Palantir, The Trade Desk, Tilray, Sonnet Biotherapeutics, and Tesla: Top Stocks on Investors' Radar

U.S. stocks traded mostly flat on Monday as investors reacted to President Donald Trump's announcement of a 30% tariff on all imports from the EU and Mexico. Palantir Technologies surged 4.96%, The Trade Desk gained 0.07%, Tilray Brands climbed 13.14%, Sonnet BioTherapeutics surged 86.46%, and Tesla rose 1.08%. The stocks were driven by recent positive developments and analyst outlook.

U.S. stocks traded mostly flat on Monday, July 2, 2025, as investors reacted to President Donald Trump's announcement of a 30% tariff on all imports from the European Union (EU) and Mexico. The tariffs, set to take effect on August 1, were announced in letters to European Commission President Ursula von der Leyen and Mexico’s President Claudia Sheinbaum, according to Bloomberg [1].

The market reaction was mixed, with the EUR/USD trading 0.26% lower on the day at 1.1674. German Chancellor Friedrich Merz indicated that he will work closely with French President Emmanuel Macron and von der Leyen to resolve the escalating trade dispute with the U.S. [1].

Despite the tariff announcement, several U.S. stocks saw positive movements. Palantir Technologies surged 4.96%, driven by recent positive developments and analyst outlook. The Trade Desk gained 0.07%, Tilray Brands climbed 13.14%, Sonnet BioTherapeutics surged 86.46%, and Tesla rose 1.08% [2].

Palantir Technologies, known for its data-analytics and AI software, saw a significant rally following the release of a revolutionary new platform, "Palantir Nexus." This platform is described as the world's first "Autonomous Enterprise AI," capable of integrating a company's entire data ecosystem and running autonomous simulations to forecast future outcomes [2].

The surge in Palantir's stock price was also fueled by a highly influential research note from a tech-focused investment firm, which declared that Nexus represented a "paradigm shift" in enterprise software [2]. The stock's Price-to-Earnings (P/E) ratio, which stood at 607.54, reflects the high valuation investors are willing to place on the company's potential [2].

In contrast, the tariff announcement from President Trump could have broader implications for the U.S. economy and global trade dynamics. While some argue that tariffs are necessary to protect domestic industries and address trade imbalances, others see them as a harmful tool that could drive prices higher and lead to a damaging trade war [1].

References:
[1] https://www.fxstreet.com/news/us-president-donald-trump-hits-eu-and-mexico-with-a-30-tariff-starting-on-august-1-bloomberg-202507132249
[2] https://thekhabrilal.com/?p=209090