In today’s briefing:
- Palantir 4Q21 Earnings: Declining Bookings, Shrinking Margins, Eccentric CEO
- Spotify ($SPOT): In-Depth Analysis
- Hang Seng TECH Index Rebalance: Forced Changes Lead to BIG Turnover
Palantir 4Q21 Earnings: Declining Bookings, Shrinking Margins, Eccentric CEO
- Palantir’s ongoing SPAC investment strategy is driving an increasing bifurcation between reported and underlying results… which continues to be ignored by sell side and retail investors.
- Revenue growth missed ex-SPAC, while Billings Growth collapsed 31% YoY ex-SPAC investments…unheard of for a software company.
- Margin guidance for 1Q22 well below consensus as sales headcount continues to ramp. Stay short.
Spotify ($SPOT): In-Depth Analysis
- With Spotify’s newfound all-things-audio ambition, we can take note of some noticeable happenings within the broad media category as a whole
- Starting off high-level, the company offers users access to its platform in two distinct manners, with a free membership or through a premium counterpart
- In short, Spotify is on a quest to capture the opportunity provided by an industry that is rapidly expanding in all directions
Hang Seng TECH Index Rebalance: Forced Changes Lead to BIG Turnover
- SenseTime Group (20 HK), Li Auto (2015 HK) and XPeng (9868 HK) replace Autohome (2518 HK), Weimob Inc. (2013 HK) and Tongcheng-Elong Holdings Ltd (780 HK) in the HSTECH INDEX.
- A few changes have been made from the way stocks are treated to ensure the inclusion of Li Auto (2015 HK) and XPeng (9868 HK) in the index.
- SenseTime Group (20 HK) has been included at a much higher float than what it should be and this could take the stock higher in the next couple of weeks.
Before it’s here, it’s on Smartkarma
