Market Shifts: Key Moves in Tech, Retail, and Auto Giants!
Tuesday, Oct 22, 2024 6:00 pm ET
1min read 1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Mizuho maintains an "Underperform" rating for Palantir with a price target of $30. Palantir disclosed insider trades, including a sale by director Lauren Elaina Friedman on October 11 and a purchase by executive Taylor Ryan D. on October 4.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. RBC Capital reiterates an Outperform rating for Block with a $88 target price. Citigroup places Block on a 30-day negative catalyst watch but maintains a Buy rating. Block partners with Lyft to offer Cash App Pay for rides. BMO Capital maintains an Outperform rating with a $92 target.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings is set to release its Third Quarter 2024 financial results on October 23. Mizuho, B of A Securities, Oppenheimer, and Evercore ISI Group have maintained positive ratings on Vertiv Holdings, adjusting price targets to $110, $130, $115, and $125, respectively.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike has extended its global partnership with the NBA, WNBA, and NBA G League for 12 years, reinforcing its leadership in basketball. Additionally, Apple CEO Tim Cook, a key Nike board member, has been instrumental during Nike's challenging times amid competition and declining sales.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony and Honda will introduce AI-assisted driving features in their jointly developed EVs, with plans for a high-end EV, "Afeela," launching in Japan and the US by 2026.
Palantir Technologies dipped mildly by -2.55%. Mizuho maintains an "Underperform" rating for Palantir with a price target of $30. Palantir disclosed insider trades, including a sale by director Lauren Elaina Friedman on October 11 and a purchase by executive Taylor Ryan D. on October 4.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. RBC Capital reiterates an Outperform rating for Block with a $88 target price. Citigroup places Block on a 30-day negative catalyst watch but maintains a Buy rating. Block partners with Lyft to offer Cash App Pay for rides. BMO Capital maintains an Outperform rating with a $92 target.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings is set to release its Third Quarter 2024 financial results on October 23. Mizuho, B of A Securities, Oppenheimer, and Evercore ISI Group have maintained positive ratings on Vertiv Holdings, adjusting price targets to $110, $130, $115, and $125, respectively.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike has extended its global partnership with the NBA, WNBA, and NBA G League for 12 years, reinforcing its leadership in basketball. Additionally, Apple CEO Tim Cook, a key Nike board member, has been instrumental during Nike's challenging times amid competition and declining sales.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony and Honda will introduce AI-assisted driving features in their jointly developed EVs, with plans for a high-end EV, "Afeela," launching in Japan and the US by 2026.
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.
