Today’s news:
• Marathon Petroleum (MPC) – M&A rumors
Marathon Petroleum (MPC) – Yesterday, after the market closed, rumors emerged that Marathon Petroleum is once again in talks to sell their Speedway gas stations. Canada’s Alimentation Couche-Tard has been cited as a potential buyer. The stock rose to at least 41 in after-hours trading. Considering that the broader market remains bullish and energy prices are rising, this potential M&A news could easily push MPC upward past short-term price resistance at about 42.5. Buy.