$Palantir Technologies Inc.(PLTR)$
Palantir new 52 week high hit $37.42, now slightly retracing.
Rate cuts are bullish and bearish for Palantir:
Bearish — most of their net income (profits) are from cash collecting a risk free return of 5%
Bullish — rate cuts mean more business are willing to spend money, more investors rake cash out of HYSA’s and put it into equities, more topline revenue growth increases their net income margins so they don’t need to rely on treasury income for EPS growth.
No debt. $4B in cash. Getting back to 30% ARR growth.
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