The U.S. stock market experienced a minor dip on Monday, with the S&P 500 index closing down approximately 0.3%. The Dow Jones Industrial Average followed suit, dropping 0.6% to 41,794.60, while the NASDAQ Composite Index also declined by 0.3% to 18,179.98. Despite the overall downturn, several stocks caught the attention of retail traders and investors throughout the day.
Palantir Technologies Inc. (PLTR)
: Palantir’s stock experienced a 1.22% decline, closing at $41.41. The company showcased strong third-quarter performance, reporting a 30% year-over-year increase in revenue, reaching $725.52 million. This figure surpassed the consensus estimate of $701.13 million. Notably, U.S. revenue witnessed a 44% year-over-year growth, reaching $499 million, fueled by a surge in demand for AI-driven solutions.
Trump Media & Technology Group Corp. (DJT)
: Trump Media’s stock displayed significant volatility throughout the day, ultimately closing at $34.34, representing a 12.37% increase. The stock has become a proxy for the upcoming presidential election outcome, with its fluctuations mirroring the evolving election dynamics. The last week saw a dip in the stock’s value as the race tightens. Current polls indicate a close contest, with Kamala Harris leading among early voters in several swing states.
Hims & Hers Health, Inc. (HIMS)
: Hims & Hers Health’s stock received a boost, climbing 1.96% to close at $20.76. This surge stemmed from the company’s impressive third-quarter earnings report. Earnings per share reached 32 cents, exceeding expectations, while quarterly revenue hit $401.6 million, surpassing analyst estimates and demonstrating growth from the same period last year.
NXP Semiconductors N.V. (NXPI)
: NXP Semiconductors’ stock experienced a slight downturn, closing at $236.90, down 0.71%. While the company surpassed analyst expectations in its third-quarter earnings, reporting $3.45 per share, its quarterly revenue of $3.25 billion met the consensus estimate but indicated a decline compared to the same period in the previous year.
Tesla Inc. (TSLA)
: Tesla’s stock ended the day down 2.47%, closing at $242.84. In a surprising move, the company, known for its aversion to celebrity endorsements, has signed South Korean pistol shooter Kim Ye-ji as a brand ambassador. This strategic shift signifies a potential change in Tesla’s marketing approach, venturing beyond its traditional advertising strategies.
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