Investors are taking profits and positioning themselves for the start of 2025. It’s likely that, even after a strong run, there’s still some more upside in the markets. That’s especially true for companies that can grow their sales, revenues, and earnings.
2024 was a strong year for tech companies that were able to deliver on growth. Even if the market is more volatile next year, that trend shouldn’t change.
Investors may want to use any market pause right now to invest in top companies. One such winner is Palantir Technologies (PLTR).
The big data giant had massive growth in 2024, and continues to book new contracts for its services. That should allow them to continue trending higher into 2025, and likely beyond.
Palantir is in a sweet spot for growth, having seen earnings double over the last 12 months on top of a 30% increase in revenues.
Action to take: Investors may like shares here, slightly off their all-time highs. And to use any pullback to add to that position. Shares can likely see another market-beating year in 2025 as earnings and profits improve.
At present, Palantir does not pay a dividend.
For traders, the March 2025 $85 calls, last trading for about $7.70, could see mid-double-digit returns or better, and stand a strong chance of moving in-the-money in the months ahead.
Disclosure: The author of this article has a position in the company mentioned here, but does not intend to further trade after the next 72 hours. The author receives no compensation from any company mentioned in this article.