This Week's Stock Ideas

Monday, February 3, 2025

Good morning, everyone and welcome to all who joined over the weekend.

Equity futures are set to open significantly lower as trade concerns grow. Trump's tariffs on Canada, Mexico, and China will take effect tomorrow, and investors are hitting the sell button. This could very well be the pullback everyone was looking for. Currently, S&P 500 support sits at 5,900, which is approximately 2.2% below Friday’s close. A close on the day below support could signal further downside to come. Let’s see how markets trade throughout the day, and stay tuned for any updates.

Check out this week’s trade ideas.

Last week’s sector performance