S&P 500 Earnings Growth Rests On These 5 Magnificent Seven Stocks
S&P 500: Positive Q1 earnings growth for the S&P 500 rests on these five Magnificent Seven stocks, including Alphabet, Meta and Microsoft, which report this week.
(Bloomberg) -- Palantir Technologies Inc. shares slid in extended trading on Monday as the market appeared unimpressed by the company’s outlook for annual sales after the stock has tripled in the past year.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’At $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeEx-Trump Controller Says Cohen Repaid From Personal AccountS&P 500 Extends Gains in Fin
A bigger COLA may sound great, but it has some big drawbacks for retirees too.
Palantir followed up its “bombastic” December quarter with even better results for the March quarter as the data analytics software company continued to gain traction with its artificial intelligence tools in particular with U.S. commercial customers. Palantir shares, which rallied 8.1% in Monday’s regular session, was off about 4 % in after-hours trading. For the March quarter, Palantir posted revenue of $634 million, up 21% from a year ago, and ahead of both the company’s guidance range of $612 million to $616 million and Wall Street’s consensus of $615 million as tracked by FactSet.
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The last inflation report, which came in worse than expected, had investors worried about the Federal Reserve’s plans for interest rates this year. The central bank held rates steady in its most recent decision, cooling fears that a hike is in the offing. When combined with moderate gains in the Q1 earnings reports, it makes sense that we saw stocks rebounding as confidence in the market was restored. However, according to JPMorgan’s chief market strategist Marko Kolanovic, we’re not out of the
Inflation is set for a dramatic decline that will pave the way for Fed rate cuts, Fundstrat's Tom Lee said.
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General Electric officially split into GE Aerospace and GE Vernova in April. GE Aerospace now trades at its best level since the 2008 meltdown.
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