Meta Stock Returns Pale Next To Peter Thiel's Secretive Data Company Even As Mark Zuckerberg Company's AI Advancements Generate Excitement
Portfolio Pulse from Shanthi Rexaline
Meta Platforms, Inc. (NASDAQ:META) and Palantir Technologies, Inc. (NYSE:PLTR) have both seen strong stock performance recently, with Palantir outperforming Meta in year-to-date gains. Despite high valuations, both stocks have potential for further growth, with Meta's upcoming earnings report and Palantir's strong deal flow as potential catalysts.
October 07, 2024 | 7:28 am
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POSITIVE IMPACT
Meta Platforms has gained over 68% YTD, with recent AI advancements and product launches boosting investor confidence. The upcoming Q3 earnings report on Oct. 30 is a key catalyst, with expectations of significant EPS and revenue growth.
Meta's stock has been climbing due to AI advancements and product launches. The upcoming earnings report is expected to show strong growth, which could further boost the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Palantir Technologies has surged 133% YTD, driven by its inclusion in the S&P 500 and strong deal flow. Despite high valuations, continued positive results and guidance could sustain the upward momentum.
Palantir's stock has been on an uptrend due to its S&P 500 inclusion and strong deal flow. Despite high valuations, continued positive performance could maintain the stock's momentum.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (NYSE:SPY) has been outperformed by both Meta and Palantir. The market is in a seasonally strong quarter, which could support further gains despite high valuations.
SPY has underperformed compared to Meta and Palantir. However, the market's seasonal strength could lead to gains, although high valuations may limit upside.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50