We recently published a list of 10 Buzzing Stocks After Latest Earnings Season. In this article, we are going to take a look at where Palantir Technologies Inc (NASDAQ:PLTR) stands against other buzzing stocks after latest earnings season.
Markets were cheering the latest US-China trade deal, after which the two countries will significantly reduce tariffs on each other’s imports for 90 days. The deal practically negates all bear cases modeled by Wall Street analysts based on the impact of tariffs.
Sylvia Jablonski, Defiance ETFs CEO and CIO, called the deal a “game changer” during a program on CNBC.
“I think both countries probably saw a little bit of the demise of what would be here with a non-tariff deal as the data came in. You had a lot of complaints around China across all sectors and then in the US, retailers were reaching out to President Trump and saying that shelves are empty and, you know, a lot of panic about semiconductor software companies. I think that this is really a game changer for both countries, and the big message here is that both countries, it sounds like, decided that they really don’t want to decouple, and, you know, make America great might also mean that, you know, China stays.”
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For this article, we picked 10 stocks currently making moves amid the latest earnings season. With each stock we have mentioned the latest hedge fund sentiment. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
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Number of Hedge Fund Investors: 41
Paul McCarthy from Kisco Capital recently analyzed Palantir Technologies Inc (NASDAQ:PLTR) shares from a technical perspective during a program on Schwab Network and said that the stock could see a pullback in the long term:
“I think afterwards, you’ll see a longer pullback. There may be a consolidation period, possibly a time for the company to grow some revenues into their valuation. Maybe some longer-term investors will start to come back into the stock. But it’s just been a tremendous, meteoric rise. To me, it does look like a five-wave impulsive pattern. Investors are probably signaling that for the long term, this is probably just the first five waves up and that there will be more upside in the coming years. However, it’s clear we’ve kind of pulled forward a lot of the valuation, just given the multiples that the stock’s currently trading at.”
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