Stock Movers Weekly Roundup: Palantir Gains, Citi Rises on Earnings, Centene Hits Low
Jul 18, 2025
This week, Palantir continues to impress with significant gains, fueled by a major AI investment announcement. On the other hand, Citi's stock shines after a stellar earnings report, benefiting from record trading volumes. In contrast, Centene faces challenges with an 11% decline, grappling with regulatory changes impacting the healthcare sector. The discussion highlights the contrasting fortunes in the market, shedding light on broader investor sentiments and potential growth opportunities.
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Palantir's Outsize Valuation
- Palantir has been the best performing S&P 500 stock this year, doubling in value by July.
- Its market cap of $362 billion contrasts sharply with under $1 billion in quarterly revenue.
Citi Shines With Trading Strength
- Citi outperformed other major banks with a 7.8% stock gain due to robust trading results.
- Their fixed income revenue hit $4.3 billion, surpassing analyst expectations amid market volatility.
Citi's Market Resurgence and Hiring
- Citi's shares reached their highest since 2008, reflecting strong earnings and a buyback plan.
- The bank also aggressively hired senior bankers from JP Morgan to bolster its teams.