Stocks – Boeing, Goldman Sachs, Alibaba Fall Premarket

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

• Boeing (NYSE:) stock was down 0.7% in premarket trade by 8:20 AM ET (11:20 GMT) after American Airlines (NASDAQ:) and Southwest Airlines (NYSE:) reported that their Boeing 737 Max jets have been taken off the flight schedule until early March.

• Goldman Sachs (NYSE:) stock slipped 0.8% as it faced a gender discrimination probe by the New York Department of Financial Services into its credit card practices, caused by a series of tweets from the creator of web application framework Ruby on Rails. David Heinemeier Hansson claims Goldman Sachs approved an Apple (NASDAQ:) Card with 20 times the credit limit of his wife, despite his wife having a better credit score.

Alibaba (NYSE:) stock inched down 0.6% even after it posted a record $31 billion in sales for its 11th annual Singles’ Day event. Still, year-on-year growth slowed from last year.

• GW Pharmaceuticals (NASDAQ:) stock inched up 0.5% after two of the company’s cannabis-based medications were recommended for use by the U.K.’s NHS for the first time.

• Tesla (NASDAQ:) stock rose 1% after its price target was raised by Jefferies to $400 per share from $300 a share, with the bank’s analysts taking a bright view of the company’s margin outlook, according to CNBC.

• Amazon.com (NASDAQ:) stock fell 0.3% after reports that Kindle pioneer Steve Kessel is leaving the online retailer after 20 years. Kessel is currently responsible for some of Amazon’s most high-profile projects, including the Amazon Go cashierless convenience stores venture, the quick-delivery Prime Now program and the Whole Foods Market chain that Amazon bought two years ago.

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