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

1000 - UMich consumer sentiment for April: Expected 50.5; Prior 50.8
1000 - UMich 5-yr inflation for April: Expected 4.4%; Prior 4.4%
1000 -  UMich 1-yr inflation for April: Expected 6.8%; Prior 6.7%

Alphabet Inc (GOOGL)

+4.80%

Trading sharply higher premarket following its Q1 2025 earnings report, with earnings of $2.81 per share and sales of $90.23 billion handily beating estimates of $2.01 and $88.78 billion, respectively. Subscription, Services, and Cloud revenue all grew on a year-over-year basis, and CEO Sundar Pichai noted that Google Search’s AI Overview feature now has over 1.5B monthly users. The company announced a $70 billion share buyback program. Additionally, Google’s Waymo announced it now provides over 250,000 paid robotaxi rides weekly across cities like Austin, San Francisco, Los Angeles, and Phoenix.

Intel Corp (INTC)

-6.84%

Gapping down following its Q1 2025 earnings report. Adjusted earnings of $0.13 per share beat estimates of $0.01, while sales of $12.67 billion exceeded expectations of $12.3 billion. The company guided GAAP losses of $0.32 per share for Q2, well below estimates of a $0.16-per-share loss. Intel’s Q2 sales guide of $11.2 billion to $12.4 billion also came in lower than the expected $12.84 billion. Rosenblatt lowered its price target on the stock to $14 following the report.

Big Tech and Semiconductors

-1.43%

Drifting lower as a group following President Donald Trump’s interview with TIME Magazine, during which he divulged details about trade discusses. Trump said that active tariff negotiations with China are ongoing after he was called by President Xi, boasting that “200 deals” are in the works across the globe. He views keeping tariffs high as a “total victory” aimed at reshoring U.S. manufacturing. Trump also noted that his plans are likely to benefit small businesses more than Big Tech.

MSFT, AMD, NVDA, TSLA, AMZN, AVGO, ARM

Apple Inc (AAPL)

-1.04%

The company plans to shift all U.S.-bound iPhone assembly to India as early as next year to avoid steep tariffs tied to Chinese production, according to the Financial Times. While India currently produces a small share of global iPhones, record exports and expanding operations by suppliers like Foxconn and Tata signal its growing role. However, the shift risks pressuring Apple’s margins and boosting Android competition.

Super Micro Computer Inc (SMCI)

+0.67%

Trading with significant premarket volume after Citigroup initiated coverage on the stock with a Neutral rating and $39 price target. The firm noted Super Micro’s strong 8% share in AI server revenue and key role in supporting GPU-as-a-service providers. However, Citigroup cautions that growing competition in the AI server space may pressure margins, balancing out the positive long-term outlook.

Chinese ADRs

-1.62%

Trading lower as a group amid continued tensions between the US and China on trade. Despite comments from China’s Ministry of Commerce denying any and all talks of trade negotiations with the US, President Donald Trump said that unidentified members of his team spoke with Chinese officials about the subject on Thursday morning. In a TIME Magazine interview, Trump further stated that President Xi of China had called him when asked by the interviewer.

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

Celestica Inc (CLS)

-4.49%

Trading sharply lower premarket after providing weaker-than-expected FY25 guidance during its Q1 earnings report. Celestica raised its adjusted EPS guide for the fiscal year from $4.75 to $5.00, well below estimates of $5.76, and increased its sales guidance from $10.7 billion to $10.85 billion, compared to estimates of $12.54 billion. The company reported adjusted earnings of $1.20 per share and sales of $2.65 billion for Q1, both of which exceeded estimates.

Skechers USA Inc (SKX)

-6.68%

Gapping down following its Q1 2025 earnings report. Earnings of $1.34 per share beat estimates of $1.17, but sales of $2.41 billion missed estimates of $2.43 billion. Gross margin dropped by 50 basis points to 52%, attributed to a decrease in selling prices, though sales in all of its revenue categories increased year-over-year.

AbbVie Inc (ABBV)

+2.74%

Trading higher premarket following its Q1 2025 earnings report. The company reported adjusted earnings of $2.46 per share and sales of $13.34 billion, exceeding expectations of $2.38 and $12.92 billion, respectively.

T-Mobile US Inc (TMUS)

-5.73%

Gapping down after its Q1 2025 earnings report. Earnings of $2.58 per share and sales of $20.89 billion beat estimates of $2.44 and $20.62 billion, respectively. CEO Mike Sievert noted that the quarter was the company’s best ever in terms of postpaid customer gross and net additions. Additionally, T-Mobile announced it will offer its Starlink-powered satellite service, T-Satellite, for just $10 per month starting in July.

Odyssey Marine Exploration Inc (OMEX)

+32.61%

Gapping up following a strong session on Thursday. The move higher was driven by a Reuters report suggesting that President Trump was set to sign executive orders to advance the deep sea mining industry that evening; the reports ended up being correct. Approximately 7.12% of the stock’s 23.33 million-share float is sold short.