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

0830 - Building Permits for April: Expected 1.412M; Prior 1.467M
0935 - Fed’s Schmid Speaks

1000 - New Home Sales MoM for April: Prior 4.4%
1000 - New Home Sales for April: Expected 694K; Prior 724k
1200 - Fed’s Cook Speaks 

Apple Inc

-3.00%

Apple (AAPL) is in focus this morning after President Donald Trump threatened a 25% tariff on iPhones not manufactured in the U.S., posting on Truth Social that Apple must shift production from countries like India or face penalties. The warning adds pressure to Apple’s global supply chain just as the company ramps up overseas manufacturing to diversify from China. Traders should monitor AAPL along with suppliers like Foxconn, Pegatron, and TSMC, as any formal policy could impact costs, margins, and investor sentiment across the tech hardware sector.

AAPL

Amazon Inc.

-0.45%

Trading slightly lower with the markets after spike late yesterday after Bill Ackman's hedge fund, Pershing Square Capital Management, has taken a new position in following a stock decline of over 30% earlier this year. According to Bloomberg, Chief Investment Officer Ryan Israel told analysts that the firm bought Amazon shares at what it considered a highly attractive price. Israel noted that despite a slowdown in Amazon’s cloud business, the timing was ideal, as the company is expected to navigate the challenges successfully. He also described Amazon as a "fantastic franchise" that is on track to achieve over 20% earnings per share growth.

AMZN

Nuclear Stocks

+12.54%

Nuclear energy stocks are surging premarket after reports that President Trump is set to sign executive orders as early as today aimed at revitalizing the U.S. nuclear industry. The expected orders would streamline reactor approvals, bolster domestic uranium supply chains, and potentially invoke the Defense Production Act to reduce reliance on Russia and China. Uranium Energy (UEC) is up 18%, Centrus Energy (LEU) +22%, and the Global X Uranium ETF (URA) +9%, while startups like Oklo and Nano Nuclear have jumped over 17%. Traders should watch for formal confirmation and policy language later today, which could extend the rally.

UEC, EFR, LEU, CEG, GEV, VST, OKLO, NNE, URA

Bitcoin and Crypto

-0.27%

Trump’s $TRUMP meme coin is back in the spotlight after a private dinner with the former president rewarded top token holders—including one trader who spent $500K to attend. The event, held at Trump’s golf club, follows $148M+ in global token purchases, with major investors like Justin Sun holding $20M+ stakes. Despite the coin’s 86% drop from peak ($15B to $2.1B), it has funneled over 80% of profits to Trump-linked entities, raising ethical concerns. With new calls from Democrats to ban presidential crypto profits and potential changes to the GENIUS Act, traders should monitor $TRUMP, WLFI, and broader memecoin sentiment for volatility and political headlines.

BTC, ETH, COIN, MSTR, MARA, RIOT, CLSK

IonQ and Quantum Stocks

-3.89%

Giving back some gains after leading the markets in strength yesterday on the back of the CEO’s comments during a Barrons interview suggesting an Nvidia Like future in the Quantum computing space. In todays news IonQ has signed an MoU with KRISTI to integrate Quantum Tech into South Korea’s Computing Infrastructure

IONQ, RGTI, QUBT, QBTS

Microsoft Corp.

-0.21%

Microsoft (MSFT) got a regulatory boost after the FTC officially dropped its case against the $69B Activision Blizzard (ATVI) acquisition, citing it was no longer in the public interest. The deal, which closed in 2023, had faced legal hurdles but now clears any lingering antitrust risk. New FTC Chair Andrew Ferguson is shifting focus to cases aligned with the Trump administration’s agenda, further easing pressure on Big Tech. The move reinforces Microsoft’s gaming dominance and removes a potential overhang for investors. Watch MSFT and ATVI for upside on legal clarity.

MSFT

Lottery.com

28.75%

Up sharply on high premarket volume after dropping in yesterdays trade following an earnings report which showed a decline in revenue though with a more narrow Net loss. Volatility driven in part due to the small 466k Share float

LTRY

Pepsico Inc.

+0.22%

PepsiCo (PEP) and Walmart (WMT) are in focus after the FTC dropped its price discrimination case accusing Pepsi of giving Walmart favorable pricing, a move Chairman Andrew Ferguson criticized as a “partisan stunt” by former FTC Chair Lina Khan. The case, filed days before Trump’s inauguration, had alleged Pepsi’s practices hurt smaller retailers and contributed to high consumer prices. Pepsi denied wrongdoing, reaffirming its commitment to fair pricing. With Ferguson pivoting the FTC’s focus under Trump, the dismissal removes a potential legal overhang and could provide a modest sentiment boost for both stocks.

PEP, KO, WMT

Deckers Outdoor Corp

-18.1%

Deckers, reported its fiscal 2025 fourth-quarter results after the market closed on Thursday. The company posted revenue of $1.02 billion, slightly above analyst expectations of $1.01 billion. Earnings came in at $1 per share, significantly beating the projected 59 cents per share. the parent company of UGG and HOKA, gave revenue guidance of $890 million to $910 million vs estimates of $925.86 million and an EPS guide which also missed heavily with $0.62 to 0.67 vs $0.81