Good Morning, Traders!…👋

Stock futures edged higher on Monday morning as Wall Street geared up for a pivotal earnings week and observed the cooling of the postelection rally. The spotlight this week is on Nvidia’s earnings report, set for release on Wednesday, where traders will be keenly watching for any guidance regarding demand for the company’s Blackwell AI chips.

In addition to Nvidia, earnings from Palo Alto Networks and major retailers like Walmart, Target, and Ross are on the radar. According to FactSet’s John Butters, 93% of S&P 500 companies have already reported, with 75% exceeding EPS expectations and 61% posting positive revenue surprises.

Key stocks to watch today include Nvidia, Super Micro Computer, Tesla, and Netflix. Nvidia’s stock is under pressure ahead of its earnings report, while Super Micro Computer draws investor attention as it plans to submit a proposal to maintain its Nasdaq listing on Monday. As trading kicks off, these developments are set to shape the market’s direction for the week.

Happening Today

✓ 10:00 AM ET - Fed Goolsbee Speaks

✓ 04:00 PM ET – TIC Net Long-Term Transactions (Sep)

PREMARKET SNAPSHOT 📈

Market futures are mixed, with the S&P 500 and NASDAQ showing slight gains, while the Dow is down 0.36%.

SECTOR SNAPSHOT✨

Yesterday, the market saw significant declines across most sectors. Consumer Discretionary, Health Care, and Information Technology experienced the largest losses, with drops of 1.36%, 1.88%, and 2.49%, respectively. Industrials, Materials, and Communication Services also faced notable declines. On the positive side, Financials, Real Estate, and Utilities showed resilience, with Financials rising by 0.53%, Real Estate increasing by 0.16%, and Utilities posting a solid 1.47% gain. Despite some bright spots, the overall market sentiment was negative, with many sectors underperforming.

PreMarket Unusual Volume Stocks

📈 Apollomics Inc (APLM) had an extraordinary trading session, with its stock price surging 93.85% to $0.19. The volume was a staggering 96 million shares, far surpassing its average of 1.1 million. This substantial activity highlights significant investor interest and potential underlying positive developments in the company.

📈 Mobile Health Network Solutions (MNDR) saw a notable 45.77% rise in its stock price, closing at $0.38. The trading volume reached over 14 million shares, significantly higher than its average of 722K. This sharp increase indicates strong market enthusiasm and heightened attention to the company’s performance.

📈 HCW Biologics Inc (HCWB) experienced an impressive 120.77% increase in its stock price, bringing it up to $0.65. The volume of shares traded was 897K, well above its average of 49K, reflecting heightened investor activity and potential interest in this biotech firm.

📈 SINTX Technologies Inc (SINT) recorded a solid 50.98% gain, with its stock price closing at $3.08. The trading volume was 8.7 million shares, much higher than its average volume of 1.2 million. This jump suggests strong interest in the company and optimism in its industry segment.

📈 DDC Enterprise Ltd (DDC) saw its stock price rise by 29.86% to $0.27. The company traded over 5.2 million shares, outpacing its average volume of 894K. This increase in price and volume indicates positive sentiment and increased attention from investors.

Premarket Picks

Sintx Technologies, Inc. (SINT) is seeing a notable pre-market surge, up 59.61% to $3.32, after announcing a stock repurchase program, which is expected to increase shareholder value.

Intellia Therapeutics, Inc. (NTLA) gained 12.74% in pre-market trading, with shares reaching $15.75, following the release of positive clinical data from its ongoing Phase 1 trial of nexiguran ziclumeran in patients with transthyretin (ATTR) amyloidosis.

Calidi Biotherapeutics, Inc. (CLDI) saw a 9.13% increase, with shares rising to $2.39, after the company successfully closed a $7.5 million public offering of common stock to support its research and development efforts.

Tesla, Inc. (TSLA) is up 6.90% in pre-market trading, with shares hitting $342.84, after reports surfaced that President-elect Donald Trump’s transition team plans to prioritize the creation of a federal framework for regulating self-driving vehicles.

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

Top Upgrades:

1. Air Products and Chemicals, Inc. (APD)

Analyst Firm: UBS
Upgrade: Neutral to Buy
Price Target: $375
Friday's Close: $317.10

UBS has upgraded Air Products to "Buy" from "Neutral," setting a price target of $375. Air Products is a global leader in industrial gases with over 80 years of experience, focusing on energy, environmental, and emerging markets for a cleaner future. Analysts project stock price targets for Air Products ranging from a low of $275.00 to a high of $380.00, with a median of $348.00 and an average of $343.47.

2. Moderna, Inc. (MRNA)

Analyst Firm: HSBC
Upgrade: Reduce to Hold
Price Target: $58
Friday's Close: $36.85

HSBC has upgraded Moderna from "Reduce" to "Hold," with a price target of $58. Moderna is known for its pioneering work in mRNA medicine, advancing technologies that reshape how diseases are treated and prevented. Analysts' stock price targets for Moderna range from a low of $31.00 to a high of $212.00, with a median target of $69.00 and an average of $78.16.

3. Robinhood Markets (HOOD)

Analyst Firm: Needham
Upgrade: Hold to Buy
Price Target: $40
Friday's Close: $32.80

Needham has upgraded Robinhood Markets to "Buy" from "Hold" and set a price target of $40. Robinhood Markets, known for democratizing finance with its innovative platform, has attracted varied analyst projections. Current stock price targets range from a low of $19.00 to a high of $40.00, with a median of $27.38 and an average target of $27.38. Despite the current price, the analyst's outlook signals potential growth in the stock's performance.

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.