$Palantir Technologies Inc.(PLTR)$With just over 100 customers and practically no earnings to speak for, shares of Palantir Technologies surged more than 250% in just 3 months out of the IPO gate. The erratic stock price movement fits the build of a textbook bubble stock. On one hand, Palantir is blessed by the large revenue contribution from steady multiyear government contracts which serve as a pipeline for long-term low-risk income. On the other hand, Palantir’s growth is limited by the absence of a commercial Cloud ecosystem which is the key for future share appreciation. At this early stage, as the growth opportunity is more important to investors than the company’s profitability, PLTR may be fairly valued between $28-$33.
$Apple(AAPL)$I cleared most of my Apple stock.A major focus for investors this quarter may be on Apple's services revenue. The company is pivoting toward services because they have dramatically higher profit margins and have steadier sales relative to Apple's popular hardware products. Apple's services include streaming services such as movie and TV entertainment provider Apple TV+, video game seller Apple Arcade, news services, and digital content stores including the iTunes Store and the App Store, as well as Apple Pay, and AppleCare. It also includes a varietyof other services that support Apple's hardware devices. Apple's ability to shift growth toward its highly profitable services area shows how it can pivot and execute strategy despite it
$ProShares Ultra VIX Short Term Futures(UVXY)$The VIX $Cboe Volatility Index(VIX)$probably isn’t saying very much about fear anymore.One of the big mysteries in markets this year has been the persistently high level of the Cboe’s Volatily Index, better known as the VIX.Even as the S&P 500 touched all-time highs early this year, the VIX remained stubbornly elevated. For something that’s often been described as ‘Wall Street’s Fear Gauge,’ the index didn’t seem to be doing a very good job of matching actual sentiment in the market. So what gives?Goldman Sachs analysts are pointing to the recent explosion in retail trading of options. Aided by zero-fee brokers like Robinhood, retail investors have jumped he
$NIO Inc.(NIO)$NIO has formed a classic descending triangle pattern, which has bearish implications.Chart patterns are illustrations of the supply and demand dynamics occurring within a market. This pattern shows buyers of NIO have been complacent. At the same time, sellers are becoming more aggressive.Since early March buyers have held firm at the $35 level. At the same time, sellers have been knocking the shares lower.In mid-March, the lowest price sellers would accept for their shares was around $45. By early April it had dropped to $40. Now there are sellers willing to accept $35.The combination of aggressive sellers and complacent buyers could drive the price lower.
$ProShares Ultra VIX Short Term Futures(UVXY)$Wall Street is firing on all cylinders with the new bull market gains momentum. U.S. stock markets completed an impressive first-quarter 2021 after witnessing an astonishing rally in the pandemic-ridden 2020. The rally has gathered pace in April. Meanwhile, CBOE VIX — popularly known as the best fear-gauge of Wall Street — has plunged 25.9% year to date. In fact, the volatility index has dropped 12.8% so far in April.On Apr 8, the CBOE VIX touched its 52-week low of 16.20. On Apr 12, the index closed at 16.91, its lowest level since Feb 20, 2020. Notably, the CBOE VIX is derived from the prices of S&P 500 options (both call and put) and represents the market’s expectations of volatility over the comin
$ProShares Ultra VIX Short Term Futures(UVXY)$I’m quite surprised as to what caused this sudden spike. The price jumped from 5.9 to 6.46, of course came back down again! Was it the change in margin requirements for the stock?