Stock Market Live: PLTR Earnings Coverage + Oil Prices Surge - LIVE at 4:10pm ET

True Trading Group
True Trading GroupMay 4, 2026

Why It Matters

Palantir’s earnings highlight the market’s focus on sustainable commercial growth, signaling traders to wait for a breakout before committing capital, while strong earnings elsewhere create fresh short‑term opportunities.

Key Takeaways

  • Palantir beat earnings and revenue but stock stayed flat.
  • Commercial revenue missed expectations, significantly dampening investor enthusiasm.
  • Technical analysis shows support around $120, resistance near $160.
  • Analyst suggests waiting for breakout above $160 before trading Palantir.
  • Pinterest posted strong earnings, stock surged 22% but faces resistance.

Summary

The live stream focused on Palantir’s latest earnings report and broader market moves, including a surge in oil prices and updates on other tech names. Host Michael Perinati broke down the numbers, noting that Palantir delivered a top‑and‑bottom‑line beat and raised full‑year revenue guidance, yet the stock barely moved.

Despite the headline beat, commercial‑segment revenue fell short of forecasts, while government contracts drove the overall surprise. Perinati highlighted key technical levels: support anchored in the $120‑$130 range and a critical resistance cluster around $160, suggesting the stock is in a consolidation phase.

He quoted the company’s statement that the earnings were a “top and bottom line beat,” but emphasized that the miss on commercial revenue likely muted market enthusiasm. The discussion then shifted to Pinterest, which posted a 22% rally on earnings beat but now confronts heavy resistance near $25.

For traders, the takeaway is caution: Palantir may not present a compelling entry until it breaks above $160, while alternative opportunities like Pinterest or other software names could offer better risk‑reward profiles. Monitoring commercial revenue trends will be key to gauging future momentum.

Original Description

📈 Stock Market Today Live: PLTR Earnings Coverage & Iran War Reignites – LIVE at 4:10pm ET
U.S. markets pulled back from recent highs on Monday afternoon as renewed tensions in the Middle East pushed oil prices sharply higher and reignited concerns around inflation and global stability. The Dow dropped more than 400 points, while the S&P 500 and Nasdaq also traded lower as investors reacted to escalating developments tied to the Iran conflict. Energy markets surged, with crude oil climbing back above key levels as uncertainty around supply routes and military activity weighed on sentiment.
At the same time, traders are closely watching one of the most anticipated earnings reports of the day, with Palantir (PLTR) set to release results after the close. As a key player in data analytics and artificial intelligence, Palantir’s (PLTR) performance and forward outlook could have a meaningful impact on tech sentiment and growth stocks. With markets already on edge due to geopolitical risk and rising energy prices, today’s combination of earnings and macro headlines sets up a high-volatility trading environment filled with opportunity.
⚡ What We’ll Cover in This Livestream
• Live breakdown of PLTR earnings results and market reaction
• Key levels and price action on SPY, QQQ, PLTR and other major names.
• How the Iran conflict and rising oil prices are impacting stocks
• What renewed geopolitical tension means for inflation and markets
• AI and tech sector trends following recent earnings reports
• Trade setups and opportunities during today’s volatility
• Live Q&A with the True Trading Group team
📊 Join us LIVE Monday at 4:10PM ET for real-time market coverage and expert analysis.
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For educational and informational purposes only. Not investment advice.
True Trading Group, LLC is not an investment advisor or registered broker.
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