In the last decade, growth investing has trounced both value and income investing, posting outsized returns. As a result, many high-growth stocks began to command excessive valuations. However, the tide is slowly starting to turn. For the first time in years, the S&P 500 is tracking the performance of the Nasdaq. Both have posted similar returns year-to-date (~25%) as many high-flying tech stocks see their valuations reset. One example of a tech stock struggling to maintain any sort of momentum is Palantir Technologies (PLTR). Down approximately 12% year to date, I remain bullish on Palantir’s long-term prospects.
https://www.tipranks.com/news/article/palantir-technologies-weakness-is-an-opportunity?utm_source=advfn.com&utm_medium=referral
Palantir Technologies (NYSE:PLTR)
Historical Stock Chart
From Dec 2021 to Jan 2022 Click Here for more Palantir Technologies Charts.
Palantir Technologies (NYSE:PLTR)
Historical Stock Chart
From Jan 2021 to Jan 2022 Click Here for more Palantir Technologies Charts.