Good morning, you're tuned into Markets Desk.
Stock futures are clawing back ground this morning after Friday's broad selloff, with oil pulling lower as signals out of the Middle East suggest the risk of near-term escalation is fading. That geopolitical relief is doing real work for sentiment, giving equity markets room to breathe heading into the open.
Shifting to the political backdrop shaping macro expectations, Morgan Stanley's chief stock strategist Mike Wilson is calling the midterm elections a classic clearing event, arguing the outcome itself matters less than simply having the uncertainty resolved. Wilson's view is that markets have been pricing in ambiguity, and any definitive result removes that overhang regardless of which party gains ground.
On the analyst tape, Oceaneering International is drawing attention after its consensus price target was cut by nearly eleven percent to forty-one dollars and eighty-two cents a share, a meaningful revision from the prior target of forty-six dollars and ninety-two cents set just ten days earlier. The subsea services company now faces a tighter valuation case as analysts reassess the near-term outlook.
That's the tape. Markets Desk, signing off the floor.
