To The Moon

SummaryAn upcoming $120 million SARs expense will likely cause a significant EPS miss, unaccounted for by Wall Street analysts.The stock being expensive does not mean that it is overvalued, and invest

The latest forecast of the Metcalfe's Law valuation model. As you can see from the accompanying chart, this Metcalfe's Law model has done a good job countering both the exuberance that prevails when bitcoin is at or near record highs and the despair that accompanies bear market lows. It calculates the cryptocurrency's current fair value to be $40,100, 29% below its recent price.Notice that this projection has nothing to do with who wins the presidential election in November. Many bitcoin traders believe that a Donald Trump victory would be bullish for the cryptocurrency, and its price did fall in the wake of Tuesday's debate between him and Kamala Harris. But the Metcalfe's Law model is based on just one input: The number of bitcoins that have been mined.

Palantir shares slid over 4% after the latest S&P 500 snub.CEO Alex Karp been boasting since last summer that Palantir's strong results make it eligible for inclusion in the S&P 500. However, S&P just released its latest update for the index, and Palantir has been snubbed but included Super Micro Computer and footwear designer and distributor Deckers Outdoor Corp. The changes will take effect on March 18.Inclusion in the S&P 500 typically benefits stocks as index funds holding portfolios that mi

The AI stock has been on a roll this year. Can the good times continue?

Wall Street's main indexes fell on Monday, as investors remained cautious ahead of a slew of economic data this week that is likely to test the narrative about a cut in interest rates by the Federal Reserve early next year.Big tech stocks dropped in morning trading. Apple fell 1.7%; Microsoft fell 2.8%; Alphabet fell 2.7%; Amazon fell 2.5%; Tesla fell 1.5%; Nvidia fell 3.4%; Netflix fell 2.7%.