Rebels Edge · Tue, Aug 4, 2026
Palantir Just Silenced the Doubters
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John and Pete Najarian discuss a broad market rally, linking strength to corporate earnings, continued AI investment, and lower crude oil prices. They highlight Palantir’s reported growth and raised outlook, review Snap, ON Semiconductor, Caterpillar, and Zebra Technologies, and conclude with sports commentary.
- The hosts report a record high for the S&P 500 and a Dow advance of more than 700 points.
- They argue that falling crude oil prices are easing inflation pressures and helping reduce market volatility.
- Palantir reportedly surged about 27% after strong quarterly results and a raised full-year outlook, including 93% revenue growth.
- Snap rallied about 14%; improved cash flow and guidance prompted cautious interest despite its steep historical decline.
- ON Semiconductor gained about 7%, supported by solid results, guidance, and strengthening data-center demand.
- Pete reiterates his bullish view of Caterpillar as an indirect beneficiary of AI-related construction.
- Zebra Technologies reportedly rose about 18% after a substantial earnings beat and strong outlook; the hosts suggest watching for cheaper entry opportunities.
- The episode also promotes the Rebel Investors Club and discusses college football contenders and NFL running-back compensation.
Full transcript
Welcome back to a Tuesday rebels edge.
And if you're wondering why the market's up so big today and why we've got the volatility we've got in the markets, well, we're about to tell you. We're going to break down stocks as well as some sports and prediction markets on today's Rebels Edge.
[music] >> [music] >> live from Circa Sportsbook, the world's largest sports book.
>> You're spending a lot of time in that sports book there, fella. [laughter] >> I am. I am. Uh there's there's a lot of sports bets I need to get down, Pete.
um including one that we'll be sharing with you guys for uh Clay Travis, I think, and his uh Las Vegas or not Las Vegas, Nashville venture, but we'll wait for sports for that. [laughter] Meanwhile, I'm John Nagarian. He is Pete
Nagarian. Jared is handling all the complicated stuff today. And we always kick it off with the macro peep, which again today is going to actually be uh pretty interesting because the S&P or
SPY S&P 500 hit a new record. The Dow up over 700 points. And I remember just last week PE people telling us, "Oh, you know, this whole thing's done. Yeah, >> this whole thing, you know, uh all these AI stocks, all these data centers, all
the chip stocks, all the memory, everything, it's all done.
>> Maybe not so much. What do you think, Pete? I I agree with you, John. And it's something that you and I have been talking about for the last 18 months. I went back and looked. I think it's 18 almost 19 months when everybody else was so negative. Hey, this AI, the spending
is just outrageous. What is it? Why is it any good? Well, huh. As I'm looking back at that, John, I'm I'm taking a deep look and saying, well, those seem to be doing pretty well. And that, you know what, whether it's the chip stocks themselves or wherever, wherever you want to go. But that that was something they missed. There was one other thing
that they missed was that AI is not done. It's still going and in some ways it's still starting. But I think that the other thing is earnings. All all these earnings, John, for the last 18 19 months have been crushing it and crushing it and crushing it. 86% so far.
We've had uh on the earning side, revenue side, a little bit lower, call it 80%. But it is something that's been extraordinary. Throw in a little bit of course u maybe a lot with the Iran as well because of the fact that you know two weeks ago John or thereabouts it was
a 92 for WTI 92 bucks. now a little closer to 77 78. So I would say that's given the the markets a pretty nice macro push as well.
>> Yep. And we broke it down for you yesterday, folks. But virtually everything from medicines to the little plastic bottles that the medicines come in to your polar fleece to the shipping to the flights to your cars. virtually
everything is dependent on the price of crude oil.
>> Um so if you take that one input up well things happen bad things in terms of inflation and when it comes down good things and they want to just dismiss that Pete they want to just pretend like well that never happened. I mean, again,
I'll throw it out there one more time.
Under President Obama, we had 100 No, I'm sorry. What am I saying? We had NEARLY A THOUSAND DAYS of $100 crude oil.
>> How many days have we had under this president? And yet Carl and a bunch of our friends, Pete, like to tell us all the time about how disastrous this is for the US economy. Well, who are all these who are all these tech stocks selling to them? Who's buying them?
WHO'S WHO'S BUYING all these iPhones, Pete? Who is um renting the Palunteer uh products? Who is in these data centers?
I mean, I guess nobody, you know, it's all just funny money. It's just turning around. No, people are buying stuff.
People are flying places. People are going on vacations. Yep.
>> But again, you you're welcome, folks.
Turn the channel. Go back over to those four-letter networks and ask them how their trades in Reddit are doing. Ask him how those trades worked out when it dropped 22% and it was the greatest stocks of all time.
>> Ouch. [laughter] A little If it's getting a little warm there, you wonder why. [laughter] Ain't that the truth, John? Let's jump to the VIX itself. You had already teased it a little bit. Anyway, um so I'm looking at it, you know, 1550 up to about 16 and a quarter. I'd say that's
the range right now. Um it's a little bit surprising even that it got back up over 16 a little bit to me anyway. But th those things are going to bounce around a little bit. We'll see. But it certainly is and I think it says a lot about you know how we and we've talked about this. You look at the price of oil and you match it up with you know the
VIX itself. Those are the moves that really do change things from volatility and we have had a very nice cascading lower um as we've watched the price of crude come lower especially over the last week and a half two weeks just like we said it was up there at 18. Well now
here it is at 16 or maybe 15 and change.
So interesting to watch how that VIX is working John.
>> Yeah, down 24% since the 30th of July.
24% folks. But again, man, if it moved up 4%, that'd be a headline on some websites. [laughter] >> Yes.
>> All right. Uh let's tell everybody a little bit about the Rebel Investors Club because folks, the Rebel Investors Club um is something that Pete and I started this past year. Um, we started thinking about it, started saying, "Look, whenever we speak at these
events, people ask us, "How do I get into pre-IPO stocks like SpaceX, which everybody was asking about back then?
Now they're all asking about Anthropic.
They're asking about Androl." Well, we have access to that, folks. So, if you're somebody with just 500 or a thousand bucks, we have specialurpose vehicles. We could get you involved in SPVS. Um, if you're somebody who's that light on the amount of capital you want
to put in, if you're a sevenf figureure investor, in some cases, we can get you right onto the cap table. Uh, which means, of course, that you are taking the place of somebody who's an insider in that company and you have the same responsibilities um until that thing comes public or until they do do the next funding round
and maybe you elect to sell at that point. Um because a lot of these things trade like water. SpaceX was trading like crazy uh right through the last funding round which was around 850 billion dollars. 850 billion folks. And
then Elon said, "Hey, hold on a minute.
Um let me put my uh uh x.com into it." Um and so he did. and SpaceX, which is now 119. I understand that's under the uh um IPO price. But what you guys might
not know is that's still prices it at 1.5 trillion. And math has never been my high skill area, Pete, but it seems like that's almost double the 850 billion that they raised on the LAST ROUND.
[screaming] [laughter] SO ANYWAY, you want access to preipos, you want access to crowdfunding opportunities, you want to know what Pete and John and Mark are investing in as far as some of these great stocks like Naoris, a company that we were involved with and that we uh hosted in
New York at the Carile Hotel, the New York Stock Exchange, Del Monaco, and then over at the Metropolitan Club. You want to get involved in any of that stuff? Well, you join the Rebel Investors Club for a buck a day and you could. So, check it out. Scan the QR code there, folks, because we can get
you involved in all of that with no obligation of you getting involved. Even if you just want to sound smart at a cocktail party like what I just told you. Geez, SpaceX raised the last round at 850 and it's trading at almost double that RIGHT NOW. [laughter] THEY THEY MUST BE REALLY HURTING all those people
in SpaceX. Anyway, uh let's dive in, Pete, to stocks.
>> Yeah, Palunteer. And other than Elon Musk, probably one of the most hated um CEOs is Mr. Alex Karp. Why? Well, because he's a brilliant guy um who is the co-founder and CEO of Palunteer and
it happens to be one of the biggest and brightest tech startups in a generation.
Um, and it was up over 20% last night when they came out with earnings and we had some people that were, you know, buying some ahead of that and it worked out okay for them, I think. But Pete, what do you think here of what's going on in Palunteer? Crushed it. They came
out. They absolutely crushed it. I mean, you know, it's funny. I've been using that expression for a very long time and it's been, you know, working, working, working that it's up 27% as we speak right this moment. So, not so bad. I would say they crushed the Q2 results.
They raised the fullear outlook. That seems like two pretty damn good things to do. Their growth, John, is just absolutely extraordinary because people, even if they don't know what they do, they they're curious about this stock and everything else. as well. 93% growth in revenue, 1.94 billion, up from 1
billion a year ago. Commercial revenue up almost 150%. Full full year rev expected, 8.15 billion. I mean, Alex Karp comes out there and they absolutely crushed it. And it's it's amazing how well they have done. But this specific
uh earnings cycle, I think this is as good as I've ever seen them deliver. I mean, this is phenomenal. It might be one of the best deliveries in this entire uh earning season that we're in.
Unbelievable what they put up, John.
Some of those numbers are they're not numbers that you're any of us are used to seeing. And they're they're delivering. Well, what did Alex Karp, the CEO, call it, Pete? Otherworldly.
Yes. [laughter] He said, "You're right. No one is putting up numbers like we're putting up right now. And it's just getting back to uh they're catching their stride again, Pete, after being beaten up so hard and people just giving up on the stock.
>> Don't turn your back on Alex Karp, folks.
>> Right.
>> All right, let's take a look at Snap SNAP. Now, you know, it's great that it's up 14% today, Pete. It really is.
And I know a lot of people that got in on this IPO. I know uh some venture funds for some four-letter networks that got in on this one, Pete. And it was over $74 a share AT ONE POINT. WELL,
AFTER THAT lockup uh started to hit, it fell and fell dramatically and is now a happy $5.76 after a 14% rally. Now, that's not just me casting shade on some of these jokers
that think that they're investment bankers, Pete, and think that they're traders, but I mean, look at that. Um, this is a social media stock. Social media stocks, everybody loves them. You know, they can make all this money and yes, they can, but not if they have too
much overhead. Elon proved that. He got rid of the overhead. And guess what? X is ruling the social media space and Snap, not so much. BUT IT'S A GOOD DAY FOR Snap anyway. It's a good day and they're turning the corner, I think. And that doesn't mean I think they're going
to go from five, John, and go all the way back to what that chart was showing us. I'm not saying that. But I'm saying that they may have made a nice turn. I mean, that their users are up by about 5%, the folks that are using them. Their free cash flow is up quadruple. It's up at 121 million bucks. That's pretty
solid. Their guidance was solid as well for the Q3. And their revenue expected to be up 19% year-over-year. I mean, they gave a good quarter and they finally got that that quarter that they really needed to deliver. Now, as you were just showing, this is a stock that
was priced completely different where it is right now in the fives, but maybe they have turned. And I'm not saying that I'm all, you know, fired up about what they are doing right now, but I do think it's something that I'm going to keep a pretty close eye on on this one because I think whether it's with options or maybe even just with the
stock, the beating that it's taken and now this turnabout in terms of what they did this past quarter and what their future quarters look like, I think it might be worth a look again.
Well, um, I got another one for you that might be worth a look again, Pete. Um I'm actually a little more bullish on this one than Snap. And that is on semiconductor. Yeah. Um these guys came out with earnings. They're holding the gross margin at over 38%.
That ain't bad. Operating margin 16%. Um uh basically these guys came out with some earnings that were very very strong, but they should be strong.
They're an AI data center play and data centers um if they could get enough power data centers would be even bigger news but they can't get enough power yet and it in many cases takes them years to be able to secure enough power and that's why you're going to see even more
of these kinds of mergers and things like that. But I think these earnings are very solid. Are they great? maybe on the edge of great but it's a very solid report Pete.
>> Yep they delivered on the you know what what we want which is the guidance right Q3 guidance that they gave that was pretty strong they you know they obviously Q2 they did really well as well. Um I think the most critical thing that you mentioned however was about the data centers and um they talked about the strengthening demand that that is
affecting them in a very positive way which is why I think that today this chipmaker is up about 7%. So they're doing well. Are they doing great? I wouldn't put it anywhere in the category of many of those that have come before this but I would say that it was a very solid quarter. their projections look pretty strong and I think this is one of
those names that you you probably want to keep an eye on. There are so many names now John in that space with data centers and AI and all the infrastructure and all those kind of things. Um I don't know somebody a while back did talk about Caterpillar um and talked about how that might be the best
AI AI stock that there is and >> I don't know somebody might be you.
[laughter] It was the FUNNY THE FIRST TIME I SAID THAT TO SOMEBODY ON a TV interview, John. I said, "Yeah, I said my number one play in AI is CAT." And they go, "What are you talking about?" I said, "Well, who's building those data centers, huh? I mean, you know, there's a lot going on and Caterpillar's really sucking it up. They're doing pretty damn
well, John. Clearly." >> Yeah. Well, uh, let's finish up with this one, Pete. Obviously, and clearly doing really well. Zebra Technologies up sharply. And what are they? their barcode scanners and mobile computers,
RFID, which is radio frequency and so forth. I mean, these solutions that they offer are pretty extraordinary, but I bet not too many of you would believe if I told you that number one, it's a $17
billion company for QR codes, for barcodes, for RFID codes, and all the rest. Yeah. and it just hit a new 52- week high of $360 a share. So, how did they do that? Well,
it turns out um that uh people are pretty jazzed up about what they are going to report um basically continued strength in what they do, what they offer to companies. And I would say this
is one that uh a lot of you just like Exxon yesterday with the tasers and so forth might not have been as aware of what these guys uh upside has looked like in 2026.
Yeah, Zebra, you know what's really impressive too, John, is they didn't just beat their earnings, they didn't crush the earnings, they destroyed the earnings. I mean, they put up $6.35 and they were looking for 436. So, I would say that they did pretty well with that. They raised the the the beat, the
revenue beat rather, is up 20 plus% year-over-year. That's pretty damn strong. Their f their outlook, and you were just alluding to that, is outstanding. And so, I'm looking at it.
It's up 18% or whatever it is right in this moment. I don't know. But I will say this, it's it's running. And I think it's running for the right reasons. And these guys are positioned very well in this this oddity that we don't know as much about probably as we should. But like if you bring up scanners and you say, "Well, yeah, mobile computers and all that kind of stuff," I think a lot
of people would start yawning. They shouldn't be yawning on Zebra because they're taking care of business.
>> They are taking care of business. Um and uh uh I think a lot of us would see a stock like Zebra and think, you know, uh Palunteer. Yeah. tech stock. Zebra, not so much on the tech side, but 17 billion dollars and a lot of demand for
what they do. Yeah, I think it should be on your watch list whenever it gets cheap, folks.
>> Yeah.
>> All right, Pete, I know you're going to love this one >> because in lie of a video today, we actually have the new Nashville Balls.
So, this is going to be a an WNBA powerhouse because the gentleman who is putting this team together has said, "Well, I'm going to take the WNBA at their word."
Since every coach thinks that it's perfectly fine for men to play against women, he says, "I'm going to have a completely t transgender team playing in Nashville." and we'll we'll welcome any NBA team to come in and play us. And uh
he thought that the uh name for such a team should be the Nashville Balls. And I think he might have something here, Pete, because if they don't grant him a franchise, doesn't that make them kind of transphobic?
>> Doesn't that make them bigoted and transphobic? Since he said, "Hey, I'll make the whole front office trans. my whole coaching staff trans all the players trans and he said then let's see if they really can't figure out the difference between men and women because
he said I think we'll beat them by 50 points every game [laughter] so anyway I'm sure we'll hear more about this folks but uh I just thought I'd share this with you because I think this might be a heck of a great investment [laughter]
I I'm speechless.
Good. Good. That means only one of us gets cancelled. [laughter] [gasps] >> All right, John, let's talk a little Yeah, you're good. I'm sure. Um, let's talk a little college football just because we're getting there now. I was just talking with the guys that they have started. Um, and you know, I was talking to the guys over at the University of Minnesota and you know,
they're pretty excited. They've got some some really good positional people on that football team right now. They've got a running back that for the world everybody's pretty excited about him. Uh we've got a defensive end who last year was I think in top five or whatever in sacks and he's back. He could have gone but he decided to stay one more year. I
think that has to do with what kind of money that they get when they get this NIL money. John, they're getting more for that year than they will their rookie year. That's for sure in the NFL.
So that's a little piece of that. But you know what? I wanted to look at this um from this perspective. The power ratings are out for 2026.
Here's what it looks like. Obviously, everybody knows what happened last year and Indiana was at the very top. They won the national title. They're not in the not in the top five as of right now.
They're not far away, but they've got a new quarterback who's very good transfer from SMU or TCU, excuse me. Um, but here's what it lines up with with the top five. And I want to know where where you stand with what what team, what school do you have that uh they don't have in their top five? Ohio State,
Texas, Notre Dame, Oregon, and Georgia.
And I think I know where you're going already, but where would you say in that top five um of that top five? Ohio State.
>> Okay.
>> Of that top five. But but um as you know and as I said yesterday, I think the team to beat this year isn't Notre Dame and it's not Ohio State. I think it's Miami >> because they got a quarterback, Pete,
that lit it up at Duke and now he's at Miami. And Miami was a play or two away from taking down Indiana, which was one of the best football teams I've seen in a long, long time. So, um, fresh off of
that national championship appearance, um, I'm going to say that, okay, because they lost that last game, Miami did, they were 13 and three. They were 13-2 going in or 13-2, yeah, going into the last game. But, um, they've knocked off
Ohio State, Old Miss, and Texas A on M along the way.
>> That team is built to win. And Mark Fletcher Jr., he's back. That running back, the wide receiver, Malachi Tony, returns. And I mean, for gosh sakes, Pete, this team is loaded. [laughter] But it's probably a much harder ticket
to get than the Miami Dolphins ticket.
Um, I would think because they and they play better football.
>> Yeah, that's a good reason. Yeah. And at sports books like the one behind me, there will be a lot of money going on Miami. Trust me. Yeah.
>> So, uh, who who do you have, Pete? Let me ask you that. Throw it back. You know what? I'm in the SEC with my pick and I and I look at Ohio State, Texas, Notre Dame, Oregon, and Georgia. All good football teams. We know how great I should even say Ohio State truly is.
Texas as well. And I talked about Arch Manning yesterday. I'm going to go with Oklahoma, John. I think this quarterback mater is as good as it gets. He's somewhere in that top couple of quarterbacks, I think, in college football. Last year, they did lose to Texas. That was in the middle of the season. They also had a loss to Old Miss
uh later on, a couple weeks later. Some mistakes there. I don't think that the quarterback was really at the level that he's going to be this year uh that he was last year. I saw the kid the other day, John, there was a picture of him.
He has gotten in the weight room and really gone crazy. Sometimes that can be a bad thing for a quarterback. Sometimes it could be good. I guess we'll find out. But that Oklahoma has had some great classes that they've brought in there. And I think Oklahoma really is kind of quietly one of the best teams in the entire country. Offense, defense,
the whole thing. Specifically offense, because that quarterback can run as well as he can throw. And shoot, they always have offensive lines. They always got linebackers and DBs. So I I like Oklahoma a lot. How about this, John? I think the NFL has finally figured out
something. And it took them a little while, but the coaches, GMs are already they're they're they're finally, I should say, interested in paying these running backs because there's great running backs in the NFL. More teams are starting to go back to running the football, which is probably not good for
the teams, the defenses that are built for more passing, but nonetheless, it goes back and forth, esth.
there. Atlanta just gave Bejian Johnson Robinson 51 million guaranteed and a 75 million potential contract.
>> Some pretty big numbers.
>> Uh Detroit has not paid Gibbs yet.
>> I think I think he is as good as anybody if not the best running back in the NFL right now. So I think they're going to eventually pay him. I don't know how that's going to work, but he's missed already five practices kind of sitting out. he's there, but he's not participating. So, I think that that at
least shows, hey, he's interested. He wants to stay, but you got to pay him.
And I and I'll tell you, um, he is about as electrifying a running back as there is. And he's not just a running back.
He's got great speed, but he's also a great receiver. So, this guy is, I think, a little bit, he should get a bigger contract, I think, than Bejian Robinson. And it's going to be pretty interesting. By the way, in NFL history, he has the most in history, he has the
most touchdowns in his first three seasons of anybody ever. 49 touchdowns this guy's got in three seasons. So, is he a pretty damn good player? He is. Is he stuck up in Detroit? And we don't always see a lot of Detroit games.
That's probably the issue as well because we know about the quarterbacks and all that type of thing, but these running backs and a running back like him, I think he's pretty damn special and he can play wide out kind of like a little bit like Debo. So, or Davo rather. So, what do you think?
>> Well, first of all, ugly uniforms. Um, when they go the monochromatic, you know, the whole thing, Pete, they don't just have, you know, the blue tops and white pants or whatever. They've got blue all the way down to their freaking toes.
>> And I think the uniforms are ugly. But that guy is a fantasy football monster and people love him because of that. Um I think Jeremiah Love could be giving both Bejon and uh Gibbs a run for their money. Pete. Agree.
>> Now it's too early to say. He's playing for the Cardinals also, which I don't know what kind of O line they're going to put out there to block for him, Pete.
You know, hopefully something good. But, I mean, Jeremiah Love, if you watched that kid play at Notre Dame, um, he was next level every game next level. So, I would definitely say he should be in the conversation um of a I mean, if you're a
fantasy player, by all means, folks, take this kid if he's available because he will make breakaway runs and he also runs over and through people. Yeah. So, I really like him, Pete. I really like Jeremiah Love and he's a great young man, too.
>> Yep. Quality person, everything. Yeah, he is a great football player. We'll see more of him. And uh the only issue, as you brought it up, is the offensive line, not the quarterbacks, the offensive line. And that's why those quarterbacks are all get the crap kicked out of them as well. We just we were able to get one here in Minnesota before he was completely decimated with all the
sacks that they were taking. But yeah, that they do lack an offensive line.
Well, folks, we appreciate you joining us. Um we are uh on streaming Monday, Tuesday, Wednesday and Thursday.
Encourage you to check out of course the Rebel Investors Club. And uh we will be back at 100 pm tomorrow and we hope you join us then till 1:00 tomorrow. Have a great day everybody. See you.
Hey. Hey. Hey.
Transcript from the show's YouTube captions; automatic captions may contain errors. Educational content, not investment advice.