Market Dips: Palantir Joins S&P 500, Blocks New Partnership, Vertivs Growth

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir Technologies, a data analysis provider for enterprises and governments, was added to the S&P 500 in September. Despite notable successes in AI, analysts express skepticism about the sustainability of its stock rally, with Mizuho maintaining an underperform rating and setting a $30 price target.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. RBC Capital reiterates its Outperform rating for Block with a target price of $88. Citigroup lists Block as a negative catalyst watch but maintains a Buy rating. Block partners with Lyft to enable Cash App Pay for seamless in-ride payments. BMO Capital maintains an Outperform rating with a $92 target.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported Q3 2024 revenue of $20.74 billion, up 19% year-over-year, with net income of $1.77 billion, an 88% increase. Analysts maintained positive ratings with price targets between $115-$140. Organic orders grew 17% year-over-year, showing consistent growth.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike's revenue dropped 10% with a 28% net profit decline. Greater China sales decreased by 3%, prompting leadership changes. Additionally, Nike extended its partnership with the NBA, WNBA, and NBA G League to enhance its position in global basketball.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony's "Venom: Let There Be Carnage" achieved the highest Marvel film debut since 2019, accumulating 3.28 billion in box office revenue, with Chinese comedian Jia Bing voicing Venom in the Mandarin version. Sony announced this film as the final chapter of the "Venom" series.