Late Night Market Recap

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•  23 Mar 2026
 

$PLTR Palantir Technologies extended its upward momentum, climbing 6.78% as multiple bullish narratives converged around the name. Institutional interest remained strong following confirmation that its Maven AI platform is being scaled for broader Pentagon use, while additional visibility from FCA data access trials and inclusion in high-margin hedge fund screens reinforced the long-term thesis. Price action and elevated volume suggest accumulation rather than short-term trading activity.

$PYPL PayPal gained 3.36% as value-oriented flows continued to rotate into deeply discounted large-cap fintech. The ongoing debate around its low valuation, with a P/E near 8, is increasingly drawing attention from long-term investors who see structural compounding potential being overlooked. Today’s move reflects a gradual shift in sentiment as the market reassesses PayPal’s earnings durability.

$XPEV XPeng surged 7.34%, standing out in a weak macro session as investors leaned into its positioning within the physical AI and autonomous driving narrative. Momentum was driven by reports of a dedicated robotaxi unit ahead of commercialization, alongside improving profitability metrics. The stock continues to build a case as a breakout candidate within the EV and AI convergence theme.

$UAL United Airlines rose 4.52% amid volatile geopolitical headlines tied to U.S.-Iran developments, which drove sharp swings in travel-related names. Airline stocks reacted positively to signs of de-escalation, with traders pricing in stabilization in fuel costs and travel demand. Despite broader market pressure, relative strength in airlines suggests tactical rotation into reopening-sensitive sectors.

$EL Estee Lauder dropped 7.71%, facing sustained selling pressure after reports of a potential acquisition of Puig Brands. The market interpreted the move as a potential risk to capital allocation discipline, particularly in a fragile consumer environment. The decline reflects institutional caution toward large-scale M&A without clear near-term accretion.

$SNOW Snowflake advanced 3.71% even as the broader software space faced mixed analyst sentiment, including selective downgrades across the sector. The resilience comes as investors weigh long-term AI-driven data demand against near-term growth deceleration, with some beginning to view the recent drawdown as an entry opportunity.

$MDB MongoDB gained 4.63% following an analyst upgrade and increased price target, signaling renewed confidence in its growth trajectory. The move highlights continued demand for database infrastructure tied to modern application development, with investors responding to improving forward expectations despite macro uncertainty.

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