Market Dips: Palantir Revenue Rises, Sony to Hike Prices, Nike in Beijing Talks

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir reported revenue of $22.25 billion in 2023, up 16.75%. Commercial customer revenue grew 20.23% to approximately $10.03 billion, driven by AIP platform's Bootcamp. Palantir insider Lauren Elaina Friedman sold 5,500 shares on July 15, 2024. Mizuho downgraded Palantir to "Underperform" with a $22 target price.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. William Blair upgraded Block to outperform. Deutsche Bank maintained its Buy rating with a new price target of $98. Block reported Q1 2024 revenue of $5.957 billion, up 19.38% year-over-year. High-level executives Esperanza Chrysty and Ahuja Amrita sold shares in July 2024.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings Co. reported a trading value of $1.089 billion on July 17, 2024, marking a significant increase from the previous day. The company is pioneering advancements in AI-driven research innovation.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Top executives from major U.S. companies including Nike, Goldman Sachs, and Starbucks will visit Beijing next week for high-level meetings coordinated by the U.S.-China Business Council. FedEx CEO Raj Subramaniam and Council President Craig Allen will lead the delegation.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony will increase prices of various electronics in Japan by approximately 10% starting August 1, due to rising costs. This includes TVs, cameras, and headphones. Additionally, Sony and Apple have launched a free Apple TV+ trial for PS5 and PS4 users until September 22.