Closing Bell Movers: Palantir rallies 6% after Q4 beat

Major indices reversed two days of heavy losses – compounded by pressure in both precious metals and crypto space – with a session of strong gains on Monday, led by Consumer Staples and Industrials.  The opening hour of the evening session also suggests the risk-on rebound may be durable.  S&P e-minis are up 0.2%, Nasdaq 100 contract is up 0.4%, and Dow Industrials are trading flat.  Earnings calendar rolling through the Tech sector on Monday still supports the AI bull case – Palantir (PLTR) was up 6% afterhours after generating its best annualized growth rate on record at a whopping 7o%.  Performance by reporting Semis was more mixed however, with post-earnings strength in Teradyne (TER) and a sell-off in NXP Semiconductors (NXPI).

In commodities, the rally in WTI Crude Oil taking the contract above $66 last week has been scaled back on Monday, pressuring the overall Energy sector to be the worst performer on the S&P 500.  In evening trade, WTI is below $62 per barrel ahead of tomorrow’s API inventory data.  Precious metals – which saw the spec-driven bubble deflate sharply on Friday is seeing some recovery however – gold is back above $4,800 after falling below $4,500 on Monday and Silver is approaching $83 per ounce after falling to low $70s earlier in the day.

Check out this evening’s top movers from around Wall Street, compiled by The Fly.

HIGHER AFTER EARNINGS – 

• Teradyne (TER) up 23.0%
• Woodward (WWD) up 15.8%
• DaVita Inc. (DVA) up 14.8%
• Palantir (PLTR) up 5.8%

ALSO HIGHER –

• TeraWulf (WULF) up 11.8% after announcing acquisition of two brownfield infrastructure sites
• AES (AES) up 7.7% after takeover interest report from Bloomberg

DOWN AFTER EARNINGS –

• Rambus (RMBS) down 15.8%
• Kforce (KFRC) down 10.9%
• Fabrinet (FN) down 8.1%
• NXP Semiconductors N.V. (NXPI) down 5.6%

ALSO LOWER – 

• Acadia Pharmaceuticals (ACAD) down 6.1% after negative CHMP trend vote in Rett Syndrome