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

Tesla Inc (TSLA)

-6.17%

Tesla reported mixed quarterly results, highlighted by strong top-line growth but weaker profitability. Quarterly revenue reached $28.236 billion—a 25.52% increase year-over-year from $22.496 billion—beating analyst consensus estimates of $25.706 billion by nearly 10%. However, earnings per share fell to $0.33, missing the expected $0.50 per share by 34% and marking a 17.5% drop from the $0.40 per share reported in the same period last year. All of this was overshadowed by increased CapEx which resulted in a negative free cash flow of $1.09B

Alphabet In (GOOGL)

-4.36%

Alphabet delivered a massive Q2 beat, reporting EPS of $9.11 (vs. $2.87 expected, up 294% YoY) and revenue of $119.80 billion (vs. $116.64 billion expected, up 24% YoY). Growth was bolstered by newly recognized revenue from TPU sales, though ongoing compute constraints will require expanding the use of third-party capacity in Q3 while internal infrastructure expands. Reflecting heavy AI infrastructure investments, management raised full-year 2026 capex guidance to $195B–$205B and signaled another significant spend increase coming in 2027. This weighed heavily on the stock as well as negative Free cash flow which was pushed into the read for the first time

International Business Machines (IBM)

-1.10%

Shares slightly lower after the company reported quarterly operating EPS of $2.93 (up 4.6% YoY) and quarterly revenue of $17.16 billion (up 1.1% YoY), slightly ahead of modified consensus estimates. Looking ahead, the company sees full-year 2026 sales between $70.24B and $70.91B, framing an expected constant-currency growth rate of 4% to 5% as enterprise demand shifts and management trims its full-year outlook. This comes on the heels of last weeks preliminary earnings report that led to the stocks worst single day performance ever.

Service Now Inc (NOW)

+6.54%

Trading higher premarket after they reported strong Q2 2026 financial results, with quarterly EPS of $0.90 beating Wall Street estimates of $0.85, and revenue increasing 23.9% year-over-year to $3.99 billion (topping consensus expectations of $3.93 billion). The company raised its full-year subscription revenue outlook after beating the top end of its guidance across all second-quarter growth and profitability metrics, anchored by subscription revenue reaching $3.88 billion and total remaining performance obligations growing 21% to $29 billion. Additionally, ServiceNow reached a major milestone as its AI business surpassed $1 billion in annual contract value. Despite the beat they are still down roughly 31% on the year.

Oil and Energy Stocks (USO)

+5.13%

Trading higher as a group as Yemen’s Houthi rebels launched an attack on two Saudi oil tankers in the Red Sea, threatening to expand the regional conflict and further disrupt global fuel and commodity markets. The assault coincided with a 12th consecutive night of U.S. military strikes aimed at degrading Iran's ability to threaten maritime traffic and reopening the crucial Strait of Hormuz. In response to the escalating standoff, U.S. President Donald Trump warned that the military would target an Iranian bridge or power plant for every ship fired upon in the strait.

OXY, XOM, CVX, USO, TPET, EONR, BATL, SKYQ

Intel Inc (INTC)

+0.95%

Trading slightly higher ahead of key earnings after the bell tonight. Analysts are expecting earnings of $0.22 per share compared to a loss of $0.10 a year ago with revenues of $14.45B which would represent growth of 12% YoY. Additionally, Intel is seeking a partner to help with its Delayed Ohio Campus. It has been reported that SK Hynix may be among the companies that are being considered. Earlier this week Sk Hynix denied reports they were in talks to buy the Ohio facility.

SKHY

Hut8 (HUT)

5.42%

Gapped higher after getting a coverage initiation from Morgan Stanley. They initiated with an Overweight rating and a price target of $263 more than double the current price. They sited recent deals with hyperscalers as they launched this coverage and on 3 additional bitcoin miners turned high performance computing companies

WeBuy Global LTD. (WBUY)

35.88%

The low float (4m) company is gapped higher after it is reported they are expanding their China inbound Tourism strategy through PATA membership, also industry partnerships and AI assisted Travel services.