Good Morning, Traders!…👋

U.S. stock futures ticked up on Monday, showing signs of a slight recovery from last week’s losses, as investors focus on the high-profile quarterly earnings report from Nvidia.

On the economic front, traders are closely watching the release of the U.S. personal consumer expenditures price index for January, which is due on Friday. This data is considered one of the inflation metrics most favored by Federal Reserve officials.

Nvidia (NASDAQ: NVDA) will headline this week's earnings reports, with the semiconductor leader and key player in the AI investment surge set to announce results after the market close on Wednesday. Now the world’s second-largest company, Nvidia has become a symbol of the AI boom, which has driven its stock price up by more than 550% in the last two years.

Markets will also keep an eye on the ongoing discussions around the budget framework proposed by Republicans in both the House of Representatives and Senate. House Republicans are reportedly moving forward with a vote early this week on a major budget bill, according to Roll Call.

Happening Today

✓ 01:00 PM ET – 2-Year Note Auction

PREMARKET SNAPSHOT 📈

As of February 24, 2025, U.S. stock futures indicate a mixed opening. The S&P 500 futures are slightly down by 0.02%, the Dow Jones Industrial Average futures have risen by 0.04%, and the Nasdaq futures have increased by 0.05%. Recent market volatility has been influenced by concerns over inflation, potential stagflation, and the impact of tariffs on the economy. Notably, the S&P 500 recently reached an all-time high of 6,144.15 on February 19, 2025.

SECTOR SNAPSHOT✨

Yesterday markets saw a broad sell-off, with Consumer Discretionary, Information Technology, and Industrials taking significant hits. Energy and Financials also faced notable losses, while Consumer Staples managed to gain. Utilities held steady, but overall, bearish sentiment dominated the session.

PreMarket Unusual Volume Stocks

📈 Santech Holdings Limited (STEC) is leading the pre-market momentum with an extraordinary surge of 315.19% to $0.6503. The stock has recorded a massive 36.72 million shares in pre-market volume, marking a staggering 4,698.35% increase from its usual activity. This sharp move suggests a major catalyst, possibly a company announcement or industry-related development, attracting strong speculative interest.

📈 Oriental Rise Holdings Limited (ORIS) is making significant gains, up 89.29% to $1.12 in early trading. With 13.13 million shares changing hands pre-market, a 3,989.79% volume surge indicates strong demand. The stock's explosive movement may be tied to a fundamental shift or investor enthusiasm around a potential business expansion.

📈 CN Energy Group Inc. (CNEY) is another high-volume mover, rallying 49.51% to $0.2446. Pre-market volume has skyrocketed to 34.4 million shares, representing a 2,520.20% jump. Such an increase suggests heightened attention from traders, possibly due to news or a breakout pattern forming in the stock.

📈 Baijiayun Group Ltd (RTC) is gaining traction with a 9.12% increase to $0.5350. Though its pre-market volume of 1.1 million shares is lower than the top movers, the 1,956.19% surge in activity indicates a shift in sentiment. Investors may be positioning ahead of potential catalysts.

📈 MicroAlgo, Inc. (MLGO) is showing a modest but steady rise of 5.35% to $6.36. Pre-market volume has reached 3.34 million shares, an impressive 1,795.66% increase. While not the most explosive move of the day, the volume spike signals growing interest in the stock, which could lead to continued upside momentum.

Premarket Picks

MicroCloud Hologram Inc. (HOLO) is seeing a pre-market surge of 7.01%, with its price reaching $1.68. This increase comes as the company provides new perspectives and theoretical foundations for understanding the characteristics and transition mechanisms of quantum systems.

authID Inc. (AUID) is up 17.97%, with a pre-market price of $6.50. The surge follows the company’s spotlight in a comprehensive independent market report by the Prism Project, which provided valuable analysis of authID’s approach to privacy- and compliance-first biometric authentication.

IO Biotech, Inc. (IOBT) has surged 16.36% to a pre-market price of $1.28. The increase follows the announcement of new preclinical data for an additional pipeline candidate, which was presented at the AACR-IO Conference.

AtlasClear Holdings, Inc. (ATCH) is up 15.32%, with a pre-market price of $2.71. The rise comes after the release of the company’s calendar year-end numbers.

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

Top Upgrades:

1. Carrier Global Corporation (CARR)

Analyst Firm: Wolfe Research
Upgraded: Peer Perform to Outperform
Price Target: $80
Yesterday's Close: $66.13

Wolfe Research raised its rating on Carrier Global to Outperform from Peer Perform, setting a price target of $80 following discussions with the company’s management.

Analysts have set a stock price target for Carrier Global Corporation with a high estimate of $95.00, a median estimate of $79.00, and a low estimate of $70.00. The average stock price target is $80.53. Carrier Global Corporation specializes in intelligent climate and energy solutions across the United States, Europe, the Asia Pacific, and globally.

2. NIKE, Inc. (NKE)

Analyst Firm: Jefferies
Upgraded: Hold to Buy
Price Target: $115
Yesterday's Close: $76.50

Jefferies upgraded Nike to Buy from Hold, increasing its price target to $115, up from $75.

For NIKE, Inc., the stock price target ranges from a high of $120.00 to a low of $49.00. The median estimate is $89.53, with the average target set at $85.75. NIKE, Inc. is a global leader in designing, developing, marketing, and selling athletic footwear, apparel, equipment, accessories, and services.

3. Alibaba Group Holding Limited (BABA)

Analyst Firm: Morgan Stanley
Upgraded: Equal Weight to Overweight
Price Target: $180
Yesterday's Close: $143.75

Morgan Stanley boosted its rating on Alibaba to Overweight from Equal Weight, raising the price target to $180 from $100.

Analysts have a stock price target for Alibaba Group Holding Limited with a high estimate of $190.00, a low estimate of $157.52, and an average target of $157.52. Alibaba Group provides technology and marketing services to businesses, helping them connect with customers in China and internationally.

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.