Stocks – Oil Producers Extend Rebound in Premarket; Crowdstrike Surges

 By Geoffrey Smith 

Investing.com — Stocks in focus in premarket trade on Friday. A strong overnight bounce in futures is fading slightly, but main indices are still called to open higher.

• Altria (NYSE:) stock was up 1.4%, underperforming the broader market, after the company confirmed its CEO has tested positive for the Covid-19 virus
• Crowdstrike stock was up 19.3% after the cybersecurity firm reported a quarterly loss of 2 cents per share, much less than the 8 cents a share expected by analysts.
• Crowdstrike also gave an upbeat outlook, saying that the increased spread of work from home was likely to support billings.
• Exxon Mobil (NYSE:) stock was up 1.7% after the Texas Railroad Commissioner Ryan Sitton proposed a return to regulating domestic oil output in order to support crude prices.
• Such a measure would benefit smaller, independent players, partly at the expense of the integrated majors.
• Upstream independents Diamondback Energy (NASDAQ:) and Devon Energy (NYSE:) were up just under 5%, while Occidental Petroleum (NYSE:) was up 4.3% and Apache (NYSE:) was up 5.5%.
• Uber  (NYSE:) stock was up 9.8% after CEO Dara Khosrowshahi gave an upbeat assessment of the company’s liquidity position, which he estimated at $4 billion plus and undrawn debt facility of $2 billion by year-end.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.