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

0915 - Fed’s Waller speaks
1000 - Leading index change m/m for July: Expected -0.3%; Prior -0.2%

Advanced Micro Devices Inc (AMD)

+2.65%

Trading higher premarket after the company announced plans to acquire server maker ZT Systems for $4.9 billion, aiming to enhance its AI chip portfolio and compete with Nvidia. The acquisition, primarily funded by cash, is expected to bolster AMD's ability to scale AI GPU offerings for cloud computing giants like Microsoft. The company is scheduled to host a conference call about the acquisition at 8:30 AM ET.

Crypto Stocks

-2.24%

Trading lower as a group in tandem with the price of Bitcoin. The cryptocurrency, which briefly reached above the $60,000 level on Sunday, is trading just above $58,000 as of Monday morning; Ethereum is similarly weak on the day and was trading below the $2,600 level early on Monday. Additionally, crypto miner Bit Digital is scheduled to report after the bell on Monday, August 19.

BTBT, MARA, COIN, RIOT, HUT, CLSK, MSTR, IBIT, BITO, ETHE

ZIM Integrated Shipping Services Ltd (ZIM)

+15.13%

Gapping up after its earnings report, during which the company raised its adjusted EBITDA guidance for fiscal 2024 from $1.15 billion-$1.55 billion to $2.6 billion-$3 billion. The company reported GAAP EPS of $3.08 per share and sales of $1.933 billion for fiscal Q2 2024, exceeding analyst estimates of $1.65 and $1.799 billion, respectively.

Estee Lauder Companies Inc (EL)

-6.20%

Trading sharply lower premarket following its earnings report. The company guided adjusted EPS for fiscal 2025 between $2.78 and $2.98, well below estimates of $4.02, and projected that organic and reported revenue will grow by -1% to 2% for the fiscal year. For Q1 2025, Estee Lauder guided adjusted earnings of $0.01 to $0.09 per share, below estimates of $0.66, with revenue expected to decrease by 3% to 5%. Fourth-quarter sales of $3.871 billion exceeded expectations of $3.83 billion, and adjusted earnings of $0.64 beat estimates of $0.27. Additionally, CEO Fabrizio Freda announced his retirement, effective at the end of fiscal 2025.

Vaccine-Related Stocks

+40.95%

Continuing to trade sharply higher as a group amidst heightened concerns over the spread of mpox, with Sweden reporting the first case of Mpox Clade 1 outside of Africa as of last week. Emergent Biosolutions (EBS) owns one of the CDC’s recommended vaccines for mpox, and GeoVax Lab (GOVX) previously published research in peer-reviewed journals indicating its vaccines may help prevent mpox.

EBS, GOVX, VRAX

FuboTV Inc (FUBO)

+12.42%

Trading higher premarket after a U.S. judge temporarily blocked the launch of Venu Sports, a sports-streaming venture by Disney, Fox, and Warner Bros Discovery. FuboTV had previously sued these companies in February, accusing them of antitrust practices that could hinder competition and raise prices for consumers.

Liquidia Corp (LQDA)

-39.76%

Gapping down after the FDA granted tentative approval to its inhaled blood pressure drug Yutrepia, delaying full approval until after the expiration of a competing product's exclusivity in May 2025. Liquidia plans to challenge the FDA's decision to grant regulatory exclusivity to United Therapeutics' Tyvaso, which has delayed Yutrepia's final approval.

B. Riley Financial Inc (RILY)

-11.79%

On Friday, co-founder Bryant R. Riley proposed to acquire all remaining common stock he doesn't own for $7 per share, representing a 40% premium over the previous closing price. Riley, the largest shareholder with 24% ownership, aims to continue reporting to the SEC and potentially list on a secondary exchange. B. Riley’s recent challenges include the suspension of their dividend, a large quarterly loss, and an ongoing SEC investigation.