Palantir stock fell 21% in a single day of trading after a less-than-expected earnings report. Management guidance for the future is doubtful if the company does not increase its subscriber count and earns more revenue from defense contracts.
“History does not repeat itself, but it often rhymes”, is a famous quote from American author Mark Twain and perfectly encapsulates the recent repeat of the Reddit short squeeze from January.
Watch how the stock reacts to earnings and if it dips, now may be as good a time as ever to start a position in what may be the leader in the insurance industry for years to come.
In an environment where rapid quarter-after-quarter growth is the new expectation, and any sort of regression can cause a well-inflated stock to deflate in a hurry, investors are often provided with a nice buying opportunity off of these market overreactions.