Yum China Forms Death Cross After a Golden Cross in October
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Yahoo
21 minutes ago
- Yahoo
Palantir Stock Soars on Rosy Revenue Outlook as AI Demand Surges—Watch These Price Levels
Key Takeaways Palantir shares closed at a record high on Tuesday after the data analytics software provider posted quarterly revenue that surpassed $1 billion for the first time and raised its full-year outlook, driven by robust demand for its AI platform. The stock broke out above the top trendline of a rising wedge pattern in Tuesday's trading session, indicating strong price momentum. The measured move technique projects an upside price target of $201.30. Investors should also watch crucial support levels on Palantir's chart around $148, $125 and $ Technologies (PLTR) shares jumped Tuesday after the data analytics software provider raised its full-year outlook amid booming demand for its AI platform. The company posted quarterly revenue that surpassed $1 billion for the first time, topping Wall Street estimates, and now expects full-year revenue of between $4.14 billion and $4.15 billion, up from $3.89 to $3.9 billion previously. CEO Alex Karp said Palantir's commercial business nearly doubled from a year earlier, while its U.S. business grew 68%, which he attributed to "the astonishing impact of AI leverage." Following the company's blowout results, investment banks Bank of America, Morgan Stanley, and Deutsche Bank raised their price targets on Palantir shares. The stock rose nearly 8% to $173 on Tuesday and has gained about 600% over the past year. The stock has been boosted by the company's increasing business with the federal government and surging enterprise demand for its AI-powered tools. Below, we break down the technicals on Palantir's chart and identify key price levels that investors will likely be watching. Rising Wedge Breakout Palantir shares broke out above the top trendline of a rising wedge in Tuesday's trading session. While this chart pattern often signals a potential trend reversal, a bullish breakout indicates strong price momentum Moreover, the relative strength index confirms bullish price action, though it also flashes overbought conditions, increasing the likelihood of near-term profit taking. Let's apply technical analysis to Palantir's chart to project an upside target if the shares continue their move into price discovery and also identify support levels worth monitoring during possible retracements in the stock. Measured Move Upside Price Target Investors can project an upside target in Palantir shares by using the measured move technique, also known by chart watchers as the measuring principle. When applying the analysis, we calculate the percentage change of the rising wedge near its widest point and add it to the pattern's top trendline value. For example, we apply a 22% increase to $165, which projects a target of $201.30. Crucial Support Levels Worth Monitoring During retracements in the stock, it's initially worth monitoring the $148 level. Profit-taking down to this area, currently just below the rising wedge pattern's lower trendline, could attract buying interest near the June peak. A decisive close below this level could see the shares retreat to around $125. This location may provide support near the prominent February swing high and a period of sideways drift that formed on the chart during May and June. Finally, further selling opens the door for Palantir shares testing lower support at $98. Investors may look for entry points in this region near the closely watched 200-day moving average, the March countertrend peak, and the top of a flag pattern that formed on the chart in mid-April. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own any of the above securities. Read the original article on Investopedia
Yahoo
21 minutes ago
- Yahoo
Countries push for last-minute deals as Thursday tariff deadline looms
An array of trade crosscurrents continued Tuesday afternoon. There has been a push for last-minute deals, continued fuzziness on previously announced trade commitments, and an indication from President Trump that a deal to delay tariffs on goods from China is "close." It all comes as global importers brace for the Thursday morning deadline. That's when President Trump promises to implement a central plank of his trade agenda: a tiered approach to "reciprocal" tariffs ranging from 10% to 50%. Meanwhile, talks continued on varied fronts. For example, the Swiss president announced she would fly to Washington, D.C., to try to win last-minute concessions. She added Tuesday that "the aim is to present a more attractive offer to the United States" to avert a 39% tariff on goods from her nation. Meanwhile, India faces a divergent situation, with Trump telling CNBC on Tuesday morning, "We settled on 25% [tariffs], but I think I am going to raise that very substantially over the next 24 hours." India has slammed Trump's threats as unjustified and has seen its chances of a deal dwindle. Top aides for Indian Prime Minister Narendra Modi are also reportedly traveling this week — not to the US but instead to Moscow. It's all part of a flurry of last-minute moves and a message from Trump that he's full speed ahead, with no plans to delay a tariff increase starting Thursday. Read more: The latest news and updates on Trump's tariffs Trump even teased during the CNBC appearance that he probably won't run for president again but would like to, in part because, in his view, "people love the tariffs." (Trump is, of course, barred by the Constitution from running for a third term, though he's often floated the idea.) Switzerland and India are two countries currently on the outside looking in, but even nations that recently struck a trade deal continued to try to prepare for the tariff piece to take effect. Japan's top trade negotiator is also reportedly due in Washington, D.C., this week for talks to ensure that a plan to cut auto tariffs to 15% proceeds. Likewise, talks with the EU continue as negotiators there are reportedly still pushing for exemptions, such as on wine and spirits. Trump also weighed in Tuesday morning on talks with China. Markets are closely watching for any signs of an agreement to delay a tariff snapback scheduled for Aug. 12, with Trump saying, "We're getting very close to a deal." Trump suggested that he would likely meet with President Xi Jinping "at some point in the not-too-distant future." The president added that new sector-specific tariffs on semiconductors and pharmaceuticals are likely and that at least those pharmaceutical tariffs could be announced "within the next week or so." Read more: What Trump's tariffs mean for the economy and your wallet New details for some nations — and a focus on India and Switzerland There is also some new clarity on some technical details around how the new tariff landscape will likely work beginning at 12:01 a.m. ET on Thursday. US customs officials this week offered additional technical guidance in a new document on how it will handle some tariff exemptions. The news there may give some select importers a short-term breather. But with a full tally, according to Bloomberg Economics, the average US tariff rate is now expected to rise to 15.2% if duties go forward as planned. That's a jump from current rates of 13.3% and another jump from the 2.3% duties seen in 2024 before Trump took office. The overall landscape set to be in effect Thursday will cover nearly every country on the globe. It also comes after Trump and his team set "bespoke" rates largely based on the trade deficit, with many of America's top trading partners seeing a key new standard of 15% tariff, while others will see higher rates. Read more: 5 ways to tariff-proof your finances Countries from the European Union to South Korea to Japan struck deals at that 15% rate, but open questions remain. Other Asian countries have struck deals in the 19%-20% range. Trade Representative Jamieson Greer recently said on CBS that the published rates included many agreements, "some of these deals are announced, some are not," with other nations simply being dictated tariffs based on the level of the trade deficit. Switzerland is one nation for which the US has dictated tariffs. Its delegation will be in Washington on Tuesday to push for lower rates. But on Tuesday morning, Trump suggested that it would be an uphill climb and that a recent call with the country didn't go well because "they essentially pay no tariffs," even as talks are clearly set to continue there. As for India, any immediate offramp appears unlikely because of that nation's connections with Russia and Russian oil. A note Tuesday from Capital Economics suggested that India could, in theory, offer concessions to diversify its energy sources, "but we doubt that India would make a wholehearted effort to wean itself off Russian oil [as it could upset relations and] it would not play well to be seen caving to Trump's demands." At the same time, reports from Bloomberg and the Times of India revealed that two top aides to Indian Prime Minister Narendra Modi are traveling not to the US but to Russia in the coming days and weeks — even amid Trump's ever-escalating threats. Trump on Tuesday morning suggested talks are on ice for now and will be complicated when they resume, adding that "the sticking point with India is that tariffs are too high." This story has been updated with additional developments. Ben Werschkul is a Washington correspondent for Yahoo Finance. Click here for political news related to business and money policies that will shape tomorrow's stock prices
Yahoo
21 minutes ago
- Yahoo
George Kent (Malaysia) Berhad Full Year 2025 Earnings: EPS: RM0.009 (vs RM0.049 loss in FY 2024)
Explore George Kent (Malaysia) Berhad's Fair Values from the Community and select yours George Kent (Malaysia) Berhad (KLSE:GKENT) Full Year 2025 Results Key Financial Results Revenue: RM137.5m (up 2.3% from FY 2024). Net income: RM4.71m (up from RM25.8m loss in FY 2024). Profit margin: 3.4% (up from net loss in FY 2024). EPS: RM0.009 (up from RM0.049 loss in FY 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period George Kent (Malaysia) Berhad shares are down 4.2% from a week ago. Risk Analysis We don't want to rain on the parade too much, but we did also find 4 warning signs for George Kent (Malaysia) Berhad (1 doesn't sit too well with us!) that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 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
