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

0830 - Import prices m/m for August: Expected -0.2%; Prior 0.1%
0830 - Export prices m/m for August: Expected -0.2%; Prior 0.7%
1000 - UMich consumer sentiment (prelim) for September: Expected 68.5; Prior 67.9
1000 - UMich 5-yr Inflation Expectations (prelim) for September: Expected 3%; Prior 3%
1000 - UMich 1-yr Inflation Expectations (prelim) for September: Expected 2.8%; Prior 2.8%

Adobe Inc (ADBE)

-8.45%

Gapping down following its Q3 2024 earnings report. Adjusted earnings of $4.65 exceeded expectations of $4.53, and sales of $5.41 billion beat estimates of $5.37 billion. The company reported 11% year-over-year revenue growth in its Digital Media segment, 18% growth in its Document Cloud segment, and 10% growth in its Creative segment. Adobe guided Q4 revenue between $5.5 billion and $5.55 billion, below estimates of $5.6 billion, with the midpoint of its $4.63-$4.68 EPS guidance range falling below the expected $4.67.

Oracle Corp (ORCL)

+6.49%

Trading sharply higher premarket following an analyst meeting on Thursday, during which the company raised its fiscal 2026 revenue outlook to at least $66 billion and forecasted fiscal 2029 revenue to exceed $104 billion. Multiple brokerages increased their price targets for Oracle, with Bernstein citing the company’s strong market positioning and Barclays pointing to innovation within Oracle Cloud Infrastructure. TD Cowen, Guggenheim, BofA Global Research, and Piper Sandler are among the other analysts who have raised their price targets for Oracle following the meeting.

Tesla Inc (TSLA)

-0.21%

On watch after Guggenheim raised its price target for the stock to $153 from $134 while maintaining a Sell rating, citing improved demand trends and updated delivery forecasts. The firm anticipates minimal impact on Tesla's stock from upcoming robotaxi events, expecting investor focus to shift back to near-term fundamentals afterward.

The Boeing Company (BA)

-3.85%

Trading lower premarket after the company’s U.S. West Coast factory workers rejected a contract deal and initiated a strike, disrupting production of their top-selling jet amidst ongoing production challenges and financial pressures. The strike, Boeing's first since 2008, coincides with heightened scrutiny following safety incidents and a 38% drop in Boeing’s stock in 2024 thus far.

Arm Holdings PLC (ARM)

+2.03%

Trading higher premarket after Raymond James initiated coverage on the stock, assigning an Outperform rating and a $160 price target. On Thursday evening, the company announced that Young Sohn, Samsung’s former president and chief strategy officer, has been appointed to its board for the second time.

PDD Holdings Inc (PDD)

-3.12%

Trading lower premarket after the Biden administration announced plans to tighten regulations on low-value shipments entering the U.S. duty-free under the $800 "de minimis" threshold, targeting Chinese e-commerce firms like Shein and PDD's Temu. The new rules aim to deny duty-free status to packages containing goods subject to specific tariffs, enhance disclosure requirements for package contents, and address concerns about illicit or unsafe products entering the country.

Moderna Inc (MRNA)

-4.69%

Trading lower premarket after receiving a slew of negative analyst notes, including a downgrade from Outperform to Perform by Oppenheimer and a price target decrease from Piper Sandler. On Thursday, the company issued a lower-than-expected FY25 revenue forecast and announced plans to cut its R&D expenses by roughly $1.1 billion.

Unity Software Inc (U)

+1.32%

Trading higher premarket after price target increases from Stifel and Jefferies, with Stifel raising its target from $20 to $25 and Jefferies hiking its target from $16 to $20. The stock rallied on Thursday after Matthew Bromberg, the company’s new CEO, announced that its maligned Runtime Fee will be cancelled. Bromberg noted that Unity will pivot to a more traditional fee structure as of January 1, 2025.

Tenon Medical Inc (TNON)

+224.15%

Gapping up after rallying throughout Thursday’s session, driven by increased attention from retail investors following a 1-for-8 reverse split on September 6. On Thursday evening, the company announced the pricing of a $4.5 million public offering of 1.22 million.