Who are the bears with sideline cash to take the stock market to all-time highs? Well, hedge funds have added $25 billion of short equity futures exposure over the last three Commitment of Traders reports, the largest increase in the last ten years. Palantir Technologies Inc. (PLTR) looks promising here, suggests Michael Murphy, editor of New World Investor.
The energy is there to start the next trend. It should be up, but we know from experience that the S&P 500 could consolidate further before a trend starts.
As for PLTR, the firm and Divergent Technologies announced a strategic partnership to provide access to Divergent’s 3D printing platform via Palantir’s software platforms, bringing digitally manufactured parts to Warp Speed and Foundry customers on-demand.
Palantir Technologies Inc. (PLTR)
Divergent’s Adaptive Production System combines AI-driven design, industrial-level 3D printing, and universal robotic assembly to make aerospace-grade parts on demand. Palantir’s customers will be able to rapidly identify emerging supply chain vulnerabilities and then directly address them through on-demand manufacturing of critical parts by Divergent.
Palantir CTO Shyam Sankar said: “Divergent is a trailblazer in the new industrial revolution that is sweeping the US. The Divergent Adaptive Production System is a mind-bending example of what’s possible when the world’s most advanced software fuses with the world’s most advanced manufacturing. We are proud to support Divergent’s innovative operations with Warp Speed as it scales in ambition and impact.”
Palantir is going to become the operating system for modern manufacturing. Bank of America raised its target price on PLTR from $125 to $150.
Recommended Action: Buy PLTR.
