Marathon Petroleum Gains; Palantir Higher; US Steel Rallies

On this episode of Stock Movers:

- Marathon Petroleum (MPC) is higher this morning as it beats out oil giants like Chevron and Exxon, as companies with more exposure to the United States share picture are gaining. The conflict between Israel and Iran has caused damage to the US consulate in Tel Aviv, and has led to a rise in global energy prices, with Brent crude gaining 5.5% in Asia trading on Monday.

- Palantir (PLTR) shares are higher today as defensive plays rally in a market concerned about geopolitical risk. Investors are worried about inflation and geopolitical risks, which could propel yields higher, but companies considered defensive stocks are rallying. Hostilities between Israel and Iran have entered a fourth day, with no sign of easing. 

- US Steel (X) is rallying today as Nippon Steel secured approval from President Trump to purchase United States Steel Corp. for $14.1 billion, its biggest ever overseas bet. The deal comes with significant concessions to the US government, including a "golden share" that gives Washington a say in major decisions and control over some board seats, and a promise to invest $14 billion over the coming years.

- Newmont Corp. (NEM) is a downside mover this morning as gold prices drop after a big rally Friday amid heightened global tensions. In the premarket this morning, the S&P 500 contracts rose 0.5% as dip-buyers moved in, while European and Asian stocks also advanced, and gold slipped 0.5% from an all-time high.

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