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

1000 - Leading index change m/m for March: Expected -0.5%; Prior -0.3%

Netflix Inc (NFLX)

+2.45%

Trading higher premarket following its Q1 2025 earnings report, with GAAP earnings of $6.61 per share and sales of $10.543 billion beating estimates of $5.74 and $10.518 billion, respectively. Revenue figures rose for each of the company’s four regions, with revenue in the APAC region expanding by 23% year-over-year. The company guided adjusted earnings of $7.03 per share for Q2, above estimates of $6.27, with its revenue guide of $11.035 billion for the same period exceeding expectations of $10.903 billion.

Tesla Inc (TSLA)

-3.96%

Gapping down after Reuters reported that the company has delayed the U.S. launch of its affordable Model Y SUV, initially planned for early 2025. Production is now expected to begin between Q3 this year and early next year. The company aims to manufacture 250,000 units of this lower-cost version by 2026, though the reasons for the delay remain unclear. Tesla is scheduled to report earnings after the closing bell on April 22, 2025.

NVIDIA Corp (NVDA)

-3.23%

Reuters reported that Huawei plans to begin mass shipments of its advanced 910C AI chip to Chinese customers as early as next month, offering a crucial domestic alternative to Nvidia’s restricted H20 chip amid tightening U.S. export controls. The 910C, which combines two 910B processors for enhanced performance, is seen as a key step in China's effort to reduce reliance on U.S. technology in the AI sector.

Crypto Stocks

+2.04%

Trading higher as a group in tandem with Bitcoin, which has broken out of a consolidative range. The cryptocurrency made morning highs just below the $88,000 level and is trading around $86,800 as of 7:30 AM ET on Monday. Ethereum is also poised for a green session, trading above the $1,600 level as of Monday morning.

COIN, MSTR, MARA, RIOT, IBIT, ETHE, HUT, CLSK, IREN, CAN, HIVE

Amazon.com Inc (AMZN)

-1.88%

Trading lower premarket after Raymond James downgraded the stock from Strong Buy to Outperform, lowering its price target from $275 to $195. Raymond James attributed the downgrade to rising earnings risks in 2025–2026 due to an uneven macro environment, tariffs, and increasing investment intensity. While still positive on Amazon’s long-term AI prospects, the firm prefers Meta, Uber, and MercadoLibre for better near-term return visibility and sees Amazon facing near-term headwinds from supply chain diversification and monetization challenges.

Alphabet Inc (GOOGL)

-1.46%

On watch ahead of its Q1 2025 earnings report, scheduled to be released after the closing bell on April 24, 2025. Analysts are expected the company to post earnings of $2.01 per share and revenue of $75.53 billion for the quarter, according to consensus estimates. On Thursday morning, a US district judge ruled that Google operated an ad tech monopoly but dismissed DOJ allegations suggesting that the company had monopolized advertising networks.

Chagee Holdings Ltd (CHA)

+4.38%

Trading higher premarket following its debut on the Nasdaq via initial public offering on Thursday. The company raised $411 million through the offering of 14.7 million shares, valuing Chagee at approximately $5 billion. The stock opened at $33.75, above its IPO price of $28, and reached as high as $41.80 before closing at $32.44.

Gold Companies

+3.24%

Trading higher as a group in sympathy with gold, which is continuing to trade near all-time highs and has surpassed $3,400 for the first time. Recent interest in gold has been attributed in part to recession fears stemming from aggressive trade policies and tariff uncertainty in the US. Weakness in the US dolalr, which is trading near its lowest level since April 2022, is also supporting the safe-haven demand for gold.

GOLD, NEM, HMY

Hertz Global Holdings (HTZ)

-12.01%

Gapping down after gaining more than 100% during the previous week of trading, driven by the reveal that Bill Ackman’s Pershing Square Holdings has taken a 19.8% stake in the company through shares and swaps. Hertz CEO Gil West expressed optimism after Ackman’s stake was revealed, calling the investment a strong endorsement of the company's turnaround strategy. Roughly 39% of the stock’s float is sold short.

SHF Holdings (Safe Harbor) Inc (SHFS)

+91.93%

Gapping up after announcing a strategic partnership with FundCanna on Thursday morning. The partnership will allow the companies to provide compliant banking and flexible funding solutions to cannabis-related businesses across the U.S. SHF Holdings has a float of 23.34 million shares.

Aptevo Therapeutics Inc (APVO)

+40.39%

Gapping up on no apparent news catalyst. The stock, which has rallied in the past, has a float of 1.28 million shares, 12% of which are sold short.