Palantir (PLTR) and Netflix (NFLX) "are the true leaders" of the stock market at this point, Larry Tentarelli, the Chief Technical Strategist of the Blue Chip Daily Trend Report said on the Schwab Network recently.

Meanwhile, Tentarelli noted that "Tesla (TSLA), whose shares he recently bought,, is "showing some promise" from a technical standpoint, while the strategist is very bullish on Bitcoin. Strategy Inc. (MSTR) is a major holder of Bitcoin.

Tentarelli's Bullish Views on TSLA and PLTR

Palantir (PLTR) and Netflix (NFLX) "have performed much better than the megacap (tech names) that got very over owned and are below their 200-day moving averages," Tentarelli stated.

Netflix (NFLX) "recently reached an all-time high and is very strong," while Palantir (PLTR) was "underneath its all-time high," he said.

Investors are buying these stocks which are smaller than the Mag 7, because of their potential to generate bigger gains than their Big Tech counterparts, according to Tentarelli.

Tentarellli Is Upbeat on Bitcoin and Recently Bought TSLA

By moving over $90,0o0, Bitcoin created a "technical buy sign," the strategist reported. Moreover, it has held above its 40-week moving average, and its trend is positive, according to Tentarelli.

The strategist reported that he recently bought TSLA stock, and he noted that it had closed over its 40-day moving average "for the first time in four months." Also noteworthy is that it was the first Mag 7 stock to have tested its 200-day moving average in recent weeks, he reported.

While we acknowledge the potential of PLTR, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PLTR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.