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Morning Watchlist: TSLA Earnings, Tensions Escalate Between President & Fed
Tom White
April 22, 2025
U.S. stock futures are rebounding from yesterday’s slide with the S&P 500 (SPX) falling nearly 2.4% on Monday. On Monday, stocks took a beating as investor confidence waned amid escalating tensions between President Donald Trump and Federal Reserve Chair Jerome Powell, coupled with intensifying global trade war concerns. The U.S. dollar tumbled to a three-year low, Treasury yields climbed, and the CBOE Volatility Index (VIX) surged 14%, reflecting heightened market unease. Focus today turns to earnings along with the continued tariff headlines.
Morning Movers
Snapshot (as of 7 AM ET)
Oil (/CL) – Oil prices are up over 1.5% near $63.30 a barrel and are rebounding from yesterday’s pull back amid trade talk hopes. Markets are also weighing tensions between the U.S. and Iran.
Gold (/GC) – Gold prices are up 1% near $3460 and continued their record rally to a new all-time high above $3500 overnight. The moves are driven by concerns over U.S. President Donald Trump’s criticism of Federal Reserve Chair Jerome Powell, which dampened risk sentiment and drove investors towards the safe-haven bullion.
Bitcoin (/BTC) – The crypto future is up over 1% near $88.7K.
VIX – The CBOE Volatility Index was up 14% on Monday but has settled near 32.
U.S. Dollar (/DX) – The dollar is flat around 98.
Biggest Premarket Movers
Symbol | Product | Mark % Change (as of 7 AM ET) |
|---|---|---|
FSLR | First Solar | +7.15% |
EFX | Equifax | +6.37% |
PNR | Pentair | +4.48% |
NOC | Northrop Grumman | -8.72% |
VZ | Verizon | -4.52% |
KMB | Kimberly Clark | -4.28% |
Economic Data
Time | Event |
|---|---|
9:00AM ET | Fed’s Jefferson Speaks |
9:30AM ET | Fed’s Harker Speaks |
10:00AM ET | Richmond Fed Mfg. Index |
1:00PM ET | 2-Year Note Auction |
1:40PM ET | Fed’s Kashkari Speaks |
2:30PM ET | Fed’s Barkin Speaks |
Notable Earnings
Premarket | Postmarket | Premarket Tomorrow | Postmarket Tomorrow |
|---|---|---|---|
MMM, DHR, ELV, EFX, GE, GPC, HAL, HRI, KMB, LMT, MCO, NOC, PNR, PHM, DGX, RTX, SYF, VMI, VZ | BKR, COF, CB, ENPH, EQT, ISRG, PKG, PEGA, RRC, SAP, STLD, TSLA | T, AVY, BA, BSX, CHKP, CME, GEV, GD, LII, LAD, MAS, NEE, NSC, OTIS, PM, RCI, R, TMHC, TMO, TDY, VRT, VIRT, WAB, WSO | ALK, CMG, CHDN, DFS, EW, IBM, KNX, LRCX, LVS, MTH, MOH, NEM, ORLY, RMD, ROL, NOW, TXN, URI, WU, WHR |
Upgrades/Downgrades
BofA upgrades Public Storage (PSA) to Buy from Neutral
Cantor Fitzgerald upgrades Gilead (GILD) & Regeneron (REGN) to Overweight from Neutral
Barclays downgrades Texas Instruments (TXN) to Underweight from Equal Weight
Wells Fargo downgrades UPS (UPS) to Equal Weight from Overweight
Bernstein downgrades eBay (EBAY) to Market Perform from Outperform
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