Good Morning, Traders!…👋

U.S. stock futures are pointing to a positive start to the week, with all three major indices showing gains in pre-market trading. The S&P 500 is up 0.64% at $6304.50, the Dow is up 0.57% at $43958.00, and the Nasdaq is leading the charge with a 0.81% gain to $23070.00.

This comes after a challenging end to last week, which saw a broad selloff following an unexpectedly weak U.S. jobs report and renewed uncertainty over trade tariffs. Today's pre-market strength suggests a potential rebound as investors digest the latest economic data and look ahead to a fresh week of corporate earnings and macroeconomic developments.

Earnings Watch

Earnings hit today from Palantir $PLTR and Constellation Energy $CEG before open, plus Loews $L, Simon Property $SPG, and ON Semiconductor $ON after close.

Analysts expect PLTR at $0.14 EPS with AI-driven growth, CEG at $1.82 EPS on energy demand, L at $0.85 EPS with insurance stability, SPG at $2.92 EPS amid retail recovery, and ON at $0.94 EPS with chip market focus.

Happening Today

✓ 10:00 AM ET – Factory Orders (MoM) (Jun)

SECTOR SNAPSHOT

On the last trading day, most sectors closed in the red, with significant declines in Consumer Discretionary and Information Technology. In contrast, Consumer Staples, Health Care, and Utilities managed to post modest gains, suggesting a shift towards defensive sectors amidst a broader market downturn.

PreMarket Unusual Volume Stocks

Here's a quick rundown of today's pre-market high-volume stocks:

📈 BioXcel Therapeutics, Inc. (BTAI) is up +32.85% at $1.37 with massive volume, following yesterday's positive update that it completed the last patient visit in its Phase 3 safety trial for agitation associated with bipolar and schizophrenia disorders, a major step forward for the company.

📈 I-Mab (IMAB) is gaining +14.89% at $2.62 with substantial volume, as it announced a $65 million underwritten offering, which is expected to close today, attracting participation from new and existing institutional investors.

📈 Safe & Green Holdings Corp. (SGBX) is up +5.49% to $0.2460 with notable volume, as the company works to regain Nasdaq compliance by restructuring a recent transaction and reducing dilution, a positive sign for investors.

📈 ATA Creativity Global (AACG) sees a +17.59% rise to $1.08 with high volume, surging after signing a Memorandum of Understanding to receive up to a $100 million investment and a strategic takeover by Baby BTC Strategic Capital, which aims to integrate the company into the Bitcoin ecosystem.

📈 Oriental Rise Holdings Limited (ORIS) is up +40.16% at $0.1098 with very high volume, continuing its recent volatility, as the company grapples with Nasdaq non-compliance notices while also pursuing strategic acquisitions to boost its tea distribution business.

Premarket Picks

BioXcel Therapeutics, Inc. (BTAI) saw a significant pre-market surge of 28.46%, pushing its share price to $1.76. The rally follows the announcement of the last patient's last visit (LPLV) in its pivotal Phase 3 SERENITY At-Home clinical trial, marking a major milestone for the company.

Opendoor Technologies Inc. (OPEN) rose 14.76% in pre-market trading, reaching $2.41. The boost came after the company received official notice from Nasdaq confirming it has regained compliance with the minimum bid price requirement—a key step in maintaining its listing.

Exicure, Inc. (XCUR) jumped 11.97% pre-market to $7.71, following the news of the completion of the final patient visit in its Phase 2 trial involving GPC-100 with propranolol and G-CSF for multiple myeloma patients undergoing stem cell transplants.

Healthcare Triangle, Inc. (HCTI) gained 10.95% pre-market, bringing its price to $5.27. The stock climbed after its subsidiary, QuantumNexis, launched Ezovion, an AI-powered hospital information management system (HIMS), on the Microsoft Azure Marketplace.

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

Top Upgrades:

1. Fortrea Holdings Inc. (FTRE)

Analyst Firm: Baird

Upgraded: Neutral to Outperform

Price Target: $9

Friday's Close: $5.46

Baird raised its rating on Fortrea from Neutral to Outperform and increased the price target from $7 to $9. Fortrea Holdings, a company specializing in the development of drugs and medical devices for global clients, has received a range of analyst price targets. The stock’s high target is $9.00, with a median estimate of $5.00 and a low of $4.75. The average price target stands at $5.98.

2. Alamo Group Inc. (ALG)

Analyst Firm: Baird

Upgraded: Neutral to Outperform

Price Target: $260

Friday's Close: $215.62

Baird upgraded Alamo Group from Neutral to Outperform, lifting the price target to $260 from the previous $209. Alamo Group, known for manufacturing and servicing equipment used in vegetation management and infrastructure maintenance worldwide, has analyst price targets ranging from a low of $210.00 to a high of $260.00. The median estimate is $226.00, with an average target of $234.60.

3. MasTec, Inc. (MTZ)

Analyst Firm: Baird

Upgraded: Neutral to Outperform

Price Target: $210

Friday's Close: $174.05

Baird improved its outlook on MasTec, moving it from Neutral to Outperform and boosting the price target from $180 to $210. MasTec, a major player in building and maintaining infrastructure across the U.S. and Canada, has been given a high analyst target of $220.00. The median target is $203.00, with a low of $184.00 and an average of $203.81.

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.