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

0830 - Retail sales m/m for August: Expected -0.2%; Prior 1%
0830 - Core retail sales m/m for August: Expected 0.2%; Prior 0.4%
0915 - Industrial production m/m for August: Expected 0.2%; Prior -0.6%
1000 - Fed’s Logan speaks
1000 - Business inventories m/m for July: Expected 0.3%; Prior 0.3%
1000 - NAHB housing market index for September: Expected 41; Prior 39

Intel Corp (INTC)

+6.89%

Trading sharply higher premarket after expanding its strategic collaboration with AWS to advance U.S.-based chip manufacturing. This multi-year, multi-billion-dollar collaboration aims to accelerate chip manufacturing development in Ohio, with Intel set to produce a custom AI Fabric chip on Intel 18A and a custom Xeon 6 chip on Intel 3 for AWS. Separately, the Biden administration confirmed that Intel has been granted up to $3 billion for the Secure Enclave program, secured under the CHIPS and Science Act.

Microsoft Corp (MSFT)

+1.50%

Trading higher premarket after announcing that its board approved a $60 billion share buy-back plan. The company also increased its quarterly dividend to $0.83 per share, marking a 10% rise from the previous quarter and giving Microsoft the highest dividend yield among megacap stocks at 0.77%. Additionally, Microsoft announced plans to establish two new AI-driven centers in Abu Dhabi, in collaboration with G42.

Palantir Technologies Inc (PLTR)

+1.60%

Trading higher premarket after being added to BofA’s US 1 list, which features the firm’s top investment ideas out of its Buy-rated stocks; BofA Global Securities maintained the stock with a Buy rating and a $50 price target on Monday, September 16. Additionally, Palantir has entered into a multi-year contract with Nebraska Medicine for use of its Artificial Intelligence Platform (AIP) to transform medical care.

Crypto Stocks

+1.99%

Trading higher in tandem with a recovery in Bitcoin. The cryptocurrency, which is coming off of a three-day red streak, has reclaimed the $59,000 level as of Tuesday morning. Ethereum has similarly rebounded to trade just above $2,300 early on Tuesday.

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

Meta Platforms Inc (META)

+0.28%

On watch after announcing a long-term partnership with EssilorLuxottica to develop multi-generational smart eyewear products, shaping the future of the category. Meta CEO Mark Zuckerberg expressed excitement about the partnership's long-term roadmap and its implications for smart eyewear development. The company’s Meta Connect event is scheduled for September 25 and 26, with Zuckerberg slated to deliver the keynote speech on Wednesday, September 26.

Chinese ADRs

+1.67%

Trading higher as a group, mirroring gains in Hong Kong stocks during Tuesday’s session as overseas investors anticipate a significant interest rate cut by the U.S. Federal Reserve on Wednesday. The Hang Seng Index closed up 1.37%, the Hang Seng China Enterprises Index rose by 1.41%, and the Hang Seng Tech Index gained 1.1%. Additionally, Midea Group’s well-received market debut marked the largest IPO for the Hang Seng in nearly four years.

LI, NIO, XPEV, BABA, BIDU, BILI, PDD, JD

Hewlett Packard Enterprise Co (HPE)

+3.31%

Trading higher premarket following an upgrade from BofA Global Research. The analyst raised its rating for the stock from Neutral to Buy and increased its price target for the stock from $21 to $24.

SolarEdge Technologies Inc (SEDG)

-6.61%

Trading sharply lower premarket after being downgraded by Jefferies. The analyst lowered its rating for SolarEdge to Underperform from Hold and slashed its price target to $17 from $27, citing concerns over high inventory levels, slower growth in European markets, and limited margin expansions due to muted demand trends. Jefferies also emphasized ongoing core losses and management uncertainty as additional risks for the company.

SES AI Corp (SES)

+28.43%

Gapping up after announcing a project using a cutting-edge AI-optimized supercomputer to map small molecules, aiming to advance battery chemistry for energy storage in electric transportation. The initiative, in collaboration with Crusoe, NVIDIA, and Super Micro, seeks to innovate sustainable computing solutions at the intersection of science and technology.

JBDI Holdings Ltd (JBDI)

+4.66%

Trading higher premarket with volume on no apparent catalyst. The Singapore-based company, which made its Nasdaq debut via an IPO on August 27, dropped by almost 92% on Monday and gapped up and down several times throughout the session. The stock has a float of approximately 3.21 million shares, and its IPO was valued at 11.5 million.