Palantir Soars, China's Rally, Lilly Gains, Tesla: Worst Performing S&P Stock in '24 2/6/24
Squawk on the Street
English - February 06, 2024 15:31 - 42 minutes - 39.1 MB - ★★★★ - 489 ratingsBusiness News News Business Investing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Caterpillar CEO Exclusive, More 2024 Woes for Tesla and Musk, Meta's $200B Rally. 2/5/24
Next Episode: Cramer's Morning Take: Eli Lilly 2/6/24
Carl Quintanilla, Jim Cramer and David Faber led off the show with Palantir shares soaring on a Q4beat and strong guidance, driven by AI demand. The anchors also reacted to earnings call comments from the company's CEO Alex Karp on China and the growing geopolitical dangers. Speaking of China, that country's stocks posted their best day in almost two years -- as Beijing looks to reverse a market slump. Also in focus: Eli Lilly hits a fresh record high as demand for its obesity drugs drives better-than-expected Q4 results and guidance, Tesla gets hit with a downgrade and becomes this year's worst-performing stock on the S&P 500, Spotify surges on strong user growth and guidance.