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

0830 - Goods trade balance for September (tentative): Prior -$85.5B
1000 - Pending home sales m/m for September: Expected -1.35%; Prior 4%
1400 - FOMC rate decision: Expected 4%; Prior 4.25%
1400 - FOMC rate statement: Prior -$85.5B
1430 - FOMC press conference w/ Fed Chair Powell

NVIDIA Corp (NVDA)

+3.35%

Trading sharply higher premarket following a strong session on Tuesday, which saw the stock make new all-time highs above $200. This rally coincided with Nvidia’s GTC Washington event, during which CEO Jensen Huang projected $500 billion in AI chip orders and announced a new $1 billion investment in Nokia to co-develop 6G technology. Nvidia is now on the verge of becoming the first to surpass a $5 trillion market cap, driven in part by strong AI chip demand and plans to build seven new US government supercomputers. Additionally, Huang is set to meet with US President Donald Trump during the latter’s visit to South Korea.

Meta Platforms, Microsoft, and Alphabet

+0.19%

On watch as a trio ahead of their earnings reports, all of which are scheduled for release after the bell on Wednesday, October 29. Analysts are looking for Meta to post earnings of $6.61 per share and revenue of $49.34 billion. Microsoft is expected to post earnings of $3.65 per share and revenue of $74.96 billion. Consensus estimates for Alphabet suggest earnings of $2.26 per share and sales of $99.96 billion. All three companies are expected to release their reports around 4:05 PM ET.

META, MSFT, GOOGL

The Boeing Company (BA)

-0.47%

On watch after its Q3 2025 earnings report, during which the company announced a $4.9 billion charge due to the delay of its 777X jetliner; the plane is now expected to make its market debut in 2027. Boeing reported losses of $7.47 per share, larger than the estimated loss of $5.15 and impacted by the aforementioned charge. Quarterly sales of $23.27 billion, however, exceeded estimates of $21.972 billion. The company also noted that the 777x “continues to perform well” during flight tests despite the schedule delay for the plane’s release.

Apple Inc (AAPL)

+0.33%

BofA Securities raised its price target for the stock from $270 to a Street high of $320 while reiterating a Buy rating. The price target was attributed to the company’s strong ecosystem, brand, and growth potential in AI-driven products. The firm sees Apple as a long-term AI leader with opportunities in AI-enhanced eyewear and smart home devices. Separately, Bloomberg reported that Apple is testing OLED displays for upcoming versions of the MacBook Air, iPad mini, and iPad Air, aiming to deliver richer visuals and deeper contrast as part of a broader shift away from LCD technology.

Tesla Inc (TSLA)

+0.90%

Trading marginally higher premarket following a price target increase from BofA Securities. The analyst raised its price target on Tesla to $471 from $341 while maintaining a Neutral rating, citing stronger progress in Robotaxi development and increased valuation for the Optimus humanoid robot. The firm’s sum-of-the-parts model attributes 45% of Tesla’s value to Robotaxi, 19% to Optimus, 17% to Full Self-Driving, 12% to automotive, and 6% to energy operations, reflecting long-term growth potential through 2040.

Fiserv Inc (FI)

-28.19%

Gapping down after its Q3 2025 earnings report, with adjusted earnings of $2.04 per share and sales of $5.263 billion missing estimates of $2.64 and $5.36 billion, respectively. Organic revenue grew by 1%, well below estimates of 9.29% growth. Revenue in the Merchant Solutions segment grew by 5% year-over-year, though Financial Solutions revenue declined by 3%. The company now expects adjusted EPS between $8.50 and $8.60 for FY25, well below its prior guide of $10.23 for the period.

Enphase Energy Inc (ENPH)

-10.71%

Gapping down after its Q3 2025 earnings report. The company posted adjusted earnings of $0.90 per share and sales of $410.427 million, beating estimates of $0.65 and $365.808 million, respectively. US revenue grew by 29% on a sequential basis, but European revenue dropped by 38% sequentially amid declining demand in the region. Enphase guided Q4 sales between $310 million and $350 million, well below estimates of $381.435 million.

Amazon.com Inc (AMZN)

+0.04%

Amazon Web Services has committed to invest at least $5 billion in South Korea by 2031 to build new AI data centers near Seoul, supporting the country’s goal to become a leading global AI hub. The announcement, made during AWS CEO Matt Garman’s meeting with President Lee Jae Myung at the APEC summit, is part of a broader $9 billion pledge from global firms and aligns with AWS’s $40 billion investment plan across 14 APEC economies.

Verizon Communications Inc (VZ)

+3.26%

Trading higher premarket following its Q3 2025 earnings report. Adjusted earnings of $1.21 per share beat estimates of $1.19, though sales of $33.8 billion missed estimates of $34.282 billion. Wireless service revenue and wireless equipment revenue grew by 2.1% and 5.2% year-over-year, respectively, with consumer revenue growing by 2.9%. The company affirmed its previously-issued FY25 earnings guide of $4.64-$4.73 per share, compared to estimates of $4.69.

Centene Corp (CNC)

+9.52%

Gapping up after its Q3 2025 earnings report. Adjusted earnings of $0.50 per share significantly outperformed estimates of a $0.14-per-share loss, while sales of $49.69 billion beat estimates of $47.75 billion. The company guided earnings of $2 per share for fiscal 2025, above estimates of $1.67.

Chinese ADRs

+1.27%

Trading marginally higher as a group ahead of the upcoming meeting between Presidents Xi Jinping and Donald Trump, set to take place in South Korea on Thursday. The talks are expected to focus on finalizing a trade framework to halt planned tariff hikes and rare earth export restrictions. Trump has noted that he is also aiming to address fentanyl-related tariffs and support for US farmers, as well as Nvidia’s Blackwell chip. China’s CSI 300 Index closed more than 1% higher to end Wednesday’s overnight session.

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

Bloom Energy Corp (BE)

+19.00%

Gapping up after its Q3 2025 earnings report, with adjusted earnings of $0.15 per share and sales of $519.048 million beating estimates of $0.09 and $424.983 million, respectively. Revenue grew by 57.1% on a year-over-year basis, while product and service revenue grew by 55.7%.

ETSY Inc (ETSY)

-9.07%

Gapping down after its Q3 2025 earnings report. Earnings of $0.63 per share beat estimates of $0.53 per share, and sales of $678 million exceeded expectations of $655.304 million. Consolidated gross merchandise sales (GMS) came in at $2.73 billion, representing 0.9% year-over-year growth. The company reported a 5% decline in active buyers and a 10.9% decline in active sellers on Etsy Marketplace. Etsy guided GMS between $3.5 billion and $3.65 billion for Q4 2025, projecting adjusted EBITDA margin at 24% for the same period.

Kraft Heinz Co (KHC)

-1.68%

Trading lower premarket after its Q3 2025 earnings report. Adjusted earnings of $0.61 per share beat estimates of $0.58, while sales of $6.237 billion missed estimates of $6.256 billion. Kraft Heinz cut its adjusted EPS guidance for FY25 to $2.50-$2.57, narrowly missing estimates of $2.58, and expects net sales to decline by 3% to 3.5% for the same period. The company also announced a regular quarterly dividend of $0.40 per share.

Joby Aviation Inc (JOBY)

+6.34%

Gapping up after announcing an exclusive partnership with Nvidia to develop autonomous flight systems for its future eVTOL air taxis using Nvidia’s new IGX Thor platform based on the Blackwell architecture. The collaboration will first focus on achieving certifiable autonomy for defense applications before expanding to civilian use as FAA regulations progress.