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

0915 - Fed’s Logan speaks
1000 - Wholesale inventories m/m for August: Expected 0.2%; Prior 0.2%
1030 - Fed’s Goolsbee and Barkin speak
1100 - Fed’s Williams speaks
1215 - Fed’s Barkin speaks
1230 - Fed’s Jefferson speaks
1400 - FOMC meeting minutes

Alphabet Inc (GOOGL)

-0.91%

Trading lower premarket after a filing on Tuesday revealed that the Department of Justice is considering breaking up the company in response to antitrust violations related to Google's dominance in the search market. Potential remedies include structural changes to prevent Google from leveraging platforms like Chrome, Play, and Android to maintain its search engine monopoly. Google has criticized these measures as extreme and noted the possibility of unintended consequences should the breakup take place.

Semiconductors

+1.06%

Trading higher as a group amid continued strength. Nvidia is approximately $169 billion away from overtaking Apple as the world’s most valuable company after Tuesday’s session, during which the company gained more than 4%. Nvidia’s AI summit continues on Wednesday, and AMD’s “Advancing AI” event is scheduled for Thursday. Super Micro Computer is also on watch after rallying on Monday and giving up a portion of its gains on Tuesday; the initial rally was driven by the company’s announcement that it is delivering 100,000 GPUs every quarter.

NVDA, AMD, SMCI, QCOM, MRVL, MU, AVGO, ARM, INTC

Chinese ADRs

-2.77%

Trading lower as a group in tandem with continued weakness during China’s trading session overnight. Shanghai’s benchmark fell 6.6% and Hong Kong’s Hang Seng index dropped by 1.5%, while other global markets advanced. Investor disappointment stemmed from Beijing's economic stimulus plans, which failed to meet high expectations for reviving the property market and boosting economic growth.

BABA, BIDU, BILI, JD, PDD, FUTU, DADA, TME, LI, NIO, XPEV, ZK

Tesla Inc (TSLA)

-0.13%

On watch ahead of its “10/10” event on Thursday, where the company is set to unveil its robotaxi platform. Ark Invest analyst Tasha Keeney highlighted the event as a major step toward Tesla capturing a multi-trillion dollar market. The analyst expects Tesla’s autonomous ride-hailing platform to eventually dominate 90% of its enterprise value, with a robotaxi service potentially launching within the next year or two if full self-driving autonomy is achieved. Additionally, CNBC reported that Baidu's robotaxi unit, Apollo Go, is in talks with various firms to expand into international markets soon, though specific details on timing and regions remain undisclosed.

The Boeing Company (BA)

-1.52%

Trading lower premarket after withdrawing its contract offer for 33,000 striking machinists after negotiations broke down, with Boeing Commercial Airplanes CEO Stephanie Pope stating that further talks "do not make sense at this point." Boeing's efforts to improve pay and terms were rejected by the union, which demands better wages, retirement, and leave benefits. The strike, ongoing since mid-September, has halted most aircraft production.

Trump Media & Technology Group (DJT)

-0.92%

Poised to open lower, breaking a four-day green streak and its longest winning streak since June. The stock gained more than 18% by the end of Tuesday’s session, which saw over 45 million of the company’s shares traded intraday. The rally gained steam on Monday following an appearance by Tesla CEO Elon Musk at a campaign event for Donald Trump, the Republican candidate for President of the United States and Trump Media’s largest shareholder.

Cruise Lines

+1.47%

Continuing to trade higher as a group after making gains during Tuesday’s session; Carnival gained almost 5%, while Norwegian Cruise Line gained over 3% and Royal Caribbean gained 2%. This strength was attributed to a pullback in oil prices, which were strong throughout the previous week amid escalating tensions in the Middle East.

CCL, NCLH, RCL 

WW International Inc (WW)

+42.24%

Gapping up after closing more than 45% higher on Tuesday. The rally started when the company, formerly known as Weight Watchers, announced that it will begin offering compounded semaglutide (GLP-1) in an effort to make weight loss medication more affordable and easily accessible. The stock has a 17.6% short float.

NUBURU Inc (BURU)

+13.86%

Trading sharply higher premarket. On Tuesday, the company announced a $65 million funding program, consisting of $15 million in direct investment and a $50 million equity line of credit. NUBURU has a market capitalization of $4.26 million and a float of 3.56 million shares, approximately 5.6% of which are sold short.