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Today's big stories

Media powerhouse Disney reported better-than-expected quarterly results
If you're looking at buying a home, you might want to hold off for a bit – Read Now
Software giant Palantir dropped an earnings update that beat analysts’ expectations

1.

Tour De Force

What’s Going On Here?

Disney reported better-than-expected results late last week, and – surprise, surprise – it had Baby Yoda almost entirely to thank.

What Does This Mean?

Disney’s theme parks haven’t exactly been the Happiest Places on Earth this year, but at least losses in that part of its business came in lower than analysts were predicting. And even if the pandemic’s scrubbed a little of the magic from the Magic Kingdom, Disney+ has cast a pretty effective spell of its own: the virus-proof streaming service welcomed an expectation-busting 16 million new subscribers last quarter, bringing the grand total to 74 million (tweet this). That’s a pretty tidy way for Disney+ to celebrate its one-year anniversary, and already launches the company past the 60 million subscriber target it’d hoped to hit by 2024.

Why Should I Care?

Zooming in: Make a wish, Disney.
Whether Disney can hold on to all those subscribers is its next challenge: a lot of them signed up to bundles or one-time promotions, and some of those – including a free trial for Verizon customers – are set to expire soon. No doubt Netflix is watching closely: the streaming pioneer has built up 195 million subscribers over the course of a mostly competitor-free few years, and its lead is suddenly looking a bit more beatable…

Zooming out: A little more Netflix, a little less Six Flags.
Disney has big plans to invest even more in its streaming business, which is why it took the opportunity to tell investors it wouldn’t be paying them a dividend. That won’t come as a surprise to activist investor and one major shareholder Third Point Capital, which urged Disney to cut payouts just last month. The firm thinks investors will be willing to pay a higher price for Disney’s stock if it focuses its money and efforts on its streaming business, which has far more growth potential than, say, its theme parks.

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2. Analyst Take

Why Global Home Prices Could Be Poised To Tumble

What’s Going On Here?

The world might’ve dipped into its deepest recession in decades this year, but home prices in the world’s richest countries have actually been accelerating.

The big question now is whether this surge will continue – but there are a couple of worrying signs it won’t.

Banks, after all, might be less willing to offer mortgages, especially as the government support initiatives that have been holding together most major economies start to disappear.

That – as well as a few other factors – could send house prices south, and fast.

It’s so important you know the risks, as well as how to tell when all this might happen. That’s what we’ve dug into in today’s Premium Insight: check it out here.

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3.

Scan-Do Attitude

What’s Going On Here?

Palantir saw this coming from a mile off: the surveillance software maker announced better-than-expected quarterly results in its first earnings report since hitting the stock market.

What Does This Mean?

Palantir’s revenue rose by 50% in the first nine months of the year – double 2019's entire growth. Even better, it recently got another kick thanks to a deal it’s just struck with the US army. But that also neatly sums up investors’ biggest worry about the company: it depends on a small number of very big contracts. Lose one, and it’ll make a massive dent in Palantir’s profitability. At least the software-maker seems to be taking the feedback to heart: it pointed out that the proportion of its revenue coming from its 20 biggest customers has dropped from 69% to 61%.

Why Should I Care?

For markets: I got this.
Palantir listed on the stock market in September, but it didn’t go down the traditional route of an initial public offering. Instead, it plumped for a “direct listing”, which cuts out investment banks, their related costs, and their knack for stabilizing share prices. That usually means the company’s stock is more volatile in the early days, but not in Palantir’s case: its share price has been pretty steady, even as it’s climbed almost 50%. That might have something to do with the US election outcome, mind you: analysts are expecting the new administration to slash military spending, which could spur demand for Palantir’s (relatively) cheap surveillance technology.

The bigger picture: Où est la Ciscotheque?
Palantir was joined by Cisco on the list of tech companies with better-than-expected earnings last quarter. Still, it was the fourth quarter in a row that the conglomerate’s revenue had fallen, which is probably because so much of its revenue comes from the sale of equipment for pandemic-stalled data centers and offices.

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💬 Quote of the day

“We have really everything in common with America nowadays except, of course, language.”

– Oscar Wilde (an Irish poet and playwright)

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♻️ Invest the world a better place

Generations Y and Z are leading the discussions about changing the world for the better. So how do you take those principles and make your voices heard in our investments? Wherre there’s a will, there’s a way – and today’s event will help get you started.

🌱 Fintech for Ethical Investing: 6pm Dubai Time, November 16th
🙋‍♀️ Women & Investing: 2pm UK Time, November 18th
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🤖 The Rise of Blockchain: 7pm Dubai Time, November 25th
🚀 Next Gen Investor Summit: 12pm UK Time, December 1st

📚 What we're reading

Airbnb’s a bit of a grift (Vice)
How to keep your cool in a survival situation (Outside)
What not to do before bed (HuffPost)

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Finimize - 😧 Disney's crushing Netflix

Today's big stories

Tour De Force

What’s Going On Here?

What Does This Mean?

Why Should I Care?

Why Global Home Prices Could Be Poised To Tumble

⚡️ Go digital with Grayscale

Scan-Do Attitude

What’s Going On Here?

What Does This Mean?

Why Should I Care?

💸 Invest in digital currencies with Grayscale

♻️ Invest the world a better place

Older messages

🤫 Goldman writes off 2020

😢 Vaccines won't save oil

😬 Europe takes down Amazon

🇺🇸 America had a busy week

👑 Long live Alibaba

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