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

1000 - ISM manufacturing PMI for December: Expected 48.4; Prior 48.2

Oil and Gas Stocks

+5.67%

Trading sharply higher as a group after the Trump administration’s surprise military operation in Venezuela heightened focus on the country’s vast oil reserves. Investors reacted to expectations of increased US involvement and potential investment opportunities in Venezuela’s energy sector. Defense plays like Palantir (PLTR) are also gapping up on Monday morning following the military action.

CVX, XOM, MPC, HAL, SLB, UNG, DVN, OXY

Crypto Stocks

+3.43%

Trading higher as a group in tandem with Bitcoin, which is poised to net a five-day green streak. The cryptocurrency has broken out of recent resistance around $90,500 and is trading just above $93,000 as of Monday morning at 7:10 AM ET. Separately, Bank of America has updated its wealth management guidance to allow advisors to recommend eligible clients allocate about 1%–4% to crypto exposure, primarily through regulated Bitcoin ETFs such as IBIT.

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

NVIDIA Corp and Advanced Micro Devices

+2.25%

The CEOs of both companies are scheduled to delivery keynote speeches at CES 2026 on Monday, January 5; Nvidia CEO Jensen Huang is scheduled to speak at 4:00 PM ET, while AMD CEO Lisa Su is set to speak at 9:30 PM ET. Additionally, Taiwan media outlets are reporting that both companies may raise GPU prices in early 2026 as surging VRAM costs now account for over 80% of a graphics card’s build. One rumor suggests Nvidia’s RTX 5090 could rise from a $1,999 MSRP toward around $5,000 following a doubling of memory prices in the second half of 2025.

NVDA, AMD

Intel Corp (INTC)

+4.47%

Gapping up after Melius Research upgraded the stock from Hold to Buy with a $50 price target. The company is scheduled to host a launch event for its Core Ultra Series 3 “Panther Lake” product from 6:00 PM ET to 7:00 PM ET on Monday at CES 2026.

Tesla Inc (TSLA)

+1.60%

The company’s wholesale sales in China came in at 97,171 vehicles for December 2025, marking the second-best month in Tesla’s history for China wholesales. Wholesales sales for Tesla in China dropped by 7.08% year-over-year in 2025. Additionally, Cantor released a catalyst watchlist for the stock in 2026, noting that the company could achieved supervised FSD in both China and Europe in the first half of the year.

Memory Stocks

+3.21%

Trading higher as a group after Korean media outlet KED reported that Samsung and SK Hynix are quoting server prices well above recent levels. The report claims that the companies are indicating to cloud customers like AWS and Google that DRAM prices will be 60% to 70% higher than they were in Q4 2025.

MU, SNDK, WDC, STX

Taiwan Semiconductor Manufacturing Co Ltd (TSM)

+2.62%

Trading higher premarket after Goldman Sachs raised its price target on the stock by 35% and reiterated a Conviction Buy rating, citing AI as a multi-year growth engine with capacity expected to remain tight through 2027. The firm forecasts faster revenue growth, gross margins above 60%, and more than $150 billion in capex from 2026–2028 as AI chip demand keeps advanced nodes fully utilized.

Uber Technologies Inc (UBER)

-1.40%

Melius downgraded the stock to Sell from Hold with a $73 price target, citing rising competitive risks despite Uber’s leadership in global rideshare and delivery. The firm warns that increasing autonomous vehicle competition from players like Waymo and Tesla could pressure growth and returns in 2026 and beyond, risks it believes are not fully reflected in the current valuation.

Novo Nordisk A/S (NVO)

+1.20%

The company has launched oral Wegovy in the US, making it the first daily GLP-1 pill approved for obesity treatment. The drug is priced at $149–$299 per month for self-pay patients, with insured copays potentially as low as $25.

Alphabet Inc (GOOGL)

+0.20%

On watch after the co-CEO of Samsung Electronics said that the company plans to double the number of its mobile devices powered by Google’s Gemini AI to about 800 million units in 2026, as reported by Reuters. The expansion is aimed at strengthening Samsung’s competitive position as the global AI race intensifies. Separately, Argus Research hiked its price target on Alphabet’s stock from $330 to $365.

Oscar Health Inc (OSCR)

+3.21%

Barclays upgraded the stock to Equal Weight from Underweight and raised its price target to $18, citing a more balanced risk-reward after recent share weakness. The firm believes the market is over-discounting subsidy risks, noting strong pricing increases and competitive positioning despite a wider range of potential outcomes.

Mobileye Global Inc (MBLY)

+7.39%

Gapping up after Barclays upgraded the stock from Equal Weight to Overweight. The analyst, who also cut the stock’s price target from $17 to $16, cited depressed sentiment around the stock and an attractive risk/reward profile as reasons for the upgrade. Barclays sees potential upside from Mobileye’s dominant base ADAS position, ongoing wins with OEMs like VW and GM, and optionality from future advanced ADAS or full AV developments.

PayPal Holdings Inc (PYPL)

-0.15%

On watch after Monness, Crespi, Hardt downgraded the stock to Neutral from Buy, noting that current 2026 estimates may be overly optimistic and intra-quarter commentary has been underwhelming. While the long-term bull case remains intact, the firm suggests better entry points could emerge due to macro weakness and believes prior gains from Venmo and PSP initiatives were “low-hanging fruit” rather than signs of a widening moat.

Arbe Robotics Ltd (ARBE)

+12.50%

The company is integrating its high-resolution radar with Nvidia’s DRIVE AGX Orin compute to create an AI-perception stack for autonomous driving. The radar features a 2,304-channel array with 20,000+ detections per frame, 300m+ range, and performance in adverse weather. The first public demo is scheduled to take place during this week’s CES 2026 event.