WELL......you might want to try to untangle yourself from being dependent on......the WORLDS most brutal communist dictatorship. Not to mention that they have also stolen all your company tech and secrets and are using it to compete with you in their country with their home-made......iPhone clones. Apple shares fall on concern Trump tariffs on China will hit profit https://www.cnbc.com/2025/02/03/app...-trump-tariffs-on-china-will-hit-profit-.html
A medium loss for me today....not bad considering the BS today. I had three stocks in the green....COST, PLTR, and CMG. I got beat by the SP500 by 0.46%.
So much for all the PLTR Doom&gloom I was seeing this morning. Palantir shares pop 10% after company posts strong earnings and outlook https://www.cnbc.com/2025/02/03/palantir-pltr-q4-earnings-2024.html (BOLD is my opinion OR what I consider important content) "Key Points Palantir reported better-than-expected earnings and profit for the fourth quarter. Shares popped more than 10% on the strong results and outlook. The earnings report follows a historic rally in the company’s stock last year. Palantir shares surged more than 10% in extended trading on Monday after the software company reported fourth-quarter earnings and revenue that surpassed Wall Street’s estimates. Here’s how Palantir did versus estimates from analysts polled by LSEG: Earnings per share: 14 cents, adjusted vs. 11 cents expected Revenue: $828 million vs. $776 million expected Along with the fourth-quarter beat, Palantir offered better-than-expected guidance. The company said it expects revenue of between $858 million and $862 million, ahead of an LSEG estimate of $799 million. For the full year, Palantir forecast sales of $3.74 billion to $3.76 billion, topping the $3.52 billion average estimate. Palantir is a major provider of software and technology services to defense agencies. CEO Alex Karp attributed much of the company’s growth to its use of artificial intelligence. “Our business results continue to astound, demonstrating our deepening position at the center of the AI revolution,” Karp said in the earnings release. “Our early insights surrounding the commoditization of large language models have evolved from theory to fact.” Revenue increased 36% in the quarter from $608.4 million a year earlier. For the full year, sales increased 29%. Karp said in a letter to shareholders that the momentum the company is experiencing across its commercial and government segments is “unlike anything that has come before” Palantir said its U.S. commercial revenue grew 64% from a year ago to $214 million, while U.S. government revenues rose 45% year over year to $343 million. “We are still in the earliest stages, the beginning of the first act, of a revolution that will play out over years and decades,” Karp said, adding that the company has “been preparing for this moment diligently for more than twenty years.” The results follow a massive rally in Palantir’s stock, which soared 340% in 2024. The company joined both the S&P 500 and Nasdaq 100 last year. Palantir has benefited from the boom in generative AI following the release of OpenAI’s ChatGPT in late 2022. In an interview with CNBC last week, Karp said that Palantir is poised to lead the transformation of American companies, and he asserted that bolstering the U.S. is its “primary objective.” Karp also responded to recent worries surrounding the ascent of China’s DeepSeek, which pummeled financial markets early last week and spurred fears about the hefty spending megacaps have funneled into AI infrastructure and China’s tech advancements. “Technology is not inherently good,” he told CNBC’s Sara Eisen in the interview. “We have to acknowledge that, but that also just means we have to run harder, run faster, have an all-country effort.” MY COMMENT A HUGE BEAT. So much for the fear-mongers. A good end.....to a day that imposed a PATHETIC start on all of us this morning and than...backed off from all the BS as the day went on. TOMORROW IS A NEW DAY.
Who would have ever known. After all the BS today....NEVER-MIND. Trump pauses tariffs on Canada imports for 30 days after doing the same for Mexico https://www.cnbc.com/2025/02/03/trump-canada-tariffs-trudeau.html
It will be interesting tomorrow. Palantir shares rocket 22% after company posts strong earnings and outlook https://www.cnbc.com/2025/02/03/palantir-pltr-q4-earnings-2024.html Nearly $103 in after hours trading. Amazing run up for this stock. it is helping me greatly in all my portfolios to moderate the impact of the NVDA.....little correction. No fault of NVDA......a very crazy and skittish market....disrespecting this company and stock.
Btw. Are there any good books on negotiation skills you'd reccommend? I'd like to improve on that matter.
PLTR on fire today......thanks to the media and others bad mouthing the earnings before they came out. Up about....+25%.....at....$104.30. Obviously a new all time high today. It is not out of the weeds yet in terms of being a young company......but I see this latest earnings report as a critical step for the company. They are now establishing themselves as a company to watch long term. They are moving beyond the....flash-in-the-pan.... stage.
As usual....a good report for the FED........and their obsessive focus on a made up 2% inflation target. US job openings fall to 7.6 million in December, suggesting the job market is slowing but healthy https://finance.yahoo.com/news/us-job-openings-fall-7-151135622.html
I am sure many have....andyvds. I see negative articles every day. I was seeing a lot of articles predicting that the earnings would not meet expectations as we approached yesterday. In the environment today....this is common for young companies. PLTR seems to be in the process of...."proving itself"......that it is the real-deal. PLTR now has a market cap of.....$238BILLION. This makes it the 49th largest company in the.....WORLD....by market cap. In 2022.....just three years ago it was at.....$13BILLION. PRETTY AMAZING. https://companiesmarketcap.com/palantir/marketcap/
I am looking forward to my CMG and GOOGL earnings after the bell today. It is kind of nice to be in a NORMAL makret day today.....after the BS yesterday.
If you are wondering what is going on with PLTR and why....this is a pretty good little article. Analysts race to overhaul Palantir stock price targets after Q4 earnings https://finance.yahoo.com/news/analysts-race-overhaul-palantir-stock-122131560.html I talk about this stock because I own it. It is a full position in most of the accounts that I manage....at this point. In my largest personal account it is not a full position yet......mainly due to lack of funds to invest. In that account it is now a significant position but not full yet. The fact that I talk about it...does not mean anyone else should ........BLINDLY......buy it.
Today is a GOOD BASIC DAY in the markets. I am not seeing much fear-mongering or crazy media freak-out articles today. Reminds me of what a basic market day used to be like before the media went....NUTS. I see little to nothing being reported regarding the GOOGL earnings later today. In fact on a few big sites....I dont see a single article. That is fine with me. The INSANE media just needs to.....STFU.....with the constant negativity, speculation, and sensationalism.. Obviously this will never happen.
Time to sit back and BASK in the warmth of a rare.....normal.....market day......at least so far. BUT......I never underestimate the ability of the markets to snatch defeat from the jaws of victory.
I just looked at my account. I have a BIG gain going so far with EVERY stock in the green. AMAZINGLY....I see that the value of my PLTR is no longer kind of a middle level position. The recent gains...especially today....are pushing it toward having the value of a full position. It is not quite there yet....but....it is definately moving in that direction.
More moderate economic news which is a good thing for the FED. US factory orders decline again in December https://finance.yahoo.com/news/us-factory-orders-decline-again-155027363.html "New orders for U.S.-manufactured goods dropped in December, pulled down by a decline in bookings for civilian aircraft, but demand elsewhere was marginally firm."
Just for comparison. My home country has a GDP of 90 billion. So Palantir company has a bigger market cap than many many countries in the world have a GDP. Also, I read somewhere that Nvidia has a bigger market cap than all German companies together. Yes, I will continue to invest in US companies.
