Morgan Stanley anticipates a rocky road ahead for shares of Palantir after a record 2024 run fueled by artificial intelligence. Analyst Sanjit Singh assumed research coverage of the software company with an underweight rating, saying that despite its early AI strides, the risk-reward ratio looks skewed to the downside. The stock was previously not rated at Morgan Stanley. “While acknowledging strong execution and momentum, we see success more than priced in at the current multiple premium,” Singh wrote. Along with the underweight rating, Singh placed a $60 price target on Denver-based Palantir, omplying roughly 25% downside from Friday’s close. Shares…
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File: Park City Mountain Resort in Park City, Utah.Denise Truscello | Wireimage | Getty ImagesVail Resorts shares have dropped in recent weeks as a labor dispute roiled one of America’s most prominent skiing destinations.The Park City Professional Ski Patrol Association, a union representing patrollers at the Utah mountain of the same name, went on strike late last month. The work stoppage has spurred complaints of long lines, closures and delays on social media from patrons on expensive ski trips.This situation has raised awareness of the conglomeration of America’s ski resorts under Vail and a handful of other companies. Vail’s history…
Former U.S. President Donald Trump sits in the courtroom during his hush money trial at Manhattan criminal court on April 26, 2024 in New York City. Michael M. Santiago | Getty ImagesAttorneys for President-elect Donald Trump sought to block his scheduled sentencing later this week in a New York criminal hush money case, according to a new court motion.Trump’s lawyers told Manhattan Supreme Court Judge Juan Merchan in the motion made public Monday that they will appeal his ruling denying their efforts to dismiss the criminal case.The motion argues that the appeal should automatically stay the sentencing, which is scheduled for…
The Mets signed Juan Soto to a record-breaking $765 million deal, the Yankees landed Max Fried with a $218 million deal, and the Diamondbacks once again shocked the baseball world, adding ace Corbin Burnes on a $210 million pact.However, there are still several teams — including the Royals, Twins, Padres, Mariners and Cardinals — that haven’t spent a single penny in free agency, although that could change soon. The free-agent market is still filled with talent. So where will these players sign?Here are the top 15 remaining free agents and my predictions on where each will land.(WAR is according to…
Snakes like these are giants. Black mambas can stretch to 14 feet, and the longest king cobra ever recorded was 19 feet.Puff adders are petite by contrast, as short as six inches and no longer than six feet, but very thick. They have long, retractable fangs that can deliver poison into muscle.Their venom destroys blood-clotting factors, and victims die slow, gruesome deaths, bleeding in the brain, eyes and mouth.Identifying the attacker can help tailor treatment. But many people never see the snake that bites them or, if they do, cannot identify it. To the untrained eye, venomous snakes may look…
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024.Justin Sullivan | Getty ImagesLucid Group on Monday reported record quarterly vehicle deliveries for the fourth quarter and confirmed production of more than 9,000 vehicles in 2024 — meeting a previously announced target.The electric vehicle manufacturer reported production of 9,029 units and deliveries of 10,241 cars in 2024. That included production of 3,386 units and delivery of 3,099 vehicles during the fourth quarter, the company said.Last year’s results represented a 71% increase in deliveries and 7% uptick in production for…
U.S. President-elect Donald Trump looks on during Turning Point USA’s AmericaFest at the Phoenix Convention Center on December 22, 2024 in Phoenix, Arizona. Rebecca Noble | Getty ImagesPresident-elect Donald Trump is considering a plan that still would apply tariffs to all nations but narrow the focus to a select set of goods and services, according to a Washington Post report.The new approach to tariffs likely wouldn’t be as powerful as Trump’s earlier ideas but still would cause major changes to global commerce, the paper said, citing people familiar with Trump’s thinking.Trump, however, refuted the report in a post on Truth Social.”The…
The FuboTV app on a television arranged in New York, US, on Wednesday, Feb. 21, 2024. Gabby Jones | Bloomberg | Getty ImagesDisney’s Hulu+ Live TV will be combined with Fubo, merging together two internet TV bundles, the companies announced on Monday.Disney will become majority owner of the resulting company — the publicly traded Fubo company — with a 70% ownership stake. Both Hulu+ Live TV and Fubo are streaming services that mimic the traditional cable TV bundle, offering linear TV networks. Together the streaming services have 6.2 million subscribers.The deal doesn’t include the streamer Hulu, known for creating original content…
Check out the companies making headlines before the bell. American Airlines – Shares gained more than 4% after TD Cowen upgraded the airline to a buy from a hold rating and lifted its price target to a Wall Street high. The new target implies roughly 47% upside from Friday’s close. FuboTV – The streaming provider rose more than 165% after the company confirmed it struck a deal to combine its online live TV businesses with Walt Disney . The new venture, which will include Disney’s Hulu + Live TV business, will be 30% owned by Fubo and 70% by Disney…
Investors are looking ahead to Nvidia CEO Jensen Huang speaking at the Consumer Electronics Show and what that could mean for the artificial intelligence trade. CNBC’s “Worldwide Exchange” also looks at tech top picks outside the “Magnificent Seven” where investors see big upside in 2025. Nvidia and an AI inflection point? Nvidia Chief Executive Jensen Huang will speak at the Consumer Electronics Show (CES) with some investors and analysts viewing it as an inflection point for the AI trade. “This stock really hasn’t done anything [since the election], it has trailed Marvell and Broadcom ,” Joel Kulina of Wedbush said…
