Tech Giants Tumble: Palantirs Potential, Blocks Growth, and Sonys Innovations Shine
Tuesday, Oct 15, 2024 6:00 pm ET
1min read JEF --
PLTR --
1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Jefferies' survey reveals institutional investors' allocation in software stocks hit a record low of 19% in 2024. Palantir disclosed insider transactions on October 7 and 8, with executives acquiring significant shares. Ark Invest anticipates Palantir's potential to disrupt major tech firms.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block's revenue for H1 2024 was $12.113 billion, up 15.08% year-over-year. BMO Capital maintained an outperform rating with a target price of $92. Multiple Form 4 filings indicated changes in beneficial ownership, and a Form 144 reported a proposed securities sale.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. B of A Securities, Oppenheimer, Evercore ISI Group, and Jefferies all maintain positive ratings on Vertiv Holdings, with price targets ranging from $115 to $130. Vertiv reported a 10.34% revenue increase to $35.92 billion for 2024.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike appointed Dong Wei as Chairperson and CEO of Greater China, also leading the ACG brand globally. This expands her leadership roles, having joined Nike in 2005 and previously serving as Global VP and Greater China General Manager.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony announced the launch of a limited edition 30th Anniversary PlayStation 5, available for pre-order on October 17 in China, with a global release on November 21, 2024. Additionally, Sony unveiled a new accessibility patent for real-time sign language in gaming.
Palantir Technologies dipped mildly by -2.55%. Jefferies' survey reveals institutional investors' allocation in software stocks hit a record low of 19% in 2024. Palantir disclosed insider transactions on October 7 and 8, with executives acquiring significant shares. Ark Invest anticipates Palantir's potential to disrupt major tech firms.
2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block's revenue for H1 2024 was $12.113 billion, up 15.08% year-over-year. BMO Capital maintained an outperform rating with a target price of $92. Multiple Form 4 filings indicated changes in beneficial ownership, and a Form 144 reported a proposed securities sale.
3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. B of A Securities, Oppenheimer, Evercore ISI Group, and Jefferies all maintain positive ratings on Vertiv Holdings, with price targets ranging from $115 to $130. Vertiv reported a 10.34% revenue increase to $35.92 billion for 2024.
4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike appointed Dong Wei as Chairperson and CEO of Greater China, also leading the ACG brand globally. This expands her leadership roles, having joined Nike in 2005 and previously serving as Global VP and Greater China General Manager.
5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony announced the launch of a limited edition 30th Anniversary PlayStation 5, available for pre-order on October 17 in China, with a global release on November 21, 2024. Additionally, Sony unveiled a new accessibility patent for real-time sign language in gaming.