Palantir Shines with 20.78% Revenue Growth Amid Market Dips

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Wedbush reaffirms an Outperform rating on Palantir Technologies. Citigroup and Jefferies maintain Neutral and Hold ratings respectively, both raising the price target to $28. Palantir's Q1 2024 revenue reached $634 million, up 20.78%.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block reported Q2 fiscal 2024 results with adjusted EBITDA of $7.59 billion, exceeding analyst expectations of $6.857 billion. Net income for the first half of fiscal 2024 reached $6.61 billion. Block's Q2 net revenue was $61.6 billion, below analyst estimates of $63.1 billion.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. On July 31, 2024, Vertiv Holdings CFO Fallon David Joseph bought 952 shares. The company reported H1 2024 revenue of $35.92 billion and net profit growth of 28.99%. Goldman Sachs maintained a buy rating with a target price of $104.00.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Adidas reported Q2 2024 revenue of €5.82 billion, up 9% YoY, operating profit €350 million. Anta and Adidas compete at the Paris Olympics. Nike's 2024 annual report shows a revenue of $51.362 billion and net profit of $5.7 billion.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony's acquired subsidiary Bungie undergoes significant layoffs after a $3.6 billion acquisition, attributed to burdens from old games and new projects. Bungie's CEO is reported to have spent millions on classic cars.