Two Hot Stocks for Tuesday
Investors have two technology companies that will open higher this morning.Palantir (PLTR) may open at around 15% after the company posted fourth-quarter results late Monday. The software AI supplier reported a 36% jump Y/Y in revenue, to $827.52 million. It closed an impressive 129 deals worth at least $1 million in the quarter. In Q1, the company expects revenue of between $858 million and $862 million. This is above the $800 million consensus estimate.Palantir staff who were rewarded market-vesting stock appreciation rights will enjoy substantial gains. PLTR stock gained 421.54% in the last year, excluding this morning’s rise.China’s Kingsoft Cloud (KC) gained nearly 28% in the last five days on no news. Speculators bet on unsubstantiated claims that Xiaomi (XIACF) poached DeepSeek’s Lei Jun. Traders should take advantage of KC stock’s rally by booking profits.Among the stocks facing selling pressure, watch out for FedEx (FDX). The package delivery supplier fell in sympathy with UPS (UPS). Last week, UPS said it expected profit margins and earnings to increase in 2025. However, UPS will struggle to offset client business losses. It lost around half of its Amazon (AMZN) business.Continue to avoid Moderna (MRNA). Covid vaccine sales will weaken as the flu season winds down. In addition, Moderna does not have a robust pipeline to offset weaker vaccine demand.
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