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

0830 - Nonfarm payrolls for June: Expected 110k; Prior 172k
0830 - Initial jobless claims: Expected 218k; Prior 215k
0830 - Unemployment rate for June: Expected 4.3%; Prior 4.3%
0830 - Average earnings y/y for June: Expected 3.5%; Prior 3.4%
1000 - Factory orders m/m for May: Expected -2%; Prior 4.8%

Tesla Inc (TSLA)

+0.60%

In focus ahead of its Q2 2026 delivery report, expected to be released on the morning of Thursday, July 2. The Bloomberg consensus estimate suggests analysts on average are expecting Tesla to report the delivery of 396,465 vehicles; the average delivery expectation based on analyst notes compiled by Tesla’s Investor Relations team, meanwhile, is 406,024. Certain analysts - including Goldman Sachs, Barclays, and Morgan Stanley - are forecasting deliveries above 410,000 vehicles.

Apple Inc (AAPL)

+0.35%

Bloomberg, following a similar report from the Financial Times, reported that the company is in talks to source memory chips from Chinese suppliers CXMT and YMTC for devices sold in China as AI-driven shortages push up component costs. The discussions remain ongoing and no deal is finalized. The report suggested that Apple is also raising the issue with US officials given the geopolitical sensitivity of the suppliers’ ties and Pentagon scrutiny. Separately, Nikkei Asia reported that the company is planning at least five new iPhone models across late 2026 and early 2027, with production volumes for H2 2026 set at about 80 million units and total 2026 output expected to exceed 220 million.

Palantir Technologies Inc (PLTR)

+3.70%

Trading sharply higher premarket following an upgrade from DA Davidson. The analyst raised its rating on Palantir to Buy from Neutral and hiked its price target to $175 from $165, arguing the company's strong profit growth has made its valuation more attractive and reinforced its competitive position in AI software. The firm believes Palantir's AI orchestration platform gives customers flexibility to switch between AI models as needed, reducing dependence on any single provider and strengthening its long-term growth outlook.

Robinhood Markets Inc (HOOD)

+3.13%

Trading higher premarket as analysts weigh in on the stock following the company’s “The World is Flat” event on Wednesday. New developments announced at the event include the launch of Robinhood Chain, expanded crypto services and geographic reach (Canada, U.K., and Singapore approval), and new features like perpetual futures, lending, and lower-fee trading.Barclays reiterated an Overweight rating with an $82 price target on Robinhood, citing continued product expansion and platform enhancement following the event. Mizuho raised its price target to $130 from $115 and reiterated an Outperform rating, arguing that the online brokerage market remains fragmented and offers Robinhood room to expand globally.

Memory Stocks

-2.54%

Continuing to trade lower as a group following a sharp sector-wide pullback on Wednesday. All four leading memory stocks performed incredibly well in the first half of 2026, with Sandisk alone posting year-to-date gains of greater than 800% as of the close on June 30.

SNDK, MU, WDC, STX

Bending Spoons SpA (BSP)

-6.44%

Pulling back following a strong first session on the Nasdaq on Wednesday. Bending Spoons went public via a $1.7 billion IPO, opening at $31 - above its expected price range of $26-$28 - and closing at $40.50. The company is a technology conglomerate that has acquired the likes of Vimeo and Evernote.

Meta Platforms Inc (META)

+0.29%

The stock closed more than 8% higher on Wednesday after Bloomberg reported that the company is planning on building a cloud business in order to sell AI compute. Separately, India has asked Meta’s WhatsApp to justify its planned username feature and pause its rollout. Indian regulators cited concerns that the feature could increase fraud, phishing, and impersonation by allowing users to communicate without revealing phone numbers. The request escalates India's scrutiny of messaging platforms and puts pressure on WhatsApp to balance regulatory compliance with user privacy in its largest market of more than 500 million users.

NVIDIA Corp (NVDA)

-0.42%

On watch after announcing a new business model aimed at expanding compute access for AI startups and enterprises by partnering with AI cloud providers that purchase its infrastructure and then share revenue with Nvidia. Instead of only earning from hardware sales, Nvidia will now take a recurring, usage-based cut of cloud revenue, with early partners including Sharon AI and Firmus deploying large-scale GPU clusters.

Crypto Stocks

+3.32%

Trading higher as a group following a strong performance on Wednesday. Bitcoin gained more than 2% during the first session of H2 2026, opening around $58,000 and making highs above $61,000 before closing just below $60,000. Despite Bitcoin strength, BTC ETFs recorded their 10th straight day of outflows. The cryptocurrency is trading above $61,200 as of 7:20 AM ET on Thursday.

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

Alphabet Inc (GOOGL)

-0.57%

The company lost its appeal against the European Union's record antitrust fine over Android, upholding penalties related to practices that required phone makers to pre-install Google apps and restricted rival Android versions. The ruling strengthens the EU's crackdown on Big Tech and increases the likelihood of additional fines under the Digital Markets Act over Google's search and app store practices.

Walmart Inc (WMT)

+0.34%

On watch following a nearly 4% decline on Wednesday. Wolfe Research weighed in on the stock on Thursday morning, saying that concerns about a Walmart-led grocery price war are largely overstated. The analyst argued that credit card data and other checks still point to cautious near-term US same-store sales expectations below 4%. Wolfe added that Walmart views price-war fears as mostly headline-driven rather than real competitive shifts, noting that meaningful price gaps would require costly industry-wide investment of about $1–1.5B per 100 bps.

Microsoft Corp (MSFT)

+0.75%

The company has joined a consortium to build the I-2SEA undersea cable connecting India, Malaysia, and Singapore, expanding infrastructure to support growing AI, cloud, and hyperscale demand in one of the world's fastest-growing data markets. The project, which also includes Tata Communications, Singtel, ASEAN Cableship, and NEC, is expected to become operational in the fourth quarter of 2029.

Amazon.com Inc (AMZN)

+0.23%

The company said it will take appropriate action against its third-party delivery partner in India after a police investigation into a June 5 warehouse fire that killed two workers is completed. The company has also launched an independent internal investigation into the incident involving delivery partner M&M Logistics Solutions.

Infleqtion Inc (INFQ)

+3.63%

Trading sharply higher premarket after Canaccord Genuity initiated coverage on the stock with a Buy rating and a $22 price target, highlighting the company’s unique dual model in quantum computing and quantum sensing. The firm sees Infleqtion’s neutral-atom approach as more scalable than chip-based rivals and values its current revenue from defense and aerospace sensing products, supported by strong cash reserves and growing software and hardware platforms.

StablecoinX Inc (USDE)

+138.46%

Gapping up after announcing the launch of its flagship platform, StablecoinX Harness, a middleware system designed to simplify stablecoin operations by unifying multiple functions into a single integration. The platform allows users to accept, hold, and route major stablecoins while earning staking rewards, reducing the need for fragmented crypto infrastructure and aiming to speed adoption among businesses and institutions. StablecoinX has a market capitalization of $12.1 million and a float of 5.5 million shares.