Lows

...and who's down

Monday, February 22, 2021 by Snacks

Homeland's favorite stock... Palantir is the secretive software company that crunches data for big clients like intelligence agencies. Since going public in October, Palantir has been a little less mysterious (at least, its finances have): shares plunged 9% for the week after Palantir reported a $148M loss for last quarter — and $1.2B for the full year. Still, average revenue per customer was a whopping $7.9M last year. 2020 sales beat expectations, as Palantir won contracts with the US Army, the Air Force, and the FDA (and they probably didn't even get a free trial).

Up, in a bad way... US jobless claims hit a four-week high of 861K for the week ended February 13th, rising for the second week straight. Despite a steady drop in Covid cases as vaccines roll out, ~10M Americans are still unemployed. And the pace of recovery is slowing: in January, the US economy added just 49K jobs. Investors are looking forward to more help from Uncle Sam. Dems are on track to (narrowly) pass President Biden’s $1.9T stimulus package, which includes boosted unemployment aid and $1.4K payments to most Americans.

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