$Palantir Technologies Inc.(PLTR)$ Palatir results were better than expected by the professional analysts. But meme retailers had bigger demands of it. This is the reason for the sell-off the last two days post results.
But as is always the case, people will wake up and realise PLTR has become a value stock after the panic selling and the institution buyers will start buying. I think this started late yesterday and will continue today. Once the meme retailers see this happen, there will
Be a stampede of buyers rushing in.
Keep close watch today.
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For one, most of their business is state-side. Within the US.
Also, their single biggest customer is the US goverment, and Trump has announced spending more than 1 trillion in defense. PLTR provides data collection and intelligence for this sector.
Finally, non-government business has also been growing as most businesses like Amazon need enhanced market intelligence to forecast business directions and strategies.
All these are suggesting to me that PLTR is in a very good sweet spot right now.