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

0830 - PPI y/y for January: Expected 3.3%; Prior 3.3%
0830 - PPI m/m for January: Expected 0.3%; Prior 0.2%
0830 - Core PPI y/y for January: Expected 3.3%; Prior 3.5%
0830 - Core PPI m/m for January: Expected 3.3%; Prior 3.3%
0830 - Initial jobless claims: Expected 215.5k; Prior 219k

Reddit Inc (RDDT)

-12.00%

The company reported 101.7 daily active uniques (DAUq) for Q4 2024, up 39% year-over-year but below the expected 103.1 million. CEO Steve Hoffman attributed the miss to a recent Google search algorithm update which temporarily impacted the platform’s traffic, particularly among logged-out U.S. users. Reddit posted earnings of $0.36 per share and sales of $427.1 million, marking year-over-year gains in both metrics and beating estimates of $0.25 and $405.26 million, respectively. The company also guided higher-than-expected revenue.

Tesla Inc (TSLA)

+1.79%

Trading higher premarket after breaking its five-day red streak with an up day on Wednesday. However, the stock dropped into the close after Charlie Gasparino of Fox Business reported that Elon Musk has told people that he is spending at least four months focusing on his work at the Department of Government Efficiency (DOGE). Wedbush analyst Dan Ives remains bullish on Tesla, maintaining his $550 price target despite concerns over Musk’s possible lack of focus, while Miller Tabak’s Matt Maley expressed concerns that Musk’s divided attention may challenge Tesla’s future.

Robinhood Markets Inc (HOOD)

+11.75%

Gapping up after a stronger-than-expected Q4 2024 report, with GAAP earnings of $1.01 per share beating estimates of $0.42 and sales of $1.014 billion beating estimates of $944.624 million. Revenue reached record highs and grew 115% year-over-year, aided by a more-than-700% increase in crypto revenue; options and equities revenues also grew by 83% and 144%, respectively. Robinhood Gold subscribers reached a record of 2.6 million, up 86% year-over-year. For fiscal 2024, Robinhood’s revenue grew by 58% year-over-year.

Intel Corp (INTC)

+0.40%

On watch after rallying for two straight days. Baird analyst Tristan Gerra wrote that supply chain analysis suggests that the U.S. government could be pushing for a joint venture between Intel and TSMC to strengthen domestic chip manufacturing. The rumored deal, which could qualify for CHIPS Act funding, comes as Intel struggles with declining revenue, AI chip competition, and leadership changes.

Datadog Inc (DDOG)

-9.51%

Gapping down after its Q4 earnings report. Adjusted earnings of $0.49 per share beat estimates of $0.44, and sales of $738 million beat estimates of $714.536 million. The company guided Q1 adjusted earnings between $0.41 and $0.43 per share, below estimates of $0.46, and projected revenue between $737 million and $741 million compared to estimates of $740.29 million. Adjusted EPS and revenue estimates for the fiscal year both missed estimates.

Crocs Inc (CROX)

+18.20%

Gapping up after its Q4 2024 earnings report, with adjusted earnings of $2.52 per share and sales of $989.773 million beating estimates of $2.26 and $961.921 million, respectively. The company reported a 4% year-over-year increase in revenues for the Crocs brand, while HEYDUDE revenue was flat on a year-over-year basis. Crocs guided adjusted earnings between $12.70 and $13.15 per share for fiscal 2025, above estimates of $12.58, and projected 2% to 2.5% revenue growth over the same period. The company also announced a $1 billion increase to its buyback program.

Super Micro Computer Inc (SMCI)

-2.09%

Trading lower premarket after announcing the pricing of a $700 million private placement. The placement involves 2.25% convertible senior notes, which are due 2028. The company also amended the terms of notes due in 2029, valued at $1.725 billion. Super Micro traded sharply higher on Wednesday following its preliminary earnings report, during which the company said it is on track to file its 10-K forms ahead of the Nasdaq delisting deadline.

AppLovin Corp (APP)

+27.52%

Gapping up after reporting Q4 2024 earnings. GAAP earnings of $1.73 per share beat estimates of $1.25 and sales of $1.372 billion beat estimates of $1.264 billion. Apps revenue dropped 1% on a year-over-year basis but total revenue grew by 44%, with free cash flow at the end of the quarter totaling $741.4 million. The company guided Q1 2025 revenue between $1.335 billion and $1.385 billion, above estimates of $1.319 billion.

Cisco Systems Inc (CSCO)

+6.33%

The company posted Q2 2025 adjusted earnings of $0.94 per share and sales of $13.991 billion, exceeding expectations of $0.91 and $13.847 billion, respectively. Product orders climbed by 29% year-over-year, with AI infrastructure orders exceeding $350 million. For fiscal Q3, Cisco guided adjusted earnings between $0.90 and $0.92 per share, compared to estimates of $0.90, and projected revenue between $13.9 billion and $14.1 billion, beating estimates of $13.865 billion. Its EPS and revenue guides for the fiscal year also exceeded estimates.

Baidu Inc (BIDU)

+1.81%

Trading higher with volume premarket after CNBC reported that the company plans to launch its next-generation AI model, Ernie 5.0, in the second half of 2025. The timing of the launch is designed to help the company stay competitive amid rising AI competition from firms like DeepSeek. The new model will reportedly feature enhanced multimodal capabilities. Baidu also aims to attract users by offering its current chatbot for free starting in April.