Good Morning, Traders!…👋

U.S. stock futures are sharply lower Monday as investors face growing doubts that the Federal Reserve will cut interest rates anytime soon. Friday’s hotter-than-expected jobs report has rattled Wall Street, reinforcing the Fed’s case for keeping borrowing costs elevated—a move that could pressure the market’s lofty valuations.

Investor sentiment could worsen this week with Wednesday’s Consumer Price Index (CPI) report, which is expected to show a rise in inflation for December. A higher reading would further support the Fed’s decision to hold rates steady. Markets are bracing for deeper losses after stocks tumbled in reaction to Friday’s strong nonfarm payrolls data.

Meanwhile, bond yields continue their upward climb, with the 10-year U.S. Treasury yield rising to 4.799% and the 2-year yield ticking up to 4.428%.

Happening Today

✓ 11:00 AM ET – NY Fed 1-Year Consumer Inflation Expectations (Dec)

✓ 02:00 PM ET – Federal Budget Balance (Dec)

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

PREMARKET SNAPSHOT 📈

Market futures are sharply lower, with the S&P 500, Dow, and NASDAQ all posting significant declines.

SECTOR SNAPSHOT✨

Markets faced widespread losses as most sectors closed in the red. Financials and real estate led the declines, each falling sharply, while information technology and consumer discretionary also posted significant drops. Industrials, materials, and communication services followed suit with notable losses. Energy was the only sector to show resilience, posting modest gains. Overall, market sentiment remained bearish, reflecting investor caution.

PreMarket Unusual Volume Stocks

📈 Vision Marine Technologies Inc (VMAR) jumped 41.45% to $2.15 on a whopping 175.57 million shares traded.

📈 Investors went wild, sending DatChat Inc (DATS) stock soaring 50.47% to $4.83 on a massive volume of 158.65 million shares.

📈 Abnormal activity shook Senseonics Holdings Inc (SENS), pushing it up 80.62% to $0.78 on a whopping 129.33 million shares traded.

📈 Crown LNG Holdings Limited (CGBS) stock recently closed 28.83% upper at $0.96 on substantial volume of 99.82 million shares.

📈 Gryphon Digital Mining Inc (GRYP) increase by 19.72% in a single trading session, with abnormally high trading volume of 92.58 million shares.

Premarket Picks

Cellectar Biosciences, Inc. (CLRB) is seeing a pre-market surge of 39.56%, with shares reaching $0.39. The increase follows the company's announcement that it will highlight its 2025 strategic initiatives at the Biotech Showcase, which takes place from January 13-15, 2025, in San Francisco during the 43rd Annual JP Morgan Healthcare Conference.

Sage Therapeutics, Inc. (SAGE) is up 39.10% in pre-market trading, with shares priced at $7.72. This surge comes after the company confirmed that Biogen Inc. has submitted an unsolicited, nonbinding proposal to acquire all of Sage's outstanding shares not already owned by Biogen for $7.22 per share.

Intra-Cellular Therapies, Inc. (ITCI) is experiencing a 35.48% pre-market surge, with shares at $128.53. The rise follows Johnson & Johnson's agreement to acquire the company for $132.00 per share in cash, a transaction valued at approximately $14.6 billion.

EverCommerce Inc. (EVCM) has seen a pre-market gain of 28.23%, with shares at $12.99. The increase follows the announcement that Evan Berlin has been appointed as the leader of EverHealth, the company's healthcare vertical, reporting to CEO Eric Remer.
Below is a complete list of hot stocks in pre-market today:

Top Upgrades:

Caterpillar Inc. (CAT)

Analyst Firm: Evercore ISI

Upgraded: Underperform to In Line

Price Target: $365

Friday's Close: $351.00

Evercore ISI analyst David Raso raised Caterpillar's rating to "In Line" from "Underperform" and set a target price of $365.

Caterpillar Inc. (CAT), a leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives, has a stock price target with a high of $515.00, a median of $378.00, a low of $250.00, and an average of $387.32.

Ardagh Metal Packaging S.A. (AMBP)

Analyst Firm: Morgan Stanley

Upgraded: Underweight to Equal Weight

Price Target: $3.10

Friday's Close: $2.68

Morgan Stanley upgraded Ardagh Metal Packaging to "Equal Weight" from "Underweight," with a new price target of $3.10, reduced from $3.60.

Ardagh Metal Packaging S.A. (AMBP), which supplies consumer metal beverage cans across Europe, the United States, and Brazil, has a stock price target ranging from a high of $4.00, a median of $3.65, a low of $2.75, with an average of $3.52.

Crown Holdings, Inc. (CCK)

Analyst Firm: Morgan Stanley

Upgraded: Equal Weight to Overweight

Price Target: $105

Friday's Close: $78.77

Morgan Stanley also raised Crown Holdings to "Overweight" from "Equal Weight," with a revised target price of $105, down from $109.

Crown Holdings, Inc. (CCK), a prominent packaging company with operations in the United States and internationally, has a stock price target that includes a high of $129.00, a median of $109.00, a low of $88.00, and an average of $109.00.

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.