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

0830 - NY Fed manufacturing for February: Expected -2; Prior -12.6
1000 - NAHB housing market index for February: Expected 46; Prior 47
1020 - Fed’s Daly speaks

Intel Corp (INTC)

+5.59%

Gapping up after the Wall Street Journal reported that Broadcom and TSMC are considering bids for parts of the company, with TSMC potentially acquiring Intel’s manufacturing facilities. Despite financial struggles, layoffs, and a declining market share in AI, investor optimism is Intel has grown recently. This bullishness for Intel has been driven by reports of potential U.S. government-backed investments and the company’s efforts to stabilize production with its 18A technology node.

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

Super Micro Computer Inc (SMCI)

+4.86%

Trading sharply higher premarket as optimism grows ahead of its deadline for its long-delayed FY2025 10-K filing on February 25. CEO Charles Liang expressed confidence during the company’s recently earnings call that they will be able to meet the deadline; the company risks Nasdaq delisting if they are unable to submit the form in that time. The stock has also been bolstered by the company’s bullish FY2026 revenue projection of $40 billion, a 70% increase from weaker-than-expected FY2025 estimates, despite a disappointing preliminary Q2 2025 report and ongoing legal scrutiny.

Crypto Stocks

-1.34%

Trading lower as a group as Bitcoin continues to trade sluggishly. The cryptocurrency, which is poised for its third straight red day, has not breached the key $100,000 level since February 7, and its last close above that level was on February 3. Bitcoin is trading around $95,750 as of early Tuesday morning, while Ethereum is trading nearly 3% lower and is below the $2,700 level.

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

Tesla Inc (TSLA)

+0.90%

On watch after CEO Elon Musk’s xAI unveiled Grok 3, claiming it significantly outperforms rivals like OpenAI and DeepSeek in math, science, and coding. Musk, who previously indicated that Grok will be available in Tesla vehicles, described the AI as "scary smart" and capable of self-reflection. xAI also introduced “Deep Search,” a next-generation search engine, and promised rapid improvements, including future voice assistance. Separately, Wolfe Research put Tesla on the top of its list of best stocks to short, while Barclays maintained a Hold rating on the stock.

Alphabet Inc (GOOGL)

+0.54%

On watch after the release of 13-F filings for Q4 2024, which show that major investors have taken positions in the company. Citadel Advisors, the hedge fund run by Ken Griffin, increased its stake in Alphabet’s Class A shares (GOOG) and Class C shares (GOOGL) by 134% and 11%, respectively. The fund now holds 1,372,475 shares of GOOG and 992,659 shares of GOOGL. Stanley Druckenmiller’s Duquesne, meanwhile, started a new position in Alphabet which now makes up 0.39% of its portfolio.

Chinese ADRs

+3.05%

Trading sharply higher as a group in tandem with a 1.6% gain for the tech-heavy Hang Seng Index in overnight trading. The rally followed Xi’s high-profile meeting with business leaders, including Jack Ma, signaling a potential shift in Beijing’s approach amid ongoing U.S.-China tensions. Xpeng is particularly strong after becoming the best-selling NEV startup from Feb. 10-16, registering 8,060 vehicles for a 138% week-over-week increase. Baidu, however, is trading lower premarket after its earnings report; the company reported adjusted earnings of $2.63 per American depository share and sales of $4.67 billion, beating estimates of $1.78 and $4.56 billion, respectively.

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

Robinhood Markets Inc (HOOD)

-1.04%

Trading lower premarket after Wolfe Research downgraded the stock from Outperform to Peer Perform, removing its $51 price target. Wolfe’s analyst note indicated that key bullish drivers for Robinhood have already played out and are reflected in the stock’s valuation. The analyst also noted that GAAP EPS estimates have surged over 160% since June 2024 and over 600% in the past year, making the former bull case the new base case.

Quantum Stocks

-3.27%

Trading lower as a group on no particular catalyst. The stocks have seen increased attention from retail investors since Google unveiled its quantum chip in December 2024 and are known for volatility for intraday trades. All of the stocks in this group have notable short floats; Rigetti and Quantum Computing (QUBT) each have short floats of 20% or higher, while IonQ and D-Wave Quantum (QBTS) have short floats of at least 10%.

RGTI, QUBT, QBTS, IONQ

Delta and Southwest

+0.92%

Both airline stocks are on watch with individual catalysts. Delta is trading marginally lower premarket after one of its regional jets flipped over while landing at Toronto Pearson Airport during a snowstorm. The incident involved a CRJ900 aircraft and resulted in the injuries of 18 people, three of whom are critically injured. Separately, Southwest announced plans to cut 1,750 of its corporate and leadership roles, or 15% of its corporate workforce. The company is aiming for $210 million in savings for the rest of fiscal 2025 and $300 million in savings for fiscal 2026.

DAL, LUV

Trump Media & Technology Group Corp (DJT)

-0.99%

On watch after reporting its FY24 results after the bell on Friday. The company reported $776.8 million in cash and short-term and investments at the end of 2024, up from $2.6 million last year. Trump Media also indicated plans to develop into a holding company as it nears the end of its Truth+ video streaming tests and prepares to launch its financial services brand.

Solid Biosciences Inc (SLDB)

+84.13%

Gapping up after reporting positive results from its early clinical trial evaluating its gene therapy treatment for Duchenne muscular dystrophy. Approximately 8% of the stock’s float is sold short.