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

0830 - Import prices m/m for November: Expected -0.2%; Prior 0.3%
0830 - Export prices m/m for November: Expected -0.3%; Prior 0.8%

Broadcom Inc (AVGO)

+14.67%

Gapping up following its Q4 2024 earnings report. Adjusted earnings of $1.42 per share beat estimates of $1.38, but sales of $14.054 billion missed estimates of $13.091 billion. Broadcom reported a record $51.6 billion in revenue for fiscal 2024, representing a 44% increase year-over-year, with AI revenue reaching $12.2 billion. The company guided Q1 2025 revenue of $14.6 billion, slightly below estimates of $14.612 billion.

Apple Inc (AAPL)

+0.18%

On watch after analysts at Morgan Stanley and Baird issued positive notes on the stock. Morgan Stanley maintained an Overweight rating and $273 price target, citing the company's strong near-term outperformance and its potential to achieve over $8.50 in earnings per share by FY26. Despite concerns about near-term demand, the analyst noted that Apple remains its top pick for 2025. Meanwhile, Baird raised its price target for the stock from $240 to $260.

Tesla Inc (TSLA)

+1.20%

The incoming Trump administration is looking to repeal crash reporting requirements from the National Highway Traffic and Safety Association (NHTSA), as reported by Reuters; Tesla has reported over 1500 incidents due to this rule, and is reportedly backing the repeal. Separately, the company launched its "Actually Smart Summon" feature in China. This feature allows drivers to summon their vehicles to specific locations in familiar areas using the Tesla app, provided the vehicle remains within the driver’s line of sight.

Taiwan Semiconductor Manufacturing (TSM)

+2.11%

Trading higher premarket after International Data Corporation (IDC) predicted that the company will grow its revenue by ~25% in 2025, fueled by demand from AI applications and crypto mining. IDC expects that the company will capture a 67% global foundry market share in 2025, up 300 basis points year over year. TSMC is accelerating production of advanced nodes (2-nm, 3-nm, 4-nm, and 5-nm) and aims to double its advanced packaging capacity to 660,000 units in 2025.

Palantir Technologies Inc (PLTR)

+1.71%

Trading higher premarket following a price target increase from Mizuho. The analyst hiked its price target for the stock from $37 to $44 while maintaining an Underweight rating. This is Mizuho’s first price target increase for Palantir since its November earnings report, when the analyst increased the price target from $30 to $37.

Uber Technologies Inc (UBER)

+1.01%

The stock is attempting to rebound premarket following a slight increase on Thursday and a selloff on Wednesday. Wednesday’s selloff was driven by General Motors' decision to wind down its Cruise Robotaxi division, which raised concerns about the broader autonomous vehicle (AV) market. Analysts from Bernstein have noted that the move could disrupt AV partnerships, increasing uncertainty for Uber's AV ambitions.

Upstart Holdings Inc (UPST)

+3.78%

Trading sharply higher premarket following an upgrade from Needham. The analyst raised its rating for Upstart from Hold to Buy and set a $100 price target for the stock. The increase followed investor meetings between Needham analysts and members of Upstart’s executive team, including CFO Sanjay Datta.

Chinese ADRs

-2.93%

Trading lower as a group following the Central Economic Work Conference in Beijing, held from Wednesday to Thursday. The tone at the meeting, which is held to set the policy agenda for the upcoming fiscal year, was viewed as less aggressive than expected. Market participants had high hopes for strong stimulus measures following reports that China was moving towards a “monetary loose” monetary policy, which sent Chinese ADRs sharply higher on Monday.

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

CleanSpark Inc (CLSK)

-3.49%

Trading lower premarket with volume after announcing a $550 million convertible senior notes offering on Thursday evening. The offering of 0.00% notes, due 2030, is aimed at supporting the company’s strategic initiatives. Approximately 23.5% of CleanSpark’s float is sold short.

Loop Industries Inc (LOOP)

+43.73%

Gapping up after Société Générale invested €10 million in Loop Industries via a convertible preferred security at a $4.75 conversion price, coinciding with Loop's inaugural €10 million sale of its Infinite Loop™ technology license. The funds will support the construction of an Infinite Loop™ facility in India, finance operations, and establish a European partnership for deploying the technology.