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

1000 - UMich consumer sentiment for March: Expected 54; Prior 55.5
1000 - UMich 5yr inflation expectation for March: Expected 3.5%; Prior 3.2%
1000 - UMich 1yr inflation expectation for March: Expected 3.9%; Prior 3.4%
1130 - Fed’s Daly speaks
1140 - Fed’s Paulson speaks

Oil and Energy Stocks

+3.05%

Trading higher as a group in tandem with continued strength in oil, with Brent crude futures briefly surpassing $110 and WTI futures near $96 on Friday morning. President Donald Trump announced on Thursday evening that the pause on strikes to Iran’s power plants would extend through to April 6. He also maintained that the US and Iran are negotiating to end the conflict despite reports that suggest the countries are not in talks. Additionally, Iran’s Revolutionary Guard reported said that “harsh measures” are in store for anyone who tries to pass through the Strait of Hormuz.

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

Unity Software Inc (U)

+11.68%

Gapping up after announcing preliminary Q1 2026 revenue between $505 million and $508 million, outpacing previously-provided guidance of $480 million-$490 million. The company expected to post adjusted EBITDA between $130 million and $135 million for the same quarter, exceeding Unity’s previously-stated outlook and implying 58% year-over-year growth. Unity attributed this strength to its 15% year-over-year growth in Unity Vector. The company also stated that it will be ending its ironSource Ads Network and plans to divest from its game publishing business, Supersonic.

Meta Platforms Inc (META)

-0.89%

The stock closed nearly 8% lower on Thursday as traders assessed a pair of trial rulings against the company from earlier this week, one of which concerned child safety and the other of which was related to social media addiction. Evercore ISI opined that concerns about the company facing a “Big Tobacco moment” are likely overstated, noting child users represent only a small portion of its base and that scrutiny around youth impact has existed for years. The firm also emphasized social media’s broader benefits and highlighted Meta’s valuation.

Crypto Stocks

-2.77%

Trading lower as a group amid continued volatility as the conflict in the Middle East continues. Bloomberg reported that roughly $14 billion in options contracts are set to expire on Friday due to a quarterly rollover, which could impact nearly 40% of open positions on noted exchange Deribit. As per the Bloomberg report, the impending options expiry is raising questions about whether the event has been suppressing volatility and could trigger a sharper price move once it passes. Bitcoin is trading at $66,500 as of 7:10 AM ET on Friday, below its prior-week low.

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

Alphabet Inc (GOOGL)

-1.03%

On watch after Wells Fargo issued a positive note on the stock. The firm maintained an Overweight rating on the stock and said it could gain 40%, calling Google a frontrunner in the AI space.

Super Micro Computer Inc (SMCI)

-2.07%

Reuters reported that procurement data shows Chinese universities, including some linked to the military, have continued purchasing servers from Super Micro Computer containing restricted AI chips. These purchases, which were first reported by Reuters in 2024, have occurred despite US export controls on advanced processors and are likely to raise concerns among US lawmakers about enforcement gaps.

Netflix Inc (NFLX)

-0.25%

The company has raised prices across all US plans, including its ad-supported tier and premium offerings, as it invests in new content formats like video podcasts and live sports. The increases are expected to boost average revenue per user in North America by about 6% in 2026, continuing its strategy of driving monetization from its 325M+ subscriber base. Early reports of these price hikes sent Netflix’s stock sharply higher on Thursday afternoon.

Tesla and Rivian Automotive

-0.38%

Both EV stocks are in focus on Friday morning. Tesla is on watch as traders point out that the stock is no longer benefitting from rising oil prices, breaking a historical correlation that previously supported EV valuations. While higher oil prices once made electric vehicles more economically attractive, this effect on Tesla’s shares has weakened significantly. Separately, Volkswagen’s software partnership with Rivian Automotive has reached a key milestone after successful winter testing, moving Rivian closer to receiving the next funding tranche under their multibillion-dollar collaboration.

TSLA, RIVN

Chinese ADRs

+0.21%

On watch after China launched two trade investigations targeting US policies that restrict Chinese goods and green energy exports, signaling opposition to President Donald Trump’s recent tariff-related probes. The Commerce Ministry said the six-month investigations, which could be extended, aim to protect Chinese industries and may serve as leverage in ongoing trade tensions with the US. Earlier this week, the White House announced that President Trump will be visiting Chinese President Xi Jinping from May 14-15, 2026.

NVIDIA Corp (NVDA)

-0.12%

Wolfe Research highlighted a massive potential upside for the company from its new Rubin Ultra “pods”. The analyst estimates that each pod could carry about $150M in content and unlock significant incremental revenue from CPUs, storage, networking, and especially low-latency inference racks. Based on Nvidia CEO Jensen Huang’s comment about producing 200 pods per week, Wolfe notes this could theoretically imply up to ~$120B in monthly revenue. Separately, Meta, Nvidia, and Roblox were hit with proposed class action lawsuits alleging they used millions of 3D models without permission to train AI systems for generating digital assets.

AstraZeneca PLC (AZN)

+3.74%

Gapping up after the company announced that tozorakimab met the primary endpoint in two Phase III COPD trials, significantly reducing the annualized rate of moderate-to-severe exacerbations compared with placebo over 52 weeks. The studies involved a total of 2,306 patients, according to AstraZeneca’s press release.

Onconetix Inc (ONCO)

+75.43%

Trading sharply higher premarket. The stock has a market capitalization of $2.31 million and a float of 580,000 shares, roughly 9% of which are sold short.