The Rundown Palantir Pops +20% After Crushing Earnings, Spotify Reports First Full Year of Profitability
15 snips
Feb 4, 2025 Dive into the latest shifts in U.S. trade policies as tariffs on Mexico and Canada are paused while those on China remain. Discover Palantir's impressive earnings, causing its stock to soar by 20%. Meanwhile, hear about Spotify’s remarkable growth in user engagement contrasted with PayPal's struggles. Plus, explore the soaring egg prices due to a bird flu supply shortage and how Waffle House is cleverly managing costs. The podcast teases upcoming earnings reports from major companies, highlighting the dynamic nature of the market.
AI Snips
Chapters
Transcript
Episode notes
Trade War Developments
- The U.S. paused tariffs on Mexico and Canada for 30 days after they agreed to border security measures.
- However, tariffs on China remain, prompting retaliatory tariffs on specific U.S. industries.
US Sovereign Wealth Fund
- Trump signed an executive order to create a U.S. sovereign wealth fund, similar to Saudi Arabia's.
- One of the first proposed investments is in TikTok, potentially acquiring a 50% stake.
Palantir's Success
- Palantir's stock surged over 20%, exceeding $100 for the first time, after a strong earnings report.
- Their revenue and profits beat estimates, and their guidance is positive, driven by growth outside government contracts.