Billionaire Stanley Druckenmiller Just Doubled Down on Palantir Stock

InvestorPlace2022-08-19

Palantir has been crushed from its highs, with PLTR stock still down about 60% over the past 12 months.In the first quarter, Stanley Druckenmiller doubled his stake in Palantir, then added to it again...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

AnaiAnai
2022-08-19
AnaiAnai
Look like another billionaire picked the wrong stock again.
Sysy
2022-08-19
Sysy
Ok
Twhyger
2022-08-19
Twhyger
Palantir... I don't know what to say...
Vincent1968
2022-08-19
Vincent1968
Follow
Khaw MY
2022-08-19
Khaw MY
[Cool]
NEWBIE
2022-08-19
NEWBIE
Noted

Leave a comment

181

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2260357277?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-08-19 08:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2260357277","market":"us","top_or_hot":-1,"title":"Billionaire Stanley Druckenmiller Just Doubled Down on Palantir Stock","media":"InvestorPlace","content":"<div>\n<p>Palantir has been crushed from its highs, with PLTR stock still down about 60% over the past 12 months.In the first quarter, Stanley Druckenmiller doubled his stake in Palantir, then added to it again...</p>\n\n<a href=\"https://investorplace.com/2022/08/billionaire-stanley-druckenmiller-just-doubled-down-on-palantir-pltr-stock/\">Source Link</a>\n\n</div>\n","source":"investorplace","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Billionaire Stanley Druckenmiller Just Doubled Down on Palantir Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBillionaire Stanley Druckenmiller Just Doubled Down on Palantir Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-19 08:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/08/billionaire-stanley-druckenmiller-just-doubled-down-on-palantir-pltr-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palantir has been crushed from its highs, with PLTR stock still down about 60% over the past 12 months.In the first quarter, Stanley Druckenmiller doubled his stake in Palantir, then added to it again...</p>\n\n<a href=\"https://investorplace.com/2022/08/billionaire-stanley-druckenmiller-just-doubled-down-on-palantir-pltr-stock/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLTR","symbol_name":"Palantir Technologies Inc.","start_time":0,"source_url":"https://investorplace.com/2022/08/billionaire-stanley-druckenmiller-just-doubled-down-on-palantir-pltr-stock/","article_id":"2260357277","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2260357277","pubTimestamp":1660870172,"sourceInfo":{"source_id":"investorplace","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Palantir has been crushed from its highs, with PLTR stock still down about 60% over the past 12 mont","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"translate_title":"亿万富翁斯坦利·德鲁肯米勒刚刚将Palantir的股票翻了一番","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLTR":1},"content_text":"Palantir has been crushed from its highs, with PLTR stock still down about 60% over the past 12 months.In the first quarter, Stanley Druckenmiller doubled his stake in Palantir, then added to it again the second quarter.Now a top-10 holding in his portfolio, bulls are looking for a turn.Palantir is not faring that well on Thursday, down about 3%. PLTR stock has struggled all week, currently down almost 8%. That’s even as Stanley Druckenmiller again added to his long position in the stock.Investors might assume that a billionaire investor upping their stake is a bullish statement. And it is a bullish statement, particularly when we’re talking about Stanley Druckenmiller, one of the best investors of our time.According to the latest Form 13F, Druckenmiller’s family office — Duquesne Family Office — recently upped its position in PLTR stock. Specifically, the firm grew its position by more than 27% to 4.26 million shares. That makes it a top-10 holding in Duquesne’s portfolio. It’s not Druckenmiller’s first notable increase in the stock, either.In May, Duquesne’s Form 13F showed that the firm more than doubled its position in PLTR stock. That’s quite a bit of confidence from Druckenmiller & Co. considering how poorly the market behaved in the first half of 2022.Will It Move the Needle for PLTR Stock?Unfortunately, Druckenmiller keeps increasing his firm’s stake, but PLTR stock is not responding with a bullish reaction. Shares went on a strong rally from the May low, ultimately climbing 80% to last month’s high.Still, shares are not behaving well, currently down about 20% from last month’s high. A two-day, 19% decline earlier this month didn’t help matters after the company reported earnings.While PLTR enjoyed a decent bounce after that initial pullback, shares are back toward the post-earnings low. The decline came after the company reported a top-line beat, but a bottom-line miss. Worse, guidance for the third quarter and full year came up short of expectations.Druckenmiller is a legendary fund manager. However, he has a cost basis of roughly $18 a share on PLTR stock as of the end of the second quarter. Meanwhile, the stock is still down about 80% from the all-time high and 61.8% over the past year.Perhaps there is value down here, but trading at almost 10 times this year’s revenue may not entice a lot of investors.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9998026719,"gmtCreate":1660903627534,"gmtModify":1676536421134,"author":{"id":"3583884958321017","authorId":"3583884958321017","name":"AnaiAnai","avatar":"https://static.tigerbbs.com/8b0d0d8e20a4082ac0bc6a98756546ec","vip":1,"crmLevel":1,"crmLevelSwitch":1,"authorIdStr":"3583884958321017","idStr":"3583884958321017"},"htmlText":"Look like another billionaire picked the wrong stock again.&nbsp;","listText":"Look like another billionaire picked the wrong stock again.&nbsp;","text":"Look like another billionaire picked the wrong stock again.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9998026719","repostId":2260357277,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9991728163,"gmtCreate":1660882219854,"gmtModify":1676536418354,"author":{"id":"3581726174893746","authorId":"3581726174893746","name":"Sysy","avatar":"https://static.tigerbbs.com/f89400ba2f20ed80423858c0f6a3d8ee","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581726174893746","idStr":"3581726174893746"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991728163","repostId":2260357277,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9991787021,"gmtCreate":1660879885764,"gmtModify":1676536417909,"author":{"id":"3586459019020703","authorId":"3586459019020703","name":"Twhyger","avatar":"https://community-static.tradeup.com/news/924944c1d1cd489c6dea99de491ff2b1","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3586459019020703","idStr":"3586459019020703"},"htmlText":"Palantir... I don't know what to say...","listText":"Palantir... I don't know what to say...","text":"Palantir... I don't know what to say...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991787021","repostId":2260357277,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9991474120,"gmtCreate":1660874772362,"gmtModify":1676536416417,"author":{"id":"3586393315819735","authorId":"3586393315819735","name":"Vincent1968","avatar":"https://community-static.tradeup.com/news/7f106edb1e06baf3c68462c050422f46","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3586393315819735","idStr":"3586393315819735"},"htmlText":"Follow&nbsp;","listText":"Follow&nbsp;","text":"Follow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991474120","repostId":2260357277,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9991448676,"gmtCreate":1660873558098,"gmtModify":1676536416054,"author":{"id":"4094993085363070","authorId":"4094993085363070","name":"Khaw MY","avatar":"https://community-static.tradeup.com/news/fbfc383ef3a04b1c339333b2827c48ae","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4094993085363070","idStr":"4094993085363070"},"htmlText":"[Cool]&nbsp;","listText":"[Cool]&nbsp;","text":"[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991448676","repostId":2260357277,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9991440589,"gmtCreate":1660873260243,"gmtModify":1676536415951,"author":{"id":"3573124416025977","authorId":"3573124416025977","name":"NEWBIE","avatar":"https://static.tigerbbs.com/3efe20248e6d34805e6c7befc3ae66a0","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3573124416025977","idStr":"3573124416025977"},"htmlText":"Noted&nbsp;","listText":"Noted&nbsp;","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991440589","repostId":2260357277,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":181,"commentSize":19,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2260357277"}