Stock Market Shifts: Palantirs Growth, Blocks Cash App Expansion, and Sonys New Challenges
Wednesday, Nov 6, 2024 5:00 pm ET
1min read 1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir Technologies announced Q3 2024 earnings with revenue of $2.038 billion, a 26.06% year-over-year increase. Close to $5.8 billion in stock sales are planned by four executives by March 2026. DA Davidson and Mizuho maintain ratings with target prices at $47 and $37, respectively.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. RBC Capital reiterated an outperform rating for Block, setting a target price at $88. Block collaborates with Lyft to enable Cash App payments for rides. Citigroup placed Block on a 30-day negative catalyst watchlist due to potential risks in its 2025 guidance.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings' Q3 2024 revenue reached $56.65 billion with net income of $3.49 billion, a 53.25% increase year-on-year. Analysts maintain strong ratings: TD Cowen's target at $115, Evercore ISI Group at $135, Mizuho at $125, and B of A Securities at $140.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike faces quality complaints over women's shoes sold in Li Jiaqi's livestream as multiple consumers report issues like glue overflow and stitching problems. Nike offers refunds and acknowledges potential warehouse oversights without further comment on additional actions.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony's PlayStation 5 Pro received a "7/Good" rating from IGN, highlighting its impressive features, though potential buyers should consider if it's worth $700. Additionally, Sony will cease production of the Airpeak S1 drone and its accessories by March 31, 2024.
Palantir Technologies dipped mildly by -2.55%. Palantir Technologies announced Q3 2024 earnings with revenue of $2.038 billion, a 26.06% year-over-year increase. Close to $5.8 billion in stock sales are planned by four executives by March 2026. DA Davidson and Mizuho maintain ratings with target prices at $47 and $37, respectively.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. RBC Capital reiterated an outperform rating for Block, setting a target price at $88. Block collaborates with Lyft to enable Cash App payments for rides. Citigroup placed Block on a 30-day negative catalyst watchlist due to potential risks in its 2025 guidance.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings' Q3 2024 revenue reached $56.65 billion with net income of $3.49 billion, a 53.25% increase year-on-year. Analysts maintain strong ratings: TD Cowen's target at $115, Evercore ISI Group at $135, Mizuho at $125, and B of A Securities at $140.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike faces quality complaints over women's shoes sold in Li Jiaqi's livestream as multiple consumers report issues like glue overflow and stitching problems. Nike offers refunds and acknowledges potential warehouse oversights without further comment on additional actions.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony's PlayStation 5 Pro received a "7/Good" rating from IGN, highlighting its impressive features, though potential buyers should consider if it's worth $700. Additionally, Sony will cease production of the Airpeak S1 drone and its accessories by March 31, 2024.
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