Wealth advisor breaks down how to play struggling stocks, including Palantir and a legacy automaker

Wealth advisor breaks down how to play struggling stocks, including Palantir and a legacy automaker

The advisor spoke on CNBC's "Power Lunch" on Monday.

After the Recent Stock Market Drama, Where Will Artificial Intelligence (AI) Leader Palantir Be in 5 Years? @themotleyfool #stocks $PLTR

Palantir Share Price Dips Below $86 as Bulls Lose Grip – Is the AI Rally Over?

The Palantir Technologies (PLTR) share price slipped to $85.85 on Monday, losing steam below the key $98.78 resistance zone. After a meteoric rally fueled by artificial intelligence (AI) optimism and defence tech demand, Palantir shows signs of exhaustion, sparking speculation about whether the AI rally is running out of steam. The recent price action indicates consolidation, with bulls struggling to defend the short-term support at $84.55. PLTR…

£10,000 invested in Palantir stock 1 year ago is now worth…

Palantir Technologies (NASDAQ: PLTR) stock has been one of the biggest winners of the artificial intelligence (AI) revolution so far. It’s up by a whopping 1,237% since the start of 2023! While not as dramatic, the 12-month return of 273% is nothing to be sniffed at. It means an investor who put £10,000 into the AI growth stock one year ago would now have £37,300! Nice. Mind you, our investor would have been sitting on about £54,000 in mid-Febru…

Palantir Faces Uncertain Future Amid Government Spending Shifts

Palantir Technologies faces challenges due to government budget cuts, impacting its stock value and potential contracts. The U.S. Department of Defense’s decision to drop Oracle’s software, citing cost overruns, sparks industry-wide concerns about federal spending. Goldman Sachs highlights potential overvaluation of Palantir amid intense AI market competition. Analysts note the risk of competitors replicating Palantir’s data technology, possibly…