Squawk on the Street SOTS 2nd Hour: Goldman’s Chief U.S. Equity Strategist, Palantir’s Blowout Quarter, and The Healthcare Playbook 8/5/25
13 snips
Aug 5, 2025 
David Kostin, Chief U.S. Equity Strategist at Goldman Sachs, discusses the resilience of market margins despite tariff pressures and teases insights on the earnings season. Brent Thill, a Jeffries analyst, reveals Palantir's standout quarter, surpassing $1 billion in revenue, driven by AI advancements. Mackenzie Sagal sheds light on Google's innovative AI initiatives aimed at pushing the boundaries of artificial general intelligence. The trio navigates through market dynamics, tech trends, and the intriguing performance of healthcare stocks.
AI Snips
Chapters
Transcript
Episode notes
Tech Earnings Steer Market Growth
- Big tech's earnings growth heavily drives the market's gains this quarter.
- Six major companies significantly outperformed the rest of the S&P 500 in earnings growth during the current season.
Tariffs Impact Margins But Manageable
- Companies believe they can offset tariff costs by raising prices and pushing back on suppliers.
- Maintaining margins despite tariffs is key for sustaining earnings growth amid economic challenges.
Market Pricing Optimistic on Growth
- Investors price cyclicals assuming 3% economic growth, though actual growth is lower.
- AI infrastructure and application software sectors are currently the main focus of investor interest.