Shares of Apple (NASDAQ:AAPL) edge higher in early trading as the company gets ready to unveil the iPhone 5 today. Older iPhone trade-ins are on the rise as consumers prepare to buy whatever is unveiled today.
Don’t Miss: Apple iPhone 5 Announcement Preview.
Alcoa Inc. (NYSE:AA) is trading down more than 2% before the opening bell. Shares are falling in response to a reduction in profit and price target by Anthony Rizzuto, a metals analyst at Dahlman Rose & Co.
Morgan Stanley (NYSE:MS) continues to decline nearly 4% as the company receives a downgrade from Egan-Jones. MS was lowered from A+ to A, with a negative outlook. Other financials such as Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC), and Citigroup (NYSE:C) are all lower before the opening bell.
Ford (NYSE:F) is down nearly 1% in pre-market trading. The automaker followed in the footsteps of GM (NYSE:GM) and now has a tentative four-year agreement with the United Auto Workers. The agreement’s details will be announced at a press conference and the union’s leaders will vote on it for the company’s 41,000 employees.
AMR Corporation (NYSE:AMR) is soaring 14% in early trading after a horrible Monday. Rumors circulated that the airline company may face bankruptcy. The company’s stock hit a record low and incurred seven trading halts on Monday after staggering increases in the number of AMR’s pilots retiring prompted bankruptcy fears.
Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.