^{_{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 55k; Prior 130k
0830 - Retail sales m/m for January: Expected -0.3%; Prior 0%
0830 - Unemployment rate for February: Expected 4.3%; Prior 4.%
0830 - Average earnings y/y for February: Expected 3.7%; Prior 3.7%
1000 - Business inventories m/m for December: Expected 0.1%; Prior 0.1%

Marvell Technology Inc (MRVL)

+11.65%

Gapping up after its Q4 2026 earnings report, with adjusted EPS of $0.80 and sales of $2.219 billion beating estimates of $0.79 and $2.207 billion, respectively. The company guided adjusted earnings between $0.74 and $0.84 per share and sales between $2.28 billion and $2.52 billion for Q1 2027. For FY 2027, Marvell expects year-over-year revenue growth of greater than 30%; this would bring the company’s annual revenue to roughly $11 billion. Both BofA and Benchmark upgraded the stock following the report.

NVIDIA Corp and Advanced Micro Devices Inc

-1.17%

On Thursday afternoon, Bloomberg reported that the United States Department of Commerce is drafting rules that would require government approval for nearly all global exports of advanced AI chips. The proposal could expand existing export controls worldwide, forcing companies and even governments to seek US licenses for large AI chip purchases. The Department of Commerce appeared to respond to the report in a social media post hours later, saying that there is no intention to re-implement the “burdensome, overreaching, and disastrous” AI diffusion rule.

NVDA, AMD

Oil Stocks

+1.71%

Trading higher premarket as a group amid continued strength in the energy market, with West Texas Intermediate and Brent crude futures each reaching their highest levels in nearly two years. The rally in oil occurs amid ongoing geopolitical tensions and escalations in the Middle East, particularly Iran, with JMIC reporting on Friday morning that no oil shipments have crossed the Strait of Hormuz over the prior 24 hours. A report from the Financial Times indicated that Gulf energy exporters could cease shipments quickly should the tensions continue, citing the energy minister of Qatar.

OXY, XOM, CVX, DVN, TPET, INDO, BATL

The Trade Desk Inc (TTD)

-1.95%

Trading lower premarket Wedbush downgraded the stock to Underperform with a $23 price target, arguing the stock’s ~18% rally on rumors of a partnership to monetize OpenAI’s ChatGPT ad inventory overstates the deal’s near-term financial benefit. Wedbush estimates the partnership may add only about $42M in EBITDA by 2027 and says the nearly $2B market-cap gain implies an excessive ~53× EBITDA multiple.

Gap Inc (GAP)

-8.09%

Gapping down after its Q4 2025 earnings report, with earnings of $0.45 per share and sales of $4.236 billion narrowly missing estimates of $0.46 and $4.244 billion, respectively. The company guided sales between $15.708 billion and $15.862 billion for FY 2026, compared to estimates of $15.75 billion, and projected in-line adjusted EPS between $2.20 and $2.35 for the same period. Gap’s Q1 2026 sales outlook exceeded estimates. The company also announced a $1 billion buyback program.

Memory Stocks

-0.76%

Trading lower as a group following weak overnight performances from competitors Samsung Electronic and SK Hynix in the South Korean market. The stocks lost roughly 1.8% each to close Friday’s session. South Korea’s Kospi index has seen heightened volatility throughout the weak amid increasing geopolitical tensions, recording its worst-ever single-day drop on Wednesday before posting its best single-day gain since 2008 on Thursday.

MU, STX, SNDK, WDC

Travel Stocks

-1.77%

Trading lower as a group in antipathy with rising oil prices, which has led to concerns about higher jet fuel prices for airlines and cruise lines.. Crude futures have trended higher throughout the week, on track for their best single-week performance since Russia’s escalation with Ukraine in 2022, as traders and investors assess the impacts of heightened geopolitical tensions in the Middle East. Rating agency Fitch released a note earlier this week outlining the likely impact of rising oil prices on airlines in particular, though some airlines like Ryanair have already announced plans to mitigate these concerns.

CCL, AAL, JBLU, RCL, UAL, NCLH, DAL, LUV

Crypto Stocks

-1.98%

Pulling back as a group amid a drop in Bitcoin, which is poised for its second straight red session despite a notable rally on Wednesday. After surpassing $74,000 during Wednesday’s run, the cryptocurrency retreated on Thursday to close just below $71,000. Bitcoin is trading below the $70,000 level as of Friday at 7:45 AM ET.

IBIT, ETHA, GBTC, MSTR, COIN, RIOT, CLSK, CRCL, HOOD, BLSH, GEMI

Samsara Inc (IOT)

+10.24%

Gapping up after its Q4 2026 earnings report, with adjusted earnings of $0.18 per share and sales of $444.296 million beating estimates of $0.13 and $422.259 million, respectively. The company guided sales between $454 million and $456 million for Q1 2027, beating estimates of $443.989 million; its adjusted EPS outlook for the quarter was in-line with analyst estimates. Samsara guided stronger-than-expected EPS and revenue for FY 2027.

Microsoft Corp (MSFT)

-0.53%

On watch after announcing that it will continue to offer Anthropic’s AI models in products like M365, GitHub, and AI Foundry for most customers, but will exclude the United States Department of Defense after the agency labeled Anthropic a supply-chain risk. The update comes after President Donald Trump urged federal agencies to drop Anthropic and the Pentagon moved toward alternatives like OpenAI for classified workloads. Microsoft is the only major company at this time to announce plans to continue to use Anthropic following the supply-chain risk designation.

Cre8 Enterprise Ltd (CRE)

+74.43%

Gapping up on no apparent news catalyst. On Wednesday morning, the company announced that it had regained compliance with the Nasdaq’s minimum bid price requirement. The stock has a market capitalization of $5.28 million and a float of 1.1 million shares.