On the DL... Palantir stock fell 13% during its 1st publicly traded week. The secretive software company crunches data for big customers (the CIA was an early investor). Instead of the usual IPO, Palantir went public via a rare Direct Listing (no new shares created, no fresh cash raised). After 17 years, Palantir is still hugely unprofitable — it lost $580M in 2019. Now its growth depends on a few massive players: its top 3 customers make up over 30% of its sales.
Unmagical... Disney is laying off 28K employees across its Parks & Experiences division, which made up ~40% of its sales in 2019. Last quarter, Parks sales plunged 85%. Now some Disney parks have reopened with limited capacity, but the big CA ones are still shut (read: Disney's still losing major $$$). The only thing Mickey's smiling about: Disney's streaming networks (Disney+, ESPN+, and Hulu) now have over 100M subscribers, and live sports are finally back.