Stock of the week – Palantir Technologies

Palantir Technologies

$PLTR – $9.05 (At Time Of Post)

Palantir Technologies, Inc. operates as a holding company, which engages in the development of data integration and software solutions. It operates through the Commercial and Government segments. The Commercial segment offers services to clients in the private sector. The Government segment provides solutions to the United States (US) federal government and non-US governments. It offers automotive, financial compliance, legal intelligence, mergers and acquisitions solutions. Its products include Palantir Gotham and Palantir Foundry. The company was founded by Stephen Cohen, Nathan Dale Gettings, Joseph Lonsdale, Alexander C. Karp, and Peter Andreas Thiel in 2003 and is headquartered in Denver, CO. The listed name for PLTR is Palantir Technologies Inc. Class A Common Stock.

CEO – Alexander Caedmon Karp

Employees – 2,391

Headquarters – Denver, Colorado

Founded – 2003

Market Cap – 6.65B

Price-Earnings Ratio —

Dividend Yield —

Average Volume – 55.42M

Make a move anywhere in the city and Palantir Technologies will be snitching on ya, if you're a bookie runner grabbing a stack of envelopes to pay out this weeks take, Alexander C. Karp knows about it. This company has been the most talked about and anticipated IPO in the last 10 years, the opportunity to get in at $9.00 is a must. MAC has a speculative investment idea and he is lumping $PLTR into his portfolio for a few years. Expect this stock to take off and expect it to be in the high $20's within a few months. The technology is scary but not as scary as missing this opportunity.

MAC is holding 500 shares of Palantir and will be acquiring at least 100 shares a week until the elections, at that time $PLTR should have climbed it's way to the teens. After the elections and before the end of the year MAC will looking to hold over 1000 shares, selling off before the whole bubble pops will be difficult so keep price alerts set and make sure to have a mobile broker to make a dump if needed.

Submitted October 07, 2020 at 05:32PM by TheMACSPicks

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