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

0830 - Initial jobless claims: Expected 222k; Prior 215k
0830 - Durable goods for March: Expected 2%; Prior 1%
0830 - Core durable goods for March: Expected 0.3%; Prior 0.7%
1000 - Existing home sales for March: Expected 4.13M; Prior 4.26M
1000 - Existing home sales m/m for March: Expected -3.05%; Prior 4.2%
1700 - Fed’s Kashkari speaks

Alphabet Inc (GOOGL)

-0.08%

On watch ahead of its earnings report, expected to be released at 4:00 PM ET on Thursday, April 24. Analysts are expected the company to post earnings of $2.02 per share and revenue of $75.53 billion for Q1 2025, according to consensus estimates.

Tesla Inc (TSLA)

-0.67%

President Donald Trump is reportedly considering exemptions for automakers from certain tariffs, including those on Chinese auto parts, steel, and aluminum. This story was initially reported by Financial Times on Wednesday evening and was later confirmed by a White House spokesperson. Trump himself commented on Wednesday evening that existing 25% tariffs on Canadian car imports might increase, emphasizing a push for domestic auto production.

International Business Machine Corp (IBM)

-6.79%

Gapping down after its Q1 2025 earnings report. The company reported adjusted earnings of $1.60 per share and sales of $14.54 billion, beating estimates of $1.40 and $14.4 billion, respectively. For Q2, IBM guided revenue between $16.4 billion and $16.75 billion, above estimates of $16.33 billion. IBM also maintained its previously-issued FY25 revenue guidance of at least 5% growth.

Texas Instruments Inc (TXN)

+8.29%

Gapping up after its Q1 2025 earnings report, with earnings of $1.28 per share and sales of $4.07 billion beating estimates of $1.07 and $3.91 billion, respectively. The company guided Q2 earnings between $1.21 and $1.47 per share, compared to estimates of $1.23, and projected revenue between $4.17 billion and $4.53 billion, beating the expected $4.13 billion. Texas Instruments noted that it does not expect to be impacted by ongoing macroeconomic uncertainty in the near term, though it will be cautious.

Chinese ADRs

-0.94%

Trading lower as a group after a spokesperson for China’s Ministry of Commerce stated that there are no ongoing trade or tariff negotiations with the U.S., contradicting recent signals from the White House suggesting a potential easing of tensions. The spokesperson dismissed all reports of progress and said any resolution would require the U.S. to lift all unilateral measures against China. Additionally, ABC News reported that the Trump administration is considering potential exceptions for certain Chinese auto parts to reduce overlap between auto tariffs and those targeting steel, aluminum, and fentanyl-related goods.

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

American Airlines Group (AAL)

-1.07%

Trading lower premarket following its Q1 2025 earnings report. The company reported adjusted losses of $0.59 per share, better than the expected loss of $0.65, but sales of $12.55 billion missed estimates of $12.6 billion. American Airlines guided Q2 earnings between $0.50 and $1.00 per share, compared to estimates of $0.99, and withdrew its guidance for FY 2025.

Chipotle Mexican Grill Inc (CMG)

-3.61%

Trading sharply lower premarket following its Q1 2025 earnings report. Adjusted earnings of $0.29 per share beat estimates of $0.28, but sales of $2.9 billion missed the expected $2.95 billion despite growing by 6.4% year-over-year. The company guided comparable restaurant sales growth in the low-single digits for fiscal 2025.

Intel Corp and Mobileye Global Inc

+4.55%

Intel is trading higher premarket ahead of its earnings report, expected to be released at 4:00 PM ET on April 24. The company is expected to post earnings of $0.00 per share and revenue of $12.32 billion, as per consensus estimates. Mobileye, in which Intel has a majority stake, reported earnings on Thursday morning. The company reported in-line earnings per share and stronger-than-expected sales for Q1 2025.

INTC, MBLY

Comcast Corp (CMCSA)

-3.68%

Trading sharply lower with volume premarket following its Q1 2025 earnings report. The company reported adjusted earnings of $1.09 per share and sales of $29.89 billion, beating estimates of $0.98 and $29.76 billion, respectively. CEO Brian L. Roberts highlighted the upcoming grand opening of the Epic Universe theme park in Florida and noted that the company is looking to open a “new world-class theme park” in the United Kingdom.

BriaCell Therapeutics Corp (BCTX)

+98.53%

Gapping up after reporting a sustained complete resolution of lung metastasis two months post-treatment in its ongoing Phase 1/2 Bria-OTS study. The stock has a float of 3.2 million shares, approximately 5.5% of which are sold short.

American Rebel Holdings Inc (AREB)

+15.96%

Continuing to trade higher premarket after a strong performance on Wednesday. On Tuesday afternoon, the company announced a distribution agreement with Adams Beverages that would allow the company to strategically expand into North Caroline. The stock has a float of approximately 927,260 shares, roughly 13.3% of which are sold short.