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

0830 - Retail sales m/m for May: Expected -0.6%; Prior 0.1%
0830 - Core retail sales m/m for May: Expected 0.2%; Prior 0.1%
0830 - Import prices m/m for May: Expected -0.2%; Prior 0.1%
0915 - Industrial production m/m for May: Expected 0.0%; Prior 0.0%
1000 - Business inventories m/m for April: Expected 0.1%; Prior 0.1%
1000 - NAHB housing market index for June: Expected 36; Prior 34

Microsoft Corp (MSFT)

-1.10%

On watch after The Information reported that OpenAI is negotiating with Microsoft to secure key concessions as part of its planned restructuring into a public-benefit corporation. These discussions reportedly include asking Microsoft to forgo future profit rights in exchange for a 33% equity stake and to limit revenue-sharing obligations. The talks signal growing tension in the high-profile partnership, with OpenAI also possibly seeking to exempt its Windsurf acquisition from Microsoft’s access to its intellectual property.

Solar Stocks

-11.43%

Trading sharply lower as a group after the Senate Finance Committee unveiled their changes to President Donald Trump’s “One Big Beautiful Bill Act”; the bill would eliminate tax credits for solar, wind, and energy by 2028. Analysts from Guggenheim and Goldman Sachs flagged major risks for residential solar stocks after the Senate revisions proposed phasing out tax credits for solar leasing starting in 2026, prompting hedge funds to call the residential outlook “dead.” However, both analysts noted that utility-scale names like First Solar are likely to benefit from the bill.

FSLR, ENPH, RUN, SEDG

T-Mobile US Inc (TMUS)

-6.00%

Reuters reported that SoftBank raised $4.8 billion by selling 21.5 million T-Mobile shares at $224 each, a roughly 3% discount to T-Mobile’s recent closing price of $230.99. Despite the sale, SoftBank remains T-Mobile’s second-largest shareholder, holding a significant stake even after previously securing $7.59 billion worth of additional shares through the Sprint-T-Mobile merger agreement.

NVIDIA Corp (NVDA)

+0.11%

On watch after Barclays raised its price target on the stock to $200 from $170, citing roughly $2 billion upside in July versus Street estimates and stronger-than-expected Compute demand despite a shortfall in Blackwell wafer capacity. The firm sees mid-teens quarter-over-quarter Compute revenue growth into October and January. The company is reportedly attending a key supply-chain expo in Beijing in July. Separately, key Nvidia supplier SK Hynix traded at its highest level in over two decades during the overnight session following reports that it is planning to build the largest AI data center in South Korea.

Tesla Inc (TSLA)

-0.62%

Wells Fargo reiterated its Underweight rating on the stock, now projecting a $1.9 billion free cash flow burn in 2025; this would mark Tesla’s first negative FCF year since 2018. The firm attributed the negative outlook on the company to stagnant Q2 deliveries, weakening margin leverage, high $11B capex, and growing EBIT risk from potential loss of ZEV credits. Wells Fargo also flagged delays on Tesla’s next-gen vehicle and muted guidance as additional concerns.

Palantir Technologies Inc (PLTR)

+0.54%

On watch after the Defense Department announced that it has given a $200 million contract to OpenAI. William Blair analysts noted that Palantir could face new competitive pressure following the announcement, especially given the size of the deal and the fact that this is OpenAI’s first major government win. The analyst warns that Palantir shares may trade lower in the near term due to their recent run-up, premium valuation, and signs that OpenAI is starting to encroach on Palantir’s core software and ontology domain.

Apple Inc (AAPL)

-0.36%

A federal judge ruled that the company must face a proposed class action accusing it of illegally monopolizing digital storage by requiring iPhone users to back up core data through iCloud, potentially causing consumers to overpay. Judge Eumi Lee revived the lawsuit after previously dismissing it, citing new allegations that emphasize the essential role of iCloud for backing up restricted iPhone data like settings files. Separately, UBS maintained its Neutral rating and $210 price target for Apple, citing weak long-term demand signals and uninspiring WWDC announcements,.

Pharmaceutical Stocks

-0.87%

Trading marginally lower as a group after President Donald Trump commented that pharmaceutical tariffs are coming “very soon”. Speaking aboard Air Force One early on Tuesday morning, Trump reiterated his goal to revive the U.S. pharmaceutical industry after previously shelving similar plans in April. Additionally, the Financial Times reported that Eli Lilly is in advanced talks for an up-to-$1.3 billion acquisition of Verve Therapeutics.

LLY, PFE, MRNA, AZN, ABBV

Advanced Micro Devices Inc (AMD)

+0.72%

Poised to open higher after gaining nearly 9% on Monday. The rally was attributed to a handful of factors, including a price target increase from Piper Sandler and overall optimism following last week’s Advancing AI event.

Meta Platforms Inc (META)

-0.33%

The stock has received positive analyst notes from Wells Fargo and Jefferies ahead of Tuesday’s session. Wells Fargo maintained its Overweight rating and $664 price target on the stock following after the company announced plans to include ads in WhatsApp status, expecting the feature to lead to a $6 billion increase in revenue. Jefferies, meanwhile, raised its price target for Meta from $700 to $790, citing the company’s emerging leadership in consumer AI.

Digital Turbine Inc (APPS)

+8.73%

Gapping up following its Q4 2025 earnings report. Revenue was reported at $119.15 million, beating analyst estimates of $116.64 million and representing 6.2% year-over-year growth. The company reported earnings of $0.10 per share, above consensus estimates but marking a year-over-year decline. Digital Turbine guided revenue between $515 million and $525 million for fiscal 2026, the midpoint of which is in-line with analyst estimates.