Pre-Markets Green After Friday's Selloff

Monday, February 10, 2025We start a new trading week somewhat quietly — although this is all relative considering the headline generation of President Trump early in his second term — but will heat up as the days roll along. The Dow is up a strong +285 points at this hour, with the S&P 500 +39 and the Nasdaq +212 points. The small-cap Russell 2000 is up a solid +14 points.Steel tariffs is the new focus on Wall Street, as Trump now promises a +25% tax on imported steel and aluminum — most of which comes from Canada. This has helped stocks like Cleveland-Cliffs CLF +8% and Nucor NUE +7%. This isn’t doing much to foster near-term stability, to say nothing of bringing prices down, but the market is choosing to accentuate the positive at this early stage of the trading week.Over the past month, the blue-chip Dow leads all major indexes, +5.8%, followed by the Russell, +4.4%. The S&P 500 and the Nasdaq are up +3.6% and +3.4% for the month. As the honeymoon period of the new administration continues, we expect concrete economic data numbers to begin to elbow their way into the conversation over time.CPI, PPI Reports This WeekOn Wednesday and Thursday this week, we’ll see Consumer Price Index (CPI) and Producer Price Index (PPI) reports for January hitting the tape, respectively. These are the retail and wholesale prints that reflect directly on other inflation metrics, like Personal Consumption Expenditures (PCE), which ids the Fed’s preferred gauge of inflation.January CPI is expected to remain steady month over month at +0.3%, but continue its ticking-up for the fifth straight month on the year-over-year headline, aka the “Inflation Rate,” to +3.1%. The PPI side is expected to split the difference of the previous two months (+0.4% and +0.2%, respectively) to bring in +0.3%, as well. Year over year, analysts are looking for a steady +3.3% — the highest print in two years.Quarterly Earnings Roundup: MCD, ROKMcDonald’s MCD met estimates exactly for its Q4 earnings this morning, at $2.83 per share, while $6.39 billion missed the Zacks consensus by -1.16%. Shares are climbing in pre-market trading, however, as the outlook for the QSR giant is expected to improve notably by the second half of 2025. For more on MCD’s earnings, click here.Check out the updated Zacks Earnings Calendar here.Rockwell Automation ROK shares are up +7% this morning on a fiscal Q1 earnings beat of more than +13% to $1.83 per share. Revenues also beat estimates, albeit more modestly, by +0.44% to $1.88 billion. This report helped flip sentiment in the stock, which had been trading down -6% year to date. For more on ROK’s earnings, click here.Questions or comments about this article and/or author? Click here>>Just Released: Zacks Top 10 Stocks for 2025Hurry – you can still get in early on our 10 top tickers for 2025. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2025. You can still be among the first to see these just-released stocks with enormous potential. See New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nucor Corporation (NUE): Free Stock Analysis Report McDonald's Corporation (MCD): Free Stock Analysis Report Cleveland-Cliffs Inc. (CLF): Free Stock Analysis Report Rockwell Automation, Inc. (ROK): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks