Reported 4 months ago
Palantir's stock has skyrocketed by 1,000% over the last three years, following impressive earnings that showcased a 39% revenue increase to $883.9 million. Despite significant growth and gaining membership in the S&P 500, the company's high valuation, with a price-to-sales ratio of 82.4, raises concerns about its sustainability. Analysts speculate that for Palantir to hit a market cap of $1 trillion by 2030, it would need to grow its revenue substantially, reaching at least $40 billion amidst uncertainty in overall market conditions.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Representative Nicole Malliotakis from Staten Island supports raising the state and local tax deduction (SALT) cap from $10,000 to $30,000, arguing it would alleviate the tax burden for most families in her district. This proposal, however, has sparked internal conflict among Republicans regarding the appropriate level of the SALT deduction, with some advocating for a higher limit while others reject the idea. The debate is crucial as it ties into broader tax and spending legislation that House Republicans need to navigate in light of their slim majority.
Source: YAHOO
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
McKesson's stock rose 0.5% after the company reported a 19% year-over-year revenue increase to $90.8 billion for Q4 of fiscal 2025, along with a 15% rise in adjusted net profit. Despite strong growth, results were mixed as they fell short of analyst expectations. CEO Brian Tyler highlighted the core distribution and oncology platform's strength, while announcing plans to spin off its medical-surgical solutions unit into a new independent company. McKesson set optimistic guidance for adjusted net income for fiscal 2026.
Source: YAHOO
Reported 4 months ago
The latest energy market assessment highlights a significant discrepancy between supply and demand expectations, with supply forecasts remaining high while demand remains low. The recent price drop for WTI crude oil, falling below $60, is attributed to OPEC+'s decision to increase production and prevailing economic uncertainty, including inflation and recession fears. Although U.S. crude oil inventory has declined to multi-year lows, the bearish sentiment surrounding oil prices suggests potential for further price drops unless refinery output ramps up to meet summer fuel needs.
Source: YAHOO
Reported 4 months ago
Twilio's stock has shown impressive recovery, primarily driven by its integration of AI tools into its cloud communications platform, resulting in a significant earnings growth. With a projected revenue increase and a robust customer base of over 335,000, analysts expect Twilio's stock price to rise, potentially reaching $134 by the end of 2025. The company’s focus on AI offers promising growth prospects, making it a compelling investment opportunity in the tech sector.
Source: YAHOO
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
Bain Capital is reportedly in negotiations to acquire PCI Pharma Services, a contract drug manufacturer, for a valuation of $10 billion. The discussions involve PCI's current investors, including Kohlberg & Co, Mubadala Investment Co, and Partners Group Holding AG, for a majority stake in the Philadelphia-based company that specializes in the filling and packaging of syringes and injection pens for drugmakers. Bain has also been reaching out to potential co-investors to help finance the equity portion of the deal.
Source: YAHOO
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
Cleveland Federal Reserve President Beth Hammack emphasized the need for clear economic data before making decisions on interest rates, highlighting uncertainties surrounding President Trump's tariff policies. She noted that the current absence of significant data until June and the complex impacts of trade policies create challenges for accurately assessing the economy's trajectory. While the job market remains strong, potential risks related to new tariffs could lead to changes in unemployment and inflation. Hammack advocates for a cautious approach, allowing time for data to clarify the situation.
Source: YAHOO
Reported 4 months ago
Alarm.com Holdings reported a strong first-quarter performance, with revenue increasing by 7% year-over-year to nearly $239 million, surpassing analyst expectations. The company's adjusted net income also rose to $38.5 million, exceeding predictions. In response to the positive earnings report and new product launches, including an AI security camera, Alarm.com's stock saw a modest increase of over 1%, outperforming the S&P 500's slight decline.
Source: YAHOO
Reported 4 months ago
Palantir Technologies (PLTR) stock fell 1.6% on Friday and saw a 5.6% drop for the trading week amid investor concerns regarding its high valuation. After a significant 12% decline on Tuesday following a disappointing earnings report, Palantir shares briefly rebounded but still ended the week below their previous levels. Analysts caution that Palantir's valuation, at 80 times expected revenue for 2025, presents risks, and while the company has experienced substantial growth, any signs of underperformance or competition could lead to even greater volatility in its stock price.
Source: YAHOO
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
On Friday, Ethereum saw a significant increase of over 13%, outperforming Bitcoin and other cryptocurrencies. This surge was fueled by a general sense of recovery in the American economy, a recent technology upgrade to the Ethereum blockchain called the Pectra upgrade, and Coinbase's introduction of 24/7 trading for Bitcoin and Ethereum futures. The combination of these factors not only boosted Ethereum but also positively impacted associated tokens and investment vehicles within its ecosystem.
Source: YAHOO
Reported 4 months ago
US aviation officials and airlines are set to meet to discuss potential reductions in flights at Newark Airport due to recent radar system failures.
Source: YAHOO
Reported 4 months ago
Leslie Falconio, Head of Taxable Fixed Income Strategy at UBS Global Wealth Management, forecasts that the 10-year yield will end the year between 4-4.25%. In a discussion on 'Real Yield,' she emphasizes that bonds can serve as effective diversifiers if selected wisely.
Source: YAHOO
Reported 4 months ago
World markets displayed cautious stability this week with the Trump administration potentially initiating a series of trade deals, leading to a recovery in major indices like the S&P 500. Optimism around the upcoming US-China talks in Geneva was evident, despite lingering concerns about tariffs, which are expected to remain significantly higher than before Trump's presidency. As investors weigh the implications, attention turns to how these negotiations will affect market dynamics moving forward.
Source: YAHOO
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
Utility stocks have seen significant gains this year, outperforming the S&P 500 as power demand continues to grow despite recession fears linked to tariff uncertainties. The S&P 500 Utilities Select ETF (XLU) is up 6%, while the overall index and other sectors are down. Analysts note that US power demand has risen 5.5% year-over-year, driven by the industrial sector and advancements in technology and manufacturing. Major companies like Duke Energy are forecasting unprecedented load growth, reflecting strong electricity demand in various sectors.
Source: YAHOO
Reported 4 months ago
Source: BARRONS