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

1000 - JOLTS job openings for December: Expected 8M; Prior 8.098
1000 - Factory orders m/m for December: Expected -0.8%; Prior -0.4%
1100 - Fed’s Bostic speaks
1400 - Fed’s Daly speaks

Palantir Technologies Inc (PLTR)

+20.37%

Gapping up following a strong Q4 2024 earnings report, with adjusted earnings of $0.14 per share and sales of $827.519 million beating estimates of $0.11 and $775.907 million, respectively. Revenue grew by 36% year-over year and US revenue grew by 52%, with US commercial and government revenue climbing by 64% and 45%, respectively. The company reported the closing of 129 deals valued at over $1 million during the quarter, with 58 of those deals exceeding $5 million. Palantir guided revenue above estimates for Q1 and fiscal 2025.

Super Micro Computer Inc (SMCI)

+6.52%

Gapping up after announcing the date of its hotly-anticipated Q2 2025 conference call. The call, classified in the company’s press release as a “second quarter fiscal 2025 business update”, is slated to take place at 5:00 PM ET on Tuesday, February 11; the company’s website has the call scheduled as “Fiscal 2Q 2025 Results. This update follows a period of turmoil for Super Micro when it comes to earnings and fiscal reports. The company has yet to file its Q4 2024 and Q1 2025 10-K filings and was reportedly under investigation by the Department of Justice as of September 2024, though an independent investigation cleared them of wrongdoing by the end of 2024.

Crypto Stocks

-1.76%

Pulling back as a group after a late-day rebound on Monday, driven by the announcement that the US will delay the implementation of tariffs in Mexico and Canada by one month. Bitcoin broke above $100,000 on Monday afternoon and closed Monday’s session near $101,500, but traded as low as $98,000 on Tuesday morning. Ethereum is also trading lower on Tuesday after gaining back all of Monday’s early losses by the end of the session.

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

Chinese ADRs

+2.44%

Trading higher as a group as traders assess the ongoing headlines involving tariffs between the US and China. On Monday, US President Donald Trump announced a one-month delay for tariff implementation for Mexico and Canada and noted that he would be looking to communicate with China within the next 24 hours. Early on Tuesday, China announced a 15% tariff for US coal and liquefied natural gas imports, with an extra 10% to be added for items like crude oil and certain vehicles. China’s tariffs are slated to go into effect on February 10. Additionally, Xpeng is trading sharply higher after announcing its expansion into Ireland and Finland.

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

Alphabet Inc (GOOGL)

+0.73%

On watch ahead of its Q4 earnings report, scheduled to be released after the closing bell on Tuesday, February 4. Analysts are expecting the company to post earnings of $2.12 per share and revenue of $81.38 billion for the quarter. Separately, China’s State Administration for Market Regulation announced an antitrust investigation into Google, citing alleged violations of the country's anti-monopoly law. This comes as China imposes new tariffs on select U.S. goods.

Apple Inc (AAPL)

-0.24%

Trading marginally lower premarket following a more-than-3% decline on Monday. Some market participants have attributed the drop to concerns over the US government’s announcement of 10% tariffs on China, one of the company’s production hubs and key consumer bases. Analysts from Rosenblatt noted that they expect Apple to pass the price hikes to consumers, a move that could draw political scrutiny, as the new tariffs take effect Tuesday.

PayPal Holdings Inc (PYPL)

-6.11%

Gapping down following its Q4 2024 earnings report. The company posted adjusted earnings of $1.19 per share and sales of $8.366 billion, beating estimates of $1.12 and $8.265 billion, respectively. PayPal guided adjusted earnings between $1.15 and $1.17 per share for Q1 2025, exceeding estimates of $1.13, with its EPS guide for fiscal 2025 also beating expectations. The company also announced a $1.5 billion share buyback program.

Pfizer Inc (PFE)

+1.64%

Trading higher premarket following its Q4 2024 earnings report, with adjusted earnings of $0.63 per share and sales of $17.76 billion beating estimates of $0.47 and $17.40 billion, respectively. The company maintained its previous fiscal 2025 revenue guidance of $61 billion to $64 billion, the lower end of which fell below analyst estimates of $63.025 billion. Pfizer guided adjusted earnings of $2.80 to $3 per share for the fiscal year, compared to estimates of $2.94.

DraftKings Inc (DKNG)

-4.01%

Trading sharply lower premarket after TD Cowen lowered its price target for the stock from $55 to $51. The analyst issued a cautious note on the stock, citing lower projected EBITDA for 2028 and potential tax hikes in key states. The firm also flagged risks from Same Game Parlays and unfavorable sports results, though it believes market estimates may have overreacted to recent challenges.

Rigetti Computing Inc (RGTI)

+3.71%

Trading higher premarket with volume following sector-wide strength in the quantum space on Monday. Monday’s upside push followed comments from Microsoft founder Bill Gates on a Yahoo Finance podcast suggesting that developing logical quantum computing qubits could take three to five years. These comments contradict previous estimates from Nvidia CEO Jensen Huang and Meta CEO Mark Zuckerberg suggesting that quantum computing could take 15 to 30 years, though Gates acknowledged that it might take longer than the time frame he provided. Approximately 21.9% of Rigetti’s float is sold short.