^{_{Welcome to the TraderTV Live Morning Research Note. Here's what's making major moves in the market today.}}

0830 - CPI y/y for March: Expected 2.5%; Prior 2.8%
0830 - CPI m/m for March: Expected 0.1%; Prior 0.2%
0830 - Core CPI y/y for March: Expected 3%; Prior 3.1%
0830 - Core CPI m/m for March: Expected 0.3%; Prior 0.2%
0830 - Initial jobless claims: Expected 223k; Prior 219k
0930 - Fed’s Logan speaks
1000 - Fed’s Schmid speaks

Big Tech

-2.43%

Pulling back as a group after the Nasdaq recorded its second-best session in history, closing 12% higher on Wednesday, April 9. The rally was driven by a post from President Donald Trump on Truth Social; Trump announced 125% tariffs for Chinese goods and a 90-day pause for reciprocal tariffs for cooperating countries. The move followed a pair of optimistic posts from Trump after the opening bell, including one post suggesting that it is “a great time to buy”. Separately, White House economic adviser Kevin Hassett maintained that 10% tariffs are the “baseline” during a CNBC interview on Thursday morning.

MSFT, META, GOOGL, NVDA, AMD, AVGO, PLTR

Tesla Inc (TSLA)

-3.67%

UBS reiterated its Sell rating on the stock and lowered its price target to $190 from $225 while maintaining a Sell rating, citing rising trade policy costs that are pushing up vehicle prices and dampening demand. The firm also warns of potential production disruptions and supply chain challenges that could strain suppliers and require unexpected capital, noting the auto sector's difficulty adapting to uncertainty due to its long planning cycles.

Crypto Stocks

-1.83%

Pulling back as a group following a strong session on Wednesday, which saw Bitcoin open around $76,000 and close above $82,500. The rally in cryptocurrencies, much like the move made by the rest of the market, was motivated by President Trump’s announcement of a 90-day pause for reciprocal tariffs for cooperating countries. Bitcoin is trading back below $82,000 as of Thursday around 7:40 AM.

COIN, MSTR, MARA, RIOT, IBIT, ETHE, HUT, CLSK, IREN, CAN, HIVE

Apple Inc (AAPL)

-2.43%

The stock continues to be on watch as tariff talks continue due to its reliance on production from countries like India and China. In an interview on Wednesday, Wedbush analyst Dan Ives warned that costs could surge to roughly $3,500 per device if Apple shifts iPhone manufacturing to the U.S. due to Trump’s tariffs. Despite Apple’s plans to invest $500 billion in U.S. operations, escalating trade tensions and a new 125% tariff on Chinese imports have already triggered a rush of consumers buying iPhones ahead of expected price hikes.

Chinese ADRs

+1.92%

Trading higher as a group following a strong overnight session for Chinese markets, with the Hang Seng Index closing 2% higher and the CSI 300 Index gaining 1.3%. CN Wire reported that leaders are set to meet soon to discuss potential stimulus measures. These reported stimulus talks follow President Trump’s announcement of 125% tariffs on Chinese goods, which went into effect as of his post around 1:10 PM ET.

BABA, BILI, BIDU, PDD, JD, LI, NIO, XPEV, FXI, KWEB

Amazon.com Inc (AMZN)

-2.04%

Reuters reported that Chinese Amazon sellers are considering raising prices or exiting the U.S. market altogether in response to President Trump's steep tariff hikes, which they say are driving up costs and threatening their survival. Wang Xin, head of the Shenzhen Cross-Border E-Commerce Association, warned that the tariffs create overwhelming financial pressure. Additionally, Amazon’s plan to launch 27 Kuiper satellites as part of its space-based internet project was delayed due to technical issues and poor weather at Cape Canaveral.

CarMax Inc (KMX)

-7.57%

Gapping down after reporting earnings for fiscal Q4 2025. The company reported earnings of $0.58 per share, below estimates of $0.68, though sales of $6 billion beat estimates of $5.96 billion. Net revenue grew by 6.7% year-over-year, while gross profit per unit grew by $71.

Ford Motor Co (F)

-3.06%

Trading sharply lower premarket after Goldman Sachs downgraded the stock from Neutral to Buy and cut its price target from $11 to $9. The downgrade was attributed to weaker consumer demand, rising tariff-related costs, and increased international competition. The firm also noted that Ford’s recent outperformance has led to a relatively high valuation compared to its peers.

Travel Stocks

-2.95%

Pulling back as a group after a strong showing on Wednesday. The sector rallied alongside the rest of the market after President Trump’s announcement of a 90-day reciprocal tariff pause for cooperating countries. Separately, Morgan Stanley cut its price target for Carnival from $25 to $21 due to concerns about leverage and the macroeconomic outlook. Delta is also on watch following their earnings report on Wednesday morning.

CCL, NCLH, RCL, AAL, DAL, UAL, LUV

Wheeler Real Estate Investment Trust Inc (WHLR)

+111.39%

Gapping up on no apparent news catalyst. The stock has a float of 933,150 shares and a market capitalization of $5.86 million.

Pasithea Therapeutics Corp (KTTA)

+44.04%

Gapping up after announcing that a Safety Review Committee recommended that the company’s cancer treatment trial continue forward with the next dose level of 30 mg. The stock has a float of 2.16 million shares.