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

0830 - CPI y/y for August: Expected 2.9%; Prior 2.7%
0830 - CPI m/m for August: Expected 0.3%; Prior 0.2%
0830 - Core CPI y/y for August: Expected 3.1%; Prior 3.1%
0830 - Core CPI m/m for August: Expected 0.3%; Prior 0.3%
0830 - Initial jobless claims: Expected 235k; Prior 237k
1400 - Federal budget balance for August: Expected -$340B; Prior -$291B

Opendoor Technologies Inc (OPEN)

+35.67%

Gapping up after announcing the appointment of Kasra “Kaz” Nejatian as CEO following the departure of former CEO Carrie Wheeler last month. Keith Rabois and Eric Wu, the company’s co-founders, are set to return to the board, with Rabois to serve as board chairman. Opendoor also announced that it is entering into a securities purchase agreement with Wu and Khosla Ventures for investment of $40 million of equity capital. Immediately prior to his appointment, Nejatian served as chief operating officer of Shopify.

Amazon.com Inc (AMZN)

+0.66%

The stock was named a top pick by Morgan Stanley. The analyst highlighted Amazon aggressive push into the $600 billion U.S. fresh grocery market, where each 1% share could lift gross merchandise volume by 120 basis points. Morgan Stanley sees profitability supported by cold storage upgrades, a $25 order minimum, higher-margin fresh goods, and larger basket sizes, making grocery expansion a key profit and efficiency driver.

Alibaba Group Holding Ltd (BABA)

+2.71%

Trading higher premarket after announcing plans to raise $3.2 billion through a zero-coupon convertible bond maturing in 2032. Most proceeds are earmarked for cloud expansion, and the rest are allocated for international e-commerce ventures like AliExpress, Lazada, and Trendyol. This announcement follows earlier bond issuances, including $1.5 billion in July and $5 billion in May 2024.

Oracle Corp (ORCL)

+1.54%

Continuing to trade higher premarket following a post-earnings rally that saw the stock close nearly 36% higher, with founder Larry Ellison’s net worth briefly surpassing that of Elon Musk. The company missed Q1 EPS and revenue estimates, though its forward guide for cloud infrastructure revenue led to exuberance. On Wednesday afternoon, the Wall Street Journal reported that OpenAI signed a five-year, $300 billion deal with Oracle during Q1 to secure massive computing power starting in 2027, a move aimed at overcoming shortages that limit product rollout and model training.

Apple Inc (AAPL)

+0.17%

DA Davidson downgraded the stock from Buy to Neutral while maintaining a $250 price target, citing weak near-term growth and minimal AI impact. The analyst said recent launches like the iPhone 16, iPhone 17, and Vision Pro lack innovation and won’t drive a strong upgrade cycle. Phillip Securities also downgraded Apple from Neutral to Reduce and set a $200 price target for the stock; the rating was attributed to tariff headwinds and a lack of AI innovation to offset any near-term concerns.

Tesla Inc (TSLA)

+1.10%

The company’s six-seater Model Y L appears to have sold out in China, with deliveries now pushed to November 2025 as demand far outpaces supply. The model has reportedly attracted over 120,000 orders since its recent launch, averaging 10,000 daily, offering a bright spot amid Tesla’s broader sales struggles.

Figure Technology Solutions Inc (FIGR)

0.00%

The company is set to make its Nasdaq debut on Thursday via an IPO. Figure sold 31.5 million shares at $25 each, above its targeted range of $20 to $22, to raise $787.5 million. The deal values the stablecoin issuer at $5.29 billion.

Red Cat Holdings Inc (RCAT)

+10.80%

Trading sharply higher premarket after announcing that its subsidiary Teal Drones’ Black Widow system has been approved for inclusion in NATO’s Support and Procurement Agency catalogue under a three-year contract. This designation allows NATO members and partners to acquire the system via NSPA-managed channels such as direct catalogue orders and sponsored tenders. Approximately 23.9% of the stock’s float is sold short.

Vince Holding Corp (VNCE)

+244.58%

Gapping up following its Q2 earnings report. Vince Holding reported earnings of $0.38 per share, well above estimates of a $0.10-per-share loss, with sales of $73.241 million outpacing expectations of $72.882 million. The stock has a market capitalization of $21.33 million and a float of 2.51 million shares.

Silexion Therapeutics Corp (SLXN)

+159.31%

Gapping up after reporting positive preclinical data for its SIL204 treatment. The data shows that this treament, given as an injection under the skin, reached organs where pancreatic cancer usually spreads and reduced tumor growth in those areas. The stock, which has rallied in the past, has a market capitalization of $3.28 million and a float of 680,000 shares.