☕️ Palantir to $500, not as crazy as it sounds

Howdy! 👋

Stonks are up again and flirting with record territory and another round of weekly gains is up for grabs.

The volatility I was concerned about as we came into the week is still here.

Just tilted to the upside.

That suggests the scary downdraft I told you to buy into a few weeks ago was likely the “roll” – meaning when market makers reset their books.

Obviously, the day is still young so be cautious – the last hour in particular.

I bring this up because SPX (index) options expired at the open while single stock options expire at the close. My experience has been that this can usher in a spate of additional uncertainty; market makers simply don’t want risk over the weekend so they tend to shed or hedge it.

Use the situation to your advantage.

Buy the best, ignore the rest!

Here’s my playbook.

1 – “The original Palantir table pounder”

I was honoured to be back with the super smart Liz Claman as yesterday’s Countdown Closer and deeply humbled by her kind words when she called me the “original Palantir table pounder.”

This is a tough business and, honestly, I could easily have been wrong! 💯

Anyhooooo…. it was a fun conversation covering a number of stocks that we talk about frequently. AI is still early innings. Enjoy! (Watch)

2 – The “TikTok call” is underway

Boy, would I love to be a fly on the wall.

Presidents Donald Trump and Xi Jinping are apparently discussing the much-anticipated TikTok deal. (Read)

I won’t rehash what’s happening because a) that would bore you to tears and b) we’ve already talked about what I expect in considerable detail when it comes to your money.

Short-version?

Oracle is the top line winner, imho but a handful of other choices could be even bigger winners if there’s a deal. Not that this is a surprise, but the OBA Family knows all about ‘em and has for a while now.

Grab your share or somebody else will.

Keith’s Investing Tip: Keith’s Rule of the Back Page applies. The real profit potential is often found on the back pages… often long before stories like this one move to the front page.

3 – I hate to say I told you so, but in this case I actually did

Minneapolis Fed President Neel Kashkari said earlier today that he expects tariffs to exert minimum long-term pressure on inflation. (Read)

I told you the same thing last April and before that when the first tariff tantrums hit.

What’s that old saying?

No good deed goes unpunished – or something like that. 🤷🏻‍♂️

Investors who bought into the SPY, a popular ETF mirroring the S&P 500, have done well; it’s returned ~18.50% since April 1^st but, of course, individual stocks like those we talk about have done considerably better over the same time frame which is why I encourage you to own ‘em. Examples include PLTR (+102.86%) and TSLA (+58.22%) just to name two at random.

There are 10-15 “Palantirs and Teslas” out there right now and your job as an investor is to find em and latch on.

Btw, don’t make the mistake of thinking this is an exception or limited to US markets.

Global markets generally continue to hold up well despite the smartest folks in the room insisting it wouldn’t.

Keith’s Investing Tip: The “problem” isn’t diversification – it can still be a great way to invest, particularly if you’re just beginning, catching up, or playing not to lose. The problem with it is one many investors don’t see coming and one Wall Street hopes you never figure out. Most investors simply don’t own enough of the “right stocks” so they fall behind even when the markets are rocketing higher. Worse, they let their emotions take over, with all too predictable results. 🤦‍♂️

If you’re getting the results you want with the safety you think you need, that’s fabulous!

On the other hand and if you’d like some help along the way with the knowledge, tactics and approach needed to become a better, more consistent, more knowledgeable investor, I’ll be here if you need me.

4 – Meta’s snazzy AI glasses aren’t ready for prime time

It was supposed to be a major coming out party but turned into a world class failure.

Zuck’s new AI glasses glitched in front of a packed house. (Read)

Officially the story is that Zuck ran a “live” demo and the thousands of people who were on the same Wi-Fi at the same time caused his AI to “jump around.”

To his credit, Zuck passed it off in style.

I’m not sure I’d be so forgiving.

There will be thousands of users interacting in real time around anyone wearing the glasses and related wristband.

What his demo suggests is that Meta is great at telling a story but that the company is light years behind Apple and its devices no matter how Zuckerberg pitches progress.

MyPOV: This is a battle for your eyeballs at the very highest level. Team Zuck wants the entry point to be glasses while Team Cook is using the iPhone.

This isn’t complicated from an investing standpoint.

Apple has 2.2B installed devices out there, and 30% of the world already accesses some form of mobile data and AI through iPhones etc. Meta is going to be lucky to sell a few hundred thousand glasses… that apparently still don’t work.

Trade Idea: Wall Street loves Meta and for reasons that defy the imagination, continues to defend the stock so shorting it or buying puts is a dicey trade. In situations like this one, I’d recommend simply avoiding it because, like Intel for years and Google for the past five, it could be a slow grind lower even as Apple powers higher.

Hmmm.

5 – Intel, very hard to resist doing this

Okay sports fans.

Nvidia threw Intel a lifeline and the stock jumped from roughly $25 to nearly $30.

Should you buy it?

I think the run is gonna be short-lived and I am not alone in my thinking.

Citi actually downgraded the dang thing. (Read)

Intel is an engineering culture and has famously missed many of the biggest tech shifts over the past several decades.

The move strikes me as pure technical trading fantasy land.

Putskies, short or avoid.

Bottom Line

You attract the energy you give off.

Invest in optimism and attract profits.

Good vibes and positivity are contagious.

Profits too.

Let’s finish the week strong.

As always, MAKE it a great day – you got this!

Keith 😀