Good Morning, Traders!…👋

U.S. stocks appear set for a rebound following Monday’s steep sell-off, which saw the S&P 500 drop 2.4%. Futures tied to the benchmark were up 1% early Tuesday, with major tech names bouncing back in premarket action after a tough previous session.

Despite the early optimism, investor caution remains elevated. Traditional safe-haven assets like gold and the Japanese yen gained ground. Gold soared past $3,500 a troy ounce, hitting a record intraday high as uncertainty swirled around escalating trade tensions and political pressure on the Federal Reserve.

Market jitters intensified Monday as President Trump doubled down on his criticism of Fed Chair Jerome Powell and reiterated his call for rate cuts. The turmoil sent the Dow Jones Industrial Average toward its worst April performance since 1932.

Earnings Watch

Earnings hit today from Lockheed Martin $LMT ( ▲ 2.32% )  , Verizon $VZ ( ▼ 2.1% )  , and Danaher $DHR ( ▲ 0.33% )  before open, plus Tesla $TSLA ( ▲ 9.8% )  and Enphase $ENPH ( ▲ 2.36% )  after close.

Analysts expect Lockheed to post $6.45 EPS with defense strength, Verizon to deliver $1.14 EPS, Danaher to hit $1.75 EPS on biotech gains, Tesla at $0.62 EPS with EV buzz, and Enphase at $0.49 EPS.

Happening Today

✓ 09:00 AM ET – FOMC Member Harker Speaks

✓ 01:00 PM ET – 2-Year Note Auction

✓ 02:00 PM ET – FOMC Member Kashkari Speaks

PREMARKET SNAPSHOT 📈

U.S. stock futures are slightly higher ahead of the open, with the S&P 500, Dow, and Nasdaq all showing modest gains.

SECTOR SNAPSHOT✨

Markets took a sharp turn lower across the board yesterday, with all 11 sectors finishing in the red. Information technology, consumer discretionary, and energy were among the hardest hit, each dropping over 2.5%. Financials, healthcare, and industrials also posted significant losses, reflecting broad-based risk-off sentiment. Defensive sectors like consumer staples and utilities couldn't escape the downturn either, as selling pressure persisted throughout the session.

PreMarket Unusual Volume Stocks

📈 Gelteq Limited $GELS ( ▼ 18.1% )  is dominating the pre-market with a surge of over 500%. Trading volume has exploded to 17.11M shares, compared to its average of 114.15K, indicating extremely unusual activity and heavy early demand.

📈 Meiwu Technology Company Limited $WNW ( ▲ 11.17% )  is gaining strong momentum, rising more than 30% in pre-market hours. Volume has spiked to 5M, far surpassing its average of 34.38K, a clear signal of speculative interest.

📈 Beyond Air, Inc. $XAIR ( ▲ 3.67% )  is modestly up in early action, climbing over 5%. With 7.33M shares traded vs an average of 183.62K, the stock is experiencing a substantial volume breakout worth watching.

📈 MicroAlgo, Inc. $MLGO ( ▼ 8.86% )  is showing strength with a 7% pre-market gain. Volume is at 684.66K, well ahead of its 32.71K average—suggesting growing interest and potential for further upside.

📈 MicroCloud Hologram Inc. $HOLO ( ▼ 15.84% )  is climbing over 23% in early trading. Although volume stands at 112.48K, that’s nearly double its 38.20K average, signaling an uptick in momentum.

Premarket Picks

Standard Lithium Ltd. (SLI) shares soared 37.14% in pre-market trading, climbing to $1.92. The rally came after the company's South West Arkansas (SWA) Project—part of the Smackover Lithium initiative in partnership with Equinor—was named among the first critical mineral production projects selected for development.

Beyond Air, Inc. (XAIR) is trading at $0.2460 in pre-market, up 6.40%, after its subsidiary NeuroNOS received FDA Orphan Drug Designation for BA-102, a treatment for Phelan-McDermid Syndrome, a neurodevelopmental disorder linked to autism.

Meiwu Technology (WNW) is trading at $1.7800 in pre-market, up 43.55%, after announcing it has regained compliance with Nasdaq’s minimum bid price requirement, ensuring continued listing on the exchange.

Mullen Automotive, Inc. (MULN) is trading at $0.9549 in pre-market, up 9.76%, after announcing a $1.4 million order for 20 Mullen THREE Class 3 electric trucks from Cashflow on Wheels, a logistics company serving FedEx and Amazon, with fulfillment by Pritchard Automotive.

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

Top Upgrades:

1. Church & Dwight Co., Inc. $CHD ( ▼ 0.9% )  

Analyst Firm: BofA Securities
Analyst: Anna Lizzul
Upgrade: Neutral → Buy
Price Target: $125
Last Close: $103.14

BofA Securities analyst Anna Lizzul upgraded Church & Dwight from Neutral to Buy, raising the firm's price target to $125. The upgrade reflects growing confidence in the company's fundamentals and growth trajectory, particularly within its consumer health and household product lines.

According to 15 Wall Street analysts offering 12-month price targets for CHD over the past three months, the stock has an average price target of $112.21, with a high estimate of $126.00 and a low estimate of $94.00. These projections imply an average upside potential of approximately 8.79% from the last closing price.

2. Element Solutions Inc. $ESI ( ▼ 1.61% ) 

Analyst Firm: BofA Securities
Analyst: Steve Byrne
Upgrade: Neutral → Buy
Price Target: $24
Last Close: $18.00

BofA Securities analyst Steve Byrne has upgraded Element Solutions Inc. from Neutral to Buy, assigning a new price target of $24. The upgrade reflects a positive outlook on the company's strategic positioning and earnings momentum within specialty chemicals.

According to eight Wall Street analysts covering the stock over the past three months, the average 12-month price target stands at $27.38, with forecasts ranging from a high of $34.00 to a low of $23.00. This suggests an average upside potential of approximately 52.11% from the last closing price.

3. Intellia Therapeutics, Inc. $NTLA ( ▲ 1.59% )  

Analyst Firm: Wolfe Research
Analyst: Andy Chen
Upgrade: Peer Perform → Outperform
Price Target: $21
Last Close: $7.92

Wolfe Research analyst Andy Chen has upgraded Intellia Therapeutics to Outperform from Peer Perform, assigning a new price target of $21. The upgrade comes amid renewed optimism surrounding the company’s gene-editing pipeline and its long-term therapeutic potential.

Over the past three months, 19 Wall Street analysts have issued 12-month price targets for Intellia, with the average target at $34.00. Forecasts range from a high of $74.00 to a low of $9.00. The average target implies an upside of approximately 329.29% from the most recent closing price.

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.