|Bid||7.94 x 4000|
|Ask||7.96 x 38500|
|Day's Range||7.62 - 8.00|
|52 Week Range||6.44 - 27.11|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of beaten-down big tech stocks Nvidia (NASDAQ: NVDA), Meta Platforms (NASDAQ: META), and Palantir Technologies (NYSE: PLTR) bounced back today, rising 2%, 3.4%, and 2.8%, respectively, as of 11:34 a.m. ET. There wasn't much company specific news from these three today, but their shares being down so much on the year already, combined with some marginally favorable news this morning on interest rates and geopolitics, was enough to get their stocks moving higher. Equity investors may not have noticed, but Treasury Bond yields may be determining your stock portfolio performance this year more than you think -- especially when it comes to technology growth stocks.
Palantir's stock is down 58% year to date, but its latest results may shed some light on why now could be a generational buying opportunity.
Shares of the big-data software company Palantir (NYSE: PLTR) gained as much as 5.8% today after the company announced that the Department of Homeland Security renewed a five-year contract with the company. Palantir's stock was up by 2.8% as of 3:20 p.m. ET. Palantir's stock initially got a boost this morning after the company said that the Department of Homeland Security renewed its contract to support Homeland Security Investigations (HSI) using the company's software.