Palantir's Meteoric Rise: Is the Stock Still a Buy?

Stock Market Commentary

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Stock Market Commentary

OneOK Inc. (NYSE: OKE) is a major player in the oil and gas midstream sector, with a market capitalization of approximately $60 billion. As an established company, founded in 1906 and headquartered in Tulsa, Oklahoma, OneOK specializes in gathering, processing, fractionation, transportation, and storage of oil. Let’s delve into the financial metrics to determine whether OneOK is a buy or a sell.

When considering investing in Nordic American Tankers (NAT), it's crucial to analyze the financial health and market performance of this small-cap company. NAT, with a market capitalization of $518 million, trades at $2.48 per share and has 209 million shares outstanding. This Bermuda-headquartered company, incorporated in 1995, specializes in acquiring and chartering double-hull tankers, operating a fleet of 20 Suezmax crude oil tankers.

Broadcom Inc. has emerged as one of the best-performing S&P 500 companies over the last five years, boasting an impressive 631% increase in its stock price. This remarkable performance has positioned Broadcom as a key player in the global semiconductor and data center industries.

Stock Market Commentary & Opinion

Snap-On Incorporated (ticker symbol: SNA) is an industrial company specializing in tools and equipment. Known for its impressive growth in earnings per share since 2010, Snap-On has delivered substantial returns in stock price and high-growth dividend payments.

The energy sector offers a myriad of investment opportunities, but it's crucial to understand the dynamics that influence profitability. In this article, we'll explore different investment strategies within the energy sector, focusing on companies less dependent on the volatile commodity prices of oil and gas.

Nvidia Corporation, symbol NVDA, is renowned as the most dominant AI semiconductor company today. Their chips serve as the backbone of countless data centers worldwide, solidifying their crucial role in the AI revolution.

Good day, fellow investors! Verizon stock has been experiencing a downturn over the last five years. Simultaneously, the dividend has been on an upward trajectory. How can this be? This article explores the reasons behind this paradox and calculates Verizon's intrinsic value to help you determine if it fits your portfolio.

At the top of the watch list this week is Robinhood (ticker symbol: HOOD). We previously highlighted this stock as a significant election beneficiary post-November elections, leading to a substantial upside move, reaching the $43.35 resistance level. Since then, Robinhood has been building a consolidation base for about a month and a half, ranging between $43.35 resistance and $33.95 support.

In the upcoming week, all eyes are on GE VERNOVA (ticker symbol: GEV). We first highlighted this stock in August due to its well-defined consolidation pattern following its IPO. IPO bases can lead to significant upside moves once they break, and GEV did just that, breaking out from the 180s to the 300s. It is now building a well-defined 2-month long consolidation base, ranging between $319 support and $354.50. A move above $354.50 could trigger another large run.

Super Micro Computer (SMCI) has been experiencing significant volatility and is currently at a crucial technical decision point. Following a large drop and subsequent rally, the stock is now back testing the $35.7 support level, which was the initial breakout trigger that started a massive upward movement at the beginning of 2024.

Eli Lilly's stock has seen a 15% increase over the last year. However, it has experienced some volatility, with a decline over the last month and a 20% drop over the past six months. Despite these short-term fluctuations, Eli Lilly has outperformed the S&P 500, with a 96% increase over the longer term.

Uber Technologies is a stock we've been bullish on since it hovered around the $60 mark. In the past year, it has seen a 7% increase, and over the last five years, it has surged by approximately 92%.

Penny stocks in the steel industry offer investors an intriguing opportunity to participate in the growth of this essential sector at a lower entry cost. While these stocks can be volatile, they can also provide substantial returns for those willing to take on the risk.

The steel industry is facing significant challenges, with a steeper-than-expected downward trend that has weakened the recovery forecasted for 2024 and 2025. This downturn is largely driven by poor demand conditions exacerbated by high energy prices, persistent inflation, economic uncertainty, and geopolitical tensions.

When it comes to making solid investments, steel industry stocks have become a hotspot for new investors. In this guide, we’ll uncover the top steel stocks to buy on the New York Stock Exchange (NYSE).

Steel stocks are a popular investment option for those looking to diversify their portfolio and benefit from the sector’s growth. This widespread demand makes it a vital part of the global economy, offering growth potential. Global consumption of steel is currently estimated at 1.9 billion tons used annually. This persistent demand supports the value and profitability of steel companies.