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

0815 - ADP employment change for August: Expected 145k; Prior 122k
0830 - Initial jobless claims: Expected 230k; Prior 231k
0945 - S&P services PMI (final) for August: Expected 55.1; Prior 55.2
1000 - ISM services PMI for August: Expected 51.4; Prior 51.4

Tesla Inc (TSLA)

+2.43%

Trading higher premarket after announcing plans to launch its full self-driving (FSD) software in Europe and China by Q1 2025, pending regulatory approval. The company also intends to unveil its robotaxi product on October 10th. These developments follow years of offering a limited FSD subscription in China, as well as reported discussions by CEO Elon Musk in Beijing about the FSD rollout.

NVIDIA Corp (NVDA)

+0.47%

On watch after a company spokesperson stated that Nvidia has not been subpoenaed by the U.S. Department of Justice regarding an antitrust investigation, contradicting a Bloomberg report to that effect. Bloomberg clarified on Wednesday that the DoJ sent Nvidia a civil investigative demand, sometimes referred to as a subpoena, to request further information from the company. During the statement, the company’s spokesperson noted that Nvidia has been in contact with the DOJ and emphasized Nvidia’s commitment to fair competition and willingness to cooperate with regulators.

C3.ai Inc (AI)

-19.63%

Gapping down after its earnings report for fiscal Q1 2025. The company reported losses of $0.05 per share, narrower than the expected loss of $0.13, with sales of $87.21 million exceeding estimates of $86.94 million. Subscription revenue, which comprised 84% of Q1 2025 revenue, rose by 20% on a year-over-year basis to $73.5 million but missed estimates of $79.1 million. C3.ai guided revenue between $370 million and $395 million for fiscal 2025, compared to analyst estimates of $383 million.

Alphabet Inc (GOOGL)

+0.06%

On watch after an adviser to Europe's top court supported Italy's antitrust authority and upheld a decision against the company, suggesting that Google's refusal to allow Enel's e-mobility app, JuicePass, access to its Android Auto platform could violate competition laws. The Italian watchdog previously fined Google €102 million in 2021 for allegedly favoring Google Maps over JuicePass on Android Auto, which integrates apps for navigation and communication in car dashboards.

NIO Inc (NIO)

+3.54%

Trading higher premarket following its earnings reported. Adjusted losses of $0.30 per share were slightly narrower than the expected 31-cent loss, while sales of $2.4 billion missed estimates of $2.44 billion. The company reported a 143.9% year-over-year increase in Q2 deliveries to 57,400 vehicles and projected the delivery of 61,000 to 63,000 vehicles for Q3. Nio guided Q3 revenue between $2.63 billion and $2.707 billion, beating estimates of $2.54 billion.

AstraZeneca PLC (AZN)

-2.08%

Trading lower premarket following the detainment of five current and former AstraZeneca employees for questioning regarding possible illegal activities. The detainment, initially reported by Bloomberg, has been confirmed by a company spokesperson via an email to CNBC.

Hewlett Packard Enterprise Co (HPE)

-3.04%

Trading lower premarket after reporting earnings for fiscal Q3 2024. Earnings of $0.50 per share and sales of $7.71 billion exceeded expectations of $0.47 and $7.66 billion, respectively. The company reported a 35% year-over-year increase in server revenue for the quarter, though its Intelligence Edge revenue dropped by 23%. Hewlett Packard guided Q4 earnings between $0.52 and $0.57 per share, compared to estimates of $0.55, and projected quarterly revenue between $8.1 billion and $8.4 billion, compared to estimates of $8.17 billion.

Jetblue Airways Corp (JBLU)

+6.36%

Trading sharply higher premarket after providing an update on its guidance and operations. The airline raised its Q3 revenue growth guidance to between -2.5% and 1%, compared to its previous forecast of -5.5% to -1.5%, and expects its capacity growth to be flat for 2025. JetBlue also noted year-over-year improvements in operational performance during the 2024 summer travel season.

Eastside Distilling Inc (EAST)

+276.27%

Gapping up after announcing a merger agreement with Beeline Financial Holdings, a private mortgage technology firm. The strategic merger follows a two-year review of Eastside's business portfolio aimed at enhancing stakeholder value and driving growth. The stock has a market capitalization of $1.34 million and a float of 1.55 million shares.