Core Insights - Palantir shares surged in after-hours trading following strong third-quarter earnings and an increased full-year revenue outlook driven by high demand for AI offerings [2][3] - The stock has more than doubled since the beginning of the year, partly due to its inclusion in the S&P 500 index [3] Technical Analysis - Palantir shares broke out of a flag pattern in early September and consolidated within a broadening formation before the quarterly results [5] - Trading volume reached its highest level since early October, indicating strong investor interest [5] - Key overhead levels to watch include $45, which is near the stock's all-time high, and a projected target of around $60 based on prior price action [7][8] Support Levels - An important zone of support to monitor during profit-taking is between $41 and $38, where buying interest may emerge [10]

Key TakeawaysCVS Health is scheduled to report earnings Wednesday morning after two disappointing quarters to start 2024.Shares have fallen roughly 30% since the start of 2024, but analysts largely believe CVS will be able to recover some of its stock losses going forward.Last month, the pharmacy chain and health-care provider faced reports that it was considering breaking up its business and installed a new CEO. CVS Health (CVS) will report third-quarter earnings before the market opens Wednesday after the ...

Key TakeawaysDanish pharmaceutical giant Novo Nordisk is set to report earnings for the third quarter of 2024 on Wednesday morning.Sales of its popular weight-loss drugs Ozempic and Wegovy will be Novo investors' focus.Analysts are generaly bullish on the stock, with five "hold" ratings and six "buy" ratings and an average price target about 28% above recent levels. Novo Nordisk (NVO), maker of popular weight-loss drugs Ozempic and Wegovy, is set to report third-quarter earnings Wednesday morning, with Wall ...

Key TakeawaysS&P 500 companies are beating earnings estimates by less than is normal and at a below-average rate so far this earnings season, according to a FactSet Research analysis.Last week's Big Tech earnings boosted the index's aggregate earnings growth to more than 5% from 3.6% the prior week.Artificial intelligence (AI) demand will remain in focus this week when Palantir, Qualcomm, and Arista Networks report their results. Third-quarter earnings season enters the home stretch this week. The quarter a ...

Key TakeawaysApple shares are in the spotlight Monday following news that Berkshire Hathaway once again trimmed its stake in the tech giant.The stock traded within an ascending triangle between July and October before breaking down below the pattern’s lower trendline late last month.Investors should watch important support levels on Apple's chart around $218, $198, and $181, while monitoring key overhead areas near $233 and $270. Apple (AAPL) shares are in the spotlight Monday following news over the weeken ...

KEY TAKEAWAYSMembers of Boeing's machinists union are voting today on a third contract agreement that could potentially end a crippling strike that has lasted nearly two months. The International Association of Machinists will vote on the new offer from Boeing that includes 38% pay increases, along with a ratification bonus that workers can elect to use as part of their retirement savings.  The union rejected a previous offer from Boeing that included a 35% pay hike, extending the strike that began on Sept. ...

Key TakeawaysU.S.-listed shares of a number of Chinese electric vehicle manufacturers mostly rose Monday after October sales rose from last year.Deliveries from BYD, Li Auto, XPeng, and Nio all rose from the same time last year, while Tesla's China-made vehicle sales fell from last year.Tesla stock fell Monday morning, while the others all rose. Investors were bullish on Chinese electric vehicle stocks Monday morning after companies such as BYD, XPeng (XPEV), Li Auto (LI), and others released October delive ...

Key TakeawaysNvidia shares rose Monday, propelling the chipmaker into the top spot on the list of the world’s most valuable companies by market capitalization.Nvidia and Apple, along with software and cloud computing giant Microsoft, have been vying for the title of the world’s most valuable company since the summer. Robust demand for artificial intelligence infrastructure has fueled Nvidia's meteoric rise. Nvidia (NVDA) shares rose Monday, propelling the AI chip leader into the top spot on the list of the ...

Key TakeawaysU.S.-listed shares of a number of Chinese electric vehicle manufacturers rose Monday after October sales rose from last year.Deliveries from BYD, Li Auto, XPeng, and Nio all rose from the same time last year, while Tesla's China-made vehicle sales fell from last year.Tesla stock fell Monday morning, while the others all rose. Investors on Wall Street were bullish on Chinese electric vehicle stocks Monday morning after companies such as BYD, XPeng (XPEV), Li Auto (LI), and others released Octobe ...

Key TakeawaysShares in paint maker Sherwin-Williams are likely to remain in focus after jumping in extended trading Friday following news of its inclusion in the Dow Jones Industrial Average. The stock broke out above a cup and handle pattern in mid-August, but has recently retraced towards the initial breakout point, potentially leading to a retest of the pattern's upper trendline.Investors should watch key support levels on Sherwin-Williams' chart around $348 and $283, while also monitoring a measured mov ...