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

0830 - Advance Report on Durable Goods: Expected -7.8%; Prior +9.2%
0900 - S&P CoreLogic Case-Shiller Indices: Prior: 0.41%

1000 - Consumer Confidence Index: Forecast: 86; Prior 86.
1000 - Texas Manufacturing Outlook Survey: Forecast: -26.1; Prior -35.8

Big Tech

+2.00%

President Trump has extended the EU tariff deadline to July 9, delaying a proposed 50% tariff that was set to begin June 1. The move followed a call with EU Commission President Ursula von der Leyen, who said Europe is ready to push for a deal. Trump previously reduced tariffs from 20% to 10% for 90 days but ramped up pressure last week, calling the EU “difficult” and vowing to play the game “his way.” With no deal expected before July, traders should stay alert for headline risk impacting EU-exposed sectors like autos, luxury goods, and industrials, while also watching for currency pressure on the euro and broader inflation implications if tariffs go into effect.

Tesla Inc.

+2.35%

Tesla’s European sales plunged 49% YoY in April, even as the overall EV market grew, highlighting growing brand damage and competitive headwinds. The decline comes amid reputational fallout tied to Elon Musk’s political ties to Trump, aging product offerings, and rising competition from both legacy automakers and Chinese rivals like BYD, which outsold Tesla in Europe last week. Meanwhile, hybrid vehicles — which Tesla doesn’t produce — now account for 35%+ of the EU car market, further eroding Tesla’s edge. With Musk still splitting focus on government roles, traders should watch TSLA for continued underperformance, especially as hybrid makers and diversified automakers gain favor in Europe.

TSLA

Nvidia Corp.

+2.58%

Nvidia will launch a lower-spec, lower-cost AI chip for China in June, priced at $6,500–$8,000, to replace the now-banned H20 model and stay compliant with U.S. export controls. The chip uses older tech like GDDR7 memory and skips advanced TSMC packaging, keeping bandwidth just under the 1.8 TB/s limit. Nvidia’s China market share has dropped to 50%, with rivals like Huawei rapidly gaining ground. Despite the performance downgrade, Nvidia is leaning on its CUDA ecosystem to stay competitive. Traders should watch NVDA for margin compression, geopolitical risk, and possible stabilization from this workaround, as well as Huawei’s continued rise in China's AI race.

NVDA, AMD, AVGO, INTC, TSM

PDD Holdings Inc.

-17.02%

PDD Holdings missed big in Q1, with revenue up just 10% YoY to $13.31B and net profit down 47%, both sharply below estimates, marking its slowest growth in years. Rising tariff pressures, increased merchant support costs, and the loss of U.S. duty exemptions have forced PDD to raise prices on Temu, hitting its appeal to cost-conscious U.S. shoppers. The results signal a major setback in Temu’s global expansion and raise red flags for traders watching margin compression, regulatory risk, and U.S.-China trade fallout impacting Chinese e-commerce plays like PDD.

PDD, BABA, JD

Chinese EVs

-3.30%

Chinese EV stocks are sliding for a second straight day as BYD’s aggressive price cuts and fresh regulatory scrutiny rattle investor sentiment. BYD is down another 4% after a 9% drop Monday, with Geely, Li Auto, and Xpeng also trading lower. The company slashed prices on 22 models, including cuts of up to 34%, sparking concerns over margin compression amid a potential prolonged price war. Meanwhile, China's commerce ministry is investigating sales practices tied to “zero-mileage” vehicles. While foot traffic spiked at BYD dealerships post-discount, analysts warn sector profitability will stay strained even if volumes hold. Traders should watch for continued volatility in Chinese autos as pricing pressure battles sales momentum.

XPEV, LI, NIO, ZK, BYDDY

Bitcoin

+0.35%

Bitcoin is flashing a major bullish signal with a golden cross — the 50-day MA crossing above the 200-day — as it trades around $110K and posts strong momentum indicators (MACD +3,824, RSI 67.83). Adding fuel, Strategy Inc (MSTR) just bought 4,020 BTC for $427M, bringing its total to 580,250 coins at an average of $69,979, reinforcing long-term institutional confidence. With BTC up 60% YTD and 17% in the past month, the setup favors upside continuation. Traders should watch crypto stocks like MSTR, COIN, MARA, and RIOT as the rally gains traction with both technical strength and heavyweight backing.

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

Uranium Stocks

+8.22%

The U.S. is targeting a 4x increase in nuclear capacity by 2050, from ~100 GW to 400 GW, triggering a massive surge in domestic uranium demand from 47M to 190M lbs/year. The DOE plans 5 GW in plant upgrades, 10 new reactors by 2030, and a restart of shuttered facilities, while new federal directives invoke the Defense Production Act to rebuild the uranium fuel supply chain. Uranium Energy Corp (UEC) is seen as a key beneficiary, positioned as America’s largest uranium producer with strong infrastructure. Traders should watch UEC and U.S.-based uranium names for upside on policy momentum, nuclear expansion, and energy security plays.

CCJ, UEC, URA, UROY, UUUU, SMR, CEG

Sharplink Gaming Inc.

+70.99%

SharpLink Gaming (SBET) surged 62.8% to $6.12 this morning with no fresh news, fueled by massive volume (8.26M vs 131K avg) and a potential short squeeze, given its 71.55% short interest. The move follows momentum from Tuesday’s public offering announcement, where the company priced up to 1.53M shares at $2.94 to raise $4.5M for working capital. Despite dilution risk, traders piled in, driving the stock sharply higher. SBET is now a momentum and squeeze candidate, but carries elevated volatility, making it a key watch for active traders looking to capitalize on short-term moves.

SBET