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

0920 - Fed’s Bostic speaks
1005 - Fed’s Schmid speaks
1430 - Fed’s Logan speaks
1520 - Fed’s Bostic speaks

NVIDIA Corp, Microsoft Corp, and Amazon.com

-1.33%

The Wall Street Journal reported that Amazon, Microsoft, and AI startup Anthropic are backing the GAIN AI Act, legislation that would further restrict Nvidia’s ability to export advanced AI chips to China. The bill, part of the National Defense Authorization Act, would require chipmakers to prioritize U.S. orders before serving foreign customers. Microsoft has expressed public support for the measure, while Amazon has reportedly signaled its approval privately.

NVDA, MSFT, AMZN

Crypto Stocks

-3.47%

Trading sharply lower as a group amid continued weakness in Bitcoin, which is poised for its fourth straight losing session. The cryptocurrency broke below key support near $99,000 on Thursday and is trading below $96,000 on Friday morning. Separately, stablecoin issuer Circle after Baird upgraded the stock to Outperform with a $110 price target, noting its sharp underperformance ahead of its lock-up expiration and fading post-IPO enthusiasm.

COIN, MSTR, IBIT, ETHE, CLSK, MARA, RIOT, HUT, CRCL, BLSH, HOOD

Applied Materials Inc (AMAT)

-6.60%

Gapping down after its Q4 2025 earnings report. Adjusted earnings of $2.17 per share beat estimates of $2.10, while sales of $6.8 billion beat estimates of $2.10. The company guided adjusted earnings between $1.98 and $2.38 per share for Q1 2026, compared to estimates of $2.13. Applied Materials guided quarterly sales between $6.35 billion and $7.35 billion, compared to estimates of $6.76 billion.

Novo Nordisk A/S (NVO)

-1.73%

The company’s majority shareholder is set to solidify control by replacing key independent board members at Friday’s Extraordinary General Meeting, despite vocal discontent from major minority investors like NBIM and CalSTRS. The shakeup follows plunging shares and rising doubts about the company’s leadership in the weight-loss drug market, with long-time company veteran Lars Rebien Sørensen poised to take over as chair. The meeting is set to begin at 8:00 AM ET.

Alphabet Inc (GOOGL)

-2.80%

The company has proposed easing access to its advertising technology for publishers and advertisers, pushing back against EU regulators’ demand that it sell part of its ad business to resolve conflicts of interest. The move follows a €2.95 billion fine for favoring its own ad services, with the EU insisting on structural remedies. Separately, Google said it shut down the cybercriminal group behind the large-scale “Smishing Triad” SMS phishing operation just 24 hours after filing a lawsuit targeting the attackers’ Lighthouse phishing kit.

Apple Inc (AAPL)

-0.27%

Data from Counterpoint Research shows that the company’s iPhone sales in China jumped 22% year over year in the first month of the iPhone 17 launch. The new lineup accounted for nearly 80% of units sold, marking a strong rebound from last year’s post-iPhone 16 decline despite a broader 2.7% drop in China’s smartphone market. Separately, Apple and OpenAI failed to persuade a U.S. judge to dismiss X Corp’s lawsuit accusing them of conspiring to monopolize smartphone and generative AI markets, allowing the case to proceed without ruling on its merits.

Tesla Inc (TSLA)

-4.69%

Continuing to trade sharply lower premarket following an over-6% decline on Thursday. The stock’s recent weakness has been attributed in part to investor uncertainty surrounding CEO Elon Musk’s $1 trillion pay package, which was approved by Tesla shareholders last week.

Bristol-Myers Squibb Co (BMY)

-5.72%

Gapping down after the company, alongside Johnson & Johnson, announced that the Phase 3 Librexia ACS trial of milvexian is being halted. This update comes after an independent review indicated the drug is unlikely to achieve its main goal in treating acute coronary syndrome.

Warner Bros Discovery Inc (WBD)

+2.80%

Trading higher premarket after the Wall Street Journal reported that Paramount, Comcast, and Netflix are preparing initial nonbinding bids for the company ahead of a November 20 deadline. Warner Bros is reportedly aiming to wrap up the auction by year-end. Paramount is pursuing a full-company acquisition, while Comcast and Netflix are primarily targeting the Warner Bros. studio and Max streaming assets rather than the cable networks.

Nu Holdings Ltd (NU)

+1.35%

Trading marginally higher premarket after its Q3 2025 earnings report. Adjusted earnings of $0.17 per share and sales of $4.173 billion beat estimates of $0.16 and $3.805 billion, respectively.

Red Cat Holdings (RCAT)

-16.67%

Gapping down following its Q3 2025 earnings report. The company reported a wider-than-expected loss of $0.16 per share, with sales of $9.646 million falling short of the estimated $16.675 million. Red Cat cut its FY25 sales guide to $34.5 million-$37.5 million, missing estimates of $70.118 million. The company’s Q4 sales guide of $20 million-$23 million also fell short of the estimated $26.396 million.

Beyond Meat Inc (BYND)

-9.68%

Gapping down after setting the terms for how its new 2030 convertible notes can be turned into stock: each $1,000 note can convert into about 573 shares, implying a stock price of roughly $1.75 per share. This conversion rate was based on the company’s average trading price over a 20-day period, with one disrupted trading day excluded from the calculation. Roughly 17% of the stock’s float is sold short.

Invivyd Inc (IVVD)

+60.45%

Gapping up on no apparent news catalyst. The stock has a market capitalization of $412.63 million and a float of $186.52 million shares, approximately 12.93% of which are sold short.