Good Morning, Traders!…👋

US stock futures dropped on Thursday, retreating after a historic rally in major indexes, amid rising concerns over President Trump's escalating trade confrontation with China.

On Wednesday, markets rallied as investors reacted to Trump's temporary pause in major tariff hikes, marking one of the largest single-day rallies since World War II. However, Wall Street is now focused on Trump’s drastic escalation of the trade battle, with tariffs on Chinese imports spiking to 125%, following China’s retaliatory hike to 84%.

Thursday’s economic data includes March's Consumer Price Index, offering a look at inflation before the tariffs, while jobless claims data will give a more immediate snapshot of the labor market. Several Federal Reserve officials are also set to speak, adding to the market’s uncertainty.

Earnings Watch

Earnings drop today from ADF Group $DRX.TO before open, plus Constellation Brands $STZ ( ▼ 1.15% )  and PriceSmart $PSMT ( ▼ 1.7% )  after close, among others.

Analysts expect ADF to forge $0.22 EPS on steel demand, Constellation to cheers $3.48 EPS with beverage strength, and PriceSmart to bag $1.41 EPS.

Happening Today

✓ 08:30 AM ET – Initial Jobless Claims

✓ 08:30 AM ET – Core CPI (MoM) (YoY) (Mar)

✓ 10:00 AM ET – FOMC Member Bowman Speaks

✓ 12:00 PM ET – WASDE Report

✓ 01:00 PM ET – 30-Year Bond Auction

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

PREMARKET SNAPSHOT 📈

​Market futures are indicating declines, with the S&P 500 down 1.56%, the Dow decreasing by 1.15%, and the NASDAQ dropping 1.87%.​

SECTOR SNAPSHOT✨

Markets roared back yesterday with a powerful rally across all sectors. Information technology led the surge with a massive 14% gain, followed by strong rebounds in consumer discretionary, communication services, and industrials. Financials and energy also posted impressive advances, signaling renewed investor confidence. Even typically defensive areas like consumer staples and utilities participated in the broad-based recovery, highlighting a sharp reversal in sentiment after days of heavy selling.

PreMarket Unusual Volume Stocks

📈 NextPlat Corp $NXPL ( ▲ 5.46% ) is showing strong pre-market momentum with a gain of nearly 7% and volume at 2.43M, surging past its average of 23K. The massive spike in activity suggests growing investor interest and potential speculative buying.

📈 Hydrofarm Holdings Group, Inc. $HYFM ( ▲ 2.51% ) is up over 33% early, with volume at 3.44M—well above its average of 160K. This unusual activity hints at a sharp shift in sentiment, possibly tied to news or a sector-wide move.

📈 Fangdd Network Group Ltd. $DUO ( ▼ 5.62% ) is trading higher by 5%, with pre-market volume of 395.71K, significantly above its typical 48K. The volume surge suggests traders are positioning ahead of the open, possibly in anticipation of follow-through.

📈 ReShape Lifesciences, Inc. $RSLS ( ▼ 3.95% ) has soared nearly 78% in pre-market action, with a whopping 22.63M shares traded versus its 4.02M average. This move is attracting momentum traders and signals aggressive early buying.

📈 iCoreConnect Inc. $ICCT ( ▼ 4.41% ) is up nearly 9.5% with 108.93K shares exchanged in pre-market, far outpacing its 25.5K average. The rise in volume and price could reflect growing bullish sentiment or renewed interest in the stock.

Premarket Picks

SUNation Energy Inc. (SUNE) saw a pre-market surge of 20.81%, with its price reaching $0.02. The company attributed this increase to recent capital transactions that have strengthened its balance sheet, improved cash flows, and enhanced financial flexibility, all of which are expected to support its long-term growth.

ReShape Lifesciences Inc. (RSLS) experienced a significant pre-market surge of 68.67%, with its price climbing to $0.58. The company announced an exclusive agreement with Motion Informatics to import and distribute their next-generation neuromuscular rehabilitation devices in the United States, driving investor enthusiasm.

Glen Burnie Bancorp (GLBZ) saw a pre-market jump of 58.96%, bringing its price to $8.25. The surge followed the announcement that its subsidiary, The Bank of Glen Burnie®, would be expanding its lending team to support its growth strategy in commercial banking and lending.

REE Automotive Ltd. (REE) gained 59.57% in pre-market trading, with its price rising to $4.46. The company was recognized as Frost & Sullivan’s 2025 Company of the Year in the North American Electric Medium-Duty Vehicle Platform Industry, a major accolade that has bolstered investor confidence.

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

Top Upgrades:

1. Danaher Corporation $DHR ( ▲ 0.33% )  

Analyst Firm: Barclays
Upgraded: Equal Weight to Overweight
Price Target: $205
Yesterday's Close: $191.89

Barclays raised its rating on Danaher to Overweight from Equal Weight, setting a target price of $205. Danaher Corporation (DHR) designs and sells professional, medical, research, and industrial products worldwide. Analyst estimates for its stock price target range from a high of $310.00 to a low of $205.00, with a median of $260.00 and an average of $258.48.

2. Sensata Technologies Holding plc $ST ( ▼ 1.62% )  

Analyst Firm: Goldman Sachs
Upgraded: Neutral to Buy
Price Target: $27
Yesterday's Close: $20.88

Goldman Sachs moved Sensata from Neutral to Buy, with a new target price of $27. Sensata Technologies Holding plc (ST) specializes in sensors, electrical protection components, and products for mission-critical systems globally. The stock price target estimates for Sensata Technologies range from a high of $45.00 to a low of $24.00, with a median of $33.00 and an average of $33.69.

3. BorgWarner Inc. $BWA ( ▼ 0.56% )  

Analyst Firm: Goldman Sachs
Upgraded: Neutral to Buy
Price Target: $34
Yesterday's Close: $26.89

Goldman Sachs also upgraded BorgWarner from Neutral to Buy, increasing its target price to $34 from $31. BorgWarner Inc. (BWA) provides solutions for combustion, hybrid, and electric vehicles around the world. Analysts have set a stock price target range for BorgWarner, with a high of $46.00, a low of $31.00, a median of $38.00, and an average of $37.64.

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.