Squawk on the Street SOTS 10AM: Palantir Pulls Back, Kostin’s Red Flag Warning, Ted Leonsis on the Enduring Power of Sports 11/4/25
15 snips
Nov 4, 2025 
David Kostin, Goldman Sachs’ Chief U.S. equity strategist, shares critical insights on market red flags emerging from earnings season. He questions whether earnings beats are truly rewarding investors or merely creating illusions in the stock market. Kyle Clark, CEO of Beta Technologies, discusses their upcoming IPO and innovative strides in electric aviation, emphasizing production timelines and unique business models. Ted Leonsis, Chairman of Monumental Sports, explores evolving sports media rights, franchise valuations, and the surprising parallels between sports teams and SaaS businesses.
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Buy Pullbacks If Macroeconomy Holds
- Buy dips according to Goldman's view because a recession isn't expected and cuts are forecasted.
- Kostin expects Fed cuts that should support higher equity prices, so use pullbacks as entry points.
Strong Report, Mixed Market Reaction For Palantir
- Palantir delivered strong results and raised guidance, yet shares fell as valuation concerns persist.
- CEO Alex Karp publicly attacked short sellers while highlighting rapid commercial AI adoption and boot camps.
Dig Into The Palantir Call Transcript
- Read the earnings call transcript to understand Palantir's commercial momentum and valuation debate.
- Watch capital returns and international scaling, especially Europe, as near-term investor focus points.
