Inside the Trade: How I Played PLTR’s AI-Driven Surge
As we wrap up 2024, few stocks have performed better than Palantir Technologies (PLTR), with shares skyrocketing over 350%.
While most traders missed this massive move, my Earnings Profit Surge strategy helped us capture a piece of this incredible run.
The Breakout That Started It All
In February, PLTR exploded 30% higher after reporting knockout earnings. Revenue jumped 20% to $608.4 million, crushing Wall Street’s expectations.
More importantly, CEO Alex Karp reported “unrelenting” demand for their AI offerings.
Wall Street took notice. Citi upgraded the stock, doubling their price target from $10 to $20.
Jefferies admitted they were “wrong” about the stock, and Bank of America praised PLTR’s “unique position” in AI.
Why I Didn’t Chase (And Why It Paid Off)
When a stock makes such a massive jump, it’s instantly on my radar. But unlike amateur traders, I don’t FOMO in right away. Instead, I wait for the perfect setup.
More importantly, I want to see the stock consolidate and see if it can hold its move.
In fact, I wait until AFTER companies report strong numbers. The research behind this is fascinating – studies from Harvard, Duke, and even the Federal Reserve have shown that stocks that gap up on earnings tend to continue trending higher for weeks afterward.
Think about it – when a company crushes earnings expectations, it’s not just a one-day event.
It often signals the start of a longer-term uptrend as more investors pile in.
Patience is the key.
On March 1st, 2024, I alerted my Profit Surge Trader subscribers:
I eventually built the position to 10 contracts.
And just five trading days later, we closed for a 75% gain.
How The Earnings Profit Surge Works
This strategy completely changed my trading career after I once lost half my account trying to predict Apple earnings. Here’s what I learned:
1. Wait for Confirmation
Instead of gambling before earnings, wait until AFTER companies report strong numbers. Harvard, Duke, and Federal Reserve studies show stocks that gap up on earnings tend to continue higher.
2. Look for Key Signals
- Minimum 3-5% earnings gap up
- Strong technical setup with aligned moving averages
- Increased options activity showing institutional interest
- Clear support levels below current price
3. Use AI Power
My proprietary S.A.M. (Stock Acceleration Monitor) scanner now identifies these setups faster than any human could, processing millions of data points per second to find the highest probability trades.
YOUR ACTION PLAN
With earnings season kicking off in mid-January, now is the time to prepare. Here’s what you need to do:
- Get my complete Earnings Profit Surge strategy and watchlist
- Learn the exact entry and exit rules I use
- Start receiving my weekly trade alerts with specific option plays
- Get access to my live Monday strategy sessions where I break down the week’s best setups
Don’t try to predict earnings – that’s gambling. Instead, let me show you how to profit AFTER the numbers are already out, just like we did with PLTR’s 75% gain in five days.
Ready to start trading the Earnings Profit Surge with me?
Click here to join Profit Surge Trader and get my complete strategy guide plus real-time trade alerts.
FUN FACT FRIDAY
Back-to-Back 20%+ Years in the S&P 500 📈
A rare market milestone is about to happen…
With the S&P 500 up 25% in 2024 following 2023’s 26% gain, this marks only the 9th time since 1950 that we’ve seen back-to-back years of 20%+ returns!
Historical Back-to-Back 20%+ Years:
- 1954-1955
- 1961-1962
- 1995-1999 (5-year streak!)
- 2003-2004
- 2023-2024
The most impressive streak occurred during the late 1990s bull run:
- 1995: +34%
- 1996: +20%
- 1997: +31%
- 1998: +27%
- 1999: +20%
Can the AI boom be as powerful as the dot-com surge?
We’ll just have to wait and see.
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