Good Morning, Traders!…👋

U.S. stock futures edged lower Wednesday, pausing after Tuesday’s rally fueled by easing tariff tensions. Investors are now shifting focus to upcoming earnings from AI heavyweight Nvidia, along with key developments on trade and monetary policy.

Options market activity signals rising caution, with defensive contracts gaining traction—particularly in the VanEck Semiconductor ETF, the largest chip-sector fund. Most megacap and growth names, including Amazon and Meta, traded slightly lower in premarket action, both down 0.4%.

The White House has officially delayed implementation of the proposed 50% tariffs on European imports until July 9, allowing time for further negotiations with the EU.

Later today, markets will parse the Federal Reserve’s latest meeting minutes at 2 p.m. ET for signals on the future rate path. Looking ahead, April’s Personal Consumption Expenditures (PCE) report—the Fed’s preferred inflation measure—and the second estimate of Q1 GDP will be released later this week.

Earnings Watch

Earnings hit today from Dick’s Sporting Goods $DKS, Abercrombie & Fitch $ANF, and Macy’s $M before open, plus NVIDIA $NVDA, Salesforce $CRM, and HP $HPQ after close.

Analysts expect DKS to post $3.29 EPS with retail strength, ANF to hit $2.45 EPS on fashion demand, Macy’s at $0.12 EPS, NVIDIA to deliver $0.78 EPS with AI chip buzz, CRM at $2.45 EPS, and HPQ at $0.85 EPS.

Happening Today

✓ 06:00 AM ET – OPEC Meeting

✓ 09:00 AM ET – FOMC Member Williams Speaks

✓ 12:00 PM ET – 5-Year Note Auction

✓ 02:00 PM ET – FOMC Meeting Minutes

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

PREMARKET SNAPSHOT 📈

U.S. equity futures are slightly lower this morning as investors exercise caution ahead of Nvidia’s earnings report, following a strong rally in the previous session driven by easing trade tensions.

SECTOR SNAPSHOT✨

Stocks surged across the board in the last session, with all sectors finishing in the green. Consumer discretionary and information technology led the rally, each posting strong gains, while communication services and financials also delivered solid performances. Industrials, materials, and health care showed strength as well, contributing to broad market momentum. Energy, utilities, and consumer staples added moderate support, and real estate rounded out the session with a healthy advance.

PreMarket Unusual Volume Stocks

📈 $BROG surged 44% with pre-market volume at 1.6M shares—up over 2,300% from average. The spike signals heightened interest, possibly linked to energy market developments or news speculation.

📈 $JFBR climbed 19% on volume of 3.85M, marking a 2,318% increase. This micro-cap is drawing early trader attention, often a sign of speculative momentum or retail-driven buzz.

📈 $CGBS jumped 84% with an explosive 156M shares traded—though only modestly above average, the sheer volume suggests heavy penny-stock interest today.

📈 $JYD edged up 6% as volume topped 334K, rising 127% from usual. While the move is small, early buying pressure hints at quiet accumulation or logistics-related interest.

📈 $VERU gained 37% pre-market with 3.84M in volume—up nearly 58%. The biotech stock is drawing strong interest, potentially on industry news or company-specific catalysts.

Premarket Picks

Safe & Green Holdings Corp. (SGBX) saw a remarkable pre-market surge of 230.92%, trading at $1.83. The spike follows news that the company has entered into a contract with Three Pines Leasing of Ocilla, Georgia, to supply multiple modular units, which are expected to be leased by a U.S. government agency.

Box, Inc. (BOX) is up 12.56% in pre-market trading, reaching $35.40. The gain comes after the company reported its first-quarter fiscal 2026 financial results, which appear to have impressed investors.

Jeffs' Brands Ltd (JFBR) climbed 18.52% in pre-market activity, priced at $0.48. The rise is linked to the company's upcoming launch of a new AI-powered pest control mobile app, set to be released on both Apple iOS and Android platforms.

Brooge Energy Limited (BROG) jumped 49.21% to $4.76 in pre-market trading. The surge follows the announcement of the proposed sale of its subsidiaries, BPGIC FZE and BPGIC Phase III FZE.

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

Top Upgrades:

1. Noble Corporation plc (NE)

Analyst Firm: JPMorgan
Upgraded: Neutral to Overweight
Price Target: $30
Friday's Close: $24.73

JPMorgan analyst Arun Jayaram raised his rating on Noble Corp. from Neutral to Overweight, setting a new price target of $30. Analysts have set a wide range of price targets for Noble Corporation, with a high of $44.00, a median of $30.00, and a low of $21.00. The average price target stands at $31.40. Noble operates globally as an offshore drilling contractor, serving the oil and gas industry.

2. XP Inc. (XP)

Analyst Firm: Grupo Santander
Upgraded: Neutral to Outperform
Price Target: $22
Friday's Close: $19.25

Grupo Santander boosted its rating on XP Inc. from Neutral to Outperform, assigning a target price of $22. For XP Inc., which offers financial products and services in Brazil, analysts expect the stock to reach as high as $24.00 or drop as low as $17.00. The average target price is currently $20.

3. Fair Isaac Corporation (FICO)

Analyst Firm: Baird
Upgraded: Neutral to Outperform
Price Target: $1,900
Friday's Close: $1,503.62

Baird upgraded its view on FICO from Neutral to Outperform and set a price target of $1,900. Fair Isaac Corporation, known for its decision automation software used by businesses worldwide, has an analyst high target of $3,700.00 and a low of $852.00. The median is set at $2,230.00, with an average target price of $2,196.06.

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.