Good Morning, Traders!…👋

Stocks remained largely flat on Tuesday as the market awaited further clarity from President Donald Trump on the rollout of his tariff policies.

Traders are expected to gain more insight into the situation on Wednesday, April 2, when the White House is anticipated to announce reciprocal tariffs on goods from almost all countries. Investors had been hoping for a more focused approach to administering the tariffs.

The ongoing uncertainty has caused stocks to experience significant fluctuations. On Monday, the S&P 500 hit a six-month low before rebounding. The index ended the first quarter with a 4.6% loss, while the Nasdaq Composite fell 10%, marking the worst quarterly performance for both benchmarks since 2022. The Dow dropped 1.3% in the first three months of the year.

However, the outlook may improve as we head into the second quarter, with the S&P 500's recovery on Monday suggesting a potential shift, according to Scott Wren, senior global market strategist at Wells Fargo Investment Institute.

Happening Today

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

✓ 10:00 AM ET – ISM Manufacturing PMI and Prices (Mar)

✓ 10:00 AM ET – JOLTS Job Openings (Feb)

✓ 01:00 PM ET – Atlanta Fed GDPNow (Q1)

PREMARKET SNAPSHOT 📈

U.S. stock futures are down ahead of the anticipated announcement of new tariffs by President Trump on April 2, dubbed "Liberation Day." The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite have all experienced declines, reflecting investor apprehension about the potential economic impact of these trade measures. Analysts express concern that the tariffs could lead to increased inflation and dampened economic growth, with Goldman Sachs raising the probability of a U.S. recession to 35%. As markets react to these developments, investors are advised to exercise caution and consider the potential implications for their portfolios.​

SECTOR SNAPSHOT✨

Yesterday markets staged a solid rebound with nearly all sectors finishing higher. Financials, energy, and utilities posted strong gains, while consumer staples and health care also advanced. Industrials, materials, and real estate saw healthy upticks, and tech held steady after recent weakness. Consumer discretionary lagged slightly but losses were minimal, helping the overall tone remain broadly positive.

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PreMarket Unusual Volume Stocks

📈 bioAffinity Technologies, Inc. $BIAF ( ▼ 0.73% )  is dominating the pre-market with an explosive move—29.34M shares traded compared to its average volume of 62.8K, marking a surge of over 46,000%. The stock is up more than 133%, signaling strong interest possibly driven by a breakthrough development or news release.

📈 iCoreConnect Inc. $ICCT ( ▲ 653.96% )  continues its rally with 16.19M shares traded in the pre-market, far exceeding its average of 164.6K. The stock has climbed nearly 50%, keeping momentum alive and indicating continued investor enthusiasm around recent catalysts.

📈 SharpLink Gaming, Inc. $SBET ( ▲ 7.74% )  is showing unusual volume activity with 1.08M shares traded versus its 35.3K average—a jump of nearly 3,000%. With a 24% price increase, the gaming-related stock is attracting speculative attention this morning.

📈 Cloudastructure, Inc. $CSAI ( ▼ 9.76% )  has caught pre-market attention with 343.46K shares traded compared to its 27.7K average, up more than 1,150%. The 35% price jump could reflect strong interest around AI or security-related developments.

📈 MicroCloud Hologram Inc. $HOLO ( ▲ 1.64% )  is seeing steady early action, trading 717.65K shares versus a 380.4K average. While the 6% gain is modest compared to others, the consistent volume hints at ongoing interest in the stock.

Premarket Picks

bioAffinity Technologies, Inc. (BIAF) saw a notable surge in its stock price, rising 122.50% to a pre-market price of $0.58. This spike follows the company’s announcement of record revenue of $9.4 million for 2024, which significantly contributed to the increase.

Microvast Holdings, Inc. (MVST) experienced a pre-market surge of 22.22%, with its stock price reaching $1.43. The surge followed the company’s release of its 2024 financial results, showing a 23.9% year-over-year revenue increase to $379.8 million. Additionally, the company achieved a record quarterly revenue of $113.4 million in Q4 2024, marking an 8.4% growth compared to the previous year.

Nutex Health Inc. (NUTX) stock price surged 42.55% to a pre-market value of $67.04. The increase came after the company announced its fourth-quarter and full-year financial results for 2024. Nutex Health reported a 93.8% year-over-year revenue growth, reaching $479.9 million, compared to $247.6 million in 2023.

Cloudastructure Inc. (CSAI) saw its stock price jump 32.21% to $5.87 in pre-market trading. This surge followed the company’s announcement of its 2024 year-end results, which revealed a 124% increase in revenue compared to the previous year and the achievement of a positive gross profit.

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

Top Upgrades:

1. Enova International, Inc. $ENVA ( ▲ 0.47% )  

Analyst Firm: TD Cowen
Upgraded: Hold to Buy
Price Target: $117
Yesterday's Close: $96.56

TD Cowen raised Enova International's rating from Hold to Buy, setting a price target of $117. Enova International, a tech and analytics company, provides online financial services in the U.S., Brazil, and globally. Analyst estimates for the stock price target range from a high of $138.00, a median of $130.00, to a low of $109.00. The average stock price target stands at $129.57.

2. First Watch Restaurant Group, Inc. $FWRG ( ▼ 1.25% ) 

Analyst Firm: TD Cowen
Upgraded: Hold to Buy
Price Target: $22
Yesterday's Close: $16.65

TD Cowen analyst Andrew Charles increased his rating for First Watch Restaurant from Hold to Buy, with a new price target of $22, up from $21. First Watch Restaurant Group operates and franchises restaurants under the First Watch name across the U.S. Through its subsidiaries, the company has set stock price targets with a high of $28.00, a median of $24.00, and a low of $18.00. The average stock price target is $23.40.

3. Sabre Corporation $SABR ( ▼ 8.17% ) 

Analyst Firm: Bernstein
Upgraded: Underperform to Market Perform
Price Target: $3.50
Yesterday's Close: $2.81

Bernstein upgraded Sabre from Underperform to Market Perform, with a price target of $3.50. Sabre Corporation is a leading software and tech company serving the travel industry worldwide, including the U.S., Europe, and Asia-Pacific. Analysts have set a high price target of $7.25, a median of $4.50, and a low of $3.50. The average stock price target is $4.97.

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.