US PREMARKET ACTIONS: August 14, 2025
**Futures Indices**
Dow Futures:
S&P 500 Futures:
Nasdaq 100 Futures:
US 10-Year Yield: 4.22% (-2bps)
**Market Environment**
US indices are showing a directionless opening this Thursday, as investors await key inflation data. S&P 500 and Nasdaq 100 futures are steady, while Dow Jones futures are rising by 0.1%.
On Wednesday, markets closed higher, with new records for the S&P 500, buoyed by growing expectations of Fed rate cuts as early as September. “The main catalyst was mounting speculation about a rate cut at the next meeting in September,” summarized Henry Allen (Deutsche Bank).
Today, investors are watching the July Producer Price Index (PPI), forecast at +0.2% month-over-month for both headline and core, or +2.5% and +2.9% year-over-year, respectively. UBS notes these numbers reflect domestic costs more broadly, though they are indirectly influenced by trade tariffs.
Weekly jobless claims will also be under scrutiny. The consensus expects a new increase to 230,000, after 226,000 last week. The Fed’s balance sheet will be released later today.
**Stocks to Watch**
**IBTA -33.06%**
Ibotta plunges after disappointing Q2 results and a weak outlook for Q3.
**COHR -19.31%**
Coherent drops sharply in after-hours following disappointing forecasts for fiscal Q1 2026.
**LUNR -10.58%**
Intuitive Machines falls after announcing a $300M convertible bond fundraising.
**DLO +25.92%**
dLocal surges following the appointment of Guillermo López Pérez as CFO.
**RRGB +11.33%**
Red Robin soars after quarterly results beat expectations and positive growth outlook.
**AQST +2.49%**
Aquestive Therapeutics rises after announcing an $85M fundraising.
**RILY +2.33%**
B. Riley Financial climbs despite a lower Q4 2024 revenue estimate.
**JD +0.68%**
JD.com advances slightly after beating Q2 expectations, with product revenues up 21% and services up 29%.
**CC +0.34%**
Chemours climbs to a five-month high, benefiting from the qualification of its fluids for Samsung SSDs.
**GMRE +1.03%**
Global Medical REIT rises after announcing a $50M buyback program and a stock consolidation.
**Rating Changes**
Upgrades
COHR (Coherent) → Barclays maintains Overweight and raises target from $90 to $110
LITE (Lumentum Holdings) → GF Securities maintains Buy, target raised from $81 to $129
PCTY (Paylocity) → Cantor Fitzgerald initiates Overweight rating with $215 target
ROK (Rockwell Automation) → Barclays maintains Overweight and raises target from $357 to $370
COREWEAVE → Citi maintains Buy and increases target from $160 to $164
CSCO (Cisco) → Goldman Sachs stays Neutral but raises target from $67 to $71
RMBS (Rambus) → Arete Research stays Neutral, target raised from $62 to $77
NWL (Newell Brands) → Citi stays Neutral, target from $5 to $5.50
Neutral
CHRW (C.H. Robinson) → Loop Capital maintains Hold, target raised from $96 to $124
GPK (Graphic Packaging) → Seaport Global maintains Buy but lowers target from $30 to $28
Downgrades
CE (Celanese) → RBC Capital maintains "sector perform" but lowers target from $63 to $45
ALSN (Allison Transmission) → Morgan Stanley maintains Equal Weight but cuts target from $100 to $96
Have a good session everyone
Sylvain Mouilhaud: Stock Coach