Good Morning, Traders!…👋

U.S. stock futures rose on Monday as major indexes aimed for another week of gains. Tariffs continue to be a key focus for investors, with the April 2 deadline for President Trump to implement reciprocal duties approaching.

Trump indicated on Friday that he is keeping "flexibility" regarding the tariffs' rollout, though he hasn't provided specifics on what that might entail. Other concerns for Wall Street revolve around whether the recent year-to-date losses are merely a slowdown or a sign of an impending recession. JPMorgan strategist Bruce Kasman estimates the chance of a recession at 40%.

On the earnings front, quarterly results from Lululemon $LULU ( ▼ 3.41% ) , GameStop $GME ( ▲ 2.72% ) , and Dollar Tree $DLTR ( ▲ 3.19% ) are expected this week, although it's a quieter week for financial releases.

Happening Today

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

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

✓ 01:45 PM ET – FOMC Member Bostic Speaks

✓ 03:10 PM ET – Fed Vice Chair for Supervision Barr Speaks

PREMARKET SNAPSHOT 📈

​​As of March 24, 2025, U.S. stock futures are showing modest movements. Below figures suggest a cautiously optimistic market sentiment ahead of the upcoming trading session.

SECTOR SNAPSHOT✨

Yesterday markets showed a mixed performance, with gains in communication services, tech, and consumer discretionary offering some support, while most other sectors remained under pressure. Notably, materials and real estate saw over 1% declines, while energy, financials, and health care also slipped. Utilities continued their pullback, while consumer staples stayed nearly flat.

PreMarket Unusual Volume Stocks

📈 Integrated Media Technology Limited $IMTE ( ▼ 5.23% ) is attracting significant early attention with 9.51M shares traded pre-market compared to its average of just 63.5K. The stock is surging on heavy volume, signaling strong speculative interest.

📈 Damon Inc. $DMN ( ▼ 59.77% ) is also seeing an explosion in volume, with 43.17M shares exchanged versus a typical 299K. Traders appear to be positioning ahead of potential catalysts driving the rally.

📈 MicroCloud Hologram Inc. $HOLO ( ▲ 1.64% ) has moved 2.54M shares pre-market, far above its average of 153K. The unusual activity suggests investors are eyeing momentum plays in this name.

📈 SUNation Energy, Inc. $SUNE ( ▼ 19.31% ) continues to see elevated trading with 2.78M shares vs. its 381K average. The pre-market buildup may indicate anticipation of news or follow-through from previous sessions.

📈 Snow Lake Resources Ltd. $LITM ( ▼ 5.92% ) is back on the radar with 556.7K shares traded against an average of 105K. The volume spike could be linked to renewed interest in clean energy or lithium-related themes.

Premarket Picks

The AZEK Company Inc. (AZEK) saw a pre-market price of $49.12, reflecting a surge of 18.68%. This increase follows the announcement that James Hardie Industries (JHX) has agreed to acquire The AZEK Company for $8.75 billion, including AZEK's net debt of $386 million, through a combination of cash and shares.

MicroAlgo Inc. (MLGO) had a pre-market price of $3.38, jumping 34.12%. The surge comes after the company revealed plans to issue more new shares, following a convertible bond purchase agreement with creditors for a total of $20 million, dated October 7, 2024.

MicroCloud Hologram Inc. (HOLO) saw a pre-market price of $1.09, up by 9.00%. This increase follows the company filing its operational and financial results for the fiscal year ending December 31, 2024, with the U.S. Securities and Exchange Commission.

Terns Pharmaceuticals, Inc. (TERN) recorded a pre-market price of $3.58, rising 6.87%. This gain comes after the company reported its financial results for the fourth quarter and full year ending December 31, 2024, along with providing corporate updates.

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

Top Upgrades:

1. Nucor Corporation $NUE ( ▼ 0.87% ) 

Analyst Firm: UBS
Upgraded: Neutral to Buy
Price Target: $160
Yesterday's Close: $122.01

UBS raised its rating on Nucor to "Buy" from "Neutral" and set a price target of $160. Nucor Corporation, a leading manufacturer and seller of steel and steel products, has analysts projecting a stock price target range between $135.00 and $175.00. The median target is $156.00, with an average of $154.30.

2. Valley National Bancorp $VLY ( ▲ 1.25% )  

Analyst Firm: Piper Sandler
Upgraded: Neutral to Overweight
Price Target: $11
Yesterday's Close: $8.85

Piper Sandler upgraded Valley National to "Overweight" from "Neutral," maintaining a price target of $11. Valley National Bancorp, the parent company of Valley National Bank, offers banking, insurance, and wealth management services. Analysts have set its stock price target between $9.50 and $12.50, with a median of $11.50 and an average of $11.39.

3. Coherent Corp. $COHR ( ▼ 1.2% ) 

Analyst Firm: Raymond James
Upgraded: Outperform to Strong Buy
Price Target: $91
Yesterday's Close: $68.24

Raymond James elevated Coherent's rating to "Strong Buy" from "Outperform," with a price target of $91. Coherent Corp. specializes in materials, components, and systems for global industrial and tech markets. The stock price target for Coherent ranges from $80.00 to $136.00, with the median estimate at $120.00 and an average of $117.29.

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.