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

0830 - Initial jobless claims: Expected 221k; Prior 219k
0830 - Continued jobless claims: Expected 1.89M; Prior 1.91M
0945 - S&P manufacturing PMI (final) for December: Expected 48.3; Prior 48.3
1000 - Construction spending m/m for November: Expected 0.3%; Prior 0.4%

Tesla Inc (TSLA)

+1.48%

On watch ahead of the release of its Q4 deliveries, expected on Thursday, January 2. The company is expected to post record deliveries for the quarter, with the consensus estimate of 506,763 vehicles surpassing Tesla’s previous record of 484,506 deliveries in Q4 2023. However, Tesla needs to have delivered 515,000 vehicles this quarter to meet its goal of 1.8 million deliveries in 2024. Additionally, the company’s all-wheel drive Cybertruck has been made eligible for the $7,500 EV tax credit in the US.

Crypto Stocks

+3.98%

Trading sharply higher as a group amid a rebound in the price of Bitcoin. The cryptocurrency reached a low of $92,000 on Tuesday but closed higher on the day, followed by a strong session on Wednesday. Bitcoin opened Thursday’s session just above $94,000 and is currently trading above the $96,500 level. Ethereum is similarly strong, trading just below $3,500.

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

Unity Software Inc (U)

+9.21%

Gapping up following another post from Keith “Roaring Kitty” Gill which led to speculation that Gill has invested in the company. Gill posted a gif from a Dave Chappelle skit in which he impersonates Rick James; the skit references the Rick James song “Unity”. The stock previously rallied on a post from Gill in early December that made reference to the 2006 Time “Person of the Year” Cover; the person of the year was “You”, a possible reference to Unity’s stock ticker.

Apple Inc (AAPL)

+0.23%

The company is offering discounts of up to 500 yuan ($68.50) on iPhone 16 models in China during a rare promotional event from January 4 to 7, as reported by Reuters. The discounts aim to combat growing competition from local brands like Huawei, Vivo, and Xiaomi. While Apple's premium models have driven a significant sales boost, the discounts reflect efforts to maintain momentum in a highly competitive market.

NVIDIA Corp (NVDA)

+1.62%

The Financial Times reported that the company invested $1 billion across 50 startup funding rounds in 2024, a 15% increase from its investments in 2023. The funding targeted core AI technology companies, including the acquisition of several AI software firms. This aggressive strategy aligns with rising demand for its GPUs but has drawn scrutiny from antitrust regulators concerned about potential market exclusivity.

SoFi Technologies Inc (SOFI)

-1.23%

Trading lower premarket after Keefe, Bruyette & Woods (KBW) downgraded the stock to Underperform. Despite raising its price target for the stock from $7 to $8, the analyst cited concerns over the stock’s valuation and noted that its ambitious 2026 earnings guidance appears challenging to achieve. KBW also warned of a 46% potential downside for SoFi, projecting that the required revenue growth and margin improvements are unlikely before 2028.

Chinese EVs

+0.57%

On watch as a group after releasing delivery numbers for December 2024. Li reported a 16.2% year-over-year increase in December deliveries, bringing its 2024 total to 500,508 vehicles. Nio and Xpeng reported increases of 72.9% and 82%, respectively, for December, leading their Q4 and 2024 numbers to jump by more than 30% each. Meanwhile, ZEEKR’s deliveries increased by 102% in December and by 87% in 2024.

LI, NIO, XPEV, ZK

Rigetti Computing Inc (RGTI)

+8.06%

Gapping up amid a period of increased volatility and retail attention. The stock, which gapped up on Tuesday before closing sharply red on the day, has been on watch along with other quantum names since Google announced Willow, its quantum chip. Rigetti has a market capitalization of $4.62 billion and a 16.87% short float.

Revelation Biosciences Inc (REVB)

+160.30%

Gapping up on no apparent news catalyst. The company announced a agreement to exercise outstanding warrants for $4 million on December 3, causing the stock to close 46% lower on the day. Revelation, which has rallied in the past, has a float of 4.28 million shares and a market capitalization of $9.19 million.