AST SpaceMobile(ASTS) Investor Place·2024-07-10 10:00Breakout Stocks Overview - Breakout stocks like Nvidia have captured headlines, but other companies with significant potential are rising rapidly and often overlooked by investors [1] - Over-concentration in portfolios, particularly with S&P 500 breakout stocks, conceals the broader market's true performance, which accounts for nearly half of the index's 26% twelve-month gain [1] - These overlooked breakout stocks offer diversification away from mega-caps and continued upside potential [1] AST SpaceMobile (ASTS) - AST SpaceMobile is a space-based communications company that has surged after announcing the commercialization of its low-earth satellites, aiming to provide 100% cellular coverage across North America [2] - Strategic partners include AT&T, Verizon, Vodafone, and Google, with the potential to serve up to 2.8 billion subscribers globally [2] - ASTS shares surged over 150% in the past six months, marking a major milestone toward continued triple-digit returns [3] Palantir Technologies (PLTR) - Palantir Technologies has seen a significant shift in fortune, with shares soaring nearly 70% since January, driven by diversification away from over-reliance on government contracts [5] - The company has expanded its client base to include corporate clients like Tampa General Hospital, United Airlines, AARP, and Wendy's, diversifying revenue streams and reducing risk [6] - Palantir's momentum is supported by technical factors, with shares consistently bouncing off a resistance level in the 95 per share, a 26% premium over its current price, reflecting optimism about its growth strategy and market expansion potential [8]