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

0830 - Initial jobless claims: Expected 227k; Prior 227k
0830 - Continued jobless claims: Expected 1.85M; Prior 1.838M
0830 - PPI m/m for August: Expected 0.1%; Prior 0.1%
0830 - PPI y/y for August: Expected 1.7%; Prior 2.2%
0830 - Core PPI m/m for August: Expected 0.2%; Prior 0.0%
1000 - Core PPI y/y for August: Expected 2.4%; Prior 2.4%
1000 - Monthly budget statement for August: Expected -$292.5B; Prior -$244B

Crypto Stocks

+1.56%

Trading higher as a group as Bitcoin and Ethereum recover from weakness on Wednesday. Bitcoin, which broke below the $56,000 level during Wednesday’s session, is trading just below $58,000 as of Thursday morning, while Ethereum is trading around the $2,300 level. The drop on Wednesday has been attributed to the aftermath of the second U.S. presidential debate, with Republican nominee Donald Trump having positioned himself as a pro-crypto candidate throughout his campaign.

IBIT, ETHE, BITO, MARA, COIN, CLSK, HUT, RIOT, MSTR

Micron Technology Inc (MU)

-3.20%

Trading sharply lower premarket after Exane BNP Paribas downgraded the stock from Outperform to Underperform and cut its price target from $140 to $67. The analyst expects Micron to under its AI sector peers due to anticipated oversupply in high bandwidth memory, which could lead to a quicker-than-expected decline in conventional DRAM prices.

Alphabet Inc (GOOGL)

+0.96%

On watch after the EU’s lead privacy regulator, Ireland's Data Protection Commission (DPC), initiated an inquiry into whether Google adequately protected EU users' personal data before using it to develop its AI model, Pathways Language Model 2 (PaLM 2). This investigation is part of broader efforts by the DPC, in collaboration with other EU/EEA regulators, to oversee the processing of personal data in AI model development.

Moderna Inc (MRNA)

-6.58%

Gapping down after projecting FY25 sales of $2.5 billion to $3.5 billion, below analysts' expectations of $3.74 billion. The company anticipates a compound annual growth rate (CAGR) exceeding 25% for 2026-2028, driven by new product launches, while citing uncertainty in the U.S. COVID and respiratory syncytial virus markets for its FY25 forecasts. Additionally, Moderna announced that it is planning on cutting its research and development expenses by $1.1 billion.

The Boeing Company (BA)

-0.62%

The company faces potential disruptions in aircraft production pending a vote by 33,000 assembly workers on whether to strike. The vote, scheduled for Thursday, will determine if workers accept a contract proposal offering a 25% pay increase over four years. If the proposal is rejected and a strike is approved by two-thirds, production of Boeing's top-selling planes like the 737 Max and 777 could halt as early as Friday.

Roku Inc (ROKU)

+3.49%

Trading higher premarket after being upgraded from Peer Perform to Outperform by Wolfe Research. The analyst, which set a $93 price target for the stock, attributed the upgrade to Roku’s increased focus on monetization amidst concerns over connected TV ad sales. Wolfe Research noted that Roku's trimmed costs, evolving sales strategies, and maintained market leadership in connected TV can mitigate fundamental risks and accelerate sales growth.

Signet Jewelers Ltd (SIG)

+11.41%

Gapping up following its Q2 2025 earnings report. Adjusted earnings of $1.25 per share beat estimates of $1.14, though sales of $1.491 billion fell short of the expected $1.502 billion and same-store sales dropped by 3.4%. The company guided Q3 sales between $1.345 billion and $1.38 billion, compared to estimates of $1.35 billion, and reaffirmed its previous FY25 guidance for EPS and revenue.

Tenon Medical Inc (TNON)

+201.27%

Gapping up on no apparent news. The stock has a market capitalization of $1.51 million dollars and a float of 426,840 shares. Tenon recently underwent a 1-for-8 reverse stock split, effective as of September 6.

Champions Oncology Inc (CSBR)

+24.56%

Trading higher premarket following its Q1 earnings report, where the company reported a surprise profit and higher-than-expected sales. Craig-Hallum upgraded its rating for the stock from Hold to Buy following the report.