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

1030 - Crude Oil Inventories: Prior 2.089M

NVDA Coproration (NVDA)

+0.69%

Trading higher premarket ahead of earnings after the bell. The options market predicts Nvidia's earnings will significantly impact the S&P 500, surpassing the influence of U.S. jobs data, inflation, or Federal Reserve meetings. Investors are focused not just on recent sales but also on the potential of Nvidia's next-generation Blackwell chips to maintain its dominance in the AI chip sector. CEO Jensen Huang recently called Blackwell demand “insane,” but concerns have emerged following reports of overheating issues in custom servers. These developments add uncertainty to Nvidia's performance and outlook despite a strong day up 4.9% yesterday

Target Corporation (TGT)

-17.7%

Shares of the retailer are down heavily as they missed Wall Street's expectations for quarterly earnings and revenue, with only a slight rise in customer traffic despite price cuts and early holiday sales. The retailer lowered its full-year profit guidance to $8.30–$8.90 per share, down from its earlier forecast of $9–$9.70, and below analysts' expectations. Fourth-quarter comparable sales are now expected to be flat, reflecting weaker momentum. Target's earnings per share missed estimates by 20%, marking its largest miss in two years and its first revenue shortfall since August 2023.

Nio Inc. (NIO)

-2.38%

NIO reported Q3 revenue of $2.66 billion, a 2.1% year-over-year decline but a 7% sequential increase, missing analyst estimates of $2.70 billion. Adjusted losses per ADS were $0.31, slightly better than expectations of a $0.32 loss. Vehicle deliveries rose 11.6% year-over-year to 61,855, though vehicle revenue fell 4.1% year-over-year. Gross margin improved to 10.7% from 8% a year earlier, driven by stronger vehicle margins. NIO ended the quarter with $6 billion in cash and equivalents.

Delta Air Lines (DAL)

-1.93%

Delta forecasts mid-single-digit revenue growth (~6%) for 2025, aligned with analyst expectations, and plans to expand capacity by 3%–4%. The airline expects adjusted earnings to grow 10% annually over the next 3–5 years, driven by resilient travel demand and strong consumer spending, particularly among high-income households and millennials. Premium seats and its American Express partnership now account for 57% of revenue, reflecting a shift away from main cabin sales. Delta shares are up 60% YTD, trailing United Airlines (+128%) but outperforming the broader market. Executives face questions on cost control and avoiding operational disruptions after last year’s outage.

Bitcoin (BTC)

+1.25%

Bitcoin surged to a record high of $94,078, settling at $92,104, driven by reports of Trump Media’s potential acquisition of crypto trading firm Bakkt and the launch of options trading for BlackRock’s Bitcoin ETF on Nasdaq. The cryptocurrency has more than doubled this year, fueled by optimism for a pro-crypto stance under a potential Trump administration and expectations of looser regulations. The global crypto market cap also hit a record $3 trillion. Analysts point to strong buying pressure and expect further momentum as Bitcoin continues to rally.

Apple Inc. (AAPL)

-0.01%

Apple experienced a double-digit decline in smartphone sales during China’s Singles' Day shopping festival compared to last year, due to competition from numerous flagship launches by Chinese rivals, Counterpoint Research reported. Huawei, benefiting from price cuts on its Mate 60 and Pura 70 models, saw a 7% sales increase, while Xiaomi's sales dropped 6%. Counterpoint highlighted that all major Chinese brands, except Huawei last year, introduced new devices before the event, impacting Apple's performance. Overall smartphone sales during the festival reflected the competitive dynamics in China's market.

Comcast Corp. (CMCSA)

+2.48%

Comcast is moving forward with the tax-free spinoff of its cable networks, including CNBC, MSNBC, and E!, creating a separate entity led by NBCUniversal’s Mark Lazarus and Anand Kini. The move, expected to finalize within a year, offers flexibility for mergers or private equity deals as Comcast focuses on streaming via Peacock amid cord-cutting trends. NBCUniversal’s broadcast network and Peacock will remain with Comcast. Despite challenges, traditional TV remains lucrative, with Comcast’s media segment revenue up 37% in Q3, driven by the Olympics. Shares rose 2% in after-hours trading on the announcement.

QuantumSi (QSI)

+118.01%

Quantum-Si has partnered with Avantor, a global leader in life sciences and advanced technology. Under this agreement, Avantor will distribute Quantum-Si's Next-Generation Protein Sequencing (NGPS) products in the U.S. and Canada. This collaboration aims to simplify access for researchers across various markets to Quantum-Si's innovative proteomics solutions, enhancing advancements in the field.