{"id":24746,"date":"2025-03-31T05:56:41","date_gmt":"2025-03-31T10:56:41","guid":{"rendered":"https:\/\/www.eoption.com\/morning-preview-march-31-2025\/"},"modified":"2025-03-31T05:56:41","modified_gmt":"2025-03-31T10:56:41","slug":"morning-preview-march-31-2025","status":"publish","type":"post","link":"https:\/\/www.eoption.com\/morning-preview-march-31-2025\/","title":{"rendered":"Morning Preview: March 31, 2025"},"content":{"rendered":"\n<div>\n<div style=\"padding:10mm 10mm 0\">\n<p class=\"normal\"><b><span style=\"font-size:20.0pt; color:#404040\">Early Look<\/span><\/b><\/p>\n<p class=\"normal\" style=\"line-height:11.0pt\"><b><span style=\"font-size:11.0pt; color:#7F7F7F\">Monday, March 31, 2025<\/span><\/b><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\" width=\"60%\" style=\"margin-left:5.4pt; border-collapse:collapse; border:none\">\n<tbody>\n<tr style=\"height:19.65pt\">\n<td width=\"27%\" style=\"border:none; background:#F79646; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" style=\"margin-left:22.5pt; text-indent:-13.5pt; line-height:115%\"><span style=\"font-size:14.0pt; line-height:115%; color:white\">Futures<\/span><\/p>\n<\/td>\n<td width=\"34%\" style=\"border:none; background:#F79646; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:115%\"><span style=\"font-size:14.0pt; line-height:115%; color:white\">Up\/Down<\/span><\/p>\n<\/td>\n<td width=\"20%\" style=\"border:none; background:#F79646; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:115%\"><span style=\"font-size:14.0pt; line-height:115%; color:white\">%<\/span><\/p>\n<\/td>\n<td width=\"18%\" style=\"border:none; background:#F79646; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:115%\"><span style=\"font-size:14.0pt; line-height:115%; color:white\">Last<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height:19.65pt\">\n<td width=\"27%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" style=\"margin-left:22.5pt; text-indent:-13.5pt; line-height:11.0pt\"><b><span style=\"font-size:11.0pt; color:black\">Dow<\/span><\/b><\/p>\n<\/td>\n<td width=\"34%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:red\">-236.00<\/span><\/p>\n<\/td>\n<td width=\"20%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:red\">0.56%<\/span><\/p>\n<\/td>\n<td width=\"18%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:red\">41,615<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height:19.65pt\">\n<td width=\"27%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" style=\"margin-left:22.5pt; text-indent:-13.5pt; line-height:11.0pt\"><b><span style=\"font-size:11.0pt; color:black\">S&amp;P 500<\/span><\/b><\/p>\n<\/td>\n<td width=\"34%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:red\">-49.25<\/span><\/p>\n<\/td>\n<td width=\"20%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:red\">0.88%<\/span><\/p>\n<\/td>\n<td width=\"18%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:red\">5,573<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height:19.65pt\">\n<td width=\"27%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" style=\"margin-left:22.5pt; text-indent:-13.5pt; line-height:11.0pt\"><b><span style=\"font-size:11.0pt; color:black\">Nasdaq<\/span><\/b><\/p>\n<\/td>\n<td width=\"34%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:red\">-239.50<\/span><\/p>\n<\/td>\n<td width=\"20%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:red\">1.23%<\/span><\/p>\n<\/td>\n<td width=\"18%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"margin-left:9.0pt; text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:red\">19,217<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p class=\"normal\" style=\"margin-left:9.0pt\"><span style=\"font-size:11.5pt\">&nbsp;<\/span><\/p>\n<p class=\"body-copy\">&nbsp;<\/p>\n<p class=\"body-copy\"><span style=\"color:black\">U.S. futures are picking up where markets left off on Friday, deeply in the &ldquo;red&rdquo; as momentum for the last 6 weeks remain sharply to the downside led by weakness in technology\/consumer discretionary the most, but still generally broad based as investors&rsquo; fears about a recession\/stagflation grows by the week. The U.S. stock market tumbled Friday, booking weekly losses as investors fretted over the potential for tariffs to weigh on consumer spending and weaken the economy. The Dow Jones Industrial Average closed -1.7% lower, while the S&#038;P 500 dropped -2% and the technology-heavy Nasdaq Composite lost -2.7%, falling for the 5<sup>th<\/sup> time in the last 6 weeks. Stock-market volatility climbed Friday as traders parsed fresh economic reports showing core inflation rose in February more than forecast and that consumer sentiment slumped in March amid worries that tariffs will increase inflation. Investors expect that President Donald Trump will reveal his plan for reciprocal tariffs on April 2, an announcement he refers to as &#8220;Liberation Day.&rdquo; Trump has already promised tariffs on imports from countries that charge levies on U.S. products starting Wednesday, and 25% tariffs on cars and auto parts made overseas, starting Thursday. The S&#038;P 500 and Nasdaq both come into the week down 7 of the last 9 weeks as the market hates uncertainty, and it is at a peak right now as no one has any idea what will happen with tariffs. In Asian markets, The Nikkei Index tumbled -1,500 points or 4% to settle at 35,617, the Shanghai Index dropped -15 points to 3,335, and the Hang Seng Index fell -152 points to 23,426. In Europe, the German <span class='nt-symbol'>DAX<\/span> is tumbling over -400 points or 1.8% to 22,056, while the FTSE 100 is down -100 points to 8,557. Sentiment is bleak right now and this weekend Goldman Sachs strategists don&rsquo;t see things improving much this year. David Kostin cut his <span class='nt-symbol'>S<\/span>&#038;P target for a second time this month and now expects the benchmark to end the year at around 5,700 points, implying a gain of just 2% from Friday&rsquo;s close. <\/span><\/p>\n<p class=\"body-copy\">&nbsp;<\/p>\n<div class=\"page-br mt-8\">\n<p class=\"subhead\">Market Closing Prices Yesterday<\/p>\n<ul style=\"margin-bottom:0\">\n<li class=\"page-br\"><b><span style=\"color:black\">The S&#038;P 500 Index<\/span><\/b><span style=\"color:black\"> <\/span><span style=\"color:red\">dropped -112.37 points<\/span><span style=\"color:black\">, or 1.97%, to 5,580.94<\/span><\/li>\n<\/ul>\n<\/div>\n<ul style=\"margin-top:0\">\n<li class=\"page-br\"><b><span style=\"color:black\">The Dow Jones Industrial Average<\/span><\/b><span style=\"color:black\"> <\/span><span style=\"color:red\">fell -715.80 points<\/span><span style=\"color:black\">, or 1.69%, to 41.583.90<\/span><\/li>\n<li class=\"page-br\"><b><span style=\"color:black\">The Nasdaq Composite <\/span><\/b><span style=\"color:red\">plunged -481.04 points<\/span><span style=\"color:black\">, or 2.70%, to 17,322.99<\/span><\/li>\n<li class=\"page-br\"><b><span style=\"color:black\">The Russell 2000 Index<\/span><\/b><span style=\"color:black\"> <\/span><span style=\"color:red\">declined -42.42 points<\/span><span style=\"color:black\">, or 2.05% to 2,023.27<\/span><\/li>\n<\/ul>\n<div class=\"page-br mt-8\">\n<p class=\"subhead\">Economic Calendar for Today<\/p>\n<ul>\n<li class=\"page-br\">12:00 <span class='nt-symbol'>PM<\/span> <span class='nt-symbol'>ET<\/span>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monthly Grain report for March<\/li>\n<\/ul>\n<\/div>\n<div class=\"page-br mt-8\">\n<p class=\"subhead\">Earnings Calendar: <\/p>\n<ul style=\"margin-bottom:0\">\n<li class=\"page-br\">Earnings Before the Open: <span class='nt-symbol'>BCLI<\/span> <span class='nt-symbol'>BLRX<\/span> <span class='nt-symbol'>FTCI<\/span> <span class='nt-symbol'>LOAR<\/span> <span class='nt-symbol'>PVLA<\/span> <span class='nt-symbol'>WPRT<\/span> <span class='nt-symbol'>WKHS<\/span><\/li>\n<\/ul>\n<\/div>\n<ul style=\"margin-top:0\">\n<li class=\"page-br\">Earnings After the Close: <span class='nt-symbol'>BW<\/span> <span class='nt-symbol'>BNGO<\/span> <span class='nt-symbol'>CTSO<\/span> <span class='nt-symbol'>DARE<\/span> <span class='nt-symbol'>PRGS<\/span> <span class='nt-symbol'>PVH<\/span> <span class='nt-symbol'>REKR<\/span> <span class='nt-symbol'>TTGT<\/span> <span class='nt-symbol'>VNRX<\/span> <span class='nt-symbol'>WRAP<\/span><\/li>\n<\/ul>\n<div class=\"page-br mt-8\">\n<p class=\"subhead\">Other Key Events: <\/p>\n<ul style=\"margin-bottom:0\">\n<li class=\"page-br\">American College of Cardiology (ACC), 3\/29-3\/31, in Chicago, IL<\/li>\n<\/ul>\n<\/div>\n<ul style=\"margin-top:0\">\n<li class=\"page-br\">China Caixin Manufacturing PMI for March<\/li>\n<\/ul>\n<p class=\"normal\"><span style=\"font-size:11.5pt; color:#404040\">&nbsp;<\/span><\/p>\n<p class=\"normal\" style=\"margin-left:.25in; text-indent:-.25in\"><span style=\"font-size:11.5pt; color:#404040\">&nbsp;<\/span><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\" width=\"60%\" style=\"margin-left:5.4pt; border-collapse:collapse; border:none\">\n<tbody>\n<tr style=\"height:19.65pt\">\n<td width=\"38%\" style=\"border:none; background:#F79646; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" style=\"margin-left:9.0pt; text-indent:-4.5pt; line-height:115%\"><span style=\"font-size:14.0pt; line-height:115%; color:white\">Macro<\/span><\/p>\n<\/td>\n<td width=\"35%\" style=\"border:none; background:#F79646; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:115%\"><span style=\"font-size:14.0pt; line-height:115%; color:white\">Up\/Down<\/span><\/p>\n<\/td>\n<td width=\"26%\" style=\"border:none; background:#F79646; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:115%\"><span style=\"font-size:14.0pt; line-height:115%; color:white\">Last<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height:19.65pt\">\n<td width=\"38%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" style=\"margin-left:9.0pt; text-indent:-4.5pt; line-height:11.0pt\"><b><span style=\"font-size:11.0pt; color:black\">Nymex<\/span><\/b><\/p>\n<\/td>\n<td width=\"35%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:#00B050\">0.22<\/span><\/p>\n<\/td>\n<td width=\"26%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:#00B050\">69.58<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height:19.65pt\">\n<td width=\"38%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" style=\"margin-left:9.0pt; text-indent:-4.5pt; line-height:11.0pt\"><b><span style=\"font-size:11.0pt; color:black\">Brent<\/span><\/b><\/p>\n<\/td>\n<td width=\"35%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:#00B050\">0.46<\/span><\/p>\n<\/td>\n<td width=\"26%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:#00B050\">74.09<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height:19.65pt\">\n<td width=\"38%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" style=\"margin-left:9.0pt; text-indent:-4.5pt; line-height:11.0pt\"><b><span style=\"font-size:11.0pt; color:black\">Gold<\/span><\/b><\/p>\n<\/td>\n<td width=\"35%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:#00B050\">39.40<\/span><\/p>\n<\/td>\n<td width=\"26%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:#00B050\">3,153.70<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height:19.65pt\">\n<td width=\"38%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" style=\"margin-left:9.0pt; text-indent:-4.5pt; line-height:11.0pt\"><b><span style=\"font-size:11.0pt; color:black\">EUR\/USD<\/span><\/b><\/p>\n<\/td>\n<td width=\"35%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:red\">-0.001<\/span><\/p>\n<\/td>\n<td width=\"26%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:red\">1.0817<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height:19.65pt\">\n<td width=\"38%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" style=\"margin-left:9.0pt; text-indent:-4.5pt; line-height:11.0pt\"><b><span style=\"font-size:11.0pt; color:black\">JPY\/USD<\/span><\/b><\/p>\n<\/td>\n<td width=\"35%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:red\">-0.54<\/span><\/p>\n<\/td>\n<td width=\"26%\" style=\"border:none; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:red\">149.27<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height:19.65pt\">\n<td width=\"38%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" style=\"margin-left:9.0pt; text-indent:-4.5pt; line-height:11.0pt\"><b><span style=\"font-size:11.0pt; color:black\">10-Year Note<\/span><\/b><\/p>\n<\/td>\n<td width=\"35%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:red\">-0.059<\/span><\/p>\n<\/td>\n<td width=\"26%\" style=\"border:none; background:#D9D9D9; padding:0in 5.4pt 0in 5.4pt; height:19.65pt\">\n<p class=\"normal\" align=\"center\" style=\"text-align:center; line-height:11.0pt\"><span style=\"font-size:11.0pt; color:red\">4.196%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p class=\"normal\"><span style=\"font-size:11.5pt; color:black\">&nbsp;<\/span><\/p>\n<div class=\"page-br mt-8\">\n<p class=\"subhead\">World News<\/p>\n<ul style=\"margin-bottom:0\">\n<li class=\"page-br\">Goldman Sachs Group Inc.&rsquo;s David Kostin cut his S&#038;P 500 target for a second time this month. The strategist now expects the benchmark to end the year around 5,700 points versus his previous estimate of 6,200, citing a higher recession risk and tariff-related uncertainty. The new target implies gains of just 2% from Friday&rsquo;s close and is among the lowest on Wall Street. Higher tariffs and weaker growth reduce our earnings estimates and S&#038;P 500 return forecasts. Cut our S&#038;P 500 EPS growth forecasts to +3% in 2025 (from +7%) and +6% in 2026 (from +7%). Our new EPS estimates are $253 and $269, respectively. These estimates are below both the top-down strategist consensus and the bottom-up consensus of equity analysts.<\/li>\n<\/ul>\n<\/div>\n<ul style=\"margin-top:0\">\n<li class=\"page-br\">Marine Le Pen was convicted of embezzlement and given an election ban by Paris judges; gets 5-year electoral ban applicable immediately; barred from 2027 presidential run by French court<\/li>\n<li class=\"page-br\">The Japanese yen briefly strengthens below 149-handle against the dollar as Nikkei 225 slumps as much as 4.3% amid concerns about tariffs and economic slowdown. Kospi index sheds 3% and Taiex plunges almost 3.5%. Hong Kong and China indexes also sharply lower.<\/li>\n<\/ul>\n<div class=\"page-br mt-8\">\n<p class=\"subhead\">Sector News Breakdown<\/p>\n<p class=\"sector\">Consumer<\/p>\n<ul style=\"margin-bottom:0\">\n<li class=\"page-br\">In Autos (<b><span class='nt-symbol'>GM,<\/span> <span class='nt-symbol'>F,<\/span> <span class='nt-symbol'>STLA,<\/span> <span class='nt-symbol'>TSLA<\/span><\/b>), The Trump Administration has already promised tariffs on imports from countries that charge levies on U.S. products starting Wednesday, and 25% tariffs on cars and auto parts made overseas, starting Thursday Trump told NBC News&rsquo; Meet the Press this weekend that he didn&rsquo;t care if auto makers raised their car prices because of tariffs announced last week on imported autos and auto parts. <\/li>\n<\/ul>\n<\/div>\n<ul style=\"margin-top:0\">\n<li class=\"page-br\"><b>Harley-Davidson (<span class='nt-symbol'>HOG<\/span>)<\/b> has said its products are afflicted by unfair trade policies and if the European Union implements a 50% retaliatory tariff on its motorcycles in April, prices could reach astounding heights in the company&#8217;s second-largest market by sales &ndash; WSJ.<\/li>\n<\/ul>\n<div class=\"page-br mt-5\">\n<p class=\"sector\">Energy, Industrials and Materials<\/p>\n<ul style=\"margin-bottom:0\">\n<li class=\"page-br\"><b>FTC Solar (<span class='nt-symbol'>FTCI<\/span>)<\/b> Q4 adj EPS loss (-$0.80) vs. est. loss (-$0.84); Q4 revs $13.2M vs. est. $11.61M; sees Q1 revenue $18M-$20M, vs. consensus $23.47M and sees Q1 adjusted EBITDA ($13.3M)-($10M).<\/li>\n<\/ul>\n<\/div>\n<ul style=\"margin-top:0\">\n<li class=\"page-br\"><b>Honeywell International&rsquo;s (<span class='nt-symbol'>HON<\/span>)<\/b> goal is to take Quantinuum public within the next two years, according to a person with direct knowledge of the matter, Barron&rsquo;s reported. While Honeywell is aiming to take the quantum-computing company public between the end of 2026 and sometime in 2027, this timeline is subject to change and depends on market conditions <a href=\"https:\/\/nam12.safelinks.protection.outlook.com\/?url=https%3A%2F%2Ftinyurl.com%2F2f4dndct&amp;data=05%7C02%7Chammerstone%40regalsecurities.com%7Cd5ed4c701bf94df6101b08dd704277dc%7C434827bab4eb4dc0b4031a7afe4d47c3%7C0%7C0%7C638790153119024558%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=%2BkSwlmJbJrw52yuQZErc22Eby95WawJpNFwlo3vEqXE%3D&amp;reserved=0\" originalsrc=\"https:\/\/tinyurl.com\/2f4dndct\" target=\"_blank\">https:\/\/tinyurl.com\/2f4dndct<\/a> <\/li>\n<li class=\"page-br\"><b>U.S. Steel (<span class='nt-symbol'>X<\/span>)<\/b> downgraded to Market Perform from Outperform at BMO Capital saying the current share price nearing fair fundamental value while upgraded <b>Steel Dynamics (<span class='nt-symbol'>STLD<\/span>)<\/b> to Outperform saying the company&rsquo;s product portfolio is relatively well-positioned to benefit from President Donald Trump&#8217;s expanded tariffs.<\/li>\n<\/ul>\n<div class=\"page-br mt-5\">\n<p class=\"sector\">Financials<\/p>\n<ul style=\"margin-bottom:0\">\n<li class=\"page-br\"><b>Cannae Holdings (<span class='nt-symbol'>CNNE<\/span>)<\/b> announced that it plans to use at least $460M from the proceeds of the recently announced sale of Dun &#038; Bradstreet to repurchase shares of its common stock, pay future quarterly dividends, and retire existing debt.<\/li>\n<\/ul>\n<\/div>\n<ul style=\"margin-top:0\">\n<li class=\"page-br\"><b>LPL Financial (<span class='nt-symbol'>LPLA<\/span>)<\/b> to acquire Commonwealth Financial Network which supports ~2,900 independent advisors managing ~$285B in assets for about $2.7B in cash.<\/li>\n<li class=\"page-br\"><b>PNC Financial (<span class='nt-symbol'>PNC<\/span>)<\/b> upgraded to Buy from Hold at HSBC.<\/li>\n<\/ul>\n<div class=\"page-br mt-5\">\n<p class=\"sector\">Healthcare<\/p>\n<ul style=\"margin-bottom:0\">\n<li class=\"page-br\">RFK Jr announced he is doubling HHS layoffs from 10,000 to 20,000, consolidating 28 divisions to 15 and renaming the agency the Administration for a Healthy America (AHA).<\/li>\n<\/ul>\n<\/div>\n<ul style=\"margin-top:0\">\n<li class=\"page-br\"><b>Waters Corp. (<span class='nt-symbol'>WAT<\/span>)<\/b> was upgraded to Overweight at Keybanc with $460 tgt saying building upon the themes discussed at its Investor Day, they come away with increased confidence that the Company&#8217;s exposure to pharma\/biotech manufacturing can drive outperformance relative to peers.<\/li>\n<\/ul>\n<div class=\"page-br mt-5\">\n<p class=\"sector\">Technology, Media &amp; Telecom<\/p>\n<ul style=\"margin-bottom:0\">\n<li class=\"page-br\"><b>xAI <\/b>has acquired <b>&ldquo;X:<\/b> in an all-stock transaction. The combination values xAI at $80B and X at $33B ($45B less $12B debt). Since its&rsquo; founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at unprecedented speed and scale. &ldquo;Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAI&rsquo;s advanced AI capability and expertise with X&rsquo;s massive reach&rdquo;<\/li>\n<\/ul>\n<\/div>\n<ul style=\"margin-top:0\">\n<li class=\"page-br\">Renesas Electronics, Sumco, Tokyo Electron among semiconductor companies were among the biggest losers in Japan, where the Nikkei 225 slumped. In Taiwan, Foxconn and TSMC dropped.<\/li>\n<\/ul>\n<\/div>\n<p>  <meta http-equiv=\"Content-Type\" content=\"text\/html; charset=utf8\"><meta name=\"Generator\" content=\"Microsoft Word 15 (filtered)\"><\/p>\n<style> <!-- body \t{margin:0; \tfont-family:'Roboto',sans-serif} table \t{break-inside:avoid; \tpage-break-inside:avoid; \tmargin-top:5mm} .page-br \t{break-inside:avoid; \tpage-break-inside:avoid} .mt-5 \t{margin-top:5mm} .mt-8 \t{margin-top:8mm} .normal \t{margin:0; \tfont-size:12pt} .body-copy \t{margin:0; \tline-height:115%; \tfont-size:11.5pt; \tcolor:#404040} .subhead \t{margin:0; \tfont-size:14pt; \tcolor:#F79646; \tfont-weight:bold} .sector \t{margin:0; \tfont-size:11.5pt; \tcolor:#404040; \tfont-weight:bold; \tfont-style:italic; \ttext-decoration:underline} .calendar-date \t{margin:0; \tfont-size:18pt; \tcolor:#632423; \tfont-weight:bold; \ttext-decoration:underline} --> <\/style>\n<style>     @media only screen and (max-width: 500px) {       td p.MsoNormal {         text-indent: 0!important;         margin: 0!important;       }     } <\/style>\n<style>div[class*=WordSection]>p {line-height: inherit !important;}div[class*=WordSection] a:not([href]) {color: inherit !important;}<\/style>\n<div>\n<div>_________________________________________________________________<\/div>\n<div>\n<p><em>Market commentary provided by Hammerstone Markets, Inc, a firm separate from and not affiliated with Regal Securities. Regal Securities has not participated in the creation of the content, and does not explicitly or implicitly endorse the content.<\/em><\/p>\n<\/p><\/div>\n<div><\/div>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Early Look Monday, March 31, 2025 Futures Up\/Down % Last Dow -236.00 0.56% 41,615 S&amp;P 500 -49.25 0.88% 5,573 Nasdaq -239.50 1.23% 19,217 &nbsp; &nbsp; U.S. futures are picking up where markets left off on Friday, deeply in the &ldquo;red&rdquo; as momentum for the last 6 weeks remain sharply to the downside led by weakness in technology\/consumer discretionary the most, &#8230; <a href=\"https:\/\/www.eoption.com\/morning-preview-march-31-2025\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-24746","post","type-post","status-publish","format-standard","hentry","category-daily-market-insights","no-post-thumbnail"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/posts\/24746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/comments?post=24746"}],"version-history":[{"count":0,"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/posts\/24746\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/media?parent=24746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/categories?post=24746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eoption.com\/wp-json\/wp\/v2\/tags?post=24746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}