Investors must be aware that Palantir shares are trading at about 12 times this year’s sales after its post-earnings plunge. This valuation seems reasonable for a company. While it is generating more than 30% growth each year, there are more fundamentally stable stocks at comparable valuations as well as cheaper stocks.
Such rich valuations also set a high bar for $Palantir (PLTR.US)$ . This can often lead to sharp corrections on things like a less-than-pe...

$Salesforce (CRM.US)$ call

Cathie Wood said on Wednesday that stocks held by Ark Investment Management "are not in a bubble", but "benchmark" stocks are.
The "benchmark" in Wood's words maybe referring to tech giants like $Meta Platforms (FB.US)$ , $Amazon (AMZN.US)$ , $Apple (AAPL.US)$ , $Alphabet-A (GOOGL.US)$ and $Microsoft (MSFT.US)$.
Wood said "Our strategies would be flying if we were (in a bubble)."
$Tesla (TSLA.US)$, $Coinbase (COIN.US)$, $Teladoc Health (TDOC.US)$, $Roku Inc (ROKU.US)$ and $Zoom Video Communications (ZM.US)$ are the biggest holdings of $ARK Innovation ETF (ARKK.US)$.
ARKK has slumped 20% this year.
Wood said "we have not begun rewarding innovation for what's about to happen. So that's where our conviction comes from. The bubble is in the benchmark stocks."
Do you agree with her?
Source: thestreet.com