Good Morning, Traders!…👋

US stock futures fell as investors digested mixed signals from the Federal Reserve and President Trump's reciprocal and additional tariffs set for April 2. Markets initially rallied after the Fed's decision on Wednesday, with the central bank sticking to its plan for two more rate cuts this year.

Fed Chair Jerome Powell also reassured investors that the economic impact of President Trump's trade war appeared manageable, with recession risks remaining low. However, by Thursday, the market sentiment shifted as the underlying concerns from the Fed’s decision became more apparent.

The central bank had updated its forecasts to reflect higher inflation and slower economic growth, both of which have deeply unsettled markets, particularly with more tariffs on the horizon. Some analysts pointed out that the last time the Fed described inflation risks as "transitory," as Powell did at a press conference on Wednesday, the result was the most aggressive rate-hike campaign the US had seen in decades.

The next significant deadline for Trump's trade policy is less than two weeks away, and Trump has given himself broad flexibility to negotiate with countries in the meantime. This adds to Wall Street's sense that, despite some reassurances, greater uncertainty remains ahead.

Happening Today

✓ 09:05 AM ET – FOMC Member Williams Speaks

✓ 03:30 PM ET – CFTC Nasdaq 100 and S&P500 speculative net positions

PREMARKET SNAPSHOT 📈

​As of March 21, 2025, U.S. stock futures indicate a mixed opening. These movements reflect ongoing market volatility influenced by global economic concerns and recent geopolitical events. ​

SECTOR SNAPSHOT✨

Yesterday markets were mixed today with a slight tilt to the downside. While energy, financials, health care, and utilities managed to close higher, most other sectors, including consumer discretionary, technology, and industrials, slipped into the red. Materials and staples also edged lower, reflecting a cautious tone across the board.

PreMarket Unusual Volume Stocks

📈 Patriot National Bancorp Inc. $PNBK ( ▲ 4.31% ) is seeing a sharp uptick in pre-market activity with 3.76M shares traded versus an average of 14K. The sudden volume spike suggests intense interest, possibly tied to news or a corporate update.

📈 GlucoTrack, Inc. $GCTK ( ▲ 28.94% ) has recorded 18.75M shares in early trading, far exceeding its 171K average. The stock’s momentum hints at strong speculative interest, likely driven by optimism around future developments.

📈 Snow Lake Resources Ltd. $LITM ( ▼ 0.06% ) is showing elevated pre-market volume at 2.06M compared to its 1.08M average. The increased attention may point to renewed interest in lithium plays or sector-related moves.

📈 TransCode Therapeutics, Inc. $RNAZ ( ▲ 9.27% ) has traded 1.47M shares pre-market, up from its typical 840K. The biotech stock is gaining traction, likely attracting traders looking to capitalize on potential short-term catalysts.

📈 TEN Holdings, Inc. $XHLD ( ▼ 21.7% ) is maintaining activity with 2.64M shares exchanged, slightly under its 3.43M average. While not a breakout, the steady volume reflects sustained investor engagement in the name.

Premarket Picks

Shares of Allurion Technologies Inc. (NYSE: ALUR) rose by 39.47%, climbing to $3.18 after the company disclosed initial findings from its combination of the Allurion Program with low-dose GLP-1 therapy, aimed at optimizing muscle mass and enhancing GLP-1 adherence.

Patriot National Bancorp Inc. (PNBK) experienced a significant pre-market surge of 38.68%, reaching $1.47, following the announcement of a private placement exceeding $50 million.

Ouster Inc. (OUST), a leader in electronic components, gained 8.95%, reaching $9.13 in pre-market trading on Friday, after announcing record revenue for both the fourth quarter and the full fiscal year 2024.

Luminar Technologies Inc. (LAZR) saw an 8.44% increase, reaching $6.81 in pre-market trading, following the release of a positive Q4 2024 business update and financial performance report.

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

Top Upgrades:

1. Danaher Corporation $DHR ( ▼ 2.25% ) 

Analyst Firm: Goldman Sachs
Upgraded: Neutral to Buy
Price Target: $260
Yesterday's Close: $210.25

Goldman Sachs raised Danaher's rating from Neutral to Buy, setting a price target of $260. Danaher Corporation’s stock price target ranges from $240.00 to $310.00, with a median of $265.00 and an average of $266.00. The company designs, manufactures, and markets professional, medical, research, and industrial products and services across the U.S., China, and globally.

2. Celanese Corporation $CE ( ▼ 1.92% ) 

Analyst Firm: KeyBanc
Upgraded: Sector Weight to Overweight
Price Target: $76
Yesterday's Close: $56.82

KeyBanc analyst Aleksey Yefremov upgraded Celanese from Sector Weight to Overweight, with a price target of $76. Celanese Corporation’s stock price target varies from a low of $46.00 to a high of $85.00, with a median of $59.50 and an average of $61.85. Celanese is a global leader in manufacturing engineered polymers and specialty materials sold worldwide.

3. Host Hotels & Resorts, Inc. $HST ( ▲ 1.62% )  

Analyst Firm: Morgan Stanley
Upgraded: Underweight to Equal Weight
Price Target: $15
Yesterday's Close: $14.96

Morgan Stanley upgraded Host Hotels from Underweight to Equal Weight, setting a price target of $15. Host Hotels & Resorts has a stock price target ranging from $15.00 to $22.00, with a median of $20.00 and an average of $19.47. As the largest lodging real estate investment trust in the S&P 500, Host Hotels owns a large portfolio of luxury and upper-upscale hotels.

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.