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

1000 - Consumer inflation expectations for February: Prior -3.1%

Oil Stocks

+11.35%

Gapping up amid continued and escalating tensions in the Middle East. West Texas Intermediate crude futures have surpassed the $100 mark, the first time they have done so since 2022. Kuwait, Iraq, and the United Arab Emirates - all of which are major OPEC producers - are reducing or have announced plans to reduce oil productions in relation to concerns about passage through the Strait of Hormuz. US President Donald Trump addressed concerns about oil prices in a Truth Social post over the weekend, saying that the spike is a “very small price to pay” for longer-term peace.

USO, BOIL

Hims & Hers Health

+44.61%

Gapping up after Bloomberg reported that Novo Nordisk plans to sell its weight-loss drugs on the company’s platform, potentially ending a recent legal dispute between the firms. The reported partnership comes weeks after Novo sued Hims over patent infringement tied to a $49 copy of its obesity pill and amid pressure from the U.S. Food and Drug Administration. An official announcement could come as soon as Monday.

S&P 500 Additions

+1.98%

Vertiv, Lumentum, EchoStar, and Coherent are all set to join the S&P 500 effective March 23, 2026. These stocks will be replacing Match Group, Molina Healthcare, Lamb Weston, and Paycom Software in the index. Vertiv, Lumentum, and EchoStar are trading marginally higher premarket, while Coherent is trading marginally lower.

VRT, LITE, SATS, COHR

Micron Technology Inc (MU)

-1.29%

On watch after the Korea Economic Daily reported that Samsung Electronics and SK Hynix have secured exclusive supply of next-generation HBM4 memory for Nvidia’s upcoming “Vera Rubin” AI accelerator. This deal would give them a lead over Micron in the race for premium AI memory chips. Strong AI demand is boosting pricing power in the HBM market, with Samsung already mass-producing HBM4 chips and negotiating prices around $700 per unit.

Oracle Corp (ORCL)

-0.95%

The stock, along with several other AI players, dropped sharply on Friday afternoon after Bloomberg reported that Oracle and OpenAI paused plans to expand their data center site in Texas. CNBC reported shortly thereafter that “existing” plans for the project “remain on track”; approximately an hour later, Reuters reported that a potential expansion that was previously planned for the Texas site will be “fulfilled at an existing AI data center campus”. Oracle themselves issued a statement denying the reports on Sunday evening.

Crypto Stocks

-1.31%

Trading lower as a group despite an uptick is Bitcoin, which is poised to close green on Monday. As of Sunday’s close, the cryptocurrency narrowly posted its first green week after a six-week red streak. Both Ethereum and Bitcoin are trading roughly 2% higher as of Monday morning at 7:30 AM ET.

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

Marvell Technology and SoFi Technologies

-2.55%

Trading lower premarket following the announcement of the latest additions to the S&P 500 for Q1 2026. Both Marvell and SoFi were considered prime candidates for inclusion in the index, though prediction market action suggested that SoFi was unlikely to be added at this time.

MRVL, SOFI

NVIDIA Corp (NVDA)

-0.78%

A regulatory filing from Friday, March 6 revealed that the company has approved a new fiscal 2027 compensation plan that sets a $4 million target cash bonus for CEO Jensen Huang, tied to meeting specific revenue goals. Separately, Nvidia-backed AI firm Nscale reached a $14.6 billion valuation after raising $2 billion in a new funding round.

Amazon Inc (AMZN)

-1.36%

The company has urged the Federal Communications Commission to reject SpaceX’s proposal to deploy up to one million satellites, arguing the plan lacks detail and is unrealistic given the pace of global satellite launches. Amazon Leo warned the massive constellation could create orbital congestion and resource conflicts for other operators. The proposal has already drawn more than 1,200 public comments from the likes of astronomers and other companies urging regulators to deny it.

GE Vernova Inc (GEV)

-0.78%

Rothschild Redburn double-upgraded the stock to Buy from Sell and raised its price target to $1,100 from $560, citing sharply accelerating demand for AI-driven power and gas turbines. The firm now forecasts 2028 EBITDA 47% above consensus as turbine order margins surge and the gas turbine market is expected to exceed 100GW in both 2026 and 2027. Separately, GE Vernova was announced as one of the newest additions to the S&P 100 as of March 23, 2026.

eLong Power Holding Ltd (ELPW)

+30.00%

Trading sharply higher premarket. On Friday morning, the company announced a 1-for-80 reverse stock split, to take effect as of the open on Thursday, March 12. The stock has a market capitalization of $1.6 million and a float of 2.44 million shares, approximately 51% of which are sold short.