Palantir and Disney: 2 Earnings Calls You Can't Miss
So which earnings am I watching next week?
Mike Sakuraba graduated with double major of English and Economics. Part time writer, part time investor, full time dad. Mike loves writing about technology, sports, and investing.
2023-08-05 11:30

2 Earnings Reports Next Week That Matter
Hey, the two I chose for last week for both interesting to watch. Last week I said to watch for the earnings reports from SoFi (NASDAQ: SOFI) and PayPal (NASDAQ: PYPL). These are two fintech companies that are currently moving in opposite directions and their earnings reports proved that. Even though SoFi ended up selling off after the initial surge on Monday, I think most shareholders are happy about the future prospects of the company.
Palantir and Disney: 2 Earnings Calls You Can't Miss
So which earnings am I watching next week? There are quite a few interesting stocks that are reporting so I had a little trouble narrowing it down. In the end, I chose two companies that are at different stages in their business cycles: Palantir and Walt Disney.

Palantir (NYSE: PLTR)
Talk about a polarizing name on the markets. It seems like most people are either relentless Palantir bulls or people who think the company is completely worthless. The market, for one, does think that there is some legitimacy to being a Palantir bull. The stock is up by more than 180% so far this year, thanks to the massive tailwinds from AI.

Palantir does not talk much about AI, but that could very well change during this earnings call. One vocal analyst who is changing this is Dan Ives of Wedbush. Ives is well-known for his bullishness on Tesla (NASDAQ: TSLA) and so far over the past few years, he has been correct every step of the way. Ives recently began coverage of Palantir with a Buy rating and a $25.00 price target. In his writeup, Ives referred to Palantir as the ‘Messi of AI’.

Why am I interested in Palantir? Ives has a good track record and is adding a legitimate voice to the Palantir bull argument. I want to first see if the company can maintain profitability and has continued to grow its customer base, especially in the commercial sector. Also, keep an eye on how many times CEO Alex Karp mentions AI during the call!

The Walt Disney Company (NYSE: DIS)
Who would have thought that there would be so many problems at the House that Mickey Built? Perhaps these have been a bit overblown but if you own Disney stock, you’re certainly not happy with the results this year. Year-to-date, shares of Disney are down by about 3.0% and that number balloons to 19.0% over the past 52 weeks.

Returning CEO Bob Iger is looking to shed costs at any expense. He’s made multiple staff cuts across the business and is now looking to potentially offload ESPN or at least find a new partner for it. It’s almost as if the company got too big under Bob Chapek, and now Iger is back in here to trim the fat.

As for the stock, there is no doubt it is cheap, especially for the potential that Disney has. I’ll have my eyes on any update on the ESPN situation as well as if its Disney+ platform has moved any closer to profitability. It might not happen overnight, but I am confident that Disney can get back to the entertainment powerhouse it once was. This earnings call will be the first step in returning to that level.

Disclaimer: I have no positions in any of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. All information should be independently verified and should not be relied upon for purposes of transacting securities or other investments. See terms for more info.

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Published On
2023-08-05 11:30

About the Author
Mike Sakuraba graduated with double major of English and Economics. Part time writer, part time investor, full time dad. Mike loves writing about technology, sports, and investing.

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