Good Morning, Traders!…👋

U.S. stock futures were mostly unchanged Friday, as investors awaited the outcome of upcoming trade talks between the U.S. and China — a potential turning point in the ongoing trade war. Dow futures edged down 0.2%, S&P 500 futures hovered near the flatline, and Nasdaq 100 futures rose 0.1%.

Markets are watching closely as officials head to Geneva for negotiations this weekend, following Thursday’s rally sparked by the announcement of a U.S.-UK trade deal. 

According to Bloomberg, the White House is considering lowering tariffs below 60% as a goodwill gesture, which China may reciprocate. President Trump has struck a hopeful tone this week, calling the discussions “substantive” and suggesting current 145% tariffs on Chinese goods could be reduced.

Earnings Watch

Earnings land today from Enbridge $ENB, Plains All American $PAA, and Starwood $STWD before open, with no major reports after close.

Analysts expect Enbridge to post $0.69 EPS with pipeline strength, PAA to hit $0.45 EPS on oil transport, and Starwood at $0.49 EPS with real estate gains—could these beats boost shares?

Happening Today

✓ 08:30 AM ET – FOMC Member Williams Speaks

✓ 11:30 AM ET – Fed Waller Speaks

✓ 01:00 PM ET – U.S. Baker Hughes Oil Rig Count

✓ 03:30 PM ET – CFTC Nasdaq 100 and S&P 500 speculative net positions

PREMARKET SNAPSHOT 📈

U.S. equity futures edged higher this morning, buoyed by optimism surrounding upcoming U.S.-China trade talks and recent easing of tariff tensions following a U.S.-U.K. trade agreement.

SECTOR SNAPSHOT✨

Markets closed higher yesterday, with strong gains in consumer discretionary, industrials, energy, and materials. Tech and financials also advanced, while healthcare, consumer staples, and utilities slipped into the red. Real estate posted mild losses, continuing to lag broader momentum.

PreMarket Unusual Volume Stocks

📈 Zapp Electric Vehicles Group Limited $ZAPP is up 29.42% with 4.21M shares traded — a 51,483% spike in volume. The surge suggests growing retail interest, possibly tied to sector momentum or speculative rotation.

📈 SCWorx Corp. $WORX has gained 65.33% in early trading with volume at 9.56M, up 9,580% from its norm. The sharp increase points to aggressive early buying, likely driven by news or low-float dynamics.

📈 ZK International Group Co., Ltd $ZKIN is back on the radar, rising 64.29% with 7.94M shares changing hands — a 3,356% volume surge. The consistent action pre-market hints at possible corporate updates or momentum trades.

📈 Shuttle Pharmaceuticals Holdings, Inc. $SHPH is spiking 144.00% with 50.16M shares traded — nearly a 1,000% jump in activity. The stock appears to be in high demand, possibly off clinical news or renewed interest from traders.

📈 Corvus Pharmaceuticals, Inc. $CRVS is trading up 38.21% on 270.19K shares, a 499% rise in volume. The biotech name is drawing strong early volume, signaling investors may be anticipating a catalyst.

Premarket Picks

The Trade Desk (TTD) jumped 15.13% pre-market to $68.96 following strong Q1 results with 25% revenue growth.

Pinterest (PINS) rose 12.63% pre-market to $31.38 after posting 16% revenue growth and a record number of users.

Microchip Technology (MCHP) gained 9.89% pre-market to $54.00 after releasing its earnings report and announcing a cash dividend.

Cloudflare (NET) climbed 11.42% pre-market to $138.50 driven by strong momentum and robust year-over-year revenue growth.

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

Top Upgrades:

1. Dragonfly Energy Holdings Corp. (DPRO)

Analyst Firm: H.C. Wainwright & Co.
Analyst: Scott Buck
Rating: Maintains Buy
Price Target Change: $7 → $5
Last Close: $1.81
Implied Upside: 176.24%

H.C. Wainwright reiterated a Buy rating on Dragonfly Energy, adjusting the price target to $5. Despite the lower target, the stock still offers substantial upside from current levels. According to Wall Street consensus, the average 12-month target is $7.00, indicating a strong bullish outlook on Dragonfly’s lithium battery innovation and market penetration.

2. Certara, Inc. (CERT)

Analyst Firm: Barclays
Analyst: Luke Sergott
Rating Change: Equal Weight → Overweight
Price Target Change: $11 → $14
Last Close: $12.00
Implied Upside: 16.67%

Barclays upgraded Certara to Overweight with a revised price target of $14. The firm sees increased momentum in Certara’s biosimulation platforms and long-term value in its regulatory and market access solutions. The average price target among analysts is $14.94, reflecting continued confidence in Certara’s growth prospects.

3. Uber Technologies Inc. (UBER)

Analyst Firm: Citigroup
Analyst: Ronald Josey
Rating: Maintains Buy
Price Target Change: $92 → $102
Last Close: $82.53
Implied Upside: 23.59%

Citi reiterated its Buy rating on Uber and raised the price target to $102, citing strong performance in both mobility and delivery segments. Analyst consensus puts the average price target at $93.84, signaling broad optimism around Uber's sustained growth and improving profitability metrics.

Happy investing,

Maeve Grace
Editor In Chief
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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.