Stock futures rose Monday as investors awaited President Donald Trump’s tariffs on imports from Canada, Mexico, and China set to take effect on Tuesday. In pre-market trading, S&P 500 futures rose 0.4%, while Nasdaq futures gained 0.7%. Futures tied to the Dow Jones Industrial Average climbed 0.3%.
Here are stocks to watch today.
Shares of Elon Musk’s Tesla (TSLA) surged over 3% in premarket trading on Monday after Morgan Stanley analyst Adam Jonas restored the stock as a “Top Pick” in U.S. autos. His price target of $430 per share suggests a potential upside of more than 50% from Tesla’s current share price.
Shares of Broadcom (AVGO) climbed over 2% in early trading as the semiconductor manufacturer prepares to report earnings after Thursday’s closing bell.
Kroger’s (KR) stock fell more than 2.5% in early trading after CEO Rodney McMullen resigned following an investigation into his personal conduct. The news comes just ahead of the grocery chain’s earnings release on Thursday.
Cryptocurrency-related companies and Bitcoin holders, including Coinbase (COIN), Strategy (MSTR), and Robinhood (HOOD), surged in premarket trading on Monday following Trump’s announcement of a strategic crypto reserve encompassing Bitcoin and other cryptocurrencies.
Before the market opened, Coinbase jumped 9.5%, MicroStrategy soared 12.6%, and Robinhood gained 7.5%.
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