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

1000 - UMich consumer sentiment for November: Expected 53; Prior 53.6
1000 - UMich 5yr inflation for November: Expected 3.8%; Prior 3.9%
1000 - UMich 1yr inflation for November: Expected 4.6%; Prior 4.6%
1100 - NY Fed inflation expectations
1500 - Consumer credit change for September: Expected 10.23B; Prior $0.36B
1500 - Fed’s Miran speaks

Tesla Inc (TSLA)

+0.17%

The company’s shareholders approved CEO Elon Musk’s record-breaking compensation plan, valued at up to $1 trillion in stock over the next decade, with more than 75% support. Additionally, Musk said he expects Tesla’s Full Self-Driving software to receive full regulatory approval in China early next year. Musk also noted that Tesla would like to hike vehicle production by roughly 50% by the end of 2026.

Opendoor Technologies (OPEN)

-25.30%

Gapping down after its Q3 2025 earnings report. Adjusted losses of $0.08 per share narrowly missed estimates of a $0.07-per-share loss, while sales of $915 million beat estimates of $849.588 million. The company guided $594.75 million in Q4 sales, above estimates of $477.87 million.

Intel Corp (INTC)

+1.45%

Trading higher premarket after Elon Musk mentioned that Tesla may need to build a “gigantic chip fab” for AI chips, adding that he is open to discussions with Intel about a potential collaboration. Intel, which recently saw the U.S. government take a 10% stake, is seeking external customers for its advanced manufacturing technology as it struggles to catch up with Nvidia in AI semiconductors.

Affirm Holdings Inc (AFRM)

+10.07%

Gapping up after its Q1 2026 earnings report, with earnings of $0.23 per share and sales of $933.337 million beating estimates of $0.11 and $883.144 million, respectively. The company guided Q2 sales between $1.03 billion and $1.06 billion, compared to estimates of $1.053 billion. Affirm raised its sales guidance for FY26 to $3.99 billion, in-line with estimates of $3.995 billion.

DraftKings Inc (DKNG)

-5.68%

Trading sharply lower premarket following its Q3 2025 earnings report. The company reported sales of $1.144 billion, below estimates of $1.216 billion, and posted adjusted losses of $0.26 per share. DraftKings lowered its sales guide for fiscal 2025 to $5.9 billion-$6.1 billion, below estimates of $6.214 billion.

Block Inc (XYZ)

-14.00%

Gapping down after its Q3 2025 earnings report, with earnings of $0.54 per share and sales of $6.114 billion missing estimates of $0.67 and $6.321 billion, respectively. Bitcoin revenue was reported at $1.97 billion, below estimates of $2.28 billion. The company guided adjusted operating income of $2.06 billion, above its prior guide of $2.03 billion and exceeding estimates of $2.04 billion, and its FY25 gross profit guidance similarly exceeded estimates.

The Trade Desk Inc (TTD)

+2.83%

Trading higher premarket following its Q3 2025 earnings report. The company posted adjusted earnings of $0.45 per share and sales of $739.433 million, beating estimates of $0.44 and $718.69 million, respectively. The Trade Desk guided more than $840 million in revenue for Q4, above estimates of $830.156 million, and announced an additional $500 share repurchase plan.

Crypto Stocks

-1.79%

Trading lower as a group in tandem with continued weakness in Bitcoin and Ethereum. Bitcoin is trading below the $100,000 as of 7:55 AM ET on Friday, poised to break a new weekly low. Ethereum, meanwhile, is trading just above $3,200. Both Bitcoin and Ethereum are set to record two straight weeks of losses.

MSTR, COIN, CRCL, IBIT, ETHE, RIOT, MARA, BLSH, HOOD, HIVE, CLSK

Chinese ADRs

-1.34%

Trading lower as a group in tandem with weakness during the overnight session in China, with the CSI 300 Index dropping by 0.31% and the Hang Seng Index closing 0.92% lower. Data released on Friday showed that China’s exports unexpectedly fell 1.1% in October, marking the first decline in eight months amid renewed tensions with the US. The decline signals weakening global demand and a potential setback for China’s export resilience, which had previously held up despite ongoing trade concerns.

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

MP Materials Corp and USA Rare Earth Inc

-7.07%

Both of these rare-earth materials stocks are gapping down following their quarterly earnings reports. MP Materials posted losses of $0.10 per share, narrower than the estimated loss of $0.18, though sales of $53.553 million missed estimates of $54.919 million. USA Rare Earth, meanwhile, reported adjusted losses of $0.25 per share, wider than the estimated $0.10-per-share loss.

MP, USAR

SanDisk Corp (SNDK)

+4.12%

Trading sharply higher premarket after its Q1 2026 earnings report. Adjusted earnings of $1.22 per share beat estimates of $1.00, while sales of $2.308 billion exceeded estimates of $2.164 billion. The company guided Q2 sales between $2.55 billion and $2.65 billion, above estimates of $2.342 billion, and its adjusted EPS guide for the same period sharply exceeded estimates.

NuScale Power Corp (SMR)

-6.53%

Gapping down after its Q3 2025 earnings report. Losses of $1.85 per share missed estimates of a $0.15-per-share loss, and sales of $8.242 million similarly fell short of the expected $11.066 million. Additionally, Fluor and NuScale announced that they have come to an agreement allowing the former to monetize the remainder of its stake in the latter; Fluor (FLR) is trading sharply higher premarket.

Archer Aviation Inc (ACHR)

-11.60%

Gapping down after its Q3 2025 earnings report, during which the company announced its acquisition of Hawthorne Airport in Los Angeles. Archer intends to use Hawthorne as a hub for air taxis in the region. The company reported losses of $0.20 per share for Q3, narrower than the estimated loss of $0.31.

Wendy’s Co (WEN)

+7.02%

Gapping up after its Q3 2025 earnings report, with adjusted earnings of $0.24 per share and sales of $549.516 million beating estimates of $0.20 and $534.457 million, respectively. The company continues to guide adjusted earnings between $0.82 and $0.89 per share for FY25, compared to estimates of $0.86.

Canopy Growth Corp (CGC)

+15.60%

Gapping up after its Q2 2026 earnings report. The company posted losses of $0.01 per share, narrower than the estimated loss of $0.11 per share, with sales of $48.434 million missing estimates of $52.34 million. Approximately 9.34% of the stock’s float is sold short.