Investing.com - Stocks in focus in premarket trading on Tuesday:
• Starbucks (NASDAQ:SBUX) stock ticked up 0.6% after the beverage chain made a licensing deal with restaurant tech company Brightloom. The deal will give some of the technology behind the software that powers the coffee giant's mobile ordering system in exchange for an equity stake and a seat on the board of directors of Brightloom. Terms weren't disclosed.
• Biogen (NASDAQ:BIIB) stock rose 0.7% in premarket trade by 8:20 AM ET (12:20GMT) after the biotechnology company posted a 72% rise in quarterly profit and lifted its earnings forecast for the year.
• Lockheed Martin (NYSE:LMT) stock gained 1.5% after it raised its 2019 guidance, while its earnings came in higher than expected.
• Intel (NASDAQ:INTC) stock was up 1.2% after The Wall Street Journal reported that Apple (NASDAQ:AAPL) is close to a deal to buy its smartphone modem chip unit, worth roughly $1 billion.
• Coca-Cola (NYSE:KO) stock jumped 3.5% after meeting second-quarter estimates, while it raised its forecast for 2019, thanks largely to demand for its zero-sugar soda.
• Hasbro (NASDAQ:HAS) stock surged 4.8% after its earnings beat forecasts due to higher demand for Avengers action toys.