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Palantir reported record earnings tonight, but the stock is not pumping! It actually went red for a little while after the initial move higher. Traders are worried that tech stocks and AI stocks could be overvalued right now. It is becoming difficult for these companies to wow shareholders enough at these current levels. We have a fantastic chart showing some key valuation metrics and compare Palantir to some of its peers. There are some insane discrepancies there you won’t want to miss. The S&P 500 has been extremely choppy lately, but has been straddling key areas of support. Amazing helped push it higher this morning as a deal between them and OpenAI was announced. This is a huge earnings week as a lot of different companies are set to report. $AMD reports earnings tomorrow after the bell, and it will be interesting. Make sure to demolish the like and subscribe buttons if you are new to the channel. We post new videos, highlighting the best news and events in the stock market every night before a trading day. Consider turning on notifications and clicking the notification bell so you never miss out.
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0:00 Great Earnings = Disappointing Stock Moves
4:46 History Says When The S&P 500 Surges Like This From May To October, Momentum Rarely Fades
9:09 Tomorrow’s Top Events & Earnings
10:04 Special report: OpenAI and Amazon Sign $38 Billion Cloud Deal
12:29 Favorite Setups & Predictions
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I think it's obvious:
2025 is the emotional investor; Any time a stock spikes up, people think everyone else is going to take profits, so they don't want to be left holding the bag, so THEY sell. So any pop up, is followed by fear selling. It only continues to move up, if there are more buyer than sellers.
It’s going to dip from people harvesting profit, then buyers are gonna buy the dip and it’ll go back up again. Just like NVDA.
Its probably because this was expected and the price gain was front loaded last week
QBTS has a PE 1100..Average tech stoch is 40…PLTR has PE 600..This is insane
Yo yo yo, Mike and Tom, thank you for all of the market information.
It's at $198 after hours.
Glory! After so many struggles, I now own a new house and receive a monthly income of $92,630.00. God has kept His word—my family is happy again, and everything is finally falling into place. God bless 🇺🇸
Wasn’t so popular when I was buying when it was at seven dollars, actually it was a laughing stock.
You have no idea how much further AI has to go, it is not hype.