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

0815 - ADP employment change for June: Expected 98k; Prior 37k

Tesla Inc (TSLA)

+0.77%

On watch ahead of its Q2 deliveries release, expected on Wednesday morning. Consensus estimates show that analysts anticipate Tesla to report the delivery of just under 400,000 vehicles during the quarter. Additionally, data from the China Passenger Car Association showed that deliveries from Tesla’s Shanghai plant increased by 0.8% year-over-year in the month of June, the plant’s first delivery increase in 2025 thus far.

Crypto Stocks

+2.54%

Trading higher as a group in tandem with Bitcoin, which is poised to break a two-day losing streak. The cryptocurrency closed near its low of day around $105,000 on Tuesday and has already recovered to $107,700 as of 7:25 AM ET on Wednesday. Ethereum is also trading higher on Wednesday morning and is hovering near the $2,450 level.

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

Apple Inc (AAPL)

+0.77%

Trading marginally higher premarket after Jefferies upgraded the stock from Underperform to Hold with a price target of $188.32. The analyst attributed the upgrade to stronger-than-expected iPhone sales in China during the June quarter, driven by discounts and subsidies. However, the firm warned of longer-term risks including muted iPhone 17 demand, regulatory pressure on App Store and Google revenues, and potential EPS impacts of up to 7% from tariffs on imports. Separately, Bloomberg reported that Apple supplier Foxconn has started recalling hundreds of Chinese engineers and technicians from its iPhone factories in India over the past two months.

Amazon.com Inc (AMZN)

-0.21%

Founder and chairman Jeff Bezos sold approximately $737 million worth of the company’s shares between June 27 and June 30 under a prearranged Rule 10b5-1 trading plan, with the bulk of shares sold at prices around $221–$223. Despite the sale, Bezos remains Amazon’s largest individual shareholder, retaining 905 million shares valued at nearly $200 billion.

Palantir Technologies Inc (PLTR)

+0.33%

The company, in partnership with BlueForge Alliance, has launched "Warp Speed for Warships," a U.S. Navy–funded initiative aimed at accelerating warship production and digitally transforming the maritime industrial base. The program extends the companies’ existing partnership to enhance fleet readiness and revitalize American shipbuilding capabilities.

Intel Corp (INTC)

-1.05%

On watch after Reuters reported that CEO Intel CEO Lip-Bu Tan is considering halting external sales of the company’s expensive 18A chipmaking process due to limited customer interest and mounting financial losses. The move signals a notable shift in strategy. While Intel plans to use 18A internally and honor select contracts, the focus may now pivot to the next-gen 14A node as the company seeks to recover from an $18.8 billion loss in 2024.

Alphabet Inc (GOOGL)

-0.07%

A California jury has ordered Google to pay over $314.6 million to Android users in the state, finding the company improperly collected data from devices without user consent while they were idle. Google plans to appeal the verdict, arguing the decision misinterprets essential Android services. Plaintiffs in the case, meanwhile, opined that the ruling underscores the seriousness of Google's misconduct.

BP PLC (BP)

+2.82%

Trading higher premarket amid ongoing takeover and acquisition rumors. On Tuesday afternoon, Sky News reported that Clayton Dubilier & Rice, which counts BP chairman Helge Lund as an advisor, is among the bidders for BP’s $8 billion Castrol lubricants unit. This update follows a flurry of reports last week suggesting that Shell was considering acquiring BP; Shell denied the claims, which means that it must wait six months if it chooses to make an offer for the company under UK regulations.

Netflix and Spotify

+0.54%

Both stocks are on watch after the Wall Street Journal reported that Netflix held talks with Spotify about collaborations like a music awards show or concert series. The company is also reportedly considering collaborating to provide celebrity interviews and quick-turnaround documentary content. Additionally, Canaccord Genuity raised its price target for Netflix to $1,525 from $1,380.

NFLX, SPOT

Centene Corp (CNC)

-28.67%

Gapping down after withdrawing its guidance for FY 2025. This includes its GAAP and adjusted diluted EPS projections, as well as “underlying guidance elements”. The company attributed the withdrawal to weaker-than-expected market growth in 22 of its 29 marketplace states. Analysts including BofA and Cantor Fitzgerald cut their price targets for the stock following the update.

Earlyworks Co Ltd (ELWS)

+84.74%

Gapping up after the Nasdaq Hearings Panel extended the company’s timeline for regaining compliance with listing requirements. The company has a market capitalization of approximately $10.43 million.