Published December 31, 2013
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.
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 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.