Good Morning, Traders!…👋

Market futures are presenting a mixed picture today. While S&P 500 and Dow futures are showing slight upticks of 0.08% and 0.16% respectively, the NASDAQ futures are experiencing a minor dip of 0.04%. This divergence could be due to a combination of factors, such as sector-specific news, varied reactions to recent economic data, or investor repositioning ahead of upcoming central bank announcements or earnings reports.

Earnings Watch

Earnings hit today from UniFirst $UNF, Franklin Covey $FC, and National Beverage $FIZZ before open, with no major reports after close.

Analysts expect UNF to post $2.12 EPS with uniform services strength, FC to hit $0.29 EPS, and FIZZ at $0.49 EPS with beverage demand—could these beats spark rallies?

Happening Today

✓ 08:15 AM ET – ADP Nonfarm Employment Change (Jun)

✓ 10:30 AM ET – Crude Oil Inventories

SECTOR SNAPSHOT✨

On the last trading day, market sector performance was largely positive, with Materials and Health Care showing particularly strong gains. However, Information Technology and Communication Services experienced declines. This could indicate a rotation in investor focus, possibly moving away from recent high-growth tech names towards more defensive or cyclical sectors, or reacting to specific company news within those tech and communication industries.

PreMarket Unusual Volume Stocks

📈 Gryphon Digital Mining, Inc (GRYP) is up +55.35% at $0.9012 with significant volume, following the filing of an amended S-4 for its planned stock-for-stock merger with American Bitcoin Corp., which will result in the combined entity trading under the "ABTC" ticker.

📈 Earlyworks Co., Ltd. (ELWS) is surging +86.84% to $1.90 on massive volume, amidst recent news of an extension granted by the Nasdaq Hearings Panel to regain compliance with listing requirements, which may be contributing to renewed interest.

📈 CID HoldCo, Inc. (DAIC) is exploding +182.00% to $4.61 with high volume; this follows recent dramatic volatility and a significant selloff post-IPO, raising questions about investor confidence.

📈 Namib Minerals (NAMM) is gaining +64.24% at $6.88 on strong volume, continuing to attract attention after its Nasdaq debut in June following a SPAC merger, positioning it as a key player in gold and green minerals in Africa.

📈 Scage Future (SCAG) is up +53.51% to $4.13 with notable volume, likely driven by the recent closing of its business combination and Nasdaq listing under the "SCAG" ticker, as a zero-emission solution provider of new energy heavy-duty commercial vehicles.

Premarket Picks

Perfect Moment Ltd. (PMNT) saw a strong pre-market jump of 26.01%, trading at $0.29. The surge follows the company’s announcement of the successful closing of its public offering, sparking investor optimism.

Gryphon Digital Mining, Inc. (GRYP) skyrocketed 49.80% in pre-market trading to $1.35. This significant move comes after the company and American Bitcoin took a key step toward a public listing by filing an amended registration statement on Form S-4.

Blue Gold Limited (BGL) rose 25.09% pre-market, reaching $90.00. The gain follows news of acquisition plans unveiled shortly after the company’s successful Nasdaq listing, fueling positive sentiment.

Eos Energy Enterprises, Inc. (EOSE) climbed 7.80% to $5.25 in early trading. The uptick comes as the company received a second loan disbursement of $22.7 million from the U.S. Department of Energy’s Loan Programs Office, boosting confidence in its financial support.

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

Top Upgrades:

1. Apogee Enterprises, Inc. (APOG)

Analyst Firm: Kansas City Capital
Upgraded: Perform to Outperform
Price Target: $48
Yesterday's Close: $41.43

Kansas City Capital raised its rating on Apogee Enterprises from "Perform" to "Outperform" and set a price target of $48. Apogee, a manufacturer of building enclosures and architectural glass products with operations in the U.S., Canada, and Brazil, has received varied analyst projections. The stock price targets range from a low of $45.00 to a high of $63.00, with a median and average estimate both at $54.00.

2. SkyWest, Inc. (SKYW)

Analyst Firm: Evercore ISI
Upgraded: In Line to Outperform
Price Target: $120
Yesterday's Close: $104.10

Evercore ISI’s Duane Pfennigwerth upgraded SkyWest from "In Line" to "Outperform," assigning it a price target of $120. SkyWest, a U.S.-based regional airline operator, shows strong investor confidence. Analyst price targets span from $114.00 on the low end to $128.00 at the high end. The median estimate is $121.00, while the average sits slightly higher at $122.00.

3. Solventum Corporation (SOLV)

Analyst Firm: Argus
Upgraded: Hold to Buy
Price Target: $90
Yesterday's Close: $77.89

Argus analyst David Toung upgraded Solventum (SOLV) to Buy from Hold with a $90 price target. Solventum, which provides healthcare solutions across the U.S. and globally, has stock price targets ranging from $71.00 to $88.00. The median target is $85.00, with an average analyst estimate of $81.57, reflecting steady expectations for the company's performance.

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.