ProPetro Holding (NYSE:PUMP) Stock

PROPETRO HOLDING CORP

ProPetro Holding

ProPetro Holding Corp is a Texas-based oilfield services company. It provides hydraulic fracturing, wireline, and other complementary services to oil and gas companies engaged in the exploration and production of North American oil and natural gas resources. The company focused on the Permian Basin. The operating segments of the company are hydraulic fracturing which generates key revenue, wireline, cementing, and power generation service.

ProPetro Holding Corp

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Shares of energy related stocks are trading higher after President Trump said the U.S won't agree to any uranium enrichment by Iran. Additionally, the commodity could be seeing continued strength after OPEC+ decision to keep output levels unchanged.

JP Morgan analyst Arun Jayaram maintains ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) with a Neutral and lowers the price target from $8 to $7.

News

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Analyst Ratings

JP Morgan Maintains Neutral on ProPetro Holding, Lowers Price Target to $7

ProPetro Holding Corp. ("ProPetro" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) is pleased to announce that its PROPWR℠ division has secured its inaugural contract under which it will commit 80 megawatts of power generation capacity. This 10-year agreement represents a significant milestone for PROPWR, marking its first customer commitment and aligning with the Company's mission to "Rethink The Grid."
Executed in collaboration with a Permian-focused E&amp;P operator, the project involves PROPWR committing capacity of 80 megawatts, with asset deployment scheduled to begin in the third quarter of this year and continuing through 2026. PROPWR will deliver turnkey power to a distributed microgrid installation, utilizing in-field gas where utility power is unavailable to support production operations. This solution combines natural gas reciprocating engines and gas turbine generation to provide reliable power services under the contract. The comprehensive scope of service includes assets, onsite operations, maintenance, monitoring, an availability guarantee, and take-or-pay obligations for the customer supporting PROPWR's capacity commitment. This agreement not only underscores PROPWR's commitment to innovation and growth but also lays the groundwork for future expansion, with customer options to substantially increase PROPWR's committed capacity over time.
The Company is actively pursuing additional opportunities, and is engaged in negotiations for additional contracts that extend beyond today's announcement. As highlighted during the Company's first-quarter earnings call, PROPWR has already agreed to terms with one additional customer through a letter of intent and is working to finalize the associated contract. The Company anticipates sharing more exciting contract announcements in the near future.

ProPetro Holding's PROPWR Division Secures 10-Yr Contract For 80 Megawatts Of Power Generation Capacity

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Shares of energy stocks are trading higher amid a rise in the price of oil after the US and China agreed to a temporary reduction in most tariffs. The commodity may be experiencing strength amid escalating conflict between Pakistan and India.

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Shares of energy stocks are trading lower amid a drop in oil and natural gas prices following a decline in US Q1 GDP, which could weigh on demand outlook.

Stifel analyst Stephen Gengaro maintains ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) with a Buy and lowers the price target from $12 to $11.

Stifel Maintains Buy on ProPetro Holding, Lowers Price Target to $11

U.S. stocks were mixed, with the Dow Jones index gaining around 0.1% on Tuesday.
Shares of Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) rose sharply during Tuesday's session after the company reported better-than-expected first-quarter financial results and <a href="https://www.benzinga.com/quote/HON/earnings">raised its FY25 adjusted EPS guidance</a>.
Revenue grew 8% year-over-year (Y/Y, organic: +4% Y/Y) to $9.82 billion, beating the consensus of $9.59 billion. Adjusted EPS was $2.51 (+7% Y/Y), beating the consensus of $2.21.
Honeywell International shares climbed 4.9% to $210.54 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) shares jumped 23% to $34.99 after the company announced a collaboration with Novo Nordisk to offer a bundled package of all dose strengths of Wegovy on its platform.</li>
<li>Leggett &amp; Platt, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) gained 21.1% to $8.81 after the company reported better-than-expected first-quarter EPS results and raised its FY25 EPS guidance.</li>
<li>Clarivate Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLVT#NYSE">CLVT</a>) jumped 16.8% to $4.1950 after the company reported better-than-expected quarterly financial results.</li>
<li>Kiniksa Pharmaceuticals International, plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KNSA#NASDAQ">KNSA</a>) jumped 16% to $24.90 as the company raised its FY2025 sales guidance.</li>
<li>CECO Environmental Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CECO#NASDAQ">CECO</a>) gained 15.7% to $22.22 following upbeat quarterly earnings.</li>
<li>LZ Technology Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LZMH#NASDAQ">LZMH</a>) rose 14.8% to $9.19.</li>
<li>ProPetro Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) shares rose 11.2% to $5.86 after the company reported a first-quarter adjusted EPS and revenue beat.</li>
<li>TriMas Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRS#NYSE">TRS</a>) gained 11.2% to $23.34 following better-than-expected quarterly earnings.</li>
<li>Shift4 Payments, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOUR#NYSE">FOUR</a>) gained 10.4% to $87.96 after the company reported better-than-expected first-quarter adjusted EPS results.</li>
<li>Metsera, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTSR#NASDAQ">MTSR</a>) rose 10.2% to $21.83.</li>
<li>EPWK Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EPWK#NASDAQ">EPWK</a>) rose 9.4% to $15.00.</li>
<li>Crown Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCK#NYSE">CCK</a>) gained 7% to $96.04 after the company reported better-than-expected quarterly financial results and raised its FY25 adjusted EPS guidance.</li>
<li>Noble Corporation plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NE#NYSE">NE</a>) rose 6.4% to $22.36 after the company reported better-than-expected quarterly sales results.</li>
<li>Crane Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CR#NYSE">CR</a>) gained 5.3% to $156.47 following upbeat quarterly earnings.</li>
</ul>
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</ul>
Photo via Shutterstock

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Hims & Hers Health, Inc. Class A Common Stock

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Honeywell Posts Better-Than-Expected Q1 Earnings, Joins Crown Holdings, Noble, Crane And Other Big Stocks Moving Higher On Tuesday

ProPetro Holding shares are trading higher after the company reported a Q1 adjusted EPS and revenue beat.

ProPetro Holding Q1 2025 Adj. EPS $0.09 Beats $0.06 Estimate, Sales $359.42M Beat $343.58M Estimate

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Laboratory Corporation Of America Holdings

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Earnings Scheduled For April 29, 2025

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Shares of energy companies are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

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Shares of energy companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

U.S. stock futures fell on Thursday following Wednesday&#8217;s relief after a two-day fall. Futures of all four benchmark indices fell in premarket trading.
President Donald Trump&#8217;s administration postponed implementation of auto tariffs by one month on Wednesday after the tariffs on Canada, Mexico, and China were implemented on Tuesday.
Meanwhile, the 10-year Treasury yield stood at 4.30%, while the two-year yield was at 3.99%. According to the CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>, there is a 93% chance that the Federal Reserve will keep interest rates unchanged for the March meeting.
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<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-1.32%</td>
</tr>
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<td>S&amp;P 500</td>
<td>-1.12%</td>
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<td>Dow Jones</td>
<td>-0.92%</td>
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<td>Russell 2000</td>
<td>-1.14%</td>
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The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Thursday. SPY dropped 1.15% to $576.35, and QQQ declined 1.33% to $495.34, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
Utilities and energy were the only sectors that declined on Wednesday, while the market witnessed a rally led by materials, consumer discretionary, industrials, and communication services sectors.
On the economic front, February&#8217;s ADP report showed that the private sector employment was up 77,000 jobs, with annual pay rising 4.7%. The S&amp;P Global US Composite PMI Output Index fell to 51.6 in February, down from 52.7 in January. It was the second successive month in which the PMI has fallen, and the latest reading was the lowest since last April.
Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) declined in after-hours following a disappointing guidance. Rigetti Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) also fell in after-hours as its revenue missed estimates.
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<td>Index</td>
<td>Performance (+/-)</td>
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<td>Nasdaq Composite</td>
<td>1.46%</td>
<td>18,552.73</td>
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<td>S&amp;P 500</td>
<td>1.12%</td>
<td>5,842.63</td>
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<td>Dow Jones</td>
<td>1.14%</td>
<td>43,006.59</td>
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<td>Russell 2000</td>
<td>1.02%</td>
<td>2,100.75</td>
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Insights From Analysts
A notable drop in the 10-year Treasury yield reflects market concerns about economic deceleration, said Scott Wren, senior global market strategist at Wells Fargo. Despite robust fourth-quarter earnings and previously strong growth, recent data paints a more cautious picture.
Wren attributes this shift to factors like lowered consumer sentiment, driven by tariff uncertainties and potential labor market weakness. He also points to a &#8220;pull-forward&#8221; effect, where companies and consumers accelerated purchases to avoid anticipated tariff-related price hikes, evidenced by record-high January trade deficits. Weather impacts further complicate the data.
However, Wren notes positive signs, including strong consumer spending on services and increased home purchase applications amid falling mortgage rates. While acknowledging a near-term economic slowdown, he anticipates solid growth in 2025.
&#8220;From our perspective, we see a slowing economy as something like a temporary air pocket in the nearer term, and we continue to expect solid economic growth in 2025. We see market uncertainties creating opportunities in both equities and fixed income as the year progresses. Be patient, but be ready to act.&#8221;
Analysts at BlackRock highlighted the &#8220;unusually uncertain policy environment,&#8221; which according to them requires different views across horizons.
&#8220;While U.S. corporate strength is our base case for now, we have seen the outlook evolve suddenly in recent years. We stand ready to pivot given uncertainty because of the economic transformation and U.S. policy now. We created our scenarios last year to help us navigate this volatile environment. While some of the incoming information on U.S. policy has been noisy, we expect that to become a concrete signal to adapt to,&#8221; stated the BlackRock note.
Reiterating confidence in AI-linked stocks, the analysts added, &#8220;AI-related shares have come under pressure from lingering investor worries about whether AI investment will pay off. Yet we think this is still the early phase of AI adoption and see room for the buildout winners to do well.&#8221;
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep on Thursday:
<ul>
<li>Initial jobless claims data for the week ended March 1 will be out by 8:30 a.m., ET.</li>
</ul>
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<li>U.S. productivity data for the fourth quarter and U.S. trade deficit data for January will be released at 8:30 a.m., ET as well.</li>
</ul>
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<li>January&#8217;s wholesale inventory data will be out by 10:00 a.m., ET.</li>
</ul>
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<li>Fed Governor Christopher Waller will speak at 3:30 p.m. and Atlanta Fed President Raphael Bostic will speak at 7:00 p.m.</li>
</ul>
Stocks In Focus:
<ul>
<li>BJ&#8217;s Wholesale Club Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) was up 0.01% in the premarket on Thursday ahead of its earnings, which will be released before the opening bell. Analysts expect it to report earnings of 88 cents per share on revenue of $5.32 billion.</li>
</ul>
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<li>Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) slipped 0.27% as Wall Street expects it to report quarterly earnings of $1.11 per share on revenue of $34.51 billion before the opening bell.</li>
</ul>
<ul>
<li>Macy&#8217;s Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) was 0.45% higher ahead of its earnings, which will be released before the opening bell. Analysts expect it to report earnings of $1.53 per share on revenue of $7.87 billion.</li>
</ul>
<ul>
<li>Hewlett Packard Enterprise Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) declined 1.54% ahead of its earnings, which will be released after the closing bell. Analysts expect it to report earnings of 49 cents per share on revenue of $7.82 billion.</li>
</ul>
<ul>
<li>Veeva Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) climbed 6.12% after its revenue of $720.9 million, up 14% year-over-year, beat the consensus estimate of $699.11 million.</li>
</ul>
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<li>Propetro Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) plunged 45.88% after its CFO, David Schorlemer, departed the company on March 3, 2025, after 4.5 years of leading financial growth and development.</li>
</ul>
<ul>
<li>AGM Group Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGMH#NASDAQ">AGMH</a>) surged 105.28% as it completed $5.4 million public offering to expand Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining operations.</li>
</ul>
<ul>
<li>Cutera Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CUTR#NASDAQ">CUTR</a>) shares jumped 37.23% as it announced a plan to reduce debt by $400 million and raise $65 million on Wednesday.</li>
</ul>
<ul>
<li>Visionary Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) gained 25.3% after the company received a financing consent letter worth $1 billion from Alfardan Group of Qatar to fund product R&amp;D and the development of PEGASUS new energy vehicles.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.36% to hover around $66.55 per barrel.
The gold spot index was down by 0.83% to $2,894.73 per ounce. Its last record high was at $2,956.37 per ounce. The Dollar Index was down 0.07% at the 104.204 level.
Asian markets closed higher on Thursday except Australia's ASX 200 index. India's S&amp;P BSE Sensex, China's CSI 300, South Korea's Kospi, Japan's Nikkei 225, and Hong Kong's Hang Seng index advanced. European markets were mostly lower in trade.
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Photo courtesy: Shutterstock

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Pre-Market Outlook

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US Stocks Likely To Open Lower After Wednesday's Blip: 'Be Patient, But Be Ready To Act,' Says Analyst As Market Uncertainties Can Create 'Opportunities'

Management

ProPetro Names Celina A. Davila Interim CFO As David Schorlemer Steps Down

Analysts' ratings for ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) over the last quarter vary from bullish to bearish, as provided by 4 analysts.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
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<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
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<th align="right">Bearish</th>
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<td align="right">0</td>
<td align="right">0</td>
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<td align="right">0</td>
<td align="right">0</td>
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<td align="right">1</td>
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<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
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<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
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<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
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Insights from analysts' 12-month price targets are revealed, presenting an average target of $10.75, a high estimate of $12.00, and a low estimate of $10.00. This upward trend is evident, with the current average reflecting a 4.07% increase from the previous average price target of $10.33.
<img src="https://www.benzinga.com/files/images/story/2025/1741028475_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive ProPetro Holding. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
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<td>David Anderson</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$11.00</td>
<td>$12.00</td>
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<tr>
<td>Stephen Gengaro</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$12.00</td>
<td>$11.00</td>
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<td>Scott Gruber</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$10.00</td>
<td>$8.00</td>
</tr>
<tr>
<td>Arun Jayaram</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Neutral</td>
<td>$10.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to ProPetro Holding. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of ProPetro Holding compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of ProPetro Holding's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of ProPetro Holding's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PUMP/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on ProPetro Holding analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">you can start by tracking it here</a>.
<h2>All You Need to Know About ProPetro Holding</h2>
ProPetro Holding Corp is a Texas-based oilfield services company. It provides hydraulic fracturing, wireline, and other complementary services to oil and gas companies engaged in the exploration and production of North American oil and natural gas resources. The company focused on the Permian Basin. The operating segments of the company are hydraulic fracturing which generates key revenue, wireline, cementing, and power generation service.
<h3>A Deep Dive into ProPetro Holding's Financials</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Challenges: ProPetro Holding's revenue growth over 3 months faced difficulties. As of 31 December, 2024, the company experienced a decline of approximately -7.83%. This indicates a decrease in top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: ProPetro Holding's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -5.32%, the company may face hurdles in effective cost management.
Return on Equity (ROE): ProPetro Holding's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -2.07%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): ProPetro Holding's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -1.36%, the company may face hurdles in achieving optimal financial returns.
Debt Management: ProPetro Holding's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.21.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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Assessing ProPetro Holding: Insights From 4 Financial Analysts

Barclays analyst David Anderson maintains ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) with a Overweight and lowers the price target from $12 to $11.

Barclays Maintains Overweight on ProPetro Holding, Lowers Price Target to $11

U.S. stock futures fell on Tuesday following Monday's mixed close. Futures of all the four benchmark indices declined in premarket trading.
Investor anxiety over tariffs and anticipation of Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) earnings this week weighed on the sentiment.
President Donald Trump confirmed on Monday that his administration will <a href="https://www.benzinga.com/news/global/25/02/43926015/trump-confirms-tariffs-on-canada-mexico-will-take-effect-as-planned">proceed with tariffs</a> on imports from Canada and Mexico, despite economic concerns. The decision, initially delayed by a month, will take effect next week, signaling a shift in North American trade relations.
Trump reiterated his stance at a White House press conference, arguing that foreign nations have unfairly benefited from U.S. trade policies and stressing the need for reciprocal tariffs. 
Treasury yields slipped on Tuesday. The 10-year Treasury yield stood at 4.34%, while the two-year yield was at 4.12%. According to the CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>, there is a 95.5% chance that the Federal Reserve will keep interest rates unchanged for the March meeting.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.49%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.29%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.07%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.28%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell in premarket on Tuesday. SPY was down 0.35% to $595.13, and QQQ declined 0.60% to $516.75, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
Information technology, utilities, consumer discretionary, communication services, and utilities dragged the indices on Monday, whereas health care, financials, and real estate sectors advanced.
Alibaba Group Holding Ltd ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) plunged over 10% as Trump's memo directed the Committee on Foreign Investment to limit Chinese spending and investment. No economic data was scheduled to be released on Monday. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-1.21%</td>
<td>19,286.93</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.50%</td>
<td>5,983.25</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.076%</td>
<td>43,461.21</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.78%</td>
<td>2,178.27</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
"Caution is warranted as we navigate the complex dynamics ahead," said economist Jeremy Siegel in his weekly market note as he said no economic data but Nvidia's earnings will be the most significant event this week.
Siegel who was a former professor at the University of Pennsylvania said that investors should remain focused on earnings strength, the trajectory of interest rates, and developments on the tariff front.
"While Growth stocks continue to dominate, any shift in margins or competitive dynamics—especially in AI—could create volatility.
Barchart in an X post shared a graph showing that the S&amp;P 500's price-to-book ratio has now surpassed the Dot Com Bubble high.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">S&amp;P 500 Price-to-Book Ratio has now surpassed the Dot Com Bubble High &#x1f6a8; <a href="https://t.co/w76HoTJoa4">pic.twitter.com/w76HoTJoa4</a>
&mdash; Barchart (@Barchart) <a href="https://twitter.com/Barchart/status/1894008755567632741?ref_src=twsrc%5Etfw">February 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Louis Navellier of Navellier &amp; Associates highlights the growing pressure President Trump is placing on both German and U.S. companies to move operations to the U.S. to avoid higher tariffs.
In line with this, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) made a significant announcement on Monday, committing to invest $500 billion in the U.S. over the next four years, marking its largest domestic investment to date. The tech giant plans to hire 20,000 workers and produce AI servers on U.S. soil.
This move follows a recent meeting between Apple CEO Tim Cook and President Trump, who praised the company&#8217;s investment, saying, "He's investing hundreds of billions of dollars."
Trump has also threatened a 10% additional tax on imports from China, where Apple manufactures most of its products, including iPhones. Historically, "Trump has traded investment in the U.S. for tariff relief in the past, so it appears that Apple is doing its best to appease the Trump Administration."
&#8220;It&#8217;s hard to be too concerned when after the worst week in months the S&amp;P is only 2.4% from all-time highs. The trend remains positive, but Nvidia could have a material impact in the short term, in either direction,&#8221; he added.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep on Tuesday:
<ul>
<li>Dallas Fed President Lorie Logan will speak in London at 4:20 a.m., ET.</li>
</ul>
<ul>
<li>December's S&amp;P Case-Shiller home price index for 20 cities will be out at 9:00 a.m., ET.</li>
</ul>
<ul>
<li>February's consumer confidence data will be announced at 10:00 a.m., ET.</li>
</ul>
<ul>
<li>Fed Vice Chairman for Supervision Michael Barr will speak at 11:45 a.m., ET.</li>
</ul>
<ul>
<li>Richmond Fed President Tom Barkin will speak at 01:00 p.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Home Depot Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) declined 1.17% in the premarket on Tuesday ahead of its earnings, which will be released before the opening bell. Analysts expect it to report earnings of $3.04 per share on revenue of $39.07 billion.</li>
</ul>
<ul>
<li>Keurig Dr Pepper Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>) advanced 0.44% as Wall Street expects it to report quarterly earnings of 57 cents per share on revenue of $4 billion before the opening bell.</li>
</ul>
<ul>
<li>Workday Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) was up 0.41% ahead of its earnings, which will be released after the closing bell. Analysts expect it to report quarterly earnings of $1.78 per share on revenue of $2.18 billion.</li>
</ul>
<ul>
<li>Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) dropped 0.13% as Wall Street expects it to report quarterly earnings of $2.58 per share on revenue of $3.83 billion after the closing bell.</li>
</ul>
<ul>
<li>Brera Holdings PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BREA#NASDAQ">BREA</a>) jumped 118.60% as it entered the eSports market by launching Brera FC&#8217;s FIFA&#xAE; 23 Pro Clubs&#x2122; team, joining a select group of just 56 clubs in Italy.</li>
</ul>
<ul>
<li>Wah Fu Education Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAFU#NASDAQ">WAFU</a>) zoomed 87.15% as it announced plans to integrate DeepSeek, a domestic large language model, into its educational platform to drive AI transformation, focusing on its online education and exam preparation services through two key initiatives.</li>
</ul>
<ul>
<li>Propetro Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) fell 2.68% after reporting a fourth-quarter 2024 adjusted loss of 1 cent per share.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.03% to hover around $70.72 per barrel.
The gold spot index was down by 0.41% to $2,941.04 per ounce easing from the record high of $2,956.37. The Dollar Index was up 0.07% at 106.674 level.
Asian markets ended lower on Monday except India's S&amp;P BSE Sensex index. Japan's Nikkei 225, Australia's ASX 200, China's CSI 300, South Korea's Kospi, and Hong Kong's Hang Seng index declined. European markets were mostly higher in trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/02/43933428/dominos-pizza-serves-consistent-market-share-gains-since-2015-despite-q4-earnings-miss-aims-for-3-same-store-sales-growth-to-capture-additional-share">Domino&#8217;s Pizza Sees 1% QSR Market Share Increase Despite Q4 Earnings Miss: &#8216;Consistent With Our Average Annual Share Growth&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Government

AAPL

BABA

BREA

INTU

NVDA

WAFU

WDAY

US Stocks Likely To Open Lower: 'Caution Is Warranted,' Says Expert As Investors Navigate 'Complex Dynamics' Ahead

Stifel analyst Stephen Gengaro maintains ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) with a Buy and raises the price target from $11 to $12.

Stifel Maintains Buy on ProPetro Holding, Raises Price Target to $12

Benchmark analyst Kurt Hallead reiterates ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) from Hold to Hold.

Reiteration

Benchmark Reiterates Hold on ProPetro Holdingto Hold

ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) reported quarterly losses of $(0.01) per share which met the analyst consensus estimate. This is a 93.75 percent increase over losses of $(0.16) per share from the same period last year. The company reported quarterly sales of $320.55 million which missed the analyst consensus estimate of $321.76 million by 0.38 percent. This is a 7.83 percent decrease over sales of $347.78 million the same period last year.

Earnings Misses

ProPetro Holding Q4 Adj EPS $(0.01), Inline, Sales $320.55M Miss $321.76M Estimate

Press Releases

ProPetro Announces Third Quarter 2024 Earnings Call

ProPetro Reports Financial Results for the Third Quarter of 2024

ProPetro Announces ProPWRSM Power Generation Business

ProPetro Announces Contract for a 4th FORCE® Electric Hydraulic Fracturing Fleet

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