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

0830 - Building permits (prelim) for April: Expected 1.383M; Prior 1.363M
0830 - Initial jobless claims: Expected 210k; Prior 211k
0830 - Housing starts for April: Expected 1.419M; Prior 1.521M
0830 - Philly Fed manufacturing index for May: Expected 12; Prior 26.7
0945 - S&P composite PMI for May: Expected 51.6; Prior 51.7
0945 - S&P services PMI for May: Expected 51.1; Prior 51
0945 - S&P manufacturing PMI for May: Expected 53.8; Prior 54.5

NVIDIA Corp (NVDA)

-0.13%

On watch after its hotly-anticipated Q1 2027 earnings report. Revenue grew by 85% year-over-year to $81.6 billion, above estimates of roughly $79 billion, with adjusted EPS of $1.87 similarly beating estimates of $1.76. Data center revenue came in at $75.2 billion, trouncing estimates of $73 billion and representing 92% year-over-year growth. The company projected Q2 2027 revenue of $91 billion, plus or minus 2%, compared to estimates of $87.2 billion. Nvidia also authorized an additional $80 billion in share buybacks and increased its dividend from $0.01 per share to $0.25 per share.

Quantum Stocks

+4.03%

Trading higher as a group after the Wall Street Journal reported that the US government is set to invest $2 billion across nine quantum companies. IBM is reportedly set to receive $1 billion, while Global Foundries is set to receive $375 million. D-Wave Quantum, Rigetti, and Infleqtion are among the companies reportedly set to receive $100 million each. The deal structure will reportedly be a combination of grants and minority equity stakes, though the deals have yet to be finalized.

IBM, GFS, QBTS, RGTI, INFQ, QUBT, HON, IONQ

Walmart Inc (WMT)

-1.99%

Trading lower after its Q1 2027 earnings report. Revenue grew by 7.3% year-over-year to $177.5 billion, beating estimates of $174.98 billion, with adjusted earnings of $0.66 per share meeting analyst expectations. Comparable sales grew by 4.1%, compared to estimates of 3.82% growth. The company projected adjusted EPS between $2.75 and $2.85 for FY 2027, missing estimates of $2.92; its Q2 2027 adjusted EPS outlook of $0.72-$0.74 also fell short of the estimated $0.75.

Intuit Inc (INTU)

-13.77%

Gapping down after its Q3 2026 earnings report, during which the company announced to lay off approximately 3,000 employees (17% of its workforce). Quarterly revenue came in at $8.6 billion, up 10% year-over-year, with adjusted EPS of $12.80 beating estimates of $12.57. The company projected 36% year-over-year growth for TurboTax Live revenue in FY 2026. Intuit hiked its revenue and EPS outlook for the fiscal year and projected better-than-expected adjusted EPS for Q4 2026.

Oil and Energy Stocks

+2.21%

Trading higher as a group as traders continue to digest a flurry of headlines related to the US-Iran conflict. Iran said it is reviewing the latest proposal from the Trump administration to end the war, with Foreign Ministry spokesperson Esmaeil Baghaei confirming ongoing indirect communications mediated by Pakistan under Tehran’s original 14-point framework. Early on Thursday morning, Reuters reported that the supreme leader of Iran has stated that near-weapons-grade uranium should stay in the country.

USO, XOM, OXY, CVX, DVN, COP, BATL, RE, TPET, EONR

Advanced Micro Devices Inc (AMD)

-1.58%

The company has launched the $3,999 Ryzen AI Halo, a Mac Mini-sized local AI workstation aimed at developers. The Halo features a Ryzen AI Max+ 395 chip, 128GB unified memory, 2TB storage, and support for both Windows and Linux, with preorders opening in June. The system competes directly with Nvidia’s Linux-only DGX Spark, priced around $4,700. AMD also introduced its upcoming Ryzen AI Max 400 chip lineup for Q3 led by the 16-core AI Max+ Pro 495 with 55 TOPS NPU performance and up to 192GB unified memory support.

NIO Inc (NIO)

+3.42%

The company’s US-listed shares are trading sharply higher premarket following its Q1 2026 earnings report. The company posted a surprise profit of 0.02 Chinese yuan, well above estimates of a 0.34-yuan-per-share loss. Revenue of 25.53 billion yuan, however, narrowly missed estimates of 25.57 billion yuan. Nio projected Q2 2026 revenue between 32.78 billion yuan and 34.44 billion yuan, beating estimates of 31.83 billion yuan.

e.l.f. Beauty Inc (ELF)

+7.62%

Gapping up after its Q4 2026 earnings report. Net sales grew by 35% year-over-year to $449.3 million, with gross margin increasing by 140 basis points to 73%. Fiscal 2026 revenue grew by 25% year-over-year, the company’s seventh straight year of sales and market share growth. The company announced plans to reverse some tariff-related price hikes as consumers contend with high gas prices, a strategy it has already tested successfully on one of its products.

Meta Platforms Inc (META)

-0.47%

Bloomberg reported that Manus is exploring a roughly $1 billion funding round to help unwind its $2 billion acquisition by Meta, potentially restructuring as a Chinese joint venture ahead of a possible Hong Kong IPO. The process is complicated because employees have already joined Meta, investors have been paid out, and Manus technology has been integrated into Meta’s systems.

Eli Lilly and Co (LLY)

+1.26%

Trading higher premarket on light volume after the company said its next-generation obesity drug retatrutide met key late-stage trial goals. The highest dose helped patients lose an average of 28.3% of body weight, or about 70 pounds, over 80 weeks, potentially outperforming existing treatments from Lilly and competitor Novo Nordisk. Nearly 45% of patients achieved at least 30% weight loss. Higher doses were linked to more gastrointestinal side effects, while lower doses showed better tolerability.

Alphabet Inc (GOOGL)

-0.22%

The company, along with Meta and TikTok, faces EU consumer complaints alleging a failure to adequately protect users from financial scams. The accusations include insufficient removal of fraudulent ads and weak responses to reported fraud. The complaints, filed under the EU’s Digital Services Act by the European Consumer Organisation and its members, highlight increasing regulatory pressure on major tech firms to better safeguard users, especially vulnerable groups and children.

Stellantis NV (STLA)

-3.23%

Trading lower premarket after announcing a five-year strategic plan which involves investments valued at roughly $69.7 billion. Just over half of this total will be spent on expanding the company’s automobile portfolio and improving existing models, and the remainder will be reserved for new technology and global vehicle platforms. Stellantis also projected that it will reach positive free cash flow by FY 2028.

Sunshine Biopharma Inc (SBFM)

+63.71%

Gapping up after receiving Canadian regulatory approval for its generic Amoxicillin product. The company has a market capitalization of $1.84 million and a float of 4.9 million shares.