Trader TV Watchlist - February 5, 2025

Wednesday February 5, 2025

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

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Economic Events:

0815 - ADP employment change for January: Expected 150k; Prior 122k
0830 - Trade balance for January: Expected -$96.8B; Prior -$78.2B
0900 - Fed’s Barkin speaks
0945 - S&P services PMI (final) for January: Expected 52.9; Prior 52.8
0945 - S&P composite PMI (final) for January: Expected 52.5; Prior 52.4
1000 - ISM services PMI (final) for January: Expected 54; Prior 54.1
1430 - Fed’s Goolsbee speaks

Premarket Trading:

Trading Higher ($): AVGO, RKLB, LUMN

Trading Lower ($): AMD, GOOGL, PLTR

Earnings Today:

Premarket: UBER, DIS, NVO

Post-market: ARM, QCOM, F

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In The News

Alphabet Inc (GOOGL)

-7.03%

Gapping down following its earnings report, during which the company guided $75 billion in capital expenditures for fiscal 2025. GAAP sales of $2.15 per share for Q4 2024 beat estimates of $2.12, but sales of $96.469 billion missed estimates of $96.649 billion. Google Services and Cloud revenue increased by 10% and 30%, respectively, on an annual basis. However, Google Network revenue for the quarter dropped to $8 billion from $8.3 billion in Q4 2023.

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Advanced Micro Devices Inc (AMD)

-9.00%

Gapping down after its Q4 2024 earnings report. The company reported adjusted earnings of $1.09 per share and sales of $7.66 billion, beating estimates of $1.08 and $7.53 billion, respectively. Data center revenue was reported at $3.9 billion for the quarter, marking a 69% year-over-year increase but falling short of analyst expectations. Advanced Micro Devices guided Q1 2025 revenue of $7.1 billion, plus or minus $300 million; analysts were looking for $6.995 billion. The midpoint of the guidance suggests 30% year-over-year growth but a 7% quarter-over-quarter decline.

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Broadcom Inc (AVGO)

+2.98%

Trading sharply higher premarket following Alphabet’s earnings report and guidance. Alphabet’s $75 billion capital expenditures guidance for 2025 is viewed as a positive catalyst for companies like Broadcom because it indicates continued and increased spending on AI and data centers. Broadcom also traded higher following Meta’s report last week, which included a similarly hefty capex guide. These capex increases counter market-wide fears about a decrease in AI spending brought about by the popularization of Chinese AI startup DeepSeek in late January.

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Apple Inc (AAPL)

-2.21%

Trading lower premarket after Bloomberg reported that Chinese regulators are considering a probe into the company’s App Store fees and policies. The potential investigation by China’s State Administration for Market Regulation follows increased trade tensions between the U.S. and China and comes alongside a separate antitrust probe into Google. Apple’s stock is particularly sensitive to tariff concerns due to the company’s reliance on manufacturing in China and its significant customer base in the country.

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Uber Technologies Inc (UBER)

-6.98%

Gapping down following its Q4 2024 earnings report. The company reported quarterly sales of $12 billion, above estimates of $11.77 billion. Gross bookings grew by 18% on a year-over-year basis. Uber guided gross booking growth between 17% and 21% for Q1 2025, and projected quarterly EBITDA between $1.79 billion and $1.89 billion.

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Tesla Inc (TSLA)

-0.96%

The company’s new vehicle registrations in Germany for the month of January dropped 59% year-over-year, according to the country’s motor transport authority. Data from the group, known as KBA, showed that 1,277 new Tesla vehicles were registered in the country last month, which also marks a sharp decline from the 3,905 Teslas registered in Germany in December 2024. Additionally, local media sources have reported that Indian Prime Minister Narendra Modi could potentially meet with CEO Elon Musk later this month, when Modi is slated to travel to the US.

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The Walt Disney Company (DIS)

+0.85%

On watch following its Q1 2025 earnings report. The company reported adjusted earnings of $1.76 per share and sales of $24.7 billion, above estimates of $1.45 and $24.62 billion. The Disney+ subscriber count reached 125 million during the quarter. Disney guided a “modest decline” in Disney+ subscribers on a quarter-over-quarter basis for Q2 2025.

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Chinese ADRs

-3.09%

Trading sharply lower as a group, mirroring declines in both the CSI 300 and Hang Seng Index, as traders digest the ever-changing state of tariffs and trade between the US and China. The U.S. Postal Service is now suspending inbound parcels from China and Hong Kong, potentially impeding deliveries from companies like Shein and PDD’s Temu. On Tuesday afternoon, US President Donald Trump said that he is in no rush to talk to Chinese leader Xi Jinping; Trump’s trade advisor and a White House spokesperson had both suggested that the conversation was imminent in statements made hours earlier.

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

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Novo Nordisk A/S (NVO)

+3.05%

The company’s US-listed shares are trading higher premarket following its Q4 2024 earnings report. Novo Nordisk reported earnings of 6.34 Danish krone per share, above estimates of 5.82 Danish krone, with sales of 85.683 billion Danish krone also exceeding expectations of 79.73 billion Danish krone. Sales for the Obesity Care segment grew 91% year-over-year, driven by a more-than-twofold increase in sales of popular weight loss drug Wegovy. The company guided 16% to 24% sales growth for 2025, slightly below the 26% growth reported for 2024.

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Snap Inc (SNAP)

+1.55%

Trading higher premarket with volume following its Q4 2024 earnings report, with adjusted earnings of $0.16 per share and sales of $1.557 billion exceeding expectations of $0.14 and $1.548 billion, respectively. Daily active users reached 453 million in Q4, marking a 9% year-over-year increase, while the number of creators posting content as part of the Snap Star program grew by 40%. B of A Securities raised its price target on the stock to $14.50 following the report, but Wells Fargo downgraded Snap to Equal-Weight with an $11 price target.

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