Palantirs AI Growth, Nikes New Tech, and Sonys VR Expansion Highlight Market Movements

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed three insider transactions on July 22, 2024, including CFO Glazer David A. selling 90,000 shares on July 18, 2024. Wedbush analysts are optimistic about Palantir Technologies' AI-driven profitability growth. In 2023, the company's revenue grew 16.75% to $22.25 billion, with commercial customer revenue up 20.23%.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. William Blair upgraded Block to Outperform. Deutsche Bank maintained a Buy rating on Block with a price target of $98. Block disclosed insider trades on July 10 and 17, 2024, involving executives selling shares.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Goldman Sachs maintains a Buy rating on Vertiv Holdings but lowers the price target to $104. Vertiv Holdings reported its Second Quarter fiscal 2024 results on July 24, 2024, and continues to lead China's UPS market, ranked first for the 16th consecutive year.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. TD Cowen maintains a hold rating on NIKE and lowers the price target to $71. NIKE introduces the new "Electro" series on July 24, focusing on athletes' needs with updated Air technology and vibrant color combinations. NIKE faces a brand crisis from a controversial ad featuring a female athlete licking a ping-pong paddle.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony PS VR2 PC application will launch on Steam in August, enabling players to enjoy VR games and applications with PSVR2 headset and Sense controllers. Sony's game "Concord" will avoid microtransactions. The "α7V" camera is set for a 2025 release.