Good Morning, Traders!…👋

U.S. stock futures are modestly higher this morning after concerns about the economy and tariff fears weighed on markets again yesterday. Nvidia’s earnings are due after the market closes on Wednesday, with shares of the AI chipmaker rallying in premarket trading following a drop on Tuesday amid a broader tech-led selloff.

In the commodities markets, copper prices saw a significant jump after President Trump directed the Commerce Department to investigate the possibility of imposing tariffs on copper imports. Meanwhile, oil prices fell under pressure, with concerns about economic growth and the potential for a Russia-Ukraine peace deal taking center stage. Futures for Brent crude dropped by more than 2%, falling below $73 a barrel.

In the cryptocurrency market, Bitcoin prices rose to around $89,000 after suffering their biggest one-day percentage drop in nearly seven months on Tuesday. In terms of economic data, new-home sales figures are expected to be released at 10 a.m. ET. Additionally, Lowe’s will report earnings before the opening bell.

Happening Today

✓ 08:00 AM ET – Building Permits (Jan)

✓ 10:00 AM ET – Crude Oil Inventories

✓ 10:00 AM ET – New Home Sales (Jan)

✓ 12:00 PM ET – FOMC Member Bostic Speaks

✓ 01:00 PM ET – 7-Year Note Auction

PREMARKET SNAPSHOT 📈

As of February 26, 2025, U.S. stock futures are showing mixed performance. The S&P 500 and Dow Jones Industrial Average futures have experienced slight declines, while Nasdaq futures have seen a modest increase. Investors are closely monitoring upcoming earnings reports, particularly from Nvidia, which are expected to significantly influence market sentiment.

SECTOR SNAPSHOT✨

The market showed mixed performance as investors navigated economic uncertainty. Consumer discretionary and tech stocks saw declines, with information technology and communication services facing the most pressure. Energy also slipped, reflecting lower oil prices. Meanwhile, consumer staples led gains, signaling a shift toward defensive stocks. Health care, materials, and real estate also posted modest gains, while financials remained nearly flat. Industrials managed to inch higher, despite broader market weakness. Utilities saw slight losses, continuing their recent volatility.

PreMarket Unusual Volume Stocks

📈 Organovo Holdings, Inc. (ONVO) is displaying an impressive pre-market surge, gaining 17.32% to $1.27. Trading volume has skyrocketed to 6.53 million shares, marking an extraordinary 336,228.23% increase compared to its typical activity. This sharp spike suggests significant investor interest, likely driven by new developments in the biotech sector or corporate announcements.

📈 Enveric Biosciences, Inc. (ENVB) is leading the pre-market momentum with an astonishing 159.32% jump to $1.18. With 17.52 million shares traded, volume has surged 5,850.69%, indicating a strong bullish sentiment. This rally could be linked to positive clinical trial results or major news in the biotech space.

📈 Healthcare Triangle, Inc. (HCTI) is witnessing a 56.50% increase in pre-market trading, reaching $0.38. Volume has spiked to 15.09 million shares, up 1,492.67% from average levels. Such unusual activity suggests heightened investor speculation, possibly driven by a recent partnership or earnings update.

📈 iCoreConnect Inc. (ICCT) has gained 22.98%, trading at $1.18 in pre-market action. Volume has surged to 972.24K shares, reflecting a 1,202.51% increase from usual trading levels. This jump might be attributed to a strategic acquisition or a favorable industry trend.

📈 Li Auto Inc. (LI) is also catching attention with a 9.92% gain, now trading at $29.84. Although its pre-market volume of 260.7K shares is relatively lower, it still marks a 320.03% increase from the norm. The stock's movement could be influenced by positive earnings guidance or broader EV market momentum.

Premarket Picks

Enveric Biosciences, Inc. (ENVB) saw a pre-market surge of 127.11%, with its price rising to $2.68. This increase was driven by the company unveiling its EVM401 series of compounds, now protected by a new U.S. patent.

Healthcare Triangle, Inc. (HCTI) experienced a 65.26% pre-market surge, reaching a price of $0.62. The company’s filing of the PRE 14A form with the SEC sparked a positive movement in its stock.

Organovo Holdings, Inc. (ONVO) saw a pre-market increase of 23.62%, with its price climbing to $1.57. This surge followed the announcement that Eli Lilly and Company (LLY) will acquire Organovo’s FXR program, including its lead asset, FXR314.

Myriad Genetics, Inc. (MYGN) rose 26.92% in pre-market trading, reaching a price of $14.90. The company’s strong financial results for the fourth quarter and full year ending December 31, 2024, contributed to the surge, with a 7% year-over-year revenue growth driven by demand in Pharmacogenomics and Prenatal testing.

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

Top Upgrades:

1. American Airlines Group Inc. (AAL)

Analyst Firm: Redburn Atlantic
Upgraded: Neutral to Buy
Price Target: $24
Yesterday's Close: $15.13

Redburn Atlantic raised its rating for American Airlines to "Buy" from "Neutral," setting a new price target of $24, up from $18.

American Airlines Group Inc. operates as a network air carrier in the U.S., Latin America, Atlantic, and Pacific through its subsidiaries. Analysts have set a stock price target range for the company, with a high estimate of $30.00, a low of $14.00, and a median estimate of $22.00. The average target price is $21.46.

2. Lennox International Inc. (LII)

Analyst Firm: Barclays
Upgraded: Equal Weight to Overweight
Price Target: $702
Yesterday's Close: $618.76

Barclays boosted its rating for Lennox to "Overweight" from "Equal Weight," increasing the price target to $702, up from $665.

Lennox International Inc. is known for designing, manufacturing, and marketing HVAC and refrigeration products across the U.S., Canada, and globally. Analyst stock price targets for the company range from a low of $475.00 to a high of $750.00, with a median estimate of $642.00. The average price target stands at $640.13.

3. DLocal Limited (DLO)

Analyst Firm: JPMorgan
Upgraded: Neutral to Overweight
Price Target: $18
Yesterday's Close: $12.90

JPMorgan analyst Guilherme Grespan upgraded DLocal to "Overweight" from "Neutral," with a revised price target of $18, up from $14.

DLocal Limited operates a payment processing platform worldwide. Analysts have set a stock price target range for DLocal, with a high of $18.00, a low of $9.00, and a median target of $11.00. The average stock price target is $12.11.

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.