On May 9, we said, “Palantir Technologies (PLTR) is gaining a good deal of momentum. All thanks to earnings, expectations for profitability, and artificial intelligence. In its latest quarter, the company posted an EPS of five cents, beating expectations for four cents. Sales were up to $525 million, as compared to expectations for $506 million.”

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At the time, it traded at $9.55.  It’s now up to $15.38 and still running. If it can break above resistance at $17, it could potentially test $20 shortly after. Helping, Bank of America recently raised its price target on the stock to $18 from $13 a share. Plus, the company recently launched its new AI platform, which was designed to boost data analytics.


Ian Cooper