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

1000 - Existing home sales for March: Expected 4.08M; Prior 4.09M
1000 - Existing home sales m/m for March: Expected 0.05%; Prior 1.7%
1820 - Fed’s Miran speaks

Oil and Energy Stocks

+5.21%

Trading sharply higher as a group ahead of the US Navy’s impending blockade on Iranian ports, to be imposed at 10:00 AM ET on Monday, April 13. US President Donald Trump first mentioned the possibility of a blockade on the Strait of Hormuz in a social media post on Sunday morning. This move follows negotiations between US and Iranian officials in Pakistan on Saturday; the countries failed to reach an agreement to end the conflict. Additionally, Israeli Prime Minster Benjamin Netanyahu indicated that the ceasefire with Iran could “end quickly” in comments made on Monday morning.

USO, OXY, XOM, CVX, DVN, COP, RE, TPET, BATL, EONR

Palantir Technologies Inc (PLTR)

+1.92%

Trading higher premarket after wrapping up its worst single-week performance since February 2025. The stock attempted to rebound on Friday after US President Donald Trump praised the company in a Truth Social post. The company’s stock ticker was directly mentioned within the post, in which Trump said the company has “great war fighting capabilities and equipment”. Separately, Cathie Wood’s ARK Invest purchased 85.485 Palantir shares across several of its funds on Friday; the total purchase was valued at roughly $11.15 million.

Goldman Sachs Group Inc (GS)

-1.30%

On watch after releasing earnings for Q1 2026, making it the first of the major banks to do so for this earnings season. Goldman Sachs posted revenue of $17.23 billion and earnings of $17.55 per share, beating estimates of $16.97 billion and $16.49, respectively. Investment banking fees came in at $2.84 billion, while net interest income was reported at $3.56 billion. The company posted $5.33 billion in equities trading revenue for the quarter, beating estimates, though its Fixed Income, Currency, and Commodities (FICC) results fell short of expectations.

Tesla Inc (TSLA)

-0.58%

On watch after receiving approval in the Netherlands for its Full Self-Driving (Supervised) system, marking its first regulatory green light in Europe and paving the way for a broader EU rollout. While regulators found it beneficial for safety, they emphasized it is not fully autonomous and requires driver control.

Meta Platforms Inc (META)

-0.82%

The Financial Times reported that the company is developing an AI-powered version of Mark Zuckerberg that could interact with employees on his behalf as part of a broader push to integrate AI across the company. The project is still early and separate from a planned “CEO agent,” but reflects Meta’s focus on creating photorealistic AI characters for real-time engagement. Separately, data from advertising research firm Emarketer suggests that Meta’s net ad revenue could surpass that of Google in 2026.

Microsoft Corp (MSFT)

-0.16%

On watch after Bernstein issued an optimistic note on the stock. The analyst opined that that concerns around AI hurting Microsoft may be misplaced, as its heavy CAPEX is largely driving near-term revenue, high-margin software (like Copilot), and future growth despite temporary margin pressure. The firm expects Azure growth to accelerate in the second half of the year, noting that investor worries overlook the timing lag between AI infrastructure investment and revenue generation.

Nike Inc (NKE)

-0.75%

Trading marginally lower premarket after HSBC downgraded the stock to Hold and slashed its price target from $90 to $48. The downgrade was attributed to poor visibility into Nike’s recovery and a lack of near-term catalysts as the turnaround story shifts to a “show me” phase. The firm also cut long-term profit estimates sharply due to ongoing weakness across key segments and regions, including Converse, China, EMEA, and sportswear.

Nebius Group NV (NBIS)

-2.26%

Trading lower premarket after Freedom Capital Markets downgraded the stock to Hold from Buy, and cut its price target to $108 from $154, saying the stock has run up too quickly and appears overbought despite improved revenue and EBITDA forecasts. While the firm raised its price target on strong 2027 growth expectations and expanding capacity, it believes near-term valuation is stretched and sees better opportunities in peers.

Amazon.com Inc (AMZN)

-0.98%

On watch after is expanding its Amazon Autos platform to more brands and over 130 US cities with the goal of streamlining car buying with online browsing, financing, and reduced dealership time. The move reflects Amazon’s push to capture a share of the massive vehicle market by digitizing a traditionally in-person retail experience.

Nexstar Media Group Inc (NXST)

+2.85%

Bloomberg reported that the company is pushing its local stations to rely less on national network content from ABC, NBC, and CBS, instead prioritizing programming from its own NewsNation channel. The move aims to strengthen its competitive position and leverage its vast network of over 200 stations reaching 220 million viewers.

Nokia Corp (NOK)

+2.01%

Trading higher premarket after BofA upgraded the stock to Buy and raised its price target from $6.87 to $10.70, citing its transformation into an optical networking leader driven by the Infinera acquisition and strong demand from AI data center buildouts. The firm expects margin expansion and earnings upside from cost efficiencies, software growth, and market share gains in Europe, projecting EPS above consensus through 2028.

Best Buy Co Inc (BBY)

-4.02%

Goldman Sachs downgraded the stock to Sell with a $59 price target, citing expected sales strength in Q1 from pulled-forward PC demand and higher tax refunds but warning of weakening trends afterward. The firm sees risks of margin compression, softer demand as prices rise, and continued weakness in key categories. Goldman Sachs believes these factors will likely lead to negative earnings revisions and stock underperformance in the second half of the year.

Fastenal Co (FAST)

-3.98%

Trading sharply lower premarket following its Q1 2026 earnings report. Earnings of $0.30 per share were in-line with analyst estimates, while sales of $2.202 billion beat estimates of $2.199 billion.

Real Messenger Corp (RMSG)

+99.51%

Trading sharply higher premarket. The stock has a market capitalization of $2.38 million and a float of 1.19 million shares, approximately 47.6% of which are sold short.