Good Morning, Traders!…👋

U.S. stock index futures rallied Tuesday after President Donald Trump walked back his threat to impose steep tariffs on European Union imports, calming tensions between Washington and Brussels as traders returned from the Memorial Day holiday.

Trump confirmed Sunday that he would delay the proposed 50% tariff until July 9, allowing more time for negotiations with the 27-nation bloc. This reversed Friday’s announcement, where the president said tariffs could take effect as soon as June 1 due to stalled talks.

Markets are also eyeing a packed economic calendar. The May consumer confidence report is due shortly after the opening bell Tuesday. Later in the week, investors will digest the Fed’s latest meeting minutes, a second estimate of Q1 GDP, and Friday’s release of the Personal Consumption Expenditures (PCE) index—the Fed’s preferred inflation gauge.

Several Fed officials are slated to speak this week. On Tuesday, Minneapolis Fed President Neel Kashkari said rates should remain unchanged until the economic impact of higher tariffs becomes clearer.

Earnings Watch

Earnings roll out today from PDD Holdings $PDD, AutoZone $AZO, and Bank of Nova Scotia $BNS before open, plus Okta $OKTA and HEICO $HEI after close.

Analysts expect PDD to post $2.61 EPS with e-commerce strength, AZO to hit $37.11 EPS on auto parts demand, BNS at $1.14 EPS, OKTA at $0.78 EPS with cybersecurity growth, and HEI at $0.98 EPS.

Happening Today

✓ 08:30 AM ET – Durable Goods Orders (MoM) (Apr)

✓ 10:00 AM ET – CB Consumer Confidence (May)

✓ 11:30 AM ET – Atlanta Fed GDPNow (Q2)

✓ 12:00 PM ET – 2-Year Note Auction

✓ 08:00 PM ET – FOMC Member Williams Speaks

✓ 10:10 PM ET – Fed Waller Speaks

PREMARKET SNAPSHOT 📈

U.S. equity futures surged this morning following President Trump's decision to delay imposing 50% tariffs on European Union imports until July 9, easing trade tensions and boosting market sentiment .

SECTOR SNAPSHOT✨

Markets remained under pressure yesterday as losses spread across most sectors. Information technology and consumer discretionary led the pullback, while communication services and financials also ended lower. Health care, industrials, and materials posted modest declines. On the upside, utilities outperformed with a strong gain, while consumer staples, energy, and real estate edged slightly higher, offering some balance in an otherwise cautious session.

PreMarket Unusual Volume Stocks

📈 Digital Ally, Inc. $DGLY is showing early strength with a 10% gain and trading volume of over 418K—soaring more than 49,000% above its average. This sharp spike signals aggressive pre-market interest, possibly fueled by retail momentum or a pending catalyst.

📈 SCWorx Corp. $WORX is surging over 60% in pre-market trading with nearly 28 million shares traded—more than 7,800% above average. The action suggests strong speculative interest, likely driven by a low float and bullish sentiment.

📈 E-Home Household Service Holdings Limited $EJH is up 51% pre-market on volume of 83.6 million, a massive 4,800% increase from normal levels. The stock appears to be catching momentum from micro-cap traders and short-term speculators.

📈 SharpLink Gaming, Inc. $SBET is jumping nearly 57% with volume exceeding 700K, up over 2,400% from its average. The gaming tech company is clearly on radar, potentially due to sector buzz or news anticipation.

📈 IN8bio, Inc. $INAB is up more than 8% pre-market with volume 230% higher than usual. Though modest compared to others, the uptick suggests a buildup in early interest—possibly ahead of biotech developments.

Premarket Picks

Biodesix, Inc. (BDSX) rose 7.03% pre-market to $0.3667 following the release of new data on its VeriStrat Test. 

Uranium Energy Corp. (UEC) climbed 6.96% pre-market to $6.90 amid momentum from Trump Administration executive orders to expand U.S. nuclear capacity. 

Jeffs' Brands Ltd (JFBR) gained 5.63% pre-market to $0.80.28 as it gears up for the launch of Fort's AI-driven pest control app. 

Canaan Inc. (CAN) advanced 6.53% pre-market to $0.6750 after disclosing a share purchase program announcement.

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

Top Upgrades:

1. PLAYSTUDIOS, Inc. (MYPS)

Analyst Firm: Craig-Hallum
Upgraded: Hold to Buy
Price Target: $3
Friday's Close: $1.41

PLAYSTUDIOS develops and publishes free-to-play casual games for mobile and social platforms, serving users in the U.S. and internationally. Analysts have set a high price target of $5.00, a low of $1.50, and a median of $2.00, with an average target of $2.83.

2. Sonoco Products Company (SON)

Analyst Firm: Wells Fargo
Upgraded: Underweight to Overweight
Price Target: $65
Friday's Close: $45.69

Sonoco Products manufactures industrial and consumer packaging products and services. Analyst estimates place the stock’s high target at $65.00, low at $50.00, with a median of $55.50 and an average of $57.38.

3. Fulcrum Therapeutics, Inc. (FULC)

Analyst Firm: Leerink Partners
Upgraded: Market Perform to Outperform
Price Target: $12
Friday's Close: $6.44

Fulcrum Therapeutics is a clinical-stage biopharma company focused on small-molecule therapies for genetic diseases with high unmet needs. Analysts have set the high price target at $12.00, low at $2.00, median at $6.00, and an average of $7.14.

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.