Palantir is one of just 3 crushed S&P 500 stocks up for the year
Palantir (PLTR), ServiceNow (NOW), and PTC (PTC) are the only three S&P 500 stocks among the 25 worst performers in 2026 that are up for the year. Palantir's revenue grew 93% in Q2, and it raised its full-year forecast. ServiceNow's subscription revenue rose 24.5% in Q2. PTC's comeback came from a buyout offer by Schneider Electric (SBGSY).
How this was made
The 30-second read
Why it matters
Provides a snapshot of recovery drivers but offers no new data beyond previously reported earnings and deal terms.
Market read
Shows limited but notable recoveries among a subset of heavily‑discounted S&P 500 constituents.
What to watch
Potential regulatory scrutiny on data‑software contracts could affect Palantir's long‑term outlook.
Background
The article reviews the few S&P 500 stocks that have turned positive YTD after deep declines, focusing on earnings rebounds and a takeover.
Ticker impact
Palantir reported Q2 revenue up 93% to $1.94 bn and raised its FY forecast, lifting its YTD gain to ~12%.
likely modest pressure as price nears 52‑week high with high valuation multiple
Earnings beat already priced; valuation remains stretched.
ServiceNow posted Q2 subscription revenue up 24.5% to $3.88 bn and raised outlook, supporting its modest YTD gain.
potential slight upside if outlook holds, but near‑term range limited
Earnings lift offset by thin valuation cushion.
PTC agreed to be acquired by Schneider Electric for $205 per share, a 42.3% premium, driving its recent recovery.
likely modest upside as deal closes, limited by acquisition timing
Deal price already reflected; execution risk remains.
Accenture logged a 107.9% second‑half gain but remains below its pre‑decline level.
little directional pressure absent fresh news
Recap of past move without new data.
Nike fell another 6.7% in the second half after a delayed turnaround and tariff pressures.
downward pressure expected pending turnaround progress
No new catalyst, only ongoing challenges.
Lululemon dropped 8.9% after cutting its sales forecast for the second time this year.
potential further decline if guidance not improved
Guidance cut already priced; no fresh development.
Charter Communications lost 21.4% after a 31.9% first‑half decline and loss of 172,000 internet customers.
likely continued downside absent turnaround news
Recap of ongoing subscriber loss.
Market effects
Highlights mixed recovery in AI‑related software and consumer discretionary stocks.
U.S. equity market sees modest rotation toward earnings‑driven recoveries.
Limited; story is U.S. focused with no broader macro impact.
Counterpoint
Despite earnings beats, high valuation multiples may cap upside for PLTR and NOW.
Key entities
- companyPalantir Technologies
Data‑software firm that posted strong Q2 results.
- companyServiceNow
Enterprise‑software provider with improved subscription revenue.
- companyPTC
Design‑software maker being acquired by Schneider Electric.
