$Palantir (PLTR.US)$ to those who think if pltr is added to ...
$Palantir (PLTR.US)$ to those who think if pltr is added to the S&P is going to result in anything significant here are the facts.
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102066251 : This statistical analysis is only a prediction based on the average and also does not take into account 1. current market conditions and 2. current impression of tech stocks and lastly 3. the inherent price valuation of PLTR itself as a young yet soaring company which is already a long-term investor’s safe bet
All 3 reasons point towards why PLTR as such a young company would benefit largely from S&P Inclusion hence indicated by the overwhelming demand from buyers following up to the possible inclusion of PLTR
rennymc : “Anything significant” as in price change? Because nobody can predict that, no matter how many YouTube followers they have.
10baggerbamm OP : the last stock that had any significant upward mobility upward movement after being added to the S&P 500 was Tesla in 2020.. and if you roll the clock back in your mind Tesla back then was a juggernaut and as much as I love palantir it's not in the same ballpark it doesn't command the same level of respect and it doesn't have the love affair associated with it like Tesla did back then relative to the entire EV industry and how it was changing the world.. so I hope palantir gets at it I hope it goes up 10-15%, but history is not our side
Detached House 10baggerbamm OP : Bro, you forget that Elon is a big player himself
Graddox : To further showcase the example, look at $Super Micro Computer (SMCI.US)$ ... down almost 30% since being added, while sp500 is up 3% over the same timeframe.
10baggerbamm OP Graddox : I don't think that's a straightforward comparison, smci is a very high beta stock compared to Palentir.