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

0815 - ADP weekly employment change: Prior 54.75k
0900 - S&P/Case-Shiller home price y/y for February: Expected 1.1%; Prior 1.2%
1000 - CB consumer confidence for April: Expected 89; Prior 91.8

OpenAI Partners

-2.43%

Trading lower as a group after the Wall Street Journal reported that OpenAI missed internal revenue and user growth targets. Oracle’s stock has been hit particularly hard amid renewed investor concerns about the company’s ability to monetize its massive AI infrastructure investments. Oracle has heavily leveraged its balance sheet to fund data center expansion tied to a $300 billion OpenAI deal.

ORCL, NVDA, AMD, CRWV, MSFT

Spotify Technology SA (SPOT)

-11.21%

Gapping down after its Q1 2026 earnings report. Revenue grew by 8% year-over-year to 4.53 billion euros, above estimates of 4.52 billion euros, with earnings of 3.45 euros per share outpacing estimates of 2.95 euros per share. Monthly active users (MAUs) reached 761 million, beating estimates of 759.23 million and representing 12% year-over-year growth. The company’s MAU and revenue outlook for Q2 2026 beat estimates, but its subscriber net addition projection of roughly six million users fell short of the expected seven million. Spotify’s operating income guide for the quarter also missed estimates.

Alphabet Inc (GOOGL)

-0.02%

The Information reported that the company secured a major US defense contract allowing the Pentagon to use its AI models for classified operations and other lawful government purposes, significantly expanding Google’s role in sensitive national security applications. The deal strengthens Google’s position in government AI while deepening ties between Big Tech and the Department of Defense.

Oil and Energy Stocks

+2.13%

Trading higher in tandem with an increase in the price of oil. Brent crude futures traded as high as $111 per barrel early on Tuesday morning, while WTI traded near the $98.50 level. White House press secretary Karoline Leavitt confirmed on Monday afternoon that President Trump discussed a conditional proposal from Iran, under which Iran would reopen the Strait of Hormuz and the US would end its blockade, with his national security team.

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

Tesla Inc (TSLA)

-1.30%

On watch after the National Highway Traffic Safety Administration (NHTSA) closed its investigation into over 120,000 Tesla Model Y vehicles. The agency determined that a steering wheel detachment issue was limited to two isolated cases caused by missing retaining bolts during post-production repairs. While no broader safety defect was identified, regulators noted they could reopen the case if new evidence emerges.

Corning Inc (GLW)

-4.62%

Trading sharply lower premarket following its Q1 2026 earnings report. Revenue of $4.35 billion beat estimates of $4.29 billion, and adjusted earnings of $0.70 per share narrowly outpaced estimates of $0.69. Core gross margin was reported at 39.1%, marking a 120-basis point year-over-year improvement. The company guided adjusted EPS between $0.73 and $0.77 for Q2 2026, compared to estimates of $0.76, and projected core sales of roughly $4.6 billion for the quarter.

General Motors Co (GM)

+4.67%

Trading sharply higher premarket after its Q1 2026 earnings report. Revenue of $43.6 billion beat estimates of $43.38 billion despite declining by 0.9% year-over-year, while adjusted EPS of $3.70 topped estimates of $2.61 and represented 33% growth. The company reported year-over-year improvements to its adjusted EBITDA, adjusted EBITDA margin, and adjusted automotive free cash flow. For FY 2026, GM projected adjusted EPS between $11.50 and $13.50, above its prior outlook of $11 to $13 and in-line with estimates of $12.24.

Palantir Technologies Inc (PLTR)

-1.29%

On watch after Germany’s military said it currently has no plans to award contracts to Palantir, citing concerns over granting external industry personnel access to sensitive national defense databases. The decision represents a possible setback for Palantir’s expansion in European defense markets despite interest in its data analytics capabilities.

United Parcel Service Inc (UPS)

-2.98%

Trading lower premarket following its Q2 2026 earnings report. The company posted revenue of $21.2 billion and adjusted EPS of $1.07, beating estimates of $20.99 billion and $1.03, respectively. Revenue in the Domestic and Supply Chain Solutions businesses declined year-over-year, though International revenue grew by 3.8% year-over-year. UPS projected approximately $89.7 billion in revenue and roughly $3 billion in capital expenditures for FY 2026, meeting analysts’ estimates for both metrics.

Coca-Cola Co (KO)

+2.53%

Trading higher premarket after its Q1 2026 earnings report, with revenue of $12.5 billion and adjusted earnings of $0.86 per share beating estimates of $12.14 billion and $0.81, respectively. Coca-Cola reported year-over-year growth in both revenue and unit case volume across all of its business segments. Comparable operating margin came in at 34.5%, slightly below estimates of 34.6%. The company projected organic revenue growth of 4% to 5% for FY 2026, compared to estimates of 4.68% growth.

Celestica Inc (CLS)

-14.26%

The company’s Q1 2026 revenue grew by 53% year-over-year to $4.05 billion, outpacing estimates of $4.03 billion; adjusted EPS of $2.16 similarly beat estimates of $2.06. Adjusted operating margin came in at 8%, reaching a milestone for the company. Celestica projected revenue between $4.15 billion and $4.45 billion for Q2 2026, compared to estimates of $4.17. The company’s adjusted EPS outlook for the quarter also outpaced estimates, and its adjusted operating margin guidance was raised from 7.8% to 8.1%.

Dynatrace Inc (DT)

+4.04%

Trading sharply higher premarket after the Wall Street Journal reported that Starboard Value has built a significant stake in the company. The activist investor is reportedly pushing for strategic changes, arguing the AI software company is undervalued relative to peers.

Centene Corp (CNC)

+3.20%

The company posted revenue of $49.94 billion and earnings of $3.37 per share for Q1 2026, beating estimates of $47.58 billion and $2.13, respectively. Centene projected adjusted diluted earnings of greater than $3.40 per share for FY 2026, compared to estimates of $3.02.

Amkor Technology Inc (AMKR)

-10.74%

Gapping down after its Q1 2026 earnings report. Revenue of $1.69 billion beat estimates of $1.54 billion, representing 27% year-over-year growth, while earning of $0.33 per share outpaced estimates of $0.22. The company projected Q2 2026 revenue between $1.75 billion and $1.85 billion, beating estimates of $1.743 billion. Amkor’s Q2 earnings outlook of $0.42-$0.52 per share similarly beat estimates of $0.32.

Bed Bath & Beyond Inc (BBBY)

+23.60%

Gapping up after its Q1 2026 earnings report, during which the company posted significant revenue growth for the first time in nineteen quarters. Sales grew by 6.9% year-over-year to $248 million. The company’s net loss narrowed to $16 million, compared to a $40-million loss in the year-ago quarter, with average order value growing from $194 to $205 over the same period.