Stocks - Oracle, FedEx Slide in Pre-market; Netflix, Amazon Gain; Avon Surges

Investing.com - Stocks in focus in pre-market trade Tuesday:

• Oracle (NYSE:ORCL) stock sank 4.00% by 8:07 AM ET (12:07 GMT) after its fiscal first-quarter revenue missed estimates.

• Avon Products Inc (NYSE:AVP) stock surged 6.70% amid reports that Brazil’s Natura Cosmeticos (SA:NATU3) has approached the cosmetics company about a takeover.

• Apple (NASDAQ:AAPL) stock was up 0.38% in premarket trading after the White House spared a category of high-tech products from tariffs that the company uses for its Watch and AirPods.

• FedEx (NYSE:FDX) stock slumped 1.95% after its quarterly profit missed consensus.

• Netflix (NASDAQ:NFLX) stock gained 1.09% as the company tied HBO with 23 Emmy awards, breaking the cable channel’s 16-year streak as the night’s biggest winner.

• General Mills (NYSE:GIS) lost 3.79% as fiscal first-quarter sales missed expectations, although earnings per share did top consensus.

• Amazon.com (NASDAQ:AMZN) stock edged forward 0.47% amid a CNBC report that the company planned to release at least eight new Alexa-powered devices by the end of the year.

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