Stocks Soar: Kenvue, Uber, and Palantir Lead the Market Rally

1. Kenvue (NYSE: KVUE)
Kenvue surged by 14.62%. Kenvue reported second-quarter fiscal 2024 results with revenue of $4 billion and earnings per share of $0.32, both surpassing market expectations. Organic sales increased by 1.5%, driven by price rises. Deutsche Bank and JP Morgan maintain their buy ratings on Kenvue.

2. Uber Technologies (NYSE: UBER)
Uber Technologies surged by 10.88%. Uber's Q2 net profit surpassed $1 billion, a 158% increase YoY. Uber's Q2 revenue rose 16% to $10.7 billion, exceeding market expectations. Uber and BYD formed a strategic partnership to introduce 100,000 electric vehicles in key markets globally.

3. Palantir Technologies (NYSE: PLTR)
Palantir Technologies surged by 10.38%. Palantir reported Q2 2024 revenue of $1.312 billion and a net profit exceeding analyst expectations. Raymond James maintains an Outperform rating with a $30 target. RBC Capital and Deutsche Bank reiterate Underperform and Sell ratings with $9 and $21 targets, respectively. Palantir disclosed insider transactions on August 5.

4. Royal Caribbean Cruises Ltd. (NYSE: RCL)
Royal Caribbean Cruises Ltd. surged by 7.59%. Royal Caribbean Cruises revealed insider transactions: Holtz Naftali bought 5,350 shares on August 2, and Fain Richard D sold 19,300 shares on July 30. Tigress Financial, UBS, and Macquarie maintain a buy rating with updated price targets of $210.00, $183.00, and $189.00, respectively.

5. Constellation Energy (Nasdaq: CEG)
Constellation Energy surged by 6.51%. Constellation Energy will report its second quarter financial results of fiscal 2024 before the market opens on August 6, 2024. Constellation Energy declared a dividend of $0.3525 per share. Morgan Stanley maintains an Overweight rating and UBS maintains a Buy rating, raising price targets to $241 and $249, respectively.