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

1100 - NY Fed inflation expectations for June: Prior 3.2%
1500 - Consumer credit change for May: Expected $10.55B; Prior $17.87B

Big Tech and Semiconductors

+0.65%

On watch as a group amid ongoing tariff discussions and announcements from the US. On Monday, President Donald Trump began revealing a series of letters sent to a number of countries featuring the tariff rate that the country will be charged should a deal not be reached by August 1. Fourteen total letters were released on Monday, and White House Press Secretary Karoline Leavitt indicated that more letters will be unveiled in the coming days.

AMD, NVDA, GOOGL, PLTR, MSFT, AMZN, ARM, AVGO, MU, MRVL, SMCI

Apple and Meta Platforms

+0.32%

Bloomberg reported that Ruoming Pang, Apple's AI model lead, is leaving to join Meta Platforms as part of the company's aggressive push into superintelligence. According to the report, Pang is set to receive a compensation package worth tens of millions annually. Evercore ISI reiterated its Outperform rating and $250 price target on Apple following the report, viewing Pang’s departure as only a mild setback amid broader leadership changes under new AI head Mike Rockwell. Additionally, Meta’s price target was increased from $664 to $783 by Wells Fargo.

AAPL, META

Tesla Inc (TSLA)

+0.74%

Rebounding premarket after declining by almost 7% on Monday. Research analysis firm Ortex noted that Tesla short sellers earned an projected $1.4 billion from the decline, which came amid CEO Elon Musk’s announcement of plans to start a new U.S. political party and his public feud with President Donald Trump. The falling-out of Trump and Musk was also attributed to the stock’s largest single-day market value decline on June 5, 2025.

CoreWeave (CRWV)

-1.16%

A series of analysts have issued negative notes on the stock after the company announced plans to acquire Core Scientific in an all-stock deal. Stifel downgraded CoreWeave to Hold from Buy despite raising its price target to $115 from $75, citing near-term uncertainties surrounding the acquisition. Mizuho downgraded the stock to Neutral from Outperform while hiking its price target to $150 from $70, a move that the analyst attributed to a more balanced risk/reward profile for CoreWeave following its 300% surge since its IPO.

Datadog Inc (DDOG)

-3.02%

Trading sharply lower premarket after Guggenheim downgraded the stock to Sell from Neutral with a $105 price target. The analyst attributed the rating to near-term revenue risks from OpenAI potentially shifting away from Datadog’s services in favor of more cost-efficient, in-house solutions. While the firm views this as a customer-specific issue rather than a broader trend, it sees up to a $150 million revenue gap in 2026 that other clients are unlikely to fill quickly. Datadog is set to begin trading as part of the S&P 500 on July 9.

Chinese ADRs

+0.82%

Trading marginally higher as a group following a strong overnight session in China, with the CSI 300 Index and the tech-heavy Hang Seng Index rising by 0.84% and 1.09%, respectively. This strength has been attributed in part to the fact that US President Donald Trump has yet to share a tariff letter directed at the country. The fact that some countries are set to receive lower rates than suggested on Liberation Day is also giving investors optimism that tariffs on China may be lower than feared.

BABA, BILI, BIDU, PDD, JD, XPEV, NIO, LI, KWEB, FXI

Bank of America Corp (BAC)

-1.87%

Trading lower premarket after HSBC downgraded the stock to Hold from Buy, increasing its price target from $47 to $51. The analyst noted Bank of America’s balanced risk-reward profile despite year-to-date underperformance and limited earnings growth visibility. While the company’s valuation has expanded in line with peers, HSBC sees only modest upside amid concerns over weaker 2026 EPS expectations. Bank of America is expected to report earnings before the bell on Wednesday, July 16.

Solar Stocks

-4.23%

Trading lower as a group after President Trump signed an executive order tightening eligibility for solar and wind tax credits. According to the order, substantial construction progress is required before projects can lock in incentives. The move follows Trump’s $3.4 trillion budget bill aimed at ending clean energy support.

SEDG, RUN, ENPH, FSLR, TAN

Unity Software Inc (U)

-1.36%

Trading lower premarket following a share sale from one of the company’s directors. According to a filing with the SEC, Tomer Bar-Zeev sold 50,000 Unity shares on July 3. The prices of the shares sold ranged from $25 to $25.21, with the proceedings of the sale totaling $1.25 million. On Monday, Wells Fargo raised its price target on the stock from $19 to $24 while maintaining an Equal-Weight rating.

ENDRA Life Sciences Inc (NDRA)

+160.34%

Gapping up after announcing that it will receive a US patent, titled “Radio Frequency Applicator”. The stock has a float of approximately 738,280 shares and a market capitalization of $6.92 million.