Good Morning, Traders!…👋

Stock futures rose Wednesday as investors responded to a mix of global trade optimism and market data. Futures tied to the Dow industrials, S&P 500, and Nasdaq-100 all posted gains, recovering from Tuesday’s losses, marking a second straight down day for the indexes.

Benchmark U.S. Treasury yields edged higher, settling at 4.305% after Tuesday’s dip. Gold futures also edged lower, pulling back from a record high set earlier this week.

Investor sentiment was bolstered by signs that the U.S. and China may be ready to resume trade talks, prompting stock futures to gain early on Wednesday.

The Federal Reserve is expected to hold interest rates steady later Wednesday. Investors will be closely watching comments from Fed Chair Jerome Powell for insights on how policymakers are balancing inflation risks from tariffs and shortages against concerns of a potential economic slowdown.

Earnings Watch

Earnings roll out today from Uber $UBER ( ▲ 1.81% ), Disney $DIS ( ▲ 1.07% )  , and Novo Nordisk $NVO ( ▼ 2.69% )  before open, plus Arm Holdings $ARM ( ▲ 2.17% )  and MercadoLibre $MELI ( ▼ 0.06% )  after close.

Analysts expect Uber to post $0.45 EPS with ride-sharing strength, Disney to hit $1.12 EPS on streaming gains, Novo at $0.92 EPS, Arm at $0.35 EPS with AI chip buzz, and MercadoLibre at $10.12 EPS—could these beats spark rallies?

Happening Today

✓ 10:30 AM ET – Crude Oil Inventories

✓ 02:00 PM ET – FOMC Statement

✓ 02:00 PM ET – Fed Interest Rate Decision

✓ 02:30 PM ET – FOMC Press Conference

✓ 03:00 PM ET – Consumer Credit (Mar)

PREMARKET SNAPSHOT 📈

U.S. equity futures rose this morning as investors welcomed news of upcoming U.S.-China trade talks in Switzerland and China's recent monetary easing measures, while awaiting the Federal Reserve's policy decision later today.

SECTOR SNAPSHOT✨

Markets slipped across most sectors, with healthcare (-2.76%), industrials (-0.85%), and consumer discretionary (-0.85%) seeing notable declines. Utilities (+1.23%) and energy (+0.10%) were the only sectors to end in positive territory, signaling a defensive tilt amid broader weakness.

PreMarket Unusual Volume Stocks

📈 Magic Empire Global Limited $MEGL is soaring in early trading, up 74.58% with 10.83M shares traded pre-market — a 57,687% jump over its average. The explosive volume suggests traders are aggressively piling in.

📈 Purple Innovation, Inc. $PRPL is catching eyes with a 19.62% pre-market move and volume spiking 1,768% to 768K shares. The stock is seeing renewed interest likely tied to technical or speculative catalysts.

📈 WeRide Inc. $WRD gained 9.20% in the pre-market with volume up 363% to 1.66M shares. The activity points to growing momentum for this recent debut or news-driven mover.

📈 CN Energy Group Inc. $CNEY rallied 50.62% as pre-market volume exploded to 59.32M, marking a 306% surge. Traders are clearly zeroing in on this penny name, potentially reacting to a catalyst.

📈 Canaan Inc. $CAN is up nearly 10% pre-market, with volume increasing 153% to 317.88K. The modest but notable spike could reflect early positioning on positive sentiment or sector tailwinds.

Premarket Picks

NerdWallet (NRDS) surged 18.91% pre-market to $10.06 after announcing the release date of its Q1 2025 results.

Oscar Health (OSCR) jumped 18.52% pre-market to $15.49 after beating Q1 earnings and revenue estimates.

Global Business Travel Group (GBTG) rose 16.53% pre-market to $7.19 following strong profit growth and margin expansion in Q1 2025.

LifeMD (LFMD) climbed 14.82% pre-market to $8.91 after reporting Q1 2025 results and raising full-year 2025 guidance.

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

Top Upgrades:

1. PLAYSTUDIOS Inc. (MYPS)

Analyst Firm: Benchmark
Analyst: Mike Hickey
Rating Change: Hold → Speculative Buy
Price Target: Reiterated at $2
Last Close: $1.31
Implied Upside: 52.67%

Benchmark upgraded PLAYSTUDIOS to Speculative Buy, highlighting potential upside amid ongoing operational improvements and new content pipeline momentum. While the price target remains at $2, the average 12-month target across analysts is significantly higher at $3.50, with a high forecast of $5.00, suggesting strong bullish sentiment relative to its current valuation.

2. Reddit, Inc. (RDDT)

Analyst Firm: Seaport Global
Analyst: Aaron Kessler
Rating Change: Neutral → Buy
Price Target: Raised from $165 to $185
Last Close: $91.70
Implied Upside: 44.93%

Seaport Global initiated a bullish call on Reddit, upgrading the stock to Buy and lifting the price target to $185, citing accelerating ad revenue, growing user engagement, and monetization potential. The broader analyst consensus average sits at $158.86, reflecting widespread confidence in Reddit’s long-term growth prospects.

3. Twilio Inc. (TWLO)

Analyst Firm: BofA Securities
Analyst: Taylor McGinnis
Rating Change: Reduce → Hold
Price Target: Raised from $11 to $20
Last Close: $16.00
Implied Upside: 23.31%

BofA upgraded Twilio to Hold from Reduce, pointing to signs of stabilization in fundamentals and a more balanced risk/reward profile following recent declines. The stock's average analyst price target is $127.60, suggesting longer-term optimism despite short-term caution, with forecasts ranging from $75.00 to $170.

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.