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

0830 - Initial jobless claims: Expected 220k; Prior 217k
0830 - Philly Fed business index for November: Expected 8; Prior 10.3
0845 - Fed’s Hammack speaks
1000 - Existing home sales for October: Expected 3.95M; Prior 3.84M
1000 - Existing home sales m/m for October: Expected 2.9%; Prior -1%
1225 - Fed’s Goolsbee speaks
1230 - Fed’s Hammack speaks

NVIDIA Corp (NVDA)

-0.62%

On watch following its earnings report for fiscal Q3 2025. Adjusted earnings of $0.81 per share beat estimates of $0.75, while sales of $35.1 billion beat estimates of $33.125 billion; however, revenue growth of 94% year-over-year was slower than recent quarters. The company guided Q4 revenue at $37.5 billion, plus or minus 2%, and emphasized ongoing demand for its Hopper chip as they prepare for Blackwell production shipments as early as Q4 2025.

Snowflake Inc (SNOW)

+21.64%

Gapping up after a stronger-than-expected Q3 2025 earnings report, with adjusted earnings of $0.20 per share and sales of $942.09 million beating estimates of $0.15 and $896.99 million, respectively. Revenue rose by 28% on a year-over-year basis, while product revenue jumped by 29% with a net revenue retention rate of 127% overall. The company guided a 23% year-over-year product revenue increase for Q4 and raised its product revenue guidance for the fiscal year.

Crypto Stocks

+8.73%

Trading sharply higher as a group as Bitcoin continues to make new highs, trading above $98,000 as of early Thursday morning. The cryptocurrency reached a high around $98,350 earlier in the morning. Ethereum is similarly strong, trading around the $3,300 level. On Wednesday afternoon, Bloomberg reported that the incoming Trump administration is considering creating a crypto-specific role for the first time ever.

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

Alphabet Inc (GOOGL)

-0.70%

Trading lower premarket after the U.S. Department of Justice proposed that Google divest its Chrome browser and share search data to dismantle its monopoly in online search, in addition to facing stricter regulations for up to a decade. These measures, which also include a possible sale of Android if necessary, aim to curb Google’s dominance in the U.S. search market. The company has argued that such steps would harm consumers and businesses.

Super Micro Computer Inc (SMCI)

+2.99%

Trading higher premarket after submitting its Nasdaq compliance plan. The company, which has delayed filing its reports for fiscal 2024 and Q1 2025, noted that it believes it can file the necessary reports to regain Nasdaq compliance within an extension period. Earlier this week, Super Micro announced that it has hired a new auditor after its previous auditor resigned due to concerns with the board’s transparency.

PDD Holdings and Baidu

-5.32%

Both Chinese ADRs are trading lower premarket following their earnings report. PDD is gapping down after reporting adjusted earnings of $2.65 per share and sales of $14.16 billion, below estimates of $2.82 and $14.47 billion, respectively. Meanwhile, Baidu reported adjusted earnings of $2.37, above estimates of $2.35, and sales of $4.78 billion, exceeding expectations of $4.69 billion.

PDD, BIDU

Palo Alto Networks Inc (PANW)

-2.64%

Trading lower premarket following its earnings report. The company posted adjusted earnings of $1.56 for Q1 2025, above estimates of $1.48, with sales of $2.14 billion also beating estimates of $2.12 billion. The lower end of Palo Alto’s EPS and revenue guides for Q2 and fiscal 2025 came in just below estimates, though the upper ranges exceeded estimates across the board. Rosenblatt upgraded its rating for the stock to Buy after the report.

BJ’s Wholesale Club Holdings Inc (BJ)

+6.77%

Trading sharply higher premarket following its earnings report, with adjusted earnings of $1.18 per share beating estimates of $0.91 and sales of $5.1 billion meeting estimates. The company guided adjusted earnings between $3.90 and $4.00 per share for fiscal 2024, compared to estimates of $3.84 and the company’s previous guide of $3.75-$4.00. BJ’s also raised their growth guidance for comparable club sales for the fiscal year.

SCWorx Corp (WORX)

+95.92%

Gapping up after the company announced that it has regained compliance with the Nasdaq’s periodic reporting rule. The stock has a market capitalization of $3.1 million and a float of 1.52 million shares.