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

1000 - JOLTS job openings for October: Expected 7.519M; Prior $7.443M
1215 - Fed’s Daly speaks
1235 - Fed’s Kugler speaks
1545 - Fed’s Goolsbee speaks

Super Micro Computer Inc (SMCI)

+4.43%

Trading sharply higher with volume premarket after gaining more than 30% on Monday. This rally began after the company announced the completion of an independent review, which found no evidence of misconduct by its management or board beyond some "modest lapses". JPMorgan analysts noted that the company’s new auditor, BDO, has yet to accept the findings, and that Super Micro still has to wait on Nasdaq's decision on its extension request to regain listing compliance.

Crypto Stocks

-2.24%

Trading lower as a group in tandem with Bitcoin, which is poised for its second straight red day. The cryptocurrency reached above $98,000 during Monday’s session before closing around $95,800, and is trading below $95,000 as of Tuesday morning. Separately, Cleanspark is gapping down after reporting adjusted losses of $0.69 per share and sales of $378.968 million for fiscal 2024, missing estimates of $0.62 and $397.318 million, respectively.

CLSK, IBIT, ETHE, MSTR, MARA, BITF, BTBT, BTDR, RIOT, HUT, COIN, IREN

Tesla Inc (TSLA)

-0.87%

On watch following the release of vehicle sales data in China for November 2024. According to the China Passenger Car Association (CPCA), the company sold 78,856 China-made vehicles during the month. This number marked a 15.49% increase from October, and a 4.34% decrease compared to November 2023.

Zscaler Inc (ZS)

-7.10%

Gapping down following its earnings report. The company posted adjusted earnings of $0.77 per share and sales of $628 million for Q1 2025, above estimates of $0.63 and $606.19 million, respectively. The lower end of its Q2 revenue and EPS guides missed estimates. Zscaler also raised its revenue and EPS forecasts for fiscal 2025, both of which now exceed analyst estimates.

United States Steel Corp (X)

-8.42%

Gapping down after President-elect Donald Trump reiterated his opposition to Nippon Steel’s proposed $14.1 billion acquisition of the company. Trump pledged to block the deal and strengthen U.S. Steel through tax incentives and tariffs. This acquisition has already faced resistance from unions and the current U.S. administration.

AT&T Inc (T)

+1.81%

Trading higher premarket with volume after updating its guidance for fiscal 2024. The company narrowed its adjusted EPS guidance for the year to $2.20-$2.25 from a previous range of $2.15-$2.25, exceeding analyst estimates of $2.10. Wireless services revenue is projected to grow by 3% for the year, while broadband is expected to grow by at least 7%. AT&T also announced its plans to achieve more than $18 billion in free cash flow by 2027.

Credo Technology Group Holding Ltd (CRDO)

+32.43%

Gapping up following its Q2 2025 earnings report, with adjusted earnings of $0.07 per share and sales of $72 million beating estimates of $0.05 and $66.789 million, respectively. The company guided Q3 revenue between $115 million and $125 million, well above the expected $86.042 million. B of A Securities upgraded the stock to a Buy rating following the report, and Barclays raised its price target for the stock to $80.

Shimmick Corp (SHIM)

+63.97%

Gapping up after announcing that it has secured a $45.4 million contract to perform seismic retrofitting and upgrades on the Murray Street Bridge at Santa Cruz Small Craft Harbor. The project aims to enhance the bridge's structural resilience and safety. The stock, which has rallied in the past, has a float of 2.83 million shares.

Cheetah Net Supply Chain Service Inc (CTNT)

+336.90%

Gapping up after signing definitive agreements to acquire TW & EW Services Inc for $200,000 in cash and $800,000 in common stock. The company has a market capitalization of $15.93 million and a float of 1.38 million shares, roughly 4.9% of which are sold short.

PSQ Holdings Inc (PSQH)

+99.51%

Gapping up after Bloomberg reported that Donald Trump Jr. is set to join the board of the company. PSQ, which owns online market PublicSquare, has a short float of 7.6% and a market capitalization of $118 million.