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

1000 - NFP annual revision for March
1400 - Release of July FOMC meeting minutes

Target Inc (TGT)

+12.70%

Gapping up after its Q2 2024 earnings report, with earnings of $2.57 per share and sales of $25.45 billion beating estimates of $2.20 and $25.229 billion, respectively. The company reported a 2% increase in comparable store sales and an 8.7% increase in digital comparable sales for the quarter. Target raised its adjusted EPS guidance for fiscal 2024 from $8.60-$9.60 to $9.00-$9.70, compared to estimates of $9.36, and projected adjusted earnings of $2.10 to $2.40 per share for fiscal Q3 compared to estimates of $2.27.

JD.Com Inc (JD)

-7.09%

Gapping down after Walmart, its largest shareholder, confirmed that it is looking to sell its entire stake in the Chinese e-commerce firm for roughly $3.74 billion. Walmart first invested in the company in 2016 as part of a strategic alliance. The sale reflects declining interest in China's e-commerce sector due to poor margins and weak consumer demand, with Walmart planning to refocus on its own operations in China.

Alphabet and Apple

-0.21%

On watch as a pair after Britain's competition watchdog, the CMA, announced that it has closed its investigations into both companies’ app stores ahead the implementation of the forthcoming Digital Markets, Competition and Consumers Act (DMCCA). The CMA had initially launched the probes after finding that Apple and Google held an effective monopoly over app distribution in Britain, but now plans to address these concerns under the new legislation expected later this year.

GOOGL, AAPL

Tesla Inc (TSLA)

+0.09%

On watch after recalling 9,136 Model X vehicles from 2016 in the U.S. due to concerns that improperly attached cosmetic trim pieces on the roof could separate and pose a road hazard, as per the National Highway Traffic Safety Administration. This recall, following a similar recall in 2020 deemed insufficient, will involve testing and reattaching the trims at no cost to the customer, though no related collisions or injuries have been reported.

Macy’s Inc (M)

-7.84%

Gapping down following its Q2 2024 earnings report, with sales of $4.937 billion missing analyst estimates of $5.118 billion. Adjusted earnings of $0.53 per share, however, exceeded estimates of $0.29. The company lowered its FY2024 net sales guidance from $22.3 billion-$22.9 billion to $22.1 billion-$22.4 billion and projected a decrease in comparable sales by 0.5% to 2%.

The TJX Companies Inc (TJX)

+2.37%

Trading higher premarket after its Q2 2025 earnings report. The company reported GAAP earnings of $0.96 per share, above estimates of $0.91, and sales of $13.468 billion, exceeding expectations of $13.307 billion. Comparable store sales grew by 4% on a year-over-year basis. TJX raised its EPS forecast for fiscal 2025 from $4.03-$4.09 to $4.09-$4.13, still below analyst estimates of $4.14; its Q3 EPS guidance came in just below analyst expectations. The company also expects $2 billion to $2.5 billion in stock buybacks during fiscal 2025.

Bitfarms Ltd (BITF)

-7.63%

Trading sharply lower premarket after announcing its acquisition of Stronghold Digital Mining. The transaction will take place via a $125-million stock-for-stock merger, with shareholders of Stronghold set to receive 2.52 Bitfarms shares for each of their shares in Stronghold.

BigBear.AI Holdings Inc (BBAI)

+28.94%

Trading higher premarket after securing a subcontractor role under Concept Solutions, which was awarded a Federal Aviation Administration (FAA) IT contract. The company will assist Concept Solutions in managing information systems and implementing innovative solutions for the FAA, as part of a $2.4 billion contract spanning over 10 years. BigBear’s stock has a 6.8% short float and has rallied in the past.

Revelation Biosciences Inc (REVB)

+140.79%

Gapping up on no apparent catalyst. The stock has a market capitalization of $1.71 million and a float of 1.64 million shares, approximately 2.6% of which are sold short.