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Morning Watchlist: AMD Earnings Postmarket, Stocks Break Winning Streak
Tom White
May 06, 2025
U.S. stock futures are lower in the premarket after the S&P 500 and Dow Index snapped 9-session win streaks on Monday. Equities are extending yesterday’s losses as concerns about the trade war’s damaging impact on companies and the world economy. Ford (F) dropped 2% after the carmaker pulled its financial guidance and flagged a total tariff impact of about $2.5 billion on 2025 earnings. No official trade deals between the U.S. and its trading partners have yet been announced although Treasury Secretary Scott Bessent stated Monday that “we’re very close to some deals.” With little economic data due, investors will focus on the start of the FOMC meeting and more earnings after the bell, including results from AMD.
Morning Movers
Snapshot (as of 7 AM ET)
Oil (/CL) – Oil are up over 2% near $58.50 after hitting nearly four-year lows in the previous session that was driven by an OPEC+ decision to accelerate output increases, stoking fears of oversupply at a time when U.S. tariffs have spurred concerns about demand.
Gold (/GC) – Gold prices are up 2% near $3390 and rose to a two-week high as concerns over U.S. President Donald Trump’s tariff plans boosted interest in safe-haven metal, while investors also kept a close tab on the upcoming Federal Reserve policy meeting.
Bitcoin (/BTC) – The crypto future is down over 0.5% near $94K.
VIX – The CBOE Volatility Index was up 4.2% on Monday and settled at 23.64 as stocks fell. It is up another 5% to 25 this morning.
U.S. Dollar (/DX) – The dollar is slightly down near 99.4.
Biggest Premarket Movers
Symbol | Product | Mark % Change (as of 7 AM ET) |
|---|---|---|
CE | Celanese | +3.64% |
ZTS | Zoetis | +2.49% |
NEM | Newmont | +1.40% |
PLTR | Palantir | -7.41% |
VRTX | Vertex Pharma | -5.04% |
CEG | Constellation Energy | -4.58% |
Economic Data
Time | Event |
|---|---|
FOMC Meeting Begins | |
8:30AM ET | Intl. Trade in Goods/Services |
1:00PM ET | 10-Year Note Auction |
Notable Earnings
Premarket | Postmarket | Premarket Tomorrow | Postmarket Tomorrow |
|---|---|---|---|
AEP, ARMK, ADM, ARRY, BALL, BAM, CELH, CEG, DDOG, DUK, ERJ, ENR, EXPD, FIS, GPN, GFS, J, KTB, LEA, LDOS, MPC, MAR, BTU, PTLO, PGR, PHG, SEDG, SUN, TDG, SEAT, KLG, ZTS | AMD, ALGT, ANET, CC, CRUS, COTY, CPNG, DVN, EA, FLYW, FBIN, GO, KGC, LCID, LITE, MASI, MOS, OPEN, RDFN, RVLV, RIVN, SU, SMCI, TDC, UPST, WYNN | GOLF, ADNT, GOLD, BLMN, BWA, BG, CDW, DK, DIN, EMR, FTS, GDRX, HAIN, JCI, DNOW, OC, ROK, RMBL, TBLA, TEVA, UBER, U, VST, DIS | AMC, DOX, APA, APP, ARM, CAR, BHF, BMBL, CVNA, CF, CLF, DASH, BROS, FLUT, FTNT, GT, HRB, JOBY, KD, LZ, OXY, PAYC, SNDK, SWKS, SONO, RUN, ZG |
Upgrades/Downgrades
Susquehanna upgrades CN (CNI) to Positive from Neutral
Northcoast downgrades McDonald’s (MCD) to Neutral from Buy
DZ Bank downgrades Chevron (CVX) to Sell from Buy
JPMorgan downgrades Sweetgreen (SG) to Neutral from Overweight
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