Attention traders: It's Monday Morning and our Lead Technical Tactician Nate Bear is giving you his weekly stocks to watch. Click the image below to see why he believes this is a day trader's market right now. Good morning Wake-up Watchlisters! While you're sipping coffee you'll see stock futures rose on Monday as investors remained optimistic that US politicians would be able to resolve the debt-ceiling standoff. President Joe Biden expressed hope that a deal could be reached, and S&P 500 futures climbed 0.4% after Friday's retreat. Despite the focus on the US debt ceiling this week, strategists have warned of economic disaster and market turmoil if politicians fail to agree to raise the government's $31.4 trillion borrowing limit. The current volatile markets had nothing on The War Room last week. We posted a 100% win rate on our trades, including a double digit winner on PYPL in one trading day. Isn't it time you finally joined us? Click here to unlock The War Room. Here's a look at the top-moving stocks this morning. Magellan Midstream Partners L.P. (NYSE: MMP) Magellan Midstream Partners is up 11.62% premarket after Oneok agreed to acquire the company in an $18.8 billion cash-and-stock deal, creating one of the largest oil and natural gas pipeline operators in the US. Each Magellan stakeholder will receive $25 in cash and 0.6670 shares of Oneok stock per unit. The acquisition includes $8.8 billion in new equity and the assumption of $5 billion of existing net debt. The deal will provide Oneok access to a network of crude oil and refined products conduits and terminals extending from Texas to Minnesota. The combined company will have a total enterprise value of $60 billion, making it one of the five largest US pipeline operators. The recent oil and gas surge has created a unique investment opportunity outside the stock market, and our friend Marc Lichtenfeld is telling readers exactly how to play it. Click here to learn how you could start collecting monthly income over and over again… for life. |
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