April’s Top 5 Tech Stocks: Spotlight on Palantir (PLTR) as a Prime Investment Opportunity

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Palantir Technologies (PLTR) experiences a surge in stock prices following a new AI and cloud partnership with Oracle (ORCL).
The tech stock is maintaining support at its 10-week moving average, positioning it in an alternate buy zone.
The stock market is currently in a confirmed uptrend, with many tech stocks performing better due to changes in interest rates and Federal Reserve policies.

Palantir Technologies partners with Oracle, leading to a surge in stock prices and positioning it as one of the top tech stocks to buy and watch now.

Palantir’s Partnership with Oracle

Palantir Technologies, known for its data analytics software, has recently announced a new AI and cloud partnership with Oracle. This news has led to a significant gap up in Palantir’s stock prices. Currently, the stock is holding support at its 10-week moving average, which places it in an alternate buy zone. This makes Palantir one of the five best tech stocks to buy and watch now.

Stock Market Trends in 2023

Despite substantial year-to-date gains for the Nasdaq composite and S&P 500 in 2023, the year was challenging for many of the best stocks to buy and watch. This was partly due to rising interest rates and an increasingly hawkish Federal Reserve. However, the narrative has changed dramatically with the Fed now set to start cutting rates this year. As a result, a large number of tech stocks are acting better with the stock market back in a confirmed uptrend.

Best Stocks to Buy

After hitting a low of 3.3% in early May, the 10-year Treasury yield surged above the 4% level last summer as investors weighed the prospects of more interest rate hikes by the Federal Reserve to combat inflation. A rising interest rate envi... Read the full article for FREE at COINOTAG!