Stock Market News Today: Palantir, Tesla, Disney, PayPal, Cathie Wood, Fortinet, & Eli Lilly Stock!

#investing #personalfinance #stocks

let's talk about the positive vibes in the market. Stocks soared yesterday as companies like Palantir Technologies and Spotify beat earnings expectations, sending their share prices soaring. Palantir, with its focus on big data and AI, saw a whopping 30% increase in its share price. While I'm optimistic about Palantir, I do expect some cooling off in the coming weeks.

On the flip side, we saw Snapchat take a hit after disappointing revenue results, and New York Community Ban Corp getting downgraded by Moody's. It's a mixed bag, folks, but that's just how the stock market rolls.

Now onto some exciting collaboration news! Fox, Warner Bros Discovery, and Disney's ESPN are teaming up to launch a new streaming service focused on sports. This could be a game-changer for sports fans and investors alike.

Shifting gears to the pharmaceutical world, Eli Lilly is making waves with its weight loss drug, Zeppa. With projected sales reaching billions, Eli Lilly's stock is one to watch.

And let's not forget about Meta Platforms, formerly known as Facebook, rolling out AI-generated labels to combat misinformation. While it may not sway the stock price much, it's a step in the right direction.

JP Morgan Chase is making moves with plans to expand its physical branches, but some are skeptical given the rise of mobile banking. It's a balancing act between traditional banks and fintech companies like SoFi and Ally Financial.

Moving on, AT&T's partnership with TransUnion to tackle spam calls could be a game-changer, and Disney's dividend boost is certainly good news for shareholders.

But what's up with PayPal? Despite impressive earnings, their stock took a hit, possibly due to layoffs in the pipeline. Something to keep an eye on for sure.

Now onto Kathy Wood's latest moves. She's bullish on Palantir and Tesla, but she's selling shares of Exact Sciences. While the company's mission is noble, its profitability is still a question mark.

And speaking of electric vehicles, Rivian's upcoming R2 launch has investors buzzing, despite some analysts expressing caution.

In the tech world, Taiwan Semiconductor's strong revenue report signals high demand for its chips, while Arm Holdings' stellar performance has analysts bullish on its future.

Cybersecurity stocks like Fortinet, CrowdStrike, and Palo Alto Networks are also on the rise, despite a slight slowdown in growth.

And don't forget to mark your calendars for upcoming earnings reports from companies like Pinterest and CloudFlare.
SOURCES: https://www.morningbrew.com/daily/issues/he-s-baaack

https://sherwoodmedia.com/snacks/newsletters/chase-branches-out/

https://finance.yahoo.com/news/disney-beats-on-earnings-boosts-dividend-as-streaming-losses-narrow-210518309.html

https://www.investors.com/news/technology/pypl-stock-paypal-earnings-q42023/?src=A00220&ref=biztoc.com

https://finance.yahoo.com/news/cathie-wood-selling-stock-140000266.html

https://finance.yahoo.com/news/cathie-wood-goes-bargain-hunting-165000341.html

https://www.investors.com/news/rivian-stock-a-buy-or-a-sell-with-this-tesla-bull-saying-it-is-one-of-the-core-ev-players/?src=A00220

https://finance.yahoo.com/news/why-taiwan-semiconductor-stock-raced-234802790.html?ref=biztoc.com

https://seekingalpha.com/news/4064083-arm-surges-full-year-profit-outlook-hike

https://finance.yahoo.com/news/why-fortinet-crowdstrike-palo-alto-172453449.html

https://seekingalpha.com/news/4063850-notable-earnings-after-thursdays-close

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Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice or financial advice and it should not be taken as investment advice or financial advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.

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