逢場作戲又一日 personal page - To The Moon

逢場作戲又一日

逢場作戲又一日

imbackwithknifes-catchit

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逢場作戲又一日

08-27

. anyway just follow the trend

Apple: Why Buffett Might Be Right

逢場作戲又一日

08-23

$Palantir Technologies Inc.(PLTR)$ Take it easy. Let the profit run.

逢場作戲又一日

02-20

$Genting Sing(G13.SI)$ . Patient is the key of winning.

逢場作戲又一日

02-13

$Genting Sing(G13.SI)$ Get in . Spend time. I believe it will slow grow .

逢場作戲又一日

02-09

$Palantir Technologies Inc.(PLTR)$ That's the way . Aha aha .. I like it

逢場作戲又一日

02-07

$Palantir Technologies Inc.(PLTR)$ long wait. Not bad not bad

逢場作戲又一日

01-24

$Niu Technologies(NIU)$ How on earth make this possible! Can't believe

逢場作戲又一日

01-12

Leave a valid post . Good point

逢場作戲又一日

01-04

He was t campaign. Enjoy the game

逢場作戲又一日

2023-12-28

Hottest monopoly games. Have fun

@TigerEvents:🐅🌟 TIGER TYCOON CHALLENGE IS ON! 🌟🐅

逢場作戲又一日

2023-12-22

$IGG(00799)$ Buyback x Crash . Follow Banker

逢場作戲又一日

2023-12-21

Post tit . Get a chance la

逢場作戲又一日

2023-12-21

Power ! 7 in a row . Don't push too hard .

逢場作戲又一日

2023-12-19

$NVIDIA Corp(NVDA)$ 3rd times reach 500. tell me you are not at the top of the mountain. Gogogo

逢場作戲又一日

2023-12-19

Great news to know. Thanks

逢場作戲又一日

2023-12-12

$Apple(AAPL)$ New high gogogo

逢場作戲又一日

2023-12-11

$HAIDILAO(06862)$ trend not look good

逢場作戲又一日

2023-12-07

Greta. Happy to share

逢場作戲又一日

2023-12-05

Great ! Post it! Nice days

逢場作戲又一日

2023-12-01

RIP legend. Thank you for your advise.

Go to Tiger App to see more news

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anyway just follow the trend","listText":". anyway just follow the trend","text":". anyway just follow the trend","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342954887250136","repostId":"2462429926","repostType":2,"repost":{"id":"2462429926","kind":"highlight","pubTimestamp":1724727409,"share":"https://ttm.financial/m/news/2462429926?lang=&edition=fundamental","pubTime":"2024-08-27 10:56","market":"us","language":"en","title":"Apple: Why Buffett Might Be Right","url":"https://stock-news.laohu8.com/highlight/detail?id=2462429926","media":"seekingalpha","summary":"Apple's shares surged after the introduction of Apple Intelligence, but macro risks and Berkshire Hathaway's selling signal caution.Q3 showed revenue growth and strong performance in services, Mac, an","content":"<html><head></head><body><ul style=\"\"><li><p>Apple&#39;s shares surged after the introduction of Apple Intelligence, but macro risks and Berkshire Hathaway&#39;s selling signal caution.</p></li><li><p>Q3 showed revenue growth and strong performance in services, Mac, and iPad, but challenges in China and AI revenue potential remain.</p></li><li><p>Despite recent growth, Apple&#39;s stock is overvalued with little margin of safety, making it a HOLD at best at the current price.</p></li></ul><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bf19c4031ec7fcb6c671b889cc94a668\" tg-width=\"750\" tg-height=\"500\"/></p><p>gece33</p><p></p><p>For a long time, Apple (NASDAQ:AAPL) was struggling to revive growth as its revenues were declining last year, its advantage in the smartphone market was slowly waning, and its shares were struggling to establish a solid support level at above $200 per share. However, after the introduction of Apple Intelligence earlier this summer, the shares have jumped, while analysts began to raise the growth forecasts to reflect Apple’s entrance into the generative AI field.</p><p>The problem though is that after the recent run-up, Apple’s shares appear to offer little margin of safety, while macro risks continue to increase and the selling of shares by Warren Buffett’s Berkshire Hathaway (BRK.A)(BRK.B) doesn’t send a positive signal to the market. That’s why even though Apple’s entrance into the generative AI field is likely to be beneficial for the company, its stock is a HOLD at best at the current market price.</p><h2 id=\"id_4128084373\">Apple Makes A Comeback</h2><p>Back in June, I noted that while Apple’s entrance into the generative AI field has been met with excitement, the upside to the company’s shares could be limited due to the rising number of challenges that the business is facing. While Apple’s shares have appreciated by around 5% since that time, I still believe that further growth is not guaranteed. However, it would be foolish not to state that the company’s performance has indeed improved in recent quarters, and the recent quarter was not an exception.</p><p>If we look closely at the Q3 earnings report, which was released earlier this month, we’ll see that Apple’s revenues were $85.78 billion. That translates to a Y/Y growth rate of 4.87%, which is the highest annual growth rate in nearly two years.</p><p>The successful performance of Apple’s services business has been one of the most notable things that happened in Q3. During the quarter, the services revenues increased by 14% Y/Y to $24.2 billion, which is a new record for the company. By having over 1 billion paid subscriptions, it makes sense to assume that the services business will continue to be a major cash cow for Apple, since customers who use the company’s products have no other choice but to be a part of its ecosystem. That’s why it’s not a surprise that the management expects the services business to continue to grow at a double-digit rate.</p><p>It&#39;s also important to note that Apple’s Mac and iPad revenues were also up Y/Y primarily thanks to the recent launches of new laptops and tablets. With back-to-school season around the corner, Apple’s MacBooks and iPads will likely continue to be in high demand in Q4.</p><p>On top of all of that, some analysts believe that Apple will start charging up to $20 fee for the premium features of Apple Intelligence in the future. If true, this could help Apple create a new high-margin income stream in a relatively short time. By offering paid versions of their generative AI products, both OpenAI and Microsoft (MSFT) saw their revenues skyrocket recently. Apple could experience the same thing happening to it if enough of its customers opt in for Apple Intelligence’s paid features.</p><p>All of this points out the fact that Apple’s leadership team has finally found a way to revive growth, which was much needed after several quarters of Y/Y revenue declines in nearly two years. While Apple’s revenues are expected to increase by less than 2% this year, the upcoming release of the new iPhone, greater penetration of Apple Intelligence, and the potential increase in services sales, could indeed create a scenario under which the company’s revenues grow at top single-digit rates in FY25 and beyond. The street has already made dozens of upward revenue and earnings revisions in recent months, which is an indication that things are improving inside Apple.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b0409c641461bf3cf670461ae897990d\" tg-width=\"640\" tg-height=\"124\"/></p><p>Apple&#39;s Revisions (Seeking Alpha)</p><p></p><h2 id=\"id_1689660359\">The Growth Is Not Guaranteed</h2><p>Despite all of the growth opportunities described earlier in this article, Apple also continues to face several major challenges that could undermine its growth story. While some of the company’s businesses experienced major growth during the recent quarter, its iPhone sales declined from $39.67 billion in Q3’23 to $39.30 billion in Q3’24. The decline could be attributed to the company’s poor performance in China.</p><p>The latest earnings report showed that Apple’s sales in Greater China were down 6.5% Y/Y to $14.7 billion. What’s more is that the iPhone’s market share in China decreased to only 14%, while China’s phone markets such as Huawei, Xiaomi, and others experienced growth and improved their positions in the Chinese smartphone market. Considering the inability of the company to revive growth in China, there’s a risk that it would be harder for Apple to meet its goals and especially exceed expectations in the future.</p><p>At the same time, some investors might be disappointed about the potential revenues that Apple Intelligence will generate, since the company’s major generative AI tools are not expected to be released in China and Europe in the foreseeable future.</p><p>What’s more, is that the recent selling of shares by Warren Buffett’s Berkshire Hathaway is not sending a positive signal to the market. While Warren Buffett stated that Apple will remain in his portfolio and his firm currently owns about 400 million shares, he nevertheless sold over ~500 million shares in the first half of the year. This could be viewed by someone as the signal to also sell shares as the upside could be limited, especially after the recent rally.</p><p>Considering all of this, it seems that Apple’s stock also doesn’t provide enough margin of safety for investors at the current price. My DCF model from June showed that the company’s fair value is $176.30 per share. Given the successful performance in Q3, I made some upward revisions to the revenues and EBIT in the new model, which can be seen below.</p><p>The assumptions for revenues and EBIT in the new model closely align with the overall expectations for the following years. The expectations for other metrics in my model correlate with Apple’s historical performance. The WACC of 8% closely aligns with the market’s average cost of capital, while the terminal growth rate of 3% mirrors the average inflation and GDP growth rate.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/5e6cadf92dcc4fa7be44bb1f7b8812d0\" tg-width=\"640\" tg-height=\"317\"/></p><p>Apple&#39;s DCF Model (Historical Data: Seeking Alpha, Assumptions: Author)</p><p></p><p>Thanks to several upward revisions, the updated model shows that Apple’s fair value is $182.26 per share. While it’s slightly above the previous calculations, we nevertheless see that Apple remains overvalued at the current price and offers little margin of safety for investors.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a21d58cfb7102829aa297d63694cc979\" tg-width=\"640\" tg-height=\"137\"/></p><p>Apple&#39;s DCF Model (Historical Data: Seeking Alpha, Assumptions: Author)</p><p></p><p>While the company’s shares mostly were able to recover from the latest depreciation caused by the broader market selloff, it’s still hard to justify a long position at the current price. By trading at over 30 times its forward earnings and over 8 times its forward sales, it seems that it’s better to look for alternative investment elsewhere, especially since the China-related risks remain.</p><h2 id=\"id_4070538431\">The Bottom Line</h2><p>Apple is, without a doubt, a great company; but unfortunately, it trades at a relatively high price right now, which offers little margin of safety for investors. While it’s good to see the company returning to growth, Apple’s upside is likely to be limited due to the rising challenges that it faces, which could undermine its growth story. The fact that one of its biggest investors is selling his position also doesn’t send a positive signal to the market. That’s why at this stage Apple is only a HOLD for me as it’s likely that its shares will trade in-line with the rest of the market until the release of the Q4 earnings report in November.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Why Buffett Might Be Right</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Why Buffett Might Be Right\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-27 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4717194-apple-why-buffett-might-be-right><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple's shares surged after the introduction of Apple Intelligence, but macro risks and Berkshire Hathaway's selling signal caution.Q3 showed revenue growth and strong performance in services, Mac, ...</p>\n\n<a href=\"https://seekingalpha.com/article/4717194-apple-why-buffett-might-be-right\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","BK4548":"巴美列捷福持仓","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","BK4516":"特朗普概念","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","IE00B4YYXB79.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","BK4567":"ESG概念","BK4585":"ETF&股票定投概念","BK4576":"AR","IE00BN8TJ469.HKD":"FTGF CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A\" (HKD) INC","LU0056508442.USD":"贝莱德世界科技基金A2","BK4575":"芯片概念","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4525":"远程办公概念","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","BRK.A":"伯克希尔","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4577":"网络游戏","BRK.B":"伯克希尔B","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","IE00BDRTCR15.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC A","BK4538":"云计算","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","BK4503":"景林资产持仓","BK4574":"无人驾驶","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4717194-apple-why-buffett-might-be-right","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2462429926","content_text":"Apple's shares surged after the introduction of Apple Intelligence, but macro risks and Berkshire Hathaway's selling signal caution.Q3 showed revenue growth and strong performance in services, Mac, and iPad, but challenges in China and AI revenue potential remain.Despite recent growth, Apple's stock is overvalued with little margin of safety, making it a HOLD at best at the current price.gece33For a long time, Apple (NASDAQ:AAPL) was struggling to revive growth as its revenues were declining last year, its advantage in the smartphone market was slowly waning, and its shares were struggling to establish a solid support level at above $200 per share. However, after the introduction of Apple Intelligence earlier this summer, the shares have jumped, while analysts began to raise the growth forecasts to reflect Apple’s entrance into the generative AI field.The problem though is that after the recent run-up, Apple’s shares appear to offer little margin of safety, while macro risks continue to increase and the selling of shares by Warren Buffett’s Berkshire Hathaway (BRK.A)(BRK.B) doesn’t send a positive signal to the market. That’s why even though Apple’s entrance into the generative AI field is likely to be beneficial for the company, its stock is a HOLD at best at the current market price.Apple Makes A ComebackBack in June, I noted that while Apple’s entrance into the generative AI field has been met with excitement, the upside to the company’s shares could be limited due to the rising number of challenges that the business is facing. While Apple’s shares have appreciated by around 5% since that time, I still believe that further growth is not guaranteed. However, it would be foolish not to state that the company’s performance has indeed improved in recent quarters, and the recent quarter was not an exception.If we look closely at the Q3 earnings report, which was released earlier this month, we’ll see that Apple’s revenues were $85.78 billion. That translates to a Y/Y growth rate of 4.87%, which is the highest annual growth rate in nearly two years.The successful performance of Apple’s services business has been one of the most notable things that happened in Q3. During the quarter, the services revenues increased by 14% Y/Y to $24.2 billion, which is a new record for the company. By having over 1 billion paid subscriptions, it makes sense to assume that the services business will continue to be a major cash cow for Apple, since customers who use the company’s products have no other choice but to be a part of its ecosystem. That’s why it’s not a surprise that the management expects the services business to continue to grow at a double-digit rate.It's also important to note that Apple’s Mac and iPad revenues were also up Y/Y primarily thanks to the recent launches of new laptops and tablets. With back-to-school season around the corner, Apple’s MacBooks and iPads will likely continue to be in high demand in Q4.On top of all of that, some analysts believe that Apple will start charging up to $20 fee for the premium features of Apple Intelligence in the future. If true, this could help Apple create a new high-margin income stream in a relatively short time. By offering paid versions of their generative AI products, both OpenAI and Microsoft (MSFT) saw their revenues skyrocket recently. Apple could experience the same thing happening to it if enough of its customers opt in for Apple Intelligence’s paid features.All of this points out the fact that Apple’s leadership team has finally found a way to revive growth, which was much needed after several quarters of Y/Y revenue declines in nearly two years. While Apple’s revenues are expected to increase by less than 2% this year, the upcoming release of the new iPhone, greater penetration of Apple Intelligence, and the potential increase in services sales, could indeed create a scenario under which the company’s revenues grow at top single-digit rates in FY25 and beyond. The street has already made dozens of upward revenue and earnings revisions in recent months, which is an indication that things are improving inside Apple.Apple's Revisions (Seeking Alpha)The Growth Is Not GuaranteedDespite all of the growth opportunities described earlier in this article, Apple also continues to face several major challenges that could undermine its growth story. While some of the company’s businesses experienced major growth during the recent quarter, its iPhone sales declined from $39.67 billion in Q3’23 to $39.30 billion in Q3’24. The decline could be attributed to the company’s poor performance in China.The latest earnings report showed that Apple’s sales in Greater China were down 6.5% Y/Y to $14.7 billion. What’s more is that the iPhone’s market share in China decreased to only 14%, while China’s phone markets such as Huawei, Xiaomi, and others experienced growth and improved their positions in the Chinese smartphone market. Considering the inability of the company to revive growth in China, there’s a risk that it would be harder for Apple to meet its goals and especially exceed expectations in the future.At the same time, some investors might be disappointed about the potential revenues that Apple Intelligence will generate, since the company’s major generative AI tools are not expected to be released in China and Europe in the foreseeable future.What’s more, is that the recent selling of shares by Warren Buffett’s Berkshire Hathaway is not sending a positive signal to the market. While Warren Buffett stated that Apple will remain in his portfolio and his firm currently owns about 400 million shares, he nevertheless sold over ~500 million shares in the first half of the year. This could be viewed by someone as the signal to also sell shares as the upside could be limited, especially after the recent rally.Considering all of this, it seems that Apple’s stock also doesn’t provide enough margin of safety for investors at the current price. My DCF model from June showed that the company’s fair value is $176.30 per share. Given the successful performance in Q3, I made some upward revisions to the revenues and EBIT in the new model, which can be seen below.The assumptions for revenues and EBIT in the new model closely align with the overall expectations for the following years. The expectations for other metrics in my model correlate with Apple’s historical performance. The WACC of 8% closely aligns with the market’s average cost of capital, while the terminal growth rate of 3% mirrors the average inflation and GDP growth rate.Apple's DCF Model (Historical Data: Seeking Alpha, Assumptions: Author)Thanks to several upward revisions, the updated model shows that Apple’s fair value is $182.26 per share. While it’s slightly above the previous calculations, we nevertheless see that Apple remains overvalued at the current price and offers little margin of safety for investors.Apple's DCF Model (Historical Data: Seeking Alpha, Assumptions: Author)While the company’s shares mostly were able to recover from the latest depreciation caused by the broader market selloff, it’s still hard to justify a long position at the current price. By trading at over 30 times its forward earnings and over 8 times its forward sales, it seems that it’s better to look for alternative investment elsewhere, especially since the China-related risks remain.The Bottom LineApple is, without a doubt, a great company; but unfortunately, it trades at a relatively high price right now, which offers little margin of safety for investors. While it’s good to see the company returning to growth, Apple’s upside is likely to be limited due to the rising challenges that it faces, which could undermine its growth story. The fact that one of its biggest investors is selling his position also doesn’t send a positive signal to the market. That’s why at this stage Apple is only a HOLD for me as it’s likely that its shares will trade in-line with the rest of the market until the release of the Q4 earnings report in November.","news_type":1},"isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341301019492584,"gmtCreate":1724347315435,"gmtModify":1724347319588,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a><v-v data-views=\"1\"></v-v> Take it easy. Let the profit run.&nbsp;","listText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a><v-v data-views=\"1\"></v-v> Take it easy. Let the profit run.&nbsp;","text":"$Palantir Technologies Inc.(PLTR)$ Take it easy. Let the profit run.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341301019492584","isVote":1,"tweetType":1,"viewCount":325,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":275865043316984,"gmtCreate":1708388730910,"gmtModify":1708388734641,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/G13.SI\">$Genting Sing(G13.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>. Patient is the key of winning.&nbsp;","listText":"<a href=\"https://ttm.financial/S/G13.SI\">$Genting Sing(G13.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>. Patient is the key of winning.&nbsp;","text":"$Genting Sing(G13.SI)$ . Patient is the key of winning.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/275865043316984","isVote":1,"tweetType":1,"viewCount":399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":273474488664128,"gmtCreate":1707804163718,"gmtModify":1707804166283,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/G13.SI\">$Genting Sing(G13.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v> Get in . Spend time. I believe it will slow grow .&nbsp;","listText":"<a href=\"https://ttm.financial/S/G13.SI\">$Genting Sing(G13.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v> Get in . Spend time. I believe it will slow grow .&nbsp;","text":"$Genting Sing(G13.SI)$ Get in . Spend time. I believe it will slow grow .","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/273474488664128","isVote":1,"tweetType":1,"viewCount":384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":271886585036912,"gmtCreate":1707416342376,"gmtModify":1707416345425,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a> That's the way . Aha aha .. I like it&nbsp;","listText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a> That's the way . Aha aha .. I like it&nbsp;","text":"$Palantir Technologies Inc.(PLTR)$ That's the way . Aha aha .. I like it","images":[{"img":"https://community-static.tradeup.com/news/d6074b5a1ec24f61b122eaa7c4299939","width":"1092","height":"1717"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/271886585036912","isVote":1,"tweetType":1,"viewCount":440,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":271339799953656,"gmtCreate":1707282862461,"gmtModify":1707282866014,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a><v-v data-views=\"1\"></v-v> long wait. Not bad not bad&nbsp;","listText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a><v-v data-views=\"1\"></v-v> long wait. Not bad not bad&nbsp;","text":"$Palantir Technologies Inc.(PLTR)$ long wait. Not bad not bad","images":[{"img":"https://community-static.tradeup.com/news/c75fbab3d87174f8f0254c370b024d57","width":"1092","height":"1717"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/271339799953656","isVote":1,"tweetType":1,"viewCount":706,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4170461950892432","authorId":"4170461950892432","name":"Lisa876","avatar":"https://community-static.tradeup.com/news/df8814b7f833461c23f0a58acf3d9f2f","crmLevel":1,"crmLevelSwitch":0,"idStr":"4170461950892432","authorIdStr":"4170461950892432"},"content":"It seems that you know a lot about this knowledge. I hope we have another chance to discuss more knowledge together","text":"It seems that you know a lot about this knowledge. I hope we have another chance to discuss more knowledge together","html":"It seems that you know a lot about this knowledge. I hope we have another chance to discuss more knowledge together"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":266449881141256,"gmtCreate":1706086762531,"gmtModify":1706086765952,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NIU\">$Niu Technologies(NIU)$</a> How on earth make this possible! Can't believe&nbsp;","listText":"<a href=\"https://ttm.financial/S/NIU\">$Niu Technologies(NIU)$</a> How on earth make this possible! Can't believe&nbsp;","text":"$Niu Technologies(NIU)$ How on earth make this possible! Can't believe","images":[{"img":"https://community-static.tradeup.com/news/8434a58c8a848a90ebfe4382d4512be2","width":"1290","height":"2460"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/266449881141256","isVote":1,"tweetType":1,"viewCount":841,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"content":"Dont see the future . Another cheap poke.","text":"Dont see the future . Another cheap poke.","html":"Dont see the future . Another cheap poke."}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":262195338912040,"gmtCreate":1705047442537,"gmtModify":1705047446742,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"Leave a valid post . Good point&nbsp;","listText":"Leave a valid post . Good point&nbsp;","text":"Leave a valid post . Good point","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/262195338912040","isVote":1,"tweetType":1,"viewCount":431,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":259346854056008,"gmtCreate":1704329676339,"gmtModify":1704329680308,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"He was t campaign. Enjoy the game&nbsp;","listText":"He was t campaign. Enjoy the game&nbsp;","text":"He was t campaign. Enjoy the game","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/259346854056008","isVote":1,"tweetType":1,"viewCount":568,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":256888334438592,"gmtCreate":1703750775580,"gmtModify":1703750780134,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"Hottest monopoly games. Have fun&nbsp;","listText":"Hottest monopoly games. Have fun&nbsp;","text":"Hottest monopoly games. Have fun","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/256888334438592","repostId":"248312805347464","repostType":1,"repost":{"id":248312805347464,"gmtCreate":1701660745864,"gmtModify":1703059991513,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667667103859","authorIdStr":"3527667667103859"},"themes":[],"title":"🐅🌟 TIGER TYCOON CHALLENGE IS ON! 🌟🐅","htmlText":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct &amp; Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. Fastest finge","listText":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct &amp; Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. Fastest finge","text":"Hey Tycoons! 🎩💼 Ready to embark on the adventure of a lifetime? Introducing the Tiger Tycoon Challenge – where fortunes are made, and USD 888 worth of prizes await the boldest players! 🏰🌈🎯 Objective: Build your empire, score big points, and unlock fabulous rewards!💰 Gold Rush: Grab those shiny gold coins every time you pass by it! Cha-ching! 💰💵🏠 Construct & Conquer: Step on an empty tile to construct a building to gain points! 🏰🏆 Prizes Galore: Hit the prize tile to claim your treasure – it could be anything! 🎁✨🔄 Lucky Draw: Land on the draw tile and brace yourself! You might move forward, backward, or even unlock a secret power! 🔄🔮🚀 Airdrop Alert: Keep your eyes on the sky! Periodically, the Tiger Tycoon map will rain down special rewards like stocks, vouchers, and more. Fastest finge","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/248312805347464","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":502,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":254826404421896,"gmtCreate":1703226984100,"gmtModify":1703226986663,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/00799\">$IGG(00799)$&nbsp;</a>Buyback x Crash . Follow Banker&nbsp;","listText":"<a href=\"https://ttm.financial/S/00799\">$IGG(00799)$&nbsp;</a>Buyback x Crash . Follow Banker&nbsp;","text":"$IGG(00799)$ Buyback x Crash . Follow Banker","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/254826404421896","isVote":1,"tweetType":1,"viewCount":349,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":254412029866024,"gmtCreate":1703148949710,"gmtModify":1703150860580,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"Post tit . Get a chance la&nbsp;","listText":"Post tit . Get a chance la&nbsp;","text":"Post tit . Get a chance la","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/254412029866024","isVote":1,"tweetType":1,"viewCount":571,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":254167538037024,"gmtCreate":1703089277822,"gmtModify":1703089301835,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"Power ! 7 in a row . Don't push too hard .&nbsp;","listText":"Power ! 7 in a row . Don't push too hard .&nbsp;","text":"Power ! 7 in a row . Don't push too hard .","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/254167538037024","isVote":1,"tweetType":1,"viewCount":336,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":253638510661912,"gmtCreate":1702942698339,"gmtModify":1702942702462,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v>3rd times reach 500. tell me you are not at the top of the mountain. Gogogo","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v>3rd times reach 500. tell me you are not at the top of the mountain. Gogogo","text":"$NVIDIA Corp(NVDA)$ 3rd times reach 500. tell me you are not at the top of the mountain. Gogogo","images":[{"img":"https://community-static.tradeup.com/news/4aa46e744d99399208a7659aa921f213","width":"1290","height":"2067"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/253638510661912","isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":253559330824328,"gmtCreate":1702923157139,"gmtModify":1702923162330,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"Great news to know. Thanks&nbsp;","listText":"Great news to know. Thanks&nbsp;","text":"Great news to know. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/253559330824328","isVote":1,"tweetType":1,"viewCount":645,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":251140154294488,"gmtCreate":1702321828813,"gmtModify":1702321831862,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a><v-v data-views=\"1\"></v-v>New high gogogo","listText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a><v-v data-views=\"1\"></v-v>New high gogogo","text":"$Apple(AAPL)$ New high gogogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/251140154294488","isVote":1,"tweetType":1,"viewCount":73,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":250958284423400,"gmtCreate":1702277438067,"gmtModify":1702277440693,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/06862\">$HAIDILAO(06862)$&nbsp;</a><v-v data-views=\"0\"></v-v>trend not look good&nbsp;","listText":"<a href=\"https://ttm.financial/S/06862\">$HAIDILAO(06862)$&nbsp;</a><v-v data-views=\"0\"></v-v>trend not look good&nbsp;","text":"$HAIDILAO(06862)$ trend not look good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/250958284423400","isVote":1,"tweetType":1,"viewCount":275,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":249197374119976,"gmtCreate":1701879639336,"gmtModify":1701879643507,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"Greta. Happy to share","listText":"Greta. Happy to share","text":"Greta. Happy to share","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/249197374119976","isVote":1,"tweetType":1,"viewCount":146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":248616615137280,"gmtCreate":1701735501838,"gmtModify":1701735506017,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"Great ! Post it! Nice days","listText":"Great ! Post it! Nice days","text":"Great ! Post it! Nice days","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/248616615137280","isVote":1,"tweetType":1,"viewCount":256,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":247101475725608,"gmtCreate":1701365434814,"gmtModify":1701365439675,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"RIP legend. Thank you for your advise.&nbsp;","listText":"RIP legend. Thank you for your advise.&nbsp;","text":"RIP legend. Thank you for your advise.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/247101475725608","isVote":1,"tweetType":1,"viewCount":271,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":266449881141256,"gmtCreate":1706086762531,"gmtModify":1706086765952,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NIU\">$Niu Technologies(NIU)$</a> How on earth make this possible! Can't believe&nbsp;","listText":"<a href=\"https://ttm.financial/S/NIU\">$Niu Technologies(NIU)$</a> How on earth make this possible! Can't believe&nbsp;","text":"$Niu Technologies(NIU)$ How on earth make this possible! Can't believe","images":[{"img":"https://community-static.tradeup.com/news/8434a58c8a848a90ebfe4382d4512be2","width":"1290","height":"2460"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/266449881141256","isVote":1,"tweetType":1,"viewCount":841,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"content":"Dont see the future . Another cheap poke.","text":"Dont see the future . Another cheap poke.","html":"Dont see the future . Another cheap poke."}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":250958284423400,"gmtCreate":1702277438067,"gmtModify":1702277440693,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/06862\">$HAIDILAO(06862)$&nbsp;</a><v-v data-views=\"0\"></v-v>trend not look good&nbsp;","listText":"<a href=\"https://ttm.financial/S/06862\">$HAIDILAO(06862)$&nbsp;</a><v-v data-views=\"0\"></v-v>trend not look good&nbsp;","text":"$HAIDILAO(06862)$ trend not look good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/250958284423400","isVote":1,"tweetType":1,"viewCount":275,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941586304,"gmtCreate":1680427767708,"gmtModify":1680427771317,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":34,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941586304","repostId":"1128413118","repostType":2,"repost":{"id":"1128413118","kind":"news","pubTimestamp":1680397916,"share":"https://ttm.financial/m/news/1128413118?lang=&edition=fundamental","pubTime":"2023-04-02 09:11","market":"us","language":"en","title":"Buy/Sell: Wall Street's Top 10 Stock Calls This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1128413118","media":"The Fly","summary":"Wall Street experts reveal the five stocks to buy, five stocks to sell this weekWhat has Wall Street","content":"<html><head></head><body><p>Wall Street experts reveal the five stocks to buy, five stocks to sell this week</p><p>What has Wall Street been buzzing about this week? Here are the top 5 Buy calls and the top 5 Sell calls made by Wall Street’s best analysts during the week of March 27-March 31.<br/><br/><strong>Top 5 Buy Calls:</strong></p><p><strong>Walmart upgraded to Outperform from In Line at Evercore ISI</strong></p><p>Evercore ISI upgraded Walmart (WMT)  to Outperform from In Line with a price target of $160, up from $145. The pivot to omnichannel, divesting of non-core assets and investments in productivity have positioned the company for traffic and margin upside over the next two years, the firm tells investors in a research note. Walmart&#39;s traffic turn &#34;appears to be building&#34; with consumers across the demographic spectrum making wallet allocation choices, the firm contends.</p><p><strong>Susquehanna upgrades Roku to Positive on attractive risk/reward</strong></p><p>Susquehanna upgraded Roku (ROKU) to Positive from Neutral with a $75 price target. Despite &#34;near-term noise,&#34; the long-term connected TV opportunity remains intact and Roku will be a &#34;prime beneficiary of the secular shift of linear budgets,&#34; the firm tells investors in a research note. Susquehanna believes the scatter market likely bottomed in late Q4, with improvement building through Q1. Beyond scatter, the firm&#39;s checks indicate that the broader connected TV market is &#34;generally healthy and should see a tailwind from the upfronts.&#34; It believes Roku is beta testing opportunities to bring more third-party digital service provider buying to its demand-constrained platform, and views this as a &#34;potential source of incremental high margin revenue.&#34; Susquehanna sees an attractive risk/reward at current valuation levels.</p><p><strong>Melius starts UPS with a Buy, sees company better set up for downturn</strong></p><p>Melius Research initiated coverage of UPS (UPS) with a Buy rating and $225 two-year price target. FedEx (FDX) and UPS were natural pandemic winners, but with the pandemic tailwinds subsiding, &#34;the companies find themselves at two different points on a similar path,&#34; Melius argues. UPS management has spent the past several years minimizing cyclicality in the business and driving higher pre-tax margins, notes the firm, who adds that the focus now is to lean into the customer experience and roll out digital capabilities to drive further productivity and leverage. Changes at UPS allow for the network to flex up and down based on the environment, which &#34;should allow for margins to hold up better during a downturn than in the past,&#34; Melius contends.</p><p><strong>Lululemon upgraded to Buy from Neutral at Citi </strong></p><p>Citi upgraded Lululemon Athletica (LULU) to Buy from Neutral with a price target of $440, up from $350. The firm liked the stock going into the Q4 report and feels even better following the results and fiscal 2023 outlook. Lululemon&#39;s inventory-to-sales gap is better than expected with a pathway to further improvement, and the company is seeing no signs of a sales slowdown with Q1 trends starting stronger than expected, Citi tells investors in a research note. Further, the company&#39;s China growth is poised to &#34;rapidly accelerate&#34; in fiscal 2023 and become a much more meaningful long-term driver, says the firm. It models 20%-plus earnings growth annually through fiscal 2027 as Lululemon &#34;unlocks its global growth potential.&#34; CIti adds that shares are Lululemon are more cheaply valued than Nike (NKE).</p><p><strong>Erste Group upgrades Adobe to Buy on revenue, profit growth</strong></p><p>Erste Group upgraded Adobe (ADBE) to Buy from Hold. Adobe is again forecasting revenue and profit growth for this fiscal year and while the company has a &#34;much higher&#34; return on equity and operating margin than its peer group, the stock is valued significantly lower than the peer average, the firm tells investors.</p><p><br/><strong>Top 5 Sell Calls:</strong></p><p><strong>Foot Locker downgraded to Sell at UBS on softlines bearishness</strong></p><p>UBS downgraded Foot Locker (FL) to Sell from Neutral with a price target of $30, down from $36. The firm has become &#34;increasingly bearish&#34; on softlines stocks and reduced its calendar 2023 EPS estimates across its coverage by 10%, on average. Its 2023 EPS estimates are now 13% below consensus for the average stock in its coverage in the space, UBS noted.</p><p><strong>Caterpillar downgraded to Underperform from Neutral at Baird</strong></p><p>Baird downgraded Caterpillar (CAT) to Underperform from Neutral with a price target of $185, down from $230. The firm sees rising risks for rental and construction equipment makers. A 2024 slowdown in U.S. nonresidential construction was already on the horizon but now is increasingly likely given ongoing regional bank &#34;turmoil and their sizable participation in commercial construction lending,&#34; Baird tells investors in a research note. For equipment makers, backlogs and price/cost tailwinds are peaking, and there is potential for inventory builds in the second half of 2023 pressuring near-term valuation multiples and eventually 2024 production and earnings, contends the firm. It believes Caterpillar shares are &#34;nearing a cyclical pivot point.&#34;</p><p><strong>Medtronic assumed with a Sell, $79 price target at UBS</strong></p><p>Medtronic&#39;s (MDT) stock coverage was assumed with a Sell rating and $79 price target at UBS as part of a sector note on U.S. Medical Supplies and Devices. The firm lacks conviction that Medtronic can return to sustainable mid-single-digit top-line growth and drive consistent operating margin upside. Potential resolution of the outstanding Diabetes Warning Letter could be a positive catalyst for the stock, but UBS sees Medtronic at best stemming recent share loss in Diabetes even with new product launches.</p><p><strong>UBS bearish on  Zimmer Biomet, initiates with a Sell</strong></p><p>UBS initiated coverage of Zimmer Biomet (ZBH) with a Sell rating and $112 price target as part of a sector note on U.S. Medical Supplies and Devices. The firm models Zimmer&#39;s 2022-2027 sales CAGR at 3.5%, with Zimmer delivering sub-4% organic growth each year. While Zimmer has positive product cycles, UBS sees these as merely stemming share losses vs. driving sales gains.</p><p><strong>Citi downgrades Ollie&#39;s to Sell, sees 2023 earnings falling short</strong></p><p>Citi downgraded Ollie&#39;s Bargain Outlet (OLLI) to Sell from Neutral with a price target of $49, down from $52. Even through the company&#39;s comp sales beat in Q4, merchandise margin dollars came in weaker than expected and implied guidance, the firm tells investors in a research note. Ollie&#39;s has a difficult model to scale and its supply chain has been choppy for years, says Citi. It views the company&#39;s free cash flow as &#34;uninspiring with little improvement expected&#34; and believes &#34;several aggressive assumptions&#34; are built into its fiscal 2023 guidance, including an acceleration in new store productivity and no assumed increase in promotions. The firm does not believe 2023 &#34;will be a smooth year,&#34; and thinks Ollie&#39;s earnings are likely to fall short of plan. Citi views the company&#39;s guidance as a &#34;stretch.&#34;</p></body></html>","source":"lsy1649979459173","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy/Sell: Wall Street's Top 10 Stock Calls This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy/Sell: Wall Street's Top 10 Stock Calls This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-02 09:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thefly.com/landingPageNews.php?id=3688837&headline=WMT;ROKU;UPS;LULU;ADBE;FL;CAT;MDT;ZBH;OLLI;FDX;NKE-BuySell-Wall-Streets-top--stock-calls-this-week&utm_source=https://thefly.com/&utm_medium=referral&utm_campaign=referral_traffic><strong>The Fly</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street experts reveal the five stocks to buy, five stocks to sell this weekWhat has Wall Street been buzzing about this week? Here are the top 5 Buy calls and the top 5 Sell calls made by Wall ...</p>\n\n<a href=\"https://thefly.com/landingPageNews.php?id=3688837&headline=WMT;ROKU;UPS;LULU;ADBE;FL;CAT;MDT;ZBH;OLLI;FDX;NKE-BuySell-Wall-Streets-top--stock-calls-this-week&utm_source=https://thefly.com/&utm_medium=referral&utm_campaign=referral_traffic\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WMT":"沃尔玛","FL":"富乐客","UPS":"联合包裹","MDT":"美敦力","ADBE":"Adobe","LULU":"lululemon athletica","ROKU":"Roku Inc","CAT":"卡特彼勒","OLLI":"Ollie's Bargain Outlet Holdings, Inc.","ZBH":"齐默巴奥米特控股"},"source_url":"https://thefly.com/landingPageNews.php?id=3688837&headline=WMT;ROKU;UPS;LULU;ADBE;FL;CAT;MDT;ZBH;OLLI;FDX;NKE-BuySell-Wall-Streets-top--stock-calls-this-week&utm_source=https://thefly.com/&utm_medium=referral&utm_campaign=referral_traffic","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128413118","content_text":"Wall Street experts reveal the five stocks to buy, five stocks to sell this weekWhat has Wall Street been buzzing about this week? Here are the top 5 Buy calls and the top 5 Sell calls made by Wall Street’s best analysts during the week of March 27-March 31.Top 5 Buy Calls:Walmart upgraded to Outperform from In Line at Evercore ISIEvercore ISI upgraded Walmart (WMT)  to Outperform from In Line with a price target of $160, up from $145. The pivot to omnichannel, divesting of non-core assets and investments in productivity have positioned the company for traffic and margin upside over the next two years, the firm tells investors in a research note. Walmart's traffic turn \"appears to be building\" with consumers across the demographic spectrum making wallet allocation choices, the firm contends.Susquehanna upgrades Roku to Positive on attractive risk/rewardSusquehanna upgraded Roku (ROKU) to Positive from Neutral with a $75 price target. Despite \"near-term noise,\" the long-term connected TV opportunity remains intact and Roku will be a \"prime beneficiary of the secular shift of linear budgets,\" the firm tells investors in a research note. Susquehanna believes the scatter market likely bottomed in late Q4, with improvement building through Q1. Beyond scatter, the firm's checks indicate that the broader connected TV market is \"generally healthy and should see a tailwind from the upfronts.\" It believes Roku is beta testing opportunities to bring more third-party digital service provider buying to its demand-constrained platform, and views this as a \"potential source of incremental high margin revenue.\" Susquehanna sees an attractive risk/reward at current valuation levels.Melius starts UPS with a Buy, sees company better set up for downturnMelius Research initiated coverage of UPS (UPS) with a Buy rating and $225 two-year price target. FedEx (FDX) and UPS were natural pandemic winners, but with the pandemic tailwinds subsiding, \"the companies find themselves at two different points on a similar path,\" Melius argues. UPS management has spent the past several years minimizing cyclicality in the business and driving higher pre-tax margins, notes the firm, who adds that the focus now is to lean into the customer experience and roll out digital capabilities to drive further productivity and leverage. Changes at UPS allow for the network to flex up and down based on the environment, which \"should allow for margins to hold up better during a downturn than in the past,\" Melius contends.Lululemon upgraded to Buy from Neutral at Citi Citi upgraded Lululemon Athletica (LULU) to Buy from Neutral with a price target of $440, up from $350. The firm liked the stock going into the Q4 report and feels even better following the results and fiscal 2023 outlook. Lululemon's inventory-to-sales gap is better than expected with a pathway to further improvement, and the company is seeing no signs of a sales slowdown with Q1 trends starting stronger than expected, Citi tells investors in a research note. Further, the company's China growth is poised to \"rapidly accelerate\" in fiscal 2023 and become a much more meaningful long-term driver, says the firm. It models 20%-plus earnings growth annually through fiscal 2027 as Lululemon \"unlocks its global growth potential.\" CIti adds that shares are Lululemon are more cheaply valued than Nike (NKE).Erste Group upgrades Adobe to Buy on revenue, profit growthErste Group upgraded Adobe (ADBE) to Buy from Hold. Adobe is again forecasting revenue and profit growth for this fiscal year and while the company has a \"much higher\" return on equity and operating margin than its peer group, the stock is valued significantly lower than the peer average, the firm tells investors.Top 5 Sell Calls:Foot Locker downgraded to Sell at UBS on softlines bearishnessUBS downgraded Foot Locker (FL) to Sell from Neutral with a price target of $30, down from $36. The firm has become \"increasingly bearish\" on softlines stocks and reduced its calendar 2023 EPS estimates across its coverage by 10%, on average. Its 2023 EPS estimates are now 13% below consensus for the average stock in its coverage in the space, UBS noted.Caterpillar downgraded to Underperform from Neutral at BairdBaird downgraded Caterpillar (CAT) to Underperform from Neutral with a price target of $185, down from $230. The firm sees rising risks for rental and construction equipment makers. A 2024 slowdown in U.S. nonresidential construction was already on the horizon but now is increasingly likely given ongoing regional bank \"turmoil and their sizable participation in commercial construction lending,\" Baird tells investors in a research note. For equipment makers, backlogs and price/cost tailwinds are peaking, and there is potential for inventory builds in the second half of 2023 pressuring near-term valuation multiples and eventually 2024 production and earnings, contends the firm. It believes Caterpillar shares are \"nearing a cyclical pivot point.\"Medtronic assumed with a Sell, $79 price target at UBSMedtronic's (MDT) stock coverage was assumed with a Sell rating and $79 price target at UBS as part of a sector note on U.S. Medical Supplies and Devices. The firm lacks conviction that Medtronic can return to sustainable mid-single-digit top-line growth and drive consistent operating margin upside. Potential resolution of the outstanding Diabetes Warning Letter could be a positive catalyst for the stock, but UBS sees Medtronic at best stemming recent share loss in Diabetes even with new product launches.UBS bearish on  Zimmer Biomet, initiates with a SellUBS initiated coverage of Zimmer Biomet (ZBH) with a Sell rating and $112 price target as part of a sector note on U.S. Medical Supplies and Devices. The firm models Zimmer's 2022-2027 sales CAGR at 3.5%, with Zimmer delivering sub-4% organic growth each year. While Zimmer has positive product cycles, UBS sees these as merely stemming share losses vs. driving sales gains.Citi downgrades Ollie's to Sell, sees 2023 earnings falling shortCiti downgraded Ollie's Bargain Outlet (OLLI) to Sell from Neutral with a price target of $49, down from $52. Even through the company's comp sales beat in Q4, merchandise margin dollars came in weaker than expected and implied guidance, the firm tells investors in a research note. Ollie's has a difficult model to scale and its supply chain has been choppy for years, says Citi. It views the company's free cash flow as \"uninspiring with little improvement expected\" and believes \"several aggressive assumptions\" are built into its fiscal 2023 guidance, including an acceleration in new store productivity and no assumed increase in promotions. The firm does not believe 2023 \"will be a smooth year,\" and thinks Ollie's earnings are likely to fall short of plan. Citi views the company's guidance as a \"stretch.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941412221,"gmtCreate":1680529534364,"gmtModify":1680529540173,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":32,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941412221","repostId":"2324304105","repostType":2,"repost":{"id":"2324304105","kind":"highlight","pubTimestamp":1680536101,"share":"https://ttm.financial/m/news/2324304105?lang=&edition=fundamental","pubTime":"2023-04-03 23:35","market":"us","language":"en","title":"3 Dangerous Stocks to Avoid at All Costs","url":"https://stock-news.laohu8.com/highlight/detail?id=2324304105","media":"InvestorPlace","summary":"These stocks to avoid are dangerous at any price.Beyond Meat (BYND): The company never reached profi","content":"<html><head></head><body><ul><li><p>These stocks to avoid are dangerous at any price.</p></li><li><p><strong>Beyond Meat</strong> (<strong>BYND</strong>): The company never reached profitability and now sales are slumping.</p></li><li><p><strong>Affirm </strong>(<strong>AFRM</strong>): The buy now, pay later firm is facing large losses and new competition from Apple.</p></li><li><p><strong>Riot Platforms</strong> (<strong>RIOT</strong>): With the cryptocurrency ecosystem collapsing, it will be tough sledding for the miner.</p></li></ul><p>Investors are always looking for a good bargain. And companies whose share prices have plunged can represent great buying opportunities if conditions are right. But there are some stocks to avoid at any price given their operating losses and flawed business models.</p><p>Traders tolerated large losses in recent years if a company seemingly had a path to robust profitability. However, the recent bear market changed that, and time is running out for a lot of struggling growth enterprises.</p><p>The three stocks to avoid below seem to be lost causes. Between flawed strategic plans, poor operating results and current economic headwinds, it’s hard to see a road to recovery for any of them.</p><h2>Beyond Meat (BYND)</h2><p><strong>Beyond Meat</strong> (NASDAQ: <strong>BYND</strong>) is a small consumer staples company seeking to redefine the protein space. The firm initially reached prominence with its plant-based meat patties. It has since launched other plant-based items such as sausage and jerky. As Beyond Meat partnered with prominent fast-food chains and grocery stores, shares soared on hopes that the innovator would take off.</p><p>Alas, it wasn’t meant to be. Beyond Meat’s niche remains small and it faces intense competition from other plant-based protein alternatives. As a result, revenue peaked in 2021 and began to tumble.</p><p>In 2022, the company saw revenue decline 9.8% year over year to $418.9 million. It also had a negative gross margin of -5.7%, meaning it cost more to assemble its plant patties and other products than it got from selling them. And that’s before accounting for overhead such as marketing, executive compensation and taxes. Just in making and selling its products, Beyond Meat is now losing money.</p><p>On an adjusted EBITDA basis, Beyond Meat lost $278 million in 2022, or more than 66% of its net revenue. That’s simply disastrous.</p><p>Most growth companies are able to give investors an enticing story since there is the possibility that the firm will eventually reach scale and make money. In Beyond Meat’s case, however, the company has awful profit margins and revenue is plunging. That’s a recipe for disaster.</p><h2>Affirm (AFRM)</h2><p><strong>Affirm</strong> (NASDAQ: <strong>AFRM</strong>) is a fintech company seeking to disrupt the payments industry. Its mission is to bring “buy now, pay later” technology to consumers. Buy now, pay later is intended to give consumers the ability to make purchases over a series of payments while avoiding the interest that would be incurred with a traditional credit card that wasn’t paid off promptly.</p><p>In practice, Affirm has struggled to make the model work. It charges vendors for offering the buy now, pay later service since it should help drive sales growth at said retailers. But, it appears Affirm isn’t charging vendors enough to underwrite the service.</p><p>The company lost $360 million in the most recently reported quarter alone. Its operating loss was 84% higher than in the comparable quarter in 2021. This is a classic example of a company increasing losses as the business expanded, which is never a good sign. And with soaring interest rates and a weakening economy, Affirm could see rising credit losses going forward.</p><p>Affirm was already in trouble given its large operating losses and mounting macroeconomic concerns. But <strong>Apple</strong> (NASDAQ: <strong>AAPL</strong>) may have just put the final nail in Affirm’s coffin. In late March, Apple announced it is rolling out its own buy now, pay later service. Given Apple’s existing payments technology and tremendous brand, this is likely to siphon off a significant chunk of Affirm’s existing customer base.</p><p>Put Affirm on your list of stocks to avoid.</p><h2>Riot Platforms (RIOT)</h2><p><strong>Riot Platforms</strong> (NASDAQ: <strong><u>RIOT</u></strong>) is a company primarily focused on the mining of cryptocurrency such as <strong>Bitcoin</strong> (<strong><u>BTC-USD</u></strong>). Investors became enamored with these types of companies several years ago when cryptocurrency prices were soaring.</p><p>However, that has all changed. Several major cryptocurrencies collapsed. This, in turn, caused various investment firms related to crypto to shut down. Now the problems have spread to the banking sector, with banks that focused on cryptocurrency, such as <strong>Silvergate Bank</strong>, becoming insolvent. Additionally, regulators are cracking down on major remaining cryptocurrency exchanges.</p><p>All this to say that cryptocurrency has entered a deep freeze. That’s bad for the likes of Riot Platforms. Indeed, its cryptocurrency mining revenue slid 15% from $184.4 million in 2021 to $156.9 million in 2022. The company lost $509.6 million in 2022 thanks primarily to impairments related to overpriced acquisitions, falling values of mining equipment, and a decrease in the value of cryptocurrency held on the firm’s balance sheet.</p><p>Despite the company’s massive problems, RIOT stock has rallied sharply in recent weeks. This makes little sense. A market cap of $1.7 billion is far too rich for an unprofitable firm with modest revenue in a struggling industry.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Dangerous Stocks to Avoid at All Costs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Dangerous Stocks to Avoid at All Costs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-03 23:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/04/3-dangerous-stocks-to-avoid-at-all-costs/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These stocks to avoid are dangerous at any price.Beyond Meat (BYND): The company never reached profitability and now sales are slumping.Affirm (AFRM): The buy now, pay later firm is facing large ...</p>\n\n<a href=\"https://investorplace.com/2023/04/3-dangerous-stocks-to-avoid-at-all-costs/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIOT":"Riot Platforms","AFRM":"Affirm Holdings, Inc.","BYND":"Beyond Meat, Inc."},"source_url":"https://investorplace.com/2023/04/3-dangerous-stocks-to-avoid-at-all-costs/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2324304105","content_text":"These stocks to avoid are dangerous at any price.Beyond Meat (BYND): The company never reached profitability and now sales are slumping.Affirm (AFRM): The buy now, pay later firm is facing large losses and new competition from Apple.Riot Platforms (RIOT): With the cryptocurrency ecosystem collapsing, it will be tough sledding for the miner.Investors are always looking for a good bargain. And companies whose share prices have plunged can represent great buying opportunities if conditions are right. But there are some stocks to avoid at any price given their operating losses and flawed business models.Traders tolerated large losses in recent years if a company seemingly had a path to robust profitability. However, the recent bear market changed that, and time is running out for a lot of struggling growth enterprises.The three stocks to avoid below seem to be lost causes. Between flawed strategic plans, poor operating results and current economic headwinds, it’s hard to see a road to recovery for any of them.Beyond Meat (BYND)Beyond Meat (NASDAQ: BYND) is a small consumer staples company seeking to redefine the protein space. The firm initially reached prominence with its plant-based meat patties. It has since launched other plant-based items such as sausage and jerky. As Beyond Meat partnered with prominent fast-food chains and grocery stores, shares soared on hopes that the innovator would take off.Alas, it wasn’t meant to be. Beyond Meat’s niche remains small and it faces intense competition from other plant-based protein alternatives. As a result, revenue peaked in 2021 and began to tumble.In 2022, the company saw revenue decline 9.8% year over year to $418.9 million. It also had a negative gross margin of -5.7%, meaning it cost more to assemble its plant patties and other products than it got from selling them. And that’s before accounting for overhead such as marketing, executive compensation and taxes. Just in making and selling its products, Beyond Meat is now losing money.On an adjusted EBITDA basis, Beyond Meat lost $278 million in 2022, or more than 66% of its net revenue. That’s simply disastrous.Most growth companies are able to give investors an enticing story since there is the possibility that the firm will eventually reach scale and make money. In Beyond Meat’s case, however, the company has awful profit margins and revenue is plunging. That’s a recipe for disaster.Affirm (AFRM)Affirm (NASDAQ: AFRM) is a fintech company seeking to disrupt the payments industry. Its mission is to bring “buy now, pay later” technology to consumers. Buy now, pay later is intended to give consumers the ability to make purchases over a series of payments while avoiding the interest that would be incurred with a traditional credit card that wasn’t paid off promptly.In practice, Affirm has struggled to make the model work. It charges vendors for offering the buy now, pay later service since it should help drive sales growth at said retailers. But, it appears Affirm isn’t charging vendors enough to underwrite the service.The company lost $360 million in the most recently reported quarter alone. Its operating loss was 84% higher than in the comparable quarter in 2021. This is a classic example of a company increasing losses as the business expanded, which is never a good sign. And with soaring interest rates and a weakening economy, Affirm could see rising credit losses going forward.Affirm was already in trouble given its large operating losses and mounting macroeconomic concerns. But Apple (NASDAQ: AAPL) may have just put the final nail in Affirm’s coffin. In late March, Apple announced it is rolling out its own buy now, pay later service. Given Apple’s existing payments technology and tremendous brand, this is likely to siphon off a significant chunk of Affirm’s existing customer base.Put Affirm on your list of stocks to avoid.Riot Platforms (RIOT)Riot Platforms (NASDAQ: RIOT) is a company primarily focused on the mining of cryptocurrency such as Bitcoin (BTC-USD). Investors became enamored with these types of companies several years ago when cryptocurrency prices were soaring.However, that has all changed. Several major cryptocurrencies collapsed. This, in turn, caused various investment firms related to crypto to shut down. Now the problems have spread to the banking sector, with banks that focused on cryptocurrency, such as Silvergate Bank, becoming insolvent. Additionally, regulators are cracking down on major remaining cryptocurrency exchanges.All this to say that cryptocurrency has entered a deep freeze. That’s bad for the likes of Riot Platforms. Indeed, its cryptocurrency mining revenue slid 15% from $184.4 million in 2021 to $156.9 million in 2022. The company lost $509.6 million in 2022 thanks primarily to impairments related to overpriced acquisitions, falling values of mining equipment, and a decrease in the value of cryptocurrency held on the firm’s balance sheet.Despite the company’s massive problems, RIOT stock has rallied sharply in recent weeks. This makes little sense. A market cap of $1.7 billion is far too rich for an unprofitable firm with modest revenue in a struggling industry.","news_type":1},"isVote":1,"tweetType":1,"viewCount":163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":271886585036912,"gmtCreate":1707416342376,"gmtModify":1707416345425,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a> That's the way . Aha aha .. I like it&nbsp;","listText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a> That's the way . Aha aha .. I like it&nbsp;","text":"$Palantir Technologies Inc.(PLTR)$ That's the way . Aha aha .. I like it","images":[{"img":"https://community-static.tradeup.com/news/d6074b5a1ec24f61b122eaa7c4299939","width":"1092","height":"1717"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/271886585036912","isVote":1,"tweetType":1,"viewCount":440,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9942198042,"gmtCreate":1681146859486,"gmtModify":1681146862924,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":27,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942198042","repostId":"2326169605","repostType":2,"repost":{"id":"2326169605","kind":"highlight","pubTimestamp":1681125337,"share":"https://ttm.financial/m/news/2326169605?lang=&edition=fundamental","pubTime":"2023-04-10 19:15","market":"us","language":"en","title":"3 Top Tech Stocks to Buy in April","url":"https://stock-news.laohu8.com/highlight/detail?id=2326169605","media":"Motley Fool","summary":"These beaten-down tech names could make a comeback in 2023.","content":"<html><head></head><body><p>While the tech sector has bounced back somewhat to start 2023, many of the best technology stocks are still far below their highs. Not only that, but many tech companies that overhired or spent too much during the pandemic are also in the process of streamlining their operations, with a focus on efficiency and profitability.</p><p>That bodes well for these three innovators as we come out of this interest rate-raising cycle. But while the economic slowdown may persist for a while, these tech stocks could take off well before business picks back up, making these three stocks prime buys for the month of April.</p><h2>Amazon</h2><p>Perhaps the poster child for pandemic-era excesses, <strong>Amazon</strong> is now pivoting to efficiency in a big way, which should pay dividends for shareholders. With the stock still 46% below all-time highs, investors would be wise to pick up shares of this undisputed leader in both e-commerce and cloud computing this month.</p><p>When the pandemic was in full swing, Amazon decided to hire workers and expand its distribution and logistics platform as much as needed. Because a lot of these decisions on construction are made with a multiyear lag, that spending continued into early 2022, even as growth decelerated following the COVID boom in e-commerce sales.</p><p>But Amazon now seems deadly serious about pivoting to efficiency. After announcing 10,000 layoffs late last year, the company upped that figure to 18,000 layoffs in January, before adding another 9,000 layoffs on March 20. That&#39;s obviously not great for workers, but it&#39;s probably needed, as Amazon had added more than 800,000 workers between 2019 and 2021, more doubling its workforce.</p><p>There are also some hints that Amazon&#39;s efficiency drive, which began about a year ago, is already bearing fruit. One particular metric I look at is Amazon&#39;s growth in shipping costs versus the growth in paid units delivered, which Amazon discloses in its filings. During the pandemic, Amazon&#39;s units shipped skyrocketed, but shipping costs actually increased by an even greater amount every quarter through the first two quarters of 2022. However, beginning in the third quarter of 2022, shipping cost growth fell beneath paid units growth.</p><p>That bodes well for improving profitability in the core e-commerce segment in 2023. In addition, Amazon&#39;s percentage of sales from third-party sellers is steadily increasing, making up 59% of sales last quarter, and should also help profits as those sales tend to be higher-profit than sales Amazon makes from its own inventory. And Amazon&#39;s advertising services continue to roll along, achieving a very respectable 23% growth rate in constant currency last quarter, even as the larger advertising world is in a downturn.</p><p>There are also some concerns about a slowdown in Amazon Web Services (AWS), which is understandable given the current deceleration in that unit. However, AWS is helping a broad cross-section of its customers look to cut costs all at once, as interest rate increases affect a broader proportion of customers than the pandemic did. However, Amazon&#39;s long-term customer commitments grew 37.3% last year, well exceeding revenue growth of 20%, as revenue is recorded based on current usage. So with solid growth in long-term contracts, AWS appears to still have a lot of growth ahead.</p><p>Moreover, the advent of generative artificial intelligence will only increase demand for computing power, which should benefit not just Amazon&#39;s rivals but also AWS, which provides access to supercomputing tools developers and start-ups need to make AI work. It&#39;s early stages in the AI wars, and one can be sure that AWS, with its cloud computing market share lead, won&#39;t be left on the sidelines.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/96dcb3b854d087a69aac955d51a270d0\" tg-width=\"700\" tg-height=\"466\"/></p><p>E-commerce names have been beaten-down, but some look cheap today. Image source: Getty Images.</p><h2><a href=\"https://laohu8.com/S/PYPL\">PayPal</a></h2><p>The fintech sector broadly, and <strong>PayPal</strong> specifically, had a very bad year in 2022, and the stock still sits more than 76% below its all-time highs of late 2021. Moreover, PayPal&#39;s forward P/E ratio has fallen to just over 15 times this year&#39;s expected earnings.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/652cc0421a26a04a706d54b3bc592180\" tg-width=\"720\" tg-height=\"449\"/></p><p>PYPL Percent Off All-Time High data by YCharts</p><p>Yet the growth and profitability headwinds that PayPal faced last year has recently shown signs of bottoming out. Last quarter, revenue grew 7% and 9% on a constant-currency basis. Adjusted for the loss of the <strong><a href=\"https://laohu8.com/S/EBAY\">eBay</a></strong> contract that has been rolling off over the past four years, growth was 8% and 10% on a constant currency basis. The last of the eBay roll-off occurred in the third quarter of 2022; therefore, PayPal&#39;s headline revenue growth could get a boost starting in the fourth quarter, as it will no longer be comping against that headwind.</p><p>The Q4 growth rate is no doubt a deceleration from PayPal&#39;s heady growth of 2020 and 2021, but at this current valuation, it&#39;s not that bad, especially if PayPal can remain highly profitable. </p><p>The good news on that front is that PayPal seems to be turning its declining margins around. After margins declined significantly from late 2021 through the second quarter of 2022, PayPal has shown two consecutive quarters of sequential improvements in non-GAAP operating margins, increasing from 19.1% in the second quarter 2022 to 22.9% in the fourth quarter. Yes, that&#39;s still below peak operating margins of 25.1% back in 2020, but it&#39;s still headed in the right direction. Earnings per share also accelerated to 11% growth in Q4, reversing three straight quarters of EPS declines.</p><p>Unlike some other high-growth tech peers, PayPal also generates significant free cash flow, and it has a solid balance sheet, with $15.9 billion in cash against just $10.8 billion in debt. Despite 2022 being an off year in which growth decelerated and earnings came down, PayPal still generated $5.1 billion in free cash flow, returning $4.2 billion of that to shareholders in the form of share repurchases.</p><p>That&#39;s a positive use of cash when the stock is this cheap, and it&#39;s likely to benefit shareholders when PayPal emerges from the downturn. PayPal has a relatively diverse business across branded checkout, merchant payment processing, the Venmo P2P platform, working capital loans, and buy-now-pay-later services. That diversity should generate consistent cash flow through a cycle, allowing PayPal to both repurchase stock and invest in new growth drivers, either organically or through acquisitions.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cb9d61e5386cc16d51bb865951761b7d\" tg-width=\"700\" tg-height=\"466\"/></p><p>Image source: Getty Images.</p><h2>Dell Technologies</h2><p>PC and server leader <strong>Dell Technologies</strong> is currently feeling the fallout of the worst PC downturn in modern history -- a bitter hangover from the booming PC sales during the pandemic. But the good news is, Dell is handling this downturn rather well. Its client solutions group plunged 23% last quarter, but the unit, which sells PCs to both consumers and businesses, was still profitable, with segment operating income of $671 million.</p><p>While Dell might be clouded with the reputation of the difficult PC business, Dell now currently makes the majority of operating profits from its server segment. While that unit is also slowing, it did post 7% growth last quarter, but an even more encouraging 40% growth in operating income, as Dell is able to grow revenue without a meaningful increase in costs.</p><p>Dell actually has the leading market share in the server industry today. And while businesses may slow down their data center purchases in the near term, the emerging artificial intelligence wars should propel demand for high-performance servers over the long run and be a longer-term tailwind.</p><p>In addition, there could be a brewing turnaround in PCs. A recent note from Trendforce research projects an 11% quarter-over-quarter improvement in notebook shipments. While that is off an extremely low base in the first quarter and would still leave shipments far below last year&#39;s levels, it could at least indicate that the PC market may be bottoming out here.</p><p>Anticipating a downturn, investors have sold off Dell to just 5.3 times its 2022 adjusted earnings per share. That&#39;s absurdly cheap. But even if Dell does see some additional profit declines in the near term, the company should remain profitable overall and continue paying out its growing 3.6% dividend regardless. Once the economy and rate environment normalizes, this bargain-priced stock should take off again.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Top Tech Stocks to Buy in April</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Top Tech Stocks to Buy in April\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-10 19:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/04/10/3-top-tech-stocks-to-buy-in-april/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While the tech sector has bounced back somewhat to start 2023, many of the best technology stocks are still far below their highs. Not only that, but many tech companies that overhired or spent too ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/04/10/3-top-tech-stocks-to-buy-in-april/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU0109392836.USD":"富兰克林科技股A","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4534":"瑞士信贷持仓","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","AMZN":"亚马逊","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4535":"淡马锡持仓","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","DELL":"戴尔","BK4527":"明星科技股","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4579":"人工智能","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","BK4503":"景林资产持仓","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU0528227936.USD":"富达环球人口趋势基金A-ACC","LU0238689110.USD":"贝莱德环球动力股票基金","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU0082616367.USD":"摩根大通美国科技A（dist）","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4554":"元宇宙及AR概念","LU0061474960.USD":"天利环球焦点基金AU Acc","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD"},"source_url":"https://www.fool.com/investing/2023/04/10/3-top-tech-stocks-to-buy-in-april/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2326169605","content_text":"While the tech sector has bounced back somewhat to start 2023, many of the best technology stocks are still far below their highs. Not only that, but many tech companies that overhired or spent too much during the pandemic are also in the process of streamlining their operations, with a focus on efficiency and profitability.That bodes well for these three innovators as we come out of this interest rate-raising cycle. But while the economic slowdown may persist for a while, these tech stocks could take off well before business picks back up, making these three stocks prime buys for the month of April.AmazonPerhaps the poster child for pandemic-era excesses, Amazon is now pivoting to efficiency in a big way, which should pay dividends for shareholders. With the stock still 46% below all-time highs, investors would be wise to pick up shares of this undisputed leader in both e-commerce and cloud computing this month.When the pandemic was in full swing, Amazon decided to hire workers and expand its distribution and logistics platform as much as needed. Because a lot of these decisions on construction are made with a multiyear lag, that spending continued into early 2022, even as growth decelerated following the COVID boom in e-commerce sales.But Amazon now seems deadly serious about pivoting to efficiency. After announcing 10,000 layoffs late last year, the company upped that figure to 18,000 layoffs in January, before adding another 9,000 layoffs on March 20. That's obviously not great for workers, but it's probably needed, as Amazon had added more than 800,000 workers between 2019 and 2021, more doubling its workforce.There are also some hints that Amazon's efficiency drive, which began about a year ago, is already bearing fruit. One particular metric I look at is Amazon's growth in shipping costs versus the growth in paid units delivered, which Amazon discloses in its filings. During the pandemic, Amazon's units shipped skyrocketed, but shipping costs actually increased by an even greater amount every quarter through the first two quarters of 2022. However, beginning in the third quarter of 2022, shipping cost growth fell beneath paid units growth.That bodes well for improving profitability in the core e-commerce segment in 2023. In addition, Amazon's percentage of sales from third-party sellers is steadily increasing, making up 59% of sales last quarter, and should also help profits as those sales tend to be higher-profit than sales Amazon makes from its own inventory. And Amazon's advertising services continue to roll along, achieving a very respectable 23% growth rate in constant currency last quarter, even as the larger advertising world is in a downturn.There are also some concerns about a slowdown in Amazon Web Services (AWS), which is understandable given the current deceleration in that unit. However, AWS is helping a broad cross-section of its customers look to cut costs all at once, as interest rate increases affect a broader proportion of customers than the pandemic did. However, Amazon's long-term customer commitments grew 37.3% last year, well exceeding revenue growth of 20%, as revenue is recorded based on current usage. So with solid growth in long-term contracts, AWS appears to still have a lot of growth ahead.Moreover, the advent of generative artificial intelligence will only increase demand for computing power, which should benefit not just Amazon's rivals but also AWS, which provides access to supercomputing tools developers and start-ups need to make AI work. It's early stages in the AI wars, and one can be sure that AWS, with its cloud computing market share lead, won't be left on the sidelines.E-commerce names have been beaten-down, but some look cheap today. Image source: Getty Images.PayPalThe fintech sector broadly, and PayPal specifically, had a very bad year in 2022, and the stock still sits more than 76% below its all-time highs of late 2021. Moreover, PayPal's forward P/E ratio has fallen to just over 15 times this year's expected earnings.PYPL Percent Off All-Time High data by YChartsYet the growth and profitability headwinds that PayPal faced last year has recently shown signs of bottoming out. Last quarter, revenue grew 7% and 9% on a constant-currency basis. Adjusted for the loss of the eBay contract that has been rolling off over the past four years, growth was 8% and 10% on a constant currency basis. The last of the eBay roll-off occurred in the third quarter of 2022; therefore, PayPal's headline revenue growth could get a boost starting in the fourth quarter, as it will no longer be comping against that headwind.The Q4 growth rate is no doubt a deceleration from PayPal's heady growth of 2020 and 2021, but at this current valuation, it's not that bad, especially if PayPal can remain highly profitable. The good news on that front is that PayPal seems to be turning its declining margins around. After margins declined significantly from late 2021 through the second quarter of 2022, PayPal has shown two consecutive quarters of sequential improvements in non-GAAP operating margins, increasing from 19.1% in the second quarter 2022 to 22.9% in the fourth quarter. Yes, that's still below peak operating margins of 25.1% back in 2020, but it's still headed in the right direction. Earnings per share also accelerated to 11% growth in Q4, reversing three straight quarters of EPS declines.Unlike some other high-growth tech peers, PayPal also generates significant free cash flow, and it has a solid balance sheet, with $15.9 billion in cash against just $10.8 billion in debt. Despite 2022 being an off year in which growth decelerated and earnings came down, PayPal still generated $5.1 billion in free cash flow, returning $4.2 billion of that to shareholders in the form of share repurchases.That's a positive use of cash when the stock is this cheap, and it's likely to benefit shareholders when PayPal emerges from the downturn. PayPal has a relatively diverse business across branded checkout, merchant payment processing, the Venmo P2P platform, working capital loans, and buy-now-pay-later services. That diversity should generate consistent cash flow through a cycle, allowing PayPal to both repurchase stock and invest in new growth drivers, either organically or through acquisitions.Image source: Getty Images.Dell TechnologiesPC and server leader Dell Technologies is currently feeling the fallout of the worst PC downturn in modern history -- a bitter hangover from the booming PC sales during the pandemic. But the good news is, Dell is handling this downturn rather well. Its client solutions group plunged 23% last quarter, but the unit, which sells PCs to both consumers and businesses, was still profitable, with segment operating income of $671 million.While Dell might be clouded with the reputation of the difficult PC business, Dell now currently makes the majority of operating profits from its server segment. While that unit is also slowing, it did post 7% growth last quarter, but an even more encouraging 40% growth in operating income, as Dell is able to grow revenue without a meaningful increase in costs.Dell actually has the leading market share in the server industry today. And while businesses may slow down their data center purchases in the near term, the emerging artificial intelligence wars should propel demand for high-performance servers over the long run and be a longer-term tailwind.In addition, there could be a brewing turnaround in PCs. A recent note from Trendforce research projects an 11% quarter-over-quarter improvement in notebook shipments. While that is off an extremely low base in the first quarter and would still leave shipments far below last year's levels, it could at least indicate that the PC market may be bottoming out here.Anticipating a downturn, investors have sold off Dell to just 5.3 times its 2022 adjusted earnings per share. That's absurdly cheap. But even if Dell does see some additional profit declines in the near term, the company should remain profitable overall and continue paying out its growing 3.6% dividend regardless. Once the economy and rate environment normalizes, this bargain-priced stock should take off again.","news_type":1},"isVote":1,"tweetType":1,"viewCount":396,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9958492392,"gmtCreate":1673793917216,"gmtModify":1676538886338,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":26,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9958492392","repostId":"1173773008","repostType":4,"repost":{"id":"1173773008","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1673837089,"share":"https://ttm.financial/m/news/1173773008?lang=&edition=fundamental","pubTime":"2023-01-16 10:44","market":"us","language":"en","title":"Reminder: U.S. Market is Closed for Martin Luther King Day on Monday, Jan.16, 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=1173773008","media":"Tiger Newspress","summary":"Martin Luther King Day has arrived. The U.S. market is closed on Monday, Jan.16, 2023. Please take n","content":"<html><head></head><body><p>Martin Luther King Day has arrived. The U.S. market is closed on Monday, Jan.16, 2023. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.</p><p><img src=\"https://static.tigerbbs.com/b7e7bd8e1185d50c2f408c41e4b734d9\" tg-width=\"500\" tg-height=\"336\" referrerpolicy=\"no-referrer\"/></p><h3>Background</h3><p>Martin Luther King Day, or Martin Luther King Jr. Day, is observed on the third Monday of January every year.</p><p>Martin Luther King Day is held in honor of Martin Luther King Jr., the famous civil rights leader who was born in 1929.</p><p>He organized the popular march on Washington for jobs and freedom to highlight the daily struggles of African Americans in 1963 with the support of various civil rights and religious groups.</p><p>Almost over 25,000 people took part in this protest and it ended at the Lincoln Memorial where the crowd gathered to listen to MLK&#39;s &#34;I Have A Dream&#34; speech that influences peace and equality. MLK&#39;s &#34;I Have A Dream&#34; speech that influences peace and equality.</p><p>It contributed to the passing of the Civil Rights Act of 1964, outlawing discrimination based on color, religion, sex, or national origin.</p><p>He was also the youngest person to receive the Noble Peace Prize in 1964.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: U.S. Market is Closed for Martin Luther King Day on Monday, Jan.16, 2023</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: U.S. Market is Closed for Martin Luther King Day on Monday, Jan.16, 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-01-16 10:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Martin Luther King Day has arrived. The U.S. market is closed on Monday, Jan.16, 2023. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.</p><p><img src=\"https://static.tigerbbs.com/b7e7bd8e1185d50c2f408c41e4b734d9\" tg-width=\"500\" tg-height=\"336\" referrerpolicy=\"no-referrer\"/></p><h3>Background</h3><p>Martin Luther King Day, or Martin Luther King Jr. Day, is observed on the third Monday of January every year.</p><p>Martin Luther King Day is held in honor of Martin Luther King Jr., the famous civil rights leader who was born in 1929.</p><p>He organized the popular march on Washington for jobs and freedom to highlight the daily struggles of African Americans in 1963 with the support of various civil rights and religious groups.</p><p>Almost over 25,000 people took part in this protest and it ended at the Lincoln Memorial where the crowd gathered to listen to MLK&#39;s &#34;I Have A Dream&#34; speech that influences peace and equality. MLK&#39;s &#34;I Have A Dream&#34; speech that influences peace and equality.</p><p>It contributed to the passing of the Civil Rights Act of 1964, outlawing discrimination based on color, religion, sex, or national origin.</p><p>He was also the youngest person to receive the Noble Peace Prize in 1964.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173773008","content_text":"Martin Luther King Day has arrived. The U.S. market is closed on Monday, Jan.16, 2023. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.BackgroundMartin Luther King Day, or Martin Luther King Jr. Day, is observed on the third Monday of January every year.Martin Luther King Day is held in honor of Martin Luther King Jr., the famous civil rights leader who was born in 1929.He organized the popular march on Washington for jobs and freedom to highlight the daily struggles of African Americans in 1963 with the support of various civil rights and religious groups.Almost over 25,000 people took part in this protest and it ended at the Lincoln Memorial where the crowd gathered to listen to MLK's \"I Have A Dream\" speech that influences peace and equality. MLK's \"I Have A Dream\" speech that influences peace and equality.It contributed to the passing of the Civil Rights Act of 1964, outlawing discrimination based on color, religion, sex, or national origin.He was also the youngest person to receive the Noble Peace Prize in 1964.","news_type":1},"isVote":1,"tweetType":1,"viewCount":78,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9946128671,"gmtCreate":1680889617794,"gmtModify":1680889621212,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":24,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9946128671","repostId":"1191555077","repostType":2,"repost":{"id":"1191555077","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1680880813,"share":"https://ttm.financial/m/news/1191555077?lang=&edition=fundamental","pubTime":"2023-04-07 23:20","market":"us","language":"en","title":"March Jobs Report Shows Hiring Slows, Unemployment Rate Steady at 3.5%","url":"https://stock-news.laohu8.com/highlight/detail?id=1191555077","media":"Tiger Newspress","summary":"The March jobs report showed the U.S. labor market remains strong, likely keeping the pressure on th","content":"<html><head></head><body><p>The March jobs report showed the U.S. labor market remains strong, likely keeping the pressure on the Federal Reserve to raise interest rates in its efforts to slow inflation.</p><p style=\"text-align: start;\">The U.S. economy added 236,000 jobs last month as the unemployment rate held steady at 3.5%, data from the Bureau of Labor Statistics released Friday showed.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fbdf600f9e19cf53f255869e4976b563\" title=\"\" tg-width=\"1080\" tg-height=\"1159\"/></p><p style=\"text-align: start;\">Here are the key figures from the report, compared to last month&#39;s revised numbers:</p><ul><li><p>Nonfarm payrolls: +236,000 vs. +326,000</p></li><li><p>Unemployment rate: 3.5% vs. 3.6%</p></li><li><p>Average hourly earnings, month-over-month: +0.3% vs. +0.2%</p></li><li><p>Average hourly earnings, year-over-year: 4.2% vs. +4.6%</p></li></ul><p style=\"text-align: start;\">In February, the economy added 311,000 new jobs while the unemployment rate rose to 3.6% amid an uptick in participation.</p><p style=\"text-align: start;\">February&#39;s jobs report served as a firm-enough signal for the Fed to proceed with a planned interest rate hike. Those figures dropped just hours before Silicon Valley Bank was seized by regulators, however, with Signature Bank also closed by regulators two days later on Sunday, March 10.</p><p style=\"text-align: start;\">Notable impacts from the bank crisis, however, weren&#39;t expected to feature in Friday&#39;s report.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>March Jobs Report Shows Hiring Slows, Unemployment Rate Steady at 3.5%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarch Jobs Report Shows Hiring Slows, Unemployment Rate Steady at 3.5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-04-07 23:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The March jobs report showed the U.S. labor market remains strong, likely keeping the pressure on the Federal Reserve to raise interest rates in its efforts to slow inflation.</p><p style=\"text-align: start;\">The U.S. economy added 236,000 jobs last month as the unemployment rate held steady at 3.5%, data from the Bureau of Labor Statistics released Friday showed.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fbdf600f9e19cf53f255869e4976b563\" title=\"\" tg-width=\"1080\" tg-height=\"1159\"/></p><p style=\"text-align: start;\">Here are the key figures from the report, compared to last month&#39;s revised numbers:</p><ul><li><p>Nonfarm payrolls: +236,000 vs. +326,000</p></li><li><p>Unemployment rate: 3.5% vs. 3.6%</p></li><li><p>Average hourly earnings, month-over-month: +0.3% vs. +0.2%</p></li><li><p>Average hourly earnings, year-over-year: 4.2% vs. +4.6%</p></li></ul><p style=\"text-align: start;\">In February, the economy added 311,000 new jobs while the unemployment rate rose to 3.6% amid an uptick in participation.</p><p style=\"text-align: start;\">February&#39;s jobs report served as a firm-enough signal for the Fed to proceed with a planned interest rate hike. Those figures dropped just hours before Silicon Valley Bank was seized by regulators, however, with Signature Bank also closed by regulators two days later on Sunday, March 10.</p><p style=\"text-align: start;\">Notable impacts from the bank crisis, however, weren&#39;t expected to feature in Friday&#39;s report.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191555077","content_text":"The March jobs report showed the U.S. labor market remains strong, likely keeping the pressure on the Federal Reserve to raise interest rates in its efforts to slow inflation.The U.S. economy added 236,000 jobs last month as the unemployment rate held steady at 3.5%, data from the Bureau of Labor Statistics released Friday showed.Here are the key figures from the report, compared to last month's revised numbers:Nonfarm payrolls: +236,000 vs. +326,000Unemployment rate: 3.5% vs. 3.6%Average hourly earnings, month-over-month: +0.3% vs. +0.2%Average hourly earnings, year-over-year: 4.2% vs. +4.6%In February, the economy added 311,000 new jobs while the unemployment rate rose to 3.6% amid an uptick in participation.February's jobs report served as a firm-enough signal for the Fed to proceed with a planned interest rate hike. Those figures dropped just hours before Silicon Valley Bank was seized by regulators, however, with Signature Bank also closed by regulators two days later on Sunday, March 10.Notable impacts from the bank crisis, however, weren't expected to feature in Friday's report.","news_type":1},"isVote":1,"tweetType":1,"viewCount":238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952045784,"gmtCreate":1674289113648,"gmtModify":1676538935810,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"Great to know.&nbsp; Happy CNY🐰&nbsp;","listText":"Great to know.&nbsp; Happy CNY🐰&nbsp;","text":"Great to know. Happy CNY🐰","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":22,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9952045784","repostId":"1148061982","repostType":4,"repost":{"id":"1148061982","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1674272043,"share":"https://ttm.financial/m/news/1148061982?lang=&edition=fundamental","pubTime":"2023-01-21 11:34","market":"sh","language":"en","title":"Reminder: Market Holidays During Chinese Lunar New Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1148061982","media":"Tiger Newspress","summary":"Chinese Lunar New Year is around the corner. Please take note of the trading arrangements during the","content":"<html><head></head><body><p>Chinese Lunar New Year is around the corner. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.</p><p><b>The China A-shares market</b> will be closed from Monday, 23 January 2023 to Friday, 27 January 2023 local time for Chinese Lunar New Year.</p><p><b>The Hong Kong market</b> will be closed from Monday, 23 January 2023 to Wednesday, 25 January 2023 local time for Chinese Lunar New Year.</p><p><b>The Singapore market</b> will be closed from Monday, 23 January 2023 to Tuesday, 24 January 2023 local time for Chinese Lunar New Year.</p><h3>Background</h3><p>Chinese New Year is the festival that celebrates the beginning of a new year on the traditional lunisolar Chinese calendar. In Chinese, the festival is commonly referred to as the Spring Festival as the spring season in the lunisolar calendar traditionally starts with lichun, the first of the twenty-four solar terms which the festival celebrates around the time of the Chinese New Year. Marking the end of winter and the beginning of the spring season, observances traditionally take place from New Year’s Eve.</p><p>The Chinese New Year is associated with several myths and customs. The festival was traditionally a time to honor deities as well as ancestors. Within China, regional customs and traditions concerning the celebration of the New Year vary widely, and the evening preceding the New Year&#39;s Day is frequently regarded as an occasion for Chinese families to gather for the annual reunion dinner.</p><p>It is also a tradition for every family to thoroughly clean their house, in order to sweep away any ill fortune and to make way for incoming good luck. Another custom is the decoration of windows and doors with red paper-cuts and couplets. Other activities include lighting firecrackers and giving money in red paper envelopes.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: Market Holidays During Chinese Lunar New Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: Market Holidays During Chinese Lunar New Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-01-21 11:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Chinese Lunar New Year is around the corner. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.</p><p><b>The China A-shares market</b> will be closed from Monday, 23 January 2023 to Friday, 27 January 2023 local time for Chinese Lunar New Year.</p><p><b>The Hong Kong market</b> will be closed from Monday, 23 January 2023 to Wednesday, 25 January 2023 local time for Chinese Lunar New Year.</p><p><b>The Singapore market</b> will be closed from Monday, 23 January 2023 to Tuesday, 24 January 2023 local time for Chinese Lunar New Year.</p><h3>Background</h3><p>Chinese New Year is the festival that celebrates the beginning of a new year on the traditional lunisolar Chinese calendar. In Chinese, the festival is commonly referred to as the Spring Festival as the spring season in the lunisolar calendar traditionally starts with lichun, the first of the twenty-four solar terms which the festival celebrates around the time of the Chinese New Year. Marking the end of winter and the beginning of the spring season, observances traditionally take place from New Year’s Eve.</p><p>The Chinese New Year is associated with several myths and customs. The festival was traditionally a time to honor deities as well as ancestors. Within China, regional customs and traditions concerning the celebration of the New Year vary widely, and the evening preceding the New Year&#39;s Day is frequently regarded as an occasion for Chinese families to gather for the annual reunion dinner.</p><p>It is also a tradition for every family to thoroughly clean their house, in order to sweep away any ill fortune and to make way for incoming good luck. Another custom is the decoration of windows and doors with red paper-cuts and couplets. Other activities include lighting firecrackers and giving money in red paper envelopes.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSTECH":"恒生科技指数","HSI":"恒生指数","000001.SH":"上证指数","STI.SI":"富时新加坡海峡指数"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148061982","content_text":"Chinese Lunar New Year is around the corner. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.The China A-shares market will be closed from Monday, 23 January 2023 to Friday, 27 January 2023 local time for Chinese Lunar New Year.The Hong Kong market will be closed from Monday, 23 January 2023 to Wednesday, 25 January 2023 local time for Chinese Lunar New Year.The Singapore market will be closed from Monday, 23 January 2023 to Tuesday, 24 January 2023 local time for Chinese Lunar New Year.BackgroundChinese New Year is the festival that celebrates the beginning of a new year on the traditional lunisolar Chinese calendar. In Chinese, the festival is commonly referred to as the Spring Festival as the spring season in the lunisolar calendar traditionally starts with lichun, the first of the twenty-four solar terms which the festival celebrates around the time of the Chinese New Year. Marking the end of winter and the beginning of the spring season, observances traditionally take place from New Year’s Eve.The Chinese New Year is associated with several myths and customs. The festival was traditionally a time to honor deities as well as ancestors. Within China, regional customs and traditions concerning the celebration of the New Year vary widely, and the evening preceding the New Year's Day is frequently regarded as an occasion for Chinese families to gather for the annual reunion dinner.It is also a tradition for every family to thoroughly clean their house, in order to sweep away any ill fortune and to make way for incoming good luck. Another custom is the decoration of windows and doors with red paper-cuts and couplets. Other activities include lighting firecrackers and giving money in red paper envelopes.","news_type":1},"isVote":1,"tweetType":1,"viewCount":23,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":273474488664128,"gmtCreate":1707804163718,"gmtModify":1707804166283,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/G13.SI\">$Genting Sing(G13.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v> Get in . Spend time. I believe it will slow grow .&nbsp;","listText":"<a href=\"https://ttm.financial/S/G13.SI\">$Genting Sing(G13.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v> Get in . Spend time. I believe it will slow grow .&nbsp;","text":"$Genting Sing(G13.SI)$ Get in . Spend time. I believe it will slow grow .","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/273474488664128","isVote":1,"tweetType":1,"viewCount":384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342954887250136,"gmtCreate":1724735846254,"gmtModify":1724735850049,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":". anyway just follow the trend","listText":". anyway just follow the trend","text":". anyway just follow the trend","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342954887250136","repostId":"2462429926","repostType":2,"repost":{"id":"2462429926","kind":"highlight","pubTimestamp":1724727409,"share":"https://ttm.financial/m/news/2462429926?lang=&edition=fundamental","pubTime":"2024-08-27 10:56","market":"us","language":"en","title":"Apple: Why Buffett Might Be Right","url":"https://stock-news.laohu8.com/highlight/detail?id=2462429926","media":"seekingalpha","summary":"Apple's shares surged after the introduction of Apple Intelligence, but macro risks and Berkshire Hathaway's selling signal caution.Q3 showed revenue growth and strong performance in services, Mac, an","content":"<html><head></head><body><ul style=\"\"><li><p>Apple&#39;s shares surged after the introduction of Apple Intelligence, but macro risks and Berkshire Hathaway&#39;s selling signal caution.</p></li><li><p>Q3 showed revenue growth and strong performance in services, Mac, and iPad, but challenges in China and AI revenue potential remain.</p></li><li><p>Despite recent growth, Apple&#39;s stock is overvalued with little margin of safety, making it a HOLD at best at the current price.</p></li></ul><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bf19c4031ec7fcb6c671b889cc94a668\" tg-width=\"750\" tg-height=\"500\"/></p><p>gece33</p><p></p><p>For a long time, Apple (NASDAQ:AAPL) was struggling to revive growth as its revenues were declining last year, its advantage in the smartphone market was slowly waning, and its shares were struggling to establish a solid support level at above $200 per share. However, after the introduction of Apple Intelligence earlier this summer, the shares have jumped, while analysts began to raise the growth forecasts to reflect Apple’s entrance into the generative AI field.</p><p>The problem though is that after the recent run-up, Apple’s shares appear to offer little margin of safety, while macro risks continue to increase and the selling of shares by Warren Buffett’s Berkshire Hathaway (BRK.A)(BRK.B) doesn’t send a positive signal to the market. That’s why even though Apple’s entrance into the generative AI field is likely to be beneficial for the company, its stock is a HOLD at best at the current market price.</p><h2 id=\"id_4128084373\">Apple Makes A Comeback</h2><p>Back in June, I noted that while Apple’s entrance into the generative AI field has been met with excitement, the upside to the company’s shares could be limited due to the rising number of challenges that the business is facing. While Apple’s shares have appreciated by around 5% since that time, I still believe that further growth is not guaranteed. However, it would be foolish not to state that the company’s performance has indeed improved in recent quarters, and the recent quarter was not an exception.</p><p>If we look closely at the Q3 earnings report, which was released earlier this month, we’ll see that Apple’s revenues were $85.78 billion. That translates to a Y/Y growth rate of 4.87%, which is the highest annual growth rate in nearly two years.</p><p>The successful performance of Apple’s services business has been one of the most notable things that happened in Q3. During the quarter, the services revenues increased by 14% Y/Y to $24.2 billion, which is a new record for the company. By having over 1 billion paid subscriptions, it makes sense to assume that the services business will continue to be a major cash cow for Apple, since customers who use the company’s products have no other choice but to be a part of its ecosystem. That’s why it’s not a surprise that the management expects the services business to continue to grow at a double-digit rate.</p><p>It&#39;s also important to note that Apple’s Mac and iPad revenues were also up Y/Y primarily thanks to the recent launches of new laptops and tablets. With back-to-school season around the corner, Apple’s MacBooks and iPads will likely continue to be in high demand in Q4.</p><p>On top of all of that, some analysts believe that Apple will start charging up to $20 fee for the premium features of Apple Intelligence in the future. If true, this could help Apple create a new high-margin income stream in a relatively short time. By offering paid versions of their generative AI products, both OpenAI and Microsoft (MSFT) saw their revenues skyrocket recently. Apple could experience the same thing happening to it if enough of its customers opt in for Apple Intelligence’s paid features.</p><p>All of this points out the fact that Apple’s leadership team has finally found a way to revive growth, which was much needed after several quarters of Y/Y revenue declines in nearly two years. While Apple’s revenues are expected to increase by less than 2% this year, the upcoming release of the new iPhone, greater penetration of Apple Intelligence, and the potential increase in services sales, could indeed create a scenario under which the company’s revenues grow at top single-digit rates in FY25 and beyond. The street has already made dozens of upward revenue and earnings revisions in recent months, which is an indication that things are improving inside Apple.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b0409c641461bf3cf670461ae897990d\" tg-width=\"640\" tg-height=\"124\"/></p><p>Apple&#39;s Revisions (Seeking Alpha)</p><p></p><h2 id=\"id_1689660359\">The Growth Is Not Guaranteed</h2><p>Despite all of the growth opportunities described earlier in this article, Apple also continues to face several major challenges that could undermine its growth story. While some of the company’s businesses experienced major growth during the recent quarter, its iPhone sales declined from $39.67 billion in Q3’23 to $39.30 billion in Q3’24. The decline could be attributed to the company’s poor performance in China.</p><p>The latest earnings report showed that Apple’s sales in Greater China were down 6.5% Y/Y to $14.7 billion. What’s more is that the iPhone’s market share in China decreased to only 14%, while China’s phone markets such as Huawei, Xiaomi, and others experienced growth and improved their positions in the Chinese smartphone market. Considering the inability of the company to revive growth in China, there’s a risk that it would be harder for Apple to meet its goals and especially exceed expectations in the future.</p><p>At the same time, some investors might be disappointed about the potential revenues that Apple Intelligence will generate, since the company’s major generative AI tools are not expected to be released in China and Europe in the foreseeable future.</p><p>What’s more, is that the recent selling of shares by Warren Buffett’s Berkshire Hathaway is not sending a positive signal to the market. While Warren Buffett stated that Apple will remain in his portfolio and his firm currently owns about 400 million shares, he nevertheless sold over ~500 million shares in the first half of the year. This could be viewed by someone as the signal to also sell shares as the upside could be limited, especially after the recent rally.</p><p>Considering all of this, it seems that Apple’s stock also doesn’t provide enough margin of safety for investors at the current price. My DCF model from June showed that the company’s fair value is $176.30 per share. Given the successful performance in Q3, I made some upward revisions to the revenues and EBIT in the new model, which can be seen below.</p><p>The assumptions for revenues and EBIT in the new model closely align with the overall expectations for the following years. The expectations for other metrics in my model correlate with Apple’s historical performance. The WACC of 8% closely aligns with the market’s average cost of capital, while the terminal growth rate of 3% mirrors the average inflation and GDP growth rate.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/5e6cadf92dcc4fa7be44bb1f7b8812d0\" tg-width=\"640\" tg-height=\"317\"/></p><p>Apple&#39;s DCF Model (Historical Data: Seeking Alpha, Assumptions: Author)</p><p></p><p>Thanks to several upward revisions, the updated model shows that Apple’s fair value is $182.26 per share. While it’s slightly above the previous calculations, we nevertheless see that Apple remains overvalued at the current price and offers little margin of safety for investors.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a21d58cfb7102829aa297d63694cc979\" tg-width=\"640\" tg-height=\"137\"/></p><p>Apple&#39;s DCF Model (Historical Data: Seeking Alpha, Assumptions: Author)</p><p></p><p>While the company’s shares mostly were able to recover from the latest depreciation caused by the broader market selloff, it’s still hard to justify a long position at the current price. By trading at over 30 times its forward earnings and over 8 times its forward sales, it seems that it’s better to look for alternative investment elsewhere, especially since the China-related risks remain.</p><h2 id=\"id_4070538431\">The Bottom Line</h2><p>Apple is, without a doubt, a great company; but unfortunately, it trades at a relatively high price right now, which offers little margin of safety for investors. While it’s good to see the company returning to growth, Apple’s upside is likely to be limited due to the rising challenges that it faces, which could undermine its growth story. The fact that one of its biggest investors is selling his position also doesn’t send a positive signal to the market. That’s why at this stage Apple is only a HOLD for me as it’s likely that its shares will trade in-line with the rest of the market until the release of the Q4 earnings report in November.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Why Buffett Might Be Right</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Why Buffett Might Be Right\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-27 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4717194-apple-why-buffett-might-be-right><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple's shares surged after the introduction of Apple Intelligence, but macro risks and Berkshire Hathaway's selling signal caution.Q3 showed revenue growth and strong performance in services, Mac, ...</p>\n\n<a href=\"https://seekingalpha.com/article/4717194-apple-why-buffett-might-be-right\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","BK4548":"巴美列捷福持仓","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","BK4516":"特朗普概念","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","IE00B4YYXB79.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","BK4567":"ESG概念","BK4585":"ETF&股票定投概念","BK4576":"AR","IE00BN8TJ469.HKD":"FTGF CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A\" (HKD) INC","LU0056508442.USD":"贝莱德世界科技基金A2","BK4575":"芯片概念","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4525":"远程办公概念","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","BRK.A":"伯克希尔","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4577":"网络游戏","BRK.B":"伯克希尔B","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","IE00BDRTCR15.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC A","BK4538":"云计算","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","BK4503":"景林资产持仓","BK4574":"无人驾驶","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4717194-apple-why-buffett-might-be-right","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2462429926","content_text":"Apple's shares surged after the introduction of Apple Intelligence, but macro risks and Berkshire Hathaway's selling signal caution.Q3 showed revenue growth and strong performance in services, Mac, and iPad, but challenges in China and AI revenue potential remain.Despite recent growth, Apple's stock is overvalued with little margin of safety, making it a HOLD at best at the current price.gece33For a long time, Apple (NASDAQ:AAPL) was struggling to revive growth as its revenues were declining last year, its advantage in the smartphone market was slowly waning, and its shares were struggling to establish a solid support level at above $200 per share. However, after the introduction of Apple Intelligence earlier this summer, the shares have jumped, while analysts began to raise the growth forecasts to reflect Apple’s entrance into the generative AI field.The problem though is that after the recent run-up, Apple’s shares appear to offer little margin of safety, while macro risks continue to increase and the selling of shares by Warren Buffett’s Berkshire Hathaway (BRK.A)(BRK.B) doesn’t send a positive signal to the market. That’s why even though Apple’s entrance into the generative AI field is likely to be beneficial for the company, its stock is a HOLD at best at the current market price.Apple Makes A ComebackBack in June, I noted that while Apple’s entrance into the generative AI field has been met with excitement, the upside to the company’s shares could be limited due to the rising number of challenges that the business is facing. While Apple’s shares have appreciated by around 5% since that time, I still believe that further growth is not guaranteed. However, it would be foolish not to state that the company’s performance has indeed improved in recent quarters, and the recent quarter was not an exception.If we look closely at the Q3 earnings report, which was released earlier this month, we’ll see that Apple’s revenues were $85.78 billion. That translates to a Y/Y growth rate of 4.87%, which is the highest annual growth rate in nearly two years.The successful performance of Apple’s services business has been one of the most notable things that happened in Q3. During the quarter, the services revenues increased by 14% Y/Y to $24.2 billion, which is a new record for the company. By having over 1 billion paid subscriptions, it makes sense to assume that the services business will continue to be a major cash cow for Apple, since customers who use the company’s products have no other choice but to be a part of its ecosystem. That’s why it’s not a surprise that the management expects the services business to continue to grow at a double-digit rate.It's also important to note that Apple’s Mac and iPad revenues were also up Y/Y primarily thanks to the recent launches of new laptops and tablets. With back-to-school season around the corner, Apple’s MacBooks and iPads will likely continue to be in high demand in Q4.On top of all of that, some analysts believe that Apple will start charging up to $20 fee for the premium features of Apple Intelligence in the future. If true, this could help Apple create a new high-margin income stream in a relatively short time. By offering paid versions of their generative AI products, both OpenAI and Microsoft (MSFT) saw their revenues skyrocket recently. Apple could experience the same thing happening to it if enough of its customers opt in for Apple Intelligence’s paid features.All of this points out the fact that Apple’s leadership team has finally found a way to revive growth, which was much needed after several quarters of Y/Y revenue declines in nearly two years. While Apple’s revenues are expected to increase by less than 2% this year, the upcoming release of the new iPhone, greater penetration of Apple Intelligence, and the potential increase in services sales, could indeed create a scenario under which the company’s revenues grow at top single-digit rates in FY25 and beyond. The street has already made dozens of upward revenue and earnings revisions in recent months, which is an indication that things are improving inside Apple.Apple's Revisions (Seeking Alpha)The Growth Is Not GuaranteedDespite all of the growth opportunities described earlier in this article, Apple also continues to face several major challenges that could undermine its growth story. While some of the company’s businesses experienced major growth during the recent quarter, its iPhone sales declined from $39.67 billion in Q3’23 to $39.30 billion in Q3’24. The decline could be attributed to the company’s poor performance in China.The latest earnings report showed that Apple’s sales in Greater China were down 6.5% Y/Y to $14.7 billion. What’s more is that the iPhone’s market share in China decreased to only 14%, while China’s phone markets such as Huawei, Xiaomi, and others experienced growth and improved their positions in the Chinese smartphone market. Considering the inability of the company to revive growth in China, there’s a risk that it would be harder for Apple to meet its goals and especially exceed expectations in the future.At the same time, some investors might be disappointed about the potential revenues that Apple Intelligence will generate, since the company’s major generative AI tools are not expected to be released in China and Europe in the foreseeable future.What’s more, is that the recent selling of shares by Warren Buffett’s Berkshire Hathaway is not sending a positive signal to the market. While Warren Buffett stated that Apple will remain in his portfolio and his firm currently owns about 400 million shares, he nevertheless sold over ~500 million shares in the first half of the year. This could be viewed by someone as the signal to also sell shares as the upside could be limited, especially after the recent rally.Considering all of this, it seems that Apple’s stock also doesn’t provide enough margin of safety for investors at the current price. My DCF model from June showed that the company’s fair value is $176.30 per share. Given the successful performance in Q3, I made some upward revisions to the revenues and EBIT in the new model, which can be seen below.The assumptions for revenues and EBIT in the new model closely align with the overall expectations for the following years. The expectations for other metrics in my model correlate with Apple’s historical performance. The WACC of 8% closely aligns with the market’s average cost of capital, while the terminal growth rate of 3% mirrors the average inflation and GDP growth rate.Apple's DCF Model (Historical Data: Seeking Alpha, Assumptions: Author)Thanks to several upward revisions, the updated model shows that Apple’s fair value is $182.26 per share. While it’s slightly above the previous calculations, we nevertheless see that Apple remains overvalued at the current price and offers little margin of safety for investors.Apple's DCF Model (Historical Data: Seeking Alpha, Assumptions: Author)While the company’s shares mostly were able to recover from the latest depreciation caused by the broader market selloff, it’s still hard to justify a long position at the current price. By trading at over 30 times its forward earnings and over 8 times its forward sales, it seems that it’s better to look for alternative investment elsewhere, especially since the China-related risks remain.The Bottom LineApple is, without a doubt, a great company; but unfortunately, it trades at a relatively high price right now, which offers little margin of safety for investors. While it’s good to see the company returning to growth, Apple’s upside is likely to be limited due to the rising challenges that it faces, which could undermine its growth story. The fact that one of its biggest investors is selling his position also doesn’t send a positive signal to the market. That’s why at this stage Apple is only a HOLD for me as it’s likely that its shares will trade in-line with the rest of the market until the release of the Q4 earnings report in November.","news_type":1},"isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":275865043316984,"gmtCreate":1708388730910,"gmtModify":1708388734641,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/G13.SI\">$Genting Sing(G13.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>. Patient is the key of winning.&nbsp;","listText":"<a href=\"https://ttm.financial/S/G13.SI\">$Genting Sing(G13.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>. Patient is the key of winning.&nbsp;","text":"$Genting Sing(G13.SI)$ . Patient is the key of winning.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/275865043316984","isVote":1,"tweetType":1,"viewCount":399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940214785,"gmtCreate":1677945771047,"gmtModify":1677945774691,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":19,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940214785","repostId":"2316492950","repostType":4,"repost":{"id":"2316492950","kind":"highlight","pubTimestamp":1677987004,"share":"https://ttm.financial/m/news/2316492950?lang=&edition=fundamental","pubTime":"2023-03-05 11:30","market":"us","language":"en","title":"Want $1 Million in Retirement? Buy These 2 Stocks in 2023 and Hold for the Next Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2316492950","media":"Motley Fool","summary":"Don't let a potential bear market keep you on the sidelines.","content":"<html><head></head><body><p>Building a $1 million retirement nest egg is the dream of many investors. With the appropriate strategy, allocation, and investing time horizon, this isn&#39;t an impossible goal by any means. As you diversify your basket of stocks to work toward this achievement, it&#39;s important to select quality businesses across a wide variety of sectors with multiple catalysts to sustain continued returns over a period of years.</p><p>For example, if you were to invest $200,000 in the stock market right now, promising companies with innovative, industry-leading businesses ripe for future growth could foreseeably compound that investment by 5 times or more in the next decade. With that said, here are two such stocks that could help you build out your retirement plan.</p><h2>1. Upstart</h2><p><b>Upstart</b> is dealing with extremely choppy market waters right now; however, looking beyond these events to the company&#39;s long-term prospects, an altogether brighter picture forms. To understand why, one has to take a deeper look into the inner workings of Upstart and its business, which is driven by artificial intelligence and machine learning. The company operates a lending marketplace that revolves around its innovative technology platform, which leverages more than 1,600 data points to assess the creditworthiness of any given consumer. In other words, it doesn&#39;t just the FICO score but atypical factors like education and income to help determine this.</p><p>By using a far broader range of factors to determine whether an applicant ought to be approved for a loan, as well as the platform&#39;s predictive capabilities that calibrate to the economic environment to assess the likelihood of that applicant to default, Upstart has not only been able to democratize the long-stale lending arena but also lower risk for institutional partners with more inclusive and real-time data.</p><p>Moreover, because Upstart&#39;s platform is constantly learning, this not only enables it to adjust to the most current economic conditions, but this also means that more of the company&#39;s loan applications are being handled on a fully automated basis.</p><p>In Upstart&#39;s full-year 2022 earnings report, management said that 82% of all loan applications on the platform were fully automated -- the highest level of automation its model has reached in the history of the company. Moreover, 88% of all small-dollar loans are now automated. On top of that, as of the end of 2022, Upstart&#39;s model had learned more in the prior seven months than it had in the entire 30 months before that.</p><p>During 2022, Upstart&#39;s number of bank and credit union partners soared 120% from 2021, and its network of auto dealers jumped more than 90% year over year. Bear in mind, the auto lending market alone represents a near $800 billion opportunity, and as of the end of 2022, the company had the second-fastest-growing auto retail software in the country.</p><p>As Upstart&#39;s platform is constantly learning, a challenging economic environment is inevitably going to mean that it approves fewer loans than it would in a situation where the risk of default is lower, but this would also indicate the exact opposite would happen in a more buoyant economic landscape. At the same time, the combination of institutional partners funding far fewer loans right now and a drop in consumers applying for loans has contributed to the declines in Upstart&#39;s top and bottom lines recently. While investors will need to continue watching these factors closely in the quarters ahead, it&#39;s important to differentiate broader economic headwinds from headwinds tied directly to Upstart&#39;s business.</p><p>The fact that the company is expanding market share, boosting platform automation, and rapidly growing its partner network even in a decidedly bleak lending environment is notable, and could prime the business for a relatively rapid upward trajectory once the economic environment improves and interest rates come down. Even a conservative position in this top growth stock could yield tremendous results over the next five to 10 years when paired with a wide selection of investments in a buy-and-hold investment portfolio. That potential may be too intriguing for some investors to overlook while the stock&#39;s currently trading down.</p><h2>2. Teladoc</h2><p><b>Teladoc</b> investors -- and I am one of them -- have faced more than their fair share of volatile market days over the past year. While shares of this healthcare stock are still down 64% from 12 months ago, they&#39;ve risen roughly 15% since the start of 2023. The market has been far less kind toward unprofitable, growth-oriented businesses in the current economic environment, and Teladoc currently fits squarely into both categories.</p><p>The full 2022 year saw Teladoc achieve some notable goals, while falling short on other fronts. Revenue totaled $2.4 billion for the 12-month period, an 18% increase from 2021. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) was down year over year, but still hit $247 million. Teladoc also continues to see rapid adoption across a wide range of its healthcare services, with its teletherapy arm BetterHelp alone posting revenue growth of 29% year over year in the final quarter of 2022.</p><p>Teladoc reported a third impairment charge in Q4 of 2022 after having significantly shaved its net losses in the prior quarter. Specifically, it ended the 12-month period with a net loss of $13.7 billion, almost entirely due to impairment charges related to writing down the value of its 2020 Livongo acquisition. Here&#39;s the thing, though: While this loss is unpleasant to look at as an investor, these were non-cash impairment charges. In other words, paper-only net losses, which are not the same as actual operational losses.</p><p>Even though Teladoc overpaid for that acquisition, its contribution to its overall mission of disrupting the still underserved chronic care solutions market remains a notable green flag for the long-term future of the integration of these two businesses. CEO Jason Gorevic noted the following about its chronic care segment and broader platform expansion on the company&#39;s 2022 earnings call:</p><blockquote>Access to our platform is available to over 80 million individuals in the U.S. today, primarily through our relationships with employers and health plans. Over 50% of that population has access to more than one of our products. And when I look at our suite of chronic care solutions, 30% of enrollees are now utilizing more than one chronic care product. Our BetterHelp offering provided over 1 million individuals with access to mental healthcare over the past year, many of whom are unlikely to have received any care at all, if not for our services.</blockquote><blockquote>Our platform enabled over 22 million visits across specialties last year and over 0.5 billion digital health interactions with an unmatched consumer experience and a net promoter score over 60. That breadth and scale is unrivaled in the industry and gives us a strong foundation on which to expand.</blockquote><p>Teladoc remains the premier telehealth platform in the U.S., and the increasing diversity and adoption of its offerings bode well for its ability to continue expanding its market share in the years ahead. Management has been clear that moving back to profitability is a key goal for the future. The investments Teladoc is making now could yield robust returns for the company and its shareholders in the years ahead. As such, given Teladoc&#39;s long trajectory for growth, forward-thinking investors may find any dips in the stock to be too good to pass up.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Want $1 Million in Retirement? Buy These 2 Stocks in 2023 and Hold for the Next Decade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWant $1 Million in Retirement? Buy These 2 Stocks in 2023 and Hold for the Next Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-05 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/03/03/want-1-million-in-retirement-buy-these-2-stocks-in/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Building a $1 million retirement nest egg is the dream of many investors. With the appropriate strategy, allocation, and investing time horizon, this isn't an impossible goal by any means. As you ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/03/03/want-1-million-in-retirement-buy-these-2-stocks-in/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TDOC":"Teladoc Health Inc.","UPST":"Upstart Holdings, Inc."},"source_url":"https://www.fool.com/investing/2023/03/03/want-1-million-in-retirement-buy-these-2-stocks-in/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2316492950","content_text":"Building a $1 million retirement nest egg is the dream of many investors. With the appropriate strategy, allocation, and investing time horizon, this isn't an impossible goal by any means. As you diversify your basket of stocks to work toward this achievement, it's important to select quality businesses across a wide variety of sectors with multiple catalysts to sustain continued returns over a period of years.For example, if you were to invest $200,000 in the stock market right now, promising companies with innovative, industry-leading businesses ripe for future growth could foreseeably compound that investment by 5 times or more in the next decade. With that said, here are two such stocks that could help you build out your retirement plan.1. UpstartUpstart is dealing with extremely choppy market waters right now; however, looking beyond these events to the company's long-term prospects, an altogether brighter picture forms. To understand why, one has to take a deeper look into the inner workings of Upstart and its business, which is driven by artificial intelligence and machine learning. The company operates a lending marketplace that revolves around its innovative technology platform, which leverages more than 1,600 data points to assess the creditworthiness of any given consumer. In other words, it doesn't just the FICO score but atypical factors like education and income to help determine this.By using a far broader range of factors to determine whether an applicant ought to be approved for a loan, as well as the platform's predictive capabilities that calibrate to the economic environment to assess the likelihood of that applicant to default, Upstart has not only been able to democratize the long-stale lending arena but also lower risk for institutional partners with more inclusive and real-time data.Moreover, because Upstart's platform is constantly learning, this not only enables it to adjust to the most current economic conditions, but this also means that more of the company's loan applications are being handled on a fully automated basis.In Upstart's full-year 2022 earnings report, management said that 82% of all loan applications on the platform were fully automated -- the highest level of automation its model has reached in the history of the company. Moreover, 88% of all small-dollar loans are now automated. On top of that, as of the end of 2022, Upstart's model had learned more in the prior seven months than it had in the entire 30 months before that.During 2022, Upstart's number of bank and credit union partners soared 120% from 2021, and its network of auto dealers jumped more than 90% year over year. Bear in mind, the auto lending market alone represents a near $800 billion opportunity, and as of the end of 2022, the company had the second-fastest-growing auto retail software in the country.As Upstart's platform is constantly learning, a challenging economic environment is inevitably going to mean that it approves fewer loans than it would in a situation where the risk of default is lower, but this would also indicate the exact opposite would happen in a more buoyant economic landscape. At the same time, the combination of institutional partners funding far fewer loans right now and a drop in consumers applying for loans has contributed to the declines in Upstart's top and bottom lines recently. While investors will need to continue watching these factors closely in the quarters ahead, it's important to differentiate broader economic headwinds from headwinds tied directly to Upstart's business.The fact that the company is expanding market share, boosting platform automation, and rapidly growing its partner network even in a decidedly bleak lending environment is notable, and could prime the business for a relatively rapid upward trajectory once the economic environment improves and interest rates come down. Even a conservative position in this top growth stock could yield tremendous results over the next five to 10 years when paired with a wide selection of investments in a buy-and-hold investment portfolio. That potential may be too intriguing for some investors to overlook while the stock's currently trading down.2. TeladocTeladoc investors -- and I am one of them -- have faced more than their fair share of volatile market days over the past year. While shares of this healthcare stock are still down 64% from 12 months ago, they've risen roughly 15% since the start of 2023. The market has been far less kind toward unprofitable, growth-oriented businesses in the current economic environment, and Teladoc currently fits squarely into both categories.The full 2022 year saw Teladoc achieve some notable goals, while falling short on other fronts. Revenue totaled $2.4 billion for the 12-month period, an 18% increase from 2021. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) was down year over year, but still hit $247 million. Teladoc also continues to see rapid adoption across a wide range of its healthcare services, with its teletherapy arm BetterHelp alone posting revenue growth of 29% year over year in the final quarter of 2022.Teladoc reported a third impairment charge in Q4 of 2022 after having significantly shaved its net losses in the prior quarter. Specifically, it ended the 12-month period with a net loss of $13.7 billion, almost entirely due to impairment charges related to writing down the value of its 2020 Livongo acquisition. Here's the thing, though: While this loss is unpleasant to look at as an investor, these were non-cash impairment charges. In other words, paper-only net losses, which are not the same as actual operational losses.Even though Teladoc overpaid for that acquisition, its contribution to its overall mission of disrupting the still underserved chronic care solutions market remains a notable green flag for the long-term future of the integration of these two businesses. CEO Jason Gorevic noted the following about its chronic care segment and broader platform expansion on the company's 2022 earnings call:Access to our platform is available to over 80 million individuals in the U.S. today, primarily through our relationships with employers and health plans. Over 50% of that population has access to more than one of our products. And when I look at our suite of chronic care solutions, 30% of enrollees are now utilizing more than one chronic care product. Our BetterHelp offering provided over 1 million individuals with access to mental healthcare over the past year, many of whom are unlikely to have received any care at all, if not for our services.Our platform enabled over 22 million visits across specialties last year and over 0.5 billion digital health interactions with an unmatched consumer experience and a net promoter score over 60. That breadth and scale is unrivaled in the industry and gives us a strong foundation on which to expand.Teladoc remains the premier telehealth platform in the U.S., and the increasing diversity and adoption of its offerings bode well for its ability to continue expanding its market share in the years ahead. Management has been clear that moving back to profitability is a key goal for the future. The investments Teladoc is making now could yield robust returns for the company and its shareholders in the years ahead. As such, given Teladoc's long trajectory for growth, forward-thinking investors may find any dips in the stock to be too good to pass up.","news_type":1},"isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957071273,"gmtCreate":1676852074293,"gmtModify":1676852078416,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":16,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9957071273","repostId":"1197195026","repostType":4,"repost":{"id":"1197195026","kind":"news","pubTimestamp":1676851327,"share":"https://ttm.financial/m/news/1197195026?lang=&edition=fundamental","pubTime":"2023-02-20 08:02","market":"us","language":"en","title":"The Fed Minutes May Reveal A Steep Rise In Rates On The Horizon","url":"https://stock-news.laohu8.com/highlight/detail?id=1197195026","media":"Seeking Alpha","summary":"SummaryFed minutes will be released on Wednesday, February 22.Hot economy data suggest the Fed is no","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Fed minutes will be released on Wednesday, February 22.</li><li>Hot economy data suggest the Fed is nowhere close to pausing its rate hiking cycle.</li><li>That means that rates will be even higher than previously thought.</li></ul><p>This week&#39;s Fed minutes could reveal a few surprises to investors, but more importantly, it is likely to lay out the Fed&#39;s plans for the path of rate hikes. Powell referenced at the FOMC meeting that the minutes would reveal the Fed&#39;s discussion regarding what it is looking for to decide when to pause its rate hiking cycle.</p><p>One of the big surprises will likely show that not all Fed members were on board with slowing the pace of rate hikes. This past week, Cleveland and St. Louis Fed Presidents Loretta Mester and Jim Bullard noted they would have favored a 50 bps rate hike. Neither of them is a voting member, perhaps giving them room to be on the more hawkish side of things.</p><p><b>Higher For Much Longer</b></p><p>While the minutes may not reveal much new, they will likely confirm that no pause is coming soon. The hurdle for pausing is high enough that the risk is that the Fed will have to raise rates higher than previously thought and that rates may have to stay higher for much longer than previously thought. The most significant adjustments to the Fed Funds Futures curve have come at the back of the curve, with the August 2024 contracts rising by nearly 100 bps over the past month.</p><p><img src=\"https://static.tigerbbs.com/615324a95317e2bbe5d5aa9de5ede951\" tg-width=\"640\" tg-height=\"581\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Bloomberg</p><p>Additionally, the minutes will likely reflect the desire to see several months of inflation data, suggesting the Fed is on pace to reach its 2% target. Additionally, the minutes will reflect that the job market remains too tight and that wage pressures are not consistent with a 2% inflation rate, while the number of job openings remains high relative to the number of unemployed and that softness in the labor market has not developed yet. The Fed has desired to slow the economy without killing the job market. The easiest way to bring the supply and demand dynamic back into balance is to slow demand so that the number of job openings to the number of unemployed falls back to pre-pandemic levels. Meanwhile, a rising labor participation rate would be highly desirable.</p><p><img src=\"https://static.tigerbbs.com/a58dc527ecd4cf28f52b9128afd3b78f\" tg-width=\"640\" tg-height=\"357\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Bloomberg</p><p><b>Data Is Not Supportive For A Pause</b></p><p>The January job report showed that the unemployment rate fell, and job openings remained very high. This has left nearly two job openings for every unemployed person. On top of that, the recent wage growth in January ran hotter than expected on a year-over-year basis at 4.4%, while December&#39;s data was revised higher to 4.8%. To achieve a 2% inflation rate, the Fed would likely want to see wage growth of around 3%.</p><p>Additionally, the combination of the hot CPI, PPI, and stronger-than-expected import prices ex-petroleum suggest that the pace of inflation has slowed, but they also indicate that it isn&#39;t going to vanish either.</p><p>This week&#39;s CPI report suggests that inflation is not currently on pace to reach the Fed&#39;s target. All it took was three months of financial conditions easing for January&#39;s CPI to rise by 0.5% for the month. The PCE report on February 24 is also expected to show that inflation was strong in January, rising by 0.5% month-over-month, up from 0.1% in December and up 5% year-over-year, in line with December. Meanwhile, core PCE is expected to rise 0.4% in January, up from 0.3% month-over-month in December and up 4.3% year-over-year, versus 4.4% in December.</p><p><b>Financial Conditions Should Begin To Tighten</b></p><p>All of the data suggests a Fed pause is nowhere close, and now the market is pricing in rates going higher than the Fed&#39;s December projections. The August Fed Funds Futures contract is now trading at 5.3%, which suggests an additional 25 bps rate hike likely in June. The expectations for higher terminal rates have helped to lift bond yields and strengthen the dollar, and high yield credit spreads to widen, which have also helped to start tightening financial conditions.</p><p><img src=\"https://static.tigerbbs.com/a28fc2120e65e57a2c37a5fd5ae3053a\" tg-width=\"640\" tg-height=\"267\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Bloomberg</p><p>The tighter financial conditions become, the more stocks will struggle, and that effect of tight conditions has already been witnessed. The Goldman Sachs financial conditions index has risen to 99.87 from 99.40 on February 2. That has resulted in the S&amp;P 500 falling from 4180 to 4079 over the same time. As conditions tighten further, the S&amp;P 500 is likely to fall further.</p><p>The minutes are likely to confirm to the market that it will take significant further progress to meet the Fed&#39;s goal to pause, which should help tighten financial conditions further and start to slow the economy.</p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Fed Minutes May Reveal A Steep Rise In Rates On The Horizon</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Fed Minutes May Reveal A Steep Rise In Rates On The Horizon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-20 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4579816-fed-minutes-may-reveal-steep-rise-rates><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryFed minutes will be released on Wednesday, February 22.Hot economy data suggest the Fed is nowhere close to pausing its rate hiking cycle.That means that rates will be even higher than ...</p>\n\n<a href=\"https://seekingalpha.com/article/4579816-fed-minutes-may-reveal-steep-rise-rates\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://seekingalpha.com/article/4579816-fed-minutes-may-reveal-steep-rise-rates","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197195026","content_text":"SummaryFed minutes will be released on Wednesday, February 22.Hot economy data suggest the Fed is nowhere close to pausing its rate hiking cycle.That means that rates will be even higher than previously thought.This week's Fed minutes could reveal a few surprises to investors, but more importantly, it is likely to lay out the Fed's plans for the path of rate hikes. Powell referenced at the FOMC meeting that the minutes would reveal the Fed's discussion regarding what it is looking for to decide when to pause its rate hiking cycle.One of the big surprises will likely show that not all Fed members were on board with slowing the pace of rate hikes. This past week, Cleveland and St. Louis Fed Presidents Loretta Mester and Jim Bullard noted they would have favored a 50 bps rate hike. Neither of them is a voting member, perhaps giving them room to be on the more hawkish side of things.Higher For Much LongerWhile the minutes may not reveal much new, they will likely confirm that no pause is coming soon. The hurdle for pausing is high enough that the risk is that the Fed will have to raise rates higher than previously thought and that rates may have to stay higher for much longer than previously thought. The most significant adjustments to the Fed Funds Futures curve have come at the back of the curve, with the August 2024 contracts rising by nearly 100 bps over the past month.BloombergAdditionally, the minutes will likely reflect the desire to see several months of inflation data, suggesting the Fed is on pace to reach its 2% target. Additionally, the minutes will reflect that the job market remains too tight and that wage pressures are not consistent with a 2% inflation rate, while the number of job openings remains high relative to the number of unemployed and that softness in the labor market has not developed yet. The Fed has desired to slow the economy without killing the job market. The easiest way to bring the supply and demand dynamic back into balance is to slow demand so that the number of job openings to the number of unemployed falls back to pre-pandemic levels. Meanwhile, a rising labor participation rate would be highly desirable.BloombergData Is Not Supportive For A PauseThe January job report showed that the unemployment rate fell, and job openings remained very high. This has left nearly two job openings for every unemployed person. On top of that, the recent wage growth in January ran hotter than expected on a year-over-year basis at 4.4%, while December's data was revised higher to 4.8%. To achieve a 2% inflation rate, the Fed would likely want to see wage growth of around 3%.Additionally, the combination of the hot CPI, PPI, and stronger-than-expected import prices ex-petroleum suggest that the pace of inflation has slowed, but they also indicate that it isn't going to vanish either.This week's CPI report suggests that inflation is not currently on pace to reach the Fed's target. All it took was three months of financial conditions easing for January's CPI to rise by 0.5% for the month. The PCE report on February 24 is also expected to show that inflation was strong in January, rising by 0.5% month-over-month, up from 0.1% in December and up 5% year-over-year, in line with December. Meanwhile, core PCE is expected to rise 0.4% in January, up from 0.3% month-over-month in December and up 4.3% year-over-year, versus 4.4% in December.Financial Conditions Should Begin To TightenAll of the data suggests a Fed pause is nowhere close, and now the market is pricing in rates going higher than the Fed's December projections. The August Fed Funds Futures contract is now trading at 5.3%, which suggests an additional 25 bps rate hike likely in June. The expectations for higher terminal rates have helped to lift bond yields and strengthen the dollar, and high yield credit spreads to widen, which have also helped to start tightening financial conditions.BloombergThe tighter financial conditions become, the more stocks will struggle, and that effect of tight conditions has already been witnessed. The Goldman Sachs financial conditions index has risen to 99.87 from 99.40 on February 2. That has resulted in the S&P 500 falling from 4180 to 4079 over the same time. As conditions tighten further, the S&P 500 is likely to fall further.The minutes are likely to confirm to the market that it will take significant further progress to meet the Fed's goal to pause, which should help tighten financial conditions further and start to slow the economy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9919893618,"gmtCreate":1663767711635,"gmtModify":1676537332264,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/9919893618","repostId":"1152960933","repostType":4,"repost":{"id":"1152960933","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1663767277,"share":"https://ttm.financial/m/news/1152960933?lang=&edition=fundamental","pubTime":"2022-09-21 21:34","market":"us","language":"en","title":"Dow Opens 100 Points Higher As Wall Street Braces for Fed Rate-Hike Decision","url":"https://stock-news.laohu8.com/highlight/detail?id=1152960933","media":"Tiger Newspress","summary":"U.S. stocks gained at Wednesday's open as the Federal Reserve’s highly-anticipated rate announcement","content":"<html><head></head><body><p>U.S. stocks gained at Wednesday&#39;s open as the Federal Reserve’s highly-anticipated rate announcement kept investors on edge.</p><p>The benchmark S&amp;P 500 rose 0.5% early into the session, while the Dow Jones Industrial Average added 170 points, or 0.6%. The technology-heavy Nasdaq Composite advanced roughly 0.4%.</p><p>Moves in the early trade come afterall three major averages retreated roughly 1%in the previous session and the VIX – Wall Street’s volatility gauge – edged up 5.4% to 27.16.</p><p>Activity across the bond market has been closely watched all week. Treasury yields paused a perilous climb Wednesday morning but remained near fresh highs. The benchmark U.S. 10-year note held above 3.5%, its highest level since 2011, while the 2-year Treasury note was well above a 15-year high of 3.9%.</p><p>Among market movers early Wednesday was General Mills (GIS), which rose nearly 4% at open after the company reported better-than-expected quarterly earnings and raised its full-year sales outlook as it benefits from higher prices on breakfast cereals, snack bars and pet food.</p><p>Beyond Meat (BYND) shares gained more than 2% afterannouncing a partnership with Taco Bell(YUM) on their first menu collaboration: Beyond Carne Asada Steak. The news helped BYND claw back from a nearly 3% drop pre-market after the meat substitute producer suspended Chief Operating Officer Doug Ramsey over his arrest for allegedlybiting a man’s nose this weekendin a road rage incident.</p><p>Stitch Fix (SFIX) shares tanked nearly 5% after the company reported disappointing fourth-quarter revenue expectations and sales guidance and posted a drop in active clients.</p><p>U.S. central bank officials are set to deliver athird-consecutive 75-basis-point increaseto their benchmark policy rate Wednesday at 2 p.m. ET. at the conclusion of policy-setting discussions.</p><p>Market participants will also tune in to remarks fromFed Chair Jerome Powellfollowing the meeting, along with the economic projections of U.S. central bank members and the latest dot plot showing each official’s forecast for the Fed’s short-term interest rate.</p><p>“The meeting-by-meeting and data-dependent approach that central banks around the world have adopted will allow for some easing in the pace of monetary policy tightening in the coming months, but central bankers have warned that such action would only happen if, and when there is compelling evidence of inflation cooling,” EY Parthenon Chief Economist Gregory Daco said in a note.</p><p>Across the Atlantic, Russian President Vladimir Putinannounced a “partial mobilization” of Ukraineand vowed to annex occupied territories. In a televised message, he called the moves “urgent, necessary steps to defend the sovereignty, security and territorial integrity of Russia.”</p><p>The threat of an escalation in Russia’s war against Ukraine rattled markets. Oil prices climbed, with West Texas Intermediate (WTI) crude futures up 2.5% to $86.07 per barrel and Brent crude oil 2.4% higher at $92.81 per barrel. The dollar rallied toward a fresh record high while the euro slid. In crypto markets, bitcoin (BTC-USD) fell back below $19,000.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow Opens 100 Points Higher As Wall Street Braces for Fed Rate-Hike Decision</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow Opens 100 Points Higher As Wall Street Braces for Fed Rate-Hike Decision\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-21 21:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stocks gained at Wednesday&#39;s open as the Federal Reserve’s highly-anticipated rate announcement kept investors on edge.</p><p>The benchmark S&amp;P 500 rose 0.5% early into the session, while the Dow Jones Industrial Average added 170 points, or 0.6%. The technology-heavy Nasdaq Composite advanced roughly 0.4%.</p><p>Moves in the early trade come afterall three major averages retreated roughly 1%in the previous session and the VIX – Wall Street’s volatility gauge – edged up 5.4% to 27.16.</p><p>Activity across the bond market has been closely watched all week. Treasury yields paused a perilous climb Wednesday morning but remained near fresh highs. The benchmark U.S. 10-year note held above 3.5%, its highest level since 2011, while the 2-year Treasury note was well above a 15-year high of 3.9%.</p><p>Among market movers early Wednesday was General Mills (GIS), which rose nearly 4% at open after the company reported better-than-expected quarterly earnings and raised its full-year sales outlook as it benefits from higher prices on breakfast cereals, snack bars and pet food.</p><p>Beyond Meat (BYND) shares gained more than 2% afterannouncing a partnership with Taco Bell(YUM) on their first menu collaboration: Beyond Carne Asada Steak. The news helped BYND claw back from a nearly 3% drop pre-market after the meat substitute producer suspended Chief Operating Officer Doug Ramsey over his arrest for allegedlybiting a man’s nose this weekendin a road rage incident.</p><p>Stitch Fix (SFIX) shares tanked nearly 5% after the company reported disappointing fourth-quarter revenue expectations and sales guidance and posted a drop in active clients.</p><p>U.S. central bank officials are set to deliver athird-consecutive 75-basis-point increaseto their benchmark policy rate Wednesday at 2 p.m. ET. at the conclusion of policy-setting discussions.</p><p>Market participants will also tune in to remarks fromFed Chair Jerome Powellfollowing the meeting, along with the economic projections of U.S. central bank members and the latest dot plot showing each official’s forecast for the Fed’s short-term interest rate.</p><p>“The meeting-by-meeting and data-dependent approach that central banks around the world have adopted will allow for some easing in the pace of monetary policy tightening in the coming months, but central bankers have warned that such action would only happen if, and when there is compelling evidence of inflation cooling,” EY Parthenon Chief Economist Gregory Daco said in a note.</p><p>Across the Atlantic, Russian President Vladimir Putinannounced a “partial mobilization” of Ukraineand vowed to annex occupied territories. In a televised message, he called the moves “urgent, necessary steps to defend the sovereignty, security and territorial integrity of Russia.”</p><p>The threat of an escalation in Russia’s war against Ukraine rattled markets. Oil prices climbed, with West Texas Intermediate (WTI) crude futures up 2.5% to $86.07 per barrel and Brent crude oil 2.4% higher at $92.81 per barrel. The dollar rallied toward a fresh record high while the euro slid. In crypto markets, bitcoin (BTC-USD) fell back below $19,000.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152960933","content_text":"U.S. stocks gained at Wednesday's open as the Federal Reserve’s highly-anticipated rate announcement kept investors on edge.The benchmark S&P 500 rose 0.5% early into the session, while the Dow Jones Industrial Average added 170 points, or 0.6%. The technology-heavy Nasdaq Composite advanced roughly 0.4%.Moves in the early trade come afterall three major averages retreated roughly 1%in the previous session and the VIX – Wall Street’s volatility gauge – edged up 5.4% to 27.16.Activity across the bond market has been closely watched all week. Treasury yields paused a perilous climb Wednesday morning but remained near fresh highs. The benchmark U.S. 10-year note held above 3.5%, its highest level since 2011, while the 2-year Treasury note was well above a 15-year high of 3.9%.Among market movers early Wednesday was General Mills (GIS), which rose nearly 4% at open after the company reported better-than-expected quarterly earnings and raised its full-year sales outlook as it benefits from higher prices on breakfast cereals, snack bars and pet food.Beyond Meat (BYND) shares gained more than 2% afterannouncing a partnership with Taco Bell(YUM) on their first menu collaboration: Beyond Carne Asada Steak. The news helped BYND claw back from a nearly 3% drop pre-market after the meat substitute producer suspended Chief Operating Officer Doug Ramsey over his arrest for allegedlybiting a man’s nose this weekendin a road rage incident.Stitch Fix (SFIX) shares tanked nearly 5% after the company reported disappointing fourth-quarter revenue expectations and sales guidance and posted a drop in active clients.U.S. central bank officials are set to deliver athird-consecutive 75-basis-point increaseto their benchmark policy rate Wednesday at 2 p.m. ET. at the conclusion of policy-setting discussions.Market participants will also tune in to remarks fromFed Chair Jerome Powellfollowing the meeting, along with the economic projections of U.S. central bank members and the latest dot plot showing each official’s forecast for the Fed’s short-term interest rate.“The meeting-by-meeting and data-dependent approach that central banks around the world have adopted will allow for some easing in the pace of monetary policy tightening in the coming months, but central bankers have warned that such action would only happen if, and when there is compelling evidence of inflation cooling,” EY Parthenon Chief Economist Gregory Daco said in a note.Across the Atlantic, Russian President Vladimir Putinannounced a “partial mobilization” of Ukraineand vowed to annex occupied territories. In a televised message, he called the moves “urgent, necessary steps to defend the sovereignty, security and territorial integrity of Russia.”The threat of an escalation in Russia’s war against Ukraine rattled markets. Oil prices climbed, with West Texas Intermediate (WTI) crude futures up 2.5% to $86.07 per barrel and Brent crude oil 2.4% higher at $92.81 per barrel. The dollar rallied toward a fresh record high while the euro slid. In crypto markets, bitcoin (BTC-USD) fell back below $19,000.","news_type":1},"isVote":1,"tweetType":1,"viewCount":169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940203757,"gmtCreate":1677904888180,"gmtModify":1677904891642,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":17,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940203757","repostId":"2316275479","repostType":4,"repost":{"id":"2316275479","kind":"highlight","pubTimestamp":1677896175,"share":"https://ttm.financial/m/news/2316275479?lang=&edition=fundamental","pubTime":"2023-03-04 10:16","market":"us","language":"en","title":"These Dividend Stocks Can Double Your Money in Under 6 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=2316275479","media":"Motley Fool","summary":"Doubling in under six years will lead to impressive market outperformance.","content":"<html><head></head><body><p>As a rule of thumb, the <b>S&amp;P 500 </b>doubles once every seven to eight years. If you can consistently find stocks with the potential to double in six years, then you&#39;ve got a market-beating strategy that can place you well ahead of the pack.</p><p>To double in six years requires a compound annual growth rate of 12.3%. While outright growth can achieve this, dividends from more mature companies can also play a crucial role in achieving this level of outperformance. So let&#39;s take a look at some dividend stocks that could double in six years.</p><h2>1. Taiwan Semiconductor</h2><p><b>Taiwan Semiconductor </b>emerged as one of the top semiconductor foundries worldwide. Its cutting-edge processes with 3nm (nanometer) and 5nm chips have given it a key technological edge over many other chipmakers, which has helped power the stock to massive growth.</p><p>Unlike other chip companies, Taiwan Semiconductor doesn&#39;t market its chips to consumers. Instead, it produces chips for some of the tech leaders like <b>Apple </b>and <b>Nvidia</b>. However, as the electronics market loses steam, the chip industry may be going through a downward phase in its usual cycle.</p><p>Still, Wall Street analysts project flat revenue this year and expect it to deliver 21% growth in 2024. While earnings will likely fall this year thanks to a weaker chip market, Taiwan Semiconductor still trades a cheap 15.3 times forward earnings, which uses 2023 projections.</p><p>Although the business may be in a downturn now, the chips Taiwan Semiconductor currently produces are still a worthwhile upgrade. Additionally, it&#39;s likely working on new technology that will become the next evolution in the chip space.</p><p>With the stock sporting a 2% dividend yield, Taiwan Semiconductor is a strong candidate for a company that can outperform the market and double within six years.</p><h2>2. Prologis</h2><p>Real estate investment trusts (REITs) are tax-advantaged because they are required to pay out 90% of their earnings as dividends. REITs don&#39;t have to pay taxes on the dividends they pay because of this classification, so it provides shareholders with a generous dividend payout. <b>Prologis</b> is classified as a REIT and focuses on industrial warehouses. If you&#39;ve seen a distribution center with concrete walls that sprung up seemingly overnight, that&#39;s the type of building Prologis owns. However, with warehouses in 28 cities in the U.S. and only in 19 different countires, Prologis has a lot of room for growth.</p><p>The company estimates $2.7 trillion in goods flow through its distribution centers annually, accounting for nearly 3% of the world&#39;s GDP. With the current trend of commerce, it&#39;s likely that more distribution centers will be needed globally to support e-commerce buildout. With 98% of its buildings occupied during the fourth quarter, it&#39;s clear that the market opportunity hasn&#39;t been saturated either.</p><p>Prologis also issued strong 2023 guidance, with core funds from operation (FFO, a metric REITs utilize to convey earnings better) expected to grow 9.5%. While that may not sound like market-crushing growth, it also pays a respectable 2.8% dividend yield. The growth and dividend combined yield a powerful combination that should fuel the stock to beat the market.</p><p>With strong demand for warehouses still present, Prologis has a bright future ahead.</p><h2>3. <a href=\"https://laohu8.com/S/V\">Visa</a></h2><p><b>Visa</b>&#39;s dividend isn&#39;t as generous as the others -- it only yields 0.75%. However, its growth potential surpasses Taiwan Semiconductor and Prologis.</p><p>Visa&#39;s payment processing network is the largest of its kind and processed over $3 trillion in the first quarter of fiscal year 2023 (ended Dec. 31, 2022). From that $3 trillion, it generated $7.9 billion in revenue in the first quarter, indicating it takes about 0.26% of the volume it processes as fees for utilizing its network.</p><p>As the world moves to a cashless society, Visa&#39;s processed payment volume will continue to grow, giving it the opportunity to expand its reach over the next six years. The stock is also historically cheap when assessed from a price-to-earnings standpoint.</p><p><img src=\"https://static.tigerbbs.com/4ce9867b65ca3cd257bbc3b1ee2156ea\" tg-width=\"720\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/></p><p>V PE Ratio data by YCharts.</p><p>Additionally, Visa has paid a steadily growing dividend over the past 14 years and only pays out about 20% of its free cash flow, indicating management could substantially expand its dividend over the next decade.</p><p>Visa is the largest payment processor of its kind, and it&#39;s unlikely we will revert to using more cash in the next six years, so Visa will stand to benefit from the shift. With Wall Street analysts projecting 10.4% and 11.1% growth in FY 2023 and 2024, Visa still has plenty of room to grow.</p><h2>Keep or reinvest the dividends?</h2><p>All three of these stocks more than doubled over the past six years, stomping the S&amp;P 500. However, choosing to reinvest the dividends in the company instead of taking them paid off big time.</p><p><img src=\"https://static.tigerbbs.com/5409a5188c14aced985466a42f9f874e\" tg-width=\"720\" tg-height=\"565\" referrerpolicy=\"no-referrer\"/></p><p>V data by YCharts.</p><p>On the bottom of the above chart is what happens when you reinvest the dividends; on the top is if you choose to take them in cash. As you can see, reinvesting the dividends made a huge difference in the performance of all three companies.</p><p>If you don&#39;t need the cash flows and you believe the stock will outperform in the long run, then reinvesting dividends is a smart move. If I were to take a position in this trio today, I&#39;d reinvest the dividends, as each company still has a bright future ahead.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These Dividend Stocks Can Double Your Money in Under 6 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese Dividend Stocks Can Double Your Money in Under 6 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-04 10:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/03/03/these-dividend-stocks-can-double-your-money-in-und/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As a rule of thumb, the S&P 500 doubles once every seven to eight years. If you can consistently find stocks with the potential to double in six years, then you've got a market-beating strategy that ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/03/03/these-dividend-stocks-can-double-your-money-in-und/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"V":"Visa","TSM":"台积电","PLD":"安博"},"source_url":"https://www.fool.com/investing/2023/03/03/these-dividend-stocks-can-double-your-money-in-und/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2316275479","content_text":"As a rule of thumb, the S&P 500 doubles once every seven to eight years. If you can consistently find stocks with the potential to double in six years, then you've got a market-beating strategy that can place you well ahead of the pack.To double in six years requires a compound annual growth rate of 12.3%. While outright growth can achieve this, dividends from more mature companies can also play a crucial role in achieving this level of outperformance. So let's take a look at some dividend stocks that could double in six years.1. Taiwan SemiconductorTaiwan Semiconductor emerged as one of the top semiconductor foundries worldwide. Its cutting-edge processes with 3nm (nanometer) and 5nm chips have given it a key technological edge over many other chipmakers, which has helped power the stock to massive growth.Unlike other chip companies, Taiwan Semiconductor doesn't market its chips to consumers. Instead, it produces chips for some of the tech leaders like Apple and Nvidia. However, as the electronics market loses steam, the chip industry may be going through a downward phase in its usual cycle.Still, Wall Street analysts project flat revenue this year and expect it to deliver 21% growth in 2024. While earnings will likely fall this year thanks to a weaker chip market, Taiwan Semiconductor still trades a cheap 15.3 times forward earnings, which uses 2023 projections.Although the business may be in a downturn now, the chips Taiwan Semiconductor currently produces are still a worthwhile upgrade. Additionally, it's likely working on new technology that will become the next evolution in the chip space.With the stock sporting a 2% dividend yield, Taiwan Semiconductor is a strong candidate for a company that can outperform the market and double within six years.2. PrologisReal estate investment trusts (REITs) are tax-advantaged because they are required to pay out 90% of their earnings as dividends. REITs don't have to pay taxes on the dividends they pay because of this classification, so it provides shareholders with a generous dividend payout. Prologis is classified as a REIT and focuses on industrial warehouses. If you've seen a distribution center with concrete walls that sprung up seemingly overnight, that's the type of building Prologis owns. However, with warehouses in 28 cities in the U.S. and only in 19 different countires, Prologis has a lot of room for growth.The company estimates $2.7 trillion in goods flow through its distribution centers annually, accounting for nearly 3% of the world's GDP. With the current trend of commerce, it's likely that more distribution centers will be needed globally to support e-commerce buildout. With 98% of its buildings occupied during the fourth quarter, it's clear that the market opportunity hasn't been saturated either.Prologis also issued strong 2023 guidance, with core funds from operation (FFO, a metric REITs utilize to convey earnings better) expected to grow 9.5%. While that may not sound like market-crushing growth, it also pays a respectable 2.8% dividend yield. The growth and dividend combined yield a powerful combination that should fuel the stock to beat the market.With strong demand for warehouses still present, Prologis has a bright future ahead.3. VisaVisa's dividend isn't as generous as the others -- it only yields 0.75%. However, its growth potential surpasses Taiwan Semiconductor and Prologis.Visa's payment processing network is the largest of its kind and processed over $3 trillion in the first quarter of fiscal year 2023 (ended Dec. 31, 2022). From that $3 trillion, it generated $7.9 billion in revenue in the first quarter, indicating it takes about 0.26% of the volume it processes as fees for utilizing its network.As the world moves to a cashless society, Visa's processed payment volume will continue to grow, giving it the opportunity to expand its reach over the next six years. The stock is also historically cheap when assessed from a price-to-earnings standpoint.V PE Ratio data by YCharts.Additionally, Visa has paid a steadily growing dividend over the past 14 years and only pays out about 20% of its free cash flow, indicating management could substantially expand its dividend over the next decade.Visa is the largest payment processor of its kind, and it's unlikely we will revert to using more cash in the next six years, so Visa will stand to benefit from the shift. With Wall Street analysts projecting 10.4% and 11.1% growth in FY 2023 and 2024, Visa still has plenty of room to grow.Keep or reinvest the dividends?All three of these stocks more than doubled over the past six years, stomping the S&P 500. However, choosing to reinvest the dividends in the company instead of taking them paid off big time.V data by YCharts.On the bottom of the above chart is what happens when you reinvest the dividends; on the top is if you choose to take them in cash. As you can see, reinvesting the dividends made a huge difference in the performance of all three companies.If you don't need the cash flows and you believe the stock will outperform in the long run, then reinvesting dividends is a smart move. If I were to take a position in this trio today, I'd reinvest the dividends, as each company still has a bright future ahead.","news_type":1},"isVote":1,"tweetType":1,"viewCount":23,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957276517,"gmtCreate":1677343228340,"gmtModify":1677343232824,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":17,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957276517","repostId":"1117520516","repostType":4,"repost":{"id":"1117520516","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1677334099,"share":"https://ttm.financial/m/news/1117520516?lang=&edition=fundamental","pubTime":"2023-02-25 22:08","market":"us","language":"en","title":"Buffett’s Annual Letter: Berkshire Will Always Hold a Boatload of Cash and U.S. Treasury Bills","url":"https://stock-news.laohu8.com/highlight/detail?id=1117520516","media":"Tiger Newspress","summary":"Warren Buffett is still betting on America.Stocks and bonds slumped in 2022 after central banks rais","content":"<html><head></head><body><p>Warren Buffett is still betting on America.</p><p>Stocks and bonds slumped in 2022 after central banks raised interest rates at a rapid pace to try to rein in inflation. But Mr. Buffett retained his sense of optimism in his annual letter to investors Saturday, saying he attributes much of his success over the years to the resilience of the U.S. economy.</p><p>“I have been investing for 80 years—more than one-third of our country’s lifetime. Despite our citizens’ penchant—almost enthusiasm—for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America,” Mr. Buffett said in the letter.</p><p>Mr. Buffett, widely regarded as one of the world’s top investors, has been publishing the letters for more than half a century. Over that time, he hasn’t just reflected on the past year for his company, Berkshire Hathaway Inc., but also shared his thoughts on everything from esoteric accounting rules to his aversion to excessive risk-taking.</p><p>Saturday’s letter offered readers a glimpse into how Mr. Buffett, 92, viewed what wound up being a shaky stretch for markets.</p><p>The volatility offered Berkshire an opportunity to jump in and buy stocks. While Berkshire largely bought back its own shares in 2021, it focused more in 2022 on investing in other companies—opening up new positions in media company Paramount Global and building-materials manufacturer Louisiana-Pacific Corp., among other businesses, and swiftly becoming Occidental Petroleum Corp.’s single biggest shareholder.</p><p>As of the end of 2022, Berkshire was the largest shareholder of eight companies—American Express Co., Bank of America Corp., Chevron Corp., Coca-Cola Co., HP Inc., Moody’s Corp., Occidental and Paramount Global.</p><p>“America would have done fine without Berkshire. The reverse is not true,” Mr. Buffett said.</p><p>Berkshire also released its results for 2022 on Saturday.</p><p>The Omaha, Neb., company, which owns businesses including insurer Geico, railroad BNSF Railway and chocolate maker See’s Candies, posted a loss of $22.82 billion for the year, stung by $67.9 billion in investment and derivative contract losses. In 2021, Berkshire posted a profit of $90.8 billion.</p><p>Total revenue rose 9.4% to $302.1 billion.</p><p>Berkshire’s operating earnings, which exclude some investment results, rose to a record $30.8 billion.</p><p>Mr. Buffett, Berkshire’s chief executive, has long held that operating earnings are a better reflection of how Berkshire is doing, since accounting rules require the company to include unrealized gains and losses from its massive investment portfolio in its net income. Volatile markets can make Berkshire’s net income change substantially from quarter to quarter, regardless of how its underlying businesses are doing.</p><p>“Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades,” Mr. Buffett said in his letter. “But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors,” he said, adding that he and his right-hand man Charlie Munger urged shareholders to focus instead on Berkshire’s operating earnings, which rose to a record for the full year in 2022.</p><h2>Read the full letter here:</h2><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing the savings of a great number of individuals. We are grateful for their enduring trust, a relationship that often spans much of their adult lifetime. It is those dedicated savers that are forefront in my mind as I write this letter.</p><p>A common belief is that people choose to save when young, expecting thereby to maintain their living standards after retirement. Any assets that remain at death, this theory says, will usually be left to their families or, possibly, to friends and philanthropy.</p><p>Our experience has differed. We believe Berkshire’s individual holders largely to be of the once-a-saver, always-a-saver variety. Though these people live well, they eventually dispense most of their funds to philanthropic organizations. These, in turn, redistribute the funds by expenditures intended to improve the lives of a great many people who are unrelated to the original benefactor. Sometimes, the results have been spectacular.</p><p>The disposition of money unmasks humans. Charlie and I watch with pleasure the vast flow of Berkshire-generated funds to public needs and, alongside, the infrequency with which our shareholders opt for look-at-me assets and dynasty-building.</p><p>Who wouldn’t enjoy working for shareholders like ours?</p><h2>What We Do</h2><p>Charlie and I allocate your savings at Berkshire between two related forms of ownership. First, we invest in businesses that we control, usually buying 100% of each. Berkshire directs capital allocation at these subsidiaries and selects the CEOs who make day-by-day operating decisions. When large enterprises are being managed, both trust and rules are essential. Berkshire emphasizes the former to an unusual – some would say extreme – degree. Disappointments are inevitable. We are understanding about business mistakes; our tolerance for personal misconduct is zero.</p><p>In our second category of ownership, we buy publicly-traded stocks through which we passively own pieces of businesses. Holding these investments, we have no say in management.</p><p>Our goal in both forms of ownership is to make meaningful investments in businesses with both long-lasting favorable economic characteristics and trustworthy managers. Please note particularly that we own publicly-traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>Over the years, I have made many mistakes. Consequently, our extensive collection of businesses currently consists of a few enterprises that have truly extraordinary economics, many that enjoy very good economic characteristics, and a large group that are marginal. Along the way, other businesses in which I have invested have died, their products unwanted by the public. Capitalism has two sides: The system creates an ever-growing pile of losers while concurrently delivering a gusher of improved goods and services. Schumpeter called this phenomenon “creative destruction.”</p><p>One advantage of our publicly-traded segment is that – episodically – it becomes easy to buy pieces of wonderful businesses at wonderful prices. It’s crucial to understand that stocks often trade at truly foolish prices, both high and low. “Efficient” markets exist only in textbooks. In truth, marketable stocks and bonds are baffling, their behavior usually understandable only in retrospect.</p><p>Controlled businesses are a different breed. They sometimes command ridiculously higher prices than justified but are almost never available at bargain valuations. Unless under duress, the owner of a controlled business gives no thought to selling at a panic-type valuation.</p><p>* * * * * * * * * * * *</p><p>At this point, a report card from me is appropriate: In 58 years of Berkshire management, most of my capital-allocation decisions have been no better than so-so. In some cases, also, bad moves by me have been rescued by very large doses of luck. (Remember our escapes from near-disasters at USAir and Salomon? I certainly do.)</p><p>Our satisfactory results have been the product of about a dozen truly good decisions – that would be about one every five years – and a sometimes-forgotten advantage that favors long-term investors such as Berkshire. Let’s take a peek behind the curtain.</p><h2>The Secret Sauce</h2><p>In August 1994 – yes, 1994 – Berkshire completed its seven-year purchase of the 400 million shares of Coca-Cola we now own. The total cost was $1.3 billion – then a very meaningful sum at Berkshire.</p><p>The cash dividend we received from Coke in 1994 was $75 million. By 2022, the dividend had increased to $704 million. Growth occurred every year, just as certain as birthdays. All Charlie and I were required to do was cash Coke’s quarterly dividend checks. We expect that those checks are highly likely to grow.</p><p>American Express is much the same story. Berkshire’s purchases of Amex were essentially completed in 1995 and, coincidentally, also cost $1.3 billion. Annual dividends received from this investment have grown from $41 million to $302 million. Those checks, too, seem highly likely to increase.</p><p>These dividend gains, though pleasing, are far from spectacular. But they bring with them important gains in stock prices. At yearend, our Coke investment was valued at $25 billion while Amex was recorded at $22 billion. Each holding now accounts for roughly 5% of Berkshire’s net worth, akin to its weighting long ago.</p><p>Assume, for a moment, I had made a similarly-sized investment mistake in the 1990s, one that flat-lined and simply retained its $1.3 billion value in 2022. (An example would be a high-grade 30-year bond.) That disappointing investment would now represent an insignificant 0.3% of Berkshire’s net worth and would be delivering to us an unchanged $80 million or so of annual income.</p><p>The lesson for investors: The weeds wither away in significance as the flowers bloom. Over time, it takes just a few winners to work wonders. And, yes, it helps to start early and live into your 90s as well.</p><h2>The Past Year in Brief</h2><p>Berkshire had a good year in 2022. The company’s operating earnings – our term for income calculated using Generally Accepted Accounting Principles (“GAAP”), exclusive of capital gains or losses from equity holdings – set a record at $30.8 billion. Charlie and I focus on this operational figure and urge you to do so as well. The GAAP figure, absent our adjustment, fluctuates wildly and capriciously at every reporting date. Note its acrobatic behavior in 2022, which is in no way unusual:</p><p><img src=\"https://static.tigerbbs.com/69e74650656620f9fa3f1e55c15a90e5\" tg-width=\"797\" tg-height=\"207\" width=\"100%\" height=\"auto\"/></p><p>The GAAP earnings are 100% misleading when viewed quarterly or even annually. Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades. But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors.</p><p>A second positive development for Berkshire last year was our purchase of Alleghany Corporation, a property-casualty insurer captained by Joe Brandon. I’ve worked with Joe in the past, and he understands both Berkshire  and insurance. Alleghany delivers special value to us because Berkshire’s unmatched financial strength allows its insurance subsidiaries to follow valuable and enduring investment strategies unavailable to virtually all competitors.</p><p>Aided by Alleghany, our insurance float increased during 2022 from $147 billion to $164 billion. With disciplined underwriting, these funds have a decent chance of being cost-free over time. Since purchasing our first property-casualty insurer in 1967, Berkshire’s float has increased 8,000-fold through acquisitions, operations and innovations. Though not recognized in our financial statements, this float has been an extraordinary asset for Berkshire. New shareholders can get an understanding of its value by reading our annually updated explanation of float on page A-2.</p><p>* * * * * * * * * * * *</p><p>A very minor gain in per-share intrinsic value took place in 2022 through Berkshire share repurchases as well as similar moves at Apple and American Express, both significant investees of ours. At Berkshire, we directly increased your interest in our unique collection of businesses by repurchasing 1.2% of the company’s outstanding shares. At Apple and Amex, repurchases increased Berkshire’s ownership a bit without any cost to us.</p><p>The math isn’t complicated: When the share count goes down, your interest in our many businesses goes up. Every small bit helps if repurchases are made at value-accretive prices. Just as surely, when a company overpays for repurchases, the continuing shareholders lose. At such times, gains flow only to the selling shareholders and to the friendly, but expensive, investment banker who recommended the foolish purchases.</p><p>Gains from value-accretive repurchases, it should be emphasized, benefit all owners – in every respect. Imagine, if you will, three fully-informed shareholders of a local auto dealership, one of whom manages the business. Imagine, further, that one of the passive owners wishes to sell his interest back to the company at a price attractive to the two continuing shareholders. When completed, has this transaction harmed anyone? Is the manager somehow favored over the continuing passive owners? Has the public been hurt?</p><p>When you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either an economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive).</p><p>Almost endless details of Berkshire’s 2022 operations are laid out on pages K-33 – K-66. Charlie and I, along with many Berkshire shareholders, enjoy poring over the many facts and figures laid out in that section. These pages are not, however, required reading. There are many Berkshire centimillionaires and, yes, billionaires who have never studied our financial figures. They simply know that Charlie and I – along with our families and close friends – continue to have very significant investments in Berkshire, and they trust us to treat their money as we do our own.</p><p>And that is a promise we can make.</p><p>* * * * * * * * * * * *</p><p>Finally, an important warning: Even the operating earnings figure that we favor can easily be manipulated by managers who wish to do so. Such tampering is often thought of as sophisticated by CEOs, directors and their advisors. Reporters and analysts embrace its existence as well. Beating “expectations” is heralded as a managerial triumph.</p><p>That activity is disgusting. It requires no talent to manipulate numbers: Only a deep desire to deceive is required. “Bold imaginative accounting,” as a CEO once described his deception to me, has become one of the shames of capitalism.</p><h2>58 Years – and a Few Figures</h2><p>In 1965, Berkshire was a one-trick pony, the owner of a venerable – but doomed – New England textile operation. With that business on a death march, Berkshire needed an immediate fresh start. Looking back, I was slow to recognize the severity of its problems.</p><p>And then came a stroke of good luck: National Indemnity became available in 1967, and we shifted our resources toward insurance and other non-textile operations.</p><p>Thus began our journey to 2023, a bumpy road involving a combination of continuous savings by our owners (that is, by their retaining earnings), the power of compounding, our avoidance of major mistakes and – most important of all – the American Tailwind. America would have done fine without Berkshire. The reverse is not true.</p><p>Berkshire now enjoys major ownership in an unmatched collection of huge and diversified businesses. Let’s first look at the 5,000 or so publicly-held companies that trade daily on NASDAQ, the NYSE and related venues. Within this group is housed the members of the S&amp;P 500 Index, an elite collection of large and well-known American companies.</p><p>In aggregate, the 500 earned $1.8 trillion in 2021. I don’t yet have the final results for 2022. Using, therefore, the 2021 figures, only 128 of the 500 (including Berkshire itself) earned $3 billion or more. Indeed, 23 lost money.</p><p>At yearend 2022, Berkshire was the largest owner of eight of these giants: American Express, Bank of America, Chevron, Coca-Cola, HP Inc., Moody’s, Occidental Petroleum and Paramount Global.</p><p>In addition to those eight investees, Berkshire owns 100% of BNSF and 92% of BH Energy, each with earnings that exceed the $3 billion mark noted above ($5.9 billion at BNSF and</p><p>$4.3 billion at BHE). Were these companies publicly-owned, they would replace two present members of the 500. All told, our ten controlled and non-controlled behemoths leave Berkshire more broadly aligned with the country’s economic future than is the case at any other U.S. company. (This calculation leaves aside “fiduciary” operations such as pension funds and investment companies.) In addition, Berkshire’s insurance operation, though conducted through many individually-managed subsidiaries, has a value comparable to BNSF or BHE.</p><p>As for the future, Berkshire will always hold a boatload of cash and U.S. Treasury bills along with a wide array of businesses. We will also avoid behavior that could result in any uncomfortable cash needs at inconvenient times, including financial panics and unprecedented insurance losses. Our CEO will always be the Chief Risk Officer – a task it is irresponsible to delegate. Additionally, our future CEOs will have a significant part of their net worth in Berkshire shares, bought with their own money. And yes, our shareholders will continue to save and prosper by retaining earnings.</p><p>At Berkshire, there will be no finish line.</p><h2>Some Surprising Facts About Federal Taxes</h2><p>During the decade ending in 2021, the United States Treasury received about $32.3 trillion in taxes while it spent $43.9 trillion.</p><p>Though economists, politicians and many of the public have opinions about the consequences of that huge imbalance, Charlie and I plead ignorance and firmly believe that near-term economic and market forecasts are worse than useless. Our job is to manage Berkshire’s operations and finances in a manner that will achieve an acceptable result over time and that will preserve the company’s unmatched staying power when financial panics or severe worldwide recessions occur. Berkshire also offers some modest protection from runaway inflation, but this attribute is far from perfect. Huge and entrenched fiscal deficits have consequences.</p><p>The $32 trillion of revenue was garnered by the Treasury through individual income taxes (48%), social security and related receipts (3412%), corporate income tax payments (812%) and a wide variety of lesser levies. Berkshire’s contribution via the corporate income tax was $32 billion during the decade, almost exactly a tenth of 1% of all money that the Treasury collected.</p><p>And that means – brace yourself – had there been roughly 1,000 taxpayers in the U.S. matching Berkshire’s payments, no other businesses nor any of the country’s 131 million households would have needed to pay any taxes to the federal government. Not a dime.</p><p>* * * * * * * * * * * *</p><p>Millions, billions, trillions – we all know the words, but the sums involved are almost impossible to comprehend. Let’s put physical dimensions to the numbers:</p><p>- If you convert $1 million into newly-printed $100 bills, you will have a stack that reaches your chest.</p><p>- Perform the same exercise with $1 billion – this is getting exciting! – and the stack reaches about 34 of a mile into the sky.</p><p>- Finally, imagine piling up $32 billion, the total of Berkshire’s 2012-21 federal income tax payments. Now the stack grows to more than 21 miles in height, about three times the level at which commercial airplanes usually cruise.</p><p>When it comes to federal taxes, individuals who own Berkshire can unequivocally state “I gave at the office.”</p><p>* * * * * * * * * * * *</p><p>At Berkshire we hope and expect to pay much more in taxes during the next decade. We owe the country no less: America’s dynamism has made a huge contribution to whatever success Berkshire has achieved – a contribution Berkshire will always need. We count on the American Tailwind and, though it has been becalmed from time to time, its propelling force has always returned.</p><p>I have been investing for 80 years – more than one-third of our country’s lifetime. Despite our citizens’ penchant – almost enthusiasm – for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America. And I doubt very much that any reader of this letter will have a different experience in the future.</p><h2>Nothing Beats Having a Great Partner</h2><p>Charlie and I think pretty much alike. But what it takes me a page to explain, he sums up in a sentence. His version, moreover, is always more clearly reasoned and also more artfully – some might add bluntly – stated.</p><p>Here are a few of his thoughts, many lifted from a very recent podcast:</p><p>- The world is full of foolish gamblers, and they will not do as well as the patient investor.</p><p>- If you don’t see the world the way it is, it’s like judging something through a distorted lens.</p><p>- All I want to know is where I’m going to die, so I’ll never go there. And a related thought: Early on, write your desired obituary – and then behave accordingly.</p><p>- If you don’t care whether you are rational or not, you won’t work on it. Then you will stay irrational and get lousy results.</p><p>- Patience can be learned. Having a long attention span and the ability to concentrate on one thing for a long time is a huge advantage.</p><p>- You can learn a lot from dead people. Read of the deceased you admire and detest.</p><p>- Don’t bail away in a sinking boat if you can swim to one that is seaworthy.</p><p>- A great company keeps working after you are not; a mediocre company won’t do that.</p><p>- Warren and I don’t focus on the froth of the market. We seek out good long-term investments and stubbornly hold them for a long time.</p><p>- Ben Graham said, “Day to day, the stock market is a voting machine; in the long term it’s a weighing machine.” If you keep making something more valuable, then some wise person is going to notice it and start buying.</p><p>- There is no such thing as a 100% sure thing when investing. Thus, the use of leverage is dangerous. A string of wonderful numbers times zero will always equal zero. Don’t count on getting rich twice.</p><p>- You don’t, however, need to own a lot of things in order to get rich.</p><p>- You have to keep learning if you want to become a great investor. When the world changes, you must change.</p><p>- Warren and I hated railroad stocks for decades, but the world changed and finally the country had four huge railroads of vital importance to the American economy. We were slow to recognize the change, but better late than never.</p><p>- Finally, I will add two short sentences by Charlie that have been his decision-clinchers for decades: “Warren, think more about it. You’re smart and I’m right.”</p><p>And so it goes. I never have a phone call with Charlie without learning something. And, while he makes me think, he also makes me laugh.</p><p>* * * * * * * * * * * *</p><p>I will add to Charlie’s list a rule of my own:   Find   a   very   smart   high-grade partner – preferably slightly older than you – and then listen very carefully to what he says.</p><h2>A Family Gathering in Omaha</h2><p>Charlie and I are shameless. Last year, at our first shareholder get-together in three years, we greeted you with our usual commercial hustle.</p><p>From the opening bell, we went straight for your wallet. In short order, our See’s kiosk sold you eleven tons of nourishing peanut brittle and chocolates. In our P.T. Barnum pitch, we promised you longevity. After all, what else but candy from See’s could account for Charlie and me making it to 99 and 92?</p><p>I know you can’t wait to hear the specifics of last year’s hustle.</p><p>On Friday, the doors were open from noon until 5 p.m., and our candy counters rang up 2,690 individual sales. On Saturday, See’s registered an additional 3,931 transactions between 7 a.m. and 4:30 p.m., despite the fact that 612 of the 912 operating hours occurred while our movie and the question-and-answer session were limiting commercial traffic.</p><p>Do the math: See’s rang up about 10 sales per minute during its prime operating time (racking up $400,309 of volume during the two days), with all the goods purchased at a single location selling products that haven’t been materially altered in 101 years. What worked for See’s in the days of Henry Ford’s model T works now.</p><p>* * * * * * * * * * * *</p><p>Charlie, I, and the entire Berkshire bunch look forward to seeing you in Omaha on May 5-6. We will have a good time and so will you.</p><p>February 25, 2023 Warren E. Buffett </p><p>Chairman of the Board</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buffett’s Annual Letter: Berkshire Will Always Hold a Boatload of Cash and U.S. Treasury Bills</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuffett’s Annual Letter: Berkshire Will Always Hold a Boatload of Cash and U.S. Treasury Bills\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-02-25 22:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Warren Buffett is still betting on America.</p><p>Stocks and bonds slumped in 2022 after central banks raised interest rates at a rapid pace to try to rein in inflation. But Mr. Buffett retained his sense of optimism in his annual letter to investors Saturday, saying he attributes much of his success over the years to the resilience of the U.S. economy.</p><p>“I have been investing for 80 years—more than one-third of our country’s lifetime. Despite our citizens’ penchant—almost enthusiasm—for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America,” Mr. Buffett said in the letter.</p><p>Mr. Buffett, widely regarded as one of the world’s top investors, has been publishing the letters for more than half a century. Over that time, he hasn’t just reflected on the past year for his company, Berkshire Hathaway Inc., but also shared his thoughts on everything from esoteric accounting rules to his aversion to excessive risk-taking.</p><p>Saturday’s letter offered readers a glimpse into how Mr. Buffett, 92, viewed what wound up being a shaky stretch for markets.</p><p>The volatility offered Berkshire an opportunity to jump in and buy stocks. While Berkshire largely bought back its own shares in 2021, it focused more in 2022 on investing in other companies—opening up new positions in media company Paramount Global and building-materials manufacturer Louisiana-Pacific Corp., among other businesses, and swiftly becoming Occidental Petroleum Corp.’s single biggest shareholder.</p><p>As of the end of 2022, Berkshire was the largest shareholder of eight companies—American Express Co., Bank of America Corp., Chevron Corp., Coca-Cola Co., HP Inc., Moody’s Corp., Occidental and Paramount Global.</p><p>“America would have done fine without Berkshire. The reverse is not true,” Mr. Buffett said.</p><p>Berkshire also released its results for 2022 on Saturday.</p><p>The Omaha, Neb., company, which owns businesses including insurer Geico, railroad BNSF Railway and chocolate maker See’s Candies, posted a loss of $22.82 billion for the year, stung by $67.9 billion in investment and derivative contract losses. In 2021, Berkshire posted a profit of $90.8 billion.</p><p>Total revenue rose 9.4% to $302.1 billion.</p><p>Berkshire’s operating earnings, which exclude some investment results, rose to a record $30.8 billion.</p><p>Mr. Buffett, Berkshire’s chief executive, has long held that operating earnings are a better reflection of how Berkshire is doing, since accounting rules require the company to include unrealized gains and losses from its massive investment portfolio in its net income. Volatile markets can make Berkshire’s net income change substantially from quarter to quarter, regardless of how its underlying businesses are doing.</p><p>“Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades,” Mr. Buffett said in his letter. “But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors,” he said, adding that he and his right-hand man Charlie Munger urged shareholders to focus instead on Berkshire’s operating earnings, which rose to a record for the full year in 2022.</p><h2>Read the full letter here:</h2><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing the savings of a great number of individuals. We are grateful for their enduring trust, a relationship that often spans much of their adult lifetime. It is those dedicated savers that are forefront in my mind as I write this letter.</p><p>A common belief is that people choose to save when young, expecting thereby to maintain their living standards after retirement. Any assets that remain at death, this theory says, will usually be left to their families or, possibly, to friends and philanthropy.</p><p>Our experience has differed. We believe Berkshire’s individual holders largely to be of the once-a-saver, always-a-saver variety. Though these people live well, they eventually dispense most of their funds to philanthropic organizations. These, in turn, redistribute the funds by expenditures intended to improve the lives of a great many people who are unrelated to the original benefactor. Sometimes, the results have been spectacular.</p><p>The disposition of money unmasks humans. Charlie and I watch with pleasure the vast flow of Berkshire-generated funds to public needs and, alongside, the infrequency with which our shareholders opt for look-at-me assets and dynasty-building.</p><p>Who wouldn’t enjoy working for shareholders like ours?</p><h2>What We Do</h2><p>Charlie and I allocate your savings at Berkshire between two related forms of ownership. First, we invest in businesses that we control, usually buying 100% of each. Berkshire directs capital allocation at these subsidiaries and selects the CEOs who make day-by-day operating decisions. When large enterprises are being managed, both trust and rules are essential. Berkshire emphasizes the former to an unusual – some would say extreme – degree. Disappointments are inevitable. We are understanding about business mistakes; our tolerance for personal misconduct is zero.</p><p>In our second category of ownership, we buy publicly-traded stocks through which we passively own pieces of businesses. Holding these investments, we have no say in management.</p><p>Our goal in both forms of ownership is to make meaningful investments in businesses with both long-lasting favorable economic characteristics and trustworthy managers. Please note particularly that we own publicly-traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>Over the years, I have made many mistakes. Consequently, our extensive collection of businesses currently consists of a few enterprises that have truly extraordinary economics, many that enjoy very good economic characteristics, and a large group that are marginal. Along the way, other businesses in which I have invested have died, their products unwanted by the public. Capitalism has two sides: The system creates an ever-growing pile of losers while concurrently delivering a gusher of improved goods and services. Schumpeter called this phenomenon “creative destruction.”</p><p>One advantage of our publicly-traded segment is that – episodically – it becomes easy to buy pieces of wonderful businesses at wonderful prices. It’s crucial to understand that stocks often trade at truly foolish prices, both high and low. “Efficient” markets exist only in textbooks. In truth, marketable stocks and bonds are baffling, their behavior usually understandable only in retrospect.</p><p>Controlled businesses are a different breed. They sometimes command ridiculously higher prices than justified but are almost never available at bargain valuations. Unless under duress, the owner of a controlled business gives no thought to selling at a panic-type valuation.</p><p>* * * * * * * * * * * *</p><p>At this point, a report card from me is appropriate: In 58 years of Berkshire management, most of my capital-allocation decisions have been no better than so-so. In some cases, also, bad moves by me have been rescued by very large doses of luck. (Remember our escapes from near-disasters at USAir and Salomon? I certainly do.)</p><p>Our satisfactory results have been the product of about a dozen truly good decisions – that would be about one every five years – and a sometimes-forgotten advantage that favors long-term investors such as Berkshire. Let’s take a peek behind the curtain.</p><h2>The Secret Sauce</h2><p>In August 1994 – yes, 1994 – Berkshire completed its seven-year purchase of the 400 million shares of Coca-Cola we now own. The total cost was $1.3 billion – then a very meaningful sum at Berkshire.</p><p>The cash dividend we received from Coke in 1994 was $75 million. By 2022, the dividend had increased to $704 million. Growth occurred every year, just as certain as birthdays. All Charlie and I were required to do was cash Coke’s quarterly dividend checks. We expect that those checks are highly likely to grow.</p><p>American Express is much the same story. Berkshire’s purchases of Amex were essentially completed in 1995 and, coincidentally, also cost $1.3 billion. Annual dividends received from this investment have grown from $41 million to $302 million. Those checks, too, seem highly likely to increase.</p><p>These dividend gains, though pleasing, are far from spectacular. But they bring with them important gains in stock prices. At yearend, our Coke investment was valued at $25 billion while Amex was recorded at $22 billion. Each holding now accounts for roughly 5% of Berkshire’s net worth, akin to its weighting long ago.</p><p>Assume, for a moment, I had made a similarly-sized investment mistake in the 1990s, one that flat-lined and simply retained its $1.3 billion value in 2022. (An example would be a high-grade 30-year bond.) That disappointing investment would now represent an insignificant 0.3% of Berkshire’s net worth and would be delivering to us an unchanged $80 million or so of annual income.</p><p>The lesson for investors: The weeds wither away in significance as the flowers bloom. Over time, it takes just a few winners to work wonders. And, yes, it helps to start early and live into your 90s as well.</p><h2>The Past Year in Brief</h2><p>Berkshire had a good year in 2022. The company’s operating earnings – our term for income calculated using Generally Accepted Accounting Principles (“GAAP”), exclusive of capital gains or losses from equity holdings – set a record at $30.8 billion. Charlie and I focus on this operational figure and urge you to do so as well. The GAAP figure, absent our adjustment, fluctuates wildly and capriciously at every reporting date. Note its acrobatic behavior in 2022, which is in no way unusual:</p><p><img src=\"https://static.tigerbbs.com/69e74650656620f9fa3f1e55c15a90e5\" tg-width=\"797\" tg-height=\"207\" width=\"100%\" height=\"auto\"/></p><p>The GAAP earnings are 100% misleading when viewed quarterly or even annually. Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades. But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors.</p><p>A second positive development for Berkshire last year was our purchase of Alleghany Corporation, a property-casualty insurer captained by Joe Brandon. I’ve worked with Joe in the past, and he understands both Berkshire  and insurance. Alleghany delivers special value to us because Berkshire’s unmatched financial strength allows its insurance subsidiaries to follow valuable and enduring investment strategies unavailable to virtually all competitors.</p><p>Aided by Alleghany, our insurance float increased during 2022 from $147 billion to $164 billion. With disciplined underwriting, these funds have a decent chance of being cost-free over time. Since purchasing our first property-casualty insurer in 1967, Berkshire’s float has increased 8,000-fold through acquisitions, operations and innovations. Though not recognized in our financial statements, this float has been an extraordinary asset for Berkshire. New shareholders can get an understanding of its value by reading our annually updated explanation of float on page A-2.</p><p>* * * * * * * * * * * *</p><p>A very minor gain in per-share intrinsic value took place in 2022 through Berkshire share repurchases as well as similar moves at Apple and American Express, both significant investees of ours. At Berkshire, we directly increased your interest in our unique collection of businesses by repurchasing 1.2% of the company’s outstanding shares. At Apple and Amex, repurchases increased Berkshire’s ownership a bit without any cost to us.</p><p>The math isn’t complicated: When the share count goes down, your interest in our many businesses goes up. Every small bit helps if repurchases are made at value-accretive prices. Just as surely, when a company overpays for repurchases, the continuing shareholders lose. At such times, gains flow only to the selling shareholders and to the friendly, but expensive, investment banker who recommended the foolish purchases.</p><p>Gains from value-accretive repurchases, it should be emphasized, benefit all owners – in every respect. Imagine, if you will, three fully-informed shareholders of a local auto dealership, one of whom manages the business. Imagine, further, that one of the passive owners wishes to sell his interest back to the company at a price attractive to the two continuing shareholders. When completed, has this transaction harmed anyone? Is the manager somehow favored over the continuing passive owners? Has the public been hurt?</p><p>When you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either an economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive).</p><p>Almost endless details of Berkshire’s 2022 operations are laid out on pages K-33 – K-66. Charlie and I, along with many Berkshire shareholders, enjoy poring over the many facts and figures laid out in that section. These pages are not, however, required reading. There are many Berkshire centimillionaires and, yes, billionaires who have never studied our financial figures. They simply know that Charlie and I – along with our families and close friends – continue to have very significant investments in Berkshire, and they trust us to treat their money as we do our own.</p><p>And that is a promise we can make.</p><p>* * * * * * * * * * * *</p><p>Finally, an important warning: Even the operating earnings figure that we favor can easily be manipulated by managers who wish to do so. Such tampering is often thought of as sophisticated by CEOs, directors and their advisors. Reporters and analysts embrace its existence as well. Beating “expectations” is heralded as a managerial triumph.</p><p>That activity is disgusting. It requires no talent to manipulate numbers: Only a deep desire to deceive is required. “Bold imaginative accounting,” as a CEO once described his deception to me, has become one of the shames of capitalism.</p><h2>58 Years – and a Few Figures</h2><p>In 1965, Berkshire was a one-trick pony, the owner of a venerable – but doomed – New England textile operation. With that business on a death march, Berkshire needed an immediate fresh start. Looking back, I was slow to recognize the severity of its problems.</p><p>And then came a stroke of good luck: National Indemnity became available in 1967, and we shifted our resources toward insurance and other non-textile operations.</p><p>Thus began our journey to 2023, a bumpy road involving a combination of continuous savings by our owners (that is, by their retaining earnings), the power of compounding, our avoidance of major mistakes and – most important of all – the American Tailwind. America would have done fine without Berkshire. The reverse is not true.</p><p>Berkshire now enjoys major ownership in an unmatched collection of huge and diversified businesses. Let’s first look at the 5,000 or so publicly-held companies that trade daily on NASDAQ, the NYSE and related venues. Within this group is housed the members of the S&amp;P 500 Index, an elite collection of large and well-known American companies.</p><p>In aggregate, the 500 earned $1.8 trillion in 2021. I don’t yet have the final results for 2022. Using, therefore, the 2021 figures, only 128 of the 500 (including Berkshire itself) earned $3 billion or more. Indeed, 23 lost money.</p><p>At yearend 2022, Berkshire was the largest owner of eight of these giants: American Express, Bank of America, Chevron, Coca-Cola, HP Inc., Moody’s, Occidental Petroleum and Paramount Global.</p><p>In addition to those eight investees, Berkshire owns 100% of BNSF and 92% of BH Energy, each with earnings that exceed the $3 billion mark noted above ($5.9 billion at BNSF and</p><p>$4.3 billion at BHE). Were these companies publicly-owned, they would replace two present members of the 500. All told, our ten controlled and non-controlled behemoths leave Berkshire more broadly aligned with the country’s economic future than is the case at any other U.S. company. (This calculation leaves aside “fiduciary” operations such as pension funds and investment companies.) In addition, Berkshire’s insurance operation, though conducted through many individually-managed subsidiaries, has a value comparable to BNSF or BHE.</p><p>As for the future, Berkshire will always hold a boatload of cash and U.S. Treasury bills along with a wide array of businesses. We will also avoid behavior that could result in any uncomfortable cash needs at inconvenient times, including financial panics and unprecedented insurance losses. Our CEO will always be the Chief Risk Officer – a task it is irresponsible to delegate. Additionally, our future CEOs will have a significant part of their net worth in Berkshire shares, bought with their own money. And yes, our shareholders will continue to save and prosper by retaining earnings.</p><p>At Berkshire, there will be no finish line.</p><h2>Some Surprising Facts About Federal Taxes</h2><p>During the decade ending in 2021, the United States Treasury received about $32.3 trillion in taxes while it spent $43.9 trillion.</p><p>Though economists, politicians and many of the public have opinions about the consequences of that huge imbalance, Charlie and I plead ignorance and firmly believe that near-term economic and market forecasts are worse than useless. Our job is to manage Berkshire’s operations and finances in a manner that will achieve an acceptable result over time and that will preserve the company’s unmatched staying power when financial panics or severe worldwide recessions occur. Berkshire also offers some modest protection from runaway inflation, but this attribute is far from perfect. Huge and entrenched fiscal deficits have consequences.</p><p>The $32 trillion of revenue was garnered by the Treasury through individual income taxes (48%), social security and related receipts (3412%), corporate income tax payments (812%) and a wide variety of lesser levies. Berkshire’s contribution via the corporate income tax was $32 billion during the decade, almost exactly a tenth of 1% of all money that the Treasury collected.</p><p>And that means – brace yourself – had there been roughly 1,000 taxpayers in the U.S. matching Berkshire’s payments, no other businesses nor any of the country’s 131 million households would have needed to pay any taxes to the federal government. Not a dime.</p><p>* * * * * * * * * * * *</p><p>Millions, billions, trillions – we all know the words, but the sums involved are almost impossible to comprehend. Let’s put physical dimensions to the numbers:</p><p>- If you convert $1 million into newly-printed $100 bills, you will have a stack that reaches your chest.</p><p>- Perform the same exercise with $1 billion – this is getting exciting! – and the stack reaches about 34 of a mile into the sky.</p><p>- Finally, imagine piling up $32 billion, the total of Berkshire’s 2012-21 federal income tax payments. Now the stack grows to more than 21 miles in height, about three times the level at which commercial airplanes usually cruise.</p><p>When it comes to federal taxes, individuals who own Berkshire can unequivocally state “I gave at the office.”</p><p>* * * * * * * * * * * *</p><p>At Berkshire we hope and expect to pay much more in taxes during the next decade. We owe the country no less: America’s dynamism has made a huge contribution to whatever success Berkshire has achieved – a contribution Berkshire will always need. We count on the American Tailwind and, though it has been becalmed from time to time, its propelling force has always returned.</p><p>I have been investing for 80 years – more than one-third of our country’s lifetime. Despite our citizens’ penchant – almost enthusiasm – for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America. And I doubt very much that any reader of this letter will have a different experience in the future.</p><h2>Nothing Beats Having a Great Partner</h2><p>Charlie and I think pretty much alike. But what it takes me a page to explain, he sums up in a sentence. His version, moreover, is always more clearly reasoned and also more artfully – some might add bluntly – stated.</p><p>Here are a few of his thoughts, many lifted from a very recent podcast:</p><p>- The world is full of foolish gamblers, and they will not do as well as the patient investor.</p><p>- If you don’t see the world the way it is, it’s like judging something through a distorted lens.</p><p>- All I want to know is where I’m going to die, so I’ll never go there. And a related thought: Early on, write your desired obituary – and then behave accordingly.</p><p>- If you don’t care whether you are rational or not, you won’t work on it. Then you will stay irrational and get lousy results.</p><p>- Patience can be learned. Having a long attention span and the ability to concentrate on one thing for a long time is a huge advantage.</p><p>- You can learn a lot from dead people. Read of the deceased you admire and detest.</p><p>- Don’t bail away in a sinking boat if you can swim to one that is seaworthy.</p><p>- A great company keeps working after you are not; a mediocre company won’t do that.</p><p>- Warren and I don’t focus on the froth of the market. We seek out good long-term investments and stubbornly hold them for a long time.</p><p>- Ben Graham said, “Day to day, the stock market is a voting machine; in the long term it’s a weighing machine.” If you keep making something more valuable, then some wise person is going to notice it and start buying.</p><p>- There is no such thing as a 100% sure thing when investing. Thus, the use of leverage is dangerous. A string of wonderful numbers times zero will always equal zero. Don’t count on getting rich twice.</p><p>- You don’t, however, need to own a lot of things in order to get rich.</p><p>- You have to keep learning if you want to become a great investor. When the world changes, you must change.</p><p>- Warren and I hated railroad stocks for decades, but the world changed and finally the country had four huge railroads of vital importance to the American economy. We were slow to recognize the change, but better late than never.</p><p>- Finally, I will add two short sentences by Charlie that have been his decision-clinchers for decades: “Warren, think more about it. You’re smart and I’m right.”</p><p>And so it goes. I never have a phone call with Charlie without learning something. And, while he makes me think, he also makes me laugh.</p><p>* * * * * * * * * * * *</p><p>I will add to Charlie’s list a rule of my own:   Find   a   very   smart   high-grade partner – preferably slightly older than you – and then listen very carefully to what he says.</p><h2>A Family Gathering in Omaha</h2><p>Charlie and I are shameless. Last year, at our first shareholder get-together in three years, we greeted you with our usual commercial hustle.</p><p>From the opening bell, we went straight for your wallet. In short order, our See’s kiosk sold you eleven tons of nourishing peanut brittle and chocolates. In our P.T. Barnum pitch, we promised you longevity. After all, what else but candy from See’s could account for Charlie and me making it to 99 and 92?</p><p>I know you can’t wait to hear the specifics of last year’s hustle.</p><p>On Friday, the doors were open from noon until 5 p.m., and our candy counters rang up 2,690 individual sales. On Saturday, See’s registered an additional 3,931 transactions between 7 a.m. and 4:30 p.m., despite the fact that 612 of the 912 operating hours occurred while our movie and the question-and-answer session were limiting commercial traffic.</p><p>Do the math: See’s rang up about 10 sales per minute during its prime operating time (racking up $400,309 of volume during the two days), with all the goods purchased at a single location selling products that haven’t been materially altered in 101 years. What worked for See’s in the days of Henry Ford’s model T works now.</p><p>* * * * * * * * * * * *</p><p>Charlie, I, and the entire Berkshire bunch look forward to seeing you in Omaha on May 5-6. We will have a good time and so will you.</p><p>February 25, 2023 Warren E. Buffett </p><p>Chairman of the Board</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117520516","content_text":"Warren Buffett is still betting on America.Stocks and bonds slumped in 2022 after central banks raised interest rates at a rapid pace to try to rein in inflation. But Mr. Buffett retained his sense of optimism in his annual letter to investors Saturday, saying he attributes much of his success over the years to the resilience of the U.S. economy.“I have been investing for 80 years—more than one-third of our country’s lifetime. Despite our citizens’ penchant—almost enthusiasm—for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America,” Mr. Buffett said in the letter.Mr. Buffett, widely regarded as one of the world’s top investors, has been publishing the letters for more than half a century. Over that time, he hasn’t just reflected on the past year for his company, Berkshire Hathaway Inc., but also shared his thoughts on everything from esoteric accounting rules to his aversion to excessive risk-taking.Saturday’s letter offered readers a glimpse into how Mr. Buffett, 92, viewed what wound up being a shaky stretch for markets.The volatility offered Berkshire an opportunity to jump in and buy stocks. While Berkshire largely bought back its own shares in 2021, it focused more in 2022 on investing in other companies—opening up new positions in media company Paramount Global and building-materials manufacturer Louisiana-Pacific Corp., among other businesses, and swiftly becoming Occidental Petroleum Corp.’s single biggest shareholder.As of the end of 2022, Berkshire was the largest shareholder of eight companies—American Express Co., Bank of America Corp., Chevron Corp., Coca-Cola Co., HP Inc., Moody’s Corp., Occidental and Paramount Global.“America would have done fine without Berkshire. The reverse is not true,” Mr. Buffett said.Berkshire also released its results for 2022 on Saturday.The Omaha, Neb., company, which owns businesses including insurer Geico, railroad BNSF Railway and chocolate maker See’s Candies, posted a loss of $22.82 billion for the year, stung by $67.9 billion in investment and derivative contract losses. In 2021, Berkshire posted a profit of $90.8 billion.Total revenue rose 9.4% to $302.1 billion.Berkshire’s operating earnings, which exclude some investment results, rose to a record $30.8 billion.Mr. Buffett, Berkshire’s chief executive, has long held that operating earnings are a better reflection of how Berkshire is doing, since accounting rules require the company to include unrealized gains and losses from its massive investment portfolio in its net income. Volatile markets can make Berkshire’s net income change substantially from quarter to quarter, regardless of how its underlying businesses are doing.“Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades,” Mr. Buffett said in his letter. “But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors,” he said, adding that he and his right-hand man Charlie Munger urged shareholders to focus instead on Berkshire’s operating earnings, which rose to a record for the full year in 2022.Read the full letter here:To the Shareholders of Berkshire Hathaway Inc.:Charlie Munger, my long-time partner, and I have the job of managing the savings of a great number of individuals. We are grateful for their enduring trust, a relationship that often spans much of their adult lifetime. It is those dedicated savers that are forefront in my mind as I write this letter.A common belief is that people choose to save when young, expecting thereby to maintain their living standards after retirement. Any assets that remain at death, this theory says, will usually be left to their families or, possibly, to friends and philanthropy.Our experience has differed. We believe Berkshire’s individual holders largely to be of the once-a-saver, always-a-saver variety. Though these people live well, they eventually dispense most of their funds to philanthropic organizations. These, in turn, redistribute the funds by expenditures intended to improve the lives of a great many people who are unrelated to the original benefactor. Sometimes, the results have been spectacular.The disposition of money unmasks humans. Charlie and I watch with pleasure the vast flow of Berkshire-generated funds to public needs and, alongside, the infrequency with which our shareholders opt for look-at-me assets and dynasty-building.Who wouldn’t enjoy working for shareholders like ours?What We DoCharlie and I allocate your savings at Berkshire between two related forms of ownership. First, we invest in businesses that we control, usually buying 100% of each. Berkshire directs capital allocation at these subsidiaries and selects the CEOs who make day-by-day operating decisions. When large enterprises are being managed, both trust and rules are essential. Berkshire emphasizes the former to an unusual – some would say extreme – degree. Disappointments are inevitable. We are understanding about business mistakes; our tolerance for personal misconduct is zero.In our second category of ownership, we buy publicly-traded stocks through which we passively own pieces of businesses. Holding these investments, we have no say in management.Our goal in both forms of ownership is to make meaningful investments in businesses with both long-lasting favorable economic characteristics and trustworthy managers. Please note particularly that we own publicly-traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.Over the years, I have made many mistakes. Consequently, our extensive collection of businesses currently consists of a few enterprises that have truly extraordinary economics, many that enjoy very good economic characteristics, and a large group that are marginal. Along the way, other businesses in which I have invested have died, their products unwanted by the public. Capitalism has two sides: The system creates an ever-growing pile of losers while concurrently delivering a gusher of improved goods and services. Schumpeter called this phenomenon “creative destruction.”One advantage of our publicly-traded segment is that – episodically – it becomes easy to buy pieces of wonderful businesses at wonderful prices. It’s crucial to understand that stocks often trade at truly foolish prices, both high and low. “Efficient” markets exist only in textbooks. In truth, marketable stocks and bonds are baffling, their behavior usually understandable only in retrospect.Controlled businesses are a different breed. They sometimes command ridiculously higher prices than justified but are almost never available at bargain valuations. Unless under duress, the owner of a controlled business gives no thought to selling at a panic-type valuation.* * * * * * * * * * * *At this point, a report card from me is appropriate: In 58 years of Berkshire management, most of my capital-allocation decisions have been no better than so-so. In some cases, also, bad moves by me have been rescued by very large doses of luck. (Remember our escapes from near-disasters at USAir and Salomon? I certainly do.)Our satisfactory results have been the product of about a dozen truly good decisions – that would be about one every five years – and a sometimes-forgotten advantage that favors long-term investors such as Berkshire. Let’s take a peek behind the curtain.The Secret SauceIn August 1994 – yes, 1994 – Berkshire completed its seven-year purchase of the 400 million shares of Coca-Cola we now own. The total cost was $1.3 billion – then a very meaningful sum at Berkshire.The cash dividend we received from Coke in 1994 was $75 million. By 2022, the dividend had increased to $704 million. Growth occurred every year, just as certain as birthdays. All Charlie and I were required to do was cash Coke’s quarterly dividend checks. We expect that those checks are highly likely to grow.American Express is much the same story. Berkshire’s purchases of Amex were essentially completed in 1995 and, coincidentally, also cost $1.3 billion. Annual dividends received from this investment have grown from $41 million to $302 million. Those checks, too, seem highly likely to increase.These dividend gains, though pleasing, are far from spectacular. But they bring with them important gains in stock prices. At yearend, our Coke investment was valued at $25 billion while Amex was recorded at $22 billion. Each holding now accounts for roughly 5% of Berkshire’s net worth, akin to its weighting long ago.Assume, for a moment, I had made a similarly-sized investment mistake in the 1990s, one that flat-lined and simply retained its $1.3 billion value in 2022. (An example would be a high-grade 30-year bond.) That disappointing investment would now represent an insignificant 0.3% of Berkshire’s net worth and would be delivering to us an unchanged $80 million or so of annual income.The lesson for investors: The weeds wither away in significance as the flowers bloom. Over time, it takes just a few winners to work wonders. And, yes, it helps to start early and live into your 90s as well.The Past Year in BriefBerkshire had a good year in 2022. The company’s operating earnings – our term for income calculated using Generally Accepted Accounting Principles (“GAAP”), exclusive of capital gains or losses from equity holdings – set a record at $30.8 billion. Charlie and I focus on this operational figure and urge you to do so as well. The GAAP figure, absent our adjustment, fluctuates wildly and capriciously at every reporting date. Note its acrobatic behavior in 2022, which is in no way unusual:The GAAP earnings are 100% misleading when viewed quarterly or even annually. Capital gains, to be sure, have been hugely important to Berkshire over past decades, and we expect them to be meaningfully positive in future decades. But their quarter-by-quarter gyrations, regularly and mindlessly headlined by media, totally misinform investors.A second positive development for Berkshire last year was our purchase of Alleghany Corporation, a property-casualty insurer captained by Joe Brandon. I’ve worked with Joe in the past, and he understands both Berkshire  and insurance. Alleghany delivers special value to us because Berkshire’s unmatched financial strength allows its insurance subsidiaries to follow valuable and enduring investment strategies unavailable to virtually all competitors.Aided by Alleghany, our insurance float increased during 2022 from $147 billion to $164 billion. With disciplined underwriting, these funds have a decent chance of being cost-free over time. Since purchasing our first property-casualty insurer in 1967, Berkshire’s float has increased 8,000-fold through acquisitions, operations and innovations. Though not recognized in our financial statements, this float has been an extraordinary asset for Berkshire. New shareholders can get an understanding of its value by reading our annually updated explanation of float on page A-2.* * * * * * * * * * * *A very minor gain in per-share intrinsic value took place in 2022 through Berkshire share repurchases as well as similar moves at Apple and American Express, both significant investees of ours. At Berkshire, we directly increased your interest in our unique collection of businesses by repurchasing 1.2% of the company’s outstanding shares. At Apple and Amex, repurchases increased Berkshire’s ownership a bit without any cost to us.The math isn’t complicated: When the share count goes down, your interest in our many businesses goes up. Every small bit helps if repurchases are made at value-accretive prices. Just as surely, when a company overpays for repurchases, the continuing shareholders lose. At such times, gains flow only to the selling shareholders and to the friendly, but expensive, investment banker who recommended the foolish purchases.Gains from value-accretive repurchases, it should be emphasized, benefit all owners – in every respect. Imagine, if you will, three fully-informed shareholders of a local auto dealership, one of whom manages the business. Imagine, further, that one of the passive owners wishes to sell his interest back to the company at a price attractive to the two continuing shareholders. When completed, has this transaction harmed anyone? Is the manager somehow favored over the continuing passive owners? Has the public been hurt?When you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either an economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive).Almost endless details of Berkshire’s 2022 operations are laid out on pages K-33 – K-66. Charlie and I, along with many Berkshire shareholders, enjoy poring over the many facts and figures laid out in that section. These pages are not, however, required reading. There are many Berkshire centimillionaires and, yes, billionaires who have never studied our financial figures. They simply know that Charlie and I – along with our families and close friends – continue to have very significant investments in Berkshire, and they trust us to treat their money as we do our own.And that is a promise we can make.* * * * * * * * * * * *Finally, an important warning: Even the operating earnings figure that we favor can easily be manipulated by managers who wish to do so. Such tampering is often thought of as sophisticated by CEOs, directors and their advisors. Reporters and analysts embrace its existence as well. Beating “expectations” is heralded as a managerial triumph.That activity is disgusting. It requires no talent to manipulate numbers: Only a deep desire to deceive is required. “Bold imaginative accounting,” as a CEO once described his deception to me, has become one of the shames of capitalism.58 Years – and a Few FiguresIn 1965, Berkshire was a one-trick pony, the owner of a venerable – but doomed – New England textile operation. With that business on a death march, Berkshire needed an immediate fresh start. Looking back, I was slow to recognize the severity of its problems.And then came a stroke of good luck: National Indemnity became available in 1967, and we shifted our resources toward insurance and other non-textile operations.Thus began our journey to 2023, a bumpy road involving a combination of continuous savings by our owners (that is, by their retaining earnings), the power of compounding, our avoidance of major mistakes and – most important of all – the American Tailwind. America would have done fine without Berkshire. The reverse is not true.Berkshire now enjoys major ownership in an unmatched collection of huge and diversified businesses. Let’s first look at the 5,000 or so publicly-held companies that trade daily on NASDAQ, the NYSE and related venues. Within this group is housed the members of the S&P 500 Index, an elite collection of large and well-known American companies.In aggregate, the 500 earned $1.8 trillion in 2021. I don’t yet have the final results for 2022. Using, therefore, the 2021 figures, only 128 of the 500 (including Berkshire itself) earned $3 billion or more. Indeed, 23 lost money.At yearend 2022, Berkshire was the largest owner of eight of these giants: American Express, Bank of America, Chevron, Coca-Cola, HP Inc., Moody’s, Occidental Petroleum and Paramount Global.In addition to those eight investees, Berkshire owns 100% of BNSF and 92% of BH Energy, each with earnings that exceed the $3 billion mark noted above ($5.9 billion at BNSF and$4.3 billion at BHE). Were these companies publicly-owned, they would replace two present members of the 500. All told, our ten controlled and non-controlled behemoths leave Berkshire more broadly aligned with the country’s economic future than is the case at any other U.S. company. (This calculation leaves aside “fiduciary” operations such as pension funds and investment companies.) In addition, Berkshire’s insurance operation, though conducted through many individually-managed subsidiaries, has a value comparable to BNSF or BHE.As for the future, Berkshire will always hold a boatload of cash and U.S. Treasury bills along with a wide array of businesses. We will also avoid behavior that could result in any uncomfortable cash needs at inconvenient times, including financial panics and unprecedented insurance losses. Our CEO will always be the Chief Risk Officer – a task it is irresponsible to delegate. Additionally, our future CEOs will have a significant part of their net worth in Berkshire shares, bought with their own money. And yes, our shareholders will continue to save and prosper by retaining earnings.At Berkshire, there will be no finish line.Some Surprising Facts About Federal TaxesDuring the decade ending in 2021, the United States Treasury received about $32.3 trillion in taxes while it spent $43.9 trillion.Though economists, politicians and many of the public have opinions about the consequences of that huge imbalance, Charlie and I plead ignorance and firmly believe that near-term economic and market forecasts are worse than useless. Our job is to manage Berkshire’s operations and finances in a manner that will achieve an acceptable result over time and that will preserve the company’s unmatched staying power when financial panics or severe worldwide recessions occur. Berkshire also offers some modest protection from runaway inflation, but this attribute is far from perfect. Huge and entrenched fiscal deficits have consequences.The $32 trillion of revenue was garnered by the Treasury through individual income taxes (48%), social security and related receipts (3412%), corporate income tax payments (812%) and a wide variety of lesser levies. Berkshire’s contribution via the corporate income tax was $32 billion during the decade, almost exactly a tenth of 1% of all money that the Treasury collected.And that means – brace yourself – had there been roughly 1,000 taxpayers in the U.S. matching Berkshire’s payments, no other businesses nor any of the country’s 131 million households would have needed to pay any taxes to the federal government. Not a dime.* * * * * * * * * * * *Millions, billions, trillions – we all know the words, but the sums involved are almost impossible to comprehend. Let’s put physical dimensions to the numbers:- If you convert $1 million into newly-printed $100 bills, you will have a stack that reaches your chest.- Perform the same exercise with $1 billion – this is getting exciting! – and the stack reaches about 34 of a mile into the sky.- Finally, imagine piling up $32 billion, the total of Berkshire’s 2012-21 federal income tax payments. Now the stack grows to more than 21 miles in height, about three times the level at which commercial airplanes usually cruise.When it comes to federal taxes, individuals who own Berkshire can unequivocally state “I gave at the office.”* * * * * * * * * * * *At Berkshire we hope and expect to pay much more in taxes during the next decade. We owe the country no less: America’s dynamism has made a huge contribution to whatever success Berkshire has achieved – a contribution Berkshire will always need. We count on the American Tailwind and, though it has been becalmed from time to time, its propelling force has always returned.I have been investing for 80 years – more than one-third of our country’s lifetime. Despite our citizens’ penchant – almost enthusiasm – for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America. And I doubt very much that any reader of this letter will have a different experience in the future.Nothing Beats Having a Great PartnerCharlie and I think pretty much alike. But what it takes me a page to explain, he sums up in a sentence. His version, moreover, is always more clearly reasoned and also more artfully – some might add bluntly – stated.Here are a few of his thoughts, many lifted from a very recent podcast:- The world is full of foolish gamblers, and they will not do as well as the patient investor.- If you don’t see the world the way it is, it’s like judging something through a distorted lens.- All I want to know is where I’m going to die, so I’ll never go there. And a related thought: Early on, write your desired obituary – and then behave accordingly.- If you don’t care whether you are rational or not, you won’t work on it. Then you will stay irrational and get lousy results.- Patience can be learned. Having a long attention span and the ability to concentrate on one thing for a long time is a huge advantage.- You can learn a lot from dead people. Read of the deceased you admire and detest.- Don’t bail away in a sinking boat if you can swim to one that is seaworthy.- A great company keeps working after you are not; a mediocre company won’t do that.- Warren and I don’t focus on the froth of the market. We seek out good long-term investments and stubbornly hold them for a long time.- Ben Graham said, “Day to day, the stock market is a voting machine; in the long term it’s a weighing machine.” If you keep making something more valuable, then some wise person is going to notice it and start buying.- There is no such thing as a 100% sure thing when investing. Thus, the use of leverage is dangerous. A string of wonderful numbers times zero will always equal zero. Don’t count on getting rich twice.- You don’t, however, need to own a lot of things in order to get rich.- You have to keep learning if you want to become a great investor. When the world changes, you must change.- Warren and I hated railroad stocks for decades, but the world changed and finally the country had four huge railroads of vital importance to the American economy. We were slow to recognize the change, but better late than never.- Finally, I will add two short sentences by Charlie that have been his decision-clinchers for decades: “Warren, think more about it. You’re smart and I’m right.”And so it goes. I never have a phone call with Charlie without learning something. And, while he makes me think, he also makes me laugh.* * * * * * * * * * * *I will add to Charlie’s list a rule of my own:   Find   a   very   smart   high-grade partner – preferably slightly older than you – and then listen very carefully to what he says.A Family Gathering in OmahaCharlie and I are shameless. Last year, at our first shareholder get-together in three years, we greeted you with our usual commercial hustle.From the opening bell, we went straight for your wallet. In short order, our See’s kiosk sold you eleven tons of nourishing peanut brittle and chocolates. In our P.T. Barnum pitch, we promised you longevity. After all, what else but candy from See’s could account for Charlie and me making it to 99 and 92?I know you can’t wait to hear the specifics of last year’s hustle.On Friday, the doors were open from noon until 5 p.m., and our candy counters rang up 2,690 individual sales. On Saturday, See’s registered an additional 3,931 transactions between 7 a.m. and 4:30 p.m., despite the fact that 612 of the 912 operating hours occurred while our movie and the question-and-answer session were limiting commercial traffic.Do the math: See’s rang up about 10 sales per minute during its prime operating time (racking up $400,309 of volume during the two days), with all the goods purchased at a single location selling products that haven’t been materially altered in 101 years. What worked for See’s in the days of Henry Ford’s model T works now.* * * * * * * * * * * *Charlie, I, and the entire Berkshire bunch look forward to seeing you in Omaha on May 5-6. We will have a good time and so will you.February 25, 2023 Warren E. Buffett Chairman of the Board","news_type":1},"isVote":1,"tweetType":1,"viewCount":94,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954127837,"gmtCreate":1676133302629,"gmtModify":1676133305278,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":1,"repostSize":1,"link":"https://ttm.financial/post/9954127837","repostId":"1152663957","repostType":4,"repost":{"id":"1152663957","kind":"news","pubTimestamp":1676098698,"share":"https://ttm.financial/m/news/1152663957?lang=&edition=fundamental","pubTime":"2023-02-11 14:58","market":"us","language":"en","title":"Comparing The Cloud Leaders: Amazon Web Services, Microsoft Intelligent Cloud, And Google Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1152663957","media":"Seeking Alpha","summary":"SummaryThe trailing twelve months combined revenues of Amazon, Microsoft and Alphabet in their respe","content":"<html><head></head><body><h3>Summary</h3><ul><li>The trailing twelve months combined revenues of Amazon, Microsoft and Alphabet in their respective cloud computing businesses amounted to a staggering $188.2 billion.</li><li>The cloud computing market is clearly experiencing a slowdown as a result of companies tightening expenses due to the uncertain macroeconomic environment.</li><li>Both Amazon and Microsoft have highly profitable cloud computing businesses while Google Cloud profitability remains an uncertainty.</li></ul><p>As a result of covering the top cloud computing companies in the market, I wanted to share with the readers at Seeking Alpha an overview of the cloud computing market and why I believe this space provides attractive investment opportunities. Readers can see that I have a buy rating on <a href=\"https://laohu8.com/S/AMZN\">Amazon</a>, <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>, and <a href=\"https://laohu8.com/S/GOOGL\">Alphabet</a>. One of the main reasons for these ratings is their strong presence in the already sizeable and growing cloud computing market. Given this market is driven by the increasing demand of data storage and processing capabilities, the runway for growth is still considerable. Further to this, there is already solid data backing the stable revenues and high operating margins some companies in this space are able to achieve. This space is also changing some of the biggest companies in the world as a result of their cloud computing segments being their fastest growing segments and contributing to a sizable portion of their operating incomes. Furthermore, the cloud computing market has high barriers to entry with multi billion dollar investments needed in order to possess the scalability, efficiency, footprint, and capabilities to offer the best-in-class services. This results in significant competitive advantages for well-established technology companies such as AMZN, MSFT, and GOOGL. Let´s take a look into what really is cloud computing. I hope you enjoy the read!</p><h3>What is Cloud Computing?</h3><p>Let&#39;s start with the basics. What is cloud computing? Cloud computing is essentially a network of servers around the world acting as a huge hard drive. Before the cloud existed, companies and individuals needed to back up their information and data into external devices, meaning a different hard drive. Nowadays, all this information and data can be transferred into the cloud, making it much more efficient and convenient for companies and individuals. One of the main benefits of the cloud is the accessibility to data and information remotely from anywhere in world at any given time as long as you have an internet connection. Companies and individuals also do not have the constraint of having too little storage, as in the cloud you can essentially store all the data you want and need.</p><p>Most of the cloud services offered are based on a subscription model meaning there is a monthly fee paid by customers. The beauty of this model for customers is that they are able to scale up or down their costs as they see fit. So, the more they use the cloud the more they will need to pay, while the less they use it the lower their costs will be.</p><p>So, why do companies want to move to the cloud instead of managing their data on premises? Of course, the main reason is to save money. Instead of having to build and power their own data centers and pay employees to operate them, companies can instead save time and effort by simply paying a cloud provider for this service. This also gives companies flexibility. Given the cloud can be used as they see fit, they can use it more during certain months or less during quite times. This gives companies the flexibility to adjust to their own needs.</p><h3>How do cloud providers generate revenues?</h3><p>Cloud computing is and has been a booming market for about a decade now and is likely to continue growing. For reference the global cloud computing market is projected to reach over $1.2 trillion by 2027. As such companies of the likes of AMZN, MSFT and GOOGL are all vying for a piece of the market. But how do these companies generate revenues from the cloud? As previously explained, the cloud model is a subscription model where companies can choose to subscribe to various services and pay as they go, meaning they pay depending on the usage of the services. There are several ways cloud providers generate revenues from cloud services, going from data storage, data transfers, cyber security, etc. According to tech researcher Gartner (IT), MSFT and AMZN have the most complete ecosystems of software and partnerships with third-party software-as-a-service providers.</p><h3>Competitive Landscape</h3><p>At the moment it is clear that cloud computing is truly dominated by two companies, AMZN with its AWS business recording revenues during the trailing twelve months (“TTM”) of $80.1 billion and MSFT with its cloud segment recording TTM revenues of $81.8 billion. Nonetheless, there is a distant third making strides to become a worthy opponent to these cloud giants. I am talking about Alphabet, a company with its Google Cloud business that has doubled revenues within two years and shows no sign of stopping. Although at a very distant third, Google Cloud has just reported revenues during the last twelve months of $26.3 billion and experienced a 37% growth rate year on year. Although Google Cloud is still a third of the size compared to AWS or MSFT Intelligent Cloud segment, it should not be left out as a top competitor in the space.</p><p>To understand why Google Cloud is a true competitor in the space, let´s take a look at AWS during 2018. At the end of 2018, AWS had very similar numbers to Google Cloud with revenues at approx. $26 billion showing growth rates of 50%. Yes, the growth rate was higher than Google Cloud&#39;s 37%, but it just goes to show that within 5 years, AWS was able to grow to $80 billion in revenues and $22.8 billion in operating income.</p><p>Despite AMZN, MSFT and GOOGL being the top players in the market there are also other well-established companies vying for market share such as IBM (IBM), Oracle (ORCL), Salesforce (CRM), etc. At the other side of the ocean there are the Chinese tech giants Alibaba (BABA), Tencent (OTCPK:TCEHY), Baidu (BIDU) and Huawei competing for market share in the Chinese cloud computing market which is set to grow to $84 billion by 2026. Even though these companies are still relatively small in regards to cloud computing compared to AMZN, GOOGL and MSFT, with time they can grow and become serious contenders. Let&#39;s now take a look at the individual names and how they have performed!</p><h3><img src=\"https://static.tigerbbs.com/234dd572ace958d37013f1cca08c3b86\" tg-width=\"640\" tg-height=\"393\" width=\"100%\" height=\"auto\"/>Amazon Web Services</h3><p>AWS was launched in 2006 seeing an explosive growth since then, generating revenues of $80 billion and operating income of $22.8 billion during 2022. AWS offers a variety of services including database, storage, web &amp; mobile apps, machine learning, etc. According to Amazon, the number of active AWS users exceeds 1 million with customers such as Goldman Sachs, Disney, Samsung, Snapchat, etc.</p><p>AWS keeps raking in big time customers, during the fourth quarter it added Yahoo Ad Tech, Brookfield Asset Management, Wallbox, American Family Insurance, etc. Further to this, AWS also launched new regions in Spain and Switzerland as well as a second region in India to continue expanding its infrastructure footprint. As of the end of 2022, AWS has 96 availability zones within 30 geographic regions globally, with announced plans to launch 15 more availability zones and 5 more AWS regions.</p><p><img src=\"https://static.tigerbbs.com/3f48d27c77570b7dfce6a2f7d91c720b\" tg-width=\"628\" tg-height=\"246\" width=\"100%\" height=\"auto\"/>From the table above, it can be seen that AWS increased revenues by 29% year-over-year to $80.1 billion. Despite AWS revenues only accounting for ~16% of AMZN total revenues AWS operating income which stood at $22.8 billion accounted for 100% of the company&#39;s operating income. Yes, you read that correctly, both North America and International segments recorded a loss during 2022 and AWS completely offset these losses due to its high profitability. To give another example during 2020 and 2021, AWS accounted for 74% and 59% of the company&#39;s total operating income. As you can see AMZN depends heavily on its cloud business for its growth.</p><p><img src=\"https://static.tigerbbs.com/174c0602744843fefd8fe2f5e176016c\" tg-width=\"608\" tg-height=\"225\" width=\"100%\" height=\"auto\"/>On a quarterly basis, AWS has seen a decrease on its growth rate to 20% from 40% during the fourth quarter of 2021. As it will be seen later in the article, both MSFT and GOOGL also experienced a slowdown in growth rates. Starting back in the middle of the third quarter of 2022, management started seeing growth rates slow as companies of all sizes looked into their cloud spending in response to the tough macroeconomic conditions. These optimization efforts continued into the fourth quarter and will most probably continue for next couple of quarters.</p><h3>Robust Yearly Growth Continues</h3><p><img src=\"https://static.tigerbbs.com/4f458eb0d298692535415cd35c48e0d9\" tg-width=\"607\" tg-height=\"227\" width=\"100%\" height=\"auto\"/>AWS was very close to double revenues within two years. During 2020 revenues stood at $45.3 billion, fast forward two years and we see revenues touching the $80 billion mark. With the market expected to continue growing to $1.2 trillion by 2027 and with AMZN investing in its global footprint, we could see AWS growing by tens of billions of dollars albeit at a slower growth rate than previous years.</p><h3>MSFT Intelligent Cloud</h3><p>Microsoft Azure was launched in 2010, however Microsoft Intelligent Cloud segment consists of other cloud services such as SQL Server, Windows Server, Visual Studio, among others. The Intelligent Cloud segment services include databases, data storage, artificial intelligence, networking, web and mobile apps, etc. Similarly to AMZN, MSFT has also seen explosive growth during the last decade with TTM revenues standing at $81.2 billion and a whopping operating income of $34.8 billion. MSFT enjoys of a cloud computing business that constantly generates a truly spectacular operating income margin above 40%.</p><p>According to the company, in mid-2021 over 95 percent of Fortune 500 companies used Azure, it had over 145 million daily active users on Microsoft Teams, and over 250 thousand organizations using Microsoft Dynamics 365 and Microsoft Power Platform. Big name customers include T-Mobile, Bayer, L&#39;Oreal, Walmart, etc.</p><p>According to Dgtl Ingfra, at the end of 2022 Microsoft Azure had 60 geographic regions globally and 116 availability zones. This numbers are substantially higher than AWS and Google Cloud which combined have 64 geographic regions. This of course gives MSFT a competitive advantage regarding its reach to lure companies across the world towards its cloud services.</p><h3>Impact of MSFT Intelligent Cloud on Microsoft Overall Business</h3><p><img src=\"https://static.tigerbbs.com/3cfe82b3d844511c33cf17e8788cfd5d\" tg-width=\"640\" tg-height=\"161\" width=\"100%\" height=\"auto\"/>MSFT Intelligent Cloud segment increased its revenues to $81.8 billion during the TTM. MSFT Intelligent Cloud segment is quite important for Microsoft but not critical as AWS is for AMZN. The Intelligent Cloud segment now accounts for 40% of the company&#39;s total revenues and for 42% of MSFT operating income. This should give MSFT shareholders a peace of mind as the business growth does not depend entirely on the cloud segment.</p><p><img src=\"https://static.tigerbbs.com/8776c7389b26d35ab5619dbd4b8e0aff\" tg-width=\"604\" tg-height=\"207\" width=\"100%\" height=\"auto\"/>During the last quarter, revenue increased 18%, here we can also see that the growth rate is slowing down and actually touched the teens for MSFT. However, it should be mentioned that in dollar terms the growth remained relatively flat at $3.2 billion compared to $3.6 billion during the same period last year. Further to this, during 2022 MSFT completed the acquisition of Nuance Communications. Nuance is a leader in conversational AI and ambient intelligence across industries including healthcare, financial services, retail, and telecommunications. This will help the Intelligent Cloud segment strengthen MSFT capabilities across these industries and should boost revenue growth during the coming quarters.</p><h3>Growth Continues with Operating Margin Holding Up</h3><p><img src=\"https://static.tigerbbs.com/86e4542d8dcb4be066d049b07cd0744d\" tg-width=\"601\" tg-height=\"209\" width=\"100%\" height=\"auto\"/>MSFT fiscal year ends in June, as such we can compare the previous 3 years and the TTM results. With this information we can see that MSFT is very close to double revenues within 3 years. During FYE 2020 revenues stood at $48.4 billion, fast forward to the end of 2022 and we see revenues at $81 billion. I think it is very important to understand that we are talking about businesses which are about to touch the $100 billion mark and are still growing at very attractive growth rates. Albeit at a weaker rate, thanks to MSFT global footprint we should continue seeing this business growing and become an even more significant part of MSFT business as a whole.</p><h3>Google Cloud</h3><p>Google Cloud was made available for customers at the end of 2011 and since then it has become the third largest cloud service provider globally generating revenues of $26.3 billion during 2022. Google Cloud services include databases, security, smart analytics, artificial intelligence, etc. According to Dgtl Infra, as of the end of 2022 Google Cloud has 34 regions and 103 availability zones in operation. These regions include United States, Americas, Europe, and Asia Pacific. Thanks to its global reach, Google Cloud has been able to land big name customers such as Airbus, Procter &amp; Gamble, Carrefour, PayPal, Vodafone, Twitter, among others.</p><p>Now, it is time to address the elephant in the room, even though Google Cloud is already a big business and growing at attractive rates, it remains unprofitable. This means that the business has been unprofitable for more than a decade. We could ask ourselves, how is it that a $26 billion revenue generating business continues to be unprofitable? Well, as management has mentioned during many investors calls it all comes down to spending money in order to make money. Specifically during the latest investor call management mentioned it keeps investing ahead of revenues, these investments are significant and keep the business from becoming profitable. Let&#39;s take a look at Google Cloud financials.</p><h3>Impact of Google Cloud on Alphabet Overall Business</h3><p><img src=\"https://static.tigerbbs.com/6060d2f2682900ec1ca0be3e5891df66\" tg-width=\"640\" tg-height=\"160\" width=\"100%\" height=\"auto\"/>Google Cloud continues to increase its relevance for the company&#39;s top line, however it has not been able to reach the 10% mark as of yet and as of the latest quarter results, it continues to depress the company&#39;s overall operating income. Saying this, from the table above, we can clearly see that revenues keep increasing while operating losses continue to shrink. For example, if you compare the losses during the first quarter to the losses during the fourth quarter, these have shrunk by about 50%. Further to this, revenue keeps increasing at a very attractive rate, Google Cloud finished the 2022 year with a revenue increase of 37% compared to the previous year. Important to note that the growth rate experience by Google Cloud is above the growth rates achieved by AMZN and MSFT on yearly basis. Additionally, Google Cloud backlog continued to increase during the year, standing at $64.3 billion at the end of 2022. For reference Google Cloud backlog at the end of first quarter of 2022 stood at $50.5 billion.</p><p><img src=\"https://static.tigerbbs.com/70d1eb3b369fc582c61a2f54369afaad\" tg-width=\"640\" tg-height=\"216\" width=\"100%\" height=\"auto\"/>During the last quarter revenue increased 32%, again similarly to AMZN and MSFT, Google Cloud experienced a slowdown compared to the previous periods. Also similarly to MSFT, during 2022 management pursued an acquisition in order to boost the business. GOOGL completed the acquisition of Mandiant in Sept. 2022. Mandiant&#39;s dynamic cyber defense, threat intelligence and incident response services are expected to enhance Google Cloud&#39;s security offerings. Finally, the fact that Google Cloud has been able to double revenues and reduce operating losses by more than 60% should not go unnoticed. Even though these are still losses, the company is trending in the right direction.</p><h3>Growth Continues but so do Operating Losses</h3><p><img src=\"https://static.tigerbbs.com/4e8c86fc52c911781cb4b9906b7d7bcd\" tg-width=\"640\" tg-height=\"216\" width=\"100%\" height=\"auto\"/>Google Cloud revenues increased $7.1 billion from 2021 to 2022. This growth was primarily driven by Google Cloud Platform followed by Google Workspace offerings. Google Cloud&#39;s infrastructure and platform services were the largest drivers of growth in Google Cloud Platform. As for the decrease in operating losses, this was mainly driven by growth in revenues. As of the end of 2022, Google Cloud is very close to reaching the 10% mark as a percentage of total revenues. Also, the total losses for the year are now about 50% of the losses experienced during 2020. It is still too early to speculate if Google Cloud will be profitable for 2023, however, it is quite possible that the business will breakeven within the next four quarters.</p><h3>Google Cloud Revenue and Operating Losses Trend</h3><p><img src=\"https://static.tigerbbs.com/55e64658922254640c814afc7834679b\" tg-width=\"640\" tg-height=\"340\" width=\"100%\" height=\"auto\"/>To finalize the Google Cloud discussion, I wanted to show the above graph so that readers can see the revenues and operating losses trends from the trailing 10 quarters. As it can be seen Google Cloud revenues have been steadily growing albeit at a slower rate during the last four quarters. It can also be seen that operating losses are volatile with some quarters experiencing higher losses than other, nonetheless the trend here is that losses are decreasing. Another interesting fact is that Google Cloud has generated revenues for GOOGL amounting to $52.8 billion during the last ten quarters, however operating losses have amounted to $8.5 billion during the same timeframe. On a final note, Google Cloud has not seen a double-digit growth rate on a quarter-on-quarter basis for four quarters now, of course with higher revenues this is more difficult to achieve. It will be interesting to see if growth rates can climb back to the rates it was experiencing two years ago.</p><h3>Comparing Amazon Web Services, Microsoft Intelligent Cloud and Google Cloud</h3><p>Throughout the article I have provided insights on how these three businesses have performed on a financial basis and compared their growth rates, operating income margins, etc. Saying these I believe there are a couple interesting topics to help compare these cloud providers. The first one being the global footprint these businesses have, as with a more extensive footprint they will be able to reach more customers around the globe. For example, a noticeable trait where MSFT clearly has a competitive advantage compared to AMZN and GOOGL is the extensive global footprint MSFT has. As mentioned earlier Microsoft Azure has 60 geographic regions globally, this is significantly bigger numbers than AMZN and GOOGL which both have half of the geographic regions MSFT enjoys of. This extensive global footprint by MSFT was probably a driver for acquiring more customers worldwide. AMZN is clearly trying to catch up, announcing investments in 15 more availability zones and 5 more AWS regions. We can expect Google Cloud to make similar investments in order not to fall behind.</p><p>Another great topic to discuss, is how these three companies are trying to get as many customers as possible, however it seems that the true gains that really move the needle are customers which are big companies. It is here where the cloud providers can derive significant bigger tickets and drive revenue growth. As an example, according to consultancy firm Contino, Netflix was said to be one of AMZN biggest spenders in the cloud with about $19 million back in 2020. A customer with this ticket size is really what moves the needle for these companies. As for MSFT, its biggest customer back in 2020 was Verizon with a ticket size of $80 million. Similarly, one of Google Cloud&#39;s biggest customers back in 2020 was NewsCorp deriving revenues of $41 million. Of course much has changed since 2020, however this can give a feel of how important big spenders are for these cloud providers.</p><p>Finally, these companies are also trying to consolidate the market by acquiring companies in the space. For example during 2022, both MSFT and GOOGL made significant acquisition to bolster their cloud businesses. MSFT closed its $19.6 billion acquisition of Nuance Communications, while GOOGL closed it $5.4 billion acquisition of Mandiant. It should not come as a surprise if we keep seeing news of cloud computing companies being captured by these three leaders in the space.</p><h3>Cloud Computing Market Outlook</h3><p>Based on the comparative analysis of these three companies, it&#39;s clear that both AMZN and MSFT will increasingly depend on their cloud businesses to accelerate their revenue growth and earnings. At the same time, GOOGL will try to bolster its cloud segment and seek to become profitable. Despite being the clear leaders in the space, these companies will face robust competition from companies of the likes of IBM, ORCL, CRM, BABA, TCEHY, BIDU, etc.</p><p>The pie will definitely get bigger with the global cloud computing market projected to reach over $1.2 trillion by 2027. From this, the Chinese cloud computing market alone is set to grow to $84 billion by 2026 and Asia Pacific as a whole is expected to reach $200 billion by 2024. In this region we have strong players such as BABA, TCEHY, BIDU and Huawei vying for market share, and of course we can expect these companies to try to expand their businesses all across the Asia Pacific region. Even though these companies are still relatively small compared to AMZN, GOOGL and MSFT, with time they can grow and start rivaling the US Giants.</p><h3>Conclusion</h3><p>This article is mainly focused on the three biggest companies in the space, but I hope it brought the readers not only a better understanding of how important cloud computing is to these companies but to all the companies in the space. The cloud computing market truly offers attractive investment opportunities, as things currently stand, I believe MSFT holds a strong competitive advantage compared to most of the companies in the space. The reasons for this are the stable and growing revenues experienced by MSFT cloud computing segment, its high operating margins constantly above 40% as well as its advantage due to its extensive global footprint. This does not mean MSFT is the only investment opportunity, but it provides a certain security factor compared to other companies in the space. I recommend that investors consider looking more deeply into companies in the cloud computing space and consider the potential of gaining exposure to this growing market.</p><p>Editor&#39;s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.</p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Comparing The Cloud Leaders: Amazon Web Services, Microsoft Intelligent Cloud, And Google Cloud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nComparing The Cloud Leaders: Amazon Web Services, Microsoft Intelligent Cloud, And Google Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-11 14:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4577229-comparing-cloud-leaders-amazon-aws-microsoft-cloud-azure-google-cloud><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe trailing twelve months combined revenues of Amazon, Microsoft and Alphabet in their respective cloud computing businesses amounted to a staggering $188.2 billion.The cloud computing market ...</p>\n\n<a href=\"https://seekingalpha.com/article/4577229-comparing-cloud-leaders-amazon-aws-microsoft-cloud-azure-google-cloud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","GOOGL":"谷歌A","MSFT":"微软"},"source_url":"https://seekingalpha.com/article/4577229-comparing-cloud-leaders-amazon-aws-microsoft-cloud-azure-google-cloud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152663957","content_text":"SummaryThe trailing twelve months combined revenues of Amazon, Microsoft and Alphabet in their respective cloud computing businesses amounted to a staggering $188.2 billion.The cloud computing market is clearly experiencing a slowdown as a result of companies tightening expenses due to the uncertain macroeconomic environment.Both Amazon and Microsoft have highly profitable cloud computing businesses while Google Cloud profitability remains an uncertainty.As a result of covering the top cloud computing companies in the market, I wanted to share with the readers at Seeking Alpha an overview of the cloud computing market and why I believe this space provides attractive investment opportunities. Readers can see that I have a buy rating on Amazon, Microsoft, and Alphabet. One of the main reasons for these ratings is their strong presence in the already sizeable and growing cloud computing market. Given this market is driven by the increasing demand of data storage and processing capabilities, the runway for growth is still considerable. Further to this, there is already solid data backing the stable revenues and high operating margins some companies in this space are able to achieve. This space is also changing some of the biggest companies in the world as a result of their cloud computing segments being their fastest growing segments and contributing to a sizable portion of their operating incomes. Furthermore, the cloud computing market has high barriers to entry with multi billion dollar investments needed in order to possess the scalability, efficiency, footprint, and capabilities to offer the best-in-class services. This results in significant competitive advantages for well-established technology companies such as AMZN, MSFT, and GOOGL. Let´s take a look into what really is cloud computing. I hope you enjoy the read!What is Cloud Computing?Let's start with the basics. What is cloud computing? Cloud computing is essentially a network of servers around the world acting as a huge hard drive. Before the cloud existed, companies and individuals needed to back up their information and data into external devices, meaning a different hard drive. Nowadays, all this information and data can be transferred into the cloud, making it much more efficient and convenient for companies and individuals. One of the main benefits of the cloud is the accessibility to data and information remotely from anywhere in world at any given time as long as you have an internet connection. Companies and individuals also do not have the constraint of having too little storage, as in the cloud you can essentially store all the data you want and need.Most of the cloud services offered are based on a subscription model meaning there is a monthly fee paid by customers. The beauty of this model for customers is that they are able to scale up or down their costs as they see fit. So, the more they use the cloud the more they will need to pay, while the less they use it the lower their costs will be.So, why do companies want to move to the cloud instead of managing their data on premises? Of course, the main reason is to save money. Instead of having to build and power their own data centers and pay employees to operate them, companies can instead save time and effort by simply paying a cloud provider for this service. This also gives companies flexibility. Given the cloud can be used as they see fit, they can use it more during certain months or less during quite times. This gives companies the flexibility to adjust to their own needs.How do cloud providers generate revenues?Cloud computing is and has been a booming market for about a decade now and is likely to continue growing. For reference the global cloud computing market is projected to reach over $1.2 trillion by 2027. As such companies of the likes of AMZN, MSFT and GOOGL are all vying for a piece of the market. But how do these companies generate revenues from the cloud? As previously explained, the cloud model is a subscription model where companies can choose to subscribe to various services and pay as they go, meaning they pay depending on the usage of the services. There are several ways cloud providers generate revenues from cloud services, going from data storage, data transfers, cyber security, etc. According to tech researcher Gartner (IT), MSFT and AMZN have the most complete ecosystems of software and partnerships with third-party software-as-a-service providers.Competitive LandscapeAt the moment it is clear that cloud computing is truly dominated by two companies, AMZN with its AWS business recording revenues during the trailing twelve months (“TTM”) of $80.1 billion and MSFT with its cloud segment recording TTM revenues of $81.8 billion. Nonetheless, there is a distant third making strides to become a worthy opponent to these cloud giants. I am talking about Alphabet, a company with its Google Cloud business that has doubled revenues within two years and shows no sign of stopping. Although at a very distant third, Google Cloud has just reported revenues during the last twelve months of $26.3 billion and experienced a 37% growth rate year on year. Although Google Cloud is still a third of the size compared to AWS or MSFT Intelligent Cloud segment, it should not be left out as a top competitor in the space.To understand why Google Cloud is a true competitor in the space, let´s take a look at AWS during 2018. At the end of 2018, AWS had very similar numbers to Google Cloud with revenues at approx. $26 billion showing growth rates of 50%. Yes, the growth rate was higher than Google Cloud's 37%, but it just goes to show that within 5 years, AWS was able to grow to $80 billion in revenues and $22.8 billion in operating income.Despite AMZN, MSFT and GOOGL being the top players in the market there are also other well-established companies vying for market share such as IBM (IBM), Oracle (ORCL), Salesforce (CRM), etc. At the other side of the ocean there are the Chinese tech giants Alibaba (BABA), Tencent (OTCPK:TCEHY), Baidu (BIDU) and Huawei competing for market share in the Chinese cloud computing market which is set to grow to $84 billion by 2026. Even though these companies are still relatively small in regards to cloud computing compared to AMZN, GOOGL and MSFT, with time they can grow and become serious contenders. Let's now take a look at the individual names and how they have performed!Amazon Web ServicesAWS was launched in 2006 seeing an explosive growth since then, generating revenues of $80 billion and operating income of $22.8 billion during 2022. AWS offers a variety of services including database, storage, web & mobile apps, machine learning, etc. According to Amazon, the number of active AWS users exceeds 1 million with customers such as Goldman Sachs, Disney, Samsung, Snapchat, etc.AWS keeps raking in big time customers, during the fourth quarter it added Yahoo Ad Tech, Brookfield Asset Management, Wallbox, American Family Insurance, etc. Further to this, AWS also launched new regions in Spain and Switzerland as well as a second region in India to continue expanding its infrastructure footprint. As of the end of 2022, AWS has 96 availability zones within 30 geographic regions globally, with announced plans to launch 15 more availability zones and 5 more AWS regions.From the table above, it can be seen that AWS increased revenues by 29% year-over-year to $80.1 billion. Despite AWS revenues only accounting for ~16% of AMZN total revenues AWS operating income which stood at $22.8 billion accounted for 100% of the company's operating income. Yes, you read that correctly, both North America and International segments recorded a loss during 2022 and AWS completely offset these losses due to its high profitability. To give another example during 2020 and 2021, AWS accounted for 74% and 59% of the company's total operating income. As you can see AMZN depends heavily on its cloud business for its growth.On a quarterly basis, AWS has seen a decrease on its growth rate to 20% from 40% during the fourth quarter of 2021. As it will be seen later in the article, both MSFT and GOOGL also experienced a slowdown in growth rates. Starting back in the middle of the third quarter of 2022, management started seeing growth rates slow as companies of all sizes looked into their cloud spending in response to the tough macroeconomic conditions. These optimization efforts continued into the fourth quarter and will most probably continue for next couple of quarters.Robust Yearly Growth ContinuesAWS was very close to double revenues within two years. During 2020 revenues stood at $45.3 billion, fast forward two years and we see revenues touching the $80 billion mark. With the market expected to continue growing to $1.2 trillion by 2027 and with AMZN investing in its global footprint, we could see AWS growing by tens of billions of dollars albeit at a slower growth rate than previous years.MSFT Intelligent CloudMicrosoft Azure was launched in 2010, however Microsoft Intelligent Cloud segment consists of other cloud services such as SQL Server, Windows Server, Visual Studio, among others. The Intelligent Cloud segment services include databases, data storage, artificial intelligence, networking, web and mobile apps, etc. Similarly to AMZN, MSFT has also seen explosive growth during the last decade with TTM revenues standing at $81.2 billion and a whopping operating income of $34.8 billion. MSFT enjoys of a cloud computing business that constantly generates a truly spectacular operating income margin above 40%.According to the company, in mid-2021 over 95 percent of Fortune 500 companies used Azure, it had over 145 million daily active users on Microsoft Teams, and over 250 thousand organizations using Microsoft Dynamics 365 and Microsoft Power Platform. Big name customers include T-Mobile, Bayer, L'Oreal, Walmart, etc.According to Dgtl Ingfra, at the end of 2022 Microsoft Azure had 60 geographic regions globally and 116 availability zones. This numbers are substantially higher than AWS and Google Cloud which combined have 64 geographic regions. This of course gives MSFT a competitive advantage regarding its reach to lure companies across the world towards its cloud services.Impact of MSFT Intelligent Cloud on Microsoft Overall BusinessMSFT Intelligent Cloud segment increased its revenues to $81.8 billion during the TTM. MSFT Intelligent Cloud segment is quite important for Microsoft but not critical as AWS is for AMZN. The Intelligent Cloud segment now accounts for 40% of the company's total revenues and for 42% of MSFT operating income. This should give MSFT shareholders a peace of mind as the business growth does not depend entirely on the cloud segment.During the last quarter, revenue increased 18%, here we can also see that the growth rate is slowing down and actually touched the teens for MSFT. However, it should be mentioned that in dollar terms the growth remained relatively flat at $3.2 billion compared to $3.6 billion during the same period last year. Further to this, during 2022 MSFT completed the acquisition of Nuance Communications. Nuance is a leader in conversational AI and ambient intelligence across industries including healthcare, financial services, retail, and telecommunications. This will help the Intelligent Cloud segment strengthen MSFT capabilities across these industries and should boost revenue growth during the coming quarters.Growth Continues with Operating Margin Holding UpMSFT fiscal year ends in June, as such we can compare the previous 3 years and the TTM results. With this information we can see that MSFT is very close to double revenues within 3 years. During FYE 2020 revenues stood at $48.4 billion, fast forward to the end of 2022 and we see revenues at $81 billion. I think it is very important to understand that we are talking about businesses which are about to touch the $100 billion mark and are still growing at very attractive growth rates. Albeit at a weaker rate, thanks to MSFT global footprint we should continue seeing this business growing and become an even more significant part of MSFT business as a whole.Google CloudGoogle Cloud was made available for customers at the end of 2011 and since then it has become the third largest cloud service provider globally generating revenues of $26.3 billion during 2022. Google Cloud services include databases, security, smart analytics, artificial intelligence, etc. According to Dgtl Infra, as of the end of 2022 Google Cloud has 34 regions and 103 availability zones in operation. These regions include United States, Americas, Europe, and Asia Pacific. Thanks to its global reach, Google Cloud has been able to land big name customers such as Airbus, Procter & Gamble, Carrefour, PayPal, Vodafone, Twitter, among others.Now, it is time to address the elephant in the room, even though Google Cloud is already a big business and growing at attractive rates, it remains unprofitable. This means that the business has been unprofitable for more than a decade. We could ask ourselves, how is it that a $26 billion revenue generating business continues to be unprofitable? Well, as management has mentioned during many investors calls it all comes down to spending money in order to make money. Specifically during the latest investor call management mentioned it keeps investing ahead of revenues, these investments are significant and keep the business from becoming profitable. Let's take a look at Google Cloud financials.Impact of Google Cloud on Alphabet Overall BusinessGoogle Cloud continues to increase its relevance for the company's top line, however it has not been able to reach the 10% mark as of yet and as of the latest quarter results, it continues to depress the company's overall operating income. Saying this, from the table above, we can clearly see that revenues keep increasing while operating losses continue to shrink. For example, if you compare the losses during the first quarter to the losses during the fourth quarter, these have shrunk by about 50%. Further to this, revenue keeps increasing at a very attractive rate, Google Cloud finished the 2022 year with a revenue increase of 37% compared to the previous year. Important to note that the growth rate experience by Google Cloud is above the growth rates achieved by AMZN and MSFT on yearly basis. Additionally, Google Cloud backlog continued to increase during the year, standing at $64.3 billion at the end of 2022. For reference Google Cloud backlog at the end of first quarter of 2022 stood at $50.5 billion.During the last quarter revenue increased 32%, again similarly to AMZN and MSFT, Google Cloud experienced a slowdown compared to the previous periods. Also similarly to MSFT, during 2022 management pursued an acquisition in order to boost the business. GOOGL completed the acquisition of Mandiant in Sept. 2022. Mandiant's dynamic cyber defense, threat intelligence and incident response services are expected to enhance Google Cloud's security offerings. Finally, the fact that Google Cloud has been able to double revenues and reduce operating losses by more than 60% should not go unnoticed. Even though these are still losses, the company is trending in the right direction.Growth Continues but so do Operating LossesGoogle Cloud revenues increased $7.1 billion from 2021 to 2022. This growth was primarily driven by Google Cloud Platform followed by Google Workspace offerings. Google Cloud's infrastructure and platform services were the largest drivers of growth in Google Cloud Platform. As for the decrease in operating losses, this was mainly driven by growth in revenues. As of the end of 2022, Google Cloud is very close to reaching the 10% mark as a percentage of total revenues. Also, the total losses for the year are now about 50% of the losses experienced during 2020. It is still too early to speculate if Google Cloud will be profitable for 2023, however, it is quite possible that the business will breakeven within the next four quarters.Google Cloud Revenue and Operating Losses TrendTo finalize the Google Cloud discussion, I wanted to show the above graph so that readers can see the revenues and operating losses trends from the trailing 10 quarters. As it can be seen Google Cloud revenues have been steadily growing albeit at a slower rate during the last four quarters. It can also be seen that operating losses are volatile with some quarters experiencing higher losses than other, nonetheless the trend here is that losses are decreasing. Another interesting fact is that Google Cloud has generated revenues for GOOGL amounting to $52.8 billion during the last ten quarters, however operating losses have amounted to $8.5 billion during the same timeframe. On a final note, Google Cloud has not seen a double-digit growth rate on a quarter-on-quarter basis for four quarters now, of course with higher revenues this is more difficult to achieve. It will be interesting to see if growth rates can climb back to the rates it was experiencing two years ago.Comparing Amazon Web Services, Microsoft Intelligent Cloud and Google CloudThroughout the article I have provided insights on how these three businesses have performed on a financial basis and compared their growth rates, operating income margins, etc. Saying these I believe there are a couple interesting topics to help compare these cloud providers. The first one being the global footprint these businesses have, as with a more extensive footprint they will be able to reach more customers around the globe. For example, a noticeable trait where MSFT clearly has a competitive advantage compared to AMZN and GOOGL is the extensive global footprint MSFT has. As mentioned earlier Microsoft Azure has 60 geographic regions globally, this is significantly bigger numbers than AMZN and GOOGL which both have half of the geographic regions MSFT enjoys of. This extensive global footprint by MSFT was probably a driver for acquiring more customers worldwide. AMZN is clearly trying to catch up, announcing investments in 15 more availability zones and 5 more AWS regions. We can expect Google Cloud to make similar investments in order not to fall behind.Another great topic to discuss, is how these three companies are trying to get as many customers as possible, however it seems that the true gains that really move the needle are customers which are big companies. It is here where the cloud providers can derive significant bigger tickets and drive revenue growth. As an example, according to consultancy firm Contino, Netflix was said to be one of AMZN biggest spenders in the cloud with about $19 million back in 2020. A customer with this ticket size is really what moves the needle for these companies. As for MSFT, its biggest customer back in 2020 was Verizon with a ticket size of $80 million. Similarly, one of Google Cloud's biggest customers back in 2020 was NewsCorp deriving revenues of $41 million. Of course much has changed since 2020, however this can give a feel of how important big spenders are for these cloud providers.Finally, these companies are also trying to consolidate the market by acquiring companies in the space. For example during 2022, both MSFT and GOOGL made significant acquisition to bolster their cloud businesses. MSFT closed its $19.6 billion acquisition of Nuance Communications, while GOOGL closed it $5.4 billion acquisition of Mandiant. It should not come as a surprise if we keep seeing news of cloud computing companies being captured by these three leaders in the space.Cloud Computing Market OutlookBased on the comparative analysis of these three companies, it's clear that both AMZN and MSFT will increasingly depend on their cloud businesses to accelerate their revenue growth and earnings. At the same time, GOOGL will try to bolster its cloud segment and seek to become profitable. Despite being the clear leaders in the space, these companies will face robust competition from companies of the likes of IBM, ORCL, CRM, BABA, TCEHY, BIDU, etc.The pie will definitely get bigger with the global cloud computing market projected to reach over $1.2 trillion by 2027. From this, the Chinese cloud computing market alone is set to grow to $84 billion by 2026 and Asia Pacific as a whole is expected to reach $200 billion by 2024. In this region we have strong players such as BABA, TCEHY, BIDU and Huawei vying for market share, and of course we can expect these companies to try to expand their businesses all across the Asia Pacific region. Even though these companies are still relatively small compared to AMZN, GOOGL and MSFT, with time they can grow and start rivaling the US Giants.ConclusionThis article is mainly focused on the three biggest companies in the space, but I hope it brought the readers not only a better understanding of how important cloud computing is to these companies but to all the companies in the space. The cloud computing market truly offers attractive investment opportunities, as things currently stand, I believe MSFT holds a strong competitive advantage compared to most of the companies in the space. The reasons for this are the stable and growing revenues experienced by MSFT cloud computing segment, its high operating margins constantly above 40% as well as its advantage due to its extensive global footprint. This does not mean MSFT is the only investment opportunity, but it provides a certain security factor compared to other companies in the space. I recommend that investors consider looking more deeply into companies in the cloud computing space and consider the potential of gaining exposure to this growing market.Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":86,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9951458032,"gmtCreate":1673544567827,"gmtModify":1676538854463,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9951458032","repostId":"1123254057","repostType":4,"repost":{"id":"1123254057","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1673530236,"share":"https://ttm.financial/m/news/1123254057?lang=&edition=fundamental","pubTime":"2023-01-12 21:30","market":"us","language":"en","title":"U.S. Consumer Prices Rose 6.5% in December, In-Line With Economists’ Expectations","url":"https://stock-news.laohu8.com/highlight/detail?id=1123254057","media":"Tiger Newspress","summary":"Inflation closed out 2022 in a modest retreat, with consumer prices posting their biggest monthly de","content":"<html><head></head><body><p>Inflation closed out 2022 in a modest retreat, with consumer prices posting their biggest monthly decline since early in the pandemic, the Labor Department reported Thursday.</p><p><img src=\"https://static.tigerbbs.com/5801c8b3e2397a2dfc1ccea334715581\" tg-width=\"586\" tg-height=\"132\" referrerpolicy=\"no-referrer\"/></p><p>The consumer price index, which measures the cost of a broad basket of goods and services, fell 0.1% for the month, in line with the Dow Jones estimate. That equated to the largest month-over-month decrease since April 2020, as much of the country was in lockdown to combat Covid.</p><p>Even with the decline, headline CPI rose 6.5% from a year ago, highlighting the persistent burden that rising cost of living has placed on U.S. households. However, that was the smallest annual increase since October 2021.</p><p>Excluding volatile food and energy prices, co-called core CPI rose 0.3%, also meeting expectations. It was up 5.7% from a year ago, once again in line.</p><p>CPI is the most closely watched inflation gauge as it takes into account moves in everything from a gallon of gas to a dozen eggs and the cost of airline tickets.</p><p>The Federal Reserve prefers a different gauge that adjusts for changes in consumer behavior. However, the central bank takes in a broad array of information when measuring inflation, with CPI being part of the puzzle.</p><p>Markets are watching the Fed’s moves closely was officials battle against inflation that at its peak was the highest in 41 years. Supply chain bottlenecks, the war in Ukraine and trillions in fiscal and monetary stimulus helped contribute to surging prices that spanned across most areas of the economy.</p><p>Policymakers are weighing how much further they need to go with interest rate hikes used to slow the economy and tame inflation. The Fed so far has raised its benchmark borrowing rate 4.25 percentage points to its highest level in 15 years. Officials have indicated the rate is likely to exceed 5% before they can step back to see the impact of the policy tightening.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Consumer Prices Rose 6.5% in December, In-Line With Economists’ Expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Consumer Prices Rose 6.5% in December, In-Line With Economists’ Expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-01-12 21:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Inflation closed out 2022 in a modest retreat, with consumer prices posting their biggest monthly decline since early in the pandemic, the Labor Department reported Thursday.</p><p><img src=\"https://static.tigerbbs.com/5801c8b3e2397a2dfc1ccea334715581\" tg-width=\"586\" tg-height=\"132\" referrerpolicy=\"no-referrer\"/></p><p>The consumer price index, which measures the cost of a broad basket of goods and services, fell 0.1% for the month, in line with the Dow Jones estimate. That equated to the largest month-over-month decrease since April 2020, as much of the country was in lockdown to combat Covid.</p><p>Even with the decline, headline CPI rose 6.5% from a year ago, highlighting the persistent burden that rising cost of living has placed on U.S. households. However, that was the smallest annual increase since October 2021.</p><p>Excluding volatile food and energy prices, co-called core CPI rose 0.3%, also meeting expectations. It was up 5.7% from a year ago, once again in line.</p><p>CPI is the most closely watched inflation gauge as it takes into account moves in everything from a gallon of gas to a dozen eggs and the cost of airline tickets.</p><p>The Federal Reserve prefers a different gauge that adjusts for changes in consumer behavior. However, the central bank takes in a broad array of information when measuring inflation, with CPI being part of the puzzle.</p><p>Markets are watching the Fed’s moves closely was officials battle against inflation that at its peak was the highest in 41 years. Supply chain bottlenecks, the war in Ukraine and trillions in fiscal and monetary stimulus helped contribute to surging prices that spanned across most areas of the economy.</p><p>Policymakers are weighing how much further they need to go with interest rate hikes used to slow the economy and tame inflation. The Fed so far has raised its benchmark borrowing rate 4.25 percentage points to its highest level in 15 years. Officials have indicated the rate is likely to exceed 5% before they can step back to see the impact of the policy tightening.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123254057","content_text":"Inflation closed out 2022 in a modest retreat, with consumer prices posting their biggest monthly decline since early in the pandemic, the Labor Department reported Thursday.The consumer price index, which measures the cost of a broad basket of goods and services, fell 0.1% for the month, in line with the Dow Jones estimate. That equated to the largest month-over-month decrease since April 2020, as much of the country was in lockdown to combat Covid.Even with the decline, headline CPI rose 6.5% from a year ago, highlighting the persistent burden that rising cost of living has placed on U.S. households. However, that was the smallest annual increase since October 2021.Excluding volatile food and energy prices, co-called core CPI rose 0.3%, also meeting expectations. It was up 5.7% from a year ago, once again in line.CPI is the most closely watched inflation gauge as it takes into account moves in everything from a gallon of gas to a dozen eggs and the cost of airline tickets.The Federal Reserve prefers a different gauge that adjusts for changes in consumer behavior. However, the central bank takes in a broad array of information when measuring inflation, with CPI being part of the puzzle.Markets are watching the Fed’s moves closely was officials battle against inflation that at its peak was the highest in 41 years. Supply chain bottlenecks, the war in Ukraine and trillions in fiscal and monetary stimulus helped contribute to surging prices that spanned across most areas of the economy.Policymakers are weighing how much further they need to go with interest rate hikes used to slow the economy and tame inflation. The Fed so far has raised its benchmark borrowing rate 4.25 percentage points to its highest level in 15 years. Officials have indicated the rate is likely to exceed 5% before they can step back to see the impact of the policy tightening.","news_type":1},"isVote":1,"tweetType":1,"viewCount":74,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}