Stocks – Tiffany, Disney, Tesla Rise Premarket; Uber Falls

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

• Uber (NYSE:) stock fell 4% in premarket trade by 8:20 AM ET (13:20 GMT) after it was stripped of its London license for the second time in two years, as the city’s regulator said the ride-sharing company put passenger safety at risk.

• Tiffany & Co (NYSE:) shares gained 5.7% after LVMH (OTC:) said it had reached an agreement to buy the U.S. jeweler for $16.2 billion.

• Tesla (NASDAQ:) stock rose 3.8% after Elon Musk tweeted that orders for its Cybertruck have reached 200,000 just three days after its launch.

• Netflix (NASDAQ:) slipped 0.8% after Wells Fargo downgraded the stock to “underperform” from “market perform,” citing overestimation of its free cash flow and increasing competition.

• Walt Disney (NYSE:) shares inched up 0.6% after its “Frozen 2” topped box office sales over the weekend, with $130 million in North American ticket sales.

• TD Ameritrade (NASDAQ:) stock increased 1.4% after reports that shareholders will receive 1.0836 of Charles Schwab (NYSE:) shares in a $26 billion all-stock deal.

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