Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable bro...
Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked with... Amazon.com (AMZN) stock signal, a fundamental snapshot, and a technical view on where its share price is heading. What to know before the market opens on February 3rd, 2026, after AMZN closed at $242.96, up 1.53% during the previous session, before advancing 0.24% in after-market hours. Long Trade Idea Enter your long position between $238.97 (an intermediate horizontal support level) and $245.63 (yesterday’s intra-day high). Market Index Analysis Amazon.com (AMZN) is a member of the NASDAQ 100, the Dow Jones Industrial Average, the S&P 100, and the S&P 500 indices. All four indices trade within bearish chart patterns with decreasing bullish trading volumes. The Bull Bear Power Indicator of the NASDAQ 100 Index is bearish with a descending trendline. Market Sentiment Analysis Equity futures suggest a positive open, building on yesterday’s rally as markets brush off the sell-off in gold, silver, and Bitcoin. The US announced a trade deal with India after India and the EU signed a massive trade deal. Given the partial government shutdown, Friday’s January NFP report will be delayed. The sole focus remains tech earnings from the AI sector, which have been mixed. Palantir beat expectations and raised its outlook, sending shares higher in after-market action, with AMD set to report today. Amazon.com Fundamental Analysis Amazon.com is one of the Big Five US technology companies and a leader in the global AI race and cloud computing sector. It has excellent profit margins, but its debt remains excessive. AMZN is an industry disrup...
By Kanishka Ajmera and Rashika Singh Feb 3 (Reuters) - Shares of Palantir Technologies jumped 6.9% in early trading on Tuesday as investors bet on the company's military-grade AI tools and services after it reported a surge in quarterly sales, boosted by rising U.S. defense spending. Denver, Colorado-based Palantir is on track to add about $24.4 billion to its market value at the current price o...
By Kanishka Ajmera and Rashika Singh Feb 3 (Reuters) - Shares of Palantir Technologies jumped 6.9% in early trading on Tuesday as investors bet on the company's military-grade AI tools and services after it reported a surge in quarterly sales, boosted by rising U.S. defense spending. Denver, Colorado-based Palantir is on track to add about $24.4 billion to its market value at the current price of $158, if gains hold. The stock has risen 1,700% over the past three years. The company, founded by tech billionaire Peter Thiel and with the CIA as one of its early backers, said on Monday that revenue derived from the U.S. government jumped 66% in the fourth quarter to $570 million, helping lift total sales to $1.41 billion, above analysts' estimate of $1.33 billion. The data analytics firm forecast first-quarter sales above estimates and flagged a sharp surge in sales in 2026, driven in part by government contracts. "We believe that the growing political tailwinds for reindustrialization and the strengthening of American supply chains provide a fertile backdrop for greenfield deployments of Palantir's efficiency-driving software," Morningstar analysts said. Despite Tuesday's jump, Palantir shares are down nearly 17% so far this year, reflecting investor concerns over the company's lofty valuation. The stock trades at a forward price-to-earnings ratio of about 131. The company will need to maintain its impressive performance to justify its current pricing, especially as future growth comparisons become more challenging, analysts at Jefferies said. KARP MOUNTS DEFENCE OF PALANTIR SURVEILLANCE TOOLS CEO Alex Karp defended Palantir's surveillance technology, emphasizing it has safeguards to prevent government overreach. He said the company was "supporting in a critical manner, some of the most interesting, intricate, unusual operations that the U.S. government has been involved in", but did not specify which government programs Palantir was involved in. Karp's remark...