Palantir Just Posted Blowout Earnings, So Why Did the Stock Tank?
On the surface, Palantir Technologies (NYSE: PLTR) is firing on all cylinders. Revenue is accelerating. Margins are expanding. The company just posted its sixth consecutive quarter of profitability, a first in its history. And yet, within hours of reporting one of its strongest earnings beats to date, the stock cratered by double digits.
So what gives?
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10,000 Bitcoin for 2 Pizzas
When Laszlo Hanyecz forked over 10,000 bitcoin in exchange for 2 Papa John pizzas fourteen years ago, he couldn’t possibly have imagined what the future would hold. Today, those bitcoin would collectively be worth close to $700,000,000. And if the current halving cycle echoes history, there is a good chance they will be worth a cool $1 billion in the not too distant future.
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1 Buffett Story Nobody Told You That Led to Riches
When you tune into a Warren Buffett Annual Shareholder meeting, you’ll often hear the Oracle of Omaha reference See’s Candies, but few understand why this humble confectionary retailer holds such a special place in Buffett’s heart.
Back when Buffett bought See’s he had grand plans to be the candy mogul of the world.
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Time to Buy or Short This Meme Stock?
History may not repeat but it sure does rhyme and right now there are echoes of pandemic era euphoria. Roaring Kitty’s first tweet in 3 years led to Gamestop share price soaring. And now the public is giddy to know where the trader who turned tens of thousands into tens of millions is turning his attention next.
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The Market Just Flashed a Rare Signal
Buying great companies regularly and keeping a cool head has proven to be a time-tested winning formula in the markets.
That said, every now and then, it’s worth paying attention when a technical signal with a track record like this flashes green.
Last week, the market delivered something truly rare: the triggering of the Zweig Breadth Thrust.
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Could BigBear.ai Stock Really 3x?
BigBear.ai (NYSE: BBAI) has all the buzzwords that investors love these days AI, defense, government contracts but does that make it a great investment?
Some traders are hoping the stock will 3x but as any seasoned investor knows, hope isn’t a strategy. If you’re wondering what it would actually take to get there,
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Read MoreThe Spotlight
The Pet Care Powerhouse Flying Under Wall Street’s Radar
With the S&P 500 having advanced by about 23.7% year-to-date, deals among large-cap companies appear few and far between.
One stock that may be attractive, however, is Idexx Laboratories (NASDAQ:IDXX). This company specializes in veterinary diagnostic devices as well as poultry and livestock testing, among other animal-care essentials. Idexx also makes water testing supplies to monitor and maintain water quality.
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Read MoreThe Daily
S&P 500 At 7,000? This Team Called It Five Years Ago—Their Latest Outlook Might Surprise You
Back in September 2020, when the world was under lockdowns, inflation wasn’t even considered “transitory” yet, and most of Wall Street was stocking up on hand sanitizers to make bold predictions — BCA Research did precisely that.
The firm called for the market to shrug off all the near-term and long-term concerns and more than double within the decade.