Palantir Levels to Watch as Retreats from Record High
19 minutes ago
Palantir Technologies (PLTR) shares plunged in early trading Thursday after hitting a record high yesterday before reversing course and closing 10% lower.
The late-session drop on Wednesday followed a report that the Trump administration has directed the Pentagon to make sizable cuts to the U.S. defense budget. The move could negatively affect military contractors such as Palantir, which derived more than 40% of its fourth-quarter revenue from the U.S. government and recently extended a contract with the U.S. Army.
Palantir shares have continued to trend higher throughout most of February after staging an earnings-driven breakaway gap above an ascending triangle earlier this month. However, momentum appeared to shift in Wednesday’s trading session after the stock rallied to a new high before closing below the prior day’s low, forming a bearish engulfing pattern in the process.
Investors should monitor support levels on Palantir’s chart around $100, $85, and $66.
The stock was down 11% at around $101 about an hour after Thursday’s opening bell. Despite the sharp drop over the past two sessions, the stock is still up more than 300% over the past 12 months.
Read the full technical analysis piece here.
Walmart Stock Drops on Disappointing Outlook
51 minutes ago
Walmart (WMT) reported better-than-expected fourth-quarter results Thursday, but its guidance came in short of estimates, sending shares sharply lower in early trading.
The retail giant posted adjusted earnings per share of $0.66 on revenue of $180.55 billion for the final quarter of fiscal 2025. Analysts polled by Visible Alpha were looking for $0.64 and $180.31 billion, respectively.
Walmart’s guidance for the first quarter and fiscal 2026 missed expectations. It said it expects revenue to grow 3% to 4% in both the first quarter and full year, while analysts had expected 3.7% and 4.2% growth, respectively. The company sees adjusted EPS between $0.57 and $0.58 in the first quarter and $2.50 to $2.60 for the year, both below consensus.
A number of analysts had lifted their price targets in the weeks leading up to Walmart’s earnings, citing optimism that the retailer was likely to top fourth-quarter estimates. They also said they expected Walmart to issue guidance more conservative than estimates, as it had done previously.
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Walmart shares were down 6% in early trading, leading decliners in the Dow Jones Industrial Average. Despite the early-session slide, the stock is up about 66% over the past 12 months, far outpacing the Dow’s performance over the period.
Carvana Stock Price Levels to Watch After Post-Earnings Drop
2 hr 19 min ago
Carvana (CVNA) shares moved sharply lower in premarket trading Thursday despite a better-than-expected earnings report from the used car retailer.
Through Wednesday’s close, Carvana shares had gained 40% so far in 2025 and were up more than five-fold over the past 12 months, as investors bid the stock higher on expectations of improved profitability and the company’s efforts to reduce its debt.
Carvana shares have traded within an ascending channel since April last year, with the price tagging the pattern’s upper and lower trendlines on several occasions over that time. the stock hit a fresh record high during Wednesday’s trading session before reversing to form an ominous shooting star ahead of the company’s quarterly results, a candlestick pattern that signals a potential move lower.
Investors should watch important support levels on Carvana’s chart around $235, $210, and $175, while also eyeing the ascending channel’s upper trendline, currently at $375, as a future resistance area.
The stock was down 8% in recent premarket trading at around $259.
Read the full technical analysis piece here.
Major Index Stock Futures Point to Lower Open
3 hr 1 min ago
Futures tied to the Dow Jones Industrial Average were down 0.3%.
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S&P 500 futures were off 0.3%.
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Nasdaq 100 futures also slipped 0.3%.
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