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

1200 - Fed’s Barkin speaks

UnitedHealth Group Inc (UNH)

-6.71%

Gapping down after the Guardian reported the company secretly paid nursing homes bonuses to help cut costs by reducing hospital transfers, potentially risking patient health. The stock and company have dealt with a series of negative catalysts in recent days, from the resignation of CEO Andrew Witty to a Wall Street Journal report suggesting that the company is being investigated by the Department of Justice for Medicare fraud.

Tesla Inc (TSLA)

+0.43%

CEO Elon Musk was interviewed twice by CNBC on Tuesday afternoon, during which he spoke extensively about the company’s hotly-anticipated RoboTaxi service. Musk maintained that the RoboTaxis will be launched in Austin, Texas by the end of June, and noted that he expects “hundreds of thousands” of self-driving Tesla vehicles by the end of 2026. According to Musk, the company is also in talks with other automakers for potential FSD licensing deals.

Target Corp (TGT)

-3.79%

Trading sharply lower premarket after its Q1 2025 earnings report, with adjusted earnings of $1.30 per share and sales of $23.85 billion missing estimates of $1.64 and $24.32 billion, respectively. Comparable sales dropped by 3.8%, though comparable digital sales grew by 4.7% year-over-year. The company cut its adjusted EPS guide for the fiscal year from $8.80-$9.80 to $7-$9, compared to estimates of $8.48, and expects sales to decline in the low single digits. Target’s GAAP EPS guide, however, was widened to reflect greater upside potential.

Alphabet Inc (GOOGL)

+0.44%

The company held the keynote for its I/O Developer Conference on Tuesday and made a host of AI-related announcements. Chief among them is a $249.99/month "Google AI Ultra" subscription offering exclusive access to its most advanced AI models, highest usage limits, and experimental features, along with 30TB of storage and YouTube Premium. Alphabet also announced a coding agent named Jules, a smart glasses partnership with Warby Parker, and the launch of its AI Mode for US users.

Palo Alto Networks Inc (PANW)

-3.71%

Trading lower premarket following its Q3 2025 earnings report. Adjusted earnings of $0.80 per share and sales of $2.29 billion narrowly beat estimates of $0.77 and $2.28 billion, respectively. The company guided Q4 earnings between $0.87 and $0.89 per share, just above estimates of $0.86, and its sales guide of $2.49-$2.51 billion met estimates of $2.5 billion. Palo Alto raised its guidance for FY 2025 earnings and revenue.

NVIDIA and Advanced Micro Devices

-0.22%

Both stocks moved higher post-market as traders digested comments on AI and chip purchases from Tesla CEO Elon Musk during a CNBC interview. Musk said Tesla and xAI will continue purchasing chips from NVIDIA, AMD, and possibly others, with xAI already operating 200,000 GPUs at its Colossus facility and planning a 1 million GPU site outside Memphis. Separately, Cantor Fitzgerald maintained its Overweight rating and $200 price target on Nvidia ahead of its May 28 earnings report, citing strong Q2 guidance, a robust Blackwell chip ramp, and improving shipment visibility.

NVDA, AMD

Xpeng Inc (XPEV)

+5.23%

Trading sharply higher premarket following its Q1 2025 earnings report. Losses of $0.06 per share marked an improvement from losses of $0.21 per share for Q1 2024, and sales of $2.18 billion grew substantially from $906.9 million year-over-year. Vehicle deliveries grew by 330.8% year-over-year to reach 94,008 units for Q1. The company guided Q2 vehicle delivery growth of 237.7% to 257.5% year-over-year.

Baidu Inc (BIDU)

+2.36%

Trading higher premarket after its Q1 2025 earnings report. Adjusted earnings of $2.55 per share exceeded expectations of $1.96, while sales of $4.47 billion beat estimates of $4.3 billion.

VF Corp (VFC)

-13.58%

Gapping down after its Q4 2025 earnings report. The company posted losses of $0.13 per share, slightly narrower than the expected loss of $0.14, with sales of $2.14 billion missing estimates of $2.18 billion. VF Corp guided a 3% to 5% revenue decline for Q1 2026.

Edible Garden AG Inc (EDBL)

+76.41%

Gapping up following a strong showing on Tuesday, when the company announced the that the first phase of its Kick Sports Nutrition line has launched on Amazon. The stock has a float of 1.44 million shares, 6% of which are sold short.