US PREMARKET ACTIONS: July 30, 2025
**Futures Indices**
Dow Futures: +0.01%
S&P 500 Futures: +0.1%
Nasdaq 100 Futures: +0.17%
US 10-year Yield: 4.33%
Market Environment
US markets are recovering slightly this Wednesday ahead of two major catalysts: the Fed’s interest rate decision and the quarterly results from Microsoft (MSFT) and Meta (META).
The Federal Reserve is expected to keep rates unchanged, with a 98% probability according to CME Group’s FedWatch. Markets will be watching Jerome Powell’s comments closely, hoping to glean signals about a potential rate cut in September or later this year.
"Powell should neither rule out a cut in September nor increase its likelihood," explains Jim Reid (Deutsche Bank), who anticipates a first cut in December.
"Even if political pressure for a cut remains strong, stronger inflation figures should delay Fed action," he adds.
Another focus: today’s economic data, with the ADP report (expected at +75K) and the first estimate of Q2 GDP, seen at +2.5% after a -0.5% decline in Q1.
UBS is cautious: "These figures are unreliable at this stage, with early buying, tax distortions, and trade uncertainties," warns Paul Donovan.
Finally, on the geopolitical front, talks between the US and China continue to extend the tariff truce, according to Treasury Secretary Scott Bessent.
Stocks to Watch
** Wingstop (WING) +20.91%**
The stock is soaring after results beat expectations and expansion targets were revised upwards. The chain now expects quicker growth in new locations.
** LendingClub (LC) +23%**
Q2 results topped forecasts, with encouraging prospects for Q3 and strong anticipated lending activity. Guidance for tangible capital return at 10–11.5%.
** Fundamental Global (FGF) +16.23%**
The stock jumps after announcing a $200M fundraising dedicated to an Ethereum-focused strategy.
** Harley-Davidson (HOG) +14.60%**
The market welcomes the sale of its financial unit, despite disappointing Q2 results.
** Humana (HUM) +10%**
Strong results thanks to Medicare and CenterWell segments, with guidance raised.
** Starbucks (SBUX) +5%**
Better-than-expected results due to strong China performance. North American sales fell less than expected. The CEO cites a transformation "ahead of schedule."
** Teladoc Health (TDOC) +4%**
Smaller-than-expected losses and confirmed guidance, despite a 2% year-over-year revenue drop.
** MARA Holdings (MARA) +4%**
Results supported by a bitcoin rebound and increased production. EPS of $1.84 vs. -$0.19 expected.
** Mondelez (MDLZ) -3%**
The stock drops despite solid results, as investors worry about a forecasted 10% drop in EPS due to surging cocoa prices.
** Novo Nordisk (NVO) -4.36%**
Continued decline after a downgrade of its outlook due to doubts over its obesity treatments.
** SoFi (SOFI) -7%**
The stock falls after a dilutive $1.5 billion fundraise via the issuance of nearly 72M shares.
** Palo Alto Networks (PANW) -6.93%**
Declines after the announcement of the $25 billion acquisition of CyberArk, seen as costly by the market.
** Algoma Steel (ASTL) -7.86%**
Negative Q2 results and dividend suspension, worrying investors.
** Dragonfly Energy (DFLI) -22.07%**
The stock plunges after a poorly received $5.5M capital increase.
Have a great session everyone
Sylvain Mouilhaud: Equity Coach