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

1000 - Wholesale inventories m/m revised for April: Prior 0.0%
1100 - NY Fed inflation expectations: Prior 3.6%

Apple Inc (AAPL)

+0.51%

On watch ahead of its Worldwide Developers Conference (WWDC) event for 2025, which kicks off with a keynote at 1:00 PM ET on Monday, June 9. Both Bloomberg and supply chain analyst Ming-Chi Kuo have posited that no major AI breakthroughs are likely, though Kuo noted that Apple could still meet low market expectations by outlining clear AI integration and a development roadmap. While software updates will likely take a back seat, potential hardware reveals—like a new Mac Pro, smart display, and AirTag 2—could also feature at the event.

Tesla Inc (TSLA)

-2.29%

Baird downgraded its rating on the stock from Outperform to Neutral and maintained its $320 price target, citing concerns over overly optimistic robotaxi expectations, recent stock volatility, and uncertainty stemming from CEO Elon Musk’s public feud with Donald Trump. While Tesla shares have rebounded 33% from April lows, analysts argue the gains are largely based on hype rather than fundamentals and warn that investor expectations may be misaligned. Argus separately downgraded the stock from Buy to Hold.

Chinese ADRs

+1.66%

Top U.S. trade officials are set to meet their Chinese counterparts in London to advance talks aimed at resolving escalating trade tensions, following President Trump’s recent call with President Xi and a temporary tariff truce agreed upon in Geneva. The discussions will likely center on enforcing the Geneva agreement and addressing mutual accusations of violations. Both countries are looking to avoid a full-blown trade war while protecting strategic economic interests.

BABA, BILI, BIDU, JD, PDD, LI, NIO, XPEV, KWEB, FXI

Crypto Stocks

+2.11%

Trading higher as a group in tandem with a rally in Bitcoin, which is poised to clinch a four-day winning streak. The cryptocurrency opened Monday’s session around $105,700 and is trading just below $107,500 as of 7:30 AM ET. Ethereum, meanwhile, has recovered from a steep drop on Thursday and is trading above the $2500 level as of Monday morning.

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

Robinhood Markets and AppLovin

-4.04%

Both stocks are trading sharply lower premarket after the S&P Dow Jones decided not to make changes to the S&P 500 Index in the quarterly rebalance. Robinhood was considered a top candidate for S&P 500 inclusion in this rebalance, and AppLovin has been considered a potential candidate for the index for the past three quarterly rebalances. The most recent addition to the S&P 500 was Coinbase, which was added to replace Discover Financial after it was acquired by Capital One.\

HOOD, APP

Circle Internet Group Inc (CRCL)

+16.48%

Poised to continue its rally following a successful IPO on Thursday, June 5. The stock began trading at $69 per share, well above its IPO price of $31, and gained almost 30% in its second session on Friday. As of Monday morning around 7:45 AM ET, Circle is gapping up above Friday’s high of day.

NVIDIA Corp (NVDA)

+0.49%

On watch after U.K. Prime Minister Keir Starmer announced a plan to train 7.5 million workers in AI by 2030, backed by a £185 million investment and sponsorship from NVIDIA. CEO Jensen Huang joined Starmer at London Tech Week 2025 for the announcement. The initiative aims to boost AI skills across sectors like health and defense, with both Starmer and Huang highlighting AI's transformative potential for cybersecurity, education, and economic growth.

Meta Platforms Inc (META)

+0.24%

On watch after Bloomberg reported that the company is in discussions to invest over $10 billion in AI startup Scale AI, though the terms are not yet finalized. Scale AI, last valued at nearly $14 billion, specializes in data labeling and hosts a global platform for AI research collaboration. Meta has previously backed the company, as have fellow big tech giants like Nvidia and Amazon.

Warner Bros Discovery (WBD)

+8.86%

Gapping up after announcing plans to split into two separate public companies by next year. One of the companies will focus on streaming and studios such as HBO, Warner Bros. Pictures, and DC under CEO David Zaslav. The other company will manage CNN, Discovery, TNT Sports, and Discovery+, led by Gunnar Wiedenfels.

Aviation and Drone Stocks

+9.07%

On Friday afternoon, US President Trump signed an executive order to strengthen U.S. airspace security by addressing drone threats, advancing electric air taxis, and enabling more sophisticated drone operations. The order also directs the FAA to lift the longstanding ban on civil supersonic aircraft flights over land, signaling support for next-generation aviation technologies.

ACHR, JOBY, UAVS, RKLB

VinFast Auto Ltd (VFS)

+11.70%

Gapping up after reporting earnings and deliveries for Q1 2025. Losses of $0.30 per share missed estimates of a $0.28-per-share loss, but sales of $656.54 million beat estimates of $520.01 million. Deliveries for EVs grew by 296% year-over-year, while e-scooter deliveries increased by 473%. The company continues to expect its global deliveries for FY25 to exceed its FY24 numbers by at least 2x.

IonQ Inc (IONQ)

+7.61%

The company has agreed to acquire Oxford Ionics in a $1.075 billion deal, mostly in stock, to strengthen their shared vision of building the world’s most powerful quantum computers by combining complementary technologies. Additionally, IonQ, in collaboration with AstraZeneca, AWS, and NVIDIA, demonstrated a 20x speedup in quantum-accelerated drug development workflows; this marks the largest showcase of its kind to date.

Know Labs Inc (KNW)

+103.21%

Continuing to trade higher after announcing on Friday morning that the company has agreed to sell a controlling interest to Goldeneye 1995 LLC. The effort is led by fintech investor Greg Kidd, who will become CEO and Chairman upon closing. The deal will also allow Know Labs to implement a Bitcoin treasury strategy aimed at sustainable growth and long-term shareholder value. Know Labs has a float of 6 million shares, approximately 23.9% of which are sold short.