Contrarian Opinion: President Trump's Pentagon Budget Reductions Will Benefit Palantir. Here's Why.
For much of the last year, any time investors got news related to Palantir Technologies (NASDAQ: PLTR), that news was overwhelmingly positive. In 2024, the data analytics specialist's stock was the top performer in the S&P 500 (SNPINDEX: ^GSPC). It was also added to the Nasdaq-100 index, and institutional investors finally warmed up to a business they had previously viewed as too heavily reliant on U.S. government contracts. However, as smart investors know, no stock can go up in a straight line forever. And Palantir just hit its first major snag in quite some time.Over the last 10 days or so, shares of Palantir have cratered by 24%. The sell-off was linked to a series of orders out of the White House that spooked investors.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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