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

0830 - Trade balance for April: Expected -$56B; Prior -$60.3B
1000 - Existing home sales for May: Expected 4.07M; Prior 4.02M
1000 - Existing home sales m/m for May: Expected 1.1%; Prior 0.2%
1000 - Wholesale inventories m/m for April: Expected 0.6%; Prior 0.5%

Apple Inc (AAPL)

-0.14%

The company unveiled “Siri AI” during its WWDC 2026 keynote on Monday, transforming Siri into a conversational assistant with current world knowledge, on-device context, screen awareness, and a standalone Siri app. A beta release is planned for later this year, with expanded integration across iPhone, Mac, Apple Watch, and Vision Pro. Apple also revealed that its most advanced AI model, Apple Foundation Model Cloud Pro, is built with support from both Google and Nvidia.

Oil and Energy Stocks

-2.02%

Trading lower as a group as traders continue to digest mixed messaging around the US-Israel-Iran conflict. US President Donald Trump told reporters early on Tuesday that the US and Iran could reach a conflict-ending agreement in “two or three days”, after which the Strait of Hormuz would “immediately” reopen. On Monday, Israeli Prime Minister Benjamin Netanyahu asserted that the conflict with Iran and Iranian proxies “has not yet ended”.

USO, OXY, XOM, DVN, COP, CVX

Intel Corp (INTC)

+2.79%

The stock closed more than 11% higher on Monday after The Information reported that Google has reportedly ordered more than three million tensor processing units from the company for 2028. Nvidia is also reportedly evaluating Intel’s technology for a multi-GPU processor design.

Crypto Stocks

-1.23%

On watch as a group as Bitcoin continues to consolidate between the $60,000 and $64,000 levels. The cryptocurrency broke below the key $60,000 level on Friday but has since battled back, though it struggled to break above $64,200 on both Sunday and Monday. As of Tuesday morning at 7:50 AM ET, Bitcoin was trading around $62,600.

IBIT, MSTR, COIN, MARA, CLSK, HIVE, CRCL, HOOD

Applied Digital Corp (APLD)

+10.81%

Gapping up after announcing a new 15-year, take-or-pay lease with an unnamed investment-grade U.S. hyperscaler for 210 megawatts at its Delta Forge 2 AI campus, a deal expected to generate roughly $5.2 billion in revenue and representing the third long-term agreement with the same customer. If renewal options are fully exercised, the contract could produce $12.7 billion over 30 years. Applied Digital’s contracted portfolio has expanded to five campuses with 1.4 gigawatts of critical IT load.

Microsoft Corp (MSFT)

-0.19%

Microsoft-backed OpenAI announced that it has confidentially filed an S-1 registration statement, giving the company the flexibility to pursue an IPO. No timeline has been set. The company emphasized that it could remain private for the time being because it believes that some goals are easier to achieve outside the public markets.

Palantir Technologies Inc (PLTR)

-0.60%

The UK government is reviewing its £330 million NHS contract with Palantir to decide whether to extend it beyond 2027 or end it at the break clause. The review comes amid political pressure and concerns over data privacy and reliance on a US supplier. Officials say the review will examine patient confidentiality, public trust, and whether continuing the data platform deal is in Britain’s best interest.

Meta Platforms Inc (META)

+1.46%

The company is investing $115 million to launch America's Workforce Academy, a free training program aimed at preparing workers for data center technician roles needed to support the company's expanding AI infrastructure. Graduates will receive guaranteed full-time job offers with contractors involved in Meta's data center buildout. The program is expected to train thousands of participants.

J.M. Smucker Co (SJM)

+3.54%

Trading sharply higher premarket after its Q4 2026 earnings report. Adjusted earnings of $2.77 per share beat estimates of $2.64, while sales of $2.268 billion beat estimates of $2.26 billion and represented 6% year-over-year growth. Free cash flow reached $483.0 million at the end of the quarter, compared to $298.8 million in the prior-year quarter. The company expects net sales to decline by 3% to 4% on a year-over-year basis for FY 2027.

SailPoint Inc (SAIL)

-13.68%

Gapping down after its Q1 2027 earnings report. Revenue grew by 22% year-over-year to $280 million, while subscription revenue grew by 23% to reach $266 million. The company posted $1.163 billion in annual recurring revenue, representing 26% growth; ARR for its SaaS business grew by 36% to $781 million. SailPoint projected FY 2027 revenue between $1.265 billion and $1.275 billion, compared to estimates of $1.27 billion.

Global Mofy AI Ltd (GMM)

+77.77%

On Monday morning, the company announced that its micro-drama brand Mofy Clip co-produced two AI-driven short drama series with Hongguo Short Drama, a ByteDance ecosystem platform. One of the series has already been released, with the second set to launch soon. The project combines Mofy Clip’s AI production capabilities and funding with Hongguo’s IP and distribution, using Global Mofy’s AIGC technology to scale faster content creation and expand revenue in the micro-drama market. Global Mofy has a market capitalization of $5.63 million.