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

0830 - Initial jobless claims: Expected 225k; Prior 223k
0830 - Housing starts for March: Expected 1.42M; Prior 1.501M
0830 - Building permits (prelim) for March: Expected 1.45M; Prior 1.459M
0830 - Philly Fed business index for April: Expected 2; Prior 12.5
1145 - Fed’s Barr speaks

UnitedHealth Group Inc (UNH)

-20.01%

Gapping down after its Q1 2025 earnings report, with adjusted earnings of $7.20 per share and sales of $109.58 billion missing estimates of $7.29 and $111.6 billion, respectively. The company lowered its fiscal 2025 EPS guidance from $29.50-$30 per share to $26-$26.50 per share, missing analyst estimates of $29.73.

NVIDIA Corp (NVDA)

-0.20%

CEO Jensen Huang has arrived in Beijing to meet with Chinese officials and tech leaders amid new U.S. restrictions on AI chip sales, as reported by Financial Times citing state media. Huang’s visit follows the U.S. ban on H20 chip exports, which Nvidia says could lead to $5.5 billion charge in fiscal Q1 2026. Stifel maintained its $180 price target and Buy rating on the stock.

Eli Lilly and Co (LLY)

+11.56%

Gapping up after announcing positive topline Phase 3 results from its ACHIEVE-1 trial. The results showed that orforglipron, the first small molecule GLP-1 to reach this stage, significantly lowered A1C levels and reduced body weight in adults with type 2 diabetes. The once-daily oral pill demonstrated a safety and tolerability profile consistent with injectable GLP-1 therapies.

Microsoft Corp (MSFT)

+0.33%

On watch after KeyBanc Capital Markets downgraded the stock to Sector Weight from Overweight, citing concerns over the timing of AI demand monetization, rising capital expenditures, and softening cloud and IT spending expectations. The firm emphasized a decline in Microsoft’s strategic importance and a drop in beat-and-raise performance, further warning that cautious guidance may follow as deal signings slow. Despite the cautious outlook, KeyBanc noted that the company may see resilient first-quarter bookings.

Taiwan Semiconductor Manufacturing Co Ltd (TSM)

+3.02%

Trading higher premarket after its Q1 report, with earnings of $2.12 per share and sales of $25.53 billion exceeding estimates of $1.82 and $23.92 billion, respectively. The company guided Q2 revenue between $28.4 billion and $29.2 billion despite ongoing concerns about US tariffs; this outlook outpaced analyst estimates of $26.79 billion.

Meta Platforms Inc (META)

+0.52%

On watch after closing more than 3% lower on Wednesday, its third straight red session. The company’s FTC antitrust trial continued on Wednesday with testimony from former COO Sheryl Sandberg, who spoke about the company’s past efforts to block ads from rival platforms like Google Plus. The trial has also highlighted Meta’s acquisition strategies, including confidential discussions about its Instagram purchase and a $6 billion bid for Snap.

Hertz Global Holdings Inc (HTZ)

+11.56%

Gapping up after rallying in the final minutes of Wednesday’s session. Filings with the SEC as of Wednesday morning revealed that Bill Ackman’s Pershing Square Holdings had a 12.7 million-share stake in Hertz, through which it would own roughly 4.1% of the company. Scott Wapner of CNBC reported on Wednesday afternoon that Pershing Square actually owns 19.8% of Hertz through a combination of shares and swaps, making it the company’s second-largest shareholder. The stock has a 39% short float.

Alibaba Group Holding Ltd (BABA)

+4.02%

Trading sharply higher premarket following a strong overnight session for Chinese stocks, with the tech-heavy Hang Seng index closing 1.61% higher. This rally was attributed in part to comments from the country’s premier on real estate potential. Separately, analysts from Goldman Sachs issued a note warning of potential US outflows of $800 billion for Chinese stocks as market participants assess ongoing trade tensions between the countries.

American Express Co (AXP)

-1.35%

Trading lower premarket following its earnings report, with the company’s earnings guidance of $15 to $15.50 per share for fiscal 2025 sharply missing estimates of $17.51. American Express reported GAAP earnings of $3.64 per share for Q1, beating estimates of $3.47; quarterly sales of $16.97 billion similarly beat estimates of $16.94 billion.

Netflix Inc (NFLX)

+1.08%

Piper Sandler initiated coverage on the stock with an Overweight rating and a $1,100 price target ahead of its Q1 earnings report, to be released after the bell on Thursday, April 17. The analyst attributed the upgrade to the company’s strong entertainment value, resilient subscription model, and growing ad-supported tier. Netflix is expected to reported adjusted earnings of $5.69 per share and revenue of $10.54 billion, according to analyst estimates.

Treasure Global Ltd (TGL)

+16.80%

Continuing to trade higher premarket after announcing an exclusive partnership with Mezzofy on Wednesday, leading the stock to close 83% higher. Treasure Global has a float of 745,660 shares, approximately 8.72% of which are sold short.