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

0830 - Retail sales m/m for April: Expected 0%; Prior 1.4%
0830 - PPI m/m for April: Expected 0.2%; Prior -0.4%
0830 - PPI y/y for April: Expected 2.5%; Prior 2.7%
0830 - Core PPI m/m for April: Expected 0.3%; Prior -0.1%
0830 - Core PPI y/y for April: Expected 3.1%; Prior 3.3%
0830 - Initial jobless claims: Expected 227.5k; Prior 228k
0840 - Fed Chair Powell speaks

UnitedHealth Group Inc (UNH)

-6.42%

Gapping down after the Wall Street Journal reported that the company is under investigation by the U.S. Department of Justice for possible criminal fraud. The reported investigation concerns UnitedHealth’s Medicare Advantage practices, alongside existing probes into antitrust and billing issues. The news follows the exit of CEO Andrew Witty and a suspension of 2025 guidance, both of which were announced earlier this week.

Foot Locker Inc (FL)

+84.23%

Gapping up after DICK'S Sporting Goods announced that it has agreed to acquire the company. The acquisition, which values Foot Locker at approximately $2.4 billion in equity and $2.5 billion in enterprise value, aims to create a global sports retail platform. Foot Locker shareholders are set to receive either $24 in cash or 0.1168 DICK'S shares per Foot Locker share. DICK’S (DKS) is trading sharply lower premarket with light volume.

Walmart Inc (WMT)

+2.44%

Trading higher premarket following its earnings report for Q1. Adjusted earnings of $0.61 per share beat estimates of $0.58, while sales of $165.61 billion missed estimates of $165.88 billion. Global e-commerce sales grew by 22% year-over-year, and comparable store sales grew by 4.5%. The company affirmed its FY26 sales and EPS guide, both of which missed analyst estimates, and guided higher-than-expected sales for Q2. CFO John David Rainey warned that tariff-related price hikes could begin within the month.

NVIDIA Corp (NVDA)

-0.85%

Reuters reported that the U.S. has reached a preliminary deal with the UAE to allow the import of 500,000 Nvidia AI chips annually starting this year, potentially running through 2027 or even 203. About 20% of the chips may go to UAE tech firm G42, while the rest could support U.S. firms building AI infrastructure in the region.

Alibaba Group Holding Ltd (BABA)

-5.68%

Gapping down after its Q4 2025 earnings report. Adjusted earnings of $1.73 per share handily beat estimates of $1.48, though sales of $32.58 billion missed estimates of $33.08 billion. The company announced a dividend of $2.00 per American depository share.

Apple Inc (AAPL)

-1.03%

On watch after President Donald Trump criticized Apple CEO Tim Cook for expanding manufacturing in India, expressing concerns over the shift away from U.S.-based production and citing India’s high tariffs during a news conference in Qatar. While Apple plans to make most U.S.-sold iPhones in India by June, Trump emphasized the company’s $500 billion U.S. investment and ongoing trade negotiations with India aimed at reducing tariffs.

CoreWeave (CRWV)

-6.61%

Gapping down after its Q1 2025 earnings report, the company’s first report since its IPO in March. GAAP losses of $1.49 per share sharply exceeded the expected loss of $0.12 per share, but sales of $981.63 million significantly exceeded estimates of $859.77 million and represented 420% year-over-year growth. The company had a revenue backlog of $25.9 billion as of the end of the quarter, some of which is connected to its strategic deal with OpenAI.

Cisco Systems Inc (CSCO)

+3.28%

Trading higher premarket after reporting earnings for Q3 2025, with adjusted earnings of $0.96 per share and sales of $14.15 billion beating estimates of $0.92 and $14.08 billion, respectively. Cisco projected Q4 earnings between $0.96 and $0.98 per share, above estimates of $0.95, and sales between $14.5 billion and $14.7 billion, compared to estimates of $14.58 billion. The company also raised its sales, adjusted EPS, and GAAP EPS guide for FY25.

Coinbase Global Inc (COIN)

-2.43%

The company revealed a cyberattack involving bribed overseas support contractors that exposed internal data and customer information, potentially costing the company between $180 million and $400 million. No customer funds or sensitive credentials were compromised. Coinbase rejected a $20 million extortion demand, is cooperating with law enforcement, and is enhancing security measures including launching a U.S.-based support hub.

Aytu Biopharma Inc (AYTU)

+43.70%

Gapping up after its Q3 2025 earnings report. The company reported an unexpected profit of $0.21 per share, significantly better than an estimated loss of $0.17, with sales of $18.45 million beating estimates of $13.74 million. The stock has a float of 4.5 million shares.

Ekso Bionics Holdings Inc (EKSO)

+100.55%

Gapping up after being accepted into the NVIDIA Connect program to support its new strategic initiative focused on developing a proprietary foundation model for human motion. The company plans to leverage NVIDIA's tools and resources to enhance AI capabilities across its Enterprise Health and Personal Health device portfolio.