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Luke Kawa

Tweet from Palantir board member’s account says move to Nasdaq “to force billions in ETF buying” and reward investors

Earlier in the day, my colleague Matt Phillips noted how the decision by Palantir Technologies to move its share listing from the NYSE to the Nasdaq could spur another wave of buying from exchange-traded funds that track the Nasdaq 100.

The X account of Alex Moore, a board member at the company, tweeted the quiet part out loud. Quite colorfully.

Per screengrabs of the message:

“We are moving @PalantirTech to Nasdaq because it will force billions in ETF buying and deliver ‘tendies’ to our retail investors. Player haters be aware that we’ve been hated for decades (plural). Everything we do is to reward and support our retail diamondhands following.”

The tweet, and the account itself, no longer exist on X. There are multiple screenshots of this message from different sources.

Tendies, as I’ve previously described in a feature on the WallStreetBets subreddit, are:

“Chicken tenders, the treat an overgrown man-child receives for being a Good Boy.’ Figuratively speaking, tendies are the financial rewards that follow from a successful bold wager.”

Palantir, the top-performing stock in the S&P 500 this year, is a retail darling.

The company did not immediately respond to a request for comment.

The X account of Alex Moore, a board member at the company, tweeted the quiet part out loud. Quite colorfully.

Per screengrabs of the message:

“We are moving @PalantirTech to Nasdaq because it will force billions in ETF buying and deliver ‘tendies’ to our retail investors. Player haters be aware that we’ve been hated for decades (plural). Everything we do is to reward and support our retail diamondhands following.”

The tweet, and the account itself, no longer exist on X. There are multiple screenshots of this message from different sources.

Tendies, as I’ve previously described in a feature on the WallStreetBets subreddit, are:

“Chicken tenders, the treat an overgrown man-child receives for being a Good Boy.’ Figuratively speaking, tendies are the financial rewards that follow from a successful bold wager.”

Palantir, the top-performing stock in the S&P 500 this year, is a retail darling.

The company did not immediately respond to a request for comment.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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