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

1030 - Fed’s Kashkari speaks
1215 - Fed’s Musalem speaks
1220 - Fed’s Hammack speaks

The Walt Disney Company (DIS)

-3.15%

Trading lower premarket following its Q4 2025 earnings report. Adjusted earnings of $1.11 per share beat estimates of $1.04, but sales of $22.464 billion missed estimates of $22.749 billion. Entertainment revenue declined by 6% year-over-year, while Experiences revenue grew by 6%.. The company guided adjusted EPS growth in the double digits for FY26, announced a $7 billion share buyback target for the same period, and declared a $1.50-per-share cash dividend.

Cisco Systems Inc (CSCO)

+7.13%

Gapping up after its Q1 2026 earnings report, with adjusted earnings of $1.00 per share and sales of $14.883 billion beating estimates of $0.98 and $14.766 billion, respectively. For Q2, the company guided adjusted earnings between $1.01 and $1.03 per share and sales between $15 billion and $15.2 billion, exceeding analyst estimates with both metrics. Cisco also raised its sales and EPS guidance for the fiscal year.

Memory Chip Stocks

-2.05%

Trading lower as a group after Japanese flash memory company Kioxia reported disappointing earnings H1 FY25. The company reported a 13% year-over-year decline in revenue and a 55% drop in operating profit, with rising NAND shipments failing to offset falling prices and margins dropping to 19%. Kioxia guided record sales and improved profit for Q3, though its nine-month outlook was viewed as cautious.

SNDK, MU, STX, WDC

Nike Inc (NKE)

+2.65%

Wells Fargo upgraded the stock from Equal-Weight to Overweight and hiked its price target from $60 to $75. citing improving visibility into the company’s turnaround and compelling upside scenarios. The firm sees Nike exiting FY26 with 3–4% revenue growth and 200bps gross margin expansion, driven by stabilization in its Classics segment, strong growth in non-Classics footwear and apparel, and margin recovery from improved pricing and reduced liquidations.

Alphabet Inc (GOOGL)

-0.52%

The EU has launched an antitrust investigation into the company’s spam policy after publishers complained it unfairly reduced their revenues by demoting their content in search results. Regulators are examining whether Google’s “site reputation abuse” policy, aimed at curbing manipulative SEO practices, is instead harming legitimate news and media outlets. The probe was initially reported on Wednesday.

Alibaba Group Holding Ltd (BABA)

+4.33%

Bloomberg reported that the company is overhauling its main mobile AI app, rebranding its Tongyi apps as Qwen and adding agent-style tools to assist users across Taobao and other services. With over 100 developers on the project, Alibaba aims to evolve Qwen into a full AI agent, launch an international version, and build a new consumer-facing AI revenue stream to rival ByteDance and Tencent.

Meta Platforms Inc (META)

+0.50%

Trading marginally higher premarket after being added to Wedbush’s “Best Ideas” list. As of mid-September 2025, other stocks on the list included Apple, Microsoft, Amazon, Tesla, and Roblox.

NVIDIA Corp (NVDA)

-0.70%

The company is overhauling its AI server supply chain for the Vera Rubin generation in 2H26, as per supply chain sources cited by DIGITIMES Asia. Nvidia is moving towards a unified model where Wistron, Quanta, and Foxconn build systems up to L10. This shift from the prior split-vendor approach will reduce variation across racks by standardizing components and processes. Separately, the Wall Street Journal A reported that about 2,300 Nvidia Blackwell chips ended up in an Indonesian data center for use by a Shanghai AI startup, despite US export restrictions.

JD.Com and Bilibili

+1.45%

Both companies reported Q3 2025 earnings on Thursday morning. JD reported adjusted earnings of $0.52 per American depository share, above estimates of $0.34. Quarterly sales of $42.009 billion similarly beat estimates of $41.33 billion and represented 14.9% year-over-year growth. Bilibili posted adjusted earnings of $0.25 per share and sales of $1.08 billion beating estimates of $0.12 and $1.07 billion, respectively.

JD, BILI

Apple Inc (AAPL)

+0.08%

Bloomberg reported that the company has reached an agreement with Tencent which would allow Apple to handle payments and take a 15% commission on purchases made within WeChat mini games and apps, ending more than a year of negotiations over payment loopholes. The deal opens a new revenue stream for Apple in China’s massive mobile ecosystem and sets a precedent for fairer revenue-sharing terms with local developers.

Canadian Solar Inc (CSIQ)

+12.26%

Gapping up following a mixed Q3 2025 earnings report. Sales of $1.487 billion beat estimates of $1.366 billion, though adjusted losses of $0.58 per share missed estimates of a $0.53-per-share loss. The company guided Q4 sales between $1.3 billion and $1.5 billion, below estimates of $1.599 billion. Approximately 22.9% of the stock’s float is sold short.

Rigetti Computing Inc (RGTI)

-3.46%

Trading sharply lower premarket following a nearly-10% decline on Wednesday. Both B. Riley Securities and Benchmark cut their price targets on the stock on Wednesday morning. Rigetti reported mixed Q3 2025 earnings after the bell on Monday.

Novo Nordisk A/S (NVO)

-2.53%

Bloomberg reported that the company is issuing about €3.5 billion in euro bonds to help fund its up-to-$5.2 billion acquisition of Akero, expanding its push into obesity-related liver disease treatments. The bonds, spanning 2 to 20 years, are priced between 45 bps and 155 bps over benchmarks. This reported issuance marks another major M&A-driven debt sale in Europe following L’Oréal’s €3 billion offering.

Bitfarms and Bitdeer

-10.32%

Both of these crypto stocks are gapping down with individual catalysts. Bitfarms reported a larger-than-expected loss per share for Q3 2025, with quarterly revenue of $69.245 million falling short of the estimated $79.999 million. Bitdeer, meanwhile, announced a $400 million private placement. Bitfarms has a short float of approximately 16.8%, while Bitdeer’s short float is just over 27%.

BITF, BTDR

Nuvve Holding Corp (NVVE)

+222.05%

Gapping up after its Japan subsidiary signed an aggregation agreement for a 1,999 kW / 8,170 MWh storage battery project in Niigata Prefecture, set to begin operations in 1H26. Under the deal, Nuvve Japan will manage market operations and participate in Japan’s power markets to generate client revenue and support grid stability.