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

Trump Media, Tesla, Phunware, and Rumble

+10.96

Trading sharply higher as a group after Donald Trump, former US President and the majority shareholder of Trump Media, was elected as President for a second non-consecutive term. Trump Media and Phunware are gapping up by more than 20% each, while Tesla is up more than 11% in sympathy due to CEO Elon Musk’s public support for Trump.

DJT, TSLA, PHUN, RUM

Super Micro Computer Inc (SMCI)

-17.47%

Gapping down after releasing preliminary Q1 2025 results and announcing its 10-K report is still delayed for fiscal 2024. The company, which could be delisted from the Nasdaq if the 10-K is not filed by mid-November, reported preliminary Q1 2025 net sales between $5.9 billion and $6 billion compared to estimates of $6.45 billion. For Q2 2025, the company guided revenue of $5.5 billion-$6.1 billion versus estimates of $6.86 billion.

Crypto Stocks

+11.19%

Trading sharply higher as a group in sympathy with Bitcoin, which has made new all-time highs above $75,000. The election of Donald Trump as the 47th President of the United States is seen as bullish for the crypto space due to Trump’s vocal support for the crypto space and crypto regulation. Bitcoin is trading above $74,700 as of Wednesday morning, while Ethereum is also gaining and has reclaimed the $2,600 level.

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

Solar Stocks

-13.44%

Gapping down following the presidential election due to concerns that a second term for incumbent President Donald Trump could endanger the Inflation Reduction Act (IRA). This act has been a major driver of clean energy investment through tax incentives. Trump's platform includes plans to dismantle the IRA, though the IRA’s future also hinges on whether Republicans gain control of Congress.

FSLR, ENPH, SEDG, NOVA, RUN

CVS Health Corp (CVS)

+7.52%

Trading sharply higher premarket following its Q3 2024 earnings report, the first under new CEO David Joyner. Earnings of $1.09 per share missed estimates of $1.51, while revenue of $95.43 billion exceeded expectations of $92.75 billion. Net income for the quarter came in at $0.07 per share, down from $1.75 for Q3 2023. The company declined to issue forward guidance, citing pressures from increased medical costs.

Banking Stocks

+6.32%

Trading higher as a group in sympathy with the election of Republican candidate Donald Trump as the President of the United States. The often-deregulatory position of the Republican party means that the banking space is likely to benefit under this administration, according to a recent TD Cowen analyst note. TD Cowen specified that banks in the trading space are especially likely to benefit after a Trump victory.

JPM, WFC, GS, MS, SCHW, C

Chinese EVs

-6.87%

Trading lower as a group after Donald Trump, who has been vocal about his support for tariffs on international-made vehicles, was elected as the President of the United States. Chinese EVs were recently hit with tariffs of up to 45.3% in the European Union; China filed a complaint over the EU tariffs with the World Trade Organization on Tuesday.

NIO, XPEV, ZK, LI

Novo Nordisk A/S (NVO)

-1.73%

The company’s US-listed shares are on watch following its earnings report. Revenue was reported at 71.3 billion Danish kroner, up 21% year-over-year but below estimates of 72.3 billion Danish kroner. Sales for Wegovy, the company’s popular weight loss drug, grew by 48% quarter-over-quarter and 76% year-over-year, above estimates. Novo Nordisk revised its 2024 sales growth outlook from 22%-28% to 23%-27%.

Celsius Holdings Inc (CELH)

-7.34%

Trading sharply lower premarket after its earnings report. The company reported no earnings or losses per share, below estimates of $0.02, while revenue of $265.75 million missed estimates of $267.55 million and represented a 31% year-over-year decline. Adjusted EBITDA dropped 96% year-over-year, net income dropped 92%, and North American revenue slid by 33%, though international revenue grew by 37%.

American Rebel and DatChat

+65.71%

Both stocks are trading higher premarket after receiving increased attention from retail investors following the US Presidential election; both companies are being viewed as sympathy plays in the aftermath of Donald Trump’s victory. American Rebel has a market capitalization of $3.08 million and a float of 1.07 million shares, while DatChat has a market cap of $5.51 million and a float of 2.73 million shares.

AREB. DATS