Rebel’s Edge Notes

SPX hits Record, DJIA up 700. Global equity indices are trading higher today, with the Nasdaq 100 Index up by approximately 0.9%. This positive sentiment follows a strong performance in U.S. markets yesterday, where major averages surged due to easing oil prices and optimistic manufacturing data, as reported on August 3.

Prediction:

 Oil Prices Drop 

PLTR Up 20%: Palantir Technologies shares surged after the software company crushed Q2 results and raised its full-year outlook. The enterprise software giant reported a 93% growth in overall revenue to $1.94 billion, up from around $1 billion a year ago, and beating LSEG estimates of $1.8 billion. Its commercial revenue jumped 149% to $764 million, and government revenue grew 90% to $809 million. The company expects full-year revenue between $8.15 billion and $8.158 and commercial revenue in excess of $3.424 billion. Palantir was last up 16.3% in premarket trading. Palantir’s Co-founder and CEO Alex Karp described the quarter as “otherworldly,” adding that the sovereign AI revolution makes them “very optimistic about the future. “Revenue surged 93% Y/Y to $1.94B, driven by 149% growth in U.S. commercial revenue and 90% growth in U.S. government revenue. Palantir also issued stronger-than-expected Q3 guidance, lifted its FY2026 revenue forecast to $8.15B-$8.16B from $7.65B-$7.66B, and raised its adjusted free cash flow outlook to $4.5B-$4.7B, citing accelerating demand for sovereign AI and record U.S. commercial contract wins.

SNAP: Snap up 13% but still some 90% under its 2021 high – Shares jumped after the social media company beat Q2 estimates, reported stronger-than-expected user growth, and issued solid Q3 guidance. Revenue rose 19% Y/Y to $1.6B, while daily active users increased 5% to 493M, topping expectations. Snap also narrowed its net loss, more than quadrupled free cash flow to $121M, and projected Q3 revenue of $1.70B-$1.74B, roughly in line with or slightly above estimates.

ON +7%: ON Semiconductor shares climbed after the chipmaker reported better-than-expected Q2 revenue and earnings and issued stronger-than-expected Q3 guidance. The company forecast Q3 revenue of $1.65B-$1.75B and adjusted EPS of $0.81-$0.93, both above Wall Street expectations, citing strengthening demand from AI data centers and growing adoption of its intelligent power solutions.

ZBRA up 18%: Zebra Technologies is up sharply today primarily because of a strong Q2 2026 earnings beat. Zebra (a leader in barcode scanners, mobile computers, RFID, printers, and related automation/visibility solutions) reported broad-based strength. Investors responded enthusiastically to the outperformance and improved guidance, especially after the stock had already seen some pre-earnings optimism. The tech sector was also up modestly on the day, but the size of ZBRA’s move is almost entirely earnings-driven. Shares opened significantly higher and continued strong in early trading. Key results that drove the move Non-GAAP EPS: $6.35 vs. analyst estimates of roughly $4.36–$4.38 (a massive ~45% surprise / beat of nearly $2). Revenue: $1.557 billion, up 20.4% year-over-year, beating estimates of about $1.50 billion. GAAP net income and EPS also showed strong growth. The company raised its full-year 2026 outlook, adding to the positive reaction.