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

0830 - Initial jobless claims: Expected 225k; Prior 229k
0830 - Philly Fed business index for June: Expected 10; Prior -0.4

Intel Corp (INTC)

+8.41%

Gapping up after US President Donald Trump lauded the company in a Truth Social post about the importance of building semiconductors in America. Trump mentioned Intel’s previously-announced collaborations with Nvidia and the Elon Musk-led Terafab project before writing that “Apple has agreed to work with Intel to design and build” chips in the US. In early May 2026, Bloomberg reported that Apple and Intel struck a preliminary deal related to the manufacturing of certain chips used in Apple’s devices. The US government took a 9.9% stake in Intel in August of 2025.

Space Exploration Technologies Corp (SPCX)

-1.36%

Trading lower after closing red to end its fourth-ever trading session on Wednesday, breaking its three-day winning streak. On Wednesday afternoon, the company unveiled via a filing that Roeleof Botha will become the eighth member of SpaceX’s board. Botha and SpaceX CEO Elon Musk worked together at PayPal in the early 2000s. Separately, Arete Research initiated coverage on SpaceX with a Buy rating and a $401 price target.

Oklo Inc (OKLO)

+3.15%

Trading higher premarket after signing a letter of intent with Centrus Energy to supply HALEU fuel for up to five Aurora powerhouses, with deliveries from Centrus’ American Centrifuge Plant in Ohio expected to begin in 2029. Separately, Oklo signed an MOU with Kiewit Nuclear Solutions for EPC planning as it advances its planned 1.2 GW southern Ohio campus, while Centrus continues work under its previously announced $900 million DOE HALEU contract.

Accenture PLC (ACN)

-11.22%

Gapping down after its Q3 2026 earnings report. Revenue grew by 6% year-over-year to $18.7 billion, though new bookings of $19.3 billion represented a decline from $19.7 billion in the prior-year quarter. The company projected 3% to 4% year-over-year revenue growth for FY 2026, with its GAAP diluted EPS outlook for the year implying 10%-11% growth. Additionally, Accenture is making a $4.175 billion cybersecurity expansion by acquiring a majority stake in Dragos and fully buying runZero and NetRise.

Micron Technology Inc (MU)

+4.37%

Trading sharply higher premarket after Wedbush raised its price target on the stock to $1,300 from $500 while maintaining an Outperform rating, noting the stock’s sharp rally to about $1,043 and proximity to its 52-week high of $1,110. The firm also lifted its revenue and EPS forecasts, citing sustained AI-driven demand through 2027–2028 and a low risk of memory chip oversupply over the next 18 months.

Pfizer Inc (PFE)

-1.66%

Trading lower premarket after announcing the departure of CFO Dave Denton, effective August 16. Cecile Guegan, who serves as the senior VP of finance for the company’s global biopharmaceutical operations, is set to serve as interim CFO once Denton departs. Pfizer noted that both internal and external candidates will be considered as the company searches for a permanent CFO.

Oil and Energy Stocks

-0.87%

On watch as a group after US President Donald Trump and Iranian President Masoud Pezeshkian virtually signed a 14-point memorandum of understanding, a step towards ending the conflict between the countries. Initial reporting and comments suggested the document was set to be signed on Friday, at which point the parties would have 60 days to negotiate a deal.

USO, OXY, XOM, DVN, COP, CVX

Kroger Co (KR)

-3.01%

Trading sharply lower premarket after its Q1 2026 earnings report. Total sales came in at $46.1 billion, above the $45.1 billion reported in Q1 2025. Identical sales (not including fuel) increased by 1% year-over-year, compared to 3.2% growth in Q1 2025; earnings of $1.46 per share, however, improved from $1.29 in the prior-year quarter. The company’s gross margin declined from 23% to 22.7% on a year-over-year basis.

Apple Inc (AAPL)

+0.44%

In an interview with the Wall Street Journal, Apple CEO Tim Cook reportedly said the company is planning to raise prices on some products as increasing demand for AI infrastructure drives up DRAM and NAND memory costs. Cook indicated that supply pressure from AI servers is making current component costs increasingly difficult to absorb.

Google Inc (GOOGL)

-0.41%

Noam Shazeer, the co-lead of the company’s Gemini AI, is leaving Alphabet to join OpenAI. This update comes less than two years after Google reportedly spent $2.7 billion to bring him back from Character.AI. Shazeer, a Google veteran and co-author of the influential 2017 Transformer paper, played a key role in advancing Gemini and narrowing the gap with ChatGPT.

Kardigan Inc (KARD)

0.00%

Set to debut on the Nasdaq via initial public offering on Thursday, June 18. Kardigan raised $400 million in an upsized IPO after pricing 25 million shares at the top of its $14-to-$16 range. The biotech company is developing three late-stage therapies targeting genetic dilated cardiomyopathy, calcific aortic valve stenosis, and severe hypertension.

IREN Ltd (IREN)

+4.24%

Gapping up after Jefferies initiated coverage of the stock with a Buy rating and a $79 price target, highlighting its transformation into a vertically integrated AI infrastructure and GPU cloud provider. The firm pointed to major Microsoft and Nvidia contracts supporting about $3.1 billion in ARR and strong long-term upside from its large powered land bank and data center capacity.

KKR & Co (KKR)

+0.57%

Reuters reported that the company is in advanced talks to acquire a majority stake in Medicover's Indian business for at least $1 billion, expanding its healthcare presence in India. Separately, KKR announced a new $1.4 billion aircraft leasing investment with Altavair to capitalize on ongoing aircraft supply constraints affecting Airbus and Boeing.

Rumble Inc (RUM)

+16.44%

Gapping up after announcing plans to rebrand as “RUM Group” and launch a new AI-focused business unit alongside its existing video platform and cloud services operations. The company also highlighted its planned acquisition of Northern Data (rebranded Quake AI), which brings about 22,000 Nvidia H100 and H200 GPUs and significant unmonetized energy capacity and contracted revenue.

Freecast Inc (CAST)

+196.22%

Gapping up after signing a reseller agreement to offer Starlink Business satellite broadband services. The company plans to bundle Starlink connectivity with its streaming TV, advertising, local content, subscription management, and digital engagement offerings. Freecast has a market capitalization of $212.9 million and a float of 16.5 million shares.