For those that follow Palantir (Page 3 of 22)
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I took arfcom's advice, bought a few times in late May, has worked out well. Like all wins I just wish I had bought more, but 1/3 gains in under two months is still a big win. Attached File |
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$29.05 as of this post Q2 earnings date set for August 5th after the close Still unpacking Trump’s VP pick of JD Vance. Vance and Peter Thiel seem to have a pretty good relationship that goes back a while. This could be very good for Palantir. |
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Down this morning on a downgrade from Mizuhu from neutral to underperform. Looks like they had been neutral for the last 18 months since they initiated coverage. Reasoning is the usual Bear case that the stock is overvalued. Has price target of $21-22. Mizuhu has SaaS competitor Snowflake $SNOW rated buy despite their TTM EPS of -$2.79, loss of a popular CEO and a data leak / hacking problem. I’m skeptical to say the least. Seeing bearish analysts walk their (lower) price targets up as the stock goes up makes me apt to disregard their opinion. Crapping on a profitable company because of fundamentals when you’re bullish on unprofitable firms with serious issues doesn’t help either. |
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I would love to know Alex Karp’s thoughts on Vance. On the one hand you’d have an associate of Peter Thiel in the White House. On the other Vance is critical of supporting Ukraine. Also: looks like the market digested that downgrade. Seems like Palantir used to absolutely tank on bad news but here recently its momentum is just running through it. Attached File |
| Cannot help but see SeviceNow / $NOW’s earnings beat and subsequent 15%+ spike today as bullish for Palantir. While their services are different I cannot help but see their earnings as an insight into corporate spending on computing solutions. August 5th we will find out. |
Not a good sign (whatever the reason): Cathie Wood sells 325k of Palantir stock
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I like it when funds buy stocks I like. I hate it when they sell them. That said ARK has a poor track record trading $PLTR and I don’t put much weight on her activity. That’s a bold move with $PLTR & $HOOD having earnings next week. If Dan Ives or Mariana Perez lower price targets then I’ll be worried. @Solo_ Did you hear the CEO of Microsoft call Palantir an industry leader in their earnings call? |
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Originally Posted By Procat: @Solo_ Did you hear the CEO of Microsoft call Palantir an industry leader in their earnings call? I hear you on the previous observations with which I agree wholeheartedly. Still I didn't like to see her sell I guess we will know more on Monday! |
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Originally Posted By Procat: Fighting the urge to not grab more shares in the premarket. $21.73 as of this post. I guess for now we're not seeing that. Looking forward Q2 report later ETA reminder to all of us that "... Palantir is built for bad times" 
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Couldn’t bring myself to do it as $PLTR is already my largest position and even at these prices it would be raising my cost basis. Bought $HOOD instead at $14.70 There’s some pretty strong similarities between $HOOD and $PLTR. Both are GAAP profitable, growing and technically eligible for S&P inclusion. |
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Agreed. You and I are obviously similarly thinking (which wouldn't shock me being here on ARF). In any case - too early to call anything brother. It IS going to be a long week - and maybe a few long months. ETA are you watching how folks are still buying "the dip" on $PLTR |
 PALANTIR Q2 2024 EARNINGS LIVE Moment of truth |
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All in all I cannot complain about today. Biggest position is $PLTR and we’re back over $27 2nd biggest is $SOFI who fell hard but and is right back around where it started. 3rd biggest position is $HOOD and I was able to grab some at $14.70 at the open and lower my cost basis. As of this post it’s back up to $17. |
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LFG!!! ETA LOL Cathie Wood re-purchases @PLTR  
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Originally Posted By Solo_: LFG!!! Next couple days will probably depend more on the macro and broader market. We’ll see. It will probably pump ahead of next month’s S&P 500 rebalance announcement too. Not holding my breath for inclusion as the street still seems to hate them. At some point S&P will have to give in or risk loosing legitimacy (I personally don’t like the S&P 500 but that’s a whole different discussion) When it does I hope retail makes the institutions pay dearly for every share. Attached File Attached File Edit: @Solo_ The Cathie Wood repurchase looks like she’s making a big bet on $HOOD earnings Wednesday. Looks like she only repurchased a fraction of the $PLTR but double the $HOOD. |
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Yall do realize that palantir is a government surveillance contractor? https://theintercept.com/2017/02/22/how-peter-thiels-palantir-helped-the-nsa-spy-on-the-whole-world/ It’s hard to square this purported commitment to privacy with proof, garnered from documents provided by Edward Snowden, that Palantir has helped expand and accelerate the NSA’s global spy network, which is jointly administered with allied foreign agencies around the world. Notably, the partnership has included building software specifically to facilitate, augment, and accelerate the use of XKEYSCORE, one of the most expansive and potentially intrusive tools in the NSA’s arsenal. According to Snowden documents published by The Guardian in 2013, XKEYSCORE is by the NSA’s own admission its “widest reaching” program, capturing “nearly everything a typical user does on the internet.” A subsequent report by The Intercept showed that XKEYSCORE’s “collected communications not only include emails, chats, and web-browsing traffic, but also pictures, documents, voice calls, webcam photos, web searches, advertising analytics traffic, social media traffic, botnet traffic, logged keystrokes, computer network exploitation targeting, intercepted username and password pairs, file uploads to online services, Skype sessions, and more.” For the NSA and its global partners, XKEYSCORE makes all of this as searchable as a hotel reservation site. But how do you make so much data comprehensible for human spies? As the additional documents published with this article demonstrate, Palantir sold its services to make one of the most powerful surveillance systems ever devised even more powerful, bringing clarity and slick visuals to an ocean of surveillance data. https://www.tandfonline.com/doi/full/10.1080/01972243.2022.2100851#d1e536 Palantir’s surveillance platform The previously cited press often describes Palantir as providing data-gathering and integration services supporting preemptive decision analytics. Still, such reports rarely provide any first-hand or primary source details about how the technology is supposed to operate. Commonly, they describe Palantir as providing a way to link digital objects in different databases. The company offers this data-object linking as a type of “Software as a Service” (SaaS), renting itself out to purchasers who require assistance with integrating data from heterogeneous sources (e.g., data silos might include one database of arrest reports, another database of credit card receipts), thus positioning itself as a platform service provider. Yet, it appears that Palantir is not SaaS in a strict sense. The company often sends what it refers to as “forward deployed software engineers” (Rocha Citation2019) to its customers and on-premises appliances. These forward-deployed engineers develop custom “on-prem” software and assist with data integration, practices that somewhat elide the SaaS label due to embedded engineering expertise on location. Nevertheless, Palantir also promotes itself as “Data as a Service” (Gordon Citation2021c), maintaining its strictly “digital service” image despite the physically present personnel who may briefly manage products and data orchestration for clients after the sale. Following West (Citation2019) on new surveillance services offered by Amazon, we think a more accurate term would be “Surveillance as a Service” owing to Palantir’s contracts, press releases, and (as we shall see) patents. These forward-deployed engineers provide an opportunity for media and communication researchers to study the organizational, interpersonal, and small group dimensions of surveillance employees, including via lines of the research Gates and Magnet (Citation2007) describe in their introduction to the “Surveillance and Communication” special issue of The Communication Review, critical approaches to communication technology described in Bakardjieva and Gehl (Citation2017) and Gehl (Citation2015) on data engineers. I would be shocked if they were not directly a part of what was used to target J6 people, and etc. |
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I’m aware of what’s known about Palantir’s government business. It’s well known that they work with all the 3 letter agencies and they actually received some of their initial funding via the CIA. As a member of this site should I also despise companies like Colt, HK, Glock, ect for selling their product to governments that may use those products against me? As far as the J6 angle I doubt the government needed anything as sophisticated as Palantir Gotham to identify people. As someone with a better grasp of data privacy than most I’d be willing to bet that most were betrayed by the cell phone in their pocket. |
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Originally Posted By FlashMan-7k: Yall do realize that palantir is a government surveillance contractor? https://theintercept.com/2017/02/22/how-peter-thiels-palantir-helped-the-nsa-spy-on-the-whole-world/ It’s hard to square this purported commitment to privacy with proof, garnered from documents provided by Edward Snowden, that Palantir has helped expand and accelerate the NSA’s global spy network, which is jointly administered with allied foreign agencies around the world. Notably, the partnership has included building software specifically to facilitate, augment, and accelerate the use of XKEYSCORE, one of the most expansive and potentially intrusive tools in the NSA’s arsenal. According to Snowden documents published by The Guardian in 2013, XKEYSCORE is by the NSA’s own admission its “widest reaching” program, capturing “nearly everything a typical user does on the internet.” A subsequent report by The Intercept showed that XKEYSCORE’s “collected communications not only include emails, chats, and web-browsing traffic, but also pictures, documents, voice calls, webcam photos, web searches, advertising analytics traffic, social media traffic, botnet traffic, logged keystrokes, computer network exploitation targeting, intercepted username and password pairs, file uploads to online services, Skype sessions, and more.” For the NSA and its global partners, XKEYSCORE makes all of this as searchable as a hotel reservation site. But how do you make so much data comprehensible for human spies? As the additional documents published with this article demonstrate, Palantir sold its services to make one of the most powerful surveillance systems ever devised even more powerful, bringing clarity and slick visuals to an ocean of surveillance data. https://www.tandfonline.com/doi/full/10.1080/01972243.2022.2100851#d1e536 Palantir’s surveillance platform The previously cited press often describes Palantir as providing data-gathering and integration services supporting preemptive decision analytics. Still, such reports rarely provide any first-hand or primary source details about how the technology is supposed to operate. Commonly, they describe Palantir as providing a way to link digital objects in different databases. The company offers this data-object linking as a type of “Software as a Service” (SaaS), renting itself out to purchasers who require assistance with integrating data from heterogeneous sources (e.g., data silos might include one database of arrest reports, another database of credit card receipts), thus positioning itself as a platform service provider. Yet, it appears that Palantir is not SaaS in a strict sense. The company often sends what it refers to as “forward deployed software engineers” (Rocha Citation2019) to its customers and on-premises appliances. These forward-deployed engineers develop custom “on-prem” software and assist with data integration, practices that somewhat elide the SaaS label due to embedded engineering expertise on location. Nevertheless, Palantir also promotes itself as “Data as a Service” (Gordon Citation2021c), maintaining its strictly “digital service” image despite the physically present personnel who may briefly manage products and data orchestration for clients after the sale. Following West (Citation2019) on new surveillance services offered by Amazon, we think a more accurate term would be “Surveillance as a Service” owing to Palantir’s contracts, press releases, and (as we shall see) patents. These forward-deployed engineers provide an opportunity for media and communication researchers to study the organizational, interpersonal, and small group dimensions of surveillance employees, including via lines of the research Gates and Magnet (Citation2007) describe in their introduction to the “Surveillance and Communication” special issue of The Communication Review, critical approaches to communication technology described in Bakardjieva and Gehl (Citation2017) and Gehl (Citation2015) on data engineers. I would be shocked if they were not directly a part of what was used to target J6 people, and etc. This is why I won't touch the stock. We all know who the left leaning 3 letter agencies consider "terrorists" worthy of surveillance. Hint: It's not Abdul who just skipped across the border. I am not going to voluntarily provide them with better privacy invading tools when I am no doubt a target myself just by being on this site. To be fair the same could be said for many AI/tech stocks we hold individually or in our index funds. We buy the rope they hang us with. |
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Originally Posted By HEATSEAKER: This is why I won't touch the stock. We all know who the left leaning 3 letter agencies consider "terrorists" worthy of surveillance. Hint: It's not Abdul who just skipped across the border. I am not going to voluntarily provide them with better privacy invading tools when I am no doubt a target myself just by being on this site. To be fair the same could be said for many AI/tech stocks we hold individually or in our index funds. We buy the rope they hang us with. Your last 2 sentences perfectly sum up why I don’t let it bother me. Personally I’d bet Google and Amazon would snitch me out for something before Palantir but to avoid investing in them because of it would have been to my own detriment. Eventually Palantir will be included in the S&P 500 and millions of Americans will own a piece of the pie even if they don’t know it. |
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Originally Posted By Procat: I’m aware of what’s known about Palantir’s government business. It’s well known that they work with all the 3 letter agencies and they actually received some of their initial funding via the CIA. As a member of this site should I also despise companies like Colt, HK, Glock, ect for selling their product to governments that may use those products against me? As far as the J6 angle I doubt the government needed anything as sophisticated as Palantir Gotham to identify people. As someone with a better grasp of data privacy than most I’d be willing to bet that most were betrayed by the cell phone in their pocket. The data feeds are so massive that products like that are absolutely necessary. There aren't enough anaylists or man hours available if you had them to be able to comb all the feeds, much less correlate them. This has been a problem minimally since the patriot act happened and we started scooping up every single thing that touches the internet in any way. GWB said to the intel boys "never again" and the intel boys took the capabilities we had to scoop up all elint in the USSR and turned it inwards facing. This produces feeds of data that are too big to be useful. In otherwords, what they are making is a stasi type tool. It cannot even function if it does not behave that way. ETA: not trying to be an ass to you but this stuff needs to be pointed out. Thus the posts. |
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New 52 week intraday high The fight for $30 is on Attached File |
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A meaningful change in policy to prevent all the .gov surveillance is something I would support 100%. But this would be the .gov putting binders on it's own capabilities, so I don't think this is likely. What is likely, is PLTR will continue to advance business in this area. My upside in PLTR is 30% so far. That's worth far more than some personal pride not investing and claiming a moral victory, on something I can't change. Don't hate the player, hate the game. |
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Originally Posted By heavily_armed: A meaningful change in policy to prevent all the .gov surveillance is something I would support 100%. But this would be the .gov putting binders on it's own capabilities, so I don't think this is likely. What is likely, is PLTR will continue to advance business in this area. My upside in PLTR is 30% so far. That's worth far more than some personal pride not investing and claiming a moral victory, on something I can't change. Don't hate the player, hate the game. Well put First close over $30 since February 2021. Congrats to everyone along for the ride. |
| Exciting week. Seems like we hit a new intraday 52 week high every day. Volumes are above average as well. With the September S&P rebalance announcement 3 weeks out I’m already hearing speculation about the buying being institutional ahead of (potential) inclusion. Usually have to wait until the week of to hear chatter like that. |
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Originally Posted By Procat: Exciting week. Seems like we hit a new intraday 52 week high every day. Volumes are above average as well. With the September S&P rebalance announcement 3 weeks out I'm already hearing speculation about the buying being institutional ahead of (potential) inclusion. Usually have to wait until the week of to hear chatter like that. Good times ahead! |
Interesting video on Palantir’s potential S&P inclusion. I was very surprised to hear Emir brush off bullishness on inclusion after pointing out that Palantir would be in the top 150 by weight if added now.  Palantir S&P500 Inclusion: What Will Happen? All 5 of these content creators are worth subscribing to. Vince and Matt Money also make videos covering Rocket Lab and I’d say offer the best coverage of it for anyone interested. |
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Russia added CEO Alex Karp to their list of sanctioned individuals this week. It would seem to imply they’re taking notice of Palantir’s assistance to Ukraine. Attached File S&P rebalance announcement comes out after the close this Friday. Expecting names like $PLTR and $HOOD to pump a bit as there are a handful of interesting names who meet all the eligibility requirements. |
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*not investment advice* While traditional wisdom is to sell the news I would never do that here. With relatively low institutional ownership the is probably a ton of money that is about to flow into the stock. Every institutional investment vehicle that tracks the S&P will be buying to make sure they are properly allocated. Hold and make them pay, most likely have no choice according to their prospectus. Remember how they went with $SNOW over $PLTR. Remember the bullshit price targets given by analysts who clearly didn’t understand the business. Remember the street being butt-hurt because they went public via DPO instead of IPO. Retail has the institutions by the balls here, don’t squander it. |
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Originally Posted By zegermanznew: LETS GOOOO!!!! Gotta say, thanks for putting us onto this OP! Have a great weekend! You’re welcome and thanks for the reply. There have been times like I felt like letting this thread fall off because it seemed no one was interested, plenty of times where I’m the only poster several posts in a row. I’m glad to hear it when others find value and hopefully made some money. My stock picking thesis and trading strategy is a bit out there but I enjoy due diligence and don’t mind doing it. Palantir has been the masterpiece of my investing thesis application over the past year. |
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[b]Originally Posted By Procat:[/b There have been times like I felt like letting this thread fall off because it seemed no one was interested, plenty of times where I’m the only poster several posts in a row. I’m glad to hear it when others find value and hopefully made some money. My stock picking thesis and trading strategy is a bit out there but I enjoy due diligence. There is a silent majority following along. I’ve gotten in at $26 and $21 based on this thread alone, $30kish, on a 7 year runway but always looking to make 20% total portfolio. What else you got on your board for “not investment advice? 
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Originally Posted By SkiandShoot: What else you got on your board for “not investment advice? If you want I’ll lay it all out. It will be a long read. I’ve shared bits and pieces in other threads and I usually get shouted down by the index fund guys and people convinced that touching options will make you loose all your money. 50/50 chance you will be horrified that you ever listened to me in the first place. |
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Yahoo finance showing we broke into the $34s at least briefly and new 52 week high set. Congratulations to all holders. Attached File |