What’s Our Game Plan for Palantir?
Let’s discuss PLTR’s oversold condition, increased earnings expectations, and notable valuation.
The calls by folks to discuss the Pro Portfolio’s position in Palantir (PLTR) have not gone unnoticed, and after clearing our desk of this morning’s comments and the May Durable Goods report, let’s get into it.
As we do, let’s first set the backdrop for the conversation, and that is PLTR shares and their move lower joined by many others in the software space. We see that firsthand with the drop in the iShares Expanded Tech-Software Sector ETF (IGV), which is down more than 20% from its recent peak. The difference in the beta figures for IGV at 1.12 and Palantir’s 1.51 helps explain…