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A Bet on Geopolitical Turmoil and Government Spending
Palantir is a unique and highly secretive company specializing in software, security, and artificial intelligence (AI) solutions. The company's largest customers are government and financial institutions. Government use cases include counterterrorism, intelligence analysis, and security and privacy.
Palantir Gotham
Palantir Gotham is Palantir's software used for intelligence and defense purposes for counter terrorism efforts. The United States Intelligence Community (USIC) and the Department of Defense (DoD) are among its largest clients.
Geopolitical Tensions Increasing
The ongoing conflicts are increasing globally, especially in Europe and the Middle East. Even if the U.S. is not directly involved in these conflicts, our indirect involvement will keep the revenue flowing from the U.S. government.
For example, the war between Ukraine and Russia appears to be escalating as Ukraine is going on the offensive and crossing the border into Russia. Over the weekend, a Ukrainian nuclear plant caught on fire. Meanwhile, Israeli forces intercepted projectiles crossing from Lebanon last night. The wars are escalating so rapidly that the U.S. has deployed a nuclear-powered submarine to the Middle East.
Defense Spending Highest on Record
2023 military spending was the highest on record for the United States. To put the rampant expenditures into perspective, the U.S. spent $916 billion for the year, more than the next highest nine countries combined.
Though counterterrorism and defense are Palantir's bread and butter, the company offers services that cater to big name clients such as Morgan Stanley and Merch. These services include:
Data
Palantir helps organizations integrate vast and diverse datasets from various sources. PLTR's software is known for handling massive volumes of data while simultaneously making connections between disparate data sets. In other words, the company helps organizations simplify and make sense of complex data sets. The company's software is highly coveted because it transforms the data into interactive visualizations.
Security & Privacy
Because of its high-level clientele, Palantir is well known for its best-in-breed security measures.
AI & Machine Learning
Palantir's AI and machine learning capabilities enable customers to apply advanced predictive analytics to their data findings.
A Bet on Government Spending
Though Palantir is highly secretive, a 2013 TechCrunch report divulged that Palantir's has at least twelve clients within the U.S. government, including the CDC and the FBI. With either side of the aisle unwilling to reign in government spending, being a government contractor like PLTR is an excellent place to be.
A+ Founding Team
The "Paypal Mafia" refers to a group of Paypal employees and founders who became successful entrepreneurs, venture capitalists, and executives in the technology industry. Peter Thiel, a founding member of Palantir, is one of the best-known and successful of the bunch. Thiel was the first outside investor in Meta Platforms, formerly, Facebook. Having a solid founding team should act as a vote of confidence for prospective investors.
Robust Earnings History
Last week, Palantir reported earnings that grew 23% year-over-year. PLTR is one of the best growth stories in the market. The company has grown its top and bottom lines at a double-digit clip since December 2022.
Bottom Line
Palantir is one of the best growth stories on Wall Street. The company should be a big beneficiary of rising geopolitical tensions and rampant government spending.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
Today you can access their live picks without cost or obligation.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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Zacks Investment Ideas feature highlights: Palantir, Morgan Stanley, Merch, Paypal and Meta Platforms
For Immediate Release
Chicago, IL – August 13, 2024 – Today, Zacks Investment Ideas feature highlights Palantir (PLTR - Free Report) , Morgan Stanley (MS - Free Report) , Merch (MRK - Free Report) , Paypal (PYPL - Free Report) and Meta Platforms (META - Free Report) .
A Bet on Geopolitical Turmoil and Government Spending
Palantir is a unique and highly secretive company specializing in software, security, and artificial intelligence (AI) solutions. The company's largest customers are government and financial institutions. Government use cases include counterterrorism, intelligence analysis, and security and privacy.
Palantir Gotham
Palantir Gotham is Palantir's software used for intelligence and defense purposes for counter terrorism efforts. The United States Intelligence Community (USIC) and the Department of Defense (DoD) are among its largest clients.
Geopolitical Tensions Increasing
The ongoing conflicts are increasing globally, especially in Europe and the Middle East. Even if the U.S. is not directly involved in these conflicts, our indirect involvement will keep the revenue flowing from the U.S. government.
For example, the war between Ukraine and Russia appears to be escalating as Ukraine is going on the offensive and crossing the border into Russia. Over the weekend, a Ukrainian nuclear plant caught on fire. Meanwhile, Israeli forces intercepted projectiles crossing from Lebanon last night. The wars are escalating so rapidly that the U.S. has deployed a nuclear-powered submarine to the Middle East.
Defense Spending Highest on Record
2023 military spending was the highest on record for the United States. To put the rampant expenditures into perspective, the U.S. spent $916 billion for the year, more than the next highest nine countries combined.
Though counterterrorism and defense are Palantir's bread and butter, the company offers services that cater to big name clients such as Morgan Stanley and Merch. These services include:
Data
Palantir helps organizations integrate vast and diverse datasets from various sources. PLTR's software is known for handling massive volumes of data while simultaneously making connections between disparate data sets. In other words, the company helps organizations simplify and make sense of complex data sets. The company's software is highly coveted because it transforms the data into interactive visualizations.
Security & Privacy
Because of its high-level clientele, Palantir is well known for its best-in-breed security measures.
AI & Machine Learning
Palantir's AI and machine learning capabilities enable customers to apply advanced predictive analytics to their data findings.
A Bet on Government Spending
Though Palantir is highly secretive, a 2013 TechCrunch report divulged that Palantir's has at least twelve clients within the U.S. government, including the CDC and the FBI. With either side of the aisle unwilling to reign in government spending, being a government contractor like PLTR is an excellent place to be.
A+ Founding Team
The "Paypal Mafia" refers to a group of Paypal employees and founders who became successful entrepreneurs, venture capitalists, and executives in the technology industry. Peter Thiel, a founding member of Palantir, is one of the best-known and successful of the bunch. Thiel was the first outside investor in Meta Platforms, formerly, Facebook. Having a solid founding team should act as a vote of confidence for prospective investors.
Robust Earnings History
Last week, Palantir reported earnings that grew 23% year-over-year. PLTR is one of the best growth stories in the market. The company has grown its top and bottom lines at a double-digit clip since December 2022.
Bottom Line
Palantir is one of the best growth stories on Wall Street. The company should be a big beneficiary of rising geopolitical tensions and rampant government spending.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
Today you can access their live picks without cost or obligation.
See Stocks Free >>
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Zacks Investment Research
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.