Boeing, Microsoft, Tesla rise premarket; Philips falls

investing.com:

Investing.com — U.S. futures traded largely unchanged Monday at the start of a busy week that includes a Federal Reserve policy-setting meeting, the widely-watched monthly payrolls report, as well as earnings from a number of mega-cap tech stocks.

Here are some of the biggest premarket U.S. stock movers today:

Boeing (NYSE:BA) stock rose 0.9% after Ryanair, Europe’s largest airline by passenger numbers, said if any U.S. customers refuse to take delivery of 737 MAX 10 aircraft, that it would buy them «at the right price.»

Intel (NASDAQ:INTC) stock rose 0.4%, attempting to bounce after last week’s disappointing numbers resulted in a slump of almost 12% on Friday.

Tesla (NASDAQ:TSLA) stock rose 1%, recovering to a degree after last week’s slump in the wake of CEO Elon Musk warning about slower sales growth despite price cuts that have already negatively affected margins.

American Airlines (NASDAQ:AAL) stock rose 1.5% after Citi upgraded its stance on the carrier to ‘buy’ from ‘neutral’, citing its diversified revenue streams and strong demand for its premium cabin services.

Philips (NYSE:PHG) ADRs fell 7% after the Dutch medical devices manufacturer halted sales of its sleep apnoea machines in the U.S., setting aside almost $400 million in the fourth quarter to fix long-running issues, after a deal with U.S. authorities.

SoFi Technologies (NASDAQ:SOFI) stock rose 10% after the personal finance company reported strong fourth-quarter earnings, helped by surging lending volumes.

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