Tech Titans and Rising Giants: Market Movers and Strategic Partnerships Propel Growth

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies surged by 23.52%. Palantir Technologies Inc.'s Q3 2024 revenue exceeded expectations at $7.26 billion, driven by high demand for AI software in the U.S. The company raised its full-year revenue forecast and reported a net income of $1.44 billion.

2. Cummins (NYSE: CMI)
Cummins surged by 8.85%. Cummins and Dongfeng collaborate to establish an engine venture in Liuzhou. Cummins unveils new 2.5L and 3.0L light-duty engines. The company is also enhancing Beijing’s heavy truck operations with its 15N natural gas engine amidst preparations to announce its Q3 2024 financial results.

3. Emerson Electric (NYSE: EMR)
Emerson Electric surged by 7.17%. Emerson Electric proposes acquiring remaining shares of Aspen Technology for $240 each to transform its portfolio and focus on industrial automation. Additionally, Stephens & Co. downgraded Emerson Electric to Equal-Weight, lowering the price target to $120.

4. Apollo Global Management (NYSE: APO)
Apollo Global Management surged by 7.04%. Apollo Global Management aims to double its Asia-Pacific private wealth staff within two to three years, targeting assets from affluent clients. UBS, Morgan Stanley, and Wells Fargo have maintained their ratings with target prices of $150.00, $137.00, and $149.00, respectively.

5. Ge Vernova (NYSE: GEV)
Ge Vernova surged by 6.81%. GE Vernova reported its Q3 2024 results, recording significant upgrades from Daiwa Capital and Deutsche Bank to "Buy" with raised price targets. Morgan Stanley, Evercore ISI Group, and B of A Securities maintain favorable ratings with increased price targets.