Palantir (PLTR) is today’s most popular stock trade. The software firm posted third-quarter results and raised its outlook.
Palantir earned $0.10 a share (non-GAAP) after revenue rose by 30.0% Y/Y to $725.52 million. The firm closed 104 deals worth over $1 million in the quarter. In Q4, revenue up to $771 million is above consensus. For the year, revenue will exceed expectations.
Super Micro Computer (SMCI) rallied to as high as $28 on Monday before closing down 8 cents to $26.03. The fiscal first-quarter business update today will not mean much. The firm could report outsized revenue growth and raise its guidance. However, without audited financial results, its shareholders are more likely to sell the stock.
Short interest on SMCI is rising, now at 17.22%. Put options are the most popular trade.
In the electric vehicle segment, Tesla (TSLA) is the leader in the field. However, the stock dropped daily since peaking at around $270 on Oct. 29. Clean energy investors should also avoid Rivian (RIVN) and Lucid Motors (LCID). Chinese EV stocks like Nio (NIO) and Zeekr (ZK) are also unattractive holdings.
Watch Cleveland-Cliffs today. The firm posted a 33-cent non-GAAP EPS loss. Revenue fell by 18% Y/Y to $4.6 billion. Expect selling pressure on CLF stock today.
