We'll see another busy week for earnings , with reports also coming from BioNTech, GlobalFoundries, Rivia, Occidental, and many more.
Last week brought a string of blockbuster corporate reports. Those will continue in the days ahead, with big tech companies and well-known consumer names set to publish their quarterly financial updates.
Jim Cramer loves controversial tech stock Palantir (NASDAQ: PLTR).
Key Points in This Article: The Pentagon's 2025 defense contracts prioritize warfighting capabilities, focusing on advanced systems and AI-driven technologies to enhance military readiness.
Shares of Palantir Technologies (PLTR -2.46%) have advanced 110% year to date, while shares of Amazon (AMZN -8.09%) have increased just 7%. But most Wall Street analysts are bearish on the former and bullish on the latter:
'Mad Money' host Jim Cramer looks ahead to next week's market moving moments.
CNBC's Jim Cramer walked investors through another week of earnings season, highlighting reports from Berkshire Hathaway, McDonald's and Eli Lilly. He also honed in on earnings from Marriott, Caterpillar and E.l.f Beauty.
Palantir Technologies (PLTR) is scheduled to report second-quarter results after the closing bell Monday, with analysts divided on one of 2025's hottest stocks.
Palantir, the powerful data and AI company with deep ties to US national security bodies, has won a multi-billion-dollar contract to run US Army software and data.
A key coincident indicator tells us that Palantir Technologies Inc.'s ecosystem is rapidly growing., highlighted by key partner growth and a major $10B U.S. Army deal boosting long-term government revenue prospects. The up to $10 billion over 10 years deal with the US Army can provide a massive structural lift to U.S. Government growth CAGRs. I think Palantir tends to low-ball on guidance and outperform Wall St expectations. So I expect another strong performance in Q2 FY25 with beats all around.
My bull case for Palantir Technologies Inc. is now centered on the government segment after the $10 billion U.S. Army deal, as commercial growth lags outside the U.S. The commercial segment, particularly non-U.S., is underperforming when compared to the government unit, with anemic adoption in Europe. In Q1, non-U.S. commercial revenue declined 5% YOY and 11% sequentially, while non-U.S. government revenue grew 45% YOY and 2% sequentially.
Palantir has inked a contract with the U.S. Army worth up to $10 billion over the next decade. The agreement provides purchasing flexibility and removes contract-related fees and procurement timelines, the Army said.