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

1000 - UMich consumer sentiment for June: Expected 53.6; Prior 52.2
1000 - UMich 5yr inflation expectations for June: Expected 4.1%; Prior 4.2%
1000 - UMich 1yr inflation expectations for June: Expected 6.4%; Prior 6.6%

Oil and Energy Stocks

+4.82%

Trading sharply higher as a group after Israel launched airstrikes on Iran, escalating geopolitical tensions and triggering a surge in oil prices. Brent and WTI crude prices spiked more than 8% in the wake of the strike. President Donald Trump urged Iran to make a nuclear deal with the US in a subsequent Truth Social post.

USO, UNG, BOIL, XOM, OXY, CVX, INDO

Meta Platforms Inc (META)

-1.55%

The company announced a $14.3 billion strategic minority investment in Scale AI, valuing the company at over $29 billion and securing a 49% stake to strengthen its AI development efforts. As part of the deal, Scale CEO Alexandr Wang will join Meta to support its AI initiatives while remaining on Scale’s board; Chief Strategy Officer Jason Droege will step in as interim CEO of Scale. This announcement follows several reports throughout the week suggesting a major deal between the two companies.

Apple Inc (AAPL)

+0.20%

On watch after Reuters reported that the company has sharply increased iPhone shipments from India to the U.S. According to customs data, 97% of Foxconn’s Indian exports between March and May were directed to American consumers, up from just over 50% in 2024. The move comes as Apple seeks to avoid escalating U.S. tariffs on China-made goods. Analysts from Counterpoint Research project that up to 30% of global iPhone production could come from India in 2025; the firm also reported that iPhone were best-selling smartphone in China in May. Separately, Bloomberg reported that the company is aiming to release its long-awaited AI-based Siri upgrade in spring 2026.

Airlines and Cruise Lines

-3.78%

Trading sharply lower as a group following news of Israel’s strikes on Iran, leading to a spike in fuel prices. The strikes and ongoing geopolitical tensions could also impact demand in the sectors. The airline tension is also on watch following a fatal Air India crash on Thursday.

AAL, UAL, CCL, NCLH, LUV, RCL

Advanced Micro Devices Inc (AMD)

-1.34%

On watch after its “Advancing AI” event on Thursday, during which it unveiled the Helios AI server. Set to launch in 2026, Helios features 72 MI400 chips per unit, directly challenging Nvidia’s NVL72 system and signaling a shift toward integrated AI server platforms. CEO Lisa Su emphasized open collaboration, announcing that Helios' networking standards will be shared with competitors. Leaders from OpenAI, Meta, xAI, and Oracle highlighted their adoption of AMD chips during the event.

Crypto Stocks

-2.46%

Trading lower as a group in tandem with Bitcoin, which is poised for a third straight red session. The cryptocurrency is trading lower alongside the rest of the market as traders digest escalating tensions in the Middle East. Bitcoin is trading just below $105,000 as of 7:15 AM ET. Additionally, Coinbase announced the upcoming launch of the Coinbase One Card, a metal credit card offering up to 4% cashback in Bitcoin.

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

Tesla Inc (TSLA)

-1.66%

The company has filed a federal lawsuit accusing former employee Zhongjie "Jay" Li of stealing confidential materials related to its Optimus robot and launching a rival startup, Proception Inc., which allegedly showcased similar humanoid hand designs within months. The lawsuit claims trade secret misappropriation, highlighting the strategic importance of Optimus, which Elon Musk believes could become Tesla's most valuable product and impact global GDP within a few years. The company’s hotly-anticipated Robotaxi is expected to launch on June 22.

Adobe Inc (ADBE)

-3.31%

Trading lower premarket following its Q2 2025 earnings report. The company reported record quarterly revenue of $5.87 billion, beating estimates of $5.79 billion, and adjusted earnings of $5.06 per share also beat estimates of $4.96. Adobe guided adjusted earnings between $5.15 and $5.20 per share for Q3 2025, above estimates of $5.10, and projected sales of $5.87 billion to $5.925 billion, largely beating estimates of $5.87 billion. The company raised its FY25 sales and EPS guidance, both of which also exceeded expectations.

Amazon.com and Walmart

-0.73%

On watch after the Wall Street Journal reported that both companies are exploring the creation of their own US dollar-backed stablecoins, reflecting growing institutional interest amid clearer U.S. regulations. Brand-specific stablecoins could streamline payments and potentially save the retail giants billions in banking fees by enabling faster, cheaper transactions.

AMZN, WMT

United States Steel Corp (X)

-3.93%

Trading sharply lower with notable premarket volume. On Thursday, President Donald Trump claimed the US holds a "golden share" in United States Steel, granting Americans 51% ownership as part of the deal for Nippon Steel to acquire the company. While the exact structure of this claim remains unclear, Trump asserted that the share gives the US and its president control over the steelmaker.

MP Materials Corp (MP)

+2.71%

The stock surged on Thursday afternoon after a Bloomberg report revealed the Trump administration is considering invoking the Defense Production Act to boost domestic rare earth production, potentially benefiting MP as the sole U.S. producer. The initiative aims to reduce dependence on China by funding critical mining and processing projects, with a long-term goal of establishing a full “mine-to-magnet” supply chain within the U.S. MP Materials has a short float of approximately 23.28%.

AST SpaceMobile Inc (ASTS)

-1.08%

On watch after securing an 80-year agreement for up to 45 MHz of lower mid-band spectrum in the U.S. and Canada through a settlement with Ligado, Viasat, and Inmarsat, supported by $550 million in institutional financing. Pending regulatory approval, the deal would give ASTS the largest nationwide mid-band spectrum block in the US and allow it to expand its direct-to-device satellite broadband network.