Benzinga Bulls And Bears: Palantir, Nvidia, Tesla, Alphabet And Crypto Trader Says This 'Should Be The Bottom' For Dogecoin
Portfolio Pulse from Michael Cohen
Benzinga reviewed the performance of popular stocks, highlighting both bullish and bearish trends. Palantir surged due to strong earnings and partnerships, while Nvidia faced delays in its chip launch. Tesla acknowledged competition from lower-priced EVs, and Celsius Holdings was downgraded due to weak sales growth.
August 10, 2024 | 1:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Celsius Holdings was downgraded by a BofA analyst due to declining sales growth and a weak consumer environment, with no significant recovery expected until summer 2025.
The downgrade and negative outlook on sales growth and consumer environment are likely to drive Celsius Holdings' stock price down in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Nvidia faces delays in its upcoming Blackwell series chip launch due to design flaws, potentially impacting major clients like Meta, Microsoft, and Alphabet.
Delays in Nvidia's chip launch due to design flaws are likely to negatively impact the stock price in the short term, especially given the potential impact on major clients.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEUTRAL IMPACT
Tesla CEO Elon Musk acknowledges that lower-priced EVs from rivals are challenging Tesla, but he believes this is a short-term issue as competitors struggle with profitability.
While competition from lower-priced EVs is a concern, Musk's belief that this is a short-term issue may neutralize the impact on Tesla's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Palantir Technologies Inc. shares are rising to 52-week highs due to better-than-expected quarterly earnings, partnerships with Microsoft and Wendy's, and increased guidance fueled by strong U.S. commercial revenue growth and expanded AI capabilities.
Palantir's strong earnings, strategic partnerships, and increased guidance are significant positive factors likely to drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100