S&P 500 Rebounds, Palantir Shares Up 6%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Should l Buy FN?
Major indices reversed two days of heavy losses - compounded by pressure in both precious metals and crypto space - with a session of strong gains on Monday, led by Consumer Staples and Industrials. The opening hour of the evening session also suggests the risk-on rebound may be durable. S&P e-minis are up 0.2%, Nasdaq 100 contract is up 0.4%, and Dow Industrials are trading flat. Earnings calendar rolling through the Tech sector on Monday still supports the AI bull case - Palantirwas up 6% afterhours after generating its best annualized growth rate on record at a whopping 7o%. Performance by reporting Semis was more mixed however, with post-earnings strength in Teradyneand a sell-off in NXP Semiconductors.In commodities, the rally in WTI Crude Oil taking the contract above $66 last week has been scaled back on Monday, pressuring the overall Energy sector to be the worst performer on the S&P 500. In evening trade, WTI is below $62 per barrel ahead of tomorrow's API inventory data. Precious metals - which saw the spec-driven bubble deflate sharply on Friday is seeing some recovery however - gold is back above $4,800 after falling below $4,500 on Monday and Silver is approaching $83 per ounce after falling to low $70s earlier in the day.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Teradyneup 23.0%Woodwardup 15.8%DaVita Inc.up 14.8%Palantirup 5.8%ALSO HIGHER -TeraWulfup 11.8% after announcing acquisition of two brownfield infrastructure sitesAESup 7.7% after takeover interest report from BloombergDOWN AFTER EARNINGS -Rambusdown 15.8%Kforcedown 10.9%Fabrinetdown 8.1%NXP Semiconductors N.V.down 5.6%ALSO LOWER -Acadia Pharmaceuticalsdown 6.1% after negative CHMP trend vote in Rett Syndrome
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy FN?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on FN
Wall Street analysts forecast FN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FN is 544.83 USD with a low forecast of 499.00 USD and a high forecast of 600.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 442.700
Low
499.00
Averages
544.83
High
600.00
Current: 442.700
Low
499.00
Averages
544.83
High
600.00
About FN
Fabrinet is a provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and sub-systems, automotive components, industrial lasers, medical devices and sensors. The Company offers a range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advanced packaging, integration, final assembly and testing. It focuses primarily on low-volume production of a wide variety of high complexity products. It also designs and fabricates applications-specific crystals, lenses, prisms, mirrors, laser components, and substrates (customized optics) and other custom and standard borosilicate, clear fused quartz, and synthetic fused silica glass products (customized glass).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
US Stocks Close Lower as Tech Sector Retreats
- Market Decline: The S&P 500 index fell by 0.84%, the Dow Jones by 0.34%, and the Nasdaq 100 by 1.55%, indicating a sharp sell-off after reaching record highs, which negatively impacted investor sentiment.
- Tech Sector Retreat: Data service and software stocks plummeted following the release of an automation tool by AI firm Anthropic, with Thomson Reuters and EPAM Systems down over 15% and 13% respectively, reflecting a loss of confidence in tech stocks.
- Precious Metals Rally: Gold prices surged over 6% and silver over 8%, leading to gains in mining stocks, with Hecla Mining and Freeport McMoRan rising more than 8% and 6% respectively, indicating increased demand for safe-haven assets.
- Economic Outlook Improvement: Richmond Fed President noted an improving US economic outlook despite ongoing risks, with markets focusing on upcoming economic data and the passage of a spending bill to gauge future economic trends.
See More
Mixed US Stock Performance with Tech Stocks Under Pressure
- Divergent Market Performance: The S&P 500 Index fell by 0.35% today while the Dow Jones Industrial Average rose by 0.13%, indicating a split in market sentiment, particularly as weakness in tech stocks weighed on overall performance.
- Tech Stock Retreat: Following the release of an automation tool for lawyers by AI firm Anthropic, data service and software stocks retreated, with Thomson Reuters down over 17% and Intuit and FactSet both down more than 9%, reflecting a decline in investor confidence in the tech sector.
- Mining Stocks Surge: Gold prices rose by over 6% and silver prices soared by more than 13%, driving mining stocks higher, with Freeport McMoRan and Hecla Mining both up over 6%, indicating a rebound in investor demand for precious metals.
- Economic Data Impact: Despite strong US manufacturing data, the 10-year T-note yield climbed to a 1.5-week high of 4.30%, dampening expectations for further Fed rate cuts and leading to cautious investor sentiment that pressured some stocks.
See More
Mixed Performance in US Stocks as Tech Sector Shows Divergence
- Divergence in Tech Stocks: Despite strong earnings from Palantir Technologies and Teradyne boosting tech stocks, Palantir's shares rose over 5% after forecasting 2026 revenue significantly above expectations at $7.18 to $7.20 billion, well above the consensus of $6.27 billion.
- Precious Metals Rebound: Gold prices increased by more than 6% and silver surged over 13%, leading mining stocks like Freeport McMoRan and Hecla Mining to rise by more than 5% and 4% respectively, indicating a recovery in market demand for precious metals.
- PayPal's Stock Plunge: PayPal Holdings saw its stock drop over 18%, significantly weighing on the Nasdaq 100, as its Q4 net revenue of $8.68 billion fell short of the $8.79 billion consensus, coupled with a CEO change that may impact investor confidence.
- Economic Data Impacting Market Sentiment: While signs of an improving US economic outlook coexist with risks from concentrated hiring in a few sectors and inflation above the Fed's target, the market's expectations for future rate hikes have diminished, with the 10-year T-note yield rising to 4.3%, heightening investor unease.
See More
Fabrinet Shares Drop 15% Despite Strong Q2 Results and Outlook
- Strong Earnings Beat: Fabrinet's fiscal second quarter results exceeded consensus estimates by 5% in revenue and $0.11 in EPS, yet the stock fell 15%, indicating market concerns about future growth prospects despite solid performance.
- Telecom Strength: The telecom segment saw a remarkable 59% year-over-year growth, driven by demand from clients like Ciena and Cisco, while Datacom revenue declined 7% year-over-year, highlighting supply constraints on 200G lasers impacting overall performance.
- High-Performance Computing Surge: The company reported a staggering 456% quarter-over-quarter increase in high-performance computing revenue, primarily from its collaboration on Amazon's Trainium project, with expectations of reaching an annualized run rate exceeding $150 million in the next two quarters.
- Confidence in New Supplier: Management expressed optimism for future growth as NVIDIA has approved a new EML supplier, which is expected to alleviate current supply constraints and drive sequential growth in Datacom revenue in upcoming quarters.
See More
FABRINET STOCK FALLS 12.1% FOLLOWING Q2 RESULTS
- Stock Performance: FabriNet shares have decreased by 12.1% following the release of their Q2 results.
- Market Reaction: The decline in shares indicates a negative market response to the company's quarterly performance.
See More
Rambus Reports Q4 Results Below Expectations, Shares Drop
- Earnings Report: Rambus reported Q4 earnings of $0.68 per share, meeting analyst consensus, while quarterly sales reached $190.2 million, exceeding the consensus estimate of $187.563 million, indicating strong sales performance despite mixed signals.
- Sales Guidance Downgrade: Despite the sales beat, Rambus issued first-quarter sales guidance below estimates, raising concerns about future growth and potentially impacting investor confidence in the company's outlook.
- Stock Price Movement: Following the earnings report, Rambus shares fell 14.2% in pre-market trading to $97.59, reflecting negative market sentiment regarding the company's future performance and possibly prompting short-term investor sell-offs.
- Overall Market Trend: While Rambus shares declined, U.S. stock futures were mostly higher, with Nasdaq 100 futures gaining around 100 points, suggesting an overall optimistic sentiment towards tech stocks, potentially influenced by the performance of other technology companies.
See More
US Stocks Close Lower as Tech Sector Retreats
- Market Decline: The S&P 500 index fell by 0.84%, the Dow Jones by 0.34%, and the Nasdaq 100 by 1.55%, indicating a sharp sell-off after reaching record highs, which negatively impacted investor sentiment.
- Tech Sector Retreat: Data service and software stocks plummeted following the release of an automation tool by AI firm Anthropic, with Thomson Reuters and EPAM Systems down over 15% and 13% respectively, reflecting a loss of confidence in tech stocks.
- Precious Metals Rally: Gold prices surged over 6% and silver over 8%, leading to gains in mining stocks, with Hecla Mining and Freeport McMoRan rising more than 8% and 6% respectively, indicating increased demand for safe-haven assets.
- Economic Outlook Improvement: Richmond Fed President noted an improving US economic outlook despite ongoing risks, with markets focusing on upcoming economic data and the passage of a spending bill to gauge future economic trends.
See More
Mixed US Stock Performance with Tech Stocks Under Pressure
- Divergent Market Performance: The S&P 500 Index fell by 0.35% today while the Dow Jones Industrial Average rose by 0.13%, indicating a split in market sentiment, particularly as weakness in tech stocks weighed on overall performance.
- Tech Stock Retreat: Following the release of an automation tool for lawyers by AI firm Anthropic, data service and software stocks retreated, with Thomson Reuters down over 17% and Intuit and FactSet both down more than 9%, reflecting a decline in investor confidence in the tech sector.
- Mining Stocks Surge: Gold prices rose by over 6% and silver prices soared by more than 13%, driving mining stocks higher, with Freeport McMoRan and Hecla Mining both up over 6%, indicating a rebound in investor demand for precious metals.
- Economic Data Impact: Despite strong US manufacturing data, the 10-year T-note yield climbed to a 1.5-week high of 4.30%, dampening expectations for further Fed rate cuts and leading to cautious investor sentiment that pressured some stocks.
See More
Mixed Performance in US Stocks as Tech Sector Shows Divergence
- Divergence in Tech Stocks: Despite strong earnings from Palantir Technologies and Teradyne boosting tech stocks, Palantir's shares rose over 5% after forecasting 2026 revenue significantly above expectations at $7.18 to $7.20 billion, well above the consensus of $6.27 billion.
- Precious Metals Rebound: Gold prices increased by more than 6% and silver surged over 13%, leading mining stocks like Freeport McMoRan and Hecla Mining to rise by more than 5% and 4% respectively, indicating a recovery in market demand for precious metals.
- PayPal's Stock Plunge: PayPal Holdings saw its stock drop over 18%, significantly weighing on the Nasdaq 100, as its Q4 net revenue of $8.68 billion fell short of the $8.79 billion consensus, coupled with a CEO change that may impact investor confidence.
- Economic Data Impacting Market Sentiment: While signs of an improving US economic outlook coexist with risks from concentrated hiring in a few sectors and inflation above the Fed's target, the market's expectations for future rate hikes have diminished, with the 10-year T-note yield rising to 4.3%, heightening investor unease.
See More
Fabrinet Shares Drop 15% Despite Strong Q2 Results and Outlook
- Strong Earnings Beat: Fabrinet's fiscal second quarter results exceeded consensus estimates by 5% in revenue and $0.11 in EPS, yet the stock fell 15%, indicating market concerns about future growth prospects despite solid performance.
- Telecom Strength: The telecom segment saw a remarkable 59% year-over-year growth, driven by demand from clients like Ciena and Cisco, while Datacom revenue declined 7% year-over-year, highlighting supply constraints on 200G lasers impacting overall performance.
- High-Performance Computing Surge: The company reported a staggering 456% quarter-over-quarter increase in high-performance computing revenue, primarily from its collaboration on Amazon's Trainium project, with expectations of reaching an annualized run rate exceeding $150 million in the next two quarters.
- Confidence in New Supplier: Management expressed optimism for future growth as NVIDIA has approved a new EML supplier, which is expected to alleviate current supply constraints and drive sequential growth in Datacom revenue in upcoming quarters.
See More
FABRINET STOCK FALLS 12.1% FOLLOWING Q2 RESULTS
- Stock Performance: FabriNet shares have decreased by 12.1% following the release of their Q2 results.
- Market Reaction: The decline in shares indicates a negative market response to the company's quarterly performance.
See More
Rambus Reports Q4 Results Below Expectations, Shares Drop
- Earnings Report: Rambus reported Q4 earnings of $0.68 per share, meeting analyst consensus, while quarterly sales reached $190.2 million, exceeding the consensus estimate of $187.563 million, indicating strong sales performance despite mixed signals.
- Sales Guidance Downgrade: Despite the sales beat, Rambus issued first-quarter sales guidance below estimates, raising concerns about future growth and potentially impacting investor confidence in the company's outlook.
- Stock Price Movement: Following the earnings report, Rambus shares fell 14.2% in pre-market trading to $97.59, reflecting negative market sentiment regarding the company's future performance and possibly prompting short-term investor sell-offs.
- Overall Market Trend: While Rambus shares declined, U.S. stock futures were mostly higher, with Nasdaq 100 futures gaining around 100 points, suggesting an overall optimistic sentiment towards tech stocks, potentially influenced by the performance of other technology companies.
See More
