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

0830 - Chicago national activity index for July: Expected -0.11; Prior -0.10
1000 - New home sales for July: Expected 0.63M; Prior 0.627M
1000 - New home sales m/m for July: Expected 0.5%; Prior 0.6%
1030 - Dallas Fed manufacturing business index for August: Expected -1.7; Prior 0.9
1515 - Fed’s Logan speaks
1915 - Fed’s Williams speaks

Crypto Stocks

-3.13%

Trading lower as a group amid a pullback in Ethereum and Bitcoin. Ethereum made new all-time highs below $5,000 on Sunday but is trading sharply lower on Monday, opening the session just below $4,800 and trading near $4,500 as of 7:10 AM ET. Bitcoin, meanwhile, is on track for a three-day losing streak following a strong showing on Friday.

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

NVIDIA Corp (NVDA)

-0.14%

On watch ahead of its Q2 earnings report, slated to be released after the bell on Wednesday, August 27. Analysts are looking for the company to post earnings of $0.98 per share and sales of $45.91 billion. Nvidia is also on watch during the 2025 Hot Chips conference at Stanford University, which takes place from August 25 to August 26. Executives from the company are scheduled to present six sessions during the conference. Additionally, Baird raised its price target on the stock from $195 to $225.

Intel Corp (INTC)

+1.94%

Trading higher premarket after both the company and US Commerce Secretary Howard Lutnick confirmed that the US government has taken a 10% stake in Intel. This $8.9B investment was made with a combination of CHIPS Act grants and other awards, giving the government 433.3M Intel shares at a discounted $20.47 per share. Intel noted that the government will hold no board seat or governance rights but retains a warrant to buy another 5% if Intel loses majority control of its foundry unit.

Alphabet Inc (GOOGL)

-0.11%

The Associated Press reported that Judge Amit Mehta is expected to rule on remedies in the DOJ’s Google antitrust case in late August or early September, likely around Labor Day. In August of 2024, Mehta ruled that Google used monopolistic tendencies to maintain its position in the search engine market.

Chinese ADRs

+3.34%

Trading higher as a group amid continued strength in Chinese equities, with both the CSI 300 Index and the Hang Seng Index closing roughly 2% higher to end Monday’s overnight session. The recent rally has been driven in part by Chinese households deploying record savings of over 160 trillion yuan ($22 trillion), shifting cash from deposits into equities amid fear of missing out.

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

Apple Inc (AAPL)

-0.38%

On watch after Bloomberg reported that the company is planning a major iPhone redesign cycle. This cycle is reported to start in September 2025 with the launch of the new iPhone Air, which replaces the 16 Plus, and the iPhone 17 lineup featuring camera and design upgrades. Apple will also reportedly roll out a foldable iPhone in 2026 and mark the iPhone’s 20th anniversary in 2027 with the curved-glass “iPhone 20”.

PDD Holdings Inc (PDD)

+7.38%

Gapping up following its Q2 2025 earnings report. The company reported earnings of $3.08 per American depository share, well above estimates of $1.91, with sales of $14.52 billion beating estimates of $14.35 billion. PDD has also benefitted from the recent stock market rally in China.

SentinelOne Inc (S)

-2.30%

Trading lower premarket following after BTIG downgraded the stock from Neutral from Buy, citing negative field checks and mounting competition from larger security platform vendors. The firm cut FY27 ARR estimates and now expects revenue growth to slow to low double digits, below Street expectations.

Keurig Dr Pepper Inc (KDP)

-4.94%

Gapping down after announcing an agreement Dutch coffee maker JDE Peet's for $18.4B in cash, a 20% premium to its recent valuation. After the deal, the company plans to split into two U.S.-listed entities—“Beverage Co.” and “Global Coffee Co.”—led by Keurig’s CEO Tim Cofer and CFO Sudhanshu Priyadarshi.

Furniture Companies

-4.35%

Trading sharply lower as a group after US President Donald Trump announced the launch of a national security probe into furniture imports under Section 232. The announcement indicated potential tariffs aimed at reshoring U.S. manufacturing and jobs in states like North Carolina, South Carolina, and Michigan. The American Home Furnishings Alliance has previously argued that tariffs are unlikely to revive US furniture production as intended and could instead hurt existing manufacturers.

W, RH, WSM

Opendoor Technologies Inc (OPEN)

+4.79%

Continuing to trade higher premarket following a rally on Friday, driven by Fed Chair Powell’s comments at the Jackson Hole Symposium. Powell indicated that the shifting of risks could warrant a policy adjustment; homebuying and mortgage-related stocks like Opendoor are poised to benefit from a Fed rate cut. The stock has gained over 100% over the past two weeks of trading amid an uptick in investor interest.

Cannabis Stocks

+3.87%

Trading higher as a group amid ongoing optimism that the Trump administration will reschedule marijuana as a less dangerous substance. On Monday morning, Jefferies raised its price target for Tilray to $2.00 from $1.50 while maintaining a Buy rating, citing the potential rescheduling as a key catalyst for the stock and sector. The firm highlighted Tilray as the biggest potential beneficiary of these regulatory shifts, though it warned of challenges in the company’s alcohol business despite its strong liquidity and manageable debt.

TLRY, MSOS, CGC, ACB, SMG, CRON, SNDL