🌅 Today's Morning Call
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S&P Futures
7,865.00
▲ +31.50 (+0.40%)
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Nasdaq Futures
31,511.75
▲ +161.75 (+0.52%)
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Dow Futures
51,918.00
▲ +291.00 (+0.56%)
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10Y Treasury
5.31%
▲ +0.03%
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US Dollar
101.82
▼ -0.32 (-0.31%)
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Bitcoin
$86,299
▲ +$551 (+0.64%)
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Data as of 8:09 AM ET
Good morning! Happy Tuesday. Futures are pointing higher across the board, and the mood feels constructive with a softer dollar and a fresh wave of corporate dealmaking lighting up the tape. Energy Transfer and Informa both opened their wallets overnight, so M&A is the story to track. Here's your morning rundown.
👀 What to Watch Today
The macro calendar is lighter today, which puts corporate headlines in the driver's seat. Energy Transfer (ET) leads the pack after agreeing to buy Vaquero Midstream for roughly $2.63 billion in cash and stock, a move that expands its midstream footprint and could ripple across the pipeline space.Keep an eye on Becton Dickinson (BDX) following word of a $3 billion push to bring essential medical manufacturing back to the US. Reshoring plays have been a recurring theme, and this one adds fresh fuel to the medtech conversation.
With Treasury yields ticking up (10-year at 5.31%) and the DXY slipping to 101.82, rate-sensitive names and multinationals will be worth a glance. Watch how traders position once the bell rings.
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Text Me the Alerts🌏 Overnight Recap
Europe served up the deal flow this morning. Informa said it plans to spin off its academic unit, Taylor & Francis, while scooping up live-events company Clarion for $2.96 billion, a clear bet on sharpening its business-to-business core.Banking shuffles added intrigue as France's BPCE disclosed a roughly 7% stake in Spain's Sabadell (BNDSF), signaling it wants to become a long-term shareholder and explore cooperation. Cross-border consolidation chatter in European finance is back on the radar.
Not everyone woke up smiling. ASOS (ASOMF, ASOMY) shares slid more than 11% after reports that customers received push notifications claiming the retailer had been hacked. Cybersecurity jitters are once again rattling online retail.
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📊 Pre-Market Movers
Energy Transfer (ET) is a name to watch at the open after announcing its $2.63 billion acquisition of Vaquero Midstream. Deals of this size tend to move both the acquirer and peers across the midstream group, so expect pipeline tickers to trade in sympathy.ASOS (ASOMF, ASOMY) is the ugly duckling this morning, down more than 11% on reports of a customer data hack. When trust takes a hit in e-commerce, the stock usually feels it first.
Becton Dickinson (BDX) could see interest after the $3 billion domestic manufacturing commitment made headlines, while Sabadell (BNDSF) draws eyes thanks to BPCE's new 7% position.
🔍 Today's Watchlist
- Energy Transfer (ET) and the pipeline sector after the $2.63B Vaquero Midstream deal.
- Becton Dickinson (BDX) on its $3B US medical manufacturing expansion.
- ASOS (ASOMF, ASOMY) and online retail sentiment after the reported hack and 11% drop.
- Treasury yields with the 10-year at 5.31% and a softer dollar at 101.82 DXY.
- European bank M&A as BPCE builds its 7% Sabadell stake.
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🎯 The Morning Playbook
Today is a stock-picker's session. With a light economic calendar, the action is concentrated in company-specific catalysts, so lean into the deal flow. Energy Transfer (ET) and the midstream complex offer a clean M&A narrative, while Becton Dickinson (BDX) fits the reshoring theme that keeps finding buyers.Stay disciplined on the names caught in headlines for the wrong reasons. ASOS shows how fast cybersecurity news can erase value, so weigh risk before chasing any bounce.
With futures green and the dollar easing, the setup favors a steady start. Trade the stories, not the noise, and let the catalysts guide you.
📰 Further Reading
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