On Thursday, iShares Expanded Tech-Software Sector ETF (IGV) cut all 106 of its positions, with no buys and no increases. Its ETF activity totaled $286.1 million in sales, all of it net selling, against $13.46 billion in assets. The largest sales were PLTR ($26.6 million, leaving a 9.3% weight), PANW ($26.1 million, 9.12%) and MSFT ($24.8 million, 8.66%), followed by CrowdStrike Holdings Class A ($24.7 million, 8.62%) and Oracle ($19.8 million, 6.93%). None of the sales were new positions or full exits. The fund holds 106 stocks, with 60.0% of assets in its 10 largest holdings, an expense ratio of 0.38%, a P/E of 34.32 and a year-to-date return of -1.31%.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- 3 Unpopular Stocks That Deserve Some Love
The article highlights three stocks where Wall Street's rare negative forecasts may signal a buying opportunity. For Palantir (PLTR), the consensus price target is $205.27, implying a 4.1% return from the $197.20 share price; billings have averaged 76.7% growth over the last year, and the stock trades at 52.6x forward price-to-sales. For Microsoft (MSFT), the consensus price target is $591.69, implying an 11.4% return, supported by the article's view of its high gross margins, strong free cash flow and reinvestment cycle.
- ETFs Are Net Sellers of Microsoft (MSFT) on Thursday
ETFs were net sellers of $356.4 million of Microsoft (MSFT) on Thursday, even though 51 funds bought and 26 sold, with the sellers moving larger amounts. The selling ended a two-day run of net buying, after inflows of $603.2 million on Oct. 28 and $64.3 million on Oct. 27, and followed a $272.5 million net outflow on Oct. 26. QQQ led the selling with a $141.3 million decline, followed by SPY ($120.7 million) and TECL ($111.4 million). Microsoft, a global technology company that develops software, cloud services, devices and AI solutions, has a market cap of $3.88 trillion and trailing-12-month revenue of $346.44 billion, up 18.2%, while its stock is up 8.6% year to date. Over the last five reported days, ETFs were net buyers on three and net sellers on two.
- Palantir Trades at 150 Times, Josh Brown Says. Monday’s Guidance Has to Do More Than Beat
Palantir (PLTR) reports third-quarter results after the close on Monday, Nov. 2, with Oppenheimer expecting a revenue beat and annual guidance raise, and J.P. Morgan initiating at Overweight with a $262 target for December 2027. Josh Brown said Palantir trades at 150 times, a figure close to its multiple on past reported earnings, while its forward P/E has climbed to 103x from 74x at the end of June. The article notes that 2026 consensus revenue of $8.22 billion is already above the top of Palantir's guidance range of $8.150 billion to $8.158 billion, so a routine raise may not move estimates much. It argues the fourth-quarter guidance is the key number, since the current outlook implies roughly $2.4 billion in Q4 revenue and must lift 2027 estimates, currently $12.4 billion in revenue and $2.35 in EPS, for the stock to grow into its multiple.
- Why Is Everybody Paying A Premium For Palantir Stock?
Palantir Technologies (PLTR) trades at 156.6 times trailing twelve-month earnings, compared with 22.6 times for the S&P 500, a valuation that looks like a bet on how far its sales can still grow. In the second quarter of 2026, revenue from U.S. commercial customers rose 149% to $764 million, total revenue grew 92.8%, and the company ended the quarter with 653 U.S. commercial customers, up 35%. According to Trefis, just to sustain its $472 billion market value with no return on top, Palantir would need to grow revenue 33.6% a year for seven years. Management raised its 2026 revenue guidance to between $8.15 billion and $8.16 billion, 82.2% above 2025, and expects U.S. commercial revenue to grow at least 134% this year. Revenue growth from U.S. commercial customers is the measure to watch when Palantir reports in November 2026.
- Better Defense Stock to Own Through 2030: Palantir vs. RTX Corporation
The article compares Palantir (PLTR) and RTX Corporation (RTX) as two ways to invest in rising global defense spending. Palantir's software helps defense and intelligence agencies gather and coordinate information; its second-quarter revenue rose 93% year over year (U.S. commercial up 149%, U.S. government up 90%), and it raised full-year guidance. However, the stock trades at a trailing P/E of 168 and competes with established technology providers. Of 30 analysts, the average rating is a moderate buy, with target prices for the next year between $80 and $265. RTX, through Raytheon, Pratt & Whitney and Collins Aerospace, supplies missile defense, military engines and aircraft components; its third-quarter sales rose 11%, its record backlog reached $340 billion including $164 billion in defense orders, and its P/E is 31. The article argues Palantir suits growth investors who accept a high valuation, while RTX is the more balanced option given its established earnings, diversification and dividend.
- What Will a $10,000 Investment in Palantir Be Worth by 2030?
Palantir shares fell for most of 2026 but have risen since August, gaining about 12% year to date, roughly in line with the S&P 500. The article points to strong growth in Palantir’s AI platform, with Q2 revenue up 93%, U.S. commercial revenue up 149%, and a 55% profit margin. However, the stock trades at almost 125 times this year’s earnings, compared with about 23 times for Nvidia, whose Q2 revenue rose 106%. The author models 50% annual revenue growth from 2027 to 2030, which the article calls aggressive, and a valuation of about 30 times forward earnings, estimating a $10,000 investment could be worth about $20,000 by 2030. The author argues the high valuation could damp future returns.
Related markets
Latest news
- S&P 500, Nasdaq Drop As Capex Concerns Grip Tech Investors, Outweighing US-Iran Diplomacy Hope — ORCL, META, PLTR, AAPL In Focus
U.S. stocks closed lower on Monday as investors moved out of tech and AI shares over concerns about capex and valuations. The S&P 500 fell 0.5% and the Nasdaq 100 dropped 1.4%, while the Dow Jones Industrial Average rose 0.4%. The iShares Semiconductor ETF and VanEck Semiconductor ETF (SMH) fell between 2.7% and 3.7%, while oil prices slid after signs of possible U.S.-Iran diplomatic talks. Brent crude fell 7.63% to $104.77 per barrel and U.S. WTI dropped 7.36% to $96.46. Oracle is offering $10 billion in debt alongside an equivalent stock sale, while Meta Platforms is considering a $20 billion multi-currency bond issuance. Palantir's Q3 earnings beat expectations but valuation concerns dented sentiment, while Apple's fourth-quarter revenue topped forecasts yet its Q1 outlook failed to impress investors.
- Why do many bank stocks trade as cheaply as bunches of greens even though they earn trillions of VND per quarter?
14 of 28 bank stocks tracked were priced below VND 15,000 per share at the November 2 close, and PCB, VAB and PGB were all below their VND 10,000 par value. BVBank posted nine-month pre-tax profit of over VND 825 billion, up 90%, yet its shares closed at VND 10,200. PVcomBank's nine-month pre-tax profit rose 35.2%, but PCB still traded below par. The article attributes the low prices mainly to years of stock dividends and large bonus share issues, which have increased shares outstanding at 27 listed banks from about 40.7 billion units to 108.9 billion. It also notes that Techcombank's reference price fell from VND 33,500 to about VND 21,500 after its 50% stock dividend adjustment on 29 October.
- Intel (INTC) Joined A $700 Million AI Startup Funding Round
Intel has joined a US$700 million funding round for AI startup Hark, alongside Nvidia and AMD Ventures. Hark is building AI-native hardware and digital assistant foundation models that require substantial computing resources. The article links Intel Capital's role to Intel's broader push into AI infrastructure and data center demand. It also flags risks, including heavy capex on U.S. fabs and foundry losses that depend on strong AI uptake.
- Should Strong Earnings And Dividend Approval Require Action From Buenaventura Stock Investors?
Compañía de Minas Buenaventura reported third-quarter 2026 revenue of US$545.33 million and net income of US$245.09 million, and its board approved a dividend of US$0.5508 per share or ADS. The company has committed to distributing at least 40% of prior-year net income, while it expects capex of around US$500 million in 2026. Analysts forecast revenue growth of 1.7% a year over the next three years, with profit margins easing from 48.6% today to 42.7% by 2029. Earnings are projected to fall from about US$1.1b today to US$993.2 million in 2029. Before this update, the most optimistic analysts had penciled in about US$2.5b of 2029 revenue.
- Amazon Prime Video beats Apple TV
What seemed like a pricey vanity project for Amazon Prime Video has become a revenue driver.
- US midterm elections reach decisive moment: What scenarios could unfold?
On November 3, about 210 million registered voters will decide all 435 House seats, 35 of 100 Senate seats and governors in 36 states, determining which party controls Congress for the next two years. Republicans currently hold majorities in both chambers; Democrats need to gain 3 House seats and 4 Senate seats to take control. Since 1946, the president's party has typically lost an average of 26.5 House seats in midterm elections, according to George Washington University professor Todd Belt. Belt estimates about 35 House races could decide the majority and believes Democrats could gain roughly 15 seats. If Democrats win either chamber, non-government spending bills could stall, he said.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.