US STOCKS PREMARKET: August 4, 2025

**Futures Indices**
Dow Futures: +0.5%
S&P 500 Futures: +0.6%
Nasdaq 100 Futures: +0.8%
US 10-year Yield: 4.25%

Market Environment

Wall Street is heading for a green open after Friday’s session ended with the worst drop since late May. Investors are regaining confidence after much weaker-than-expected job numbers, easing fears of monetary tightening.

The surprise resignation of Fed Governor Adriana Kugler, combined with the expected dismissal of the Bureau of Labor Statistics commissioner, raises concerns about institutional independence. “Kugler’s resignation gives Trump the opportunity to appoint a new board member, who could be a potential successor to Powell,” notes Jim Reid of Deutsche Bank.

The market remains focused on Donald Trump’s upcoming appointments to the Fed and BLS, which could affect his economic policy in a time of uncertainty.

On the earnings front: Palantir (PLTR) reports tonight. AMD and Pfizer follow on Tuesday, Disney on Wednesday.

Finally, on the macro side, June Factory Orders are expected to fall sharply (-5%) after jumping +8.2% the previous month.

Stocks to Watch

CommScope (COMM) +54%
Share price soars after imminent deal announcement with Amphenol to sell its CCS division (~$10.5B). This strategic deleveraging comes as CommScope faces weak demand.

Blade Air Mobility (BLDE) +20%
The company jumps after confirmation that Joby Aviation will acquire its urban passenger business for $125M. The deal would strengthen Joby’s access to Blade’s urban routes and infrastructure, especially in New York.

Joby Aviation (JOBY) +3%
Moderate gains after announcing intentions to acquire Blade. A strategic move to consolidate its presence in urban mobility and medical logistics.

Tyson Foods (TSN) +4%
Quarterly results above expectations in both revenue and profits, along with an upgraded outlook for 2025.

Replimune (REPL) -38.42%
Spectacular drop after the FDA's intervention led to the rejection of its flagship cancer treatment. The stock faces major loss of investor confidence.

Have a great session, everyone
Sylvain Mouilhaud: Stock Coach