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

0830- Fed’s Hammack Speaks
1035 - Fed’s Goolsbee Speaks

Broadcom Inc (AVGO)

-5.9%

Broadcom exceeded fourth-quarter expectations for both earnings and revenue, primarily fueled by a surge in demand for artificial intelligence technology. Despite a strong fiscal first-quarter forecast of $19.1 billion, the stock price dropped over 4% during the subsequent earnings call where it was warned that Gross margins are expected to decline by about 100 Basis points in the next quarter CEO Hock Tan highlighted that AI chip sales are expected to double this quarter to $8.2 billion, driven by both custom chips and networking semiconductors. Also Tan stated they would not give full year guidance and revealed the mystery $10b client is Anthropic

Lululemon Athletica (LULU)

9.26%

Lululemon shares rose after the company beat third-quarter expectations with earnings of $2.59 per share on $2.57 billion in revenue. Despite 33% growth in international markets, the company faced a 2% revenue decline in the Americas, highlighting a regional divide in performance. Alongside the financial results, Lululemon announced that CEO Calvin McDonald will step down in early 2026, with the CFO and CCO stepping in as interim leaders. To boost shareholder value, the board approved a $1 billion increase to its stock repurchase program. Looking ahead, the company raised its full-year guidance for both revenue and earnings, citing an encouraging start to the holiday season..

Cannabis Stocks (MSOS)

35.11%

Gapping higher as a group after it was reported by the Washington Post that President Trump is planning to order the reclassification of Marijuana as a Schedule III Drug. This would align it with Prescription Painkillers.

TLRY, CGC, SNDL

Semiconductor Stocks

-%

Trading lower as a group in response to Broadcom’s earnings drop and the weakness in Oracle yesterday. This despite a report from Bloomberg that China is preparing $70B in chip sector incentives. Hit particularly hard are memory names Sandisk which is down over 3% in early trade

MU, NVDA, AMD, SNDK, SMCI, INTC

Fermi (FRMI)

-34%

Gapping down significantly after the company discloses its AICA Agreement Termination and Continued Lease negotiations at Project Matador. This according to a Reuters report

Jiuzi Holdings (JZXN)

62.3%

On watch after the 50M float company signed an MOU that will increase private placement financing up to $1b. Doing significantly increased volume premarket