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

0830 - Housing starts for December: Expected 1.327M; Prior 1.289M
0830 - Building permits for December: Expected 1.46M; Prior 1.493M
0830 - Housing starts m/m for December: Expected 3%; Prior -1.8%
0830 - Building permits m/m for December: Expected -2.2%; Prior 5.2%
0915 - Industrial production m/m for December: Expected 0.3%; Prior -0.1%

Crypto Stocks

+3.89%

Trading sharply higher as a group after Bitcoin reclaimed the $100,000 level once again. The cryptocurrency breached the key level on Thursday afternoon and has held it, trading above $102,500 as of Friday morning. Bitcoin has not traded at these levels since January 7, on which it reached a high of $102,750 (as per TradingView data). This rally follows a Bloomberg report suggesting that President-elect Donald Trump plans to issue an executive order declaring cryptocurrency a national priority, urging federal agencies to reassess digital asset policies and potentially halt ongoing crypto-related litigation.

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

Apple Inc (AAPL)

+0.73%

On watch after dropping by 4% on Thursday for its worst daily performance since the market-wide selloff on August 5, 2024. This weakness was likely driven by a Canalys report suggesting iPhone shipments declined 17% annually in 2024, including a 25% drop in Q4, for its largest-ever sales decline in the market. The drop was also attributed by some to a change in sentiment motivated by recent comments from supply chain analyst Ming-Chi Kuo, who opined that the new Apple Intelligence features seem to have little impact on iPhone demand.

Trump Media & Technology Group (DJT)

+1.05%

On watch ahead of the inauguration of President-elect Donald Trump, the company’s namesake and majority shareholder, on January 20. This is the stock’s last day of trading before the inauguration, which is scheduled to take place on a market holiday. Trump Media has seen increased attention from traders ahead of the inauguration, with the stock closing 20% higher on Monday.

JD.Com Inc (JD)

+5.51%

Gapping up after Jefferies maintained a Buy rating on the stock and raised its price target from $54 to $60. The analyst attributed the price target increase to the company’s strong Q4 execution, boosted by a successful Double-11 event and trade-in programs. Jefferies highlighted JD.Com’s supply chain strengths, ROI-focused spending, and strategies for user growth and 3P ecosystems as key drivers for long-term success.

Novo Nordisk A/S (NVO)

-2.17%

The company’s US-listed shares are trading lower premarket on weaker-than-expected results from its STEP UP trial. The trial showed that 7.2-milligram doses of semaglutide achieved 20.7% weight loss over a 72-week period; the highest dose of Zepbound, a competing drug from Eli Lilly, has shown 23% weight loss in 176 weeks. In December 2024, Novo Nordisk revealed weaker-than-expected weight loss results for its hybrid drug, Cagrisema.

American Airlines Group Inc (AAL)

+2.13%

BofA Securities upgraded the stock from Underperform to Neutral and raised its price target from $12 to $20. The upgrade was attributed to strong industry trends like premium revenue growth, a rebound in corporate travel, and expanding Atlantic operations. Analysts highlighted that American Airlines could see a significant recovery in corporate travel, helping offset prior market share losses.

Rivian Automotive Inc (RIVN)

+2.63%

Trading higher premarket after securing a $6.6 billion loan agreement with the U.S. Department of Energy to support a new manufacturing facility in Georgia. The plant, expected to create 7,500 jobs, will focus on producing Rivian’s R2 and R3 models, with construction starting in 2026 and production beginning by 2028. Separately, fleet solutions director Erica Typsin announced that the company will begin selling its electric delivery vans, previously exclusive to Amazon, to other customers starting in February.

Quantum Stocks

-3.75%

Pulling back as a group following a two-day rally. The stocks, which have seen an increase in attention from traders since the fall of 2024, have been pushing higher over the last two days after Nvidia and Microsoft announced pro-quantum initiatives. Almost every ticker in the group has a short float of at least 10%, and Rigetti’s short float has increased to 20% in recent weeks.

RGTI, QUBT, IONQ, QBTS, ARQQ

Nukkleus Inc (NUKK)

+69,75%

Gapping up after the company announced that it has regained compliance with Nasdaq listing standards. The stock, which has rallied repeatedly over the last month, has a float of 1.17 million shares and a 16.2% short float.