PALANTIR STOCK CLOSES ABOVE $28 FOR THE FIRST TIME SINCE 2021 | DailyPalantir
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- čas přidán 29. 07. 2024
- Twitter: x.com/amitisinvesting
00:00 - Intro
00:45 - Institutional Fomo
05:30 - Macro
10:09 - Company specific reasons, Oracle Deal
15:28 - Where does the stock go
MY WRITTEN THOUGHTS:
Alright, let's get into it...
FIRST -- I believe there is a bit of institutional FOMO going on. Retail has always loved this company, but the last time we saw a run like this was post Q1 earnings. That run sent the stock to $23, we never saw below $20 again, and I think that run was obviously institutions getting in after realizing Palantir had completely changed. Although some of this run is retail driven FOMO, the +23% in the past month feels like some institutions seeking "enterprise AI use cases" and realizing Palantir may be the only company actually providing those. This is partly why the stock may be surging, big money continues to buy every dip in the low $27s and high $26s, which makes Palantir develop a stronger base at those levels.
SECOND -- The macroeconomic landscape is pointing to 2 rate cuts coming this year. Rate cuts decrease the cost of capital which is good for growth stocks like Palantir, so they get a premium. Today Jerome Powell sat through another 2 hours of pointless congressional hearings BUT the one thing he said that made sitting through those 2 hours worth it to me was, "Personally I feel the labor market is weakening." JPow made it very clear that he is not speaking on behalf of the Fed, but he himself feels the labor market is weakening. Based on the Fed's dual mandate of maximum employment, he feels that loosening monetary policy, meaning rate cuts, would be appropriate to make sure unemployment doesn't rise so rapidly that the Fed is seen cutting rates as a REACTION to the labor market in the same way they reacted after inflation already had gotten out of control. Jerome Powell does not want to make that same mistake. Labor market weakness plus a potentially cold CPI tomorrow showing that inflation is coming down plus the AI tailwind for software use cases that institutions are looking for leads to a strong macroeconomic and macrotechnological landscape that helps Palantir gain momentum and may be a reason for the stock going higher.
FINALLY -- where does the stock go from here? So I am getting many messages and there's two types of messages: either people are sad they didn't buy more and are asking if they should chase or they want to sell and take profits.
THE SIMPLE ANSWER TO THESE QUESTIONS ARE BY ASKING YOURSELF ONE SIMPLE QUESTION:
What is your personal relationship with Palantir?
My personal relationship is holding on to the stock for the next decade. I don't have that relationship with many other companies, but with Palantir, I do. Therefore, this is a very simple situation for me. If you have a relationship with the stock and a time horizon that is based on making a quick profit or wanting your paper profits, which could be upwards of 300% on the stock based on your average, to become real...then you have to have a completely different relationship with how you approaching holding the stock. If you just don't care about holding over the next decade and feel $28 is too quick, too fast, it's overvalued, etc. then its a VERY easy sell. If you think Palantir is going to $50 end of year and want exposure AND ARE READY TO DCA IF YOU ARE WRONG and Palantir drops back to $21, then this becomes a very simple decision.
The easiest way for retail to lose is to not have a concrete relationship with their holdings. I was like this 5 years ago and every day I think I get better at defining how I want to hold onto specific positions that I have. Once you define that, you don't need to take on too much stress. If you've got an $8 average and want to see this play out to $100, then you hold. The fun ride of going up and down is just that -- a ride. None of the profits are real, and if you are okay with that because you believe in the longer vision, then it's just a fun ride. If you have a $14 average and think $28 is a top and that you can get back in at $14, then you can make the choice to time this and sell. You might be right, you might be wrong, but at least you will be able to live with the decision because you constructed a relationship with the stock that makes it easier to know why you're holding and what you want to get out of holding Palantir.
I really hope this helps people that are concerned about the stock -- it's a fun ride to be on, Palantir has to deliver a strong earnings to justify the momentum, and if they do or don't, as long as you know what you will do (either DCA if it goes down or potentially sell if it surges or just keep holding) then you can be much more calm in your relationship with Palantir.
For the longs...first close since 2021 over $28...LFG. - Zábava
Somehow along the way I managed to acquire 20,500 shares! I will continue to hold on to them for the next 7-10 years!
Dayum! You are going go make old money level profits one day. Congrats on such a big portfolio, dude!
You are the only one who has kept doing consistent solid DD on pltr. Keep up the good work!
Amit not only have you been the pillar of this community that's helped keep the news flowing and the topic of pltr fun + exciting but here you actually counselling the folks of this community who are searching for their path as investors/traders. This means a lot to hear this sentiment and breakdown because most likely 90%+ of ppl who invest have never found this perspective. Keep up the great work bro 👍.
To be clear I'm not forgetting the gang, arni, dom, Matty, Vince, Carlos, vitaly, Steve, all the awesome guests, and even Kris!
But yeah I just appreciate your commentary and perspective ❤
Miso happy 😂
28 is just the start 🚀
I purchased 1600 shares at 21.58. Judy going to accumulate cash until I see another opportunity!! It’s actually pretty simple!! Keep buying.
Yes Amit is the pillar and gem of this community ❤🎉
Meee sooo cowbell!!!!
I need to start interacting more. This community is great and love days, weeks, months like this. No one else cares and brings the energy like us! We deserve this, especially after what those of us who bought 2-3 years ago went through.
Thank you Amit for all the videos
Palantir and MSFT are the obvious early AI software winners. Because PLTR is tiny by comparison, it is likely to grow by a much bigger percent than MSFT. At some point soon, Palantir EPS will explode, and stock price with it.
Amit, you are at your best when you concentrate on PLTR - it is a sure winner. Thanks
I have been saying 50 by the end of 2025, but it is moving higher faster than I thought.
Long term for me Amit! Made a mistake of selling when it was around 8$ to pay off bills thinking that I can buy back by DCA and before you know it went from 16 to 27$, that’s hard lesson for me and now my average is around 19$ with only 1275 shares left! So with that said I’ve listened to you and Arney for a long time and i truly appreciate what you’ve done for this community! Keep it up and Son! PLTR Let’s Go 🚀 ❤ oh yah MISO SOUP HAPPY 🔔
MISO: Me So sup is a whooping 5 yr cup with the handle, longest I have seen, that Palantir cleared up in a good volume! Ultra-Bullish. Great job AK, keep it up!!
Having added PLTR to my portfolio since November 2020, looking forward to hearing that cowbell ring the day it hits 200$. Will celebrate with some Miso soup.
This is my favorite channel. Despite the dip in crypto. I still thank you for the level headed financial advice I started crypto investment with $7,500 and since following you for few weeks now, I've got 25k In my portfolio.
Hello, how do you make such amount? I'm a born
christian but sometimes I feel so down of myself because of low finance but I still believe in God.
im sure you invest in crypto because it makes huge and big profit
Most people don't understand the concept of "buying the dip" buying the dip is all about buying digital assets when their prices are down and selling off when the price rises.
Sincerely speaking. I will continue to trade and stick to expert catherine daily signals and guides as long as it works well for me.
Woah for real? I'm so excited. Adriana's catherine strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started
“Consumer is in one of the healthiest shapes I’ve ever seen” is a wild statement. B2C companies are doing poorly for a reason my guy.
PLTR is at $28 and his HOOD stock is at $22 that's all he needs to see to know "the consumer is in one of the healthiest shapes that I've ever seen". He doesn't care about cooked Fed data and downward revisions after. Stonks only go up.
He was discussing the fed decision in regards to consumer financial health. If he didn’t care he wouldn’t have used that context. If you trust the “cooked fed numbers” you would actually think the consumer is healthier than they really are.
The NASDAQ and the SP500 is getting carried by big tech, everything else is dead money
Miso soup made it to the end, 16 years of age and already learning investing
I'm in at 26.11 joining in for the ride sir! just trying to make my first 100k. 92 to go....
miso soup
Thanks!
Great job as always.....Be well
THANK YOU FOR WATCHING
Amit seems excitable but he actually is the word of reason, does the homework and has great judgment ! I bought a total of 4,826 shares over time with an average price of 18dollars and 60cents per share . Would like to invest more if possible ... I am definitely holding on for the long run. LOL
Amit will be the Goat of stock analysis CZcamsr
$28 is crazy. I didn’t expect to see $28 this soon
As always… smoking hot 🔥 coverage! 👍
Thank you.. watched it all!
We love you Amit!!!
Thanks for your knowledge
THANK YOU FOR WATCHING SIR
I just subscribed to your channel. I really like how you deliver the market information to us retailers. I am a PLTR holder. 👏👍
I’m not getting off this exciting PLTR roller coaster any time soon. Great encouraging insight as always 😬👍
This was well presented. Thank you / Toda / Obrigado, Amit.
Vematum's community is strong, love the vibe!
I've been DCA buying since the beginning of 2021. I'm in it for the long term, minimum 10 years. Great review..
Thank you so much for watching!!!!
Thanks Amit !!!
Thank you Amit
Yes sir thank you for watching!!
MISO SOUP🔔🔔 can't wait to see what it's gon do by the time i'm 25. thank you Amit for creating such amazing content as always
Would love to see Amit do in depth Tesla analysis
Seeing Vematum's progress, I'm beyond impressed!
Vematum's vision is clear, I'm on board.
Great video mate! Keep it up. You made me reevaluate my own decisions. 🤙🏼
Vematum's momentum is real. Getting on this!
Indeed you speak a bit fast, but you are one of the major voices of this great community. Thanks for sharing your thoughts and information with us Amit!
I made it into miso soup and cowbell 😄
Thanks for your insight
Thank you for watching!!
Mi so love PLTR, and I want the cowbell to be part of ontology.
This makes Miso happy 😃
Diving deep into Vematum, liking what I see!
Love that cow bell 🔔 😍
Heftily crossing $28 before Q2 and S&P inclusion means $35-$40 by year end is not unimaginable.
Miso soup lol … keep up the great work Amit! You are the Rob Mauer of Palantir!
Investors were willing to pay $40 for PLTR in 2021. Just saying.
Why are you looking in my direction??? 😂😂😂
Actually, got in at $29 in Jan 2021 and DCAd down to $16.01. It has been a long slow climb to $28. Holding for 5 more years at a minimum.
Watched the whole video!!
THANK YOU LEZA❤️❤️
Vematum's tech is next level, truly innovative.
miso soup, thank you I learned a lot about Palantir from you.
Holding Vematum tight, expecting big moves!
Nice job!
“If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes.
added more t $27.88, PLTR still have a long growth runway !~
Miso soup brother. Thanks for the hard work
Thats huge bro!
Miso Soup!!!! keep up the great work
Vematum is changing the game, watch out!
Nice intro. 👏 👏
Just got home and listened….
Cowbell & Miso Soup bruh!
Vematum's on my radar, looks promising!
Great day 😀 😊
The stock price never moves because of retail buying or selling. Only institutional trade at the kind of volume that will move the stock price.
Miso soup. I made it! Thank you for educating us on Palantir.
APPRECIATE YOU SHIVANAN❤️❤️❤️❤️
Palantir stock can fall back to $24-26 but not below $20 anymore. I am slowly adding on down days. Having some miso soup now. 😊
strongman punching air right now
Miso soup! 🍜 Me so Happy!
Two cups of miso soup please 😂 great video as usual.
Miso soup lol!!! Are you DCA’ing at this price? My average is 22 and it looks so pretty hahaha
it has been hell of a ride ... not here for the soup
MISO SOUP!!!!!! Love the dad jokes man!!
APPRECIATE YOU SIR❤️
Kris who?
17:04 am I free to think like this about $GME without a theory from you on X for why it's up and why it's "overvalued"?
Miso Soup baaaaaaby!
What’s break down
In 2021 PLTR was $35 and had only hype
Hui would love to buy at 18$ dollars again or lower. But I doubt it will happen again.
MISO SOUP MY MAN x
Vematum = opportunity. Don't sleep on it!
Long and strong.
Miso soup 🍜
Miso soup and cowbells make me happy!!!
tsla and pltr made me a long term holder just like sp500
only sell if i need capital
buying on dips
Would microsoft, google or Amzn buy Pltr? Why & why not?
they are focused more on compute than data analytics...also might be hard from a regulatory perspective
@@amitinvestingkarp would never sell
Cowbell 😎
Miso soup 🍲, can't wait to buy more if it falls.
Miso soup cowbell bishhhhhh 🎉
Miso soup! Don't stop believing!!❤❤❤U Amit❤
Miso soup! Thanks
Miso soup!!!!🎉🎉
I like the soup man.
🎉🎉🎉
Miso soup cowbell!!!!
MISO SOUP !!!! 🥘🍲
🤝
U wanna get miso soup? Lol~
Come Singapore! Happy to bring u around and drink massive of it!.😂
MISO
Remember chicken genius selling at $9
Cow Bell hurts my Migraines😢
909 shares since 2021 Jan
🥳📈🥳📈
LFGGGG
Yo - Rishi - Where you at bro ?
Cowbell!!!