Friday, January 14, 2011

Early Market News: Exxon Mobil Corp. (NYSE:XOM), Intel Corp. (NASDAQ:INTC), IBM (NYSE:IBM)

Here are more news stories which could affect stocks on world markets in trading later today. The following stocks should see some movement: Exxon Mobil Corp. (NYSE:XOM), Intel Corp. (NASDAQ:INTC), IBM (NYSE:IBM). Here is a more detailed look at the news that will affect each company when trading continues. Exxon Mobil Corp. (NYSE:XOM) Exxon Mobil Corporation (NYSE:XOM) has planned to divest parts of its stake in North Sea oilfields. The latest decision by Exxon Mobil Corporation (NYSE:XOM) to sell portions of its North Sea oil fields is part of a strategy to dump non-core assets. As per reports in Indigopool, the properties to be offloaded are currently owned by the company's recently-acquired XTO Energy Corporation and have not been assigned any specific dollar value thus far. Exxon Mobil Corporation (NYSE:XOM)'s XTO is offering to sell a 15% stake in these three oil field blocks. Intel Corp. (NASDAQ:INTC) Intel (NASDAQ:INTC) results have beaten forecasts and estimates. Intel (NASDAQ:INTC) investors can cheer up, as the quarterly revenues published by the company were more than estimates and forecasts. The increased sales in the corporate sector have been considered to be a major reason behind the better results. Patrick Wang, an analyst at Wedbush Securities, said that, “It seems like they’re doing pretty well. The stock’s not really reacting off of it. Right now there’s just a larger overhang over the stock when it comes to tablets and smartphones. That may be an area where investors are more cautious." IBM (NYSE:IBM) IBM (NYSE:IBM) has topped the list of most inventive companies for the 18th year. According to the official statement from the company, it has received 5,896 patents in the US in 2010, which makes IBM (NYSE:IBM) the company with the highest number of patents per year. IBM (NYSE:IBM)'s Kevin Reardon said “Patent leadership is an important element of our high-value business strategy, which is focused on enabling instrumented, interconnected and intelligent infrastructures that can change how systems of all kinds work to support a smarter planet." We could see more movement when trading continues for Exxon Mobil Corp. (NYSE:XOM), Intel Corp. (NASDAQ:INTC) and IBM (NYSE:IBM).
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