{"id":1261217,"date":"2026-05-05T11:56:26","date_gmt":"2026-05-05T08:56:26","guid":{"rendered":"https:\/\/www.etoro.com\/?p=1261217"},"modified":"2026-05-05T19:01:24","modified_gmt":"2026-05-05T16:01:24","slug":"palantir-charts-in-focus-after-earnings","status":"publish","type":"post","link":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/palantir-charts-in-focus-after-earnings\/","title":{"rendered":"Palantir Charts in Focus After Earnings"},"content":{"rendered":"

Palantir stock is in focus after reporting earnings, while Bitcoin is hitting multi-month highs. The Daily Breakdown digs in.<\/p>\n

Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. <\/span><\/i>To keep getting our daily insights<\/i><\/b>, all you need to do is <\/span><\/i>log in<\/span><\/i><\/a> to your eToro account.<\/span><\/i><\/p>\n

What’s Happening?<\/b><\/h2>\n

Monday was a reset day for stocks\u2026not so much for crypto. The Dow<\/a> fell 1.1% and the S&P 500<\/a> slipped 0.4%, but Bitcoin<\/a> helped lead the crypto charge, popping 1.6% and clearing that stubborn $80K level. Only two sectors finished in the green yesterday \u2014 energy and tech \u2014 as oil<\/a> remains above $100 a barrel and the <\/span>USO<\/span><\/a> ETF hovers near record highs.<\/span><\/p>\n

\ud83d\udc40 S&P 500 Spotlight<\/b><\/h4>\n

Tyson Foods<\/a>, the frozen chicken maker, jumped almost 8% on Monday after reporting earnings, hitting a new 52-week high and leading all S&P 500 components on the day. On the flip side, United Parcel Service<\/a> and FedEx<\/a> tumbled, falling 10.5% and 9.1%, respectively.<\/span><\/p>\n

Today\u2019s earnings reports include PayPal<\/a>, Shopify<\/a>, Ferrari<\/a>, Pfizer<\/a>, Advanced Micro Devices<\/a>, Super Micro Computer<\/a>, and Strategy<\/a>, among others.<\/span><\/p>\n

\u26a1 Crypto Corner<\/b><\/h4>\n

The world\u2019s largest cryptocurrency \u2014 Bitcoin \u2014 is doing the heavy lifting right now, but a few others are trying to pitch in too. Dogecoin<\/a> is quietly up almost 20% over the past month, Ondo<\/a> climbed more than 9% on Monday \u2014 and is up more than 19% over the past four days \u2014 while Polygon<\/a> just hit a one-month high.<\/span><\/p>\n

Want to receive these insights straight to your inbox?<\/strong><\/p>\n

Sign up here<\/a><\/p>\n

The Setup \u2014 Palantir<\/b><\/h2>\n

Palantir<\/a> delivered another record quarter and raised its full-year outlook following the strong results. Government revenue remained robust, although commercial sales fell short of market expectations, which may help explain the stock\u2019s muted response so far this morning, with shares slightly lower in pre-market trading.<\/span><\/p>\n

Still, traders are watching the chart.<\/span><\/p>\n

\"Weekly
Chart as of the close on 5\/4\/2026. Source: eToro ProCharts, courtesy of TradingView.<\/em><\/figcaption><\/figure>\n

That\u2019s because PLTR is holding support near $125, but remains trapped below downtrend resistance \u2014 the blue line above. If shares can clear that level, bullish momentum could build and PLTR could rally. However, if selling pressure accelerates, current support could be put to the test.<\/span><\/p>\n

Options<\/b><\/p>\n

Call spreads and put spreads allow traders to take options trades with a much lower premium than buying the calls outright. In these cases, the maximum risk is the premium paid. Options aren\u2019t for everyone \u2014 especially in these scenarios \u2014 but spreads make them more accessible. For those looking to learn more about options, consider visiting the <\/span>eToro Academy<\/span><\/a>.<\/span><\/p>\n

What Wall Street’s Watching<\/h2>\n

GME<\/b><\/p>\n

When it comes to GameStop<\/a>, \u201cthe math isn\u2019t mathing\u201d is the vibe on Wall Street. Shares rallied 6% on Friday, then tumbled 10% yesterday after reports that the company is exploring a $56 billion bid for eBay<\/a>, which rallied 5% on the day. But even with banking support, investors are questioning whether GameStop \u2014 with its roughly $11 billion market cap \u2014 has the financial firepower to pull off an M&A move of that size. <\/span>Check out the charts for GME<\/span><\/a>.<\/span><\/p>\n

CRCL<\/b><\/p>\n

Shares of Circle<\/a> have been on fire lately, rising almost 10% on Friday and nearly 20% on Monday. The stock is now hitting a one-month high after a key compromise on the CLARITY Act reportedly cleared a major legislative hurdle. The company is scheduled to report earnings on May 11. <\/span>Dig into the fundamentals for CRCL<\/span><\/a>.<\/span><\/p>\n

Disclaimer:<\/i><\/b><\/p>\n

Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.<\/i><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Palantir stock is in focus after reporting earnings, while Bitcoin is hitting multi-month highs. The Daily Breakdown digs in. Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. To keep getting our daily insights, all you need to do is log in to your eToro account. What’s Happening?…<\/p>\n","protected":false},"author":130,"featured_media":819735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6894],"tags":[],"asset_type":[],"class_list":["post-1261217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-breakdown"],"acf":[],"yoast_head":"The Daily Breakdown: Palantir Charts in Focus After Earnings<\/title>\n<meta name=\"description\" content=\"Palantir stock is in focus after reporting earnings, while Bitcoin is hitting multi-month highs. 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