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

0815 - ADP employment change for April: Expected 115k; Prior 155k
0830 - GDP growth rate q/q adv for Q1: Expected -0.2%; Prior 2.4%
0945 - Chicago PMI for April: Expected 45.9; Prior 47.6
1000 - PCE price index y/y for March: Expected 2.2%; Prior 2.5%
1000 - PCE price index m/m for March: Expected 0%; Prior 0.3%
1000 - Core PCE price index y/y for March: Expected 2.6%; Prior 2.8%
1000 - Core PCE price index m/m for March: Expected 0.1%; Prior 0.4%

Super Micro Computer Inc (SMCI)

-17.19%

Gapping down after releasing weaker-than-expected preliminary earnings for Q3 2025. The company now expected adjusted earnings between $0.29 and $0.31 for the quarter, below their previous guidance of $0.46-$0.62 and analyst estimates of $0.54, with its GAAP EPS expectations also dropping from previous guidance. Super Micro now projects Q3 sales between $4.5 billion and $4.6 billion, well below its previously-stated guidance of $5 billion to $6 billion and the consensus estimate of $5.49 billion.

Microsoft and Meta Platforms

-0.44%

Both stocks are on watch ahead of their earnings reports, scheduled to be released after the bell on April 30. Analysts are expecting Meta to post earnings of $5.22 per share and revenue of $41.27 billion, while Microsoft is expected to report earnings of $3.20 per share and $68.38 billion in revenue. Microsoft CEO Satya Nadella spoke with Meta CEO Mark Zuckerberg on the future of AI during Meta’s inaugural LlamaCon event on April 29.

MSFT, META

Snap Inc (SNAP)

-14.19%

Gapping down after its Q1 2025 earnings report. The company reported losses of $0.08 per share, smaller than the expected loss of $0.13, and sales of $1.36 billion exceeded expectations of $1.35 billion. Daily active users grew by 9% year-over-year, while adjusted EBITDA grew by 137%. Snap declined to provide guidance for fiscal Q2 due to macroeconomic uncertainty.

Starbucks Corp (SBUX)

-8.54%

Gapping down after its Q2 earnings report, with adjusted earnings of $0.41 per share and sales of $8.76 billion missing estimates of $0.50 and $8.86 billion, respectively. The company reported a 1% year-over-year decline in global comparable store sales and a 2% decline in comparable transactions, though the average ticket price increased by 1%. CEO Brian Niccol cited continued confidence in the “Back to Starbucks” plan as the company continues its turnaround efforts.

NVIDIA Corp (NVDA)

-2.38%

Trading lower premarket after Seaport Global Securities initiated coverage of the stock with a Sell rating and a $100 price target, citing concerns that much of the AI-driven optimism around the company is already priced in. The firm highlighted supply constraints, deployment complexity, and rising competition from in-house chips developed by hyperscalers. Seaport further warned that AI spending could slow by 2026 and Nvidia may underperform despite ongoing industry growth.

Alphabet Inc (GOOGL)

-0.57%

CEO Sundar Pichai is expected to testify on Wednesday in a Washington antitrust trial where the DOJ seeks to force Alphabet to sell its Chrome browser and curb its dominance in online search. Google argues such actions would harm developers, device makers, and users. The case has the potential to reshape the internet's competitive landscape.

Nike Inc (NKE)

-1.11%

Wells Fargo downgraded the stock from Overweight to Equal Weight and cut its price target to $55 from $75, citing delays in the company’s turnaround and a tough macro environment. The firm sees limited valuation support, with a bull case of $70 and a downside scenario of $30 based on varying FY2027 EPS multiples.

Norwegian Cruise Line Holdings Ltd (NCLH)

-7.88%

Gapping down after its Q1 2025 earnings report, with adjusted earnings of $0.07 per share and sales of $2.13 billion missing estimates of $0.09 and $2.14 billion, respectively. The company reaffirmed its adjusted earnings projections of $2.05 per share for FY 2025, lower than estimates of $2.07, and provided in-line EPS guidance for Q2.

First Solar Inc (FSLR)

-12.69%

Gapping down after its Q1 2025 earnings report. Earnings of $1.95 per share fell short of the expected $2.63, though sales of $844.57 million beat estimates of $839.28 million. The company cut its GAAP earnings guidance for FY 2025 from $17-$20 per share to $12.50-$17.50, and reduced its sales guide from $5.3-$5.8 billion to $4.5-$5.5 billion.

ETSY Inc (ETSY)

+1.86%

Trading higher premarket following its Q1 2025 earnings report. Sales of $651.18 million beat estimates of $642.67 million, while earnings of $0.46 per share missed estimates of $0.49. Gross merchandise sales declined by 6.5% on a year-over-year basis, while marketplace gross merchandise sales dropped by 8.9% amid a 3.4% decline in active buyers.

Jeffs’ Brands Ltd (JFBR)

+44.71%

Gapping up after entering into a definitive agreement with an unnamed Canadian company to sell Smart Repair Pro, one of its wholly-owned subsidiaries, as well as Jeffs’ roughly 49% stake in SciSparc Neutraceutical Inc. The transaction is valued at approximately $11.8 million. The company has a float of 1.37 million shares.