Presented by Kalshi: Think you know what Trump will say this week? Will he say “crypto”? Or, how about “Karoline”? What about “Who are you with”? Turn your takes into trades and claim a $20 bonus today.
🔥 Good Morning from Top Tickers
Wall Street's Biggest Debut Is Up 5% Pre-Market
The market is still working out how to price the biggest debut it has ever seen, and so far the answer is "higher." That story is pulling attention toward an entire sector of names that trade on the same theme, including one that hasn't moved yet but is squarely on the radar.
Elsewhere, the pattern is about expectations. A company cutting staff is getting rewarded while a consumer name that missed its numbers is getting punished, and a major merger is leaving one side of the deal clearly less happy than the other.
🤝 Presented By Kalshi
What will Trump say this week?
Every word from Donald Trump can move markets—crypto, policy, press briefings, and beyond.
On Kalshi, you can trade real-time prediction markets on what Trump will say next, from Bitcoin mentions to White House press room moments.
Instead of reacting after the news breaks, position yourself before the headlines hit. Follow market sentiment, track shifting probabilities, and turn political volatility into opportunity.
When the market prices in the next headline, you’ll already be there.
🚀 Pre-Market Movers
The Biggest Gainers, Ranked
SpaceX (SPCX): +5%
Musk's rocket company is climbing again, extending the run that began when it started trading Friday at $135 a share. The largest listing in market history is still in pure price-discovery mode, and the buyers haven't backed off yet.
Robinhood (HOOD): +2%
The online brokerage rose after saying it would cut about 10% of its workforce. Layoffs at a profitable, fast-growing platform read as a margin story rather than a distress signal, and the market is treating it that way.
Yum Brands (YUM): +1%
Yum is selling its Pizza Hut business to private equity firm LongRange Capital for $2.7 billion. Shedding the weakest of its three brands lets the company concentrate on its faster-growing chains, and investors gave it a modest nod.
📉 Pre-Market Movers
The Biggest Losers, Ranked
Dave & Buster's (PLAY): -18%
The arcade-and-restaurant chain badly missed first-quarter estimates on both earnings and revenue, with comparable store sales falling more than 5% from a year ago. The miss wasn't subtle, and a same-store sales decline of that size tells the market the turnaround story isn't working yet.
Huntsman (HUN): -7%
The chemicals maker agreed to merge with rival Olin in an all-stock deal, creating a combined company to be called OlinHuntsman, with closing expected in the first half of 2027. Huntsman holders are selling on the merger terms, while Olin slipped only about 1%, a split that signals who the market thinks is paying up in this combination.
Intel (INTC): -2%
The chipmaker is slipping in the premarket after closing higher on Monday. The pullback is modest and comes with no fresh catalyst attached, which reads more like profit-taking than a shift in the story.
🤝 Presented By Kalshi
Number of rate cuts in 2026?
The Fed doesn’t just move rates—it moves markets. Every cut, pause, or surprise decision reshapes stocks, bonds, real estate, and your portfolio.
On Kalshi, you can trade real-time markets on how many rate cuts the Fed will make in 2026 and position yourself before policy decisions become headlines.
Follow shifting market expectations, track sentiment as it changes, and turn macro uncertainty into opportunity.
Don’t wait for the announcement—trade where the market thinks rates are headed next.
👀 What We’re Watching
Here’s One Ticker That’s Trending Today
SELLAS Life Sciences (SLS)
This small-cap cancer biotech has climbed onto the trending list on StockTwits, even though the stock is barely moving in the premarket. The draw is a binary event that traders know is coming but can't time precisely: the final readout from SELLAS's pivotal Phase 3 trial of its lead cancer vaccine in acute myeloid leukemia, which triggers once a preset number of patient events is reached.
As of its last update, the company had logged 78 of the 80 events needed to start that final analysis, so the readout is widely seen as weeks away rather than months. That kind of waiting window tends to draw speculative attention, and the result could either validate years of work or undercut the entire thesis in a single print.

