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

0830 - PPI y/y for July: Expected 2.5%; Prior 2.3%
0830 - PPI m/m for July: Expected 0.2%; Prior 0.0%
0830 - Core PPI y/y for July: Expected 3%; Prior 2.6%
0830 - Core PPI m/m for July: Expected 0.2%; Prior 0.0%
0830 - Initial jobless claims: Expected 225k; Prior 226k
1000 - Fed’s Musalem speaks
1300 - Trump delivers remarks

Bullish (BLSH)

+12.53%

Gapping up ahead of its second session as a publicly-traded company. The crypto exchange made its debut on the NYSE via IPO on Wednesday, opening at $90 compared to its IPO price of $37, and initially pushed higher before closing around $70. Bullish is the latest in a series of hotly-anticipated IPOs in sectors like crypto and AI, including Figma, Circle, and CoreWeave.

Crypto Stocks

-0.67%

On watch as a group after Bitcoin hit a new all-time high above $124,500. The cryptocurrency breached its previous high of 123,200, made on July 14, early on Thursday morning before pulling back to trade near the $121,000 level. Ethereum, meanwhile, is still trading near Thursday’s high, just below the $4,800 level.

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

Alphabet Inc (GOOGL)

-0.04%

The company announced plans to invest $9 billion over the next two years in Oklahoma to build a new data center in Stillwater, expand its Pryor facility, and fund education and workforce development programs. As part of a broader $1 billion national initiative, the company is partnering with local universities and trade programs to equip students and workers with AI skills and expand the state’s electrical workforce by 135%. Alphabet has been on watch in recent days following reports that Perplexity AI made an unsolicited $34.5 billion bid for Google’s Chrome browser.

Apple Inc (AAPL)

-0.22%

On watch after key supplier Foxconn reported Q2 2025 earnings. The company reported in-line revenue of 1.79 trillion New Taiwan dollars, marking 16% year-over-year growth, and posted better-than-expected operating profit for the quarter. Foxconn noted that server products sales comprised 41% of their quarterly revenue, the first time that revenue in this segment has surpassed that of its consumer electronic products segment. On Wednesday afternoon, Bloomberg reported that the company is planning an AI resurgence with new products including a tabletop robot companion targeted for 2027, a lifelike Siri, a smart speaker with a display launching next year, and home-security cameras.

Cisco Systems Inc (CSCO)

-0.98%

Trading marginally lower premarket following its Q4 2025 earnings report. Adjusted earnings of $0.99 per share exceeded expectations of $0.97 per share, and sales of $14.673 billion beat estimates of $14.617 billion. Cisco’s earnings and revenue guidance for Q1 2026 was relatively in-line with estimates, but its FY26 guidance surpassed estimates. The company expects adjusted earnings between $4.00 and $4.06 per share for the fiscal year, well above estimates of $3.79, and guided sales between $59 billion and $60 billion compared to estimates of $56.623 billion.

Coherent Corp (COHR)

-19.11%

Gapping down after reporting Q4 2025 earnings and announcing the $400 sale of its aerospace and defense business to Advent. The company posted adjusted earnings of $1 per share and sales of $1.529 billion, beating estimates of $0.91 and $1.508 billion, respectively. Coherent guided adjusted earnings between $0.93 and $1.13 per share for Q1 2026, compared to estimates of $1.01, and projected sales between $1.46 billion and $1.6 billion for the same period.

Chinese ADRs

-1.42%

Trading lower as a group following Bridgewater Associates’ 13F filing for Q2 2025. The firm exited its positions in 16 Chinese stocks - including Alibaba, JD.com, PDD Holdings, Baidu, and Nio - with the value of the sales totaling $1.41 billion. Separately, JD.com is trading higher premarket following its Q2 2025 earnings report. The company reported adjusted earnings of $0.69 per share and sales of $49.788 billion, beating estimates of $0.44 and $46.93 billion, respectively.

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

Intuitive Machines Inc (LUNR)

-10.68%

Gapping down after announcing a convertible senior notes offering. The company plans to raise $300 million by selling convertible notes to large institutional investors, with the option to sell an extra $45 million worth if demand is high. The sale, upsized from a $250 million offering announced hours earlier, is expected to close on August 18, 2025.

UnitedHealth Group Inc (UNH)

+0.95%

Trading higher premarket following two back-to-back sessions of notable gains. The stock gained nearly 4% on Wednesday and closed at intraday highs after announcing a quarterly dividend of $2.21. UnitedHealth’s stock down over 46% this year amid a variety of setbacks, including investigations into the company’s Medicare billing practices and the resignation of Andrew Witty as CEO.

Deere & Co (DE)

-5.95%

Gapping down after its Q3 2025 earnings report. The company reported earnings of $4.75 per share and sales of $12.018 billion, beating estimates of $4.67 and $10.311 billion, respectively. Deere narrowed its net income guidance for fiscal 2025 from $4.75 billion-$5.5 billion to $4.75 billion-$5.25 billion.

Bumble Inc (BMBL)

-11.47%

Gapping down after Bloomberg reported that a large block of shares is being offered at $6.33 to $6.54—up to 11.5% below Wednesday’s $7.15 close. The size of the block sale was not reported, but such trades often involve substantial volumes executed outside regular market hours.

Expion360 Inc (XPON)

+132.06%

Gapping up following its Q2 2025 earnings report. The company reported losses of $0.41 per share, better than the expected loss of $0.58 per share, with sales of $2.99 million representing strong year-over-year growth. The stock has a market capitalization of $4.42 million and a float of 3.27 million shares, approximately 11.5% of which are sold short.