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

1305 - Fed’s Daly speaks
1400 - FOMC minutes from March meeting

Oil and Energy Stocks

-7.65%

Trading sharply lower as a group after President Donald Trump announced that the US would halt attacks in Iran for two weeks; Iran has agreed to reopen the Strait of Hormuz during this period. The agreement was announced hours before Trump’s deadline for Iran to reopen the Strait. In the hours following the ceasefire, Vice President JD Vance referred to the agreement as a “fragile truce”..

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

Crypto Stocks

+5.21%

Trading higher as a group in tandem with Bitcoin, which bounced higher on Tuesday night after the US and Iran announced a two-week ceasefire. The cryptocurrency traded as high as $72,700 on Tuesday evening and has pulled back to $71,652 as of Wednesday at 7:15 AM ET. Separately, Barclays downgraded Coinbase to Underweight and cut its price target to $140, citing continued weakness in trading volumes through Q1 and into April. The firm now expects significantly lower EBITDA than consensus due to softer retail trading activity and believes declining volumes will pressure profitability with limited valuation support.

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

Delta Air Lines Inc (DAL)

+10.64%

Gapping up after its earnings report, during which CEO Ed Bastian announced plans to cut its capacity growth plans amid rising fuel costs. Revenue rose by 9.4% year-over-year to $14.2 billion, above estimates of $13.97 billion, while adjusted earnings of $0.64 per share beat estimates of $0.61 and represented 44% year-over-year growth. Delta guided adjusted earnings between $1.00 and $1.50 per share for Q2 2026, below estimates of $1.70. The stock is also trading higher amid overall airline strength due to dropping oil prices.

Precious Metal Plays

+6.77%

Precious metals, particularly silver, are trading sharply higher on Wednesday morning following the announcement of a two-week ceasefire between Iran and the US. Continuous gold futures climbed as high as $4,864 per ounce after the deal was struck, while spot silver traded as high as $77.38 per ounce.

GLD, SLV, HL, FCX, NEM

Micron Technology Inc (MU)

+9.12%

UBS raised its price target on the stock to $535 from $510 and maintained a Buy rating, arguing that negative sentiment around memory is overdone. The firm sees strengthening DRAM and NAND pricing and believes the industry is in a durable super-cycle, supported by disciplined supply behavior that should lead to more stable earnings, margins, and returns.

Intel Corp (INTC)

+5.01%

The stock closed more than 4% higher on Tuesday after the company announced that it is joining Elon Musk’s Terafab project. Intel will work alongside SpaceX, xAI, and Tesla to advance large-scale chip production. The company will contribute its design, fabrication, and packaging expertise to help achieve Terafab’s goal of producing 1 terawatt per year of compute power for AI and robotics.

Levi Strauss & Co (LEVI)

+11.88%

The company posted earnings of $0.42 per share and revenue of $1.7 billion for Q1 2026, beating estimates of $0.37 and $1.65 billion, respectively. Levi’s raised its FY 2026 earnings outlook to $1.42-$1.48 per share and hiked its organic revenue growth guidance to 4.5%-5.5%.

Super Micro Computer Inc (SMCI)

+5.76%

The company announced that its board is conducting an independent investigation after three individuals previously tied to the company were indicted in an alleged export-control conspiracy. Super Micro emphasized it is not a defendant, faces no accusations of wrongdoing, and that the individuals are no longer affiliated with the firm.

Oscar Health Inc (OSCR)

+9.48%

A Form 4 filing with the SEC revealed that CEO Mark Bertolini purchased 1 million Oscar Health shares on April 6, 2026, in a transaction valued at $11.92 million. Oscar and other health insurance companies traded sharply higher on Tuesday, April 7 after the Centers for Medicare and Medicaid Services announced a 2.48% increase to Medicare Advantage payment rates to insurers. Roughly 11% of the stock’s float is sold short.

CoreWeave (CRWV)

+7.67%

On watch after Bernstein reiterated an Underperform rating on the stock with a $56 price target, arguing the company is unlikely to be a long-term winner in AI despite potential near-term contract growth and solid execution. The firm expects revenue to diverge negatively from consensus starting in 2027. Bernstein noted that Nvidia’s backing may help CoreWeave in the short term, though they do not view this catalyst as durable support for the business long term.

Aehr Test Systems (AEHR)

+7.76%

The company posted net revenue of $10.3 million for Q3 2026, marking a year-over-year decline from $18.3 million, with net losses of $3.2 million widening on a year-over-year basis. Quarterly bookings were reported at $37.2 million. Aehr’s net revenue for the first nine months of FY 2026 came in at $31.2 million, lower than the $44.9 million in revenue reported for the same period in FY 2025. Roughly 15.6% of the stock’s float is sold short.