US PREMARKET ACTIONS: August 7, 2025
**Futures Indices**
Dow Futures: +0.6%
S&P 500 Futures: +0.7%
Nasdaq 100 Futures: +0.8%
US 10-Year Yield: 4.24%
Market Environment
US indices are rising in pre-market trading as investors digest the latest tariff announcements from Donald Trump. The president stated he wants to impose a 100% tax on semiconductor imports, while exempting certain companies that produce or commit to producing in the United States.
TSMC, whose exports will not be subject to this tax, has reached a new all-time high. UBS notes that "this move is not a reversal but a somersault," highlighting the complexity of the tax environment for American manufacturers.
Meanwhile, Trump has doubled tariffs on Indian products to 50%, citing India’s continued imports of Russian oil.
The market remains buoyed by the strong performance of tech stocks. “Tech shares are keeping market spirits high, with the Mag-7 hitting a historic peak, supported by solid results and growing hopes of rate cuts,” explains Peter Sidorov of Deutsche Bank.
On the macro side, productivity numbers (expected at +1.9% in Q2) and unit labor costs (+2.1%) will be released before the open, along with weekly jobless claims (forecast: 220K). Donovan (UBS) points out that “productivity has yet to show any effect from artificial intelligence.”
Stocks to Watch
Sunrun (RUN) +21%
The stock is soaring after the company raised its net value creation outlook for 2025 to $1.3bn, targeting 10GWh of storage by 2029.
Celsius Holdings (CELH) +18%
The beverage maker posted explosive results: +83.9% YoY revenue and a 17.3% market share in US energy drinks. Net income exceeded consensus.
DraftKings (DKNG) +7%
The group is gaining after mixed Q2 results but optimistic forecasts. Adjusted EBITDA hit $301M (vs consensus $243.8M) and the company reaffirmed its annual guidance.
Rogers (ROG) +4.95%
Starboard Value has taken a stake of over 9%, according to WSJ, fueling speculation about a possible strategic overhaul.
Apple (AAPL) +3.15%
The stock continues to rise in the post-market on the announcement of a massive $100bn investment in the US.
Airbnb (ABNB) -6%
Despite strong Q2 results, cautious Q3 guidance (8 to 10% growth) is worrying. Margins are expected to fall, hurt by increased spending.
e.l.f. Beauty (ELF) -11%
The group disappoints with cautious margin guidance (20% vs 23% previously) and a lack of visibility for 2026, mainly due to tariff uncertainties.
Lyft (LYFT) -4%
Mixed Q2 results with higher revenue but below expectations. Guidance is decent, but the market punished the lack of positive surprises.
Sana Biotechnology (SANA) -13.41%
The biotech stock slumped after a $75M share offering at $3.35 per share, diluting existing shareholders.
Have a great session everyone
Sylvain Mouilhaud: Stock Coach