Speaking of PLTR......WOW. Currently at $50.37......up by 21.55% in a single day. Zukodany is dancing today.
And the above is based on good earnings....but I cant say that the PLTR earnings were any better or even as good as MSFT, AMZN, GOOGL, AAPL, META or TSLA. Yet we did not see this sort of jump in the above following earnings......and in fact.......most of these stocks were SIGNIFICANTLY PUNISHED following earnings based on CEO and company guidance......that was actually OK.....but not delivered with ENERGY and EXCITEMENT for the future. In any RATIONAL world and market we would have seen a BIG JUMP UP in most if not all of the big cap tech stocks above following earnings and continuing now.
SMCI.....Super Micro......will be giving a "business update" after the close today. They are now on the bubble of being DELISTED due to their inability to get earnings out and their ALLEGED financial and accounting issues. A SAD story of a company that has imploded. Now the question is can they survive. The CEO will probably come on tonight and announce that from here on due to all the issues they are dropping the word "SUPER" from their name. They will now just be called "MICRO" going forward. Super Micro Faces Potential Delisting, S&P 500 Removal Amid Auditor Woes https://finance.yahoo.com/news/super-micro-faces-delisting-p-130822060.html At least.....Boeing, Starbucks, and Intel are feeling better about themselves in comparison. Misery loves company.
Speaking of Boeing. Boeing strike ends as workers accept new contract https://finance.yahoo.com/news/boeing-workers-vote-wage-deal-110348817.html A company that I now have ZERO interest in. The issues and problems go way beyond the strike.
YES.......since NVDA is a typical topic on this thread........the PLTR earnings and commentary on the AI BOOM......is yet another BIG VOTE for the future of NVDA.......short and medium term. BUT.....I have no doubt that all the analysts and financial media will nit-pick the NVDA earnings to death and will jaw-bone the stock down as usual.
I have not looked at my account today....but I know I am doing WELL. I see from the ticker that all my stocks are up so far today except for CMG. A good looking day in the markets. Speaking of CMG.....I am willing to give that "training wheels position" a long time to perform for me. I like that company and their market demographics. They are showing a little bit of struggle over the time that I have owned them....but I will give them a good.....at least....two years to see how they do. I really want them to become a long term holding. I also DO NOT expect them to perform like a big cap tech stock. I am ok with them doing solid and steady growth of their business. I understand that the restaurant business is extremely soft right now and in flux. We see it every day in the restaurants we go to for lunch. Yesterday we were talking to the waitress at one of our favorite places for lunch. They STILL have moderate prices and a HUGE menu of great down-home choices including all day breakfast. For example......our bill yesterday for a big salad with grilled chicken and the HUGE meatloaf plate Monday special, plus drinks was only about $25. The place was doing ok business but was below the usual former lunchtime crowd in the past when it would be packed every day. The waitress was telling us how she had worked there over 20 years and that over the past SIX MONTHS the business was as slow as she can remember. Lately we are seeing significant drops in business at ALL the restaurants we go to daily.
As you can see above....there really is ZERO financial news today. Not even much mention of the FED and their upcoming meeting. It is the SILENCE of ELECTION DAY.
OK....that is what I like to see. I just looked at my account and I am NINE for NINE......GREEN today. The markrets are having a nice little RELIEF RALLY today with the end of the election in sight. PLTR is KICKING ASS......now up by over 22% in a single day. I love it.....not because I am making money.....but, because much of the coverage that I saw pre-earnings was negative or semi-negative......saying that the company was overpriced. WRONG AGAIN......as usual. ZUKODANY....is probably out shopping for a private jet today.
I was lucky and careless. Normally I dont enter any position a day before earnings. However last Friday was holiday here and I had the time... I used that time to add some extra stock to a couple of spanish companies I have for years, one from glass other from logistic sector. I already had had Palantir maybe one year and half ago after reading an article about their keyrole as one of top CIA providers. I think that time I sold at loss. This time I decided to add 100 shares to my USA portfolio. So far....rock&roll.
That was a really NICE day today in the markets. Eight of nine stocks GREEN for me. CMG was my only red stock. I also beat the SP500 today by 0.67%. Almost makes me wish that election day was every day. HELL NO........NO WAY.
