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

0815 - ADP employment change for February: Expected 50k; Prior 22k
0945 - S&P services PMI for February: Expected 52.3; Prior 52.3
0945 - S&P composite PMI for February: Expected 52.3; Prior 52.3
1000 - ISM services PMI for February: Expected 53.5; Prior 53.8

Crypto Stocks

+6.53%

Trading sharply higher as a group in tandem with continued strength in Bitcoin, which breached a three-week high as of Wednesday morning. President Donald Trump shared a Truth Social post about the crypto-focused Clarity Act around 5:00 PM on Tuesday, opining that it needs to be “taken care of” and that banks are undermining the Genius Act. Hours later, Trump shared a screenshot of a post from Coinbase CEO Brian Armstrong in which Armstrong praised the Trump administration for taking steps to “make America the crypto capital of the world”; Armstrong initially posted the comments on January 23, 2026.

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

NVIDIA Corp (NVDA)

+0.92%

Leo KoGuan, a billionaire known for being a significant Tesla shareholder, announced that he purchased one million Nvidia shares. KoGuan communicated to Bloomberg News that he plans to purchase another one million shares in the company’s stock. He further noted that he does not believe AI is a bubble and wants to “show support to a nervous market” through his purchases.

Tesla Inc (TSLA)

+1.37%

Trading marginally higher premarket after BofA assumed coverage of the stock with a Buy rating and $460 price target. The firm value’s Tesla’s Optimus humanoid robot business at over $30 billion, or about 2% of its overall valuation. BofA also values the company’s Energy segment at $90 billion (6% of valuation), expecting strong market share in residential Powerwall batteries and Megapacks serving utilities and data centers.

GitLab Inc (GTLB)

-8.16%

Gapping down after its Q4 2026 earnings report. The company posted adjusted earnings of $0.30 per share and sales of $260.4 million, beating estimates of $0.23 and $252.211 million, respectively. GitLab projected revenue between $1.099 billion and $1.118 billion for FY 2027, missing estimates of $1.124 billion; its adjusted EPS outlook of $0.76-$0.80 similarly missed estimates of $1.05. The company’s EPS and revenue projections for Q1 2027 were roughly in-line with estimates.

Moderna Inc (MRNA)

+9.44%

Gapping up after agreeing to pay $950 million in a lump sum in Q3 2026 to settle global patent litigation with Arbutus Biopharma Corporation and Genevant Sciences. The company will record the charge in Q1 2026, with the agreement covering Spikevax and mRESVIA and eliminating future royalty obligations for its infectious disease portfolio. Moderna also plans to appeal a separate Section 1498 ruling and could owe up to an additional $1.3 billion if it loses.

CrowdStrike Holdings Inc (CRWD)

+0.28%

The company posted adjusted earnings of $1.12 per share and sales of $1.305 billion for Q4 2026, narrowly beating estimates of $1.10 and $1.297 billion, respectively. Total revenue and subscription revenue each grew by 23% year-over-year, with annual recurring revenue growing by 24%. CrowdStrike projected sales between $5.867 billion and $5.928 billion for FY 2027, above estimates of $5.862 billion; the midpoint of its adjusted EPS outlook for the same period also exceeded expectations.

Oil Stocks

-1.73%

The group remains on watch amid continuing tensions in the Middle East. Israel announced a new round of attacks on Tehran as of Wednesday morning. On Tuesday afternoon, President Trump announced that the US will provide maritime trade through the Persian Gulf with risk insurance due to threats made to tankers crossing the Strait of Hormuz.

OXY, XOM, CVX, COP, INDO, TPET

Microsoft Corp (MSFT)

+0.02%

Reuters reported that Japan’s Fair Trade Commission has launched a formal probe into the company’s cloud business. The probe will reportedly focus on whether licensing, pricing, and technical terms tied to Microsoft 365 and Windows Server unfairly steer customers toward Azure and disadvantage rivals such as Amazon Web Services and Google Cloud. Separately, The Information reported that OpenAI, in which Microsoft is a major investor, is working on a product to compete with Microsoft’s GitHub.

Apple Inc (AAPL)

-0.28%

On watch as its week of product launches and unveilings continues. Oppenheimer reiterated its Perform rating on the stock after the company unveiled new MacBook Pro models powered by M5 Pro and M5 Max chips, which the firm says mark a new era of local AI computing and reinforce Apple’s lead in efficiency and scalability. The analysts highlighted Apple’s new Fusion Architecture, which allows the company to scale AI performance by adding more GPU cores without altering the CPU.

Abercrombie & Fitch Co (ANF)

-2.99%

Trading lower premarket following its Q4 2025 earnings report. Adjusted earnings of $3.68 per share beat estimates of $3.57, while sales of $1.669 billion were in-line with estimates. The company guided GAAP EPS between $10.20 and $11 for FY 2026, compared to estimates of $10.22; the midpoint of its sales guide for the fiscal year came in just below analyst estimates. Abercrombie projected weaker-than-expected GAAP EPS and sales for Q1 2026.

Intel Corp (INTC)

+0.84%

The company announced that longtime board Chair Frank Yeary will retire after its May annual shareholder meeting, marking another leadership change as CEO Lip-Bu Tan works to reshape the company. Board member and veteran chip executive Craig Barratt will succeed Yeary, who had served on Intel’s board since 2009 and as chair since 2023.

Alibaba Group Holding Ltd (BABA)

-0.51%

On watch after Junyang Lin, the technical lead behind its Qwen models, unexpectedly stepped down just one day after the launch of Qwen 3.5. Despite the leadership shakeup, Alibaba continues expanding its AI ecosystem, growing developer tools and cloud offerings.

Meta Platforms Inc (META)

-0.18%

The Wall Street Journal reported that the company signed a three-year AI content licensing deal worth up to $50 million annually with News Corp, gaining access to US and UK news archives to power and train its AI tools. The agreement highlights intensifying competition with OpenAI, which has secured its own major publisher partnerships, as Big Tech firms increasingly pay for journalism to enhance chatbot capabilities.

Actelis Networks Inc (ASNS)

+120.24%

On Monday morning, the company announced that it received an order for a highway modernization project from California’s Department of Transportation. The company will deploy its MetaLight solution as part of the deal. Actelis has a market capitalization of $1.65 million and a float of 8.3 million shares.