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

0830 - Nonfarm payrolls for February: Expected 160k; Prior 143k
0830 - Unemployment rate for February: Expected 4%; Prior 4%
1015 - Fed’s Bowman speaks
1045 - Fed’s Williams speaks
1230 - Fed Chair Powell speaks
1330 - White House Crypto Summit begins (tentative)
1500 - Consumer credit change for January: Expected $14.9B; Prior $40.85B

Broadcom Inc (AVGO)

+9.54%

Gapping up after its Q1 2025 earnings report, with adjusted earnings of $1.60 per share and sales of $14.916 billion beating estimates of $1.49 and $14.61 billion, respectively. Revenue grew by 25% year-over-year, with AI revenue growing by 77% and infrastructure revenue increasing by 47%. The company guided Q2 revenue at approximately $14.9 billion, above estimates of $14.762 billion.

Crypto Stocks

+0.35%

On watch as a group ahead of the first-ever White House Crypto Summit on Friday, March 7. The event is expected to take place from 1:30 PM to 5:30 PM ET, according to Investors Business Daily, and White House crypto and AI czar David Sacks is set to lead the event. The attendees include Strategy chairman Michael Saylor, Robinhood CEO Vlad Tenev, and Coinbase CEO Brian Armstrong.

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

NVIDIA Corp (NVDA)

+0.66%

Trading marginally higher with strong premarket volume. On Thursday, Bloomberg reported that the company has secured OpenAI and Oracle as customers for its AI chips in the $100 billion Stargate project. The project’s first Texas data center is set to house 64,000 Nvidia GB200 chips by 2026. The rollout will reportedly begin in summer 2025, marking a key phase in the broader expansion of Stargate to up to ten sites.

Walgreens Boots Alliance Inc (WBA)

+6.60%

Gapping up after announcing a $10 billion acquisition deal with Sycamore Partners, through which Walgreens will be taken private. Shareholders will receive $11.45 per share in cash, with potential additional payouts. The transaction is expected to close in Q4 2025.

Tesla Inc (TSLA)

-1.59%

On watch after Chinese media platform 36Kr reported that the company has received 200,000 orders for its refreshed Model Y in China since its January launch. The report, which cited sales staff at Tesla’s China locations, further emphasized that 6,000 vehicles have already been delivered in the first week. The 200,000 orders also includes orders that are eligible for refunds. The new Model Y, priced 5.4% higher than its predecessor, comes amid Tesla’s first annual delivery decline in over a decade.

Hewlett Packard Enterprise Co (HPE)

-19.88%

Gapping down following its earnings report, during which the company announced plans to cut its workforce by roughly 2,500 employees over the next eighteen months. Hewlett Packard guided Q2 2025 revenue between $7.2 billion and $7.6 billion and projected adjusted earnings between $0.28 and $0.34 per share, well below estimates of $7.934 billion and $0.50, respectively; its adjusted EPS guide for fiscal 2025 also missed estimates. The company reported in-line EPS and a marginal revenue beat for Q1 2025.

Intuitive Machines Inc (LUNR)

-37.03%

Gaping down following a tumultuous launch for its Athena moon lander on Thursday. The lander experienced a loss of signal, though employees confirmed at the time that Athena had reached “the surface of the moon”. Intuitive Machines later noted that Athena did not land in the proper position on the moon. Approximately 21.5% of the stock’s float is sold short.

Gap Inc (GAP)

+15.81%

Gapping up after its Q4 2024 earnings report. Adjusted earnings of $0.54 per share beat estimates of $0.37, while sales of $4.1 billion beat estimates of $4.07 billion. Net sales dropped 3% on a year-over-year basis as store and online sales both experienced declines, though comparable sales grew by 3%. The company projected 1% to 2% net sales growth for fiscal 2025, with sales for the first quarter of the fiscal year expected to be “flat to up slightly”.

Big Bear and Serve Robotics

-7.11%

Both smaller-cap retail favorites are gapping down after reporting earnings on Thursday evening. Big Bear reported losses of $0.43 per share, larger than the expected five-cent loss, with sales of $43.8 million similarly missing estimates of $54.48 million. Serve Robotics, meanwhile, reported losses of $0.23 per share compared to an expected loss of $0.18. Quarterly sales of $175,840 similarly missed estimates of $246,400.

BBAI, SERV

Samsara Inc (IOT)

-8.12%

Gapping down after its Q4 2025 earnings report. Adjusted earnings of $0.11 per share and sales of $346.3 million beat estimates of $0.07 and $335.37 million, respectively. The company guided earnings between $0.05 and $0.06 per share for Q1 2026, compared to estimates of $0.05, and projected revenue between $350 million and $352 million, the midpoint of which is in-line with estimates of $351.35 million.

Plus Therapeutics Inc (PSTV)

+43.06%

Gapping up after announcing a peer-reviewed publication on Phase 1 data of its glioblastoma treatments. The findings, published in Nature Communications, emphasized that the trial showed the “safety, response, and potential efficacy” of the treatment for afflicted patients.