Diamonds and Dogs

5/6/25

Ford (F) higher following earnings with no guidance. Ford stock is up 2% as they easily beat earnings and sales projections for the first quarter. Ford says they are the best positioned auto maker to weather the tariff storm with 80% of their cars assembled in the US. However, Ford suspended its financial guidance expecting at least a $1.5 billion impact from tariffs. Management said they are focused on managing what we can control.

Profit-taking in Palantir (PLTR). The AI software maker with a number of defense contracts is down 13% even as they beat estimates as sales rose 39% to $883 million. The company also provided upside guidance to earnings, cash flow and sales. But with a stock trading for 130 times earnings and 40 t0 50 times sales, the stock may have limited upside in the short term. Palantir's stock is still higher on the year and up nearly 400% in the last year.