Wake Up With Breakfast News!

Wake up to the latest market news, company insights, and a bit of Foolish fun -- all wrapped up in one quick, easy-to-read email, called Breakfast News. Delivered at 7:30 a.m. ET every single market day. See an example of our weekday Breakfast News email & sign-up below.

Loading image...

Market Data Table

Breakfast News: Prologis Is Shopping for Growth

June 24, 2026

Tuesday's Markets
S&P 500 7,365 (-1.44%)
Nasdaq 25,587 (-2.21%)
Dow 51,667 (-0.09%)
Bitcoin $62,397 (-3.08%)

Loading raw_html...

Chart showing Prologis' revenue growth over the past five years, currently at $2.3 billion.

1) Prologis Targets Buyout of U.K. Peer

A $16.63 billion takeover bid for U.K. peer Segro by Prologis (NYSE:PLD) has been rejected unequivocally, despite it reflecting a value that's at a 25% premium to Segro's last closing stock price, as the Hidden Gems and Dividend Investor recommendation looks to grow inorganically.

"Prologis believes that its global platform, balance sheet strength and diversified capital base can unlock the significant embedded value of Segro's development and data center pipeline": Despite the statement confirming the deal was a "compelling value proposition," the current rejection could see another higher bid submitted in the near future.
"The company is … doing a great job of quietly getting into the data center space": Earlier this month, Fool contributing analyst Matt Frankel noted why Prologis could do well, as "they own, I think it's about 3,000 acres of land that they could potentially build profitable data centers on. They're helping to address one of the biggest problems in the data center space, which is power."

Loading paragraph...

2) Walmart Buys Vibe.co for Ad Push

The WSJ reports Walmart (NASDAQ:WMT) is paying $1.4 billion to purchase Vibe.co, a French advertising-tech company. If correct, the purchase price would mark Walmart's biggest deal in two years, signaling clear intent to push into this market.

"The acquisition advances Walmart's strategy to build more accessible, full-funnel advertising solutions through Walmart Connect": Given Vibe.co's focus on advertising within connected televisions, Walmart will be targeting small and medium advertisers with smaller budgets than large-scale ad teams.
Another push in the long-term strategy move: The deal comes two years after purchasing connected-TV maker Vizio, which helped open up more platforms where it could sell advertising. In adding Vibe.co to enhance the product, it's aiming to compete with Amazon (NASDAQ:AMZN) on ad revenue.

Loading paragraph...

3) Overnight Moves From FDX, KBH, and CBRS

FedEx (NYSE:FDX) fell around 6% ahead of the market open. Although quarterly revenue and earnings beat expectations, broader concern about underwhelming forward guidance and narrowing margins weighed on the Stock Advisor rec by Team Rule Breakers.
KB Home (NYSE:KBH) rallied about 3% in pre-market trading thanks to revenue beating expectations, although it did adjust its full-year 2026 targets due to concerns around affordability challenges.
Cerebras (NASDAQ:CBRS) dropped over 10% before the opening bell after it posted a quarterly net loss of $14 million and warned its core gross margin will shrink to 36% to 38% in the coming quarter, down from 46.5% from Q1.

Loading paragraph...

4) Next Up: Wednesday Earnings from JEF, TCOM, and MU

Jefferies (NYSE:JEF) reports earnings following the market close, with the Team Hidden Gems rec forecast to deliver decent growth driven by a continued rebound in deal activity from last quarter and elevated trading desk activity.
Trip.com (NASDAQ:TCOM) delivers quarterly results post market close. Growth is expected thanks to international platform expansion and a rebound in Chinese outbound travel.
Micron (NASDAQ:MU) will release Q3 results after the closing bell, coming off the back of a 13% move lower yesterday on broader memory chip valuation concerns -- though the Team Rule Breakers rec is still up by more than 750% over the last year! Analysts expect revenue of around $35 billion, a 40% jump from last quarter, with a record gross margin of 81% to 81.6%.

Loading paragraph...

5) Today's Take: When AI Threatens Your Portfolio

Chief Rule Breaker David Gardner built a philosophy on backing the disruptor, not the disrupted; I take it further: Owning the threat is the cleanest hedge against your own portfolio. -- Yasser El-Shimy, Team Rule Breakers
The potential for AI disruption is something I regularly assess in my portfolio. Fortunately, the bulk of my investments aren’t likely to face significant headwinds, such as real estate investment trusts, banks, and industrials. But there are a few I have to watch more closely. -- Matt Frankel, Team Hidden Gems

Loading paragraph...

6) Your Take

Nasdaq futures were up over 0.5% in early trading, following the tech rout of the past two days.

Which names on your watch list just got more attractively priced?

Discuss with friends and family, or become a member to hear what your fellow Fools are saying!

Loading paragraph...