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

0830 - NY Fed manufacturing for June: Expected 13.5; Prior 19.6
1000 - NAHB housing market index for June: Expected 37; Prior 37

Oil and Energy Stocks

-3.44%

Trading sharply lower as a group after President Donald Trump announced that the US had reached a deal with Iran to reopen the Strait of Hormuz and end the naval blockade, easing fears of supply disruptions. Trump indicated that oil shipments would resume following a peace agreement signing in Switzerland and the removal of mines from the waterway.

USO, OXY, XOM, CVX, DVN, COP

Space Exploration Technologies Corp (SPCX)

+4.70%

Gapping up ahead of its second-ever trading session following a blockbuster IPO on Friday. The stock opened at $150 per share, above its IPO price of $135, and traded as high as $176.50 before retreating to close just below $161. SpaceX’s initial public offering was the largest in history. In a social media post shared on Sunday, CEO Elon Musk indicated that he thinks the company’s revenue could reach $1 trillion by the year 2030.

Roku and Fox Corp

+1.33%

On watch as a pair after Fox announced plans to acquire Roku for $160 per share in a combined cash and stock transaction. The deal, set to close in H1 2027, would give Roku an enterprise value of roughly $22 billion. Roku closed at $143.66 on Friday and is trading marginally higher premarket, while Fox is gapping down.

ROKU, FOX

Crypto Stocks

+4.88%

Trading sharply higher as a group in tandem with market-wide strength on news of a deal to end the tensions between the US and Iran. Bitcoin closed green to end the week of June 8-14, concluding a four-week red streak, and is trading around $66,000 as of Monday at 7:10 AM ET. Ethereum also broke a multi-week losing streak on Sunday and is trading around $1,740 as of Monday morning.

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

Tesla Inc (TSLA)

+1.51%

The company has submitted self-published Full Self-Driving safety statistics to regulators in Sweden and the Netherlands as it seeks broader European approval for the system. According to a previously-published Reuters review, some of the comparisons used in Tesla's data may overstate FSD's safety performance. Reuters reported that Tesla has presented this data to some European regulators in its quest for FSD approval, raising concerns about potentially misleading claims.

Memory Stocks

+8.11%

Trading sharply higher as a group after news of a US–Iran peace agreement helped ease geopolitical tensions around the Strait of Hormuz. The rally builds on strong momentum driven by AI data center demand, tight supply conditions, and expectations of continued capacity expansion across major memory producers. South Korean memory plays like SK Hynix and Samsung made advances in the overnight session.

MU, SNDK, WDC, STX, DRAM

Meta Platforms Inc (META)

+1.33%

Reuters reported that CEO Mark Zuckerberg issued an internal memo during which he told employees that the company's AI-driven workforce transformation has involved mistakes. The memo further suggested that Zuckerberg believes the company will likely continue to face challenges with its AI transformation as the technology evolves. Following a recent restructuring that included 10% layoffs and the reassignment of 7,000 employees to AI initiatives, Zuckerberg said Meta does not expect additional company-wide layoffs this year and will seek new roles for affected workers.

Paramount Skydance and Warner Bros Discovery

+1.21%

On watch as a pair after the US Justice Department cleared Paramount Skydance's proposed $110 billion acquisition of Warner Bros. Discovery. After an extensive review, the agency concluded that that the deal is likely to enhance competition and benefit consumers and workers. The transaction still requires FCC approval related to foreign investors' ownership of debt tied to the merger.

PSKY, WBD

Intel Corp (INTC)

+3.40%

Continuing to trade higher after gaining more than 9% on Friday, contributing to the stock’s more-than-25% gain on the week. BofA double-upgraded Intel from Underperform to Buy on Friday due to improved outlooks for the company’s foundry and CPU businesses.

TeraWulf Inc (WULF)

+6.43%

Gapping up after BofA Securities initiated coverage of the stock with a Buy rating and a $34 price target, citing the company's transition from bitcoin mining to AI-focused high-performance computing infrastructure. The firm sees a multiyear growth opportunity as TeraWulf targets 1.8–3.0 gigawatts of IT capacity by 2030, with key near-term catalysts including expansions at Lake Mariner and securing a customer for its Kentucky data center project. TeraWulf has a market capitalization of $12.91 billion, and approximately 31.7% of the stock’s float is sold short.

Freecast Inc (CAST)

+238.71%

Continuing to trade higher premarket following a strong showing on Friday. The stock’s recent strength came after Freecast announced the expansion of its partnership with DIRECTV to integrate its streaming service more broadly across residential and Platform-as-a-Service ecosystems. Freecast has a market capitalization of $64.08 million and a float of roughly 16.52 million shares.