"Bitcoin." whispers Palantir | Roblox is the perfect parenting solution | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for May 12th in 3:12 minutes. ð Given all the worries around inflation right now, your best bet might be to invest in commodities. Head to our 15-minute event [The Future Of Commodities]( this Wednesday, and find out how to get your portfolio high on raw materials. [Register for free]( Today's big stories - Palantir revealed big plans for bitcoin when the big data firm reported its quarterly earnings
- Junk bonds have gone from risky and rewarding to just plain risky, so there might be big money in betting against them â [Read Now](
- Gaming platform Roblox posted strong earnings in its first set of results as a publicly listed company Bro Code [Bro Code] Whatâs Going On Here? Software firm Palantir [reported]( quarterly earnings that met analystsâ expectations on Tuesday, and ambivalent investors shrugged off the â wait, what was that about bitcoin? What Does This Mean? Palantir â which makes analytics tools for major corporations and the defense industry â saw its revenue grow 49% compared to the same time last year, beating both the companyâs own forecasts and analystsâ expectations. But ballooning costs â salaries, mainly â kept its profit from doing the same, and investors were feeling pretty lukewarm about the whole thing. That is, until Palantir mentioned the magic word in its conference call: the firmâs decided to accept payment in bitcoin, and itâs even thinking of buying the OG cryptocurrency to bolster its own balance sheet. That mightâve done the trick: investors initially sent its shares 5% higher. Why Should I Care? For markets: Palantirâs focused on quality, not quantity.
One of investorsâ biggest worries about Palantir is its dependence on a small number of big contracts. Lose one, and itâll massively dent its profitability. But the company had some good news on that front: it added 11 new customers last quarter, bringing the total to 149. Those new additions might also be why the companyâs forecasting 5% more sales this quarter than analysts were anticipating. The bigger picture: Big Tech will be the first to go.
Palantirâs shares actually fell to their lowest level so far this year at the start of the week, in what was part of a wider pattern: the Nasdaq index â heavy on Big Tech names â is down around 5% this month. Thatâs mostly down to a key measure of US inflation expectations, which hit heights not seen since 2006 earlier this week ([tweet this](). After all, if prices rise too high, too fast, the US Federal Reserve is more likely to step in and boost [interest rates]( to slow down the climb, which would make riskier stocks â tech stocks like Palantir among them â suddenly look more expensive. You might also like: [How to work out if you could profit from Palantirâs shares]( Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Bro Code&utm_campaign=daily-global-12-05-2021&utm_source=email) 2. Analyst Take Should You Bet Against Junk Bonds? Whatâs Going On Here? One manâs trash is another manâs treasure, and [junk bonds]( have certainly promised untold riches over the last twelve months. Now, though, some of [the worldâs biggest hedge funds]( seem to have smelled a rat. For one thing, the reward from junk bonds is [pretty low]( these days, with the influx of new investors pushing yields below 4% for the first time ever earlier this year. The risks, meanwhile, are [only growing](: company debt is at new highs, for one, making junk bonds vulnerable to any potential snag in the economic recovery. Thatâs why hedge funds have taken [their biggest short position]( on them since 2008, and itâs a bet you might want to replicate for yourself. So thatâs todayâs Insight: [how you can go about betting against junk bonds](. [Read or listen to the Insight here]( SPONSORED BY TURBOTAX Five days â and counting â until Tax Day If you did any investing in 2020, you probably have to report capital gains or losses on your taxes. [TurboTax Premier]( can help you figure out the tax implications of your investments and get ready for Tax Day, which is one week away. [Stocks](, [bonds](, [property](, [crypto](, and more: whatever kinds of investments youâve made, simple or complex, [TurboTax]( has your investment taxes covered. [TurboTax]( makes the tax filing process easier, plus it looks for more than [400 deductions and credits]( so you donât have to. Whether you want to do your taxes yourself or get expert help, you choose the way. Thatâs why more Americans use [TurboTax](: the smartest way to get your taxes done. [Visit TurboTax]( When you support our sponsors, you support us. Thanks for that. Cash Grab [Cash Grab] Whatâs Going On Here? You might want to double-check your bank statement if you have kids, because Roblox [posted]( strong quarterly earnings earlier this week on the back of a lot of in-game purchases⦠What Does This Mean? Roblox is every preteenâs go-to at the best of times, but it becomes a must-have when the real world is in lockdown. Thatâll be why the number of daily active users surged almost 80% last quarter compared to the same time last year, and why they played almost 10 billion hours on the platform overall. Plenty of users is all well and good, but investors are more interested in how successfully Roblox is monetizing them. Pretty successfully, it turns out: the amount of virtual currency â which users buy using, yâknow, real currencies â grew by an better-than-expected 46%, and investors sent the companyâs shares 6% higher.  Why Should I Care? For markets: Kids are hooked.
With the world opening back up again, investors mightâve been nervous that kids would start losing interest in the game. Roblox certainly was, acknowledging in March that hours spent on the platform could drop by as much as 11% this quarter. But the Ro-pioid addiction might well and truly have set in: even in less-restricted April, daily active users were up 37% compared to the same time last year. The bigger picture: This is a pause, not a game over.
Despite impressive earnings from Roblox this week and [Activision Blizzard]( last, a new [report]( suggests revenue in the global gaming market will actually drop off this year. But thatâs probably just down to last yearâs lockdown-driven boom, which saw revenue in the market grow by 23% compared to 2019. Things are expected to pick up again imminently, with the industry expected to grow 16% over the next two years. Thatâll mostly be driven by mobile gaming, but console games are expected to play their part too â especially when gamers are finally able to get their hands on [long-delayed consoles](. You might also like: [How to pick the best gaming stock in town.]( Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Cash Grab&utm_campaign=daily-global-12-05-2021&utm_source=email) ð¬ Quote of the day âIt isnât where you come from, itâs where youâre going that counts.â â Ella Fitzgerald (an American jazz singer) [Tweet this]( SPONSORED BY TURBOTAX How to maximize your investments Itâs Tax Day on Monday, so itâs a good thing you have [TurboTax Premier]( to help you file your investment taxes with confidence. You might be surprised how much you learn when you do â like how to [maximize your tax outcome]( and get every deduction you deserve. Thatâs the beauty of [TurboTax](: you donât need to be an expert or have any tax knowledge to [file your own taxes](. You can just answer [simple questions]( about your life, auto-import your tax documents (including your investment financial transactions), and leave [TurboTax]( to take care of all the rest. Itâs the smartest way to [get your taxes done](: just donât forget to do it by the tax deadline on May 17th. [Visit TurboTax]( When you support our sponsors, you support us. Thanks for that. ð What we're reading - Astronauts: the 2021 version ([GQ]()
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- An impossible school lunch ([Engadget]() When you support our sponsors, you support us. Thanks for that. ð Finimize Community ðº The revolution should be televised Green bonds could provide the solution to a more sustainable future â not to mention a more profitable one. So join us on May 19th for [The Green Bond Revolution](, and find out why all eyes should be on this brave new asset. âï¸ [How To Invest In Hot Commodities](: 6pm UK time, May 12th
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