Good Morning, Traders!…👋

Stock futures are trending upwards in Friday's premarket trading, setting the stage for a potential fourth consecutive month of gains.

This optimism is fueled by another robust set of economic indicators, dispelling concerns of a U.S. recession, evidenced by upward revisions to second-quarter GDP and jobless claims falling below expectations.

Today, markets anticipate the release of the July PCE inflation report, a key measure for the Federal Reserve in assessing future interest rate decisions.

In corporate news, Dell's stock is climbing due to a surge in demand for AI servers. Nvidia rebounds from Thursday's drop, while Marvell Technology's stock is up following its issuance of stronger-than-expected guidance. Meanwhile, gold futures are slightly down, trading at $2,553.80 per ounce but remain near the record high of $2,570.40 set on August 20.

Happening Today

✓ 08:30 AM ET – Core PCE Price Index (MoM)/(YoY) (Jul)

✓ 08:30 AM ET – Personal Spending (MoM) (Jul)

✓ 09:45 AM ET – Chicago PMI (Aug)

✓ 10:00 AM ET – Michigan 1-Year & 5 Year Inflation Expectations (Aug)

✓ 10:00 AM ET – Atlanta Fed GDPNow (Q3)

✓ 04:30 PM ET – CFTC Nasdaq 100 & S&P 500 speculative net positions

PREMARKET SNAPSHOT📈

Market futures are positive, with the S&P 500 up 0.44%, the Dow rising 0.22%, and the NASDAQ leading with a 0.74% gain.

SECTOR SNAPSHOT✨

The market showed a mix of gains and losses, with Energy and Financials leading the positive momentum. Industrials and Materials also posted solid increases, reflecting broad-based support. Health Care and Consumer Discretionary managed modest gains, contributing to the overall positive sentiment. However, Information Technology and Communication Services faced declines, while Consumer Staples and Real Estate saw minor setbacks. Utilities added a steady gain, rounding out a day of selective strength across sectors.

PreMarket Unusual Volume Stocks

📈 Focus Universal Inc (FCUV): Focus Universal Inc experienced a significant increase in trading activity with a volume of 22,333,977, far exceeding its average volume of 255,800. This surge in activity led to a 72.80% price change, reflecting heightened market interest.

📈 Brenmiller Energy Ltd (BNRG): Brenmiller Energy Ltd saw an extraordinary surge in volume, trading 10,280,814 shares compared to its average of 779,670. This dramatic increase resulted in a 132.52% price change, indicating strong investor activity.

📈 LogicMark Inc (LGMK): LogicMark Inc's trading volume rose to 11,162,655, significantly higher than its average of 1,956,450. The stock's price change of 12.82% mirrors this spike in trading volume.

📈 Catheter Precision Inc (VTAK): Catheter Precision Inc saw its volume rise to 179,989, far surpassing its average of 63,050. Despite the increased trading activity, the stock experienced a -37.49% price change.

📈 Paltalk Inc (PALT): Paltalk Inc's volume spiked to 116,210, a substantial increase from its average of 55,080. Despite the increased trading activity, the stock experienced a -31.32% price change.

Premarket Picks

Brenmiller Energy Ltd (BNRG) is trading at $1.3800 in pre-market, up 105.05% at 7:31 AM EDT after reporting its first half 2024 financial results and announcing upcoming catalysts, including project milestones potentially worth up to $500 million. The company also entered a $1.05 million private placement at a 52% premium and is expanding its bGen™ technology into cooling AI data centers with a new Cold Thermal Energy Storage solution, the bGen™ Cool.

Intuitive Machines, Inc. (LUNR) is gaining traction, trading at $5.8200 in pre-market, up 20.75% after securing a $116.9 million NASA contract to deliver science and technology payloads to the Moon's south pole.

Emergent BioSolutions Inc. (EBS) is making headlines, trading at $10.30 in pre-market, up 15.60% at 7:40 AM EDT after gaining FDA approval for its ACAM2000 vaccine, expanding its use to include the prevention of Mpox.

MongoDB, Inc. (MDB) is trading at $284.54 in pre-market, up 15.80% after the company reported a strong beat-and-raise Q2 fiscal 2025 report, with adjusted EPS of $0.70 surpassing the $0.49 estimate and revenue of $478.1 million exceeding expectations and growing 13% year-over-year.

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

Top Upgrades:

1. 1-800-FLOWERS.COM, Inc. (FLWS)

Analyst Firm: DA Davidson
Upgrade: Underperform to Neutral
Price Target: $7
Yesterday’s Close: $7.91

DA Davidson has upgraded its rating for FLWS stock from Underperform to Neutral, setting a new price target of $7. Analyst price targets for FLWS range from a low of $8.00 to a high of $13.00, with a median target of $11.00 and an average of $10.67.

As a leading provider of gifts, 1-800-FLOWERS.COM seeks to inspire customers to give more, connect more, and build stronger relationships through their wide range of offerings.

2. CrowdStrike Holdings, Inc. (CRWD)

Analyst Firm: Bernstein
Upgrade: Outperform
Price Target: $334 (Previous: $315)
Yesterday’s Close: $271.67

Bernstein analyst Peter Weed has increased the price target for CrowdStrike Holdings, Inc. to $334 from $315, maintaining an Outperform rating following the company’s Q2 earnings report. CrowdStrike, a global leader in cybersecurity, offers a broad range of cloud-based solutions that protect endpoints, cloud workloads, identity, and data from various digital threats. Analyst price targets for CrowdStrike vary widely, from a low of $185.00 to a high of $540.00, with a median of $325.00 and an average of $330.62, reflecting strong confidence in the company’s market leadership and growth potential.

3. Abercrombie & Fitch Co. (ANF)

Analyst Firm: Citi
Upgrade: Neutral to Buy
Price Target: $190
Yesterday’s Close: $142.22

Citi has upgraded Abercrombie & Fitch Co. from Neutral to Buy, maintaining the price target at $190. Analyst price targets for Abercrombie & Fitch range from a low of $147.00 to a high of $215.00, with a median of $190.00 and an average of $184.43.

Abercrombie & Fitch is a global, digitally-led, omnichannel specialty retailer that offers apparel and accessories designed to meet the diverse lifestyle needs of customers ranging from kids to millennials.

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.