Good Morning, Traders!…👋

Stock futures dropped sharply after President Trump revealed a larger-than-expected tariff package, raising concerns that the new tariffs will hinder economic growth and fuel inflation.

Trump announced a 10% baseline tariff on imports from most countries, along with harsher reciprocal levies on certain nations — including a 34% tariff on China, an additional 20% rate on goods from the European Union, and 24% on goods from Japan.

U.S. technology stocks are taking a hit following the tariff announcement. Apple, which manufactures most of its iPhones in China, saw a 6.7% drop, Amazon declined 4.9%, Meta Platforms fell 2.8%, and Tesla was down 3.3%.

Investors will be keeping an eye on key economic data set to be released this week, including the International Trade report for February, Weekly Jobless Claims, and the U.S. ISM Report on Business Services PMI for March.

Earnings Watch

Earnings hit today from Conagra $CAG ( ▼ 0.83% )  , Lamb Weston $LW ( ▲ 1.58% )  , and Acuity Brands $AYI ( ▲ 1.04% )  , among others.

Analysts expect Conagra to top $0.67 EPS on steady food demand, Lamb Weston to fry up $1.45 EPS with margin gains, and Acuity to light up $4.15 EPS—potential winners today?

Happening Today

✓ 08:30 AM ET – Initial Jobless Claims

✓ 08:30 AM ET – Imports and Exports (Feb)

✓ 08:30 AM ET – Trade Balance (Feb)

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

✓ 10:00 AM ET – ISM Non-Manufacturing PMI and Prices (Mar)

✓ 01:00 PM ET – Atlanta Fed GDPNow (Q1)

✓ 04:30 PM ET – Fed's Balance Sheet

PREMARKET SNAPSHOT 📈

​U.S. stock futures are down, with the S&P 500, Dow, and Nasdaq all showing declines following President Trump's announcement of new tariffs. ​

SECTOR SNAPSHOT✨

Yesterday markets extended their gains with most sectors finishing in the green. Consumer discretionary led the charge with a strong rebound, while financials, industrials, and materials followed closely. Tech and health care also posted solid advances. Utilities, energy, and real estate showed modest strength, whereas consumer staples and communication services dipped slightly.

PreMarket Unusual Volume Stocks

📈 Damon Inc. $DMN ( ▲ 15.0% ) is once again showing elevated pre-market interest with 78.09M shares traded, significantly above its average volume of 37.5M. The stock is modestly up over 7%, suggesting continued accumulation after recent volatile sessions.

📈 Protagenic Therapeutics, Inc. $PTIX ( ▼ 9.2% ) is surging with an impressive 41.79M shares exchanged pre-market, dwarfing its average of 1.56M. The 168% price spike reflects strong bullish sentiment, likely tied to speculative momentum or biotech news.

📈 Powell Max Limited $PMAX ( ▲ 16.1% ) is on the radar with 24.5M shares traded versus an average of 1.95M, showing a sharp increase in volume. The stock is up over 62%, drawing strong early interest and potentially signaling renewed investor confidence.

📈 Genprex, Inc. $GNPX ( ▲ 28.21% ) continues its active streak with 15.27M shares traded pre-market, far above its 434.6K average. The 42% gain suggests investors are reacting to recent developments or capitalizing on biotech momentum.

📈 Aptevo Therapeutics Inc. $APVO ( ▲ 38.26% ) is making waves this morning with 11.64M shares traded compared to an average volume of just 115.6K. Up more than 150%, the stock is drawing strong interest—likely fueled by clinical updates or M&A chatter.

Premarket Picks

GRI Bio, Inc. (GRI) saw a pre-market price of $1.76, with a surge of 5.39% following the announcement of the closing of its $5.0 million public offering.

Damon Inc. (DMN) experienced a significant pre-market surge of 11.59%, reaching a price of $0.01 after filing an 8-K form with the SEC.

Genasys Inc. (GNSS) traded at $2.32 in pre-market, gaining 5.93% after announcing $2.5 million in Long Range Acoustic Device® (LRAD) orders from the US Military.

Lindsay Corp. (LNN) saw a pre-market price of $134.90, with a 3.41% increase following the release of its second-quarter results, which showed a 47% rise in net earnings and a 49% increase in diluted EPS.

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

Top Upgrades:

1. Janus Henderson Group plc $JHG ( ▲ 1.43% ) 

Analyst Firm: BofA
Upgraded: Neutral to Buy
Price Target: $43
Yesterday's Close: $36.83

BofA analyst Craig Siegenthaler raised his rating on Janus Henderson to Buy from Neutral, setting a new price target of $43. The average price target for Janus Henderson Group is $47.80. Analysts have set the highest price target at $53.00, with the lowest forecast at $42.00. Janus Henderson Group plc is an asset management holding company.

2. Block, Inc. $XYZ ( ▲ 4.42% )  

Analyst Firm: Morgan Stanley
Upgraded: Equal Weight to Overweight
Price Target: $67
Yesterday's Close: $57.86

Morgan Stanley upgraded Block to Overweight from Equal Weight, increasing its price target to $67 from $65. Block, Inc. has an average price target of $94.24. The highest forecast for the company stands at $115.00, while the lowest is $65.00. Block, Inc. and its subsidiaries create ecosystems for global commerce and financial products and services.

3. Loar Holdings Inc. (LOAR)

Analyst Firm: Morgan Stanley
Upgraded: Equal Weight to Overweight
Price Target: $91
Yesterday's Close: $76.85

Morgan Stanley also upgraded Loar Holdings to Overweight from Equal Weight, keeping its price target steady at $91. The average price target for Loar Holdings is $96.00, with the highest forecast at $105.00 and the lowest at $91.00. Loar Holdings and its subsidiaries specialize in the design, manufacture, and marketing of aerospace and defense components and systems worldwide.

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.