Dow Hits All-Time High as Honeywell Shares Surge Post Coverage Initiation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Source: CNBC
- Dow Jones Record High: On Thursday, the Dow Jones reached an all-time high as investors absorbed June's weaker-than-expected non-farm payrolls report, indicating a significant slowdown in U.S. job creation, which supports the Federal Reserve's potential rate cuts that could stimulate economic growth.
- Honeywell Stock Surge: Honeywell Aerospace shares rose over 4% after BMO initiated coverage with a buy rating and a $276 price target; Jim Cramer expressed willingness to buy more at around $233, viewing it as an inexpensive way to invest in the booming travel sector, indicating strong future demand.
- Linde Investment Focus: Jim advised investors to focus on Linde, which saw over a 2% increase on Thursday; he noted that despite the industrial sector not being a favorite, Linde benefits from long-term trends like AI and green energy, positioning it as a
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Analyst Views on PLTR
Wall Street analysts forecast PLTR stock price to rise
17 Analyst Rating
5 Buy
10 Hold
2 Sell
Hold
Current: 125.730
Low
50.00
Averages
192.88
High
255.00
Current: 125.730
Low
50.00
Averages
192.88
High
255.00
About PLTR
Palantir Technologies Inc. is engaged in building software to assist in counterterrorism investigations and operations. The Company has built four principal software platforms, including Palantir Gotham (Gotham), Palantir Foundry (Foundry), Palantir Apollo (Apollo), and Palantir Artificial Intelligence Platform (AIP). Apollo is a cloud-agnostic, single control layer that coordinates ongoing delivery of new features, security updates, and platform configurations, helping to ensure the continuous operation of critical systems. Gotham enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants. Foundry transforms the ways organizations operate by creating a central operating system for their data. AIP enables responsible artificial intelligence (AI)-advantage across the enterprise by using primary, core components built to effectively activate large language models and other AI within any organization.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Palantir Partners with Nvidia, Stock Outlook Optimistic
- Significant Profit Growth: DA Davidson highlighted that Palantir's profits have risen significantly, allowing the company to grow into its valuation, which reflects its competitive advantages in the AI sector and is expected to attract more investor interest.
- Rating Upgrade and Price Target Increase: DA Davidson upgraded Palantir's rating from 'Neutral' to 'Buy' and raised the price target from $165 to $175, indicating a 39% upside potential compared to Wednesday's closing price, further boosting market confidence.
- Strategic Partnership with Nvidia: Palantir's collaboration with Nvidia integrates its Nemotron open AI models to provide mission-specific sovereign AI, ensuring data security and model ownership for U.S. government and critical infrastructure operators, enhancing the company's market competitiveness.
- Bullish Retail Investor Sentiment: Despite Palantir's stock declining over 25% this year, retail sentiment on Stocktwits remains 'bullish', indicating confidence in the company's future performance.
See More
Investment Comparison: AppLovin vs. Palantir
- AppLovin Financial Performance: In FY 2025, AppLovin reported revenue of $5.5 billion, a 70% increase year-over-year, with a net income of $3.3 billion and a net margin of 60.8%, indicating strong growth potential in the mobile advertising market.
- Palantir Market Expansion: Palantir achieved revenue of $4.5 billion in FY 2025, marking a 56.2% increase, with a net income of $1.6 billion and a net margin of 36.3%, reflecting robust demand for its AI platform in the commercial sector.
- Legal and Regulatory Challenges: AppLovin is facing a class-action lawsuit in the Netherlands for alleged illegal user tracking, alongside shifting privacy policies from app stores like Apple's, which could hinder its ad targeting effectiveness.
- Valuation Comparison: While AppLovin appears more affordable with projected Q2 2026 revenue of $1.9 billion, Palantir's elevated valuation continues to attract investors despite its stock dropping to a 52-week low of $106.37 in June.
See More
Comparing Mobile Advertising and Enterprise AI Investments
- AppLovin's Strong Growth: In FY 2025, AppLovin reported revenue of $5.5 billion, a 70% increase year-over-year, with net income of $3.3 billion and a net margin of 60.8%, highlighting the success of its advertising technology in the global mobile ecosystem and enhancing its market competitiveness.
- Palantir's Financial Stability: Palantir's FY 2025 revenue reached $4.5 billion, up 56.2% from the previous year, with net income of $1.6 billion and a net margin of 36.3%, indicating strong growth in its commercial sector as more businesses adopt its AI platform for internal workflow automation.
- Legal Risks and Competitive Pressures: AppLovin faces a class-action lawsuit in the Netherlands and intense competition from Unity Software, which could impact its ability to effectively target ads and increase operational risks.
- Valuation Comparison: While AppLovin's forward P/E ratio stands at 35.1x, significantly lower than Palantir's 90.0x, both companies benefit from AI advancements, with AppLovin projecting Q2 2026 revenue of $1.9 billion and Palantir at $1.8 billion, showcasing their growth potential.
See More
Congress Members Disclose SpaceX Stock Purchases Post-IPO
- Congressional Trading Disclosure: Representatives Dan Meuser and Gil Cisneros disclosed stock purchases in SpaceX following its IPO, with Meuser's dependent child buying between $15,001 and $50,000 on June 15, and Cisneros purchasing between $1,001 and $15,000 on June 18, indicating confidence in the company's future prospects.
- IPO Market Response: SpaceX went public on June 12 with a market cap exceeding $2 trillion, marking the largest IPO in history, opening at $150 and quickly pushing its valuation past $2 trillion, reflecting strong market demand for Musk's ventures and artificial intelligence initiatives.
- Political Sensitivity: The trades are politically sensitive due to the members' committee assignments, with Meuser serving on the Financial Services Committee overseeing securities and exchanges, while Cisneros is on the Armed Services Committee, which oversees the Defense Department, a major SpaceX customer.
- Future Trading Expectations: More disclosures from Congress members are anticipated in the coming weeks, with ethics watchdogs suggesting this may only be the tip of the iceberg, as many lawmakers are likely to have engaged in trading related to SpaceX's IPO, highlighting ongoing interest in tech company listings.
See More
Palantir Shares Surge 18% in a Week Amid AI Software Rotation
- Stock Recovery: Palantir's shares surged 18% in a week, indicating a shift in investor focus from semiconductors to AI software, which could further propel the company's stock price upward.
- New Partnership Agreement: The collaboration with Nvidia to utilize its Nemotron for government AI models not only has the potential to squeeze short sellers but may also justify Palantir's 145x trailing P/E ratio.
- Revenue Growth: Despite Palantir's impressive 85% revenue growth in the last quarter, market sentiment remains cautious, particularly as Nvidia may offer more attractive investment value.
- Market Outlook: Given the rise of AI cybersecurity threats, the partnership between Palantir and Nvidia could expand further, aiding both companies in achieving greater growth potential in the AI sector while providing new support for Palantir's stock price.
See More
Corporate Sponsorship Behind Trump's Freedom 250 Celebrations
- Corporate Sponsorship Phenomenon: A CNBC analysis reveals that 14 companies, including Boeing, Deloitte, and United Airlines, are backing both America250 and Freedom 250, indicating a complex intersection of corporate interests and politics that may influence their dealings with the government.
- Funding Transparency Issues: The sponsorship structure of Freedom 250 has been criticized for its opacity, allowing donors to gain access to Trump through contributions as high as $10 million, raising concerns about corporations seeking political influence.
- Celebration Participation Status: Despite Congress allocating $150 million for the 250th anniversary, America250 has only received $25 million, while Freedom 250 has secured nearly $80 million in funding, highlighting the financial advantage of Trump-aligned events.
- Event Organization Challenges: The Great American State Fair has faced poor participation, with at least eight states declining to join due to exhibit costs and partisan concerns, resulting in sparse crowds and equipment failures during the event.
See More
Palantir Partners with Nvidia, Stock Outlook Optimistic
- Significant Profit Growth: DA Davidson highlighted that Palantir's profits have risen significantly, allowing the company to grow into its valuation, which reflects its competitive advantages in the AI sector and is expected to attract more investor interest.
- Rating Upgrade and Price Target Increase: DA Davidson upgraded Palantir's rating from 'Neutral' to 'Buy' and raised the price target from $165 to $175, indicating a 39% upside potential compared to Wednesday's closing price, further boosting market confidence.
- Strategic Partnership with Nvidia: Palantir's collaboration with Nvidia integrates its Nemotron open AI models to provide mission-specific sovereign AI, ensuring data security and model ownership for U.S. government and critical infrastructure operators, enhancing the company's market competitiveness.
- Bullish Retail Investor Sentiment: Despite Palantir's stock declining over 25% this year, retail sentiment on Stocktwits remains 'bullish', indicating confidence in the company's future performance.
See More
Investment Comparison: AppLovin vs. Palantir
- AppLovin Financial Performance: In FY 2025, AppLovin reported revenue of $5.5 billion, a 70% increase year-over-year, with a net income of $3.3 billion and a net margin of 60.8%, indicating strong growth potential in the mobile advertising market.
- Palantir Market Expansion: Palantir achieved revenue of $4.5 billion in FY 2025, marking a 56.2% increase, with a net income of $1.6 billion and a net margin of 36.3%, reflecting robust demand for its AI platform in the commercial sector.
- Legal and Regulatory Challenges: AppLovin is facing a class-action lawsuit in the Netherlands for alleged illegal user tracking, alongside shifting privacy policies from app stores like Apple's, which could hinder its ad targeting effectiveness.
- Valuation Comparison: While AppLovin appears more affordable with projected Q2 2026 revenue of $1.9 billion, Palantir's elevated valuation continues to attract investors despite its stock dropping to a 52-week low of $106.37 in June.
See More
Comparing Mobile Advertising and Enterprise AI Investments
- AppLovin's Strong Growth: In FY 2025, AppLovin reported revenue of $5.5 billion, a 70% increase year-over-year, with net income of $3.3 billion and a net margin of 60.8%, highlighting the success of its advertising technology in the global mobile ecosystem and enhancing its market competitiveness.
- Palantir's Financial Stability: Palantir's FY 2025 revenue reached $4.5 billion, up 56.2% from the previous year, with net income of $1.6 billion and a net margin of 36.3%, indicating strong growth in its commercial sector as more businesses adopt its AI platform for internal workflow automation.
- Legal Risks and Competitive Pressures: AppLovin faces a class-action lawsuit in the Netherlands and intense competition from Unity Software, which could impact its ability to effectively target ads and increase operational risks.
- Valuation Comparison: While AppLovin's forward P/E ratio stands at 35.1x, significantly lower than Palantir's 90.0x, both companies benefit from AI advancements, with AppLovin projecting Q2 2026 revenue of $1.9 billion and Palantir at $1.8 billion, showcasing their growth potential.
See More
Congress Members Disclose SpaceX Stock Purchases Post-IPO
- Congressional Trading Disclosure: Representatives Dan Meuser and Gil Cisneros disclosed stock purchases in SpaceX following its IPO, with Meuser's dependent child buying between $15,001 and $50,000 on June 15, and Cisneros purchasing between $1,001 and $15,000 on June 18, indicating confidence in the company's future prospects.
- IPO Market Response: SpaceX went public on June 12 with a market cap exceeding $2 trillion, marking the largest IPO in history, opening at $150 and quickly pushing its valuation past $2 trillion, reflecting strong market demand for Musk's ventures and artificial intelligence initiatives.
- Political Sensitivity: The trades are politically sensitive due to the members' committee assignments, with Meuser serving on the Financial Services Committee overseeing securities and exchanges, while Cisneros is on the Armed Services Committee, which oversees the Defense Department, a major SpaceX customer.
- Future Trading Expectations: More disclosures from Congress members are anticipated in the coming weeks, with ethics watchdogs suggesting this may only be the tip of the iceberg, as many lawmakers are likely to have engaged in trading related to SpaceX's IPO, highlighting ongoing interest in tech company listings.
See More
Palantir Shares Surge 18% in a Week Amid AI Software Rotation
- Stock Recovery: Palantir's shares surged 18% in a week, indicating a shift in investor focus from semiconductors to AI software, which could further propel the company's stock price upward.
- New Partnership Agreement: The collaboration with Nvidia to utilize its Nemotron for government AI models not only has the potential to squeeze short sellers but may also justify Palantir's 145x trailing P/E ratio.
- Revenue Growth: Despite Palantir's impressive 85% revenue growth in the last quarter, market sentiment remains cautious, particularly as Nvidia may offer more attractive investment value.
- Market Outlook: Given the rise of AI cybersecurity threats, the partnership between Palantir and Nvidia could expand further, aiding both companies in achieving greater growth potential in the AI sector while providing new support for Palantir's stock price.
See More
Corporate Sponsorship Behind Trump's Freedom 250 Celebrations
- Corporate Sponsorship Phenomenon: A CNBC analysis reveals that 14 companies, including Boeing, Deloitte, and United Airlines, are backing both America250 and Freedom 250, indicating a complex intersection of corporate interests and politics that may influence their dealings with the government.
- Funding Transparency Issues: The sponsorship structure of Freedom 250 has been criticized for its opacity, allowing donors to gain access to Trump through contributions as high as $10 million, raising concerns about corporations seeking political influence.
- Celebration Participation Status: Despite Congress allocating $150 million for the 250th anniversary, America250 has only received $25 million, while Freedom 250 has secured nearly $80 million in funding, highlighting the financial advantage of Trump-aligned events.
- Event Organization Challenges: The Great American State Fair has faced poor participation, with at least eight states declining to join due to exhibit costs and partisan concerns, resulting in sparse crowds and equipment failures during the event.
See More
