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

0830 - PCE price index m/m for February: Expected 0.3%; Prior 0.3%
0830 - PCE price index y/y for February: Expected 2.5%; Prior 2.5%
0830 - Core PCE price index m/m for February: Expected 0.3%; Prior 0.3%
0830 - Core PCE price index y/y for February: Expected 2.7%; Prior 2.6%
0830 - Personal income m/m for February: Expected 0.4%; Prior 0.9%
0830 - Consumer spending m/m for February: Expected 0.5%; Prior -0.2%
1000 - UMich consumer sentiment for March: Expected 57.9; Prior 57.9

Lululemon Athletica Inc (LULU)

-12.59%

Gapping down following its Q4 2024 earnings report. The company reported GAAP earnings of $6.14 per share and sales of $3.611 billion, beating estimates of $5.85 and $3.573 billion, respectively. Lululemon guided Q1 EPS guidance between $2.53 and $2.58, below estimates of $2.74, and projected revenue between $2.335 billion and $2.355 billion for the quarter, missing expectations of $2.39 billion. The company’s FY 2025 EPS guide also missed expectations.

Tesla Inc (TSLA)

+1.14%

The stock is poised to end its nine-week losing streak and close higher on the week. Tesla rallied above the $290 level on Thursday morning before pulling back sharply but still managed to close marginally higher on the day. Deutsche Bank lowered its price target for the stock from $420 to $345 on Friday morning but maintained its Buy rating. Additionally, UK Finance Minister Rachel Reeves indicated that the UK could potentially revaluate the subsidies that Tesla receives, following a similar move by Canada earlier this week.

Crypto Stocks

-2.34%

Trading lower as a group in tandem with a sharp pullback in Bitcoin. The cryptocurrency broke below recent support around $86,000 and is trading just below $85,000 as of 7:20 AM ET. Separately, March 27 marked the tenth straight day of inflows for Bitcoin ETFs

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

Super Micro Computer Inc (SMCI)

+2.68%

Trading higher premarket after introducing new single-socket servers that offer performance comparable to traditional dual-socket systems while reducing costs, power consumption, and space requirements. These energy-efficient servers support up to 500-watt TDP processors and double the core count of previous generations, catering to diverse data center workloads. Approximately 24.6% of Super Micro’s float is sold short.

AppLovin Corp (APP)

+4.13%

The stock closed 20% lower on Thursday following a short report from Muddy Waters. The short report accused the company of relying on retargeting, extracting user data from major platforms, and violating ad platform policies. Muddy Waters claimed that these practices could put AppLovin at risk of deplatforming. Fellow short sellers Bear Cave, Fuzzy Panda, and Culpert Research all issued short reports on the stock during a five-day period in late February 2025.

Apple and Meta Platforms

-0.51%

On watch after the Financial Times reported that the EU plans to enforce the Digital Markets Act against Apple and Meta but will limit fines to avoid tensions with Trump. Instead of imposing maximum penalties, regulators are prioritizing compliance by requiring both companies to change their practices.

AAPL, META

CoreWeave Inc (CRWV)

0.00%

The Nvidia-backed cloud computing company is set to debut on the Nasdaq on Friday. CoreWeave priced its IPO at $40 per share, below expectations of $47 to $55. The company, which saw explosive revenue growth to $1.9 billion in 2024 but remains unprofitable, relies heavily on Microsoft for revenue while securing strategic investments from Nvidia and OpenAI. The primary book-running managers behind the IPO include Goldman Sachs, Morgan Stanley, and JPMorgan Chase.

Rocket Lab USA Inc (RKLB)

+8.31%

Gapping up after being selected by the U.S. Space Force to compete for national security missions under a five-year, $5.6 billion NSSL Phase 3 Lane 1 contract. The company plans to use its Neutron rocket for these missions, with its first launch set for later this year from Wallops Island, Virginia.

United States Steel Corp (X)

+4.93%

Trading sharply higher premarket after Semafor reported that the company is in talks with Nippon Steel to salvage their $14 billion merger. Part of this negotiation reportedly involves increasing planned investments in Rust Belt facilities from $2.7 billion to up to $7 billion. Nippon Steel’s president confirmed ongoing negotiations with the U.S. government to finalize the deal's terms and future investment commitments.

KULR Technology Group (KULR)

+13.70%

Gapping up after its Q4 2024 earnings report. The company reported GAAP losses of $0.02 per share, in line with analyst estimates, and sales of $3.37 million, above estimates of $2.901 million. Revenue increased by 44% on a year-over-year basis, while operating losses narrowed by 29%. Roughly 11% of the stock’s float is sold short.

Portage Biotech Inc (PRTG)

+156.88%

Gapping up after reporting positive data for PORT-7, used in the treatment of mesothelioma. The stock has a float of 275,000 shares, approximately 8.4% of which are sold short.