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

0830 - PCE price index y/y for May: Expected 2.3%; Prior 2.1%
0830 - PCE price index m/m for May: Expected 0.1%; Prior 0.1%
0830 - Core PCE price index y/y for May: Expected 2.6%; Prior 2.5%
0830 - Core PCE price index m/m for May: Expected 0.1%; Prior 0.1%
0830 - Consumer spending m/m for May: Expected 0.1%; Prior 0.2%
0915 - Fed’s Hammack and Fed’s Cook speak
1000 - UMich consumer sentiment for June: Expected 60.5; Prior 60.5

Nike Inc (NKE)

+9.69%

Gapping up after its Q4 2025 earnings report, with earnings of $0.14 per share and sales of $11.1 billion beating estimates of $0.11 and $10.72 billion, respectively. Despite the beat, revenue declined by 12% on a year-over-year basis, with Greater China revenue dropping by 21%; the company reported year-over-year revenue declines in every segment and region. CFO Matthew Friend guided a roughly $1 billion gross incremental cost increase for Nike in fiscal 2026 due to tariffs.

Semiconductors

+1.68%

On watch as a group after China confirmed that it has reached an agreement with the US on a trade framework aimed at easing tech restrictions and facilitating rare earth exports. China is committed to reviewing export applications, and the U.S. is pledging to lift certain restrictions. Additionally, Reuters reported that the Trump administration is planning executive actions under an AI Action Plan, set for release on July 23, to expand energy infrastructure supporting AI growth.

AMD, NVDA, ARM, MU, MRVL, AVGO

Tesla Inc (TSLA)

+0.50%

Xiaomi has launched its YU7, its first all-electric SUV and a direct competitor to Tesla’s Model Y. The vehicle drew over 289,000 orders within hours of unveiling. Priced from about $35,000, the YU7 undercuts the Model Y and enters a fiercely competitive Chinese EV market marked by aggressive pricing from rivals like BYD. On Thursday, several outlets reported that Tesla executive and Elon Musk confidant Omead Afshar is leaving the company after an eight-year stint, with Forbes reporting that Afshar was fired.

CoreWeave and Core Scientific

+1.95%

On watch as a pair after the Wall Street Journal reported on Thursday that CoreWeave is in talks to acquire Core Scientific. Analysts from Cantor Fitzgerald weighed in on the report on Friday morning, noting that the potential acquisition could value Core Scientific shares at over $30 and provide strategic and financial benefits for CRWV. Cantor Fitzgerald argued that the deal would allow CoreWeave to save billions by directly owning data center infrastructure it is already committed to leasing.

CRWV, CORZ

Li Auto Inc (LI)

-2.89%

Trading lower premarket after cutting its vehicle delivery outlook for Q2 2025. The company is now expecting to report the delivery of approximately 108,000 vehicles, a notable drop compared to its previous estimate of 123,000 to 128,000 vehicles. Li Auto attributed the new guidance to changes to its organization and sales systems.

Super Micro Computer Inc (SMCI)

+2.35%

Trading sharply higher premarket. The company announced the closing of its $2.3 billion convertible note offering. Super Micro noted that the funds raised from the offering will go towards expanding its manufacturing in the US and abroad, along with expanding their product line.

Apple Inc (AAPL)

+0.44%

On watch after revising its App Store policies in Europe, introducing a complex fee structure—including a new 5% “core technology commission”—in an effort to comply with the EU’s Digital Markets Act and avoid a potential €500 million ($585 million) fine. While Apple claims the changes align with EU rules, it disagrees with the Commission’s demands and plans to appeal. Regulators continue to review whether the new terms meet compliance standards.

The Boeing Company (BA)

+0.97%

Trading higher premarket after Redburn-Atlantic upgraded the stock to a Buy and raised its price target to $275 from $180, citing improved production, financials, and strategic direction. The firm sees potential for strong free cash flow growth, driven by higher 737 and 787 delivery rates, with post-tax cash profit upside and long-term FCF possibly exceeding Boeing's 2018 peak. On Thursday, Fitch Ratings noted that Boeing’s increased stability and improvements with productions are a positive sign for the company and industry.

Alphabet Inc (GOOGL)

+0.41%

The company has appointed Kobi bar-Nathan, a veteran of Oracle and Microsoft Cloud, as the new CFO of Google Cloud amid rapid growth and intensifying competition in the cloud computing space. His arrival coincides with Google Cloud’s expanding role in AI infrastructure, highlighted by a new deal with OpenAI and strong revenue growth, including $12.3 billion in Q1 2025.

The Trade Desk Inc (TTD)

+3.65%

Trading higher premarket following an upgrade from Evercore ISI. The analyst raised its rating on the company to Outperform and assigned a $90 price target, citing improved online ad demand, strong product execution, and achievable growth targets. Evercore ISI sees the Trade Desk returning to premium growth by late 2025 thanks to multiple catalysts in 2026 including the Netflix partnership, major global events, and competitive shifts in the ad tech space.

B. Riley Financial Inc (RILY)

+18.39%

Gapping up after announcing the sale of its advisory business GlassRatner to TorQuest Partners for $117.8 million, anticipating a $66 million gain on the transaction. The sale allows B. Riley to concentrate on its middle-market investment banking and wealth management divisions while bolstering its capital structure. Approximately 50.8% of B. Riley’s float is sold short.

Bone Biologics Corp (BBLG)

+108.89%

Gapping up after filing a US patent for its rhNELL-1 protein, to be used in the bone regeneration therapy treatment. The stock has rallied in the past and has a float of 3.22 million shares, approximately 16.1% of which are sold short.