US PREMARKET ACTIONS: January 14, 2026

Futures Indices:

Dow Futures: -0.21%
S&P 500 Futures: -0.3%
Nasdaq 100 Futures: +0.47%

Market Environment

Index futures are little changed this morning, as investors await several key economic indicators. Investors will be closely watching the Producer Price Index (PPI) for December, expected to be in line with November data (+0.3% for the month and +2.7% for the year).

Retail sales, the current account balance, existing home sales, and business inventories are also on the agenda. Several speeches from Fed members are scheduled throughout the session.

In the bond market, yields are falling:

2-year US yield drops to 3.53% (-0.34%)
10-year falls to 4.17% (-0.26%)
30-year retreats to 4.83% (-0.21%)

Stocks to Watch Today

** Biggest Gainers (pre-market):**

Huntington Ingalls Industries (HII): +3.26%
Supported by a price target hike by TD Cowen to $440, reflecting strong confidence in the defense group's growth prospects.
Edwards Lifesciences (EW): +2.70%
Technical increase without an identified catalyst this morning, in a rebounding medical sector.
Brown & Brown (BRO): +1.82%
Gradual recovery after recent profit-taking; the stock benefits from renewed flows into defensive names.

** Biggest Decliners (pre-market):**

PACCAR (PCAR): -5.61%
Pressure on the transport sector and concerns about heavy truck demand; no specific announcement identified.
Expeditors International (EXPD): -4.77%
Decline linked to anticipated drop in global freight volumes; a sector move.
Agilent Technologies (A): -4.24%
Technical selling ahead of quarterly results, in a context of caution regarding lab equipment spending.
Hallador Energy (HNRG): -7.95%
Announced a $50M fundraising at $18 per share; dilution expected for current shareholders.

Recommendation Changes

Upgraded

Cheniere Energy ($LNG) → Wolfe Research upgrades to Outperform, target: $220
Coherent Corp. ($COHR) → William O'Neil initiates coverage at Buy
Flex Ltd. ($FLEX) → Raymond James upgrades to Outperform, target: $75
Nextpower Inc. ($NXT) → William O'Neil initiates coverage at Buy

Neutral

Allison Transmission ($ALSN) → JP Morgan remains Neutral, target raised from $87 to $115
Analog Devices ($ADI) → Arete Research remains Neutral, target raised to $322.50
Coinbase ($COIN) → Piper Sandler remains Neutral, target lowered from $350 to $270
Intel ($INTC) → UBS remains Neutral, target raised to $49
Lucid Group ($LCID) → RBC Capital remains Sector Perform, target lowered to $14
Spotify ($SPOT) → Bernstein remains Outperform, target lowered to $650
Strategy Inc. ($STGY) → China Renaissance remains Buy, target lowered to $325
Woodward ($WWD) → TD Cowen remains Hold, target raised to $350

Downgraded

Rivian ($RIVN) → UBS downgrades to Sell, but raises target from $13 to $15
Super Micro Computer ($SMCI) → Goldman Sachs remains Sell, target lowered from $34 to $26

Have a good session, everyone.