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

1025 - Fed’s Kugler speaks

Semiconductors and Big Tech

+4.15%

The US and China have agreed to significantly reduce tariffs, with both sides lowering rates from 125% to 10%, marking a move toward economic cooperation. These reductions, announced after Geneva talks, will last for 90 days as negotiations continue. America’s 20% tariff on fentanyl-related goods remains in place during the pause, meaning that tariffs on China total 30%.

TSLA, GOOGL, META, NVDA, MSFT, AMD, AVGO, SMCI, TSM, ARM, MRVL, MU

Chinese ADRs

+6.71%

Trading sharply higher premarket, mirroring strength in overnight trading, after the US and China announced their 90-day tariff pause. China’s CSI 300 Index closed 1.16% higher on Monday, while the tech-heavy Hang Seng Index gained almost 3%; both indices closed at or near session highs. US Treasury Secretary Scott Bessent indicated that parties from both the US and China will likely have another meeting in the “next few weeks”, and that the US will be working on addressing non-tariff barriers in the future.

BABA, BILI, BIDU, JD, PDD, LI, NIO, XPEV, ZK, FXI, KWEB

Apple Inc (AAPL)

+4.50%

The Wall Street Journal reported that the company is considering raising prices for its upcoming iPhone 17 models, aiming to justify the increase with new features and design upgrades rather than linking it to lingering U.S. tariffs on Chinese goods. Despite shifting some production to India, Apple still relies on Chinese factories for its high-end models and faces pressure to maintain profit margins amid ongoing trade tensions. Apple is trading sharply higher premarket in tandem with other China-associated tech plays after the US and China announced a 90-day pause on reciprocal tariffs.

Shopify Inc (SHOP)

+9.13%

The stock is set to be added to the Nasdaq-100 Index as of the opening bell on Monday, May 19, 2025. Shopify will replace MongoDB in the Nasdaq and its related indices, including the Nasdaq-100 Tech Sector Index. The announcement comes days after Shopify’s earnings report and less than two months after the stock changed its listing to the Nasdaq from the NYSE.

Pharmaceutical Companies

-2.31%

On watch as a group after US President Donald Trump announced he will sign an executive order to cut U.S. prescription drug prices by 30% to 80% through a “Most Favored Nation” policy, tying U.S. prices to the lowest paid globally. While the order could significantly reduce healthcare costs, details remain unclear. A similar proposal in Trump’s first presidential term faced legal challenges from the pharmaceutical industry.

LLY, MRNA, PFE, ABBV, MRK, AZN

Microsoft Corp (MSFT)

+2.15%

The company is renegotiating the terms of its multibillion-dollar partnership with OpenAI to pave the way for OpenAI's potential IPO, as reported by the Financial Times. As part of the talks, Microsoft may reduce its equity stake in exchange for continued access to future models beyond 2030. The agreement between the companies began with Microsoft’s initial $1 billion investment in OpenAI in 2019.

Shipping and Logistics Stocks

+3.47%

Trading higher as a group following the tariff pause announcement from the US and China. Shipping and logistics brands are sensitive to trade relations, and these stocks appear to be bouncing on news of a temporary resolution to the trade dispute between the countries. Zim Integrated Shipping Services, with a 20% short float, is particularly strong.

AMZN, ZIM, UPS, FDX

Gold Stocks and Miners

-5.21%

Several members of the group are gapping down amid a market-wide rally driven by the announcement of a tariff pause between the US and China. Gold and related assets held up well amid market-wide weakness when the US first announced and implemented sweeping tariffs on China due to its positioning as a safe-haven asset.

Retail Favorites

+5.52%

A slew of stocks that are closely watched by retail traders and investors are scheduled to report after the bell on Monday. These names include Rigetti (RGTI), NuScale (SMR), AST SpaceMobile (ASTS), Archer Aviation (ACHR), and Plug Power (PLUG). The companies, all of which have short floats of 20% or greater, are gapping up in tandem with market-wide strength.

RGTI, SMR, ASTS, ACHR, PLUG

monday.com Ltd (MNDY)

+3.72%

The company reported Q1 2025 earnings before the bell on Monday, with adjusted earnings of $1.10 per share and sales of $282.25 million exceeding estimates of $0.70 and $275.78 million, respectively. Monday raised FY25 sales guidance to $1.22-$1.23 billion, above estimates of $1.21 billion. The company guided Q2 sales between $292 million and $294 million, beating estimates of $275.78 million.

Kindly MD Inc (KDLY)

+461.03%

Gapping up after announcing a merger agreement with Nakamoto Holdings, through which a Bitcoin treasury will be established. Kindly MD has a float of 1.93 million shares and has rallied in the past.