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

0945 - S&P manufacturing PMI (final) for February Expected 51.6; Prior 51.6
1000 - ISM manufacturing PMI for February: Expected 50.8; Prior 50.9
1000 - ISM manufacturing employment for February: Expected 50.1; Prior 50.3
1000 - Construction spending m/m for January: Expected -0.1%; Prior 0.5%
1235 - Fed’s Musalem speaks

Crypto Stocks

+11.19%

Gapping up as a group in tandem with a rebound in Bitcoin. The cryptocurrency broke back above $95,000, driven by Donald Trump's announcement of a U.S. strategic cryptocurrency reserve. The rally followed a selloff in Bitcoin the previous week which saw the cryptocurrency break below $80,000. Additionally, Strategy is on watch after CEO Michael Saylor announced that its Bitcoin investments have generated $2.6 billion in profits thus far in 2025.

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

Intel Corp (INTC)

+5.10%

Gapping up after Reuters reported that Nvidia and Broadcom are testing its advanced 18A production techniques, signaling potential support for its AI chip manufacturing. This report comes as Intel continues to search for a new CEO following the departure of Pat Gelsinger, and the potential separation of its foundry business remains on watch.

Apple Inc (AAPL)

-0.12%

On watch after UBS reiterated its Neutral rating and $236 price target on the stock. The analyst note attributed the maintained rating to muted iPhone demand in the U.S., China, and Europe despite overall market growth. While iPhone sales declined in key regions, the analyst noted that sales in India other emerging markets indicated strong growth.

Tesla Inc (TSLA)

+3.39%

Morgan Stanley issued a bullish note on the stock on Monday morning, reiterating Tesla as its “Top Pick” in the US auto segment and maintaining a $430 price target. The analyst emphasized the company's transition beyond EVs into AI, robotics, and energy, noting the potential for significant upside driven by Tesla Optimus, energy storage, and reduced China exposure. However, Morgan Stanley acknowledges near-term risks for the stock, including the company’s governance and high short-term expectations for FSD.

NVIDIA Corp (NVDA)

-0.14%

On watch after noted supply chain analyst Ming-Chi Kuo debunked rumors of a major cut in the company’s 2025 CoWoS wafer orders at TSMC. Kuo’s note suggests that Nvidia's orders remain around 370,000 wafers and TSMC’s expansion plans are intact. His clarification follows Nvidia’s Q4 2025 earnings report, released last week, which beat estimates for earnings and revenue but fell flat on gross margin guidance.

Quantum Stocks

+3.67%

Trading sharply higher as a group following weakness during the previous week of trading, with stocks like Rigetti and IonQ declining by more than 20% by the end of the week. Some of these names are expected to report earnings this week; NuScale (SMR) is scheduled to report after the bell on Monday, while Rigetti is set to report on Wednesday afternoon. Many of the stocks in this group have short floats of at least 10%, with the short float of Rigetti exceeding 25%.

RGTI, IONQ, SMR, OKLO, QBTS, QUBT

Chinese EVs

-7.46%

Gapping down as a group after reporting February delivery numbers. Li Auto delivered 26,263 vehicles during the period, rising 30% year-over-year but marking a 12% month-over-month decline. Nio’s 13,192 deliveries marked a 62% year-over-year increase and a 4.8% monthly drop. Xpeng’s deliveries rose by 570% on an annual basis to reach 30,453 vehicles, though this number only marked a 0.3% month-over-month increase.

LI, NIO, XPEV

AST SpaceMobile Inc (ASTS)

+7.60%

Gapping up after announcing a partnership with Vodafone to launch SatCo, a European satellite service venture providing space-based cellular broadband. As the exclusive distributor of AST's satellite services in Europe, SatCo will leverage Vodafone's engineering expertise, establish ground stations, and support MNOs. AST SpaceMobile is also on watch ahead of its earnings report, scheduled to be released after the bell on Monday, March 3. Approximately 29.7% of the stock’s float is sold short.

AppLovin Corp (APP)

+5.45%

Attempting to rebound premarket after dropping 21.5% during the previous week of trading. The stock, which is down nearly 40% from its all-time high made on February 13, has been the subject of short reports from the Bear Cave, Fuzzy Panda, and Culpert Research over the last two weeks. Nearly 6% of the stock’s float is sold short.

Aclarion Inc (ACON)

+83.58%

Gapping up after announcing a commercial agreement with Scripps Health, bringing its Nociscan technology to leading spine physicians in Southern California. This partnership integrates Aclarion’s AI-driven biomarkers into Scripps Health, the largest healthcare system in the San Diego area, to aid in identifying chronic low back pain. Aclarion has a float of approximately 131,880 shares, and multiple sources cite its short float as being greater than 100%.