Palantir Technologies (PLTR +1.95%) trades at about 80 times its annual sales. The average company in the S&P 500 today trades at roughly 3 times sales. A price-to-sales (P/S) ratio of that magnitude puts Palantir in territory that almost no company in the index has ever occupied and, more importantly, held on to. CEO Alex Karp has argued that these metrics are meaningless for his company. He rece...
Palantir Technologies (PLTR +1.95%) trades at about 80 times its annual sales. The average company in the S&P 500 today trades at roughly 3 times sales. A price-to-sales (P/S) ratio of that magnitude puts Palantir in territory that almost no company in the index has ever occupied and, more importantly, held on to. CEO Alex Karp has argued that these metrics are meaningless for his company. He recently told investors that "the way in which we view value is obviously no longer relevant." He believed that traditional valuation frameworks can't capture what Palantir is. He would argue -- and Palantir bulls would too -- that the company is one of a kind. Maybe they're right, but investors have heard versions of that kind of thinking before, and it has rarely worked out. Beyond the valuation, there are real questions To be sure, Palantir is executing at an incredible level and has genuinely carved out a key role for itself within the federal government and across large organizations in the U.S. I'm not denying that. But to truly be one of a kind, the company has to continue doing this for years to come. And it likely can't maintain its current growth pace without more international clients. Palantir generates 77% of its revenue in the United States. International commercial revenue rose 8% year over year last quarter. That seriously lags its U.S. growth. Karp has said that the company "doesn't have the bandwidth to do anything that's difficult outside of America" and that countries in the E.U. don't "get AI." I think it has a lot more to do with how the company is viewed outside of the U.S. -- countries around the world are suspicious of sharing sensitive data with an organization with such close ties to the Central Intelligence Agency (CIA) and the U.S. intelligence community at large. As much as Palantir is blazing a trail and outclassing its competition at the moment, I'm not sure how long that can last. Can Palantir remain "one of a kind" with tech giants like Microso...
NVIDIA (NVDA) shares fell 1.37% to $177.93 on March 19, dragging semiconductor stocks lower despite Jensen Huang’s bullish GTC keynote just days earlier. The selloff follows Micron Technology’s (MU) after-hours drop and surging oil prices tied to the escalating Iran war, adding fresh headwinds to a chip sector already struggling with “sell the news” fatigue. Semiconductors Break Their Pattern CNBC...
NVIDIA (NVDA) shares fell 1.37% to $177.93 on March 19, dragging semiconductor stocks lower despite Jensen Huang’s bullish GTC keynote just days earlier. The selloff follows Micron Technology’s (MU) after-hours drop and surging oil prices tied to the escalating Iran war, adding fresh headwinds to a chip sector already struggling with “sell the news” fatigue. Semiconductors Break Their Pattern CNBC’s Mad Money host Jim Cramer noted that NVIDIA’s price action on March 19 broke a persistent pattern where the stock would open higher only to reverse lower throughout the session. This time, it opened red from the start and kept falling. “Nvidia breaking the pattern of opening up and then reversing and going down. Today it went down from the get go and then goes lower…. could it be the opposite today?” Jim Cramer observed. Cramer described the semiconductor sector as “very oversold,” suggesting traders should expect attempts to test the moving average “at least once or twice.” Owing to the “inverse Cramer” effect, the comment signals a contrarian view that the current dip could set up a reversal rather than further downside. NVIDIA Stock Performance. Source: TradingView On Micron specifically, Cramer pushed back against bearish calls, arguing that competitors like Applied Materials (AMAT), KLA, and Lam Research were not ramping equipment output, and memory rivals SanDisk, Western Digital (WDC), and Seagate (STX) were not expanding capacity. “That’s why when the smoke clears, you buy, not sell,” stated Jim Cramer. Micron’s Record Quarter Meets Sell-the-News Reaction Micron reported fiscal Q2 revenue of $23.86 billion, nearly tripling from $8.05 billion a year earlier. Adjusted earnings hit $12.20 per share, smashing the $8.60 consensus estimate by more than 41%. The company also guided Q3 revenue to $33.5 billion, well above Wall Street’s $24.3 billion projection. However, MU shares slid roughly 4.4% in after-hours trading. The stock had already surged 62% year to date befo...
High pressure lying over the UK means that above average temperatures and spring sunshine will continue for the next few days. Whilst England and Wales had their temperature peak on Wednesday, Thursday saw the warmest day of the year so far for Scotland and Northern Ireland with the potential for Friday to top that. But the clear skies that bring the sunshine and warm conditions also mean that ove...
High pressure lying over the UK means that above average temperatures and spring sunshine will continue for the next few days. Whilst England and Wales had their temperature peak on Wednesday, Thursday saw the warmest day of the year so far for Scotland and Northern Ireland with the potential for Friday to top that. But the clear skies that bring the sunshine and warm conditions also mean that overnight temperatures can drop significantly. Some locations in the Midlands and south of England experienced a day/night temperature difference of around 21C following Wednesday's warmth, waking up to a Thursday morning frost with similar expected for Friday and Saturday.
(RTTNews) - K-Bro Linen Inc. (KBL.TO) revealed earnings for fourth quarter that Drops, from last year The company's earnings totaled C$2.89 million, or C$0.223 per share. This compares with C$4.24 million, or C$0.398 per share, last year. Excluding items, K-Bro Linen Inc. reported adjusted earnings of C$7.19 million or C$0.554 per share for the period. The company's revenue for the period rose 53....
(RTTNews) - K-Bro Linen Inc. (KBL.TO) revealed earnings for fourth quarter that Drops, from last year The company's earnings totaled C$2.89 million, or C$0.223 per share. This compares with C$4.24 million, or C$0.398 per share, last year. Excluding items, K-Bro Linen Inc. reported adjusted earnings of C$7.19 million or C$0.554 per share for the period. The company's revenue for the period rose 53.8% to C$146.79 million from C$95.45 million last year. K-Bro Linen Inc. earnings at a glance (GAAP) : -Earnings: C$2.89 Mln. vs. C$4.24 Mln. last year. -EPS: C$0.223 vs. C$0.398 last year. -Revenue: C$146.79 Mln vs. C$95.45 Mln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Hours after the startling resignation of HDFC Bank Ltd. ’s chairman, executives at India’s largest private lender hastily arranged a call to assure investors that all was well. Though the stock had tumbled the most in almost two years, management insisted there was nothing material in Atanu Chakraborty’s abrupt departure over “ethics.” Investors weren’t buying it. Less than half an hour into the c...
Hours after the startling resignation of HDFC Bank Ltd. ’s chairman, executives at India’s largest private lender hastily arranged a call to assure investors that all was well. Though the stock had tumbled the most in almost two years, management insisted there was nothing material in Atanu Chakraborty’s abrupt departure over “ethics.” Investors weren’t buying it. Less than half an hour into the call, without any clear explanations, Prashant Periwal of BlackRock Asset Management let loose. “So far, whatever I heard on this call doesn’t make me any wiser than I was an hour ago,” said Periwal. “Look, if it is too early and you guys have no idea why it was happening, how can you say there’s nothing behind it?” he soon added. So it went for HDFC Bank, which spent Thursday trying to explain why Chakraborty, a former senior bureaucrat in Prime Minister Narendra Modi’s administration, left after almost five years as part-time chairman of the Mumbai-based lender. His resignation letter was a stunner: “Certain happenings and practices within the bank, that I have observed over last two years, are not in congruence with my personal values and ethics,” he wrote. Chakraborty, 65, tried to walk back his comments a few hours later, telling a local television channel that his resignation was “routine,” and not indicative of any wrongdoing at the bank. Yet the damage was done. HDFC Bank’s shares tumbled more than 5% on Thursday, the biggest single-day drop since June 2024, when markets slumped following national elections. The plunge wiped out more than $7 billion in market value and weighed on India’s key banking sector index. Analysts and fund managers listened in disbelief as board members struggled to explain what had happened. There were no specific operational or other issues that needed to be highlighted, they said. The board’s oversight mechanism was as robust as ever. Moreover, the banking regulator had promptly approved the appointment of a new chairman for three months t...
Copper and aluminum ticked higher — after suffering major declines on Thursday — in response efforts by the US and Israel to ease concerns about the deepening conflict in the Middle East. Prime Minister Benjamin Netanyahu said Israeli forces would no longer target energy infrastructure, while President Donald Trump vowed not to deploy ground troops against Iran. The comments came after a torrid fe...
Copper and aluminum ticked higher — after suffering major declines on Thursday — in response efforts by the US and Israel to ease concerns about the deepening conflict in the Middle East. Prime Minister Benjamin Netanyahu said Israeli forces would no longer target energy infrastructure, while President Donald Trump vowed not to deploy ground troops against Iran. The comments came after a torrid few hours for commodities on Thursday as oil prices surged, fears of a global economic slowdown increased and metals slid sharply lower. The war in the Persian Gulf has roiled metals markets by threatening a wave of supply disruptions, especially in a global aluminum market that gets about a 10th of output from the region. But broader fears about demand have dominated trading this week. Higher prices for oil and gas will hurt manufacturing and economic activity worldwide, while fueling inflation that forces central banks to take a more hawkish stance on interest rates. This means traders are now closely monitoring crude prices , which eased on Friday. Before the war, some observers of metals markets were already puzzling over a disconnect between relatively high prices and little evidence of the demand to support them. Copper rose 1.2% to $12,286 a ton on the London Metal Exchange as 10:22 a.m. in Shanghai, while aluminum gained 1.1% to $3,289. They were both down at least 3.9% for the week, on track for their biggest declines this year. Iron ore climbed 0.8% to $108 a ton in Singapore.
European Union leaders failed to convince Hungarian Prime Minister Viktor Orban on Thursday to lift his blockade on a €90 billion (US$103 billion) EU loan to help Ukraine keep up its fight against Russia’s invasion. After a summit in Brussels, several leaders voiced deep frustration with Orban, who has cited a dispute over a war-damaged pipeline to justify blocking the implementation of the loan a...
European Union leaders failed to convince Hungarian Prime Minister Viktor Orban on Thursday to lift his blockade on a €90 billion (US$103 billion) EU loan to help Ukraine keep up its fight against Russia’s invasion. After a summit in Brussels, several leaders voiced deep frustration with Orban, who has cited a dispute over a war-damaged pipeline to justify blocking the implementation of the loan agreed back in December. German Chancellor Friedrich Merz accused Orban - who maintains cordial ties with Russia and is running for re-election next month - of an act of “gross disloyalty” that damaged the EU’s reputation and ability to act. Advertisement European Council President Antonio Costa, the chair of the summit, declared: “A deal is a deal, and all the leaders need to honour that word. And nobody can blackmail the European Council”. Hungarian Prime Minister Viktor Orban (left) looks at satellite images showing part of the Druzhba oil pipeline earlier this month. Photo: Hungarian PM’s General Department of Communication via EPA EU officials say that Kyiv could run short of money in weeks if it does not receive new funding and that Orban’s U-turn has called into question the credibility of the European Council, the EU’s highest decision-making body.