The bond villain behind the surveillance data company Palatir will do his usual song and dance today after earnings. The company is the marquee name reporting today.
It’s a $475 billion market cap company that’s forecast to report $1.091 billion in revenue this quarter and $489m in earnings. Even on the out-year forecast for 2029, consensus revenue is at just $14.6 billion, which means it’s trading at 32.5x revenue on 2029 numbers. Of course, the bull case is that the USA devolves into a surveillance state and it’s Palantir’s algo watching everyone.
Until that dystopian future arrives, we can enjoy the usual unhinged quarterly conference call from Karp. Shares today are up 3% and trading at an all-time high.
If that’s not enough fun, we have Hims & Hers reporting. It’s something of an Ozempic knock-off company that uses a compounding loophole to sell patented drugs at lower costs. It was also a meme earlier this year but has since stabilized down around 40% from its highs.
On the theme of retail favourites, we also have BWXT reporting. It’s a nuclear company so naturally it’s up almost 100% this year.
In real-world companies, there is Goodyear, Diamondback and chipmaker Navitas as highlights.
Tomorrow before the open we get Shopify, Uber, Spotify andd Wingstop. If you’re looking to sort through some carnage, restaurant stocks have been crushed this year.
This article was written by Adam Button at investinglive.com.