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

1420 - Fed’s Williams speaks
2100 - Trump announcement on tariffs

Tesla Inc (TSLA)

-1.93%

Trading lower premarket following the release of its China-made EV sales numbers for the month of February. This metric dropped by 49.2% on a year-over-year basis to reach a two-and-a-half-year low of 30,688 vehicles. Separately, an SEC filing from Tesla Chair Robyn Denholm revealed that she has sold $33.7 million of company stock recently as part of a pre-announced trading plan.

Crypto Stocks

-2.30%

Trading lower as a group in tandem with Bitcoin. The cryptocurrency space rallied on Sunday after Donald Trump said that his administration is working on a cryptocurrency reserve that would feature assets like XRP, SOL, ADA, BTC, and ETH. Bitcoin erased all of its Sunday gains during Monday’s session and is trading near the $83,500 level as of Tuesday morning.

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

Target Corp (TGT)

+0.65%

On watch after its Q4 2024 earnings report, with adjusted earnings of $2.41 per share and sales of $30.91 billion beating estimates of $2.26 and $30.84 billion, respectively. Comparable sales grew by 1.5% for the quarter, which was attributed to strong digital performance and consistent traffic. For fiscal 2025, Target guided flat comparable sales and net sales growth of approximately 1%. The company guided earnings between $8.80 and $9.80 per share for the fiscal year, the midpoint of which aligned with estimates of $9.31. CEO Brian Cornell commented that prices will likely increase within days due to tariffs.

Taiwan Semiconductor Manufacturing Co (TSM)

+0.57%

Trading marginally higher with volume premarket after CEO C. C. Wei and President Donald Trump announced that the company will be investing an additional $100 billion in U.S. semiconductor manufacturing on Monday. This would bring Taiwan Semi’s total Arizona commitment to $165 billion, with plans for three new fabs, two packaging facilities, and an R&D center. The expansion is expected to generate tens of thousands of high-tech jobs, support 40,000 construction roles, and drive over $200 billion in economic output over the next decade.

NVIDIA Corp and Super Micro Computer Inc

-3.05%

Both Nvidia and Super Micro are continuing to sell off premarket after losing 8% and 13%, respectively, by the close of Monday’s session. Nvidia’s selloff seems to have been in sympathy with the overall market and chip space, while Super Micro dropped on a negative analyst note from JP Morgan; filings also revealed multi-million-dollar share sales from Super Micro’s Senior VP and co-founder, as well as its Senior VP of operations. Separately, CoreWeave, an NVIDIA-backed cloud computing firm specializing in AI workloads, has filed for an IPO under the ticker "CRWV" on Nasdaq.

NVDA, SMCI

On Holding AG (ONON)

+6.58%

The company’s US-listed shares are gapping up following its Q4 2024 earnings report. Adjusted earnings of $0.38 exceeded estimates of $0.18, and sales of $691.47 million beat expectations of $594.49 million. Direct to consumer sales grew by 43.4%, while wholesale sales increased by 29.1%. On also reported significant sales increases across all of its geographic regions. The company maintained its previous guidance of 27% growth for fiscal 2025.

Okta Inc (OKTA)

+13.34%

Gapping up after its earnings report for fiscal Q4 2025, with adjusted earnings of $0.78 per share and sales of $682 million beating estimates of $0.74 and $669.461 million, respectively. The company announced that its AWS Marketplace sales over the past four year have surpassed $1 billion. Okta guided earnings per share and revenue above estimates for both Q1 and FY 2026.

Walgreens Boots Alliance Inc (WBA)

+4.87%

Trading sharply higher premarket after the Wall Street Journal reported that the company is nearing a $10 billion buyout deal with Sycamore Partners, potentially taking the company private at $11.30–$11.40 per share. If finalized, Sycamore plans to retain Walgreens' core U.S. retail operations while divesting or publicizing other segments. Roughly 9.45% of the stock’s float is sold short.

Sea Ltd (SE)

+8.11%

Gapping up after its earnings report for Q4 2024. Adjusted earnings of $0.39 per share came in just below estimates of $0.40, while sales of $4.95 billion beat estimates of $4.623 billion. The company guided gross merchandise volume growth at roughly 20% for its Shopee business in fiscal 2025.

GitLab Inc (GTLB)

-5.11%

The company posted adjusted earnings of $0.33 per share and sales of $211.431 million for fiscal Q4 2025, above estimates of $0.23 and $206.123 million, respectively. For fiscal 2026, GitLab projected adjusted earnings between $0.68 and $0.72 per share, below estimates of $0.79, and the midpoint of its revenue guidance just missed estimates of $939.1 million. Its guidance for Q1 2026 was similarly mixed.

SoundHound AI (SOUN)

-10.56%

Gapping down with volume after filing a non-timely 10-K with the SEC. The filing noted ongoing material weaknesses within the company as of December 31, 2024. Nearly 31% of SoundHound’s float is sold short.