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

1215 - Fed’s Musalem speaks

Crypto Stocks

-3.82%

Trading sharply lower as a group in tandem with major cryptocurrencies and the overall market. Bitcoin and Ethereum are each poised for their fourth straight red session, with Bitcoin already trading below key support of $108,000. The market-wide drop has been attributed largely to the disclosure of bad loans by Zions and Western Alliance, which has led to concerns of overly loose lending practices.

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

Micron Technology Inc (MU)

-2.46%

Reuters reported that the company will halt sales of server chips to data centers in China after failing to recover from Beijing’s 2023 ban on its products in critical infrastructure. Micron will continue supplying Chinese customers with chips for mobile and automotive uses, including Lenovo’s overseas data center operations. In a statement to Reuters, Micron emphasized its compliance with local regulations.

Advanced Micro Devices Inc (AMD)

-2.14%

BofA Securities raised its price target for the stock to $300 from $250 and reiterated a Buy rating. This price target increase was attributed to stronger visibility into the rollout of MI450 “Helios” racks in 2H26 with major customers like Oracle, Meta, and OpenAI. The firm lifted its sales and EPS estimates, projecting potential earnings power of $10–11 per share by 2027.

Chinese ADRs

-1.77%

On watch as a group after US President Donald Trump appeared to take a softer stance on China during a Fox Business interview on Friday morning. During the interview, Trump emphasized his upcoming meeting with China’s President Xi and said that high tariffs on Chinese products and goods are “not sustainable”. Trump also commented that he thinks the US will be “fine with China” and that excessively high tariffs on the country’s goods are unlikely to stand.

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

Oracle Corp (ORCL)

-2.62%

The company provided lofty forward guidance during a financial analyst meeting on Thursday, as reported by Reuters. Oracle reportedly guided revenue of $225 billion and adjusted earnings of $21 per share by fiscal 2030. The company also highlighted 117% year-over-year growth in cloud infrastructure revenue for Q1 2026, for which they reported earnings in September, and projected $166 billion in revenue for the segment by FY30. Piper Sandler raised its price target for the stock from $330 to $380 following the event.

INVO Fertility Inc (INVO)

-17.14%

On watch after US President Donald Trump announced new measures to make in vitro fertilization more affordable. These effort include offering discounted fertility drugs through a federal direct-to-consumer platform launching in 2026. While stopping short of mandating insurance coverage for IVF, the plan also includes upcoming federal guidance to help employers offer standalone fertility benefits similar to dental or vision insurance. INVO Fertility closed more than 85% on Thursday amid anticipation for the announcement.

Ford Motor Co (F)

+0.09%

The company is recalling nearly 625,000 U.S. vehicles over seatbelt and rearview camera issues. The recalls are set to impact 332,778 Mustangs and 291,901 Super Duty trucks (F-250, F-350, F-450). Dealers will update camera software and inspect or replace seatbelt components at no cost to owners to address the safety defects, according to NHTSA.

AST SpaceMobile Inc (ASTS)

-4.80%

Trading sharply lower premarket following a double downgrade from Barclays. The analyst cut its rating for AST SpaceMobile from Overweight to Underweight while maintaining its $60 price target, noting the stock’s sharp rise has outpaced fundamentals despite positive developments like the Verizon deal and upcoming satellite launches. Barclays highlighted execution and technical risks tied to AST’s untested second-generation satellites, arguing a higher risk premium is warranted until the constellation is fully deployed.

Novo Nordisk A/S (NVO)

-3.89%

Trading lower premarket after Novo Nordisk shares fell after President Donald Trump said the US would lower the price of its weight-loss drugs under a “most favored nation” policy capping prices at levels charged in other wealthy countries. The company confirmed it is in discussions with the Trump administration. Analysts from UBS noted that potential US price cuts have already been factored into their forecasts.

Interactive Brokers Group Inc (IBKR)

-2.73%

Trading lower premarket following its Q3 earnings report. Adjusted earnings of $0.57 per share beat estimates of $0.54, while sales of $1.655 billion exceeded estimates of $1.505 billion. Commission revenue grew by 23% year-over-year amid an increase in customer trading volumes, with trading volume for options and stocks growing by 27% and 67%, respectively. Net interest income grew by 21%.

Artiva Biotherapeutics Inc (ARTV)

+100.36%

Gapping up after announcing that its drug AlloNK, developed to treat patients with rheumatoid arthritis who no longer respond to current treatments, has received Fast Track designation from the FDA. The company plans to share early data in November and begin key FDA discussions in 2026. The stock has a market capitalization of $67.66 million and a float of 12.44 million shares.