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

0830 - Building permits (prelim) for February: Expected 1.453M; Prior 1.473M
0830 - Import prices m/m for February: Expected 0%; Prior 0.3%
0830 - Housing starts for February: Expected 1.385M; Prior 1.366M
0915 - Industrial production m/m for February: Expected 0.2%; Prior 0.5%

Tesla Inc (TSLA)

-1.77%

Trading lower premarket after BYD, one of the company’s biggest competitors in China, unveiled a rapid charging system capable of fully charging an EV in just five minutes. This solution matches the refueling time of gasoline cars and addresses a major barrier to EV adoption. Separately, CNBC reported that Chinese EV company Zeekr is rolling out an advanced driver assistance system at no added cost.

Semiconductors

+0.22%

On watch as a group ahead of Nvidia CEO Jensen Huang’s keynote speech at GTC 2025. The keynote is scheduled to begin at 10:00 AM ET. Intel is also on watch as new CEO Lip-Bu Tan officially starts his position with the company, while Broadcom continues to trade lower after the Information reported that Google is seeking cheaper AI chips from a different company.

NVDA, INTC, TSM, MU, MRVL, AVGO, SMCI, ARM

Alphabet Inc (GOOGL)

-0.13%

On watch as multiple sources report that the company has agreed to purchase cybersecurity startup Wiz. The Wall Street Journal first reported the potential acquisition after the closing bell on Monday, noting that the deal would be worth roughly $30 billion. On Tuesday morning, the Financial Times reported that Alphabet will be purchasing the company for $32 billion, with the acquisition announcement expected to take place on Tuesday morning. The deal, should it be confirmed, would make Alphabet’s largest acquisition ever and signaling a stronger push into cloud security. If finalized, the deal could face.

Crypto Stocks

-1.97%

Trading lower premarket in tandem with weakness in Bitcoin. The cryptocurrency has given up almost all of Monday’s gains, trading near $82,700 as of Tuesday morning compared to Monday’s lower of $82,400. Ethereum is also poised for daily losses, trading below $1,900.

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

Chinese EVs

+3.14%

Trading higher as a group following XPeng’s Q4 2024 earnings report. Adjusted losses of 1.47 yuan per share exceeded the expected loss of 1.35 yuan, but sales of 16.11 billion yuan beat estimates of 16.02 billion yuan. XPeng guided 91,000 to 93,000 deliveries for Q1 2025, marking 317% to 327% year-over-year growth, and projected stronger-than-expected quarterly revenue.

NIO, XPEV, LI

Cannabis Stocks

+3.45%

Trading higher as a group, with Tilray and Canopy Growth receiving strong premarket volume. On Tuesday morning, SNDL reported Q4 sales of $256.68 million CAD, better than estimates of $248.1 million CAD. Tilray also announced that Manitoba Harvest, one of its subsidiaries, has launched Superseed Snack Clusters, expanding into functional snacking with an exclusive rollout at Whole Foods Market. Canopy and Aurora Cannabis both have short floats of roughly 8%, while almost 18% of Tilray’s float is sold short.

SNDL, TLRY, ACB, CGC

Novo Nordisk A/S (NVO)

+4.04%

The company’s US-listed shares are trading sharply higher premarket. On Monday afternoon, the Association of the British Pharmaceutical Industry (ABPI) announced that Novo Nordisk has regained full membership to the organization. The decision came after a series of audits following Novo Nordisk’s two-year suspension from the group over alleged promotional misconduct related to its obesity drugs. The reinstatement reflects the company's efforts to address governance concerns.

Baidu Inc (BIDU)

+2.19%

Continuing to trade higher premarket after gaining more than 9% on Monday. The rally was spurred on by the company’s announcement of its new ERNIE AI models, which it claimed are more intelligent than those made by DeepSeek. This strength in Baidu and other Chinese ADRs has Chinese stocks set to outperform the S&P 500 in Q1 2025; this would mark the first time that Chinese stocks have outperformed the American index on a quarterly basis since 2007.

Lucid Group Inc (LCID)

+2.78%

Trading higher premarket with volume after being upgraded from Underweight to Equal-Weight by Morgan Stanley. The analyst attributed the upgrade to the company’s potential for expansion beyond EVs into AI and strategic partnerships. Morgan Stanley highlighted Lucid’s Gravity SUV as a key step toward AI-enabled autonomy, positioning the company to benefit from the U.S.'s push for domestic EV manufacturing. Lucid is scheduled to present at Nvidia’s GTC 2025 conference this week.

Sarepta Therapeutics Inc (SRPT)

-22.04%

Gapping down after the company announced that a young man with Duchenne muscular dystrophy has passed away from acute liver failure after receiving the company’s gene therapy, ELEVIDYS. The company noted that the prescribing information for ELEVIDYS already warns of potential acute liver injury, highlighting the serious risks linked to the therapy. Approximately 5.5% of Sarepta’s float is sold short.

Quantum Stocks

-5.42%

The group is trading with increased volatility ahead of Thursday, March 20, which marks Nvidia’s first-ever Quantum Day. The event, part of Nvidia’s GTC 2025 conference, is set to feature presentations and appearances from companies like Rigetti and D-Wave Quantum. Rigetti and D-Wave each have short floats of 20% or greater, while IonQ and Quantum Computing Inc have short floats of greater than 10%.

RGTI, QBTS, QUBT, IONQ, ARQQ