📊 Palantir vs Salesforce

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Happy Memorial Day Weekend!

Companies are making big bets on wearables as the next frontier in consumer tech.

A wave of headlines this week signaled growing momentum behind the space.

• On Tuesday, Google pledged up to $150M to develop AI-powered smart glasses with Warby Parker.

• A day later, OpenAI announced a $6.4B acquisition of AI device startup io, co-founded by a former Apple executive.

• Then on Thursday, Bloomberg reported that Apple plans to launch its own smart glasses by the end of 2026.

Across the board, major players are signaling that wearables are too important to ignore.

Some key data bites from this week that you should know:

• Best Fund Managers have been selling these 10 stocks.

• Oracle to purchase $40B of Nvidia chips for OpenAI’s US data center.

• Apple may need to pay a 25% tariff on iPhones not made in US.

• OnlyFans is exploring an $8B sale to investor group.

• Klarna now has 100M active customers using BNPL.

• AMD will sell ZT Systems’ server-manufacturing biz for $3B.

• Regeneron will acquire 23andMe for $256M.

• Blackstone will acquire TXNM Energy in an $11.5B deal.

• Spain has ordered Airbnb to withdraw more than 65,000 listings.

• Alphabet’s Waymo has reached 10M robotaxi trips.

• Tesla CFO got a $139M pay package in 2024.

• Apple supplier Foxconn will invest $1.5B in India unit.

• CoreWeave announced an oversubscribed $2B debt offering.

• Snowflake saw quarterly sales cross $1B for the first time ever.

• Home Depot saw revenue climb 9% to $39.9B.

• Brookfield expects to grow its India business to $100B in five years.

In today’s newsletter:

• 🐐 Most Valuable Soccer Teams

• 🥊 Palantir vs Salesforce

• 💾 UNH Has Imploded

• 🐭 Palo Alto Networks Growth

• ₿ Bitcoin Is Booming

Let’s jump right in.

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CNBC recently released its 2025 global soccer team valuations, and the numbers are striking.

• Real Madrid leads the pack at $6.7B, followed by Manchester United at $6B and Barcelona at $5.7B.

• Among the 25 most valuable teams, the average club is worth $2.76B, brings in $520M in annual revenue, and generates $54M in EBITDA.

Soccer franchises now rank ahead of MLB and NHL teams in value on average but still trail the NFL ($6.5B) and NBA ($4.7B).

Can anything stop Palantir?

With a $291B market cap, the company now ranks among the 32 most valuable globally, and stands alongside the biggest names in U.S. tech.

Shares are up 64% this year alone, as investor enthusiasm around its AI capabilities continues to grow.

But with that rise comes a sky-high valuation.

• Palantir trades at 168x forward earnings and 93x price-to-sales.

• For perspective, it's worth more than Salesforce while generating nearly 13x less revenue.

Shares are priced well beyond perfection, but many loyal investors remain confident in its role within the AI ecosystem.

The insurer just became the risk.

UnitedHealth Group recently plunged 52% in their steepest drawdown in five years.

• This has made it the worst performer in the Dow in 2025.

What triggered the recent collapse?

• CEO Andrew Witty abruptly stepped down, citing personal reasons. 

• Witty had led the company since 2021, and his sudden exit rattled investors.

• UnitedHealth also withdrew its financial outlook for the year, citing rising medical costs.

Then things got worse.

• Following all of these headlines, the WSJ reported the DOJ is investigating the company for possible criminal Medicare fraud.

Shares briefly plunged to $250 before rebounding slightly on insider buying.

• Five executives bought shares, including new CEO Stephen Hemsley, who purchased $25M worth of stock.

One of Nancy Pelosi’s favorite stocks reported earnings this past Tuesday.

Palo Alto Networks beat expectations for fiscal Q3 on both the top and bottom line.

• Adjusted EPS came in at $0.80 vs. $0.77 expected.

• Revenue climbed 15% YoY to $2.29B, ahead of analyst estimates.

Over the last twelve months, revenue reached $8.9B, growing at a 27% CAGR since Q1 2025.

For fiscal Q3, investors were disappointed to see that gross margins came in at 76%, falling short of the 77.2% estimate.

Like many high-growth software names, Palo Alto still carries a premium valuation, trading at 51x forward earnings and 14x price-to-sales.

Shares slipped 2% on the week.

Bitcoin just crossed a new all-time high, surging past $111,000.

• Its market cap now stands at $2.2T, putting it ahead of many giants like Amazon, Google, Meta, and Tesla.

The rise has been propelled by optimism around a proposed stablecoin bill in the Senate, backing from the Trump administration, and steady institutional buying.

Year to date, Bitcoin is up 16%, well ahead of the S&P 500’s 1% decline.

• It still lags behind Gold, which has climbed 26% over the same period.

• Over the past five years, however, Bitcoin has returned over 1,000%, easily making it the best performing asset during that time frame.

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_{This is a paid advertisement for Pacaso’s Regulation A offering. Please read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC.}

Notable Companies Reporting Earnings Week of May 25th, 2025:

Here’s what I will be watching this week:

• Tuesday: AutoZone $AZO, Okta $OKTA

• Wednesday: Nvidia $NVDA, Salesforce $CRM

• Thursday: Dell $DELL

EarningsHub helps me stay on top of earnings, forecasts, and AI-powered call recaps.

It’s free, and perfect if you want to track every major company reporting.

Buys

• Marjorie Taylor Greene (R)

  • Company: Unitedhealth Group ($UNH)

    • Amount Purchased: $16K - $65K

  • Company: MercadoLibre ($MELI)

    • Amount Purchased: $15K - $50K

Sells

• Jake Auchincloss (D)

  • Company: State Street Corporation ($STT)

    • Amount Sold: $15K - $50K

Buys

• Middleby Corp ($MIDD)

  • Insider: Edward Garden (Director)

    • # of Shares Purchased: 137,000

    • $ Amount: $20,279,599

    • SEC Forms: [1]

• Trimas Corporation ($TRS)

  • Insider: Shawn Sedaghat (Director)

    • # of Shares Purchased: 842,466

    • $ Amount: $21,494,419

    • SEC Forms: [1], [2]

Sells

• Palantir ($PLTR)

  • Insider: Alex Karp (CEO)

    • # of Shares Sold: 358,982

    • $ Amount: $45,373,012

    • SEC Forms: [1]

  • Insider: Stephen Andrew Cohen (Cofounder)

    • # of Shares Sold: 309,696

    • $ Amount: $39,143,579

    • SEC Forms: [1]

  • Insider: Shyam Sankar (CTO)

    • # of Shares Sold: 150,814

    • $ Amount: $19,061,918

    • SEC Forms: [1]

🤝 Review of the Week