Palantir (NYSE:PLTR) might be on cloud nine after posting another solid quarter of earnings. Altogether, when you add in several contract wins, it seems like the data analytics company can’t put a foot wrong. However, there are genuine concerns about overvaluation here. Right now, PLTR stock is trading at nearly 110 times forward earnings, according
Stocks to buy
Recently, shares of Palantir (NYSE:PLTR) sank over 10% following the release of its third-quarter results on Nov. 9. Coming off a low in mid-November last year, PLTR stock hit an all-time-high of $45 in late January. Now, the stock hovers around $22, down about 8% year-to-date (YTD). Source: Ascannio / Shutterstock.com A big data group,
Rocket Lab (NASDAQ:RKLB) is a small business in the space services business. But RKLB stock makes it seem like a big company. Source: Andrzej Puchta / Shutterstock.com Rocket Lab said it had $5.3 million in revenue during the third quarter. Its backlog stood at $183 million at the end of September, and the company expects
Lucid Group (NASDAQ:LCID) reported results for its first quarter as a publicly traded company this week. If Lucid was an established automaker like General Motors (NYSE:GM) or Toyota (NYSE:TM), we would be talking about the bottom line. For what it’s worth, the electric vehicle startup lost 43 cents per share for the third quarter, much
Palantir Technologies (NYSE:PLTR) reported third-quarter results on Nov. 9, meeting earnings expectations and delivering a revenue beat. The company continues to add new customers at a healthy pace with strong growth projected in the coming years. Though government revenue dipped during the quarter, the compelling strides in Palantir’s commercial segment have more than made up
Lucid Group (NASDAQ:LCID) just released its Q3 financial results on Nov. 15, showing that its order book is growing nicely. It is now clearly seen as a real force in the luxury end of the electric vehicle (EV) market. As a result, LCID stock is bound to move substantially higher from here. Source: Around the
Here’s an interesting addition to your biotechnology-sector holdings: California-headquartered Progenity (NASDAQ:PROG) develops targeted therapeutics for diseases, and traders should be glad to know that PROG stock is usually affordable. The stock’s low price makes it prone to bouts of volatility however, which are not helped by recent short-squeeze runs. But the big swings don’t mean there’s
There’s a pretty good chance that you haven’t spent much of your time thinking about functional materials. As an enterprising investor, however, you could discover serious profit potential with Meta Materials (NASDAQ:MMAT), as MMAT stock offers pure-play exposure to this high-conviction market. Source: Yuriy Golub / Shutterstock.com To put it simply, meta materials are a
If you’re looking to find stocks to buy on the dip, November provides slim pickings. That’s because the markets did well in October. The S&P 500 gained 6.9% last month, bringing its year-to-date return to 22.61%. In addition, the index had five new closing highs in October, bringing the YTD total to 59. Since 1950,
Novavax (NASDAQ:NVAX) bulls are finally rejoicing. Shares shot up after Indonesia, one of the top five most populous countries globally, greenlighted its vaccine recently. That came on the heels of the biotech filing emergency use authorization (EUA) packages with several authorities, including the world health organization (WHO) and the European Union (E.U.). All of this
GameStop (NYSE:GME) looks like it could be turning the corner financially. In its fiscal second-quarter results released on Sept. 8, sales rose to $1.183 billion from $942 million last year. Moreover, its net income loss was much lower than last year. Investors in GME stock could see a major turnaround sometime within the next year. Source:
Still stuck trading between $20 and $30 per share, it may seem like Palantir Technologies (NYSE:PLTR) is never bouncing back. But while returns with PLTR stock have been underwhelming over the past nine months, don’t get discouraged. Now is not the time to head for the exits. Source: Ascannio / Shutterstock.com Why? After its incredible run
Founded by somewhat eccentric billionaire Richard Branson, Virgin Galactic (NYSE:SPCE) is on a mission to make astronauts out of regular folks — who happen to have an extra several hundred thousand dollars lying around. You can invest in this intriguing mission with a position in SPCE stock. Source: Christopher Penler / Shutterstock.com To its credit, Branson’s
I have written several articles about AT&T (NYSE:T) and its proposed dividend cut. Suffice it to say that once the company spins off its Warner Media division and combines it with Discovery Inc (NASDAQ:DISCA), the dividend will be cut. That should occur sometime in 2022. For now, though, we can estimate where T stock will
Plant-based stocks have attracted significant investor interest in the past year. Data released by The Good Food Institute reveals that $3.1 billion in investment capital went into alternative proteins globally in 2020. That amount was three times the capital raised in 2019. In addition, Meticulous Research suggests the plant-based market will grow at a compounded
The cloud-based e-commerce platform Shopify (NYSE:SHOP) never ceases to amaze. In just 16 months during the pandemic, its total merchant’s gross merchandise volume (GMV) for SHOP stock has doubled from $200 billion to $400 billion. Source: Paul McKinnon / Shutterstock.com It has been the go-to platform for small businesses transitioning to an online model —
In a world struggling to cope with climate change, investors might expect coal stocks to be plunging in value. Such a decline was indeed the case through much of the past year. Coal was losing its dominance due to growing awareness about emissions and its negative impact on climate change. Meanwhile, alternative energy shares kept
Paypal (NASDAQ:PYPL) is a screaming buy after its recent earnings fiasco. PYPL stock fell 12% on Nov. 9 immediately after it announced third-quarter results and forward guidance that left Wall Street cringing. Source: JHVEPhoto / Shutterstock.com Paypal stock had its worst one-day performance in nearly two years due to the substandard results. The online payments
Quantumscape (NYSE:QS) stock now looks more valuable as a result of a third-party test of its batteries. The results showed its lithium-metal electric vehicle (EV) batteries basically performed up to their own previous expectations and internal tests. Subsequently, QS stock spiked starting on Oct. 27 and now stands at $34.57 as of midday Nov. 10.
Facebook — now known as Meta Platforms (NASDAQ:FB) — is trying to change the narrative to a positive tone with its new name and upcoming MVRS ticker change on Dec. 1. That will help investors get excited about FB stock again. This includes its new focus on the metaverse and its desire to move into
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