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

0900 - S&P/Case-Shiller home price index for y/y December: Expected 4.41%
1000 - CB consumer confidence for February: Expected 102.5; Prior 104.1
1000 - Richmond Fed composite index for February: Expected -3; Prior -4
1145 - Fed’s Barr speaks
1300 - Fed’s Barkin speaks

Crypto Stocks

-4.03%

Trading sharply lower as a group in tandem with significant weakness in Bitcoin, which dropped to a three-month low below $90,000 on Tuesday morning. This drop in Bitcoin, along with the S&P 500’s three-day losing streak, has been attributed by some to profit-taking measures due to market-wide uncertainties. The leading cryptocurrency is now almost 20% removed from its all-time high near $109,000, which was made on January 20, 2025. Separately, crypto stock Riot Platforms reported earnings on Monday evening; the company beat sales estimates for the fiscal year, but their Bitcoin production dropped significantly on a year-over-year basis.

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

Super Micro Computer Inc (SMCI)

+4.30%

Trading sharply higher premarket as traders anticipate the release of the company’s delayed 10-K filing for fiscal 2024. The company risks being delisted from the Nasdaq if they fail to file the 10-K by February 25, 2025. CEO Charles Liang indicated that Super Micro would be able to meet the deadline during their preliminary Q2 2025 earnings report in early February. Super Micro has been under scrutiny by investors and regulators since August 2024, when a short report from the now-defunct Hindenburg Research sounded alarms as to the company’s accounting practices.

Semiconductors

-0.98%

Trading lower as a group after Bloomberg reported that the Trump administration is planning stricter semiconductor restrictions on China. These actions reportedly include encouraging allies like Japan and the Netherlands to expand curbs on companies such as Tokyo Electron and ASML, continuing efforts initiated under Biden. U.S. officials are also reportedly discussing potential sanctions on Chinese firms and considering tighter export controls on Nvidia AI chips, limiting both the type and quantity that can be sold without a license. Additionally, Nvidia is on watch ahead of its post-market earnings report on February 26.

NVDA, ARM, AMD, AVGO, QCOM, MU, MRVL, INTC

Apple Inc (AAPL)

+0.19%

The company has been the subject of significant commentary from analysts following its announcement of a $500 billion AI-related investment in the US. Analysts from UBS expressed skepticism about the investment plan, citing the company’s heavy reliance on an Asian-based supply chain and questioning the feasibility of funding such a large commitment without reducing share buybacks. Other analysts, including short-seller James Chanos, also deemed the plan unrealistic. Deepwater Management’s Gene Munster estimated a more modest $20 billion annual increase in U.S. investments, partially offset by potential tariff savings. Separately, MacRumors reported that the company is in the process of finalizing suppliers for components related to its rumored foldable iPhone.

Tesla Inc (TSLA)

+0.31%

The company’s new vehicle registrations in Europe dropped by 45.2% year-over-year for the month of January, according to data from the European Automobile Manufacturers Association (ACEA). Despite this drop in Tesla registrations, the market share of battery EVs rose from 10.9% to 15% on a year-over-year basis, and the sales of battery EVs in the region grew by 34%. This decline follows Tesla’s first-ever year-over-year decline in global deliveries in 2024.

Chinese ADRs

+3.43%

Bouncing back as a group after selling off sharply on Monday. The sell-off was attributed to a Trump memorandum proposing new restrictions on US-China investments. Others attributed Monday’s weakness to profit-taking following a notable multi-week rally for Chinese ADRs and their overseas counterparts. Additionally, Li Auto is gapping up following the launch of its first fully electric vehicle.

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

PayPal Holdings Inc (PYPL)

+2.70%

On watch ahead of its 2025 investor day, set to kick off at 8:30 AM ET on February 25. The company issued outlook for 2025 to 2027 ahead of the event. PayPal reaffirmed its 2025 non-GAAP earnings growth guidance of 6% to 10% growth. This metric is expected to grow in the mid-teens percentage by 2027 and by over 20% in the longer term.

Hims & Hers Health (HIMS)

-23.43%

Gapping down after its Q4 2024 earnings report. The company reported GAAP earnings of $0.11 per share, in line with analyst estimates, while sales of $481.14 million beat estimates of $470.31 million. Subscribers grew by 45% year-over-year, but gross margin contracted from 83% to 77% on a year-over-year basis. Hims and Hers guided FY 2025 revenue between $2.3 billion and $2.4 billion, above estimates of $2.087 billion.

Tempus AI Inc (TEM)

-13.30%

Gapping down after its Q4 2024 earnings report. Adjusted losses of $0.18 per share came in narrower than the expected $0.20-per-share loss, but sales of $200.68 million missed estimates of $203.12 million. The company guided $1.24 billion in revenue for fiscal 2025, above estimates of $1.021 billion.

Eli Lilly and Novo Nordisk

+2.04%

The GLP-1 makers are trading higher premarket as a pair. On Tuesday morning, Eli Lilly announced the launch of 7.5 milligram and 10 milligram single-dose vials of Zepbound, its weight loss treatment, for $499. This price is available through the company’s new Zepbound Self Pay Journey Program. Eli Lilly and Novo Nordisk may also be trading higher after Hims & Hers Health, which offers an alternative to weight loss drugs like Ozempic and Zebound, gapped down on earnings.

LLY, NVO

Wah Fu Education Group (WAFU)

+84.92%

Gapping up after announcing an integration with DeepSeek. The company plans to use its DeepSeek integration to work on AI-based educational innovations and drive long-term growth. Wah Fu has a float of 1.13 million shares.