Good Morning, Traders!…👋

U.S. stock futures are holding steady Wednesday night after a record-breaking session for equities. Dow Jones futures slipped 18 points (0.04%), while S&P 500 and Nasdaq-100 futures edged lower by 0.08% and 0.1%, respectively.

The focus now turns to key economic data, with initial jobless claims for the week ending November 30 set to be released Thursday morning at 8:30 a.m. ET. Additionally, all eyes are on Friday’s nonfarm payrolls report, which will provide crucial insights into the labor market.

According to CME’s FedWatch tool, there’s a 78% probability that the Federal Reserve will cut rates by a quarter point at its December 17-18 meeting, though the likelihood of a pause in January stands at 64%.

On the earnings front, Thursday brings pre-market reports from Dollar General, Signet Jewelers, and Kroger, while Hewlett Packard Enterprise and Ulta Beauty are set to release results in the afternoon.

Happening Today

✓ 08:30 AM ET – Initial Jobless Claims

✓ 08:30 AM ET – Imports & Exports (Oct)

✓ 08:30 AM ET – Trade Balance (Oct)

✓ 04:30 PM ET – Fed's Balance Sheet

PREMARKET SNAPSHOT 📈

Market futures are slightly down, with the S&P 500, Dow, and NASDAQ all showing modest declines.

SECTOR SNAPSHOT✨

Yesterday, the markets showed mixed performance across sectors. Consumer Discretionary was the standout, rising by 1.20%, while Information Technology and Industrials also saw gains, with increases of 1.77% and 0.44%, respectively. Communication Services posted a modest 0.62% gain. On the downside, Energy and Materials faced significant declines, down by 2.47% and 0.89%. Consumer Staples, Financials, Health Care, and Real Estate also ended the day in the red, with losses ranging from 0.07% to 0.39%. Utilities saw a slight increase of 0.02%, showing some resilience despite the broader market's challenges.

PreMarket Unusual Volume Stocks

📈 Psyence Biomedical Ltd (PBM) saw a strong surge in its stock price, climbing 45.24% to close at $3.66. The trading volume reached an impressive 11.3 million shares, well above its average of 121K, indicating significant investor enthusiasm around this biomedical firm.

📈 Bluejay Diagnostics Inc (BJDX) had a remarkable session, with its stock skyrocketing by 132.39%, closing at $9.04. The trading volume hit 6.4 million shares, dwarfing its average of 343K, reflecting heightened interest in its diagnostics technology.

📈 PainReform Ltd (PRFX) led the gains with a stunning 137.69% increase, ending the session at $6.37. The trading volume soared to 13 million shares, significantly surpassing its average of 1.07 million, signaling strong investor confidence in the company's performance.

📈 Mawson Infrastructure Group Inc (MIGI) posted a notable 24.81% increase, closing at $0.85. The trading volume was 7.49 million shares, well above its average of 807K, showcasing growing attention in its infrastructure initiatives.

📈 SRIVARU Holding Ltd (SVMH) continued to attract significant interest, gaining 32.34% to close at $0.03. The trading volume reached a massive 193.1 million shares, far exceeding its average of 32.9 million, highlighting strong market activity around the company.

Premarket Picks

PainReform Ltd. (PRFX) is soaring 147.395% pre-market to $6.63 after filing a 6-K form with the SEC.

Psyence Biomedical Ltd. (PBM) is up 24.90% pre-market to $3.21 following a shareholder update highlighting recent progress.

Verint Systems Inc. (VRNT) jumps 21.87% pre-market to $31.65 after announcing Q3 FYE 2025 Results and the addition of a new CX/EX Scoring Bot.

KULR Technology Group, Inc. (KULR) gains 8.77% pre-market to $1.24 on the news of the immediate availability of NASA-certified M35A battery cells.

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

Top Upgrades:

1. ConocoPhillips (COP)

Analyst Firm: JPMorgan
Upgrade: Neutral → Overweight
Price Target: $123
Yesterday's Close: $103.51

JPMorgan has upgraded ConocoPhillips to Overweight from Neutral, raising its price target to $123, an increase from $120.

As one of the world's premier exploration and production companies, ConocoPhillips benefits from a robust global asset portfolio, significant production capabilities, and extensive reserves.

Analyst projections for the stock’s price target range from a low of $115.00 to a high of $151.00, with a median target of $135.00 and an average of $134.39.

2. Rockwell Automation, Inc. (ROK)

Analyst Firm: Barclays
Upgrade: Underweight → Equal Weight
Price Target: $290
Yesterday's Close: $293.83

Barclays upgraded Rockwell Automation to Equal Weight from Underweight, revising its price target to $290, up from $255.

Rockwell Automation is a global leader in industrial automation and digital transformation, dedicated to improving productivity and operational efficiency across industries through cutting-edge technology.

Analysts estimate the stock price target to range from a low of $215.00 to a high of $345.00, with a median of $287.50 and an average of $284.64.

3. Gates Industrial Corporation plc (GTES)

Analyst Firm: Barclays
Upgrade: Equal Weight → Overweight
Price Target: $25
Yesterday's Close: $22.43

Barclays has upgraded Gates Industrial Corporation to Overweight from Equal Weight, increasing the price target to $25, up from $21.

Gates is a leading global manufacturer specializing in power transmission and fluid power solutions, renowned for its innovative and highly engineered products.

Analyst price target projections for Gates range from a low of $21.00 to a high of $25.00, with a median of $22.00 and an average of $22.45.

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.