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

0830 - PPI m/m for December: Expected 0.2%; Prior 0.2%
0830 - PPI y/y for December: Expected 2.8%; Prior 3%
0830 - Core PPI m/m for December: Expected 0.2%; Prior 0.0%
0830 - Core PPI y/y for December: Expected 2.9%; Prior 3%
0945 - Chicago PMI for January: Expected 44; Prior 43.5
1330 - Fed’s Musalem speaks
1700 - Fed’s Bowman

Sandisk Corp (SNDK)

+22.94%

Gapping up after its Q2 2026 earnings report, with adjusted earnings of $6.20 per share and sales of $3.025 billion sharply exceeding estimates of $3.12 and $2.599 billion, respectively. The company projected adjusted EPS at $12-$14 for Q3, well above estimates of $3.63; its sales guide of $4.4 billion-$4.8 billion for the same period similarly beat estimates of $2.623 billion. Sandisk also announced the extension of its joint venture with Kioxia via a $1.165-billion supply agreement.

Apple Inc (AAPL)

-0.38%

The company posted earnings of $2.84 per share and sales of $143.756 billion for Q1 2026, exceeding estimates of $2.66 and $138.416 billion, respectively. iPhone revenue grew on a year-over-year basis, though the iPad and Wearables revenue segments both experienced declines. Sales in the closely-watched Greater China region came in at $25.53 billion, breaking a trend of year-over-year China sales declines in the fiscal first quarter. CEO Tim Cook announced that the company’s Siri upgrade, in collaboration with Google’s Gemini, will be launched later this year.

SoFi Technologies (SOFI)

+4.43%

Trading sharply higher premarket following its Q4 2025 earnings report. Adjusted earnings of $0.13 per share narrowly beat estimates of $0.12, while sales of $1.013 billion outpaced estimates of $983.919 million. Adjusted net revenue grew by 37% year-over-year, fee-based revenue grew by 53%, and member growth expanded by 35%. The fintech company projected fiscal revenue of approximately $4.655 billion, beating estimates of $4.54 billion; its adjusted EPS and revenue guidance for FY 2026 met analyst expectations.

Tesla Inc (TSLA)

+2.48%

Trading higher premarket after Bloomberg reported that SpaceX is exploring a potential merger with Tesla and xAI, with discussions driven in part by investor interest across Elon Musk’s companies. The talks come as SpaceX reportedly considers an IPO as early as June at a roughly $1.5 trillion valuation, potentially to fund orbital data center ambitions. Following the merger reports, social media users began resurfacing a social media post from November 2025 in which Musk says that his “companies are, surprisingly in some ways, trending towards convergence”.

Precious Metals Plays

-5.32%

Trading lower as a group amid a steep pullback in gold and silver prices. Spot platinum and palladium are each trading more than 10% lower. The recent rally in precious metals has been attributed in part to weakness in the US dollar and escalating geopolitical uncertainty.

SLV, GLD, HL, AG, FCX, NEM

NVIDIA Corp (NVDA)

-0.99%

Reuters reported that China has approved AI startup DeepSeek to purchase the company’s H200 chips, though regulatory conditions and licensing details are still being finalized. Nvidia CEO Jensen Huang has indicated that the company has not yet been informed of an approval and believes the license process remains ongoing. Separately, Alibaba unveiled its in-house Zhenwu 810E AI chip as part of a broader push to build domestic AI infrastructure and reduce reliance on Nvidia amid concerns about US export restrictions.

GameStop Corp (GME)

+1.97%

During an interview conducted and published by the Wall Street Journal, CEO Ryan Cohen outlined an ambitious plan to transform the $11 billion retailer into a $100 billion-plus company through a major acquisition outside its core videogame business. Cohen’s strategy thus far has drawn support from investor Michael Burry, who believes GameStop’s cash and tax assets could enable a transformative deal. GameStop’s revamped pay package for Cohen heavily incentivizes massive market value and earnings growth.

Deckers Outdoor Corp (DECK)

+11.11%

Gapping up after its Q3 2026 earnings report. The company posted EPS of $3.33 and sales of $1.958 billion, beating estimates of $2.80 and $1.876 billion, respectively. Deckers raised its GAAP EPS and sales guidance for FY 2026, with its new sales outlook of $5.4 billion-$5.425 billion beating estimates of $5.366 billion; the company’s latest GAAP EPS projections also exceed expectations.

Western Digital Corp (WDC)

+1.29%

The company posted adjusted earnings of $2.13 per share and sales of $3.017 billion for Q2 2026, exceeding expectations of $1.92 and $2.924 billion, respectively. Western Digital guided adjusted earnings between $2.15 and $2.45 per share for Q3 2026, outpacing estimates of $1.96. The company’s sales guidance of $3.1 billion-$3.3 billion for the same period also beat estimates of $2.957 billion.

Microsoft Corp (MSFT)

+0.53%

On watch after Bloomberg reported AI startup Perplexity has signed a three-year, $750 million agreement with Microsoft to use Azure cloud services, expanding beyond its long-standing relationship with Amazon. The deal allows Perplexity to deploy models via Microsoft Foundry, including offerings from OpenAI, Anthropic, and xAI.

Visa and American Express

-1.44%

Both credit card companies are trading lower premarket after their earnings reports. Visa posted adjusted earnings of $3.17 per share and sales of $10.901 billion, beating estimates of $3.14 and $10.687 billion, respectively. The company noted that volatility in 2026 thus far has been “much lower than expected”. American Express, meanwhile, posted weaker-than-expected adjusted earnings of $3.53 per share, though sales of $18.98 billion beat estimates of $18.922 billion. The company’s sales outlook for FY 2026 exceeded expectations, and the midpoint of its GAAP EPS guide for the year also beat estimates.

V, AXP

La Rosa Holdings (LRHC)

+91.30%

Gapping up on no apparent news catalyst. On Monday, January 26, the company announced that its cost organization and higher-margin revenue initiatives led to a 25% decrease in cash burn over a thirty-day period. La Rosa has a market capitalization of $4.86 million and a float of 110,000 shares, roughly 8.5% of which are sold short.