Palantir Stock Breakout Ahead Due to This SHOCKING Pattern!

Summary

In 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.