let’s look at some excellent undervalued stocks to buy. First, you need to consistently look for quality business models. And remember, this week may be just as violent as last week. Several Federal Reserve leaders are scheduled to speak, including Fed chairman Jerome Powell. In addition, this will be a monthly options expiration on Friday. They tend to bring extra drama.
Meanwhile, it’s important to keep a cool head and go on with the homework. Many of these stocks have been punished hard in 2022. Catching these falling knives qualifies as risky behavior. Therefore investors must use common sense and not excessive size.
If we continue correcting later this week, even the best ideas will temporarily fail. Therefore I continue to preach moderation and flexibility.
Palantir (PLTR)
In the past few years, the world changed in a big way for many businesses, includingPalantir(NYSE:PLTR). And this is the case where the market just recently came to them. The deployment of artificial intelligence has developed from a novelty to a necessity for most businesses as they digitize their operations. The more data we have, the less likely it is that humans will be processing it.
Therein comes the opportunity for companies like PLTR.
The management team have earned their kudos. Therefore I’m willing to give them the benefit of the doubt for now. This is especially true because of the growth they are delivering. In the latest quarter, PLTR stock saw 31% revenue growth, with U.S. commercial revenue growthof 136%. Of late, the criticism is over weakness in the government side of the revenues — growth there came out to just 16% last quarter. However as long as they are growing to overall basket, it should not be a concern.
Companies that can adjust their sales mix show their adaptability. This is a stock I would own for the long term, especially on weakness. The lows from last week were a great opportunity. It’s not too late yet, but definitely don’t go all in here.
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