Cathie's Ark Invest Buys Palantir Stock Ahead Of Q1 Earnings Cathie Wood's Ark Invest, renowned for its bold investment strategies and forward-thinking approach, made significant moves in its portfolio ahead of Palantir Technologies Inc.'s ( NYSE:PLTR ) Q1 earnings announcement. With an eye on emerging trends in AI and technology, Ark Invest seized the opportunity to bolster its holdings in Palantir ( NYSE:PLTR ) and other key stocks, signaling confidence in the companies' growth prospects.
Strategic Accumulation of Palantir Stock:
Ark Invest's ARK Autonomous Technology & Robotics ETF (ARKQ) initiated a flurry of trades, acquiring a substantial number of Palantir shares in anticipation of the company's first-quarter results. The purchase of over 100,000 shares, coupled with additional acquisitions from previous sessions, underscores Ark's bullish stance on Palantir's AI-driven solutions and their potential to drive future growth.
Anticipation for Palantir's Q1 Earnings:
As Palantir ( NYSE:PLTR ) prepares to unveil its Q1 earnings on May 5, analysts project positive results, with expectations of increased earnings per share and revenue compared to the previous quarter. Ark Invest's strategic accumulation of Palantir ( NYSE:PLTR ) stock ahead of the earnings announcement reflects confidence in the company's ability to deliver strong financial performance amidst growing demand for its innovative technologies.
Diversified Portfolio Expansion:
In addition to Palantir ( NYSE:PLTR ), Ark Invest diversified its portfolio with strategic investments in Meta Platforms Inc. (formerly Facebook) and Roku Inc., seizing opportunities presented by market fluctuations. Despite market volatility, Ark Invest remained undeterred, capitalizing on the sell-off of Roku shares to acquire a significant stake in the streaming equipment maker, demonstrating conviction in its long-term growth prospects.
Embracing the Electric Vehicle Revolution:
Ark Invest also expanded its footprint in the electric vehicle (EV) sector, shifting focus to BYD Co. Ltd., a prominent player in the EV market. With Warren Buffett's Berkshire Hathaway holding a stake in BYD, Ark Invest's investment in the company underscores confidence in its potential to disrupt the EV landscape and contribute to ARKQ's portfolio growth.
Palantir
PLTR: Correction has begunI have been waiting for a correction in the stock since selling out of it in early February. There has been a couple of months long distribution pattern formation and now a confirmed breakdown this week. I had been short for a couple of weeks and second guessing myself a few times because bulls were heavily defending the neckline for H&S pattern. It almost formed a re-accumulation pattern and a falling wedge, almost shaking me out of my short position. I am glad I held on due to the Elliott wave pattern and now comfortably sitting on a pretty good cushion. I am planning to get out before the B wave bounce starts, which I think will be at the 0.764 retrace area at $19 which is also a very large volume support. After that will look for a 3 wave bounce. Then possible short again for a 5 wave down move down between $19 and $15 area. I am not sure if the retracement will be deep or not, but there is a lot of geo political turmoil going on, which might favor the stock. Whatever it might be, I think between $15 and $10 will be a great once in a decade buy, something like Tesla back in 2012. There is however a chance that all of the rally and this correction is part of a wave B and a very large selloff to single digits or even pennies are yet to come. We will think about that if a lot of things happen first. For now, I am trading my short term bearish, long term bullish plan.
PALANTIR: Best buy opportunity since January.PLTR is bearish on its 1D technical outlook (RSI = 33.299, MACD = -0.640, ADX = 35.931) as it trades under its 1D MA50 and today reached the 1D MA100 for the first time since February 5th. Even though the 1 year Channel Up still has some downside to bottom on its 1D MA200, this is technically the best buy opportunity since the January 31st low as the 1D RSI entered the 1 year Support Zone. This is the 3rd correction inside this Channel and each leg is -4% shorter, so the current -25% correction from the top is a fair Low to buy. The accumulation at the bottom of those corrective waves has been between 4-6 weeks so the market may take its time to accumulate towards the end of May and then rally aggressively. Fair target, the 1.236 Fibonacci extension (TP = 29.00).
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Palantir: Time to Exit?Upon closer reevaluation of Palantir, we continue to believe that we have not yet completed Wave (2) and that the price should not continue to rise. Our initial hypothesis was invalidated; we first expected to see Wave 5 at $19. Now, we assume Wave 5, or rather Wave (1), at $21.85, having developed Waves A and B, with Wave B at $25.69. This should also form our top and serve as an Expanded Flat, which we set from Wave A downwards. This closely aligns with the 61.8% level, which is highly probable for a Wave (2). Our target range is between $12 and $9.36. We should not fall below this; otherwise, we would consider closing the position down to $7.19, although we deem this unlikely. We believe the price will move within this range. We will place a limit buy order only after observing a significant weakness in Palantir.
Palantir Stock Plummets by 6% Amidst Generative AI Hype CyclePalantir Technologies (NYSE: NYSE:PLTR ) has been on a wild ride in the stock market, experiencing both exhilarating highs and nerve-wracking lows. The latest twist in this rollercoaster journey comes with an analyst downgrade from Monness, Crespi, Hardt & Co., sending the stock plummeting by 6%. The reason? An 'Unprecedented Generative AI Hype Cycle' that has inflated the company's valuation beyond what some analysts consider reasonable.
The Hype Cycle:
Generative artificial intelligence (AI) has been the talk of the town lately, promising to revolutionize industries with its ability to create text, images, video, and even computer programming code autonomously. Palantir, known for its data-mining and analytics prowess, has eagerly jumped on the generative AI bandwagon, aiming to leverage this technology for growth in commercial markets.
Analyst Downgrade:
Brian White's downgrade of Palantir ( NYSE:PLTR ) stock to 'Sell' from 'Neutral' with a price target of $20 reflects concerns over the stock's sky-high valuation amidst the generative AI frenzy. Despite Palantir's significant gains of nearly 43% in 2024, White believes the company's valuation has become "egregiously rich," leaving investors vulnerable to potential downside risks.
Reality Check:
While Palantir ( NYSE:PLTR ) has made strides in capitalizing on the AI trend and expanding its market reach, concerns linger over the lumpiness of government-related contracts and spotty execution. Additionally, the stock's recent retreat from its March high underscores the volatility inherent in Palantir's journey.
Disclaimer: Investing in stocks involves risks, and past performance is not indicative of future results. Investors should conduct thorough research and consult with financial advisors before making investment decisions.
PLTR: Obvious distribution happening, time to buy is coming soonPLTR is stuck in a range. Distribution patterns are forming. RSI is holding on to a critical level. Good new out there is not making any dent to the price action. The ticker has a history of falling off the cliff after being range bound. EW count is suggesting a full 5 wave sequence is complete. So, basically it is time to hurry up and wait. PLTR has just completed the first minor degree wave 1 cycle. It is expected to see a deep correction, but the company fundamentals are very strong. My plan is to watch the EW wave formation in lower timeframes and the fib retrace areas to identify buying zones. I am willing to accumulate as price is going down, because the probability for this stock to go much, much, much, higher is too great to ignore. Price targets will come soon when the correction intensifies.
$PLTR Weekly Chart Double Top PierceNYSE:PLTR Weekly Chart Double Top Pierce, to break through this, wait for bullish consolidation.
A "Double Top" in technical analysis refers to a chart pattern that occurs when a security's price forms two consecutive peaks at a similar level, separated by a trough. It typically signifies a potential trend reversal from an uptrend to a downtrend. In the case of the NYSE:PLTR weekly chart, a Double Top pattern suggests that the stock price of PLTR reached a peak, retraced, and then failed to surpass the previous peak, indicating a possible reversal in the stock's upward momentum. Traders and investors often use this pattern to make decisions about selling or shorting the stock, anticipating further price declines.
Price is a picture, value investing is a movieSee my work of math art.
I plot estimates of value over time.
If you can visualize, it helps with understanding.
Investors first must understand 3 things:
does it make money now?
will it make more money later?
how is the company funded?
Avoid money losers.
Avoid companies that cant scale or grow.
Avoid balance sheets that are weak or rotted with debt.
Palantir Wins U.S. Army Contract For Project TITANPalantir Technologies ( NYSE:PLTR ) has secured a lucrative $178 million contract with the U.S. Army for Project TITAN, a cutting-edge battlefield system powered by artificial intelligence. This groundbreaking development has sent shockwaves through both the defense and technology sectors, propelling NYSE:PLTR stock to new heights.
Project TITAN, aptly named Tactical Intelligence Targeting Access Node, represents a paradigm shift in modern warfare, harnessing the power of data aggregation from space and terrestrial sensors for unparalleled precision targeting and battlefield planning. Palantir's role in this venture underscores its position as a leader in providing AI-enabled capabilities to bolster national defense efforts.
"This award demonstrates the Army's leadership in acquiring and fielding the emerging technologies needed to bolster U.S. defense in this era of software-defined warfare," remarked Akash Jain, president of ( NYSE:PLTR ) Palantir's U.S. government business, in a statement. The company's commitment to innovation and strategic partnerships has positioned it as a linchpin in the modernization of military operations.
The integration of technologies from industry stalwarts such as Northrop Grumman, Anduril Industries, and L3Harris Technologies further underscores the collaborative nature of this endeavor. By leveraging the collective expertise of industry leaders, Palantir ( NYSE:PLTR ) aims to deliver a battlefield system that sets a new standard for efficiency and effectiveness in military operations.
Beyond its immediate impact on defense capabilities, Palantir's ( NYSE:PLTR ) foray into AI-defined vehicles marks a significant milestone in the company's evolution. With a keen focus on commercialization, Palantir ( NYSE:PLTR ) seeks to leverage its AI platform to penetrate diverse markets, including healthcare, energy, and manufacturing. The company's ambitious expansion plans underscore its confidence in the transformative potential of AI-driven solutions across industries.
As Palantir ( NYSE:PLTR ) prepares to showcase its AI platform at the upcoming AIPCon event, investors are eager to witness the unveiling of this groundbreaking technology. With NYSE:PLTR stock already surging in response to the TITAN contract, analysts predict continued momentum as the company solidifies its position as a driving force in the AI landscape.
Palantir : In-depth Chart Analysis and Future OutlookIn our detailed examination of the daily chart for Palantir Technologies, we've uncovered the development of a 5-wave cycle culminating in our significant Wave (1). We are currently navigating through Wave (2), which appears to be shaping up as an expanded Flat Correction. Closer analysis suggests that the extent to which Wave B overshoots should directly correlate with the extent to which Wave C dips below Wave A, precisely targeting the 61.8% retracement level. This makes the $10.94 level particularly intriguing for us.
Given the presence of a gap near the 78.6% retracement level, there's also a possibility that this gap might be filled. Our conviction in Palantir's potential and the compelling narrative of the chart argues against being prematurely stopped out. Consequently, we're considering setting our stop-loss strategically below the $7.19 level, the subordinate Wave 2, at $7.
For the upcoming Wave (3), we anticipate a minimum rise to 161%, with the potential to extend up to 361%, projecting a price range between $32 and $58 for Wave (3).
PLTR: waiting for the retracePLTR has exploded in February. It is also looking like finishing up the five wave sequence with an ending expanding diagonal pattern. There could be one more spike up before the sequence is over and we see a rather healthy retrace. the first leg of the retrace could be as explosive as the way up, followed by a bounce and another leg of drawn out accumulation phase. I will be planning on putting in a very, very long term (10 year plus) position in PLTR as it completes the intermediate wave 2 and gears up for a long wave 3 that could take this stock to triple digit numbers. The drawdown may coexist with the overall market correction that is due very soon and could last for two to three months. This is one of the few stocks I would like my money to be in.
PLTR Palantir Technologies Options Ahead of EarningsIf you haven`t bought PLTR ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of PLTR Palantir Technologies prior to the earnings report this week,
I would consider purchasing the 19usd strike price Calls with
an expiration date of 2024-3-1,
for a premium of approximately $0.73.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
PALANTIR starting a new multi-month rally to $45Palantir (PLTR) has been trading within a long-term Channel Up pattern every since the August 05 2022 High. The recent consolidation within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) was successful as it held the latter as Support and broke above the former. Since we are technically on the 2nd long-term Bullish Leg of the Channel Up, this break-out, along with the 1D RSI breaking above its Lower Highs trend-line, should set in motion a multi-month rally similar to the one that started on the May 04 2023 Low.
This gives us three Targets to aim in succession:
a) $24.50, which represents a +58.90% rise such as the one that peaked on November 21 2023.
b) $37.00, which represents a +136.51% rise such as the one that peaked on June 07 2023.
c) $45.00, which represents a +243.33% rise such as the one that peaked on August 01 2023.
The latter two would break the original (blue) Channel Up and start a divering (dotted) more aggressive one.
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Palantir and Coles Supermarkets Forge Strategic PartnershipPalantir Technologies Inc. (NYSE: NYSE:PLTR ), a global leader in AI systems, has announced a transformative 3-year partnership with Coles Supermarkets Australia Pty Ltd (ASX: COL), a prominent Australian supermarket and retail giant. The collaboration aims to revolutionize Coles' workforce strategy and analytics by leveraging Palantir's cutting-edge platforms, including the Artificial Intelligence Platform (AIP).
Unveiling the Partnership:
The partnership signals a strategic shift for Coles as it seeks to enhance operational excellence and redefine its end-to-end workforce strategy and integrated supply chain functions. By integrating Palantir's platforms into its store operations across 840 supermarkets, Coles aims to streamline decision-making processes, optimize workforce planning, and improve the overall customer and team member experience.
Palantir's Role in Workforce Transformation:
Palantir's platforms ( NYSE:PLTR ), particularly the Foundry platform, will play a pivotal role in reshaping Coles' approach to workforce management. The suite of workforce tools configured on Palantir will analyze a vast amount of data, comprising over 10 billion rows, including store details, team member information, shifts, and allocations. This comprehensive analysis aims to provide real-time insights, enabling Store and Department Managers to make informed decisions that optimize costs and improve both customer and team member satisfaction.
Harnessing the Power of Artificial Intelligence:
The partnership emphasizes Coles' commitment to harnessing the power of AI to drive digital transformation at scale. Coles plans to utilize Palantir's ( NYSE:PLTR ) Advanced Analytics 'Smarter Forecast' to enhance workforce planning and shift efficiency dynamically. The integration of AI into the retail ecosystem will empower front-line teams to respond more effectively to ever-changing trading conditions and customer needs.
The Foundry Platform and Retail Ecosystem:
Palantir's ( NYSE:PLTR ) Foundry platform will serve as the backbone of this innovative collaboration, bringing together legacy data systems and machine learning into a shared end-to-end view of Coles' retail ecosystem. This inclusive approach encompasses Bakery Production Planning tools for in-store bakeries and Ocado Fulfilment Centres, showcasing the adaptability and versatility of Palantir's solutions.
Coles' Vision for the Future:
Matt Swindells, Chief Operating & Sustainability Officer at Coles, expressed excitement about the partnership and its potential to redefine workforce management. He highlighted the capability of Palantir's Foundry platform to provide a suite of tools utilizing AI to empower front-line teams. Coles envisions a future where departments are optimally resourced, ensuring the best return on workforce spend and driving superior customer outcomes in-store.
Global Impact and Retail Industry Growth:
Ashwin Rajan, Head of Commercial for Australia at Palantir ( NYSE:PLTR ), emphasized the global significance of the partnership and its contribution to Palantir's growing presence in the retail industry. The collaboration with Coles showcases Palantir's ability to be integral to core operations in a challenging retail environment, enabling digital transformation on a large scale.
Conclusion:
The Palantir-Coles partnership marks a significant milestone in the evolution of workforce management, demonstrating how AI and data analytics can reshape traditional retail practices. As the collaboration unfolds over the next three years, it is poised to set new standards for operational efficiency, cost optimization, and customer satisfaction in the retail industry.
Palantir: Reverse Gear and next targets 🚴📉Analyzing Palantir Technologies from its count starting in December, 2022, we've seen the development of a 5-wave cycle, concluding with the overarching Wave (1).
Currently in a Wave (2) correction, the complexity lies in an overshooting flat. A closer look reveals the start with a downward A using an overshooting flat, followed by a WXY towards an ABC correction for the overshooting Wave B.
Now, a five-part correction downwards is expected for Wave 5/C/(2).
Anticipated to fall between 50% and 78.6%, it must be below the Wave A, given the overshooting nature of Wave B.
Consequently, our crucial buying zone is situated between $12.50 and $8.75. 🚀
$PLTR Weekly Chart Fundamentals + AlgorithmsFundamentals + Algorithms
Revenue growth: While not explosive, PLTR has shown consistent revenue growth, exceeding 40% year-over-year in recent quarters. However, investor expectations and valuation were initially set much higher, contributing to the recent stock price decline.
Profitability challenges: PLTR currently operates at a significant net loss, raising concerns about its ability to become sustainably profitable in the near future. This further adds to the uncertainty surrounding its valuation.
Cash-rich position: On the positive side, PLTR boasts a strong balance sheet with no debt and ample cash reserves, providing it with the flexibility to make strategic investments and navigate potential cash flow disruptions.
15 and then 28?It looks bearish and remain so for couple of months, it could hit 15 and if it forms a base around 15, then expect it to move higher towards 28. This could all happen by July-Oct 24. Happy trading !!
PALANTIR - DAILY KEYLEVLESPALANTIR - DAILY KEYLEVLES
These are my keylevels for PALANTIR on daily tf
PALANTIR Buy opportunities within the Channel Up.Palantir (PLTR) is trading within a 16-month Channel Up and is right now below the 1D MA50 (blue trend-line) and above the Channel's median. Once the 1D RSI hits again the Support Zone, it will be a buy opportunity again (assuming it also hits the Channel's median). The previous Bullish Leg on the median rose by 58.85%. As a result our target will be $25.00.
This trade will be invalidated if the price breaks below the 1D MA200 (orange trend-line). In this case, we will wait until the stock approaches the bottom (Higher Lows trend-line) of the Channel Up again. The previous Bullish Leg on the Channel's bottom rose by +136.50%, which is marginally above the $25.00 target.
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$PLTR At Resistance Price 20.24NYSE:PLTR , trading at a resistance price of $20.24, is at a pivotal point where the interests of bulls and bears converge. Bulls are hoping for Palantir to undergo a period of consolidation at this level, which could build the necessary momentum to break above the resistance, marked by the blue line on the chart. Conversely, bears are looking for a sharp reversal from this point, indicating a potential downtrend. The longer NYSE:PLTR remains at this resistance level and consolidates, the greater the likelihood it could break through, shifting the advantage to the bulls.
Be Cautious On Palantir🫨Hello Traders,
My name is Philip and I am just an average stock and indices trader with over 4 years of trading experience💻
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➡️In today's video, I will analyse Palantir for you🫡
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➡️I will only enter a trading position if ALL of my trading criterias are met!
Keep your long term vision!
P.S. Trading is risky and most beginner traders lose money!
Palantir (NYSE:PLTR) Gradually Makes Way to Two-year HighPalantir (PLTR) stock rose above $20.24 – the high from August 1 – on Friday as the artificial intelligence (AI) company attempts to finish off its third straight week of gains. This is the highest level that PLTR stock has traded at since November 2021. PLTR stock progressively rose throughout the session to more than 3%, reaching an intraday high of $20.45.
Palantir stock news
Much of the news surrounding Palantir at the moment stems from hedge funds and family offices filing their 13Fs for the third quarter with the Securities & Exchange Commission (SEC) this week. PLTR stock is a common holding of many of them.
Most notably, Palantir co-founder Peter Thiel’s Mithril venture capital fund sold $48 million worth of Palantir stock in the third quarter, which ended in September. The shares were acquired about a decade ago.
Coatue Management, run by Philippe Laffont, purchased a new position in Palantir. The hedge fund bought just under 894,000 shares of the AI platform company.
Palantir Technical Analysist
Palantir has just barely marked a new two-year high on Friday. The stock has risen as high as $20.34 at the time of writing, 10 cents above the August 1 high of $20.24 and its highest value in two years.
There is no telling how far Palantir stock could rise in the present rally. The 161.8% Fibonacci Extension (not pictured) provides a reading of $22.18 though. The 9-day Simple Moving Average (SMA) is strongly leading its 21-day SMA counterpart, as would be expected in a rally of this type.
Support rests nearby at $18, a level that has been used as both resistance and support since the summer.
Palantir - Weekly - UpdatePalantir - Weekly - Update
These are my keylevels for Palantir on Weekly time frame.
