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Today is Tuesday, November 5, 2024.

The Early Bird Index today is 71.80.

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Palantir's "Unrelenting" AI Demand

Data giant Palantir (NYSE: PLTR) surged 13.69% in after-hours trading after posting strong financial earnings results on Monday.

Financials: Palantir reported earnings of 10 cents per share and revenue of $725.5 million; both were better than expected.

Details: The customer count grew by 39% and revenue in the U.S. soared by 44%.

Quote: “We absolutely eviscerated this quarter, driven by unrelenting AI demand that won’t slow down. This is a U.S.-driven AI revolution that has taken full hold. The world will be divided between AI haves and have-nots. At Palantir, we plan to power the winners.” - CEO Alexander C. Karp.

Early Bird’s Nest Egg Gains: Palantir's AI platform is powering its U.S. growth because it allows users to integrate AI across all business functions and quickly automate workflows.

Final Thoughts: Palantir, up 149% this year, is already hitting its all-time high stock price.

AI's NEXT Magnificent Seven

The Original Magnificent Seven Produced 16,894% Average Returns Over 20 Years. $1,000 in each turned into $1.18 million! But the Man Who Called Nvidia at $1.10 Says "AI's Next Magnificent Seven Could Do It Even Faster." He says $1,000 in these seven stocks could turn into $1 million+ in less than six years. The first company on his list just signed a MAJOR deal with Apple, and its tech is going to be included in the iPhone and iMac until 2040! See his breakdown of the seven stocks you should own.

Click Here for the Details.

Notables

Notable Earnings Today: Super Micro Computer (Nasdaq: SMCI), Yum! Brands (NYSE: YUM), Devon Energy (NYSE: DVN), Archer-Daniels-Midland (NYSE: ADM), Lumen Technologies (NYSE: LUMN), Melco Resorts & Entertainment (Nasdaq: MLCO), B&G Foods (NYSE: BGS), Pan Am Silver (NYSE: PAAS), Coupang (NYSE: CPNG), Payoneer Global (Nasdaq: PAYO), Apellis Pharmaceuticals (Nasdaq: APLS), Kinross Gold (NYSE: KGC), iRobot (Nasdaq: IRBT), Marathon Petroleum (NYSE: MPC), Microchip (Nasdaq: MCHP), Louisiana-Pacific (NYSE: LPX), BigBear.ai (NYSE: BBAI), GlobalFoundries (Nasdaq: GFS), Exact Sciences (Nasdaq: EXAS), Builders FirstSource (NYSE: BLDR), DuPont (NYSE: DD), AdaptHealth (Nasdaq: AHCO), Apollo Global Management (NYSE: APO), Arch Resources (NYSE: ARCH), Broadridge Financial (NYSE: BR), Bruker (Nasdaq: BRKR), CONSOL Energy (NYSE: CEIX), Cummins (NYSE: CMI), Emerson (NYSE: EMR), Endeavour Silver (NYSE: EXK), Gogo (Nasdaq: GOGO), Globus Medical (NYSE: GMED), Grocery Outlet (Nasdaq: GO), Henry Schein (Nasdaq: HSIC), Ingredion (NYSE: INGR), LGI Homes (Nasdaq: LGIH), Mercury (Nasdaq: MRCY), MPLX LP (NYSE: MPLX), NeoGenomics (Nasdaq: NEO), Newmark Group (Nasdaq: NMRK), OGE Energy (NYSE: OGE), OUTFRONT Media (NYSE: OUT), Portillo's (Nasdaq: PTLO), Premier (Nasdaq: PINC), Qualys (Nasdaq: QLYS), Restaurant Brands International (NYSE: QSR), Revolve Group (NYSE: RVLV), Rhythm Pharmaceuticals (Nasdaq: RYTM), SNDL (Nasdaq: SNDL), Stevanato Group (NYSE: STVN), Syndax Pharmaceuticals (Nasdaq: SNDX), Timken (NYSE: TKR), Treace Medical Concepts (Nasdaq: TMCI), TopBuild (NYSE: BLD), UL Solutions (NYSE: ULS), Ultragenyx Pharmaceutical (Nasdaq: RARE), VTEX (NYSE: VTEX), Westlake (NYSE: WLK), Xometry (Nasdaq: XMTR).

Notable IPOs Today: Melior AI (Republic), YouSolar (StartEngine), Visible Genomics (StartEngine).

Notable Equity Crowdfunding Campaigns Ending Today: Melior AI (Republic), YouSolar (StartEngine), Visible Genomics (StartEngine).

Notable Economic Events Today: Imports / Exports / Trade Balance (8:30 a.m. ET), S&P Global Services PMI (9:45 a.m. ET), S&P Global Composite PMI (9:45 a.m. ET), ISM Non-Manufacturing PMI / Prices / Employment (10:00 a.m. ET), API Weekly Crude Oil Stock (4:30 p.m. ET).

Dollar Tree CEO’s Abrupt Exit

Dollar Tree (Nasdaq: DLTR) announced that CEO Rick Dreiling is stepping down, which sent the stock up 5.51% in after-hours trading on Monday.

Details: The company also reaffirmed its financial outlook for the quarter.

Final Thoughts: Amid a bad year, Dollar Tree is down 53% (ouch).

Solana Drop as Whale Offloads

A cryptocurrency whale (a name given to someone who owns many digital assets) recently sold off a lot of Solana, causing the price to drop 3% on Monday.

Final Thoughts: Solana’s price is still up 10% in the last 30 days.

Trends to Watch

Bad Outlook: Chipmaker NXP forecasts quarterly revenue below estimates on macroeconomic concerns (Reuters)

No Campaign Trail Here: Meta extends ban on new political ads past Election Day (CNBC)

Correction: 3 reasons why Bitcoin price bottom could have been $67.3K (Cointelegraph)

Super Bad: Super Micro Could Get Delisted From the Nasdaq Stock Exchange, Analyst Says (Barron’s)

Reality Sets in: Viking Therapeutics Tumbles As Obesity Competition Sabotages Its Novo Nordisk Beat (Investor’s Business Daily)

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_{The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.}