Market Update: Trending Stocks Amid U.S. Market Decline

U.S. stock markets faced a decline today as investor sentiment turned cautious. The Dow Jones index fell by around 120 points, settling at 44,421.91. The NASDAQ composite decreased by 1.2% to 19,391.96, while the S&P 500 index dropped 0.8%, ending at 5,994.57.

Throughout the day, several stocks caught the eye of retail traders and investors, and here’s a closer look at those that garnered attention:

Palantir Technologies Inc.

Palantir Technologies saw a modest uptick of 1.52%, closing the day at $83.74. During trading, the stock touched an intraday high of $84.25 and dipped to a low of $78.47. Over the past year, the stock ranged between a high of $84.25 and a low of $15.67. Notably, Palantir’s stock surged 22.75% in after-hours trading to reach $102.79, exceeding the $100 target predicted by Jim Cramer. Cramer reaffirmed his positive outlook, while analyst Dan Ives from Wedbush called Palantir’s earnings a pivotal moment for its AI growth potential, suggesting it could be the 'next Oracle' in the market, with significant prospects linked to artificial intelligence. The recently reported fourth-quarter revenue of $827.5 million outperformed estimates that anticipated $775.91 million.

NVIDIA Corporation

The stock of NVIDIA declined by 2.84%, closing at $116.66. Throughout the day, shares reached a high of $118.57 and a low of $113.01, with a 52-week range spanning from $153.13 to $66.25. The recent drop is attributed to the implementation of tariffs on tech imports from countries like China, Mexico, and Canada.

PayPal Holdings Inc.

PayPal experienced a slight gain of 1.05%, finishing the session at $89.51. The stock peaked at $89.71 and fell to a low of $86.00 during the day. Over the past year, PayPal's stock has ranged between $93.64 and $55.77. Investors are eagerly awaiting the company's fourth-quarter earnings report set for Tuesday, with estimates predicting an earnings per share (EPS) of $1.12 and a projected revenue of $8.26 billion.

Costco Wholesale Corporation

Costco's shares climbed by 2.65% to close at $1005.83. The stock reached an intraday high of $1009.61 and a low of $968.94, maintaining a 52-week high of $1009.61 and a low of $697.27. Analysts are divided on Costco's outlook, reflecting a mix of sentiment with their raised 12-month price target now averaging $1,041.75, representing a 7.35% increase from $970.38, with estimates varying between $900 and $1,175.

Tesla, Inc.

Tesla's stock took a hit, decreasing by 5.17% to close at $383.68. The day’s trading saw the stock reach a high of $389.17 while dipping to a low of $374.36, with the 52-week range varying from $488.54 to $138.80. The downturn follows the announcement of new tariffs affecting the company’s import practices, having a notable impact on its shares.

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This article provides a snapshot of trending stocks amid broader market movements.

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