Good Morning, Traders!…👋

Stock futures were mixed on Monday as investors braced for a busy week of earnings reports and key economic data, which will offer an early look at how the U.S. economy is responding to President Trump’s tariffs.

Broader economic news will dominate the coming days, with investors eagerly awaiting Wednesday’s release of the Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditures (PCE) index. This will shed light on the impact of tariffs on the public’s "core" expenses.

The April jobs report is also on the horizon, with the labor market continuing to show resilience despite signs of economic slowdown. Economists expect the U.S. economy to have added 133,000 nonfarm payroll jobs last month, with the unemployment rate holding steady at 4.2%.

Earnings Watch

Earnings drop today from Domino’s Pizza $DPZ ( ▲ 1.88% )  and Nucor $NUE ( ▲ 0.61% )  before open, plus NXP Semiconductors $NXPI ( ▲ 0.87% )  , Waste Management $WM ( ▲ 0.81% )  , and Cadence Design $CDNS ( ▲ 0.88% )  after close.

Analysts expect Domino’s to deliver $4.22 EPS with delivery strength, Nucor to hit $2.45 EPS on steel demand, NXPI at $3.29 EPS with chip growth, WM to post $1.89 EPS, and Cadence at $1.45 EPS—could these beats fuel gains?

Happening Today

✓ 08:30 AM ET – Goods Trade Balance (Mar)

✓ 08:30 AM ET – Retail Inventories Ex Auto (Mar)

✓ 10:00 AM ET – CB Consumer Confidence (Apr)

✓ 10:00 AM ET – CB Consumer Confidence (Apr)

✓ 10:00 AM ET – JOLTS Job Openings (Mar)

✓ 10:00 AM ET – Atlanta Fed GDPNow (Q1)

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

✓ 04:30 PM ET – API Weekly Crude Oil Stock

PREMARKET SNAPSHOT 📈

​U.S. stock futures are down, with the S&P 500, Dow, and Nasdaq all showing declines.​

SECTOR SNAPSHOT✨

Markets showed a mixed tone on Friday as information technology and consumer discretionary sectors led gains, while communication services and health care posted modest advances. Industrials were flat, while consumer staples, energy, financials, materials, real estate, and utilities edged lower, reflecting cautious sentiment across defensive and cyclical areas.

PreMarket Unusual Volume Stocks

📈 AGM Group Holdings Inc. $AGMH is showing strong pre-market momentum with a gain of over 31%. Volume has surged to 70.19M shares compared to its average of 6.86M, highlighting aggressive early buying activity.

📈 ParaZero Technologies Ltd. $PRZO is up nearly 12% in pre-market action, with volume reaching 141.66K shares versus an average of 17.18K, suggesting a notable spike in early trading interest.

📈 Pony AI Inc. $PONY is trading higher by almost 9% pre-market. Volume has climbed to 356.05K shares compared to an average of 187.66K, reflecting increased early attention.

📈 Bit Origin Limited $BTOG is up over 12% early this morning. Pre-market volume sits at 5.63M shares, well above its typical average of 3.18M, signaling growing momentum.

📈 Jayud Global Logistics Limited $JYD is also on the move, gaining over 5% pre-market with volume at 2.43M shares compared to its average of 1.66M, hinting at strengthening early buying interest.

Premarket Picks

SAG Holdings Ltd (INEO) surged 109.90% as of the last pre-market check to $2.12 after announcing a strategic rebranding, changing its name to Inneova Holdings.

Portage Biotech Inc. (PRTG) jumped 46.51% to $12.38 as of the last check during pre-market session, driven by confirmatory preclinical results reported in its First-In-Human trial.

Amplify Energy Corp. (AMPY) gained 13.01% during pre-hours trades to $3.04 following the termination of its previously announced merger agreement.

iOThree Limited (IOTR) rose 7.34% to $0.9899 as of the last check during pre-market activity, after securing ClassNK approval for its Planned Maintenance System (PMS).

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

Top Upgrades:

1. Procter & Gamble Co. (PG)

Analyst Firm: RBC Capital
Analyst: Nik Modi
Rating Change: Sector Perform → Outperform
Price Target: Raised from $164 to $177
Last Close: $160.92
Implied Upside (Analyst): 9.99%
Consensus Upside: 7.37%

RBC Capital upgraded Procter & Gamble to Outperform from Sector Perform, citing renewed confidence in the company's diversified product portfolio and pricing power. The firm raised its price target to $177, suggesting a near 10% upside. Broader Wall Street sentiment remains cautiously optimistic, forecasting a 7.37% gain over the next 12 months.

2. RenaissanceRe Holdings Ltd. (RNR)

Analyst Firm: Morgan Stanley
Analyst: Michael Phillips
Rating Change: Equal-Weight → Overweight
Price Target: Increased from $235 to $275
Last Close: $235.35
Implied Upside (Analyst): 16.85%
Consensus Upside: 18.19%

Morgan Stanley upgraded RenaissanceRe Holdings to Overweight, emphasizing its strong reinsurance positioning amid an improving pricing cycle. The updated $275 price target points to almost 17% upside potential. Street consensus aligns closely, targeting an average 18.19% gain based on the company's earnings strength and underwriting discipline.

3. Keurig Dr Pepper Inc. (KDP)

Analyst Firm: HSBC
Analyst: Rajesh Kumar
Rating Change: Hold → Buy
Price Target: Increased from $36 to $42
Last Close: $34.96
Implied Upside (Analyst): 20.14%
Consensus Upside: 13.37%

HSBC upgraded Keurig Dr Pepper to Buy from Hold, reflecting stronger revenue momentum and expanding margins across its beverage portfolio. With the price target lifted to $42, the analyst sees over 20% upside. Street consensus also points to a positive trajectory, forecasting a 13.37% return over the next year.

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.