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

0830 - Balance of trade for November: Expected -$45B; Prior -$29.4B
0830 - Initial jobless claims: Expected 209k; Prior 200k
1200 - Fed’s Kugler speaks
1000 - Factory orders m/m for November: Expected 0.5%; Prior -1.3%

Microsoft Corp (MSFT)

-7.45%

Gapping down following its Q2 2026 earnings report. The company posted adjusted earnings of $4.14 per share and sales of $81.273 billion, beating estimates of $3.97 and $80.267 billion, respectively. Azure growth came in at 39%, in-line with analyst estimates. Microsoft guided Q3 sales between $80.65 billion and $81.75 billion, compared to estimates of $81.174 billion, and projected a year-over-year decline in operating margins for the same period.

Meta Platforms Inc (META)

+8.73%

Gapping up after its Q4 2025 earnings report, with earnings of $8.88 per share and sales of $59.893 billion beating estimates of $8.16 and $58.295 billion, respectively. The company guided Q1 sales between $53.5 billion and $56.5 billion, well above estimates of $51.31 billion, but warned that results could be impacted by “legal and regulatory headwinds”. Meta guided capital expenditures between $115 billion and $135 billion, compared to analyst estimates of approximately $110 billion.

Tesla Inc (TSLA)

+2.35%

Trading higher premarket after its Q4 2025 earnings report, with adjusted earnings of $0.50 per share and sales of $24.9 billion beating estimates of $0.45 and $24.778 billion, respectively. The company will invest $2 billion in xAI, also helmed by Tesla CEO Elon Musk. Tesla indicated that the company is preparing to ramp up production of their Tesla Semi and CyberCab products for H1 2026.

Apple Inc (AAPL)

+0.68%

On watch ahead of its Q1 2026 earnings report, slated to be released on Thursday, January 28 at 4:30 PM ET. Analysts are looking for the company to post revenue of $137.4 billion, implying 10.5% year-over-year growth, and earnings of $2.65 per share.

International Business Machines Corp (IBM)

+10.07%

Gapping up after its Q4 2025 earnings report, with adjusted earnings of $4.52 per share and sales of $19.686 billion beating estimates of $4.32 and $19.226 billion, respectively. Software revenue increased by 14% year-over-year, consulting revenue grew by 3%, and infrastructure revenue grew by 21%. The company projected $70.912 billion in revenue for FY 2026, exceeding estimates of $70.14 billion.

NVIDIA Corp (NVDA)

-0.17%

CEO Jensen Huang said China has not yet approved imports of the H200 AI chip and the company has not received new H200 orders from Chinese customers. While the US export license is still being finalized and Chinese firms have been told to prepare orders, Huang said final approval now rests with Beijing. Separately, a US congressional letter alleges Nvidia engineers helped DeepSeek significantly improve AI efficiency by optimizing algorithms, software, and hardware, enabling training with far fewer computing resources; Nvidia has denied the claims.

ServiceNow (NOW)

-7.65%

Gapping down after its Q4 2025 earnings report. Adjusted earnings of $0.92 per share and sales of $3.568 billion beat estimates of $0.88 and $3.527 billion, respectively. Revenue grew by 20.5% year-over-year, with subscription revenue increasing by 21%. The company announced partnerships with both Anthropic and Fiserv alongside its earnings release.

Alphabet Inc (GOOGL)

+1.96%

The company said it disrupted one of the world’s largest residential proxy networks, IPIDEA, cutting off millions of compromised consumer devices used to conceal cybercrime and state-sponsored hacking. The effort involved legal action, seizure of control domains, and new protections via Google Play Protect, taking at least 13 proxy brands and hundreds of malicious apps offline.

Lockheed Martin Corp (LMT)

+6.91%

Gapping up after its Q4 2025 earnings report. Earnings of $5.80 per share missed estimates of $5.86, but sales of $20.321 billion beat estimates of $19.849 billion. The company guided GAAP earnings between $29.35 and $30.25 for FY 2026, beating estimates of $29.14. Lockheed Martin guided sales between $77.5 billion and $80 billion for the same period, compared to estimates of $77.831 billion.

Metals and Rare Earths Stocks

-3.65%

Reuters reported that the Trump administration has reportedly dropped plans to guarantee minimum prices for US critical minerals projects, telling industry executives that new projects must be financially viable without government price support. The shift reverses earlier signals of broader price floors as Washington continues investing in domestic minerals to reduce reliance on China. MP Materials the initial Reuters report as “inaccurate, misleading, and inconsistent with the facts” in a statement posted on social media, noting that the publication “stealth-added” a statement clarifying that MP’s existing agreement with Washington will remain intact.

USAR, MP, TMC, TMQ

Carvana Co (CVNA)

+0.49%

On watch after closing more than 14% lower on Wednesday following a short report from Gotham City Research. The short seller alleged that Carvana’s earnings for 2023 and 2024 have been overstated by more than $1 billion, leading the company to restate 10K forms for both fiscal periods and delay the release of its 10K filing for 2025. Carvana called the report “inaccurate and intentionally misleading” while reaffirming plans to release FY25 earnings on February 18, and JP Morgan hiked its price target on the stock following the report.

Cruise Lines

+3.22%

Trading higher as a group following Royal Caribbean’s Q4 2025 earnings report. The company posted in-line adjusted earnings of $2.80 per share, with sales of $4.259 billion missing estimates of $4.262 billion. Royal Caribbean guided adjusted earnings between $3.18 and $3.28 per share for Q1 2026, above estimates of $2.92; its adjusted EPS guide for FY 2026 similarly exceeded estimates.

Joby Aviation Inc (JOBY)

-14.62%

Gapping down after announcing plans to raise about $1 billion through a mix of convertible senior notes due 2032 and a common stock offering, with underwriters given a 30-day option to purchase additional securities. The proceeds will fund capped call transactions, aircraft certification and manufacturing, and preparation for commercial operations, adding to its roughly $978 million cash balance.

Digital Currency X Technology Inc (DCX)

+73.53%

Gapping up after announcing that it has regained compliance for its Nasdaq listing, specifically with regards to the minimum market value of listed securities rule. The company disclosed that it received a Nasdaq delisting notice on January 26, 2026. Digital Currency X Technology has a market capitalization of $1.17 million and a float of 360,000 shares, approximately 12.5% of which are sold short.