Gas pumps sit empty at an Exxon gas station in Charlotte, North Carolina on May 12, 2021. LOGAN CYRUS | AFP | Getty Images Check out the companies making headlines in midday trading Tuesday. Exxon Mobil – Shares of Exxon Mobil jumped 5.5% after Credit Suisse upgraded them to outperform from neutral and said they … Read more
Here are Tuesday’s biggest calls on Wall Street: Morgan Stanley downgrades Adobe to equal weight from overweight Morgan Stanley said it sees slowing earnings per share growth for Adobe. “Beyond Seasonality – Expecting Structurally Slower EPS Growth Ahead; Downgrade to Equal-weight.” UBS downgrades Boston Beer, Keurig Dr. Pepper and Molson Coors to neutral from buy … Read more
The shine has come off of Palantir in recent months, but the defense tech company’s growth prospects are still strong, according to Bank of America. Analyst Mariana Perez Mora initiated coverage of Palantir with a buy rating, saying that investors are undervaluing the demand growth for artificial intelligence. “We see Palantir as a beneficiary of … Read more
A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, US, on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Peloton – Shares tumbled 12% after the equipment maker disclosed it’s piling up excess inventory and burning … Read more
Here are the biggest calls on Wall Street on
Peter Thiel, co-founder and chairman of Palantir Technologies Inc., pauses during a news conference in Tokyo, Japan, on Monday, Nov. 18, 2019. Kiyoshi Ota | Bloomberg | Getty Images Check out the companies making headlines in midday trading Monday. Palantir – Shares of the software company dropped more than 18% after Palantir’s first-quarter earnings came … Read more
Palantir Technologies CEO Alex Karp arrives at the “Tech for Good” Summit in Paris, France May 15, 2019. Charles Platiau | Reuters Shares of Palantir plunged more than 20% on Monday after the company issued a weaker-than-expected revenue outlook and missed on the bottom line in its first-quarter results. Here are the key numbers: Earnings … Read more
Take a look at some of the biggest movers in the premarket: Palantir Technologies (PLTR) – The company’s data analytics software shares plunged 15.1% in premarket trading after posting a mixed quarter. Palantir reported profit of 2 cents per share, compared to a 4 cents a share consensus estimate. Revenue was higher than expected, however, … Read more
Traders on the floor of the NYSE, March 28, 2022. Source: NYSE After a week of extraordinary turbulence, stocks are likely to remain volatile as investors await fresh data on inflation and watch the course of bond yields. The big report for markets is Wednesday’s April consumer price index. Economists expect a high inflation reading, … Read more
Peter Thiel has properties all over the world but a proposed luxury lodge in New Zealand may not come to fruition. Marco Bello | Getty Images The future of Peter Thiel’s luxury lodge on New Zealand’s South Island hangs in the balance after a senior planner for the local council said the tech billionaire’s development … Read more