Market opening flat to slightly higher in premarket, building on Monday’s tech rebound and Dow’s record close. Rotation continues from heavy AI and tech into cyclicals and blue chips, but futures muted ahead of today’s retail sales data key inflation gauge and tomorrow’s delayed January NFP Feb 11.
Premarket futures:
- Dow futures up 0.05-0.1% around 50,200-50,220.
- S&P 500 futures up 0.07-0.13% near 6,990-6,992, eyeing all-time highs.
- Nasdaq futures flat to +0.02-0.05% tech holding gains modestly.
Gold steady, crypto mixed.
Trending stocks in news/premarket today
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APP (AppLovin):
Entry: 477. Tgt: 515. SL: Below breakout support 431.
UI (Ubiquiti):
Entry: 713. Tgt: 771. SL: 684.
VST (Vistra Energy):
Entry: Above 160+. Tgt: 165. SL: Recent support.
SHOP (Shopify): Up +3%+ premarket on e-commerce strength.
Entry: Above 122. Tgt: 125. SL: Below support.
NVDA (NVIDIA): Premarket slightly positive (~+0.5-1%), most active/volume leader amid chip demand resilience.
Entry: Above 190-191. Tgt: 195. SL: 185-187.
Overall tone cautiously bullish rebound intact, but this week’s data retail sales today, delayed NFP tomorrow, CPI and earnings could spark swings. Focus on volume leaders like APP,UI,ABP for short-term plays, while cyclicals/Dow hold the floor. Stay nimble!