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

0830 - NY Fed manufacturing for April: Expected -13.5; Prior -20
0830 - Export prices m/m for March: Expected 0%; Prior 0.1%
0830 - Import prices m/m for January: Expected 0%; Prior 0.4%
1035 - Fed’s Barkin speaks
1910 - Fed’s Cook speaks

Nvidia, AMD, and Taiwan Semiconductor

+0.23%

AMD CEO Lisa Su announced the company is ready to begin producing chips at TSMC’s Arizona facility and plans to increase U.S.-based AI server manufacturing. This follows Nvidia’s announcement that it will begin producing its AI supercomputers in the U.S. for the first time, investing up to $500 billion over four years and partnering with companies like Foxconn, Wistron, and TSMC to set up facilities in Arizona and Texas. President Donald Trump announced on Tuesday morning via a Truth Social post that “all necessary permits will be expedited” to Nvidia.

NVDA, AMD, TSM

Bank of America and Citigroup

+2.02%

Both financial institutions reported earnings before the bell. Bank of America reported GAAP earnings of $0.90 per share and sales of $27.4 billion for Q1 2025, above estimates of $0.81 and $26.99 billion, respectively. The bank reported a 12% year-over-year increase in total deposits, with all of its other revenue segments growing by at least 3% over the same period. Meanwhile, Citigroup reported GAAP earnings of $1.96 per share, beating estimates of $1.84, and sales of $21.6 billion, above expectations of $21.29 billion.

BAC, C

Meta Platforms Inc (META)

+0.30%

The company is currently facing an antitrust trial brought by the FTC, which seeks to potentially break up Meta by forcing the divestiture of Instagram and WhatsApp. In testimony on Monday, Meta CEO Mark Zuckerberg defended the deals as necessary for adapting to mobile trends. Meta’s lawyers claimed the company isn’t a monopoly since it offers free services and faces strong competition from platforms like TikTok and YouTube.

Webull Corp (BULL)

-10.57%

Gapping down after closing nearly 375% higher on Monday. The stock opened Monday’s session at $27.64 and reached a high of $79.56 before closing at $62.90. The company went public late last week via a business combination with SK Growth Opportunities, which formerly traded under the ticker “SKGR”.

The Boeing Company (BA)

-3.06%

Trading sharply lower premarket after Bloomberg reported that China has instructed its airlines to stop taking deliveries of Boeing jets and suspend purchases of U.S. aviation parts. This move follows the imposition of steep tariffs by both countries and may push Chinese airlines toward alternatives like Airbus and domestic manufacturer Comac.

Coty Inc (COTY)

-4.43%

Gapping down after BofA downgraded the stock from Buy to Underperform and cut its price target to $4.50 from $9. The double downgrade was attributed to concerns over weakening consumer spending and global market share losses. Despite past strength in Prestige fragrances, BofA expects slower growth and lower valuations across Coty’s Prestige and Consumer Beauty segments.

Palantir Technologies Inc (PLTR)

+1.21%

Continuing to trade higher premarket with volume after gaining 4.6% as of the close of Monday’s session. The company finalized a deal with NATO’s Communications and Information Agency for the Maven Smart System NATO (MSS NATO), which will be used by NATO’s Allied Command Operations to enhance military operations through AI-driven capabilities. The deal was announced on Monday morning and led the stock to reach $96 at its highs before pulling back to close around $92.50.

Johnson & Johnson (JNJ)

-0.49%

On watch following its Q1 2025 earnings report, with adjusted earnings of $2.77 per share and sales of $21.89 billion exceeding estimates of $2.60 and $21.58 billion, respectively. The company cut its FY25 EPS guidance from $10.75-$10.95 to $10.50-$10.70, still exceeding estimates of $10.46. Johnson & Johnson guided sales between $91 billion and $91.8 billion for the fiscal year, slightly outpacing its previous guidance of $90.9 billion to $91.7 billion.

Mineral and Metal Stocks

+7.81%

Continuing to trade sharply higher as a group after the Financial Times reported that President Trump will issue an executive order to create a U.S. strategic reserve of rare earth minerals mined from the Pacific Ocean floor, aiming to reduce dependence on China. This move follows China’s new export restrictions on heavy rare earths, which are crucial for technologies like EV motors and currently dominated by Chinese production. The report was released on Saturday and drove a rally in the minerals space on Monday.

TMC, CRML, MP

Applied Digital Corp (APLD)

-12.68%

Gapping down after its Q3 2025 earnings report. The company reported narrower-than-expected GAAP losses of $0.08 per share, but sales of $52.9 million came in well below estimates of $63.42 million. Revenue increased by 22% on a year-over-year basis, with revenue for its Cloud Services business growing by 220%.

Synergy CHC Corp (SNYR)

+136.87%

Gapping up on no apparent news catalyst. The stock has a float of approximately 1.15 million shares.

Splash Beverage Group Inc (SBEV)

+72.46%

Gapping up on no apparent news catalyst. The stock, which has rallied in the past, has a float of approximately 1.29 million shares.