Why Palantir Stock Triumphed on Tuesday

Eric Volkman, The Motley Fool
·1 min read

There is opportunity in distress, at least as far as Palantir Technologies (NYSE: PLTR) is concerned. On Tuesday, a Bank of America Securities analyst pointed out that the next-generation data analytics company stands to benefit mightily from increasing worries about user-privacy rights from an emerging technology. In a new research note, BofA prognosticator Mariana Pérez Mora wrote about the growing controversy over how websites and other entities use facial recognition technology (FRT) data.

Continue reading
  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • U.S. punches ticket to Para hockey's gold-medal game

    CALGARY — The United States will be playing for gold Sunday at the World Para Ice Hockey Championship at WinSport Arena. The team, which advanced to its ninth straight gold-medal game with a 3-1 win over Czechia in Friday's semifinal, will either face Canada or China, who are squaring off in Friday's second semifinal. Malik Jones of the U.S. national team, scored the go-ahead goal with 7:01 remaining in the game. “It was a challenging environment for us today, we struggled to finish a few chance

  • Eurovision: Ireland’s Bambie Thug ‘cried’ when Israel made it to the final

    The organisers behind Eurovision have repeatedly rejected calls to ban Israel from the contest amid its ongoing war on Gaza

  • 1 of 3 teens charged with killing a Colorado woman while throwing rocks at cars pleads guilty

    One of three teens who was charged with killing a 20-year-old woman while throwing large rocks at passing cars in Colorado pleaded guilty on Friday to reduced charges under a plea agreement, prosecutors said. The deal reached with Zachary Kwak, 19, requires him to cooperate in the prosecution of the two other teens still being prosecuted on first-degree murder charges in the death of Alexa Bartell. Karol-Chik and Koenig have both pleaded not guilty.

  • The US may be 'sleepwalking' into a recession as cracks form in the labor market, top economist says

    Several financial models are already showing the US economy is on its way to a hard-landing, according to top economist David Rosenberg.

  • Stevie Wonder says Drake-Kendrick beef is a ‘distraction’ from real wars

    Legendary musician raised the subject of ongoing wars and homelessness when asked about the feuding rappers

  • Driver fell asleep before crash that killed 3 workers, PSP says

    Pennsylvania State Police say a box truck driver who hit and killed three workers along I-83 in York County last month fell asleep at the wheel.

  • 1 person pulled from Sacramento house fire

    One person was pulled from a burning house on Friday, according to the Sacramento Fire Department.

  • YRT ridership up 36 per cent, nearing pre-pandemic levels

    The amount of people riding York Region Transit (YRT) has almost returned to the pre-pandemic numbers. In a recent meeting, York Region council announced in its 2023 Transit System Performance Report that ridership last year reached 21.1 million, a staggering 36.6 per cent increase over 2022 ridership. Transit numbers in the region prior to COVID-19 reached 22.3 million in 2019, but two years later only 9.4 million had used the service. Those ridership numbers jumped to 15.5 million in 2022 and

  • Jalen Brunson starts for New York Knicks despite injured right foot

    INDIANAPOLIS (AP) — New York Knicks guard Jalen Brunson started Game 3 against the Indiana Pacers on Friday night despite having a sore right foot. The All-Star is averaging a league-high 35.6 points in the postseason, leading the Knicks to a 2-0 lead in the Eastern Conference semifinals. Brunson was injured late in the first quarter Wednesday night but returned in the second half and helped the Knicks rally for a 130-122 victory. Brunson is irreplaceable for the severely short-handed Knicks. He

  • California has a multibillion-dollar budget deficit. Here's what you need to know

    SACRAMENTO, Calif. (AP) — California has a huge budget problem that could force thorny decisions from Democratic leaders who enjoyed a more than $100 billion surplus just three years ago. This is the second year in a row the nation’s most populous state is facing a multibillion-dollar shortfall. State revenues have continued to fall amid increasing inflation and a slowdown in the state’s usually robust technology industry. Democratic Gov. Gavin Newsom on Friday announced his plan to address the

  • Flood compensation advances reconciliation: Naicatchewenin chief

    NAICATCHEWENIN – Settling an old flood claim “is a positive step towards addressing historical wrongs and advancing reconciliation,” Chief Wayne Smith said. Along with provincial and federal representatives, the Naicatchewenin chief announced a settlement that sees his First Nation receive $21.8 million in total compensation. Just over $11.8 million of that sum is from the federal government, the remainder from Ontario. The agreement between Naicatchewenin and the other two governments settles f

  • Sault fire service debuts new PFAS-free gear

    The Sault Ste. Marie Fire Service received a shipment of new bunker gear earlier this week, which amounted to way more than a simple change of wardrobe. During a Thursday afternoon press conference, Chief Peter Johnson explained this personal protective equipment doesn't contain any of the usual per-and polyfluoroalkyl substances (PFAS), a group of nearly 15,000 synthetic chemicals that have been used in the manufacturing of consumer and industry products for decades. This includes firefighting

  • The View host puts sordid twist on OJ Simpson’s infamous line for Trump: ‘If the condom don’t fit, then you must acquit’

    The panel of the daytime chat show discussed whether former president could be convicted in his hush money trial

  • Eurovision final: Seven things to look out for

    A look at some of the most eye-catching performers, ahead of the grand final on Saturday night.

  • How to get Zendaya's Challengers on DVD

    Zendaya's hit romantic drama Challengers will be coming to home video later this year.

  • The Chi’s Emmett Somehow Gets Himself in Deeper (?!) Danger With Douda — Read Recap, Grade Premiere

    The Chi’s Emmett is a smooth talker, as he himself notes in this week’s midseason premiere. “I’ve got the gift of gab,” he confidently tells Jada and Darnell. “With women, not criminals!” his mother shoots back. It’s an important point, given the conversation that Emmett thinks he’s ready for by the end of the episode. …

  • Director James Holloman Acquires 20,400 Shares of Vestis Corp (VSTS)

    On May 8, 2024, James Holloman, Director at Vestis Corp (NYSE:VSTS), purchased 20,400 shares of the company, as reported in a recent SEC Filing.

  • Insider Buying: EVP, CLO and General Counsel Timothy Donovan Acquires Shares of Vestis Corp (VSTS)

    Timothy Donovan, the Executive Vice President, Chief Legal Officer, and General Counsel of Vestis Corp (NYSE:VSTS), purchased 12,975 shares of the company on May 10, 2024.

  • Major solar storm hits Canada, bringing risks and prospect of spectacular aurora

    Canada's space weather agency warned Friday of a "major geomagnetic storm" that was hitting the country and could have severe impacts on power systems, satellites and other infrastructure. Space Weather Canada said the storm associated with massive solar flares was striking all of Canada Friday afternoon. The U.S. National Oceanographic and Atmospheric Administration issued its first geomagnetic storm watch since 2005 and said the storm was a "potentially historic event." Such events can cause f

  • Insider Sale: Director Avi Zeevi Sells 94,342 Shares of Payoneer Global Inc (PAYO)

    On May 9, 2024, Avi Zeevi, Director at Payoneer Global Inc (NASDAQ:PAYO), executed a sale of 94,342 shares of the company.