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

0830 - Initial jobless claims: Expected 224k; Prior 231k
1000 - Existing home sales for January: Expected 4.16M; Prior 4.35M
1000 - Existing home sales m/m for January: Expected -4.3%; Prior 5.1%
1900 - Fed’s Logan and Fed’s Miran speak

Memory Stocks

+4.33%

Trading sharply higher as a group after Kioxia issued much stronger-than-expected guidance. The company posted solid quarterly results and forecast sharply higher fourth-quarter revenue and profits, noting its entire 2026 NAND production capacity is already sold out. This update follows Micron’s participation in a Wolfe Research conference on Wednesday, during which Micron signaled strong demand and reinforced expectations of tight flash memory supply through 2026

MU, SNDK, WDC, STX

Crypto Stocks

+1.04%

Trading higher premarket in tandem with a bounce in Bitcoin, which is poised to break a three-day losing streak. The cryptocurrency traded as low as $65,700 on Wednesday before recovering to close near $67,000. Bitcoin is trading around the $68,000 level as of Thursday at 7:00 AM ET. Additionally, Coinbase is on watch ahead of its post-market earnings report on Thursday; analysts are looking for the company to post earnings of $0.61 per share and sales of $1.85 billion. Moness Crespi Hardt cut Coinbase’s rating to Sell from Buy ahead of the report.

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

Cisco Systems Inc (CSCO)

-6.91%

Gapping down after its Q2 2026 earnings report. Adjusted EPS of $1.02 and sales of $15.349 billion beat estimates of $1.02 and $15.115 billion, respectively. Product revenue grew by 14% while services revenue dropped by 1%, with total revenue growing by 10% year-over-year for the quarter. The company raised its adjusted EPS and sales projections for fiscal 2026, beating estimates for both metrics. Cisco provided in-line guidance for Q3 2026, though its sales outlook of $15.4 billion-$15.6 billion for the same period outpaced estimates of $15.184 billion.

NVIDIA Corp (NVDA)

+1.10%

The government of Taipei City confirmed that the company plans to build a major new Taiwan headquarters in Taipei’s Beitou-Shilin Technology Park. The project is expected to cost over $1.3 billion, create more than 10,000 jobs, and strengthen Taiwan’s role as a global AI and semiconductor hub. The deal includes a long-term land lease and reflects Nvidia’s broader expansion in the region, supported by government approval and potential collaboration with industry leaders like TSMC.

Apple Inc (AAPL)

-0.20%

Data from Counterpoint Research indicates that the company’s iPhone was the only major smartphone to post sales growth in China in January, rising 8% with the iPhone 17 lineup despite an overall market decline of 23% that hit Chinese rivals like Huawei and Xiaomi. The gains boosted Apple’s market share to about 20%, supported by government subsidies for the base iPhone 17 model and strong demand following its recent launch.

AppLovin Corp (APP)

-6.31%

Gapping down after its Q4 2025 earnings report. Earnings of $3.24 per share beat estimates of $2.95, while sales of $1.658 billion exceeded expectations of $1.602 billion and represented 66% year-over-year growth. The company guided Q1 sales between $1.745 billion and $1.775 billion, above estimates of $1.694 billion.

AST SpaceMobile Inc (ASTS)

-9.20%

Gapping down after announcing a $1 billion private offering of convertible senior notes due 2036. The notes carry a 2.25% interest rate and a conversion price of about $116.30 per share, a roughly 20% premium to the recent stock price, with an option for buyers to purchase an additional $150 million in notes. Approximately 28.25% of the stock’s float is sold short.

Tesla Inc (TSLA)

+0.50%

Data from the China Passenger Car Association (CPCA) shows that the company exported 50,644 vehicles from its Shanghai factory last month, its second-best month in history after October 2022. This number grew by 71.5% year-over-year and more than 1400% sequentially. Tesla’s sales within China for January 2026, however, hit their lowest level since November 2022 with 18,485 vehicles sold during the month; this figure represents a 45% annual decline and a 80.3% sequential decline.

Alibaba Group Holding Ltd (BABA)

-0.75%

The South China Morning Post reported that Chinese consumers increasingly adopted AI-powered shopping during the Lunar New Year, placing over 120 million orders on Alibaba’s Qwen platform in six days. This surge was boosted by a $431 million incentive campaign and strong uptake in rural areas and among older users. The report highlights intensifying competition among Chinese tech firms and signals a broader shift toward AI-driven commerce as a mainstream consumer behavior.

McDonald’s Corp (MCD)

+0.25%

On watch after its Q4 2025 earnings report. Adjusted earnings of $3.12 per share beat estimates of $3.04, and sales of $7.009 billion topped expectations of $6.835 billion. Global comparable sales grew by 5.7% year-over-year for Q4, while global systemwide sales grew by 7% for the fiscal year. By the end of FY 2025. the company had almost 210 million 90-day active loyalty users, representing 19% year-over-year growth.

Applied Materials Inc (AMAT)

-1.42%

The company agreed to pay a $252 million settlement with the U.S. Department of Commerce for illegally exporting chipmaking equipment to China’s SMIC without required licenses. Applied Materials and its South Korean subsidiary made 56 unauthorized shipments in 2021–2022, involving about $126 million worth of equipment. Analysts are expecting the company to post earnings of $2.19 per share and sales of $6.86 billion when it reports earnings after the close on Thursday, February 12.

Crocs Inc (CROX)

+13.02%

Gapping up after its Q4 2025 earnings report, with adjusted earnings of $2.29 per share and sales of $957.64 million beating estimates of $1.90 and $922.327 million, respectively. The company guided adjusted earnings between $12.88 and $13.35 per share for FY 2026, well above estimates of $12.10. Crocs projected adjusted EPS of $2.67-$2.77 for Q1 2026, compared to estimates of $2.52, and expects revenue to decline by 3.5% to 5.5% for the same period.

QuantumScape Corp (QS)

-8.84%

Gapping down after the company’s Q4 2025 earnings report. Losses of $0.17 per share narrowly beat estimates of an $0.18-per-share loss. Capital expenditures were reported at $36.3 million for the fiscal year, with Q4 capital expenditures reported at $12.3 million. The company guided capital expenditures between $40 million and $60 million for FY 2026.

Oscar Health Inc (OSCR)

+4.19%

Trading sharply higher premarket after Raymond James upgraded the stock to Outperform with a price target of $18, citing attractive valuation and expectations of margin recovery and earnings growth as the ACA market stabilizes. The firm expects improved pricing, lower medical costs, and operating efficiencies to drive margin expansion and help the company reach about $1.77 GAAP EPS by 2027.

Fastly Inc (FSLY)

+48.87%

Gapping up after reporting Q4 2025 earnings. Adjusted earnings of $0.12 per share and sales of $172.612 million surpassed estimates of $0.06 and $161.362 million, respectively. Remaining performance obligations spiked by 55% year-over-year. The company guided sales of $168 million-$174 million for Q1 2026 and $700-$720 million for FY 2026, beating analyst estimates for both periods. Its adjusted EPS projections for both reporting periods also exceeded expectations.