Good Morning, Traders!…👋

U.S. stock futures inched higher on Thursday, continuing the market's recovery from recent tariff-related concerns. The S&P 500 closed in positive territory on Wednesday, overcoming disappointing earnings from Alphabet, Google’s parent company. Despite the tech setback, investor sentiment remained resilient, pushing the broader market higher.

Attention now shifts to Amazon, which is set to report earnings after the bell. Investors are particularly focused on the performance of its cloud-services division, following lackluster results from both Alphabet and Microsoft earlier this week. The outcomes from Amazon’s report could play a pivotal role in influencing tech sector momentum moving forward.

In broader market activity, benchmark Treasury yields edged up, with the 10-year yield settling at 4.421% on Wednesday after a slight decline in the previous session. Meanwhile, the U.S. dollar gained ground against most major currencies, though the WSJ Dollar Index slipped for the third consecutive day, reflecting mixed currency market dynamics.

Happening Today

✓ 08:30 AM ET – Initial Jobless Claims

✓ 08:30 AM ET – Nonfarm Productivity (QoQ) (Q4)

✓ 08:30 AM ET – Unit Labor Costs (QoQ) (Q4)

✓ 02:30 PM ET – Fed Waller Speaks

PREMARKET SNAPSHOT 📈

As of February 6, 2025, U.S. stock futures are exhibiting mixed movements ahead of significant corporate earnings reports. The S&P 500 futures have increased by 0.08% to $6,091.50, the Dow Jones Industrial Average futures have risen by 0.02% to $45,014.00, while the Nasdaq futures have slightly decreased by 0.06% to $21,751.50. Investors are closely monitoring upcoming earnings from major companies, including Amazon.com, which is set to report after markets close. Additionally, a temporary pause in the escalation of U.S. tariffs has provided markets with some reprieve.

SECTOR SNAPSHOT✨

Yesterday markets showed mixed signals, with strong gains in Information Technology, Real Estate, and Financials, while Health Care and Utilities also posted solid increases. Energy edged up slightly, and Industrials remained flat. On the downside, Consumer Discretionary and Communication Services faced notable declines, with the latter dropping sharply. Consumer Staples held firm, while Materials dipped marginally, reflecting cautious investor sentiment.

PreMarket Unusual Volume Stocks

📈 Lipella Pharmaceuticals Inc (LIPO) is demonstrating strong pre-market momentum, trading 13.73 million shares compared to its average of 126,330. The stock has surged 140.31%, indicating heightened investor interest.

📈 Digital Ally Inc (DGLY) has seen pre-market volume spike to 12.00 million shares, significantly above its average of 563,350. Despite the high volume, the price has shown only a modest 0.85% gain.

📈 Rani Therapeutics Holdings Inc (RANI) is attracting attention with pre-market volume reaching 8.08 million shares, well above its average of 592,220. The stock is up 24.31%, reflecting strong early buying activity.

📈 SharpLink Gaming Inc (SBET) is experiencing unusual volume in pre-market trading, with 7.46 million shares exchanged versus an average of 946,080. The stock has climbed 30.90%, pointing to increased speculative interest.

📈 Cyngn Inc (CYN) continues to be active in pre-market trading, with volume at 23.25 million shares against an average of 17.31 million. The stock has risen 8.90%, indicating steady investor engagement.

Premarket Picks

Lipella Pharmaceuticals Inc. (LIPO) saw a significant pre-market surge of 69.46%, with the stock trading at $4.44. This jump comes after the company was granted FDA approval for its Expanded Access Program for LP-310 in the treatment of Oral Lichen Planus.

Sangoma Technologies Corporation (SANG) experienced a 55.52% pre-market surge, with shares priced at $10.98. The company reported strong Second Quarter Fiscal 2025 results, showing a 29.7% year-over-year increase in net cash provided by operating activities, surpassing 100% of Adjusted EBITDA for the fourth consecutive quarter.

Rani Therapeutics Holdings, Inc. (RANI) saw an 18.75% increase in its pre-market price, which is now at $1.71. This surge follows the announcement of preclinical data demonstrating the successful oral delivery of Semaglutide via the RaniPill HC.

BigBear.ai Holdings, Inc. (BBAI) rose by 10.13% in pre-market trading, with its stock priced at $7.83. This increase follows the announcement that the company won a Department of Defense contract to prototype a near-peer adversary geopolitical risk analysis for the Chief Digital and Artificial Intelligence Office (CDAO).

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

Top Upgrades:

1. Hayward Holdings, Inc. (HAYW)

Analyst Firm: Stifel
Upgraded: Hold to Buy
Price Target: $16.5
Yesterday's Close: $14.60

Stifel upgraded Hayward Holdings, Inc. (HAYW) from Hold to Buy, setting a price target of $16.5, which implies a 13.01% potential upside from its closing price of $14.60 yesterday.

The stock price target for Hayward Holdings ranges from a high of $18.00, a median of $16.00, to a low of $14.00, with an average target of $16.21. Hayward Holdings designs, manufactures, and sells pool equipment and automation systems worldwide.

2. Cirrus Logic, Inc. (CRUS)

Analyst Firm: Benchmark
Upgraded: Hold to Buy
Price Target: $125
Yesterday's Close: $109.34

Benchmark raised its rating on Cirrus Logic, Inc. (CRUS) from Hold to Buy, with a new price target of $125, reflecting a potential upside of 14.33% from its last close of $109.34.

Cirrus Logic’s stock price target ranges from a high of $140.00, a median of $132.50, to a low of $115.00, with an average target of $130.83. The company is a fabless semiconductor firm that develops low-power, high-precision processing solutions globally.

3. Simon Property Group, Inc. (SPG)

Analyst Firm: Piper Sandler
Upgraded: Neutral to Overweight
Price Target: $205
Yesterday's Close: $179.11

Piper Sandler upgraded Simon Property Group, Inc. (SPG) from Neutral to Overweight, assigning a price target of $205, which suggests a potential upside of 14.46% from yesterday's closing price of $179.11.

Simon Property Group’s stock price target ranges from a high of $220.00, a median of $191.00, to a low of $160.00, with an average target of $189.18. Simon Property Group is a leading real estate investment trust (REIT) that manages retail and mixed-use properties.

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.