Palantir Jumps 11% on Strong Q2 Earnings Fueled By AI Demand: Why It’s Not Quite Time to Buy PLTR
Shares of Palantir Technologies (PLTR) are up more than 11% Tuesday on the heels of an impressive second-quarter performance. The company shoved it to the naysayers with 27% growth in revenue amidst “relentless AI demand”. Adjusted earnings per share came in just above analyst expectations at $0.09 compared to $0.08. Net income of $134 million was a massive improvement [...]
Amazon’s Earnings and AI Stance Have Analysts Excited, But VectorVest Says to SELL AMZN Today
Amazon (AMZN) reported second-quarter earnings and spoke on its growing AI business, which was enough for some analysts to stand by their price targets. But as the stock continues to fall, VectorVest sees reason to consider selling it today. The online marketplace reported revenue of $147.98 billion, just short of the $148.56 billion consensus but still up 10% year [...]
VITAL TO YOUR SUCCESS
Written by: Angela Akers The Federal Reserve ended their July meeting Wednesday with an announcement that interest rates would remain at current levels. While this move was expected, what investors really wanted to know was when/if and how many cuts we could see this year and the Fed delivered. In the news conference following the meeting, Fed Chairman Jerome [...]
Weekly Market Recap: Tech Tumbles and Fed Hopes Define Volatile Week
Monday: The trading week kicked off with mixed results across major U.S. indexes as investors took a cautious stance ahead of key earnings reports and the Federal Reserve meeting. The Dow slightly declined by 0.1%, while the S&P 500 and Nasdaq each edged up by 0.1%. Tuesday: Despite broader gains that boosted the Dow by 0.5%, a sharp downturn [...]
Exxon Inches Further Away From Competitors in Q2, But it May Not Be Time to Buy XOM Yet
Exxon Mobil (XOM) reported its second-quarter earnings results that easily surpassed analyst expectations thanks to unprecedented production in the Permian Basin and Guyana. The $9.2 billion in earnings worked out to $2.14 per share for Exxon, a 17% improvement year over year. This was well ahead of the $2.02 analysts were expecting. The performance in Q2 shows that the [...]
Meta’s Q2 Results and Outlook Send Shares Higher: 3 Other Reasons It’s Time to Buy This Stock
The Facebook parent company Meta (META) reported second-quarter earnings results that came in well above analyst expectations, sending shares climbing 5% higher so far Thursday morning. Here’s how the company fared: Earnings: $5.16 per share compared to $4.80 consensus Revenue: $39 billion compared to $38.3 billion consensus This worked out to a 73% and 22% improvement in earnings and [...]
