Good Morning, Traders!…👋

Faraday Future Intelligent Electric Inc. (FFAI) has surged 13.08% to $1.47 in pre-market trading, following the signing of its first B2B pre-order agreement for 1,000 units of the FX Super One.

Petros Pharmaceuticals, Inc. (PTPI) is up 38.46% to $0.0180 in pre-market trades, as its proprietary technology platform aligns with the Executive Order on Rx-to-OTC reclassification reforms.

American Battery Technology Company (ABAT) is trading at $1.70, gaining 11.11% pre-market after receiving a Letter of Interest from the US EXIM Bank for $900 million in financing.

Grab Holdings Limited (GRAB) is trading at $4.94 in pre-market, up 3.13% after announcing its Q1 2025 earnings today.

Earnings Watch

Earnings roll out today from Caterpillar $CAT ( ▲ 1.08% )  , Humana $HUM ( ▲ 4.61% )  , and Etsy $ETSY ( ▲ 0.04% )  before open, plus Microsoft $MSFT ( ▲ 0.25% )  , Meta Platforms $META ( ▼ 0.55% )  , and Qualcomm $QCOM ( ▼ 0.07% )  after close.

Analysts expect Caterpillar to post $5.45 EPS with equipment demand, Humana to hit $7.12 EPS on insurance growth, Etsy at $0.62 EPS, Microsoft to deliver $3.10 EPS with cloud strength, Meta at $5.20 EPS on ad gains, and Qualcomm at $2.75 EPS—could these beats spark rallies?

Happening Today

✓ 08:30 AM ET – ADP Nonfarm Employment Change (Apr)

✓ 08:30 AM ET – GDP (QoQ) (Q1)

✓ 09:45 AM ET – Chicago PMI (Apr)

✓ 10:00 AM ET – Core PCE Price Index (MoM) (YoY) (Mar)

✓ 10:00 AM ET – Pending Home Sales (MoM) (Mar)

✓ 10:30 AM ET – Crude Oil Inventories

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

PREMARKET SNAPSHOT 📈

U.S. stock futures are mixed this morning, with the S&P 500 and Dow Jones showing modest gains, while the Nasdaq is slightly down.​

SECTOR SNAPSHOT✨

Markets edged higher across most sectors yesterday. Consumer discretionary, staples, financials, health care, and industrials all posted steady gains, while materials, real estate, and utilities also moved up. Tech and communication services saw modest increases, while energy was the only sector to dip slightly into the red.

PreMarket Unusual Volume Stocks

📈 Nvni Group Limited $NVNI is drawing strong pre-market interest, gaining over 16% with volume soaring to 9.41M shares—well above its average of 165.04K, pointing to a surge in early demand.

📈 Eightco Holdings Inc. $OCTO is also showing momentum, up nearly 17% in pre-market trade. Volume has reached 167.7K versus an average of 2.99K, reflecting a sharp spike in early activity.

📈 American Battery Technology Company $ABAT has added more than 12% pre-market, with volume at 435.93K compared to its average of 25.37K, signaling elevated trader focus this morning.

📈 GlucoTrack, Inc. $GCTK is up over 28%, trading 19.36M shares against an average of 2.98M. This sharp volume increase suggests speculative interest may be driving early moves.

📈 WW International, Inc. $WW is up 27% pre-market on 10.91M shares, compared to an average volume of 2.64M, signaling renewed attention on the stock ahead of the open.

Premarket Picks

Faraday Future Intelligent Electric Inc. (FFAI) has surged 13.08% to $1.47 in pre-market trading, following the signing of its first B2B pre-order agreement for 1,000 units of the FX Super One.

Petros Pharmaceuticals, Inc. (PTPI) is up 38.46% to $0.0180 in pre-market trades, as its proprietary technology platform aligns with the Executive Order on Rx-to-OTC reclassification reforms.

American Battery Technology Company (ABAT) is trading at $1.70, gaining 11.11% pre-market after receiving a Letter of Interest from the US EXIM Bank for $900 million in financing.

Grab Holdings Limited (GRAB) is trading at $4.94 in pre-market, up 3.13% after announcing its Q1 2025 earnings today.

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

Top Upgrades:

1. Diamondback Energy, Inc. (FANG)

Analyst Firm: BofA Securities
Analyst: Kelsey Abernathy
Rating Change: Neutral → Buy
Price Target: Raised from $202 to $216
Last Close: $135.97
Implied Upside: 25.07%

BofA Securities analyst Kelsey Abernathy upgraded Diamondback Energy to Buy, citing enhanced operational efficiencies and favorable commodity pricing trends. The price target was raised to $216, reflecting growing confidence in the company’s ability to generate strong free cash flow. According to 22 Wall Street analysts, the average 12-month price target stands at $189.00, implying a 38.31% upside from the current price of $136.65.

2. Upstart Holdings, Inc. (UPST)

Analyst Firm: BofA Securities
Analyst: Nat Schindler
Rating Change: Underperform → Neutral
Price Target: Maintained at $53
Last Close: $48.88
Implied Upside: 84.83%

BofA Securities analyst Nat Schindler upgraded Upstart Holdings from Underperform to Neutral, recognizing stabilizing credit performance and an improving macro environment as catalysts for re-rating. The average price target among 13 Wall Street analysts is $78.18, with a high forecast of $110.00 and a low of $15.00, representing a 62.54% potential gain from the current price of $48.10.

3. Cerence Inc. (CRNC)

Analyst Firm: UBS
Analyst: Danlian Kara
Rating Change: Sell → Buy
Price Target: Revised from $197 to $190
Last Close: $166.22
Implied Upside: 14.31%

UBS made a significant call on Cerence by upgrading the stock from Sell to Buy despite a slight reduction in the price target. Cerence’s repositioning in the automotive voice and AI tech segment may be regaining traction. Wall Street's consensus puts the average 12-month target at $12.10, suggesting a 29.69% upside from the current price of $9.33.

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.