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:MO) 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:XOM) 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:FANG) and Devon Energy (NYSE:DVN) were up just under 5%, while Occidental Petroleum (NYSE:OXY) was up 4.3% and Apache (NYSE:APA) was up 5.5%.
- Uber (NYSE:UBER) 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.