Since the commencement of 2023, companies utilizing Palantir (NYSE: PLTR) have surpassed their industry benchmarks by 50%, and the significant commercial adoption of its technology has provided benefits to Palantir investors, particularly following the rollout of its artificial intelligence platform (AIP).
Indeed, partnerships with Palantir have increased over 70% year-on-year (YoY), and the successes of its partners continue to improve the probability of competition integrating Palantir’s technology suite, as tech and data product developer Sella noted on August 25.
With this in mind, Sella reviewed some of Palantir’s largest and crucial customers, including firms from aerospace, automotive, energy and renewables, financial services, insurance, manufacturing, and the railway industry, to assemble his own Palantir ETF list while also monitoring the performance of relevant stocks.
Airbus stock
Remarkably, the prominent organization in the aerospace and aviation sector is Airbus (OTCMKTS: EADSY), which earlier this year Sella labeled as an ‘obvious choice’ for his exchange-traded fund (ETF), alongside United Airlines (NASDAQ: UAL), according to his post on X dated April 1.
At the time of this writing, EADSY shares are priced at $39.39, showing a daily increase of 2.58%, a weekly gain of 3.58%, a monthly rise of 11.08%, and a year-to-date increase of 2.36%, based on the most recent chart data.
Ferrari stock
Moreover, the analyst highlighted Ferrari (BIT: RACE) as an automotive option alongside Stellantis (NYSE: STLA) for its exceptional performance on his ETF list, noting an outstanding 121% increase since the start of 2023, despite acknowledging a lack of familiarity with the brand.
Currently, Ferrari shares are valued at €433.20 ($483.17), reflecting a daily increase of 0.49%, a weekly rise of 2.53%, and a monthly escalation of 13.82%, while its year-to-date (YTD) performance indicates a 40.86% gain.
BP stock
Furthermore, Sella asserted that his selection in the energy & renewables sector, BP (NYSE: BP) along with PG&E (NYSE: PCG), has experienced a decline of 6% since January 1, 2023, mainly due to macroeconomic variables, but The Motley Fool analyst Edward Sheldon thinks some investors may contemplate purchasing them:
“For me, there’s a bit too much unpredictability. However, if I were a value or income investor (I’m more focused on quality growth), I might consider investing in them. With interest rates projected to decrease, a 5.1% dividend yield is appealing.”
Currently, BP shares are trading at $34.11, with no movement on the day, down 0.52% for the week, and down 3.23% on its monthly evaluation, while this year, BP stocks have fallen 3.92%, based on the most recent data as of August 26.
Conclusion
In conclusion, investing in the aforementioned stocks could serve as a means to bolster Palantir’s growth; however, the analyst emphasized he was not advocating them but rather demonstrating that “the evidence that Palantir is offering a competitive edge is escalating, and this is what I seek to observe as an investor.”
That being said, allocating funds to any asset in the stock market entails inherent risks, underscoring the importance of conducting personal research and remaining aware of relevant news and developments when assigning significant sums and dedicating a large portion of one’s portfolio to any asset.
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