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Good Morning, Traders!…👋

U.S. stock futures were mixed early Thursday as investors digested earnings from two market heavyweights—Alphabet (GOOG) and Tesla (TSLA).

Alphabet impressed Wall Street by surpassing second-quarter earnings expectations and reaffirming its aggressive push into artificial intelligence. Shares of the Google parent rose in after-hours trading on the upbeat results.

Tesla, on the other hand, disappointed investors with weaker-than-expected earnings. The stock dropped after CEO Elon Musk and CFO Vaibhav Taneja issued cautious guidance, citing potential headwinds from President Trump’s proposed tax and spending plan. Musk specifically warned that the elimination of the EV tax credit could lead to "a few rough quarters" ahead.

Earnings Watch

Earnings hit today from Honeywell $HON, Union Pacific $UNP, Blackstone $BX, and Keurig Dr. Pepper $KDP before open, plus Intel $INTC, Deckers $DECK, and Edwards Lifesciences $EW after close.

Analysts expect HON at $2.50 EPS with industrial strength, UNP at $2.75 EPS on rail recovery, BX at $1.05 EPS with private equity gains, KDP at $0.45 EPS amid beverage demand, INTC at $0.10 EPS with chip market focus, DECK at $3.60 EPS on strong footwear sales, and EW at $0.70 EPS with medical device growth.

Happening Today

✓ 08:30 AM ET – Jobless Claims

✓ 08:30 AM ET – Building Permits: Building Permits

✓ 09:45 AM ET – PMI: S&P Global Manufacturing PMI

✓ 10:00 AM ET – New Home Sales

✓ 01:00 PM ET – 10-Year TIPS Auction

✓ 04:30 PM ET – Fed's Balance Sheet

SECTOR SNAPSHOT

On the last trading day, most sectors displayed positive performance. Health Care and Industrials led the gains, while Utilities saw a decline. This suggests a shift in investor focus, potentially driven by strong earnings reports or positive outlooks in the healthcare and industrial sectors, while utilities may be experiencing profit-taking or reacting to changing interest rate expectations.

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PreMarket Unusual Volume Stocks

Here's a quick rundown of today's pre-market high-volume stocks:

📈 Healthcare Triangle, Inc. (HCTI) is up +25.00% at $0.0252 with substantial volume, fueled by continued optimism around its Nasdaq listing status, cost controls, AI subsidiary growth, and possible technical breakouts, despite persistent revenue contraction.

📈 PLUS THERAPEUTICS, Inc. (PSTV) is gaining +12.18% at $0.4900 with high volume, as the company advances its pipeline for CNS and pediatric cancers with FDA-cleared trials and a $15 million financing overhaul, though sustained cash burn remains a concern.

📈 Oriental Rise Holdings Limited (ORIS) is up +42.30% to $0.1740 with massive volume, showing continued volatility as a low-priced stock, though specific fresh news for today beyond general trading interest is not immediately apparent.

📈 N2OFF, Inc. (NITO) sees a +10.65% rise to $0.2760 with notable volume; while facing Nasdaq non-compliance, the company recently completed a $1.2 million commitment to finance battery energy storage assets in Italy, and has been expanding its European energy footprint.

📈 Intensity Therapeutics, Inc. (INTS) is gaining +6.62% at $0.3200 with increased volume, building on recent positive preclinical data for its cancer therapy INT230-6 and progress in its clinical trials, despite prior public offerings and analyst downgrades.

Premarket Picks

Oriental Rise Holdings Limited (ORIS) saw a significant pre-market surge of 52.29%, with its price reaching $0.27. This spike follows the company’s announcement of pricing a $6.9 million public offering.

reAlpha Tech Corp. (AIRE) experienced an 8.97% increase in pre-market trading, bringing its price to $0.39. The surge is attributed to the company’s announcement that it had repaid the full outstanding balance of the Streeterville Secured Promissory Note.

MaxLinear, Inc. (MXL) rose by 24.87%, reaching a pre-market price of $19.13. The increase comes after the company reported impressive second-quarter results, with net revenue of $108.8 million—up 13% sequentially and 18% year-over-year.

Plus Therapeutics, Inc. (PSTV) saw its pre-market price jump to $0.56, marking a 15.04% surge. This came after the company revealed it had received a $1.6 million advance payment from the Cancer Prevention and Research Institute of Texas (CPRIT).

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

Top Upgrades:

1. ASML Holding N.V. (ASML)

Analyst Firm: New Street

Upgraded: Neutral to Buy

Price Target: $928.83

Yesterday's Close: $716.93

New Street raised ASML’s rating to Buy from Neutral, setting a price target of $928.83. ASML’s stock price target varies, with analysts setting a high of $965.00, a low of $680.00, and a median target of $865.00. The average target stands at $835.52. ASML is a leader in providing lithography, metrology, and inspection systems for the semiconductor equipment industry.

2. Varonis Systems, Inc. (VRNS)

Analyst Firm: Jefferies

Upgraded: Hold to Buy

Price Target: $65

Yesterday's Close: $51.81

Jefferies upgraded Varonis to Buy from Hold, increasing the price target to $65 from $50. For Varonis, analysts predict a high stock price of $65.00 and a low of $47.00, with the median target set at $59.00. The average target price is $57.21. Varonis specializes in AI-powered software that helps organizations detect and protect against data threats globally.

3. Birkenstock Holding plc (BIRK)

Analyst Firm: Goldman Sachs

Upgraded: Neutral to Buy

Price Target: $60

Yesterday's Close: $51.06

Goldman Sachs upgraded Birkenstock to Buy from Neutral, maintaining a price target of $60. Birkenstock’s stock target ranges from a low of $57.00 to a high of $81.00, with the average target sitting at $69.29. The company is renowned for manufacturing and selling high-quality footwear.

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.