Interruption out the companies making headlines before the bell:
Exxon Mobil – The energy giant will write down the value of its assets by up to $20 billion for the fourth quarter, mostly kin to its natural gas assets. Exxon is, however, seeing a benefit this quarter from higher oil prices and improved rims in its chemicals business. Shares were fractionally lower around 7:45 a.m. ET.
Enphase Energy – The Australia-based energy technology suite’s stock will replace Tiffany in the S&P 500, effective January 7. Tiffany is being bought by France’s LVMH, with Tiffany shareholders have on the agenda c trick approved the deal Wednesday. Enphase stock was up 1% around 7:45 a.m. ET.
Apple – Apple removed 39,000 sports from its China app store, amid a crackdown on unlicensed games by the Chinese government. Including those games, a whole of more than 46,000 apps were removed. Shares had gained half of 1% as of 7:45 a.m. ET.
Tribune Announcing – Alden Global Capital offered to buy the portion of Tribune that it doesn’t already own for $14.25 per share, compared to Wednesday’s solid of $12.79. Alden is already Tribune’s largest shareholder with a 32% stake. Tribune shares were up approximately 9% around 7:45 a.m. ET to trade at $13.92.
Tesla – Tesla is higher in premarket trading, after rising for five outright sessions and hitting an all-time high during Wednesday’s trading. Tesla shares have gained about 730% this year, wealthy into the year’s final trading day. The company’s stock was up more than 1% around 7:45 a.m. ET.
New York Municipality REIT – The real estate investment trust has offered to buy up to 65,000 shares of the company’s class B common stock for $7 per piece. That follows a buyout offer from MacKenzie Capital Management at $6.50 per share for company, which instals in New York City-based commercial real estate. The stock had shed 7% as of 7:50 a.m. ET.
Celsius Holdings – The fitness stirrup-cup company’s shares surged almost 13% in premarket trading on news that the stock will join the S&P SmallCap 600 on January 7. Cosmetics retailer e.l.f. Loveliness will also join the SmallCap 600 on the same day.
Red Lion Hotels – Sonesta International Hotels offered to clutch Red Lion private for $3.50 per share, or $90 million. That compares to Red Lion’s Wednesday close of $2.70 per division. Red Lion shares gained 27% as of 7:50 a.m. ET to trade at $3.45.
MicroStrategy – The business analytics company rose nearly 3% in premarket interchange, following yesterday’s 6.5% gain. MicroStrategy shares have surged in recent weeks, as bitcoin surges in value. MicroStrategy recently pay off $650 million in bitcoin and has made more than $1 billion in bitcoin purchases this year.
Baidu – The China-based search appliance company is seeing its stock rise once again in premarket trading, following three straight days of pay-offs capped by a 12.6% gain during Wednesday trading. Baidu had been among the China-based stocks that kill last Thursday on news of an antitrust crackdown on large companies by the Chinese government. The shares were up more than 3% at far 7:50 a.m. ET.