Palantir Technologies(US:PLTR) Youtube·2025-11-03 15:30Market Overview - The current market action is positive, with a rotation among leading stocks, particularly the "Magnificent Seven" names, including Amazon, which recently broke above $240, contributing to a 4% rally [1] - November is historically a strong month for the market, with an average increase of 1.9% since 1950, and a record of being up 12 out of the last 13 years [1] - Concerns about a potential government shutdown are present, but the market has not reacted negatively so far [1][5] Company Insights - Amazon: Recently formed a relationship with OpenAI, which has positively impacted its stock performance [1] - Uber: Has seen a 60% increase year-to-date but has been stagnant over the last three months. Current trading is around $94, with support levels at $92 and $85 [1][3] - Palantir: Up 160% year-to-date, showing strong momentum and breaking out of a triangular formation. The stock has a target price of $230-$240, with a history of significant price increases following earnings beats [2][3] - Shopify: Also up 60% year-to-date, showing a strong upward trend but may be overbought ahead of earnings, suggesting a potential pullback could present a buying opportunity [3][4] M&A Activity - Recent M&A activity includes Kimberly Clark acquiring Ken View for $38 billion, indicating ongoing interest in mergers and acquisitions within the market [4][7] - A significant deal in the utility sector involved American Water and Essential Utilities, valued at $60 billion, although it did not receive much attention [7][8] - The market is expected to see continued M&A activity into the first quarter of next year, contingent on the resolution of the government shutdown [8]