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Morning Watchlist: Heavy Economic Data, NKE Reports Postmarket
Tom White
March 20, 2025
U.S. Stock Futures are falling in premarket trading after trading higher overnight. The moves come after stocks rallied on Wednesday on the back of the FOMC Meeting. The Fed left rates unchanged as expected and still anticipates two rate cuts this year. Once again, Fed Chair Powell broke out the ‘Transitory’ term when describing the inflationary effects of tariffs. Investors will focus on the fallout from the Fed meeting along with data today – including Jobless Claims, Economic Indicators, and Existing Home Sales.
Morning Movers
Snapshot (as of 7 AM ET)
Oil (/CL) – Oil prices are flat around 67.
Gold (/GC) – Gold is flat premarket near 3040 after yet another all-time high yesterday.
Bitcoin (/BTC) – The cryptocurrency is is flat at $85.5K
VIX – The CBOE Volatility Index has slumped to 20.
U.S. Dollar (/DX) – The dollar is up slightly to 103.5.
Biggest Premarket Movers
Symbol | Product | Mark % Change (as of 7 AM ET) |
|---|---|---|
JBL | Jabil | +8.98% |
FCX | Freeport-McMoran | +1.21% |
PLTR | Palantir | +0.48% |
MCHP | Microchip Technology | -5.33% |
TSLA | Tesla | -1.43% |
ALB | Albemarle | -1.25% |
Economic Data
Time | Event |
|---|---|
8:30AM ET | Jobless Claims Philly Fed Mfg. Index |
10:00AM ET | Leading Economic Indicators Existing Home Sales |
10:30AM ET | Natural Gas Inventories |
4:30PM ET | Fed Balance Sheet |
Earnings
Premarket | Postmarket | Premarket Tomorrow | Postmarket Tomorrow |
|---|---|---|---|
CAN, JBL, DRI, PDD, ACN, GAMB, LE, CAL, SCVL | FDX, LEN, MU, NKE, SCHL, PL | CCL, NIO | N/A |
Upgrades/Downgrades
Piper Sandler upgrades Carvana (CVNA) to Overweight from Neutral
UBS upgrades Southwest Airlines (LUV) to Neutral from Sell
JPMorgan upgrades Cava Group (CAVA) to Overweight from Neutral
Piper Sandler downgrades Rivian (RIVN) to Neutral from Overweight
Citi downgrades Constellation Brands (STZ) to Neutral from Buy
Keybanc downgrades Thor Industries (THO) to Underweight from Sector Weight
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