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

0830 - PCE price index y/y for October (tentative): Prior 2.8%
0830 - PCE price index m/m for October (tentative): Prior 0.3%
0830 - Core PCE price index y/y for October (tentative): Prior 2.8%
0830 - Core PCE price index m/m for October (tentative): Prior 0.2%
0830 - Personal income m/m for October (tentative): Prior 0.4%
1000 - UMich consumer sentiment for December: Expected 53.5; Prior 53.3
1000 - Existing home sales for November: Expected 4.15M; Prior 4.1M

Oracle Corp (ORCL)

+4.47%

The Associated Press reported that TikTok has signed a binding deal to form a new US-based joint venture with investors including Oracle, Silver Lake, and MGX. The deal, which is expected to close on January 22, shifts majority ownership and governance to U.S. entities while reducing ByteDance’s stake to 19.9%. The new structure includes US-controlled data storage, a majority-American board, and a domestically retrained algorithm, aiming to resolve long-running national security concerns and avoid a US ban.

Nike Inc (NKE)

-10.41%

Gapping down after its Q2 2026 earnings report. Earnings of $0.53 per share beat estimates of $0.38, while sales of $12.427 billion beat estimates of $12.22 billion. Greater China revenue sunk by 17% year-over-year. During its conference call, company management noted that Nike.com had its best-ever Black Friday performance this year.

NVIDIA Corp (NVDA)

+1.11%

Reuters reported that the Trump administration has launched a review that could allow Nvidia to begin shipping its H200 AI chips to China, marking the first such approval and aligning with Trump’s pledge to permit the sales while collecting a 25% fee. The plan aims to keep US firms competitive but has sparked bipartisan criticism from China hawks who warn it could bolster China’s military and undermine US AI leadership.

CoreWeave (CRWV)

+5.36%

Gapping up after announcing that it has joined the US Department of Energy’s Genesis Mission. The national initiative aims to link supercomputing, research facilities, and large-scale datasets to accelerate scientific discovery, energy innovation, and national security research. As part of the effort, CoreWeave will provide its purpose-built AI cloud to support advanced scientific workloads, reinforcing its growing push into public-sector and federal AI infrastructure.

Crypto Stocks

+3.25%

Trading higher as a group in tandem with a bounce in Bitcoin. The cryptocurrency cracked below the $85,000 level on Thursday but has recovered to surpass $88,000 as of Friday morning. This rebound comes amid weakness in the yen following Bank of Japan’s decision to hike rates by 25 basis points; Japan’s interest rate is now at a nearly three-decade high of 0.75%.

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

Meta Platforms Inc (META)

-0.29%

The Wall Street Journal reported that the company is developing a new image- and video-focused AI model dubbed Mango alongside its next text LLM, Avocado. Meta reportedly plans on releasing these models in the first half of 2026, with a major emphasis on stronger coding capabilities and visual “world model” learning. The push follows a major AI team overhaul under Chief AI Officer Alexandr Wang as Meta ramps up competition with OpenAI and Google in high-engagement image and video generation.

Apple Inc (AAPL)

-0.29%

A US appeals court has decided to consider whether Apple customers can revive a massive class action accusing the company of monopolizing the App Store and inflating prices. The update comes after a trial judge decertified the case earlier this year. The lawsuit involves nearly 200 million consumers seeking about $20 billion in alleged overcharges tied to Apple’s App Store rules.

BlackBerry (BB)

-5.77%

Trading sharply lower premarket after its Q3 2026 earnings report. Adjusted earnings of $0.05 per share narrowly beat estimates of $0.04, while sales of $141.8 million exceeded the expected $143.393 million. The company guided Q4 earnings of $0.03 to $0.05 per share and projected quarterly revenue between $138 million and $148 million; both projections are in-line with analyst estimates for their respective metrics.

PDD Inc (PDD)

+7.33%

Gapping up after a filing with the SEC revealed that the company has appointed Jiazhen Zhao as the co-chairman of its board. Zhao serves as co-CEO of PDD.

Tesla Inc (TSLA)

+1.16%

Trading higher premarket following a price target increase from Truist. The analyst hiked its price target on Tesla from $406 to $444 but maintained a Hold rating on the stock.

FedEx Corp (FDX)

-0.57%

On watch after its Q2 2026 earnings report. Adjusted earnings of $4.82 per share and sales of $23.5 billion beat estimates of $4.11 and $22.791 billion, respectively. The company raised its FY26 sales guide to $92.36 billion-$93.202 billion, beating estimates of $91.643 billion, and hiked the lower end of its EPS guide for the same period.

Rising Dragon Acquisition Corp (RDAC)

+31.28%

Gapping up after filing an 8-K disclosing an amendment that sharply reduced its monthly SPAC extension fee. The payment was cut from nearly $190,000 per month to the lesser of $100,000 or $0.033 per remaining public share, lowering the post-redemption cost to just about $2,700 per one-month extension. The stock has a float of 5.81 million shares.