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palantir stock dips after analyst raises valuation concerns despite strong fundamentals
Palantir Technologies' stock, which surged over 78% in the past two months, fell 3.62% in pre-market trading after UBS analyst Karl Kierstead assigned a neutral rating, citing concerns over its high valuation at 49 times revenue and 124 times free cash flow for 2025 estimates. Despite positive fundamentals, the average price target from analysts is $34.13, indicating a potential downside. The company recently extended its partnership with the U.S. Army, valued at $400.7 million, aimed at enhancing data and AI capabilities.
benzinga.com/markets/equities/24/12/42615531/pltr-stock-up-over-80-in-the-past-two-months-trades-nearly-5-lower-in-friday-premarket-after-ubs-says-valuationis-simply-tough-to-get-over
United States Dollar Mizuho Medy Co.,Ltd. Palantir Technologies Inc. USA
Finance & Economy, Market Report
14:32 20.12.2024
palantir stock dips after analyst raises valuation concerns despite strong fundamentals
Palantir Technologies' stock, which surged over 78% in the past two months, fell 3.62% in pre-market trading after UBS analyst Karl Kierstead assigned a neutral rating, citing concerns over its high valuation at 49 times revenue and 124 times free cash flow for 2025 estimates. Despite positive fundamentals, the average price target from analysts is $34.13, indicating a potential downside. The company recently extended its partnership with the U.S. Army, valued at $400.7 million, aimed at enhancing data and AI capabilities.
benzinga.com/markets/equities/24/12/42615531/pltr-stock-up-over-80-in-the-past-two-months-trades-nearly-5-lower-in-friday-premarket-after-ubs-says-valuationis-simply-tough-to-get-over
Mizuho Medy Co.,Ltd. Palantir Technologies Inc. USA
Finance & Economy, Market Report
14:32 20.12.2024
bitwise launches solana staking etp in germany amid us regulatory challenges
Bitwise has launched a Solana Staking ETP in Germany, offering an annual percentage yield of 6.48%, surpassing competitors like 21Shares. While U.S. regulatory challenges persist, optimism grows for future spot ETF approvals as demand for Solana-based products increases in Europe. The Solana blockchain continues to gain traction for its efficiency in DeFi and gaming, positioning it as a strong alternative to Ethereum.
Crypto News Flash
VanEck Vietnam ETF Grayscale Litecoin Trust USA DEU Gary Gensler Benson Mwangi
Finance & Economy, Market Report
14:27 20.12.2024
stock futures recover slightly after positive inflation data amid market volatility
Stock futures narrowed losses following a better-than-expected inflation reading, with the Dow down 0.3% and the S&P 500 and Nasdaq down 0.5% and 0.8%, respectively. Large-cap tech stocks fell, with Nvidia, Apple, and Microsoft among the decliners, while Nike dropped 6% after its earnings report. FedEx shares surged over 8% after announcing plans to spin off its freight business, overshadowing a lowered outlook.
Investopedia
United States Dollar FedEx Corp Novo Nordisk A/S NIKE, Inc. USA Joe Biden Elliott Hill Show more
Finance & Economy, Market Report
14:22 20.12.2024
credit suisse collapse highlights regulatory failures and systemic banking concerns
Switzerland's financial watchdog, Finma, faced criticism for its failure to prevent the mismanagement of Credit Suisse, which nearly led to a global financial crisis in 2023. A commission of inquiry found that while Finma's actions helped avert disaster, it was "partially ineffective" and had granted excessive capital relief in previous years. The report emphasized the need for stricter regulations on systemically important banks, especially following the merger of Credit Suisse with UBS, raising concerns about the future stability of the Swiss financial system.
La Tribune
United States Dollar Credit Suisse Real Estate Fund Siat USA CHE
Finance & Economy, News Article
14:18 20.12.2024
cathie wood predicts surge in startup mergers and bitcoin price growth
Cathie Wood, founder of ARK Investment Management, predicts a surge in mergers and acquisitions following Donald Trump's election, driven by anticipated regulatory rollbacks. She also forecasts Bitcoin could exceed $1 million by 2030, citing its fixed supply and growing institutional interest. Wood emphasizes that the crypto market is still in its early stages, with significant growth potential compared to gold.
Cointelegraph
ARK Investment Management LLC USA Donald Trump Paul Atkins Cathie Wood Gary Gensler Jerome Powell Show more
Finance & Economy, News Article
14:13 20.12.2024
Pi Network announces 18 million KYC completions and potential mainnet launch by 2025
Pi Network has reported 18 million KYC completions and hinted at an open mainnet launch by Q1 2025, generating mixed reactions from its community. While many expressed gratitude for the update, others voiced disappointment over ongoing delays and a lack of clear timelines.To protect users from scams, the team emphasized the importance of relying on official channels and using the authentic Pi Wallet, identifiable by its purple navigation bar and Core Team logo.
CryptoPotato
USA
Crypto, News Article
14:09 20.12.2024
credit suisse management blamed for crisis as inquiry reveals regulatory failures
A commission of inquiry has criticized Credit Suisse's management for the bank's collapse in 2023, which nearly triggered a global financial crisis. The report found no wrongdoing by Swiss authorities, who intervened effectively, but highlighted the banking watchdog Finma's failures, particularly its past capital relief decisions. The inquiry, rare in Switzerland, involved extensive interviews and document analysis, revealing concerns over regulations for banks deemed too big to fail.
@ledauphine
United States Dollar Credit Suisse Real Estate Fund Siat USA CHE Roger Nordmann
Regulatory & Legal, News Article
14:07 20.12.2024
crypto market plunges as federal reserve tightens policy and liquidations soar
The crypto market experienced a sharp downturn, with Bitcoin plunging nearly 10% to $93,000 and Ethereum dropping almost 15% to $3,100, following the Federal Reserve's hawkish monetary policy update. Over $1.2 billion in liquidations impacted 377,618 traders, primarily affecting long positions. Market analysts highlight increased uncertainty due to the Fed's firm stance and reduced rate cut forecasts for 2025.
CryptoSlate
USA Markus Thielen Show more
Finance & Economy, Market Report
14:00 20.12.2024
Novartis to close MorphoSys sites amid delays in pelabresib development
Novartis will close two MorphoSys sites in Munich and Boston by the end of 2025, following delays in the development of pelabresib. The Swiss pharmaceutical company acquired MorphoSys for €2.7 billion ($2.9 billion) earlier this year, focusing on innovative oncology treatments.
thepharmaletter.com
Euro Novartis AG MorphoSys AG USA DEU
Healthcare, News Article
13:50 20.12.2024
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