^{_{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 139k
0830 - Unemployment rate for June: Expected 4.3%; Prior 4.2%
0830 - Initial jobless claims: Expected 240.5k; Prior 236k
0945 - S&P services PMI for June: Expected 53.1; Prior 53.1
0945 - S&P composite PMI for June: Expected 52.8; Prior 52.8
1000 - ISM services PMI for June: Expected 50.7; Prior 49.9
1000 - Factory orders m/m for May: Expected 8.2%; Prior -3.7%

Datadog Inc (DDOG)

+9.33%

The stock is set to join the S&P 500 index as of Wednesday, July 9, 2025. Datadog will be replacing Juniper in the index after the latter company’s acquisition by HPE.

Crypto Stocks

+1.04%

Trading higher as a group in tandem with Bitcoin, which is poised for its second straight green day. The cryptocurrency and related stocks rallied throughout Wednesday’s session, with Bitcoin reaching intraday highs just below $110,000. Among the crypto stocks that rallied on Wednesday, miners like Marathon Digital and Hut 8 were particularly strong. Additionally, IREN announced that it has purchased 2,400 NVIDIA Blackwell GPUs.

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

Meta Platforms Inc (META)

+0.62%

Trading marginally higher premarket after Needham upgraded the stock from Underperform to Hold. The analyst attributed the upgrade to better-than-expected Q2 results and strong labor productivity, noting the benefits of its globally scaled, software-only model. However, the firm maintained a cautious outlook due to strategic concerns, high stock-based compensation, slowing productivity gains, and regulatory risks.

Alibaba Group Holding Ltd (BABA)

-2.57%

The company announced plains to raise approximately $1.53 billion through exchangeable bonds tied to its stake in Alibaba Health Technology, aiming to fund cloud infrastructure and global commerce investments. The zero-coupon bonds, which can be exchanged for Alibaba Health shares, come amid growing investor interest in Asian credit markets following recent policy stimulus in China.

Apple Inc (AAPL)

-0.47%

Counterpoint Research reported that the company’s iPhone sales in China rose 8% year-over-year in Q2 2025, marking the first growth in the region since Q2 2023. The rebound was driven by well-timed price cuts and trade-in promotions ahead of China’s major 618 shopping festival, offering a positive sign amid broader challenges for Apple.

Tesla Inc (TSLA)

+0.11%

The company’s China sales for the month of June were reported at 61,000 units, up 59% on a month-over-month basis and growing by 3.7% year-over-year. Tesla sales in Germany, however, dropped by 60% year-over-year in June 2025. Tesla gapped up on Wednesday and traded relatively well throughout the session after reporting Q2 deliveries; quarterly deliveries of 384,122 units missed expectations, but Tesla’s Q2 production numbers exceeded estimates.

Robinhood Markets Inc (HOOD)

-1.62%

OpenAI denied any partnership Robinhood after the latter offered stock tokens tied to OpenAI and SpaceX in a European promotion. Robinhood clarified the giveaway was a limited offer facilitated through a special purpose vehicle, though it did not disclose further details. SpaceX has not commented on the matter as of yet.

Synopsis and Cadence Design Systems

+5.13%

Trading higher as a pair after the U.S. government has lifted export restrictions on chip-design software to China. This allows Synopsis and Cadence, as well as Siemens, to resume full sales and support to Chinese customers. The reversal comes just weeks after the companies were informed they needed licenses to export such technology, part of broader U.S. efforts to control semiconductor access.

SNPS, CDNS

Centene Corp (CNC)

+2.01%

Rebounding premarket after closing more than 40% lower on Wednesday, its worst single-day performance since at least 2006. The stock dropped after the company withdrew its guidance for fiscal 2025, citing lower-than-expected market growth in many of its key regions. Other health insurance plays, including UnitedHealth, sold off in sympathy with Centene, and several analysts downgraded the stock or reduced their price targets.

Tripadvisor Inc (TRIP)

+6.74%

Gapping up after the Wall Street Journal reported that Starboard Value has acquired a more-than-9% stake in the company. This position, valued around $160 million, suggests that Starboard will likely push for changes at the struggling travel platform. Wall Street Journal noted that a 13D filing from Starboard reflecting the purchases is expected soon.

FIEE Inc (MINM)

+38.20%

Gapping up after announcing it has entered into and completed an asset purchase agreement with Suzhou Yixuntong Network Technology to acquire intellectual property and fixed assets for $1.4 million. The stock has rallied in the past and has a float of 1.28 million shares.