Good Morning, Traders!…👋

U.S. stock futures held steady early Tuesday as investors digested fresh trade tensions sparked by President Trump’s latest tariff threats. The president unveiled plans for steep duties ranging from 25% to 40% on imports from 14 countries, with the measures set to take effect on August 1. The list includes key U.S. partners such as Japan, South Korea, Malaysia, South Africa, and Indonesia.

Markets came under pressure Monday after Trump shared letters on Truth Social addressed to foreign leaders, warning of the impending tariffs. He also signed an Executive Order officially delaying the return of sweeping “Liberation Day” levies from July 9 to August 1.

In response, South Korea pledged to accelerate trade talks with Washington, viewing the delay as an extension of a grace period to avoid penalties.

Beyond the trade headlines, the week is expected to be relatively quiet on the economic front. Investors are awaiting minutes from the Federal Reserve’s June meeting on Wednesday, while Delta Air Lines (DAL) is set to kick off the second-quarter earnings season on Thursday unofficially.

Earnings Watch

Earnings hit today from Byrna Technologies $BYRN and Kura Sushi $KRUS before open, plus Aehr Test Systems $AEHR, Saratoga Investment $SAR, and Penguin Solutions $PENG after close.

Analysts expect BYRN to post $0.02 EPS with less-lethal security demand, KRUS to hit $0.08 EPS, AEHR at $0.12 EPS with chip testing strength, SAR at $0.92 EPS, and PENG at $0.45 EPS—could these beats spark rallies?

Happening Today

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

✓ 12:00 PM ET – EIA Short-Term Energy Outlook

✓ 01:00 PM ET – 3-Year Note Auction

✓ 03:00 PM ET – Consumer Credit (May)

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

SECTOR SNAPSHOT✨

On the last trading day, most sectors experienced declines, with Consumer Discretionary, Energy, and Financials seeing the largest drops. Only Consumer Staples and Utilities managed slight gains, indicating broad market weakness potentially driven by wider economic concerns or profit-taking after recent positive movements.

PreMarket Unusual Volume Stocks

📈 ENDRA Life Sciences Inc. (NDRA) is surging +59.12% to $3.46 on monumental volume, continuing its rebound from previous declines and possibly fueled by technical signals and long-term price targets from analysts, despite earlier non-compliance issues.

📈 Optical Cable Corporation (OCC) is up +32.32% at $3.62 with high volume, following yesterday's announcement of a strategic collaboration with Lightera, LLC, which includes Lightera acquiring a 7.24% stake in OCC to expand into data center and enterprise sectors.

📈 Asset Entities Inc. (ASST) is gaining +9.89% to $6.98 with strong volume, building on recent news of regaining Nasdaq compliance and a significant private investment to fund Bitcoin accumulation, though short interest remains elevated.

📈 Viomi Technology Co., Ltd (VIOT) is seeing a +19.32% rise to $2.64 with notable volume, amid recent positive momentum from a strategic pivot to AI-driven water purification and efforts to address Nasdaq non-compliance.

📈 Mullen Automotive, Inc. (MULN) is up +6.54% at $0.2400 with increased volume, following its recent settlement of a dispute with GEM Group that involved transferring a manufacturing facility, as well as announcements about accepting cryptocurrency for vehicle purchases.

Premarket Picks

Thumzup Media Corporation (TZUP) jumped 17.55% in pre-market trading, reaching $11.99. The surge comes after the company announced the closing of a $6.5 million registered direct offering of Series C Preferred Stock priced at $60.00 per share.

Optical Cable Corporation (OCC) soared 35.91% to $4.92 pre-market. The rally follows news of a strategic collaboration agreement with Lightera, LLC, aimed at expanding product offerings in the data center and enterprise sectors.

Wolfspeed, Inc. (WOLF) rose 14.95% in early trading, hitting $2.69. The gain appears to be tied to the company’s filing of an 8-K form with the SEC, although specific details have not yet been disclosed.

CARGO Therapeutics, Inc. (CRGX) gained 5.23%, trading at $4.62 before the bell. The uptick came after news that the company will be acquired by Concentra Biosciences for $4.379 per share in cash, along with a Contingent Value Right.

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

Top Upgrades:

1. General Dynamics Corporation (GD)

Analyst Firm: Deutsche Bank
Upgraded: Hold to Buy
Price Target: $342
Yesterday's Close: $294.65

Deutsche Bank analyst Scott Deuschle raised his rating on General Dynamics from Hold to Buy and increased the stock's price target from $298 to $342. General Dynamics, a global aerospace and defense company, has received a range of analyst stock price targets. The high estimate is $330.00, with a median of $298.00, a low of $239.00, and an average target of $294.65.

2. Capital One Financial Corporation (COF)

Analyst Firm: TD Cowen
Upgraded: Hold to Buy
Price Target: $258
Yesterday's Close: $218.13

TD Cowen lifted its rating on Capital One from Hold to Buy, boosting the price target from $184 to $258. Capital One, which offers a broad range of financial services across the U.S., Canada, and the U.K., has analyst price targets ranging from a low of $160.00 to a high of $264.00. The median sits at $232.00, with an average of $228.05.

3. First Interstate BancSystem, Inc. (FIBK)

Analyst Firm: Barclays
Upgraded: Underweight to Equal Weight
Price Target: $32
Yesterday's Close: $30.71

Barclays improved its stance on First Interstate, upgrading it from Underweight to Equal Weight and raising the price target from $28 to $32. Serving U.S. markets through First Interstate Bank, this regional banking institution has a high price target of $38.00. The median target is $32.00, the low is $25.00, and the average comes in at $31.25.

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.