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

1255 - Fed’s Paulson speaks

Big Tech

+2.32%

Trading higher as a group following a market-wide selloff on Friday, which started after US President Donald Trump indicated that the US is considering “massive” tariffs on China; Trump announced 100% tariffs on China after the bell on Friday. In a Truth Social post shared on Sunday, Trump indicated that “it will all be fine” with China and that he may still meet with President Xi of China, as previously planned. The 100% tariffs on China are set to be implemented on November 1, 2025.

MSFT, GOOGL, AMZN, NVDA, PLTR, AMD

Chinese ADRs

+3.54%

On watch as a group as traders assess heightened tensions between the US and China over export control measures. China’s Commerce Ministry criticized the US for repeatedly using tariff threats and urged a return to dialogue after President Trump announced new 100% tariffs and export controls on critical software starting November 1. Beijing defended its rare earth export restrictions as defensive and limited in scope, adding that new port fees on U.S. vessels were a reciprocal move and warning it is “not afraid to fight a trade war”.

BABA, BILI, BIDU, PDD, JD, FXI, KWEB

Meta Platforms Inc (META)

+1.52%

The Wall Street Journal reported that the company has hired Andrew Tulloch, co-founder of Mira Murati’s AI startup Thinking Machines Lab. Meta reportedly offered Tulloch a compensation package worth up to $1.5 billion over six years as part of CEO Mark Zuckerberg’s push to strengthen Meta’s AI capabilities. The hire comes amid a broader recruiting spree targeting top AI talent from OpenAI, Anthropic, and Google DeepMind.

Tesla Inc (TSLA)

+1.74%

Data from the China Passenger Car Association indicates that the company sold 71,525 vehicles in China in September, its second-highest month of 2025. These sales mark a 25% month-over-month increase from August and narrow Tesla’s year-on-year sales decline to just 0.93% for 2025. However, September 2025 marks Tesla’s seventh month of year-over-year declines in China this year, with growth recorded only in March and June.

Crypto Stocks

+2.15%

Attempting to rebound as a group following sharp declines for Bitcoin and Ethereum, among other cryptocurrencies, on Friday. Both Bitcoin and Ethereum traded within a range on Saturday before pushing higher on Sunday, though both are trading marginally lower as of Monday morning. Cryptocurrencies declined alongside the rest of the market on Friday morning after US President Donald Trump expressed his displeasure towards China’s export measures in a Truth Social post.

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

Fastenal Co (FAST)

-4.08%

Trading sharply lower premarket following its Q3 2025 earnings report. The company reported earnings of $0.29 per share, narrowly missing estimates of $0.30 per share. Sales were recorded at $2.133 billion, beating estimates of $2.129 billion.

Intel Corp (INTC)

+0.47%

On watch after BofA Securities downgraded the stock to Underperform from Neutral while maintaining a $34 price target, arguing that the recent $80 billion market cap gain already prices in its foundry ambitions. The firm cited Intel’s weak AI positioning, uncompetitive server CPUs, dependence on TSMC, and limited flexibility to divest manufacturing losses. BofA Securities emphasized that they believe there is no catalyst to justify a higher valuation or a business split for Intel.

Bloom Energy Corp (BE)

+25.49%

Gapping up after announcing a $5 billion partnership with Brookfield to build global AI infrastructure facilities. Bloom will serve as the preferred onsite power provider using its fuel cell technology to meet the high, continuous energy demands of AI data centers. The venture—Brookfield’s first under its AI Infrastructure strategy—will debut a European site later this year. Roughly 18.5% of Bloom’s float is sold short.

Apple Inc (AAPL)

+1.55%

Jefferies cut its price target on the stock from $205.16 to $203.07 while maintaining an Underperform rating, citing more downside than upside. The analyst believes that the stock has the potential to decline 17% from Friday’s close, highlighting risks from tariffs, US-China tensions, and production constraints in India.

IONQ Inc (IONQ)

+4.12%

Trading sharply higher premarket after announcing a quantum chemistry breakthrough, demonstrating its system can calculate atomic-level forces with greater accuracy than classical methods. Working with a Global 1000 automaker, IonQ used its QC-AFQMC algorithm to model nuclear forces for carbon-capture materials. CEO Niccolo de Masi noted that the demonstration shows real-world quantum advantages across pharma, battery, and chemical industries. Approximately 21.8% of the stock’s float is sold short.

StubHub Holdings Inc (STUB)

+4.82%

Several analysts have issued coverage on the stock as its post-IPO “quiet period” comes to an end. Wedbush, BMO Capital, and Evercore ISI all assigned Outperform ratings to the stock. JMP Securities and BofA Securities initiated coverage on StubHub with Market Outperform and Buy ratings, respectively, while JP Morgan assigned the stock an Overweight rating. Wolfe Research, meanwhile, gave StubHub a Peer Perform rating. Price targets on the stock ranged from $24 (from JMP Securities) to $46 (JP Morgan); Wolfe Research did not assign a price target for StubHub.

Warner Bros Discovery Inc (WBD)

+3.95%

Bloomberg reported that the company rejected Paramount Skydance’s takeover offer of around $20 per share as too low. Paramount CEO David Ellison is now reportedly considering options to strengthen the bid, including raising the offer, appealing directly to shareholders, or securing backing from Apollo Global Management.

Beyond Meat Inc (BYND)

-62.71%

Gapping down after the company reported that 96.9% ($1.11 billion) of its 0% Convertible Notes due 2027 were tendered in an exchange offer, leading to the issuance of $208.7M in new 7% Convertible Notes due 2030 and about 316 million new shares. The move is aimed at eliminating over $800 million in debt. CEO Ethan Brown said the move reduces leverage and extends maturities, but the large share issuance and lock-up until Oct. 16 are weighing on the stock.

Powell Max Limited (PMAX)

+109.27%

Gapping up on no apparent news catalyst. The stock has a market capitalization of $7.5 million and a float of 630,000 shares, approximately 5% of which are sold short.