We've covered palm tiers of bullish pick before, but it deserves circling back today.
Shares of Palantir surged more than 40% during the week of the presidential election. The move was a follow through from last week's blowout earnings report and a positive reaction to the presidential election results.
Palantir’s large growth in government contracts is seen as a trend that will continue into Donald Trump’s second term. Palantir’s work in the defense and intelligence sector of the government should see even more interest moving into 2025.
The company surged past earnings targets last week and raised their outlook for next quarter.
Shares are trading in overbought territory, suggesting that we will see a pullback in the shares. That said, any pullback should be little more than a short-term consolidation as the stock will be met with significant buying power from investors looking to “buy the dip”.
The shifting political trends are still going to have to face heavy work on the infrastructure of the country.
Roads, highways and other large construction projects will move forward in 2025 meaning companies like Caterpillar will be busy.
CAT stock shifted into a bullish trend in late August as the economic data continued to build a stronger look of the U.S. economy.
Investors can expect that the government is locked into infrastructure spending that will have to be completed over the next two years as highways and several projects have already been funded.
Private projects should take up the slack for any government cutbacks as lower interest rates and the need for private infrastructure (energy plants, etc…) continue to grow.
Caterpillar shares are currently breaking through the $400 with a price target of $500 over the next 6-12 months.
Investors have been watching nuclear themed stocks climb through the roof over the last four months. For example, shares of Nano Nuclear Energy (NNE) have surged from $7 to $23 in just a few short months.
One of the few nuclear-related stocks still trading under $10 is Uranium Energy Corp. (UEC).
The company is a U.S.-based uranium mining and exploration company. The company is growing into a position as a key player in the nuclear energy sector in the U.S..
Shares of UEC just formed a “Golden Cross” technical pattern. This happens when a stock’s 50-day moving average crosses above its 200-day moving average. The pattern forecasts higher prices for a stock 4-6 months out.
With Uranium Energy Corp. shares trading at $8, investors can expect that the stock will rally to the round-numbered $10 in short order. From there, the stock will find some resistance, but then likely breakthrough to it’s next target of $12.
Interest rates are flying all over the place as the bond market tries to sort out where things are heading in 2025.
In case you didn’t know, the bond market really does represent the smartest money in the market, that’s why we watch it so closely.
Recent volatility should have income investors looking for some calm in their portfolio, which is exactly what the iShares Select Dividend ETF provides.
The Exchange Traded Fund holds 89 different stocks, all consistent dividend providers.
The fund provides a current yield of 3.23% along with growth of principal. Year-to-date, the DVY shares are trading higher by 21%, combining for an attractive growth/income investment.
The post-election trading activity has been rough for Chinese companies, especially Nio.
Shares of NIO had traded more than 6% lower immediately after the election results were in, but the shares have found some buyers at $5.
That $5 mark represents a psychological price that many investors and institutions like to use as a buying price for a stock. This may change for NIO over the next three months.
Investors should factor Elon Musk’s position with the President-elect and how this is likely to deliver tariffs to foreign EV producers, including NIO.
Watch for a break below $5 to trigger a wave of selling pressure on the stock, driving shares to a target of $3.00.
