US PREMARKET ACTIONS: November 18, 2025
Futures Indices
Dow Futures: -0.34%
S&P 500 Futures: -0.39%
Nasdaq 100 Futures: -0.41%
Market Environment
Equity markets continue their retreat this Tuesday, in a climate of heightened caution surrounding AI themes and monetary policy expectations. Index futures are showing moderate losses, as investors increasingly price in the likelihood of the Fed holding steady in December.
Jim Reid (Deutsche Bank) points out that the S&P 500 closed Monday below its 50-day moving average for the first time in 139 sessions—the longest streak since 2007. The decline was broad, with 407 stocks down in the S&P, especially in tech: the SOXX semiconductor index dropped -1.55%.
On the macro side, rate-cut expectations are decreasing: the market now sees only a 41% chance of easing in December, down from 43% on Friday—the highest implied level since late August.
Stocks to Watch
Invivyd (IVVD): -13.73%
Plunged after announcing a $125M fundraising through a public offering at $2.50 per share.
BellRing Brands (BRBR): -12.18%
Sharply lower after warnings about short-term challenges affecting volume growth.
Ceva (CEVA): -8.61%
Declined following the announcement of a placement of 3 million ordinary shares, dilutive for existing shareholders.
Home Depot (HD): -4.23%
The group reported declining comparable sales in Q3 and expects a 5% drop in EPS for fiscal year 2025.
Amer Sports (AS): +9.88%
The sports equipment maker (Salomon, Arc'teryx) continues its momentum with a strong quarter, supported by its flagship brands.
Roche Holding (RHHBY): +8.66%
The stock rises after the success of a breast cancer treatment developed in partnership with Olema, in advanced trial stages.
Axalta Coating Systems (AXTA): +7.45%
The market welcomed the announcement of a merger with Akzo Nobel, creating a global paint giant valued at $25B.
Gorilla Technology (GRRR): +11.73%
Jumped after strong forecasts for 2026 and positive cash generation outlook.
Have a good session, everyone.
Sylvain Mouilhaud: Stock Coach