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

AInvestThursday, Jul 18, 2024 6:00 pm ET
1min read
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.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.