Rest of the Year Will Be Eventful But Still Profitable for Equities: Nomura
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Tim Cook reportedly tells employees Apple ‘must' win in AI
Apple CEO Tim Cook held an hourlong all-hands meeting in which he told employees that the company needs to win in AI, according to Bloomberg's Mark Gurman. The meeting came after an earnings call in which Cook told investors and analysts that Apple would 'significantly' increase its AI investments. It seems he had a similar message for Apple employees, reportedly telling them, 'Apple must do this. Apple will do this. This is sort of ours to grab.' Despite launching a variety of AI-powered features in the past year under the Apple Intelligence umbrella, the company's promised upgrades to its voice assistant Siri have been significantly delayed. And Cook seemed to acknowledge that the company has fallen behind its competitors. 'We've rarely been first,' he reportedly said. 'There was a PC before the Mac; there was a smartphone before the iPhone; there were many tablets before the iPad; there was an MP3 player before iPod.' But in his telling, that didn't stop Apple from inventing the 'modern' versions of those products. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Snap-on Incorporated (SNA): A Bull Case Theory
We came across a bullish thesis on Snap-on Incorporated on The Reservist's Substack by Yehoshua Zlotogorski. In this article, we will summarize the bulls' thesis on SNA. Snap-on Incorporated's share was trading at $321.19 as of July 31st. SNA's trailing and forward P/E were 17.11 and 17.24, respectively according to Yahoo Finance. An engineer at a workbench surrounded by automotive parts, tools, and microchips. Snap-On's latest earnings report reinforces the author's conviction in a trade built on a favorable risk/reward setup. The position, entered with a tight downside near $300 (a 3% loss), is based on Snap-On's strong fundamentals and dominant market position, which help anchor valuation. The key bullish thesis is that the post-pandemic lull in tool and equipment purchases—now entering its final stages- will fade by late 2025 into 2026, setting up for a cyclical rebound. This quarter supports that view: the Tools Group returned to growth (+1.7%) after four quarters of decline, RS&I also expanded, and while C&I fell 8%, the drop was attributed largely to temporary effects, with a recovery seen as the quarter progressed. Management continues to deflect with macro and geopolitical explanations, but the author sees the stagnation as a result of pandemic-era pull-forward, supported by weak financing data for big-ticket items. As these loans roll off over their typical four-year cycles, demand should return. The author also sees Snap-On as a likely beneficiary of tariff relief and potential industrial spending from the so-called 'Big Beautiful bill,' both of which could drive relative outperformance. Meanwhile, margins remain strong, cash builds, buybacks persist, and the 2.75% dividend provides a steady return while awaiting the upturn. The stock could rise 30% back to its historical $370–390 range, with minimal downside. Sized at 4% of the portfolio, the position provides lower beta industrial exposure while retaining the upside target common across the author's broader trading strategy. Further adds are possible on dips near $300. Previously, we covered a on Snap-on Incorporated (SNA) by William Fleming-Daniels in November 2024, which highlighted strong margins, stable cash flow, and long-term growth. The company's stock has depreciated ~11% since our coverage, as the thesis hasn't played out yet. Yehoshua Zlotogorski shares a similar view but emphasizes a near-term cyclical rebound driven by financing roll-offs. Snap-on Incorporated is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 36 hedge fund portfolios held SNA at the end of the first quarter which was 32 in the previous quarter. While we acknowledge the potential of SNA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Analyst updates Palantir stock forecast before key earnings
Analyst updates Palantir stock forecast before key earnings originally appeared on TheStreet. Palantir () , the hot AI stock that's doubled this year, is making waves again. The company has recently secured another contract with the U.S. Army worth up to $10 billion over the next ten years. According to a release, Palantir will improve the Army's operational efficiency by creating a 'comprehensive framework for the Army's future software and data needs.' 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 The deal consolidates multiple contracts into a single enterprise agreement, giving the Army more flexibility in purchasing software and services. It also reduces procurement delays and contract-related fees. Palantir is known for providing AI-driven data analytics software to the U.S. government, military, and commercial clients. The stock soared 340% in 2024 as demand for AI infrastructure surged across sectors. Investors are now watching closely ahead of the company's second-quarter earnings report, which is set for August 4 after the bell. What to watch for Palantir's second quarter earnings Three months ago, Palantir delivered robust earnings for the first quarter and issued a strong forecast for the second, yet the stock tumbled 12% on the following trading day. Palantir's first-quarter revenue beat was primarily fueled by robust U.S. sales, which rose 55% year-over-year. U.S. commercial revenue jumped 71%, while government revenue grew 45%. U.S. revenue accounted for about 71% of the total."We are in the middle of a tectonic shift in the adoption of our software," CEO Alex Karp said. 'We are delivering the operating system for the modern enterprise in the era of AI. Consequently, we are raising our full-year guidance for total revenue growth to 36% and our guidance for U.S. commercial revenue growth to 68%.' Palantir projects second-quarter revenue of $934 million to $938 million, surpassing the consensus estimate of $899.1 million. Just days ahead of its second-quarter earnings report, Palantir was trading near record levels. On July 31, the stock reached an all-time intraday high of $160.89. It closed at $154.27 on August 1, weighed down by a broader market slump. With that sharp surge, investors question whether Palantir's valuation is running too far ahead of its fundamentals. The stock currently trades at 277x forward earnings, well above other software providers like Microsoft () , which is 34x, and Salesforce () , which is 22x. Still, D.A. Davidson's head of technology research, Gil Luria, argued that Palantir is being driven up by 'very loyal' individual investors who prioritize the company's mission over its valuation. Analyst bullish on Palantir stock before earnings Wedbush reiterated an outperform rating and a price target of $160 for Palantir stock ahead of its earnings, according to a recent research note. Analysts led by Daniel Ives said the recent deal with the U.S. Army represents an additional tailwind, which places Palantir in the sweet spot to benefit from "a tidal wave of federal spending on AI.""We continue to believe that Palantir's unique AI software approach will be a positive growth catalyst as governments look to further increase efficiency with more software/lower headcount," Ives wrote. The analysts expect to hear more about this deal and strong AI-driven results when Palantir reports earnings. More Palantir Veteran trader surprises with Palantir price target and comments Musk moves xAI, Grok onto Palantir turf Veteran analyst sends bold message on Palantir stock target Palantir makes surprise move into weather This note follows Wedbush's earlier update on July 10, when the firm raised its price target on the stock from $140 to $160. "We believe Palantir has a 'golden path to become the next Oracle' over the coming years and while the valuation is expensive today we see the Messi of AI as a core winner in the trillions of AI spend over the next few years," Ives updates Palantir stock forecast before key earnings first appeared on TheStreet on Aug 3, 2025 This story was originally reported by TheStreet on Aug 3, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
