Berkshire Pumps Up Phillips 66 and Other #Stocks2Watch

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Published December 31, 2013

| FOXBusiness

Berkshire Pumps Up Phillips 66 and Other #Stocks2Watch

What #Stocks2Watch as Year Comes to a Close

Berkshire Hathaway's $1.4 billion purchase of one of Phillips 66's chemical refining businesses sent the company's stock rallying more than 1% in pre-market trading. 

Phillips 66 [PSX]

Berkshire Hathaway's $1.4 billion purchase of one of Phillips 66's chemical refining businesses sent the company's stock rallying more than 1% in pre-market trading. Phillips 66 shares have advanced 41% in 2013. 

Netflix [NFLX]

FOX Business Editor / Reporter Victoria Craig says she's watching shares of Netflix after Variety reported the firm is testing out a cheaper low-quality streaming service. The shares have surged close to 300% this year, far outpacing the 30% gains seen on the broad S&P 500. 

Hertz Global Holdings [HTZ]

Hertz Global Holdings enacted a one-year shareholder rights plan, sometimes called a "poison pill" to prevent a single investor from garnering too much control of the car rental firm. The shares zoomed 4% higher in the pre-market, adding to year-to-date gains of 59%. 

New York Times Co. [NYT]

Chen Guangbiao, a Chinese recycling titan, said he plans to open a dialogue about a potential purchase of the New York Times Co. Shares of the owner of The Gray Lady slumped 3% in the pre-market, cutting into 2013 gains of 89%. 

Facebook [FB]

Facebook shares jumped 1% in early trading. The reason wasn't immediately apparent. However, shares of the social network have exploded this year, roaring higher by more than 100% this year. 

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http://www.foxbusiness.com/investing/2013/12/31/berkshire-pumps-up-phillips-66-and-other-stocks2watch/