This article highlights the earnings results and share prices of Caterpillar, Palantir Technologies, DoorDash, Arista Networks and Eli Lilly, five U.S. companies whose results were well received by the market last week.
U.S. markets rose last week, led by gains in semiconductor and large technology stocks that had finished reporting their earnings. Lower crude oil prices supported the market by pushing down long-term interest rates, and the S&P 500 reached a record high. In the second week of August, weaker-than-expected employment data also reduced expectations for further rate hikes, while market conditions for stocks outside the AI-related sector became more stable.
The companies highlighted this week as last week's earnings winners were Caterpillar (CAT), Palantir Technologies Class A (PLTR), DoorDash Class A (DASH), Arista Networks (ANET) and Eli Lilly (LLY), with charts showing their respective share prices and earnings overviews. CAT reported strong growth in North American construction equipment sales, while its backlog also increased significantly. PLTR continued to deliver sales growth in the commercial sector and raised its full-year outlook. DASH reported a substantial year-on-year increase in adjusted EBITDA, despite higher expenses associated with expanding its range of businesses and investing in AI. ANET showed accelerating data center sales, while growth in LLY's obesity treatment drugs exceeded market expectations.
The investment indicators for this week's five stocks, based on Charts 3 and 4, show CAT at approximately $842.19, PLTR at approximately $172.01, DASH at approximately $216.26, ANET at approximately $188.67 and LLY at approximately $1,185.71, with each company's earnings highlights also listed. Upcoming events that could influence overall market trends include July inflation data and the filing deadline for institutional investors' reports on their holdings.