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

0830 - Durable goods m/m for July: Expected 4.2%; Prior -6.7%
0830 - Core durable goods m/m for July: Expected 0%; Prior 0.4%
1030 - Dallas Fed manufacturing index for August: Expected -16; Prior -17.5

NVIDIA Corp (NVDA)

+0.87%

On watch ahead of its hotly anticipated earnings report for fiscal Q2 2025, scheduled to be released after the bell on Wednesday, August 28. Analysts are expecting the company to post revenue of $28.24 billion and earnings of $0.64. Due to the stock’s key role in the recent AI rally and the fact that it is valued at approximately 37 times its forward earnings, market participants will be looking for Nvidia to outperform.

Megacap Tech

-0.13%

On watch as a group after an Asian industry group urged the Malaysian government to pause a plan requiring social media services to apply for a license, citing a lack of clarity and the absence of formal public consultations. The Asia Internet Coalition - whose members include Apple, Amazon, Google, Meta, and X - warned that the proposed regulations could stifle innovation, burden businesses, and negatively impact Malaysia's digital economy.

AAPL, AMZN, GOOGL, META

PDD Holdings Inc (PDD)

-14.46%

Gapping down following its Q2 earnings report. The company posted adjusted earnings of $3.20 per ADS, above estimates of $2.73, though sales of $13.36 billion fell below expectations of $14.02 billion. Jun Liu, PDD’s VP of Finance, noted that the company’s revenue growth is expected to be challenged by increased competition and external factors. The company also reported a 48% rise in sales and marketing expenses in Q2, driven primarily by higher spending on promotion and advertising.

Xpeng Inc (XPEV)

+3.85%

Trading higher premarket after regulatory filings the company’s CEO, Xiaopeng He, has increased his stake in the company by purchasing over two million shares. His recent acquisitions, totaling approximately $13.5 million, bring his ownership in the Chinese EV maker to about 18.8%.

Micron Technology Inc (MU)

-0.24%

Trading lower premarket with volume after Needham lowered its price target for the stock from $150 to $140. The analyst cited Micron’s reiteration of weak DRAM and NAND shipment growth for fiscal Q1 2025, as well as slower demand, as reasons for the price target cut.

Intel Corp (INTC)

+0.19%

On watch after CNBC reported that the company is working with Morgan Stanley to prepare for potential activist investor pressure as CEO Pat Gelsinger seeks to turn around the struggling chipmaker. While no new activist campaign has been formally launched, Intel is proactively taking steps to defend itself, with details remaining confidential.

The Boeing Company (BA)

-0.83%

On watch after NASA announced that astronauts Barry Wilmore and Sunita Williams, initially transported to the International Space Station by Boeing's Starliner, will return to Earth aboard a SpaceX spacecraft due to technical issues with the Starliner. This decision highlights ongoing setbacks for Boeing, which faces challenges with the Starliner's propulsion system that raised safety concerns.

SolarEdge Technologies Inc (SEDG)

+5.07%

Trading sharply higher premarket after announcing a slew of leadership changes, including the resignation of Zvi Lando as CEO. The company has appointed former CFO Ronen Faier as interim CEO, with Ariel Porat, Senior VP of Finance, stepping in as CFO as previously announced.

U-BX Technology Ltd (UBXG)

+31.49%

Gapping up after trading sharply lower throughout Friday’s session. The stock, which closed its IPO on April 1, 2024, gapped down on Friday as traders circulated speculation that the company had a high short float; as of Monday, U-BX appears to have a short float of 0.10% out of a total of 15.41 million shares.

MEDIROM Healthcare Technologies (MRM)

+174.60%

Trading higher premarket after announcing the formation of a capital and business alliance between its subsidiary, MEDIROM MOTHER Labs, and NFES Technologies. The stock has a float of 2.91 million shares.