Stocks - Nike, Tiffany Fall in Premarket; Best Buy Rises

Investing.com - Stocks in focus in premarket trade Friday:

· Nike (NYSE:NKE) stock fell 4.7% by 8:15 AM ET (12:15 GMT) after the sportswear company’s North American sales fell short of expectations in its fiscal third quarter.

· Best Buy (NYSE:BBY) stock rose 1.5% after Oppenheimer upgraded the company to outperform from perform, according to CNBC.

· Tiffany & Co (NYSE:TIF) stock fell 4.1% after it reported a 1% fall in world-wide sales during the holiday season.

. JetBlue Airways (NASDAQ:JBLU) stock was down 0.1% on a New York Times report that it is being sued after two of its pilots allegedly drugged three crew members and raped two of them.The lawsuit contends that the airline failed to take disciplinary action against the accused pilots when the incident was reported last year. JetBlue told the NYT that it “takes allegations of violent or inappropriate behavior very seriously and investigates such claims thoroughly.” It didn't rebut the claims, however.

· Boeing (NYSE:BA) stock lost 0.4% on news that Indonesian airline Garuda is cancelling its order of the 737 Max 8 jet after two deadly crashes involving the model. It's the first airline to take such a step.

· Tesla (NASDAQ:TSLA) stock was down 0.1% after reports that it is bringing back its customer referral program just months after saying it was ending it. Meanwhile CEO Elon Musk told employees in an email that vehicle deliveries should be a "primary priority.”

· GameStop (NYSE:GME) stock inched up 1.3% after appointing George Sherman as its new chief executive officer. Sherman was previously CEO of privately-owned Victra.

· Anheuser Busch Inbev (BR:ABI) stock slipped 2.1% after MillerCoors sued the company over its Bud Lite ad campaign, alleging that the ad deceives consumers into thinking Miller Lite and Coors Lite brands contain corn syrup.

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