M - Monday Morning's 2 Must-Watch Stocks
2023-12-11 09:57:29 ET
The stock market has been on a tear for more than a month now, and so it's not unreasonable to see major market benchmarks taking a pause coming into a new week. Stock indexes were mostly flat at the open on Monday morning, with investors looking forward to the latest decision on interest rates and monetary policy from the Federal Reserve later this week.
However, a couple of stocks got into the holiday spirit Monday morning, both on deal-related news. Macy's (NYSE: M) could reportedly be the target of an acquisition bid, while Cigna Group (NYSE: CI) called a potential deal off. Nevertheless, shareholders in both companies are happy with the potential outcomes. Here's more on these two must-watch stocks heading into the new week.
Shares of Macy's jumped 15% at the open on Monday morning. The iconic retailer could be going private, if reports of a takeover bid are correct.
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Monday Morning's 2 Must-Watch Stocks