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Palantir's Strategic Move to Nasdaq Sparks Stock Rally
New York, Friday, 15 November 2024.
Palantir Technologies announced a shift from NYSE to Nasdaq, effective November 26, 2024. The move positions the company for potential inclusion in the Nasdaq-100 index, driving investor enthusiasm and boosting stock value. Palantir retains its ‘PLTR’ ticker symbol.
Applied Materials Faces Headwinds as China Sales Decline
Santa Clara, Friday, 15 November 2024.
Applied Materials reports mixed Q4 results with revenue up but profits down. The company’s Q1 forecast falls short of expectations, largely due to a 28% drop in China sales. This highlights the semiconductor industry’s vulnerability to Chinese market fluctuations.
Advance Auto Parts to Slash Over 700 Stores in Major Restructuring
Raleigh, Thursday, 14 November 2024.
Advance Auto Parts announces plans to close more than 700 locations by mid-2025 as part of a strategic overhaul. The move, aimed at improving business performance, includes shuttering 523 corporate stores and 204 independent locations. This significant reduction represents about 15% of the company’s current footprint.
Home Depot Beats Expectations Despite Economic Headwinds
Atlanta, Tuesday, 12 November 2024.
Home Depot’s Q3 earnings surpassed forecasts, with sales rising 6.6% to $40.22 billion. Despite ongoing economic challenges, the company raised its full-year outlook, citing hurricane-related demand and recent acquisitions as contributing factors. However, high interest rates continue to pressure consumer spending on major home projects.