Good Morning, Traders!…👋

U.S. stock futures are signaling slight losses to kick off December, as markets shift focus from a strong November rally to tariff concerns and key labor market data later in the week. Early Monday, the U.S. Dollar Index rose 0.5%, reflecting strength against most G-10 and Asian currencies.

This week’s spotlight will be on Friday’s November jobs report, offering critical insight into the labor market. Leading up to that, investors will track the Bureau of Labor Statistics’ job openings and labor turnover data on Tuesday and ADP’s private-sector employment report on Wednesday.

In the bond market, the benchmark 10-year Treasury yield ticked up to 4.206%, slightly higher than last week’s close.

Tesla is in the spotlight today after unveiling the latest version of its self-driving software, drawing significant market attention. Meanwhile, Stellantis faces challenges as its CEO steps down amid declining sales, raising concerns about the automaker’s future direction. Super Micro continues its downward trajectory, extending losses after recent struggles, keeping investors wary of further volatility.

Happening Today

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

✓ 10:00 AM ET – ISM Manufacturing PMI (Nov)

✓ 10:00 AM ET – ISM Manufacturing Prices (Nov)

✓ 03:15 PM ET – Fed Waller Speaks

PREMARKET SNAPSHOT 📈

Market futures are slightly down, with the S&P 500, Dow, and NASDAQ all showing modest declines.

SECTOR SNAPSHOT✨

Yesterday, the market experienced mostly positive performance across various sectors. Consumer Discretionary led the way with a gain of 1.11%, followed by Consumer Staples, which rose by 0.41%. Energy, Industrials, and Materials also posted notable gains of 0.34%, 0.43%, and 0.49%, respectively. Information Technology followed closely with a 1.00% increase. Health Care also saw a modest rise of 0.26%. However, Real Estate and Utilities were the exceptions, declining by 0.52% and 0.05%, respectively. Financials remained largely flat, up by just 0.02%. Communication Services ended on a positive note with a 0.34% increase.

PreMarket Unusual Volume Stocks

📈 Eshallgo Inc (EHGO) experienced a robust 34.25% increase in its stock price, closing at $4.90. The trading volume surged to 5.9 million shares, significantly surpassing its average of 23K. This notable gain reflects strong market interest and potential positive developments for the company.

📈 JE Cleantech Holdings Ltd (JCSE) had an outstanding session, with its stock price soaring 68.07% to $2.00. The trading volume exceeded 5.5 million shares, far above its average of 71K, indicating heightened investor enthusiasm and optimism about the company's prospects in clean technology.

📈 Senti Biosciences Inc (SNTI) posted a solid 35.19% gain, closing at $2.92. The trading volume reached 803K shares, well above its average of 18K, highlighting increased attention and confidence in the company's biotechnology advancements.

📈 Purple Biotech Ltd ADR (PPBT) recorded an impressive 78.84% surge in its stock price, closing at $6.00. The trading volume hit 2.1 million shares, significantly exceeding its average of 49K, signaling strong investor sentiment and interest in the company's pipeline.

📈 Revelation Biosciences Inc (REVB) saw a modest 9.12% rise, ending the session at $0.83. The trading volume was 7.4 million shares, surpassing its average of 536K, reflecting consistent investor interest in the company's developments.

Premarket Picks

Eshallgo Inc. (EHGO) saw a pre-market price of $5.20, surging by 42.47%. This significant increase came after the company filed a 6-K form with the SEC, which likely sparked investor interest and led to the rise in stock price.

ParaZero Technologies Ltd. (PRZO) experienced a pre-market surge of 41.13%, reaching $1.75. The surge followed the company's announcement that it had received the prestigious Design Verification Report approval from the European Union Aviation Safety Agency for its SafeAir M-300 Pro and SafeAir M-350 Pro parachute safety kits.

Vision Marine Technologies Inc. (VMAR) saw its pre-market price rise to $2.81, a 27.73% increase. This surge occurred after the company announced a milestone partnership with Massimo Marine, the marine division of Massimo Group, which is expected to enhance its position in the electric marine propulsion industry.

Ondas Holdings Inc. (ONDS) pre-market price reached $1.08, a gain of 9.74%. The rise followed an announcement that a note holder had elected to purchase $4.1 million in aggregate principal amount of 3% senior convertible notes due 2026, indicating strong confidence in the company's prospects.

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

Top Upgrades:

1. Ares Capital Corporation (ARCC)

Analyst Firm: Wells Fargo
Upgrade: Equal Weight → Overweight
Price Target: $23
Friday's Close: $22.15

Wells Fargo analyst Finian O'Shea has upgraded Ares Capital to Overweight from Equal Weight, setting a price target of $23. Ares Capital is a leading specialty finance company, providing direct loans and other financial solutions to private middle-market businesses across the United States. Analysts have set price targets ranging from $21.00 to $26.00, with a median target of $22.00 and an average of $22.46.

2. Cloudflare, Inc. (NET)

Analyst Firm: Morgan Stanley
Upgrade: Equal Weight → Overweight
Price Target: $130
Friday's Close: $99.83

Morgan Stanley analyst Hamza Fodderwala has raised Cloudflare’s rating to Overweight from Equal Weight, revising the price target upward to $130 from $92. Cloudflare is a leading connectivity cloud company focused on enhancing Internet performance, security, and reliability while reducing complexity and costs for organizations. Analysts have set a price target range from $57.00 to $130.00, with a median target of $95.00 and an average target of $94.58.

3. Southern Copper Corporation (SCCO)

Analyst Firm: JPMorgan
Upgrade: Underweight → Neutral
Price Target: $92.50
Friday's Close: $100.35

JPMorgan has upgraded Southern Copper’s rating to Neutral from Underweight, increasing the price target to $92.50 from $68.00. Southern Copper is a major player in copper mining, exploration, smelting, and refining operations across Peru, Mexico, Argentina, Ecuador, and Chile. Analyst projections for the stock’s price target span from $52.00 to $154.14, with a median of $98.77 and an average of $100.90.

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.