AIG, ExxonMobil: Premarket Trading
(Premarket story updated with AIG news and share price information.)
NEW YORK (
) -- More than 30 banks signed a multi-billion dollar credit facility agreement with
American International Group
(AIG) - Get Report
less than two weeks after the insurer set out plans to exit a government bailout.
Shares of the company are up 2.14%, or $1.27, to $60.65 in premarket trading.
>> Banks Line Up to Offer AIG Credit
Large oil and gas companies such as
ExxonMobil
(XOM) - Get Report
and
ConocoPhillips
(COP) - Get Report
have put significant portfolios of assets up for sale, the
Financial Times
reported, citing consulting firm Derrick Petroleum Services.
Shares of ExxonMobil are rising 0.68%, or 50 cents, to $73.51 in premarket trading.
>> Commodities That Could Heat Up in 2011
Freeport-McMoRan Copper & Gold
(FCX) - Get Report
reached a 52-week high share price of $119.44 yesterday as gold prices shrugged off China's interest rate hike. On Dec. 22 Goldman Sachs issued the company a buy rating and raised its price target for the stock to $132 from $111.
Shares of the Freeport-McMoRan Copper & Gold are up 1.47%, or $1.74, to $120.35 in premarket trading.
>> Gold Prices Shrug Off Rate Hikes
Online activists claimed a cyber attack on
Bank of America's
(BAC) - Get Report
Web site yesterday, but the bank did not show any signs of failure. The bank's stock remained relatively steady after the People's Bank of China raised the one-year lending rate to 5.81% on Dec. 25 to fight inflation.
Bank of America shares are up 0.98%, or 13 cents, to $13.40 in premarket trading.
>> Bank of America Focus of 'Hacktivists'
Cisco
(CSCO) - Get Report
shares may rise as the company sees stronger demand for equipment and as it begins paying dividends, according to a report from
Barron's
.
Cisco shares are up 1.04%, or 21 cents, to $20.37 in premarket trading.
>>3 Top Tech Stocks Selected by Fund Pros
A research report from
Barron's
yesterday rated
Netflix
(NFLX) - Get Report
with an "investors beware" rating.
Barron's
says it expects the online video company will have a hard time maintaining profit margins as studios start to demand more money to access their media content libraries.
Shares of the company are down 0.14%, or 26 cents, to $179.75 in premarket trading.
Xoma Limited
(XOMA) - Get Report
is working on a new drug, Xoma 052, which is intended to treat Type 1 and Type 2 diabetes as well as cardiovascular disease. Xoma 052 is in the second phase of development and the company plans to release interim results in early 2011.
Shares of the company are dropping 0.65%, or 4 cents, to $6.10 in premarket trading.
>> Worst Biotech CEO of 2010 Is...
Amazon's
(AMZN) - Get Report
Kindle e-reader has become the best selling product in the company's history. The company did not disclose specific sales figures for the Kindle.
Shares of the company are down 0.07%, or 13 cents, to $182.01 in premarket trading.
>> Amazon Kindle Hits Sales Milestone
-- Written by Theresa McCabe in Boston.
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>>3 Top Tech Stocks Selected by Fund Pros
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