Verified Investing on $PLTR (Nov 3, 2026)

We had Apple Palunteer earnings yesterday after the bell, but let's go first check on the S&P futures this morning.

Now, you might say, well, why? What changed? Well, it wasn't Palanteer earnings because Palanteer is down on earnings. Now, by the way, those earnings were very, very good.

Palanteer down on earnings, not down massively. Again, they had great earnings. They beat on revenue. They beat on earnings. Guidance was very, very strong. One of the positives in Palanteer's earnings report was that for the first time other revenue is making up a bigger percentage of total revenue versus the US government.

And the reason that's important is that you know listen you can rely on the US government for contracts etc. But we know at some point there might be cutbacks. In fact eventually there will have to be cutbacks in spending.

And so you never no company wants to rely on one specific you know revenue stream you want to diversify and we are seeing Palanteer doing that. Now is it still trading at a lofty valuation?

Yes it is which I think is also creating that little bit of sellside action today.

So if we look at the daily chart we have a drop today down to about $166 and change. That's about a $12 drop from yesterday's close. My day trade level is at 156, $10 lower. There's a gap fill right there.

That'll be my first level I look for. And then on a swing basis, I have this level down here. There's a gap fill at around 125 and an ascending trend line here that merges at 120.

So between 120 and 125 that is where I will start looking at Palunteer as an intriguing opportunity for a swing trade.