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

0930 - Fed Chair Powell speaks
0945 - S&P manufacturing PMI for June: Expected 52; Prior 52
1000 - JOLTS job openings for May: Expected 7.3M; Prior 7.391M
1000 - ISM manufacturing PMI for June: Expected 48.8; Prior 48.5
1000 - Construction spending m/m for May: Expected -0.2%; Prior -0.4%

Robinhood Markets Inc (HOOD)

+3.49%

Continuing to trade higher after rallying into all-time highs on Monday, driven by the company's “To Catch a Token” event. During the event, CEO Vlad Tenev and other executives announced a host of new features available for the company’s EU users, including stock tokens for public and private companies. Robinhood also announced that it will provide users in the US and EU with further access to crypto through staking and perpetual futures offerings.

Tesla Inc (TSLA)

-5.84%

Gapping down after CEO Elon Musk posted further criticisms of the “Big, Beautiful Bill” backed by President Donald Trump, for whom Musk previously served as a special government employee. Following Musk’s latest comments, Trump suggested that the Department of Government Efficiency (formerly run by Musk) should investigate the government contracts involving Musk’s many companies. Wedbush maintained its Outperform rating and $500 price target on the stock but warned that the Musk-Trump dynamic is an “overhang” for the stock. JPMorgan, meanwhile, warned that Tesla’s demand likely remained weak in Q2 and projected a decline in Q2 deliveries.

Apple Inc (AAPL)

+0.36%

The stock rallied on Monday afternoon after Bloomberg reported that the company is exploring integrating AI models from Anthropic or OpenAI into a revamped version of Siri. Early tests reportedly indicate that Anthropic’s Claude model is the most promising option for Apple. Bloomberg noted that Apple continues to work on its own models but is seriously considering using external models to enhance Siri’s capabilities as early as next year. The stock dropped right before the report was released after a court filing revealed that Apple will have to face a lawsuit related to its alleged monopolization of the smartphone market.

Palantir Technologies Inc (PLTR)

+0.13%

The stock was the top performer in both the Nasdaq-100 and S&P 500 indices in the first half of 2025, rising by nearly 80% year-to-date. Palantir gained another 4% in the final session of the month after announcing a partnership with Accenture Federal Services. Separately, on Tuesday morning, executive Ted Mabrey shared a post on X in which he urged entrepreneurs to build on Palantir rather than compete with it. Mabrey emphasized that Palantir has already tackled key issues like integration and scalability, and highlighted "ontology"—structured data reasoning—as the next frontier.

Crypto Stocks

-1.32%

Trading lower premarket in tandem with Bitcoin, which is poised for its second consecutive day of losses. The cryptocurrency is trading just above $106,600 as of 7:35 AM ET on Tuesday, notably below its high of $108,800 on Monday. Additionally, Coinbase is on watch after Cathie Wood’s Ark unloaded 124,892 of the company’s shares in a transaction valued at approximately $43.77 million.

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

Circle Internet Group Inc (CRCL)

+0.72%

CEO Jeremy Allaire said that the company is seeking a national trust bank charter in the U.S. to launch First National Digital Currency Bank, N.A., enabling it to directly manage USDC reserves and offer digital asset custody for institutional clients. While the bank won’t accept deposits or make loans, it will focus on tokenized traditional assets like stocks and bonds rather than cryptocurrencies like Bitcoin or Ethereum.

Advanced Micro Devices Inc (AMD)

-1.30%

On watch following a notable share purchase from Cathie Wood’s Ark Invest on Monday. Ark purchased 356,275 shares of AMD to be distributed across its Ark Fintech, Ark Innovation, and Ark Next Generation ETFs. The total value of the transaction as of Monday’s close is approximately $50.55 million.

Amazon.com Inc (AMZN)

+0.03%

The company announced that its latest Prime Day event, to take place from July 8 to July 11, is expected to be its biggest yet. Amazon will be offering major discounts across over 35 categories, including up to 50% off brands like Levi's, ELEMIS, and Amazon Devices. Shoppers can find deals on summer essentials, trending social media products, and back-to-school gear, with exclusive savings and cash-back offers for Prime for Young Adults members.

Chinese EVs

+0.74%

On watch after reporting deliveries for Q2 and June 2025. Xpeng reported a 224% year-over-year increase in June deliveries and recorded the delivery of 103,181 vehicles in Q2 2025, their best quarterly delivery results. Li Auto reported a 24.1% year-over-year decrease in June deliveries, though its Q2 deliveries increased by 2.4%. Nio’s June deliveries increased by 17.5% year-over-year, with Q2 deliveries growing by 25.6%.

XPEV, NIO, LI

Snap Inc (SNAP)

+2.99%

Trading higher premarket following a price target increase from Wells Fargo. The analyst raised its price target on Snap to $11 from $8, citing stronger-than-expected ad revenue growth and subscription momentum. Wells Fargo expects the company’s Q2 revenue now forecast to grow 13% year-over-year, better than its previous estimate of 6% growth. The firm also expects Snap to return to forward guidance, projecting Q3 revenue and EBITDA above consensus.

D-Wave Quantum Inc (QBTS)

+3.48%

Trading higher premarket, notably outperforming its peers in the quantum sector. The company announced the completion of its $400 million at-the market equity offering and announced that it will be considering strategic acquisitions to help expand its leadership in quantum. Nearly 24% of D-Wave’s float is sold short.

ClearOne Inc (CLRO)

+141.74%

Gapping up after announcing a one-time special stock dividend, to be paid on July 18, 2025. The dividend applies to all stockholders of record by July 11, 2025. The stock has a float of 516,630 shares.