Market Dips: Insider Sales, Partnerships, and Upgrades Shape Q3 Outlook

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Northland Capital Markets initiated coverage on Palantir with a Market Perform rating and a $35.00 price target. On August 20, 2024, Palantir disclosed two insider transactions, including Taylor Ryan D. selling 160,000 shares on August 16.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block disclosed an insider transaction on August 15, 2024, where executive Dale Ajmere sold 500 shares on August 13, 2024.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported 2024 H1 revenue of $3.592 billion, up 10.34% year-over-year, with a net profit of $172 million and EPS of $0.46. Evercore ISI Group maintains Outperform rating with a $105 target. Mizuho upgrades Vertiv Holdings to Outperform, revising the target to $92.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. LEGO Group and Nike Inc. have announced a multi-year partnership to promote creativity, play, and physical activity for children and families worldwide. This collaboration aims to inspire, engage, and empower kids through play, beginning next year.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sharp's latest quarter earnings dropped 1.7% to 531.9 billion yen, mainly due to underperforming LCD business. Nintendo and Sony's gaming consoles, Switch and PlayStation 5, face challenges in China due to limited game approvals. Sony launched two 4K cameras, PXW-Z200 and HXR-NX800, featuring AI capabilities.