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

0830 - Initial jobless claims: Expected 224k; Prior 222k
0945 - S&P manufacturing PMI for April: Expected 50.5; Prior 50.7
1000 - ISM manufacturing PMI for April: Expected 48; Prior 49
1000 - Construction spending m/m for March: Expected 0.2%; Prior 0.7%

Microsoft Corp (MSFT)

+8.93%

Gapping up after its earnings report for fiscal Q3 2025. The company reported earnings of $3.46 per share and sales of $70.07 billion, above estimates of $3.22 and $68.43 billion, respectively. Productivity and Business Processes revenue grew by 10% year-over-year, while Intelligent Cloud revenue grew by 21% and Azure revenue rose by 33%. Microsoft guided Q4 sales between $73.15 billion and $74.25 billion, exceeding expectations of $72.28 billion.

Meta Platforms Inc (META)

+6.17%

Gapping up after its Q1 2025 earnings report, with earnings of $6.43 per share and sales of $42.31 billion beating estimates of $5.21 and $41.39 billion, respectively. Family daily active people grew by 6% year-over-year, ad impressions grew by 5%, and the average ad price rose by 10%. The company guided Q2 sales between $42.5 billion and $45.5 billion, compared to estimates of $44.06 billion, and raised its FY25 capital expenditures guidance from $60-$65 billion to $64-$72 billion.

Robinhood Markets Inc (HOOD)

+4.26%

Trading sharply higher premarket following its Q1 2025 earnings report. The company reported earnings of $0.37 per share, above estimates of $0.32, with sales of $927 million similarly exceeding estimates of $922.53 million. Crypto revenue grew by 100% year-over-year by dropped 30% on a sequential basis, while options and equities revenue increased by 56% and 44% year-over-year, respectively. The company also noted a 39% increase in average revenue per user and a 90% rise in Robinhood Gold subscribers.

Amazon.com Inc (AMZN)

+3.98%

Trading sharply higher premarket, likely in sympathy with Meta and Microsoft following their earnings reports. The company announced a $4 billion investment to expand its rural delivery network across the U.S. by 2026, aiming to add over 100,000 jobs and improve delivery speed in small towns. Amazon is also on watch ahead of its earnings report; analyst are expecting the company to report earnings of $1.35 per share and revenue of $154.64 billion, according to consensus estimates.

Roblox Corp (RBLX)

+7.38%

Trading higher premarket following its earnings report. The company reported losses of $0.32 per share, narrower than the expected loss of $0.40, with bookings of $1.21 billion exceeding estimates of $1.14 billion.

Apple Inc (AAPL)

-1.27%

A U.S. district judge found the company and finance VP Alex Roman in contempt of court for willfully violating a 2021 injunction aimed at limiting Apple’s control over App Store payments. Judge Yvonne Gonzalez ordered Apple to halt its 27% commission on in-app web purchases, pay Epic Games’ legal fees, and referred the case to federal prosecutors for possible criminal contempt charges. The ruling comes ahead of Apple’s post-market earnings report, where analysts are looking for the company to post earnings of $1.61 per share and revenue of $93.56 billion.

Qualcomm Inc (QCOM)

-5.55%

Gapping down following its Q2 2025 earnings report. The company reported adjusted earnings of $2.85 per share and sales of $10.84 billion, beating estimates of $2.81 and $10.65 billion, respectively. Revenue in the Handsets, Automotive, and IoT segments all increased year-over-year, though QTL segment revenue was flat. Qualcomm guided Q3 earnings between $2.60 and $2.80 per share and projected sales between $9.9 billion and $10.7 billion for the quarter, both of which were in-line with analysts estimates.

Crypto Stocks

+3.24%

Trading sharply higher as a group in tandem with early strength in Bitcoin. The cryptocurrency pushed above local resistance at $96,000 early on Thursday, making a high just below $96,500 on the session thus far. Strategy (formerly known as MicroStrategy) and Riot are both on watch ahead of their earnings reports, scheduled to be released after the bell on May 1.

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

Tesla Inc (TSLA)

+0.66%

On watch after the Wall Street Journal reported that Tesla's board had begun a CEO succession search due to CEO Elon Musk’s divided attention and recent company struggles. The story was promptly denied by Tesla and its chair, Robyn Denholm, with Musk himself calling the report false and unethical. Tesla’s board reaffirmed its confidence in Musk’s leadership, stating he remains fully committed to the company’s growth plans.

Wayfair Inc (W)

+5.31%

Trading sharply higher premarket following its Q1 2025 earnings report. The company posted adjusted earnings of $0.10, well above an estimated loss of $0.22 per share, with sales of $2.73 billion similarly outpacing estimates of $2.71 billion.

McDonald’s Corp (MCD)

-0.84%

The company reported adjusted earnings of $2.67 per share, narrowly beating estimates of $2.66. Sales of $5.96 billion missed estimates of $6.098, representing a 3% drop and the company’s biggest sales decline since 2020. McDonald’s partially attributed its sales decline to ongoing tensions in the Middle East and weak performance in the UK.

CVS Health Corp, Moderna, and Eli Lilly

+1.21%

All three healthcare companies reported earnings before the bell. CVS is gapping up after reporting a double beat. The company raised its adjusted EPS guide for FY25 but lowered its GAAP EPS projections, and announced a Wegovy-related partnership with Novo Nordisk (NVO). Moderna is trading marginally lower after reporting a smaller-than-expected loss share and a sales beat; the company also maintained its previously-issued FY25 sales guide. Eli Lilly, meanwhile, is gapping down after lowering its FY25 EPS guide and maintaining in-line sales projections for the fiscal year.

CVS, MRNA, LLY

Nanovibronix Inc (NAOV)

+67.48%

Gapping up on no apparent news catalyst. The stock has rallied in the past and has a float of 630,730 shares, approximately 13.35% of which are sold short.