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Miami Herald
an hour ago
- Business
- Miami Herald
As Palantir stock soars, veteran trader makes surprising call
Hey, did you catch Alex Karp on the Daily Show? The controversial Palantir (PLTR) CEO got roasted by host Jon Stewart, who was discussing reports about the big-data-analytics company's expanding partnership with the Trump administration. Don't miss the move: Subscribe to TheStreet's free daily newsletter Palantir is reportedly going to build a master list of personal information, raising concern that President Donald Trump could have immense surveillance powers. "It's not like they're handing all of our data over to some crackpot CEO," Stewart says, while the screen lights up with a photo of an arguably unflattering photo of Karp. "Let's not judge a book by its cover." The segment included clips of interviews with Karp, who shares his views in his characteristic blunt force style. "The most effective way for social changes is to humiliate your enemy and make them poorer," Karp says in one interview. Image source:"I don't think in win-lose; I think in domination," he states in another. And then there's this gem: More Palantir Palantir gets great news from the PentagonWall Street veteran doubles down on PalantirPalantir bull sends message after CEO joins Trump for Saudi visit "I love the idea of getting a drone and having light fentanyl-laced urine spraying on analysts who tried to screw us," Karp states. "Well, let's not judge a book by its insides," a rather nervous looking Stewart says. "I've always said if there's anyone in the country who should have access to all of my personal data, it's the guy who wants drug-laced urine-spraying drones." Karp may have gotten reamed by Comedy Central, but investors seem happy. The company's stock has urged nearly 76% in 2025, closing at an all-time high on June 2, and ha soared a WTF-inducing 522% from a year ago. Last month, Palantir, which brings AI tools to the booming defense technology market, beat estimates for first-quarter revenue and boosted its full-year guidance as companies adopted its AI software. Palantir's Foundry software is being used by the Departments of Homeland Security and Health and Human Services, and reportedly is in discussions with both the IRS and Social Security Administration, according to The Economic Times. In April, Palantir won a $30 million contract from U.S. Immigration and Customs Enforcement to develop an operating system that identifies undocumented immigrants and tracks self-deportations. That was its largest single award from the agency among 46 federal contract actions since 2011. "They probably benefit a little bit more with Trump because of the impetus on security, border and immigration," Francisco Bido, senior portfolio manager at Palantir investor F/m Investments, told Reuters. "They're going to get a lot of work out of that." Peter Thiel, one of the company's co-founders, was an early Trump backer and has close ties with key Washington lawmakers, including Vice President JD Vance, whom he supported in a 2022 U.S. Senate race. "The relationships that Palantir's founders ... have with senior members of the Trump administration are helpful for business," D.A. Davidson analyst Gil Luria said. Related: Palantir gets great news from the Pentagon TheStreet Pro's Ed Ponsi has been keeping a sharp eye on Palantir's stock. "Have you ever bought a stock as it reached an all-time high?" he asked in his recent column. "It's a scary thought. We've always been taught to buy low and sell high. Buying at the highs is a violation of that rule." Ponsi, managing director of Barchetta Capital Management, said that nobody likes to buy at the highs because of the fear that the stock will immediately decline. "Traders and investors fear buying the top, just as they fear selling the bottom," he added. Fundamental investors who buy at the highs perceive value that is greater than the stock's current price, Ponsi explained. Technical traders love to buy stocks that are "breaking out" to all-time highs, since that market move represents a show of strength. "Sometimes, these fundamental and technical qualities appear simultaneously," he said. "That's been the case with Palantir." Ponsi recommended buying Palantir in October even as the stock traded at an all-time high. Since then the shares have tripled. He also tipped his hat to a colleague at TheStreet Pro, Stephen "Sarge" Guilfoyle, who bought Palantir when it was trading in single digits. "I finally understood the Palantir story months later," he said. "Even at a higher price, the stock was still a buy." "Now the stock has reached yet another all-time high," Ponsi added. "If the charts are correct, Palantir is still a good stock to own at its current price." Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Daily Mail
8 hours ago
- Business
- Daily Mail
Jon Stewart roasts Elon Musk over spectacular fall from grace at the White House
Jon Stewart has roasted Elon Musk as 'one of America's least efficient government workers' as his time in the White House came to an end. The talk show host laid into the world's richest man in a blistering monologue on The Daily Show on Monday, saying Donald Trump has 'broken this poor man'. 'Elon spent $300 million of his own money to get Trump elected, irreparably damaged his personal brand and almost all of his business, and is clearly suffering some kind of issue,' the comedian said. He referenced a New York Times report last week alleging Musk took a cocktail of drugs including ketamine, ecstasy and psychedelic mushrooms during the 2024 presidential election campaign. The report claimed the Tesla founder took so much ketamine it impacted his bladder, with Stewart saying his time heading DOGE left him a shell of his former self. 'Let this be a lesson to Elon and anybody in Trump's orbit: whatever your passionate political belief or whatever your ideology is, you will go from reaching for mine stars to dissolving in a puddle of your own urine and shame,' Stewart said. The host's monologue also took aim at Musk's poor relationship with his transgender child, saying he was 'starting a fight club with your kid just to be able to feel because Trump… Trump doesn't believe in anything, man.' The talk show host laid into the world's richest man on Monday's The Daily Show monologue, saying that President Trump has 'broken this poor man' and devastated his businesses as Musk's five-month stint leading DOGE concluded Musk left the White House in controversial fashion as he slammed President Trump's 'Big Beautiful Bill' in a media blitz as he departed DOGE. He has claimed to have saved over $100 billion in the federal government's budget, but Trump's legislation is set to raise the national deficit by over $2 trillion, with Musk saying Trump had 'undermined' his work. Stewart ridiculed the way that Musk had fawned over Trump in his early days in the administration, as he went from a 'tech titan given a mandate to move fast and crush the deep state' to a 'guy who had a bad night in a Nashville bar he can't remember.' 'He's leaving his job to make more family with his time,' he quipped, pointing to Musk's ever-growing number of children. As he brought up a picture of Musk jumping up and down on stage by Trump at a campaign rally and then to an image of Musk with a black eye at his final Oval Office press conference, Stewart continued: 'Look at this poor b***ard. 'He's looking beaten down. He's got that look on his face that I imagine his employees normally have — black eye, 1000-yards stare. This dude has seen some s***.' Musk said in his first media interviews after leaving the White House that he was going back to his multiple businesses '24/7.' At an event on Thursday for his space travel company SpaceX, Musk unveiled bold plans for his starships to soon colonize Mars. Branding it the next phase in space exploration, Musk said SpaceX aims to launch its first crewed Starship mission to the Red Planet in 2026, with a Tesla Optimus robot on board. 'Launching two years later, we would be sending humans, assuming the first missions are successful,' said Musk. But while the SpaceX event saw Musk confidently speak of the future, his interview with CBS on Tuesday got awkward as the billionaire bristled at questions on his history with Trump. CBS' David Pogue first queried Musk on whether his businesses had been impacted by President Donald Trump's tariffs and then asked the South African-born Musk if he supported Trump's attempts to ban foreign students. 'Yeah. I mean, I think we wanna stick to, you know, the subject of the day, which is, like, spaceships, as opposed to, you know, presidential policy,' Musk responded. Pogue pushed backing telling the billionaire that he had been told 'anything is good' as far as an interview subject. 'No, well - no,' Musk replied. But throughout the sit-down, Musk complained that DOGE became blamed for anything unpopular the Trump Administration was doing. 'Yeah, I think … what was starting to happen was that, like, it's a bit unfair because, like, DOGE became the whipping boy for everything,' Musk said. 'So, if there was some cut, real or imagined, everyone would blame DOGE.'
The Independent
10 hours ago
- Entertainment
- The Independent
Jon Stewart mocks Elon Musk's black eye saying it looks like he had a ‘bad night in Nashville bar'
The Daily Show host Jon Stewart mocked Elon Musk' s black eye, joking he looked 'beaten down' like a 'guy who had a bad night in a Nashville bar,' after working for President Donald Trump for 100 days. Comparing a photo of Musk enthusiastically jumping at a Trump rally several months ago to him now – looking tired and donning a big, black eye, Stewart jokingly expressed sympathy for the tech mogul. Musk sported the eye injury during his goodbye event in the Oval Office and said one of his children had hit him. 'Honestly, I'm starting to feel bad for this guy. Look at him, he's been there four months. Look at the poor bastard. It only took four months to go from this to this,' Stewart said. Stewart continued to mock: 'Look at this f***ing guy! He went from tech titan given a mandate to move fast and crush the deep state to a guy who had a bad night in a Nashville bar he can't remember.' 'He looks beaten down. He's got that look on his face that I imagine his employees normally have. Black eye, thousand yard stare, this dude has seen some shit. I'd like to know at least how that happened,' he said. 'So, you're not going to tell us what happened. Do you need a safe place to stay?' Stewart quipped about Musk's explanation. The host acknowledged that sometimes parents roughhouse with their children, but noted, 'I'm also sure that one sentence no parent has ever uttered to their child is, 'Go ahead, punch me in the face.'' Musk, a special government employee with a 130-day working period, ran his time out in the White House last week. Before leaving the Department of Government Efficiency, or DOGE, he appeared alongside Trump at the White House on Friday. The press conference came as a report claimed Musk was using drugs 'intensely' and regularly during the 2024 presidential campaign, including 'chronically' using the powerful anesthetic ketamine. Musk was allegedly using ecstasy, psychedelic mushrooms and Adderall, which he kept in a daily medication box that held about 20 pills. Though Musk has denied the allegations, Stewart took the opportunity to take a swing at the Tesla and SpaceX CEO over his alleged drug abuse. 'Who amongst us hasn't unwound sometimes with a little mixture of ecstasy, mushrooms, ketamine and Adderall? What could be the harm?' Stewart joked. Stewart also showed a clip of Musk's final Trump administration interview with CBS News' Sunday Morning, during which Musk said he hoped to stick to 'the subject of the day,' meaning spaceships. 'Look what Trump has reduced this man to. Has has broken this poor man,' Stewart said.
The Guardian
11 hours ago
- Business
- The Guardian
Jon Stewart on Elon Musk: ‘Doge has finally rooted out one of America's least efficient government workers'
Late-night hosts celebrated the end of Elon Musk's tenure with the Trump administration as the head of the 'department of government efficiency' (Doge). On Monday evening, Jon Stewart marveled at an important announcement from the so-called department of government efficiency (Doge). 'Doge has finally rooted out one of America's least efficient government workers and marked him for dismissal,' the Daily Show host said. That worker would be Elon Musk, the Tesla billionaire and Donald Trump-appointed chainsaw to the civil service, who said he would be stepping back from the administration after his deeply unpopular cuts. Trump sent Musk off with a final meeting in the Oval Office on Friday, where the South African-born billionaire appeared with a shirt saying 'the Dogefather' and a black eye. 'Look at this fucking guy,' Stewart laughed. 'He went from tech titan, given a mandate to move fast and crush the deep state, to … guy who had a bad night in Nashville at a bar he can't remember. 'He's beaten down,' Stewart continued. 'He's got that look on his face that I imagine his employees normally have. Black eye, thousand-yard stare. This dude has seen some shit. 'So you're not gonna tell us what happened?' Stewart joked. 'Do you need a safe place to stay?' According to Musk, the black eye resulted from asking his five-year-old son X to punch him in the face, which he allegedly did. 'Look, I believe things sometimes do happen when you're roughhousing with your kid,' Stewart said. 'But I'm also sure the one sentence no parent has ever uttered to their child is, 'Go ahead, punch me in the face.'' Stewart also noted that Musk had 'spent $300m of his own money to get Trump elected' and 'irreparably damaged his personal brand and almost all of his business', but had gotten nothing value in return for his service. That wasn't entirely true – during their farewell meeting, Trump presented Musk with a ceremonial golden key that he 'gives to very special people' emblazoned with the phrase 'Key to the White House'. 'You couldn't just give him the fucking key? You had to make sure everybody knows you give them to a lot of people,' Stewart mocked. ''You know, I've got a bunch of these. I give them to special people like … Who's the guy who brings me my Diet Cokes? I give him one for every Diet Coke. Anyway, enjoy your useless key.'' On Late Night, Seth Meyers also celebrated the end of Elon Musk's time in the Trump administration. 'It's wild that this guy arrived in Washington to cheers from conservatives and now he's leaving with plummeting sales and a black eye,' he said. 'Although based on how he waved a chainsaw around like a nightclub lumberjack, I guess he should be happy he still has all his limbs?' Musk left the government with 'a black eye and a record of failure', said Meyers, but at least he had Trump's golden key. 'Classic Trump – Musk endangers his businesses, exposes his personal life and becomes one of the most disliked public figures in America, and in return, Trump gives him a crappy prop from an escape room,' Meyers joked. 'The fact is, Musk failed so miserably at his job and caused so much damage that he is now openly distancing himself from the Trump administration,' Meyers continued. 'They're doing their best to spin it to make it seem like his work is done,' said Jimmy Kimmel of Musk's exit from Washington. 'But the more likely scenario is he didn't deliver any of what he promised, and they had enough of him. 'But it can't look like Trump made a mistake bringing him in, even though he obviously did, so they had a ceremony, a farewell press conference to send the skittish South African off on his way and to catalog some of the many imaginary contributions Doge has made.' During the Oval Office 'ceremony', Trump claimed that Doge cancelled $8m to 'make mice transgender' and $20m for 'Arab Sesame Street in the Middle East'. 'He's reading it out of a three-ring binder, so you know for sure it's true,' Kimmel joked. 'You think he believes that? I'm not sure which is scarier, that he does or that he doesn't, because it has been repeatedly established that what Trump is referring to are transgenic mice, not transgender mice,' AKA mice used for gene research. Trump and Musk claimed to have cut $160bn from the federal budget, far below their promise of $2tn. 'That didn't happen because Elon fired everybody who knew how to do math,' said Kimmel. Nevertheless, Trump thanked Musk for working 'tirelessly'. 'Of course he was working tirelessly. They say he was gobbling down 20 different kinds of uppers every day when he was there,' said Kimmel, referring to a bombshell New York Times report that Musk's use of ketamine, ecstasy and mushrooms was much more frequent than previously known. Kimmel also laughed at Trump's presentation of Musk with a golden White House key that is 'very special that I give to very special people', to which Musk replied 'Let's see the lock.' 'I think what I'm gonna miss most is their chemistry, you know?' Kimmel deadpanned. 'I feel like all it would take is one trip to the driving range together to convince Trump never to speak to Elon again.' And on the Late Show, Stephen Colbert declared that 'Musk's time in the White House will be remembered as a steaming pile of public service. 'As the chief chainsaw wielder of Doge, he oversaw the firing of nearly 10,000 workers,' he explained, and according to one estimate, his cuts to USAID have been blamed for 300,000 deaths. 'But Musk isn't saying goodbye to Doge. He's saying 'see you later.'' According to Trump, 'Elon's really not leaving. He's going to be back and forth, I think. It's his baby.' 'Yes, and since it's his baby, he's going to be naming it Xeron and abandoning its mother,' Colbert quipped. But 'the weirdest part of this weird, weird meeting' was Musk's black eye. 'Oh no, if only someone in the White House had access to makeup,' Colbert deadpanned. 'Who hates Elon Musk enough to punch him in the face? I'm not Sherlock Holmes, but could it be … everyone?' Colbert mused.
The Hill
11 hours ago
- Entertainment
- The Hill
Jon Stewart: ‘I'm starting to feel bad' for Musk
Jon Stewart says he's beginning to pity Elon Musk while mocking the 'beaten down' departing head of the Department of Government Efficiency (DOGE) for what President Trump 'has reduced this man to.' 'It only took four months to go from … tech titan given a mandate to move fast and crush the deep state, to guy who had a bad night at a Nashville bar he can't remember,' Stewart said of Musk on Monday's 'The Daily Show.' 'Look at that poor bastard,' Stewart said, showing an image of Musk sporting a black eye and a dejected look while appearing with Trump in the Oval Office last week. The ceremony at the White House marked the end of Musk's time with DOGE after four months as a special government employee. Musk told The Hill's Brett Samuels that the bruise was caused by 'horsing around' with his young son. 'I'm starting to feel bad for this guy,' Stewart told the Comedy Central show's audience. 'He's got that look on his face that I imagine his employees normally have: black eye, 1000-yard stare. This dude has seen some s—,' the comedian said of the billionaire tech entrepreneur. 'Look what Trump has reduced this man to. He has broken this poor man,' Stewart cracked of the Tesla CEO, before eventually showing an image of Musk from Trump's inauguration day giving what critics said was a Nazi salute. 'Let this be a lesson to Elon and anybody in Trump's orbit: Whatever your passion or political belief, whatever your ideology is — you will go from reaching for mein stars to dissolving in a puddle of your own urine and shame and starting a fight club with your kid just to be able to feel,' Stewart, 62, exclaimed before tearing into the president. 'Because Trump doesn't believe in anything, man.' 'The reality of Trump is he turns even his most fervent and enthusiastic foot soldiers upside down,' the 'Daily Show' host continued. 'Trump's very open secret has always been he doesn't believe in or care about any policy issue at all,' Stewart said. 'Just rolling with the punches is clearly the only strategy for happiness when you're working for Trump,' he said.
