Good Morning, Traders!…👋

U.S. stock futures climbed sharply Monday after officials confirmed that the U.S. and China had agreed to slash most tariffs for 90 days while further negotiations continue. The early surge builds on momentum from the weekend, when the U.S. reported “substantial progress” in trade talks — fueling optimism of a meaningful de-escalation between the world’s top two economies.

Markets gained further ground after Treasury Secretary Scott Bessent announced that both sides had reached a deal to pause and reduce tit-for-tat tariffs by 115% over the 90-day period.

Traders now turn their focus to key inflation readings this week, with April’s Consumer Price Index due Tuesday, followed by retail sales and the Producer Price Index on Thursday.

Earnings Watch

Earnings roll out today from NRG Energy $NRG, Fox Corporation $FOXA, and Monday.com $MNDY before open, plus DaVita $DVA and Rigetti Computing $RGTI after close.

Analysts expect NRG to post $1.80 EPS with energy demand, FOXA to hit $0.90 EPS on media strength, MNDY at $0.49 EPS, DVA at $1.80 EPS with healthcare gains, and RGTI at -$0.08 EPS with quantum buzz—could these beats spark rallies?

Happening Today

✓ 12:00 PM ET – WASDE Report

✓ 02:00 PM ET – Federal Budget Balance (Apr)

PREMARKET SNAPSHOT 📈

U.S. equity futures surged this morning following a significant de-escalation in trade tensions between the U.S. and China. Both nations announced a 90-day pause on new tariffs and agreed to reduce existing tariffs substantially, with the U.S. lowering tariffs on Chinese imports from 145% to 30%, and China reducing its tariffs on U.S. goods from 125% to 10%.

SECTOR SNAPSHOT✨

Markets saw a modestly positive session, with consumer discretionary, energy, and real estate leading the gains. Industrials and materials inched higher, while financials were flat. On the downside, healthcare and consumer staples slipped, and communication services posted a mild decline. Tech held steady, ending unchanged.

PreMarket Unusual Volume Stocks

📈 Next Technology Holding Inc. $NXTT is soaring 99.15% with a massive 24.51M shares traded pre-market — a staggering 578,215% surge in volume. This breakout suggests significant speculative momentum, likely fueled by retail hype or upcoming announcements.

📈 Taoping Inc. $TAOP is up 22.97%, trading 41.02M shares versus typical activity — a 18,530% spike. The volume explosion indicates sharp trader interest, possibly due to microcap rotation or technical breakout signals.

📈 LQR House Inc. $YHC is up an impressive 257.29% on 11.03M shares — that’s a 10,299% jump in volume. The move points to aggressive accumulation, with traders likely reacting to recent company developments or M&A speculation.

📈 Top Wealth Group Holding Limited $TWG is up modestly 5.40%, but volume has surged to 2.27M, up 1,729%. The volume-action divergence may indicate early positioning ahead of news or swing setups.

📈 BTCS Inc. $BTCS has climbed 5.14% with 1.75M shares traded — an 880% increase. The crypto-related name could be moving in sympathy with digital asset volatility or sector tailwinds.

Premarket Picks

Gryphon Digital Mining (GRYP) surged 193.23% pre-market to $1.53 after announcing a merger with American Bitcoin.

Canaan Inc. (CAN) rose 16.48% pre-market to $0.8720 following the announcement of its Q1 2025 financial results release date.

Hims & Hers Health (HIMS) climbed 10.01% pre-market to $57.16 after an upsized equity offering.

Microvast Holdings (MVST) gained 8.18% pre-market to $2.38 ahead of its Q1 earnings report release today.

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

Top Upgrades:

1. Federal Signal Corporation (FSS)

Analyst Firm: KeyBanc
Analyst: Steve Barger
Rating Change: Sector Weight → Overweight
Price Target: Increased from $71 to $110
Last Close: $89.56
Implied Upside: 22.82%

KeyBanc Capital Markets upgraded Federal Signal to Overweight and significantly raised the price target to $110. The upgrade reflects increased confidence in the company’s municipal and industrial equipment demand. The average analyst price target is $99.67, suggesting continued bullish sentiment on Federal Signal’s growth trajectory.

2. National Vision Holdings, Inc. (EYE)

Analyst Firm: Citigroup
Analyst: Paul Lejuez
Rating Change: Neutral → Buy
Price Target: Raised from $13 to $21
Last Close: $17.60
Implied Upside: 19.32%

Citigroup upgraded National Vision to Buy and lifted its price target to $21, citing recovery in retail foot traffic and resilient consumer spending in essential health categories. The average price target is $18.17, with analysts maintaining a cautiously optimistic view on EYE's fundamentals.

3. PTC Therapeutics, Inc. (PTCT)

Analyst Firm: BofA Securities
Analyst: Tazeen Ahmad
Rating Change: Neutral → Buy
Price Target: Increased from $55 to $88
Last Close: $44.50
Implied Upside: 62.81%

Bank of America upgraded PTC Therapeutics to Buy, lifting its price target to $88 amid growing optimism around its gene therapy pipeline and recent regulatory milestones. The average analyst price target is $62.58, pointing to strong conviction in the stock’s rebound potential.

Happy investing,

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.