Palantir is 'more than a meme,' it's an AI infrastructure winner, says Piper Sandler's Brent Bracelin
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CNBC
an hour ago
- CNBC
European markets set to open higher; BP, Diageo earnings coming up
Skyline view of the City of London financial district from the viewpoint in Greenwich Park in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Good morning from London, and welcome to CNBC's live blog covering all the action and business news in European financial markets on Tuesday. Futures data from IG suggests a broadly positive open for European indexes, with London's FTSE 100 seen opening 0.3% higher, France's CAC 40 up 0.1%, Germany's DAX up 0.2%, and Italy's FTSE MIB 0.1% higher. Investors on Tuesday will be assessing more tariff news after U.S. President Donald Trump announced plans to significantly raise tariffs on Indian exports to the U.S. "India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits," Trump wrote on the social media platform Truth Social. India responded by saying it was being "targeted" by the U.S. and the European Union over its imports of Russian oil. India markets slipped at the open as investors kept an eye on trade developments between the U.S. and the South Asian nation. Asia-Pacific markets elsewhere traded broadly higher. U.S. stock futures were slightly higher on Monday night, following a rebound on Wall Street on Monday, as investors followed the latest batch of corporate earnings. — Holly Ellyatt Trowbridge in Somerset, England, on March 15, 2025. Anna Barclay | Getty Images News | Getty Images Investors will be keeping an eye on earnings from BP , Diageo, DHL , Infineon and Banco BPM . Middle Eastern oil giant Saudi Aramco will also release an earnings update. French industrial production data is due. — Holly Ellyatt
Yahoo
an hour ago
- Yahoo
Bentley Earnings: What To Look For From BSY
Infrastructure design software provider Bentley Systems (NASDAQ:BSY) will be reporting results this Wednesday morning. Here's what investors should know. Bentley beat analysts' revenue expectations by 1.4% last quarter, reporting revenues of $370.5 million, up 9.7% year on year. It was a very strong quarter for the company, with a solid beat of analysts' EBITDA estimates and an impressive beat of analysts' billings estimates. Is Bentley a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Bentley's revenue to grow 10% year on year to $363.4 million, slowing from the 11.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.29 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Bentley has missed Wall Street's revenue estimates four times over the last two years. Looking at Bentley's peers in the software-as-a-service segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Manhattan Associates delivered year-on-year revenue growth of 2.7%, beating analysts' expectations by 3.3%, and Palantir reported revenues up 48%, topping estimates by 6.8%. Manhattan Associates traded up 7% following the results. Read our full analysis of Manhattan Associates's results here and Palantir's results here. Debates around the economy's health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the software-as-a-service stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3% on average over the last month. Bentley is up 4.3% during the same time and is heading into earnings with an average analyst price target of $54.31 (compared to the current share price of $57.90). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
an hour ago
- Business Insider
U.S. Stock Futures Rise as Wall Street Rebounds, PLTR Stock Pops
U.S. stock futures traded higher on Monday night, following a positive trading session. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were up 0.2%, 0.15%, and 0.18%, respectively, at 10:20 p.m. EDT on August 4. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. In after-hours trading, Palantir (PLTR) stock surged over 3% after announcing quarterly revenue exceeding $1 billion for the first time. On the other hand, Hims & Hers Health (HIMS) stock dropped more than 12% following a Q2 revenue report that fell short of consensus estimates. In Monday's regular trading session, the S&P 500 staged a rebound, jumping about 1.5% and ending a four-day losing streak. The Nasdaq Composite also saw a strong gain of nearly 2%, while the Dow Jones climbed 1.3%. At the same time, the small-cap Russell 2000 jumped over 2%. Looking ahead, investors are focused on a new round of corporate earnings reports on Tuesday, with major companies like Pfizer (PFE), Yum! Brands (YUM), Snap (SNAP), Advanced Micro Devices (AMD), and Rivian (RIVN). Key economic reports such as trade deficit and Services Purchasing Managers Index are also due on Tuesday morning.
