Walmart Downgraded, Palantir Upgraded: Wall Street’s Latest Moves

As of 11:00 a.m. ET on Aug. 4, Walmart (WMT) was trading at $109.91, down 0.72% (-$0.80) from the prior close of $110.71. The stock opened at $109.5025, with an intraday high of $110.21 and a low of $108.56. Wall Street analysts have made a series of rating adjustments, with Walmart downgraded and Palantir (PLTR) upgraded, drawing market attention.^{[Schwab Network]}

Walmart Downgraded, Palantir Upgraded

According to the latest moves from several Wall Street firms, Walmart (WMT) has been downgraded by analysts, while Palantir (PLTR) has been upgraded. Schwab Network's Marley Kayden noted in Friday's market recap that she's watching several companies set to report earnings next week, including Palantir (PLTR), AMD, and SpaceX (SPCX).^{[Schwab Network]}

Palantir shares rose in after-hours trading after the company posted better-than-expected results. Schwab Network's Marley Kayden, Sam Vadas, and Alex Coffey weighed in on the company's performance and the market's reaction.^{[Schwab Network]}

Packed Earnings Week Ahead

Schwab Network's Marley Kayden and Sam Vadas said in Monday's market recap that they're watching Tuesday's earnings, including SpaceX (SPCX), AMD, and the June JOLTS job openings report.^{[Schwab Network]}

According to Benzinga, US stock futures were trading higher Monday morning, with several companies set to report earnings. Wall Street expects Tyson Foods (TSN) to post quarterly EPS of 99 cents on revenue of $14.12 billion before the open; Tyson shares were down 0.6% after hours at $57.60. Marriott International (MAR) is expected to report EPS of $3.09 on revenue of $7.2 billion; Marriott shares were up 0.5% after hours at $374.58.^[Benzinga]

Merger Talk and AI Model News

Schwab Network's Rick Ducat, in Monday's market preview, highlighted reports of merger negotiations between Bristol Myers Squibb (BMY) and AstraZeneca (AZN), as well as Alibaba's (BABA) latest AI model and Marriott's (MAR) post-earnings performance.^{[Schwab Network]}

More Earnings and Market News

Benzinga also noted that Universal Logistics Holdings (ULH) reported Q2 earnings after Friday's close, with EPS of 16 cents beating the analyst estimate of 13 cents, though quarterly sales of $379.323 million came in below the expected $389.600 million. Shares rose 2.8% after hours to $13.75. Williams Companies (WMB) is expected to report EPS of 51 cents on revenue of $2.79 billion after the close; shares closed Friday up 0.9% at $71.54. Vertex Pharmaceuticals (VRTX) is expected to report EPS of $4.73 on revenue of $3.23 billion after the close; shares closed Friday down 1% at $477.10.^[Benzinga]

Separately, Business Today reported that Dabur shares posted their biggest drop in 20 weeks, approaching a 52-week low.^{[Business Today]}

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