Good Morning, Traders!…👋

U.S. stock futures moved slightly higher early Friday, with Dow futures rising 105 points, or 0.24%. S&P 500 futures were up 0.31%, while Nasdaq 100 futures gained 0.34%. This followed a mixed day on Wall Street where the Dow fell 224 points, or 0.5%, marking its second loss in three sessions. The S&P 500 dipped 0.08%, while the Nasdaq added nearly 0.4%, showing relative strength.

 Markets are closely watching President Trump’s trade policies after his new “reciprocal” tariffs took effect at midnight Thursday. These include steep duties like 41% on imports from Syria and 40% on goods from Laos and Myanmar. Stocks initially rallied Thursday after Trump clarified that his proposed 100% tariff on imported semiconductor chips would not apply to companies manufacturing in the U.S.

Trump also announced his nomination of Stephen Miran, chair of the Council of Economic Advisors, to the Federal Reserve Board, replacing Adriana Kugler, who resigned last week. Miran will complete her term, ending in January. Despite recent volatility, the major indexes are on track for weekly gains, with the S&P 500 up 1.6%, the Dow up 0.9%, and the Nasdaq ahead by 2.9%. Traders are also awaiting earnings results from Under Armour, AMC Networks, and Wendy’s.

Earnings Watch

Earnings hit today from Under Armour $UAA, Wendy's $WEN, and FuboTV $FUBO before open.

Analysts expect UAA at $0.07 EPS with apparel sales focus, WEN at $0.27 EPS on breakfast demand, and FUBO at -$0.09 EPS amid streaming growth.

Happening Today

✓ 01:00 PM ET – U.S. Baker Hughes Rig Count

✓ 03:30 PM ET – CFTC Speculative Net Positions

SECTOR SNAPSHOT

On the last trading day, market sectors were mixed, with Utilities and Consumer Staples leading the gains. Conversely, Financials and Health Care were among the key sectors that experienced declines, highlighting a cautious and selective approach from investors.

PreMarket Unusual Volume Stocks

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

📈 MEDIROM Healthcare Technologies Inc. (MRM) is exploding +70.83% at $1.20 with massive volume, driven by yesterday's announcement of a partnership with "World," a new AI-era "proof of human" protocol co-founded by ChatGPT's Sam Altman, with plans to install authentication devices in 100 salons.

📈 Click Holdings Limited (CLIK) is up +21.98% to $0.3690 with substantial volume, continuing its volatility from recent news of a 68% revenue surge and strategic moves into the cryptocurrency treasury and AI-driven senior care sectors.

📈 Bit Origin Limited (BTOG) is up +13.09% at $0.4270 with high volume, following its recent completion of a share capital reduction to gain flexibility for future corporate actions, including potential capital raises.

📈 ENDRA Life Sciences Inc. (NDRA) sees a +8.45% rise to $4.26 with notable volume; while the company faces Nasdaq non-compliance, a recent analyst report set a very high price target, which may be contributing to the stock's recent volatility.

📈 Incannex Healthcare Inc. (IXHL) is up +11.39% at $0.4625 with increased volume, continuing to attract investor attention following recent positive top-line results from its Phase 2 trial of IHL-42X for obstructive sleep apnea.

Premarket Picks

Shares of The RealReal, Inc. (REAL) surged 32.12% in pre-market trading to $7.28. The boost comes after the company reported strong Q2 2025 results, with revenue hitting $165 million, marking a 14% year-over-year increase.

The Beauty Health Company (SKIN) rose 20.13% pre-market, trading at $1.91. The company’s second-quarter 2025 earnings report sparked investor optimism, though full financial details are still unfolding.

OptimizeRx Corporation (OPRX) saw a 22.51% jump in pre-market activity, climbing to $15.73. The company posted Q2 revenue of $29.2 million—up 55% year-over-year—and raised its full-year 2025 guidance.

SoundHound AI, Inc. (SOUN) is trading 21.64% higher pre-market at $13.04 after delivering a record-breaking second quarter. Revenue soared to $42.7 million, a 217% year-over-year increase.

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

Top Upgrades:

1. Fortinet, Inc. (FTNT)

Analyst Firm: DZ Bank

Upgraded: Hold to Buy

Price Target: $85

Yesterday's Close: $75.30

DZ Bank raised its rating on Fortinet from Hold to Buy, setting a price target of $85. Fortinet provides cybersecurity and network convergence solutions worldwide. Analysts have set a stock price target ranging from $75.00 to $124.00. The median estimate is $90.00, with an average target of $94.45.

2. GoDaddy Inc. (GDDY)

Analyst Firm: Piper Sandler

Upgraded: Neutral to Overweight

Price Target: $182

Yesterday's Close: $150.25

Piper Sandler boosted its stance on GoDaddy from Neutral to Overweight, increasing the price target slightly to $182 from $180. GoDaddy designs and develops cloud-based products for users globally. Analyst price targets range from $180.00 to $250.00. The median stands at $215.50, while the average is $212.00.

3. Parsons Corporation (PSN)

Analyst Firm: Baird

Upgraded: Neutral to Outperform

Price Target: $92

Yesterday's Close: $75.92

Baird’s analyst Andrew Wittmann upgraded Parsons from Neutral to Outperform, raising the price target to $92 from $78. Parsons Corporation, which provides advanced solutions in defense, intelligence, and infrastructure, has garnered bullish analyst targets. The stock’s price estimates range from $65.00 on the low end to $95.00 on the high end. Both the median and average targets are $83.50.

Maeve Grace
Editor In Chief
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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.