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

0830 - Retail sales m/m for July: Expected 0.4%; Prior 0.0%
0830 - Import prices m/m for July: Expected -0.1%; Prior 0.0%
0830 - Export prices m/m for July: Expected 0.0%; Prior -0.5%
0830 - Initial jobless claims: Expected 235k; Prior 233k
0910 - Fed’s Musalem speaks
1000 - Business inventories m/m for June: Expected 0.3%; Prior 0.5%
1310 - Fed’s Harker speaks

Walmart Inc (WMT)

+6.61%

Gapping up after its earnings report for fiscal Q2 2025, with adjusted earnings of $0.67 per share and sales of $169.335 billion exceeding estimates of $0.64 and $168.569 billion, respectively. The company raised its adjusted earnings per share outlook for fiscal 2025 from $2.23-$2.37 to $2.35-$2.43, compared to estimates of $2.43. For fiscal Q3 2024, Walmart guided revenue between $164.58 billion and $166.17 billion, below analyst estimates of $167.11 billion; its earnings per share guidance of $0.51 to $0.52 for the upcoming quarter also missed estimates of $0.55.

Alibaba Group Holding Ltd (BABA)

-3.37%

The company reported $33.47 billion in quarterly sales, below estimates of $34.81 billion, though earnings of $2.26 per share exceeded the estimated $2.13. Net income dropped by 29% on a year-over-year basis, and adjusted net income dropped by 9%. Revenue in the International Digital Commerce and Cainiao Smart Logistics sectors increased by 32% and 16% on a year-over-year basis, respectively.

Intel, NVIDIA, and Taiwan Semiconductor

-0.25%

On watch as a trio after the Financial Times reported that SoftBank has abandoned plans to produce an AI chip in partnership with Intel due to Intel's inability to meet SoftBank's requirements for volume and speed. The goal of the partnership was to produce an AI chip to compete with Nvidia. According to the report, SoftBank is now pursuing discussions with Taiwan Semiconductor Manufacturing Co. instead.

INTC, NVDA, TSM

JD.Com Inc (JD)

+3.48%

The company’s US-listed shares are trading higher premarket following its earnings report. JD reported adjusted earnings of $1.29 per share, above analyst estimates of $0.83, and sales of $40.1 billion, missing expectations of $40.83 billion. Additionally, Michael Burry’s Scion Asset Management has a stake in the company worth $6.46 million, as revealed in its 13F filing.

Nike Inc (NKE)

+4.05%

Trading sharply higher premarket after Pershing Square, led by Bill Ackman, disclosed a 3.04 million-share stake in the company valued at approximately $230 million. The move follows speculation from analysts at Gordon Haskett that Nike could be a target for activist investors, similar to the recent developments at Starbucks.

Robinhood Markets Inc (HOOD)

+2.25%

Trading higher premarket after receiving an upgrade from Deutsche Bank. The analyst raised its rating for the stock from Hold to Buy and set a $24 price target, citing the company's innovative approach to brokerage trading and expansion into digital financial services. The firm praised Robinhood's strong growth potential, effective cost control, and diversification beyond crypto revenue, highlighting initiatives like Gold subscriptions, 24-hour trading, and international expansion as key drivers for future success. Additionally, Robinhood released its July operating data after the bell on Wednesday; assets under custody reached $144.5 billion,, with July net deposits totaling at $4.2 billion.

Cisco Systems Inc (CSCO)

+6.89%

Gapping up after its earnings report, with adjusted earnings of $0.87 per share and sales of $13.64 billion exceeding expectations of $0.85 and $13.537 billion, respectively. The company’s EPS guidance for fiscal Q1 2025 exceeded estimates, and its revenue guidance for the quarter was in-line with analyst expectations; however, Cisco’s non-GAAP EPS guidance for fiscal 2025 of $3.52-$3.58 missed estimates of $3.70.

Sirius XM Holdings Inc (SIRI)

+7.90%

Trading higher premarket after Berkshire Hathaway increased its stake in the company, as revealed by its 13F filing for Q2 2024. The conglomerate added 96.2 million Sirius XM shares to its portfolio during the quarter.

Cingulate Inc (CING)

+143.90%

Trading higher premarket after receiving a European patent for its lead asset, CTx-1301 (Dexmethylphenidate), for treating Attention Deficit Hyperactivity Disorder (ADHD). The patent, granted on August 14, 2024, as EP Patent No. 3261625, will cover up to 30 European territories, including the United Kingdom.