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

0900 - FOMC Member Kashkari speaks
1100 - NY Fed 1-Year Consumer Inflation Expectations: Prior 3%
1500 - Fed Waller Speaks
1700 - FOMC Member Kashkari Speaks

Tesla Inc (TSLA)

-1.01%

Trading higher this Morning following the hectic week with its CyberTaxi event and steep drop in the aftermath. In addition, growth in its Supercharger network slowed in Q3 2024, adding only 2,800 new chargers compared to over 3,000 in the same quarter of 2023. This reduction in expansion did not affect locations tied to Elon Musk’s other venture, SpaceX, which remained unaffected by the slower rate of new charger installations.Tesla and Elon Musk also Garnered praise from Nvidia CEO Jensen Huang during the Bg2 Pod

Crypto Stocks

+5.51%

Crypto related equities are all trading higher following a strong weekend rally in Bitcoin as it breached the 64k mark and is testing 65000 early premarket. MicroStrategy continues its rally as its 17% plus short float pushes it during the crypto rally

MSTR, COIN, MARA, IBIT

Boeing Co (BA)

-2.32%

Boeing's recent announcement of a 10% workforce reduction and delays in the 777X program highlights the ongoing challenges facing the company. The machinist strike, safety issues, and manufacturing crises have significantly impacted Boeing's operations and financial performance. Despite these setbacks, CEO Kelly Ortberg remains committed to restoring stability and competitiveness. Investors will closely monitor Boeing's progress in addressing these challenges and the potential impact on its future financial performance..

Semiconductor Stocks

0.88%

Trading Higher following back to back events last week from Nvidia and AMD. Piper Sandler maintained an Overweight rating on AMD despite the stocks negative reaction to its Advancing AI Event and raised its price target from $175 to $200 on Oct. 11, forecasting a 20% upside. Recent updates from AMD include the launch of several high-performance computing products, such as the 5th Gen AMD EPYC server CPUs, AMD Instinct MI325X accelerators, and AI-focused processors like the AMD Ryzen AI PRO 300 series. These innovations aim to strengthen AMD’s position in the enterprise and AI markets.

NVDA, AMD, INTC, MU, SMCI, TSM, ARM

Caterpillar Inc (CAT)

-1.96%

Caterpillar's shares fell over 2% in pre-market trading on Monday after Morgan Stanley downgraded the stock to Underweight. The analyst firm cited concerns about a potential de-stocking downturn in U.S. construction equipment, which could negatively impact Caterpillar's earnings. Morgan Stanley lowered its price target to $332, reflecting the revised outlook. Investors should closely monitor developments in the construction sector and Caterpillar's response to these potential challenges.

Chinese Stocks

-1.50%

Chinese stocks experienced a mixed reaction following the recent stimulus announcement by China's Finance Minister. While the government emphasized increased government debt and support for key sectors, the overall size and impact of the package remain unclear. As a result, US-listed Chinese companies saw pre-market declines, while mainland indices closed higher. Investors are closely watching for further details on the stimulus measures and their potential impact on the Chinese economy and stock market.

Trump Media & Technology Group (DJT)

-2.37%

Trump Media & Technology Group (DJT) continues its volatility, going from green to red in premarket trading to $26.21 after a 37% gain over the past five days, marking its best week since going public in March. The recent surge is linked to Tesla CEO Elon Musk's appearance at a Trump rally, which has energized investors as DJT stock is often seen as a proxy for Trump’s electoral prospects. With polls showing a tight race between Trump and Vice President Kamala Harris ahead of the November election, DJT has gained 46% over the past month but remains down 38% from three months ago. Economists warn that a Trump victory could lead to higher inflation, interest rates, and a growing budget deficit.