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

1000 - Wholesale inventories m/m (revised) for October: Expected 0.2%; Prior 0.2%
1000 - NY Fed inflation expectations for November: Prior 2,9%

Palantir Technologies Inc (PLTR)

+5.59%

Trading sharply higher premarket after forming a consortium with Anduril. This partnership is focused on ensuring the U.S. government leads in artificial intelligence by providing advanced technological infrastructure, according to a press release. The company also announced that it has expanded its contract with the US Special Operations Command. The expanded contract, which lasts one year, is valued at $36.8 million.

NVIDIA Corp and Advanced Micro Devices

-1.52%

Both semiconductor stocks are trading lower premarket with individual catalysts. Nvidia is trading lower after Reuters reported that the China's market regulator is investigating the company over alleged violations of the country's anti-monopoly law. This move follows the U.S.'s latest crackdown on China's semiconductor industry, which imposed export restrictions on 140 companies. Meanwhile, Advanced Micro Devices was downgraded from Buy to Neutral by B of A Securities, and its price target was cut from $180 to $155.

NVDA, AMD

Tesla Inc (TSLA)

+2.22%

The stock briefly breached the key $400 level premarket after the company unveiled its planned Model Q vehicle. The car, aimed at the Chinese market, would cost under $30,000 and compete with vehicles like BYD’s Dolphin and Volkswagen’s ID 3. Tesla’s stock has surged since the election of Donald Trump and was especially strong during the first week of December, with analysts like B of A Securities and Roth MKM raising their price targets for the stock.

Super Micro Computer Inc (SMCI)

+8.24%

Super Micro has been granted an extension by Nasdaq, giving the company until February 25, 2025 to file its Form 10-K for fiscal 2024 and its Form 10-Q for Q1 2025. Last week, the company announced that an independent investigation into its board found no evidence of wrongdoing. Lynx Equity raised its price target for the stock from $45 to $60 following the extension announcement, saying that “many investors are likely to return” to the stock.

Chinese ADRs

+7.97%

Trading sharply higher as a group following a strong overnight session in China, with the Hang Seng China Enterprises Index gaining 3.1% for its best one-day performance since October 18. The rally began after China’s top leaders pledged to ease monetary policy, expand fiscal spending, and stabilize property and stock markets. Bond yields hit record lows as the market rallied, and the offshore yuan strengthened slightly against the dollar.

BABA, JD, PDD, BIDU, BILI, LI, XPEV, NIO, ZK, FXI, KWEB

Crypto Stocks

-2.78%

Trading lower premarket in tandem with a drop in Bitcoin, which cracked below $100,000 on Monday morning. Bitcoin is trading below $98,500 as of Monday morning, while Ethereum is trading below $3900. Separately, Coinbase is on watch after Needham raised its price target for the stock from $375 to $420.

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

PayPal Holdings Inc (PYPL)

+2.08%

Trading higher premarket after being upgraded by B of A Securities. The analyst increased its rating for the stock to Buy from Neutral and raised its price target to $103 from $86.

Reddit Inc (RDDT)

+5.14%

Gapping up following a positive analyst note from Morgan Stanley, which raised his price target for the stock from a street low of $70 to a street high of $200. Morgan Stanley remains optimistic about Reddit’s potential despite failing to raise its price target earlier, citing rapid progress in engagement and advertising initiatives.

SoFi Technologies Inc (SOFI)

-1.94%

Trading lower premarket after receiving a downgrade from B of A Securities. The analyst lowered its rating for SoFi from Neutral to Underperform while maintaining a price target of $12.

Quantum Stocks

+12.44%

Several tickers in the group are gapping up amid continued strength in the quantum space. This sector-wide rally began in early November, following the election of Donald Trump as President of the United States. D-Wave Quantum (QBTS) was particularly strong on Friday after CEO Dr. Alan Baratz appeared on a Fox Business segment.

QBTS, QUBT, RGTI, IONQ