PLTR U.S. Navy Contract, GME Earnings Sell-Off, PEP Gets New Bull

PepsiCo - PepsiCo is experiencing bullish momentum following updates and activist investor activity, leading JP Morgan Chase to raise its price target to $164 and upgrade its rating from neutral to overweight, anticipating high single-digit earnings growth through 2026 [2][3] - The company is expected to achieve record productivity savings, which will allow for increased spending on marketing and innovation, ultimately boosting profits [3][5] - Management has tested pricing strategies with major retail partners, showing strong elasticity, which is expected to drive volume back to key brands and snacks [4][5] - PepsiCo is focusing on aggressive innovation and marketing, particularly in high-protein snacks, reduced sugar beverages, and clean label ingredients, supported by productivity savings [5] Palantir - Palantir has secured a significant $448 million contract with the US Navy to enhance submarine and ship maintenance processes through AI technology, which aims to streamline operations and reduce delays [7][8] - The AI system is designed to replace manual tracking with real-time dashboards, significantly reducing the time required for scheduling and forecasting maintenance tasks [9][10][11] - This contract is seen as a major win for Palantir, especially given its strong performance year-to-date, with shares up over 140% [12] GameStop - GameStop reported disappointing earnings, with revenue of $820 million, falling short of the expected $987 million, and adjusted EPS of 24 cents, which was below expectations [13][14] - The company is struggling with declines in hardware, accessories, and software sales, with collectibles being the only growth area in a challenging quarter [14] - GameStop is facing difficulties in adapting to the digital shift in the gaming industry, as consumer preferences move towards downloads and subscriptions [14][15][16]