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Tag: Profitable

If You’re Only Looking at Tech, You’re Missing Profitable Opportunities

October 7, 2020
| No Comments
| business



chart, line chart


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As I told you last Friday, Technology stocks have been a great source of stock price appreciation since the market bottomed on March 23.

I’m sure we all have a collection of investments in the technology sector throughout our portfolios, and I’m sure you’re quite happy with your returns.

As I told you last Friday, The Information Technology Index returning a whopping 39.7% over the trailing year. And that includes the drop in September of 12.1%. One of the challenges is the fundamental valuation of the average underlying companies in the tech sector.



chart, line chart


© Provided by InvestorPlace



S&P Information Technology Index Price to Earnings, Price to Book & Price to Sales — Source Bloomberg Finance, L.P.

Many in the stock market continue to be laser-focused on technology stocks. The idea is that placing bets on tech makes for better returns, even if fundamentals are ignored along the way.

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What Is Palantir? Never Profitable Company, Born With Help of CIA Seed Money, Makes Market Debut

October 1, 2020
| No Comments
| money

Palantir Technology, a data analytics company known for secrecy and ties to the U.S. intelligence community, ended its first day of public trading on the New York Stock Exchange on Wednesday.

Shares of Palantir closed at $9.50 after opening at $10, reaching a valuation of around $21 billion. The company filed for the initial public offering (IPO) last month. The public debut was “mired by technical issues,” according to The Wall Street Journal.

Government contracts are believed to be a major source of revenue for the company co-founded in 2003 by Peter Thiel, the tech billionaire also known as the co-founder of PayPal and an early investor in Facebook who still sits in its board of directors. It was founded with the help of “CIA seed money” and has never been profitable, according to the Associated Press.

The company’s technology, which has been described as “surveillance” or “data mining,”

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Posted in %1$s Tagged %1$s

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