Stock Movers Sysco to Buy Jetro Restaurant Depot; US-Listed Aluminum Stocks Gain; Mag7 Stocks Rebound
Mar 30, 2026
A massive food-distribution takeover and its blockbuster $29.1 billion price tag make market waves. Aluminum stocks jump after attacks on Middle Eastern facilities push metal prices higher. Big-cap tech names stage a rebound following a sharp selloff, with NVIDIA drawing attention for new AI data center plans.
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Sysco Agrees Major Buyout Of Jetro Restaurant Depot
- Sysco agreed to buy Jetro Restaurant Depot for $29.1 billion including debt, with $21.6 billion cash and 91.5 million Sysco shares.
- Abir Abu Omar noted the deal values Jetro at over 14 times operating income, pressuring Sysco shares down ~1.8% premarket.
Aluminum Stocks Rally After Middle East Facility Attacks
- Alcoa jumped about 8% premarket after attacks on UAE and Bahrain aluminum facilities pushed metal prices up as much as 6%.
- Abir Abu Omar tied the move to reported significant damage at an Abu Dhabi plant and parallel gains across miners and producers in Asia and Europe.
Oil Prices Near $115 Push Energy Stocks Higher
- Brent crude traded near $115 a barrel after weekend escalations, lifting oil majors like Chevron and Exxon about 1.3% in premarket trade.
- Abir Abu Omar said Brent surged ~90% over the past month, amplifying moves in oil stocks globally.