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

Crypto Stocks

-1.04%

Bitcoin is trading with increased volatility following the inauguration of Donald Trump as President of the United States. The cryptocurrency hit a new all-time high above $109,000 on Monday morning in sympathy with Trump’s inauguration, but fell after Trump, who is viewed as bullish for the crypto space, failed to mention Bitcoin during his speech. Bitcoin is trading just below $104,000 as of Tuesday morning. Separately, Bank of America CEO Brian Moynihan opined that the US banking industry will likely support the use of crypto for payment should it be approved by regulators.

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

Apple Inc (AAPL)

-2.12%

Trading lower premarket after being downgraded from Hold to Sell by Jefferies. The analyst, which also lowered its price target to $200.75, attributed the downgrade to weak iPhone sales, particularly in China. Jefferies expects Apple to miss Q1 FY25 revenue growth estimates and issue subdued guidance for Q2 FY25, highlighting competition from cheaper Android models and declining consumer interest as key concerns surrounding the stock. Separately, data from Counterpoint Research revealed that iPhone sales dropped by 18.2% in China in Q4 2024, causing the company’s market share in China to drop below that of Huawei for the first time since 2019.

Electric Vehicles

+0.98%

On watch as a group following the inauguration of Donald Trump as US President, which has implications for a variety of EV makers. Tesla is trading higher premarket, potentially inspired by CEO Elon Musk’s alliance with Trump, while tickers like Rivian are trading lower after Trump revoked pro-EV legislation on his first day in office. Meanwhile, Chinese EVs are trading sharply higher as a group after China was omitted from a list of countries Trump intends to impose tariffs upon; Li, Xpeng, and Nio also reported week-over-week increases in their vehicles registrations.

TSLA, RIVN, XPEV, NIO, LI, ZK, MULN, FFIE

Intel Corp (INTC)

+2.09%

Trading higher premarket after closing nearly 10% higher on Friday. The rally was driven by a report from SemiAccurate suggesting that the company is an acquisition target; the report did not name the company interested in acquiring Intel, but noted that the firm has not been named in any recent reports related to Intel’s potential acquisition. Intel is attending the World Economic Forum in Davos, Switzerland this week.

Meta, Snap, and Alphabet

+0.55%

These stocks are on watch after President Donald Trump issued an executive order to suspend a nationwide ban on TikTok. The ban took place on Sunday, January 19 after being upheld by the Supreme Court on Friday. This order suspends the ban for 75 days as companies like Perplexity and individuals like Elon Musk reportedly express interest in purchasing TikTok’s US operations. Social media companies like Meta, Snap, and Alphabet-owned YouTube stand to benefit from a TikTok ban.

META, SNAP, GOOGL

Trump Media & Technology Group (DJT)

-6.45%

Gapping down after Donald Trump, its namesake and formerly its largest shareholder, was inaugurated as President of the United States. Trump’s stake in the company, which was roughly 59%, has been moved to a revocable trust as of December 2024. The stock rallied almost 15% during the previous trading week and was up roughly 18% year-to-date as of Friday’s close.

3M Co (MMM)

+3,40%

Trading higher premarket following its earnings report. The company reported adjusted earnings of $1.68 per share and sales of $5.808 billion, above estimates of $1.66 and $5.781 billion, respectively. For fiscal 2025, 3M guided revenue growth of 0.5% to 1.5% and adjusted earnings between $7.60 and $7.90; the midpoint of its EPS guidance falls slightly below estimates of $7.78.

Charles Schwab Corp (SCHW)

+6.20%

Trading higher premarket following its earnings report. Adjusted earnings of $1.01 per share exceeded estimates of $0.91, and sales of $5.33 billion marked a 20% year-over-year increase and beat estimates of $5.19 billion. The company added $115 billion in core net new assets during Q4 2024, and client assets reached $10.1 trillion during the quarter.

Walgreens Boots Alliance Inc (WBA)

-6.78%

Gapping down after the US Justice Department filed a nationwide lawsuit against the company. The lawsuit, which was announced just before the closing bell on Friday, accuses the company of filing “millions” of opioid prescriptions that were known to have no medical purpose. Walgreens responded on its website, saying that it tends to defend its pharmacists from the suit and asking for clarification as to the responsibilities of those pharmacists.

Helius Medical Technologies Inc (HSDT)

+55.79%

Gapping up after announcing that 128 participants have enrolled in its stroke treatment study as of December 31, above the target of 90 participants. The company now expects to meet its maximum target of 150 enrolled participants by the end of this month. Helius, which has rallied before, has a float of 3.56 million shares and a short float of 6.47A%