US PREMARKET ACTIONS: October 27, 2025

Futures Indices

Dow Futures: +0.6%
S&P 500 Futures: +0.8%
Nasdaq 100 Futures: +1.1%

**Market Environment**

The markets are starting the week sharply higher, boosted by optimism around tech earnings, the Fed meeting, and trade progress between the US and China. The Nasdaq is leading, driven by anticipation for earnings from five members of the "Magnificent Seven": Apple, Alphabet, Amazon, Microsoft, and Meta.

On Friday, Wall Street hit a record high, fueled by an inflation report that came in lower than expected, providing relief after a lack of data caused by the government shutdown.

On Wednesday, the Fed will announce its monetary policy decision. Another rate cut is anticipated, though little clarity is expected on the future path:

"With little data and a divided FOMC, Jerome Powell is expected to avoid clear signals about future policy," according to Peter Sidorov of Deutsche Bank.

On the geopolitical front, trade talks between the US and China are progressing. An agreement could be finalized during the scheduled Trump-Xi meeting on Thursday, alongside the APEC 2025 summit in South Korea.

**Stocks to Watch**

SOHO +135.88%
Sotherly Hotels surges after announcing its acquisition by a consortium led by Kemmons Wilson for $2.25 per share in cash.

RNA +42.97%
Avidity Biosciences jumps after a major deal with Novartis valued at $12 billion.

NTLA -43.05%
Intellia Therapeutics plunges following a severe adverse event in its phase 3 NEX-Z clinical trial.

OGN -21.40%
Organon falls after appointing an interim CEO following an internal investigation that revealed improper business practices.

HOLOW +21.43%
MicroCloud Hologram climbs thanks to its 2025 profit estimates exceeding RMB 350 million.

PUMP +16.32%
ProPetro rises sharply after signing a power contract with a data center.

BYND -4.81%
Beyond Meat slips after disappointing results, overshadowing meme-driven buzz.

BMNR +5.4%
BitMine Immersion advances, boosted by its ETH holdings reaching 3.31 million tokens, with a total crypto/cash value of $14.2 billion.

ABTC +5.34%
American Bitcoin gains after purchasing 1,414 BTC, backed by the Trump brothers.

PPTA +5.15%
Perpetua Resources rises after a $255M investment from Agnico Eagle and J.P. Morgan.

**Rating Changes**

Upgrades

Microsoft ($MSFT) → Guggenheim upgrades to buy, target $586.
Doordash ($DASH) → Goldman Sachs initiates at buy, target $315.
Eastgroup Properties ($EGP) → BNP Paribas Exane upgrades to outperform, target raised from $180 to $207.
Five Below ($FIVE) → JP Morgan upgrades to overweight, target raised from $154 to $186.
Honeywell ($HON) → RBC upgrades to outperform, target raised from $235 to $253.
Intuitive Surgical ($ISRG) → William O’Neil initiates at buy.
Thor Industries ($THO) → Raymond James upgrades to market perform.

Neutral

Amkor ($AMKR) → Morgan Stanley maintains equal weight, target raised from $20 to $28.
APA Corp ($APA) → Evercore ISI maintains in-line, target raised from $16 to $21.
Bath & Body Works ($BBWI) → Wells Fargo maintains overweight, target lowered from $44 to $33.
Booz Allen Hamilton ($BAH) → JP Morgan maintains underweight, target lowered from $122 to $90.
Brunswick Corp ($BC) → Morgan Stanley maintains equal weight, target raised from $51 to $72.
Ford ($F) → Citi maintains neutral, target raised from $11 to $13.50.
GM ($GM) → CICC maintains outperform, target raised from $60 to $80.
Intel ($INTC) → CITIC Securities maintains hold, target raised from $25 to $38.90.
Lam Research ($LRCX) → CITIC Securities maintains buy, target raised from $113 to $165.
Tesla ($TSLA) → Guotai Haitong maintains overweight, target raised from $354 to $518.
Wayfair ($W) → JP Morgan maintains overweight, target raised from $82 to $105.

Downgrades

Roper Technologies ($ROP) → RBC downgrades to sector perform, target reduced from $644 to $539.

Have a good session, everyone
Sylvain Mouilhaud: Stock Coach