Good Morning, Traders!…👋

U.S. stock futures climbed Monday as markets looked to recover from last week’s selloff, with tensions between Israel and Iran appearing to ease slightly despite continued missile exchanges over the weekend. Oil prices, which surged last week to their highest levels since January, edged lower as the initial shock from the Middle East conflict began to fade.

The geopolitical uncertainty adds to broader market jitters already fueled by concerns over global trade and tariffs. As investors digest the latest developments, attention now turns to Monday’s Empire State Manufacturing Survey from the New York Fed, a key data point ahead of the Federal Reserve’s interest rate decision on Wednesday.

While markets widely expect the Fed to keep rates unchanged, rising oil prices could complicate the outlook on inflation. Despite renewed calls from former President Trump for a rate cut, current economic dynamics suggest the Fed may remain cautious in shifting policy direction.

Earnings Watch

Earnings roll out today from ReNew Energy $RNW, PowerFleet $AIOT, and Coda Octopus $CODA before open, plus Lennar $LEN and Digital Ally $DGLY after close.

Analysts expect RNW to post $0.05 EPS with renewable energy growth, AIOT to hit $0.08 EPS, CODA at $0.04 EPS, LEN to deliver $1.94 EPS on housing demand, and DGLY with video tech focus.

Happening Today

✓ 07:00 AM ET – OPEC Monthly Report

✓ 08:30 AM ET – NY Empire State Manufacturing Index (Jun)

✓ 01:00 PM ET – 20-Year Bond Auction

PREMARKET SNAPSHOT 📈

U.S. equity futures are modestly firmer this morning as markets stabilize after recent oil volatility and focus shifts to Wednesday’s Federal Reserve meeting and fresh U.S.–China trade negotiations.

SECTOR SNAPSHOT✨

Markets faced broad declines as nearly every sector ended lower. Technology, financials, and materials saw notable losses, while consumer discretionary, industrials, and communication services also pulled back. Energy was the lone standout, managing to notch solid gains despite the risk-off tone across the board.

PreMarket Unusual Volume Stocks

📈 OceanPal Inc. ($OP) is making waves pre-market with a staggering 132.30% surge. Volume exploded to 21.97M shares, dwarfing its average—clear signs of a sharp shift in sentiment and heavy trader interest.

📈 U.S. Energy Corp. ($USEG) continues to attract attention with 4.77M shares traded pre-market, up 7.69%, marking a significant departure from its usual activity and reflecting a potential move in the energy space.

📈 Crown LNG Holdings Limited ($CGBS) saw a healthy 15.56% gain with pre-market volume hitting 38.24M shares, pointing to strong momentum building up.

📈 Hub Cyber Security Ltd. ($HUBC) posted a 9.40% pre-market gain on 306.34K shares, with volume climbing notably. The uptick suggests investor optimism may be returning after recent weakness.

📈 Critical Metals Corp. ($CRML) gained 17.73%, with 619.18K shares traded—well above average volume—hinting at increasing speculative activity ahead of the open.

Premarket Picks

SharpLink Gaming, Inc. (SBET) saw a notable pre-market surge of 25.95%, reaching $11.60. The jump follows the company’s filing of an 8-K form with the SEC, signaling potentially significant corporate developments.

New Era Helium, Inc. (NEHC) climbed 41.75% in pre-market trading, rising to $0.77. The rally follows the company's announcement that its joint venture, Texas Critical Data Centers, LLC (TCDC) with Sharon AI, is in active discussions with large enterprise customers to support a major AI infrastructure project in Ector County, Texas.

Jasper Therapeutics, Inc. (JSPR) rose 13.62% pre-market to $6.34, following the release of positive clinical data from the 180mg cohort in its SPOTLIGHT study evaluating Briquilimab for Chronic Inducible Urticaria.

Prothena Corporation plc (PRTA) gained 12.20% pre-market, hitting $5.70, after announcing that partner Roche will move forward with Phase III trials for prasinezumab, an investigational treatment for early-stage Parkinson’s disease.

Below is a complete list of hot stocks in pre-market today:

Top Upgrades:

1. Incyte Corporation (INCY)

Analyst Firm: Stifel
Upgraded: Hold to Buy
Price Target: $107
Friday's Close: $67.75

Stifel raised its rating on Incyte from Hold to Buy and increased its price target from $75 to $107. Analysts have set a stock price target for Incyte ranging from a low of $52.00 to a high of $107.00, with a median estimate of $73.00 and an average of $75.85. Incyte develops and markets pharmaceutical products across the U.S., Europe, Canada, and Japan.

2. Wix.com Ltd. (WIX)

Analyst Firm: Wells Fargo
Upgraded: Equal Weight to Overweight
Price Target: $216
Friday's Close: $149.10

Wells Fargo upgraded Wix.com from Equal Weight to Overweight, lifting its price target to $216 from $173. Wix.com, a global provider of cloud-based website building tools, has received stock price targets between $173.00 and $250.00. The median estimate is $230.00, while the average target sits at $222.57.

3. Celanese Corporation (CE)

Analyst Firm: Wells Fargo
Upgraded: Equal Weight to Overweight
Price Target: $66
Friday's Close: $54.63

Wells Fargo also upgraded Celanese from Equal Weight to Overweight, raising its price target from $45 to $66. Celanese, a producer of engineered polymers with a global footprint, has stock price targets ranging from $47.00 to $76.00. The median estimate is $55.00, and the average is $58.94.

Maeve Grace
Editor In Chief
Premium Stock Alerts

Important: This newsletter does not provide investment advice. The stocks mentioned should not be taken as recommendations. Your investments are solely your decisions.

Disclosure: I hold no positions in any companies mentioned, either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article.