northamerica
Palantir Technologies Inc. (NYSE: PLTR) has already seen its stock more than double in value in 2024, but according to Northland Capital Markets analyst Michael Latimore, the data analytics firm still has room to grow. Latimore recently issued a bullish $35 price target for Palantir, suggesting a potential 10% upside from its current levels. He believes that Palantir is well-positioned to benefit from the ongoing expansion of artificial intelligence (AI) use cases, making it a compelling buy on any dips. ‘Palantir makes every company’s data great’Latimore’s optimism is rooted in Palantir’s str...
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Mexico’s economy demonstrated resilience in the second quarter of 2024, with GDP increasing by 0.2% from the previous quarter. This modest growth mirrors preliminary estimates and follows a downwardly revised 0.1% increase from the prior period. However, annual growth showed a more robust figure, with a 2.1% increase in Q2, slightly below the initial 2.2% forecast but a notable acceleration from the 1.5% rise in the previous quarter. Data from the Instituto Nacional de Estadística y Geografía (INEGI) reveals that this represents the second consecutive quarter of slow growth. While the service ...
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While Eli Lilly & Co (NYSE: LLY) has captured the spotlight in 2024 due to the soaring demand for its weight-loss drug, investors may want to turn their attention to another pharmaceutical giant: Johnson & Johnson (NYSE: JNJ). With its undervalued stock, robust pipeline, and industry-leading sales, Johnson & Johnson is poised to be a strong contender for joining the exclusive trillion-dollar club over the next decade. Eli Lilly has become a favorite among investors, driven by its dominance in the obesity market—a sector expected to grow at a compound annual growth rate (CAGR) of 43.73% over th...
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Peloton Interactive Inc (NASDAQ: PTON) jumped 10% in premarket on Thursday after coming in ahead of Street estimates for its fiscal fourth quarter, indicating that the embattled connected fitness company may finally be starting to get hold of its long-standing struggles under the interim CEO. The exercise equipment maker reported 8 cents of per-share loss on $643.6 million in revenue for Q4. Analysts, in comparison, were at 17 cents a share and $628.47 million, respectively. The topline, however, remained roughly unchanged on a year-over-year basis. Financial distress has weighed significantly...
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The US economy’s strength has been a topic of heated debate, especially as the country approaches the next presidential election. In a surprising development, the US Labor Department announced that the number of jobs added over the past year was significantly lower than initially reported. The latest data revealed that employers added about 818,000 fewer jobs than previously estimated, marking a 30% reduction in job creation figures. This substantial revision, the largest since 2009, has led to concerns about the true state of the US labour market and its potential impact on future economic po...
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CrowdStrike Holdings Inc. (NASDAQ: CRWD) has faced a rough patch following a global IT outage on July 19, which affected major airlines, banks, and media companies. Despite this setback, analysts at Bank of America Securities remain optimistic about CrowdStrike’s future, maintaining a “buy” rating with a price target of $365. This target suggests a potential 35% upside from its current levels, reflecting confidence in the company’s long-term prospects despite recent disruptions. CrowdStrike stock shows signs of recoveryCrowdStrike’s stock hit a low of $218 earlier this month but has since rebo...
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Cathie Wood, a prominent advocate for innovative technologies, is making a bold bet on artificial intelligence with her latest investment in Tempus AI Inc. (NASDAQ: TEM). Known for her strategic focus on transformative technologies, Wood’s decision to heavily invest in Tempus reflects her confidence in the company’s potential within the burgeoning AI health-tech sector. Tempus stock, which debuted on the Nasdaq Stock Exchange in June at around $40, has surged over 50% since its initial offering, underscoring growing investor enthusiasm. Wood allocates $1.5 million to Tempus AIWood has recently...
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Ford Motor Co. (NYSE: F) is making strategic adjustments in its electric vehicle (EV) plans, leading to a positive reaction from investors. On Wednesday, the automaker announced the cancellation of its planned three-row electric SUV launch and the delay of a new EV factory in Tennessee. These changes reflect a broader trend in the automotive industry, where slower-than-expected EV adoption has prompted companies to reassess their strategies. Adoption of EVs: A problem?Ford’s decision to scale back on its EV ambitions comes as the adoption of electric vehicles has lagged behind expectations. Co...
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Bitcoin is often considered a bellwether that sets the direction for the entire crypto market—a phrase you’ve likely heard several times in 2024. But there’s one meme coin that stands to benefit from Bitcoin’s anticipated strength—Bitcoin Dogs. Why? Because it’s the world’s first ICO on the Bitcoin blockchain. Let’s explore the broader Bitcoin tailwinds that could potentially boost the $0DOG price in the months ahead. Goldman Sachs sees upside in BitcoinGoldman Sachs, one of the world’s largest investment banks, has recently made a significant investment in Bitcoin. The financial services gian...
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The mortgage banking industry made a strong recovery in the second quarter of 2024, demonstrating resilience amid economic uncertainty. Independent mortgage banks and mortgage subsidiaries of chartered banks reported significant increases in pre-tax net profits per loan, reversing the downward trend from previous quarters. The Mortgage Bankers Association’s (MBA) Quarterly Mortgage Bankers Performance Report highlighted these positive developments, providing a comprehensive look at the industry’s performance during this period. In the United States, the MBA Weekly Mortgage Application Survey o...
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