Making 5 Buys After Palantir Announces 5-Year Partnership
After some overnight moves for key holdings, we're making five purchases for the small-cap portfolio.
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The Time Is Ripe to Add to This Portfolio Name
There have been some news updates related to the $10,000 portfolio:
On Sunday morning, Rocket Lab (RKLB) successfully completed its 85th launch mission and its first-ever launch for the European Space Agency or ESA. The mission lifted off from the firm's Launch Complex 1 in New Zealand to place two satellite navigation spacecraft into low earth orbit. The stock is trading higher overnight Sunday into Monday morning.
On Monday morning, Palantir Technologies (PLTR) announced the renewal and an expansion of its existing partnership with Stellantis (STLA) . This now five-year agreement continues an inter-corporate collaboration going back to 2016. Under the new deal, Stellantis will expand its use of Palantir Foundry platform while deploying the Palantir Artificial Intelligence Platform (AIP) in select business functions and regions. The combined use of these platforms supports Stellantis teams in consolidating previously fragmented datasets and creating less costly workflows and strategies. This stock is trading slightly higher overnight as well.
Action
The $10,000 Portfolio got off to a rather negative start, initiating long positions as the broader market was selling off sharply on inflation scares created by the war in the Middle East.
The portfolio, which is an actual segment of the overall Sarge-folio, will be adding to these long positions on Monday after the publication of this article so that I do not front run my own work or my readers.
-Purchase 25 shares of (SOFI) at or close to the pre-opening last sale of $15.37 to make a long position of 125 shares.
-Purchase 5 shares of RKLB at or close to the pre-opening last sale of $62.38 to make a long position of 15 shares
-Purchase 2 shares of PLTR at or close to the pre-opening last sale of $144.10 to make a long position of 7 shares
-Purchase 25 shares of (OCUL) at or close to the pre-opening last sale of $7.64 to make a long position of 125 shares
-Purchase 25 shares of (ONDS) at or close to the pre-opening last sale of $8.98 to make a long position of 125 shares
The portfolio is looking to spend a rough $1,400 on these purchases on Monday, which will drop the portfolio's cash position to a little more than $3,300.
Current Positions
Long 100 shares of SOFI at $16.28. Last sale: $15.23.
Long 100 shares of OCUL at $8.185. Last sale: $7.55.
Long 100 shares of ONDS at $9.76. Last sale: $8.80.
Long 5 shares of PLTR at $152.27. Last sale: $143.06.
Long 10 shares of RKLB at $71.145. Last sale: $60.93.
Long 50 shares of (INFQ) at $9.965. Last sale $9.85.
Short 1 SOFI May 15 call at $1.01. Last sale: $0.63.
Cash: $4,706.95.
Related: Asia Preps for Worst-Case Energy-Disruption Scenarios
At the time of publication, Guilfoyle was long SOFI, OCUL, ONDS, PLTR, RKLB and INFQ; and short one SOFI call.
