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

0815 - ADP employment change for November: Expected 5k; Prior 42k
0830 - Export prices m/m for September: Expected -0.1%; Prior 0.3%
0830 - Import prices m/m for September: Expected 0.1%; Prior 0.3%
0945 - S&P composite PMI for November: Prior 54.8
0945 - S&P services PMI for November: Expected 55; Prior 55
1000 - ISM services PMI for November: Expected 52; Prior 52.4

Marvell Technology Inc (MRVL)

+9.94%

Gapping up after its Q3 2026 earnings report, during which the company confirmed that it is acquiring Celestial AI for up to $5.5 billion. Marvell posted adjusted earnings of $0.76 per share and sales of $2.075 billion, beating estimates of $0.73 and $2.068 billion, respectively. The company guided adjusted EPS between $0.74 and $0.84 for Q4 2026, compared to estimates of $0.78, and projected quarterly sales between $2.09 billion and $2.31 billion, compared to estimates of $2.178 billion.

American Eagle Outfitters Inc (AEO)

+13.35%

Gapping up after its Q3 2025 earnings report. Earnings of $0.53 per share beat estimates of $0.44, and sales of $1.363 billion beat estimates of $1.323 billion. Revenue grew by 9% year-over-year, while comparable sales improved by 11%. The company projects operating income between $155 million and $160 million for Q4.

Crypto Stocks

+2.04%

Trading higher as a group as Bitcoin and Ethereum continue to rebound from recent lows. Bitcoin opened Tuesday’s session around the $86,000 level and closed near $91,300 for a 5.8% daily gain, while Ethereum posted a more-than-7% gain on Tuesday. As of 7:10 AM ET, Bitcoin is trading near $92,600, while Ethereum is trading around $3,070. Separately, Strategy is reportedly in discussions with MSCI as the index provider weighs removing the company from its indices in a January 15 decision.

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

Apple Inc (AAPL)

+0.09%

Research firm IDC forecasts that the company will ship a record 247.4 million iPhones in 2025, driven by surging demand for the iPhone 17 lineup—especially in China, where shipments are expected to jump 17% in Q4. Apple’s momentum may be short-lived, however, as a possible delay to the base iPhone 18 could lead to a 4.2% shipment decline the following year.

CrowdStrike Holdings Inc (CRWD)

-1.34%

Trading lower premarket following its Q3 2026 earnings report. The company posted adjusted earnings of $0.96 per share and sales of $1.234 billion, beating estimates of $0.94 and $1.215 billion, respectively. CrowdStrike guided adjusted EPS between $1.09 and $1.11 for Q4 2026, narrowly beating estimates of $1.08, and its quarterly sales guide came in-line with estimates. The company hiked its adjusted EPS and sales projections for the fiscal year, beating estimates for both metrics.

GitLab Inc (GTLB)

-8.92%

Gapping down after its Q3 2026 earnings report. The company posted adjusted earnings of $0.25 per share and sales of $244.353 million, beating estimates of $0.20 and $239.634 million, respectively. GitLab guided adjusted EPS between $0.22 and $0.23 for Q4, in-line with estimates of $0.22; its Q4 sales outlook of $251 million to $252 million fell just short of the $252.654-million estimate. The company raised its adjusted EPS and sales guidance for FY26.

Big Tech

+0.21%

The Financial Times reported that Anthropic is laying the legal and financial groundwork for a potential IPO as early as 2026, hiring Wilson Sonsini and pursuing a new funding round that could lift its valuation above $300 billion. The OpenAI rival has recently attracted massive investments from Microsoft and Nvidia, pushing its valuation higher, though the company says no final decision has been made about going public. The report indicates that OpenAI is also considering an IPO, though the timeline is uncertain.

MSFT, GOOGL, AMZN, NVDA

Oracle Corp (ORCL)

+1.68%

Wells Fargo initiated coverage on the stock with an Overweight rating and a $280 price target, arguing the company is still in the early stages of AI-driven growth despite its recent 29% Q4 pullback. The firm sees Oracle emerging as a major cloud and AI leader, supported by a record ~$500 billion backlog and rapidly expanding OCI market share.

Okta Inc (OKTA)

-4.11%

Trading sharply lower premarket after its Q3 2026 earnings report. The company posted adjusted earnings of $0.82 per share and sales of $742 million, beating estimates of $0.76 and $730.357 million, respectively. Okta guided adjusted EPS between $0.84 and $0.85 for Q4, in-line with estimates of $0.84, with its quarterly sales guide of $748 million-$750 million beating estimates of $737.919 million. The company also raised its adjusted EPS and sales outlook for FY26.

Auto Stocks

+0.23%

On watch as a group after Reuters reported that the Trump administration is preparing to significantly roll back Biden-era fuel economy standards on Wednesday. The NHTSA expected to propose sharply reduced requirements for vehicles built from 2022 to 2031. This move continues a broader pro–gas-powered shift—ending the federal EV tax credit, relaxing emissions rules, and targeting key climate regulations—as Trump aligns policy with traditional automakers and internal-combustion vehicles.

TSLA. GM. F

Macy’s Inc (M)

-5.13%

Trading sharply lower premarket after its Q3 2025 earnings report. The company posted an unexpected profit of $0.09 per share, sharply exceeding estimated losses of $0.14 per share, with quarterly sales of $4.713 billion beating estimates of $4.621 billion. Macy’s hiked its FY25 sales outlook to $21.475 billion-$21.625 billion, compared to estimates of $21.501 billion, and raised its adjusted EPS outlook for the same period to a higher-than-expected range of $2 to $2.20.

Uber Technologies and Nebius Group

+1.45%

Both stocks are trading higher premarket as Nebius’s Avride, backed by Uber, launches an all-electric robotaxi service in Dallas which covers roughly nine square miles across major central neighborhoods. Riders choosing UberX, Comfort, or Comfort Electric may be matched with an Avride at no extra cost. The rides will initially have a safety specialist onboard, though fully driverless rides are expected to be rolled out later.

UBER, NBIS

Powell Max Limited (PMAX)

+36.76%

Gapping up on no apparent news. The stock has a market capitalization of $6.57 million and a float of 1.44 million shares.