Palantir Stock Breakout Ahead Due to This SHOCKING Pattern!

Data Dispatch
4 Jul 202409:23

Summary

TLDRIn this video, the host celebrates reaching 15,000 subscribers and discusses market updates, focusing on Palantir Technologies (PLTR). They analyze PLTR's potential breakout to $30, driven by earnings expectations and a cup-and-handle pattern. The video also covers job data predictions, political figures' stock trades, particularly House Speaker Pelosi's investment in Nvidia, and the broader market's performance, including Tesla's significant gains.

Takeaways

  • 🎉 The host expresses gratitude for reaching 15,000 subscribers and emphasizes the importance of providing nonbiased market content.
  • 📈 The video discusses Palantir Technologies (PLTR), highlighting a potential breakout pattern and correlating it with articles suggesting a price increase to the 30s.
  • 📊 The script mentions an expected earnings report for PLTR around August 7th, with Wall Street anticipating an adjusted EPS of about 8 cents and a revenue of approximately 653 million dollars.
  • 📊 PLTR is on track for a 32% earnings growth and 22% revenue growth, attracting attention from both retail and institutional investors.
  • 📊 The 'cup and handle' technical pattern for PLTR is noted as a significant development, with the relative strength index (RSI) indicating a better position without being overbought.
  • 💡 Analysts have reiterated a target price for PLTR around $30, suggesting bullish sentiment despite the stock's high valuation compared to the S&P 500.
  • 📉 The script points out that if PLTR fails to break through the $26 resistance, there is strong support at the $20 level.
  • 📊 The upcoming jobs report is expected to show a gain of about 189,000 jobs, cooling from May's rise of 272,000, with the jobless rate forecasted to remain at 4%.
  • 💰 The video mentions Nancy Pelosi's recent stock trades, particularly her purchase of 10,000 shares of Nvidia and 20 different call options on Broadcom, indicating bullish positions on these tech stocks.
  • 🚀 Nvidia's stock is highlighted with a positive outlook, supported by robust data sales and bullish analyst price targets, currently sitting around the $130 mark.
  • 🚀 Tesla's stock performance is also noted, with shares extending their weekly gain to 24.6% after a significant jump of 88.1% in the previous week.

Q & A

  • What is the occasion being celebrated in the video?

    -The video is celebrating the 4th of July, which is an American holiday.

  • What milestone is being acknowledged in the video?

    -The video acknowledges reaching 15,000 subscribers, expressing gratitude for the support.

  • What company is the main focus of the market discussion in the video?

    -The main focus of the market discussion is Palantir Technologies (PLTR).

  • What technical pattern is being discussed in relation to PLTR's stock?

    -The technical pattern being discussed is the 'cup and handle' pattern, which is often associated with potential breakouts in stock prices.

  • When are Palantir Technologies' earnings expected to be announced?

    -Palantir Technologies' earnings are expected to be announced around August 7th, although the official date is not confirmed yet.

  • What is the expected adjusted EPS and revenue for Palantir Technologies' upcoming earnings?

    -Wall Street is looking for an adjusted EPS of about 8 cents on a revenue of about 653 million.

  • What is the current sentiment in the retail and institutional investment communities regarding PLTR?

    -The retail and institutional investment communities have been very interested in PLTR this year, with the cup and handle pattern capturing a lot of investor attention.

  • What is the current resistance level for PLTR's stock price?

    -The current resistance level for PLTR's stock price is at $26.

  • What is the main criticism regarding PLTR's valuation?

    -The main criticism is PLTR's high valuation, with its long-term price-to-earnings ratio being higher than the S&P 500, although some argue that the stock price already factors in optimistic expectations of revenue growth and margin expansion.

  • What political figure's stock trades are often watched for potential investment insights?

    -Nancy Pelosi's stock trades are often watched for potential investment insights due to their historically lucrative returns.

  • What recent significant trades did Nancy Pelosi make involving Nvidia and Broadcom?

    -Nancy Pelosi purchased 10,000 shares of Nvidia worth between $1 and $5 million and also purchased 20 different call options on Broadcom with a strike price of $800, expiring in June 2025, valued between $1 to $5 million.

  • What is the expected release time for the jobs report mentioned in the video?

    -The jobs report is expected to be released at 8:30 Eastern Time on Friday.

  • What is the expected gain in payroll jobs according to the economists mentioned in the video?

    -Economists are expecting a gain of about 189,000 in payroll jobs, cooling from May's rise of 272,000.

  • What is the current weekly gain of Tesla's stock mentioned in the video?

    -Tesla's stock is extending its weekly gain up to 24.6% after jumping 88.1% in the last week.

  • What is the sponsor of the video and what benefits are being offered to new users?

    -The sponsor of the video is Mumu, a one-stop trading app offering free commission trading and powerful investment tools. New users can sign up for a welcome bonus, which includes up to 8.1% limited time APY on uninvested cash, up to 15 free stocks with a deposit, and up to a $300 transfer bonus.

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Ähnliche Tags
PalantirMarket AnalysisEarningsTechnical PatternsInvestment InsightsStock TradingNvidiaBroadcomPolitical TradesFinancial Forecast
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