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

0830 - Labor costs (revised) for Q4: Prior 2.8%
0830 - Productivity (revised) for Q4: Prior 2.8%
0945 - S&P composite PMI for March: Expected 50.5; Prior 51.9
0945 - S&P manufacturing PMI for March: Prior 51.6
0945 - S&P services PMI for March: Prior 51.7
1000 - Richmond Fed composite index for March: Prior -10
1830 - Fed’s Barr speaks

Oil and Energy Stocks

+1.05%

Trading marginally higher as a group following a decline on Monday, driven in large in large part by an early-morning post from President Donald Trump suggesting that the US and Iran were in “productive” talks. Iranian leadership repeatedly denied the claims on Monday as traders digested a host of other reports on the situation, including one which suggested that the US is aiming to end the conflict by April 9. Additionally, Chevron CEO Mike Wirth spoke on the conflict’s impact on the oil market at the CERAWeek conference, saying that he does not believe the closure of the Strait of Hormuz has fully been priced in.

USO, CVX, XOM, COP, DVN, OXY, TPET, BATL, EONR

Crypto Stocks

+0.31%

Trading marginally higher as a group following a strong sector-wide performance on Monday, with Ethereum and Bitcoin each closing more than 4% higher. Crypto assets and equities appeared to be trading higher in tandem with the overall market, which recovered as traders assessed the possibility of de-escalations in the Middle East. Both Bitcoin and Ethereum are relatively flat as of 7:00 AM ET on Tuesday.

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

CoreWeave and Nebius Group NV

+2.11%

Both stocks are trading higher premarket after receiving positive analyst notes from BofA Securities. The analyst reinstated coverage of CoreWeave with a Buy rating and a $100 price target, citing its strong positioning to capture share in the growing AI infrastructure market driven by sustained compute demand. BofA highlighted the company’s long-term demand tailwinds despite execution and capital intensity risks. Nebius, meanwhile, was initiated with a Buy rating and a $150 price target, with BofA attributing the rating to the company’s strong positioning in the rapidly growing AI infrastructure-as-a-service market.

CRWV, NBIS

Estée Lauder Companies Inc (EL)

+0.33%

The stock dropped sharply late on Monday afternoon after the Financial Times reported that the company is nearing a deal to combine with Spain’s Puig, which owns brands like Jean Paul Gaultier and Charlotte Tilbury. The merger would create a beauty company valued at over $40 billion. The companies later confirmed that they are in discussions.

Apollo Global Management Inc (APO)

-2.17%

The company’s $25 billion Apollo Debt Solutions private credit fund announced that it is limiting redemptions to 5% of shares after investors requested withdrawals totaling 11.2%. The firm characterized its decision as in-line with its commitments to liquidity management and asset preservation. Investor concerns over transparency, lending discipline, and AI-related risks in software companies contributed to the outflows, which left the fund with roughly $730 million in gross outflow. Separately, the Wall Street Journal reported that Apollo has agreed to acquire Nippon Sheet Glass in Japan.

Applied Optoelectronics Inc (AAOI)

+2.60%

Trading higher premarket after securing a new order exceeding $53 million for 800G single-mode data center transceivers from a major hyperscale customer. The announcement reinforces strong demand for Applied Optoelectronics’ high-speed connectivity products. Shipments are set to start in Q2 and conclude by mid-Q3 2026, following a recent 1.6T order from the same customer. Approximately 15% of the stock’s float is sold short.

Alphabet Inc (GOOGL)

-0.22%

On Friday, the company won a court ruling dismissing an antitrust lawsuit alleging it monopolized the U.S. online news market and exploited publishers’ content. Judge Amit Mehta found the plaintiffs failed to prove monopoly power and lacked legal standing. Mehta also ruled that certain claims, such as those tied to acquisitions, were filed too late.

Amazon.com Inc (AMZN)

-0.02%

Amazon Web Services reported renewed service disruptions in Bahrain due to ongoing Middle East conflict, following earlier incidents where drone strikes damaged facilities in the UAE and near Bahrain. The company is prioritizing staff safety and advising customers to shift workloads to other regions. Previous outages impacted apps and digital services.

Microsoft Corp (MSFT)

+0.10%

On watch after BofA Securities reinstated coverage of the stock with a Buy rating and a $500 price target, citing strong multi-year growth driven by cloud and AI. The firm highlighted Microsoft’s unique ability to monetize AI across both Azure infrastructure and its software ecosystem (365, Dynamics, GitHub, Windows), supporting a premium valuation based on durable long-term growth.

Oracle Corp (ORCL)

+0.49%

The company is revamping its cloud-based Fusion financial software to integrate AI agents that can answer business questions and autonomously retrieve and analyze data. The move reflects a broader industry shift toward AI-driven enterprise software. Additionally, BofA Securities reinstated coverage of the stock with a Buy rating and a $200 price target, citing roughly 30% upside driven by growing AI infrastructure demand. The firm highlighted Oracle’s $553B in remaining performance obligations as strong long-term revenue visibility, while noting execution risks around scaling capacity, converting contracts into revenue, and managing heavy capital spending.

Broadcom and Taiwan Semiconductor

-0.21%

Broadcom said that it is experiencing supply chain constraints, including capacity limits at its manufacturing partner TSMC, driven by surging demand for AI chips. Executives with Broadcom noted that capacity issues also affect PCB suppliers in Taiwan and China, prompting customers to sign long-term agreements of three to four years to secure production.

AVGO, TSM

Jefferies Financial Group Inc (JEF)

+7.46%

Gapping up with light volume after the Financial Times reported that Japan’s Sumitomo Mitsui Financial Group is reportedly exploring a potential takeover of the company. The report indicates that Sumitomo Mitsui is assembling a team to act if Jefferies’ depressed share price creates an opportunity. While SMFG has steadily increased its stake in Jefferies in recent years, any deal is not imminent and may face resistance from Jefferies’ management.

Paranovus Entertainment Technology Ltd (PAVS)

+67.23%

Gapping up after a filing revealed that the company has terminated its sales agreement with A.G.P/Alliance Global Partners. Paranovus has a market capitalization of $380,000 and a float of 70,000 shares; several sources suggest that more than 100% of the stock’s float is sold short.