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

0830 - Export prices m/m for March: Expected 1.5%; Prior 1.5%
0830 - Import prices m/m for March: Expected 2.3%; Prior 1.3%
0830 - NY Empire State manufacturing for March: Expected 0; Prior -0.2
0830 - Fed’s Barr speaks
1345 - Fed’s Bowman speaks

Broadcom Inc (AVGO)

+2.77%

Trading higher premarket after Meta announced that it is expanding its partnership with the company to develop multiple generations of custom AI chips, aiming to scale computing capacity for AI features across its platforms through 2029. The deal includes an initial commitment exceeding one gigawatt of capacity. Broadcom CEO Hock Tan will step down from Meta’s board to serve as an advisor on its custom chip strategy.

Robinhood Markets and Webull Corp

+5.89%

Both stocks are trading higher after the US Securities and Exchange Commission approved Financial Industry Regulatory Authority’s plan to replace the Pattern Day Trader rule. This change, announced on Tuesday, eliminates the $25,000 minimum equity requirement in favor of intraday margin standards. Under the new framework, brokers will monitor intraday margin deficits instead. The rule will take effect 45 days after notice, with a transition period of up to 18 months.

HOOD, BULL

Bank of America and Morgan Stanley

+1.09%

Both banks are trading marginally higher following their Q1 2026 earnings reports. Bank of America posted revenue of $30.43 billion and earnings of $1.11 per share, beating estimates of $29.93 billion and $1.01, respectively. Equity trading revenue grew by 30% year-over-year to a higher-than-expected $2.83 billion, while FICC trading revenue missed estimates despite growing by 1%. Morgan Stanley posted earnings of $3.43 per share and revenue of $20.58 billion, beating estimates of $3 and $19.72 billion, respectively.

BAC, MS

Oil and Energy Stocks

+1.14%

Trading higher premarket as traders continue to assess a flurry of headlines related to the Middle East and the US Navy’s blockade of the Strait of Hormuz. The Washington post reported that the US is deploying thousands of additional troops, including sailors and Marines, to the Middle East as it intensifies pressure on Iran and supports a maritime blockade targeting Iranian shipping. During an interview released on Tuesday evening, President Donald Trump said that the conflict with Iran is “very close to over”.

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

Snap Inc (SNAP)

+10.89%

Gapping up after announcing plans to lay off about 1,000 employees, or 16% of its workforce. The update comes after the company faced pressure from Irenic Capital Management to streamline operations and improve performance. Snapchat will also eliminate over 300 open roles and expects the restructuring to cut annual expenses by more than $500 million by the second half of the year.

ASML Holding NV (ASML)

-1.35%

Trading lower premarket following its Q1 2026 earnings report. Net sales of 8.77 billion euros beat estimates of 8.55 billion euros, with earnings of 7.15 euros per share beat estimates of 6.64 euros per share. The company’s gross margin was reported at 53%, above estimates of 52%. ASML guided Q2 2026 net sales between 8.4 billion and 9 billion euros, missing estimates of 9.04 billion euros. Its quarterly gross margin outlook of 51% to 52% similarly fell short of the 52.5% estimate.

Tesla Inc (TSLA)

+0.55%

The company announced that it has completed the design “tapeout” of its next-generation AI5 chip, a major milestone in developing custom silicon for autonomous driving and robotics. CEO Elon Musk said the AI5 chip delivers roughly five times the useful compute of the current AI4 system,. Production is expected to ramp up around mid-2027 as part of Tesla’s broader AI chip roadmap.

Nike Inc (NKE)

+2.70%

Trading sharply higher after CEO Elliott Hill and director Tim Cook each disclosed purchases of the company’s shares. Hill purchased 23,660 shares of Nike in the open market on Monday, April 13 at a price of $42.27 per share. The transaction, valued at roughly $1 million, brings Hill’s total Nike holdings to 265,247 shares. Cook, who is also the CEO of Apple, purchased 25,000 Nike shares on Friday, April 10; he now holds 130,480 shares of Nike.

GitLab Inc (GTLB)

+5.78%

Gapping up after expanding its partnership with Alphabet’s cloud unit, enabling enterprise users to access Vertex AI models, including Gemini, within its Duo Agent Platform. The integration brings agentic DevSecOps capabilities to Google Cloud, combining AI-powered development with GitLab’s built-in compliance and audit controls.

NVIDIA Corp (NVDA)

-0.26%

Senator Elizabeth Warren is questioning agencies about the company’s acquisition of SchedMD, seeking details on how dependent the Departments of Energy and Defense are on Nvidia’s technology. She also asked whether either agency has evaluated potential national security risks tied to the deal, particularly given SchedMD’s role in powering critical computing systems.

Alphabet Inc (GOOGL)

-0.21%

The company is facing a new US antitrust lawsuit alleging it monopolizes Android app distribution and billing, blocking rival app stores from competing. Aptoide claims Google’s practices suppress competition and pricing pressure, and is seeking an injunction along with triple damages in federal court.

Microsoft Corp (MSFT)

+0.78%

KeyBanc Capital Markets reiterated an Overweight rating on the stock with a $600 price target, citing strong execution and survey data showing the company meets or exceeds expectations about 90% of the time. The firm highlighted rising cloud demand, especially for Azure, with 85% of customers planning increased spending. Keybanc also emphasized that the growing adoption of Copilot and AI workloads could be a key driver of continued growth.

Quantum Stocks

+4.45%

Continuing to trade sharply higher as a group following the release of NVIDIA Ising, the company’s first open-source quantum AI model family, on Tuesday morning. The model is designed to accelerate quantum computing by improving error correction and processor calibration.

QUBT, QBTS, IONQ, RGTI

Allied Gaming & Entertainment Inc (AGAE)

+111.01%

Gapping up after settling a legal dispute with Knighted Pastures LLC, removing litigation overhang and resolving prior court-related attorneys’ fees. The company said the settlement allows it to pivot toward building a next-generation digital platform integrating real-world assets, digital assets, and AI-driven applications. The stock has a $12.37 million market capitalization and a float of 12.01 million shares, 7% of which are sold short.