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

0830 - Continuing Jobless Claims: Expected 1.97M; Prior -1.972M
0830 - Initial jobless claims: Expected 231k; Prior 235k
0830 - GDP for Q2: Expected 3.0%; Prior -0.5%
1000 - Pending Home Sales for July MoM: Expected -0.4%; Prior -0.8%
1300 - 7 Year Note Auction: Prior 4.092%
1600 - Fed’s Waller Speaks

NVIDIA Corp

-1.80%

Trading slightly lower despite posting earnings beats on the top and bottom lines as EPS came in $1.05 vs 1.01 expected and revenues grew 56% year over year at $46.74B vs 46.02B. Weighing on the stock was Data Center revenue that come in lower than expectations slightly at $41.1B vs 41.34B estimated. In addition to this no H20 chips were sold to China all quarter According to CFO Collette Kress if the political environment permits they could ship $2 to 5B in the quarter could be solid. CEO Jensen Huang remained optimistic sales to China could still happen.

Crowdstrike Holdings Inc.

-3.92%

CrowdStrike ($CRWD) slid over 6% in after-hours despite topping Q2 expectations with EPS of $0.93 vs $0.83 est. and revenue of $1.17B vs $1.15B est., as guidance came in soft and concerns linger from 2024’s global IT outage and ongoing Delta litigation. Annual recurring revenue (ARR) rose 20% YoY to $4.66B with net new ARR at $221M vs $202M est., but analysts warn renewals may face pricing pressure as customers seek discounts. Q3 revenue guidance of $1.208B–$1.218B was slightly below Street’s $1.228B, raising caution. Despite being up 20% YTD, traders are eyeing near-term downside pressure with ARR resilience vs. legal and contract renewal risks as the key swing factors.

CRWD, PANW, ZS, FTNT

Snowflake Inc. (SNOW)

13.53%

Snowflake posted strong second-quarter results after the close on Wednesday, topping Wall Street expectations. Revenue rose 32% year-over-year to $1.14 billion, ahead of estimates of $1.09 billion, while adjusted earnings of 35 cents per share also beat forecasts of 27 cents. Product revenue reached $1.09 billion, up 32% from a year ago, with a net revenue retention rate of 125%. Looking ahead, Snowflake guided for third-quarter product revenue between $1.125 billion and $1.13 billion, reflecting 25.5% growth. The company also raised its full-year product revenue outlook to $4.395 billion, representing 27% growth over last year.

Dollar General (DG)

6.5%

Shares of the Retailer are trading at highs on the year after reporting better than expected EPS and sales while also raising full year Guidance from $5.20-5.80 to $5.80-$6.30. Revenue guidance was also raised to from $42.12B-42.52B to 42.36B-42.65B. EPS beats came in at $18.6 vs $1.57 estimates in addition to a small revenue beat. Same store sales also grew $2.8%

NVDA, TSM

Dick’s Sporting Goods Inc.

-0.89%

$DKS jumped after beating Q2 expectations with EPS $4.38 vs. $4.32 est. and revenue $3.65B vs. $3.63B, driven by a strong 5% comp-sales gain, and raised FY EPS guidance to $13.90–$14.50 with comps expected +2%–3.5%. Revenue outlook of $13.75B–$13.95B came in a touch light vs. $14B est., while investors eye next month’s $2.4B Foot Locker acquisition, which could cement Dick’s as the #1 U.S. footwear retailer but carries risk given Foot Locker’s weak sales (-2.4% in Q2) and $38M loss. Watch the 10 a.m. ET call for integration details—stock could see volatility as traders weigh margin expansion momentum against merger execution risk.

Tesla Inc.

-0.63%

Tesla’s European registrations fell 40% YoY in July to 8,837 units — its 7th straight monthly decline — even as EV sales overall rose, highlighting lost market share to Chinese rival BYD, which surged 225% YoY to 13,503 units. Tesla faces brand headwinds from Musk’s rhetoric, lack of new model refreshes, and weak Cybertruck reception, while investors await its lower-cost EV slated for late 2025. Meanwhile, BYD and other Chinese brands are rapidly scaling in Europe with record 5% market share, pressuring Tesla and global peers. Expect volatility in $TSLA as traders weigh short-term sales weakness against long-term AI/robotics narratives.

Best Buy Co. Inc.

-0.60%

Best Buy ($BBY) beat Q2 expectations with EPS of $1.28 vs. $1.21 est. and revenue of $9.44B vs. $9.23B est., posting its strongest same-store sales growth in 3 years (+1.6% vs. -0.5% est.), but shares slipped 1% premarket as management reiterated, rather than raised, full-year guidance ($41.1B–$41.9B rev., $6.15–$6.30 EPS). While CEO Corie Barry highlighted tech innovation and omni-channel execution as key growth drivers, tariff uncertainty and a flat outlook for Q3 comps tempered sentiment. Watch for intraday volatility on tariff news and consumer spending trends, with holiday season guidance likely the next big catalyst.

Calibercos Inc. (CWD)

66.79%

CaliberCos ($CWD) announced a new blockchain-based treasury strategy focused on acquiring Chainlink (LINK) tokens to generate long-term yield through staking, making it one of the first U.S. public companies to adopt this approach. The move signals Caliber’s push to merge digital and real-world assets, leveraging existing cash reserves and equity securities to fund acquisitions. Traders should watch for speculative momentum in both $CWD and LINK on blockchain adoption headlines, with potential volatility tied to broader crypto sentiment.