Good Morning, Traders!…👋

U.S. stock futures were broadly steady on Tuesday following two days of gains, as investors, concerned about an economic slowdown, looked to the Federal Reserve’s policy meeting for further insight.

Wall Street’s focus is now on the Fed's two-day policy meeting, which kicks off today. Chair Jerome Powell has emphasized that the central bank will exercise caution when considering interest rate cuts, focusing on the latest economic data. The Fed is largely expected to keep rates steady when it announces its decision on Wednesday.

On the economic front, the Commerce Department is set to release housing starts data for February on Tuesday.

Crude oil futures rallied for a third consecutive day on Tuesday after Israeli military strikes on Gaza heightened tensions in the Middle East.

Meanwhile, gold (GC=F) continues to hover near its $3000 all-time high, with haven demand rising globally as market volatility rattles investors.

Happening Today

✓ 08:30 AM ET – Building Permits (Feb)

✓ 08:30 AM ET – Import & Export Price Index (MoM) (Feb)

✓ 09:15 AM ET – Industrial Production (YoY) (Feb)

✓ 10:00 AM ET – Business Inventories (MoM) (YoY) (Jan)

✓ 01:00 PM ET – 20-Year Bond Auction

PREMARKET SNAPSHOT 📈

U.S. stock index futures are mixed ahead of the Federal Reserve's meeting, with the S&P 500 and Dow showing slight declines, while the Nasdaq indicates a modest increase.

SECTOR SNAPSHOT✨

Yesterday markets maintained their upward momentum, with most sectors posting gains. Energy, healthcare, and financials led the way, while industrials and real estate also saw strong advances. Consumer staples performed well, while information technology and communication services edged higher. Consumer discretionary was the only sector to decline slightly.

PreMarket Unusual Volume Stocks

📈 Genprex, Inc. $GNPX ( ▲ 56.37% ) is seeing a substantial increase in pre-market activity, with 15.51M shares traded compared to its 1.53M average. The strong volume surge suggests heightened investor interest, likely driven by sector momentum or upcoming catalysts.

📈 Aclarion, Inc. $ACON ( ▲ 8.75% ) is showing elevated pre-market trading, with 791.25K shares changing hands versus its 189.51K average. The stock's movement indicates growing speculation ahead of market hours.

📈 Canopy Growth Corporation $CGC ( ▼ 2.94% ) is gaining attention in early trading, with 208.2K shares traded against its 96.37K average. The cannabis sector stock is attracting buyers, possibly on broader market sentiment.

📈 Kingsoft Cloud Holdings Limited $KC ( ▲ 4.0% ) is experiencing a pre-market surge, trading 127.34K shares compared to its 67.64K average. The cloud computing stock's movement suggests increased institutional or retail interest.

📈 Arbe Robotics Ltd. $ARBE ( 0.0% ) is seeing strong volume early on, with 612.86K shares traded versus its 456.06K average. The spike in activity signals potential volatility for the session ahead.

Premarket Picks

Snow Lake Resources Ltd. (LITM) saw a pre-market surge of 17.49%, with its stock price rising to $0.48. The increase follows the company's announcement that its board of directors has approved a share repurchase program of up to US$10 million, aimed at enhancing shareholder value and boosting its market presence.

Harrow, Inc. (HROW) stock jumped 22.21% to a pre-market price of $28.50 after the company released its unaudited preliminary financial results for the fourth quarter and full year of 2024. In addition, Harrow provided revenue guidance for 2025 and introduced the VEVYE® Access for All initiative, emphasizing its commitment to improving access and affordability in healthcare.

Inspire Veterinary Partners, Inc. (IVP) experienced an 8.46% pre-market surge, with shares reaching $2.18. This increase followed the announcement that the company has entered into a non-binding letter of intent to acquire 100% ownership of an animal hospital located in central Florida, marking a strategic expansion.

Bon Natural Life Limited (BON) saw a pre-market surge of 13.90%, with its stock price climbing to $0.70. The rise follows the company’s announcement of a $12 million best efforts offering, which is expected to strengthen its financial position and support its growth plans.

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

Top Upgrades:

1. Ralph Lauren Corporation $RL ( ▲ 1.18% )  

Analyst Firm: Goldman Sachs
Upgraded: Neutral to Buy
Price Target: $286
Monday's Close: $220.02

Goldman Sachs analyst Brooke Roach raised Ralph Lauren's rating from Neutral to Buy, increasing the price target to $286 from $280. Ralph Lauren Corporation (RL) has a stock price target with a high of $348.00, a median of $310.00, a low of $197.00, and an average of $306.20. The company designs, markets, and distributes lifestyle products across North America, Europe, Asia, and internationally.

2. Sana Biotechnology, Inc. $SANA ( ▲ 15.33% )  

Analyst Firm: Citizens JMP
Upgraded: Market Perform to Outperform
Price Target: $5
Monday's Close: $2.77

Citizens JMP upgraded Sana Biotechnology from Market Perform to Outperform, setting a price target of $5. Sana Biotechnology, Inc. (SANA) has a stock price target with a high of $16.00, a median of $7.00, a low of $5.00, and an average of $9.40. The company focuses on utilizing engineered cells as medicines.

3. Duolingo, Inc. $DUOL ( ▲ 1.41% )  

Analyst Firm: Citizens JMP
Upgraded: Market Perform to Outperform
Price Target: $400
Monday's Close: $294.18

Citizens JMP also upgraded Duolingo from Market Perform to Outperform, with a new price target of $400. Duolingo, Inc. (DUOL) has a stock price target with a high of $430.00, a median of $397.00, a low of $330.00, and an average of $388.89. Duolingo operates as a mobile learning platform in the United States, the United Kingdom, and internationally.

Happy investing,

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.