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

1400 - Fed’s Daly speaks
1500 - Trump signs executive orders

Big Tech

+2.04%

Trading higher as a group as the market attempts to rebound following multiple days of weakness, triggered by US President Donald Trump’s tariff announcement on April 2. US Treasury Secretary Scott Bessent spoke to CNBC on Tuesday morning and communicated that “solid proposals” on tariffs from cooperative countries may lead to “good deals”. Bessent also noted that the administration will be prioritizing talks with countries that have not announced retaliatory tariff measures.

AMZN, MSFT, META, GOOGL, NVDA, PLTR

Broadcom Inc (AVGO)

+5.69%

Gapping up after announcing a $10 billion share buyback program. CEO Hock Tan highlighted the company’s position within the infrastructure and generative AI ecosystems, saying that the share repurchase program demonstrates the Board’s confidence in the company.

Chinese ADRs

-1.43%

Trading lower as a group despite rebounding during overnight trading, with the Hang Seng index gaining 1.5% and the CSI 300 index closing 1.7% higher. The rally was attributed to Beijing’s decision to announce steps to support markets amid rising U.S.-China trade tensions. The US administration continues to pressure the country to lift its 34% retaliatory tariffs announced on the morning of April 4, with US Treasury Secretary Scott Bessent saying that China’s tariff announcement is “bad for China”.

BABA, BILI, BIDU, PDD, JD, LI, XPEV, NIO, FXI, KWEB

Crypto Stocks

+2.71%

Trading higher premarket in tandem with a rebound in Bitcoin. The cryptocurrency closed green on Monday and is trading back above the $80,000 level as of Tuesday morning. Separately, a memo from the Justice Department indicated that the group is disbanding its “cryptocurrency enforcement team”. The memo notes that the DoJ will “largely stop” investigating wallets and crypto exchanges, encouraging prosecutors to focus on cryptocurrency cases with ties to larger criminal organizations or acts.

MSTR, MARA, IBIT, ETHE, IREN, CAN, HIVE, HUT, RIOT, CLSK, COIN

Apple Inc (AAPL)

+1.24%

Attempting to break its three-day losing streak. The Wall Street Journal reported that the company is ramping up iPhone production in India to avoid steep US tariffs on Chinese imports, potentially offsetting a projected $300 increase in hardware costs for the iPhone 16 Pro. The shift could help Apple supply up to 50% of U.S. demand from India, mitigating price hikes that might otherwise make its flagship device less competitive. The Journal separately reported that U.S. consumers are rushing to buy iPhones before the US tariff measures cause costs to rise.

Marvell Technology Inc (MRVL)

+5.27%

Gapping up after announcing the $2.5 billion all-cash sale of its Automotive Ethernet business to Infineon Technologies, a deal expected to close by the end of 2025. The sale includes Marvell's Brightlane portfolio, which was projected to generate up to $250 million in 2025 revenue with 60% gross margins.

Health Insurance Companies

+6.15%

Several stocks in the group are trading sharply higher premarket after the Wall Street Journal reported that the Centers for Medicare & Medicaid Services approved a 5.06% payment increase for Medicare Advantage plans in 2026. This reported rate is more than double the earlier proposed hike. The move, driven by rising medical cost data, signals strong support for private Medicare plans despite the continued phaseout of certain billing practices.

CVS, HUM, CI, UNH

Walgreens Boots Alliance Inc (WBA)

+2.71%

Trading higher premarket after reported earnings for Q2 2025. The company posted adjusted earnings of $0.63 per share and sales of $38.59 billion, beating estimates of $0.53 and $38 billion, respectively. Walgreens withdrew its guidance for fiscal 2025, citing its pending acquisition by Sycamore Partners through which the company will be taken private.

Levi Strauss & Co (LEVI)

+11.19%

Gapping up after reporting Q1 2025 earnings. Adjusted earnings of $0.38 per share beat estimates of $0.28, but sales of $1.5 billion missed estimates of $1.541 billion. The company maintained its prior guidance for fiscal 2025, noting that said guidance does not take into account any impacts from tariffs announced last week by the US administration.

Tilray Brands Inc (TLRY)

-3.84%

Trading sharply lower after reporting Q3 2025 sales. The company reported $185.78 million in sales for the fiscal quarter, missing estimates of $210.45 million. Tilray revised its FY 2025 revenue guidance to $850-$900 million, below its previous guidance of $950 million-$1 billion and in-line with estimates of $893.06 million.

Galaxy Payroll Group Ltd (GLXG)

+93.66%

Gapping up on no apparent news catalyst. The stock has a float of approximately 5.45 million shares.

Nanovibronix Inc (NAOV)

+204.08%

Gapping up on no apparent news catalyst. The stock has a float of 337,350 shares, approximately 4.89% of which are sold short.