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

0830 - Treasury Secretary Bessent speaks
0830 - Wholesale inventories m/m adv for March: Expected 0.6; Prior 0.3%
0900 - S&P/Case-Shiller 20 y/y for February: Expected 4.7%; Prior 4.7%
1000 - JOLTS job openings for March: Expected 7.5M; Prior 7.568M
1000 - CB consumer confidence for April: Expected 88; Prior 92.9
1400 - Commerce Secretary Lutnick speaks
1800 - President Trump speaks

Spotify Technology SA (SPOT)

-3.47%

Gapping down following its Q1 2025 earnings report. Earnings of $1.13 per share fell short of the estimated $2.21, and sales grew by 15% on a year-over-year basis. Total premium subscribers grew by 12% year-over-year to reach 268 million, above expectations, and monthly active users grew by 10% but missed estimates. The company guided Q2 revenue and monthly active users below estimates.

PayPal Holdings Inc (PYPL)

-1.28%

Trading lower premarket following its Q1 2025 earnings report. Adjusted earnings of $1.33 per share beat estimates of $1.16, but sales of $7.79 billion missed estimates of $7.86 billion. The company maintained its adjusted EPS guidance of $4.95 to $5.10 for FY25, compared to estimates of $5.01, and projected higher-than-expected earnings per share for Q2 2025.

Tesla Inc (TSLA)

+0.07%

On watch after the company announced it expects to begin production of its Semi truck by the end of 2025, with plans to scale up to 50,000 units annually at its Nevada Gigafactory. The plan was announced by Dan Priestley, leader of the Semi program, in a YouTube video shared on Monday. This updates comes despite setbacks from steep U.S. tariffs on Chinese imports, as the company continues its commitments to clients like PepsiCo and advances its robotaxi rollout.

SoFi Technologies Inc (SOFI)

+3.11%

Trading sharply higher premarket following its Q1 2025 earnings report, with adjusted earnings of $0.06 per share and sales of $770.72 million beating estimates of $0.04 and $739.05 million, respectively. The company raised its FY25 GAAP EPS guidance to $0.27-$0.28, above estimates of $0.26, and hiked its FY25 sales guidance to $3.2-$3.27 billion, compared to estimates of $3.2 billion.

General Motors Co (GM)

-1.93%

The company reported adjusted earnings of $2.78 per share and sales of $44.02 billion for Q1 2025, beating estimates of $2.73 and $43.15 billion, respectively. GM announced that its earnings call for the quarter has been pushed back to Q1, attributing the decision to “recent reports regarding updates to trade policy”. The company further noted that potential tariff impacts were not considered in its initial guidance for fiscal 2025.

Pfizer Inc (PFE)

-0.17%

On watch after its Q1 2025 earnings report. The company reported earnings of $0.92 per share, above estimates of $0.67, though sales of $13.71 billion fell below expectations of $13.95 billion. Pfizer reaffirmed its previously-issued guidance for FY25 but noted that the guide does not reflect possible impacts from tariffs or trade policy due to their unpredictable nature.

Hims & Hers Health Inc (HIMS)

+27.84%

Gapping up after partnering with Novo Nordisk to offer FDA-approved Wegovy for obesity treatment through its platform, starting a long-term collaboration. The initiative seeks to broaden access to effective obesity care by merging innovative medication with a direct-to-consumer healthcare model. Novo Nordisk is trading higher premarket on the news, while competitor Eli Lilly is relatively flat.

United Parcel Service Inc (UPS)

+2.12%

Trading higher premarket following its Q1 2025 earnings report, with adjusted earnings of $1.49 per share and sales of $21.5 billion beating estimates of $1.38 and $21.05 billion, respectively. The company announced plans to cut 20,000 jobs during the fiscal year, citing previous plans to reduce its Amazon deliveries. In light of what it termed “macroeconomic uncertainty”, UPS refrained from updating its guidance for FY25.

AstraZeneca PLC (AZN)

-1.42%

The company reported Q1 earnings of $1.25 per American depository share, exceeding estimates of $1.11, though sales of $13.59 billion fell short of the expected $13.71 billion. The company reaffirmed its guidance for FY25, continuing to expect high-single-digit revenue growth and low-double-digit core EPS growth.

Cruise Lines

+2.93%

Trading higher as a group following Royal Caribbean’s premarket earnings report. Adjusted earnings of $2.71 per share beat estimates of $2.54 and marked a 53% year-over-year increase, and sales of $4 billion represented 15% growth despite missing analyst estimates. Adjusted EBITDA grew by 86.7%. Royal Caribbean raised its FY25 adjusted EPS guidance for FY25, and its EPS guide for Q2 handily beat analyst estimates.

RCL, CCL, NCLH

Coca-Cola Co (KO)

+1.13%

Trading higher premarket following its earnings report. Adjusted earnings of $0.73 narrowly beat estimates of $0.72, but sales of $11.1 billion missed estimates of $11.14 billion and marked a 2% year-over-year decline. The company reaffirmed its previously-issued FY25 guidance, with its EPS projections meeting analyst estimates of $2.96. Coca-Cola also noted that it expects any impacts from tariffs to be “manageable”.

Wearable Devices Ltd (WLDS)

+72.50%

Gapping up on no apparent news. The stock has a float of 892,160 shares and a market capitalization of $2.01 million.