Prediction: Palantir Stock Could Be a Safer Bet Than Powerball

Palantir Technologies (NASDAQ: PLTR) stock may be considered a bit risky by some -- not because of any underperformance by the company from an earnings perspective, but rather the idea that the stock has soared a mind-boggling 1,900% over three years. And that's left it trading at a hefty valuation, a point that could weigh on its potential for gains and even drive the stock lower.So you may hesitate to get in on Palantir right now, but at the same time, you might easily drive to your local grocery store and do something much riskier: pick up a Powerball ticket. Spending only a few dollars may not seem like a big deal to you, but if you do this even a couple of times a month, it could add up. And the result generally will be money lost. About half of Americans buy lottery tickets, but on most occasions, they win nothing, a Motley Fool Money report shows. As for investing, only 21% of U.S. families directly own stock even though the stock market has delivered much better results than the lottery -- the S&P 500 has recorded an average annual gain of 10% over time.Considering these lottery statistics and the stock market track record, my prediction is Palantir is a safer bet than Powerball. Let's take a closer look at how this tech stock might offer you a better return.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool