Berkshire Pumps Up Phillips 66 and Other #Stocks2Watch

By MarketsFOXBusiness

#Stocks2Watch: FOX Business rounds up the stocks you should watch before the opening bell rings on Wall Street. Tweet @adamsamson or e-mail and tell us what stocks you're watching -- your picks could appear online!

1. Phillips 66 [PSX]

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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.

2. 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.

3. 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%.

4. 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%.

5. 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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