Morning Watchlist: Can Monday Rally Continue?

U.S. Stock Futures are relatively flat in premarket trading after a massive broad-based rally on Monday. The moves come after the S&P 500 (SPX) jumped nearly 1.8% yesterday while the tech-heavy Nasdaq-100 (NDX) jumped 2.16%. Stocks continue to react to headlines but optimism won on Monday on the hopes that tariffs will be more targeted and narrower in scope.  Investors will continue to react to tariff headlines along with data today, which includes Consumer Confidence and New Home Sales. 

Morning Movers

Snapshot (as of 7 AM ET)

  • Oil (/CL) – Oil prices are up 0.5% near $69.50 a barrel and are higher for a fifth consecutive day on concerns global supply will tighten after the U.S. announced additional 25% tariffs on countries that buy Venezuelan crude.

  • Gold (/GC) Gold prices are up 0.4% near $3030 amid persistent uncertainty over impending reciprocal U.S. tariffs and their impact on the global economy.

  • Bitcoin (/BTC) – The cryptocurrency is down over 1% near $87.5K

  • VIX – The CBOE Volatility Index has continued to fall and is a little above 17.

  • U.S. Dollar (/DX) – The dollar is down slightly around 103.5.

Biggest Premarket Movers

Symbol

Product

Mark % Change (as of 7 AM ET)

PNR

Pentair

+1.84%

CRWD

CrowdStrike

+1.72%

TSLA

Tesla

+1.50%

AEP

American Electric Power

-1.76%

MO

Altria

-1.73%

CCI

Crown Castle

-1.26%

Economic Data

Time

Event

8:40AM ET

Fed’s Kugler Speaks

9:00AM ET

Case-Shiller Home Price Index

FHFA House Price Index

9:05AM ET

Fed’s William Speaks

10:00AM ET

Consumer Confidence

New Home Sales

Richmond Fed Mfg. Index

1:00PM ET

2-Year Note Auction

Earnings

Premarket

Postmarket

Premarket Tomorrow

Postmarket Tomorrow

CSIQ, MKC, PONY

GME, WOR

DOOO, CHWY, CTAS, JKS, PAYX, TTAM

FUL, JEF, MLKN, WOOF, SCS, VRNT

Upgrades/Downgrades

  • BTIG upgrades CrowdStrike (CRWD) to Buy from Neutral

  • BofA double upgrades Cloudflare (NET) to Buy from Underperform

  • Morgan Stanley upgrades Carvana (CVNA) to Overweight from Equal Weight

  • BTIG downgrades Ally Financial (ALLY) to Sell from Neutral

  • Mizuho downgrades EOG Resources (EOG) to Neutral from Outperform

  • HSBC downgrades Alcon (ALC) to Hold from Buy

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