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2023-09-01

Great ariticle, would you like to share it?

@TigerOptions:Technical Analysis For Chinese Stocks

2023-04-09

Let hunt it alllll!!!

2023-04-08

Ok let hunt together

2023-04-08

Ok

@TigerEvents:【Game】Easter Egg Hunting with Tiger, Win Disney Shares and USD 120 Voucher

2023-04-07

Ok hunt hunt hunt with everyone

2023-04-05

Ok let the hunt begin

2023-02-26

Gk

@Tiger_SG:[Reward] How Will SG 2023 Budget Impact on Your Life and Investing?

2023-02-25

K

Wall St Ends Sharply Down, Posts Biggest Weekly Drop of 2023

2023-02-24

Great ariticle, would you like to share it?

@Tiger_SG:[Reward] How Will SG 2023 Budget Impact on Your Life and Investing?

2023-02-01

Ok

@TradingWarz: I'm SHORT on the NASDAQ QQQ NQ

2023-01-15

$SINGAPORE AIRLINES LTD(C6L.SI)$ Will you continue to hold or sell for profit?

2023-01-08

Ok

2023-01-07

Ok

2023-01-06

Ok

2023-01-05

K

2023-01-04

Great

2023-01-04

Ok

2023-01-04

Ok

2023-01-03

Ok

2023-01-02

Ok

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ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/214997933355160","repostId":"214652781576392","repostType":1,"repost":{"id":214652781576392,"gmtCreate":1693442533642,"gmtModify":1693447789132,"author":{"id":"3572212908677301","authorId":"3572212908677301","name":"TigerOptions","avatar":"https://community-static.tradeup.com/news/20925853481806adc78dcdfe25f2fe89","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572212908677301","authorIdStr":"3572212908677301"},"themes":[],"title":"Technical Analysis For Chinese Stocks","htmlText":"Over the last two weeks, Chinese stocks such as Pinduoduo, Alibaba, Li Auto, and XPeng have demonstrated significant upward momentum. 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Nonetheless, breaching this resistance demands a considerable effort, suggesting it might be prudent to adopt a bullish stance only after this hurdle is surmounted. $Alibaba(BABA)$ BABA Weekly Chart Over the course of a year, Alibaba'","images":[{"img":"https://community-static.tradeup.com/news/625eeda5ceb30005feda2f1085637568","width":"1010","height":"436"},{"img":"https://community-static.tradeup.com/news/781dab23e55bb74b550a07184c7860d8","width":"811","height":"320"},{"img":"https://community-static.tradeup.com/news/7cd808a03e179ec1daca6cbdf3fd5da6","width":"979","height":"412"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/214652781576392","isVote":2,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"vote":{"id":2781,"gmtBegin":1693442533630,"gmtEnd":1694047220423,"type":1,"upper":1,"title":"Best Chinese Stock","choices":[{"id":10388,"sort":1,"name":"Pinduoduo (PDD)","userSize":15,"voted":false},{"id":10389,"sort":2,"name":"Alibaba (BABA)","userSize":21,"voted":false},{"id":10390,"sort":3,"name":"Li Auto (LI)","userSize":4,"voted":false},{"id":10391,"sort":4,"name":"XPeng (XPEV)","userSize":7,"voted":false},{"id":10392,"sort":5,"name":"Others","userSize":3,"voted":false}]},"comments":[],"imageCount":4,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":874,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9946462244,"gmtCreate":1681025016589,"gmtModify":1681027457065,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"Let hunt it alllll!!!","listText":"Let hunt it alllll!!!","text":"Let hunt it alllll!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9946462244","isVote":1,"tweetType":1,"viewCount":515,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9946882251,"gmtCreate":1680916081473,"gmtModify":1680916084869,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"Ok let hunt together","listText":"Ok let hunt together","text":"Ok let hunt together","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9946882251","isVote":1,"tweetType":1,"viewCount":614,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9946882823,"gmtCreate":1680916059562,"gmtModify":1680916062970,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9946882823","repostId":"9943960936","repostType":1,"repost":{"id":9943960936,"gmtCreate":1679046534725,"gmtModify":1680580626622,"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":"【Game】Easter Egg Hunting with Tiger, Win Disney Shares and USD 120 Voucher","htmlText":"🐰🌷 Hop into the Easter spirit and join our \"Tiger's Egg Hunting\" game! 🎉Stand to win free Disney stocks and a USD 120 cash voucher!🎁🌟Our interactive Easter game is open to Tigers, and it's so easy to play! Simply jump and catch the egg, and you could be a lucky winner. 🐇That's not all. You can also invite your friends to join in the fun to earn more points. Plus, you can challenge your friends for a race up the leaderboard. Let's fly to the moon together!Don't miss out on this egg-citing opportunity to win BIG! Join the game now and hop on your way to victory. 🥳🐣<a href=\"https://www.tigerbrokers.com.sg/activity/market/2023/easter/?adcode=20230316162207#/\" target=\"_blank\">Join our Easter campaign now</a>","listText":"🐰🌷 Hop into the Easter spirit and join our \"Tiger's Egg Hunting\" game! 🎉Stand to win free Disney stocks and a USD 120 cash voucher!🎁🌟Our interactive Easter game is open to Tigers, and it's so easy to play! Simply jump and catch the egg, and you could be a lucky winner. 🐇That's not all. You can also invite your friends to join in the fun to earn more points. Plus, you can challenge your friends for a race up the leaderboard. Let's fly to the moon together!Don't miss out on this egg-citing opportunity to win BIG! Join the game now and hop on your way to victory. 🥳🐣<a href=\"https://www.tigerbrokers.com.sg/activity/market/2023/easter/?adcode=20230316162207#/\" target=\"_blank\">Join our Easter campaign now</a>","text":"🐰🌷 Hop into the Easter spirit and join our \"Tiger's Egg Hunting\" game! 🎉Stand to win free Disney stocks and a USD 120 cash voucher!🎁🌟Our interactive Easter game is open to Tigers, and it's so easy to play! Simply jump and catch the egg, and you could be a lucky winner. 🐇That's not all. You can also invite your friends to join in the fun to earn more points. Plus, you can challenge your friends for a race up the leaderboard. Let's fly to the moon together!Don't miss out on this egg-citing opportunity to win BIG! Join the game now and hop on your way to victory. 🥳🐣Join our Easter campaign now","images":[{"img":"https://community-static.tradeup.com/news/c90a7371a3bcd1e6c552d2aa23f72c33","width":"1200","height":"630"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943960936","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":555,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9946323804,"gmtCreate":1680869443908,"gmtModify":1680869447377,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"Ok hunt hunt hunt with everyone","listText":"Ok hunt hunt hunt with everyone","text":"Ok hunt hunt hunt with everyone","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9946323804","isVote":1,"tweetType":1,"viewCount":449,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9948643853,"gmtCreate":1680704633673,"gmtModify":1680706337632,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"Ok let the hunt begin","listText":"Ok let the hunt begin","text":"Ok let the hunt begin","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948643853","isVote":1,"tweetType":1,"viewCount":633,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957527954,"gmtCreate":1677425205179,"gmtModify":1677425212389,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"Gk","listText":"Gk","text":"Gk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957527954","repostId":"9954517204","repostType":1,"repost":{"id":9954517204,"gmtCreate":1676463075908,"gmtModify":1676463094614,"author":{"id":"4106547232749330","authorId":"4106547232749330","name":"Tiger_SG","avatar":"https://community-static.tradeup.com/news/9eb57a835b72d997d1941fb6605d80a4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106547232749330","authorIdStr":"4106547232749330"},"themes":[],"title":"[Reward] How Will SG 2023 Budget Impact on Your Life and Investing?","htmlText":"Welcome&nbsp;to&nbsp;READ&nbsp;the&nbsp;full&nbsp;PDF&nbsp;of&nbsp;<a href=\"https://www.mof.gov.sg/docs/librariesprovider3/budget2023/download/pdf/fy2023_budget_booklet_english.pdf\" target=\"_blank\">Singarpore&nbsp;2023&nbsp;Budget&nbsp;Booklet.</a>Singapore&nbsp;Finance Minister Lawrence Wong said the government will increase handouts(&nbsp;S$104 billion ($78.4 billion&nbsp;spending plan) to citizens to help offset a higher goods and services tax and rising living costs. On the other hand, taxes were raised on higher-value property, multinational firms, and luxury cars.Below&nbsp;are&nbsp;some&nbsp;Industry&nbsp;and&nbsp;SG&nbsp;stocks&nbsp;winners&nbsp;that&nbsp;may&nbsp;benefit&nbsp;from&nbsp;the&nbsp;new&nbsp;budget&nbsp;measurements.Welcome&nbsp;Tigers&nbsp;to&nbsp;reply&nbsp;to&nbsp;t","listText":"Welcome&nbsp;to&nbsp;READ&nbsp;the&nbsp;full&nbsp;PDF&nbsp;of&nbsp;<a href=\"https://www.mof.gov.sg/docs/librariesprovider3/budget2023/download/pdf/fy2023_budget_booklet_english.pdf\" target=\"_blank\">Singarpore&nbsp;2023&nbsp;Budget&nbsp;Booklet.</a>Singapore&nbsp;Finance Minister Lawrence Wong said the government will increase handouts(&nbsp;S$104 billion ($78.4 billion&nbsp;spending plan) to citizens to help offset a higher goods and services tax and rising living costs. On the other hand, taxes were raised on higher-value property, multinational firms, and luxury cars.Below&nbsp;are&nbsp;some&nbsp;Industry&nbsp;and&nbsp;SG&nbsp;stocks&nbsp;winners&nbsp;that&nbsp;may&nbsp;benefit&nbsp;from&nbsp;the&nbsp;new&nbsp;budget&nbsp;measurements.Welcome&nbsp;Tigers&nbsp;to&nbsp;reply&nbsp;to&nbsp;t","text":"Welcome to READ the full PDF of Singarpore 2023 Budget Booklet.Singapore Finance Minister Lawrence Wong said the government will increase handouts( S$104 billion ($78.4 billion spending plan) to citizens to help offset a higher goods and services tax and rising living costs. On the other hand, taxes were raised on higher-value property, multinational firms, and luxury cars.Below are some Industry and SG stocks winners that may benefit from the new budget measurements.Welcome Tigers to reply to t","images":[{"img":"https://community-static.tradeup.com/news/a67c954a87f90252a4fb3df5008911d7","width":"-1","height":"-1"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954517204","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":427,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957253718,"gmtCreate":1677310629635,"gmtModify":1677310634468,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957253718","repostId":"2314011339","repostType":4,"repost":{"id":"2314011339","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1677279021,"share":"https://ttm.financial/m/news/2314011339?lang=&edition=fundamental","pubTime":"2023-02-25 06:50","market":"us","language":"en","title":"Wall St Ends Sharply Down, Posts Biggest Weekly Drop of 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=2314011339","media":"Reuters","summary":"Dow's worst weekly performance in 5 monthsPCE data comes in strong, showing resilient consumerFor th","content":"<html><head></head><body><ul><li>Dow&#39;s worst weekly performance in 5 months</li><li>PCE data comes in strong, showing resilient consumer</li><li>For the week, all down: Dow 2.99%, S&amp;P 2.66%, Nasdaq 3.33%</li><li>Indexes down: Dow 1.02%, S&amp;P 1.05%, Nasdaq 1.69%</li></ul><p>Wall Street&#39;s main indexes posted their biggest weekly drop of 2023 after sharp losses on Friday, as investors braced for the possibility of more aggressive rate hikes from the U.S. Federal Reserve as U.S. economic data pointed to resilient consumers.</p><p>For the blue-chip Dow Jones Industrial Average   , the 3% fall was its biggest weekly decline since September. It was also the Dow&#39;s fourth straight weekly decline, its longest losing streak for nearly 10 months.</p><p>The S&amp;P 500 and Nasdaq Composite were also down 2.7% and 3.3%, respectively.</p><p>After a strong January, stocks have retreated this month as a slew of economic data amplified worries that the U.S. central bank might have to keep rates higher for longer.</p><p>Data on Friday showed the personal consumption expenditures (PCE) price index, the Fed&#39;s preferred inflation gauge, shot up 0.6% last month after gaining just 0.2% in December. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, jumped 1.8% last month, exceeding forecasts for a 1.3% rise.</p><p>Jason Pride, chief investment officer of private wealth at Glenmede, said previous market cycles had witnessed similar delayed reactions by the market to rising interest rates and data releases, which helps explain volatile trading patterns as investors slowly adjust.</p><p>&#34;This market has not yet realized the likelihood of a recession that we think is reality,&#34; he said, noting past rate hikes normally had taken between six and 18 months before their effects had fully filtered through into the economy.</p><p>&#34;We don&#39;t think (a recession is) a given, but there&#39;s a higher likelihood than the market has embedded in its thought process.&#34;</p><p>Traders of futures tied to the Fed&#39;s policy rate added to bets of at least three more rate hikes this year, with the peak rate seen in the range of 5.25%-5.5% by June.</p><p>Cleveland Fed President Loretta Mester said the Fed should raise interest rates higher than necessary if need be to get inflation fully under control.</p><p>The Dow Jones Industrial Average fell 336.99 points, or 1.02%, to 32,816.92, the S&amp;P 500    lost 42.28 points, or 1.05%, to 3,970.04 and the Nasdaq Composite    dropped 195.46 points, or 1.69%, to 11,394.94.</p><p>Nine of the 11 major S&amp;P sectors fell, with real estate, technology and consumer discretionary the biggest decliners. Communication services fell 1.4% to a sixth straight loss, its worst run since a similar six-session skid in August.</p><p>Megacap stocks including Tesla Inc, Amazon.com Inc and Nvidia Corp slid between 1.6% and 2.6% as Treasury yields rose.</p><p>The yield on two-year Treasury notes, which are highly sensitive to Fed policy, climbed to 4.826% - its highest in nearly four months.</p><p>Boeing Co slid 4.8% after the Federal Aviation Administration said the planemaker temporarily halted deliveries of its 787 Dreamliner jets.</p><p><a href=\"https://laohu8.com/S/ADBE\">Adobe</a> Inc sank 7.6% on reports the U.S. Justice Department would block the Photoshop maker&#39;s $20 billion bid for cloud-based designer platform Figma.</p><p>The decline in Adobe&#39;s stock was the largest since Sept. 15, the day the Figma agreement was announced.</p><p>Meanwhile, Range Resources Corp jumped 11.9% in late trading, its biggest gain in nine months, after Bloomberg News reported that Pioneer Natural Resources was in talks to buy it. Pioneer&#39;s stock fell 4.1% on the report.</p><p>Volume on U.S. exchanges was 10.31 billion shares, compared with the 11.53 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted 2 new 52-week highs and 11 new lows; the Nasdaq Composite recorded 44 new highs and 162 new lows.</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>Wall St Ends Sharply Down, Posts Biggest Weekly Drop of 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\">\nWall St Ends Sharply Down, Posts Biggest Weekly Drop of 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-02-25 06:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>Dow&#39;s worst weekly performance in 5 months</li><li>PCE data comes in strong, showing resilient consumer</li><li>For the week, all down: Dow 2.99%, S&amp;P 2.66%, Nasdaq 3.33%</li><li>Indexes down: Dow 1.02%, S&amp;P 1.05%, Nasdaq 1.69%</li></ul><p>Wall Street&#39;s main indexes posted their biggest weekly drop of 2023 after sharp losses on Friday, as investors braced for the possibility of more aggressive rate hikes from the U.S. Federal Reserve as U.S. economic data pointed to resilient consumers.</p><p>For the blue-chip Dow Jones Industrial Average   , the 3% fall was its biggest weekly decline since September. It was also the Dow&#39;s fourth straight weekly decline, its longest losing streak for nearly 10 months.</p><p>The S&amp;P 500 and Nasdaq Composite were also down 2.7% and 3.3%, respectively.</p><p>After a strong January, stocks have retreated this month as a slew of economic data amplified worries that the U.S. central bank might have to keep rates higher for longer.</p><p>Data on Friday showed the personal consumption expenditures (PCE) price index, the Fed&#39;s preferred inflation gauge, shot up 0.6% last month after gaining just 0.2% in December. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, jumped 1.8% last month, exceeding forecasts for a 1.3% rise.</p><p>Jason Pride, chief investment officer of private wealth at Glenmede, said previous market cycles had witnessed similar delayed reactions by the market to rising interest rates and data releases, which helps explain volatile trading patterns as investors slowly adjust.</p><p>&#34;This market has not yet realized the likelihood of a recession that we think is reality,&#34; he said, noting past rate hikes normally had taken between six and 18 months before their effects had fully filtered through into the economy.</p><p>&#34;We don&#39;t think (a recession is) a given, but there&#39;s a higher likelihood than the market has embedded in its thought process.&#34;</p><p>Traders of futures tied to the Fed&#39;s policy rate added to bets of at least three more rate hikes this year, with the peak rate seen in the range of 5.25%-5.5% by June.</p><p>Cleveland Fed President Loretta Mester said the Fed should raise interest rates higher than necessary if need be to get inflation fully under control.</p><p>The Dow Jones Industrial Average fell 336.99 points, or 1.02%, to 32,816.92, the S&amp;P 500    lost 42.28 points, or 1.05%, to 3,970.04 and the Nasdaq Composite    dropped 195.46 points, or 1.69%, to 11,394.94.</p><p>Nine of the 11 major S&amp;P sectors fell, with real estate, technology and consumer discretionary the biggest decliners. Communication services fell 1.4% to a sixth straight loss, its worst run since a similar six-session skid in August.</p><p>Megacap stocks including Tesla Inc, Amazon.com Inc and Nvidia Corp slid between 1.6% and 2.6% as Treasury yields rose.</p><p>The yield on two-year Treasury notes, which are highly sensitive to Fed policy, climbed to 4.826% - its highest in nearly four months.</p><p>Boeing Co slid 4.8% after the Federal Aviation Administration said the planemaker temporarily halted deliveries of its 787 Dreamliner jets.</p><p><a href=\"https://laohu8.com/S/ADBE\">Adobe</a> Inc sank 7.6% on reports the U.S. Justice Department would block the Photoshop maker&#39;s $20 billion bid for cloud-based designer platform Figma.</p><p>The decline in Adobe&#39;s stock was the largest since Sept. 15, the day the Figma agreement was announced.</p><p>Meanwhile, Range Resources Corp jumped 11.9% in late trading, its biggest gain in nine months, after Bloomberg News reported that Pioneer Natural Resources was in talks to buy it. Pioneer&#39;s stock fell 4.1% on the report.</p><p>Volume on U.S. exchanges was 10.31 billion shares, compared with the 11.53 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted 2 new 52-week highs and 11 new lows; the Nasdaq Composite recorded 44 new highs and 162 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"513500":"标普500ETF","LABP":"Landos Biopharma, Inc.",".SPX":"S&P 500 Index","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0238689110.USD":"贝莱德环球动力股票基金","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","TSLA":"特斯拉","LU0823411888.USD":"法巴消费创新基金 Cap","BK4532":"文艺复兴科技持仓","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4196":"保健护理服务","BK4535":"淡马锡持仓","BK4524":"宅经济概念","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4559":"巴菲特持仓","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4588":"碎股","SSO":"两倍做多标普500ETF","LU0368265418.SGD":"Blackrock World Energy Fund A2 SGD-H","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","APR":"Apria, Inc.","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","OEF":"标普100指数ETF-iShares","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","BK4581":"高盛持仓","LU0122376428.USD":"贝莱德世界能源基金A2","NVDA":"英伟达","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4099":"汽车制造商","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","RRC":"山脉资源","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC",".DJI":"道琼斯","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","CGEM":"Cullinan Therapeutics",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2314011339","content_text":"Dow's worst weekly performance in 5 monthsPCE data comes in strong, showing resilient consumerFor the week, all down: Dow 2.99%, S&P 2.66%, Nasdaq 3.33%Indexes down: Dow 1.02%, S&P 1.05%, Nasdaq 1.69%Wall Street's main indexes posted their biggest weekly drop of 2023 after sharp losses on Friday, as investors braced for the possibility of more aggressive rate hikes from the U.S. Federal Reserve as U.S. economic data pointed to resilient consumers.For the blue-chip Dow Jones Industrial Average   , the 3% fall was its biggest weekly decline since September. It was also the Dow's fourth straight weekly decline, its longest losing streak for nearly 10 months.The S&P 500 and Nasdaq Composite were also down 2.7% and 3.3%, respectively.After a strong January, stocks have retreated this month as a slew of economic data amplified worries that the U.S. central bank might have to keep rates higher for longer.Data on Friday showed the personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge, shot up 0.6% last month after gaining just 0.2% in December. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, jumped 1.8% last month, exceeding forecasts for a 1.3% rise.Jason Pride, chief investment officer of private wealth at Glenmede, said previous market cycles had witnessed similar delayed reactions by the market to rising interest rates and data releases, which helps explain volatile trading patterns as investors slowly adjust.\"This market has not yet realized the likelihood of a recession that we think is reality,\" he said, noting past rate hikes normally had taken between six and 18 months before their effects had fully filtered through into the economy.\"We don't think (a recession is) a given, but there's a higher likelihood than the market has embedded in its thought process.\"Traders of futures tied to the Fed's policy rate added to bets of at least three more rate hikes this year, with the peak rate seen in the range of 5.25%-5.5% by June.Cleveland Fed President Loretta Mester said the Fed should raise interest rates higher than necessary if need be to get inflation fully under control.The Dow Jones Industrial Average fell 336.99 points, or 1.02%, to 32,816.92, the S&P 500    lost 42.28 points, or 1.05%, to 3,970.04 and the Nasdaq Composite    dropped 195.46 points, or 1.69%, to 11,394.94.Nine of the 11 major S&P sectors fell, with real estate, technology and consumer discretionary the biggest decliners. Communication services fell 1.4% to a sixth straight loss, its worst run since a similar six-session skid in August.Megacap stocks including Tesla Inc, Amazon.com Inc and Nvidia Corp slid between 1.6% and 2.6% as Treasury yields rose.The yield on two-year Treasury notes, which are highly sensitive to Fed policy, climbed to 4.826% - its highest in nearly four months.Boeing Co slid 4.8% after the Federal Aviation Administration said the planemaker temporarily halted deliveries of its 787 Dreamliner jets.Adobe Inc sank 7.6% on reports the U.S. Justice Department would block the Photoshop maker's $20 billion bid for cloud-based designer platform Figma.The decline in Adobe's stock was the largest since Sept. 15, the day the Figma agreement was announced.Meanwhile, Range Resources Corp jumped 11.9% in late trading, its biggest gain in nine months, after Bloomberg News reported that Pioneer Natural Resources was in talks to buy it. Pioneer's stock fell 4.1% on the report.Volume on U.S. exchanges was 10.31 billion shares, compared with the 11.53 billion average for the full session over the last 20 trading days.The S&P 500 posted 2 new 52-week highs and 11 new lows; the Nasdaq Composite recorded 44 new highs and 162 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957652052,"gmtCreate":1677234168577,"gmtModify":1677234172395,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957652052","repostId":"9954517204","repostType":1,"repost":{"id":9954517204,"gmtCreate":1676463075908,"gmtModify":1676463094614,"author":{"id":"4106547232749330","authorId":"4106547232749330","name":"Tiger_SG","avatar":"https://community-static.tradeup.com/news/9eb57a835b72d997d1941fb6605d80a4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106547232749330","authorIdStr":"4106547232749330"},"themes":[],"title":"[Reward] How Will SG 2023 Budget Impact on Your Life and Investing?","htmlText":"Welcome&nbsp;to&nbsp;READ&nbsp;the&nbsp;full&nbsp;PDF&nbsp;of&nbsp;<a href=\"https://www.mof.gov.sg/docs/librariesprovider3/budget2023/download/pdf/fy2023_budget_booklet_english.pdf\" target=\"_blank\">Singarpore&nbsp;2023&nbsp;Budget&nbsp;Booklet.</a>Singapore&nbsp;Finance Minister Lawrence Wong said the government will increase handouts(&nbsp;S$104 billion ($78.4 billion&nbsp;spending plan) to citizens to help offset a higher goods and services tax and rising living costs. On the other hand, taxes were raised on higher-value property, multinational firms, and luxury cars.Below&nbsp;are&nbsp;some&nbsp;Industry&nbsp;and&nbsp;SG&nbsp;stocks&nbsp;winners&nbsp;that&nbsp;may&nbsp;benefit&nbsp;from&nbsp;the&nbsp;new&nbsp;budget&nbsp;measurements.Welcome&nbsp;Tigers&nbsp;to&nbsp;reply&nbsp;to&nbsp;t","listText":"Welcome&nbsp;to&nbsp;READ&nbsp;the&nbsp;full&nbsp;PDF&nbsp;of&nbsp;<a href=\"https://www.mof.gov.sg/docs/librariesprovider3/budget2023/download/pdf/fy2023_budget_booklet_english.pdf\" target=\"_blank\">Singarpore&nbsp;2023&nbsp;Budget&nbsp;Booklet.</a>Singapore&nbsp;Finance Minister Lawrence Wong said the government will increase handouts(&nbsp;S$104 billion ($78.4 billion&nbsp;spending plan) to citizens to help offset a higher goods and services tax and rising living costs. On the other hand, taxes were raised on higher-value property, multinational firms, and luxury cars.Below&nbsp;are&nbsp;some&nbsp;Industry&nbsp;and&nbsp;SG&nbsp;stocks&nbsp;winners&nbsp;that&nbsp;may&nbsp;benefit&nbsp;from&nbsp;the&nbsp;new&nbsp;budget&nbsp;measurements.Welcome&nbsp;Tigers&nbsp;to&nbsp;reply&nbsp;to&nbsp;t","text":"Welcome to READ the full PDF of Singarpore 2023 Budget Booklet.Singapore Finance Minister Lawrence Wong said the government will increase handouts( S$104 billion ($78.4 billion spending plan) to citizens to help offset a higher goods and services tax and rising living costs. On the other hand, taxes were raised on higher-value property, multinational firms, and luxury cars.Below are some Industry and SG stocks winners that may benefit from the new budget measurements.Welcome Tigers to reply to t","images":[{"img":"https://community-static.tradeup.com/news/a67c954a87f90252a4fb3df5008911d7","width":"-1","height":"-1"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954517204","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":396,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9955192160,"gmtCreate":1675259245951,"gmtModify":1676538987897,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955192160","repostId":"9955107414","repostType":1,"repost":{"id":9955107414,"gmtCreate":1675254588939,"gmtModify":1676538987395,"author":{"id":"10000000000010737","authorId":"10000000000010737","name":"TradingWarz","avatar":"https://community-static.tradeup.com/news/303d4a63498902b493cbbcddd0e3bd74","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"10000000000010737","authorIdStr":"10000000000010737"},"themes":[],"htmlText":"\n 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href=\"https://ttm.financial/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>Will you continue to hold or sell for profit?","listText":"<a href=\"https://ttm.financial/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>Will you continue to hold or sell for profit?","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$ Will you continue to hold or sell for profit?","images":[{"img":"https://community-static.tradeup.com/news/3c3e44fd4772b1e91a0ca521418ee221","width":"828","height":"1632"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/9958678845","isVote":1,"tweetType":1,"viewCount":881,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9097841813,"gmtCreate":1645418106722,"gmtModify":1676534026308,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097841813","repostId":"2213670409","repostType":4,"repost":{"id":"2213670409","pubTimestamp":1645399123,"share":"https://ttm.financial/m/news/2213670409?lang=&edition=fundamental","pubTime":"2022-02-21 07:18","market":"us","language":"en","title":"PCE Inflation, Consumer Confidence: What to Know This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=2213670409","media":"Yahoo Finance","summary":"After stocks endured a second straight week of selling last week, investors will be looking to a sla","content":"<html><head></head><body><p>After stocks endured a second straight week of selling last week, investors will be looking to a slate of fresh economic and earnings data as a catalyst for a potential reprieve.</p><p>The U.S. stock and bond markets will be closed Monday in observance of the Presidents Day holiday, so new data releases will be consolidated to the later part of the week. And updates on tensions in Russia and Ukraine will also remain in focus throughout the week after stocks sank to their lowest levels in a month on Friday, amid concerns about the escalating geopolitical conflict.</p><p>While the emerging threat of military conflict has overshadowed many other worries in the markets, inflation has still remained a central issue for investors. Inflation has implications both in informing the speed at which the Federal Reserve tightens monetary policy, and the extent to which consumers pull back on spending and slow overall economic activity in response to rising prices.</p><p>&#34;I really think most of the Russia-Ukraine volatility occurred in the energy space, particularly with oil. I think the rest of the volatility in the broader market has to do with the Fed tightening conversation,&#34; Frances Stacy, Optimal Capital director of strategy, told Yahoo Finance Live on Friday. &#34;We&#39;re looking at this sort of aggressive tightening against this backdrop of inflation, and I think that that&#39;s what&#39;s causing the volatility.&#34;</p><p>On Friday, the Bureau of Economic Analysis will release its monthly personal consumption expenditures (PCE) deflator, offering a fresh print on the extent of price increases across the recovering economy.</p><p>Consensus economists expect the PCE to post a rise of another 0.6% in January, according to Bloomberg data, accelerating from December&#39;s 0.4% increase. This would represent a 14th consecutive monthly increase, and bring the index up by 6.0% on a year-over-year basis. This, in turn, would mark the fastest increase since 1982, and also accelerate from December&#39;s 5.8% annual rise.</p><p><img src=\"https://static.tigerbbs.com/83b39365db67b4cbe5d9181911de7b8a\" tg-width=\"4421\" tg-height=\"2947\" referrerpolicy=\"no-referrer\"/></p><p>The core PCE index — the Fed&#39;s preferred gauge of underlying inflation stripping out volatile food and energy prices — likely also ramped compared to December&#39;s index. Consensus economists are looking for a 5.2% increase in core PCE in January, compared to December&#39;s 4.9% rise.</p><p>Expectations for the latest inflation print suggest the economy has still not yet seen the peak in price increases. And increasingly, central bank officials have come around to the notion that inflation has remained stickier than previously expected, especially as supply chain issues and virus-related disruptions persist.</p><p>&#34;Since the December meeting, I would say that the inflation situation is about the same but probably slightly worse,&#34; Federal Reserve Chair Jerome Powell said in a January press conference. &#34;I’d be inclined to raise my own estimate of 2022 core PCE inflation ... by a few tenths today.&#34;</p><p>And the latest print on PCE will likely reaffirm readings from other closely watched inflation prints. The January Consumer Price Index (CPI) jumped by 7.5% year-over-year to represent the largest increase since 1982, accelerating markedly from the 7.0% increase from December. And on the producer side, wholesale prices jumped 9.7% year-on-year in January, ticking down only slightly from December&#39;s record increase of 9.8%.</p><h2>Consumer confidence</h2><h2></h2><p>Despite the mounting inflationary pressures, however, consumers have largely continued to spend. Retail sales rose by a better-than-expected 3.8% in January, marking the biggest jump since March 2021 and exceeding estimates.</p><p>And this steady consumption has come even as consumers increasingly cited inflation as a key concern for their own personal finances. Average hourly wages have also climbed in recent months, but have still not kept pace with inflation.</p><p>&#34;The resilience of spending stands in stark contrast to the slump in consumer confidence, with households upping their purchases of big ticket items while simultaneously reporting that now is a particularly bad time to make those purchases,&#34; Paul Ashworth, chief North American economist for Capital Economics, wrote in a note. &#34;The surge in inflation is the root cause of consumer angst. Sentiment should improve as inflation falls back later this year, but the current weakness is a reminder that real consumption growth will be muted this year.&#34;</p><p>The Conference Board&#39;s Consumer Confidence Index due for release on Tuesday will help provide a timely snapshot of consumers&#39; thinking following the latest spike in prices at the beginning of the year. Consensus economists are looking for the index to fall to 110.0 for February, which would mark the lowest level since September 2021, when the Delta variant had weighed on consumers&#39; outlooks. The consumer confidence index had been at 113.8 in January.</p><h2>Earnings season rolls on</h2><h2><img src=\"https://static.tigerbbs.com/2704a78dbeac36d3a78a7c3a7e70f026\" tg-width=\"1878\" tg-height=\"2016\" width=\"100%\" height=\"auto\"/></h2><p>Investors will also receive a number of new earnings results this week, with major retailers including Home Depot (HD), Lowe&#39;s (LOW), Macy&#39;s (M) and The TJX Cos. (TJX) reporting alongside other closely watched names from Coinbase (COIN) to <a href=\"https://laohu8.com/S/W\">Wayfair</a> (W) and Nikola (NKLA).</p><p>So far this earnings season, corporate profits have remained robust, albeit while slowing compared to prior quarters. As of Friday, 84% of S&amp;P 500 companies had reported actual fourth-quarter earnings results, according to FactSet. And the estimated earnings growth rate for S&amp;P 500 companies in aggregate stood at 30.9%, compared to about 40% from the third quarter.</p><p>Still, the estimated earnings growth rate for the fourth quarter has trended continuously higher as more companies reported better-than-expected results. On December 31, the estimated earnings growth rate for the fourth quarter had been at just 21.2%.</p><p>But while results for many companies have been positive for the final three months of 2021, outlooks have weakened, reflecting lingering supply chain uncertainty, rising prices and other macro concerns. FactSet noted that of companies that held their earnings conference calls between Dec. 15 and Feb. 17, 72% of the corporations mentioned &#34;inflation.&#34;</p><p>&#34;In terms of earnings guidance from corporations, 71% of the S&amp;P 500 companies (55 out of 77) that have issued EPS [earnings per share] guidance for Q1 2022 have issued negative guidance,&#34; FactSet&#39;s John Butters wrote in a note Friday. &#34;This is the highest percentage of S&amp;P 500 companies issuing negative guidance since Q3 2019 (73%).&#34;</p><p>&#34;Thus, the market may be reacting more to the negative earnings guidance and downward estimates revisions for the first quarter of 2022 than the earnings surprises being reported for the fourth-quarter of 2021,&#34; Butters added.</p><h2>Economic calendar</h2><ul><li><p><b>Monday: </b><i>No notable reports scheduled for release</i></p></li><li><p><b>Tuesday: </b>FHFA House Price Index, December (1.1% expected, 1.1% in November); S&amp;P <a href=\"https://laohu8.com/S/CLGX\">CoreLogic</a> Case-Shiller 20-City Composite Index, December month-over-month (1.10% expected, 1.18% in November); S&amp;P CoreLogic Case-Shiller 20-City Composite Index, December year-over-year (18.30% expected, 18.29% in November); <a href=\"https://laohu8.com/S/MRKT\">Markit</a> U.S. Manufacturing PMI, February preliminary (56.0 expected, 55.5 in January); Markit U.S. Services PMI, February preliminary (53.0 expected, 51.2 in January); Markit U.S. Composite PMI, February preliminary (51.1 in January); Conference Board Consumer Confidence Index, February (110.0 expected, 113.8 in January); Richmond Fed Manufacturing Index, February (10 expected, 8 in January)</p></li><li><p><b>Wednesday: </b>MBA Mortgage Applications, week ended February 18 (-5.4% during prior week)</p></li><li><p><b>Thursday: </b>Chicago Fed National Activity Index, January (-0.15 in December); GDP annualized, quarter-over-quarter, 4Q second estimate (7.0% expected, 6.9% in prior estimate); Personal consumption, 4Q second estimate (3.3% expected, 3.3% in prior estimate); Core PCE quarter-over-quarter, 4Q second estimate (4.9% expected, 4.9% in prior estimate); Kansas City Fed Manufacturing Activity, February (24 in January)</p></li><li><p><b>Friday: </b>Personal income, January (-0.4%, 0.3% in December); Personal spending, January (1.5% expected, -0.6% in December); Durable Goods Orders, January preliminary (0.9% -0.7% in December); Durable Goods Orders excluding transportation, January preliminary (0.3% expected, 0.6% in December); PCE deflator, January year-over-year (6.0% expected, 5.8% in December); PCE deflator, January month-over-month (0.6% expected, 0.4% in December); PCE core deflator, January year-over-year (5.2% expected, 4.9% in December); PCE core deflator, January month-over-month (0.5% expected, 0.5% in December)</p></li></ul><h2>Earnings calendar</h2><h2></h2><p><b>Monday</b></p><p><i>No notable reports scheduled for release</i></p><p><b>Tuesday</b></p><p>Before market open: Apache Corp. (APA), Home Depot (HD), Tempur Sealy International (TPX), Macy&#39;s (M)</p><p>After market close: Caesar&#39;s Entertainment (CZR), Agilent Technologies (A), <a href=\"https://laohu8.com/S/FANG\">Diamondback Energy</a> (FANG), The Mosaic Co. (MOS), Toll Brothers (TOL), Virgin Galactic (SPCE), <a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a> (PANW), Teladoc Health (TDOC)</p><p><b>Wednesday</b></p><p>Before market open: Lowe&#39;s (LOW), <a href=\"https://laohu8.com/S/OSTK\">Overstock.com</a> (OSTK), The TJX Cos. (TJX), Cerner Corp. (CERN)</p><p>After market close: Hertz (HTZ), <a href=\"https://laohu8.com/S/EBAY\">eBay</a> (EBAY), Revolve Group Inc. (RVLV), <a href=\"https://laohu8.com/S/BKNG\">Booking Holdings</a> (BKNG), FuboTV (FUBO), Allbirds (BIRD), Bath and Body Works (BBWI), Chesapeake Energy (CHK), <a href=\"https://laohu8.com/S/LYV\">Live Nation Entertainment</a> (LYV), The Real Real (REAL), Lemonade (LMND)</p><p><b>Thursday</b></p><p>Before market open: Keurig Dr. Pepper (KDP), Newmont Corp. (NEM), SeaWorld Entertainment (SEAS), Moderna (MRNA), Planet Fitness (PLNT), Nikola (NKLA), Wayfair (W), Six Flags Entertainment (SIX), Discovery Inc. (DISCA), Norwegian Cruise Line Holdings (NCLH), Occidental Petroleum (OXY)</p><p>After market close: Intuit (INTU), Opendoor Technologies (OPEN), Autodesk (ADSK), Coinbase (COIN), Dell Technologies (DELL), <a href=\"https://laohu8.com/S/SQ2.AU\">Block Inc.</a> (SQ), Zscaler (ZS), Rocket Cos. (RKT), VMWare (VMW), Etsy (ETSY), Beyond Meat (BYND), Monster Beverage Corp. (MNST)</p><p><b>Friday</b></p><p><i>No notable reports scheduled for release</i></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>PCE Inflation, Consumer Confidence: What to Know 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; 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}\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\">\nPCE Inflation, Consumer Confidence: What to Know This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-21 07:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/pce-inflation-consumer-confidence-earnings-what-to-know-this-week-164350893.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After stocks endured a second straight week of selling last week, investors will be looking to a slate of fresh economic and earnings data as a catalyst for a potential reprieve.The U.S. stock and ...</p>\n\n<a href=\"https://finance.yahoo.com/news/pce-inflation-consumer-confidence-earnings-what-to-know-this-week-164350893.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4559":"巴菲特持仓","OXY":"西方石油","BK4077":"互动媒体与服务","BK4121":"生命科学工具和服务","HTZ":"赫兹租车","SPY.AU":"SPDR® S&P 500® ETF Trust","PLNT":"Planet Fitness Inc","BK4095":"家庭装饰品","COIN":"Coinbase Global, Inc.","BK4517":"邮轮概念","APA":"阿帕契","BK4551":"寇图资本持仓","ZS":"Zscaler Inc.","BK4094":"服装零售","BK4022":"陆运","KDP":"Keurig Dr Pepper Inc","JPM":"摩根大通","BK4097":"系统软件","BK4505":"高瓴资本持仓","BK4560":"网络安全概念","SPCE":"维珍银河",".SPX":"S&P 500 Index","BK4504":"桥水持仓","BK4125":"广播","BBWI":"Bath & Body Works Inc.","MOS":"美国美盛","BK4142":"酒店、度假村与豪华游轮","BK4112":"金融交易所和数据","BK4548":"巴美列捷福持仓","M":"梅西百货","BK4170":"电脑硬件、储存设备及电脑周边","LOW":"劳氏","BK4562":"SPAC上市公司","BK4107":"财产与意外伤害保险","HD":"家得宝","A":"安捷伦科技","BK4023":"应用软件","SPY":"标普500ETF","BK4554":"元宇宙及AR概念","BK4187":"航天航空与国防","BK4515":"5G概念","BK4532":"文艺复兴科技持仓","CZR":"凯撒娱乐","TJX":"The TJX Companies Inc.","BK4177":"软饮料","PANW":"Palo Alto Networks","NKLA":"Nikola Corporation","BK4108":"电影和娱乐","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4139":"生物科技","DISCA":"探索传播","FANG":"Diamondback Energy","CPI":"IQ Real Return ETF","BK4150":"赌场与赌博","BK4149":"建筑机械与重型卡车","BK4524":"宅经济概念"},"source_url":"https://finance.yahoo.com/news/pce-inflation-consumer-confidence-earnings-what-to-know-this-week-164350893.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2213670409","content_text":"After stocks endured a second straight week of selling last week, investors will be looking to a slate of fresh economic and earnings data as a catalyst for a potential reprieve.The U.S. stock and bond markets will be closed Monday in observance of the Presidents Day holiday, so new data releases will be consolidated to the later part of the week. And updates on tensions in Russia and Ukraine will also remain in focus throughout the week after stocks sank to their lowest levels in a month on Friday, amid concerns about the escalating geopolitical conflict.While the emerging threat of military conflict has overshadowed many other worries in the markets, inflation has still remained a central issue for investors. Inflation has implications both in informing the speed at which the Federal Reserve tightens monetary policy, and the extent to which consumers pull back on spending and slow overall economic activity in response to rising prices.\"I really think most of the Russia-Ukraine volatility occurred in the energy space, particularly with oil. I think the rest of the volatility in the broader market has to do with the Fed tightening conversation,\" Frances Stacy, Optimal Capital director of strategy, told Yahoo Finance Live on Friday. \"We're looking at this sort of aggressive tightening against this backdrop of inflation, and I think that that's what's causing the volatility.\"On Friday, the Bureau of Economic Analysis will release its monthly personal consumption expenditures (PCE) deflator, offering a fresh print on the extent of price increases across the recovering economy.Consensus economists expect the PCE to post a rise of another 0.6% in January, according to Bloomberg data, accelerating from December's 0.4% increase. This would represent a 14th consecutive monthly increase, and bring the index up by 6.0% on a year-over-year basis. This, in turn, would mark the fastest increase since 1982, and also accelerate from December's 5.8% annual rise.The core PCE index — the Fed's preferred gauge of underlying inflation stripping out volatile food and energy prices — likely also ramped compared to December's index. Consensus economists are looking for a 5.2% increase in core PCE in January, compared to December's 4.9% rise.Expectations for the latest inflation print suggest the economy has still not yet seen the peak in price increases. And increasingly, central bank officials have come around to the notion that inflation has remained stickier than previously expected, especially as supply chain issues and virus-related disruptions persist.\"Since the December meeting, I would say that the inflation situation is about the same but probably slightly worse,\" Federal Reserve Chair Jerome Powell said in a January press conference. \"I’d be inclined to raise my own estimate of 2022 core PCE inflation ... by a few tenths today.\"And the latest print on PCE will likely reaffirm readings from other closely watched inflation prints. The January Consumer Price Index (CPI) jumped by 7.5% year-over-year to represent the largest increase since 1982, accelerating markedly from the 7.0% increase from December. And on the producer side, wholesale prices jumped 9.7% year-on-year in January, ticking down only slightly from December's record increase of 9.8%.Consumer confidenceDespite the mounting inflationary pressures, however, consumers have largely continued to spend. Retail sales rose by a better-than-expected 3.8% in January, marking the biggest jump since March 2021 and exceeding estimates.And this steady consumption has come even as consumers increasingly cited inflation as a key concern for their own personal finances. Average hourly wages have also climbed in recent months, but have still not kept pace with inflation.\"The resilience of spending stands in stark contrast to the slump in consumer confidence, with households upping their purchases of big ticket items while simultaneously reporting that now is a particularly bad time to make those purchases,\" Paul Ashworth, chief North American economist for Capital Economics, wrote in a note. \"The surge in inflation is the root cause of consumer angst. Sentiment should improve as inflation falls back later this year, but the current weakness is a reminder that real consumption growth will be muted this year.\"The Conference Board's Consumer Confidence Index due for release on Tuesday will help provide a timely snapshot of consumers' thinking following the latest spike in prices at the beginning of the year. Consensus economists are looking for the index to fall to 110.0 for February, which would mark the lowest level since September 2021, when the Delta variant had weighed on consumers' outlooks. The consumer confidence index had been at 113.8 in January.Earnings season rolls onInvestors will also receive a number of new earnings results this week, with major retailers including Home Depot (HD), Lowe's (LOW), Macy's (M) and The TJX Cos. (TJX) reporting alongside other closely watched names from Coinbase (COIN) to Wayfair (W) and Nikola (NKLA).So far this earnings season, corporate profits have remained robust, albeit while slowing compared to prior quarters. As of Friday, 84% of S&P 500 companies had reported actual fourth-quarter earnings results, according to FactSet. And the estimated earnings growth rate for S&P 500 companies in aggregate stood at 30.9%, compared to about 40% from the third quarter.Still, the estimated earnings growth rate for the fourth quarter has trended continuously higher as more companies reported better-than-expected results. On December 31, the estimated earnings growth rate for the fourth quarter had been at just 21.2%.But while results for many companies have been positive for the final three months of 2021, outlooks have weakened, reflecting lingering supply chain uncertainty, rising prices and other macro concerns. FactSet noted that of companies that held their earnings conference calls between Dec. 15 and Feb. 17, 72% of the corporations mentioned \"inflation.\"\"In terms of earnings guidance from corporations, 71% of the S&P 500 companies (55 out of 77) that have issued EPS [earnings per share] guidance for Q1 2022 have issued negative guidance,\" FactSet's John Butters wrote in a note Friday. \"This is the highest percentage of S&P 500 companies issuing negative guidance since Q3 2019 (73%).\"\"Thus, the market may be reacting more to the negative earnings guidance and downward estimates revisions for the first quarter of 2022 than the earnings surprises being reported for the fourth-quarter of 2021,\" Butters added.Economic calendarMonday: No notable reports scheduled for releaseTuesday: FHFA House Price Index, December (1.1% expected, 1.1% in November); S&P CoreLogic Case-Shiller 20-City Composite Index, December month-over-month (1.10% expected, 1.18% in November); S&P CoreLogic Case-Shiller 20-City Composite Index, December year-over-year (18.30% expected, 18.29% in November); Markit U.S. Manufacturing PMI, February preliminary (56.0 expected, 55.5 in January); Markit U.S. Services PMI, February preliminary (53.0 expected, 51.2 in January); Markit U.S. Composite PMI, February preliminary (51.1 in January); Conference Board Consumer Confidence Index, February (110.0 expected, 113.8 in January); Richmond Fed Manufacturing Index, February (10 expected, 8 in January)Wednesday: MBA Mortgage Applications, week ended February 18 (-5.4% during prior week)Thursday: Chicago Fed National Activity Index, January (-0.15 in December); GDP annualized, quarter-over-quarter, 4Q second estimate (7.0% expected, 6.9% in prior estimate); Personal consumption, 4Q second estimate (3.3% expected, 3.3% in prior estimate); Core PCE quarter-over-quarter, 4Q second estimate (4.9% expected, 4.9% in prior estimate); Kansas City Fed Manufacturing Activity, February (24 in January)Friday: Personal income, January (-0.4%, 0.3% in December); Personal spending, January (1.5% expected, -0.6% in December); Durable Goods Orders, January preliminary (0.9% -0.7% in December); Durable Goods Orders excluding transportation, January preliminary (0.3% expected, 0.6% in December); PCE deflator, January year-over-year (6.0% expected, 5.8% in December); PCE deflator, January month-over-month (0.6% expected, 0.4% in December); PCE core deflator, January year-over-year (5.2% expected, 4.9% in December); PCE core deflator, January month-over-month (0.5% expected, 0.5% in December)Earnings calendarMondayNo notable reports scheduled for releaseTuesdayBefore market open: Apache Corp. (APA), Home Depot (HD), Tempur Sealy International (TPX), Macy's (M)After market close: Caesar's Entertainment (CZR), Agilent Technologies (A), Diamondback Energy (FANG), The Mosaic Co. (MOS), Toll Brothers (TOL), Virgin Galactic (SPCE), Palo Alto Networks (PANW), Teladoc Health (TDOC)WednesdayBefore market open: Lowe's (LOW), Overstock.com (OSTK), The TJX Cos. (TJX), Cerner Corp. (CERN)After market close: Hertz (HTZ), eBay (EBAY), Revolve Group Inc. (RVLV), Booking Holdings (BKNG), FuboTV (FUBO), Allbirds (BIRD), Bath and Body Works (BBWI), Chesapeake Energy (CHK), Live Nation Entertainment (LYV), The Real Real (REAL), Lemonade (LMND)ThursdayBefore market open: Keurig Dr. Pepper (KDP), Newmont Corp. (NEM), SeaWorld Entertainment (SEAS), Moderna (MRNA), Planet Fitness (PLNT), Nikola (NKLA), Wayfair (W), Six Flags Entertainment (SIX), Discovery Inc. (DISCA), Norwegian Cruise Line Holdings (NCLH), Occidental Petroleum (OXY)After market close: Intuit (INTU), Opendoor Technologies (OPEN), Autodesk (ADSK), Coinbase (COIN), Dell Technologies (DELL), Block Inc. (SQ), Zscaler (ZS), Rocket Cos. (RKT), VMWare (VMW), Etsy (ETSY), Beyond Meat (BYND), Monster Beverage Corp. (MNST)FridayNo notable reports scheduled for release","news_type":1},"isVote":1,"tweetType":1,"viewCount":78,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9022006874,"gmtCreate":1653439131398,"gmtModify":1676535282217,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022006874","repostId":"2237820378","repostType":4,"repost":{"id":"2237820378","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1653437439,"share":"https://ttm.financial/m/news/2237820378?lang=&edition=fundamental","pubTime":"2022-05-25 08:10","market":"us","language":"en","title":"Ray Dalio Says \"Cash Is Still Trash\", but Stocks Are Trashier","url":"https://stock-news.laohu8.com/highlight/detail?id=2237820378","media":"Dow Jones","summary":"It wouldn't be Davos week without a CNBC exclusive interview with Bridgewater Associates' Ray Dalio,","content":"<html><head></head><body><p>It wouldn&#39;t be Davos week without a CNBC exclusive interview with Bridgewater Associates&#39; Ray Dalio, the founder of the world&#39;s largest hedge fund by assets under management and one of the most closely followed market commentators -- at least, in the US.</p><p>Dalio has become well known in recent years for explaining his long-term thesis about the US economy and assets in a series of lengthy LinkedIn articles which he has also compiled into book form. And fortunately for those who are trying to decode his musings, his outlook hasn&#39;t actually changed all that much since the start of the pandemic.</p><p>Toward the beginning of Tuesday&#39;s interview, CNBC&#39;s Andrew Ross Sorkin cut to the chase and asked Dalio directly: is cash still &#34;trash&#34;? Dalio has been criticizing investors who opted to keep their powder dry for years now, repeating his mantra even as markets cratered during the spring of 2020.</p><p>And now?</p><p>&#34;Of course cash is still trash,&#34; Dalio replied. &#34;Do you know how fast you&#39;re losing buying power in cash?&#34;</p><p>Unfortunately, this doesn&#39;t mean that investors will be much better off keeping their money in stocks or bonds, because &#34;equities are trashier&#34;.</p><p>During a time when inflation is weighing heavily on real returns, Dalio said investors would be better off with &#39;real&#39; assets like real estate -- a position that was reflected yesterday in a piece by Guggenheim&#39;s Scott Minerd, who said he expects real estate and art to outperform stocks over the next five years.</p><p>After a decade of blockbuster equity returns, Dalio explained that the problem is too many investors are crowded into stocks. And while the past few months have been characterized by relentless selling, there&#39;s still plenty of froth that needs to be taken out of the market before an equilibrium can be achieved.</p><p>&#34;Here&#39;s the dynamic that I think is a problem: everybody is long equities, and everybody wants everything to go up.&#34;</p><p>&#34;The more they hype it the more it becomes somebody else&#39;s financial asset they&#39;re holding. You can&#39;t have that, so you&#39;re going to have an environment of negative real returns. Everything can&#39;t go up all the time, that system won&#39;t work that way,&#34; Dalio explained.</p><p>As the U.S. economy overheats and Americans struggle with the worst inflation in forty years and as inflation has become a global phenomenon, is it possible for the Federal Reserve to achieve its hoped-for &#39;soft landing&#39; for the economy?</p><p>Dalio doesn&#39;t think so.</p><p>Can the Fed reduce demand without breaking the back of the economy? Sorkin asked. &#34;The answer is no,&#34; Dalio replied.</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>Ray Dalio Says \"Cash Is Still Trash\", but Stocks Are Trashier</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\">\nRay Dalio Says \"Cash Is Still Trash\", but Stocks Are Trashier\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-05-25 08:10</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>It wouldn&#39;t be Davos week without a CNBC exclusive interview with Bridgewater Associates&#39; Ray Dalio, the founder of the world&#39;s largest hedge fund by assets under management and one of the most closely followed market commentators -- at least, in the US.</p><p>Dalio has become well known in recent years for explaining his long-term thesis about the US economy and assets in a series of lengthy LinkedIn articles which he has also compiled into book form. And fortunately for those who are trying to decode his musings, his outlook hasn&#39;t actually changed all that much since the start of the pandemic.</p><p>Toward the beginning of Tuesday&#39;s interview, CNBC&#39;s Andrew Ross Sorkin cut to the chase and asked Dalio directly: is cash still &#34;trash&#34;? Dalio has been criticizing investors who opted to keep their powder dry for years now, repeating his mantra even as markets cratered during the spring of 2020.</p><p>And now?</p><p>&#34;Of course cash is still trash,&#34; Dalio replied. &#34;Do you know how fast you&#39;re losing buying power in cash?&#34;</p><p>Unfortunately, this doesn&#39;t mean that investors will be much better off keeping their money in stocks or bonds, because &#34;equities are trashier&#34;.</p><p>During a time when inflation is weighing heavily on real returns, Dalio said investors would be better off with &#39;real&#39; assets like real estate -- a position that was reflected yesterday in a piece by Guggenheim&#39;s Scott Minerd, who said he expects real estate and art to outperform stocks over the next five years.</p><p>After a decade of blockbuster equity returns, Dalio explained that the problem is too many investors are crowded into stocks. And while the past few months have been characterized by relentless selling, there&#39;s still plenty of froth that needs to be taken out of the market before an equilibrium can be achieved.</p><p>&#34;Here&#39;s the dynamic that I think is a problem: everybody is long equities, and everybody wants everything to go up.&#34;</p><p>&#34;The more they hype it the more it becomes somebody else&#39;s financial asset they&#39;re holding. You can&#39;t have that, so you&#39;re going to have an environment of negative real returns. Everything can&#39;t go up all the time, that system won&#39;t work that way,&#34; Dalio explained.</p><p>As the U.S. economy overheats and Americans struggle with the worst inflation in forty years and as inflation has become a global phenomenon, is it possible for the Federal Reserve to achieve its hoped-for &#39;soft landing&#39; for the economy?</p><p>Dalio doesn&#39;t think so.</p><p>Can the Fed reduce demand without breaking the back of the economy? Sorkin asked. &#34;The answer is no,&#34; Dalio replied.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2237820378","content_text":"It wouldn't be Davos week without a CNBC exclusive interview with Bridgewater Associates' Ray Dalio, the founder of the world's largest hedge fund by assets under management and one of the most closely followed market commentators -- at least, in the US.Dalio has become well known in recent years for explaining his long-term thesis about the US economy and assets in a series of lengthy LinkedIn articles which he has also compiled into book form. And fortunately for those who are trying to decode his musings, his outlook hasn't actually changed all that much since the start of the pandemic.Toward the beginning of Tuesday's interview, CNBC's Andrew Ross Sorkin cut to the chase and asked Dalio directly: is cash still \"trash\"? Dalio has been criticizing investors who opted to keep their powder dry for years now, repeating his mantra even as markets cratered during the spring of 2020.And now?\"Of course cash is still trash,\" Dalio replied. \"Do you know how fast you're losing buying power in cash?\"Unfortunately, this doesn't mean that investors will be much better off keeping their money in stocks or bonds, because \"equities are trashier\".During a time when inflation is weighing heavily on real returns, Dalio said investors would be better off with 'real' assets like real estate -- a position that was reflected yesterday in a piece by Guggenheim's Scott Minerd, who said he expects real estate and art to outperform stocks over the next five years.After a decade of blockbuster equity returns, Dalio explained that the problem is too many investors are crowded into stocks. And while the past few months have been characterized by relentless selling, there's still plenty of froth that needs to be taken out of the market before an equilibrium can be achieved.\"Here's the dynamic that I think is a problem: everybody is long equities, and everybody wants everything to go up.\"\"The more they hype it the more it becomes somebody else's financial asset they're holding. You can't have that, so you're going to have an environment of negative real returns. Everything can't go up all the time, that system won't work that way,\" Dalio explained.As the U.S. economy overheats and Americans struggle with the worst inflation in forty years and as inflation has become a global phenomenon, is it possible for the Federal Reserve to achieve its hoped-for 'soft landing' for the economy?Dalio doesn't think so.Can the Fed reduce demand without breaking the back of the economy? Sorkin asked. \"The answer is no,\" Dalio replied.","news_type":1},"isVote":1,"tweetType":1,"viewCount":111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9010637569,"gmtCreate":1648352536497,"gmtModify":1676534330469,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9010637569","repostId":"2222855381","repostType":4,"repost":{"id":"2222855381","pubTimestamp":1648341420,"share":"https://ttm.financial/m/news/2222855381?lang=&edition=fundamental","pubTime":"2022-03-27 08:37","market":"us","language":"en","title":"2 Stocks I'm Buying No Matter What the Stock Market Does Next","url":"https://stock-news.laohu8.com/highlight/detail?id=2222855381","media":"Motley Fool","summary":"Investors should use the current market volatility to scoop up these companies and hold them for the next decade.","content":"<html><head></head><body><p>The stock market is known for its volatility, but it might as well be giving investors whiplash because of how fast it&#39;s moving up and down. The <b>Nasdaq Composite</b> index sank in the first three months of 2022, falling 20% by mid-March. After that, it shot right back up. As of this writing, it&#39;s only down 10% year to date.</p><p>Predicting where the market will go over the next week or month is next to impossible, so buying companies that you feel confident in for the next five years is often the best strategy. With this in mind, you should have a watch list full of stocks that you are ready to buy no matter what the stock market does next.</p><p>My watch list is chock-full of companies right now, but <b>Figs </b>( FIGS -2.25% ) and <b>Fiverr</b> ( FVRR -4.12% ) are near the top of it.</p><p><img src=\"https://static.tigerbbs.com/67490ad97506e19cacb499d01cca8217\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Image source: Figs.</p><h2>1. Figs</h2><p>Figs is uniquely positioned with <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the strongest brands in a niche market. The company sells hospital scrubs for nurses and other healthcare professionals, but it carries two characteristics: a strong brand name that no competitor has been able to reach as well as a gold-standard product in the industry. The company&#39;s Net Promoter Score (NPS) -- which measures customer satisfaction on a scale of -100 to 100, with a score of 70 being considered &#34;world-class&#34; -- was over 80 at the end of 2021. This is phenomenal, beating out even some of the strongest brands. <b>Peloton</b> only has an NPS of 68.</p><p>Figs&#39; scrubs are much higher quality than its competition. The company realizes that its customers wear its products every day, often for 10 or more hours, so it has prioritized comfort and utility. As a result of this quality and brand name, Figs has been able to price its products at a pretty penny: The company achieved a nearly 72% gross margin in 2021.</p><p>To be clear, Figs does face stiff competition and pushback from price-sensitive buyers. Jaanuu, another scrubs maker, can be more attractive to the price-sensitive consumer, and with Figs&#39; scrubs being a few dollars more expensive than those of its counterpart, that could hurt the business. Still, Jaanuu has yet to reach Figs&#39; level of brand recognition, which is a major selling point.</p><p>The company&#39;s adoption by healthcare workers has been nothing short of impressive. Figs had 1.9 million active customers in Q4 2021 who generated nearly $420 million in revenue for the year, up 60% from a year ago. And now, the company has expanded into a wider array of products, offering everything from outerwear to lifestyle products like sweatshirts and joggers that can be worn outside of work. Lifestyle products only represented 17% of revenue in Q4, but management believes this segment is just getting started.</p><p>With the U.S. healthcare apparel market worth $12 billion, Figs still has plenty of room to grow. The company also has aspirations to expand internationally, which could push its opportunity to $79 billion.</p><p>There is no doubt that the company&#39;s potential is immense, and considering Figs is trading at just 8.6 times sales -- not much higher than other apparel companies like <b>Lululemon</b> -- it&#39;s near the top of my watch list, and it should be on yours too.</p><h2>2. Fiverr</h2><p>Fiverr has been hammered recently, falling more than 77% from its all-time high set in January 2021. The company is one of the leading platforms for connecting freelancers with businesses, so it naturally gained popularity during the COVID-19 pandemic.</p><p>However, as the world began to reopen, many investors lost faith in the company, thinking that demand for its services would fall. On the contrary, Fiverr has seen continued success. Fiverr posted record revenue of $298 million for 2021, which grew a staggering 57% from 2020.</p><p>A driver of this was the company&#39;s take rate increase -- the portion of revenue that Fiverr keeps to itself from every transaction -- which is now over 29%. Considering that active buyers on the platform grew 23% year over year at the end of 2021, the value that Fiverr brings to its buyers seems to be worth the price hike.</p><p>The company did lose $65 million in 2021, but this is not as worrisome as one might think. Its $35.4 million in 2021 free cash flow can fuel most of this loss, and the $192 million in cash and securities on its balance sheet could help fund the rest.</p><p>It&#39;s clear that Fiverr&#39;s service is still valuable to millions of businesses around the world, and that might not change as long as freelancers continue to enjoy working from home. At nine times sales, the stock looks especially appealing today. Investors might want to consider owning this company, even if the market continues to swing up and down over the coming months.</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>2 Stocks I'm Buying No Matter What the Stock Market Does Next</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\">\n2 Stocks I'm Buying No Matter What the Stock Market Does Next\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-27 08:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/03/26/2-stocks-im-buying-no-matter-what-the-stock-market/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market is known for its volatility, but it might as well be giving investors whiplash because of how fast it's moving up and down. The Nasdaq Composite index sank in the first three months ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/03/26/2-stocks-im-buying-no-matter-what-the-stock-market/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4535":"淡马锡持仓","BK4561":"索罗斯持仓","FVRR":"Fiverr International Ltd.","BK4539":"次新股","BK4198":"医疗保健用品","FIGS":"FIGS, Inc."},"source_url":"https://www.fool.com/investing/2022/03/26/2-stocks-im-buying-no-matter-what-the-stock-market/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222855381","content_text":"The stock market is known for its volatility, but it might as well be giving investors whiplash because of how fast it's moving up and down. The Nasdaq Composite index sank in the first three months of 2022, falling 20% by mid-March. After that, it shot right back up. As of this writing, it's only down 10% year to date.Predicting where the market will go over the next week or month is next to impossible, so buying companies that you feel confident in for the next five years is often the best strategy. With this in mind, you should have a watch list full of stocks that you are ready to buy no matter what the stock market does next.My watch list is chock-full of companies right now, but Figs ( FIGS -2.25% ) and Fiverr ( FVRR -4.12% ) are near the top of it.Image source: Figs.1. FigsFigs is uniquely positioned with one of the strongest brands in a niche market. The company sells hospital scrubs for nurses and other healthcare professionals, but it carries two characteristics: a strong brand name that no competitor has been able to reach as well as a gold-standard product in the industry. The company's Net Promoter Score (NPS) -- which measures customer satisfaction on a scale of -100 to 100, with a score of 70 being considered \"world-class\" -- was over 80 at the end of 2021. This is phenomenal, beating out even some of the strongest brands. Peloton only has an NPS of 68.Figs' scrubs are much higher quality than its competition. The company realizes that its customers wear its products every day, often for 10 or more hours, so it has prioritized comfort and utility. As a result of this quality and brand name, Figs has been able to price its products at a pretty penny: The company achieved a nearly 72% gross margin in 2021.To be clear, Figs does face stiff competition and pushback from price-sensitive buyers. Jaanuu, another scrubs maker, can be more attractive to the price-sensitive consumer, and with Figs' scrubs being a few dollars more expensive than those of its counterpart, that could hurt the business. Still, Jaanuu has yet to reach Figs' level of brand recognition, which is a major selling point.The company's adoption by healthcare workers has been nothing short of impressive. Figs had 1.9 million active customers in Q4 2021 who generated nearly $420 million in revenue for the year, up 60% from a year ago. And now, the company has expanded into a wider array of products, offering everything from outerwear to lifestyle products like sweatshirts and joggers that can be worn outside of work. Lifestyle products only represented 17% of revenue in Q4, but management believes this segment is just getting started.With the U.S. healthcare apparel market worth $12 billion, Figs still has plenty of room to grow. The company also has aspirations to expand internationally, which could push its opportunity to $79 billion.There is no doubt that the company's potential is immense, and considering Figs is trading at just 8.6 times sales -- not much higher than other apparel companies like Lululemon -- it's near the top of my watch list, and it should be on yours too.2. FiverrFiverr has been hammered recently, falling more than 77% from its all-time high set in January 2021. The company is one of the leading platforms for connecting freelancers with businesses, so it naturally gained popularity during the COVID-19 pandemic.However, as the world began to reopen, many investors lost faith in the company, thinking that demand for its services would fall. On the contrary, Fiverr has seen continued success. Fiverr posted record revenue of $298 million for 2021, which grew a staggering 57% from 2020.A driver of this was the company's take rate increase -- the portion of revenue that Fiverr keeps to itself from every transaction -- which is now over 29%. Considering that active buyers on the platform grew 23% year over year at the end of 2021, the value that Fiverr brings to its buyers seems to be worth the price hike.The company did lose $65 million in 2021, but this is not as worrisome as one might think. Its $35.4 million in 2021 free cash flow can fuel most of this loss, and the $192 million in cash and securities on its balance sheet could help fund the rest.It's clear that Fiverr's service is still valuable to millions of businesses around the world, and that might not change as long as freelancers continue to enjoy working from home. At nine times sales, the stock looks especially appealing today. Investors might want to consider owning this company, even if the market continues to swing up and down over the coming months.","news_type":1},"isVote":1,"tweetType":1,"viewCount":116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9093967352,"gmtCreate":1643503116589,"gmtModify":1676533825841,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093967352","repostId":"1157223555","repostType":4,"repost":{"id":"1157223555","pubTimestamp":1643443466,"share":"https://ttm.financial/m/news/1157223555?lang=&edition=fundamental","pubTime":"2022-01-29 16:04","market":"us","language":"en","title":"Goldman Sachs Predicts Fed Will Raise Rates Five Times This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1157223555","media":"Bloomberg","summary":"Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve wi","content":"<html><head></head><body><p>Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve will raise interest rates more aggressively than they previously expected.</p><p>Economists led by Jan Hatzius now predict the Fed will lift its near zero benchmark by 25 basis points five times this year rather than on four occasions. That would take the benchmark to 1.25%-1.5% by the end of the year.</p><p>Shifts are now seen by Goldman Sachs in March, May, July, September and December. They also expect officials to announce the start of a balance sheet reduction in June.</p><p>The switch came days after Fed Chair Jerome Powell said officials were ready to raise rates in March and left the door open to moving at every meeting if needed to curb the fastest inflation in 40 years. A government report on Friday showed the Employment Cost Index rose 4% in the year through December, the most in two decades.</p><p>Fed Kicks Off Most Aggressive Global Tightening in Decades</p><p>“The evidence that wage growth is running above levels consistent with the Fed’s inflation target has strengthened, and we have revised up our inflation path,” the Goldman Sachs economists said in a report to clients. “In addition, Chair Powell’s comments earlier this week made it clear that the Fed leadership is open to a more aggressive pace of tightening.”</p><p>The Fed could still switch gears if market conditions change or the economy decelerates much faster than projected, or tighten monetary policy even more than forecast if inflation remains high enough, they said.</p><p>Even as they agreed the Fed will do more than they previously bet, banks were divided this week over how aggressive policy makers would be.</p><p>Bank of America Corp. now predicts seven rate hikes in 2022 and BNP Paribas SA forecasts six, while JPMorgan Chase &amp; Co. and Deutsche Bank AG see five.</p><p>Nomura Holdings Inc. even reckons the central bank will deliver a 50 basis points increase in March, which would be the biggest move since 2000.</p><p>Bloomberg Economics is sticking with the projection of five hikes it made earlier this month, though Chief Economist Anna Wong said this week there is a risk of six increases.</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>Goldman Sachs Predicts Fed Will Raise Rates Five Times This 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\">\nGoldman Sachs Predicts Fed Will Raise Rates Five Times This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-29 16:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/goldman-sachs-predicts-fed-raise-071350897.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve will raise interest rates more aggressively than they previously expected.Economists led by Jan ...</p>\n\n<a href=\"https://finance.yahoo.com/news/goldman-sachs-predicts-fed-raise-071350897.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/goldman-sachs-predicts-fed-raise-071350897.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157223555","content_text":"Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve will raise interest rates more aggressively than they previously expected.Economists led by Jan Hatzius now predict the Fed will lift its near zero benchmark by 25 basis points five times this year rather than on four occasions. That would take the benchmark to 1.25%-1.5% by the end of the year.Shifts are now seen by Goldman Sachs in March, May, July, September and December. They also expect officials to announce the start of a balance sheet reduction in June.The switch came days after Fed Chair Jerome Powell said officials were ready to raise rates in March and left the door open to moving at every meeting if needed to curb the fastest inflation in 40 years. A government report on Friday showed the Employment Cost Index rose 4% in the year through December, the most in two decades.Fed Kicks Off Most Aggressive Global Tightening in Decades“The evidence that wage growth is running above levels consistent with the Fed’s inflation target has strengthened, and we have revised up our inflation path,” the Goldman Sachs economists said in a report to clients. “In addition, Chair Powell’s comments earlier this week made it clear that the Fed leadership is open to a more aggressive pace of tightening.”The Fed could still switch gears if market conditions change or the economy decelerates much faster than projected, or tighten monetary policy even more than forecast if inflation remains high enough, they said.Even as they agreed the Fed will do more than they previously bet, banks were divided this week over how aggressive policy makers would be.Bank of America Corp. now predicts seven rate hikes in 2022 and BNP Paribas SA forecasts six, while JPMorgan Chase & Co. and Deutsche Bank AG see five.Nomura Holdings Inc. even reckons the central bank will deliver a 50 basis points increase in March, which would be the biggest move since 2000.Bloomberg Economics is sticking with the projection of five hikes it made earlier this month, though Chief Economist Anna Wong said this week there is a risk of six increases.","news_type":1},"isVote":1,"tweetType":1,"viewCount":76,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9040250705,"gmtCreate":1655682074007,"gmtModify":1676535682391,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040250705","repostId":"2244458597","repostType":4,"repost":{"id":"2244458597","pubTimestamp":1655679730,"share":"https://ttm.financial/m/news/2244458597?lang=&edition=fundamental","pubTime":"2022-06-20 07:02","market":"us","language":"en","title":"Recession Fears Roil Markets Amid Fed's Inflation Fight: What to Know This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=2244458597","media":"Yahoo Finance","summary":"The Federal Reserve’s latest rate hike is expected to keep markets on edge in the holiday-shortened ","content":"<html><head></head><body><p>The Federal Reserve’s latest rate hike is expected to keep markets on edge in the holiday-shortened week ahead. Wall Street will be closed on Monday, with markets observing Juneteenth for the first time.</p><p>Last week, the S&amp;P 500 logged its worst weekly performance since March 2020, losing 5.8% after falling into a bear market on Monday. This decline also marked the benchmark index&#39;s 10th loss in the last 11 weeks.</p><p>The U.S. central bank on Wednesday raised its benchmark interest rate by 75 basis points, the largest increase in nearly three decades. Fed Chair Jerome Powell also hinted at more aggressive tightening ahead as policymakers ratchet up their fight against inflation.</p><p>On Wall Street, the move spurred a wave of recession calls and sent markets into disarray.</p><p>The Dow Jones Industrial Average was down nearly 5% for the week, briefly slipping below the 30,000 level. The Nasdaq pared some losses to close higher Friday but still rounded the week out in the red, down roughly 1.7%. On Saturday, the price of bitcoin (BTC-USD) dropped below $18,000 for the first time since 2020 as risk assets continue to face pressure.</p><p>&#34;The main take-away for investors is that inflation has the Fed’s attention and that they are taking it very seriously,&#34; Independent Advisor Alliance Chief Investment Officer Chris Zaccarelli said. &#34;Despite the fact that higher interest rates – all things being equal – are bad for risk assets, it is more important to get inflation under control and the rapid (and flexible) change from 0.5% up to 0.75% on very short notice, showed a new willingness to fight inflation with actions rather than words.&#34;</p><p>While the Fed&#39;s unprecedented action Wednesday reiterated its commitment to normalizing price levels, investors and economists fear this also increased the risk its inflation-fighting measures may tip the economy into a recession.</p><p>“Our worst fears around the Fed have been confirmed: they fell way behind the curve and are now playing a dangerous game of catch up,” analysts at Bank of America said in a note Friday. The firm slashed its GDP growth forecast to almost zero and sees a 40% chance of a recession next year.</p><p>“In the spring of 2021 we argued that the biggest risk to the US economy was a boom-bust scenario,” the bank’s research team noted. “Over time the boom-bust scenario has become our baseline forecast.”</p><p>Meanwhile, at JPMorgan, analysts warned the S&amp;P 500&#39;s decline implies an 85% chance of recession.</p><p>All eyes will remain Powell in the coming week, with the Fed chair set to testify before the U.S. Senate Banking Committee Wednesday morning.</p><p>The Fed chief has remained adamant that the U.S. economy can avoid an economic slowdown, even as market participants lose confidence at the prospect of a “soft landing” – a period when economic growth is slowed just enough to quell inflation but without spurring economic downturn.</p><p>“We’re not trying to induce a recession now, let’s be clear about that,” Powell told reporters Wednesday. In remarks at a conference in Washington on Friday, Powell also doubled down on the central bank’s goal to rein in soaring price levels.</p><p>“My colleagues and I are acutely focused on returning inflation to our 2% objective,” he said. “The Federal Reserve’s strong commitment to our price-stability mandate contributes to the widespread confidence in the dollar as a store of value.”</p><p>Powell’s optimism does not appear to be shared by Wall Street or business leaders.</p><p>A survey released by the Conference Board found that 60% of chief executive officers and other C-suite leaders across the globe believe their geographic region will enter a recession by the end of 2023. Some 15% of CEOs say they believe their region has already entered recession.</p><p>Models from Bloomberg Economics suggest the risk of a recession has soared to more than 70%.</p><p>Another key sentiment gauge is set for release in the week ahead. The University of Michigan is scheduled to publish the final read on its sentiment index for June; the survey&#39;s initial reading for June fell to the lowest on record as inflation weighs on consumers.</p><p>Corporate earnings will be light during the week, with Lennar Corporation (LEN), Rite Aid Corporation (RAD), and FedEx Corporation (FDX) set to report quarterly results.</p><p>—</p><h2><b>Economic calendar</b></h2><h2></h2><p><b>Monday: </b><i>No notable reports scheduled for release.</i></p><p><b>Tuesday:</b> <b><i>Chicago Fed National Activity Index</i></b>, May (0.47 during prior month), <b><i>Existing Home Sales</i></b>, May (5.40 million expected, 5.61 during prior month), <b><i>Existing Home Sales</i></b>, month-over-month, May (-3.7% expected, -2.4% during prior month)</p><p><b>Wednesday:</b> <b><i>MBA Mortgage Applications</i></b>, week ended June 17 (-6.6% during prior week)</p><p><b>Thursday: </b><b><i>Current Account Balance</i></b>, Q1 (-$279.0 billion expected, -$217.9 billion during prior quarter), <b><i>Initial Jobless Claims</i></b>, week ended June 18 (232,000 expected, 229,000 during prior week); <b><i>Continuing Claims</i></b>, week ended June 11 (1.328 million expected, 1.312 million during prior week); <b><i>S&amp;P Global U.S. Manufacturing PMI</i></b>, June preliminary (56.3 expected, 57 during prior month); <b><i>S&amp;P Global U.S. Services PMI</i></b>, June preliminary (53.5 expected, 53.4 during prior month); <b><i>S&amp;P Global U.S. Composite PMI</i></b>, June preliminary (53.6 during prior month); <b><i>Kansas City Fed Manufacturing Activity</i></b>, June (23 during prior month)</p><p><b>Friday: </b><b><i>University of Michigan Sentiment,</i></b> June final (50.2 expected, 50.2 during prior month), <b><i>University of Michigan Current Conditions</i></b>, June final (55.4 during prior month), <b><i>University of Michigan Expectations</i></b>, June final (46.8 during prior month), <b><i>University of Michigan 1-Year Inflation</i></b>, June final (5.4% during prior month), <b><i>University of Michigan 5-10-Year Inflation</i></b>, June final (3.3% during prior month), <b><i>New Home Sales</i></b>, May (595,000 expected, 591,000 during prior month), <b><i>New Home Sales</i></b>, month-over-month, May (0.7% expected, -16.6% during prior month)</p><p>—</p><h2><b>Earnings calendar</b></h2><h2></h2><p><b>Monday</b></p><p><i>No notable reports scheduled for release.</i></p><p><b>Tuesday</b></p><p>Before market open: <b>Lennar Corporation</b> (LEN)</p><p>After market close: <b>La-Z-Boy Incorporated</b> (LZB)</p><p><b>Wednesday</b></p><p>Before market open: <b>Korn Ferry</b> (KFY), <b>Winnebago Industries</b> (WGO)</p><p>After market close: <b><a href=\"https://laohu8.com/S/KBH\">KB Home</a></b> (KBH)</p><p><b>Thursday</b></p><p>Before market open: <b>FactSet Research</b> (FDS), <b>Rite Aid</b> (RAD), <b><a href=\"https://laohu8.com/S/APOG\">Apogee Enterprises</a></b> (APOG)</p><p>After market close: <b>FedEx</b> (FDX), <b>BlackBerry</b> (BB)</p><p><b>Friday</b></p><p>Before market open: <b>CarMax</b> (KMX)</p><p>After market close: <i>No notable reports scheduled for release.</i></p><p>—</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>Recession Fears Roil Markets Amid Fed's Inflation Fight: What to Know 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; 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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\">\nRecession Fears Roil Markets Amid Fed's Inflation Fight: What to Know This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-20 07:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fed-hikes-up-inflation-fight-recession-fears-roil-markets-what-to-know-this-week-161625390.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Federal Reserve’s latest rate hike is expected to keep markets on edge in the holiday-shortened week ahead. Wall Street will be closed on Monday, with markets observing Juneteenth for the first ...</p>\n\n<a href=\"https://finance.yahoo.com/news/fed-hikes-up-inflation-fight-recession-fears-roil-markets-what-to-know-this-week-161625390.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/fed-hikes-up-inflation-fight-recession-fears-roil-markets-what-to-know-this-week-161625390.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2244458597","content_text":"The Federal Reserve’s latest rate hike is expected to keep markets on edge in the holiday-shortened week ahead. Wall Street will be closed on Monday, with markets observing Juneteenth for the first time.Last week, the S&P 500 logged its worst weekly performance since March 2020, losing 5.8% after falling into a bear market on Monday. This decline also marked the benchmark index's 10th loss in the last 11 weeks.The U.S. central bank on Wednesday raised its benchmark interest rate by 75 basis points, the largest increase in nearly three decades. Fed Chair Jerome Powell also hinted at more aggressive tightening ahead as policymakers ratchet up their fight against inflation.On Wall Street, the move spurred a wave of recession calls and sent markets into disarray.The Dow Jones Industrial Average was down nearly 5% for the week, briefly slipping below the 30,000 level. The Nasdaq pared some losses to close higher Friday but still rounded the week out in the red, down roughly 1.7%. On Saturday, the price of bitcoin (BTC-USD) dropped below $18,000 for the first time since 2020 as risk assets continue to face pressure.\"The main take-away for investors is that inflation has the Fed’s attention and that they are taking it very seriously,\" Independent Advisor Alliance Chief Investment Officer Chris Zaccarelli said. \"Despite the fact that higher interest rates – all things being equal – are bad for risk assets, it is more important to get inflation under control and the rapid (and flexible) change from 0.5% up to 0.75% on very short notice, showed a new willingness to fight inflation with actions rather than words.\"While the Fed's unprecedented action Wednesday reiterated its commitment to normalizing price levels, investors and economists fear this also increased the risk its inflation-fighting measures may tip the economy into a recession.“Our worst fears around the Fed have been confirmed: they fell way behind the curve and are now playing a dangerous game of catch up,” analysts at Bank of America said in a note Friday. The firm slashed its GDP growth forecast to almost zero and sees a 40% chance of a recession next year.“In the spring of 2021 we argued that the biggest risk to the US economy was a boom-bust scenario,” the bank’s research team noted. “Over time the boom-bust scenario has become our baseline forecast.”Meanwhile, at JPMorgan, analysts warned the S&P 500's decline implies an 85% chance of recession.All eyes will remain Powell in the coming week, with the Fed chair set to testify before the U.S. Senate Banking Committee Wednesday morning.The Fed chief has remained adamant that the U.S. economy can avoid an economic slowdown, even as market participants lose confidence at the prospect of a “soft landing” – a period when economic growth is slowed just enough to quell inflation but without spurring economic downturn.“We’re not trying to induce a recession now, let’s be clear about that,” Powell told reporters Wednesday. In remarks at a conference in Washington on Friday, Powell also doubled down on the central bank’s goal to rein in soaring price levels.“My colleagues and I are acutely focused on returning inflation to our 2% objective,” he said. “The Federal Reserve’s strong commitment to our price-stability mandate contributes to the widespread confidence in the dollar as a store of value.”Powell’s optimism does not appear to be shared by Wall Street or business leaders.A survey released by the Conference Board found that 60% of chief executive officers and other C-suite leaders across the globe believe their geographic region will enter a recession by the end of 2023. Some 15% of CEOs say they believe their region has already entered recession.Models from Bloomberg Economics suggest the risk of a recession has soared to more than 70%.Another key sentiment gauge is set for release in the week ahead. The University of Michigan is scheduled to publish the final read on its sentiment index for June; the survey's initial reading for June fell to the lowest on record as inflation weighs on consumers.Corporate earnings will be light during the week, with Lennar Corporation (LEN), Rite Aid Corporation (RAD), and FedEx Corporation (FDX) set to report quarterly results.—Economic calendarMonday: No notable reports scheduled for release.Tuesday: Chicago Fed National Activity Index, May (0.47 during prior month), Existing Home Sales, May (5.40 million expected, 5.61 during prior month), Existing Home Sales, month-over-month, May (-3.7% expected, -2.4% during prior month)Wednesday: MBA Mortgage Applications, week ended June 17 (-6.6% during prior week)Thursday: Current Account Balance, Q1 (-$279.0 billion expected, -$217.9 billion during prior quarter), Initial Jobless Claims, week ended June 18 (232,000 expected, 229,000 during prior week); Continuing Claims, week ended June 11 (1.328 million expected, 1.312 million during prior week); S&P Global U.S. Manufacturing PMI, June preliminary (56.3 expected, 57 during prior month); S&P Global U.S. Services PMI, June preliminary (53.5 expected, 53.4 during prior month); S&P Global U.S. Composite PMI, June preliminary (53.6 during prior month); Kansas City Fed Manufacturing Activity, June (23 during prior month)Friday: University of Michigan Sentiment, June final (50.2 expected, 50.2 during prior month), University of Michigan Current Conditions, June final (55.4 during prior month), University of Michigan Expectations, June final (46.8 during prior month), University of Michigan 1-Year Inflation, June final (5.4% during prior month), University of Michigan 5-10-Year Inflation, June final (3.3% during prior month), New Home Sales, May (595,000 expected, 591,000 during prior month), New Home Sales, month-over-month, May (0.7% expected, -16.6% during prior month)—Earnings calendarMondayNo notable reports scheduled for release.TuesdayBefore market open: Lennar Corporation (LEN)After market close: La-Z-Boy Incorporated (LZB)WednesdayBefore market open: Korn Ferry (KFY), Winnebago Industries (WGO)After market close: KB Home (KBH)ThursdayBefore market open: FactSet Research (FDS), Rite Aid (RAD), Apogee Enterprises (APOG)After market close: FedEx (FDX), BlackBerry (BB)FridayBefore market open: CarMax (KMX)After market close: No notable reports scheduled for release.—","news_type":1},"isVote":1,"tweetType":1,"viewCount":134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9081900991,"gmtCreate":1650174611910,"gmtModify":1676534663690,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9081900991","repostId":"1133070824","repostType":4,"repost":{"id":"1133070824","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":1649399100,"share":"https://ttm.financial/m/news/1133070824?lang=&edition=fundamental","pubTime":"2022-04-08 14:25","market":"us","language":"en","title":"Reminder: Holiday Trading Hours during Good Friday and Easter","url":"https://stock-news.laohu8.com/highlight/detail?id=1133070824","media":"Tiger Newspress","summary":"U.S. stock markets will be closed Friday, April 15in observance of Good Friday.The New York Stock Exchange and the Nasdaq will resume normal trading hours on Monday.The Securities Industry and Financi","content":"<html><head></head><body><p>U.S. stock markets will be closed Friday, April 15 in observance of Good Friday.</p><p>The New York Stock Exchange and the Nasdaq will resume normal trading hours on Monday.</p><p>The Securities Industry and Financial Markets Association recommended the U.S. bond market close Friday. It also advised that the bond market shutter early on Thursday, April14 at 2 p.m. Eastern.</p><p>U.S. commodities markets including gold and oil futures also won&#39;t be open for trading Friday.</p><p>Singapore stock markets will also close on Good Friday.</p><p>Stock markets in Europe, Hong Kong and Australia will close on Good Friday and on Monday in observance of Easter.</p><p>A-shares (Northbound) will be closed to April 18 from April 14.</p><p><img src=\"https://static.tigerbbs.com/8d9bbb655e7216a0c27a0cb94e0d0875\" tg-width=\"1482\" tg-height=\"1328\" width=\"100%\" height=\"auto\"/></p><p>Good Friday commemorates the crucifixion of Jesus Christ. It isn’t a federal holiday, which means businesses often stay open. Good Friday is the only time U.S. markets close for the day outside of federal holidays.</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: Holiday Trading Hours during Good Friday and Easter</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: Holiday Trading Hours during Good Friday and Easter\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\">2022-04-08 14:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock markets will be closed Friday, April 15 in observance of Good Friday.</p><p>The New York Stock Exchange and the Nasdaq will resume normal trading hours on Monday.</p><p>The Securities Industry and Financial Markets Association recommended the U.S. bond market close Friday. It also advised that the bond market shutter early on Thursday, April14 at 2 p.m. Eastern.</p><p>U.S. commodities markets including gold and oil futures also won&#39;t be open for trading Friday.</p><p>Singapore stock markets will also close on Good Friday.</p><p>Stock markets in Europe, Hong Kong and Australia will close on Good Friday and on Monday in observance of Easter.</p><p>A-shares (Northbound) will be closed to April 18 from April 14.</p><p><img src=\"https://static.tigerbbs.com/8d9bbb655e7216a0c27a0cb94e0d0875\" tg-width=\"1482\" tg-height=\"1328\" width=\"100%\" height=\"auto\"/></p><p>Good Friday commemorates the crucifixion of Jesus Christ. It isn’t a federal holiday, which means businesses often stay open. Good Friday is the only time U.S. markets close for the day outside of federal holidays.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133070824","content_text":"U.S. stock markets will be closed Friday, April 15 in observance of Good Friday.The New York Stock Exchange and the Nasdaq will resume normal trading hours on Monday.The Securities Industry and Financial Markets Association recommended the U.S. bond market close Friday. It also advised that the bond market shutter early on Thursday, April14 at 2 p.m. Eastern.U.S. commodities markets including gold and oil futures also won't be open for trading Friday.Singapore stock markets will also close on Good Friday.Stock markets in Europe, Hong Kong and Australia will close on Good Friday and on Monday in observance of Easter.A-shares (Northbound) will be closed to April 18 from April 14.Good Friday commemorates the crucifixion of Jesus Christ. It isn’t a federal holiday, which means businesses often stay open. Good Friday is the only time U.S. markets close for the day outside of federal holidays.","news_type":1},"isVote":1,"tweetType":1,"viewCount":66,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9059558434,"gmtCreate":1654398378528,"gmtModify":1676535442119,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9059558434","repostId":"1133091781","repostType":4,"repost":{"id":"1133091781","pubTimestamp":1654390809,"share":"https://ttm.financial/m/news/1133091781?lang=&edition=fundamental","pubTime":"2022-06-05 09:00","market":"us","language":"en","title":"Apple: What to Look Out for at the Upcoming WWDC 2022 Event","url":"https://stock-news.laohu8.com/highlight/detail?id=1133091781","media":"TipRanks","summary":"Upside of 32%.Turning now to the rest of the Street, where the average target clocks in at $186.45 and factors in 12-month gains of 28%. Looking at the ratings, based on 21 Buys vs. 6 Holds, the analyst consensus rates the stock a Strong Buy.","content":"<div>\n<p>Apple’s (AAPL)annual WWDC (Worldwide Developers Conference) will take place throughout next week and the tech giant’s global fanbase will get an opportunity to find out what products Apple plans on ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/apple-what-to-look-out-for-at-the-upcoming-wwdc-2022-event/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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: What to Look Out for at the Upcoming WWDC 2022 Event</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: What to Look Out for at the Upcoming WWDC 2022 Event\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-05 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/apple-what-to-look-out-for-at-the-upcoming-wwdc-2022-event/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple’s (AAPL)annual WWDC (Worldwide Developers Conference) will take place throughout next week and the tech giant’s global fanbase will get an opportunity to find out what products Apple plans on ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/apple-what-to-look-out-for-at-the-upcoming-wwdc-2022-event/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.tipranks.com/news/article/apple-what-to-look-out-for-at-the-upcoming-wwdc-2022-event/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133091781","content_text":"Apple’s (AAPL)annual WWDC (Worldwide Developers Conference) will take place throughout next week and the tech giant’s global fanbase will get an opportunity to find out what products Apple plans on bringing to market.iOS 16, the latest version of Apple’s mobile operating system is expected to get an introduction with the lock screen, messaging and health all boasting meaningful upgrades.Wedbush analyst Daniel Ives also thinks the next major Apple Watch OS will be announced along with a new MacBook Air 2022 version.But Ives anticipates some other, more intriguing surprises, ones which are non-software related. “We importantly believe that Cook & Co. will hit on a number of AR/VR technologies to developers that the company plans to introduce and ultimately this strategy is laying the breadcrumbs to the highly anticipated AR headset Apple Glasses set to make its debut likely before holiday season or latest early 2023 based on the supply trajectory,” the 5-star analyst said.Eying the metaverse opportunity in a big way, the Apple Glass AR/VR technology will be a “key broadening out of the Apple ecosystem.”But the metaverse is not the only target Apple has set its sights on. Having decided not to bring a movie studio under the fold, Ives thinks Apple is keen to add more live sports to its roster of services. The company has already bought the rights for MLB Friday Night baseball package games for the next few years and along with Amazon, Ives says it is “widely viewed” in the industry the pair were in the final bidding for the NFL Sunday Ticket.This should be a multi-billion-dollar annual deal ($2.5 billion+) and a “landmark” for the company, with the package seen as the “crown jewel” for streaming live sports content. Should Apple win it, it will further strengthen its position in the streaming arms race,” one which has already been boosted by the Oscar win of CODA and success of other recent offerings (Ted Lasso, The Morning Show, Severance).To this end, Ives reiterated an Outperform (i.e., Buy) rating backed by a $200 price target. The implication for investors? Upside of 32%.Turning now to the rest of the Street, where the average target clocks in at $186.45 and factors in 12-month gains of 28%. Looking at the ratings, based on 21 Buys vs. 6 Holds, the analyst consensus rates the stock a Strong Buy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":74,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9080535689,"gmtCreate":1649897431010,"gmtModify":1676534601162,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080535689","repostId":"2227485446","repostType":4,"repost":{"id":"2227485446","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1649889604,"share":"https://ttm.financial/m/news/2227485446?lang=&edition=fundamental","pubTime":"2022-04-14 06:40","market":"us","language":"en","title":"Wall Street Surges in Growth Stocks Rally; Earnings Season Opens","url":"https://stock-news.laohu8.com/highlight/detail?id=2227485446","media":"Reuters","summary":"* Strong outlook from Delta Air Lines lifts other airlines* JPMorgan down after profit falls 42%* PP","content":"<html><head></head><body><p>* Strong outlook from Delta Air Lines lifts other airlines</p><p>* JPMorgan down after profit falls 42%</p><p>* PPI up 11.2% year-on-year, hotter than 10.6% est</p><p>* Indexes up: Dow 1.01%, S&amp;P 1.12%, Nasdaq 2.03%</p><p>NEW YORK, April 13 (Reuters) - Wall Street rallied to end sharply higher on Wednesday, powered by a recovery in interest-sensitive growth stocks as investors digested hot inflation data and a mixed bag of quarterly results.</p><p>Falling U.S. Treasury yields helped the tech-heavy Nasdaq lead all three major U.S. stock indexes higher, with semiconductors    outperforming the broader market.</p><p>The Nasdaq jumped over 2% while the S&amp;P 500 and the Dow gained more than 1%.</p><p>&#34;Bond yields may have gotten ahead of themselves and they&#39;re dropping lower today,&#34; said David Carter, managing director at Wealthspire Advisors in New York. &#34;This helps almost all equities, but particularly growthy areas like tech.&#34;</p><p>JPMorgan Chase &amp; Co set the first-quarter earnings season off to an inauspicious start, reporting a 42% drop in quarterly profit. The downbeat results from the biggest U.S. lender sent its shares down 3.2%.</p><p>On the brighter side, Delta Air Lines&#39; results beat expectations and it forecast a current-quarter return to profit due to &#34;historically high&#34; demand. Its 6.2% share jump was contagious; the broader S&amp;P 1500 airline index surged 6.8%.</p><p>&#34;It’s great that demand is so strong,&#34; Carter added. &#34;However, drive inflation higher, which will force the Fed to continue to raise rates, resulting in a weaker stock market.&#34;</p><p>&#34;Business is good. Almost too good.&#34;</p><p>Strong demand also drove the Labor Department&#39;s producer price index to a blistering 11.2% year-on-year growth rate, the hottest annual reading since the Labor Department started tracking annual data in 2010.</p><p>Core PPI and other major indicators have risen beyond the Federal Reserve&#39;s average annual 2% inflation target.</p><p>Minutes from the most recent Fed policy meeting and subsequent remarks from its members have market participants setting easy odds for a series of 50-basis-point interest rate hikes in the coming months, as the central bank treads the delicate tightrope of curbing inflation without provoking a recession.</p><p>&#34;It&#39;s obvious now that the Fed is singing off the same song sheet, more tightening is coming,&#34; Carter said. &#34;Much of this, however, is priced in and expected.&#34;</p><p>The Dow Jones Industrial Average rose 344.23 points, or 1.01%, to 34,564.59, the S&amp;P 500 gained 49.14 points, or 1.12%, to 4,446.59 and the Nasdaq Composite added 272.02 points, or 2.03%, to 13,643.59.</p><p>Among the 11 major sectors of the S&amp;P 500, consumer discretionary stocks enjoyed the largest percentage gains, jumping 2.5%.</p><p>Analyst estimates for the corporate earnings season have grown less optimistic. Aggregate annual S&amp;P 500 earnings growth for the first three quarters of 2022 is estimated at 5.4% as of Wednesday, down from 7.5% at the beginning of the year.</p><p>On Thursday, the holiday-shortened week will end with results from a swath of big banks, including Morgan Stanley, Citigroup Inc, Goldman Sachs Group Inc, and Wells Fargo &amp; Co.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 2.92-to-1 ratio; on Nasdaq, a 2.87-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 19 new 52-week highs and 11 new lows; the Nasdaq Composite recorded 48 new highs and 168 new lows.</p><p>Volume on U.S. exchanges was 10.52 billion shares, compared with the 12.33 billion average over the last 20 trading days.</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>Wall Street Surges in Growth Stocks Rally; Earnings Season Opens</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\">\nWall Street Surges in Growth Stocks Rally; Earnings Season Opens\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-04-14 06:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Strong outlook from Delta Air Lines lifts other airlines</p><p>* JPMorgan down after profit falls 42%</p><p>* PPI up 11.2% year-on-year, hotter than 10.6% est</p><p>* Indexes up: Dow 1.01%, S&amp;P 1.12%, Nasdaq 2.03%</p><p>NEW YORK, April 13 (Reuters) - Wall Street rallied to end sharply higher on Wednesday, powered by a recovery in interest-sensitive growth stocks as investors digested hot inflation data and a mixed bag of quarterly results.</p><p>Falling U.S. Treasury yields helped the tech-heavy Nasdaq lead all three major U.S. stock indexes higher, with semiconductors    outperforming the broader market.</p><p>The Nasdaq jumped over 2% while the S&amp;P 500 and the Dow gained more than 1%.</p><p>&#34;Bond yields may have gotten ahead of themselves and they&#39;re dropping lower today,&#34; said David Carter, managing director at Wealthspire Advisors in New York. &#34;This helps almost all equities, but particularly growthy areas like tech.&#34;</p><p>JPMorgan Chase &amp; Co set the first-quarter earnings season off to an inauspicious start, reporting a 42% drop in quarterly profit. The downbeat results from the biggest U.S. lender sent its shares down 3.2%.</p><p>On the brighter side, Delta Air Lines&#39; results beat expectations and it forecast a current-quarter return to profit due to &#34;historically high&#34; demand. Its 6.2% share jump was contagious; the broader S&amp;P 1500 airline index surged 6.8%.</p><p>&#34;It’s great that demand is so strong,&#34; Carter added. &#34;However, drive inflation higher, which will force the Fed to continue to raise rates, resulting in a weaker stock market.&#34;</p><p>&#34;Business is good. Almost too good.&#34;</p><p>Strong demand also drove the Labor Department&#39;s producer price index to a blistering 11.2% year-on-year growth rate, the hottest annual reading since the Labor Department started tracking annual data in 2010.</p><p>Core PPI and other major indicators have risen beyond the Federal Reserve&#39;s average annual 2% inflation target.</p><p>Minutes from the most recent Fed policy meeting and subsequent remarks from its members have market participants setting easy odds for a series of 50-basis-point interest rate hikes in the coming months, as the central bank treads the delicate tightrope of curbing inflation without provoking a recession.</p><p>&#34;It&#39;s obvious now that the Fed is singing off the same song sheet, more tightening is coming,&#34; Carter said. &#34;Much of this, however, is priced in and expected.&#34;</p><p>The Dow Jones Industrial Average rose 344.23 points, or 1.01%, to 34,564.59, the S&amp;P 500 gained 49.14 points, or 1.12%, to 4,446.59 and the Nasdaq Composite added 272.02 points, or 2.03%, to 13,643.59.</p><p>Among the 11 major sectors of the S&amp;P 500, consumer discretionary stocks enjoyed the largest percentage gains, jumping 2.5%.</p><p>Analyst estimates for the corporate earnings season have grown less optimistic. Aggregate annual S&amp;P 500 earnings growth for the first three quarters of 2022 is estimated at 5.4% as of Wednesday, down from 7.5% at the beginning of the year.</p><p>On Thursday, the holiday-shortened week will end with results from a swath of big banks, including Morgan Stanley, Citigroup Inc, Goldman Sachs Group Inc, and Wells Fargo &amp; Co.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 2.92-to-1 ratio; on Nasdaq, a 2.87-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 19 new 52-week highs and 11 new lows; the Nasdaq Composite recorded 48 new highs and 168 new lows.</p><p>Volume on U.S. exchanges was 10.52 billion shares, compared with the 12.33 billion average over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite","JPM":"摩根大通","MS":"摩根士丹利",".SPX":"S&P 500 Index","C":"花旗","DAL":"达美航空"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2227485446","content_text":"* Strong outlook from Delta Air Lines lifts other airlines* JPMorgan down after profit falls 42%* PPI up 11.2% year-on-year, hotter than 10.6% est* Indexes up: Dow 1.01%, S&P 1.12%, Nasdaq 2.03%NEW YORK, April 13 (Reuters) - Wall Street rallied to end sharply higher on Wednesday, powered by a recovery in interest-sensitive growth stocks as investors digested hot inflation data and a mixed bag of quarterly results.Falling U.S. Treasury yields helped the tech-heavy Nasdaq lead all three major U.S. stock indexes higher, with semiconductors    outperforming the broader market.The Nasdaq jumped over 2% while the S&P 500 and the Dow gained more than 1%.\"Bond yields may have gotten ahead of themselves and they're dropping lower today,\" said David Carter, managing director at Wealthspire Advisors in New York. \"This helps almost all equities, but particularly growthy areas like tech.\"JPMorgan Chase & Co set the first-quarter earnings season off to an inauspicious start, reporting a 42% drop in quarterly profit. The downbeat results from the biggest U.S. lender sent its shares down 3.2%.On the brighter side, Delta Air Lines' results beat expectations and it forecast a current-quarter return to profit due to \"historically high\" demand. Its 6.2% share jump was contagious; the broader S&P 1500 airline index surged 6.8%.\"It’s great that demand is so strong,\" Carter added. \"However, drive inflation higher, which will force the Fed to continue to raise rates, resulting in a weaker stock market.\"\"Business is good. Almost too good.\"Strong demand also drove the Labor Department's producer price index to a blistering 11.2% year-on-year growth rate, the hottest annual reading since the Labor Department started tracking annual data in 2010.Core PPI and other major indicators have risen beyond the Federal Reserve's average annual 2% inflation target.Minutes from the most recent Fed policy meeting and subsequent remarks from its members have market participants setting easy odds for a series of 50-basis-point interest rate hikes in the coming months, as the central bank treads the delicate tightrope of curbing inflation without provoking a recession.\"It's obvious now that the Fed is singing off the same song sheet, more tightening is coming,\" Carter said. \"Much of this, however, is priced in and expected.\"The Dow Jones Industrial Average rose 344.23 points, or 1.01%, to 34,564.59, the S&P 500 gained 49.14 points, or 1.12%, to 4,446.59 and the Nasdaq Composite added 272.02 points, or 2.03%, to 13,643.59.Among the 11 major sectors of the S&P 500, consumer discretionary stocks enjoyed the largest percentage gains, jumping 2.5%.Analyst estimates for the corporate earnings season have grown less optimistic. Aggregate annual S&P 500 earnings growth for the first three quarters of 2022 is estimated at 5.4% as of Wednesday, down from 7.5% at the beginning of the year.On Thursday, the holiday-shortened week will end with results from a swath of big banks, including Morgan Stanley, Citigroup Inc, Goldman Sachs Group Inc, and Wells Fargo & Co.Advancing issues outnumbered declining ones on the NYSE by a 2.92-to-1 ratio; on Nasdaq, a 2.87-to-1 ratio favored advancers.The S&P 500 posted 19 new 52-week highs and 11 new lows; the Nasdaq Composite recorded 48 new highs and 168 new lows.Volume on U.S. exchanges was 10.52 billion shares, compared with the 12.33 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":37,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9011582250,"gmtCreate":1648882794864,"gmtModify":1676534417938,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011582250","repostId":"2224134076","repostType":4,"repost":{"id":"2224134076","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1648853352,"share":"https://ttm.financial/m/news/2224134076?lang=&edition=fundamental","pubTime":"2022-04-02 06:49","market":"us","language":"en","title":"US STOCKS-Wall St Posts Modest Gains as Jobs Report Keeps Fed Hikes on Track","url":"https://stock-news.laohu8.com/highlight/detail?id=2224134076","media":"Reuters","summary":"* Unemployment drops to 3.6% vs estimate of 3.7%* Nonfarm payrolls rose by 431,000 jobs last month* GameStop seeks share split* Dow up 0.4%, S&P 500 up 0.3%, Nasdaq up 0.3%(Reuters) - The S&P 500 rose","content":"<html><head></head><body><p>* Unemployment drops to 3.6% vs estimate of 3.7%</p><p>* Nonfarm payrolls rose by 431,000 jobs last month</p><p>* GameStop seeks share split</p><p>* Dow up 0.4%, S&amp;P 500 up 0.3%, Nasdaq up 0.3%</p><p>(Reuters) - The S&amp;P 500 rose modestly to kick off the second quarter on Friday, as the monthly jobs report indicated a strong labor market and is likely to keep the Federal Reserve on track to maintain its hawkish policy stance.</p><p>The Labor Department&#39;s employment report showed a rapid hiring pace by employers while wages continued to climb, although not enough to keep pace with inflation.</p><p>U.S. employers added 431,000 jobs in March, which was shy of the 490,000 estimate but still showed strong job gains. The unemployment rate dropped to 3.6%, a new two-year low while average hourly earnings rose 5.6% on a year-over-year basis.</p><p>The report heightened expectations that the central bank is likely to become more aggressive in raising interest rates as it seeks to curb inflation as it unwinds its easy monetary policy.</p><p>&#34;Job gains were broad, more people are going back to the office,&#34; said Brian Jacobsen, senior investment strategist at Allspring Global Investments in Menomonee Falls, Wisconsin.</p><p>&#34;If other data between now and the next Fed meeting stay this rosy, the Fed will likely feel comfortable hiking by 50 basis points and announcing an aggressive rundown of its balance sheet.&#34;</p><p>The Dow Jones Industrial Average rose 139.92 points, or 0.4%, to 34,818.27, the S&amp;P 500 gained 15.45 points, or 0.34%, to 4,545.86 and the Nasdaq Composite added 40.98 points, or 0.29%, to 14,261.50.</p><p>The defensive real estate, utilities and consumer staples were the best performing sectors on the day, with each rising more than 1%.</p><p>For the week, the Dow slipped 0.1%, the S&amp;P edged up 0.1% and the Nasdaq advanced 0.7%.</p><p>Expectations for a 50-basis point interest rate hike at the central bank&#39;s May meeting stand at 73.3%, according to CME&#39;s FedWatch Tool.</p><p>At its March meeting, the Fed raised rates by 25 basis 25 basis points, its first hike since 2018, and a host of central bank policymakers have indicated they are prepared for bigger rate hikes.</p><p>Chicago Federal Reserve President Charles Evans said on Friday he does not see a big risk in using &#34;some&#34; half-point rate hikes to bring borrowing costs to neutral sooner as long as the objective was not to raise rates much faster and push them higher.</p><p>Other data on Friday showed U.S. manufacturing activity unexpectedly slowed in March, although it remained firmly in expansion territory, as tight supply chains continued to put upward pressure on input prices.</p><p>In the wake of the payrolls report, U.S. Treasury yields jumped and a closely watched part of the yield curve between two-year and 10-year notes, seen by many as a reliable indicator of a recession, inverted for the third time this week.</p><p>The S&amp;P 500 closed out the first quarter on Thursday with its biggest quarterly decline since the COVID-19 pandemic in the U.S. was reaching full swing on concerns about rising prices, fueled further by the war in Ukraine, and the Fed&#39;s response could slow economic growth. However, stocks rebounded somewhat in March, as the benchmark index gained 3.6%.</p><p>April tends to be a strong month for stocks, with its last monthly decline in 2012. Ryan Detrick, chief market strategist at LPL Financial, notes that April has the best performance on average of all months since 1950.</p><p>Video game retailer <a href=\"https://laohu8.com/S/GME\">GameStop Corp</a>, part of the &#34;meme stock&#34; trading frenzy last year, gave up early gains and ended down 0.95% after announcing a plan to seek shareholder approval for a stock split.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple Inc</a> dipped 0.17% after J.P. Morgan removed the stock from its analyst &#34;focus list&#34; along with <a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>, which slumped 3.81%.</p><p>Volume on U.S. exchanges was 11.45 billion shares, compared with the 13.78 billion average for the full session over the last 20 trading days.</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>US STOCKS-Wall St Posts Modest Gains as Jobs Report Keeps Fed Hikes on Track</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\">\nUS STOCKS-Wall St Posts Modest Gains as Jobs Report Keeps Fed Hikes on Track\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-04-02 06:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Unemployment drops to 3.6% vs estimate of 3.7%</p><p>* Nonfarm payrolls rose by 431,000 jobs last month</p><p>* GameStop seeks share split</p><p>* Dow up 0.4%, S&amp;P 500 up 0.3%, Nasdaq up 0.3%</p><p>(Reuters) - The S&amp;P 500 rose modestly to kick off the second quarter on Friday, as the monthly jobs report indicated a strong labor market and is likely to keep the Federal Reserve on track to maintain its hawkish policy stance.</p><p>The Labor Department&#39;s employment report showed a rapid hiring pace by employers while wages continued to climb, although not enough to keep pace with inflation.</p><p>U.S. employers added 431,000 jobs in March, which was shy of the 490,000 estimate but still showed strong job gains. The unemployment rate dropped to 3.6%, a new two-year low while average hourly earnings rose 5.6% on a year-over-year basis.</p><p>The report heightened expectations that the central bank is likely to become more aggressive in raising interest rates as it seeks to curb inflation as it unwinds its easy monetary policy.</p><p>&#34;Job gains were broad, more people are going back to the office,&#34; said Brian Jacobsen, senior investment strategist at Allspring Global Investments in Menomonee Falls, Wisconsin.</p><p>&#34;If other data between now and the next Fed meeting stay this rosy, the Fed will likely feel comfortable hiking by 50 basis points and announcing an aggressive rundown of its balance sheet.&#34;</p><p>The Dow Jones Industrial Average rose 139.92 points, or 0.4%, to 34,818.27, the S&amp;P 500 gained 15.45 points, or 0.34%, to 4,545.86 and the Nasdaq Composite added 40.98 points, or 0.29%, to 14,261.50.</p><p>The defensive real estate, utilities and consumer staples were the best performing sectors on the day, with each rising more than 1%.</p><p>For the week, the Dow slipped 0.1%, the S&amp;P edged up 0.1% and the Nasdaq advanced 0.7%.</p><p>Expectations for a 50-basis point interest rate hike at the central bank&#39;s May meeting stand at 73.3%, according to CME&#39;s FedWatch Tool.</p><p>At its March meeting, the Fed raised rates by 25 basis 25 basis points, its first hike since 2018, and a host of central bank policymakers have indicated they are prepared for bigger rate hikes.</p><p>Chicago Federal Reserve President Charles Evans said on Friday he does not see a big risk in using &#34;some&#34; half-point rate hikes to bring borrowing costs to neutral sooner as long as the objective was not to raise rates much faster and push them higher.</p><p>Other data on Friday showed U.S. manufacturing activity unexpectedly slowed in March, although it remained firmly in expansion territory, as tight supply chains continued to put upward pressure on input prices.</p><p>In the wake of the payrolls report, U.S. Treasury yields jumped and a closely watched part of the yield curve between two-year and 10-year notes, seen by many as a reliable indicator of a recession, inverted for the third time this week.</p><p>The S&amp;P 500 closed out the first quarter on Thursday with its biggest quarterly decline since the COVID-19 pandemic in the U.S. was reaching full swing on concerns about rising prices, fueled further by the war in Ukraine, and the Fed&#39;s response could slow economic growth. However, stocks rebounded somewhat in March, as the benchmark index gained 3.6%.</p><p>April tends to be a strong month for stocks, with its last monthly decline in 2012. Ryan Detrick, chief market strategist at LPL Financial, notes that April has the best performance on average of all months since 1950.</p><p>Video game retailer <a href=\"https://laohu8.com/S/GME\">GameStop Corp</a>, part of the &#34;meme stock&#34; trading frenzy last year, gave up early gains and ended down 0.95% after announcing a plan to seek shareholder approval for a stock split.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple Inc</a> dipped 0.17% after J.P. Morgan removed the stock from its analyst &#34;focus list&#34; along with <a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a>, which slumped 3.81%.</p><p>Volume on U.S. exchanges was 11.45 billion shares, compared with the 13.78 billion average for the full session over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2224134076","content_text":"* Unemployment drops to 3.6% vs estimate of 3.7%* Nonfarm payrolls rose by 431,000 jobs last month* GameStop seeks share split* Dow up 0.4%, S&P 500 up 0.3%, Nasdaq up 0.3%(Reuters) - The S&P 500 rose modestly to kick off the second quarter on Friday, as the monthly jobs report indicated a strong labor market and is likely to keep the Federal Reserve on track to maintain its hawkish policy stance.The Labor Department's employment report showed a rapid hiring pace by employers while wages continued to climb, although not enough to keep pace with inflation.U.S. employers added 431,000 jobs in March, which was shy of the 490,000 estimate but still showed strong job gains. The unemployment rate dropped to 3.6%, a new two-year low while average hourly earnings rose 5.6% on a year-over-year basis.The report heightened expectations that the central bank is likely to become more aggressive in raising interest rates as it seeks to curb inflation as it unwinds its easy monetary policy.\"Job gains were broad, more people are going back to the office,\" said Brian Jacobsen, senior investment strategist at Allspring Global Investments in Menomonee Falls, Wisconsin.\"If other data between now and the next Fed meeting stay this rosy, the Fed will likely feel comfortable hiking by 50 basis points and announcing an aggressive rundown of its balance sheet.\"The Dow Jones Industrial Average rose 139.92 points, or 0.4%, to 34,818.27, the S&P 500 gained 15.45 points, or 0.34%, to 4,545.86 and the Nasdaq Composite added 40.98 points, or 0.29%, to 14,261.50.The defensive real estate, utilities and consumer staples were the best performing sectors on the day, with each rising more than 1%.For the week, the Dow slipped 0.1%, the S&P edged up 0.1% and the Nasdaq advanced 0.7%.Expectations for a 50-basis point interest rate hike at the central bank's May meeting stand at 73.3%, according to CME's FedWatch Tool.At its March meeting, the Fed raised rates by 25 basis 25 basis points, its first hike since 2018, and a host of central bank policymakers have indicated they are prepared for bigger rate hikes.Chicago Federal Reserve President Charles Evans said on Friday he does not see a big risk in using \"some\" half-point rate hikes to bring borrowing costs to neutral sooner as long as the objective was not to raise rates much faster and push them higher.Other data on Friday showed U.S. manufacturing activity unexpectedly slowed in March, although it remained firmly in expansion territory, as tight supply chains continued to put upward pressure on input prices.In the wake of the payrolls report, U.S. Treasury yields jumped and a closely watched part of the yield curve between two-year and 10-year notes, seen by many as a reliable indicator of a recession, inverted for the third time this week.The S&P 500 closed out the first quarter on Thursday with its biggest quarterly decline since the COVID-19 pandemic in the U.S. was reaching full swing on concerns about rising prices, fueled further by the war in Ukraine, and the Fed's response could slow economic growth. However, stocks rebounded somewhat in March, as the benchmark index gained 3.6%.April tends to be a strong month for stocks, with its last monthly decline in 2012. Ryan Detrick, chief market strategist at LPL Financial, notes that April has the best performance on average of all months since 1950.Video game retailer GameStop Corp, part of the \"meme stock\" trading frenzy last year, gave up early gains and ended down 0.95% after announcing a plan to seek shareholder approval for a stock split.Apple Inc dipped 0.17% after J.P. Morgan removed the stock from its analyst \"focus list\" along with Qualcomm, which slumped 3.81%.Volume on U.S. exchanges was 11.45 billion shares, compared with the 13.78 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9037683137,"gmtCreate":1648091048132,"gmtModify":1676534303272,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037683137","repostId":"2221446017","repostType":4,"repost":{"id":"2221446017","pubTimestamp":1648090481,"share":"https://ttm.financial/m/news/2221446017?lang=&edition=fundamental","pubTime":"2022-03-24 10:54","market":"us","language":"en","title":"Why AMC's Bull-Versus-Bear Battle Is One to Avoid","url":"https://stock-news.laohu8.com/highlight/detail?id=2221446017","media":"Motley Fool","summary":"AMC's stock is unpredictable in the short-term, but it seems like it can fight gravity for only so long.","content":"<html><head></head><body><p><b>KEY POINTS</b></p><ul><li>AMC is a meme stock with a lot of support from retail investors.</li><li>However, rising interest rates could make the market less friendly toward speculative stocks like AMC.</li><li>The company&#39;s recent investment into a struggling gold and silver miner is its latest red flag.</li></ul><p>Movie theater chain <b>AMC Entertainment Holdings</b> has been one of the most exciting stocks on Wall Street after its emergence as a meme stock and immense support from retail investors. Meme stocks can be wildly unpredictable, sometimes making significant price moves on little to no news.</p><p>But stocks like AMC can be risky to try to trade around; shares have been down almost 40% since the beginning of the year. Before buying shares, banking on a rebound, consider these reasons to pass on AMC.</p><p><b>The market environment has changed</b></p><p>The market is much different than in 2021 when the meme craze occurred. The Federal Reserve System, which is the central bank of the United States, has begun to increase the federal funds rate, the interest rate that commercial banks borrow at, to combat the rampant inflation taking place.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3ba266e84856e8b8469fe96d40a65f5\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Image Source: Getty Images.</span></p><p>Higher interest rates tend to pressure stock valuations, and investors can begin flocking to &#34;safety&#34; in profitable companies with sound business fundamentals. This risk-off market could be bad for meme stocks like AMC and could help explain the stock&#39;s fall since the beginning of the year.</p><p><b>Fundamentals remain weak</b></p><p>AMC was on the ropes during the pandemic when lockdowns virtually shut down its theaters and put the company in danger of bankruptcy. The strong support from retail investors played arguably the most prominent role in keeping the business open. The company raised funds through debt and equity raises to survive.</p><p>But now we are left with the aftermath, and there are serious concerns for the forward-looking investor. You can see in the chart below that AMC&#39;s enterprise value, which is the combined value of a stock&#39;s shares and debt (minus cash), is still higher than the years before COVID-19. In other words, the company&#39;s new debt and shares have inflated the stock&#39;s <i>total</i> valuation, despite the per-share price continuing to fall.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b4d972406c48a1847d0fa4c4669b03fb\" tg-width=\"720\" tg-height=\"433\" width=\"100%\" height=\"auto\"/><span>AMC enterprise value. Data by YCharts.</span></p><p>AMC isn&#39;t doing so well from an operating standpoint, either; the company burned more than $700 million in 2021. I should note that AMC also closed the year with almost $1.6 billion in cash, so it isn&#39;t likely to go out of business soon. However, the company will probably need to turn a profit to be a fruitful long-term holding for investors.</p><p>The last time AMC had positive free cash flow was in 2019, when it generated just $61 million from $5.4 billion in revenue. Put another way, the company wasn&#39;t developing a lot of cash profit even before the pandemic.</p><p><b>Questionable management moves</b></p><p>AMC recently announced that it made a $28 million investment into <b>Hycroft Mining</b>, a gold and silver mine in Nevada. The stake gives AMC 22% ownership, with management describing the investment as an opportunity to benefit from helping a distressed business, much like AMC was a year ago.</p><p>Hycroft Mining isn&#39;t in a position to generate meaningful short-term value for itself or AMC, having made layoffs after ceasing operations at its mine last November. On the one hand, the investment is a small fraction of AMC&#39;s balance sheet, which has up to $1.8 billion in liquidity if you include untapped credit lines.</p><p>However, it might be fairer to question what business AMC has allocating capital to speculative assets like this. It&#39;s utterly unrelated to its own business, making it hard to accept that AMC would even know how to value an asset like this, let alone invest in it. That money probably could have been better spent, considering the theater operator is still not operating at a high level. Perhaps AMC could have purchased a stake in a streaming company, or an entertainment studio -- anything related to its core competence!</p><p><b>Investor takeaway</b></p><p>The market doesn&#39;t seem as friendly to speculative investments anymore, and investors are putting more emphasis on fundamentals and profits than in 2021. AMC has been one of the faces of the meme stock craze, but it could get increasingly difficult to find support for a valuation that&#39;s still above when the company was much healthier.</p><p>Share prices are ultimately a function of supply and demand for a stock in the short term, but fundamentals often tell the long-term story. Given AMC&#39;s continued struggles and head-scratching decision to allocate precious capital to a risky, unrelated investment, it might be best to stay away from AMC until more smoke clears from around its business. Investors can always revisit the stock if the company can show steady improvement over future quarters.</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>Why AMC's Bull-Versus-Bear Battle Is One to Avoid</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\">\nWhy AMC's Bull-Versus-Bear Battle Is One to Avoid\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-24 10:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/03/23/why-amcs-bull-versus-bear-battle-is-one-to-avoid/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSAMC is a meme stock with a lot of support from retail investors.However, rising interest rates could make the market less friendly toward speculative stocks like AMC.The company's recent ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/03/23/why-amcs-bull-versus-bear-battle-is-one-to-avoid/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2022/03/23/why-amcs-bull-versus-bear-battle-is-one-to-avoid/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2221446017","content_text":"KEY POINTSAMC is a meme stock with a lot of support from retail investors.However, rising interest rates could make the market less friendly toward speculative stocks like AMC.The company's recent investment into a struggling gold and silver miner is its latest red flag.Movie theater chain AMC Entertainment Holdings has been one of the most exciting stocks on Wall Street after its emergence as a meme stock and immense support from retail investors. Meme stocks can be wildly unpredictable, sometimes making significant price moves on little to no news.But stocks like AMC can be risky to try to trade around; shares have been down almost 40% since the beginning of the year. Before buying shares, banking on a rebound, consider these reasons to pass on AMC.The market environment has changedThe market is much different than in 2021 when the meme craze occurred. The Federal Reserve System, which is the central bank of the United States, has begun to increase the federal funds rate, the interest rate that commercial banks borrow at, to combat the rampant inflation taking place.Image Source: Getty Images.Higher interest rates tend to pressure stock valuations, and investors can begin flocking to \"safety\" in profitable companies with sound business fundamentals. This risk-off market could be bad for meme stocks like AMC and could help explain the stock's fall since the beginning of the year.Fundamentals remain weakAMC was on the ropes during the pandemic when lockdowns virtually shut down its theaters and put the company in danger of bankruptcy. The strong support from retail investors played arguably the most prominent role in keeping the business open. The company raised funds through debt and equity raises to survive.But now we are left with the aftermath, and there are serious concerns for the forward-looking investor. You can see in the chart below that AMC's enterprise value, which is the combined value of a stock's shares and debt (minus cash), is still higher than the years before COVID-19. In other words, the company's new debt and shares have inflated the stock's total valuation, despite the per-share price continuing to fall.AMC enterprise value. Data by YCharts.AMC isn't doing so well from an operating standpoint, either; the company burned more than $700 million in 2021. I should note that AMC also closed the year with almost $1.6 billion in cash, so it isn't likely to go out of business soon. However, the company will probably need to turn a profit to be a fruitful long-term holding for investors.The last time AMC had positive free cash flow was in 2019, when it generated just $61 million from $5.4 billion in revenue. Put another way, the company wasn't developing a lot of cash profit even before the pandemic.Questionable management movesAMC recently announced that it made a $28 million investment into Hycroft Mining, a gold and silver mine in Nevada. The stake gives AMC 22% ownership, with management describing the investment as an opportunity to benefit from helping a distressed business, much like AMC was a year ago.Hycroft Mining isn't in a position to generate meaningful short-term value for itself or AMC, having made layoffs after ceasing operations at its mine last November. On the one hand, the investment is a small fraction of AMC's balance sheet, which has up to $1.8 billion in liquidity if you include untapped credit lines.However, it might be fairer to question what business AMC has allocating capital to speculative assets like this. It's utterly unrelated to its own business, making it hard to accept that AMC would even know how to value an asset like this, let alone invest in it. That money probably could have been better spent, considering the theater operator is still not operating at a high level. Perhaps AMC could have purchased a stake in a streaming company, or an entertainment studio -- anything related to its core competence!Investor takeawayThe market doesn't seem as friendly to speculative investments anymore, and investors are putting more emphasis on fundamentals and profits than in 2021. AMC has been one of the faces of the meme stock craze, but it could get increasingly difficult to find support for a valuation that's still above when the company was much healthier.Share prices are ultimately a function of supply and demand for a stock in the short term, but fundamentals often tell the long-term story. Given AMC's continued struggles and head-scratching decision to allocate precious capital to a risky, unrelated investment, it might be best to stay away from AMC until more smoke clears from around its business. Investors can always revisit the stock if the company can show steady improvement over future quarters.","news_type":1},"isVote":1,"tweetType":1,"viewCount":223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095956704,"gmtCreate":1644807597705,"gmtModify":1676533963656,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095956704","repostId":"2211209385","repostType":4,"repost":{"id":"2211209385","pubTimestamp":1644793624,"share":"https://ttm.financial/m/news/2211209385?lang=&edition=fundamental","pubTime":"2022-02-14 07:07","market":"us","language":"en","title":"Russia-Ukraine Tensions, Retail Sales, Walmart Earnings: What to Know This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=2211209385","media":"Yahoo Finance","summary":"Choppiness in U.S. stocks is expected to persist this week as investors grapple with the prospect of","content":"<html><head></head><body><p>Choppiness in U.S. stocks is expected to persist this week as investors grapple with the prospect of swifter monetary tightening and escalating geopolitical tensions between Russia and Ukraine. And a new read on retail sales will be released Wednesday giving investors more insights into consumer spending.</p><p>Concerns over military action by the Kremlin have created a new headwind for investors, particularly after the White House warned on Friday that a possible invasion of Ukraine by Russia could come within days. The statement dealt a fresh blow to markets.</p><p>“The Russia-Ukraine tensions have hovered over already shaky investor sentiment,” Comerica Wealth Management Chief Investment Officer John Lynch said in a note. “Investors have been counting on a diplomatic resolution, but recent developments indicate this may be wishful thinking and therefore, not fully priced into the markets.”</p><p>The geopolitical tensions add to the uncertainty around central bank policy that has dominated market sentiment in recent months. Friday’s warning by the Biden administration weighed on stocks and sent oil prices soaring to a seven-year high.</p><p>“By pushing energy prices even higher, a Russian invasion would likely exacerbate inflation and redouble pressure on the Fed to raise interest rates,” Comerica Bank Chief Economist Bill Adams said in a note. “From the Fed’s perspective, the inflationary effects of a Russian invasion and higher energy prices would likely outweigh the shock’s negative implications for global growth.”</p><p>The Fed is already under pressure to act on the fastest increase in prices in 40 years. Wall Street was rattled last week by a highly-anticipated fresh print on the Labor Department’s Consumer Price Index (CPI), which notched a steeper-than-expected 7.5% increase over the year ended January to mark the largest annual jump since 1982. The surge heightened calls for the Federal Reserve to intervene more aggressively than anticipated to rein in soaring price levels, even raising the possibility of an emergency hike before the bank’s next policy meeting in March.</p><p>“As the inflation fire burns even hotter, the Federal Reserve will have to bring an even bigger firehose to put it out,” FWDBONDS Chief Economist Chris Rupkey said in a note.</p><p>Worries over above-estimated inflation have raised questions about whether or not the central bank might deliver on a 50 basis point move in mid-March. The Fed has not executed a “double” rate increase in a single policy decision since May 2000.</p><p>Fed watchers including Goldman Sachs and Deutsche Bank had ramped up their calls on how many times policymakers will increase rates. Goldman now sees the Federal Reserve hiking short-term borrowing costs seven times this year rather than the five it had expected earlier, while Deutsche Bank projects a 50 basis point rate hike in March and five more 25 basis point increases in the year.</p><p>CME Group&#39;s FedWatch tool showed investors were pricing in a 99% chance Fed policymakers will raise rates by 50 basis points in March as of Friday, a jump of 24% from the probability reflected two days earlier.</p><p>Some experts say the projections are greatly exaggerated.</p><p>“Even with elevated levels of inflation, we expect the Federal Reserve to tighten less than the market expects in 2022,” Treasury Partners Chief Investment Officer Richard Saperstein said in a note.</p><p>“We do not expect the Federal Reserve to announce rate hikes at every meeting and such extreme tightening scenarios suggest that we’re currently witnessing peak Fed mania,” he wrote, adding a moderate tightening process through a combination of rate hikes and the implementation of quantitative tightening starting this summer were likely.</p><p>On the geopolitical front, LPL Financial’s Ryan Detrick also appeared to temper the notion that a move by Russia into Ukraine would crash the stock market, pointing out that, historically, the great majority of geopolitical events going back to World War II did not put much of a dent in equities and losses were typically recovered quickly.</p><p><img src=\"https://static.tigerbbs.com/874e40dd031fe2fadf0415f24e036dcc\" tg-width=\"5500\" tg-height=\"3667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>U.S. President Joe Biden holds virtual talks with Russia&#39;s President Vladimir Putin amid Western fears that Moscow plans to attack Ukraine, as Secretary of State Antony Blinken listens with other officials during a secure video call from the Situation Room at the White House in Washington, U.S., December 7, 2021. The White House/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY TPX IMAGES OF THE DAYHandout . / reuters</p><p>“You can’t minimize what today’s news could mean on that part of the world and the people impacted, but from an investment point of view we need to remember that major geopolitical events historically haven’t moved stocks much,” Detrick said.</p><p>As an example, Detrick cited <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the best six-month runs in U.S. stocks ever following the assassination of President John F. Kennedy in November 1963.</p><p>“The truth is a solid economy can make up for a lot of sins,” Detrick added.</p><p><img src=\"https://static.tigerbbs.com/4e7861525c30cb94872b9893fdecc17e\" tg-width=\"1631\" tg-height=\"1130\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>The great majority of geopolitical events going back to World War II didn’t put much of a dent in stocks, with any losses made up quite quickly, according to Ryan Detrick, hief Market Strategist for LPL Financial.LPL Financial,</p><h2><b>Retail sales</b></h2><p>Consensus economists are expecting to see retail sales, released by the U.S. Census Bureau, rise by 2% in January compared to December&#39;s decrease of 1.9%, but sales excluding autos, gasoline, building materials and food services is expected to rise at a softer 0.8%, according to Bloomberg data. This would compare to December&#39;s decline of 2.3%.</p><p>&#34;The mom [month-over-month] gain in retail ex auto was negatively impacted by restaurants and gas spending, which were down 1.7% and 3.8% mom, respectively. As a result, the core control group, which nets out auto, gas, building and restaurants showed a strong 1.9% mom gain,&#34; said BofA Securities in a research note last week. &#34;Keep in mind that the Census retail sales report does not capture services spending other than restaurants spending so the impact on Census Bureau data from the Omicron distortions will be fairly muted.&#34;</p><p>Although earnings season is slowly winding down, another docket of corporate results remains underway for investors to weigh against monetary and geopolitical conditions this week.</p><p>Retail giant Walmart (WMT) will report fiscal fourth quarter 2021 earnings Thursday before the bell which will provide a fresh look into supply-chain issues as well as consumer spending. Walmart is expected to report adjusted earnings of $1.50 per share on revenue of $151.51 billion for the quarter, according to Bloomberg consensus. U.S. same-store sales is expected to increase 6.1%, ahead of guidance of 5%, for the holiday shopping quarter, according to Bloomberg.</p><p>&#34;We believe WMT&#39;s core business remained strong in F4Q following a strong F3Q (US comps were +9.2%, with transactions +5.7%), and given strong inventory positioning (supported by more favorable port access, long-term container shipping agreements and chartered vessel capacity) that likely supported share gains vs. smaller competitors this holiday.&#34; said BofA Securities in a research note on Feb. 10.</p><p>Other big-name companies to report earnings through Friday include ViacomCBS (VIAC), Airbnb (ABNB), Cisco Systems (CSCO), and Roku (ROKU).</p><p>On Capitol Hill, the fate of Federal Reserve Chairman Jerome Powell and a lineup of central bank nominees including Fed governor and vice chair pick Lael Brainard will be in focus as the Senate Banking Committee readies to hold a series of confirmation votes this week.</p><h2><b>Economic calendar</b></h2><ul><li><p><b>Monday:</b> <i>No notable reports scheduled for release</i></p></li><li><p><b>Tuesday:</b> Producer Price Index (PPI) final demand, month-over-month, January (0.5% expected, 0.2% in December, upwardly revised to 0.3%); PPI excluding food and energy, month-over-month, January (0.4% expected, 0.5% in December); PPI excluding food, energy, and trade, month-over-month, January (0.4% expected, 0.4% in December, downwardly revised to 0.3%); PPI year-over-year, January (9.0% expected, 9.7% in December); PPI, year-over-year, January (7.8% expected, 8.3% in December); PPI excluding food and energy, year-over-year, January (6.3% expected, 6.9% in December); PPI excluding food, energy, and trade, year-over-year, January (6.3% expected, 6.9% in December); Empire Manufacturing, February (11.0 expected, -0.7 during prior month); Net Long-Term TIC Outflows, December ($137.4 billion during prior month); Total Net TIC Outflows, December ($223.9 billion during prior month)</p></li><li><p><b>Wednesday:</b> MBA Mortgage Applications, week ended Feb. 11 (-8.1% during prior week); Retail Sales Advance, month-over-month, January (2.0% expected, -1.9% in December); Retail Sales excluding autos, month-over-month, January (0.8% expected, -2.3% in December); Retail Sales excluding autos and gas, month-over-month, January (1.0% expected, -2.5% in December); Import Price Index, month-over-month, January (1.3% expected, -0.2% in December); Import Price Index excluding petroleum, month-over-month, January (0.4% expected, 0.3% in December); Import Price Endex, year-over-year, January (9.8% expected, 10.4% in December); Export Price Index, month-over-month, January (1.3% expected, -1.8% in December); Export Price Index, year-over-year, January (14.7% in December); Industrial Production, month-over-month, January (0.4% expected, -0.1% in December); Capacity Utilization, January (76.8% expected, 76.5% in December); Manufacturing (SIC) Production, January (0.3% expected, -0.3% in December); Business Inventories, December (2.1% expected,1.3% in November); NAHB Housing Market Index, February (83 expected, 83 in January); FOMC Meeting Minutes, January 26</p></li><li><p><b>Thursday:</b> Building permits, January (1.750 million expected, 1.873 million in December, upwardly revised to 1.885 million); Building permits, month-over-month, January (-7.2% expected, 9.1% in December, upwardly revised to 9.8%); Housing starts, January (1.700 million expected, 1.702 million in December); Housing starts, month-over-month, January (-0.1% expected, 1.4% in December); Initial jobless claims, week ended Feb. 12 (220,000 expected, 223,000 during prior week); Continuing claims, week ended Feb. 5 (1.621 million during prior week); Philadelphia Fed Business Outlook Index, February (20.0 expected, 23.2 in January)</p></li><li><p><b>Friday: </b>Existing Home Sales, January (6.10 million expected, 6.18 million in December); Existing Home Sales, month-over-month, January (-1.3% expected, -4.6% in December); Leading Index, January (0.2% expected, 0.8% in December)</p></li></ul><h2><b>Earnings calendar</b></h2><p><b>Monday</b></p><p>Before market open: TreeHouse Foods (THS), <a href=\"https://laohu8.com/S/WEBR\">Weber Inc.</a> (WEBR)</p><p>After market close: $Vornado Realty Trust(VNO-N)$ (VNO), Avis Budget Group (CAR), Arista Networks (ANET), Advance Auto Parts (AAP)</p><p><b>Tuesday</b></p><p>Before market open: Marriott International (MAR)</p><p>After market close: ViacomCBS (VIAC), Wynn Resorts (WYNN), Airbnb (ABNB), Akamai Technologies (AKAM), Roblox (RBLX), Denny’s (DENN), La-Z-Boy (LZB), Wyndham Hotels &amp; Resorts Inc. (WH), ZoomInfo Technologies (ZI)</p><p><b>Wednesday</b></p><p>Before market open: Kraft Heinz (KHC), Hilton Worldwide (HLT), Analog Devices (ADI), Shopify (SHOP)</p><p>After market close: Cisco Systems (CSCO), Nvidia (NVDA), TripAdvisor (TRIP), AIG (AIG), DoorDash (DASH), Hyatt Hotels (H), Cheesecake Factory (CAKE), Marathon Oil (MRO), Energy Transfer (ET)</p><p><b>Thursday</b></p><p>Before market open: Nestlé (NSRGY) Walmart (WMT), US Foods (USFD), Palantir Technologies (PLTR), <a href=\"https://laohu8.com/S/AN\">AutoNation</a> (AN)</p><p>After market close: Shake Shack (SHAK), Roku (ROKU), Dropbox (DBX),Tanger Factory Outlet Centers (SKT)</p><p><b>Friday</b></p><p>Before market open: Deere (DE), DraftKings (DKNG), Bloomin’ Brands (BLMN), Allianz (ALIZY)</p></body></html>","source":"yahoofinance","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>Russia-Ukraine Tensions, Retail Sales, Walmart Earnings: What to Know 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\">\nRussia-Ukraine Tensions, Retail Sales, Walmart Earnings: What to Know This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-14 07:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/double-rate-increases-russias-invasion-of-ukraine-what-to-know-this-week-200245001.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Choppiness in U.S. stocks is expected to persist this week as investors grapple with the prospect of swifter monetary tightening and escalating geopolitical tensions between Russia and Ukraine. And a ...</p>\n\n<a href=\"https://finance.yahoo.com/news/double-rate-increases-russias-invasion-of-ukraine-what-to-know-this-week-200245001.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XLF":"金融ETF","SPY.AU":"SPDR® S&P 500® ETF Trust","WMT":"沃尔玛"},"source_url":"https://finance.yahoo.com/news/double-rate-increases-russias-invasion-of-ukraine-what-to-know-this-week-200245001.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2211209385","content_text":"Choppiness in U.S. stocks is expected to persist this week as investors grapple with the prospect of swifter monetary tightening and escalating geopolitical tensions between Russia and Ukraine. And a new read on retail sales will be released Wednesday giving investors more insights into consumer spending.Concerns over military action by the Kremlin have created a new headwind for investors, particularly after the White House warned on Friday that a possible invasion of Ukraine by Russia could come within days. The statement dealt a fresh blow to markets.“The Russia-Ukraine tensions have hovered over already shaky investor sentiment,” Comerica Wealth Management Chief Investment Officer John Lynch said in a note. “Investors have been counting on a diplomatic resolution, but recent developments indicate this may be wishful thinking and therefore, not fully priced into the markets.”The geopolitical tensions add to the uncertainty around central bank policy that has dominated market sentiment in recent months. Friday’s warning by the Biden administration weighed on stocks and sent oil prices soaring to a seven-year high.“By pushing energy prices even higher, a Russian invasion would likely exacerbate inflation and redouble pressure on the Fed to raise interest rates,” Comerica Bank Chief Economist Bill Adams said in a note. “From the Fed’s perspective, the inflationary effects of a Russian invasion and higher energy prices would likely outweigh the shock’s negative implications for global growth.”The Fed is already under pressure to act on the fastest increase in prices in 40 years. Wall Street was rattled last week by a highly-anticipated fresh print on the Labor Department’s Consumer Price Index (CPI), which notched a steeper-than-expected 7.5% increase over the year ended January to mark the largest annual jump since 1982. The surge heightened calls for the Federal Reserve to intervene more aggressively than anticipated to rein in soaring price levels, even raising the possibility of an emergency hike before the bank’s next policy meeting in March.“As the inflation fire burns even hotter, the Federal Reserve will have to bring an even bigger firehose to put it out,” FWDBONDS Chief Economist Chris Rupkey said in a note.Worries over above-estimated inflation have raised questions about whether or not the central bank might deliver on a 50 basis point move in mid-March. The Fed has not executed a “double” rate increase in a single policy decision since May 2000.Fed watchers including Goldman Sachs and Deutsche Bank had ramped up their calls on how many times policymakers will increase rates. Goldman now sees the Federal Reserve hiking short-term borrowing costs seven times this year rather than the five it had expected earlier, while Deutsche Bank projects a 50 basis point rate hike in March and five more 25 basis point increases in the year.CME Group's FedWatch tool showed investors were pricing in a 99% chance Fed policymakers will raise rates by 50 basis points in March as of Friday, a jump of 24% from the probability reflected two days earlier.Some experts say the projections are greatly exaggerated.“Even with elevated levels of inflation, we expect the Federal Reserve to tighten less than the market expects in 2022,” Treasury Partners Chief Investment Officer Richard Saperstein said in a note.“We do not expect the Federal Reserve to announce rate hikes at every meeting and such extreme tightening scenarios suggest that we’re currently witnessing peak Fed mania,” he wrote, adding a moderate tightening process through a combination of rate hikes and the implementation of quantitative tightening starting this summer were likely.On the geopolitical front, LPL Financial’s Ryan Detrick also appeared to temper the notion that a move by Russia into Ukraine would crash the stock market, pointing out that, historically, the great majority of geopolitical events going back to World War II did not put much of a dent in equities and losses were typically recovered quickly.U.S. President Joe Biden holds virtual talks with Russia's President Vladimir Putin amid Western fears that Moscow plans to attack Ukraine, as Secretary of State Antony Blinken listens with other officials during a secure video call from the Situation Room at the White House in Washington, U.S., December 7, 2021. The White House/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY TPX IMAGES OF THE DAYHandout . / reuters“You can’t minimize what today’s news could mean on that part of the world and the people impacted, but from an investment point of view we need to remember that major geopolitical events historically haven’t moved stocks much,” Detrick said.As an example, Detrick cited one of the best six-month runs in U.S. stocks ever following the assassination of President John F. Kennedy in November 1963.“The truth is a solid economy can make up for a lot of sins,” Detrick added.The great majority of geopolitical events going back to World War II didn’t put much of a dent in stocks, with any losses made up quite quickly, according to Ryan Detrick, hief Market Strategist for LPL Financial.LPL Financial,Retail salesConsensus economists are expecting to see retail sales, released by the U.S. Census Bureau, rise by 2% in January compared to December's decrease of 1.9%, but sales excluding autos, gasoline, building materials and food services is expected to rise at a softer 0.8%, according to Bloomberg data. This would compare to December's decline of 2.3%.\"The mom [month-over-month] gain in retail ex auto was negatively impacted by restaurants and gas spending, which were down 1.7% and 3.8% mom, respectively. As a result, the core control group, which nets out auto, gas, building and restaurants showed a strong 1.9% mom gain,\" said BofA Securities in a research note last week. \"Keep in mind that the Census retail sales report does not capture services spending other than restaurants spending so the impact on Census Bureau data from the Omicron distortions will be fairly muted.\"Although earnings season is slowly winding down, another docket of corporate results remains underway for investors to weigh against monetary and geopolitical conditions this week.Retail giant Walmart (WMT) will report fiscal fourth quarter 2021 earnings Thursday before the bell which will provide a fresh look into supply-chain issues as well as consumer spending. Walmart is expected to report adjusted earnings of $1.50 per share on revenue of $151.51 billion for the quarter, according to Bloomberg consensus. U.S. same-store sales is expected to increase 6.1%, ahead of guidance of 5%, for the holiday shopping quarter, according to Bloomberg.\"We believe WMT's core business remained strong in F4Q following a strong F3Q (US comps were +9.2%, with transactions +5.7%), and given strong inventory positioning (supported by more favorable port access, long-term container shipping agreements and chartered vessel capacity) that likely supported share gains vs. smaller competitors this holiday.\" said BofA Securities in a research note on Feb. 10.Other big-name companies to report earnings through Friday include ViacomCBS (VIAC), Airbnb (ABNB), Cisco Systems (CSCO), and Roku (ROKU).On Capitol Hill, the fate of Federal Reserve Chairman Jerome Powell and a lineup of central bank nominees including Fed governor and vice chair pick Lael Brainard will be in focus as the Senate Banking Committee readies to hold a series of confirmation votes this week.Economic calendarMonday: No notable reports scheduled for releaseTuesday: Producer Price Index (PPI) final demand, month-over-month, January (0.5% expected, 0.2% in December, upwardly revised to 0.3%); PPI excluding food and energy, month-over-month, January (0.4% expected, 0.5% in December); PPI excluding food, energy, and trade, month-over-month, January (0.4% expected, 0.4% in December, downwardly revised to 0.3%); PPI year-over-year, January (9.0% expected, 9.7% in December); PPI, year-over-year, January (7.8% expected, 8.3% in December); PPI excluding food and energy, year-over-year, January (6.3% expected, 6.9% in December); PPI excluding food, energy, and trade, year-over-year, January (6.3% expected, 6.9% in December); Empire Manufacturing, February (11.0 expected, -0.7 during prior month); Net Long-Term TIC Outflows, December ($137.4 billion during prior month); Total Net TIC Outflows, December ($223.9 billion during prior month)Wednesday: MBA Mortgage Applications, week ended Feb. 11 (-8.1% during prior week); Retail Sales Advance, month-over-month, January (2.0% expected, -1.9% in December); Retail Sales excluding autos, month-over-month, January (0.8% expected, -2.3% in December); Retail Sales excluding autos and gas, month-over-month, January (1.0% expected, -2.5% in December); Import Price Index, month-over-month, January (1.3% expected, -0.2% in December); Import Price Index excluding petroleum, month-over-month, January (0.4% expected, 0.3% in December); Import Price Endex, year-over-year, January (9.8% expected, 10.4% in December); Export Price Index, month-over-month, January (1.3% expected, -1.8% in December); Export Price Index, year-over-year, January (14.7% in December); Industrial Production, month-over-month, January (0.4% expected, -0.1% in December); Capacity Utilization, January (76.8% expected, 76.5% in December); Manufacturing (SIC) Production, January (0.3% expected, -0.3% in December); Business Inventories, December (2.1% expected,1.3% in November); NAHB Housing Market Index, February (83 expected, 83 in January); FOMC Meeting Minutes, January 26Thursday: Building permits, January (1.750 million expected, 1.873 million in December, upwardly revised to 1.885 million); Building permits, month-over-month, January (-7.2% expected, 9.1% in December, upwardly revised to 9.8%); Housing starts, January (1.700 million expected, 1.702 million in December); Housing starts, month-over-month, January (-0.1% expected, 1.4% in December); Initial jobless claims, week ended Feb. 12 (220,000 expected, 223,000 during prior week); Continuing claims, week ended Feb. 5 (1.621 million during prior week); Philadelphia Fed Business Outlook Index, February (20.0 expected, 23.2 in January)Friday: Existing Home Sales, January (6.10 million expected, 6.18 million in December); Existing Home Sales, month-over-month, January (-1.3% expected, -4.6% in December); Leading Index, January (0.2% expected, 0.8% in December)Earnings calendarMondayBefore market open: TreeHouse Foods (THS), Weber Inc. (WEBR)After market close: $Vornado Realty Trust(VNO-N)$ (VNO), Avis Budget Group (CAR), Arista Networks (ANET), Advance Auto Parts (AAP)TuesdayBefore market open: Marriott International (MAR)After market close: ViacomCBS (VIAC), Wynn Resorts (WYNN), Airbnb (ABNB), Akamai Technologies (AKAM), Roblox (RBLX), Denny’s (DENN), La-Z-Boy (LZB), Wyndham Hotels & Resorts Inc. (WH), ZoomInfo Technologies (ZI)WednesdayBefore market open: Kraft Heinz (KHC), Hilton Worldwide (HLT), Analog Devices (ADI), Shopify (SHOP)After market close: Cisco Systems (CSCO), Nvidia (NVDA), TripAdvisor (TRIP), AIG (AIG), DoorDash (DASH), Hyatt Hotels (H), Cheesecake Factory (CAKE), Marathon Oil (MRO), Energy Transfer (ET)ThursdayBefore market open: Nestlé (NSRGY) Walmart (WMT), US Foods (USFD), Palantir Technologies (PLTR), AutoNation (AN)After market close: Shake Shack (SHAK), Roku (ROKU), Dropbox (DBX),Tanger Factory Outlet Centers (SKT)FridayBefore market open: Deere (DE), DraftKings (DKNG), Bloomin’ Brands (BLMN), Allianz (ALIZY)","news_type":1},"isVote":1,"tweetType":1,"viewCount":50,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882279215,"gmtCreate":1631701204137,"gmtModify":1676530612569,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/882279215","repostId":"1148341685","repostType":4,"repost":{"id":"1148341685","pubTimestamp":1631660884,"share":"https://ttm.financial/m/news/1148341685?lang=&edition=fundamental","pubTime":"2021-09-15 07:08","market":"us","language":"en","title":"U.S. stocks close lower on worries over recovery, corporate tax hikes","url":"https://stock-news.laohu8.com/highlight/detail?id=1148341685","media":"Reuters","summary":"NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing","content":"<p>NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off despite signs of easing inflation.</p>\n<p>Optimism faded throughout the session, reversing an initial rally following the Labor Department’s consumer price index report. All three major U.S. stock indexes ended in negative territory in a reminder that September is a historically rough month for stocks.</p>\n<p>So far this month the S&amp;P 500 is down nearly 1.8% even as the benchmark index has gained over 18% since the beginning of the year.</p>\n<p>“There is a possibility that the market is simply ready to go through an overdue correction,” said Sam Stovall, chief investment strategist at CFRA Research in New York. “From a seasonality perspective, September tends to be the window dressing period for fund managers.”</p>\n<p>The advent of the highly contagious Delta COVID variant has driven an increase in bearish sentiment regarding the recovery from the global health crisis, and many now expect a substantial correction in stock markets by the end of the year.</p>\n<p>“We’re still in a corrective mode that people have been calling for months,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “Economic data points have been missing estimates, and that has coincided with the rise in the Delta variant.”</p>\n<p>The CPI report delivered a lower-than-consensus August reading, a deceleration that supports Federal Reserve Chairman Jerome Powell’s assertion that spiking inflation is transitory and calms market fears that the central bank will begin tightening monetary policy sooner than expected.</p>\n<p>U.S. Treasury yields dropped on the data, which pressured financial stocks, and investor favor pivoted back to growth at the expense of value. [US/]</p>\n<p>The long expected corporate tax hikes, to 26.5% from 21% if Democrats prevail, are coming nearer to fruition with U.S. President Joe Biden’s $3.5 trillion budget package inching closer to passage.</p>\n<p>The Dow Jones Industrial Average fell 292.06 points, or 0.84%, to 34,577.57; the S&amp;P 500 lost 25.68 points, or 0.57%, at 4,443.05; and the Nasdaq Composite dropped 67.82 points, or 0.45%, to 15,037.76.</p>\n<p>All 11 major sectors in the S&amp;P 500 ended the session red, with energy and financials suffering the largest percentage drops.</p>\n<p>Apple Inc unveiled its iPhone 13 and added new features to its iPad and Apple Watch gadgets in its biggest product launch event of the year as the company faces increased scrutiny in the courts over its business practices. Its shares closed down 1.0% and were the heaviest drag on the S&amp;P 500 and the Nasdaq.</p>\n<p>Intuit Inc gained 1.9% following the TurboTax maker’s announcement that it would acquire digital marketing company Mailchimp for $12 billion.</p>\n<p>CureVac slid 8.0% after the German biotechnology company canceled manufacturing deals for its experimental COVID-19 vaccine.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 2.25-to-1 ratio; on Nasdaq, a 2.40-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted two new 52-week highs and two new lows; the Nasdaq Composite recorded 50 new highs and 107 new lows.</p>\n<p>Volume on U.S. exchanges was 10.07 billion shares, compared with the 9.38 billion average over the last 20 trading days.</p>","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. stocks close lower on worries over recovery, corporate tax hikes</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; 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}\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. stocks close lower on worries over recovery, corporate tax hikes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-15 07:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/usa-stocks/u-s-stocks-close-lower-on-worries-over-recovery-corporate-tax-hikes-idUSKBN2GA0W9><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off ...</p>\n\n<a href=\"https://www.reuters.com/article/usa-stocks/u-s-stocks-close-lower-on-worries-over-recovery-corporate-tax-hikes-idUSKBN2GA0W9\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.reuters.com/article/usa-stocks/u-s-stocks-close-lower-on-worries-over-recovery-corporate-tax-hikes-idUSKBN2GA0W9","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148341685","content_text":"NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off despite signs of easing inflation.\nOptimism faded throughout the session, reversing an initial rally following the Labor Department’s consumer price index report. All three major U.S. stock indexes ended in negative territory in a reminder that September is a historically rough month for stocks.\nSo far this month the S&P 500 is down nearly 1.8% even as the benchmark index has gained over 18% since the beginning of the year.\n“There is a possibility that the market is simply ready to go through an overdue correction,” said Sam Stovall, chief investment strategist at CFRA Research in New York. “From a seasonality perspective, September tends to be the window dressing period for fund managers.”\nThe advent of the highly contagious Delta COVID variant has driven an increase in bearish sentiment regarding the recovery from the global health crisis, and many now expect a substantial correction in stock markets by the end of the year.\n“We’re still in a corrective mode that people have been calling for months,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “Economic data points have been missing estimates, and that has coincided with the rise in the Delta variant.”\nThe CPI report delivered a lower-than-consensus August reading, a deceleration that supports Federal Reserve Chairman Jerome Powell’s assertion that spiking inflation is transitory and calms market fears that the central bank will begin tightening monetary policy sooner than expected.\nU.S. Treasury yields dropped on the data, which pressured financial stocks, and investor favor pivoted back to growth at the expense of value. [US/]\nThe long expected corporate tax hikes, to 26.5% from 21% if Democrats prevail, are coming nearer to fruition with U.S. President Joe Biden’s $3.5 trillion budget package inching closer to passage.\nThe Dow Jones Industrial Average fell 292.06 points, or 0.84%, to 34,577.57; the S&P 500 lost 25.68 points, or 0.57%, at 4,443.05; and the Nasdaq Composite dropped 67.82 points, or 0.45%, to 15,037.76.\nAll 11 major sectors in the S&P 500 ended the session red, with energy and financials suffering the largest percentage drops.\nApple Inc unveiled its iPhone 13 and added new features to its iPad and Apple Watch gadgets in its biggest product launch event of the year as the company faces increased scrutiny in the courts over its business practices. Its shares closed down 1.0% and were the heaviest drag on the S&P 500 and the Nasdaq.\nIntuit Inc gained 1.9% following the TurboTax maker’s announcement that it would acquire digital marketing company Mailchimp for $12 billion.\nCureVac slid 8.0% after the German biotechnology company canceled manufacturing deals for its experimental COVID-19 vaccine.\nDeclining issues outnumbered advancing ones on the NYSE by a 2.25-to-1 ratio; on Nasdaq, a 2.40-to-1 ratio favored decliners.\nThe S&P 500 posted two new 52-week highs and two new lows; the Nasdaq Composite recorded 50 new highs and 107 new lows.\nVolume on U.S. exchanges was 10.07 billion shares, compared with the 9.38 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":66,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045321018,"gmtCreate":1656563291334,"gmtModify":1676535855010,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045321018","repostId":"1121505043","repostType":4,"repost":{"id":"1121505043","pubTimestamp":1656561665,"share":"https://ttm.financial/m/news/1121505043?lang=&edition=fundamental","pubTime":"2022-06-30 12:01","market":"us","language":"en","title":"NIO: Questions And Challenges To The Grizzly Short-Seller Report","url":"https://stock-news.laohu8.com/highlight/detail?id=1121505043","media":"seekingalpha","summary":"SummaryShort-seller Grizzly Research has released a report outlining findings of alleged fraud by NIO on Tuesday evening.The report attempted to outline how NIO, through an unconsolidated entity, is f","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Short-seller Grizzly Research has released a report outlining findings of alleged fraud by NIO on Tuesday evening.</li><li>The report attempted to outline how NIO, through an unconsolidated entity, is falsely inflating revenue and net income pertaining to its BaaS business.</li><li>The report also accused CEO Bin Li of association with fraudulent activities in the past. The information was largely used as support for Grizzly&#39;s claims of financial manipulation at NIO.</li><li>However, we believe some of the information reported by Grizzly have been exaggerated to support its short bias against NIO. We also question the validity of some of the quantified impacts that Grizzly is claiming against NIO&#39;s BaaS operations.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/346379c1e5a1a4087e614ef0b8a18caa\" tg-width=\"1080\" tg-height=\"720\" referrerpolicy=\"no-referrer\"/><span>Drew Angerer/Getty Images News</span></p><p>Grizzly Research (&#34;Grizzly&#34;) has released a short-seller report on NIO (NYSE:NIO) Tuesday morning, citing the Chinese electric vehicle (“EV”) company has engaged in the exaggeration of revenue and profitability via aggressive accounting methods and fraudulent means. In addition to outlining the allegedmeasures NIO has taken to falsely inflate its top- and bottom-line since 2020, Grizzly has also gathered extensive research in an attempt to character-assassinate NIO CEO Bin Li in order to “dot the i’s and cross the t’s” in its argument that the three core elements of fraud – opportunity, incentive and rationalization – exist in this situation for the EV maker.</p><p>While some of the findings raised in the short-seller report may raise questions that only NIO management can answer, there are also questionable and groundless arguments made by Grizzly that could significantly mislead and deceive existing and potential investors in the EV stock. The following analysis will focus on an overview of the short-seller’s core claim against NIO – namely, false inflation of revenue and net income via aggressive accounting and potentially fraudulent means – and provide a walkthrough of questions / challenges we have over the validity of some of those claims.</p><p><b>Accounting Crash Course: NIO’s BaaS Revenue Recognition Method</b></p><p>Through publicly disclosed information within NIO’s audited annual report, Grizzly had identified that NIO is frontloading and inflating revenue recognition pertaining to its battery-as-a-service (“BaaS”) sales via an unconsolidated related party.</p><p>In 2020, NIO, alongside an external consortium of investors that consist of EV battery maker CATL, Hubei Science Technology Investment Group, and a subsidiary of Fuotai Junan International Holdings Limited, have together created the joint venture “Wuhan Weineng Battery Asset Co., Ltd.,” (“Weineng”). Weineng was established in 2020, the same time when NIO’s battery lending service BaaS was introduced.</p><p>Under BaaS, NIO customers are eligible for a one-time discount of up to RMB 128,000 ($19,133) on the vehicle purchase if they opt for the battery lending subscription program instead of buying the battery with the vehicle upfront. This strategy has been an effective mean in fuelling the adoption of NIO EVs in China, especially with additional government subsidies for purchases that are compatible with battery swapping technology. All sales and costs pertaining to BaaS are managed by Weineng.</p><p>Now, the Weineng joint venture, in which NIO holds a 19.8% equity interest in, has been accounted for as an “equity-accounted investment” on the EV maker’s financial statements, given the definition of control under GAAP-based accounting has not been met (further discussed in later sections). Under GAAP-based accounting for related party transactions, “intragroup related party transactions and outstanding balances are eliminated, except for those between an investment entity and its subsidiaries measured at fair value through profit or loss, in the preparation of consolidated financial statements of the group”:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b533b2a1e657134b3b33f231c2b11f74\" tg-width=\"640\" tg-height=\"292\" referrerpolicy=\"no-referrer\"/><span>GAAP Rules on Related Party Disclosures (IAS)</span></p><p>Based on NIO’s disclosures within its audited annual report on its revenue recognition method pertaining to BaaS sales, the EV maker sells its battery packs to Weineng on a “back-to-back” basis when a vehicle is sold to a customer subscribed to BaaS:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d726db76c4884663e28c157208e5cd77\" tg-width=\"640\" tg-height=\"150\" referrerpolicy=\"no-referrer\"/><span>NIO Revenue Recognition Policy on BaaS Sales (NIO 2021 20F)</span></p><p>In compliance with GAAP-based accounting for revenue recognition, a sale is reported to the income statement when a performance obligation is satisfied. Under NIO’s affiliation with Weineng, NIO sells Weineng a battery pack when a customer buys a vehicle with BaaS subscription. The performance obligation here is that NIO needs to provide a battery pack to Weineng, and once this is satisfied, NIO is permitted to recognize revenue on the battery sale based on a pre-contracted transaction price for the performance obligation. For NIO, the battery sold would have been previously considered as inventory. Following the recognition of the battery sale, NIO would have also recorded cost of sales pertaining to removing the battery from its inventory balance on the balance sheet:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2203faf29e5b271342335935df358d86\" tg-width=\"389\" tg-height=\"208\" referrerpolicy=\"no-referrer\"/><span>Journal Entries for Battery Sales Business Model (Author)</span></p><p>In Weineng’s case, however, its performance obligation to customers is the provision of battery lending services on a monthly or annual basis, depending on the subscription option. As such, Weineng can only recognize monthly / annual BaaS revenue over time when it satisfies its battery lending obligation to customers. Weineng would also have to record depreciation costs over the useful life of its batteries, which are considered property, plant and equipment used in facilitating its service business:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4bf30456c1ff78b902edfa34d719f150\" tg-width=\"598\" tg-height=\"175\" referrerpolicy=\"no-referrer\"/><span>Journal Entries for BaaS Business Model (Author)</span></p><p>This arrangement essentially allows NIO to recognize 100% of revenues pertaining to the battery pack sold to Weineng upfront upon selling a vehicle booked on BaaS on a one-for-one basis, instead of recognizing BaaS revenue and related depreciation costs on the batteries used in the BaaS business over time. The disclosed BaaS revenue recognition method for NIO also infers that the number of battery packs sold to Weineng should be equivalent to the number of BaaS subscribers as of period-end. BaaS revenues and related costs of sales (e.g. depreciation costs on batteries) recognized over time are instead in the books of Weineng, in which NIO accounts for on its balance sheet as an equity-accounted investment.</p><p>Because Weineng is an equity-accounted investment and not a consolidated entity in which NIO controls under the definition set out by GAAP-based accounting, NIO is not required to perform intragroup eliminations pertaining to the related party transaction. Instead, it is required to disclose the relationship, as well as the related amounts if material. This information is disclosed in NIO’s 2021 20 Funder “Note 26. Related Party Balances and Transactions”. Revenue and income generated by Weineng are accounted for in NIO’s financial statements as “share of (loss) / income of equity investees” pro-rated for its non-controlling interest.</p><p><b>Grizzly’s Core Short Thesis</b></p><p>Grizzly alleges the move is a fraudulent measure taken by NIO to “exaggerate revenue and profitability”. The short-seller has accused NIO of using the accounting “loophole” to frontload battery revenues pertaining to BaaS that should have been recognized over a course of about seven years (i.e. battery discount on BaaS vehicle purchase, divided by annual BaaS subscription fee).</p><p>In addition to frontloading revenue recognition on BaaS sales, Grizzly has also identified a discrepancy between the number of active BaaS subscribers and battery packs owned by Weineng as of September 30, 2021. Grizzly found thatWeineng had ownership of 40,053 battery packs as of September 30, 2021, but only had 19,000 active BaaS subscribers during the period, which is inconsistent with NIO’s claims that it only records battery sales to Weineng on a back-to-back basis with BaaS vehicle sales. Grizzly has attributed the discrepancy as NIO’s way of artificially inflating revenues by selling more battery packs to Weineng than it needs to fulfil BaaS performance obligations.</p><p>In order to support its claim that NIO is defrauding investors via the unconsolidated related party, Grizzly has also gathered additional research in an attempt to support the three key elements of the fraudulent triangle:</p><p><b>Opportunity:</b>As mentioned in the accounting overview section, the ownership structure between NIO and Weineng is accounted for as an equity-accounted investment, which allows NIO to bypass related party transaction eliminations on its financial statements. This accordingly provides an opportunity for NIO to artificially inflate its revenues at the group level by recording sales to the equity-accounted subsidiary, without the need to back it out at period end. Under GAAP-based accounting rules on related party transactions, NIO is required to disclose material details to the relationship, in which it has complied with.</p><p>The organizational structure also provides NIO an ability to recognize BaaS revenues upfront, instead of over an extended period of time given the difference in performance obligation it owes toWeinengcompared to thoseWeineng owes to BaaS subscribers. Grizzly also claims the method has allowed NIO to bypass depreciation costs on battery assets to the tune of RMB 336 million per year.</p><p><b>Incentive:</b>Grizzly has gone through extensive measures to dig up evidence to support NIO has a valid incentive for exaggerating its revenue and profitability. Citing an agreement between NIO and a state-backed consortium which has invested in a wholly-owned subsidiary “NIO China”, which requires NIO to redeem the investment upon failure in meeting pre-established performance metrics, such as achieving revenues of RMB 120 billion by 2024. However, the publicly disclosed information per NIO’s regulatory filings does not specify whether the RMB 120 billion revenue performance metric is required on an annual basis or on a cumulative basis between the time at which the agreement was forged with the state-backed investment consortium and 2024.</p><p>Grizzly has also inferred incentive for NIO to exaggerate its top- and bottom-line as a mean to pretty its valuation prospects, and attract investors from the public market.</p><p><b>Rationalization:</b>The short-seller report lacks support for how NIO tried to rationalize the alleged fraudulent reporting behaviour. However, Grizzly has proceeded to gather evidence to bolster its claim of why the likelihood of fraud at NIO is high. These include findings about NIO CEO Li’s past association with personnel that have been previously linked to high-profile fraudulent financial reporting cases like Luckin Coffee(OTCPK:LKNCY). Grizzly has also alluded to questionable behaviour by NIO CEO Li, such as pledging a NIO-affiliated subsidiary, “NIO User Trust”, in which Li personally controls to UBS AG without directly addressing the matter to shareholders. While these findings may warrant clarification from management, there is insufficient ground to warrant a fraudulent sentence to the company.</p><p>NIO management has also refuted Grizzly’s claims, saying allegations outlined in the report are “without merit and contains numerous errors, unsupported speculations and misleading conclusions and interpretations”, and has committed to bolstering public disclosures going forward to protect shareholders’ interests. Nowhere has the company tried to outright rationalize fraudulent reporting.</p><p><b>Challenging Grizzly’s Conclusion on “Control” Established by NIO Over Weineng</b></p><p>In addition to character assassination on Li to support its claims for fraudulent reporting behaviour at NIO, Grizzly has also attempted to conclude NIO’s control over Weineng. As mentioned in earlier sections, if NIO effectively “controls” Weineng, it would have to consolidate the investment and eliminate any earnings recorded via related party transactions.</p><p>First, Grizzly has identified “conflicting disclosure” between NIO’s claim that it has “significant influence” over Weineng in one place, and NIO’s claim that it only has “limited control over the business operations” ofWeinengin another place within a same regulatory filing. However, the words “significant influence” and “control” used within NIO’s regulatory filings are defined differently under GAAP-based accounting rules from general definitions of power that everyday investors are familiar with.</p><p>Significant influence is defined as “the power to participate in the financial and operating policy decisions of the investee without the power to control or jointly control those policies” under GAAP-based accounting. Significantly influence is typically established when an “entity holds, directly or indirectly, 20% or more of voting power of the investee”. NIO’s 19.8% equity interest in Weineng is sufficient to presume its “significant influence” over the investment:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/505c64f7bc18c02131dd830e5f2a5462\" tg-width=\"640\" tg-height=\"260\" referrerpolicy=\"no-referrer\"/><span>GAAP Rules on Investments in Associates and Joint Ventures (IAS)</span></p><p>Pointing to our earlier reference to the definition of control established in GAAP-based accounting, the acquiring party only establishes “control” over the acquired party if it demonstrates three primary elements:</p><p>1. “<b>Power</b>” over the acquired entity, which is defined under GAAP as a substantive right exercised by an acquirer over the acquiree for non-protective benefits (e.g. exercising rights without the need for breach of contract or majority investor support). Based on publicly disclosed information in NIO’s regulatory filings, it only holds one of nine board seats on Weineng. There is also no mention of voting agreements that would pass on majority board and/or owner voting rights to NIO. With one of nine board seats, and a 19.8% equity interest, NIO does not exhibit power over Weineng to establish control.</p><p>2. Exposure to<i>variable returns</i>from the acquiree based on the acquirer’s involvement. NIO does not generate additional fees from Weineng based on Weineng’s performance. NIO is only exposed to Weineng’s earnings through its equity-accounted share of the investment.</p><p>As for the acquirer’s involvement in interfering with returns generated from the acquiree, Grizzly has pointed to the installation of two existing NIO executives to Weineng in management roles that include “Legal Representative and Chairman” and “General Manager and Director”. However, considering NIO’s significant influence over Weineng as defined under GAAP rules explained earlier, it is not unusual for the two parties to share employees or for NIO to “participate in the financial and operating policy decisions” of Weineng through the two shared employees. As such, NIO can account for its investment inWeinengas an equity-accounted investment, as long as “control” is not established even if it has installed employees at Weineng. Based on NIO’s failure to meet criterion 1 “power”, it already fails to establish control under GAAP rules over Weineng based on the existing ownership and voting structure disclosed in regulatory filings.</p><p>Grizzly has also alluded to the installation of two NIO executives in the daily operations of Weineng as a “major conflict of interest”. However, the auditor’s report per NIO’s audited 2021 20F states that “the company has maintained, in all material respects, effective internal control over financial reporting as of December 31, 2021, based on criteria established in<i>Internal Control – Integrated Framework</i>(2013) issued by the COSO”. The COSO framework requires that internal controls address segregation of duty requirements to ensure fair presentation of financial information without material misstatements whether due to error or fraud. As such, it is reasonable to believe that segregation of duty controls in place pertaining to the two executives’ roles in both NIO and Weineng have been tested as effective as of the reporting date.</p><p>3. The acquiring party is a<i>principal</i>in the transaction, and not an agent. Under GAAP-based accounting, an agent is “primarily engaged to act on behalf and for the benefit of another party…[and] does not control an investee when it exercises decision-making rights delegated to it”. In determining whether NIO is an agent over Weineng, the i) scope of NIO’s decision-making authority over Weineng, ii) the rights held by other investors in Weineng, iii) the remuneration in which NIO is entitled to in its affiliation with Weineng, and iv) NIO’s exposure to variability of returns from its interest in Weineng must be considered:</p><ul><li>Based on the foregoing analysis, we know that NIO’s sole decision-making authority over Weineng is limited given it only holds 19.8% equity interest with one in nine board seats in the joint venture. The two NIO executives installed in the daily operations of Weineng also do not exhibit characteristics of sole control over the joint ventures’ business.</li><li>The remainder of the investment consortium over Weineng holds the remaining eight of nine board seats, and 80.2% equity interest in the joint venture. There have also been no mention of signed-over voting rights by the investment consortium to NIO in publicly disclosed information that would give NIO control over Weineng.</li><li>In addition to battery sales, NIO is also entitled to service revenue earned from Weineng through service agreements. NIO earns revenue for providing “battery packmonitoring, maintenance, upgrade, replacement, IT system support, etc.” to Weineng via monthly service charges. As of the reporting year ended December 31, 2021, service revenues pertaining to the service agreements between NIO and Weineng were immaterial according to disclosures in “Note 2. Summary of Significant Accounting Policies”, section<i>(r) Revenue recognition</i>in the 2021 20F.</li><li>As discussed in the control assessment under criterion 2, NIO’s exposure to variability of returns in its investment in Weineng is insufficient to establish control under GAAP-based accounting.</li></ul><p><b>Challenging Grizzly’s Quantification of NIO’s Alleged Revenue and Profit Inflation</b></p><p>Grizzly believes NIO has inflated revenue and net income by “about 10% and 95%, respectively”, via its affiliation with Weineng. Grizzly’s calculations, as well as our skepticism, is outlined as follows:</p><p><b>1. Frontloaded Revenue via Battery Sales to Weineng</b></p><p><b>Grizzly’s accusation.</b>As discussed in the foregoing analysis, Grizzly identified that NIO has been recognizing battery revenues pertaining to BaaS upfront via its affiliation with Weineng. Instead of recognizing BaaS revenues over time when the service performance obligation is satisfied, NIO is able to recognize 100% of battery revenues sold to customers via BaaS subscriptions through the Weineng JV. Grizzly claims that this arrangement effectively allows NIO to pull forward seven years of BaaS revenue upfront.</p><p><b>Grizzly’s calculation of quantified impacts.</b>Considering vehicle purchase discounts ranging RMB 70,000 (70/75 kWh battery pack) to RMB 128,000 (100 kWh battery pack) upon buyer’s subscription to BaaS, Grizzly has taken the lower end of the range (i.e. RMB 70,000) as the proxy for battery pack revenues. Based on annual BaaS subscription fees at RMB 11,760 (RMB 980/mo.) for the 70 kWh battery pack, which yields a vehicle discount of RMB 70,000 with subscription to BaaS, Grizzly has assumed a BaaS revenue recognition timeline of about seven years (i.e. RMB 70,000 discount, divided by RMB 11,760 annual BaaS subscription fee, adjusted for inflation) – we consider this a reasonable assumption.</p><p>Now, as of September 30, 2021, a public regulatory filing by Weineng disclosed that it had 19,000 active BaaS subscribers. 18% of its subscription base were subscribed to the RMB 1,480/mo. 100 kWh battery pack, and 82% were subscribed to the RMB 980/mo. 70/75 kWh battery pack at the time.</p><p>Grizzly’s calculation of inflated revenues and income pertaining to NIO’s sale of 19,000 BaaS-related batteries to Weineng in the nine months ending September 30, 2021 is as follows:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/21e7d58b24ac2bde6344b4206ef9be8e\" tg-width=\"592\" tg-height=\"395\" referrerpolicy=\"no-referrer\"/><span>Grizzly&#39;s Computation of Inflated Revenue and Income Pertaining to Pulled Forward BaaS Sales (Grizzly Research)</span></p><p>As of the nine months ended September 30, 2021, NIO had generated RMB 2,796 million in revenues from the sale of batteries to Weineng (full year 2021 revenues generated from Weineng: RMB 4,138 million, 11% of total NIO 2021 revenue). Based on 19,000 active BaaS subscribers, and ownership of 40,053 battery packs owned as reported by Weineng as of September 30, 2021, Grizzly estimates that only 47% of the RMB 2,796 million in revenues generated from the sale of goods to Weineng are related to “real” BaaS sales. Essentially, Grizzly claims only RMB 1,326 million of RMB 2,796 million in sales of goods to Weineng recognized on NIO’s income statement in the nine months ended September 30, 2021 are related to real BaaS battery sales.</p><p>The RMB 1,326 million pertaining to 19,000 battery packs sold to Weineng for the number of active BaaS subscribers at the time is effectively the “upfront” revenue recognized by NIO, which should have been recognized over a course of seven years instead based on the estimated performance obligation timeline discussed in earlier sections. Without Weineng, NIO would have instead had to recognize BaaS revenues related to the 19,000 subscribers over time, which is equivalent to RMB 179 million in the nine month period ending September 30, 2021. This essentially means NIO had allegedly pulled forward RMB 1,147 million in revenues related to BaaS sales in the nine months ending September 30, 2021.</p><p>In the nine months ended September 30, 2021, NIO had reported total revenue of RMB 26,236 million and net losses of RMB 1,874 million. The RMB 1,147 million in pulled forward BaaS revenues represents 4% of total revenues recognized over the nine-month reporting period.</p><p>To generate the “adjusted” net income that NIO would have reported had Weineng never existed, Grizzly had removed RMB 1,147 million in pulled forward revenues pertaining to BaaS sales directly from actual reported net losses of RMB 1,874 million. This accordingly yields adjusted net losses of RMB 3,021 million for the nine months ending September 30, 2021 at NIO, or a variance of 61%.</p><p><b>Issue with Grizzly’s claim.</b>In Grizzly’s calculation of adjusted net losses had BaaS revenue never been pulled forward at NIO via its affiliation with Weineng, the short-seller did not add back costs of sales that NIO would have recognized when it sold the battery packs to Weineng and recorded the related revenue.</p><p>While profit margins on NIO’s battery pack sales to Weineng are not disclosed, Grizzly had used 20% as a proxy, which is “consistent with the margin of an entire vehicle [considering] batteries are a cost center for all vehicles”. Using the 20% profit margin proxy on 19,000 battery pack sales to Weineng totalling RMB 1,326 million in the nine months ending September 30, 2021, NIO would have recorded related cost of sales of RMB 1,060.9 million (i.e. 0.8% cost of revenues x RMB 1,326 million battery revenues recorded on the sale of 19,000 units to Weineng in the nine months ending September 30, 2021).</p><p>When Grizzly removed/pulled forward BaaS revenues of RMB 1,147 million from NIO’s actual net losses of RMB 1,874 million reported in the nine months ending September 30, 2021, Grizzly should have also added back related cost of sales totalling RMB 917.6 million in determining the adjusted net income reported.</p><p><b>Livy’s revised calculation of quantified impacts.</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/324a74d6eeeb60a4bd2da9251d4d6ed8\" tg-width=\"640\" tg-height=\"416\" referrerpolicy=\"no-referrer\"/><span>Livy&#39;s Computation of Revenue and Income Variances Pertaining to NIO&#39;s Alleged Frontloading of BaaS Sales (Author)</span></p><p>The above revised net income adjustment backs out alleged pulled forward BaaS revenues by NIO through its affiliation with Weineng from actual net losses reported by NIO in the nine months ending September 30, 2021. The orange-highlighted cells represent the incremental cost of sales pertaining to pulled forward BaaS revenues that should have been added back to adjusted net income in order to represent a fair representation of NIO’s adjusted net losses for the nine months ending September 30, 2021 if Weineng never existed and the EV maker had to recognize BaaS revenues over time. This adjustment accordingly reduces the variance of 61% from Grizzly’s calculation of adjusted net losses, to 12% – a material difference that, like Grizzly is accusing NIO of doing, misleads investors on the matter discussed.</p><p><b>2. Revenues from Oversupplied Batteries to Weineng</b></p><p><b>Grizzly’s accusation.</b>Based on NIO’s revenue recognition method on BaaS sales, the number of battery packs sold to Weineng should be equivalent to the number of vehicle buyers that have subscribed to BaaS at the time of purchase. Based on 19,000 active BaaS subscribers reported by Weineng as of September 30, 2021, it is easy to assume that NIO should have only sold 19,000 battery packs to Weineng in the nine months ending September 30, 2021 as well to comply with the EV maker’s revenue recognition method on BaaS sales outlined in its 2021 20F.</p><p>However, Weineng had reported ownership of 40,053 battery packs as of September 30, 2021, which exceeds its active subscriber base of 19,000 by 21,053 units. As such, Grizzly has accused NIO of intentionally overselling battery packs to Weineng to inflate revenues.</p><p>While the discrepancy is indeed a question for management, Grizzly had cited that there is no need for Weineng to hold that many additional battery packs, even for operational purposes. Grizzly had gone on to explain its field work done at NIO Power Swap stations to verify that there is no difference between BaaS battery packs owned by Weineng and battery packs used in swap stations owned by NIO. However, we believe the additional field work is a moot point, considering NIO Power Swap operations are not related to Weineng. Weineng only facilitates NIO’s BaaS battery lending business, and nothing else – Grizzly did not even have to go out of its way to check on NIO’s Power Swap stations and hold conversations with sales staff at NIO’s car centers.</p><p><b>Livy’s response.</b>While the number of battery packs owned by Weineng should essentially be equivalent to the number of active BaaS subscribers, there is a possibility that a total of 40,053 NIO vehicle sales between 2020 when BaaS was established and September 30, 2021 had subscribed to BaaS. Perhaps, as of reporting date on September 30, 2021, there were 21,053 BaaS subscribers that have halted monthly subscriptions, which is not surprising given the third quarter is not a typical driving season, and there is a possibility that these NIO vehicle owners did not need to use their vehicles during the period.</p><p>Grizzly has also supported its claim that NIO oversupplied battery packs to Weineng to intentionally inflate revenues by saying that Weineng has no storage facility to store its 21,053 excess battery packs as of September 30, 2021. However, we do not find this surprising, as BaaS subscribers that have halted monthly subscriptions might be holding onto the emptied battery packs on consignment or have returned them to a NIO servicing center where NIO has held onto these Weineng-owned battery packs on consignment. The lack of battery pack storage facility owned by Weineng does not conclude that its ownership of the excess battery packs is fraudulent and made up.</p><p>There can be many reasons why a discrepancy exists between the number of active BaaS subscribers and battery packs owned by Weineng at the end of a reporting period. The above are just two assumptions that could invalidate Grizzly’s accusation (which is also an assumption). The real answer to the discrepancy can only be explained by NIO and Weineng management.</p><p><b>Grizzly’s calculation of quantified impacts.</b>In determining the inflated revenue and earnings specific to the allegedly oversupplied battery packs from NIO to Weineng, Grizzly had performed the following calculations:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a2497da8272eec2b6020c07b7ee06b1f\" tg-width=\"580\" tg-height=\"420\" referrerpolicy=\"no-referrer\"/><span>Grizzly&#39;s Computation of Revenue and Net Income Variances Pertaining to Oversupplied Batteries (Grizzly Research)</span></p><p>In deriving the inflated revenues related to the allegedly oversupplied battery packs, Grizzly had determined the percentage of battery packs owned by Weineng as of September 30, 2021 that were in excess to its active subscriber base as 53% (i.e. 21,053 excess battery packs, divided by 40,053 battery packs owned by Weineng as of September 30, 2021). The percentage was applied to total revenue recognized by NIO pertaining to the sale of battery packs to Weineng in the nine months ending September 30, 2021, resulting in oversold battery revenues of RMB 1,470 million (i.e. 53% oversold batteries x RMB 2,796 million in related party revenues from Weineng recorded by NIO for the nine months ending September 30, 2021).</p><p>In the nine months ended September 30, 2021, NIO had reported total revenue of RMB 26,236 million and net losses of RMB 1,874 million. The RMB 1,470 million in oversold battery revenue represents 6% of total NIO revenues recognized over the nine-month reporting period.</p><p>Considering Grizzly’s 20% profit margin assumption on battery pack sales as discussed in earlier sections, the oversold battery packs to Weineng would have generated net income of RMB 294 million in the nine months ending September 30, 2021. As such, backing out RMB 294 million in overstated profits back to NIO’s actual reported net losses of RMB 1,874 million in the nine-month period ending September 30, 2021 would have yield adjusted net losses of RMB 2,168 million, representing a variance of 16%.</p><p>We have no issues with this calculation performed by Grizzly, other than concerns over the short-seller’s claims that these 20,053 battery packs were intentionally “oversold” by NIO to Weineng to artificially boost revenues.</p><p><b>3. Shifting Depreciation Costs</b></p><p><b>Grizzly’s Accusations.</b>Grizzly has accused NIO of indirectly shifting depreciation costs on the battery packs sold to Weineng, saving the EV maker north of RMB 336 million in depreciation expense on an annual basis.</p><p>Specifically, Grizzly has assumed a 20% profit margin on NIO’s battery sales totalling RMB 2,796 million generated from Weineng in the nine months ending September 30, 2021. This represents battery assets valued at a cost basis of RMB 2.25 billion (i.e. 80% cost x RMB 2,796 in battery sales to Weineng, adjusted for minor rounding differences) removed from the EV maker’s balance sheet over the same period.</p><p>Based on the five to eight years useful life attributable to equipment, including battery packs, used in NIO’s Power Swap business as disclosed in its 2021 20F, Grizzly has assumed an annual depreciation rate of about 15% on the battery packs sold to Weineng and removed from NIO’s balance sheet in the nine months ending September 30, 2021. This is consistent with the assumed BaaS revenue recognition timeline of about seven years as discussed in earlier sections. As such, Grizzly has accused NIO of avoiding depreciation costs of RMB 336 million (i.e. 15% battery depreciation rate x RMB 2,796 million in battery pack sales to Weineng) in the nine months ending September 30, 2021. The short-seller has also alluded to the RMB 336 million as a proxy for annual depreciation costs that NIO has avoided via its arrangement with Weineng.</p><p><b>Issue with Grizzly’s claim.</b>There are two folds to this situation:</p><p><b>1. BaaS Business Model:</b>Under the BaaS business model, the battery packs are considered equipment used in facilitating a service business. As such, the related battery packs would be subjected to depreciation over its useful life. In NIO’s case, if Weineng never existed and the EV maker consolidates its BaaS business, NIO would have had to recognized BaaS revenues pertaining to the 19,000 battery packs that Grizzly has attributed to the BaaS business over seven years, and accordingly record depreciation costs on these battery packs as well over their useful lives of about seven years. As mentioned in earlier sections, the related journal entries under the BaaS business model is as follows:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e89611dda7a7e83881997628fe7aae3\" tg-width=\"640\" tg-height=\"187\" referrerpolicy=\"no-referrer\"/><span>Journal Entries for BaaS Business Model (Author)</span></p><p><b>2. Battery Sales Business Model:</b>in the current situation where NIO has sold the battery packs to Weineng, the battery packs are considered inventory to NIO. There is no depreciation costs related to inventory under GAAP-based accounting. Instead, NIO needs to record the costs of this inventory when they are removed from its balance sheet once the sale is recognized. As mentioned in earlier sections, the related journal entries under the battery sale business model is as follows:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2203faf29e5b271342335935df358d86\" tg-width=\"389\" tg-height=\"208\" referrerpolicy=\"no-referrer\"/><span>Journal Entries for Battery Sales Business Model (Author)</span></p><p>Now, in NIO’s current actual situation, it is engaged in a battery sales business model under its performance obligation to Weineng, while Weineng is engaged in a BaaS business model under its performance obligation to BaaS subscribers.</p><p>As discussed in our first challenge to Grizzly’s calculations pertaining to pulled forward revenue on BaaS battery sales to Weineng, NIO would have recorded costs of sales pertaining to the sold battery inventory when it recognized the related revenues. And this cost of sales number, based on a 20% profit margin assumption consistent with that used by Grizzly, would have accounted for the costs of battery inventory removed from NIO’s balance sheet upon completion of the sale to Weineng. This is consistent with Grizzly’s own calculation pertaining to profit margins on the battery packs that it alleges NIO had oversupplied to Weineng, which is inclusive of cost of sales related to written off inventory incurred by NIO upon recognition of related revenues.</p><p>If NIO was engaged in the BaaS business model itself, without the intervention of Weineng, it would have recognized depreciation at a rate of 15% per year on the battery packs. However, under the upfront sale of related battery packs to Weineng, NIO would have recorded related cost of sales at an upfront rate of 80% as well. So basically, instead of recording revenues and depreciation costs on battery packs over time, NIO essentially recorded revenues and battery inventory costs upfront under its current arrangement with Weineng.</p><p><b>Grizzly’s calculation of quantified impacts.</b>Grizzly’s accusation that NIO has overstated revenues and earnings by 10% and 95%, respectively, through its affiliation with Weineng is calculated as follows:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/96f972c8d488406cd690b0672265e62b\" tg-width=\"576\" tg-height=\"498\" referrerpolicy=\"no-referrer\"/><span>Grizzly&#39;s Computation of Total Revenue and Income Inflation (Grizzly Research)</span></p><p>As discussed in earlier sections, NIO’s pulled forward BaaS revenues and inflated battery sales revenues via its affiliation with Weineng represent 4% and 6% of its total revenues, respectively, recognized in the nine months ending September 30, 2021. This represents the 10% in inflated NIO revenues as Grizzly has outlined in the above calculation.</p><p><b>Livy’s revised calculation of quantified impacts.</b>While we have yet to reconcile the RMB 1,777 million in total inflated net income that Grizzly has accused NIO of recognizing (please let us know in comments if you know), we believe the 95% variance identified by Grizzly is not a fair presentation of the quantified impact of its core short thesis.</p><p>Our calculation of the quantified impact pertaining to Grizzly’s accusations that NIO has inflated revenue and earnings through (1) pulling forward BaaS sales, and (2) oversupplying batteries to Weineng, is as follows:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1ffe9833bb562f66e5365e077d7741d4\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/><span>Livy&#39;s Computation of Alleged Overstatements Related to Alleged Frontloading of BaaS Revenue (Author)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/230a54833c34b3a9920a03524c28e960\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Livy&#39;s Computation of Alleged Overstatements Pertaining to Alleged Overselling of Battery Supplies (Author)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ccf9a3a0482b46cee102e66d5137113f\" tg-width=\"640\" tg-height=\"220\" referrerpolicy=\"no-referrer\"/><span>Livy&#39;s Computation of Alleged Revenue Overstatement (Author)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c7ec5a61d7fd491aec81d9a48a92020\" tg-width=\"640\" tg-height=\"188\" referrerpolicy=\"no-referrer\"/><span>Livy&#39;s Computation of Alleged Overstatement in Net Income (Author)</span></p><p>Under Grizzly’s accusations of inflated revenue and earnings by NIO through its affiliation with Weineng, if found valid (which we remain skeptical of), NIO would have overstated net losses in the nine months ending September 30, 2021 by 28% instead of the 95% that Grizzly alleges – a material difference that again misleads investors on the estimated quantified impact pertaining to the accusations claimed by the short-seller. The net income variance of RMB 523 million ($78 million) found in our calculation is also immaterial (&lt; 1%) based on NIO’s market value of $58.38 billion as of September 30, 2021 and NIO’s market value of approximately $35 billion today.</p><p><b>Final Thoughts</b></p><p>As discussed in the introduction of this analysis, Grizzly had also touched on things like NIO CEO Li’s association with fraudulent personnel, the pledge of NIO User Trust to UBS AG, and conflict of interests to further support its argument that NIO is engaged in fraudulent financial reporting. However, these are groundless allegations that have yet to be substantiated to infer Li is committing fraud via NIO’s operations. While investors should always exercise professional skepticism on publicly disclosed information in regulatory filings when making investment decisions, the same skepticism should also be placed on external claims – such as those by the short-seller, commentary by external sources, and/or even commentary herein – especially if they argue that correlation = causation (e.g. Grizzly’s method in inferring that fraud at NIO is substantiated given “dirt” it has dug up on Li’s past).</p><p>While we agree that there are some good takeaways from the short-seller report that may require further clarification from management, it is important to recognize and acknowledge that a lot of it might also be misleading – or in the words of Grizzly, “exaggerated”. This is also consistent with NIO’s stock performance during Tuesday and Wednesday’s session following release of the short-seller report. The stock has largely moved in consistency with the ongoing market rout, and broad-based selloff across the EV sector, with no extreme deviation due to the negative headline from Grizzly, which indicates that market participants, especially significant shareholders in NIO, are still digesting the latest external allegations.</p><p>At the end of the day, NIO remains one of the most viable EV businesses in the emerging sector, with continued demand for its vehicles to support further growth over the long-run. Unlike some of the upstarts in the increasingly competitive EV landscape that have been accused of fraud, such as Nikola (NKLA), Lordstown Motors (RIDE), and Faraday Future (FFIE), NIO already operates a global business with a substantiated vehicle order book to support the bulk of its top- and bottom-line expansion, which continues to support its positive valuation prospects ahead.</p><p>This article was written by Livy Investment Research</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>NIO: Questions And Challenges To The Grizzly Short-Seller Report</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; 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}\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\">\nNIO: Questions And Challenges To The Grizzly Short-Seller Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-30 12:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4521053-nio-questions-and-challenges-to-the-grizzly-short-seller-report?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A2><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryShort-seller Grizzly Research has released a report outlining findings of alleged fraud by NIO on Tuesday evening.The report attempted to outline how NIO, through an unconsolidated entity, is ...</p>\n\n<a href=\"https://seekingalpha.com/article/4521053-nio-questions-and-challenges-to-the-grizzly-short-seller-report?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","NIO.SI":"蔚来","09866":"蔚来-SW"},"source_url":"https://seekingalpha.com/article/4521053-nio-questions-and-challenges-to-the-grizzly-short-seller-report?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A2","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1121505043","content_text":"SummaryShort-seller Grizzly Research has released a report outlining findings of alleged fraud by NIO on Tuesday evening.The report attempted to outline how NIO, through an unconsolidated entity, is falsely inflating revenue and net income pertaining to its BaaS business.The report also accused CEO Bin Li of association with fraudulent activities in the past. The information was largely used as support for Grizzly's claims of financial manipulation at NIO.However, we believe some of the information reported by Grizzly have been exaggerated to support its short bias against NIO. We also question the validity of some of the quantified impacts that Grizzly is claiming against NIO's BaaS operations.Drew Angerer/Getty Images NewsGrizzly Research (\"Grizzly\") has released a short-seller report on NIO (NYSE:NIO) Tuesday morning, citing the Chinese electric vehicle (“EV”) company has engaged in the exaggeration of revenue and profitability via aggressive accounting methods and fraudulent means. In addition to outlining the allegedmeasures NIO has taken to falsely inflate its top- and bottom-line since 2020, Grizzly has also gathered extensive research in an attempt to character-assassinate NIO CEO Bin Li in order to “dot the i’s and cross the t’s” in its argument that the three core elements of fraud – opportunity, incentive and rationalization – exist in this situation for the EV maker.While some of the findings raised in the short-seller report may raise questions that only NIO management can answer, there are also questionable and groundless arguments made by Grizzly that could significantly mislead and deceive existing and potential investors in the EV stock. The following analysis will focus on an overview of the short-seller’s core claim against NIO – namely, false inflation of revenue and net income via aggressive accounting and potentially fraudulent means – and provide a walkthrough of questions / challenges we have over the validity of some of those claims.Accounting Crash Course: NIO’s BaaS Revenue Recognition MethodThrough publicly disclosed information within NIO’s audited annual report, Grizzly had identified that NIO is frontloading and inflating revenue recognition pertaining to its battery-as-a-service (“BaaS”) sales via an unconsolidated related party.In 2020, NIO, alongside an external consortium of investors that consist of EV battery maker CATL, Hubei Science Technology Investment Group, and a subsidiary of Fuotai Junan International Holdings Limited, have together created the joint venture “Wuhan Weineng Battery Asset Co., Ltd.,” (“Weineng”). Weineng was established in 2020, the same time when NIO’s battery lending service BaaS was introduced.Under BaaS, NIO customers are eligible for a one-time discount of up to RMB 128,000 ($19,133) on the vehicle purchase if they opt for the battery lending subscription program instead of buying the battery with the vehicle upfront. This strategy has been an effective mean in fuelling the adoption of NIO EVs in China, especially with additional government subsidies for purchases that are compatible with battery swapping technology. All sales and costs pertaining to BaaS are managed by Weineng.Now, the Weineng joint venture, in which NIO holds a 19.8% equity interest in, has been accounted for as an “equity-accounted investment” on the EV maker’s financial statements, given the definition of control under GAAP-based accounting has not been met (further discussed in later sections). Under GAAP-based accounting for related party transactions, “intragroup related party transactions and outstanding balances are eliminated, except for those between an investment entity and its subsidiaries measured at fair value through profit or loss, in the preparation of consolidated financial statements of the group”:GAAP Rules on Related Party Disclosures (IAS)Based on NIO’s disclosures within its audited annual report on its revenue recognition method pertaining to BaaS sales, the EV maker sells its battery packs to Weineng on a “back-to-back” basis when a vehicle is sold to a customer subscribed to BaaS:NIO Revenue Recognition Policy on BaaS Sales (NIO 2021 20F)In compliance with GAAP-based accounting for revenue recognition, a sale is reported to the income statement when a performance obligation is satisfied. Under NIO’s affiliation with Weineng, NIO sells Weineng a battery pack when a customer buys a vehicle with BaaS subscription. The performance obligation here is that NIO needs to provide a battery pack to Weineng, and once this is satisfied, NIO is permitted to recognize revenue on the battery sale based on a pre-contracted transaction price for the performance obligation. For NIO, the battery sold would have been previously considered as inventory. Following the recognition of the battery sale, NIO would have also recorded cost of sales pertaining to removing the battery from its inventory balance on the balance sheet:Journal Entries for Battery Sales Business Model (Author)In Weineng’s case, however, its performance obligation to customers is the provision of battery lending services on a monthly or annual basis, depending on the subscription option. As such, Weineng can only recognize monthly / annual BaaS revenue over time when it satisfies its battery lending obligation to customers. Weineng would also have to record depreciation costs over the useful life of its batteries, which are considered property, plant and equipment used in facilitating its service business:Journal Entries for BaaS Business Model (Author)This arrangement essentially allows NIO to recognize 100% of revenues pertaining to the battery pack sold to Weineng upfront upon selling a vehicle booked on BaaS on a one-for-one basis, instead of recognizing BaaS revenue and related depreciation costs on the batteries used in the BaaS business over time. The disclosed BaaS revenue recognition method for NIO also infers that the number of battery packs sold to Weineng should be equivalent to the number of BaaS subscribers as of period-end. BaaS revenues and related costs of sales (e.g. depreciation costs on batteries) recognized over time are instead in the books of Weineng, in which NIO accounts for on its balance sheet as an equity-accounted investment.Because Weineng is an equity-accounted investment and not a consolidated entity in which NIO controls under the definition set out by GAAP-based accounting, NIO is not required to perform intragroup eliminations pertaining to the related party transaction. Instead, it is required to disclose the relationship, as well as the related amounts if material. This information is disclosed in NIO’s 2021 20 Funder “Note 26. Related Party Balances and Transactions”. Revenue and income generated by Weineng are accounted for in NIO’s financial statements as “share of (loss) / income of equity investees” pro-rated for its non-controlling interest.Grizzly’s Core Short ThesisGrizzly alleges the move is a fraudulent measure taken by NIO to “exaggerate revenue and profitability”. The short-seller has accused NIO of using the accounting “loophole” to frontload battery revenues pertaining to BaaS that should have been recognized over a course of about seven years (i.e. battery discount on BaaS vehicle purchase, divided by annual BaaS subscription fee).In addition to frontloading revenue recognition on BaaS sales, Grizzly has also identified a discrepancy between the number of active BaaS subscribers and battery packs owned by Weineng as of September 30, 2021. Grizzly found thatWeineng had ownership of 40,053 battery packs as of September 30, 2021, but only had 19,000 active BaaS subscribers during the period, which is inconsistent with NIO’s claims that it only records battery sales to Weineng on a back-to-back basis with BaaS vehicle sales. Grizzly has attributed the discrepancy as NIO’s way of artificially inflating revenues by selling more battery packs to Weineng than it needs to fulfil BaaS performance obligations.In order to support its claim that NIO is defrauding investors via the unconsolidated related party, Grizzly has also gathered additional research in an attempt to support the three key elements of the fraudulent triangle:Opportunity:As mentioned in the accounting overview section, the ownership structure between NIO and Weineng is accounted for as an equity-accounted investment, which allows NIO to bypass related party transaction eliminations on its financial statements. This accordingly provides an opportunity for NIO to artificially inflate its revenues at the group level by recording sales to the equity-accounted subsidiary, without the need to back it out at period end. Under GAAP-based accounting rules on related party transactions, NIO is required to disclose material details to the relationship, in which it has complied with.The organizational structure also provides NIO an ability to recognize BaaS revenues upfront, instead of over an extended period of time given the difference in performance obligation it owes toWeinengcompared to thoseWeineng owes to BaaS subscribers. Grizzly also claims the method has allowed NIO to bypass depreciation costs on battery assets to the tune of RMB 336 million per year.Incentive:Grizzly has gone through extensive measures to dig up evidence to support NIO has a valid incentive for exaggerating its revenue and profitability. Citing an agreement between NIO and a state-backed consortium which has invested in a wholly-owned subsidiary “NIO China”, which requires NIO to redeem the investment upon failure in meeting pre-established performance metrics, such as achieving revenues of RMB 120 billion by 2024. However, the publicly disclosed information per NIO’s regulatory filings does not specify whether the RMB 120 billion revenue performance metric is required on an annual basis or on a cumulative basis between the time at which the agreement was forged with the state-backed investment consortium and 2024.Grizzly has also inferred incentive for NIO to exaggerate its top- and bottom-line as a mean to pretty its valuation prospects, and attract investors from the public market.Rationalization:The short-seller report lacks support for how NIO tried to rationalize the alleged fraudulent reporting behaviour. However, Grizzly has proceeded to gather evidence to bolster its claim of why the likelihood of fraud at NIO is high. These include findings about NIO CEO Li’s past association with personnel that have been previously linked to high-profile fraudulent financial reporting cases like Luckin Coffee(OTCPK:LKNCY). Grizzly has also alluded to questionable behaviour by NIO CEO Li, such as pledging a NIO-affiliated subsidiary, “NIO User Trust”, in which Li personally controls to UBS AG without directly addressing the matter to shareholders. While these findings may warrant clarification from management, there is insufficient ground to warrant a fraudulent sentence to the company.NIO management has also refuted Grizzly’s claims, saying allegations outlined in the report are “without merit and contains numerous errors, unsupported speculations and misleading conclusions and interpretations”, and has committed to bolstering public disclosures going forward to protect shareholders’ interests. Nowhere has the company tried to outright rationalize fraudulent reporting.Challenging Grizzly’s Conclusion on “Control” Established by NIO Over WeinengIn addition to character assassination on Li to support its claims for fraudulent reporting behaviour at NIO, Grizzly has also attempted to conclude NIO’s control over Weineng. As mentioned in earlier sections, if NIO effectively “controls” Weineng, it would have to consolidate the investment and eliminate any earnings recorded via related party transactions.First, Grizzly has identified “conflicting disclosure” between NIO’s claim that it has “significant influence” over Weineng in one place, and NIO’s claim that it only has “limited control over the business operations” ofWeinengin another place within a same regulatory filing. However, the words “significant influence” and “control” used within NIO’s regulatory filings are defined differently under GAAP-based accounting rules from general definitions of power that everyday investors are familiar with.Significant influence is defined as “the power to participate in the financial and operating policy decisions of the investee without the power to control or jointly control those policies” under GAAP-based accounting. Significantly influence is typically established when an “entity holds, directly or indirectly, 20% or more of voting power of the investee”. NIO’s 19.8% equity interest in Weineng is sufficient to presume its “significant influence” over the investment:GAAP Rules on Investments in Associates and Joint Ventures (IAS)Pointing to our earlier reference to the definition of control established in GAAP-based accounting, the acquiring party only establishes “control” over the acquired party if it demonstrates three primary elements:1. “Power” over the acquired entity, which is defined under GAAP as a substantive right exercised by an acquirer over the acquiree for non-protective benefits (e.g. exercising rights without the need for breach of contract or majority investor support). Based on publicly disclosed information in NIO’s regulatory filings, it only holds one of nine board seats on Weineng. There is also no mention of voting agreements that would pass on majority board and/or owner voting rights to NIO. With one of nine board seats, and a 19.8% equity interest, NIO does not exhibit power over Weineng to establish control.2. Exposure tovariable returnsfrom the acquiree based on the acquirer’s involvement. NIO does not generate additional fees from Weineng based on Weineng’s performance. NIO is only exposed to Weineng’s earnings through its equity-accounted share of the investment.As for the acquirer’s involvement in interfering with returns generated from the acquiree, Grizzly has pointed to the installation of two existing NIO executives to Weineng in management roles that include “Legal Representative and Chairman” and “General Manager and Director”. However, considering NIO’s significant influence over Weineng as defined under GAAP rules explained earlier, it is not unusual for the two parties to share employees or for NIO to “participate in the financial and operating policy decisions” of Weineng through the two shared employees. As such, NIO can account for its investment inWeinengas an equity-accounted investment, as long as “control” is not established even if it has installed employees at Weineng. Based on NIO’s failure to meet criterion 1 “power”, it already fails to establish control under GAAP rules over Weineng based on the existing ownership and voting structure disclosed in regulatory filings.Grizzly has also alluded to the installation of two NIO executives in the daily operations of Weineng as a “major conflict of interest”. However, the auditor’s report per NIO’s audited 2021 20F states that “the company has maintained, in all material respects, effective internal control over financial reporting as of December 31, 2021, based on criteria established inInternal Control – Integrated Framework(2013) issued by the COSO”. The COSO framework requires that internal controls address segregation of duty requirements to ensure fair presentation of financial information without material misstatements whether due to error or fraud. As such, it is reasonable to believe that segregation of duty controls in place pertaining to the two executives’ roles in both NIO and Weineng have been tested as effective as of the reporting date.3. The acquiring party is aprincipalin the transaction, and not an agent. Under GAAP-based accounting, an agent is “primarily engaged to act on behalf and for the benefit of another party…[and] does not control an investee when it exercises decision-making rights delegated to it”. In determining whether NIO is an agent over Weineng, the i) scope of NIO’s decision-making authority over Weineng, ii) the rights held by other investors in Weineng, iii) the remuneration in which NIO is entitled to in its affiliation with Weineng, and iv) NIO’s exposure to variability of returns from its interest in Weineng must be considered:Based on the foregoing analysis, we know that NIO’s sole decision-making authority over Weineng is limited given it only holds 19.8% equity interest with one in nine board seats in the joint venture. The two NIO executives installed in the daily operations of Weineng also do not exhibit characteristics of sole control over the joint ventures’ business.The remainder of the investment consortium over Weineng holds the remaining eight of nine board seats, and 80.2% equity interest in the joint venture. There have also been no mention of signed-over voting rights by the investment consortium to NIO in publicly disclosed information that would give NIO control over Weineng.In addition to battery sales, NIO is also entitled to service revenue earned from Weineng through service agreements. NIO earns revenue for providing “battery packmonitoring, maintenance, upgrade, replacement, IT system support, etc.” to Weineng via monthly service charges. As of the reporting year ended December 31, 2021, service revenues pertaining to the service agreements between NIO and Weineng were immaterial according to disclosures in “Note 2. Summary of Significant Accounting Policies”, section(r) Revenue recognitionin the 2021 20F.As discussed in the control assessment under criterion 2, NIO’s exposure to variability of returns in its investment in Weineng is insufficient to establish control under GAAP-based accounting.Challenging Grizzly’s Quantification of NIO’s Alleged Revenue and Profit InflationGrizzly believes NIO has inflated revenue and net income by “about 10% and 95%, respectively”, via its affiliation with Weineng. Grizzly’s calculations, as well as our skepticism, is outlined as follows:1. Frontloaded Revenue via Battery Sales to WeinengGrizzly’s accusation.As discussed in the foregoing analysis, Grizzly identified that NIO has been recognizing battery revenues pertaining to BaaS upfront via its affiliation with Weineng. Instead of recognizing BaaS revenues over time when the service performance obligation is satisfied, NIO is able to recognize 100% of battery revenues sold to customers via BaaS subscriptions through the Weineng JV. Grizzly claims that this arrangement effectively allows NIO to pull forward seven years of BaaS revenue upfront.Grizzly’s calculation of quantified impacts.Considering vehicle purchase discounts ranging RMB 70,000 (70/75 kWh battery pack) to RMB 128,000 (100 kWh battery pack) upon buyer’s subscription to BaaS, Grizzly has taken the lower end of the range (i.e. RMB 70,000) as the proxy for battery pack revenues. Based on annual BaaS subscription fees at RMB 11,760 (RMB 980/mo.) for the 70 kWh battery pack, which yields a vehicle discount of RMB 70,000 with subscription to BaaS, Grizzly has assumed a BaaS revenue recognition timeline of about seven years (i.e. RMB 70,000 discount, divided by RMB 11,760 annual BaaS subscription fee, adjusted for inflation) – we consider this a reasonable assumption.Now, as of September 30, 2021, a public regulatory filing by Weineng disclosed that it had 19,000 active BaaS subscribers. 18% of its subscription base were subscribed to the RMB 1,480/mo. 100 kWh battery pack, and 82% were subscribed to the RMB 980/mo. 70/75 kWh battery pack at the time.Grizzly’s calculation of inflated revenues and income pertaining to NIO’s sale of 19,000 BaaS-related batteries to Weineng in the nine months ending September 30, 2021 is as follows:Grizzly's Computation of Inflated Revenue and Income Pertaining to Pulled Forward BaaS Sales (Grizzly Research)As of the nine months ended September 30, 2021, NIO had generated RMB 2,796 million in revenues from the sale of batteries to Weineng (full year 2021 revenues generated from Weineng: RMB 4,138 million, 11% of total NIO 2021 revenue). Based on 19,000 active BaaS subscribers, and ownership of 40,053 battery packs owned as reported by Weineng as of September 30, 2021, Grizzly estimates that only 47% of the RMB 2,796 million in revenues generated from the sale of goods to Weineng are related to “real” BaaS sales. Essentially, Grizzly claims only RMB 1,326 million of RMB 2,796 million in sales of goods to Weineng recognized on NIO’s income statement in the nine months ended September 30, 2021 are related to real BaaS battery sales.The RMB 1,326 million pertaining to 19,000 battery packs sold to Weineng for the number of active BaaS subscribers at the time is effectively the “upfront” revenue recognized by NIO, which should have been recognized over a course of seven years instead based on the estimated performance obligation timeline discussed in earlier sections. Without Weineng, NIO would have instead had to recognize BaaS revenues related to the 19,000 subscribers over time, which is equivalent to RMB 179 million in the nine month period ending September 30, 2021. This essentially means NIO had allegedly pulled forward RMB 1,147 million in revenues related to BaaS sales in the nine months ending September 30, 2021.In the nine months ended September 30, 2021, NIO had reported total revenue of RMB 26,236 million and net losses of RMB 1,874 million. The RMB 1,147 million in pulled forward BaaS revenues represents 4% of total revenues recognized over the nine-month reporting period.To generate the “adjusted” net income that NIO would have reported had Weineng never existed, Grizzly had removed RMB 1,147 million in pulled forward revenues pertaining to BaaS sales directly from actual reported net losses of RMB 1,874 million. This accordingly yields adjusted net losses of RMB 3,021 million for the nine months ending September 30, 2021 at NIO, or a variance of 61%.Issue with Grizzly’s claim.In Grizzly’s calculation of adjusted net losses had BaaS revenue never been pulled forward at NIO via its affiliation with Weineng, the short-seller did not add back costs of sales that NIO would have recognized when it sold the battery packs to Weineng and recorded the related revenue.While profit margins on NIO’s battery pack sales to Weineng are not disclosed, Grizzly had used 20% as a proxy, which is “consistent with the margin of an entire vehicle [considering] batteries are a cost center for all vehicles”. Using the 20% profit margin proxy on 19,000 battery pack sales to Weineng totalling RMB 1,326 million in the nine months ending September 30, 2021, NIO would have recorded related cost of sales of RMB 1,060.9 million (i.e. 0.8% cost of revenues x RMB 1,326 million battery revenues recorded on the sale of 19,000 units to Weineng in the nine months ending September 30, 2021).When Grizzly removed/pulled forward BaaS revenues of RMB 1,147 million from NIO’s actual net losses of RMB 1,874 million reported in the nine months ending September 30, 2021, Grizzly should have also added back related cost of sales totalling RMB 917.6 million in determining the adjusted net income reported.Livy’s revised calculation of quantified impacts.Livy's Computation of Revenue and Income Variances Pertaining to NIO's Alleged Frontloading of BaaS Sales (Author)The above revised net income adjustment backs out alleged pulled forward BaaS revenues by NIO through its affiliation with Weineng from actual net losses reported by NIO in the nine months ending September 30, 2021. The orange-highlighted cells represent the incremental cost of sales pertaining to pulled forward BaaS revenues that should have been added back to adjusted net income in order to represent a fair representation of NIO’s adjusted net losses for the nine months ending September 30, 2021 if Weineng never existed and the EV maker had to recognize BaaS revenues over time. This adjustment accordingly reduces the variance of 61% from Grizzly’s calculation of adjusted net losses, to 12% – a material difference that, like Grizzly is accusing NIO of doing, misleads investors on the matter discussed.2. Revenues from Oversupplied Batteries to WeinengGrizzly’s accusation.Based on NIO’s revenue recognition method on BaaS sales, the number of battery packs sold to Weineng should be equivalent to the number of vehicle buyers that have subscribed to BaaS at the time of purchase. Based on 19,000 active BaaS subscribers reported by Weineng as of September 30, 2021, it is easy to assume that NIO should have only sold 19,000 battery packs to Weineng in the nine months ending September 30, 2021 as well to comply with the EV maker’s revenue recognition method on BaaS sales outlined in its 2021 20F.However, Weineng had reported ownership of 40,053 battery packs as of September 30, 2021, which exceeds its active subscriber base of 19,000 by 21,053 units. As such, Grizzly has accused NIO of intentionally overselling battery packs to Weineng to inflate revenues.While the discrepancy is indeed a question for management, Grizzly had cited that there is no need for Weineng to hold that many additional battery packs, even for operational purposes. Grizzly had gone on to explain its field work done at NIO Power Swap stations to verify that there is no difference between BaaS battery packs owned by Weineng and battery packs used in swap stations owned by NIO. However, we believe the additional field work is a moot point, considering NIO Power Swap operations are not related to Weineng. Weineng only facilitates NIO’s BaaS battery lending business, and nothing else – Grizzly did not even have to go out of its way to check on NIO’s Power Swap stations and hold conversations with sales staff at NIO’s car centers.Livy’s response.While the number of battery packs owned by Weineng should essentially be equivalent to the number of active BaaS subscribers, there is a possibility that a total of 40,053 NIO vehicle sales between 2020 when BaaS was established and September 30, 2021 had subscribed to BaaS. Perhaps, as of reporting date on September 30, 2021, there were 21,053 BaaS subscribers that have halted monthly subscriptions, which is not surprising given the third quarter is not a typical driving season, and there is a possibility that these NIO vehicle owners did not need to use their vehicles during the period.Grizzly has also supported its claim that NIO oversupplied battery packs to Weineng to intentionally inflate revenues by saying that Weineng has no storage facility to store its 21,053 excess battery packs as of September 30, 2021. However, we do not find this surprising, as BaaS subscribers that have halted monthly subscriptions might be holding onto the emptied battery packs on consignment or have returned them to a NIO servicing center where NIO has held onto these Weineng-owned battery packs on consignment. The lack of battery pack storage facility owned by Weineng does not conclude that its ownership of the excess battery packs is fraudulent and made up.There can be many reasons why a discrepancy exists between the number of active BaaS subscribers and battery packs owned by Weineng at the end of a reporting period. The above are just two assumptions that could invalidate Grizzly’s accusation (which is also an assumption). The real answer to the discrepancy can only be explained by NIO and Weineng management.Grizzly’s calculation of quantified impacts.In determining the inflated revenue and earnings specific to the allegedly oversupplied battery packs from NIO to Weineng, Grizzly had performed the following calculations:Grizzly's Computation of Revenue and Net Income Variances Pertaining to Oversupplied Batteries (Grizzly Research)In deriving the inflated revenues related to the allegedly oversupplied battery packs, Grizzly had determined the percentage of battery packs owned by Weineng as of September 30, 2021 that were in excess to its active subscriber base as 53% (i.e. 21,053 excess battery packs, divided by 40,053 battery packs owned by Weineng as of September 30, 2021). The percentage was applied to total revenue recognized by NIO pertaining to the sale of battery packs to Weineng in the nine months ending September 30, 2021, resulting in oversold battery revenues of RMB 1,470 million (i.e. 53% oversold batteries x RMB 2,796 million in related party revenues from Weineng recorded by NIO for the nine months ending September 30, 2021).In the nine months ended September 30, 2021, NIO had reported total revenue of RMB 26,236 million and net losses of RMB 1,874 million. The RMB 1,470 million in oversold battery revenue represents 6% of total NIO revenues recognized over the nine-month reporting period.Considering Grizzly’s 20% profit margin assumption on battery pack sales as discussed in earlier sections, the oversold battery packs to Weineng would have generated net income of RMB 294 million in the nine months ending September 30, 2021. As such, backing out RMB 294 million in overstated profits back to NIO’s actual reported net losses of RMB 1,874 million in the nine-month period ending September 30, 2021 would have yield adjusted net losses of RMB 2,168 million, representing a variance of 16%.We have no issues with this calculation performed by Grizzly, other than concerns over the short-seller’s claims that these 20,053 battery packs were intentionally “oversold” by NIO to Weineng to artificially boost revenues.3. Shifting Depreciation CostsGrizzly’s Accusations.Grizzly has accused NIO of indirectly shifting depreciation costs on the battery packs sold to Weineng, saving the EV maker north of RMB 336 million in depreciation expense on an annual basis.Specifically, Grizzly has assumed a 20% profit margin on NIO’s battery sales totalling RMB 2,796 million generated from Weineng in the nine months ending September 30, 2021. This represents battery assets valued at a cost basis of RMB 2.25 billion (i.e. 80% cost x RMB 2,796 in battery sales to Weineng, adjusted for minor rounding differences) removed from the EV maker’s balance sheet over the same period.Based on the five to eight years useful life attributable to equipment, including battery packs, used in NIO’s Power Swap business as disclosed in its 2021 20F, Grizzly has assumed an annual depreciation rate of about 15% on the battery packs sold to Weineng and removed from NIO’s balance sheet in the nine months ending September 30, 2021. This is consistent with the assumed BaaS revenue recognition timeline of about seven years as discussed in earlier sections. As such, Grizzly has accused NIO of avoiding depreciation costs of RMB 336 million (i.e. 15% battery depreciation rate x RMB 2,796 million in battery pack sales to Weineng) in the nine months ending September 30, 2021. The short-seller has also alluded to the RMB 336 million as a proxy for annual depreciation costs that NIO has avoided via its arrangement with Weineng.Issue with Grizzly’s claim.There are two folds to this situation:1. BaaS Business Model:Under the BaaS business model, the battery packs are considered equipment used in facilitating a service business. As such, the related battery packs would be subjected to depreciation over its useful life. In NIO’s case, if Weineng never existed and the EV maker consolidates its BaaS business, NIO would have had to recognized BaaS revenues pertaining to the 19,000 battery packs that Grizzly has attributed to the BaaS business over seven years, and accordingly record depreciation costs on these battery packs as well over their useful lives of about seven years. As mentioned in earlier sections, the related journal entries under the BaaS business model is as follows:Journal Entries for BaaS Business Model (Author)2. Battery Sales Business Model:in the current situation where NIO has sold the battery packs to Weineng, the battery packs are considered inventory to NIO. There is no depreciation costs related to inventory under GAAP-based accounting. Instead, NIO needs to record the costs of this inventory when they are removed from its balance sheet once the sale is recognized. As mentioned in earlier sections, the related journal entries under the battery sale business model is as follows:Journal Entries for Battery Sales Business Model (Author)Now, in NIO’s current actual situation, it is engaged in a battery sales business model under its performance obligation to Weineng, while Weineng is engaged in a BaaS business model under its performance obligation to BaaS subscribers.As discussed in our first challenge to Grizzly’s calculations pertaining to pulled forward revenue on BaaS battery sales to Weineng, NIO would have recorded costs of sales pertaining to the sold battery inventory when it recognized the related revenues. And this cost of sales number, based on a 20% profit margin assumption consistent with that used by Grizzly, would have accounted for the costs of battery inventory removed from NIO’s balance sheet upon completion of the sale to Weineng. This is consistent with Grizzly’s own calculation pertaining to profit margins on the battery packs that it alleges NIO had oversupplied to Weineng, which is inclusive of cost of sales related to written off inventory incurred by NIO upon recognition of related revenues.If NIO was engaged in the BaaS business model itself, without the intervention of Weineng, it would have recognized depreciation at a rate of 15% per year on the battery packs. However, under the upfront sale of related battery packs to Weineng, NIO would have recorded related cost of sales at an upfront rate of 80% as well. So basically, instead of recording revenues and depreciation costs on battery packs over time, NIO essentially recorded revenues and battery inventory costs upfront under its current arrangement with Weineng.Grizzly’s calculation of quantified impacts.Grizzly’s accusation that NIO has overstated revenues and earnings by 10% and 95%, respectively, through its affiliation with Weineng is calculated as follows:Grizzly's Computation of Total Revenue and Income Inflation (Grizzly Research)As discussed in earlier sections, NIO’s pulled forward BaaS revenues and inflated battery sales revenues via its affiliation with Weineng represent 4% and 6% of its total revenues, respectively, recognized in the nine months ending September 30, 2021. This represents the 10% in inflated NIO revenues as Grizzly has outlined in the above calculation.Livy’s revised calculation of quantified impacts.While we have yet to reconcile the RMB 1,777 million in total inflated net income that Grizzly has accused NIO of recognizing (please let us know in comments if you know), we believe the 95% variance identified by Grizzly is not a fair presentation of the quantified impact of its core short thesis.Our calculation of the quantified impact pertaining to Grizzly’s accusations that NIO has inflated revenue and earnings through (1) pulling forward BaaS sales, and (2) oversupplying batteries to Weineng, is as follows:Livy's Computation of Alleged Overstatements Related to Alleged Frontloading of BaaS Revenue (Author)Livy's Computation of Alleged Overstatements Pertaining to Alleged Overselling of Battery Supplies (Author)Livy's Computation of Alleged Revenue Overstatement (Author)Livy's Computation of Alleged Overstatement in Net Income (Author)Under Grizzly’s accusations of inflated revenue and earnings by NIO through its affiliation with Weineng, if found valid (which we remain skeptical of), NIO would have overstated net losses in the nine months ending September 30, 2021 by 28% instead of the 95% that Grizzly alleges – a material difference that again misleads investors on the estimated quantified impact pertaining to the accusations claimed by the short-seller. The net income variance of RMB 523 million ($78 million) found in our calculation is also immaterial (< 1%) based on NIO’s market value of $58.38 billion as of September 30, 2021 and NIO’s market value of approximately $35 billion today.Final ThoughtsAs discussed in the introduction of this analysis, Grizzly had also touched on things like NIO CEO Li’s association with fraudulent personnel, the pledge of NIO User Trust to UBS AG, and conflict of interests to further support its argument that NIO is engaged in fraudulent financial reporting. However, these are groundless allegations that have yet to be substantiated to infer Li is committing fraud via NIO’s operations. While investors should always exercise professional skepticism on publicly disclosed information in regulatory filings when making investment decisions, the same skepticism should also be placed on external claims – such as those by the short-seller, commentary by external sources, and/or even commentary herein – especially if they argue that correlation = causation (e.g. Grizzly’s method in inferring that fraud at NIO is substantiated given “dirt” it has dug up on Li’s past).While we agree that there are some good takeaways from the short-seller report that may require further clarification from management, it is important to recognize and acknowledge that a lot of it might also be misleading – or in the words of Grizzly, “exaggerated”. This is also consistent with NIO’s stock performance during Tuesday and Wednesday’s session following release of the short-seller report. The stock has largely moved in consistency with the ongoing market rout, and broad-based selloff across the EV sector, with no extreme deviation due to the negative headline from Grizzly, which indicates that market participants, especially significant shareholders in NIO, are still digesting the latest external allegations.At the end of the day, NIO remains one of the most viable EV businesses in the emerging sector, with continued demand for its vehicles to support further growth over the long-run. Unlike some of the upstarts in the increasingly competitive EV landscape that have been accused of fraud, such as Nikola (NKLA), Lordstown Motors (RIDE), and Faraday Future (FFIE), NIO already operates a global business with a substantiated vehicle order book to support the bulk of its top- and bottom-line expansion, which continues to support its positive valuation prospects ahead.This article was written by Livy Investment Research","news_type":1},"isVote":1,"tweetType":1,"viewCount":36,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838528956,"gmtCreate":1629420277275,"gmtModify":1676530033554,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/838528956","repostId":"2160915795","repostType":4,"repost":{"id":"2160915795","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1629413939,"share":"https://ttm.financial/m/news/2160915795?lang=&edition=fundamental","pubTime":"2021-08-20 06:58","market":"us","language":"en","title":"S&P 500 ends with slim gain as tech strength offsets cyclical woes","url":"https://stock-news.laohu8.com/highlight/detail?id=2160915795","media":"Reuters","summary":"* Energy sector worst performer, materials weak\n* Macy's, Kohl's rise on hiking annual guidance\n* U.","content":"<p>* Energy sector worst performer, materials weak</p>\n<p>* Macy's, Kohl's rise on hiking annual guidance</p>\n<p>* U.S. weekly jobless claims hit 17-month low</p>\n<p>* Dow down 0.19%, S&amp;P up 0.13%, Nasdaq up 0.11%</p>\n<p>Aug 19 (Reuters) - The S&amp;P 500 ended modestly higher in a choppy session on Thursday, with gains in tech shares countering losses in cyclical sectors, as investors took the pulse of the economic rebound and gauged when the Federal Reserve might temper its monetary stimulus.</p>\n<p>Tech also supported the Nasdaq, while economically sensitive sectors such as energy and materials were particularly weak.</p>\n<p>Data showed that the number of Americans filing new claims for unemployment benefits fell to a 17-month low last week, pointing to another month of robust job growth.</p>\n<p>Stocks had sold off sharply a day earlier after minutes from the Fed's July meeting showed officials felt it was possible that a key benchmark for decreasing support \"could be reached this year.\"</p>\n<p>\"It’s very much investors grappling with the growth outlook for the global economy, and how aggressive the Fed will taper when they get around to it,” said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago.</p>\n<p>The Dow Jones Industrial Average fell 66.57 points, or 0.19%, to 34,894.12, the S&amp;P 500 gained 5.53 points, or 0.13%, to 4,405.8 and the Nasdaq Composite added 15.87 points, or 0.11%, to 14,541.79.</p>\n<p>After opening sharply lower, the benchmark S&amp;P 500 erased its declines while swinging between gains and losses during the session.</p>\n<p>\"Money on the sidelines ... was deployed into the market on weakness, and that has been a tale of the markets for the past six to 12 months,\" said Jeff Mortimer, director of investment strategy at BNY Mellon Wealth Management.</p>\n<p>Technology shined among S&amp;P 500 sectors, rising 1%, helped by a 4% gain for shares of Nvidia Corp. The chip company forecast third-quarter revenue above Wall Street expectations late on Wednesday as it benefits from a boom in demand.</p>\n<p>Consumer staples and real estate - generally considered defensive sectors - both rose about 0.9%.</p>\n<p>Financials and industrials were among the sectors in the red, falling about 0.8% each.</p>\n<p>In company news, shares of U.S. department store chains Macy's Inc and Kohl's Corp rose 19.6% and 7.3%, respectively, following increased annual sales forecasts.</p>\n<p>A rebound in the U.S. economy including a stellar second-quarter corporate earnings season on top of accommodative monetary policy has underpinned positive sentiment for equities, with the S&amp;P 500 up about 100% since its March 2020 pandemic low.</p>\n<p>But with the market in a period that has seasonally been weak historically, investors have said stocks may be due for a significant drop, with the S&amp;P 500 yet to experience a 5% pullback this year.</p>\n<p>Focus is shifting to the Fed's annual research conference in Jackson Hole, Wyoming, next week for any read about the central bank's next steps.</p>\n<p>“The key economic variable continues to be inflation,\" Mortimer said. \"Is it temporary, is it permanent, what number will the Fed tolerate in order to achieve its full employment mandate?”</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 2.59-to-1 ratio; on Nasdaq, a 2.43-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 28 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 35 new highs and 274 new lows.</p>\n<p>About 10.3 billion shares changed hands in U.S. exchanges, above the 9.3 billion daily average over the last 20 sessions.</p>","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>S&P 500 ends with slim gain as tech strength offsets cyclical woes</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; 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}\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\">\nS&P 500 ends with slim gain as tech strength offsets cyclical woes\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-20 06:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Energy sector worst performer, materials weak</p>\n<p>* Macy's, Kohl's rise on hiking annual guidance</p>\n<p>* U.S. weekly jobless claims hit 17-month low</p>\n<p>* Dow down 0.19%, S&amp;P up 0.13%, Nasdaq up 0.11%</p>\n<p>Aug 19 (Reuters) - The S&amp;P 500 ended modestly higher in a choppy session on Thursday, with gains in tech shares countering losses in cyclical sectors, as investors took the pulse of the economic rebound and gauged when the Federal Reserve might temper its monetary stimulus.</p>\n<p>Tech also supported the Nasdaq, while economically sensitive sectors such as energy and materials were particularly weak.</p>\n<p>Data showed that the number of Americans filing new claims for unemployment benefits fell to a 17-month low last week, pointing to another month of robust job growth.</p>\n<p>Stocks had sold off sharply a day earlier after minutes from the Fed's July meeting showed officials felt it was possible that a key benchmark for decreasing support \"could be reached this year.\"</p>\n<p>\"It’s very much investors grappling with the growth outlook for the global economy, and how aggressive the Fed will taper when they get around to it,” said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago.</p>\n<p>The Dow Jones Industrial Average fell 66.57 points, or 0.19%, to 34,894.12, the S&amp;P 500 gained 5.53 points, or 0.13%, to 4,405.8 and the Nasdaq Composite added 15.87 points, or 0.11%, to 14,541.79.</p>\n<p>After opening sharply lower, the benchmark S&amp;P 500 erased its declines while swinging between gains and losses during the session.</p>\n<p>\"Money on the sidelines ... was deployed into the market on weakness, and that has been a tale of the markets for the past six to 12 months,\" said Jeff Mortimer, director of investment strategy at BNY Mellon Wealth Management.</p>\n<p>Technology shined among S&amp;P 500 sectors, rising 1%, helped by a 4% gain for shares of Nvidia Corp. The chip company forecast third-quarter revenue above Wall Street expectations late on Wednesday as it benefits from a boom in demand.</p>\n<p>Consumer staples and real estate - generally considered defensive sectors - both rose about 0.9%.</p>\n<p>Financials and industrials were among the sectors in the red, falling about 0.8% each.</p>\n<p>In company news, shares of U.S. department store chains Macy's Inc and Kohl's Corp rose 19.6% and 7.3%, respectively, following increased annual sales forecasts.</p>\n<p>A rebound in the U.S. economy including a stellar second-quarter corporate earnings season on top of accommodative monetary policy has underpinned positive sentiment for equities, with the S&amp;P 500 up about 100% since its March 2020 pandemic low.</p>\n<p>But with the market in a period that has seasonally been weak historically, investors have said stocks may be due for a significant drop, with the S&amp;P 500 yet to experience a 5% pullback this year.</p>\n<p>Focus is shifting to the Fed's annual research conference in Jackson Hole, Wyoming, next week for any read about the central bank's next steps.</p>\n<p>“The key economic variable continues to be inflation,\" Mortimer said. \"Is it temporary, is it permanent, what number will the Fed tolerate in order to achieve its full employment mandate?”</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 2.59-to-1 ratio; on Nasdaq, a 2.43-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 28 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 35 new highs and 274 new lows.</p>\n<p>About 10.3 billion shares changed hands in U.S. exchanges, above the 9.3 billion daily average over the last 20 sessions.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","OEX":"标普100",".DJI":"道琼斯","IVV":"标普500指数ETF",".IXIC":"NASDAQ Composite","SDS":"两倍做空标普500ETF","SSO":"两倍做多标普500ETF","SPY":"标普500ETF","UPRO":"三倍做多标普500ETF","SH":"标普500反向ETF","OEF":"标普100指数ETF-iShares","SPXU":"三倍做空标普500ETF",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160915795","content_text":"* Energy sector worst performer, materials weak\n* Macy's, Kohl's rise on hiking annual guidance\n* U.S. weekly jobless claims hit 17-month low\n* Dow down 0.19%, S&P up 0.13%, Nasdaq up 0.11%\nAug 19 (Reuters) - The S&P 500 ended modestly higher in a choppy session on Thursday, with gains in tech shares countering losses in cyclical sectors, as investors took the pulse of the economic rebound and gauged when the Federal Reserve might temper its monetary stimulus.\nTech also supported the Nasdaq, while economically sensitive sectors such as energy and materials were particularly weak.\nData showed that the number of Americans filing new claims for unemployment benefits fell to a 17-month low last week, pointing to another month of robust job growth.\nStocks had sold off sharply a day earlier after minutes from the Fed's July meeting showed officials felt it was possible that a key benchmark for decreasing support \"could be reached this year.\"\n\"It’s very much investors grappling with the growth outlook for the global economy, and how aggressive the Fed will taper when they get around to it,” said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago.\nThe Dow Jones Industrial Average fell 66.57 points, or 0.19%, to 34,894.12, the S&P 500 gained 5.53 points, or 0.13%, to 4,405.8 and the Nasdaq Composite added 15.87 points, or 0.11%, to 14,541.79.\nAfter opening sharply lower, the benchmark S&P 500 erased its declines while swinging between gains and losses during the session.\n\"Money on the sidelines ... was deployed into the market on weakness, and that has been a tale of the markets for the past six to 12 months,\" said Jeff Mortimer, director of investment strategy at BNY Mellon Wealth Management.\nTechnology shined among S&P 500 sectors, rising 1%, helped by a 4% gain for shares of Nvidia Corp. The chip company forecast third-quarter revenue above Wall Street expectations late on Wednesday as it benefits from a boom in demand.\nConsumer staples and real estate - generally considered defensive sectors - both rose about 0.9%.\nFinancials and industrials were among the sectors in the red, falling about 0.8% each.\nIn company news, shares of U.S. department store chains Macy's Inc and Kohl's Corp rose 19.6% and 7.3%, respectively, following increased annual sales forecasts.\nA rebound in the U.S. economy including a stellar second-quarter corporate earnings season on top of accommodative monetary policy has underpinned positive sentiment for equities, with the S&P 500 up about 100% since its March 2020 pandemic low.\nBut with the market in a period that has seasonally been weak historically, investors have said stocks may be due for a significant drop, with the S&P 500 yet to experience a 5% pullback this year.\nFocus is shifting to the Fed's annual research conference in Jackson Hole, Wyoming, next week for any read about the central bank's next steps.\n“The key economic variable continues to be inflation,\" Mortimer said. \"Is it temporary, is it permanent, what number will the Fed tolerate in order to achieve its full employment mandate?”\nDeclining issues outnumbered advancing ones on the NYSE by a 2.59-to-1 ratio; on Nasdaq, a 2.43-to-1 ratio favored decliners.\nThe S&P 500 posted 28 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 35 new highs and 274 new lows.\nAbout 10.3 billion shares changed hands in U.S. exchanges, above the 9.3 billion daily average over the last 20 sessions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9026897999,"gmtCreate":1653352661111,"gmtModify":1676535265636,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026897999","repostId":"2237261368","repostType":4,"repost":{"id":"2237261368","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1653337878,"share":"https://ttm.financial/m/news/2237261368?lang=&edition=fundamental","pubTime":"2022-05-24 04:31","market":"us","language":"en","title":"US STOCKS-Wall Street Rallies on Back of Big Tech, Banks","url":"https://stock-news.laohu8.com/highlight/detail?id=2237261368","media":"Reuters","summary":"JPMorgan Chase upbeat interest income outlook boosts banksBroadcom shares fall on potential VMware buyoutIndexes up: Dow 1.98%, S&P 1.86%, Nasdaq 1.59%U.S. stocks ended higher on Monday as gains from ","content":"<html><head></head><body><ul><li>JPMorgan Chase upbeat interest income outlook boosts banks</li><li>Broadcom shares fall on potential VMware buyout</li><li>Indexes up: Dow 1.98%, S&amp;P 1.86%, Nasdaq 1.59%</li></ul><p>U.S. stocks ended higher on Monday as gains from banks and a rebound in market-leading tech shares supported a broad-based rally following Wall Street&#39;s longest streak of weekly declines since the dotcom bust more than 20 years ago.</p><p>All three major U.S. stock indexes advanced between 1.6% and 2.0%, with the heftiest boost coming from rebounding megacap tech stocks Apple Inc and Microsoft Corp.</p><p>Interest rate-sensitive banks jumped 5.1% after the largest U.S. lender, JPMorgan Chase &amp; Co raised its current year interest income outlook.</p><p>JPMorgan Chase&#39;s stock surged 6.2%.</p><p>&#34;It feels like a relief rally more than a fundamental change in investor sentiments,&#34; said Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. &#34;Investors as a whole feel like there&#39;s another shoe to drop and they&#39;re probably right in the short term.&#34;</p><p>On Friday, the S&amp;P 500 closed 18.7% below its record closing high reached on Jan. 3. If the benchmark index closes 20% or more below that record, it will confirm it has been in a bear market since then.</p><p>Markets have been roiled in recent weeks by worries about persistently high inflation and aggressive attempts by the Federal Reserve to rein it in while the global economy copes with fallout from Russia&#39;s invasion of Ukraine.</p><p>&#34;Today it would appear the market is less fearful over the inflation factor and the Fed being able to orchestrate a soft landing so to speak,&#34; said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.</p><p>But &#34;the bias is still to the downside,&#34; Carlson added.</p><p>The Dow Jones Industrial Average rose 618.34 points, or 1.98%, to 31,880.24, the S&amp;P 500 gained 72.39 points, or 1.86%, to 3,973.75 and the Nasdaq Composite added 180.66 points, or 1.59%, to 11,535.28.</p><p>The Fed will give investors a hint of its state of mind on Wednesday, when it releases minutes from its latest policy meeting.</p><p>Economic indicators this week might lend further support to the notion that inflation peaked in March, and show whether high prices have hurt consumer spending power.</p><p>All 11 major sectors of the S&amp;P 500 ended the session green, with financials enjoying the largest percentage gain, advancing 3.2%</p><p>First-quarter reporting season is nearly a wrap, with 474 of companies in the S&amp;P 500 having posted results. Of those, 78% beat expectations, according to Refinitiv.</p><p>Looking ahead, current quarter pre-announcements are generally pessimistic, with 59 negative projections and 32 positive, compared with the year-ago quarter&#39;s 37 negative and 52 positive, per Refinitiv.</p><p>Shares of VMWare Inc surged 24.8% following reports over the weekend that chipmaker Broadcom Inc was in talks to acquire the cloud service provider. Broadcom dropped 3.1%.</p><p>U.S.-listed shares of Chinese ride-hailing app Didi Global dropped 4.0% after shareholders voted in favor of de-listing from the New York Stock Exchange.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 2.43-to-1 ratio; on Nasdaq, a 1.44-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted one new 52-week high and 31 new lows; the Nasdaq Composite recorded 27 new highs and 142 new lows.</p><p>Volume on U.S. exchanges was 10.93 billion shares, compared with the 13.36 billion average over the last 20 trading days.</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>US STOCKS-Wall Street Rallies on Back of Big Tech, Banks</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; 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}\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\">\nUS STOCKS-Wall Street Rallies on Back of Big Tech, Banks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-05-24 04:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>JPMorgan Chase upbeat interest income outlook boosts banks</li><li>Broadcom shares fall on potential VMware buyout</li><li>Indexes up: Dow 1.98%, S&amp;P 1.86%, Nasdaq 1.59%</li></ul><p>U.S. stocks ended higher on Monday as gains from banks and a rebound in market-leading tech shares supported a broad-based rally following Wall Street&#39;s longest streak of weekly declines since the dotcom bust more than 20 years ago.</p><p>All three major U.S. stock indexes advanced between 1.6% and 2.0%, with the heftiest boost coming from rebounding megacap tech stocks Apple Inc and Microsoft Corp.</p><p>Interest rate-sensitive banks jumped 5.1% after the largest U.S. lender, JPMorgan Chase &amp; Co raised its current year interest income outlook.</p><p>JPMorgan Chase&#39;s stock surged 6.2%.</p><p>&#34;It feels like a relief rally more than a fundamental change in investor sentiments,&#34; said Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. &#34;Investors as a whole feel like there&#39;s another shoe to drop and they&#39;re probably right in the short term.&#34;</p><p>On Friday, the S&amp;P 500 closed 18.7% below its record closing high reached on Jan. 3. If the benchmark index closes 20% or more below that record, it will confirm it has been in a bear market since then.</p><p>Markets have been roiled in recent weeks by worries about persistently high inflation and aggressive attempts by the Federal Reserve to rein it in while the global economy copes with fallout from Russia&#39;s invasion of Ukraine.</p><p>&#34;Today it would appear the market is less fearful over the inflation factor and the Fed being able to orchestrate a soft landing so to speak,&#34; said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.</p><p>But &#34;the bias is still to the downside,&#34; Carlson added.</p><p>The Dow Jones Industrial Average rose 618.34 points, or 1.98%, to 31,880.24, the S&amp;P 500 gained 72.39 points, or 1.86%, to 3,973.75 and the Nasdaq Composite added 180.66 points, or 1.59%, to 11,535.28.</p><p>The Fed will give investors a hint of its state of mind on Wednesday, when it releases minutes from its latest policy meeting.</p><p>Economic indicators this week might lend further support to the notion that inflation peaked in March, and show whether high prices have hurt consumer spending power.</p><p>All 11 major sectors of the S&amp;P 500 ended the session green, with financials enjoying the largest percentage gain, advancing 3.2%</p><p>First-quarter reporting season is nearly a wrap, with 474 of companies in the S&amp;P 500 having posted results. Of those, 78% beat expectations, according to Refinitiv.</p><p>Looking ahead, current quarter pre-announcements are generally pessimistic, with 59 negative projections and 32 positive, compared with the year-ago quarter&#39;s 37 negative and 52 positive, per Refinitiv.</p><p>Shares of VMWare Inc surged 24.8% following reports over the weekend that chipmaker Broadcom Inc was in talks to acquire the cloud service provider. Broadcom dropped 3.1%.</p><p>U.S.-listed shares of Chinese ride-hailing app Didi Global dropped 4.0% after shareholders voted in favor of de-listing from the New York Stock Exchange.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 2.43-to-1 ratio; on Nasdaq, a 1.44-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted one new 52-week high and 31 new lows; the Nasdaq Composite recorded 27 new highs and 142 new lows.</p><p>Volume on U.S. exchanges was 10.93 billion shares, compared with the 13.36 billion average over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AVGO":"博通","BK4553":"喜马拉雅资本持仓","BK4554":"元宇宙及AR概念","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","DOG":"道指反向ETF","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念","BK4566":"资本集团","BK4525":"远程办公概念","UDOW":"道指三倍做多ETF-ProShares","BK4515":"5G概念",".DJI":"道琼斯","BK4535":"淡马锡持仓","JPM":"摩根大通","BK4577":"网络游戏","BK4501":"段永平概念","BK4538":"云计算","BK4559":"巴菲特持仓","BK4579":"人工智能","QID":"纳指两倍做空ETF","BK4527":"明星科技股","MSFT":"微软","BK4550":"红杉资本持仓","BK4141":"半导体产品","BK4503":"景林资产持仓","BK4574":"无人驾驶","BK4207":"综合性银行","BK4551":"寇图资本持仓","AAPL":"苹果","BK4573":"虚拟现实","BK4505":"高瓴资本持仓","VMW":"威睿","BK4581":"高盛持仓","DJX":"1/100道琼斯","DXD":"道指两倍做空ETF","QLD":"纳指两倍做多ETF","PSQ":"纳指反向ETF","BK4548":"巴美列捷福持仓","BK4170":"电脑硬件、储存设备及电脑周边","DDM":"道指两倍做多ETF","SDOW":"道指三倍做空ETF-ProShares","BK4528":"SaaS概念","BK4532":"文艺复兴科技持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2237261368","content_text":"JPMorgan Chase upbeat interest income outlook boosts banksBroadcom shares fall on potential VMware buyoutIndexes up: Dow 1.98%, S&P 1.86%, Nasdaq 1.59%U.S. stocks ended higher on Monday as gains from banks and a rebound in market-leading tech shares supported a broad-based rally following Wall Street's longest streak of weekly declines since the dotcom bust more than 20 years ago.All three major U.S. stock indexes advanced between 1.6% and 2.0%, with the heftiest boost coming from rebounding megacap tech stocks Apple Inc and Microsoft Corp.Interest rate-sensitive banks jumped 5.1% after the largest U.S. lender, JPMorgan Chase & Co raised its current year interest income outlook.JPMorgan Chase's stock surged 6.2%.\"It feels like a relief rally more than a fundamental change in investor sentiments,\" said Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. \"Investors as a whole feel like there's another shoe to drop and they're probably right in the short term.\"On Friday, the S&P 500 closed 18.7% below its record closing high reached on Jan. 3. If the benchmark index closes 20% or more below that record, it will confirm it has been in a bear market since then.Markets have been roiled in recent weeks by worries about persistently high inflation and aggressive attempts by the Federal Reserve to rein it in while the global economy copes with fallout from Russia's invasion of Ukraine.\"Today it would appear the market is less fearful over the inflation factor and the Fed being able to orchestrate a soft landing so to speak,\" said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.But \"the bias is still to the downside,\" Carlson added.The Dow Jones Industrial Average rose 618.34 points, or 1.98%, to 31,880.24, the S&P 500 gained 72.39 points, or 1.86%, to 3,973.75 and the Nasdaq Composite added 180.66 points, or 1.59%, to 11,535.28.The Fed will give investors a hint of its state of mind on Wednesday, when it releases minutes from its latest policy meeting.Economic indicators this week might lend further support to the notion that inflation peaked in March, and show whether high prices have hurt consumer spending power.All 11 major sectors of the S&P 500 ended the session green, with financials enjoying the largest percentage gain, advancing 3.2%First-quarter reporting season is nearly a wrap, with 474 of companies in the S&P 500 having posted results. Of those, 78% beat expectations, according to Refinitiv.Looking ahead, current quarter pre-announcements are generally pessimistic, with 59 negative projections and 32 positive, compared with the year-ago quarter's 37 negative and 52 positive, per Refinitiv.Shares of VMWare Inc surged 24.8% following reports over the weekend that chipmaker Broadcom Inc was in talks to acquire the cloud service provider. Broadcom dropped 3.1%.U.S.-listed shares of Chinese ride-hailing app Didi Global dropped 4.0% after shareholders voted in favor of de-listing from the New York Stock Exchange.Advancing issues outnumbered declining ones on the NYSE by a 2.43-to-1 ratio; on Nasdaq, a 1.44-to-1 ratio favored advancers.The S&P 500 posted one new 52-week high and 31 new lows; the Nasdaq Composite recorded 27 new highs and 142 new lows.Volume on U.S. exchanges was 10.93 billion shares, compared with the 13.36 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":37,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9029882082,"gmtCreate":1652753562346,"gmtModify":1676535155530,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9029882082","repostId":"1114289990","repostType":4,"repost":{"id":"1114289990","pubTimestamp":1652747214,"share":"https://ttm.financial/m/news/1114289990?lang=&edition=fundamental","pubTime":"2022-05-17 08:26","market":"us","language":"en","title":"LUNA Crypto: Where Do Things Stand After Terra’s Stablecoin Failure?","url":"https://stock-news.laohu8.com/highlight/detail?id=1114289990","media":"investorplace","summary":"Terra(LUNA-USD) developers are picking up the pieces after the network’s near total collapse last we","content":"<html><head></head><body><ul><li><b>Terra</b>(<b>LUNA-USD</b>) developers are picking up the pieces after the network’s near total collapse last week</li><li>Community proposals are cropping up, aiming to right the ecosystem and allow LUNA to rebuild</li><li>The Luna Foundation Guard (LFG) is clarifying the state of its reserves, which are now nearly empty</li></ul><p><img src=\"https://static.tigerbbs.com/ae9916c23f2f928ab45c1902098e97c8\" tg-width=\"1600\" tg-height=\"900\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Source: David Sandron / Shutterstock.com</p><p>The last week in cryptocurrency is certainly going to be one for the history books. The LUNA crypto saw perhaps the most dramatic collapse ever, with prices plummeting nearly 100%. The coin serves as a bleak reminder of just how quickly projects can turn sour.</p><p>But developers are not giving up yet: The project’s leads are turning to community proposals once again to right the wrongs that led to this point. Moreover, they are providing updates on LFG’s crypto reserves.</p><p>To quickly recap, Terrafell apart last weekafter its stablecoin <b>TerraUSD</b>(<b>UST-USD</b>) lost its $1 peg. The algorithmic stablecoin is supposed to automatically fluctuate in supply as a way to keep prices at $1. Unfortunately, this did not work, and UST prices spiraled. This in turn affects LUNA, since it is an integral part of the UST algorithm and the main token on the Terra network. The de-pegging turned into a rapid plunge for both coins. As it stands now, UST is trading at about 10 cents and LUNA dropped from nearly $80 to less than a half of 1 cent.</p><h2>LUNA Crypto Turnaround Plans Heat Up</h2><p>In the wake of the disaster, users have lots of questions. Most notably, they want to know what happened to the billions of dollars worth of crypto assets in the LFG’s reserve wallet. They also want to know what’s next for the LUNA crypto. Luckily, they are getting at least some answers this week.</p><p>The LFG, an organization that oversees development of the Terra network, posted a Twitter thread this morningdetailing its reserve balance. This reserve, which cropped up in early 2022 after a separate UST de-pegging, is comprised of billions of dollars in assets. It includes a stash of over 80,000 <b>Bitcoin</b>(<b><u>BTC-USD</u></b>). Accumulated for the purpose of deploying in case of emergency, developers seem to have put nearly the entire portfolio into action to little effect.</p><p>According to this report, the LFG deployed over 99% of its Bitcoin, a stash of 80,394. 46,876 BTC went to a “professional market maker.” This market maker then deployed the Bitcoin on behalf of LFG to buy up UST. The LFG sold another 33,206 Bitcoin to buy even more UST later last week,bringing total BTC reserves to just 313.</p><p>Thanks to this data, we can see just how many resources the LFG threw at the LUNA crypto. Interestingly enough, the reserve also holds large amounts of <b>Binance</b>(<b><u>BNB-USD</u></b>) and <b>Avalanche</b>(<b><u>AVAX-USD</u></b>). It did not sell any of these BNB or AVAX holdings.</p><p>Last week, theprice of AVAX fell steeplyas investors anticipated a dump of the $100 million stash the LFG held.</p><h2>What’s Next for LUNA? Developers Prepare to Reimburse Holders.</h2><p>In the wake of the meltdown, it seems that developers are going to put the most affected LUNA crypto holders at the forefront of the rebuild. The LFG is going to compensate small holders after their investments shrank to nearly $0.</p><p>Alongside its reserves report, Terra developers say they are working on a plan toredistribute the remaining LFG funds to users, from smallest wallets upward. It does not yet have a detailed plan in the works for how this reimbursement will occur.</p><blockquote>10/ The Foundation is looking to use its remaining assets to compensate remaining users of$UST, smallest holders first.</blockquote><blockquote>We are still debating through various distribution methods, updates to follow soon.</blockquote><blockquote>— LFG | Luna Foundation Guard (@LFG_org)May 16, 2022</blockquote><p>Moreover, founder Do Kwon revealed plans to rebuild Terra through his“Terra Revival Plan.”This plan includes a massive redistribution of tokens as well as a community pool which will fund further Terra development.</p><p>It will be interesting to watch the network rebuild from this point forward.</p></body></html>","source":"lsy1606302653667","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>LUNA Crypto: Where Do Things Stand After Terra’s Stablecoin Failure?</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; 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}\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\">\nLUNA Crypto: Where Do Things Stand After Terra’s Stablecoin Failure?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-17 08:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/05/luna-crypto-where-do-things-stand-after-terras-stablecoin-failure/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Terra(LUNA-USD) developers are picking up the pieces after the network’s near total collapse last weekCommunity proposals are cropping up, aiming to right the ecosystem and allow LUNA to rebuildThe ...</p>\n\n<a href=\"https://investorplace.com/2022/05/luna-crypto-where-do-things-stand-after-terras-stablecoin-failure/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://investorplace.com/2022/05/luna-crypto-where-do-things-stand-after-terras-stablecoin-failure/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114289990","content_text":"Terra(LUNA-USD) developers are picking up the pieces after the network’s near total collapse last weekCommunity proposals are cropping up, aiming to right the ecosystem and allow LUNA to rebuildThe Luna Foundation Guard (LFG) is clarifying the state of its reserves, which are now nearly emptySource: David Sandron / Shutterstock.comThe last week in cryptocurrency is certainly going to be one for the history books. The LUNA crypto saw perhaps the most dramatic collapse ever, with prices plummeting nearly 100%. The coin serves as a bleak reminder of just how quickly projects can turn sour.But developers are not giving up yet: The project’s leads are turning to community proposals once again to right the wrongs that led to this point. Moreover, they are providing updates on LFG’s crypto reserves.To quickly recap, Terrafell apart last weekafter its stablecoin TerraUSD(UST-USD) lost its $1 peg. The algorithmic stablecoin is supposed to automatically fluctuate in supply as a way to keep prices at $1. Unfortunately, this did not work, and UST prices spiraled. This in turn affects LUNA, since it is an integral part of the UST algorithm and the main token on the Terra network. The de-pegging turned into a rapid plunge for both coins. As it stands now, UST is trading at about 10 cents and LUNA dropped from nearly $80 to less than a half of 1 cent.LUNA Crypto Turnaround Plans Heat UpIn the wake of the disaster, users have lots of questions. Most notably, they want to know what happened to the billions of dollars worth of crypto assets in the LFG’s reserve wallet. They also want to know what’s next for the LUNA crypto. Luckily, they are getting at least some answers this week.The LFG, an organization that oversees development of the Terra network, posted a Twitter thread this morningdetailing its reserve balance. This reserve, which cropped up in early 2022 after a separate UST de-pegging, is comprised of billions of dollars in assets. It includes a stash of over 80,000 Bitcoin(BTC-USD). Accumulated for the purpose of deploying in case of emergency, developers seem to have put nearly the entire portfolio into action to little effect.According to this report, the LFG deployed over 99% of its Bitcoin, a stash of 80,394. 46,876 BTC went to a “professional market maker.” This market maker then deployed the Bitcoin on behalf of LFG to buy up UST. The LFG sold another 33,206 Bitcoin to buy even more UST later last week,bringing total BTC reserves to just 313.Thanks to this data, we can see just how many resources the LFG threw at the LUNA crypto. Interestingly enough, the reserve also holds large amounts of Binance(BNB-USD) and Avalanche(AVAX-USD). It did not sell any of these BNB or AVAX holdings.Last week, theprice of AVAX fell steeplyas investors anticipated a dump of the $100 million stash the LFG held.What’s Next for LUNA? Developers Prepare to Reimburse Holders.In the wake of the meltdown, it seems that developers are going to put the most affected LUNA crypto holders at the forefront of the rebuild. The LFG is going to compensate small holders after their investments shrank to nearly $0.Alongside its reserves report, Terra developers say they are working on a plan toredistribute the remaining LFG funds to users, from smallest wallets upward. It does not yet have a detailed plan in the works for how this reimbursement will occur.10/ The Foundation is looking to use its remaining assets to compensate remaining users of$UST, smallest holders first.We are still debating through various distribution methods, updates to follow soon.— LFG | Luna Foundation Guard (@LFG_org)May 16, 2022Moreover, founder Do Kwon revealed plans to rebuild Terra through his“Terra Revival Plan.”This plan includes a massive redistribution of tokens as well as a community pool which will fund further Terra development.It will be interesting to watch the network rebuild from this point forward.","news_type":1},"isVote":1,"tweetType":1,"viewCount":81,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575333960287526","authorId":"3575333960287526","name":"WDnemo","avatar":"https://static.tigerbbs.com/2241a941fc1eb6cca28c7a714cba1571","crmLevel":8,"crmLevelSwitch":0,"idStr":"3575333960287526","authorIdStr":"3575333960287526"},"content":"how to maintain \"stable coin\" based on assets that could also crash during time of crisis? it won't be backed during crisis.","text":"how to maintain \"stable coin\" based on assets that could also crash during time of crisis? it won't be backed during crisis.","html":"how to maintain \"stable coin\" based on assets that could also crash during time of crisis? it won't be backed during crisis."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9084799723,"gmtCreate":1650925430480,"gmtModify":1676534813942,"author":{"id":"3578452158761953","authorId":"3578452158761953","name":"Sinned","avatar":"https://static.tigerbbs.com/d90fa3100a053e15ac93aedaaaaefe0c","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3578452158761953","authorIdStr":"3578452158761953"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9084799723","repostId":"2230614999","repostType":4,"repost":{"id":"2230614999","pubTimestamp":1650890927,"share":"https://ttm.financial/m/news/2230614999?lang=&edition=fundamental","pubTime":"2022-04-25 20:48","market":"us","language":"en","title":"Apple - Time To Take Another Bite","url":"https://stock-news.laohu8.com/highlight/detail?id=2230614999","media":"seekingalpha","summary":"SummaryRecord quarterly revenues reported in the first quarter of 2022 are expected to be reported a","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Record quarterly revenues reported in the first quarter of 2022 are expected to be reported again in Q2 (quarter ending in March).</li><li>Apple is likely to announce another dividend increase and additional share buybacks in the Q2 earnings report.</li><li>Potential slowdowns in the June quarter due to China lockdowns and supply chain constraints may impact the share price in short-term but in long-term, the stock is a solid buy and hold.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ea532592996230e7f06219ea644f8da4\" tg-width=\"750\" tg-height=\"500\" width=\"100%\" height=\"auto\"/><span>Sam Diephuis/DigitalVision via Getty Images</span></p><p>If you are an investor in growth and technology stocks, you are probably wondering when the sentiment is going to turn back around in favor of those stocks as a long-term investment. Starting in the fall of 2021, many of the top growth and technology stocks have fallen in price by 10 to 30% or more as interest rates are expected to rise, supply chain issues have impacted semiconductor production, and inflation has driven up prices. The price of Apple, Inc (NASDAQ:AAPL) stock rose to a high of nearly $183 before dropping back down to the current price of $161.79 as of market close on 4/22/22.</p><p>With the company due to report earnings after the market close on Wednesday, April 27, investors will be looking for clues to forward guidance in light of the current bearish market environment. It is my opinion that Apple will once again surprise with an earnings beat, and at the same time are likely to announce a new product, such as an iCar (which they filed a patent on), or the AR/VR headset that is rumored to be on the horizon, that will once again shake up the marketplace and raise the stock to a new level.</p><p>Considering the fundamental, technical, and macroeconomic factors, as well as investor sentiment and favorable shareholder actions, all indications are that Apple is fairly priced today but still offers a good value for the long-term investor. I rate Apple a Buy ahead of earnings, especially if the price drops below $160 in the next few days ahead of the report. In this article I want to explain my reasoning by considering each of the factors.</p><p><b>Fundamentally Sound</b></p><p>The current EV/EBITDA ratio is near a recent low based on the past 3 years history, currently at 19.97. The last time it was much lower than that was in summer of 2020 as the stock was recovering from the March 2020 low.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/115a5774467bf3b71d1f9f1d7f592b0f\" tg-width=\"640\" tg-height=\"236\" width=\"100%\" height=\"auto\"/><span>AAPL 3-yr EV/EBITDA ratio (Seeking Alpha)</span></p><p>The forward P/E sits at about 26, which is slightly above the 5-year average, and slightly above the sector median. But Apple gets an A+ in Profitability based on SA quant factors, so the quality of earnings justifies the higher valuation. Apple is a cash flow machine with a net income margin of 26.5% and levered FCF margin of 21%. Operating cash flow growth is not too shabby either, at 26% YOY.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8883d2c7a307f223544fedb9ae128b31\" tg-width=\"640\" tg-height=\"427\" width=\"100%\" height=\"auto\"/><span>Profitability grades (Seeking Alpha)</span></p><p>Profitability grades (Seeking Alpha)Revenue growth YOY is at 28.6% and EBITDA growth YOY sits at a whopping 50.5%. The trend in consensus EPS revisions has been moving upward with 26 up revisions in the past 3 months and only 1 down revision along with 24 up revenue revisions and 1 down.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/38b4f7a69a160f1011888f5077728006\" tg-width=\"640\" tg-height=\"222\" width=\"100%\" height=\"auto\"/><span>Consensus EPS Revisions (Seeking Alpha)</span></p><p>With about $64B in cash and an enterprise value of over $2.6T, Apple is financially sound and fundamentally strong. Company management under Tim Cook has been excellent at capital allocation and in capitalizing on additional service revenues above and beyond the core product lines of iPhones, wearables, Macs, iPads, and other hardware devices. Winning an Oscar for best picture on Apple TV+ did not hurt their business either.</p><p>In January, the company reported an all-time revenue record reaching $123.9B for the FY22 first quarter, up 11% YOY. All-time highs were reached for iPhone, Mac, Wearables, and Services revenues in that quarter.</p><p><b>Technically Speaking</b></p><p>The chart for Apple has shown some resistance recently as the stock attempts to reach new highs. AAPL stock is currently trading below the 6-month moving average and is starting to look oversold. The Money Flow index and RSI both indicate that the stock is becoming somewhat oversold.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ccb51716a162d62f2cab44a7bb402e7f\" tg-width=\"640\" tg-height=\"472\" width=\"100%\" height=\"auto\"/><span>AAPL technical chart (TD Ameritrade)</span></p><p>Over the past 6 months AAPL stock has traded in a similar manner to the overall market and the technology sector (using XLK as a benchmark) but offering a higher return. The stock is finding support at the $150 level and could drop as low as that level before turning upward again if the earnings report is favorable, as I expect it will be.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/648f1a2d001c9cb72b6ceb8121641911\" tg-width=\"640\" tg-height=\"232\" width=\"100%\" height=\"auto\"/><span>AAPL Stock chart (Seeking Alpha)</span></p><p>What About Rising Rates, Supply Chain Issues, and Inflation?</p><p>There is some speculation that rising interest rates could negatively impact Apple’s forward earnings. That fear is partly responsible for the recent selloff in technology stocks, including Apple. However, the opposite may actually be true based on past events. In fact, according to this report, Apple is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the best performing stocks when interest rates rise.</p><blockquote>Nine stocks in the S&amp;P 500 — including information-technology giants like Advanced Micro Devices (<a href=\"https://laohu8.com/S/AMD\">AMD</a>) and Apple as well as health care firm Bio-Techne (TECH) — have powered higher when interest rates entered periods of multiple Fed rate hikes since 1990, says an Investor&#39;s Business Daily analysis of data from LPL Financial and S&amp;P Global Market Intelligence.</blockquote><p>Concerns about supply chain issues are valid and could impact Mac deliveries as well as iPhone demand as China endures further lockdowns related to Covid cases on the rise in Shanghai and other cities where Apple has a large manufacturing presence such as Zhengzhou, although one report states that manufacturing there is unaffected. Inflationary pressures due to rising commodity prices and reduced consumer demand due to concerns about the Ukraine war and impacts to the global economy may be reflected in the upcoming earnings report.</p><p>However, based on recent upward consensus earnings revisions and reports of growing consumer demand, I think that it is unlikely that a reduction in demand will be reflected in the current quarter’s earnings report. In fact, one source reports that the growing demand for iPhone 13 is helping Apple capture market share in the smartphone space.</p><blockquote>The Cupertino, California-based Apple accounted for 18% of the smartphone market, up from 15% in the first-quarter of 2021, even as overall smartphone shipments fell 11%, due to &#34;unfavorable economic conditions and sluggish seasonal demand.&#34;</blockquote><blockquote>&#34;While the iPhone 13 series continues to capture consumer demand, the new iPhone SE launched in March is becoming an important mid-range volume driver for Apple,&#34; Canalys Analyst Sanyam Chaurasia said in a statement.</blockquote><p><b>Investor Sentiment and Analyst Ratings</b></p><p>Wall Street analysts are bullish on Apple stock with 27 Strong Buy, 7 Buy, 1 Sell and 1 Strong Sell rating.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5fe377b4b2f8b7fd49a71f243b3a7fc4\" tg-width=\"517\" tg-height=\"295\" width=\"100%\" height=\"auto\"/><span>Analyst Ratings (Seeking Alpha)</span></p><p>The consensus of SA authors and current Quant ratings give AAPL a Hold rating overall. Often, just before an earnings report there are many conflicting opinions on whether to buy, sell, or hold Apple stock and this quarter is no exception with several recent articles published on SA that suggest selling the stock ahead of earnings.</p><p>Some analysts are expecting Apple to announce an increase in share buybacks, a dividend increase, or both.</p><blockquote>Apple typically announces its latest buyback and dividend strategies in conjunction with its March-quarter earnings, and this year’s update could be the “most incremental potential positive” element of Apple’s entire report, according to Wells Fargo analyst Aaron Rakers.</blockquote><blockquote>CFRA’s Angelo Zino sees the potential for a more buyback-heavy update, predicting a $100 billion increase to Apple’s share-repurchase authorization and a roughly 7% bump to its dividend.</blockquote><p>Chief Financial Officer Luca Maestri said on Apple’s last earnings call that the company expects to recognize record quarterly revenues in the March quarter, but that the YOY comparison may be challenging.</p><blockquote>We expect to achieve solid year-over-year revenue growth and set a March quarter revenue record despite significant supply constraints, which we estimate to be less than what we experienced during the December quarter. We expect our revenue growth rate to decelerate from the December quarter, primarily due to 2 factors. First, during the March quarter a year ago, we grew revenue by 54%. Remember that last year, we launched our new iPhones during the December quarter. While this year, we launched them during the September quarter. Due to the later launch a year ago, some of the associated channel inventory fill occurred during the March quarter last year. As a result of the different launch timing, we will face a more challenging year-over-year compare.</blockquote><p>Shareholder Actions – Dividends and Buybacks</p><p>Apple has been paying a small but growing dividend and most recently declared a cash dividend of $0.22 per share of common stock payable on February 10, 2022, to shareholders of record as of February 7, 2022. The dividend was increased by 7% in the March 2021 quarter and represents 9 years of consecutive dividend increases as shown in the dividend history chart from the Seeking Alpha Dividends page for AAPL.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/345f4ee69e9bb5548c5ff561edca975c\" tg-width=\"640\" tg-height=\"245\" width=\"100%\" height=\"auto\"/><span>AAPL Dividend History (Seeking Alpha)</span></p><p>The current yield sits at about 0.5% and the 4-year average dividend yield is 1%. However, the 5-year yield on cost is currently at about 2.5%, so for dividend growth investors who plan to hold the stock long-term that is an appealing consideration.</p><p>In the March 2021 quarter, the dividend increase and share repurchase announcement included good news for Apple investors as explained by CFO Luca Maestri:</p><blockquote>As we continue to execute at an extremely high level, we were also able to return nearly $23 billion to shareholders during the March quarter. This included $3.4 billion in dividends and equivalents and $19 billion through open market repurchases of 147 million Apple shares. We continue to believe there is great value in our stock and maintain our target of reaching a net cash neutral position over time.</blockquote><blockquote>Given the confidence we have in our business today and into the future, our Board has authorized an additional $90 billion for share repurchases. We&#39;re also raising our dividend by 7% to $0.22 per share, and we continue to plan for annual increases in the dividend going forward.</blockquote><p>Given that announcement and the record revenues recognized in the December quarter, analysts and investors are expecting another dividend increase and additional share repurchases to be announced in the upcoming earnings report on April 27.</p><p><b>Looking Ahead with Caution</b></p><p>One potential caution for investors to look for in the earnings report for the quarter ending in March is the outlook and guidance for the next quarter ending in June. Ongoing lockdowns in China and continuing supply chain issues may not have had a detrimental impact on the early part of 2022 but could negatively impact earnings for the second quarter (which is Apple’s fiscal Q3).</p><p>According to some analysts the shipments of Macs could be impacted by ongoing lockdowns and supply chain disruptions in China:</p><blockquote>Huberty cautioned that COVID-related lockdowns in major China manufacturing hubs, such as Shanghai, Kunshan, and Zhengzhou, could cause Apple to &#34;take a more cautious stance when providing commentary on the June quarter given the unpredictable nature of potential future lockdowns.</blockquote><p>Another analyst gave a neutral rating on Apple stock given the uncertainty around China:</p><blockquote>Crockett set a price target of $184 a share on Apple&#39;s stock in addition to setting his neutral rating on the company&#39;s shares. Crockett said that while Apple saw its Mac and iPad businesses get a boost due to the COVID-19 pandemic, and the company had a strong new iPhone release last year, it is facing new obstacles coming from China, where many of its products are made.</blockquote><p>Earnings are also due next week for Alphabet (GOOG), Amazon (AMZN) and Meta (FB). If any of those megacap tech stocks have a poor earnings report or suggest a slowdown in consumer spending that could have a negative impact on Apple stock as well.</p><p>I am long AAPL and holding in my No Guts No Glory portfolio as a core long-term position. I will be looking to add to my position if the price drops below $160.</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 - Time To Take Another Bite</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 - Time To Take Another Bite\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-25 20:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4503283-apple-time-to-take-another-bite><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryRecord quarterly revenues reported in the first quarter of 2022 are expected to be reported again in Q2 (quarter ending in March).Apple is likely to announce another dividend increase and ...</p>\n\n<a href=\"https://seekingalpha.com/article/4503283-apple-time-to-take-another-bite\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4554":"元宇宙及AR概念","BK4515":"5G概念","BK4532":"文艺复兴科技持仓","BK4553":"喜马拉雅资本持仓","BK4571":"数字音乐概念","BK4534":"瑞士信贷持仓","AAPL":"苹果","BK4507":"流媒体概念","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念","BK4566":"资本集团","BK4501":"段永平概念","BK4527":"明星科技股","BK4559":"巴菲特持仓","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4574":"无人驾驶","BK4573":"虚拟现实","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4512":"苹果概念","BK4170":"电脑硬件、储存设备及电脑周边"},"source_url":"https://seekingalpha.com/article/4503283-apple-time-to-take-another-bite","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2230614999","content_text":"SummaryRecord quarterly revenues reported in the first quarter of 2022 are expected to be reported again in Q2 (quarter ending in March).Apple is likely to announce another dividend increase and additional share buybacks in the Q2 earnings report.Potential slowdowns in the June quarter due to China lockdowns and supply chain constraints may impact the share price in short-term but in long-term, the stock is a solid buy and hold.Sam Diephuis/DigitalVision via Getty ImagesIf you are an investor in growth and technology stocks, you are probably wondering when the sentiment is going to turn back around in favor of those stocks as a long-term investment. Starting in the fall of 2021, many of the top growth and technology stocks have fallen in price by 10 to 30% or more as interest rates are expected to rise, supply chain issues have impacted semiconductor production, and inflation has driven up prices. The price of Apple, Inc (NASDAQ:AAPL) stock rose to a high of nearly $183 before dropping back down to the current price of $161.79 as of market close on 4/22/22.With the company due to report earnings after the market close on Wednesday, April 27, investors will be looking for clues to forward guidance in light of the current bearish market environment. It is my opinion that Apple will once again surprise with an earnings beat, and at the same time are likely to announce a new product, such as an iCar (which they filed a patent on), or the AR/VR headset that is rumored to be on the horizon, that will once again shake up the marketplace and raise the stock to a new level.Considering the fundamental, technical, and macroeconomic factors, as well as investor sentiment and favorable shareholder actions, all indications are that Apple is fairly priced today but still offers a good value for the long-term investor. I rate Apple a Buy ahead of earnings, especially if the price drops below $160 in the next few days ahead of the report. In this article I want to explain my reasoning by considering each of the factors.Fundamentally SoundThe current EV/EBITDA ratio is near a recent low based on the past 3 years history, currently at 19.97. The last time it was much lower than that was in summer of 2020 as the stock was recovering from the March 2020 low.AAPL 3-yr EV/EBITDA ratio (Seeking Alpha)The forward P/E sits at about 26, which is slightly above the 5-year average, and slightly above the sector median. But Apple gets an A+ in Profitability based on SA quant factors, so the quality of earnings justifies the higher valuation. Apple is a cash flow machine with a net income margin of 26.5% and levered FCF margin of 21%. Operating cash flow growth is not too shabby either, at 26% YOY.Profitability grades (Seeking Alpha)Profitability grades (Seeking Alpha)Revenue growth YOY is at 28.6% and EBITDA growth YOY sits at a whopping 50.5%. The trend in consensus EPS revisions has been moving upward with 26 up revisions in the past 3 months and only 1 down revision along with 24 up revenue revisions and 1 down.Consensus EPS Revisions (Seeking Alpha)With about $64B in cash and an enterprise value of over $2.6T, Apple is financially sound and fundamentally strong. Company management under Tim Cook has been excellent at capital allocation and in capitalizing on additional service revenues above and beyond the core product lines of iPhones, wearables, Macs, iPads, and other hardware devices. Winning an Oscar for best picture on Apple TV+ did not hurt their business either.In January, the company reported an all-time revenue record reaching $123.9B for the FY22 first quarter, up 11% YOY. All-time highs were reached for iPhone, Mac, Wearables, and Services revenues in that quarter.Technically SpeakingThe chart for Apple has shown some resistance recently as the stock attempts to reach new highs. AAPL stock is currently trading below the 6-month moving average and is starting to look oversold. The Money Flow index and RSI both indicate that the stock is becoming somewhat oversold.AAPL technical chart (TD Ameritrade)Over the past 6 months AAPL stock has traded in a similar manner to the overall market and the technology sector (using XLK as a benchmark) but offering a higher return. The stock is finding support at the $150 level and could drop as low as that level before turning upward again if the earnings report is favorable, as I expect it will be.AAPL Stock chart (Seeking Alpha)What About Rising Rates, Supply Chain Issues, and Inflation?There is some speculation that rising interest rates could negatively impact Apple’s forward earnings. That fear is partly responsible for the recent selloff in technology stocks, including Apple. However, the opposite may actually be true based on past events. In fact, according to this report, Apple is one of the best performing stocks when interest rates rise.Nine stocks in the S&P 500 — including information-technology giants like Advanced Micro Devices (AMD) and Apple as well as health care firm Bio-Techne (TECH) — have powered higher when interest rates entered periods of multiple Fed rate hikes since 1990, says an Investor's Business Daily analysis of data from LPL Financial and S&P Global Market Intelligence.Concerns about supply chain issues are valid and could impact Mac deliveries as well as iPhone demand as China endures further lockdowns related to Covid cases on the rise in Shanghai and other cities where Apple has a large manufacturing presence such as Zhengzhou, although one report states that manufacturing there is unaffected. Inflationary pressures due to rising commodity prices and reduced consumer demand due to concerns about the Ukraine war and impacts to the global economy may be reflected in the upcoming earnings report.However, based on recent upward consensus earnings revisions and reports of growing consumer demand, I think that it is unlikely that a reduction in demand will be reflected in the current quarter’s earnings report. In fact, one source reports that the growing demand for iPhone 13 is helping Apple capture market share in the smartphone space.The Cupertino, California-based Apple accounted for 18% of the smartphone market, up from 15% in the first-quarter of 2021, even as overall smartphone shipments fell 11%, due to \"unfavorable economic conditions and sluggish seasonal demand.\"\"While the iPhone 13 series continues to capture consumer demand, the new iPhone SE launched in March is becoming an important mid-range volume driver for Apple,\" Canalys Analyst Sanyam Chaurasia said in a statement.Investor Sentiment and Analyst RatingsWall Street analysts are bullish on Apple stock with 27 Strong Buy, 7 Buy, 1 Sell and 1 Strong Sell rating.Analyst Ratings (Seeking Alpha)The consensus of SA authors and current Quant ratings give AAPL a Hold rating overall. Often, just before an earnings report there are many conflicting opinions on whether to buy, sell, or hold Apple stock and this quarter is no exception with several recent articles published on SA that suggest selling the stock ahead of earnings.Some analysts are expecting Apple to announce an increase in share buybacks, a dividend increase, or both.Apple typically announces its latest buyback and dividend strategies in conjunction with its March-quarter earnings, and this year’s update could be the “most incremental potential positive” element of Apple’s entire report, according to Wells Fargo analyst Aaron Rakers.CFRA’s Angelo Zino sees the potential for a more buyback-heavy update, predicting a $100 billion increase to Apple’s share-repurchase authorization and a roughly 7% bump to its dividend.Chief Financial Officer Luca Maestri said on Apple’s last earnings call that the company expects to recognize record quarterly revenues in the March quarter, but that the YOY comparison may be challenging.We expect to achieve solid year-over-year revenue growth and set a March quarter revenue record despite significant supply constraints, which we estimate to be less than what we experienced during the December quarter. We expect our revenue growth rate to decelerate from the December quarter, primarily due to 2 factors. First, during the March quarter a year ago, we grew revenue by 54%. Remember that last year, we launched our new iPhones during the December quarter. While this year, we launched them during the September quarter. Due to the later launch a year ago, some of the associated channel inventory fill occurred during the March quarter last year. As a result of the different launch timing, we will face a more challenging year-over-year compare.Shareholder Actions – Dividends and BuybacksApple has been paying a small but growing dividend and most recently declared a cash dividend of $0.22 per share of common stock payable on February 10, 2022, to shareholders of record as of February 7, 2022. The dividend was increased by 7% in the March 2021 quarter and represents 9 years of consecutive dividend increases as shown in the dividend history chart from the Seeking Alpha Dividends page for AAPL.AAPL Dividend History (Seeking Alpha)The current yield sits at about 0.5% and the 4-year average dividend yield is 1%. However, the 5-year yield on cost is currently at about 2.5%, so for dividend growth investors who plan to hold the stock long-term that is an appealing consideration.In the March 2021 quarter, the dividend increase and share repurchase announcement included good news for Apple investors as explained by CFO Luca Maestri:As we continue to execute at an extremely high level, we were also able to return nearly $23 billion to shareholders during the March quarter. This included $3.4 billion in dividends and equivalents and $19 billion through open market repurchases of 147 million Apple shares. We continue to believe there is great value in our stock and maintain our target of reaching a net cash neutral position over time.Given the confidence we have in our business today and into the future, our Board has authorized an additional $90 billion for share repurchases. We're also raising our dividend by 7% to $0.22 per share, and we continue to plan for annual increases in the dividend going forward.Given that announcement and the record revenues recognized in the December quarter, analysts and investors are expecting another dividend increase and additional share repurchases to be announced in the upcoming earnings report on April 27.Looking Ahead with CautionOne potential caution for investors to look for in the earnings report for the quarter ending in March is the outlook and guidance for the next quarter ending in June. Ongoing lockdowns in China and continuing supply chain issues may not have had a detrimental impact on the early part of 2022 but could negatively impact earnings for the second quarter (which is Apple’s fiscal Q3).According to some analysts the shipments of Macs could be impacted by ongoing lockdowns and supply chain disruptions in China:Huberty cautioned that COVID-related lockdowns in major China manufacturing hubs, such as Shanghai, Kunshan, and Zhengzhou, could cause Apple to \"take a more cautious stance when providing commentary on the June quarter given the unpredictable nature of potential future lockdowns.Another analyst gave a neutral rating on Apple stock given the uncertainty around China:Crockett set a price target of $184 a share on Apple's stock in addition to setting his neutral rating on the company's shares. Crockett said that while Apple saw its Mac and iPad businesses get a boost due to the COVID-19 pandemic, and the company had a strong new iPhone release last year, it is facing new obstacles coming from China, where many of its products are made.Earnings are also due next week for Alphabet (GOOG), Amazon (AMZN) and Meta (FB). If any of those megacap tech stocks have a poor earnings report or suggest a slowdown in consumer spending that could have a negative impact on Apple stock as well.I am long AAPL and holding in my No Guts No Glory portfolio as a core long-term position. I will be looking to add to my position if the price drops below $160.","news_type":1},"isVote":1,"tweetType":1,"viewCount":32,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}