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

0830 - Trade balance for March: Expected -$60.9B; Prior -$57.3B
0945 - S&P services PMI for April: Expected 51.3; Prior 51.3
0945 - S&P composite PMI for April: Expected 52; Prior 52
1000 - ISM services PMI for April: Expected 53.7; Prior 54
1000 - JOLTs job openings for March: Expected 6.85M; Prior 6.882M
1000 - Fed’s Bowman speaks
1230 - Fed’s Barr speaks

Palantir Technologies Inc (PLTR)

-2.62%

Trading lower premarket after its Q1 2026 earnings report. The company posted revenue of $1.63 billion and adjusted earnings of $0.33 per share, beating estimates of $1.54 billion and $0.28, respectively. Overall US revenue grew by 104% year-over-year to $1.28 billion, while US commercial revenue expanded by 133% to $595 million. Palantir projected Q2 revenue between $1.797 billion and $1.801 billion, beating estimates of $1.68 billion, and raised its FY 2026 revenue outlook to $7.65 billion-$7.662 billion, compared to estimates of $7.68 billion.

Intel Corp (INTC)

+3.78%

Bloomberg reported that Apple is holding early-stage talks with both Intel and Samsung Electronics to potentially manufacture chips for its devices in the US. The move comes as Apple explores alternatives to TSMC amid AI-driven supply constraints. Apple has yet to make a deal and reportedly remains cautious, given concerns that Intel and Samsung may not yet match TSMC’s scale and manufacturing consistency.

Pinterest Inc (PINS)

+16.12%

Gapping up after its Q1 2026 earnings report, with revenue of $1.008 billion and adjusted earnings of $0.27 per share beating estimates of $965.44 million and $0.23, respectively. Global monthly active users (MAUs) climbed by 11% year-over-year to 631 million, while adjusted EBITDA reached $207 million. The company projected Q2 2026 revenue between $1.133 billion and $1.153 billion, beating estimates of $1.12 billion and implying 14%-16% year-over-year growth.

PayPal Holdings Inc (PYPL)

+1.23%

The company posted adjusted earnings of $1.34 per share and net revenues of $8.4 billion for Q1 2026. GAAP operating income dropped by 3% year-over-year to $1.5 billion, while GAAP operating margin declined by 182 basis points to hit 17.8%. Total payment volume (TPV) was reported at $464 billion, representing 11% annual growth, with payment transactions growing by 7%.

Shopify Inc (SHOP)

-9.08%

Gapping down after its Q1 2026 earnings report. Revenue of $3.17 billion beat estimates of $3.09 billion, while earnings of $0.36 per share topped estimates of $0.33. Gross merchandise volume (GMV) came in at $100.7 billion, above estimates of $98.8 billion. The company expects Q2 2026 revenue to grow by 28% year-over-year, slightly better than analysts’ forecasts of 27% growth.

Memory Stocks

+2.55%

Trading higher as a group as traders continue to focus on memory demand and the role of memory in powering AI infrastructure. Micron, Sandisk, Western Digital, and Seagate are all poised to open at new all-time highs, and all four stocks are among the five best year-to-date performers in the Nasdaq-100 index.

MU, SNDK, WDC, STX

Crypto Stocks

+2.11%

Trading higher as a group in tandem with Bitcoin’s ascent. The cryptocurrency broke above the $81,000 level early Tuesday morning as traders continue to react to renewed optimism around the development of the CLARITY Act. Separately, Coinbase announced plans to reduce its workforce by roughly 14%, impacting ~700 jobs. The job cuts are part of the company’s restructuring efforts to cut costs and optimize for AI. Coinbase expects $50 million to $60 million in charges related to the layoffs, most of which it believes will be recorded in Q2 2026.

COIN, MSTR, MARA, RIOT, IBIT, ETHE, HUT, CLSK, IREN, CAN, HIVE

Oracle Corp and International Business Machines

+0.79%

Both stocks are trading marginally higher premarket after the companies expanded their 40-year partnership to develop new AI and hybrid cloud offerings for enterprise customers. They plan to roll out integrated tools in 2026 across Oracle Cloud, including support for Red Hat, along with ERP integration, asset management, data security, and AI agents.

ORCL, IBM

Fiserv Inc (FISV)

-7.02%

Gapping down after its Q1 2026 earnings report. Revenue declined by 2% year-over-year to $5.03 billion, with GAAP revenue in the Financial Solutions segment declining by 5%. GAAP earnings declined by 29% year-over-year to $1.07 per share. The company’s GAAP operating margin was reported at 18.3%, declining sharply from 27.2% in Q1 2025.

Meta Platforms Inc (META)

+0.35%

Bloomberg News and Reuters each reported that the company is working with Morgan Stanley and JPMorgan Chase on a roughly $13B financing package for a data center in El Paso, Texas. Most of the funding is expected to come from debt, with the remainder in equity.

Tesla Inc (TSLA)

+0.27%

Despite CEO Elon Musk’s confidence that the EU will approve its Full Self-Driving system, Reuters reported that European regulators have raised concerns about its safety and claims. The system has already been approved by the Dutch regulator RDW, which is now seeking broader EU authorization as Tesla looks to expand FSD and eventually deploy robotaxis in Europe.

Pfizer Inc (PFE)

+1.22%

Trading higher premarket after its Q1 2026 earnings report, with revenue of $14.5 billion and adjusted earnings of $0.75 per share beating estimates of $13.84 billion and $0.72, respectively. Revenue grew by 5% year-over-year, with Launched & Acquired Product Revenue growing by 22% on an operational basis. Pfizer projected adjusted earnings between $2.80 and $3.00 per share for FY 2026, compared to estimates of $2.96, and guided revenue of $59.5 billion-$62.5 billion for the same period.

Apple Inc (AAPL)

-0.27%

On watch after supply chain analyst Ming-Chi Kuo reported that OpenAI is accelerating development of its previously-reported AI agent smartphone. The company is now targeting mass production as early as the first half of 2027, potentially powered by a custom MediaTek Dimensity 9600 chip with dual NPUs. Kuo estimates shipments could scale to around 30 million units annually during 2027–2028, signaling a meaningful early push into AI-native hardware.

ON Semiconductor Corp (ON)

-4.45%

Gapping down after its Q1 2026 earnings report. Revenue of $1.513 billion beat estimates of $1.49 billion, while adjusted EPS of $0.64 beat estimates of $0.61. AI data center revenue grew by 30% on a sequentially basis and more than doubled on an annual basis. The company projected revenue between $1.535 billion and $1.635 billion for Q2 2026, compared to estimates of $1.53 billion. ON projected adjusted EPS between $0.65 and $0.77 for the same quarter, compared to estimates of $0.67.

Duolingo Inc (DUOL)

-3.02%

Trading lower premarket after its Q1 2026 earnings report. Revenue of $292 million and earnings of $0.89 per share beat estimates of $289 million and $0.75, respectively. Daily active users hit 56.5 million, representing 21% year-over-year growth, with paid subscribers also growing by 21%. The company projected revenue of $295.5 million, implying 17.1% year-over-year growth.

Cellectar Biosciences Inc (CLRB)

+63.07%

Gapping up after reporting updated Phase 2b trial results for iopofosine I 131 in Waldenström macroglobulinemia, showing an 83.6% overall response rate and 61.8% major response rate in heavily pretreated patients. Cellectar has a market capitalization of $12 million and a float of 3.98 million shares.