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

0830 - PPI y/y for June: Expected 2.5%; Prior 2.6%
0830 - PPI m/m for June: Expected 0.2%; Prior 0.1%
0830 - Core PPI y/y for June: Expected 2.7%; Prior 3%
0830 - Core PPI m/m for June: Expected 0.2%; Prior 0.1%
0915 - Fed’s Hammack speaks
1000 - Fed’s Barr speaks
1730 - Fed’s Williams speaks

Crypto Stocks

+2.15%

Rebounding as a group after selling off sharply on Tuesday afternoon, driven by a failed procedural vote on crypto regulation bills in the US House. President Donald Trump said the holdouts reversed course following a meeting at the White House and that they will vote to advance the GENIUS Act on Wednesday morning. Bitcoin made new all-time highs above $123,000 on Monday heading into “Crypto Week”, with three crypto-related bills up for debate.

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

NVIDIA Corp (NVDA)

-0.11%

CEO Jensen Huang announced that the company will increase supply of its China-compliant H20 chips and aims to introduce more advanced semiconductors to the Chinese market as regulations permit. Speaking in Beijing, Huang emphasized the H20’s strong performance for AI models and reiterated Nvidia’s commitment to providing China with the best chips allowed under U.S. export rules. Additionally, Needham raised its price target for the stock from $160 to $200 while maintaining a Buy rating.

Meta Platforms Inc (META)

+0.29%

On watch after Wired reported that the company has hired two top OpenAI researchers, Jason Wei and Hyung Won Chung, for its new superintelligence lab. The reported recruitment of these experts, who previously worked at Google and OpenAI on advanced reasoning and reinforcement learning, is part of Meta’s broader effort to attract top AI talent with lucrative offers and an ambitious AI roadmap. Separately, the company’s $8 billion trial on user privacy protection is set to begin on Wednesday.

ASML Holding NV (ASML)

-6.81%

The company’s US-listed shares are gapping down following its earnings report for Q2 2025, with CEO Christophe Fouqet noting that the company may not be able to grow in 2026 despite a strong customer base for AI. The company guided 15% revenue growth and 52% margin for fiscal 2025. Quarterly earnings of $6.69 per share beat estimates of $5.94, and sales of $8.72 billion exceeded expectations of $8.55 billion. Net bookings for the quarter notably grew by 41% sequentially.

Amazon Inc (AMZN)

-0.51%

Cantor Fitzgerald reiterated its Overweight rating on the stock and raised its price target to $260 from $240, citing strong EBIT performance and favorable retail and AWS growth trends. The firm expects Q2 EBIT to beat guidance and sees upside in Amazon’s 3Q outlook and long-term logistics efficiency, maintaining it as a top pick with improved FY26 estimates. Additionally, the company is relying on competitor SpaceX to launch its next 24 Kuiper satellites aboard a Falcon 9 rocket on Wednesday.

Apple Inc (AAPL)

+0.23%

Apple Insider reported that a US trade judge issued a preliminary ruling that could lead to an import ban on Apple iPhones using BOE displays, after siding with Samsung in a trade secrets dispute. A final decision is expected in November, at which point President Trump would have the authority to enforce or override the ban.

Morgan Stanley, Goldman Sachs, and BofA

+0.87%

On watch as a trio after reporting Q2 2025 earnings. Morgan Stanley reported earnings of $2.13 per share and sales of $16.792 billion, beating estimates of $2.02 and $16.792 billion, respectively. The bank exceeded estimates in all revenue categories and reported $1.71 trillion assets under management. Goldman Sachs reported better-than-expected earnings and sales, including 24% growth in its global banking & markets revenue and a 26% increase in investment banking fees. Bank of America reported an earnings beat and a revenue miss, though all its revenue segments grew on a year-over-year basis.

MS, GS, BAC

Johnson & Johnson (JNJ)

+2.32%

Trading higher premarket following its Q2 2025 earnings report, with adjusted earnings of $2.77 per share and sales of $23.743 billion beating estimates of $2.68 and $22.848 billion, respectively. The company raised its adjusted earnings guidance for fiscal 2025 to $10.80-$10.90 per share, beating expectations of $10.62. Johnson & Johnson also increased its sales guidance for the same period to $93.2 billion-$93.6 billion, well above estimates of $91.398 billion.

Unity Software Inc (U)

+7.28%

Gapping up after Jefferies raised its price target on the stock from $29 to $35. The stock is receiving a significant amount of social media attention.

Destiny Tech100 Inc (DXYZ)

-22.95%

Bloomberg reported that the Trump administration is preparing an executive order that would allow 401(k) retirement plans to invest in private equity, potentially opening up access to a $12.5 trillion market long dominated by stocks and bonds. This move, a major win for private equity firms, builds on prior efforts to ease legal barriers and could reshape how Americans save for retirement if signed. Destiny Tech100 is a management investment company whose holdings include private companies like SpaceX and OpenAI, giving traders and investors access to these types of assets.

Ford Motor Co (F)

-0.68%

Trading lower premarket after recalling over 694,000 Bronco Sport and Escape SUVs in the U.S. due to a potential fuel leak that could pose a fire risk. The recall affects specific 2020–2024 models with 1.5-liter engines, though only about 0.3% are estimated to have the defect. The announcement follows a year-long investigation by the NHTSA.

Bitmine Immersion Technologies Inc (BMNR)

+21.37%

Gapping up after a 13G filing revealed that Founders Fund Growth II Management has a 9.1% stake in the company as of July 8, 2025. The fund is led by PayPal co-founder and former CEO Peter Thiel. Bitmine received an influx of attention from retail traders and investors at the end of June after announcing an Ethereum treasury strategy.