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

0830 - CPI y/y for September: Expected 2.3%; Prior 2.5%
0830 - CPI m/m for September: Expected 0.1%; Prior 0.2%
0830 - Core CPI y/y for September: Expected 3.2%; Prior 3.2%
0830 - Core CPI m/m for September: Expected 0.2%; Prior 0.3%
0915 - Fed’s Cook speaks
1030 - Fed’s Barkin speaks
1100 - Fed’s Williams speaks

Tesla Inc (TSLA)

+1.08%

Trading higher premarket amid anticipation for its Robotaxi unveiling event on Thursday, October 10. The company will be hosting “We, Robot” at 10:00 PM ET in Burbank, California; the event will also be livestreamed. On Wednesday, supply chain analyst Ming-Chi Kuo shared a cautious note about the launch, noting that expectations of a rally may be misguided because mass production of the robotaxi may not occur until 1Q27. Kuo that Tesla’s Full Self-Driving (FSD) technology may not meet Level 4 requirements until after 2027, so the short-term stock impact of the event might be limited.

Advanced Micro Devices Inc (AMD)

+0.50%

On watch ahead of its “Advancing AI” event, which is scheduled to begin at 12:00 PM ET. The company is expected to reveal its next-gen Instinct MI325X AI accelerator, a top-tier offering from the MI300 lineup featuring up to 288 GB of HBM3E VRAM and 6 TB/s bandwidth. With enhanced FP16/FP8 compute capabilities and support for double the AI model sizes per server, the MI325X could bridge the gap between the MI300 series and the upcoming MI400 lineup.

Delta Air Lines Inc (DAL)

-5.78%

Gapping down after reporting Q3 2024 earnings. The company reported adjusted earnings of $1.50 per share, below estimates of $1.52, though sales of $15.677 billion beat estimates of $14.674 billion. Delta guided an operating margin of 11% to 13% for Q4 and expects revenue to grow by 2% to 4% for the quarter. Its quarterly EPS guidance came in at a range between $1.60 to $1.85, compared to estimates of $1.69.

Chinese ADRs

+0.97%

Trading marginally higher with volume as a group following a rally during Thursday’s session in China, with the Shanghai Composite Index closing almost 3% higher and the Hang Seng index gaining more than 4%. The People's Bank of China (PBoC) launched the "Securities, Funds and Insurance Companies Swap Facility" (SFISF) to allow qualified firms to exchange assets like bonds and ETFs for high-grade liquid assets such as Treasury bonds, starting with a 500 billion yuan ($70.7 billion) operation. Chinese stocks traded sharply lower on Tuesday and Wednesday following the announcement of a smaller-than-expected stimulus of $28 billion USD.

BABA, BIDU, BILI, JD, PDD, LI, XPEV, NIO, ZK

PayPal Holdings Inc (PYPL)

-1.73%

Trading lower premarket following a downgrade from Bernstein. The analyst lowered its rating for PayPal, which made a new 52-week high during Wednesday’s session, from Outperform to Market Perform.

Pfizer Inc (PFE)

-1.29%

Trading lower premarket after former Pfizer CEO Ian Read and former CFO Frank D’Amelio announced they are distancing themselves from Starboard Value’s activist campaign at the company, expressing full support for current CEO Albert Bourla. Despite Starboard's $1 billion stake and ongoing activism, Read and D’Amelio expressed confidence that Pfizer's current management will deliver long-term shareholder value. Earlier this week, the Wall Street Journal reported that both Read and D’Amelio were being enlisted by Starboard in its activist efforts at the company.

MicroStrategy Inc (MSTR)

+3.04%

Trading higher premarket despite weakness in Bitcoin, with the cryptocurrency trading just above $61,000 as of Thursday morning. The stock pulled back yesterday but hit a six-month high on a split-adjusted basis during Tuesday’s trading session. On Wednesday, Bernstein adjusted its price target for MicroStrategy to $290 to reflect its recent 10-for-1 split and maintained an Outperform rating.

Celsius Holdings Inc (CELH)

+4.65%

Trading sharply higher premarket after gaining more than 6% by the close of Wednesday’s session. The stock, which does not appear to be running on any particular catalyst, is followed by retail investors and made a 52-week low on Tuesday.

Tilray Brands Inc (TLRY)

+0.61%

On watch following its Q1 2025 earnings report. The company reported losses of $0.01 per share, smaller than the expected loss of $0.04 per share, though sales of $200.044 million missed estimates of $219.295 million. The stock receives frequent attention from retail traders and investors, and has a short float of 11.7%.

Smallcap Runners

+20.93%

Several previous smallcap movers are gapping up on Thursday. These stocks include recent multi-day runners like Faraday Future and Wheeler Real Estate, as well as names that are frequently in play, like BloomZ Inc (BLMZ) or Fangdd (DUO). Also trading higher premarket are Crown Electrokinetics, which gained more than 400% during a single day in May 2024, and Tempest Therapeutics, which gained more than 3000% during a rally last year.

FFIE, WHLR, BLMZ, DUO, CRKN, TPST