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

0830 - Durable goods orders m/m for February: Expected -1.2%; Prior 0%
0830 - Core durable goods orders m/m for February: Expected 0.5%; Prior 0.4%
1100 - NY Fed 1-yr inflation expectations for March: Expected 3.5%; Prior 3%
1235 - Fed’s Goolsbee peaks
1500 - Consumer credit change for February: Expected $10.25B; Prior $8.05B
2000 - President Trump’s deadline to reopen the Strait of Hormuz (tentative)

Oil and Energy Stocks

+1.12%

Trading higher premarket as a group ahead of US President Donald Trump’s deadline for Iran to reopen the Strait of Hormuz, which has been set at 8:00 PM ET on Tuesday, April 7. If the key passageway is not reopened by that time, Trump has indicated that the US will strike power plants and bridges within Iran. As of Tuesday morning, an Iranian source reportedly claimed that Tehran has rejected the possibility of a ceasefire with the US. Additionally, Axios reported on Tuesdy morning that the US struck military targets on Kharg Island.

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

Broadcom Inc (AVGO)

+3.31%

Trading higher premarket after a filing revealed the company’s partnership with Google to develop and supply next-generation TPUs and related AI infrastructure through 203. Broadcom also expanded its agreement with Anthropic to provide access to ~3.5GW of TPU-based computing capacity starting in 2027. The deal strengthens Broadcom’s role in AI infrastructure, with capacity largely deployed in the U.S. via Google Cloud, though Anthropic’s usage will depend on its commercial performance.

Health Insurance Stocks

+4.25%

Trading sharply higher as a group after the Centers for Medicare & Medicaid Services finalized its 2027 Medicare Advantage and Part D policies, projecting a 2.48% average payment increase totaling over $13 billion in additional MA funding. The agency will retain the 2024 MA risk adjustment model and begin excluding most unlinked chart review diagnoses from risk scores starting in 2027.

UNH, HUM, MOH, CNC, OSCR

Marvell Technology Inc (MRVL)

-2.66%

Trading lower premarket after being passed up for S&P 500 inclusion once again. On Monday evening, S&P Dow Jones Indices announced that Casey’s General Stores (CASY) will be joining the index effective April 9, 2026. Casey’s will be replacing Hologic in the index as the latter company is taken private by Blackstone and TPG.

Apple Inc (AAPL)

-0.90%

On Monday, Nikkei Asia reported that the company is facing engineering test issues with its first foldable iPhone. These problems could delay mass production and shipments by several months in a worst-case scenario. The report cites unexpected problems during early test production requiring additional time to resolve.

Tesla Inc (TSLA)

-0.93%

Cathie Wood’s ARK Invest purchased roughly $14 million in Tesla shares on Monday. The firm purchased 29,563 shares through its Innovation ETF (ARKK), 9209 shares through its Autonomous Technology and Robotics ETF (ARKQ), and 919 shares through its ARK Space & Defense Innovation ETF. The purchases follow a bearish analyst note from JP Morgan after Tesla’s weaker-than-expected Q1 2026 deliveries.

Arm Holdings PLC (ARM)

-2.70%

Trading lower premarket after Morgan Stanley downgraded the stock to Equal Weight from Overweight while raising its price target from $135 to $150. The analyst views Arm’s move into chipmaking and AI-focused CPU design as strategically important but slow to generate meaningful revenue. Morgan Stanley cited near-term risks including weak end-market demand, DRAM constraints, rising R&D costs, and potential channel conflict with customers. These risks could potentially pressure growth and margins in the coming years.

ASML Holding NV (ASML)

-1.29%

The company’s European shares are trading lower in its first session since US lawmakers proposed new restrictions that could limit ASML’s ability to sell and service advanced lithography tools in China. These changes would mark the first tightening of these rules since 2024. Analysts from Citi and Degroof Petercam see the move as a modest negative, with possible single-digit sales impact despite China accounting for about 20% of 2026 revenue.

Space Stocks

-1.56%

On watch as a group after Reuters reported that SpaceX held a meeting with its team of bankers to discuss its planned IPO. The company aims to allocate a significant portion of shares to retail investors, with CFO Bret Johnsen reportedly highlighting that retail investors will be a larger component than in any previous public offering. SpaceX also plans to host around 1,500 retail investors at a June event, underscoring its strategy to heavily involve individual investors in the IPO. The company’s IPO roadshow will reportedly take place in early June 2026.

ASTS, RKLB, DXYZ

Ridgetech Inc (RDGT)

+74.86%

Gapping up after announcing a 1-for-150 reverse stock split, effective Wednesday, April 8. The stock has a market capitalization of $330,000 and a float of 16.01 million shares.