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

0830 - CPI y/y for April: Expected 2.4%; Prior 2.4%
0830 - CPI m/m for April: Expected 0.3%; Prior -0.1%
0830 - Core CPI y/y for April: Expected 2.8%; Prior 2.8%
0830 - Core CPI m/m for April: Expected 0.3%; Prior 0.1%

Coinbase Global Inc (COIN)

+9.10%

The stock is set to join the S&P 500 index as of the opening bell on May 19, 2025. Coinbase will replace Discover Financial Services in the index due to the latter company’s acquisition by Capital One Financial, which is expected to close soon. Analysts from Bernstein expect the stock to attract as much as $16 billion in net inflows thanks to its inclusion in the index.

NVIDIA Corp and Advanced Micro Devices

+0.54%

On watch as a pair after the New York Times reported that the White House is considering a deal to send hundreds of thousands of U.S.-made AI chips to G42, an Emirati AI firm previously scrutinized for its China ties. The Trump administration is also expected to announce a deal granting Saudi Arabia’s AI company Humain access to tens of thousands of chips and tech support from Nvidia and AMD.

NVDA, AMD

UnitedHealth Group Inc (UNH)

-8.91%

Gapping down after announcing that CEO Andrew Witty will be leaving the company, citing personal reasons. Stephen J. Hemsley, the chairman of UnitedHealth’s board and the company’s CEO from 2006 to 2017, has been appointed to replace Witty. The company also announced that it will be suspending its 2025 outlook due to higher-than-expected medical expenditures, but noted that it expects to return to growth in the following fiscal year.

Chinese ADRs

-1.88%

Trading lower as a group in tandem with weakness during the overnight session, with the tech-heavy Hang Seng Index falling by nearly 2% on Tuesday. The drop was attributed to fading optimism from a temporary tariff truce with the U.S. faded, replaced by concerns that Beijing may delay further stimulus measures. The US also announced that tariffs on items that fall under the “de minimis” rule, including packages from Chinese retailers like Temu or Shein, will be cut from 120% to 54%.

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

Alphabet Inc (GOOGL)

-0.16%

The Information reported that Google is developing a Pinterest-like feature that uses AI to curate images, such as fashion and home design ideas, for users to browse. The tool will also allow users to save these images in folders for future reference. The development comes as the company prepares for its I/O event, set to take place on May 20 and 21.

Sea Ltd (SE)

+13.55%

Gapping up after reporting earnings for Q1 2025. Earnings of $0.65 per share narrowly beat estimates of $0.64, while sales of $4.84 billion missed estimates of $4.89 billion. GAAP revenue and gross profit grew by 29.6% and 43.9%, respectively, on a year-over-year basis.

On Holding AG (ONON)

+5.34%

Trading sharply higher premarket following its Q1 2025 earnings report, with adjusted earnings of $0.23 per share and sales of $807.7 million beating estimates of $0.16 and $570.78 million, respectively. Direct-to-consumer sales expanded by 45.3% year-over-year and wholesale sales grew by 41.5%, leading to a record quarter and total revenue growth of 43%.

The Boeing Company (BA)

+1.75%

Trading higher premarket after Bloomberg reported that China has resumed accepting Boeing aircraft deliveries after a month-long halt, following a key trade breakthrough aimed at easing U.S.-China tensions. This move allows Chinese airlines to receive around 50 jets this year, helping Boeing avoid costly delivery delays and reinforcing China’s critical role in the company’s long-term demand outlook.

Quantum Computing Stocks

-5.11%

Trading sharply lower as a group following Rigetti’s Q1 2025 earnings report. The company reported an unexpected profit of $0.13 per share, much better than the estimated six-cent loss per share, but sales of $1.47 million came in well below estimates of $2.55 million. Additionally, “Pharma Bro” Martin Shkreli criticized the quantum computing industry once again in a social media post, claiming it's still decades away from commercial viability and accusing companies of misleading investors about their financial health.

RGTI, QBTS, QUBT, IONQ, ARQQ

JD.Com Inc (JD)

-0.69%

On watch following its Q1 2025 earnings report. Adjusted earnings per American depository share came in at $1.16, beating estimates of $1.05, with sales of $41.49 billion similarly exceeding estimates of $40.2 billion. Separately, the company is one of many that has been summoned by the Chinese government to discuss issues of competition in the food delivery industry, as per a statement from China’s market regulator.

First Solar Inc (FSLR)

+5.67%

Gapping up after a handful of positive analyst notes highlighting the company as a beneficiary of proposed changes to the Inflation Reduction Act (IRA). Wolfe Research upgraded the stock to Outperform with a $221 price target, citing proposed changes to the 45X tax credit duration and negative sentiment towards China. Citigroup, meanwhile, named the company as the top IRA beneficiary in the renewables sector due to stricter FEOC rules and extended support.

Intuitive Machines Inc (LUNR)

+3.47%

Trading higher premarket following its Q1 2025 earnings report. The company guided FY2025 revenue between $250 million and $300 million, compared to estimates of $272.53 million, and expects positive run-rate adjusted EBITDA by the end of the fiscal year.