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

0900 - S&P/Case-Shiller home price y/y for August: Expected 5%; Prior 5.9%
1000 - JOLTS job openings for September: Expected 8M; Prior 8.04M
1000 - CB consumer confidence for October: Expected 99.5; Prior 98.7

Crypto Stocks

+2.83%

Trading higher as a group in tandem with Bitcoin, which broke above the key $70,000 level on Monday evening. The cryptocurrency is trading above $71,200 as of early Tuesday morning. Bitcoin and its affiliated stocks had a strong session on Monday, which saw MicroStrategy trade at 24-year highs before making a split-adjusted all-time high.

MSTR, COIN, MARA, CLSK, HUT, IREN, BTBT, IBIT, ETHE

Alphabet Inc (GOOGL)

+0.28%

On watch ahead of its earnings report, scheduled to be released after the closing bell on Tuesday, October 29. Analysts are looking for the company to post revenue of $72.85 billion and earnings of $1.83 per share. Separately, Microsoft has accused Google of covertly organizing a lobbying group in Europe to undermine Microsoft’s cloud business and sway regulators by highlighting Microsoft’s practices. Microsoft’s Corporate VP Rima Alaily claims this new group involves small European cloud providers and is intended to deflect attention from Google’s own regulatory challenges, which include 24 global antitrust investigations.

Trump Media & Technology Group (DJT)

+14.19%

Gapping up once again after gaining more than 20% during Monday’s session. Monday’s rally followed a busy week for majority shareholder and Republican Presidential candidate Donald Trump, who was interviewed for the Joe Rogan Experience podcast and held a rally at Madison Square Garden on Sunday. The 2024 Presidential election is on November 5, just one week away. Additionally, frequent Trump Media sympathy play Phunware (PHUN) is trading sharply lower on Tuesday with no apparent catalyst.

The Boeing Company (BA)

-1.65%

Trading lower premarket with volume after pricing its previously-announced public offerings. The company is offering 112.5 million common shares for $143 each, in addition to $5 billion of depository shares. Boeing announced plans for a share sale valued at $19 billion on Monday morning. The embattled plane manufacturer is currently facing a strike within its machinists’ union and is reportedly considering selling off its space business.

PayPal Holdings Inc (PYPL)

-6.61%

The company reported adjusted earnings of $1.20 per share, above estimates of $1.07, though sales of $7.85 billion missed expectations of $7.88 billion. PayPal reported $422.6 billion in total payment volume for Q3 2024, up by 9% year-over-year. The company guided a low to mid-single digit drop in non-GAAP EPS for Q4 and guided growth in the high teens for non-GAAP EPS for fiscal 2024.

Ford Motor Co (F)

-5.54%

Gapping down with volume after providing weaker-than-expected guidance during its Q3 earnings report. The company expects an EBIT loss of roughly $5 billion for its Model E vehicle in fiscal 2024; Model E sales dropped 33% on a year-over-year basis for Q3. Ford guided adjusted EBITDA of roughly $10 billion for the fiscal year, with capex expended to fall between $8 billion and $8.5 billion and free cash flow expected to reach $7.5 billion to $8.5 billion. For fiscal Q3 2024, the company reported adjusted earnings of $0.49 per share and sales of $46.2 billion, beating estimates of $0.47 and $41.88 billion, respectively.

Pfizer Inc (PFE)

+1.35%

Trading higher premarket following its earnings report, with earnings of $1.06 per share and sales of $17.702 billion beating estimates of $0.62 and $14.954 billion, respectively. The company guided adjusted earnings between $2.75 and $2.95 for fiscal 2024, above previous guidance of $2.45-$2.65 and analyst estimates of $2.65. Pfizer guided 2024 sales between $61 billion and $64 billion compared to prior guidance of $59.5 billion to $62.5 billion and analyst estimates of $61.15 billion.

McDonald’s Corp (MCD)

-2.62%

Trading lower premarket following its Q3 2024 earnings report. Revenue was reported at $6.9 billion, above estimates of $6.82 billion and representing a 3% year-over-year increase in net sales, and adjusted earnings of $3.23 similarly beat estimates of $3.20. Same-store sales dropped by 1.5% globally, above the expected 0.6% drop, and same-store sales in the US grew by 0.3% compared to the 0.5% growth expected. The stock has been on watch over the past week due to an E. coli outbreak traced back to the company’s Quarter Pounder burgers; market participants are looking for a response to the situation from CEO Chris Kempczinski during the earnings call at 8:30 AM ET.

VF Corp (VFC)

+18.26%

Gapping up after its earnings report for fiscal Q2 2025, with adjusted earnings of $0.60 per share and sales of $2.8 billion exceeding expectations of $0.37 and $2.7 billion, respectively. VF reported a 6% year-over-year decrease in total revenue and a 13% year-over-year drop in inventories for Q2. The company guided Q3 2025 revenue between $2.7 billion and $2.75 billion, below estimates of $2.96 billion, and noted that free cash flow is expected to reach roughly $425 million for fiscal 2025.

BIO-Key International (BKYI)

+75.36%

Gapping up after announcing an order valued at $910,000 from a customer in the financial services space. The order involves an upgrade to the company’s biometric identification technology. BIO-Key has a market capitalization of $2.15 million and a float of 2.8 million shares.