NASDAQ Pre-Market Overview: Key Movers and Trends

NASDAQ Pre-Market Overview: A report indicates an uptick in the NASDAQ 100, but several stocks are experiencing losses. Investors should take note of earnings forecasts, particularly for NIO, which may indicate trends in stock valuations.

Date: 01-03-2025

AI Rating: 6

The report highlights various stocks in the pre-market session of the NASDAQ, showcasing both declines and gains in their stock prices. Notable mentions include:

NVIDIA Corporation (NVDA): Currently down by $3.14, closing at $117.01, despite a "buy range" recommendation, indicating potential resilience despite the decrease.
NIO Inc. (NIO): The report is significant as it reveals a forecast EPS of -0.42 for the earnings report scheduled for March 4, 2025, suggesting a -45% increase over the EPS a year ago. This projection highlights the company's possibly improving performance, although still negative.
Alibaba Group Holding Limited (BABA): Despite its decline of $5.70 to $130.85, it remains within the "buy range," indicating confidence from analysts regarding its long-term prospects.

The report does not provide insights into revenue growth, net income, profit margins, free cash flow, or return on equity.

In assessing the stock movements, NIO's notated increase in earnings expectations could lead to a more favorable market perception in the long term, despite the current negative EPS forecast. For investors, positive analyst recommendations for several stocks suggest potential opportunities for investment despite short-term price declines.

Stocks: NVDA TSLL IBIT SMCI RXRX SQQQ FUBO NIO BABA QBTS ACHR IONQ