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

0840 - Fed’s Kugler speaks
0900 - CaseShiller 20 y/y for January: Expected 4.8%; Prior 4.5%
0905 - Fed’s Williams speaks
1000 - New home sales for February: Expected 680k; Prior 657k
1000 - CB consumer confidence for March: Expected 94; Prior 98.3
1000 - Richmond Fed composite index for March: Expected 1; Prior 6

Trump Media & Technology Group Corp (DJT)

+8.71%

Gapping up after announcing a partnership with Crypto.com to launch a series of exchange-traded funds (ETFs) under its Truth.Fi brand, featuring a mix of digital assets and securities with a "Made in America" focus. The ETFs, expected to debut later this year, will include Bitcoin, Cronos, and other cryptocurrencies. Crypto.com will be managing the backend technology and custody services.

Tesla Inc (TSLA)

+1.36%

Trading higher premarket following an optimistic analyst note from Piper Sandler. The firm reiterated its Overweight rating on Tesla with a $450 price target, noting that Tesla's strong recent registration data suggests a possibility of flat year-over-year growth in Q1 2025. However, the firm expects overall Q1 deliveries to decline due to a larger impact from factory shutdowns in the U.S. and Europe. Additionally, Tesla sales in Europe dropped by 42.6% year-over-year in February.

Meta Inc (META)

+0.79%

Trading marginally higher premarket after the Wall Street Journal reported that the company is introducing a €13/month ad-free subscription for Facebook and Instagram in the EU. The reported service is being added to comply with EU privacy rules restricting ad targeting without consent. Desktop users will pay around €10/month due to the lack of app store fees.

Apple Inc (AAPL)

+0.04%

Antitrust officials in the EU are likely to close their investigation into the company’s iPhone browser restrictions, as reported by the EU, as reported by Bloomberg. The move follows policy revisions made by Apple to align with new EU digital market regulations. Additionally, an analyst from Loop Capital reported that the company is working to place orders for Nvidia GB300 NVL72 systems valued at roughly $1 billion. The Loop note also noted that Apple is working with Dell and Super Micro towards a server cluster for generative AI projects.

Chinese ADRs

-1.78%

Trading lower as a group in tandem with a drop in Chinese stocks during Tuesday’s overnight session as investors await potential stimulus from Beijing amid economic headwinds. The Hang Seng Tech Index fell 3.8%, nearing a 10% correction, while Alibaba slid nearly 4% amid concerns over a datacenter bubble.

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

Oklo Inc (OKLO)

-6.96%

Gapping down after its earnings report. The company reported losses of $0.74 per share for fiscal 2024, compared to losses of $0.47 per share in fiscal 2023. Cash used in operations for 2024 was reported at $38.4 million, below the company’s forecast of $40 million to $50 million, and operating losses totaled $52.8 million for the year. Oklo also announced that Daniel Poneman and Michael Thompson have been appointed to its board.

KB Home (KBH)

-8.40%

Gapping down after its Q1 2025 earnings report, with GAAP earnings of $1.49 per share and sales of $1.392 billion missing estimates of $1.59 and $1.499 billion, respectively. Revenue dropped 5% year-over-year, home deliveries dropped 9%, and net orders declined by 17%, though the average price of homes sold rose by 4%. The company guided 2025 housing revenue between $6.6 billion and $7 billion, with an average selling price between $480,000 and $495,000 per home.

Carvana Co (CVNA)

+4.55%

Trading sharply higher premarket after Morgan Stanley upgraded the stock from Equal Weight to Overweight, raising its price target from $260 to $280. The analyst cited the stock’s recent pullback as part of its reason for the upgrade, saying that it provides investors with “a unique opportunity” for entry. Morgan Stanley further attributed the upgrade to a recent site visit and the company’s ability to demonstrate growth.

Mobileye Global Inc (MBLY)

+9.63%

Volkswagen Group announced that it will be working with Mobileye and Valeo to enhance advanced driver assistance systems up to Level 2+ in its future MQB-based vehicles. This collaboration aims to improve safety, driving comfort, and procurement efficiency while supporting Volkswagen's broader transformation efforts. Approximately 28.7% of Mobileye’s float is sold short.

Tenon Medical Inc (TNON)

+396.88%

Gapping up after announcing that it has received FDA approval for the expanded indication of its Catamaran SI Joint Fusion System. This approval allows the treatment to be used on its own or in the augmentation of a spinal fusion. Tenon has a float of approximately 3.13 million shares.

Predictive Oncology Inc (POAI)

+109.14%

Gapping up after announcing the development of predictive models for tumor responses using 21 unique compounds from the University of Michigan's Natural Products Discovery Core. These models, created through the company's AI-driven platform, focus on prevalent cancer indications such as breast, colon, and ovarian cancer. The stock has a float of 6.83 million shares, approximately 7.2% of which are sold short.