U.S. Markets open in 1 hr 20 mins
  • S&P Futures

    4,060.50
    -15.00 (-0.37%)
     
  • Dow Futures

    34,000.00
    -23.00 (-0.07%)
     
  • Nasdaq Futures

    12,034.25
    -72.50 (-0.60%)
     
  • Russell 2000 Futures

    1,905.00
    -5.50 (-0.29%)
     
  • Crude Oil

    82.14
    +1.13 (+1.39%)
     
  • Gold

    1,930.40
    +0.40 (+0.02%)
     
  • Silver

    23.82
    -0.20 (-0.85%)
     
  • EUR/USD

    1.0868
    -0.0024 (-0.2174%)
     
  • 10-Yr Bond

    3.4930
    0.0000 (0.00%)
     
  • Vix

    18.95
    -0.13 (-0.68%)
     
  • GBP/USD

    1.2360
    -0.0047 (-0.3794%)
     
  • USD/JPY

    129.8460
    -0.3070 (-0.2359%)
     
  • BTC-USD

    22,949.67
    -162.20 (-0.70%)
     
  • CMC Crypto 200

    519.84
    -7.35 (-1.39%)
     
  • FTSE 100

    7,759.42
    -1.69 (-0.02%)
     
  • Nikkei 225

    27,382.56
    +19.81 (+0.07%)
     

BP, AerCap Fall Premarket; Renewable Energy, First Horizon Rise

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Monday, February 28th. Please refresh for updates.

BP (NYSE:BP) ADRs fell 7.9% after the energy giant announced its intention to exit from its stake of around 20% in Russia’s Rosneft (OTC:OJSCY), a decision that it said could cost around $25 billion.

Renewable Energy (NASDAQ:REGI) stock soared 38% after oil major Chevron (NYSE:CVX), up 0.29%, announced plans to buy the biodiesel maker in a deal valued at $3.15 billion.

L3Harris Technologies (NYSE:LHX), Raytheon Technologies (NYSE:RTX), Lockheed Martin (NYSE:LMT), General Dynamics (NYSE:GD) and Northrop Grumman (NYSE:NOC) stocks all jumped by at least 4%, with these defense companies boosted by the news that Germany plans to dramatically increase its military spending.

First Horizon (NYSE:FHN) stock rose 32% after Canadian TD Bank announced plans to buy the U.S. lender in an all-cash deal valued at $13.4 billion to expand its footprint in the United States.

AerCap (NYSE:AER) stock fell 5.5% after the world’s biggest aircraft leasing firm said it will halt leasing to Russia, a region which usually leases around 5% of its fleet.

ViaSat (NASDAQ:VSAT) stock will be in focus after the satellite communications firm said it was investigating a suspected cyberattack that caused a partial outage in its residential broadband services in Ukraine and other European countries.

Nielsen (NYSE:NLSN) stock rose 8.14% after the TV ratings firm reported stronger than expected quarterly earnings, issued an upbeat full-year forecast and announced a $1 billion share repurchase program.

Block (NYSE:SQ) stock fell 1.6%, outperforming the wider market, after BMO Capital Markets upgraded its stance on the fintech company to “outperform” from “market perform,” seeing more than 30% upside.

Related Articles

BP, AerCap Fall Premarket; Renewable Energy, First Horizon Rise

BP quits Russia in up to $25 billion hit after Ukraine invasion

BP cancels fuel oil loadings from Russian Black Sea port - sources