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

0830 - Nonfarm payrolls for September (tentative): Expected 52k; Prior 22k
0830 - Unemployment rate for September (tentative): Expected 4.3%; Prior 4.3%
0830 - Average earnings y/y for September (tentative): Expected 4.3%; Prior 4.3%
0945 - S&P services PMI for September: Expected 53.9; Prior 53.9
0945 - S&P composite PMI for September: Expected 53.6; Prior 53.6
1000 - ISM services PMI for September: Expected 51.7; Prior 52
1330 - Fed’s Logan speaks

Tesla Inc (TSLA)

+1.22%

Rebounding premarket after closing more than 5% lower on Thursday despite better-than-expected Q3 deliveries. The company delivered 497,099 vehicles during the quarter, well above estimates of 439,600, and reported that production of 447,450 vehicles during the period. Tesla’s delivery beat has been viewed by some as difficult to maintain, given that the end of the quarter coincided with the end of the EV tax credit in the US. Additionally, the company’s Cybertruck is now for sale in Qatar.

Crypto Stocks

+0.89%

On watch as a group following sector-wide strength on Thursday, led by rallies in both Bitcoin and Ethereum. Bitcoin reached highs above $121,000 on Thursday, while Ethereum traded above $4,500 at its high of day. Both cryptocurrencies are relatively flat on Friday morning.

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

NVIDIA Corp (NVDA)

+0.38%

The Wall Street Journal reported that the company’s multibillion-dollar deal to supply advanced AI chips to the UAE has been stalled for months as US officials press Abu Dhabi to finalize promised investments before shipments proceed. The delay, which has reportedly frustrated Nvidia CEO Jensen Huang, is seen as a setback for both Nvidia and the White House’s broader strategy to expand U.S. tech influence abroad and counter China’s AI ambitions. Separately, Nvidia and Fujitsu are deepening their partnership to develop full-stack AI infrastructure that integrates Fujitsu’s Monaka CPUs with Nvidia GPUs via NVLink Fusion, enabling highly specialized systems for industries like healthcare, manufacturing, and robotics.

Applied Materials Inc (AMAT)

-2.23%

Trading lower premarket after warning that newly expanded U.S. export restrictions will cut its fourth-quarter revenue by about $110 million and reduce fiscal 2026 sales by roughly $600 million. The rules tighten limits on shipments of certain products to China, further impacting the world’s largest semiconductor wafer fabrication equipment maker.

Apple Inc (AAPL)

-1.23%

Jefferies downgraded the stock to Underperform from Hold and lowered its price target to $205.16, citing overly optimistic expectations for the iPhone 18 Fold and the replacement cycle. While iPhone 17 demand is strong due to a base-model price cut, the firm expects muted unit growth in FY2026/2027 driven by a $100 price increase for the iPhone 18 Pro/Pro Max.

Palantir Technologies Inc (PLTR)

-0.34%

An internal U.S. Army memo warns that the NGC2 battlefield communications system - developed with Anduril, Palantir, and others - has “fundamental security” flaws and should be considered “very high risk.” The report highlights major vulnerabilities, including unrestricted access to all applications and data for any authorized user, with no logging to track activity.

Rumble Inc (RUM)

+11.64%

Gapping up after announcing a partnership with AI-powered answer engine Perplexity to enhance content discovery on its platform. The collaboration will integrate Perplexity’s AI tools, introduce a new subscription bundle, and promote Perplexity’s Comet product across Rumble’s ecosystem.

Amazon.com Inc (AMZN)

+0.44%

Goldman Sachs raised its price target for the stock to $275 from $240 while maintaining a Buy rating, citing strength in AWS and accelerating growth in its advertising business. The firm projects AWS can deliver 20%+ revenue growth with strong margins through 2026, supported by AI services, custom silicon, and improving capital efficiency.

Meta, Microsoft, and Alphabet

+0.32%

Indian ministers are openly promoting homegrown alternatives to Google Maps, WhatsApp, and Microsoft products as part of Prime Minister Modi’s push for “Made in India” apps. Officials are showcasing domestic tools like Zoho instead of Microsoft PowerPoint and avoiding Google services in government presentations. The campaign, which is a response to US tariffs on India, reflects growing trade tensions between the countries.

META, MSFT, GOOGL

USA Rare Earth Inc (USAR)

+8.59%

Gapping up after CEO Barbara Humpton said the company is in close talks with the White House about potential collaboration. The discussions come as President Trump pushes to boost domestic critical minerals production amid China’s export restrictions and dominance in the rare earths sector.

Quantum Stocks

+4.82%

Trading sharply higher as a group amid continued momentum in the quantum space. Quantum Computing (QUBT), the strongest stock in the group on Friday morning, had its price target hiked from $22 to $40 by Ascendiant Capital; the analyst maintained a Buy rating on the stock. Many of the stocks in this group have short floats of greater than 10%.

QUBT, RGTI, IONQ, QBTS

Reddit Inc (RDDT)

+1.84%

Trading higher premarket after Citizen JMP reiterated an Outperform rating and $300 price target on the stock, highlighting the company’s strong ad business momentum. He noted that logged-in US users monetize at more than 10x the rate of logged-out users, making SEO concerns less significant to the growth outlook. Reddit traded sharply lower earlier this week amid speculation that OpenAI is looking to reduce Reddit citations, which could lead to less traffic on the platform.

Actellis Networks Inc (ASNS)

+75.43%

Gapping up after announcing a $30 million stock purchase agreement with White Lion Capital. On Wednesday, the company announced that it received a software and services order, valued at roughly $300,000, for a European telecommunications carrier. Actellis has a market capitalization of $6.14 million.