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

0830 - Nonfarm payrolls for April: Expected 135k; Prior 228k
0830 - Unemployment rate for April: Expected 4.2%; Prior 4.2%
0830 - Average earnings for April: Expected 3.9% Prior 3.8%
0830 - Participation rate for April: Expected 62.5%; Prior 62.5%
1000 - Factory orders m/m for March: Expected 4.5%; Prior 0.6%

Apple Inc (AAPL)

-3.01%

Trading lower premarket after reporting earnings for Q2 2025. Adjusted earnings of $1.65 per share and sales of $95.36 billion beat estimates of $1.63 and $94.53 billion, respectively. Revenue in Greater China declined on a year-over-year basis, but every other region experienced sales growth. CEO Tim Cook noted that the company will experience a $900 million impact in the current fiscal quarter due to tariffs. Additionally, Apple raised its dividend by one cent to $0.26 and announced an additional $100 billion buyback program.

Amazon.com Inc (AMZN)

-0.76%

The company reported Q1 earnings of $1.59 per share and sales of $155.7 billion, exceeding expectations of $1.36 and $155.04 billion, respectively. North American sales grew by 8% year-over-year, international sales increased by 5%, and AWS sales rose by 17%. Amazon guided sales between $159 billion and $164 billion for Q2, compared to estimates of $160.19 billion.

Chinese ADRs

+2.43%

Trading higher premarket after a spokesperson for China’s commerce ministry confirmed that officials from the US have reached out to China in the hopes of starting tariff negotiations. China continues to insist that the US must first remove all unilateral tariffs to demonstrate sincerity and rebuild trust, warning that failure to do so would hinder negotiations. Both nations continue to mitigate tariff impacts through exemptions on key goods. Separately Xpeng reported a 273% year-over-year increase in deliveries for April 2025.

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

Block Inc (XYZ)

-21.15%

Gapping down after its Q1 2025 earnings report, with adjusted earnings of $0.56 per share and sales of $5.77 billion sorely missing estimates of $0.87 and $6.2 billion, respectively. CEO Jack Dorsey attributed the earnings miss to “changes in consumer spending”, though he noted that the company was disappointed in its performance thus far in 2025.

NVIDIA Corp (NVDA)

+1.08%

Reuters reported that CEO Jensen Huang warned U.S. lawmakers that AI chip export restrictions might unintentionally boost Huawei’s global competitiveness by increasing demand for its chips. In a closed-door meeting, Huang reportedly emphasized the strategic importance of AI infrastructure and urged continued U.S. investment. Nvidia previously warned of a $5.5 billion impact to its Q1 performance in connection to its made-for-China AI chip, the H20.

Reddit Inc (RDDT)

+8.12%

Gapping up following its Q1 2025 earnings report. Earnings of $0.13 per share beat estimates of $0.02, while sales of $392.36 million exceeded expectations of $370.01 million. The company reported a 31% year-over-year increase in Daily Active Uniques, with ad revenue growing by 61% and gross margin improving by 190 basis points.

Meta Platforms Inc (META)

+1.07%

The company projects its generative AI products could generate between $460 billion and $1.4 trillion in revenue by 2035, according to unsealed court documents from a copyright lawsuit. The filings also reveal Meta’s monetization of its Llama AI models through revenue-sharing agreements. Meta reported higher-than-expected income and revenue during its Q1 2025 earnings report, released on Wednesday afternoon.

Strategy and Riot Platforms

+0.32%

Each of these crypto-related companies reported earnings after the bell on Thursday. Strategy posted adjusted losses of $16.53 per share, well below the expected loss of $0.11, with sales of $111.07 million missing estimates of $115.85 million. The company reported an 11% Bitcoin yield in Q1, rising to 13.7% by April 28, with BTC gains totaling 49,131 in Q1 and 61,497 year-to-date. As of March 31, the firm held 528,185 Bitcoin at an average cost of $67,457 each. Riot, meanwhile, reported a sales beat and a year-over-year decline in earnings, though Bitcoin production grew on a year-over-year basis.

MSTR, RIOT

Take-Two Interactive Software Inc (TTWO)

-8.58%

Gapping down after announced that the release of Rockstar Games’ long-awaited Grand Theft Auto VI has been pushed to May 26, 2026, later than its previously-announced Fall 2025 launch. Rockstar stated that the extra time will support its “creative vision” for the game. Despite the delay, the company still anticipates record net bookings in fiscal years 2026 and 2027.

Airbnb Inc (ABNB)

-5.21%

Gapping down after its Q1 2025 earnings report. Earnings of $0.24 per share and revenue of $2.27 billion narrowly exceeded estimates of $0.23 and $2.26 billion, respectively. The company guided Q2 sales between $2.99 billion and $3.05 billion, the midpoint of which fell below estimates of $3.04 billion.

Atlassian Corp (TEAM)

-16.60%

Gapping down after its Q3 2025 earnings report. Adjusted earnings of $0.97 per share beat estimates of $0.87, while sales of $1.36 billion narrowly exceeded expectations of $1.35 billion. The company guided Q4 2025 earnings between $1.349 billion to $1.359 billion, missing estimates of $1.43 billion, and raised its FY 2025 sales guidance to $5.19 billion.

Roku and Fubotv

-5.11%

Both companies are trading lower after reporting Q1 earnings. Roku posted smaller-than-expected losses per share and better-than-expected sales. The company lowered its FY25 sales guidance to $4.55 billion, below estimates of $4.57 billion. Meanwhile, Fubo reported losses of $0.02 per share, narrower than the expected loss of $0.09, with sales of $405.96 million missing estimates of $415.45 million.

Freight Technologies Inc (FRGT)

+203.61%

Gapping up on continued strength. On Wednesday, the company announced that it entered into an agreement for up to $20 million in convertible note financing, to be used for to purchase official Trump Tokens. The company’s goal is to create a Trump Token treasury. Freight Technologies has a float of 1.45 million shares, almost 6% of which are sold short.