Friday, March 29, 2024
Homemarket insiderEarly movers: RBS, CS, NEM, XOM, MRO, XRX, FINL & more

Early movers: RBS, CS, NEM, XOM, MRO, XRX, FINL & more

Check out which companies are making headlines before the bell:

Royal Bank of Scotland, Credit Suisse, Deutsche Bank, Barclays — European banking stocks are taking a hit following the Brexit vote.

Newmont Mining, Barrick Gold, Goldcorp, Kinross Gold, Gold Fields, Royal Gold, Harmony Gold, and related ETFs — Gold miners will benefit, with gold surging after the Brexit vote, touching its highest level in two years.

Exxon Mobil, Chevron, Marathon Oil, Occidental Petroleum, Anadarko Petroleum, ConocoPhillips, and related ETFs — These and other energy stocks are likely to be hit as crude drops 5 percent.

Among stocks that might have reacted to news in normal circumstances:

Xerox — Xerox announced that Jeff Jacobson will be chief executive officer following Xerox's planned split into two publicly traded companies. Jacobson is currently president of the Xerox technology unit.

Albermarle — Albermarle will replace TECO Energy in the S&P 500 after the close of trading June 30, with TECO being acquired by Emera. Fortive will join the S&P 500 on July 1, replacing Columbia Pipeline Group following that company's acquisition by TransCanada. Albermarle is a maker of chemicals, while Fortive is Danaher's former industrial unit.

Finish Line — The athletic apparel and footwear retailer beat estimates by 1 cent a share, with adjusted quarterly profit of 23 cents per share. Revenue also beat forecasts. The company said it did well despite a challenging retail environment, and sees full-year comparable-store sales up three to 5 percent.

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