Stocks – Coca-Cola, E*Trade Gain Premarket, Tesla Falls

Investing.com – Stocks in focus in premarket trading on Friday:

• Coca-Cola (NYSE:) stock gained 2.2% in premarket trade by 8:20 AM ET (12:20 GMT) after posting organic sales growth of 5%, ahead of expectations, in the third quarter. The company raised its full-year guidance for revenue and operating income. Earnings came in as expected, with comparable earnings per share of $0.56 in the third quarter on net revenue of $9.5 billion.

• Beyond Meat (NASDAQ:) stock slipped 1.9% after reports that Dave & Buster rejected its competitor Impossible Foods and is instead testing a new brand made by Maple Leaf Foods.

• E-Trade (NASDAQ:) stock surged 3.6% after its quarterly earnings came in above estimates on a record $767 million in revenue. The company also said it can gain market share now that brokers have all but completed their race to the bottom in foregoing transaction commissions.

• Tesla (NASDAQ:) stock dipped 0.4% after it said it will charge a $100 non-refundable fee for any orders. The company had previously required a refundable $1,000 reservation fee and $2,500 order deposit.

• Stitch Fix (NASDAQ:) stock gained 0.8% after the clothing styling service was rated “outperform” in new coverage at Telsey Advisory Group, which cited its strength both as a retailer and tech company.

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