Since the start of 2023, enterprises leveraging Palantir (NYSE: PLTR) have outshined their sector benchmarks by 50%, and the substantial commercial uptake of its innovation has delivered advantages to Palantir stakeholders, especially following the launch of its artificial intelligence platform (AIP).
In fact, business collaborations with Palantir have surged over 70% year-over-year (YoY), and the accomplishments of its associates continue to enhance the likelihood of rivals adopting Palantir’s technology suite, as tech and data products developer known as Sella pointed out on August 25.
Considering this, Sella has evaluated some of Palantir’s largest and pivotal clients, encompassing firms from aerospace, automotive, energy and renewables, financial services, insurance, manufacturing, and the railway sector, to compile his own Palantir ETF list while also tracking the performance of pertinent stocks.
Airbus stock
Notably, the standout company in the aerospace and aviation realm is Airbus (OTCMKTS: EADSY), which earlier this annum Sella deemed an ‘obvious selection’ for his exchange-traded fund (ETF), alongside United Airlines (NASDAQ: UAL), as per his post on X dated April 1.
As of this writing, EADSY stock is priced at $39.39, reflecting a daily gain of 2.58%, an advance of 3.58% over the week, an increase of 11.08% for the past month, and a year-to-date rise of 2.36%, according to the latest chart data.
Ferrari stock
Additionally, the analyst highlighted Ferrari (BIT: RACE) as an automotive choice next to Stellantis (NYSE: STLA) for its leading performance on his ETF list, noting an impressive 121% growth since early 2023, despite admitting a lack of familiarity with the brand.
Currently, Ferrari stock is priced at €433.20 ($483.17), indicating a daily rise of 0.49%, alongside a weekly advance of 2.53%, and a monthly increase of 13.82%, while its year-to-date (YTD) performance reflects a 40.86% advance.
BP stock
Moreover, Sella contended that his choice in the energy & renewables domain, BP (NYSE: BP) alongside PG&E (NYSE: PCG), has seen a dip of 6% since January 1, 2023, primarily attributed to macroeconomic factors, but The Motley Fool analyst Edward Sheldon believes some investors might consider purchasing them:
“For me, there’s a little too much uncertainty. But if I was a value or income investor (I’m more of a quality growth investor), I may consider buying them. With interest rates expected to decrease, a 5.1% dividend yield’s appealing.”
As of this moment, BP stock is trading at $34.11, with no changes on the day, down 0.52% for the week, and down 3.23% on its monthly assessment, whereas this year, BP shares have declined 3.92%, according to the latest information on August 26.
Conclusion
To summarize, investing in the aforementioned stocks could be one method to enhance Palantir’s growth; however, the analyst emphasized he was not endorsing them but rather showcasing that “the evidence that Palantir is providing a competitive advantage is increasing, and this is what I desire to observe as an investor.”
That said, putting money into any asset in the stock market carries inherent risks, making it vital to conduct personal research and stay informed about relevant news and developments when allocating substantial funds and dedicating a significant portion of one’s portfolio to any asset.
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