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

0830 - Philly Fed manufacturing index for April: Expected 10; Prior 18.1
0830 - Initial jobless claims: Expected 212.5k; Prior 219k
0835 - Fed’s Williams speaks
1035 - Fed’s Miran speaks

Taiwan Semiconductor Manufacturing Co Ltd (TSM)

-2.91%

Trading lower premarket following its Q1 2026 earnings report. Revenue of $35.9 billion beat estimates of $35.5 billion and represented 40.6% year-over-year growth, with net profit expanding by 58.3% to a better-than-expected $18.1 billion. Gross margin came in at 66.2%, better than the expected 64.5%. The company guided Q2 2026 revenue between $39 billion and $40.2 billion, beating estimates of $38.1 billion, and projected gross margin at 65.5%-67.5% for the quarter.

Tesla Inc (TSLA)

+0.81%

The stock closed nearly 8% higher on Wednesday after CEO Elon Musk shared a photo of the company’s taped-out AI5 chip on social media, adding that two more chips are in the works. Separately, Bloomberg News reported that representatives of Musk have contacted chip equipment suppliers including Applied Materials, Lam Research, and Tokyo Electron for the Terafab AI chip complex tied to Tesla Inc. and SpaceX. The team is seeking rapid price estimates with limited technical details as Musk pushes to execute the project at “light speed,” according to the report. Frequent collaborator Samsung has also reportedly been contacted in relation to Terafab.

Hims & Hers Health Inc (HIMS)

+8.81%

Gapping up after Health and Human Services secretary Robert F. Kennedy Jr. said the FDA will reevaluate several currently restricted wellness peptides. While the move is procedural for now, it could unlock new peptide revenue streams and allow the company to reallocate capacity tied to GLP-1 offerings.

Apple Inc (AAPL)

+0.40%

The Information reported that the company is sending fewer than 200 Siri employees to a multi-week AI coding bootcamp as it prepares for a major Siri revamp expected in June. After the restructuring, roughly 60 staff will focus on core Siri development and another 60 on evaluation. The reported reorganization will result in a tighter, more specialized team structure.

Nuclear Stocks

+7.44%

Trading sharply higher as a group as traders continue to react to the recent launch of the White House Office of Science and Technology Policy’s new initiative to advance space nuclear power and propulsion. This project will feature coordination across NASA, the Department of Defense, and the Department of Energy to support Moon-to-Mars goals and national security. The plan follows a 2025 executive order targeting deployment of nuclear reactors on the Moon and in orbit, including a lunar surface reactor by 2030.

SMR, OKLO, NNE

PayPal Holdings Inc (PYPL)

-1.45%

Trading lower premarket after Mizuho downgraded the stock to Neutral from Outperform with a price target of $50, citing rising competitive pressures. The analyst warned that PayPal and Venmo face substitution risk from X’s expansion into P2P payments and digital wallets, with longer-term threats to branded checkout if social commerce scales.

CoreWeave (CRWV)

+0.17%

On watch after announcing plans to raise $1B through a private offering of 9.750% senior notes due 2031, adding to the $1.75B of similar notes issued earlier this month. The proceeds will be used for general corporate purposes, including debt repayment.

Allbirds Inc (BIRD)

-23.01%

Pulling back sharply after closing 582% higher on Wednesday, driven by the company’s plan to pivot from footwear to artificial intelligence. Allbirds announced that it will rebrand as “NewBird AI” and shift into AI compute infrastructure. The move includes plans to raise up to $50 million for AI hardware leasing.

Alphabet Inc (GOOGL)

-0.20%

The European Commission has proposed requiring the company to share search data with competitors, including data linked to AI chatbot search features, as part of its Digital Markets Act case against Google. Feedback is due by May 1, with a final binding decision expected by July 27.

PepsiCo Inc (PEP)

+1.23%

Trading higher premarket after its Q1 2026 earnings report, with revenue of $19.44 billion and adjusted EPS of $1.61 beating estimates of $18.94 billion and $1.55, respectively. Organic revenue grew by 2.6% year-over-year, better than estimates of 2.4% growth, and core operating margin grew by 10 basis points year-over-year to 15.7%. PepsiCo projected organic revenue growth of 2% to 4% for FY 2026.

Abbott Laboratories (ABT)

-4.16%

Trading sharply lower premarket following its Q1 2026 earnings report. Adjusted earnings of $1.15 per share were in-line with analyst estimates, while net sales of $11.16 billion exceeded estimates of $11.01 billion. The company guided adjusted EPS between $1.25 and $1.31 for Q2 2026, compared to estimates of $1.31. Abbot projected FY 2026 organic sales growth between 6.5% and 7.5%, compared to estimates of 6.87%.

Aehr Test Systems (AEHR)

+19.02%

Gapping up after receiving a record $41 million production order from a leading hyperscale customer for burn-in testing of custom AI processor ASICs used in data center workloads. The company also said second-half fiscal bookings have risen above $92 million, exceeding its previous $60–$80 million outlook.

Oil and Energy Stocks

+0.95%

On watch as a group as traders continue to assess the outcomes of Middle East negotiations and the state of the energy market. In a Thursday morning interview with the Associated Press, International Energy Agency chief Fatih Birol warned Europe may have only six weeks of jet fuel left due to disruptions tied to the Strait of Hormuz blockade. He cautioned it could become the largest energy crisis ever, driving higher fuel, gas, and electricity prices globally while weighing on economic growth and inflation. Separately, US President Donald Trump indicated that Israel and Lebanon will hold talks starting on Thursday.

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

Okta Inc (OKTA)

+4.60%

Gapping up after Raymond James upgraded the stock to Outperform with an $85 price target, citing easing renewal headwinds and improving growth visibility that could push revenue above 10% by FY27. The firm also sees AI-driven demand for identity security (including for autonomous agents) expanding Okta’s market and creating a favorable risk/reward setup with significant upside potential.