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

0945 - S&P manufacturing PMI for November: Expected 51.9; Prior 51.9
1000 - ISM manufacturing PMI for November: Expected 49; Prior 48.7
2000 - Fed Chair Powell speaks

Crypto Stocks

-3.35%

Trading sharply lower as a group in tandem with a decline in Bitcoin. The cryptocurrency opened Monday’s session above $90,000 but is trading near $86,000 as of Monday morning at 7:05 AM ET. The drop occurred as Japan’s long-term interest rates jumped to their highest levels in decades, putting pressure on popular yen-based trading strategies. Additionally, Nikkei reported that Japan is considering a flat 20% tax on crypto profits, similar to taxes on stock gains.

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

NVIDIA Corp (NVDA)

-1.38%

Seaport Global reiterated a Sell rating and $140 price target on the stock. The analyst warned that rising competitive pressure—particularly from Google’s TPUs—is pushing the company to rely on increasingly aggressive sales mechanisms, cloud compute agreements, and large customer investments that aren’t fully visible in its financials. The firm argues these commitments function like rebates that could cut gross margins by roughly 400 basis points next year.

Intel Corp (INTC)

-1.60%

The stock closed more than 10% higher on Friday after analyst Ming-Chi Kuo said the company is gaining real traction toward manufacturing Apple’s next-gen M chips, with Apple already testing Intel’s advanced 18AP process and expecting key updates in early 2026. While initial orders are modest and won’t threaten TSMC, Kuo says the strategic win signals Intel may be past its worst phase and could secure more Apple and other high-end customers in the future.

Tesla Inc (TSLA)

-1.60%

Trading lower premarket after the company’s November registrations plunged by roughly half in France, Denmark, and Sweden, signaling continued market share losses in Europe despite updated Model Y versions. Norway was a notable exception, with registrations nearly tripling to 6,215. Tesla also broke Norway’s annual sales record with one month left in the year; the company has sold 28,806 vehicles in Norway thus far in 2025, above VW’s record of 26,575 vehicles in 2016.

Alphabet Inc and Amazon.com Inc

-0.83%

On watch as a pair after the companies Alphabet and Amazon jointly launched a new multicloud networking service that lets customers create private, high-speed connections between AWS and Google Cloud in minutes instead of weeks. The move comes after a major AWS outage in October which underscored the need for more reliable cross-cloud connectivity. Separately, the Economic Daily reported that Google is partnering with Foxconn to produce AI servers built around its TPUv7 Ironwood, with Foxconn supplying a dedicated compute-tray rack for every TPU rack in a 1:1 configuration.

GOOGL, AMZN

Apple Inc (AAPL)

-0.63%

The company is challenging India’s antitrust law that allows penalties based on a company’s global revenue, arguing it could face disproportionate fines of up to $38 billion for conduct that occurred only in the Indian market. The move escalates tensions with New Delhi as regulators finalize a ruling following complaints from Match and Indian startups over Apple’s in-app fee practices.

Canadian Solar Inc (CSIQ)

+13.78%

CSI Solar is transferring key manufacturing assets to its Nasdaq-listed parent Canadian Solar, as per a report from Bloomberg. This move would allow the company to maintain access to the US market under new “foreign entity of concern” rules. The shift gives Canadian Solar 75.1% ownership of three overseas plants supplying the U.S. with 3 GWh of storage, 2.9 GW of batteries, and 8 GW of wafer-slicing capacity.

Barrick Mining Corp (B)

+4.31%

Trading sharply higher premarket after announcing that its board requested that company management consider an IPO of a North America-focused gold entity combining its Nevada Gold Mines, Pueblo Viejo JVs, and the fully owned Fourmile discovery. The company plans to sell only a small minority stake while retaining control.

Micron Technology Inc (MU)

-2.11%

On watch after Nikkei reported that the company is planning to invest $9.6 billion to build a new high-bandwidth memory (HBM) chip plant in Hiroshima. Construction is set to start in May 2026, with shipments expected around 2028. Japan may subsidize up to 500 billion yen. According to the report, Micron is expanding is production beyond Taiwan in order to satisfy surging AI-driven HBM demand and better compete with SK Hynix.

The Boeing Company (BA)

+0.85%

Reuters reported that Airbus, Boeing’s European competitor, found a quality issue with fuselage panels on dozens of its A320-family aircraft, delaying some deliveries but not affecting planes already in service. The announcement follows a recent software glitch affecting the same fleet. Airbus’ stock is dropping sharply in the European markets, while Boeing is trading marginally higher premarket.

Q32 Bio Inc (QTTB)

+78.54%

Gapping up after selling its Phase 2 complement inhibitor ADX-097 to Akebia Therapeutics for a $12 million upfront payment. Q32 Bio may also earn up to $592 million in milestone payments plus royalties from future sales. The stock has a market capitalization of $27 million and a float of 4.55 million shares, approximately 6.1% of which are sold short.