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

0830 - NY Fed manufacturing index for October: Expected -1.8; Prior -8.7
1210 - Fed’s Bostic speaks
1230 - Fed’s Miran speaks
1300 - Fed’s Waller speaks
1430 - Fed’s Schmid speaks

NVIDIA Corp (NVDA)

+2.32%

Trading higher premarket after HSBC upgraded the stock from Hold to Buy, hiking its price target from $200 to $320. The upgrade was attributed to strong projected FY27 earnings growth driven by expanding AI chip demand beyond cloud providers. The bank expects Nvidia’s FY27 datacenter revenue to reach $351 billion—36% above consensus—and sees further upside from resumed CoWoS wafer momentum and potential recovery in the Chinese market.

Nuclear Stocks

+5.24%

Trading sharply higher as a group after the US Army announced the launch of the Janus Program on Tuesday. The six-year program aims to develop portable nuclear microreactors under 20 MW, aiming to power critical bases and missions by 2028. Modeled after NASA’s COTS program, the initiative builds on lessons from Project Pele and focuses on strengthening energy resilience and military readiness using domestically sourced advanced materials and uranium.

NNE, OKLO, SMR

Bank of America and Morgan Stanley

+3.03%

Both stocks are trading higher premarket following their Q3 2025 earnings reports. Bank of America posted earnings of $1.06 per share and sales of $28.242 billion, beating estimates of $0.94 and $27.502 billion, respectively. The bank’s provision for credit losses was reported at $1.3 billion, down from $1.5 billion on a year-over-year basis, while average deposit balances grew by 4%. Morgan Stanley reported earnings of $2.80 per share and sales of $18.2 billion, beating estimates of $2.08 and $16.698 billion, respectively. Net income grew by 45% year-over-year, while net interest income increased by 12%.

BAC, MS

ASML Holding NV (ASML)

+4.26%

Trading higher premarket after reporting earnings for Q3 2025. The company posted quarterly earnings of $6.42 per share, beating estimates of $6.36, though sales of $8.788 billion missed estimates of $8.81 billion. ASML guided Q4 gross margin between 51% and 53%. The company expects 15% sales growth at a 52% margin for fiscal 2025, noting that they do not expect fiscal 2026 revenue to underperform that of the current year.

Tesla Inc (TSLA)

+1.07%

Lawyers for CEO Elon Musk are appealing to the Delaware Supreme Court to reinstate his $56 billion Tesla pay package, after a lower court voided it on grounds of board bias and lack of shareholder transparency. The case has major implications for Delaware’s corporate legal system, which faces scrutiny over its treatment of powerful business leaders. Additionally, registrations of Tesla vehicles in China from October 6-12 rose by 126% on a week-over-week basis.

Dollar Tree Inc (DLTR)

+8.29%

Trading sharply higher premarket after highlighting its forward earnings guidance during its 2025 Investor Day. The company continues to expect adjusted earnings of $1.12 for Q3 2025, beating estimates of $1.09. Comparable sales have increased by 3.8% on a year-to-date basis. Dollar Tree guided EPS growth of 12% to 15% from fiscal 2026 to fiscal 2028, noting that its EPS growth percentage for FY26 is expected to be in the high teens.

Papa John’s International Inc (PZZA)

+11.44%

Gapping up after Reuters reported that Apollo Global Management has submitted a new bid to take the company private. The new offer is reportedly priced at $64 per shrae, following an earlier joint offer with Irth Capital slightly above $60 per share. The situation remains fluid with no guarantee of a deal, as activist investors also circle the $1.6 billion pizza chain.

Microsoft Corp (MSFT)

+0.08%

British AI firm Nscale has expanded its partnership with the compnay to deploy about 200,000 Nvidia AI chips across data centers in Europe and the U.S., starting with sites in Texas and Portugal next year. Though financial terms weren’t disclosed, the Financial Times estimated the deal could generate up to $14 billion in revenue for Nscale. Additionally, Oracle and Microsoft announced a partnership to help enhance efficiency within supply chains.

Apple Inc (AAPL)

+0.43%

Reuters reported that the company is lobbying India to amend a 1961 tax law that could expose it to billions in taxes over high-end iPhone manufacturing equipment, a key issue as it expands production beyond China. At the same time, CEO Tim Cook reaffirmed Apple’s commitment to China. According to IDC data, iPhone shipments in China grew by 0.6% year-over-year to 10.8 million units in Q3 amid a weak smartphone market.

Coinbase Global Inc (COIN)

+1.60%

The company announced that it has directly invested in Indian crypto exchange CoinDCX, valuing the firm at $2.45 billion post-money. This effort follows previous investments by Coinbase Ventures. CoinDCX reported $141 million in annualized revenue and $1.2 billion in assets under custody as of July 2025. The investment awaits regulatory approval.

Alphabet Inc (GOOGL)

+0.22%

Waymo, the company’s self-driving unit, plans to launch its fully driverless ride-hailing service in London in 2026 and is working with vehicle financing firm Moove and regulators to gain approval. The move marks Waymo’s first major international expansion as it scales beyond its 250,000 weekly U.S. rides amid rising competition from Tesla’s robotaxi rollout.

Cooking Oil Stocks

+56.92%

Trading sharply higher as a group after President Donald Trump warned that the US is considering “terminating business with China having to do with Cooking Oil, and other elements of Trade”. Trump attributed this potential termination to concerns that China is intentionally not buying soybeans from the US, which he views as hostile towards American soybean farmers. This update comes as trade tensions between the US and China intensify ahead of a planned meeting between Trump and President Xi of China.

CBUS, COOT, RDKA, SEED