Good Morning, Traders!…👋

U.S. stock futures slipped on Tuesday as hopes for a quick resolution to the Israel-Iran conflict faded. President Trump dismissed the likelihood of a truce, and both sides continued to exchange strikes, raising fears of a deeper regional escalation.

Despite the tension, U.S. stocks closed higher on Monday after reports surfaced suggesting Iran may be open to a ceasefire and renewed nuclear talks. But optimism was short-lived. Trump’s late-night call for the evacuation of Tehran and his abrupt departure from the G7 summit rattled investors already wary of conflict expansion.

Oil prices surged on the news, with Brent crude climbing above $74 per barrel and West Texas Intermediate approaching $73.

Beyond the Middle East, Wall Street is also digesting uncertainty over U.S. trade policy and the Federal Reserve’s next move on interest rates. With sweeping tariffs set to take effect soon, trade talks at the G7 summit are in focus. On Monday, the first breakthrough came as Trump and U.K. Prime Minister Keir Starmer confirmed a finalized trade agreement.

Earnings Watch

Earnings hit today from Jabil $JBL, Wiley $WLY, and Tenaris $TEN before open, plus La-Z-Boy $LZB and Vistagen $VTGN after close.

Analysts expect JBL to post $2.12 EPS with electronics strength, WLY to hit $0.95 EPS, TEN at $0.39 EPS, LZB to deliver $0.69 EPS with furniture demand, and VTGN at -$0.45 EPS

Happening Today

✓ 08:30 AM ET – Retail Sales (MoM) (May)

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

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

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

✓ 01:00 PM ET – 5-Year TIPS Auction

✓ 01:00 PM ET – Atlanta Fed GDPNow (Q2)

✓ 04:30 PM ET – API Weekly Crude Oil Stock

PREMARKET SNAPSHOT 📈

U.S. equity futures opened lower this morning as escalating Middle East tensions, driven by Israel–Iran hostilities and President Trump’s evacuation warning for Tehran, triggered a sharp rise in oil and a flight to safe‑haven assets. Additionally, markets remain cautious ahead of tomorrow’s Federal Reserve meeting amid uncertainty over global growth following the BOJ’s bond‑taper pause.

SECTOR SNAPSHOT✨

Stocks bounced back as gains in technology, consumer discretionary, and communication services led the rebound. Financials, materials, and industrials also posted solid advances, helping to offset losses in energy, health care, and utilities. The market saw a generally positive tone, driven by strength in growth-oriented sectors.

PreMarket Unusual Volume Stocks

📈 Salarius Pharmaceuticals, Inc. $SLRX is making waves with a massive +96.77% pre-market surge on volume of 14.88M, up over 15,800% from average levels. The biotech stock is drawing strong interest—likely fueled by investor buzz around new clinical or regulatory developments.

📈 Reliance Global Group, Inc. $RELI is up +15.25% with volume at 1.28M, surging over 15,200%. This outsized activity suggests traders are piling in early, potentially speculating on company-specific momentum or a breakout move.

📈 Jianzhi Education Technology Group $JZ is seeing a solid +25.17% gain in pre-market action, with 489.82K shares traded, reflecting a 13,700%+ spike in volume. This jump could be signaling institutional accumulation or an early reaction to overseas catalysts.

📈 INNEOVA Holdings Limited $INEO popped +33.33%, with volume at 555.66K, up 835%. A sharp pre-market climb on rising volume hints at renewed market attention and could reflect investor positioning ahead of a news cycle.

📈 Immuneering Corporation $IMRX gained +31.22% pre-market on 5.57M shares, a volume increase of over 828%. The strong move suggests investor optimism may be tied to pipeline speculation or broader biotech momentum.

Premarket Picks

XCF Global, Inc. (SAFX) is making headlines with a 59.27% pre-market surge, trading at $3.52. The jump follows the announcement of its newly appointed Board of Directors, marking a major milestone after completing its business combination and debuting on Nasdaq under the ticker SAFX.

BGSF, Inc. (BGSF) is up 40.67% pre-market, priced at $5.68, after revealing a definitive agreement for INSPYR Solutions to acquire its professional division in a $99 million deal.

Robin Energy Ltd. (RBNE) rose 15.76% in pre-market trading to $6.39, driven by news of a $5.1 million registered direct offering priced at-the-market under Nasdaq Rules.

Salarius Pharmaceuticals, Inc. (SLRX) leads the pack with a 112.52% pre-market gain, trading at $1.34, after the company filed a Form S-1/A with the SEC—sparking investor interest.

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

Top Upgrades:

1. Roku, Inc. (ROKU)

Analyst Firm: Loop Capital
Upgraded: Hold to Buy
Price Target: $100
Yesterday's Close: $82.17

Alan Gould, an analyst at Loop Capital, raised his rating on Roku (ROKU) from Hold to Buy and increased the stock’s price target from $80 to $100. Roku, a leading TV streaming platform operating both in the U.S. and internationally, has received a range of analyst price targets. The high estimate sits at $130.00, while the low is $60.00. The median price target is $85.00, with an average estimate of $88.06.

2. Alkermes plc (ALKS)

Analyst Firm: UBS
Upgraded: Neutral to Buy
Price Target: $42
Yesterday's Close: $29.42

UBS analyst Ashwani Verma upgraded Alkermes from Neutral to Buy, boosting the price target to $42 from the previous $33. Alkermes, a global biopharmaceutical company focused on treating unmet medical needs, has a high analyst target of $52.00 and a low of $30.00. The median target is $40.00, and the average comes in at $39.93.

3. AAON, Inc. (AAON)

Analyst Firm: Sidoti
Upgraded: Neutral to Buy
Price Target: $95
Yesterday's Close: $73.71

Julio Romero, an analyst at Sidoti, changed his rating on Aaon from Neutral to Buy and set a price target of $95. AAON designs and manufactures HVAC systems in the U.S. and Canada. Analyst targets range from a low of $90.00 to a high of $125.00. The median target is $98.50, with an average estimate of $103.

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.