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

0815 - ADP employment change for May: Expected 112k; Prior 62k
0830 - Fed’s Bostic and Cook speak
0945 - S&P services PMI for May: Expected 52.3; Prior 52.3
0945 - S&P composite PMI for May: Expected 52.1; Prior 52.1
1000 - ISM services PMI for May: Expected 52; Prior 51.6

CrowdStrike Holdings Inc (CRWD)

-6.80%

Gapping down after its Q1 2026 earnings report. Adjusted earnings of $0.73 per share beat estimates of $0.66, and sales of $1.1 billion were in-line with analyst estimates. The company guided Q2 earnings between $0.82 and $0.84 per share, below the expected $0.92, and guided sales between $1.145 billion and $1.152 billion, below estimates of $1.23 billion. CrowdStrike also raised its FY26 EPS and sales guides and announced a $1 billion share buyback program.

Apple Inc (AAPL)

-0.50%

Trading marginally lower premarket after Needham downgraded the stock from Buy to Hold and set a price target between $170 and $180. The downgrade was attributed to the company’s high valuation and growing competitive pressure, especially with its forward P/E for 2026 exceeding 26x and slowing earnings momentum. The analysts also flagged risks from generative AI-driven hardware innovation.

NVIDIA Corp (NVDA)

+0.71%

The stock regained its status as the most valuable company in the world during Tuesday’s trading session, which saw it close 2.8% higher. This is the first time that Nvidia has held this position since January 2025. Tuesday’s rally was driven in part by a positive analyst note from Morgan Stanley, which named Nvidia its “Top Pick”.

CoreWeave (CRWV)

+7.39%

Gapping up and poised to continue its recent rally. On Monday, Applied Digital announced that it has signed two 15-year lease agreements with CoreWeave to provide 250 megawatts of IT load at its North Dakota data center, with an option to expand by 150 MW. The deal is expected to generate approximately $7 billion in revenue. CoreWeave is trading at all-time highs and made its market debut via IPO on March 28, 2025.

Wells Fargo & Co (WFC)

+2.66%

Trading higher premarket after the Federal Reserve lifted the asset cap imposed in 2018, signaling the bank has met all required conditions. CEO Charlie Scharf called the move a major milestone, highlighting improvements in the company’s structure, leadership, and financial performance.

Dollar Tree Inc (DLTR)

-1.78%

Trading lower premarket following its Q1 2025 earnings report. The company reported adjusted earnings of $1.26 per share and sales of $4.64 billion, beating estimates of $1.21 and $4.53 billion, respectively. Same-store net sales grew by 5.4% year-over-year, traffic increased by 2.5%, and the average ticket grew by 2.8%. For Q2, Dollar Tree projected an adjusted EPS decline of as much as 45% to 50%, but noted that Q3 and Q4 performance will compensate for this drop. The company raised its FY25 adjusted EPS guidance and reaffirmed its sales guidance for the year.

Asana Inc (ASAN)

-10.26%

Gapping down after its Q2 2026 earnings report. The company posted adjusted earnings of $0.05 per share and sales of $187.27 million, beating estimates of $0.02 and $185.4 million, respectively. For Q2, the company guided adjusted earnings between $0.04 and $0.05 per share and projected sales between $192 million and $194 million; these projections were in line with analyst estimates. Asana raised its FY26 EPS and sales guidance, though both guidance ranges missed analysts estimates entirely.

Hewlett Packard Enterprise Co (HPE)

+6.27%

Trading sharply higher premarket following its Q2 2025 earnings report, with adjusted earnings of $0.38 per share and sales of $7.63 billion beating estimates of $0.33 and $7.5 billion, respectively. For Q3, the company guided adjusted earnings between $0.40 and $0.45 per share and sales between $8.2 billion and $8.5 billion; both of these guidance ranges completely missed analyst estimates. Hewlett Packard raised its FY25 earnings guidance to $1.78-$1.90 per share, mostly exceeding estimates of $1.79.

D-Wave Quantum Inc (QBTS)

-2.21%

Trading lower premarket with volume after filing a shelf registration to potentially offer up to $400 million in securities, including common stock, preferred stock, debt securities, warrants, and units in one or more future offerings. Approximately 20.42% of the stock’s float is sold short.

Baosheng Media Group Holdings Ltd (BAOS)

+123.21%

Gapping up on no particular news catalyst. The stock has a market capitalization of $8.15 million and a float of approximately 937,000 shares, roughly 5.89% of which are sold short.

Sharps Technology Inc (STSS)

+71.66%

Gapping up after the company announced it has begun shipping three previously-announced orders for three separate customers. The stock, which has rallied previously, has a float of roughly 1.02 million shares and a short float of approximately 23.1%.