Rackspace Shares Skyrocket 50% on Palantir AI Partnership: A New Era for Managed Infrastructure
Rackspace Technology's shares surged by 50% following a strategic partnership with Palantir Technologies, aiming to integrate Palantir’s AI Platform into Rackspace’s private and sovereign cloud environments. This alliance positions Rackspace as a key player in enterprise-grade generative AI, especially for highly regulated industries, signaling a significant "AI turnaround" for the company. The market reacted strongly, with analysts noting a massive short squeeze and fundamental repositioning, and this partnership marks a shift towards "Intelligence-as-a-Service" and "Sovereign AI" amid growing demands for data security and localization.
Stocks Fall, Oil Jumps On Iran Fears; GE Aerospace, Planet Labs, Cameco In Focus
Stocks experienced a decline while oil prices surged due to fears surrounding Iran. The article highlights market action for the day and focuses on key stocks to watch, including GE Aerospace, Planet Labs, and Cameco. This report features analysis from Alexis Garcia and Ed Carson on Investor's Business Daily.
Church & Dwight (CHD) Gets Upgrade from Rothschild & Co Redburn on More Attractive Valuation
Church & Dwight (CHD) received an upgrade from Rothschild & Co Redburn to Neutral from Sell, with a price target increase to $91 from $81. This upgrade is attributed to a more attractive valuation for the stock, as the firm's earlier cautious view, based on expected growth slowdowns, is now considered less relevant. The company also recently reported strong quarterly results, exceeding Wall Street expectations, driven by steady demand for household products and an anticipated gross margin expansion in 2026.
TTM Technologies Stock Climbs on Strong Financial Projections
TTM Technologies Inc. (NASDAQ: TTMI) has seen its stock climb by 7.86% driven by strong financial results, a new multi-year defense contract with Raytheon valued at $200 million, and its upcoming inclusion in the S&P MidCap 400 index. The company reported an EPS of $0.70 and revenue of $774.3M, both exceeding forecasts, demonstrating robust demand from sectors like Data Center Computing and Aerospace. These developments have significantly boosted investor confidence, despite analysts noting the firm's higher valuation ratios.
Rackspace Surges Another 50% Higher on Palantir AI Partnership Hype
Rackspace Technology (RXT) shares have surged significantly following an AI partnership announcement with Palantir Technologies (PLTR), with the stock initially jumping 227% and then another 50% in morning trading. While the collaboration is presented as a game-changer for Rackspace in the AI sector, the article cautions investors that fundamental financial issues persist, including stalled revenue, continuous quarterly losses, and substantial long-term debt. The author advises caution, suggesting Rackspace remains a risky bet amid what is perceived as inflated AI hype.
ISG to Assess Palantir Ecosystem Partners
Information Services Group (ISG) has launched a research study to evaluate providers within the Palantir ecosystem, focusing on their capabilities in consulting, implementation, operations, and AI-driven analytics. The findings will be published in the "Palantir Ecosystem Partners" report in July 2026, helping enterprises identify partners for scaling AI, integrating complex data, and achieving business outcomes. The study will cover two key quadrants: Palantir AI Implementation and Engineering Services, and Palantir Managed and Operational Excellence Services.
Opendoor Stock Eyes Best Day Since November After Earnings
Opendoor Technologies Inc (NASDAQ:OPEN) saw its shares surge by 15.5% after reporting impressive Q4 revenue of $736 million, significantly exceeding analyst expectations. The company also reported a narrower-than-expected quarterly loss and anticipates achieving net income positive by year-end. This rally marks the stock's best daily performance since November, driven partly by a potential short squeeze and a shift in previously bearish options trading sentiment.
Can BigBear.ai Monetize Growth in Travel & Border Security AI?
BigBear.ai (BBAI) is strategically expanding its AI solutions into the travel and border security sectors, notably with a new office in Abu Dhabi and partnerships enhancing border surveillance and cargo inspection. The company aims to monetize these initiatives through significant contract wins within government agencies, leveraging integrated AI platforms. Despite recent stock underperformance, BigBear.ai has a substantial backlog and a strengthened balance sheet, positioning it to compete with industry giants like Palantir and Leidos in this growing market.
Rackspace Technology Stock Skyrockets Amid Strategic Partnership with Palantir
Rackspace Technology Inc. (RXT) stock soared by 38.62% following the announcement of a strategic partnership with Palantir. This collaboration will see Rackspace enhance its services by deploying Palantir's Foundry and AI Platforms in private and UK sovereign data centers, particularly targeting regulated industries. The partnership aims to significantly expand Rackspace's Palantir-trained engineering team, indicating a strong focus on AI-driven growth and innovation.
Rackspace Technology Stock Surges on Palantir Partnership
Rackspace Technology Inc. (NASDAQ: RXT) stock surged over 11% following the announcement of a strategic partnership with Palantir, where Rackspace will integrate Palantir’s Foundry and AIP platforms. Despite a complex financial picture with a net income of -$67.1M and -13.32% return on assets, the market reacted positively to the growth initiatives and a leadership change. The collaboration is expected to redefine Rackspace's trajectory in controlled cloud-based environments.
CDT’s $115M AI ‘signature’ bet reaches far beyond pharmaceuticals
CDT (Nasdaq: CDT) has announced its acquisition of a 20% equity stake in Sarborg, an agentic AI signature intelligence business, for $115 million. This deal deepens an existing collaboration, expanding CDT's strategic exposure beyond pharmaceuticals by leveraging Sarborg's AI capabilities across various industrial sectors. The transaction, involving common shares and pre-funded warrants, is subject to shareholder approval and has been met with a negative market reaction, with CDT's stock declining by 9.88%.
King Luther Capital Management Corp Acquires 115,809 Shares of Truist Financial Corporation $TFC
King Luther Capital Management Corp significantly increased its stake in Truist Financial Corporation (NYSE:TFC) by 94.2% in the third quarter, acquiring an additional 115,809 shares. This makes their total holdings 238,788 shares valued at $10.92 million. Concurrently, other hedge funds also adjusted their positions, and Truist Financial has seen insider selling from its CFO and a director, while analysts have issued a mix of "Buy" and "Hold" ratings with an average target price of $56.47.
Boeing Brings Defense HQ Back to St. Louis in Major Strategic Shift
Boeing has announced the return of its Defense, Space & Security (BDS) business headquarters to St. Louis, Missouri, a strategic shift aimed at strengthening engagement with its workforce. This move, separating BDS from Boeing's corporate HQ in Arlington, VA, highlights the company's commitment to disciplined performance and its substantial presence in the St. Louis area, a significant aerospace and defense hub. The region produces several key defense aircraft and components, and local officials have praised the relocation for its positive impact on the state's manufacturing sector.
Inside KTOS’ Breakout Week: Hypersonics, Satellite Contracts And Retail Buzz
Kratos Defense & Security Solutions (KTOS) had a breakout week, with its stock jumping nearly 19% after securing defense contracts related to hypersonics and satellite ground segments. UBS initiated coverage with a 'Neutral' rating, highlighting valuation concerns despite the company's growth. Retail sentiment towards KTOS has also become "extremely bullish," with message volumes surging.
Agilent Technologies Stock: Analyst Estimates & Ratings
Agilent Technologies (A) has underperformed the broader market and the healthcare sector over the past year and year-to-date, despite stable fundamentals and a positive long-term outlook. Analysts maintain a "Moderate Buy" rating for the stock, with a consensus price target indicating a significant premium to current levels. The company's stock has faced downward pressure due to market concerns over global tariffs and supply chain issues, even as it continues to meet or exceed earnings expectations.
Q4 Earnings: These Buy-Rated Stocks Crushed Expectations
In the 2025 Q4 earnings cycle, buy-rated stocks Cardinal Health (CAH) and Palantir (PLTR) significantly exceeded expectations. Palantir reported stellar growth with a 70% year-over-year increase in sales and a 34% surge in customer count. Cardinal Health also posted strong results, with sales up 18.8% and adjusted EPS growing 36.3%, leading them to raise their FY26 outlook.
Stocks Fall, Oil Jumps On Iran Fears; GE Aerospace, Planet Labs, Cameco In Focus
Stocks experienced a decline and oil prices surged due to escalating fears regarding Iran. The article highlights key stocks such as GE Aerospace, Planet Labs, and Cameco that are in focus amidst these market movements. Alexis Garcia and Ed Carson discuss the market's performance and these specific stocks in the "Stock Market Today" segment.
Q4 Earnings: These Buy-Rated Stocks Crushed Expectations
This article highlights strong Q4 earnings reports from two "Buy-rated" companies, Palantir (PLTR) and Cardinal Health (CAH). Palantir demonstrated stellar growth with $1.4 billion in sales, up 70% year-over-year, and significant contract value closures. Cardinal Health posted a double-beat with sales soaring 18.8% and raised its FY26 adjusted EPS outlook, reinforcing its "Strong Buy" rating.
Hedge Fund and Insider Trading News: Michael Burry, Steve Cohen, Seth Klarman, Renaissance Technologies, Duquesne Capital, Eisler Capital, First American Financial Corp (FAF), Microsoft Corp (MSFT), and More
This article compiles recent hedge fund and insider trading news, featuring prominent investors like Michael Burry, Steve Cohen, Seth Klarman, and firms such as Renaissance Technologies and Duquesne Capital. Key updates include discussions on Palantir's stock, Steve Cohen's significant earnings, hedge funds' preferred "Magnificent 7" stocks, and notable insider activity in companies like First American Financial Corp (FAF) and Microsoft Corp (MSFT). The article also highlights an Insider Monkey report on a promising, undervalued AI stock.
A Look At Roper Technologies (ROP) Valuation After Mixed Q4 2025 Earnings And Moderated Guidance
Roper Technologies (ROP) recently reported mixed Q4 2025 earnings, leading to a significant decline in its share price despite an adjusted earnings beat. The company is currently considered 29.1% undervalued compared to analyst fair value estimates, trading at $327.60 per share against a target of $462.19. The valuation narrative emphasizes Roper's focus on integrating vertical SaaS platforms and recurring software revenues, but potential risks include M&A integration challenges and competitive pressures.
21,000 Reasons Cogent Communications’ Unusual Options Activity Screams Bull Call Spread
Cogent Communications (CCOI) recently experienced unusually high options trading volume, with 68,987 contracts traded, significantly above its 30-day average. This surge was driven by two specific call options for June 18 ($35 and $50 strikes), pointing to a potential bull call spread strategy by investors. Despite current financial losses and a drastic dividend cut, analysts remain cautiously optimistic due to new revenue streams from wavelength services and IPv4 addresses, combined with cost-cutting from previous acquisitions.
Michael Burry and Palantir: A well-known analyst levels serious accusations
Legendary analyst Michael Burry has renewed his criticisms of Palantir, alleging accounting fraud beyond his previous concerns about its business model and valuation. Burry claims Palantir uses "channel stuffing" and aggressive revenue recognition, evidenced by accounts receivable growing significantly faster than revenue over recent quarters. While Palantir's rapidly growing and complex contracts could explain the lengthening payment cycle, Burry suggests the company is misrepresenting itself as a SaaS and AI firm while operating more like a consulting business.
Beware the Vortex! How a $197 hair gadget sparked a three-month fight with American Express
Joanne Pantaleo bought a $197 Vortex Hair Growth Wand advertised by a U.S.-based company, but when it failed, she discovered the return address was a Chinese warehouse with a $120 shipping fee. American Express initially sided with the merchant on her dispute, despite evidence of misrepresentation. After consumer advocate Christopher Elliott intervened, Amex offered Pantaleo a $100 good-faith credit, highlighting the challenges consumers face with companies that make returns prohibitively expensive.
Pzena Investment Management LLC Has $108.06 Million Stock Holdings in Robert Half Inc. $RHI
Pzena Investment Management LLC significantly increased its stake in Robert Half Inc. (NYSE:RHI) by 33.8%, now holding 3,179,968 shares valued at approximately $108.06 million. Despite this large investment, Robert Half faces analyst concerns, with a consensus "Reduce" rating and a high dividend payout ratio of 177.44%, which may be unsustainable. While the company beat Q3 earnings estimates, revenue declined year-over-year, and its stock trades below its 200-day moving average.
Crocs's Q4 Earnings Call: Our Top 5 Analyst Questions
Crocs reported strong Q4 results, surpassing Wall Street expectations for revenue and adjusted profit, driven by international growth and robust direct-to-consumer sales. Management addressed analyst questions regarding North American outlook, new product introductions, pricing, international growth sustainability, and HeyDude's recovery timeline. The company anticipates continued growth in key regions and aims to stabilize the HeyDude brand in the coming quarters.
Morgan Stanley Keeps Their Buy Rating on BioNTech SE (BNTX)
Morgan Stanley analyst Terence Flynn maintained a Buy rating for BioNTech SE (BNTX) with a price target of $134.00, citing a 60.76% success rate and 12.0% average return. Despite corporate insider sentiment being negative due to increased selling, the overall analyst consensus for BioNTech SE is a Strong Buy with an average price target of $143.80. BioNTech SE reported a quarterly revenue of $1.52 billion and GAAP net loss of $28.7 million in its latest earnings release.
Trump Sends Iran Strike Odds Surging, Says Diego Garcia 'May Be Necessary To Eradicate A Potential Attack'
Donald Trump has dramatically shifted his stance on the Diego Garcia military base, now asserting its potential necessity for strikes against Iran if nuclear negotiations fail. This reversal, occurring after a recent lack of progress in US-Iran nuclear talks, has caused a significant surge in Polymarket's odds for a US/Israel strike on Iran. The article also highlights defence stocks Palantir Technologies (PLTR) and RTX Corp (RTX), along with oil-related ETFs and stocks like USO, UCO, Exxon Mobil (XOM), and Chevron (CVX), as relevant investments in this escalating geopolitical environment.
SCHD ETF gets extremely overbought: Is it a good dividend stock?
The Schwab US Dividend Equity (SCHD) ETF has soared to a record high this year, outperforming the S&P 500 and Nasdaq 100, driven by a rotation from growth to value stocks. While the ETF's strong uptrend is evident, technical analysis suggests it is now highly overbought, with the Relative Strength Index (RSI) at its highest level since May 2021. This indicates a potential retreat in the coming weeks as investors might start booking profits.
Tech Stocks Rebound, Crude Rallies Above $64 On Iran Tensions: What's Moving Markets Wednesday?
Tech stocks saw a rebound on Wednesday, with the Nasdaq 100 jumping 1.4% and Cadence Design Systems leading the gains after strong Q4 earnings and robust 2026 projections. Concurrently, oil prices surged over 3.6% above $64 per barrel, and gold and silver also rallied due to escalating Middle East tensions fueled by reports of potential U.S.-Israeli military action in Iran. Despite the broader tech rally, Palo Alto Networks saw a decline after trimming its annual profit outlook.
RXT stock: Rackspace Technology (NASDAQ) $1.58 intraday Feb 18 2026: Palantir tie-up boosts outlook
Rackspace Technology (RXT) stock surged to $1.58 intraday on February 18, 2026, driven by a new strategic partnership with Palantir, which aims to boost managed AI and sovereign cloud deals. Despite a significant volume spike and short-term bullish sentiment, the company faces mixed fundamentals, including substantial net debt and negative operating margins. While Meyka AI rates RXT a B+ and suggests a BUY, its one-year forecast projects an 81.03% downside, highlighting the divergence between short-term event-driven trading and longer-term model projections.
Rackspace and Palantir Technologies Launch Strategic AI Deployment Partnership
Rackspace Technology and Palantir Technologies have formed a strategic partnership to accelerate enterprise deployment of Palantir's Foundry and AI platforms. This collaboration aims to significantly reduce deployment times from months or years to weeks or months by leveraging Rackspace's cloud infrastructure expertise and its team of Palantir-trained engineers. The initiative also addresses critical data sovereignty and compliance requirements for regulated industries by hosting Palantir software in Rackspace's Private Cloud and UK Sovereign data centers.
Palo Alto Networks' Deals Are Dragging on Its Profit Outlook. The Stock Is Falling
Palo Alto Networks' stock fell after the company lowered its profit forecast for the fiscal year due to higher integration costs from recent acquisitions, including its $25 billion purchase of CyberArk. The cybersecurity firm now expects adjusted earnings per share of $3.65 to $3.70, down from a previous range of $3.80 to $3.90. Despite the lowered outlook, analysts at Morgan Stanley and Wedbush maintained bullish ratings, citing AI as a potential tailwind and underscoring the company's strong position in the cyber market.
Century Aluminum (CENX) Shares Surge 6.3% Despite Missing Q4 EPS by 81% on $75M Tax Credit
Century Aluminum (CENX) shares surged 6.3% despite an 81% miss on Q4 EPS, with investors focusing on a $75 million tax credit payment and a strategic smelter partnership. The company reported full-year revenue of $2.5 billion, up 17.3% year-over-year, and is backed by a significant Section 45X tax credit and plans for capacity expansion. The market anticipates a dramatic profit inflection, driven by increased utilization, tax credit monetization, and sustained aluminum prices.
Israeli drone tech firm with Tampa HQ to go public in $1.5B merger
XTEND, an Israeli drone tech firm with its headquarters in Tampa, is set to go public through a $1.5 billion merger with JFB Construction. The merger will result in a publicly traded defense robotics company based in Tampa, backed by strategic investors including Eric Trump and Unusual Machines. XTEND specializes in software-driven autonomous systems for defense and security, with over 10,000 operational systems deployed globally.
Unusual Machines and Red Cat Holdings Surge With Military Drone Market
Red Cat Holdings Inc. (NASDAQ: RCAT) stock is surging by 8.07% due to significant military drone orders from the Asia-Pacific region and positive preliminary Q4 results. Northland has raised its price target for RCAT, and an ETF by Defiance has further bolstered investor confidence. The company is poised for growth within the defense technology sector, focusing on autonomous systems and advanced reconnaissance.
Heico Corporation (HEI) Earnings Expected to Grow: What to Know Ahead of Q1 Release
Heico Corporation (HEI) is anticipated to report an increase in both earnings and revenue for the quarter ending January 2026, with an expected EPS growth of 5% and revenue growth of 11.6%. Despite a positive Zacks Rank #2, the company's Earnings ESP of -3.07% suggests analysts have become more bearish, making an earnings beat difficult to predict conclusively. Investors are advised to consider Heico's consistent history of beating EPS estimates in the past four quarters alongside its current analyst forecasts.
Dow Gains 100 Points; Analog Devices Posts Upbeat Q1 Earnings
U.S. stocks, led by the Dow Jones, traded higher on Wednesday, with the Dow gaining around 100 points. Analog Devices Inc. reported strong first-quarter earnings, beating analyst expectations and providing upbeat Q2 guidance. The article also highlights leading and lagging sectors, commodity prices, and movements in European and Asian markets, alongside several individual stock movements.
Vance: Iran Won't Acknowledge Trump's Red Lines As Strike Odds Spike To 74%
Vice President JD Vance stated that while Geneva nuclear talks with Iran resulted in an agreement to meet again, Iran has not acknowledged Trump's "red lines," primarily regarding obtaining a nuclear weapon. Meanwhile, Polymarket's odds of a U.S. strike on Iran by December have risen to 74%, indicating market skepticism about diplomatic resolution. The potential for military action is also raising interest in defense stocks like Palantir Technologies (NASDAQ: PLTR) and RTX Corp (NYSE: RTX), and could significantly impact oil prices.
Rackspace Technology (RXT) Partners with Palantir for Enhanced AI Deployment
Rackspace Technology (RXT) has partnered with Palantir Technologies to enhance AI deployment for enterprises by integrating Palantir's Foundry and AIP with Rackspace's structured operating framework. This collaboration aims to accelerate AI implementation, ensure compliance, and address stringent data sovereignty regulations, especially for critical sectors. Despite this strategic move, Rackspace faces significant financial challenges, including declining revenue, negative operating and net margins, and a low Altman Z-Score, indicating potential financial distress.
This Palantir Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday
A Mizuho analyst has upgraded Palantir Technologies Inc. from Neutral to Outperform, setting a price target of $195, indicating a bullish outlook for the stock. This article also highlights four other significant analyst upgrades for companies including Itron Inc., Goosehead Insurance Inc., BIOAGE Labs Inc., and Cadence Design Systems Inc., with increased price targets across the board. The upgrades reflect a positive sentiment from top Wall Street analysts on these respective stocks.
MFA Financial Reports Strong Q4 and Full Year 2025 Results
MFA Financial announced strong Q4 and full-year 2025 results, marked by significant investment growth in Non-QM loan and Agency MBS portfolios, and an enhanced economic return of 9.0% for the full year. The company also authorized a new $200 million stock repurchase program and declared a dividend of $0.36 per share, demonstrating commitment to shareholder value. An investor conference call is scheduled for February 18, 2026, to discuss these financial results.
AI video patent targets personalized clips that keep facts straight
Avalon GloboCare's subsidiary, Avalon Quantum AI, has filed a U.S. provisional patent application for an AI system that generates personalized commentary video variants while maintaining factual integrity. This technology aims to tailor content to diverse audiences by adjusting tone, pacing, and presentation, without compromising accuracy, and has potential applications in areas like financial commentary, sports recaps, and marketing. Despite the innovation, the market reacted negatively, with ALBT stock declining, consistent with prior negative reactions to the company's AI-related announcements.
Chipmakers team up to prepare edge devices for the quantum era
SEALSQ (NASDAQ: LAES) and Lattice Semiconductor have partnered to integrate TPM-based post-quantum cryptography into select Lattice FPGA platforms, addressing the rising need for quantum-resistant technologies in edge computing. They showcased a Proof-of-Concept at Embedded World 2026, demonstrating the technical feasibility of embedding post-quantum security directly into FPGA architectures. This collaboration aligns with the "Year of Quantum Security 2026" initiative, aiming to accelerate the transition to quantum-resistant systems across various high-performance applications.
Profitable Florida brokerage with 138 agents brought fully in-house by La Rosa
La Rosa Holdings (NASDAQ: LRHC) has acquired the remaining 49% interest in its profitable franchisee, La Rosa Realty Prestige, making it a wholly-owned subsidiary. Prestige, operating in Lakeland and Winter Haven, Florida, generated approximately $5.1 million in trailing twelve months revenue and reported positive net income. The acquisition strengthens La Rosa's corporate-owned platform, enhances operational alignment, and integrates Prestige's 138 agents and 420 transactions more fully into its Central Florida operations.
Rackspace–Palantir pact targets faster, governed AI in regulated sectors
Rackspace Technology and Palantir Technologies have announced a strategic partnership to accelerate AI deployment in regulated and data-sensitive environments. Rackspace will provide implementation, data migration, private cloud, and UK sovereign hosting, along with managed operations, to enable enterprises to deploy Palantir's Foundry and AIP in production. This collaboration aims to shorten AI deployment timelines from months or years to weeks or months, capitalizing on Rackspace's 25 years of experience and a growing team of Palantir-trained engineers.
Rackspace Technology and Palantir Technologies Announce Strategic Partnership to Accelerate AI Deployments for Enterprises
Rackspace Technology and Palantir Technologies have formed a strategic partnership to expedite AI deployments for enterprises, focusing on implementing Palantir's Foundry and AI Platform. This collaboration aims to reduce AI deployment times from years to months, especially for regulated industries, by leveraging Rackspace's secure operating model and managed services. The partnership also includes Rackspace hosting Palantir software in its private and UK sovereign data centers and a commitment to scale Palantir-trained engineers to over 250 within a year.
Rackspace and Palantir Partner to Run Foundry and AIP in Production with Governed Managed Operations
Rackspace Technology and Palantir Technologies have announced a strategic partnership to enable enterprises to rapidly deploy and operate Palantir’s Foundry and Artificial Intelligence Platform (AIP) in production. This collaboration will leverage Rackspace's governed operating model and implementation expertise, including data migration and managed operations, to help customers achieve AI-driven business outcomes more quickly, especially in regulated industries. Rackspace plans to scale its team of Palantir-trained engineers to over 250 in the next year to support this initiative.
Robert Half Inc. $RHI Position Cut by Heartland Advisors Inc.
Heartland Advisors Inc. significantly reduced its stake in Robert Half Inc. (RHI) by 54.7% in Q3, selling 151,791 shares, though institutional ownership remains high at 92.41%. While AQR Capital Management notably increased its position, other large managers made adjustments. Analysts have a mixed view, with a "Reduce" consensus and a target price of $33.13, and concerns exist regarding the company's dividend payout ratio despite beating EPS estimates.
Here Are Wednesday’s Top Wall Street Analyst Research Calls: Cadence Design, Crox, Genuine Parts, Kratos Defense, Medtronic, Palantir, StubHub, Transocean, and More
This article summarizes top Wall Street analyst calls for Wednesday, February 18, 2026, including upgrades for Cadence Design, Magna International, Medpace Holdings, Palantir Technologies, and StubHub, and downgrades for Crocs, Genuine Parts Company, IHS Holding, Knife River Corp., and Transocean Ltd. It also lists initiations for CSW Industrials, Kratos Defense and Security Solutions, Medtronic Plc, Modine Manufacturing Company, and Nebius Group NV, alongside a brief market overview of equities, bonds, oil, gold, and cryptocurrencies.
Rackspace Stock Is Soaring on a Palantir Partnership. Should You Chase RXT Shares Here?
Rackspace Technology (RXT) shares surged after announcing a strategic partnership with Palantir Technologies (PLTR) to integrate Palantir's Foundry and AIP with its managed services, targeting highly regulated industries. Despite the significant rally, the article cautions against chasing the stock, highlighting Rackspace's penny stock status, substantial debt, declining revenue, and Wall Street's "Hold" rating. The author suggests the surge is more "AI hype than substance," and that investors should exercise caution.
