A lack of major economic catalysts made for relatively flat, though modestly positive, stock futures on Monday morning.
Futures at 8:45 a.m.: DJIA: +0.03%, S&P 500: +0.07%, NASDAQ: +0.27%.
Here’s what’s buzzing on Monday morning:
General Motors (NYSE:GM) stock was off a fraction of a percent in pre-market trading on Monday. Last week, America’s largest car maker received some flak from The Wall Street Journal over its shift in focus to the Asian market at the expense of the U.S. market. Responding to the article, Selim Bingol, senior VP for global communications and public policy at GM, reiterated that the company will be investing approximately $16 billion in capital in the U.S. through 2016, and highlighted the fact that the car maker has invested $9 billion domestically since 2009.
Disney (NYSE:DIS) stock was up about 0.5 percent in pre-market trading as Iron Man 3 continues to pull in tremendous amounts of cash. The film has generated more than $680 million in worldwide sales since its debut 12 days ago, and cost about $200 million to produce. Nearly 75 percent of the film’s gross so far has come from abroad.
BMC Software (NASDAQ:BMC) could be the subject of a buyout announcement made as early as Monday, sources tell Reuters. A private equity group consisting of Bain Capital and Golden Gate Capital are reportedly nearing a $46 per-share deal valued at $6.5 billion for the software maker, although the terms of the deal could still change. BMC Software closed Friday at $45.42 per share and was down about 0.2 percent in pre-market trading on Monday.
Apple (NASDAQ:AAPL) stock was up as much as 1.6 percent in pre-market trading. The company took the number-one spot in the Barron’s 500. The publication reports that “Apple has shown what it takes — terrific sales growth and wisely deployed cash flow — to be a winner in our annual ranking, which seeks to identify businesses that have done the best job of investing for growth.”
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