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

0830 - Chicago Fed national activity index for February: Expected -0.17; Prior -0.03
0945 - S&P services PMI for March: Expected 51; Prior 51
0945 - S&P manufacturing PMI for March: Expected 51.8; Prior 52.7
0945 - S&P composite PMI for March: Expected 51.3; Prior 51.6
1345 - Fed’s Bostic speaks
1510 - Fed’s Barr speaks

Crypto Stocks

+4.15%

Trading higher in tandem with a rebound in cryptocurrencies and the overall market. The rally followed a report from Bloomberg suggesting that Trump's upcoming tariffs on April 2 may be more measured than expected, easing investor concerns. Bitcoin is trading above $87,000 as of Monday morning, well above Friday’s low near $83,000.

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

Apple Inc and Taiwan Semiconductor

+0.82%

Trading higher premarket following comments from supply chain analyst Ming-Chi Kuo suggesting that Apple's iPhone 18 lineup, expected in the second half of 2026, will feature the A20 chip built on TSMC’s advanced 2nm process. The shift to 2nm is expected to deliver up to 15% faster performance and 30% better energy efficiency compared to the A19, marking a major leap in Apple's chip technology.

AAPL, TSM

NVIDIA Corp (NVDA)

+1.91%

On watch as Malaysia tightens its semiconductor regulations amid U.S. pressure to monitor Nvidia chip shipments. This move, reported by the Financial Times with comments from Malaysian Trade Minister Zafrul Aziz, follows concerns that Nvidia chips are being illegally diverted to China in violation of export controls. Malaysia’s regulatory tightening reflects growing U.S. scrutiny as Malaysia’s data center industry rapidly expands with major investments from tech giants.

Super Micro Computer Inc (SMCI)

-0.05%

On watch after Goldman Sachs downgraded the stock to Sell from Neutral, cutting the price target to $32 from $40. The analysts attributed to the downgrade to the stock’s unfavorable risk/reward ratio due to valuation, competition, and gross margin pressure. Goldman Sachs noted that they expect intensified competition in AI servers to erode Super Micro’s early market share leadership and weigh on its profitability.

Chinese ADRs

+1.09%

Trading higher as a group after recording a positive session overseas, with the Hang Seng Index gaining 0.91% and the CSI 300 Index closing 0.51% higher. This strength followed comments from China’s Vice Premier He Lifeng during the first day of the China Development Forum, featuring attendance from CEOs of companies like Apple, Qualcomm, and AstraZeneca. He reassured foreign business leaders that Beijing remains committed to opening its market and improving the business environment to attract multinational investment.

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

Tesla Inc (TSLA)

+3.86%

The New York Times reported that SpaceX, led by Tesla CEO Elon Musk, is reportedly securing billions in new federal contracts, including military cargo transport and NASA’s Mars missions. These deals will also reportedly involve the expansion of Starlink’s role in government broadband initiatives. Additionally, Tesla is set to release its FSD feature in China upon completion of the regulatory approval process.

Novo Nordisk A/S (NVO)

-1.99%

The company’s US-listed shares are trading lower premarket as sentiment towards the company continues to cool following two straight trials of softer-than-expected results for its CagriSema weight loss drug. The stock, which is roughly 50% removed from its highs in 2024, was just replaced by SAP as the largest publicly-traded company in Europe. Separately, Novo Nordisk has secured exclusive global rights (excluding Greater China) to develop, manufacture, and commercialize UBT251 under a licensing deal with United Biotechnology.

The Boeing Company and Lockheed Martin Corp

+0.50%

Both defense stocks are on watch for continuation following dramatic moves on Friday, when US President Donald Trump awarded Boeing a contract for a next-generation fighter valued at roughly $20 billion. Boeing closed 3% higher on Friday and is trading roughly 2% higher premarket, while Lockheed closed nearly 6% lower and is poised to open lower on Monday. Analysts from Bank of America and Melius have downgraded Lockheed Martin’s stock as of Monday morning.

BA, LMT

Pinterest Inc (PINS)

+4.11%

Trading sharply higher premarket following an upgrade from Guggenheim. The analyst increased its rate for Pinterest from Neutral to Buy and raised its price target for the stock from $39 to $40.

Integrated Media Technology Ltd (IMTE)

+135.21%

Gapping up on no apparent catalyst. The stock has a float of approximately 2.93 million shares and a market capitalization of $4.36 million.