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Is Palantir stock poised for another post-earnings surge?
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S&P, Indexes Climb, Palantir Falls to Start Week | Wall Street Today

Moomoo Recap US joined discussion · May 6 15:41
S&P, Indexes Climb, Palantir Falls to Start Week | Wall Street Today
The market stayed in the positive Monday after closing out two full weeks in the green for the major indexes. This week will be another busy one, filled with earnings results.
Shortly after the close, the $S&P 500 Index(.SPX.US)$ climbed 1.03%, the $Dow Jones Industrial Average(.DJI.US)$ climbed 0.46%, and the $Nasdaq Composite Index(.IXIC.US)$ climbed about 1.13%.
This week, investors can expect comments from Fed's Bowman and Kashkari, Michigan economic data like the Consumer Sentiment and inflation expectations, EIA supply numbered, but otherwise not mush else.
Last week was busy: Wednesday, the Federal Open Market Committee left the target Federal Funds Rate unchanged at 5.25%-5.50%. Federal Reserve Chairman Jerome Powell said it's unlikely that policymakers will increase interest rates.
When it comes to sectors, as green days regularly go, the Semiconductor Sector was leading the market, up about 2.2%. The sector pulled back last week after $Advanced Micro Devices(AMD.US)$ reported an earnings miss, but the sector rebounded led by Arm, Micron, and AMD. $NVIDIA(NVDA.US)$ climbed nearly 4%.
S&P, Indexes Climb, Palantir Falls to Start Week | Wall Street Today
Both oil and gold futures climbed about 1% Monday, after a week or two of declines.
S&P, Indexes Climb, Palantir Falls to Start Week | Wall Street Today
Bitcoin had climbed about 3% earlier Monday, but pulled back. Still, some crypto stocks were soaring.
$Palantir (PLTR.US)$ climbed 8%, in expectation of high quarterly earnings Monday. After the close, the firm reported higher sales than analysts expected, at $634.3 million, and a GAAP EPS that met expectations. The firm gave guidance that disappointed investors into a -6% drop shortly after the announcement.
$Micron Technology(MU.US)$ was leading the S&P, up nearly 5% after Baird raised its rating and price target. The stock helped pull the entire Semiconductor
$Microsoft(MSFT.US)$ is reportedly gearing up to compete with tech giants $Alphabet-A(GOOGL.US)$ Google and OpenAI by developing a new in-house AI language model according to a report from the Information.
$Tyson Foods(TSN.US)$ was on the other end of the spectrum, down after its Monday earnings projected muted future sales for Q3 and Q4.
$Palantir(PLTR.US)$ climbed 8%, and was the most searched stock on moomoo in preparation for the firms expected earnings release after the market closes Monday. According to 14 analysts compiled by yahoo finance, the market expects earnings of $0.08 per share, on revenue of $625.43M
$Marathon Digital(MARA.US)$shares soared about 17% after S&P Dow Jones Indices announced last Friday that the stock will join the S&P SmallCap 600 index effective May 8.
In the afternoon, Federal air-safety regulators have opened a new investigation into $Boeing(BA.US)$ related to the company's inspections of its 787 Dreamliner and whether company employees falsified records. The stock went form a 2% climb to 2% drop suddenly on the news.
WORD FROM THE HEARD: Mooers, what are you watching?
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