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

0830 - Initial jobless claims: Expected 235k; Prior 233k
0900 - Fed’s Musalem speaks
1315 - Fed’s Waller speaks
1430 - Fed’s Daly speaks

Crypto Stocks

-0.72%

On watch as a group after Bitcoin touched all-time highs above $112,000 on Wednesday. The cryptocurrency opened Wednesday’s session just below $109,000 and rallied throughout the day but pulled back after breaching the $112,000 level. Ethereum also put in a strong green day on Wednesday and is poised for a three-day winning streak.

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

NVIDIA Corp (NVDA)

+0.74%

Continuing to trade higher premarket after rallying to new all-time highs on Wednesday, making Nvidia the first public company to reach a market capitalization of $4 trillion. Later that day, the Financial Times reported that CEO Jensen Huang is planning a diplomatic visit to China to launch a modified AI chip that complies with U.S. export restrictions. The chip, a scaled-down version of the Blackwell RTX Pro 6000, is expected to debut as early as September.

Delta Air Lines Inc (DAL)

+9.70%

Gapping up following its Q2 2025 earnings report, with adjusted revenue of $15.51 billion and adjusted earnings of $2.10 per share beating estimates of $15.48 billion and $2.05, respectively. The company guided adjusted earnings between $1.25 and $1.75 per share for Q3, the midpoint of which exceeds estimates of $1.34, and projected a year-over-year quarterly revenue increase of 0% to 4%. Delta also restored its guidance for the fiscal year; the midpoint of its FY25 EPS guidance exceeded analyst estimates.

Alphabet Inc (GOOGL)

-0.16%

On watch after Reuters reported that OpenAI is planning to release an AI web browser, just hours after Perplexity announced its own AI web browser. Alphabet stock dropped when the report on OpenAI’s browser was released on Wednesday afternoon and consolidated for the rest of the session. As per the Reuters report, OpenAI is expected to release its web browser in a matter of weeks.

Tesla Inc (TSLA)

+1.06%

Trading higher premarket after CEO Elon Musk made a handful of company-related announcements on X. Musk commented that the company plans to expand its robotaxi service to the San Francisco Bay Area within a month or two, pending regulatory approval, and that the robotaxi service area in Austin, Texas will be broadened this weekend. On Thursday morning, Musk commented that X’s AI chatbot, Grok, will be coming to Tesla vehicles by “next week at the latest”.

Advanced Micro Devices Inc (AMD)

+1.89%

Trading higher premarket after HSBC upgraded its rating for the stock from Hold to Buy. The analyst assigned a $200 price target for AMD.

Nu Holdings Ltd (NU)

-2.20%

Trading lower with notable premarket volume. The decline may be related to US President Donald Trump’s announcement of a 50% tariff on Brazil as of August 1, 2025; Nu Holdings is a Brazilian company. Brazil noted that they will respond to the tariffs with reciprocal action.

Amazon.com Inc (AMZN)

-0.33%

The Financial Times reported that the company exploring an additional multibillion-dollar investment in AI startup Anthropic, building on its existing $8 billion commitment to strengthen its position in the AI space. On Wednesday, the company announced that its AWS division has developed custom cooling hardware to manage the intense heat generated by Nvidia’s next-generation GPUs used in AI workloads. Separately, Bank of America reiterated its Buy rating and $248 price target on Amazon, citing Project Kuiper’s potential to generate $7.1 billion in revenue by 2032.

WK Kellogg Co (KLG)

+51.27%

Gapping up after the Wall Street Journal reported that Ferrero, the Italian company behind Ferrero Rocher and Nutella, is nearing a deal to acquire the company. The acquisition would mark Ferrero’s latest push into the American market, following a series of recent brand purchases under Chairman Giovanni Ferrero. Approximately 17.5% of WK Kellogg’s float is sold short.

ConAgra Brands Inc (CAG)

-4.51%

Trading sharply lower premarket after reporting earnings for Q4 2025. Adjusted earnings of $0.56 per share and sales of $2.781 billion missed estimates of $0.58 and $2.834 billion, respectively. The company guided adjusted earnings between $1.70 and $1.85 per share for FY26, well below estimates of $2.21, and expects organic sales growth of -1% to +1%. ConAgra also projected 7% cost inflation in fiscal year due to tariffs, though they are looking to mitigate this impact through cost cutting and sourcing changes.

Taiwan Semiconductor Manufacturing Co Ltd (TSM)

+0.72%

Trading marginally higher premarket after providing a revenue update for June 2025. Taiwan Semi’s Q2 revenue reached $31.9 billion, marking a 38.6% year-over-year increase amid soaring demand driven by AI applications. Revenue for the first half of the year came in at $55.8 billion, up 40% year-over-year. June revenue of $8.3 billion, meanwhile, indicated a 26.9% year-over-year increase and a 17.7% month-over-month decline.

Freeport-McMoRan Inc (FCX)

+3.01%

Trading higher premarket after US President Donald Trump announced a 50% tariff on copper, effective August 1, 2025. In a Truth Social post on the issue, Trump noted that the goal of the tariff is to help America rebuild its copper industry. Trump informally announced the copper tariff during his cabinet meeting on Tuesday.

MP Materials Corp (MP)

+40.73%

Gapping up after announcing a landmark public-private partnership with the U.S. Department of Defense, featuring a $400 million convertible preferred stock investment; this agreement makes the DoD the company’s largest shareholder. The deal includes a 10-year NdPr price floor, a long-term magnet offtake agreement, and funding for MP’s new “10X” facility, aiming to expand U.S. magnet production to 10,000 metric tons by 2028. Approximately 25.9% of the stock’s float is sold short.

Mobileye Global Inc (MBLY)

-4.27%

Trading sharply lower premarket after pricing its previously-announced secondary offering. Intel Overseas Funding Corporation is the selling stockholder for the offering, which involves 50 million shares priced at $16.50 per share. Mobileye, a subsidiary of Intel, has a short float of approximately 23.6%.

BIT Mining Ltd (BTCM)

+256.10%

Gapping up after announcing plans to raise $200 million to $300 million to invest in a Solana treasury strategy. The stock has a float of 11.39 million shares.