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

0830 - Nonfarm payrolls for May: Expected 126k; Prior 177k
0830 - Unemployment rate for May: Expected 4.2%; Prior 4.2%
0830 - Average earnings y/y for May: Expected 3.7%; Prior 3.8%
1000 - Fed’s Bowman speaks
1500 - Consumer credit for April: Expected $10B; Prior 10.17B

Tesla Inc (TSLA)

+5.04%

Rebounding after closing more than 14% lower on Thursday, causing the stock to shed $152 billion in market capitalization. The decline was driven by an escalating back-and-forth between CEO Elon Musk and US President Donald Trump that took place primarily on social media; Trump threatened to cancel Musk’s government contracts, and Musk has already stated that SpaceX will decommission its Dragon spacecraft. Politico reported that the two men are expected to speak today, but a source from the White House denied the reports.

Lululemon Athletica Inc (LULU)

-21.33%

Gapping down following its Q1 2025 earnings report. Earnings of $2.60 per share were in-line with analyst estimates, and sales of $2.37 billion narrowly beat estimates of $2.36 billion. The company lowered its FY25 GAAP earnings guidance to a range of $14.58-$14.78 per share, missing estimates of $14.88, and affirmed its previously-stated sales guidance for the year. Its GAAP EPS and sales guidance for Q2 both failed to meet analyst estimates.

Broadcom Inc (AVGO)

-2.34%

The company reported adjusted earnings of $1.58 per share and sales of $15 billion for Q2 2025, narrowly beating estimates of $1.56 and $14.98 billion, respectively. Revenue grew by 20% year-over-year, with AI revenue growing by 46% to exceed $4.4 billion in Q2. Broadcom guided Q3 sales of $15.8 billion, just above analyst estimates of $15.79 billion. The company also announced the approval of a $0.59-per-share dividend.

DocuSign Inc (DOCU)

-18.95%

The company reported adjusted earning of $0.90 per share and sales of $763.7 million for Q1 2026, beating estimates of $0.81 and $748.13 million, respectively. DocuSign guided Q2 sales between $777 million and $781 million, above the expected $774.75 million, and raised its FY26 sales guidance to a better-than-expected range of $3.15 billion to $3.16 billion. The company also authorized a $1 billion increase to its buyback program.

Circle Internet Group Inc (CRCL)

+11.97%

Gapping up following its successful trading debut on the NYSE via IPO on Thursday. The stock opened at $69, well above its IPO price of $31 and expected range of $27-$28, and made highs just below $104. Cathie Wood’s Ark Invest purchased 4.486,450 shares of Circle for a transaction valued at approximately $373.42 million.

Crypto Stocks

+1.42%

Trading higher as a group in tandem with Bitcoin, which is poised to break a three-day losing streak. The cryptocurrency closed near the $101,500 level on Thursday and is trading just below the $104,000 level as of 7:40 AM ET on Friday. Separately, Strategy (formerly known as MicroStrategy) announced the pricing of the IPO of its new STRD stock. The company is expecting to raise $979.7 million through the offering of 11.76 million shares, priced at $85 per share.

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

Palantir Technologies Inc (PLTR)

+2.45%

Rebounding after a more-than-7% decline on Thursday, driven by reports that Republican members of the House and Senate have expressed concerns about Palantir’s reported access to government data under the US administration. In an interview earlier that day, CEO Alex Karp accused the media of fearmongering in how they reported the issue and said that the company’s platform is secure. Cathie Wood’s Ark Invest sold $9.2 million in Palantir shares at the close on Thursday, her second straight day of offloading the stock.

Samsara Inc (IOT)

-12.38%

Gapping down after reporting earnings for Q1 2026. Adjusted earnings of $0.11 per share beat estimates of $0.06, and sales of $366.9 million exceeded expectations of $351.42 million. The company guided Q2 sales between $371 million and $373 million, beating estimates of $369.11 million, and its adjusted earnings guide of $0.06 to $0.07 per share met estimates of $0.06. Samsara also raised its adjusted EPS and sales guide for the fiscal year, both of which exceed analyst estimates.

CoreWeave (CRWV)

+6.60%

Rebounding after a more-than-17% decline on Thursday despite a lack of a specific news catalyst. The stock powered higher earlier this week on news of a major data center infrastructure deal with Applied Digital. CoreWeave is still up 21% week-to-date as of Thursday’s close.

Novo Nordisk A/S (NVO)

+2.46%

The company’s US-listed shares are trading higher after the European Medicines Agency has determined that the eye condition NAION is a very rare side effect of Novo Nordisk’s semaglutide-based drugs, Ozempic and Wegovy, affecting up to 1 in 10,000 users. This marks the first time a regulator has officially linked semaglutide to NAION, prompting the EMA to recommend updating the drugs' prescribing information to reflect the risk.

Venus Concept Inc (VERO)

+69.87%

Gapping up after announcing plans to sell its Venus Hair business to Meta Healthcare. The all-cash deal is valued at $20 million. Venus Concept has a market cap of $5.75 million and a float of 914,380 shares.