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

0830 - Durable goods m/m for February: Expected -1%; Prior 3.2%
0830 - Core durable goods m/m for February: Expected 0.2%; Prior 0%
1000 - Fed’s Kashkari speaks
1000 - Fed’s Musalem speaks

GameStop Corp (GME)

+14.13%

During its Q4 2024 earnings report, the company announced that its board has approved a change to its investment policy which would allow GameStop to acquire Bitcoin as a treasury reserve asset. Revenue was reported at $1.283 billion for the quarter, below estimates of $1.48 billion and marking a 28% year-over-year decline, though earnings of $0.30 per share beat estimates of $0.08.

NVIDIA Corp (NVDA)

-1.35%

Trading lower premarket after the Financial Times reported that the company’s China sales face new challenges as Beijing imposes stricter energy efficiency rules on AI chips. These changes effectively block purchases of Nvidia’s H20 chip, which was already restricted by U.S. export controls. While Nvidia is reportedly working on modifications to comply, this may reduce the chip’s performance. Nvidia’s China business is valued at $17.1 billion and comprises approximately 13% of the company’s total revenue.

Tesla Inc (TSLA)

-1.19%

Trading lower premarket after Canada halted all rebate payments to the company and excluded it from future EV rebate programs in response to U.S. tariffs. Canadian Transport Minister Chrystia Freeland attributed the decision to concerns over "illegitimate and illegal" trade policies. The move follows similar provincial actions and growing scrutiny over Tesla’s substantial rebate claims, totaling C$713 million since 2019.

Amazon.com Inc (AMZN)

+0.23%

On watch after CNBC reported that the company is testing a new AI-powered shopping assistant, Interests AI, which allows users to browse products using conversational language, alongside a health-focused chatbot. Currently in beta, the feature uses large language models to refine search queries. An Amazon spokesperson later confirmed the tests, and a post from the company’s blog indicates that the feature will eventually be made available to US users.

Dollar Tree Inc (DLTR)

+2.77%

Trading higher premarket following its Q4 earnings report, during which the company disclosed plans to divest its Family Dollar business to two capital management firms for $1.007 billion. Dollar Tree reported inline sales of $8.24 billion and adjusted earnings of $2.29, above estimates of $2.19; both figures included earnings from discontinued operations. The company guided comparable store sales growth of 3% to 5% for both Q1 and FY 2025.

Chewy Inc (CHWY)

+3.54%

Trading sharply higher premarket following its Q4 2024 earnings report. The company reported earnings of $0.28, compared to estimates of $0.05, with sales of $3.25 billion exceeding expectations of $3.2 billion. Net sales grew by 14.9% on a year-over-year basis, and the company’s gross margin expanded by 30 basis points to reach 28.5%. For the fiscal year, Chewy reported a 6.4% increase in sales.

Alphabet Inc (GOOGL)

-0.62%

Trading lower premarket amid increased competition in the company’s crucial search market. Perplexity CEO Aravind Srinivas announced that the company is ramping up competition against Google in AI search by introducing answer modes tailored for verticals like travel, shopping, and jobs, with native hotel bookings now available through partnerships. Additionally, an analyst from Melius warned that younger users could be more likely to use OpenAI Search than Google Search.

Crypto Stocks

+0.12%

On watch as a group as Bitcoin continues to rebound from its recent lows. The cryptocurrency, which closed relatively flat on Tuesday, is trading higher on Wednesday morning and is above the $88,000 level as of 7:50 AM ET. This resurgence in Bitcoin comes amid a flurry of corporate crypto announcement, including GameStop’s announcement that the board has approved the inclusion of Bitcoin as a treasury reserve asset and Rumble’s launch of a crypto wallet for creators.

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

Trade Desk Inc (TTD)

+0.73%

Trading higher with strong premarket volume. The stock is poised to open higher for its third straight day and is already up more than 10% this week. Trade Desk, which gapped up on Monday with no particular news catalyst, has a market capitalization of $28.07 billion and a 3.67% short float.

OSR Holdings Inc (OSRH)

+135.63%

Gapping up after announcing that its subsidiary, Vaximm AG, released positive Phase 2a trial results for its treatment for glioblastoma. The stock has a float of approximately 6.54 million shares.

SurgePays Inc (SURG)

+80.43%

Gapping up after its earnings report for fiscal 2024. GAAP losses of $2.39 per share for the fiscal year were wider than the expected loss of $1.59, though sales of $60.881 million beat estimates of $59.511 million. The company guided flat Q1 2025 revenue on a quarter-over-quarter basis.