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

0830 - PPI y/y for October: Expected 2.3% Prior 1.8%
0830 - PPI m/m for October: Expected 0.2% Prior 0%
0830 - Core PPI y/y for October: Expected 3% Prior 2.8%
0830 - Core PPI m/m for October: Expected 0.2% Prior 0.2%
0830 - Initial jobless claims: Expected 220k; Prior 221k
0900 - Fed’s Barkin speaks
1500 - Fed Chair Jerome Powell speaks

The Walt Disney Company (DIS)

+7.02%

Gapping up after its earnings report for fiscal Q4 2024, with adjusted earnings of $1.14 per share and sales of $22.574 billion beating estimates of $1.10 and $23.348 billion, respectively. The company reported a 4% quarter-over-quarter increase in Disney+ core paid subscribers, and CEO Bob Iger said the quarter was one of Disney’s best from a film production and streaming profitability standpoint. Disney guided high-single-digit adjusted EPS growth for fiscal 2025 and expects the metric to grow in double digits by fiscal 2026.

Super Micro Computer Inc (SMCI)

-11.91%

Gapping down as market participants continue to react to the company’s financial woes, including the resignation of its auditor and its inability to file its 10-K for fiscal 2024. On Wednesday morning, Super Micro officially said that it would be unable to file its earnings report for fiscal Q1 2025; this update follows a disappointing preliminary quarterly report the week prior.

NVIDIA Corp (NVDA)

+0.73%

Trading marginally higher premarket after Oppenheimer and HSBC Securities raised their price targets for the stock ahead of its Q3 earnings report on Wednesday, November 20. Oppenheimer hiked Nvidia’s price target from $150 to $175, citing strong Q3 and Q4 prospects driven by sustained demand for AI accelerators and anticipating significant growth in Blackwell GPUs next year. HSBC raised its price target for the stock from $145 to $200 while maintaining a Buy rating.

Crypto Stocks

+3.02%

Trading higher as a group amid continued strength in the crypto space following the 2024 Presidential election. Bitcoin reached another new all-time high around $93,500 on Wednesday, and is trading just below $91,500 as of Thursday morning. Ethereum is slightly up on the day, continuing to trade near the $3200 level.

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

Advanced Micro Devices Inc (AMD)

+1.01%

Trading higher premarket after Reuters reported that the company is laying off about 1,000 employees, or 4% of its workforce. The layoffs reportedly come as part of a strategic effort to focus on high-growth areas like AI chip development to compete with Nvidia in the data center market. The company's data center segment saw over a twofold revenue increase in the September quarter, reflecting strong demand for its AI-focused products.

Bilibili and JD.Com

-2.53%

US-listed shares of both companies are trading lower after reporting Q3 2024 earnings. Bilibili reported adjusted earnings of $0.08 per share, below estimates of $0.10, and sales of $1.04 billion, beating estimates of $1.01 billion; the company also announced a $200 million buyback program set to take place within the next two years. JD, meanwhile, reported earnings of $1.24 per share and sales of $37.1 billion, above estimates of $.109 and $36.54 billion, respectively.

BILI, JD

Tapestry Inc (TPR)

+6.32%

Trading sharply higher premarket after announcing that it is terminating its planned merger with Capri Holdings. The announcement follows a US court decision in late October blocking the merger, precipitated by a complaint from the FTC alleging that the merger would be anti-competitive. Tapestry also announced an additional $2 billion buyback program. Capri (CPR) is trading sharply lower on the news.

Nu Holdings Ltd (NU)

-6.52%

Trading lower with volume premarket following its earnings report. The company reported earnings of 11.32 cents per share, narrowly beating estimates of 11 cents per share, and sales of $2.04 billion, exceeding expectations of $2.85 billion. Global customers increased by 23% year-over-year. Susquehanna raised its price target for the stock from $16 to $18 following the report, maintaining a Positive rating.

Nuclear Stocks

+3.37%

The group is trading higher premarket and has seen increased retail attention over the last few months as Amazon, Alphabet, and Microsoft have announced investments in the nuclear space. Nano Nuclear (NNE) has a 16.5% short float, while NuScale Power (SMR) and Oklo have short floats of greater than 20%. Oklo is on watch ahead of its earnings report after the bell; analysts are expecting losses of $0.08 per share.

NNE, SMR, OKLO

BTC Digital Ltd (BTCT)

+42.79%

Gapping up after trading sharply higher on Tuesday and Wednesday without any specific news catalyst. The tech company, whose home listing is in China, has a market capitalization of $65.4 million and a float of 2.56 million shares.