|Bid||4,754.00 x 0|
|Ask||4,759.00 x 0|
|Day's Range||4,665.00 - 4,780.00|
|52 Week Range||3,943.00 - 5,259.00|
|Beta (5Y Monthly)||0.66|
|PE Ratio (TTM)||7.21|
|Earnings Date||Feb 10, 2022 - Feb 14, 2022|
|Forward Dividend & Yield||210.00 (4.49%)|
|Ex-Dividend Date||Mar 30, 2022|
|1y Target Est||5,255.00|
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(Bloomberg) -- After 30 years in Japan, former Goldman Sachs vice chair Kathy Matsui, known for research that shifted government policy on women at work, is starting a venture fund that could help put some of her ideas into practice.Matsui, who left Goldman Sachs Group Inc. at the end of 2020, has teamed up with three other experienced female financial executives to build a fund that aims to invest $150 million in sectors including health care, fintech, next-generation work and education, as well as the environment. The MPower Partners Fund, a rarity in Japan for its female leadership, will seek to secure high returns while imbuing startups with environmental, social and governance values, Matsui said.Kuroda Says BOJ Will Mull Climate in Monetary Policy Discussions“Our thesis is that for Japanese startups to really go global and to scale, one of the missing links is actually ESG,” she said in an interview last week. “We believe strongly that integrating ESG into their business strategies, good companies can become great companies and sustainably growing companies of the future.”Credited with coining the term “Womenomics,” Matsui published a series of reports over 20 years detailing the economic benefits of empowering women, as Japan’s labor force ages and shrinks. While former Prime Minister Shinzo Abe espoused her ideas, the country fell well short of a goal of having women in 30% of management positions by 2020, the year he stepped down. Japan ranked 120th in the World Economic Forum’s Gender Gap index for 2021.Japan’s venture investment market has expanded rapidly in recent years, but remains small by comparison with the U.S. and China, Matsui said. The new fund will aim to invest two thirds of its capital in growth to late-stage startups in Japan, she added, with the other third in early-stage startups overseas.The governance part of ESG can be interpreted to include things like ensuring diversity on corporate boards, something Japanese companies have often struggled to achieve. Women made up just 10.7% of board positions on the largest publicly listed companies in Japan in 2020, according to the Organisation for Economic Co-operation and Development, below the OECD average of 26.7%.According to Matsui, a “gap” in funding at the growth stage often prompts Japanese startups to go public on the Mothers section of the Tokyo Stock Exchange prematurely, which can limit their potential. Targeting businesses at this phase is also a chance to influence them more deeply.“Our hypothesis is, rather than try to change the ways of an adult or large company after they’ve gone public, let’s get proper ESG principles and values embedded into these organizations when they’re teenagers or children, before they go public,” Matsui said. “That should set the stage for longer-lasting and deeper integration.”The launch comes at a time of growth for ESG investment in Japan. Assets under management in Japanese ESG exchange-traded funds have risen to about $35 billion, compared with $24 billion at the start of 2020, according to Esther Tsang, an ESG analyst with Bloomberg Intelligence.Yumiko Murakami, previously head of the OECD Tokyo Centre who spent 20 years working for Goldman Sachs and Credit Suisse, is also a partner in the fund. The third partner is Miwa Seki, who had switched to university teaching and translating business best-sellers after a career in portfolio management and investment banking. Eriko Suzuki, who has worked for Morgan Stanley and UBS Securities, serves as managing director.MPower’s lead investors are Dai-ichi Life Insurance Co., Sompo Holdings Inc. and Sumitomo Mitsui Trust Group.Like Matsui, the daughter of a Japanese farmer who became a successful California flower wholesaler, Murakami comes from an entrepreneurial background. Her mother started a chain of pharmacies in rural Shimane prefecture at the age of 48, later selling out to a larger company. It wasn’t easy for a woman to get started decades ago.“My mother, in the countryside of Shimane, housewife, no one would make loans to her -- nobody,” Murakami said of the venture. “I’d like to change that with this fund.”More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Data-mining-software company Palantir Technologies (NYSE:PLTR) stock started trading on the Big Board on Sept. 30 following a direct public offering (DPO). In this direct listing, there were no new shares of Palantir stock offered. Instead, existing shareholders were allowed to sell their stocks to new investors. Source: Sundry Photography / Shutterstock.com The New York Stock Exchange initially set a reference price of $7.25 per share, but on its first trading day, Palantir stock opened at $10 and closed at $9.50. On Nov. 27, Palantir stock saw a record high $33.50 and are now flirting with $25.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Denver-based Palantir was founded in 2003 by a group of executives led by Peter Thiel, founder of PayPal (NASDAQ:PYPL). He was also one of the early backers of Facebook (NASDAQ:FB). Palantir’s initial works, especially with government agencies such as the Central Intelligence Agency (CIA), have been regarded as controversial and even secretive. Grading 10 of 2020's Hottest SPACs in Preparation for the New Year Today’s article looks at what investors can expect from the company. Although PLTR is relatively overvalued, those investors with a long-term horizon can regard any dip toward $22.5 or even below as an opportunity to go long PLTR stock. Here’s why. Government Contracts and Palantir Stock Since 2003, Palantir has expanded the customer base to other governments as private corporations. For instance in November 2019, Palantir and Japan based insurer Sompo (OTCMKTS:SMPNY) formed a joint venture together. Then in June 2020, they launched the “Real Data Platform for Security, Health and Wellbeing.” Recent academic research by Roxana Akhmetova of University of Oxford, claims the “partnership is problematic” because Thiel is a Trump adviser. In September, Palantir was awarded a $44.4 million worth, three-year contract by the U.S. Food and Drug Administration (FDA). It will provide data management and analytics services to the FDA’s Center for Drug Evaluation and Research (CDER), which focuses on potential new medicines. Beginning of December, Palantir announced a cooperation with the government of Greece. The country is working on improving its COVID-19 response efforts by integrating more data and analytics in the decision-making process. Recently, Palantir has developed a tool for the U.S. government for monitoring the manufacturing of coronavirus vaccines as well as their distribution. The UK National Health Service has also been working with Palantir. In the summer, CNBC reported, that Britain’s NHS gave Palantir access to millions of UK residents private personal data. Palantir recently signed a two-year contract with the NHS. It will now provide the organization a software platform for data processing. In fact, a recent company press release highlights, Palantir is “supporting a diverse range of institutions as they respond to the COVID-19 pandemic and adapt for the future.” How Palantir’s Recent Earnings Came In mid-November, Palantir released Q3 results. Revenue was $289.4 million, up 52% YoY. Net loss of $853.3 million translated into diluted net loss per share of 94 cents. As of Sept. 30, the total of cash and equivalents were $1.8 billion. Management raised full-year 2020 revenue guidance to a range of $1.070 billion to $1.072 billion, up 44% YoY. The company emphasized its international expansion in the quarterly statement. Co-founder and CEO Alexander C. Karp cited, “Sompo’s work is vital to Japan’s welfare and security, and Kengo Sakurada, the company’s group chief executive officer, has been a critical and trusted partner as we work with Sompo to expand our reach in Asia.” Palantir stock’s forward P/E, P/S, and P/B ratios are 208.33, 42.58, and 37.0 respectively. PLTR stock is frothy, even for a growth stocks that is able to get an important number of government contracts. Given the metrics, it is currently one of the most expensive software stocks on the Street. For instance, the trailing P/E and P/B ratios for the SPDR S&P Software & Services ETF (NYSEARCA:XSW) are 30.62 and 6.63. The Bottom Line Palantir is a growth stock and is likely to create shareholder value for many years to come. However, it is richly valued and expensive. Therefore long-term investors could consider buying the dips, especially if the price declines toward $22.50. Are you currently a shareholder? You may think of initiating a covered call position in PLTR stock. Then, you could possibly protect some of your paper profits. For example, an ATM covered call that expires on Jan. 15 would decrease portfolio volatility and offer some downside protection. Investors could also consider by an exchange-traded fund (ETF) that also holds Palantir stock in its portfolio. Examples include the Renaissance IPO ETF (NYSEARCA:IPO), the First Trust U.S. Equity Opportunities ETF (NYSEARCA:FPX), the Vanguard Mid-Cap ETF (NYSEARCA:VO), the ARK Next Generation Internet ETF (NYSEARCA:ARKW), or the BNY Mellon US Small Cap Core Equity ETF (NYSEARCA:BKSE). On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article. Tezcan Gecgil has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation and publishes educational content on investing. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner Radical New Battery Could Dismantle Oil Markets The post Palantir Stock Is Going to Give Ground Before It Moves Markedly Higher appeared first on InvestorPlace.