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

0900 - S&P/Case-Shiller home price y/y for July: Expected 1.91%; Prior 2.1%
0900 - Fed’s Collins speaks
0945 - Chicago PMI for September: Expected 43.3; Prior 41.5
1000 - CB consumer confidence for September: Expected 96; Prior 97.4
1000 - JOLTs job openings for August: Expected 7.17M; Prior 7.181M
1330 - Fed’s Goolsbee speaks
1910 - Fed’s Logan speaks

Intel Corp (INTC)

-1.88%

The company completed a $2 billion private placement to SoftBank, selling 86.96 million shares at $23.00 each under a previously signed purchase agreement. The deal, finalized on September 26, 2025, provides Intel with fresh capital through direct equity issuance. Separately, KeyBanc commented that Intel’s 18A process yields remain stalled at 50–55%, creating risk that the Panther Lake CPU launch could slip from late 2025 into Q2 2026. With ongoing challenges, the firm expects Intel may outsource 60–70% of Nova Lake desktop CPU production to TSMC’s N2 process instead of keeping half in-house.

Taiwan Semiconductor Manufacturing Co Ltd (TSM)

+0.29%

The Trump administration is urging Taiwan to shift part of its semiconductor production to the US, according to comments from Commerce Secretary Howard Lutnick. The administration is targeting a “50-50” split so that half of America’s chips are made domestically, a move requiring over $500 billion in local investment. Lutnick argued that reducing reliance on Taiwan would strengthen both U.S. supply security and Taiwan’s defense.

Tesla Inc (TSLA)

-0.70%

Canaccord Genuity raised its price target for the stock to $490 from $333 ahead of the company’s Q3 deliveries, expected to be released later this week. The analyst attributed the price target increase to stronger delivery trends across approximately 30 countries and expectations for new EV models to sustain global momentum. The firm also sees Tesla’s energy storage business benefiting from rising demand, particularly in behind-the-meter solutions for utilities and data centers. Separately, Tesla plans to unveil its third-generation humanoid robot by the end of 2025 and begin mass production in 2026.

Spotify Technology SA (SPOT)

-3.77%

Founder Daniel Ek will step down as CEO on January 1, 2026, and assume the role of executive chairman, focusing on capital allocation and long-term strategy. Co-presidents Gustav Söderström and Alex Norström will become co-CEOs and are set to join the board pending approval. Prior to the announcement, Goldman Sachs downgraded the stock from Buy to Neutral on concerns that the company’s forward growth is priced in.

Alibaba Group Holding Ltd (BABA)

+1.25%

Trading higher premarket in sympathy with recent strength in China. The MSCI China Index is set to close roughly 9% higher for September, marking its largest monthly gain since 2018. Both the CSI 300 Index and the tech-heavy Hang Seng Index closed near intraday highs on Tuesday as traders digested better-than-expected factory activity data.

Shopify and Etsy

-1.72%

The stocks gained 6.2% and 15.8%, respectively, on Monday after OpenAI announced an instant checkout rollout as part of its new “Buy it in ChatGPT” feature. Oppenheimer said Shopify could capture incremental GMV share as “agentic commerce” expands, aided by the ChatGPT integration. While direct monetization may be limited since checkout runs through Stripe, transactions still flow through merchants’ stores, with future potential for Shop Pay integration. Meanwhile, BTIG raised its price target on Etsy to $81, calling the OpenAI partnership a “landmark” step that positions the company at the forefront of agentic commerce. Etsy also announced plans to move its listing to the NYSE, effective October 13.

SHOP, ETSY

Alphabet Inc (GOOGL)

-0.23%

The Economic Daily reported that the company is developing an Android-based AI PC project, with the first devices expected to launch in 2026. The PCs will integrate Gemini and Google Assistant, aiming to merge Android with PC hardware and extend beyond Chromebooks. Separately, Alphabet-owned YouTube agreed to settle a lawsuit with President Donald Trump for $24.5 million; the lawsuit concerned the suspension of Trump’s YouTube account.

Nuclear Stocks

-2.14%

Trading lower as a group after Bank of America downgraded both Oklo and NuScale. The analyst downgraded Oklo from Buy to Neutral while raising its price target from $92 to $117; NuScale, meanwhile, was downgraded to Underperform from Neutral and had its price target cut to $34. Bank of America noted long-term optimism about the nuclear space but cited near-term valuation concerns as reasons for the downgrades.

OKLO, SMR, NNE

Celsius Holdings Inc (CELH)

+4.13%

Trading sharply higher premarket following an upgrade from Morgan Stanley. The analyst upgraded the stock to Overweight from Equal-Weight and raised its price target to $70 from $61, citing stronger-than-expected scanner and topline growth, easier comps ahead, and benefits from its Pepsi partnership and captaincy agreement. Morgan Stanley sees continued upside for the stock despite a recent pullback, expecting CELH to outperform consensus on revenue and EBITDA through FY26/27 in a favorable pricing environment.

QuantumScape Corp (QS)

+5.82%

Trading sharply higher premarket after entering into a partnership with Corning. The companies are teaming up to develop ceramic separator manufacturing capabilities for QuantumScape’s solid-state batteries, aiming to enable high-volume commercial production. The collaboration leverages Corning’s expertise in ceramics and QS’s battery technology to accelerate industrialization of next-gen energy storage.

Wolfspeed Inc (WOLF)

+16.47%

The company has emerged from Chapter 11 bankruptcy after reducing its total debt by nearly 70% and cutting annual cash interest expenses by about 60%, securing enough liquidity to continue supplying silicon carbide chips. The company also expanded its board with five new directors, including executives from Micron and Corning. Approximately 32.65% of the stock’s float is sold short.

Beneficient (BENF)

+76.96%

Gapping up after its Q4 2025 earnings report. The company reported losses of $0.06 per share and sales of -$30.963 million. Quarterly operating expenses decreased by 91% year-over-year. Beneficient has a market capitalization of $3.17 million and a float of 7.2 million shares.