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

0830 - Nonfarm payrolls for April: Expected 65k; Prior 178k
0830 - Unemployment rate for April: Expected 4.3%; Prior 4.3%
0830 - Average earnings y/y for April: Expected 3.8%; Prior 3.5%
1000 - UMich consumer sentiment for May: Expected 49.5; Prior 49.8
1000 - UMich 1-yr inflation expectations for May: Expected 4.8%; Prior 4.7%
1000 - UMich 5-yr inflation expectations for May: Expected 3.5%; Prior 3.5%
0730 - Feds Bowman, Daly, Goolsbee, and Waller speak

CoreWeave (CRWV)

-6.55%

Gapping down after its Q1 2026 earnings report. Revenue of $2.08 billion beat estimates of $1.97 billion, though losses of $1.40 per share were wider than estimates of a $0.91-per-share loss. Adjusted EBITDA came in at $1.16 billion, narrowly beating estimates of $1.15 billion. Management called Q1 2026 “the strongest bookings quarter in CoreWeave’s history”, highlighting nearly $100 billion in revenue backlog.

IREN Ltd (IREN)

+8.88%

Gapping up after the release of its Q3 2026 earnings report, alongside which the company announced a a strategic partnership with Nvidia. IREN has agreed to deploy up to 5 gigawatts of Nvidia DSX-aligned AI infrastructure across its global data center network, with a major focus on IREN’s 2GW Sweetwater campus in Sweetwater. As part of the deal, Nvidia received a five-year option to buy up to 30 million IREN shares at $70 each—potentially investing $2.1 billion—as the companies work together to expand large-scale AI factory deployments. IREN posted quarterly revenue of $144.8 million, marking a sequential decline, with net losses widening on a quarter-over-quarter basis.

Coinbase Global (COIN)

-3.45%

Trading lower premarket after its Q1 2026 earnings report, during which the company posted an unexpected loss of $1.49 per share; revenue of $1.4 billion also fell short of an estimated $1.56 billion and represented a 21% sequential decline. Transaction revenue came in at $756 million, dropping by 23% quarter-over-quarter. The company’s market share in crypto trading volume hit a new all-time high of 8.6%, with derivatives trading volume growing by 169% year-over-year.

The Trade Desk Inc (TTD)

-12.73%

Gapping down after its Q1 2026 earnings report. Revenue grew by 12% year-over-year to $689 million, beating estimates of $679.5 million, though adjusted earnings of $0.28 fell short of the estimated $0.32. The company projected Q2 2026 revenue of at least $750 million, compared to estimates of $772.4 million, and expects quarterly adjusted EBITDA of roughly $260 million.

Tesla Inc (TSLA)

+1.02%

The company has become the first automaker to pass the U.S. government’s new Advanced Driver Assistance Systems (ADAS) benchmark, with the 2026 Tesla Model Y successfully completing all newly added NHTSA safety tests. Model Y vehicles built after Nov. 12, 2025, passed evaluations for pedestrian emergency braking, lane keeping, blind spot warning/intervention, and the agency’s original four ADAS safety requirements.

Monster Beverage Corp (MNST)

+9.07%

Gapping up after its Q1 2026 earnings report. Revenue grew by 27% year-over-year to $2.35 billion, while net income grew by 28.5% to $569.5 million. Energy drink case volume came in at 274.5 million, up 28.8% year-over-year. International sales comprised 45% of the company’s net sales. Gross margin dropped from 56.5% to 55% on a year-over-year basis, attributed in part to freight and aluminum cost increases.

Cloudflare Inc (NET)

-16.11%

Gapping down after its Q1 2026 earnings report, during which the company announced layoffs that will impact roughly 20% of its workforce. Revenue grew by 34% year-over-year to $639.8 million, beating estimates of $621.9 million, while adjusted earnings of $0.25 per share beat estimates of $0.23. Remaining performance obligations grew by 34% year-over-year. The company projected better-than-expected revenue and EPS for FY 2026, though its Q2 2026 projections for both metrics were in-line with estimates.

Block Inc (XYZ)

+6.84%

Gapping up after its Q1 2026 earnings report. Revenue of $6.06 billion missed estimates of $6.1 billion, while earnings of $0.85 per share sharply outpaced estimates of $0.68. The company projected earnings of $3.85 per share for FY 2026, above estimates of $3.65.

Rocket Lab Corp (RKLB)

+7.93%

Gapping up after its Q1 2026 earnings report, with revenue of $200.3 million beating estimates of $190 million and representing 63% year-over-year growth. Adjusted EBITDA losses came in at $11.8 million, a marked improvement from $29.1 million in Q1 2025. Adjusted gross margin grew sharply on a year-over-year basis from 33.4% to 43$. The company projected Q2 2026 revenue between $225 million and $235 million, above estimates of $205.6 million.

DraftKings Inc (DKNG)

+0.16%

On watch after its Q1 2026 earnings report, with revenue of $1.65 billion meeting estimates and adjusted earnings of $0.20 per share outpacing estimates of $0.03. Adjusted EBITDA grew by 64%A year-over-year to $167.9 million. The company projected FY 2026 revenue between $6.5 billion and $6.9 billion, compared to estimates of $6.83 billion.

Broadcom Inc (AVGO)

+1.64%

On watch after The Information reported that OpenAI and Broadcom are facing an $18 billion financing hurdle in their custom AI chip partnership. Broadcom reportedly wants Microsoft to commit to purchasing about 40% of the initial chip production. Microsoft has not yet agreed, creating uncertainty around OpenAI’s strategy to reduce its dependence on Nvidia AI chips.

Amazon.com Inc (AMZN)

+0.33%

Amazon Web Services reported an outage at a Northern Virginia data center zone caused by elevated temperatures and cooling system issues, which disrupted services for customers including Coinbase and potentially CME Group. AWS said recovery efforts were underway after bringing additional cooling capacity online. Coinbase confirmed its platform problems were directly tied to the AWS outage.

Opendoor Technologies Inc (OPEN)

+1.13%

The company posted revenue of $720 million for Q1 2026, representing a decline from $1.153 billion in the prior-year quarter. Gross margin improved from 8.6% to 10%. Homes sold and homes purchased declined by 34.7%, and 31%. respectively, on a year-over-year basis.

Wendy’s Co (WEN)

+4.34%

Trading higher premarket after its Q1 2026 earnings report. Global systemwide sales declined by 5.5% year-over-year to $3.2 billion, while international systemwide sales represented 6% year-over-year growth. The company reaffirmed its previously-stated outlook for FY 2026.

Akamai Technologies Inc (AKAM)

+25.06%

The company posted Q1 2026 revenue of $1.07 billion, meeting analyst estimates and representing 6% year-over-year growth. Adjusted earnings of $1.61 per share narrowly beat estimates of $1.60. Cloud infrastructure services revenue grew by 40% to $95 million, while security revenue grew by 11% to $590 million. Akamai projected in-line revenue and adjusted EPS for FY 2026.