🔥 Quick! These Stocks Are Moving—Fast!

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Good Morning, Traders!…👋

U.S. stock futures edged higher early Friday, aiming to close out the first full week of earnings season on a positive note.

On Thursday, the Dow Jones Industrial Average slipped 141 points (0.33%) to 42,374, weighed down by declines in IBM and Boeing. Meanwhile, the S&P 500 gained 12 points (0.21%) to 5,810, with help from Tesla, and the Nasdaq Composite added 139 points (0.76%) to finish at 18,415.

Looking ahead, Colgate-Palmolive is set to release earnings today, alongside economic data on durable goods orders and the University of Michigan’s consumer sentiment report.

According to LSEG data, 159 S&P 500 companies have already reported third-quarter results, showing 3.6% earnings growth on 3.3% revenue growth. The remaining companies are expected to improve those figures, bringing earnings growth to 4.3% and revenue growth to 4.2%.

The S&P 500 currently trades at a trailing price-to-earnings ratio of 24.7 and a forward P/E ratio of 21.9, based on LSEG data.

Happening Today

✓ 08:30 AM ET – Durable Goods Orders (MoM) (Sep)

✓ 10:00 AM ET – Michigan Consumer Expectations (Oct)

✓ 10:30 AM ET – Atlanta Fed GDPNow (Q3)

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

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

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PREMARKET SNAPSHOT 📈

Market futures are up, with the S&P 500 rising 0.21%, the Dow gaining 0.16%, and the NASDAQ increasing 0.23%.

S&P500

$5861.25

⬆️ 0.21%

Dow

$42675.00

⬆️ 0.16%

NASDAQ

$20427.75

⬆️ 0.23%

SECTOR SNAPSHOT

Yesterday's market showcased a strong performance in several sectors, led by Consumer Discretionary, which saw a significant increase, reflecting renewed investor confidence. Financials and Real Estate also managed to post modest gains, contributing positively to the overall sentiment. Information Technology and Communication Services followed suit with slight upticks. However, Consumer Staples, Energy, and Health Care faced declines, indicating some pressure in those areas. Industrials and Materials also recorded losses, while Utilities experienced a minor drop. Overall, it was a day marked by selective strength amidst broader challenges in certain sectors.

Name

Price

Change Percentage

Consumer Discretionary

1,602.74

+3.24% 🟢

Consumer Staples

879.25

-0.22% 🔴

Energy

690.49

-0.19% 🔴

Financials

783.86

+0.08% 🟢

Health Care

1,740.74

-0.68% 🔴

Industrials

1,147.61

-0.71% 🔴

Materials

596.05

-1.42% 🔴

Real Estate

278.54

+0.22% 🟢

Information Technology

4,508.39

+0.21% 🟢

Communication Services

312.99

+0.24% 🟢

Utilities

414.26

-0.71% 🔴

 

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PreMarket Unusual Volume Stocks

📈 ARB IOT Group Ltd (ARBB) is showing strong pre-market activity, with over 17.8 million shares traded, far exceeding its average volume of 143K. The stock has risen 45.63%, bringing its pre-market price to $0.48. This sharp increase in both volume and price suggests heightened investor interest.

📈 Safe & Green Holdings Corp (SGBX) has seen substantial pre-market movement, with over 10.6 million shares traded against its average volume of 97K. The stock has surged 85.71%, pushing its pre-market price to $1.95. This considerable jump signals strong demand from investors.

📈 Jeffs Brands Ltd (JFBR) is experiencing significant pre-market volume, trading over 26.3 million shares compared to its average of 796K. The stock has gained 49.24%, bringing its pre-market price to $0.41. This sharp rise indicates growing momentum as the market prepares to open.

📈 Edible Garden AG Inc (EDBL) has traded over 9.7 million shares pre-market, well above its average volume of 1.45 million. The stock is up 67.04%, with a pre-market price of $0.36. This substantial gain reflects strong early market sentiment.

📈 Lyell Immunopharma Inc (LYEL) has seen pre-market activity of over 2.7 million shares, compared to its average volume of 667K. The stock is up 5.50%, bringing its pre-market price to $1.15. This moderate gain could indicate positive sentiment heading into the trading session.

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Premarket Picks

Jeffs' Brands Ltd (JFBR) is trading at a pre-market price of $0.4412, reflecting a significant surge of 61.02%. This increase follows the company's announcement that it received an extension for the NASDAQ minimum bid price requirement.

Faraday Future Intelligent Electric Inc. (FFIE) is seeing a remarkable pre-market price of $2.6300, with a surge of 31.50%. This boost is attributed to the company's new co-investment agreement with Master Investment Group, led by Sheikh Abdulla Al Qassimi, a member of the royal family and Deputy Chairman of Customs in Ras Al Khaimah.

Lyell Immunopharma, Inc. (LYEL) has a pre-market price of $1.28, experiencing a surge of 17.43%. This increase follows the announcement of a definitive agreement to acquire ImmPACT Bio USA Inc., a clinical-stage biotechnology company.

McGrath RentCorp (MGRC) is trading at $120.00 in pre-market, up 14.05%. This rise comes after the company reported its third quarter 2024 results, revealing revenues of $266.8 million from continuing operations, marking a 10% increase compared to the same quarter last year.

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

Pre Market Gainers

Pre Market Change

Pre Market Volume

JFBR

+59.30%

23.66M

ARBB

+61.46%

16.14M

SGBX

+90.48%

7.37M

FFIE

+37.00%

6.45M

LYEL

+18.35%

2.11M

XPON

+13.64%

1.13M

PHUN

+10.38%

694.34K

IBRX

+14.01%

556.41K

NXL

+11.16%

519.86K

SGD

+2.97%

262.13K

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Top Upgrades:

1. Air Products and Chemicals, Inc. (APD)

Analyst Firm: Redburn Atlantic
Upgrade: Sell to Neutral
Price Target: $330
Yesterday's Close: $322.10

Colin Isaac, an analyst at Redburn Atlantic, upgraded Air Products from "Sell" to "Neutral," setting a price target of $330.

Air Products (NYSE: APD) is a global leader in industrial gases, with over 80 years of experience, committed to energy and sustainability initiatives.

The stock price target ranges from a high of $385.00 to a low of $255.00, with a median of $333.00 and an average target of $331.90. The company is advancing large-scale clean hydrogen projects to support the transition to low-carbon energy solutions.

2. Denny's Corporation (DENN)

Analyst Firm: Citi
Upgrade: Neutral to Buy
Price Target: $7.50
Yesterday's Close: $6.26

Citi upgraded Denny’s Corporation from "Neutral" to "Buy," raising the price target from $7 to $7.50.

Denny's operates one of the largest restaurant chains in the United States, with 1,586 locations under the Denny's and Keke’s brands, of which 1,514 are franchised.

Analysts have set stock price targets with a high of $15.00, a median of $8.00, and a low of $6.00, resulting in an average target of $9.07.

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3. TC Energy Corporation (TRP)

Analyst Firm: Morgan Stanley
Upgrade: Underweight to Overweight
Price Target: $56.33
Yesterday's Close: $46.99

Morgan Stanley significantly upgraded TC Energy from "Underweight" to "Overweight," with a price target of $56.33.

TC Energy is focused on delivering safe and reliable energy solutions across North America.

The company has set its sights on reducing emissions while building a sustainable energy system. Analyst projections for TC Energy’s stock price target include a high of $56.32, a median of $46.26, a low of $39.13, and an average of $46.30.

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.

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