Stocks to Watch: Palantir, Coinbase, Nike
The military software firm Palantir (PLTR) is the key stock to watch today. The stock is on a year-long uptrend. After a notable dip in February and again in April, the stock exhibited unusual selling on June 27. Palantir stock dropped by 9.37% that day.
Investors likely booked profits on PLTR stock after it reached an all-time high on June 25. Risks are high that $147.67 is the peak. The stock gained 432.33% in the last year and 72.87% YTD.
Coinbase (COIN) dropped back to the $363 range after touching $382.00 late last week. At a 66.2 times price-to-earnings ratio, the monthly gain of 38.99% may not hold. The Senate passed a bill that helps stablecoins. That would give Coinbase’s platform a boost. Still, competition for deposits will grow as firms market their services aggressively.
Nike (NKE) gained 20.49% last week after posting weak earnings and revenue. The company is expecting tariffs would increase its costs by around $1 billion. Still, Nike CFO Matthew Friend said that China’s manufacturing capacity and capability are important to its global sourcing base.
NKE stock closed at a forward P/E of 41.49 times. However, sales in China fell by 13% Y/Y in fiscal 2025. Investors liked its plans to relocate its supply chain outside of China. This will increase its costs, pressuring its operating margins.
