Why Palantir Technologies Stock Is Falling Today
Lou Whiteman, 16 February 2021
Shares of Palantir Technologies (NYSE: PLTR) fell as much as 10% on Tuesday after the company released fourth-quarter results and provided guidance for the years to come. The company is forecasting dramatic growth in 2021, but much of that is arguably already priced into the shares.
Before markets opened on Tuesday, Palantir said it lost $0.08 per share in the fourth quarter on revenue of $322 million. The earnings fell short of Wall Street’s $0.02 per-share profit estimate, but the revenue beat by about $22 million.
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3 Reasons to Avoid the DoorDash IPO and Other Food Delivery Stocks
Jeremy Bowman, 11 December 2020
It’s a great time to be a DoorDash (NYSE: DASH) insider. Shares of the hot food delivery start-up jumped 86% on its IPO day, rising off of an already elevated listing price. The eye-popping surge comes as restaurant delivery apps have been among the big winners during the pandemic and amid speculation of a broader bubble in tech stocks.
Still, at a valuation around $72 billion now, double that of well-established restaurant chains like Chipotle, for example, it seems too hard to justify DoorDash’s market cap. The company is still unprofitable, even as it’s experienced significant tailwinds from the pandemic. Beyond valuation concerns, there are a number of other reasons to avoid DoorDash and its food delivery peers.
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DoorDash Soars in First Day of Trading
Erin Griffith, 09 December 2020
Shares of DoorDash soared in their first day of trading on Wednesday, capping a year of outsize growth for the country’s largest food delivery company. DoorDash stock rose 86 percent above its initial public offering price of $102 to close the day at $189.51.
That valued the company at $72 billion, including employee-owned shares — more than the market capitalization of Domino’s Pizza and Chipotle Mexican Grill combined. DoorDash raised $3.4 billion, making it the one of the largest I.P.O.s of the year.
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The Truth Hidden by IBM’s Buybacks
ANDREW ROSS SORKIN, 20 October 2014
For many years, the International Business Machines Corporation’s earnings glided smoothly upward. Every quarter, IBM would report higher earnings per share. Even Warren Buffett invested in the company, disregarding his long-held aversion to technology companies as too challenging to forecast.
Virginia M. Rometty, IBM’s chief executive — and recently anointed the most powerful woman in business by Fortune magazine — has talked a good game about focusing on “shareholder value.” For the first several years of her tenure, she managed to prop up the stock by buying back shares by the cartload. In the first six months of this year, the company spent more than $12 billion — that’s billion with a “b” — on its own shares. She’s also been sending shareholders thank-you presents in the form of large dividends.
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