One of the most popular stocks in the defense and aerospace sector has now taken a knee, falling by a significant amount over the past few days. Investors who saw big gains in this name are now likely to react in the worst way, which is emotionally and blindly buying the dip on this name, hoping it will return to the levels it was at just a couple of days ago.
This name is Palantir Technologies Inc. (NASDAQ: PLTR), a prominent figure and the shining star in most portfolios since it gained popularity over the past couple of years. However, even after beating recent earnings expectations, the stock has sold off by roughly 12.3% in a single week, a reaction that can be credited to increasing chances of conflicts being resolved worldwide.
