Watch This Before It Reports Earnings Tomorrow...
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PLTR is wowing investors. Quick market update on companies reporting earnings tomorrow: PayPal, AMD. PayPal fundamentally looks good and undervalued, but technically getting destroyed. What's the point of investing if Wall Street doesn't like it?
Alphabet reports earnings after market closes Wednesday. Amazon reports Thursday after market closes. Watch the Magnificent Seven stocks. AMD and Super Micro are tech companies to watch.
Palantir killed it today with an amazing report and market reaction. Moved from lows of $146 to highs of $161, now trading around $160. Possible overbought reversal to short tomorrow? Tried shorting PLTR and found it challenging because Wall Street loves it. Some stocks are too resilient. PLTR is risky to short due to strong market sentiment.
Stock had downturns from $222 to lows of $149, then ripped back to $195. Closer to support than resistance based on previous highs and lows. No interest in shorting; not worth the risk.
Beat EPS by 9%, revenue by 5%. EPS up 79% year-over-year, revenue up 17%. Quarter-over-quarter: EPS up 19%, revenue up 19%. Not a good value stock; disagree with valuation at 321x earnings. Still aggressively growing company that walks the walk. Tolerates irrational valuations better. Net income and revenue growing; P/E ratio not as bad as before but still expensive.
Investing Pro shows exponential revenue growth, not just stock growth. Contrast with MSTR: doesn't make money, went from lows of a few dollars to highs of $543, now down 60%. Price performance doesn't mean good quality or sustainability without matching fundamentals. PLTR paints a different picture.
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