^{_{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 0.3%; Prior 0.5%
0830 - Import prices m/m for July: Expected 0.1%; Prior 0.1%
0830 - Export prices m/m for July: Expected 0.1%; Prior 0.5%
0830 - NY Fed manufacturing for August: Expected 0; Prior 5.5
1000 - UMich consumer sentiment for August: Expected 62; Prior 61.7
1000 - UMich 1yr inflation for August: Expected 4.4%; Prior 4.5%
1000 - UMich 5yr inflation for August: Expected 3.4%; Prior 3.4%

UnitedHealth Group Inc (UNH)

+11.72%

Gapping up after Berkshire Hathaway, Appaloosa LP, and Michael Burry all disclosed significant purchases of the company’s stock in their 13F filings for Q2 2025. Warren Buffett’s Berkshire Hathaway started a position in UnitedHealth with 5,039,564 shares, while Appaloosa increased its existing position in UnitedHealth from 175,000 shares to 2,450,000 shares. Michael Burry, meanwhile, holds both shares and call options of UnitedHealth as of the end of Q2.

Intel Corp (INTC)

+1.84%

On Thursday afternoon, Bloomberg reported that the Trump administration is in talks to potentially take a stake in the struggling chipmaker. This report follows a meeting between President Trump and CEO Lip-Bu Tan earlier this week, just days after Trump called for Tan’s resignation over alleged China-linked investments. Separately, Appaloosa LP disclosed the purchase of 8,000,000 shares of Intel during Q2 2025, according to its 13F filing.

Applied Materials Inc (AMAT)

-13.60%

Gapping down following its Q3 2025 earnings report. The company reported Q3 adjusted earnings of $2.48 per share and sales of $7.302 billion, beating estimates of $2.36 and $7.223 billion, respectively. Applied Material guided adjusted earnings between $1.91 and $2.31 per share for Q4, missing estimates of $2.39, and its quarterly sales guide of $6.2 billion to $7.2 billion fell short of the estimated $7.331 billion.

Hims & Hers Health Inc (HIMS)

-2.74%

Trading lower premarket after Bloomberg reported the FTC is investigating complaints about the company’s advertising and cancellation practices. The probe follows an October 2023 agency demand for information, with Hims saying at the time it was cooperating.

Big Tech

+0.33%

On watch following the release of 13F filings for Q2 2025. Berkshire Hathaway trimmed its stake in Apple by 7% during the quarter, while the Gates Foundation trimmed its holdings of Microsoft by 8%. Appaloosa LP decreased its stake in Meta by 27% but increased its holdings in Nvidia from 300,000 shares to 1,750,000. Viking Global Investors cut its stakes in both Meta and Nvidia by 82% and 44%, respectively, but increased its Amazon position by 7%. Pershing Square Capital Management increased its position in Alphabet by 21%

NVDA, META, AAPL, AMZN, GOOGL, MSFT

Nu Holdings Ltd (NU)

+10.66%

Gapping up after its Q2 2025 earnings report. Earnings of $0.13 per share met estimates, while sales of $3.668 billion missed estimates of $3.775 billion. The company added 4.1 million customers during the quarter and continued to achieve an activity rate greater than 83%. Additionally, 13F filings revealed that Saudi Arabia’s Public Investment Fund sold its stake in Nu Holdings.

CoreWeave (CRWV)

-4.21%

Gapping down following two straight days of strong selling. The stock’s post-IPO lockup period expired as of Thursday evening, meaning that insiders are no longer prevented from selling company shares.

Chinese ADRs

-0.56%

Several major investors purchased or sold shares in some of the companies within this group during Q2 2025, according to 13F filings for the quarter. Appaloosa LP decreased its stakes in PDD Holdings and Alibaba by 54% and 23%, respectively. Coatue Management cut its position in Alibaba by 77%, while Saudi Arabia’s Public Investment Fund dissolved its stake in the company. Separately, Alibaba’s international commerce arm launched the Accio Agent, an AI tool built on its Qwen model to help merchants source products and automate up to 70% of tasks like product ideation, prototyping, compliance checks, and supplier sourcing.

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

Circle Internet Group Inc (CRCL)

-2.66%

Continuing to trade lower premarket after closing over 9% lower on Thursday. After the bell on Thursday, the company priced its previously-announced public offering of 10 million shares at $130 per share.

Quantum Computing Inc (QUBT)

-2.28%

Trading lower premarket following its Q2 2025 earnings report. Adjusted losses of $0.06 per share were in-line with estimates, but sales of $61,000 fell short of the expected $100,000. Approximately 21.1% of the stock’s float is sold short.

Opendoor Technologies Inc (OPEN)

+10.20%

Gapping up after Tudor Investment Corp disclosed a 2.45 million-share position in the company in its 13F filing, marking an increase of more than 1000% compared to Q1. Investor Anthony Pompliano disclosed a position in the company earlier this week via a social media post.

BitFuFu Inc and KULR Technology Group Inc

+15.67%

Both stocks are gapping up following their earnings reports. BitFuFu reported adjusted earnings of $0.28 per share, beating estimates of $0.05, though sales of $115.395 million missed estimates of $123.674 million. KULR Technology, meanwhile, reported a surprise profit of $0.22 per share compared to an estimated loss of $0.16 per share, with sales of $3.97 million similarly beating estimates of $3.5 million.

FUFU, KULR