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October 2, 2025 - Third Party

US PREMARKET ACTIONS: October 2, 2025

Futures Indices

  • Dow Futures: -0.02%
  • S&P 500 Futures: +0.22%
  • Nasdaq 100 Futures: +0.37%

Market Environment

US markets are set to open slightly in the green this Thursday, as the government shutdown enters its second day, disrupting the release of economic data. The absence of the traditional weekly jobless claims deprives investors of a key indicator.

However, Challenger released its employment report early:

“Job cuts fell by 37% in September compared to August.”
But year-to-date, they remain the highest since 2020, while hiring is at its lowest since 2009.

The technology sector (XLK) leads premarket gains, supported by Nvidia, while enthusiasm for artificial intelligence continues after OpenAI became the world’s most valuable startup.

Stocks to Watch

** Bentley Systems (BSY) +7%**
Joins the S&P MidCap 400 index, replacing Western Union and mechanically increasing demand for the stock.

** Stellantis (STLA) +6%**
Strong Q3 sales, up 6% in the US, supported by gains across all brands, especially Jeep (+11%) and Dodge (+44%).

** Rocket Companies (RKT) -3%**
Falls after filing a prospectus for a stock offering linked to the integration of Mr. Cooper following its acquisition.

** Sunrun (RUN) +4%**
Jefferies upgrades its rating, anticipating a strong end to 2025 and acceleration in 2026.

** SoFi (SOFI) -1.98%**
Seventh straight session of decline, with no specific news but amid broader skepticism towards fintechs.

** DraftKings (DKNG) -1.54%**
Continues to drop in a prolonged technical pullback, seven consecutive sessions in the red.

Rating Changes

Upgrades

  • Dell Technologies ($DELL) → GF Securities upgrades to “buy”, price target raised from $130 to $175.
  • Nike ($NKE) → KeyBanc upgrades to “overweight”, target: $90.
  • Stellantis ($STLA) → Banca Akros upgrades to “buy”, price target raised from €9.50 to €10.50.
  • Corteva ($CTVA) → JP Morgan upgrades to “overweight”, target: $70.
  • Crown Castle ($CCI) → RBC upgrades to “outperform”, price target adjusted to $112.
  • Knight-Swift ($KNX) → Deutsche Bank upgrades to “buy”, target: $53.

Neutral

  • Bloom Energy ($BE) → Mizuho downgrades to “neutral” but raises price target from $48 to $79.
  • Electronic Arts ($EA) → Roth downgrades to “neutral”, price target raised from $185 to $210.
  • Upstart ($UPST) → Jefferies maintains “hold”, but lowers price target from $73 to $56.
  • C.H. Robinson ($CHRW) → Deutsche Bank remains at “buy”, target: $159.

Downgrades

  • American Tower ($AMT) → RBC downgrades to “sector perform” and cuts target from $260 to $220.

To register

Have a good trading session
Sylvain Mouilhaud: Stock Coach

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