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

Crypto Stocks

+9.59%

Trading sharply higher as a group, mirroring recent strength in Bitcoin. The cryptocurrency made new all-time highs once again over the weekend, surpassing the $80,000 level for the first time. Bitcoin is trading above $82,000 as of Monday morning, while Ethereum is trading around $3,200.

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

Tesla and Trump Media

+7.89%

Continuing to trade higher as a pair following the election of Trump Media’s majority shareholder, Donald Trump, as President of the United States; Tesla CEO Elon Musk is a vocal supporter of Trump. Bloomberg reported that hedge funds that bet against Tesla suffered significant losses of $5.2 billion between election day and the following Friday due to the stock’s post-election rally, according to data from S3 Partners.

TSLA, DJT

Palantir Technologies Inc (PLTR)

+3.29%

Trading higher premarket after AI startup Anthropic announced that it has partnered with Palantir and Amazon Web Services to provide its Claude A.I. models to U.S. defense and intelligence agencies, focusing on data processing and decision-making tasks. This aligns with a broader trend of rising A.I. adoption in federal contracts, which surged by 150% between 2022 and 2023.

Amazon.com Inc (AMZN)

+0.94%

The company is developing smart eyeglasses for delivery drivers that provide turn-by-turn navigation on an embedded screen to streamline the final stretch of deliveries, as reported by Reuters. The glasses aim to save time by offering precise directions within buildings and around obstacles like gates or aggressive dogs, though the product is still in development and could face delays.

NVIDIA Corp (NVDA)

+0.70%

Trading marginally higher premarket as analysts raise their price targets for the stock ahead of its November 20 earnings report. Piper Sandler raised its price target for Nvidia from $140 to $175, citing its dominant position in AI accelerators and the upcoming Blackwell architecture launch. Morgan Stanley raised its price target from $150 to $160, expecting a strong quarterly report, though the analyst anticipates larger upward revisions later in the year due to supply constraints on Blackwell.

Super Micro Computer Inc (SMCI)

-4.69%

Trading sharply lower premarket after local media reported that the company halted factory construction in Malaysia, leading to a major order transfer to Taiwan's Wiwynn. Super Micro also faces delisting threats due to Ernst & Young's resignation amid accounting and export violation allegations, with bondholders potentially demanding early repayment of $1.725 billion if delisting occurs.

Chinese ADRs

+1.63%

Trading higher premarket following a mixed performance overseas, with the CSI 300 Index closing 0.6% higher on Monday while the Hang Seng Index fell by 1.45%. The drop in the Hang Seng was attributed to disappointment with a high-profile legislative meeting that failed to introduce a new stimulus to boost consumption and combat deflation, as expected. Additionally, JD.com and Bilibili are scheduled to report earnings before the bell on Thursday, and Alibaba is set to report before the bell on Friday.

BABA, JD, BILI, PDD, BIDU, LI, XPEV, ZK, NIO, KWEB, FXI

Taiwan Semiconductor Manufacturing Co (TSM)

-1.65%

Trading lower premarket after JW Kuo, Taiwan’s Minister of Economic Affairs, stated that Taiwan’s technology protection regulations prevent the company from producing advanced 2-nanometer chips overseas. Despite these restrictions, TSMC's $65 billion investment in U.S. semiconductor facilities continues unaffected and is set to focus on advanced but less sensitive chip technologies.

Heavily-Shorted Stocks

+5.82%

Several stocks with larger short floats - including SoFi, GameStop, and Hims & Hers Health - are trading higher with volume premarket. Both SoFi and Hims & Hers have short float percentages in the high teens, while more than 20% of the floats of BigBear.ai and SoundHound are sold short. SoFi has been on watch following the US election, with the victory of Republican candidate Donald Trump leading to uncertainty around student loan forgiveness.

SOFI, GME, HIMS, BBAI, PHUN, SOUN

Revelation Biosciences Inc (REVB)

+31.71%

Gapping up following its Q3 2024 earnings report. The company reported losses of $0.84 per share, narrower than the estimated loss of $2.84 per share. Revelation Biosciences has a market capitalization of $2.97 million and a float of 3.76 million shares.