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

0900 - Fed’s Jefferson speaks
1000 - Richmond Fed composite index for April: Expected -7; Prior -4
1340 - Fed’s Kashkari speaks
1430 - Fed’s Barkin speaks
1800 - Fed’s Kugler speaks

Tesla Inc (TSLA)

+0.59%

On watch ahead of its Q1 2025 earnings report, expected to be released at 4:10 PM ET on Tuesday, April 22. According to consensus estimates, analysts expect the company to post earnings of $0.35 per share and revenue of $21.85 billion. Commentary from journalist Charles Gasparino suggests that CEO Elon Musk is expected to comment on the duration of his government role during the Tesla earnings call.

Crypto Stocks

+2.54%

Trading higher as a group in tandem with sustained strength in Bitcoin. The cryptocurrency held support around $86,400 on Monday despite a market-wide decline, making a new high of day above $88.800 on Monday evening. Bitcoin is consolidating with higher lows near the $88,600 level as of Tuesday morning at 7:15 AM ET.

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

Apple Inc (AAPL)

+0.80%

China-based Wall Street News reported that the company is facing significant stock shortages for its upcoming iPhone 17 series due to a global scarcity of low CTE fiberglass cloth, a key material used in essential smartphone components. CEO Tim Cook is reportedly pressing suppliers daily to resolve the issue, as the shortage—alongside potential tariff challenges—threatens the timely launch and pricing strategy of the new lineup.

Chinese ADRs

+2.01%

Trading higher premarket as a group. According to a report from Reuters, patriotic Chinese retail investors are pouring money into domestic stocks amid trade tensions between China and the US. Driven more by national pride than profit, this movement has reportedly fueled billions in retail inflows, with investors viewing the stock market as a symbolic front in an economic conflict.

BABA, BILI, BIDU, JD, PDD, CHA, LI, NIO, XPEV, ZK, FXI, KWEB

Walmart and Amazon.com

+0.77%

On watch as a pair after the Financial Times reported that the Trump administration plans to urge India to grant both companies unrestricted access to its $125 billion e-commerce market. The plan is reportedly part of trade negotiations between the two countries While both U.S. companies operate in India through local subsidiaries, they face regulatory constraints not imposed on domestic rivals like Reliance. Additionally, a Wells Fargo analyst note suggested that Amazon is delaying some of its deals in the data center leasing space, suggesting a slowdown in data center spending.

WMT, AMZN

Novo Nordisk A/S (NVO)

+1.87%

The company has submitted a request to the FDA for approval of a pill version of its weight loss drug semaglutide, which previously showed significant weight reduction in a Phase 3 trial. The move reignites competition with Eli Lilly, whose own oral GLP-1 drug, orforglipron, recently succeeded in a diabetes trial and may soon be submitted for obesity approval. This news was initially released on Monday afternoon and led to a temporary rally for the stock.

Uber Technologies Inc (UBER)

+0.92%

The stock dropped on Monday after the FTC filed a lawsuit accusing the company of deceptive practices related to its Uber One subscription service. The suit accuses the company of unauthorized charges, misleading savings claims, and making cancellations excessively difficult. An Uber spokesperson said that the company’s processes are lawful and user-friendly, expressing confidence in a favorable court outcome.

Verizon Communications Inc (VZ)

-3.59%

Trading sharply lower premarket following its Q1 2025 earnings report. Adjusted earnings of $1.19 per share exceeded estimates of $1.15, while operating revenue of $33.485 billion beat estimates of $33.239 billion and grew by 1.5% year-over-year. The company guided 2% to 2.8% wireless service revenue growth in fiscal 2025, adjusted EPS growth between 0% and 3%, and EBITDA growth of 2% to 3.5%; Verizon noted that its guidance did not reflect the possible impact of tariffs.

3M Co (MMM)

+3.10%

Trading higher premarket following its Q1 2025 earnings report, with adjusted earnings of $1.88 per share and sales of $5.95 billion exceeding expectations of $1.77 and $5.76 billion, respectively. The company guided adjusted earnings of $7.60-$7.90 per share, the midpoint of which is in-line with estimates of $7.75. 3M’s EPS guidance also included “tariff sensitivity” of -$0.20 to -$0.40 per share.

GE Aerospace (GE)

+2.83%

Trading higher premarket following its Q1 2025 earnings report. Adjusted earnings of $1.46 per share beat estimates of $1.26, while sale of $9 billion were in-line with estimates. The company guided earnings between $5.10 and $5.45 per share for fiscal 2025, largely missing the estimated $5.42, and projected revenue growth in the low double digits for the same quarter. GE noted that its guidance includes accounts for impacts from tariffs and delayed engine deliveries.

Gelteq Ltd (GELS)

+401.11%

Gapping up on no apparent news catalyst. The stock, which has rallied in the past, has a float of 4.05 million shares.