Wall Street Scores Daily, Weekly Wins

Wall Street had a mixed session, but turned in a solid weekly wins across the board. The Dow jumped 426 points for its third-straight daily win, while the S&P 500 was moderately higher and secured its fifth consecutive gain. The Nasdaq closed just above breakeven, as investors continued to shift out of tech into more economically sensitive stocks. Small-caps roared back to life, with the Russell 2000 Index (RUT) winning all five daily sessions and locking in its third weekly win in four.

Driving today’s price action, Bitcoin prices neared the long-awaited $100,000 mark, while traders also unpacked November’s PMI reading and consumer sentiment data.

Continue reading for more on today’s market, including:

Keep an eye on this telehealth stock’s next moves.
Retail ETF trading at 2-year highs before Black Friday.
Plus, retail stocks to watch; fintech earnings to unpack; and a casino stock’s fresh highs.

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A New York judge indefinitely delayed sentencing President-elect Donald Trump in connection to his hush money case. (CNBC)
President Vladimir Putin said Russia will keep testing its new Oreshnik hypersonic missile in combat. (Reuters)
A pair of retail stocks that made outsized post-earnings moves.
Two fintech stocks that brushed off quarterly beats.
Fresh coverage boosted this casino stock to new highs.

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Oil, Gold Log Healthy Weekly Gains

Oil futures bounced Friday and added 6.4% on the week, as traders kept monitoring tensions between Ukraine and Russia. In addition, European business activity hit a 10-month low, spiking fears that energy demand will slow down. For the session, the front-month January-dated West Texas Intermediate (WTI) crude rose $1.14 cents, or 1.6%, to settle at $71.24 per barrel.

See also <!DOCTYPE html><html><head><title>The Rise of Palantir: A Potential Trillion-Dollar Player in the AI Market</title></head><body><h2>The Dominance of AI Titans</h2><p>The ascent of artificial intelligence (AI) as a driving force in the market is undeniable, with major players like Apple, Microsoft, Nvidia, Alphabet, Amazon, and Meta Platforms leading the way. These tech giants, with market cap values in the trillion-dollar range, showcase the immense potential embedded in AI technology.</p><p>While the likes of Apple and Microsoft command market caps exceeding $3 trillion, the volatile but formidable Nvidia holds strong at $2.6 trillion. Alphabet, Amazon, and Meta Platforms follow closely behind, boasting market caps of $1.9 trillion, $1.7 trillion, and $1.2 trillion, respectively. The common thread binding these coveted market leaders is the boundless frontier presented by AI.</p><h2>A Silent Force Emerges</h2><p>With a current market cap of $60 billion, <strong>Palantir Technologies</strong> (NYSE: PLTR) may appear modest compared to its behemoth counterparts. However, beneath the surface, Palantir is strategically positioning itself to potentially join the esteemed trillion-dollar club. While many companies are still in the nascent stages of crafting an AI strategy, Palantir has silently honed its skills over two decades, primarily focusing on AI solutions for the U.S. government and global allies.</p><p>Transitioning its expertise to cater to enterprise-level entities, Palantir introduced the Artificial Intelligence Platform (AIP) powered by generative AI, carving a niche for itself in the market. Embracing a hands-on approach, the company conducts boot camps where users collaboratively develop and implement AI solutions alongside Palantir engineers, yielding swift and palpable results.</p><p>Palantir recently disclosed a milestone achievement, with over 1,025 organizations undergoing boot camps, resulting in significant deals worth over a billion dollars. Notably, the company reported a 27% year-over-year revenue surge in the second quarter, driven by robust U.S. commercial revenue growth catalyzed by AIP.</p><h2>The Road to Trillion-Dollar Status</h2><p>Leveraging its rich AI legacy, Palantir enjoys a competitive edge in serving government and enterprise clients seeking cutting-edge AI solutions. The realm of generative AI has captivated global governments, unveiling a promising arena for sovereign AI development.</p><p>Wall Street projections envision Palantir generating $2.7 billion in 2024, translating to a forward price-to-sales (P/S) ratio of approximately 22. Sustaining this growth trajectory, Palantir would need to scale its revenues to around $45 billion annually to justify a $1 trillion market cap. With a 27% year-over-year revenue increase in the latest quarter, Palantir could conceivably breach the trillion-dollar threshold by 2036 at the current pace.</p><p>However, the rapid adoption of generative AI signals an accelerated trajectory for Palantir. Noteworthy is the U.S. commercial revenue's impressive 40% and 55% year-over-year growth in the first and second quarters, respectively. As customer count within this segment surged by 69% and 83% in these respective periods, Palantir's ascent to the trillion-dollar echelon could materialize much sooner.</p><p>Estimates hint at the vast expanse of the generative AI market, projected to burgeon between $2.6 trillion and $4.4 trillion annually, as per McKinsey & Company. Palantir's sustained growth and industry primacy set the stage for a rapid ascent, potentially propelling the stock to a trillion-dollar valuation in the foreseeable future.</p></body></html><!DOCTYPE html><html><head> <title>Exploring Potential Returns: Uncovering the Stocks with Monster Potential</title></head><body> The Enigma of Exploding Stock Returns: Unveiling Hidden Fortunes

Gold prices are on pace to add 5.3% for the week, their best week since March 2023 and slightly below their record closing high after demand for haven assets was boosted by the Russia-Ukraine war. Gold for December delivery was last seen 1.3% higher near $2,706 an ounce.

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Oil, Gold Log Healthy Weekly Gains

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