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

0815 - ADP employment change for April: Expected -$66B; Prior -$140.5B
0930 - Fed’s Musalem speaks
1300 - Fed’s Goolsbee speaks
1330 - Fed’s Hammack speaks

Oil and Energy Stocks

-8.05%

Trading sharply lower as a group after Axios reported that the US and Iran are close to a one-page, 14-point framework to end the war, which would trigger a 30-day negotiation period to finalize a broader agreement. The draft includes a pause on Iran’s nuclear enrichment, phased sanctions relief, release of frozen funds, and easing restrictions in the Strait of Hormuz. A final deal has yet to be reached. On Wednesday morning, US President Donald Trump said that Operation Epic Fury and the US blockade on the Strait of Hormuz will end should Iran “give what has been agreed to”.

USO, OXY, CVX, XOM, BATL, EONR, RE

Advanced Micro Devices Inc (AMD)

+19.91%

Gapping up after its Q1 2026 earnings report, with revenue of $10.25 billion and adjusted earnings of $1.37 per share beating estimates of $9.89 billion and $1.28, respectively. Overall revenue grew by 38% year-over-year, while data center revenue expanded by 57% to $5.8 billion. Adjusted gross margin came in at 55%, narrowly missing estimates of 55.06%. The company guided $11.2 billion in Q2 2026 revenue, plus or minus $300 million, which implies 46% year-over-year growth; analysts were looking for $10.52 billion.

Corning Inc (GLW)

+15.78%

Gapping up after announcing a multiyear partnership with Nvidia to expand US-based optical connectivity manufacturing for AI data centers. Corning plans to increase optical connectivity capacity by 10x, boost fiber capacity by over 50%, and build three new plants in North Carolina and Texas, creating more than 3,000 jobs. Nvidia is also trading higher premarket following the announcement.

Alphabet Inc (GOOGL)

+2.32%

Trading higher premarket after The Information reported that Anthropic has committed to spend $200 billion with Google Cloud over five years, representing more than 40% of Google’s disclosed revenue backlog. Deals involving Anthropic and OpenAI now make up over half of the roughly $2 trillion backlog across major cloud providers, underscoring massive AI-driven demand.

Super Micro Computer Inc (SMCI)

+14.66%

The company reported Q3 2026 revenue at $10.2 billion, missing estimates of $12.39 billion but representing 123% year-over-year growth. Adjusted earnings were reported at $0.84 per share, beating estimates of $0.62. Net income came in at $483 million, up 344% year-over-year. The company’s FY 2026 revenue outlook of $38.9 billion-$40.4 billion missed estimates of $41.466 billion. For Q4 2026, Super Micro projected revenue of $11 billion-$12.5 billion and adjusted EPS of $0.65-$0.79, compared to estimates of $11.312 billion and $0.56, respectively.

Uber Technologies Inc (UBER)

+14.66%

Gapping up after its Q1 2026 earnings report. Revenue grew by 14% year-over-year to $13.2 billion, narrowly missing estimates of $13.31 billion, while adjusted earnings of $0.72 per share beat estimates of $0.70. Gross bookings grew by 25% year-over-year to $53.7 billion, and trips grew by 20% year-over-year to 3.6 billion. The company projected gross bookings between $56.25 billion and $57.75 billion for Q2 2026, compared to estimates of $56.9 billion.

Meta Platforms Inc (META)

+0.27%

On watch after the Financial Times reported that the company is developing a highly personalized AI assistant, powered by its Muse Spark model, to handle everyday tasks for users as it ramps up agentic AI efforts. The tool, which is currently in internal testing, is aimed at creating an OpenClaw-like experience. The Information later reported that the company is working on a consumer AI agent, internally called “Hatch”, that is modelled after OpenClaw.

The Walt Disney Company (DIS)

+4.40%

Trading sharply higher premarket following its Q2 2026 earnings report, the company’s first under new CEO Josh D’Amaro. Disney reported $25.17 billion in revenue alongside adjusted earnings of $1.57 per share, beating estimates of $24.87 billion and $1.51, respectively. Entertainment revenue grew by 9.7% year-over-year, Sports revenue grew by 1.7%, and experiences revenue improved by 6.7%. Net income attributable to the company declined by 31.4% year-over-year to $2.25 billion.

Novo Nordisk A/S (NVO)

+4.40%

The company posted $15.2 billion in net sales for Q1 2026, beating estimates of $11.2 billion, with gross margin of 85.9% outpacing expectations of 81.3%. Ozempic revenue of $4.4 billion beat estimates of $4.1 billion, and sales of the Wegovy pill came in at a better-than-expected $354 million. Novo Nordisk now expects FY 2026 sales to decline by 4% to 12% year-over-year, slightly better than its prior guidance, which implied that sales would decline by 5% to 13%.

Lumentum Holdings Inc (LITE)

-0.21%

The company’s Q3 2026 revenue grew by 90% year-over-year to $808 million, compared to estimates of $809 million, with earnings of $2.37 per share beating estimates of $2.27. Gross margin came in at 47.9%, compared to 45.2% in the prior-year quarter. Lumentum projected revenue of $960 million in Q4 2026, beating estimates of $936 million and implying 100% year-over-year growth.

Tempus AI Inc (TEM)

-4.31%

Trading sharply lower premarket following its Q1 2026 earnings report. Revenue came in at $348.1 million, representing 36% year-over-year growth, while losses of $0.71 per share missed estimates of a $0.10-per-share loss. Diagnostics and Data & Applications revenue grew by 34.7% and 40.5%, respectively, on a year-over-year basis. The company projected FY 2026 revenue between $1.59 billion and $1.6 billion, compared to estimates of $1.592 billion.

Arista Networks Inc (ANET)

-9.53%

Gapping down after its Q1 2026 earnings report. Revenue of $2.709 billion beat estimates of $2.61 billion and represented year-over-year growth of 35.1%, while adjusted EPS of $0.87 beat estimates of $0.81. The company projected Q2 2026 revenue of approximately $2.8 billion, above estimates of $2.78 billion,. Arista guided adjusted earnings of $0.88 per share for the quarter, beating estimates of $0.86.

Upstart Holdings Inc (UPST)

-4.72%

Trading sharply lower after its Q1 2026 earnings report, with losses of $0.03 per share sharply missing estimates of a $0.39-per-share profit. Quarterly revenue of $308 million beat estimates of $302.73 million and represented 44% year-over-year growth. Originations grew by 61% year-over-year to $3.4 billion, while loans originated gr3ew by 77% and contribution profit grew by 34%. Upstart projected $1.4 billion in revenue for FY 2026, below estimates of $1.413 billion.

Astera Labs Inc (ALAB)

+8.52%

Gapping up after its Q1 2026 earnings report, with revenue of $308 million and earnings of $0.61 per share beating estimates of $292 million and $0.54, respectively. Gross margin came in at 76.4%, above estimates of 74%. The company projected Q2 2026 revenue between $355 million and $365 million, sharply outpacing estimates of $309 million and implying 85% to 90% year-over-year growth.

CVS Health Corp (CVS)

+5.40%

Trading sharply higher premarket after its Q1 2026 earnings report, with revenue of $100.4 billion and adjusted earnings of $2.57 per share beating estimates of $95.02 billion and $2.21, respectively. Adjusted operating income grew by 12.5% year-over-year to $5.15 billion. The company projected adjusted earnings between $7.30 and $7.50 per share for FY 2026, beating estimates of $7.16 and exceeding its prior outlook of $7.00-$7.20.

Oscar Health Inc (OSCR)

+10.14%

Gapping up after its Q1 2026 earnings report. Revenue of $4.65 billion missed estimates of $4.91 billion, though earnings of $2.,07 per share sharply outpaced estimates of $1.06. Total members were reported at 3.17 million. The company reaffirmed its previously-issued outlook for FY 2026.

Hut 8 Corp (HUT)

+31.66%

Gapping up after signing a 15-year, $9.8B lease for 352 MW of IT capacity at its Beacon Point AI data center campus in Texas. The deal increases its total contracted AI data center capacity to 597 MW, with initial delivery expected in Q3 2027.