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

1030 - Dallas Fed manufacturing business index for April: Prior -0.2

Qualcomm Inc (QCOM)

+12.28%

Gapping up after supply chain analyst Ming-Chi Kuo reported that OpenAI is partnering with the company - as well as MediaTek and Luxshare - develop an AI-first smartphone aimed at mass production by 2028 The device would shift away from traditional app-based interfaces toward AI agent-driven workflows, combining on-device intelligence with cloud-based processing for more complex tasks.

Oil and Energy Stocks

+0.46%

On watch amid heightened geopolitical tensions from stalled Iran peace talks and new disruptions near the Strait of Hormuz. On Saturday, US President Donald Trump announced that US special envoy Steve Witkoff and Jared Kushner would no longer be travelling to Pakistan to discuss a peace deal with Iran over the weekend. Additionally, Axios reported that Iran may be offering a new proposal to reopen the Strait of Hormuz and potentially restart diplomatic engagement with the US.

USO, XOM, OXY, DVN, COP, CVX, TPET, EONR, BATL, RE

Apple Inc (AAPL)

-1.65%

Trading lower premarket following reports of an impending AI-powered phone from OpenAI. Separately, Bernstein weighed in on the company’s iPhone business. The analyst said that the business remained strong in March, with global sell-through revenue rising 13% year over year and unit sales increasing 10%. First-quarter iPhone revenue is estimated to have grown 15%, driven by robust demand for lower-priced models despite softer-than-expected average selling prices. Apple is scheduled to post quarterly earnings after the bell on Thursday, April 30.

NVIDIA Corp (NVDA)

+1.59%

Trading higher premarket after BofA reiterated its Buy rating and $300 price target on the stock, naming it a top sector pick. The analyst argued that Nvidia could increasingly shift toward shareholder returns as major ecosystem investments wind down, potentially expanding its investor base and driving valuation upside. BofA views the company as undervalued relative to peers and highlighted its strong free cash flow generation, discounted earnings multiple, and potential for a market re-rating.

Meta Platforms (META)

-0.06%

On watch after Bloomberg reported that China blocked the company’s planned $2 billion acquisition of Manus, an AI startup. The decision comes amid concerns from China over advanced AI technology transferring to the US. Meta also struck an agreement to power its data centers with up to 1 GW of space-based solar power from Overview Energy. Meta is scheduled to post Q1 2026 earnings after the bell on Wednesday, April 29; analysts are looking for the company to report earnings of $6.71 per share and revenue of $55.49 billion.

Verizon Communications Inc (VZ)

+3.95%

Trading sharply higher premarket after its Q1 2026 earnings report. Revenue of $34.4 billion missed estimates of $34.82 billion while representing 2.9% year-over-year growth, while adjusted earnings of $1.28 per share beat estimates of $1.21. Postpaid phone net additions came in at 55,000, with broadband net adds were reported at 341,000. The company guided adjusted EPS between $4.95 and $4.99 per share for FY 2026, above estimates of $4.91, and projected year-over-year revenue growth in the Mobility & Broadband Service sector between 2% and 3%.

Alphabet Inc (GOOGL)

+0.42%

The company has struck an agreement with South Korea for the establishment of an AI campus in Seoul. This project, which would represent Google’s first AI campus outside of the US, is aimed at strengthening collaboration between Google, local engineers, and startups. The initiative, formalized through a new memorandum of understanding, reflects South Korea’s push to expand its AI ecosystem with support from Google DeepMind. Alphabet is scheduled to post earnings after the bell on Wednesday, April 29.

Tesla Inc (TSLA)

-0.40%

On watch after the company filed to register nearly 304 million shares related to Elon Musk’s 2018 CEO compensation package. The filing follows the finalization of an implementation agreement on April 21. This registration is a procedural step and does not indicate that Musk has sold any shares.

Advanced Micro Devices Inc (AMD)

+1.57%

On watch after Northland downgraded the stock to Market Perform with a $260 price target. The analyst warned that rising competition from Intel, Nvidia’s supply chain dominance, and sustained high R&D spending could pressure AMD’s margins and make 2027 consensus estimates too optimistic. While Northland expects AMD to deliver solid near-term results, it believes long-term AI infrastructure demand may slow and limit upside versus investor expectations.

Oracle Corp (ORCL)

-1.46%

Related Digital, a data center developer, announced on Friday that it has secured $16 billion in financing for a massive Michigan data center campus being built for Oracle. This endeavor is also receiving backing from Blackstone, PIMCO, and other major investors. The project, part of Oracle and OpenAI’s broader US AI infrastructure expansion, is set to deliver over 1 gigawatt of capacity as construction moves forward.

Domino’s Pizza Inc (DPZ)

-3.98%

Trading sharply lower premarket after its Q1 2026 earnings report, with revenue of $1.15 billion and EPS of $4.13 missing estimates of $1.17 billion and $4.27, respectively. Net income fell by 6.6% year-over-year to $139.8 million, below estimates of $144.2 million. US same-store sales grew by 0.9% year-over-year, while global retail sales grew by 3.4%.

Snap Inc (SNAP)

+2.65%

Rothschild Redburn upgraded the stock to Buy from Neutral and doubled its price target to $10, citing improving revenue diversification, disciplined cost management, and expectations for core GAAP profitability by 2025 with stronger profitability in 2026. The firm sees subscription growth, margin expansion, and clearer separation of Specs-related costs as major catalysts that could significantly improve investor sentiment and valuation.

Onconetix Inc (ONCO)

+39.41%

Gapping up on no apparent news. The stock underwent a one-for-five reverse split on March 25, 2026. Onconetix has a market capitalization of $410,000 and a float of 580,000 shares, nearly 40% of which are sold short.