Good Morning, Traders!…👋

U.S. stock futures edged lower Wednesday, signaling a potential continuation of Tuesday’s decline as markets digest mounting political and geopolitical risks.

President Trump visited Capitol Hill to rally Republican support for his sweeping budget proposal, which analysts say could add $3 trillion to $5 trillion to the current $36.2 trillion national debt. The fiscal uncertainty, combined with rising concerns over tariffs, has put pressure on investor sentiment.

Retail earnings remain in focus today, with markets watching closely for signs of how Trump’s tariff policy is affecting consumer-facing businesses.

Meanwhile, oil prices jumped on reports that Israel is preparing a potential strike on Iranian nuclear facilities, stoking fears of supply disruptions from a key Middle Eastern production hub.

Earnings Watch

Earnings roll out today from Advance Auto Parts $AAP, Analog Devices $ADI, and BJ’s Wholesale $BJ before open, plus Intuit $INTU, Workday $WDAY, and Autodesk $ADSK after close.

Analysts expect AAP to post $0.67 EPS with auto parts demand, ADI to hit $1.65 EPS on chip strength, BJ at $0.85 EPS, Intuit to deliver $9.78 EPS with tax season gains, Workday at $1.78 EPS, and Autodesk at $2.12 EPS.

Happening Today

✓ 08:30 AM ET – Initial Jobless Claims

✓ 09:45 AM ET – S&P Global Manufacturing & Services PMI (May)

✓ 10:00 AM ET – Existing Home Sales (Apr)

✓ 12:00 PM ET – 10-Year TIPS Auction

✓ 02:00 PM ET – FOMC Member Williams Speaks

✓ 04:30 PM ET – Fed's Balance Sheet

PREMARKET SNAPSHOT 📈

U.S. equity futures are mixed this morning, with the S&P 500 and Nasdaq showing modest gains while the Dow edges lower. Investors are cautiously optimistic amid easing inflation concerns and anticipation of upcoming Federal Reserve commentary. However, lingering worries about rising Treasury yields and fiscal policy continue to weigh on market sentiment.

SECTOR SNAPSHOT✨

Markets extended their losses yesterday with nearly all sectors finishing lower. Financials, health care, and real estate saw some of the steepest declines, while consumer discretionary and energy also faced heavy selling. Defensive sectors like consumer staples and utilities couldn’t escape the pullback either. Communication services was the sole gainer, offering a rare bright spot in an otherwise red day.

PreMarket Unusual Volume Stocks

📈 Longevity Health Holdings, Inc. $XAGE is surging nearly 89% pre-market with volume reaching 3.39M—up over 2,630% from its average. The sharp spike indicates heightened interest, likely driven by recent developments or speculative momentum.

📈 Navitas Semiconductor Corporation $NVTS is showing a strong pre-market rally, gaining 148% on volume of 13.66M—over 2,530% above its usual. Traders appear to be piling in ahead of potential catalysts or news flow.

📈 Asset Entities Inc. $ASST is up 11.32% in early trade with 241K shares exchanged, marking a 327% volume surge. While less explosive than others, it still reflects increased focus from retail or algorithmic scanners.

📈 Bit Origin Limited $BTOG is up modestly at 5.42%, but with volume of 30.45M—just over 101% higher than its average. The action may be tied to short-term rotation into micro-cap tech names.

📈 SEALSQ Corp $LAES is trading higher by 6.67%, with volume nearing 1.14M—almost doubling its typical activity. The steady uptick may hint at building accumulation or pre-news positioning.

Premarket Picks

Shares of Longevity Health Holdings, Inc. (XAGE) jumped 66.67% in pre-market trading, rising to $5.10. The surge follows the company's announcement that it will maintain its Nasdaq listing to complete a merger with 20/20 Biolabs.

Navitas Semiconductor Corporation (NVTS) stock soared 135.07% pre-market to $4.49 after the company revealed a partnership with NVIDIA. Together, they aim to develop next-gen 800V HVDC systems for high-performance GPU racks like Rubin Ultra, leveraging GaNFast™ and GeneSiC™ power technologies.

Lumen Technologies, Inc. (LUMN) shares climbed 12.33% to $4.28 in early trading. The move came after news broke that AT&T will acquire most of Lumen’s Mass Markets fiber internet business, with the deal expected to close in the first half of 2026.

Urban Outfitters, Inc. (URBN) saw an 18.09% jump in pre-market trading, with its stock reaching $70.38. The rally comes after the company reported a record net income of $108.3 million and earnings of $1.16 per diluted share for the quarter ending April 30, 2025.

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

Top Upgrades:

1. Planet Fitness, Inc. (PLNT)

Analyst Firm: Stifel
Upgraded: Hold to Buy
Price Target: $120
Yesterday's Close: $104.06

Stifel analyst Chris O'Cull has raised his rating on Planet Fitness from Hold to Buy and increased the price target from $82 to $120. Planet Fitness, Inc., which franchises and operates gyms under the Planet Fitness brand, has received a range of stock price targets from analysts. The high estimate stands at $150.00, with a median of $112.00 and a low of $95.00. The average target price is $113.59.

2. Integer Holdings Corporation (ITGR)

Analyst Firm: Citi
Upgraded: Neutral to Buy
Price Target: $140
Yesterday's Close: $118.88

Citi has upgraded its rating on Integer from Neutral to Buy, raising the price target to $140 from $133. Integer Holdings Corporation, a developer and manufacturer of medical devices across the U.S., Puerto Rico, Costa Rica, and international markets, has stock price targets ranging from a low of $133.00 to a high of $158.00. The median estimate is $150.00, with an average target of $147.88.

3. XPeng Inc. (XPEV)

Analyst Firm: Macquarie
Upgraded: Neutral to Outperform
Price Target: $24
Yesterday's Close: $22.25

Macquarie has lifted its rating on XPeng from Neutral to Outperform and boosted the price target from $22 to $24. XPeng Inc., a Chinese company that produces smart electric vehicles, has analyst stock price targets ranging from $18.00 on the low end to $32.00 on the high end. The average price target for the stock is $25.73.

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.