玉树临风英俊 personal page - To The Moon

玉树临风英俊

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玉树临风英俊

2023-02-27

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@智能相对论:愛普生打印機L3558深度體驗，小型辦公打印不二之選

玉树临风英俊

2023-02-27

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@CapitalZone: Boon for Retail Traders - Currency Option

玉树临风英俊

2023-02-27

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@CapitalZone: Boon for Retail Traders - Currency Option

玉树临风英俊

2023-02-20

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@中国基金报:香港證監會重大宣佈！

玉树临风英俊

2023-02-10

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@laoduo:掐指一算，下一個AI題材已準備好！

玉树临风英俊

2023-02-10

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@诗与星空:註冊制全面落地，牛市呼嘯而來

玉树临风英俊

2023-02-10

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@诗与星空:財技一路狂飆

玉树临风英俊

2023-01-30

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@英伦投资客:重磅官宣！香港金主出手英國，29億買下倫敦地標大樓

玉树临风英俊

2023-01-30

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@GPLP犀牛财经:變革發展，堅定出發，康佳集團公佈2022年年度業績預告

玉树临风英俊

2023-01-10

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SPY: Is December CPI Optimism Setting A Sneaky Bull Trap?

玉树临风英俊

2023-01-09

$Zomedica Pharmaceuticals Corp.(ZOM)$ Up up up

玉树临风英俊

2023-01-09

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玉树临风英俊

2023-01-05

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Down Over 20% In 2022, These 3 Warren Buffett Stocks Are Smart Buys in 2023

玉树临风英俊

2022-12-21

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玉树临风英俊

2022-12-16

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Chinese Stock Delisting Threat Eases as US Gets Access to Audit Data

玉树临风英俊

2022-12-10

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Elon Musk’s Tweeting Is Problematic for Tesla Stock. Here’s Proof

玉树临风英俊

2022-12-08

$XPeng Inc.(XPEV)$ Fainted

玉树临风英俊

2022-12-08

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@投资界:首發 | 國產引線鍵合機企業“ 德沃先進 ”完成數億元A輪融資

玉树临风英俊

2022-12-08

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Pre-Bell｜Dow Futures Jumped Nearly 100 Points; This Networking Equipment Maker Surged Over 19%

玉树临风英俊

2022-12-06

$Waterdrop Inc.(WDH)$ Up up up

Go to Tiger App to see more news

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ChatGPT官網遭遇滿負荷 AI發展提升算力需求算力CPO概念橫空出世，扒開皮一看，光模塊。○ ChatGPT持續火爆帶動存儲市場需求快速提升、相關產業公司望迎來機遇AI存儲芯片瞬間拉板，扒開皮一看，消費電子。中國特色瞎吵市場，巴菲特來了都給你幹趴下。當下行情，不買題材就踏空，買了又怕監管，試問你焦慮嗎？我一點都不焦慮，因爲我很清楚，這裏面大部分題材機會都和我無關。真想練練手，小賭怡情就行了，千萬別重倉去博這種機會，輪動過快一追就套，一割肉就反包，不割肉就A字殺！後續 ChatGPT能輪動的方向，我都想好了。xx智能系列都炒過了，軟件部分。現在芯片，CPO都來了，硬件部分。再接下來還有什麼？多了去了。IDC機房，超算服務器要不要也來蹭一下，大批量硬件那散熱也得有把，不間斷電源UPS那肯定也是要的。光模塊都漲了，光纖光纜能缺席？騰訊，百度，阿里都來入局了，他們的合作供應商和參股公司豈能不炒？一個人工智能幾乎可以把所有科技硬件相關板塊都串上。現在已經不是遊資想不想玩的問題，是各路賣方首席敢不敢吹的問題。只要題材敢漲，首席們就敢接着吹。監管制裁一批，明天出來三批新題材還自帶賣方研報的，建議監管先制裁各路首席，不能只盯着遊資制裁，兩手都要抓才行。不知道大家有沒有發現一個很奇怪的現象？作爲輪動補漲的ai芯片，半導體板塊漲了不少，但漲停個股卻少的很，完全沒有xx智能剛剛出來時候的瘋狂？原因很簡單，就是題材炒到了機構重倉區域半導體芯片板塊，就像踢到了一塊鐵板。貿然拉上去，要問重倉的機構答應不答應？畢竟新半軍這三大內資機構重倉地，可沒那麼容易炒作。所以這裏要提醒，想着芯片能繼續維持AI熱度的，要早點覺悟，亂追機構重倉區域那是要虧錢的。短線模式想明天有溢價，只能遠離所有機構票，","listText":"昨天寫了一篇關於監管叫停人工智能炒作的信號。但目前場內熱錢嚐到了甜頭，豈能就這樣結束？於是今天的畫風是這樣的。○ ChatGPT官網遭遇滿負荷 AI發展提升算力需求算力CPO概念橫空出世，扒開皮一看，光模塊。○ ChatGPT持續火爆帶動存儲市場需求快速提升、相關產業公司望迎來機遇AI存儲芯片瞬間拉板，扒開皮一看，消費電子。中國特色瞎吵市場，巴菲特來了都給你幹趴下。當下行情，不買題材就踏空，買了又怕監管，試問你焦慮嗎？我一點都不焦慮，因爲我很清楚，這裏面大部分題材機會都和我無關。真想練練手，小賭怡情就行了，千萬別重倉去博這種機會，輪動過快一追就套，一割肉就反包，不割肉就A字殺！後續 ChatGPT能輪動的方向，我都想好了。xx智能系列都炒過了，軟件部分。現在芯片，CPO都來了，硬件部分。再接下來還有什麼？多了去了。IDC機房，超算服務器要不要也來蹭一下，大批量硬件那散熱也得有把，不間斷電源UPS那肯定也是要的。光模塊都漲了，光纖光纜能缺席？騰訊，百度，阿里都來入局了，他們的合作供應商和參股公司豈能不炒？一個人工智能幾乎可以把所有科技硬件相關板塊都串上。現在已經不是遊資想不想玩的問題，是各路賣方首席敢不敢吹的問題。只要題材敢漲，首席們就敢接着吹。監管制裁一批，明天出來三批新題材還自帶賣方研報的，建議監管先制裁各路首席，不能只盯着遊資制裁，兩手都要抓才行。不知道大家有沒有發現一個很奇怪的現象？作爲輪動補漲的ai芯片，半導體板塊漲了不少，但漲停個股卻少的很，完全沒有xx智能剛剛出來時候的瘋狂？原因很簡單，就是題材炒到了機構重倉區域半導體芯片板塊，就像踢到了一塊鐵板。貿然拉上去，要問重倉的機構答應不答應？畢竟新半軍這三大內資機構重倉地，可沒那麼容易炒作。所以這裏要提醒，想着芯片能繼續維持AI熱度的，要早點覺悟，亂追機構重倉區域那是要虧錢的。短線模式想明天有溢價，只能遠離所有機構票，","text":"昨天寫了一篇關於監管叫停人工智能炒作的信號。但目前場內熱錢嚐到了甜頭，豈能就這樣結束？於是今天的畫風是這樣的。○ ChatGPT官網遭遇滿負荷 AI發展提升算力需求算力CPO概念橫空出世，扒開皮一看，光模塊。○ ChatGPT持續火爆帶動存儲市場需求快速提升、相關產業公司望迎來機遇AI存儲芯片瞬間拉板，扒開皮一看，消費電子。中國特色瞎吵市場，巴菲特來了都給你幹趴下。當下行情，不買題材就踏空，買了又怕監管，試問你焦慮嗎？我一點都不焦慮，因爲我很清楚，這裏面大部分題材機會都和我無關。真想練練手，小賭怡情就行了，千萬別重倉去博這種機會，輪動過快一追就套，一割肉就反包，不割肉就A字殺！後續 ChatGPT能輪動的方向，我都想好了。xx智能系列都炒過了，軟件部分。現在芯片，CPO都來了，硬件部分。再接下來還有什麼？多了去了。IDC機房，超算服務器要不要也來蹭一下，大批量硬件那散熱也得有把，不間斷電源UPS那肯定也是要的。光模塊都漲了，光纖光纜能缺席？騰訊，百度，阿里都來入局了，他們的合作供應商和參股公司豈能不炒？一個人工智能幾乎可以把所有科技硬件相關板塊都串上。現在已經不是遊資想不想玩的問題，是各路賣方首席敢不敢吹的問題。只要題材敢漲，首席們就敢接着吹。監管制裁一批，明天出來三批新題材還自帶賣方研報的，建議監管先制裁各路首席，不能只盯着遊資制裁，兩手都要抓才行。不知道大家有沒有發現一個很奇怪的現象？作爲輪動補漲的ai芯片，半導體板塊漲了不少，但漲停個股卻少的很，完全沒有xx智能剛剛出來時候的瘋狂？原因很簡單，就是題材炒到了機構重倉區域半導體芯片板塊，就像踢到了一塊鐵板。貿然拉上去，要問重倉的機構答應不答應？畢竟新半軍這三大內資機構重倉地，可沒那麼容易炒作。所以這裏要提醒，想着芯片能繼續維持AI熱度的，要早點覺悟，亂追機構重倉區域那是要虧錢的。短線模式想明天有溢價，只能遠離所有機構票，","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/625946749","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":341,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954101878,"gmtCreate":1676043901994,"gmtModify":1676043905365,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"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/9954101878","repostId":"625940628","repostType":1,"repost":{"id":625940628,"gmtCreate":1675987200000,"gmtModify":1676037771694,"author":{"id":"3570059771774754","authorId":"3570059771774754","name":"诗与星空","avatar":"https://static.tigerbbs.com/1dd845f8861ad74d77c50e7f7a23583f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570059771774754","authorIdStr":"3570059771774754"},"themes":[],"title":"註冊制全面落地，牛市呼嘯而來","htmlText":"經常聽到一些段子，十年前上證3000多點，十年後上證還3000多點，而同期美股已經從一萬多點漲到三萬多點。 事實上，上證指數和美股的指數，壓根不是一種東西。 上證指數代表不了中國最優秀的企業的發展，美股的指數也代表不了美股全部上市公司的狀況。 上證指數的計算是將全部上市公司納入後進行移動加權平均，因爲近年來A股從2000家迅速擴容到5000多家，新上市公司會拉低指數計算的基數，因此上證指數是被“修飾”過的。 “真實”的A股質量，大家應該看50、300、500這樣的指標。（剔除掉2015年前後的特殊影響，你看漂亮500漂亮不漂亮？） 01 “虛假”的美股指數 爲什麼美股指數好看？ 因爲我們看的美股指數，都是選取了部分優質企業的指數。 著名的標普指數只有500只股票，上萬家上市公司中極少的一部分，其中蘋果微軟兩家的權重就超過10%。 而道瓊斯指數就更離譜，只有65只有代表性的行業龍頭的股票。 用65家美國最優質的上市公司，和中國A股5000家魚龍混雜的上市公司比漲幅，這本身就不公平。 事實上，上證50十年來的表現並不差，A股的優質上市公司，不乏十倍甚至百倍的價值股。 上證指數的計算非常複雜，我敢打賭，99%的股民包括股神都不知道怎麼算的，只有做過轉成本的會計才能真正看懂。 因爲上證指數採用了加權平均法計算，權數爲上市公司的總股本。這種計算方式，經常用在轉成本上。 各種均線也採用了移動加權平均法計算，那些華麗的MACD技巧，無非就是把不同時間段計算的移動加權平均後的收盤價進行比對的結果。 這種計算模式的優缺點都非常明顯，對於美股這種成熟資本市場來說，因爲有完善的上市公司進出機制，進進出出，經過加權平均後，影響不大。 但對於A股來說，影響就不一樣了。一方面，誕生了大量的樂視網這類垃圾股，遲遲不退市，拉低了平均數；另一方面A股2010年只有2100家上市公司，2023年初已經激增到了","listText":"經常聽到一些段子，十年前上證3000多點，十年後上證還3000多點，而同期美股已經從一萬多點漲到三萬多點。 事實上，上證指數和美股的指數，壓根不是一種東西。 上證指數代表不了中國最優秀的企業的發展，美股的指數也代表不了美股全部上市公司的狀況。 上證指數的計算是將全部上市公司納入後進行移動加權平均，因爲近年來A股從2000家迅速擴容到5000多家，新上市公司會拉低指數計算的基數，因此上證指數是被“修飾”過的。 “真實”的A股質量，大家應該看50、300、500這樣的指標。（剔除掉2015年前後的特殊影響，你看漂亮500漂亮不漂亮？） 01 “虛假”的美股指數 爲什麼美股指數好看？ 因爲我們看的美股指數，都是選取了部分優質企業的指數。 著名的標普指數只有500只股票，上萬家上市公司中極少的一部分，其中蘋果微軟兩家的權重就超過10%。 而道瓊斯指數就更離譜，只有65只有代表性的行業龍頭的股票。 用65家美國最優質的上市公司，和中國A股5000家魚龍混雜的上市公司比漲幅，這本身就不公平。 事實上，上證50十年來的表現並不差，A股的優質上市公司，不乏十倍甚至百倍的價值股。 上證指數的計算非常複雜，我敢打賭，99%的股民包括股神都不知道怎麼算的，只有做過轉成本的會計才能真正看懂。 因爲上證指數採用了加權平均法計算，權數爲上市公司的總股本。這種計算方式，經常用在轉成本上。 各種均線也採用了移動加權平均法計算，那些華麗的MACD技巧，無非就是把不同時間段計算的移動加權平均後的收盤價進行比對的結果。 這種計算模式的優缺點都非常明顯，對於美股這種成熟資本市場來說，因爲有完善的上市公司進出機制，進進出出，經過加權平均後，影響不大。 但對於A股來說，影響就不一樣了。一方面，誕生了大量的樂視網這類垃圾股，遲遲不退市，拉低了平均數；另一方面A股2010年只有2100家上市公司，2023年初已經激增到了","text":"經常聽到一些段子，十年前上證3000多點，十年後上證還3000多點，而同期美股已經從一萬多點漲到三萬多點。 事實上，上證指數和美股的指數，壓根不是一種東西。 上證指數代表不了中國最優秀的企業的發展，美股的指數也代表不了美股全部上市公司的狀況。 上證指數的計算是將全部上市公司納入後進行移動加權平均，因爲近年來A股從2000家迅速擴容到5000多家，新上市公司會拉低指數計算的基數，因此上證指數是被“修飾”過的。 “真實”的A股質量，大家應該看50、300、500這樣的指標。（剔除掉2015年前後的特殊影響，你看漂亮500漂亮不漂亮？） 01 “虛假”的美股指數 爲什麼美股指數好看？ 因爲我們看的美股指數，都是選取了部分優質企業的指數。 著名的標普指數只有500只股票，上萬家上市公司中極少的一部分，其中蘋果微軟兩家的權重就超過10%。 而道瓊斯指數就更離譜，只有65只有代表性的行業龍頭的股票。 用65家美國最優質的上市公司，和中國A股5000家魚龍混雜的上市公司比漲幅，這本身就不公平。 事實上，上證50十年來的表現並不差，A股的優質上市公司，不乏十倍甚至百倍的價值股。 上證指數的計算非常複雜，我敢打賭，99%的股民包括股神都不知道怎麼算的，只有做過轉成本的會計才能真正看懂。 因爲上證指數採用了加權平均法計算，權數爲上市公司的總股本。這種計算方式，經常用在轉成本上。 各種均線也採用了移動加權平均法計算，那些華麗的MACD技巧，無非就是把不同時間段計算的移動加權平均後的收盤價進行比對的結果。 這種計算模式的優缺點都非常明顯，對於美股這種成熟資本市場來說，因爲有完善的上市公司進出機制，進進出出，經過加權平均後，影響不大。 但對於A股來說，影響就不一樣了。一方面，誕生了大量的樂視網這類垃圾股，遲遲不退市，拉低了平均數；另一方面A股2010年只有2100家上市公司，2023年初已經激增到了","images":[{"img":"https://static.tigerbbs.com/961cbc45ebca4333bc7a694ced87ff72"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/625940628","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954101179,"gmtCreate":1676043893291,"gmtModify":1676043896808,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954101179","repostId":"625940574","repostType":1,"repost":{"id":625940574,"gmtCreate":1675987200000,"gmtModify":1676037791563,"author":{"id":"3570059771774754","authorId":"3570059771774754","name":"诗与星空","avatar":"https://static.tigerbbs.com/1dd845f8861ad74d77c50e7f7a23583f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570059771774754","authorIdStr":"3570059771774754"},"themes":[],"title":"財技一路狂飆","htmlText":"文：詩與星空(ID: SingingUnderStars)星空君有個師妹，是十足的購物狂，幾乎每週都要買新衣服，在衆多的國產女裝品牌中，師妹最喜歡的品牌叫卓雅JORYA。&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;這個品牌的母公司欣賀股份（003016.sz），2020年已在A股上市。公司主營業務包括 JORYA、JORYA weekend、ΛNMΛNI（恩曼琳）、GIVH SHYH、CAROLINE、AIVEI 和 QDA 七個自主品牌女裝的設計、生產和銷售，其中主品牌 JORYA 創立於 20 世紀 90 年代初，是目前國內知名女裝品牌之一。公司主要銷售模式爲自營、經銷和電商模式。自營模式是高端女裝的主流趨勢，公司高端品牌 JORYA、JORYA weekend 目前爲全自營模式，其他品牌根據自身特性以自營與經銷相結合的模式經營。2020 年上半年受疫情防控期間停工停業影響，大部分居民減少戶外聚集活動，多數商場、購物中心停止運營，線下客流量因此受到較大沖擊。公司通過完善電商平臺的基礎建設，與天貓、唯品會等電商平臺合作，增加線上渠道銷售比例。電商渠道收入逐漸增長，2022年上半年電商渠道實現營收2.32億元，已超過公司營業收入的四分之一。數據來源：同花順iFind，製圖：詩與星空疫情改變了人們的消費方式，也給線下實體經營帶來了巨大壓力。01年報預告業績陡降2023年1月12日，欣賀股份發佈2022年年度業績預告，報告期內，歸屬於上市公司股東的淨利潤盈利：11,500萬元–14,500萬元，比上年同期下降：49.50% -59.95%；扣除非經常性損益後的淨利潤盈利：9,230萬元–12,230萬元，比上年同期下降：55.58% -66.48%。公告中，公司說明業績同比下降","listText":"文：詩與星空(ID: SingingUnderStars)星空君有個師妹，是十足的購物狂，幾乎每週都要買新衣服，在衆多的國產女裝品牌中，師妹最喜歡的品牌叫卓雅JORYA。&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;這個品牌的母公司欣賀股份（003016.sz），2020年已在A股上市。公司主營業務包括 JORYA、JORYA weekend、ΛNMΛNI（恩曼琳）、GIVH SHYH、CAROLINE、AIVEI 和 QDA 七個自主品牌女裝的設計、生產和銷售，其中主品牌 JORYA 創立於 20 世紀 90 年代初，是目前國內知名女裝品牌之一。公司主要銷售模式爲自營、經銷和電商模式。自營模式是高端女裝的主流趨勢，公司高端品牌 JORYA、JORYA weekend 目前爲全自營模式，其他品牌根據自身特性以自營與經銷相結合的模式經營。2020 年上半年受疫情防控期間停工停業影響，大部分居民減少戶外聚集活動，多數商場、購物中心停止運營，線下客流量因此受到較大沖擊。公司通過完善電商平臺的基礎建設，與天貓、唯品會等電商平臺合作，增加線上渠道銷售比例。電商渠道收入逐漸增長，2022年上半年電商渠道實現營收2.32億元，已超過公司營業收入的四分之一。數據來源：同花順iFind，製圖：詩與星空疫情改變了人們的消費方式，也給線下實體經營帶來了巨大壓力。01年報預告業績陡降2023年1月12日，欣賀股份發佈2022年年度業績預告，報告期內，歸屬於上市公司股東的淨利潤盈利：11,500萬元–14,500萬元，比上年同期下降：49.50% -59.95%；扣除非經常性損益後的淨利潤盈利：9,230萬元–12,230萬元，比上年同期下降：55.58% -66.48%。公告中，公司說明業績同比下降","text":"文：詩與星空(ID: SingingUnderStars)星空君有個師妹，是十足的購物狂，幾乎每週都要買新衣服，在衆多的國產女裝品牌中，師妹最喜歡的品牌叫卓雅JORYA。 這個品牌的母公司欣賀股份（003016.sz），2020年已在A股上市。公司主營業務包括 JORYA、JORYA weekend、ΛNMΛNI（恩曼琳）、GIVH SHYH、CAROLINE、AIVEI 和 QDA 七個自主品牌女裝的設計、生產和銷售，其中主品牌 JORYA 創立於 20 世紀 90 年代初，是目前國內知名女裝品牌之一。公司主要銷售模式爲自營、經銷和電商模式。自營模式是高端女裝的主流趨勢，公司高端品牌 JORYA、JORYA weekend 目前爲全自營模式，其他品牌根據自身特性以自營與經銷相結合的模式經營。2020 年上半年受疫情防控期間停工停業影響，大部分居民減少戶外聚集活動，多數商場、購物中心停止運營，線下客流量因此受到較大沖擊。公司通過完善電商平臺的基礎建設，與天貓、唯品會等電商平臺合作，增加線上渠道銷售比例。電商渠道收入逐漸增長，2022年上半年電商渠道實現營收2.32億元，已超過公司營業收入的四分之一。數據來源：同花順iFind，製圖：詩與星空疫情改變了人們的消費方式，也給線下實體經營帶來了巨大壓力。01年報預告業績陡降2023年1月12日，欣賀股份發佈2022年年度業績預告，報告期內，歸屬於上市公司股東的淨利潤盈利：11,500萬元–14,500萬元，比上年同期下降：49.50% -59.95%；扣除非經常性損益後的淨利潤盈利：9,230萬元–12,230萬元，比上年同期下降：55.58% -66.48%。公告中，公司說明業績同比下降","images":[{"img":"https://static.tigerbbs.com/890439dbb37f40d78055a5fbc2b52ce9","width":"0","height":"0"},{"img":"https://static.tigerbbs.com/51d19c00ce964fc4bd68c6c02d8f8f42","width":"0","height":"0"},{"img":"https://static.tigerbbs.com/3831bd12c5f046309dfe3e6a46ce6117","width":"0","height":"0"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/625940574","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":6,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":365,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9955027515,"gmtCreate":1675091464137,"gmtModify":1676538975701,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"👌&nbsp;","listText":"👌&nbsp;","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955027515","repostId":"622996556","repostType":1,"repost":{"id":622996556,"gmtCreate":1675084980000,"gmtModify":1676538975616,"author":{"id":"3524105335236766","authorId":"3524105335236766","name":"英伦投资客","avatar":"https://static.tigerbbs.com/e0eb69b911015e513c23eee0577a0e4d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3524105335236766","authorIdStr":"3524105335236766"},"themes":[],"title":"重磅官宣！香港金主出手英國，29億買下倫敦地標大樓","htmlText":"2023年1月29日，中國香港開發商華懋集團（China&nbsp;Chem）在其官網宣佈，已與英國房地產巨頭Landsec正式達成合約交換協議，完成收購位於倫敦市中心的地標寫字樓One New Street Square——該樓是全球四大會計事務所之一德勤（Deloitte）的倫敦總部大樓。最終收購價格爲3.495億英鎊，約爲29.25億人民幣。這是繼華懋去年9月以1.585億英鎊購入位於倫敦Farrington的TikTok倫敦總部——“萬花筒大樓”（Kaleidoscope）之後，近一年來第二次涉足倫敦商業地產市場。對於這筆交易，華懋集團執行董事兼行政總裁蔡宏興表示：“很高興收購倫敦大樓One New Street Square的產權。此物業位處倫敦中部核心區域，可帶來可觀回報，爲集團擴展業務的重要一步。集團打算持有此物業作長期投資，亦正計劃逐步增加在其他主要國際級城市的投資。”值得一提的是，香港華懋集團曾和德國投資基金UnionInvestments、以及一個超高淨值家族投資者一同競購這一大樓，最終華懋集團勝出。德勤倫敦總部大樓（1 New Street Square）於2016年開發，位於倫敦一區Holborn，具體郵編爲EC4A 3HQ，靠近Blackfriars、Chancery Lane、Farringdon等地鐵站和火車站。值得注意的是，該大樓和華懋集團2022年9月收購的TikTok倫敦總部——“萬花筒大樓”（Kaleidoscope）之間，步行距離僅10分鐘左右。1&nbsp;New&nbsp;Street Square寫字樓共有16層，其可租用面積爲276,502平方尺，約合26,000平方米，整棟大樓玻璃窗的設計讓住戶可以無障礙地觀賞倫敦市中心的360°全景，聖保羅大教堂、倫敦眼、碎片大廈等地標盡收眼底。‍2015年，德勤預租了1&nbsp;New","listText":"2023年1月29日，中國香港開發商華懋集團（China&nbsp;Chem）在其官網宣佈，已與英國房地產巨頭Landsec正式達成合約交換協議，完成收購位於倫敦市中心的地標寫字樓One New Street Square——該樓是全球四大會計事務所之一德勤（Deloitte）的倫敦總部大樓。最終收購價格爲3.495億英鎊，約爲29.25億人民幣。這是繼華懋去年9月以1.585億英鎊購入位於倫敦Farrington的TikTok倫敦總部——“萬花筒大樓”（Kaleidoscope）之後，近一年來第二次涉足倫敦商業地產市場。對於這筆交易，華懋集團執行董事兼行政總裁蔡宏興表示：“很高興收購倫敦大樓One New Street Square的產權。此物業位處倫敦中部核心區域，可帶來可觀回報，爲集團擴展業務的重要一步。集團打算持有此物業作長期投資，亦正計劃逐步增加在其他主要國際級城市的投資。”值得一提的是，香港華懋集團曾和德國投資基金UnionInvestments、以及一個超高淨值家族投資者一同競購這一大樓，最終華懋集團勝出。德勤倫敦總部大樓（1 New Street Square）於2016年開發，位於倫敦一區Holborn，具體郵編爲EC4A 3HQ，靠近Blackfriars、Chancery Lane、Farringdon等地鐵站和火車站。值得注意的是，該大樓和華懋集團2022年9月收購的TikTok倫敦總部——“萬花筒大樓”（Kaleidoscope）之間，步行距離僅10分鐘左右。1&nbsp;New&nbsp;Street Square寫字樓共有16層，其可租用面積爲276,502平方尺，約合26,000平方米，整棟大樓玻璃窗的設計讓住戶可以無障礙地觀賞倫敦市中心的360°全景，聖保羅大教堂、倫敦眼、碎片大廈等地標盡收眼底。‍2015年，德勤預租了1&nbsp;New","text":"2023年1月29日，中國香港開發商華懋集團（China Chem）在其官網宣佈，已與英國房地產巨頭Landsec正式達成合約交換協議，完成收購位於倫敦市中心的地標寫字樓One New Street Square——該樓是全球四大會計事務所之一德勤（Deloitte）的倫敦總部大樓。最終收購價格爲3.495億英鎊，約爲29.25億人民幣。這是繼華懋去年9月以1.585億英鎊購入位於倫敦Farrington的TikTok倫敦總部——“萬花筒大樓”（Kaleidoscope）之後，近一年來第二次涉足倫敦商業地產市場。對於這筆交易，華懋集團執行董事兼行政總裁蔡宏興表示：“很高興收購倫敦大樓One New Street Square的產權。此物業位處倫敦中部核心區域，可帶來可觀回報，爲集團擴展業務的重要一步。集團打算持有此物業作長期投資，亦正計劃逐步增加在其他主要國際級城市的投資。”值得一提的是，香港華懋集團曾和德國投資基金UnionInvestments、以及一個超高淨值家族投資者一同競購這一大樓，最終華懋集團勝出。德勤倫敦總部大樓（1 New Street Square）於2016年開發，位於倫敦一區Holborn，具體郵編爲EC4A 3HQ，靠近Blackfriars、Chancery Lane、Farringdon等地鐵站和火車站。值得注意的是，該大樓和華懋集團2022年9月收購的TikTok倫敦總部——“萬花筒大樓”（Kaleidoscope）之間，步行距離僅10分鐘左右。1 New Street Square寫字樓共有16層，其可租用面積爲276,502平方尺，約合26,000平方米，整棟大樓玻璃窗的設計讓住戶可以無障礙地觀賞倫敦市中心的360°全景，聖保羅大教堂、倫敦眼、碎片大廈等地標盡收眼底。‍2015年，德勤預租了1 New","images":[{"img":"https://static.tigerbbs.com/1dab23e1cdd64474939fd0e1dd395544","width":"0","height":"0"},{"img":"https://static.tigerbbs.com/71d6e553d95e4ee685d10c0374f69119","width":"0","height":"0"},{"img":"https://static.tigerbbs.com/dd84160bb21241e2a708e42b136f65de","width":"0","height":"0"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/622996556","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":32,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":480,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9955027279,"gmtCreate":1675091452192,"gmtModify":1676538975700,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"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/9955027279","repostId":"622994334","repostType":1,"repost":{"id":622994334,"gmtCreate":1675089958030,"gmtModify":1676538975537,"author":{"id":"3488157435400312","authorId":"3488157435400312","name":"GPLP犀牛财经","avatar":"https://static.tigerbbs.com/14abc57b2bc335b01ce8f7df19813f91","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3488157435400312","authorIdStr":"3488157435400312"},"themes":[],"title":"變革發展，堅定出發，康佳集團公佈2022年年度業績預告","htmlText":"1月30日，康佳集團發佈了2022年年度業績預告，報告期內，康佳集團預計實現收入280-315億元。2022年，在面臨疫情反覆、消費下滑、供應鏈震盪與宏觀政策調整等因素疊加的複雜背景下，康佳集團以精益管理爲核心指導思想，聚焦主業發展，主動深入推進產業結構優化，堅持“消費類電子+半導體+新能源科技”三大產業主線，大力推進降本增效、控費節支，不斷強化科技創新，持續夯實專業能力建設，推動康佳集團高質量發展。康佳集團圍繞精益管理理念，以強身健體、穩健發展爲經營總基調，通過開展降本控費，推進應收款項回收，退出虧損和不符合公司發展戰略的下屬參控股企業等多種方式，推動精益管理工作，爲康佳集團高質量發展夯實基礎。康佳集團堅持以科技創新驅動，不斷強化“研究院-重點實驗室-產品研發中心”三級研發體系，持續加大在半導體、大數據、顯示技術、健康冷鮮技術等領域的研發投入，增強康佳集團科技創新能力。在覈心技術研發方面，報告期內，康佳集團多項關鍵核心技術取得突破，加速推進技術產業化進程。在半導體領域，康佳集團自主開發的Micro LED“混合式巨量轉移技術”修復後的三色轉移良率達到99.999%，15um*30um Micro LED芯片製作良率達到99%，並落地MLED直顯量產線等產業化項目。在白電領域，康佳集團開展了《基於逆布雷頓製冷技術的深冷冰箱技術開發》項目的應用基礎研究，在研發出民用空氣製冷深低溫-86℃冰箱後，進一步實現製冷溫度突破-120℃，開拓了康佳集團超低溫製冷產品在醫療、軍工、科研機構實驗室、運輸等領域的市場空間，開發的15天生態原鮮技術通過多場耦合保鮮技術，提升了冰箱內食品保鮮期。康佳集團在科技創新方面的成就也獲得了國家、行業內外的高度認可，成功榮獲國家級獎項1項，省部級獎項4項，其中《參數分離方法智能電視及存儲介質》榮獲中國專利優秀獎，《融合信息設備和信標協同互聯的智慧終端關鍵技","listText":"1月30日，康佳集團發佈了2022年年度業績預告，報告期內，康佳集團預計實現收入280-315億元。2022年，在面臨疫情反覆、消費下滑、供應鏈震盪與宏觀政策調整等因素疊加的複雜背景下，康佳集團以精益管理爲核心指導思想，聚焦主業發展，主動深入推進產業結構優化，堅持“消費類電子+半導體+新能源科技”三大產業主線，大力推進降本增效、控費節支，不斷強化科技創新，持續夯實專業能力建設，推動康佳集團高質量發展。康佳集團圍繞精益管理理念，以強身健體、穩健發展爲經營總基調，通過開展降本控費，推進應收款項回收，退出虧損和不符合公司發展戰略的下屬參控股企業等多種方式，推動精益管理工作，爲康佳集團高質量發展夯實基礎。康佳集團堅持以科技創新驅動，不斷強化“研究院-重點實驗室-產品研發中心”三級研發體系，持續加大在半導體、大數據、顯示技術、健康冷鮮技術等領域的研發投入，增強康佳集團科技創新能力。在覈心技術研發方面，報告期內，康佳集團多項關鍵核心技術取得突破，加速推進技術產業化進程。在半導體領域，康佳集團自主開發的Micro LED“混合式巨量轉移技術”修復後的三色轉移良率達到99.999%，15um*30um Micro LED芯片製作良率達到99%，並落地MLED直顯量產線等產業化項目。在白電領域，康佳集團開展了《基於逆布雷頓製冷技術的深冷冰箱技術開發》項目的應用基礎研究，在研發出民用空氣製冷深低溫-86℃冰箱後，進一步實現製冷溫度突破-120℃，開拓了康佳集團超低溫製冷產品在醫療、軍工、科研機構實驗室、運輸等領域的市場空間，開發的15天生態原鮮技術通過多場耦合保鮮技術，提升了冰箱內食品保鮮期。康佳集團在科技創新方面的成就也獲得了國家、行業內外的高度認可，成功榮獲國家級獎項1項，省部級獎項4項，其中《參數分離方法智能電視及存儲介質》榮獲中國專利優秀獎，《融合信息設備和信標協同互聯的智慧終端關鍵技","text":"1月30日，康佳集團發佈了2022年年度業績預告，報告期內，康佳集團預計實現收入280-315億元。2022年，在面臨疫情反覆、消費下滑、供應鏈震盪與宏觀政策調整等因素疊加的複雜背景下，康佳集團以精益管理爲核心指導思想，聚焦主業發展，主動深入推進產業結構優化，堅持“消費類電子+半導體+新能源科技”三大產業主線，大力推進降本增效、控費節支，不斷強化科技創新，持續夯實專業能力建設，推動康佳集團高質量發展。康佳集團圍繞精益管理理念，以強身健體、穩健發展爲經營總基調，通過開展降本控費，推進應收款項回收，退出虧損和不符合公司發展戰略的下屬參控股企業等多種方式，推動精益管理工作，爲康佳集團高質量發展夯實基礎。康佳集團堅持以科技創新驅動，不斷強化“研究院-重點實驗室-產品研發中心”三級研發體系，持續加大在半導體、大數據、顯示技術、健康冷鮮技術等領域的研發投入，增強康佳集團科技創新能力。在覈心技術研發方面，報告期內，康佳集團多項關鍵核心技術取得突破，加速推進技術產業化進程。在半導體領域，康佳集團自主開發的Micro LED“混合式巨量轉移技術”修復後的三色轉移良率達到99.999%，15um*30um Micro LED芯片製作良率達到99%，並落地MLED直顯量產線等產業化項目。在白電領域，康佳集團開展了《基於逆布雷頓製冷技術的深冷冰箱技術開發》項目的應用基礎研究，在研發出民用空氣製冷深低溫-86℃冰箱後，進一步實現製冷溫度突破-120℃，開拓了康佳集團超低溫製冷產品在醫療、軍工、科研機構實驗室、運輸等領域的市場空間，開發的15天生態原鮮技術通過多場耦合保鮮技術，提升了冰箱內食品保鮮期。康佳集團在科技創新方面的成就也獲得了國家、行業內外的高度認可，成功榮獲國家級獎項1項，省部級獎項4項，其中《參數分離方法智能電視及存儲介質》榮獲中國專利優秀獎，《融合信息設備和信標協同互聯的智慧終端關鍵技","images":[{"img":"https://static.tigerbbs.com/60addafc53d87da3e6c615671d4d1dd7","width":"865","height":"578"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/622994334","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":391,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9953798303,"gmtCreate":1673321739502,"gmtModify":1676538817915,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9953798303","repostId":"2302082351","repostType":4,"repost":{"id":"2302082351","kind":"highlight","pubTimestamp":1673314544,"share":"https://ttm.financial/m/news/2302082351?lang=&edition=fundamental","pubTime":"2023-01-10 09:35","market":"us","language":"en","title":"SPY: Is December CPI Optimism Setting A Sneaky Bull Trap?","url":"https://stock-news.laohu8.com/highlight/detail?id=2302082351","media":"Seeking Alpha","summary":"SummaryEveryone seems to be taking a good CPI report this week as a given, but history suggests infl","content":"<html><head></head><body><h2>Summary</h2><ul><li>Everyone seems to be taking a good CPI report this week as a given, but history suggests inflation tends to stick around for a while!</li><li>The weakening dollar, falling yields, January pay increases, and fiscal cost-of-living adjustments will all push inflation up in the near term.</li><li>My best guess is that inflation has another 12 months before monthly price rises are fully consistent with the Fed&#39;s 2% annual core inflation target.</li><li>Even if CPI comes in soft, bears like Morgan Stanley&#39;s Michael Wilson have suggested that a weaker CPI will be accompanied by weaker earnings and weaker profit margins than expected.</li><li>December CPI will be released on Thursday, January 12th at 8:30 AM Eastern Time.</li></ul><p>Markets cheered the nonfarm payrolls report on Friday, with the broad S&amp;P 500 index (NYSEARCA:SPY) rising over 2% on the day, with a big follow through on Monday as of my writing this. It seems to me like another case of algorithms gone wild, as the move was preceded by a selloff the day before on the ADP payrolls number. These are small data points, but at stake are the larger questions of where the Fed is likely to take interest rates–and whether the U.S. economy will pull off a soft landing or descend into recession after the pandemic&#39;s money-printing binge. The marketis pricing in several rate cuts over the next 12-18 months, while the Fed has indicated they want to hike rates more. With the S&amp;P 500 trading on the high end of its historical range at about 17.5x 2023 consensus earnings estimates of $225, the market needs to hit a parlay here. Highly valued stocks need a Fed pivot, and they need the pivot to come without an underlying collapse in earnings (i.e. a recession). This assumption will be getting a huge test this week with December CPI, released at 8:30 AM Eastern on Thursday. This data release will be key to understanding whether the current bear market in stocks will continue to grind lower or not. Markets may be overly complacent about CPI, with the optimism over CPI and the recent rally setting what could be a sneaky trap for investors.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/97eb6054fd618e14b41ab23a3df780a0\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><h2>Is Inflation Done? History Says Maybe Not</h2><p>Strategists at Bank of America (BAC) did a study in 2022 on inflationary environments in different time periods and different countries. Their question– when the rate of inflation rises above 5% annually, how long does it take for it to fall back to 2%? The Y axis here is in years, and the average is about 10 years. If you toss out countries in Southern Europe that took the longest, you&#39;re still looking at 6-12 years in many scenarios historically. The study only seems to go back to the late 1970s and early 1980s, but the post-WW2 inflationary bout didn&#39;t see US inflation return to 2% annually until 1949 (it then spiked again in the Korean War).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cc7aa061961bd59cddb1425c17a84fa5\" tg-width=\"640\" tg-height=\"370\" referrerpolicy=\"no-referrer\"/><span>History of Inflation (BofA)</span></p><p>This round of inflation started in early 2021, and inflation first breached our 5% threshold in May 2021. If inflation is down to 2% annually in 6 months like many in the market believe, it would be the fastest disinflation in modern history. If we take a relatively benign parallel from the early 1990s inflation bout, we&#39;d still be looking at 6 years.</p><p>To be fair, explicitly targeting 2% inflation has only been done since the Clinton years in the US, after successful trials in some other countries a few years before. But what history clearly demonstrates is that inflation is an ongoing process that does not go away on its own, and that even with best practice it sticks around for years. Otherwise, there would be all kinds of examples of transitory inflation in history that went away after a couple of years, and there aren&#39;t. Stocks and bonds are priced assuming that inflation comes down quickly and monetary policy stays rather loose, so if this is not the case then the market will need to adjust prices downward.</p><h2>Why Inflation Tends To Stick Around</h2><p>There are many reasons inflation tends to stick around. Some are mechanical, and some are more behavioral.</p><p>Mechanical reasons inflation sticks around are interesting, and we&#39;re about to see some of them kicking in now. The most famous is called a &#34;wage-price spiral&#34;, where demands for COL increases are met by companies, who pass on prices to customers, which makes the cost of living collectively go up more. Social Security COLA increases are another example of this. For 2023 Social Security is increasing by 8.7%. Social Security alone is 5-6% of GDP, so this increase alone will increase the 2023 money supply by about 0.5%. Behavioral reasons are interesting as well, we&#39;ve seen them in the housing and used car markets in recent years. When buyers buy so they can get in before prices go up even more, it causes prices to rise. This is also how asset bubbles get going, and it can work in reverse as well when the bubbles pop. Generally, businesses&#39; expectations of future inflation tend to correlate with future inflation, and even things like basic contracts get rewritten to add annual price increases.</p><p>Another reason that inflation tends to stick around is that central banks previously had a poor understanding of when inflation was truly beaten– like gardeners who simply trim weeds rather than pull the roots. In the 1970s, the Fed cut rates after inflation had superficially fallen, only to see it come back stronger than ever. Jerome Powell has repeatedly referenced this to push back against market expectations of rate cuts, but the market continues to defy him. What tends to happen is that the Fed will back off, the dollar weakens, interest rates fall, and stocks go up, all of which fuel inflation. This has all happened recently, with 10-year Treasury rates about 60 bps off their highs, the dollar down about 10% off its highs, and stocks rallying off of the lows. To this point, the rally in stocks and interest rates and the selloff in the dollar is putting upward pressure on inflation, leading to the possibility that the rally will soon be reversed. The most recent Fed minutes alluded to this, but the market still is ignoring what&#39;s right in front of it and continues to fight the Fed.</p><h2>Wage Inflation Is A Symptom Of A Messed-Up Economy, Not the Cause</h2><p>The market obviously got very excited about the nonfarm payrolls number on Friday, but the reaction was way overdone. If you look at wage growth over the past few years, it was never a key driver of inflation. Over the last 12 months, real earnings for workers are down about 3%. This is instructive. Economist Milton Freidman quipped that inflation was &#34;always and everywhere a monetary phenomenon,&#34; and while it&#39;s not 100% true, it&#39;s the best way of thinking about the current inflation. Big wage increases and strikes are not the main driver of inflation in and of themselves, but they&#39;re an inevitable result of pumping an excessive amount of money into the economy.</p><p>Just this morning, I woke up to an article that 7,000 New York City nurses are going on strike today. Some of this is healthcare industry-specific, but it follows strikes and contract renegotiations in places as far and wide as airlines, railroads, and dockworkers. The most recent nonfarm payrolls report shows a deceleration in wage gains, but the labor market continues to tighten, with payrolls rapidly outrunning population growth and the unemployment rate falling back to 3.5%. Wolf Richter took a deep dive into the payrolls report on his blog, but I thought I would share this graph to show that the weekly earnings numbers tend to be rather volatile.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f1db2031e36040f948bc0224a811e2ce\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"/><span>Average Weekly Earnings (Wolf Street)</span></p><p>The Fed&#39;s problem here in my mind is that price increases are outrunning wages, which in turn are outrunning productivity. This is totally backwards, and it is a clear warning against the idea that we&#39;re going to have an easy soft landing for the economy. A lot of the workers entering the &#34;labor force&#34; are self-employed gig workers who were getting W-2 jobs and getting big pay increases.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/33432bf602922c1b347671bc5a06b6e7\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p>Labor force participation overall is well below pre-pandemic levels.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d710413c74c2882a7e6faf7e246bb9c\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p>And why are prices increasing faster than wages? Because consumers got a ton of stimulus money in 2021, and now are spending down savings and running up debt to continue to consume.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f4c28369cdefcc93149e87d8f5a330d\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p>Consumers have some cushion left from pandemic savings, but when it&#39;s gone, it&#39;s gone, and probably in Q2 or Q3. The savings number is even crazier than it looks because it doesn&#39;t take into account the resumption of student loans, but it does take into account the free money to millions of Americans who refinanced their mortgages to ultra-low rates.</p><p>The problem is debt, and that&#39;s how recessions always start. Middle and upper-middle-class people (and sometimes companies and governments) borrow too much money based on their expectations for the future, and when the future comes in below expectations they&#39;ve got too much debt service. Same thing here– ultra-low rates caused a boom in all kinds of borrowing– personal, corporate, and government, and a lot of that money was not invested productively but rather went into meme stocks, altcoins, single-family houses in the desert, or plain old conspicuous consumption.</p><p>The root cause of this inflation is massive government spending. The US ran deficits of 14.9% of GDP in 2020, 12.3% in 2021, and 5.5% in 2022. There are only two ways to deal with this, you either go to the private market and sell the debt at a market price, or you have your central bank print money to buy the debt, which almost always will lead to a bunch of inflation. This happens all the time in emerging markets, but the last congress in the US was the wildest spending congress in history. It never ends well. What&#39;s clear is that the new Congress is going to crack way down on spending. The optimistic way to view this is that Republicans are not going to make any more choices that lead to short-term benefits for long-term pain. The more cynical way to view it is that they have no incentive to spur the economy before the 2024 presidential election, so it&#39;s better to pull the plug now and let the inevitable recession happen on Biden&#39;s watch rather than their own.</p><h2>Where Will Stocks Go From Here?</h2><p>If the S&amp;P 500 breaks above 4,000, it&#39;ll officially be round 3 of pivot mania after the first round in July/August and the second round in October/November. Morgan Stanley&#39;s (MS) Mike Wilson has argued for the past few months that CPI will come in below expectations, but earnings and margins will be significantly worse than the market thinks, pushing the S&amp;P 500 to around 3000. Former Treasury Secretary Larry Summers has argued that the expectations for a low-inflation economy are too optimistic. Michael Burry has argued that the US will enter recession, leading to more stimulus and another huge inflation spike. However, if you look at history, the market tends to bottom well after the Fed starts cutting rates, sometimes over a year later (this implies stocks won&#39;t bottom until 2024).</p><p>The near-term direction of stocks will be heavily influenced by the CPI report this week. There are some forces pushing inflation down, such as the popping used car bubble and the popping housing bubble. However, there are also powerful forces pushing it up, such as a weakening dollar, renewed risk appetite for stocks, and yearly cost of living boosts that come this time of year.</p><p>The Cleveland Fed&#39;s econometric model is calling for CPI of 0.1% (cheaper gas!), but a stubbornly high core CPI of 0.48%. The Fed typically pays more attention to the core. The model traditionally outperforms professional forecasters but has come in low the past couple of months, largely due to a quirk in the way CPI calculates the cost of health insurance. If the Cleveland Fed is on the money about a 0.5% month-over-month inflation report, stocks are likely to take it very harshly. Conversely, an in-line number is likely to allow stocks to continue their latest rally. However, the Fed is concerned about loosening financial conditions, so any rally in stocks may be talked back down by Fed speakers, knowing in the back of their minds that the weaker dollar and decline in rates are likely to complicate their inflation fight. If CPI comes in hotter than expected, the Fed is likely to go 50 bps at their meeting at the end of the month, and if it comes in cooler, then 25 bps is more likely. The main debate at the Fed continues to be how much inflation is transitory and how much is entrenched because it affects how high interest rates will need to go. If you think half of core inflation (excluding food and energy) is transitory, the current Fed rate of 4.5% is about right under standard econometric models (the legitimate ones, not the ones politicians like to quote). This seems low though, and assuming one-third of inflation is transitory gets you a Fed funds rate of 5.5% or higher.</p><p>For an idea of how much stocks could fall, a 15x multiple is more typical for this type of high-rate environment, which would take the S&amp;P 500 to 3400 if earnings estimates hold up at $225 and to 2900 if they don&#39;t and fall to $195. For many highly valued tech stocks and the broad market, the prospect of more Fed tightening is terrible. But for US banks and brokerages like Truist (TFC), Bank of America, and Morgan Stanley, things look better. If you have a higher risk appetite, Canadian banks like Bank of Nova Scotia (BNS) and Bank of Montreal (BMO) have more yield but more downside exposure to a recession. Insurers are interesting as well because they benefit from higher yields on their premiums, some stocks like Prudential (PRU), Travelers (TRV), Allstate (ALL), and Tokio Marine (OTCPK:TKOMY) are the subject of some nice investor debate. For a one-fund solution for bullish investors, consider the <a href=\"https://laohu8.com/S/EMDI\">iShares</a> Small Cap S&amp;P 600 Fund (IJR).</p><h2>Key Takeaways</h2><ul><li>Investors are optimistic about Thursday&#39;s CPI report, but history and econometric models continue to suggest that inflation is not yet conquered. A hot CPI report is likely to be taken very harshly by markets.</li><li>If CPI is cooling because the economy is rolling over into recession, strategists like Morgan Stanley&#39;s Mike Wilson have suggested that investors may win the battle but lose the war in 2023.</li><li>With stocks trading for over 17x earnings while cash rates are expected to top 5%, investors aren&#39;t getting very good compensation for buying stocks–they can earn 5% risk-free.</li><li>Massive deficit spending was the key driver of the pandemic boom, but the current Republican House of Representatives is already signaling that it will put some serious pressure on government spending, while the Supreme Court is likely to dismantle the student loan pause. This could lead to a recession with little to no fiscal support. In the end, it would balance the economy and pop the asset bubbles, but the American consumer&#39;s record-spending run would be dead and gone.</li><li>If you&#39;re itching to buy stocks, I believe the financial sector is the best place to be sector-wise because of low valuations and the fact that earnings from financial stocks will benefit from interest rates being higher for longer than the market expects.</li></ul><p><i>This article is written by Logan Kane for reference only. Please note the risks.</i></p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SPY: Is December CPI Optimism Setting A Sneaky Bull Trap?</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\">\nSPY: Is December CPI Optimism Setting A Sneaky Bull Trap?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-10 09:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568794-spy-is-december-cpi-optimism-setting-a-sneaky-bull-trap><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryEveryone seems to be taking a good CPI report this week as a given, but history suggests inflation tends to stick around for a while!The weakening dollar, falling yields, January pay increases,...</p>\n\n<a href=\"https://seekingalpha.com/article/4568794-spy-is-december-cpi-optimism-setting-a-sneaky-bull-trap\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","BK4207":"综合性银行","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H",".DJI":"道琼斯","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","SPY":"标普500ETF","LU0106831901.USD":"贝莱德世界金融基金A2","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4127":"投资银行业与经纪业","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BK4107":"财产与意外伤害保险","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU0971096721.USD":"富达环球金融服务 A","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4162":"人寿与健康保险","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4550":"红杉资本持仓","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元"},"source_url":"https://seekingalpha.com/article/4568794-spy-is-december-cpi-optimism-setting-a-sneaky-bull-trap","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2302082351","content_text":"SummaryEveryone seems to be taking a good CPI report this week as a given, but history suggests inflation tends to stick around for a while!The weakening dollar, falling yields, January pay increases, and fiscal cost-of-living adjustments will all push inflation up in the near term.My best guess is that inflation has another 12 months before monthly price rises are fully consistent with the Fed's 2% annual core inflation target.Even if CPI comes in soft, bears like Morgan Stanley's Michael Wilson have suggested that a weaker CPI will be accompanied by weaker earnings and weaker profit margins than expected.December CPI will be released on Thursday, January 12th at 8:30 AM Eastern Time.Markets cheered the nonfarm payrolls report on Friday, with the broad S&P 500 index (NYSEARCA:SPY) rising over 2% on the day, with a big follow through on Monday as of my writing this. It seems to me like another case of algorithms gone wild, as the move was preceded by a selloff the day before on the ADP payrolls number. These are small data points, but at stake are the larger questions of where the Fed is likely to take interest rates–and whether the U.S. economy will pull off a soft landing or descend into recession after the pandemic's money-printing binge. The marketis pricing in several rate cuts over the next 12-18 months, while the Fed has indicated they want to hike rates more. With the S&P 500 trading on the high end of its historical range at about 17.5x 2023 consensus earnings estimates of $225, the market needs to hit a parlay here. Highly valued stocks need a Fed pivot, and they need the pivot to come without an underlying collapse in earnings (i.e. a recession). This assumption will be getting a huge test this week with December CPI, released at 8:30 AM Eastern on Thursday. This data release will be key to understanding whether the current bear market in stocks will continue to grind lower or not. Markets may be overly complacent about CPI, with the optimism over CPI and the recent rally setting what could be a sneaky trap for investors.Data by YChartsIs Inflation Done? History Says Maybe NotStrategists at Bank of America (BAC) did a study in 2022 on inflationary environments in different time periods and different countries. Their question– when the rate of inflation rises above 5% annually, how long does it take for it to fall back to 2%? The Y axis here is in years, and the average is about 10 years. If you toss out countries in Southern Europe that took the longest, you're still looking at 6-12 years in many scenarios historically. The study only seems to go back to the late 1970s and early 1980s, but the post-WW2 inflationary bout didn't see US inflation return to 2% annually until 1949 (it then spiked again in the Korean War).History of Inflation (BofA)This round of inflation started in early 2021, and inflation first breached our 5% threshold in May 2021. If inflation is down to 2% annually in 6 months like many in the market believe, it would be the fastest disinflation in modern history. If we take a relatively benign parallel from the early 1990s inflation bout, we'd still be looking at 6 years.To be fair, explicitly targeting 2% inflation has only been done since the Clinton years in the US, after successful trials in some other countries a few years before. But what history clearly demonstrates is that inflation is an ongoing process that does not go away on its own, and that even with best practice it sticks around for years. Otherwise, there would be all kinds of examples of transitory inflation in history that went away after a couple of years, and there aren't. Stocks and bonds are priced assuming that inflation comes down quickly and monetary policy stays rather loose, so if this is not the case then the market will need to adjust prices downward.Why Inflation Tends To Stick AroundThere are many reasons inflation tends to stick around. Some are mechanical, and some are more behavioral.Mechanical reasons inflation sticks around are interesting, and we're about to see some of them kicking in now. The most famous is called a \"wage-price spiral\", where demands for COL increases are met by companies, who pass on prices to customers, which makes the cost of living collectively go up more. Social Security COLA increases are another example of this. For 2023 Social Security is increasing by 8.7%. Social Security alone is 5-6% of GDP, so this increase alone will increase the 2023 money supply by about 0.5%. Behavioral reasons are interesting as well, we've seen them in the housing and used car markets in recent years. When buyers buy so they can get in before prices go up even more, it causes prices to rise. This is also how asset bubbles get going, and it can work in reverse as well when the bubbles pop. Generally, businesses' expectations of future inflation tend to correlate with future inflation, and even things like basic contracts get rewritten to add annual price increases.Another reason that inflation tends to stick around is that central banks previously had a poor understanding of when inflation was truly beaten– like gardeners who simply trim weeds rather than pull the roots. In the 1970s, the Fed cut rates after inflation had superficially fallen, only to see it come back stronger than ever. Jerome Powell has repeatedly referenced this to push back against market expectations of rate cuts, but the market continues to defy him. What tends to happen is that the Fed will back off, the dollar weakens, interest rates fall, and stocks go up, all of which fuel inflation. This has all happened recently, with 10-year Treasury rates about 60 bps off their highs, the dollar down about 10% off its highs, and stocks rallying off of the lows. To this point, the rally in stocks and interest rates and the selloff in the dollar is putting upward pressure on inflation, leading to the possibility that the rally will soon be reversed. The most recent Fed minutes alluded to this, but the market still is ignoring what's right in front of it and continues to fight the Fed.Wage Inflation Is A Symptom Of A Messed-Up Economy, Not the CauseThe market obviously got very excited about the nonfarm payrolls number on Friday, but the reaction was way overdone. If you look at wage growth over the past few years, it was never a key driver of inflation. Over the last 12 months, real earnings for workers are down about 3%. This is instructive. Economist Milton Freidman quipped that inflation was \"always and everywhere a monetary phenomenon,\" and while it's not 100% true, it's the best way of thinking about the current inflation. Big wage increases and strikes are not the main driver of inflation in and of themselves, but they're an inevitable result of pumping an excessive amount of money into the economy.Just this morning, I woke up to an article that 7,000 New York City nurses are going on strike today. Some of this is healthcare industry-specific, but it follows strikes and contract renegotiations in places as far and wide as airlines, railroads, and dockworkers. The most recent nonfarm payrolls report shows a deceleration in wage gains, but the labor market continues to tighten, with payrolls rapidly outrunning population growth and the unemployment rate falling back to 3.5%. Wolf Richter took a deep dive into the payrolls report on his blog, but I thought I would share this graph to show that the weekly earnings numbers tend to be rather volatile.Average Weekly Earnings (Wolf Street)The Fed's problem here in my mind is that price increases are outrunning wages, which in turn are outrunning productivity. This is totally backwards, and it is a clear warning against the idea that we're going to have an easy soft landing for the economy. A lot of the workers entering the \"labor force\" are self-employed gig workers who were getting W-2 jobs and getting big pay increases.Data by YChartsLabor force participation overall is well below pre-pandemic levels.Data by YChartsAnd why are prices increasing faster than wages? Because consumers got a ton of stimulus money in 2021, and now are spending down savings and running up debt to continue to consume.Data by YChartsConsumers have some cushion left from pandemic savings, but when it's gone, it's gone, and probably in Q2 or Q3. The savings number is even crazier than it looks because it doesn't take into account the resumption of student loans, but it does take into account the free money to millions of Americans who refinanced their mortgages to ultra-low rates.The problem is debt, and that's how recessions always start. Middle and upper-middle-class people (and sometimes companies and governments) borrow too much money based on their expectations for the future, and when the future comes in below expectations they've got too much debt service. Same thing here– ultra-low rates caused a boom in all kinds of borrowing– personal, corporate, and government, and a lot of that money was not invested productively but rather went into meme stocks, altcoins, single-family houses in the desert, or plain old conspicuous consumption.The root cause of this inflation is massive government spending. The US ran deficits of 14.9% of GDP in 2020, 12.3% in 2021, and 5.5% in 2022. There are only two ways to deal with this, you either go to the private market and sell the debt at a market price, or you have your central bank print money to buy the debt, which almost always will lead to a bunch of inflation. This happens all the time in emerging markets, but the last congress in the US was the wildest spending congress in history. It never ends well. What's clear is that the new Congress is going to crack way down on spending. The optimistic way to view this is that Republicans are not going to make any more choices that lead to short-term benefits for long-term pain. The more cynical way to view it is that they have no incentive to spur the economy before the 2024 presidential election, so it's better to pull the plug now and let the inevitable recession happen on Biden's watch rather than their own.Where Will Stocks Go From Here?If the S&P 500 breaks above 4,000, it'll officially be round 3 of pivot mania after the first round in July/August and the second round in October/November. Morgan Stanley's (MS) Mike Wilson has argued for the past few months that CPI will come in below expectations, but earnings and margins will be significantly worse than the market thinks, pushing the S&P 500 to around 3000. Former Treasury Secretary Larry Summers has argued that the expectations for a low-inflation economy are too optimistic. Michael Burry has argued that the US will enter recession, leading to more stimulus and another huge inflation spike. However, if you look at history, the market tends to bottom well after the Fed starts cutting rates, sometimes over a year later (this implies stocks won't bottom until 2024).The near-term direction of stocks will be heavily influenced by the CPI report this week. There are some forces pushing inflation down, such as the popping used car bubble and the popping housing bubble. However, there are also powerful forces pushing it up, such as a weakening dollar, renewed risk appetite for stocks, and yearly cost of living boosts that come this time of year.The Cleveland Fed's econometric model is calling for CPI of 0.1% (cheaper gas!), but a stubbornly high core CPI of 0.48%. The Fed typically pays more attention to the core. The model traditionally outperforms professional forecasters but has come in low the past couple of months, largely due to a quirk in the way CPI calculates the cost of health insurance. If the Cleveland Fed is on the money about a 0.5% month-over-month inflation report, stocks are likely to take it very harshly. Conversely, an in-line number is likely to allow stocks to continue their latest rally. However, the Fed is concerned about loosening financial conditions, so any rally in stocks may be talked back down by Fed speakers, knowing in the back of their minds that the weaker dollar and decline in rates are likely to complicate their inflation fight. If CPI comes in hotter than expected, the Fed is likely to go 50 bps at their meeting at the end of the month, and if it comes in cooler, then 25 bps is more likely. The main debate at the Fed continues to be how much inflation is transitory and how much is entrenched because it affects how high interest rates will need to go. If you think half of core inflation (excluding food and energy) is transitory, the current Fed rate of 4.5% is about right under standard econometric models (the legitimate ones, not the ones politicians like to quote). This seems low though, and assuming one-third of inflation is transitory gets you a Fed funds rate of 5.5% or higher.For an idea of how much stocks could fall, a 15x multiple is more typical for this type of high-rate environment, which would take the S&P 500 to 3400 if earnings estimates hold up at $225 and to 2900 if they don't and fall to $195. For many highly valued tech stocks and the broad market, the prospect of more Fed tightening is terrible. But for US banks and brokerages like Truist (TFC), Bank of America, and Morgan Stanley, things look better. If you have a higher risk appetite, Canadian banks like Bank of Nova Scotia (BNS) and Bank of Montreal (BMO) have more yield but more downside exposure to a recession. Insurers are interesting as well because they benefit from higher yields on their premiums, some stocks like Prudential (PRU), Travelers (TRV), Allstate (ALL), and Tokio Marine (OTCPK:TKOMY) are the subject of some nice investor debate. For a one-fund solution for bullish investors, consider the iShares Small Cap S&P 600 Fund (IJR).Key TakeawaysInvestors are optimistic about Thursday's CPI report, but history and econometric models continue to suggest that inflation is not yet conquered. A hot CPI report is likely to be taken very harshly by markets.If CPI is cooling because the economy is rolling over into recession, strategists like Morgan Stanley's Mike Wilson have suggested that investors may win the battle but lose the war in 2023.With stocks trading for over 17x earnings while cash rates are expected to top 5%, investors aren't getting very good compensation for buying stocks–they can earn 5% risk-free.Massive deficit spending was the key driver of the pandemic boom, but the current Republican House of Representatives is already signaling that it will put some serious pressure on government spending, while the Supreme Court is likely to dismantle the student loan pause. This could lead to a recession with little to no fiscal support. In the end, it would balance the economy and pop the asset bubbles, but the American consumer's record-spending run would be dead and gone.If you're itching to buy stocks, I believe the financial sector is the best place to be sector-wise because of low valuations and the fact that earnings from financial stocks will benefit from interest rates being higher for longer than the market expects.This article is written by Logan Kane for reference only. Please note the risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":829,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9953251403,"gmtCreate":1673272924503,"gmtModify":1676538809347,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ZOM\">$Zomedica Pharmaceuticals Corp.(ZOM)$&nbsp;</a>Up up up&nbsp;","listText":"<a href=\"https://ttm.financial/S/ZOM\">$Zomedica Pharmaceuticals Corp.(ZOM)$&nbsp;</a>Up up up&nbsp;","text":"$Zomedica Pharmaceuticals Corp.(ZOM)$ Up up up","images":[{"img":"https://community-static.tradeup.com/news/efbad210f059cff859c79cdc3e639e5d","width":"1242","height":"2580"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9953251403","isVote":1,"tweetType":1,"viewCount":344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9953259576,"gmtCreate":1673272521195,"gmtModify":1676538809260,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9953259576","repostId":"1182490035","repostType":4,"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9959377648,"gmtCreate":1672919777884,"gmtModify":1676538757924,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959377648","repostId":"2300447122","repostType":4,"repost":{"id":"2300447122","kind":"highlight","pubTimestamp":1672932607,"share":"https://ttm.financial/m/news/2300447122?lang=&edition=fundamental","pubTime":"2023-01-05 23:30","market":"us","language":"en","title":"Down Over 20% In 2022, These 3 Warren Buffett Stocks Are Smart Buys in 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=2300447122","media":"Motley Fool","summary":"The price levels for these three Berkshire stocks might be too good for long-term investors to pass up.","content":"<html><head></head><body><p>When investors are looking for guidance on stock picks, it can help to follow the lead of successful investors. Warren Buffett has a long history of market success and his investing strategies can point most investors in the right direction. Through his holding company, <b>Berkshire Hathaway</b>, Buffett has achieved success that has made him one of the best-known investors of all time.</p><p>But just because he&#39;s been successful doesn&#39;t mean Buffett&#39;s investments are foolproof or exempt from market downturns. Like many other investors in 2022, Buffett saw some of his (and Berkshire&#39;s) holdings lose value over the past 12 months. Let&#39;s take a closer look at three of those picks that lost value in 2022 and whether they are worth buying in 2023.</p><h2>1. Amazon</h2><p>Warren Buffett is known for value investing, a strategy involving finding stocks that are trading below their intrinsic (real) value. For example, if a company&#39;s stock price is $200 and an investor believes its intrinsic value is $250, they would invest, hoping to profit from the 25% increase when the market finally prices the stock correctly.</p><p>Although <b>Amazon</b> didn&#39;t fit the mold of a value stock for much of its existence, it&#39;s getting closer to matching that description these days. And while Buffett initially avoided the stock because it was so focused on growth, he has grown to love it. Berkshire Hathaway began buying Amazon stocks in 2019 at the direction of one of Buffett&#39;s trusted lieutenants, and the Oracle of Omaha admitted he was &#34;an idiot&#34; for not buying sooner.</p><p>Most everyone is familiar with Amazon as an online retailer, but it is becoming more known these days for its somewhat underrated (but lucrative) part of its business -- its cloud computing segment Amazon Web Services (AWS). As of September 2022, AWS controlled around 34% of the cloud market and lead the category by a wide margin. Cloud services are becoming increasingly indispensable for many businesses, and the global cloud market is currently around $480 billion. But it&#39;s expected to surpass $1.7 trillion annually by 2029, a compound annual growth rate (CAGR) of nearly 20%.</p><p>E-commerce is Amazon&#39;s bread and butter, but AWS is where the profits will be found, especially when you look at its margins. In 2021, AWS accounted for around 13% of Amazon&#39;s revenue, but it was responsible for almost three-quarters of its operating profit. Advertising is another segment seeing outsized growth for Amazon, pulling in nearly $10 billion just in its most recent quarter and climbing 25% year over year.</p><p><img src=\"https://static.tigerbbs.com/8f552c74d2e16b339b3eef1fa9208576\" tg-width=\"720\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/></p><p>Data by YCharts.</p><p>Amazon&#39;s price-to-earnings (P/E) ratio is down over 72% in the past five years, meaning the stock is as cheap as it&#39;s been in a while. The stock price was down about 49% in 2022, but very few analysts expect it not to recover those losses. This opportunity could be too good to pass up for long-term investors.</p><h2>2. Bank of America</h2><p>Although Berkshire Hathaway stock doesn&#39;t pay dividends, dividend stocks make up a good portion of its portfolio, bringing in more than $6 billion in yearly dividend income to the company. One of those dividend cash cows is <b>Bank of America</b>, which Berkshire Hathaway owns over 1.03 billion shares of (it accounts for 11% of Berkshire&#39;s portfolio). With a $0.88 yearly dividend per share, Bank of America provides Berkshire Hathaway with over $1 billion in dividend income annually.</p><p>As with many other companies, it was a rough 2022 for Bank of America, down about 25.6%. While rising interest rates negatively affected the bottom line of many businesses, it was a plus for bank stocks like Bank of America as it increased interest income on the money it lent. In the third quarter of 2022, BofA brought in $13.8 billion in interest income, up 24% year over year and more than half of its $24.5 billion in total revenue. Until inflation is brought under control, those elevated interest rates are likely to remain.</p><p>As the country&#39;s second-largest bank, Bank of America is well-capitalized to handle any adverse economic conditions that could come in 2023. The repercussions of a less-than-ideal economy are likely already priced into the stock, which could mean it&#39;ll see brighter days before the overall economy -- especially when investors begin to anticipate better conditions instead of prepping for the worst.</p><p><img src=\"https://static.tigerbbs.com/f98653259f0fd2e507d7138444e55567\" tg-width=\"720\" tg-height=\"500\" referrerpolicy=\"no-referrer\"/></p><p>Data by YCharts.</p><p>There&#39;s a reason Bank of America is considered a blue chip stock: It&#39;s battle-tested and proven. And at current price levels and forward P/E ratios below other competitors, it&#39;s a great long-term play for investors with time on their side.</p><h2>3. Apple</h2><p>With a market cap hovering around the $2 trillion mark, <b>Apple</b> is the world&#39;s most valuable company and the largest Berkshire Hathaway holding by market value. It&#39;s also a certified cash cow, bringing in over $394.3 billion in revenue in its 2022 fiscal year, up 7.8%, and $100 billion in net income, up 5.4%. It&#39;s these kind of metrics that Buffett loves in companies: stable earnings, strong balance sheets, and plenty of profits.</p><p>Two things make Apple a solid buy right now: an emphasis on making services a bigger part of its revenue and its free cash flow (FCF).</p><p>The brand loyalty of Apple consumers can&#39;t be understated. Once someone is in the company&#39;s ecosystem, it&#39;s hard to abandon it completely. But part of creating such an effective ecosystem is having the services to complement its hardware products. In its 2022 fiscal year, Apple&#39;s services revenue grew by over 14%, compared to just over 6% for its hardware. Services provide roughly one-fifth of the company&#39;s revenue, but the steady growth is a positive sign for the future.</p><p><img src=\"https://static.tigerbbs.com/57ef62ba71203f7aa358bcb15ec4c52c\" tg-width=\"720\" tg-height=\"500\" referrerpolicy=\"no-referrer\"/></p><p>Data by YCharts.</p><p>Apple&#39;s $111.4 billion in FCF gives it the financial resources to weather any economic storm, and with its stock down nearly 27% in the past 12 months, now could be the time for investing in it or increase a current stake. The company&#39;s commitment to innovation will be a growth driver for many years to come.</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>Down Over 20% In 2022, These 3 Warren Buffett Stocks Are Smart Buys in 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\">\nDown Over 20% In 2022, These 3 Warren Buffett Stocks Are Smart Buys in 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-05 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/01/04/down-this-year-warren-buffett-stock-smart-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When investors are looking for guidance on stock picks, it can help to follow the lead of successful investors. Warren Buffett has a long history of market success and his investing strategies can ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/01/04/down-this-year-warren-buffett-stock-smart-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","AAPL":"苹果","BAC":"美国银行"},"source_url":"https://www.fool.com/investing/2023/01/04/down-this-year-warren-buffett-stock-smart-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2300447122","content_text":"When investors are looking for guidance on stock picks, it can help to follow the lead of successful investors. Warren Buffett has a long history of market success and his investing strategies can point most investors in the right direction. Through his holding company, Berkshire Hathaway, Buffett has achieved success that has made him one of the best-known investors of all time.But just because he's been successful doesn't mean Buffett's investments are foolproof or exempt from market downturns. Like many other investors in 2022, Buffett saw some of his (and Berkshire's) holdings lose value over the past 12 months. Let's take a closer look at three of those picks that lost value in 2022 and whether they are worth buying in 2023.1. AmazonWarren Buffett is known for value investing, a strategy involving finding stocks that are trading below their intrinsic (real) value. For example, if a company's stock price is $200 and an investor believes its intrinsic value is $250, they would invest, hoping to profit from the 25% increase when the market finally prices the stock correctly.Although Amazon didn't fit the mold of a value stock for much of its existence, it's getting closer to matching that description these days. And while Buffett initially avoided the stock because it was so focused on growth, he has grown to love it. Berkshire Hathaway began buying Amazon stocks in 2019 at the direction of one of Buffett's trusted lieutenants, and the Oracle of Omaha admitted he was \"an idiot\" for not buying sooner.Most everyone is familiar with Amazon as an online retailer, but it is becoming more known these days for its somewhat underrated (but lucrative) part of its business -- its cloud computing segment Amazon Web Services (AWS). As of September 2022, AWS controlled around 34% of the cloud market and lead the category by a wide margin. Cloud services are becoming increasingly indispensable for many businesses, and the global cloud market is currently around $480 billion. But it's expected to surpass $1.7 trillion annually by 2029, a compound annual growth rate (CAGR) of nearly 20%.E-commerce is Amazon's bread and butter, but AWS is where the profits will be found, especially when you look at its margins. In 2021, AWS accounted for around 13% of Amazon's revenue, but it was responsible for almost three-quarters of its operating profit. Advertising is another segment seeing outsized growth for Amazon, pulling in nearly $10 billion just in its most recent quarter and climbing 25% year over year.Data by YCharts.Amazon's price-to-earnings (P/E) ratio is down over 72% in the past five years, meaning the stock is as cheap as it's been in a while. The stock price was down about 49% in 2022, but very few analysts expect it not to recover those losses. This opportunity could be too good to pass up for long-term investors.2. Bank of AmericaAlthough Berkshire Hathaway stock doesn't pay dividends, dividend stocks make up a good portion of its portfolio, bringing in more than $6 billion in yearly dividend income to the company. One of those dividend cash cows is Bank of America, which Berkshire Hathaway owns over 1.03 billion shares of (it accounts for 11% of Berkshire's portfolio). With a $0.88 yearly dividend per share, Bank of America provides Berkshire Hathaway with over $1 billion in dividend income annually.As with many other companies, it was a rough 2022 for Bank of America, down about 25.6%. While rising interest rates negatively affected the bottom line of many businesses, it was a plus for bank stocks like Bank of America as it increased interest income on the money it lent. In the third quarter of 2022, BofA brought in $13.8 billion in interest income, up 24% year over year and more than half of its $24.5 billion in total revenue. Until inflation is brought under control, those elevated interest rates are likely to remain.As the country's second-largest bank, Bank of America is well-capitalized to handle any adverse economic conditions that could come in 2023. The repercussions of a less-than-ideal economy are likely already priced into the stock, which could mean it'll see brighter days before the overall economy -- especially when investors begin to anticipate better conditions instead of prepping for the worst.Data by YCharts.There's a reason Bank of America is considered a blue chip stock: It's battle-tested and proven. And at current price levels and forward P/E ratios below other competitors, it's a great long-term play for investors with time on their side.3. AppleWith a market cap hovering around the $2 trillion mark, Apple is the world's most valuable company and the largest Berkshire Hathaway holding by market value. It's also a certified cash cow, bringing in over $394.3 billion in revenue in its 2022 fiscal year, up 7.8%, and $100 billion in net income, up 5.4%. It's these kind of metrics that Buffett loves in companies: stable earnings, strong balance sheets, and plenty of profits.Two things make Apple a solid buy right now: an emphasis on making services a bigger part of its revenue and its free cash flow (FCF).The brand loyalty of Apple consumers can't be understated. Once someone is in the company's ecosystem, it's hard to abandon it completely. But part of creating such an effective ecosystem is having the services to complement its hardware products. In its 2022 fiscal year, Apple's services revenue grew by over 14%, compared to just over 6% for its hardware. Services provide roughly one-fifth of the company's revenue, but the steady growth is a positive sign for the future.Data by YCharts.Apple's $111.4 billion in FCF gives it the financial resources to weather any economic storm, and with its stock down nearly 27% in the past 12 months, now could be the time for investing in it or increase a current stake. The company's commitment to innovation will be a growth driver for many years to come.","news_type":1},"isVote":1,"tweetType":1,"viewCount":188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9926754270,"gmtCreate":1671637938991,"gmtModify":1676538568275,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9926754270","repostId":"2293531190","repostType":4,"isVote":1,"tweetType":1,"viewCount":89,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9921797349,"gmtCreate":1671121603182,"gmtModify":1676538494928,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"👌&nbsp;","listText":"👌&nbsp;","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9921797349","repostId":"1137906061","repostType":4,"repost":{"id":"1137906061","kind":"news","pubTimestamp":1671114130,"share":"https://ttm.financial/m/news/1137906061?lang=&edition=fundamental","pubTime":"2022-12-15 22:22","market":"us","language":"en","title":"Chinese Stock Delisting Threat Eases as US Gets Access to Audit Data","url":"https://stock-news.laohu8.com/highlight/detail?id=1137906061","media":"Bloomberg","summary":"US watchdog says that it has been able to review audit papersShares jumped after the PCAOB’s announcement on ThursdayAbout 200 companies based in China and Hong Kong are no longer facing an acute thre","content":"<html><head></head><body><ul><li>US watchdog says that it has been able to review audit papers</li><li>Shares jumped after the PCAOB’s announcement on Thursday</li></ul><p><img src=\"https://static.tigerbbs.com/c0a01629590da18205cbfed927c2ea25\" tg-width=\"800\" tg-height=\"533\" referrerpolicy=\"no-referrer\"/></p><p>About 200 companies based in China and Hong Kong are no longer facing an acute threat of being booted off American stock exchanges.</p><p>The US Public Company Accounting Oversight Board said its inspectors have been able to sufficiently review audit documents from firms based in the two jurisdictions. The determination diminishes the chances that companies includingAlibaba Group Holding LtdandJD.com Inc.will be delisted in New York.</p><p>Shares of US-listed China stocks jumped across the board in premarket trading.</p><p>“Inspectors and investigators were able to view complete audit work papers with all information included, and the PCAOB was able to retain information as needed,” the watchdog said in a statement.</p><p>PCAOB Chair Erica Williams told reporters after the announcement that the agency would re-assess if access started be less available.</p><p>China and Hong Kong are the only places that historically haven’t allowed the reviews, with officials citing national security and confidentiality concerns. The auditor watchdog’s announcement follows a recent high-stakes round of PCAOB inspections in Hong Kong, which represented a major break through in a long-running dispute.</p><p>The clash over audits became a political sticking point after a US law in 2020 said firms whose work papers can’t be inspected face being kicked off theNew York Stock Exchangeand Nasdaq. The legislation set a three-year timeframe for the delisting companies.</p><p>In a separate statement, SEC Chair Gary Gensler lauded the announcement. “This marks the first time that Chinese authorities allowed access for complete inspections and investigations meeting US standards,” he said in a statement, adding that inspectors must continue to be able to review the papers.</p></body></html>","source":"lsy1584095487587","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>Chinese Stock Delisting Threat Eases as US Gets Access to Audit Data</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\">\nChinese Stock Delisting Threat Eases as US Gets Access to Audit Data\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-15 22:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-12-15/chinese-stock-delisting-risk-falls-after-us-watchdog-got-access><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>US watchdog says that it has been able to review audit papersShares jumped after the PCAOB’s announcement on ThursdayAbout 200 companies based in China and Hong Kong are no longer facing an acute ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-12-15/chinese-stock-delisting-risk-falls-after-us-watchdog-got-access\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JD":"京东","BIDU":"百度","LI":"理想汽车","XPEV":"小鹏汽车","PDD":"拼多多","BABA":"阿里巴巴","NIO":"蔚来"},"source_url":"https://www.bloomberg.com/news/articles/2022-12-15/chinese-stock-delisting-risk-falls-after-us-watchdog-got-access","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137906061","content_text":"US watchdog says that it has been able to review audit papersShares jumped after the PCAOB’s announcement on ThursdayAbout 200 companies based in China and Hong Kong are no longer facing an acute threat of being booted off American stock exchanges.The US Public Company Accounting Oversight Board said its inspectors have been able to sufficiently review audit documents from firms based in the two jurisdictions. The determination diminishes the chances that companies includingAlibaba Group Holding LtdandJD.com Inc.will be delisted in New York.Shares of US-listed China stocks jumped across the board in premarket trading.“Inspectors and investigators were able to view complete audit work papers with all information included, and the PCAOB was able to retain information as needed,” the watchdog said in a statement.PCAOB Chair Erica Williams told reporters after the announcement that the agency would re-assess if access started be less available.China and Hong Kong are the only places that historically haven’t allowed the reviews, with officials citing national security and confidentiality concerns. The auditor watchdog’s announcement follows a recent high-stakes round of PCAOB inspections in Hong Kong, which represented a major break through in a long-running dispute.The clash over audits became a political sticking point after a US law in 2020 said firms whose work papers can’t be inspected face being kicked off theNew York Stock Exchangeand Nasdaq. The legislation set a three-year timeframe for the delisting companies.In a separate statement, SEC Chair Gary Gensler lauded the announcement. “This marks the first time that Chinese authorities allowed access for complete inspections and investigations meeting US standards,” he said in a statement, adding that inspectors must continue to be able to review the papers.","news_type":1},"isVote":1,"tweetType":1,"viewCount":207,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9929252918,"gmtCreate":1670685659234,"gmtModify":1676538417089,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9929252918","repostId":"1181869151","repostType":4,"repost":{"id":"1181869151","kind":"news","pubTimestamp":1670636698,"share":"https://ttm.financial/m/news/1181869151?lang=&edition=fundamental","pubTime":"2022-12-10 09:44","market":"us","language":"en","title":"Elon Musk’s Tweeting Is Problematic for Tesla Stock. Here’s Proof","url":"https://stock-news.laohu8.com/highlight/detail?id=1181869151","media":"Barron's","summary":"Twitteris an undeniable overhang forTeslastock. Investors feel it, Wall Street believes it, and now the data say so. What no one knows is how long the overhang will last—or if it will get worse.New St","content":"<html><head></head><body><p>Twitter is an undeniable overhang for Tesla stock. Investors feel it, Wall Street believes it, and now the data say so. What no one knows is how long the overhang will last—or if it will get worse.</p><p>New Street Research analyst Pierre Ferragu took to Twitter on Friday to explain what’s going on with Tesla stock (ticker: TSLA), which was off 49% so far this year as of the close on Friday.</p><p>He attributed the bulk of the decline to what’s happened to the market, which seems sensible. The Nasdaq Composite is off about 30% year to date, and most car-related stocks have been hit hard by rising interest rates and inflation. General Motors (GM) and Ford Motor (F) shares are off about 35% and 36%, respectively, so far this year.</p><p>Twitter is also a factor for Ferragu, who noted that perceptions of Tesla’s brand are sliding. Tesla’s net brand favorability score, which is positive opinions minus negative opinions, is down about six to 10 percentage points, hovering around 20%. That tops the the U.S. government’s score, which is less than zero, according to Ferragu’s data.</p><p><img src=\"https://static.tigerbbs.com/2e818e41d57a14c6cac9cab049bb3f61\" tg-width=\"827\" tg-height=\"884\" width=\"100%\" height=\"auto\"/></p><p>Ferragu rates Tesla stock at Buy with a Street-high price target of $530, according to FactSet.</p><p>“Impact on brand perception in the general public is visible and material, but it is very unlikely to affect materially buying behaviors in the near term,” Ferragu tells<i>Barron’s</i>in an emailed statement, adding “it will turn fast.”</p><p>Just how long a temporary impact will last is anyone’s guess. The Twitter overhang led Wedbush analyst Dan Ives to cut $50 off his price target for Tesla stock in November, leaving it at $250. He has called Twitter an albatross for Tesla stock, but still rates shares at Buy.</p><p>“Tweet by tweet, Musk creates more of an overhang on Tesla,” Ives told<i>Barron’s</i>Friday by email. “The Musk Twitter fiasco a darkening black cloud over the story. Perception is reality for the Street for now on Tesla.”</p><p>Tesla CEO Elon Musk ‘s recent tweets include shots at competitors, discussions of election interference by Twitter, disapproval of the Federal Reserve’s interest-rate policy, and claims of media bias. Those tweets were all this week.</p><p>Tesla investors still get tidbits about the car company from Musk’s tweeting. He responded to Ferragu’s thread, commenting that margin loans of Tesla stock don’t make sense in this weakening economic environment.</p><p>That’s a bit of good news for Tesla shareholders who don’t like Musk selling Tesla stock, and don’t want any sales tied to margin calls. Still, the possibility of Musk selling stock to help fund Twitter remains part of the overall overhang. Ferragu dismissed Musk selling Tesla stock as a long-term risk, though, writing that the sales would be “negligible to the market cap and trading volumes of [Tesla].”</p><p>If Musk’s stock sales aren’t the main cause of the overhang on the Tesla brand and shares, then that leaves the toll that Twitter takes on Musk’s full attention. Whatever the source, the impact is real.</p><p>Coming into Thursday, Tesla shares had declined about 23% since Musk completed the purchase of the social medial platform. The Nasdaq Composite has risen about 3% over the same span.</p><p>The spread is growing. It was negligible until early November, when Musk sold more Tesla stock after the deal close—a surprise to investors. After the sale, the spread was about 20 percentage points. It moved as high as 26 points this week, but had slipped back to 22 points as of the close of trading on Friday.</p><p>Tesla stock has been cut almost in half year to date. If Tesla stock were at the level it sold for before Musk completed the Twitter purchase, it would be off about 34% year to date, in line with GM and Ford stock.</p><p>The performance gap between Tesla and the rest of the car industry is the gain that investors can expect from Tesla stock if the Twitter overhang ever lifts.</p><p>That would put Tesla stock at roughly $225 a share. Investors hope for that rally soon.</p><p>Tesla stock closed 3.2% higher on Friday. TheS&amp;P 500 and the Nasdaq Composite both lost 0.7%.</p><p>The stock snapped a four-day losing streak that cost investors about 11%. Tesla stock is now down about 8% for the week.</p></body></html>","source":"lsy1610680873436","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>Elon Musk’s Tweeting Is Problematic for Tesla Stock. Here’s Proof</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\">\nElon Musk’s Tweeting Is Problematic for Tesla Stock. Here’s Proof\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-10 09:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/elon-musk-twitter-tesla-stock-51670602565?mod=hp_LEAD_1><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Twitter is an undeniable overhang for Tesla stock. Investors feel it, Wall Street believes it, and now the data say so. What no one knows is how long the overhang will last—or if it will get worse.New...</p>\n\n<a href=\"https://www.barrons.com/articles/elon-musk-twitter-tesla-stock-51670602565?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/elon-musk-twitter-tesla-stock-51670602565?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181869151","content_text":"Twitter is an undeniable overhang for Tesla stock. Investors feel it, Wall Street believes it, and now the data say so. What no one knows is how long the overhang will last—or if it will get worse.New Street Research analyst Pierre Ferragu took to Twitter on Friday to explain what’s going on with Tesla stock (ticker: TSLA), which was off 49% so far this year as of the close on Friday.He attributed the bulk of the decline to what’s happened to the market, which seems sensible. The Nasdaq Composite is off about 30% year to date, and most car-related stocks have been hit hard by rising interest rates and inflation. General Motors (GM) and Ford Motor (F) shares are off about 35% and 36%, respectively, so far this year.Twitter is also a factor for Ferragu, who noted that perceptions of Tesla’s brand are sliding. Tesla’s net brand favorability score, which is positive opinions minus negative opinions, is down about six to 10 percentage points, hovering around 20%. That tops the the U.S. government’s score, which is less than zero, according to Ferragu’s data.Ferragu rates Tesla stock at Buy with a Street-high price target of $530, according to FactSet.“Impact on brand perception in the general public is visible and material, but it is very unlikely to affect materially buying behaviors in the near term,” Ferragu tellsBarron’sin an emailed statement, adding “it will turn fast.”Just how long a temporary impact will last is anyone’s guess. The Twitter overhang led Wedbush analyst Dan Ives to cut $50 off his price target for Tesla stock in November, leaving it at $250. He has called Twitter an albatross for Tesla stock, but still rates shares at Buy.“Tweet by tweet, Musk creates more of an overhang on Tesla,” Ives toldBarron’sFriday by email. “The Musk Twitter fiasco a darkening black cloud over the story. Perception is reality for the Street for now on Tesla.”Tesla CEO Elon Musk ‘s recent tweets include shots at competitors, discussions of election interference by Twitter, disapproval of the Federal Reserve’s interest-rate policy, and claims of media bias. Those tweets were all this week.Tesla investors still get tidbits about the car company from Musk’s tweeting. He responded to Ferragu’s thread, commenting that margin loans of Tesla stock don’t make sense in this weakening economic environment.That’s a bit of good news for Tesla shareholders who don’t like Musk selling Tesla stock, and don’t want any sales tied to margin calls. Still, the possibility of Musk selling stock to help fund Twitter remains part of the overall overhang. Ferragu dismissed Musk selling Tesla stock as a long-term risk, though, writing that the sales would be “negligible to the market cap and trading volumes of [Tesla].”If Musk’s stock sales aren’t the main cause of the overhang on the Tesla brand and shares, then that leaves the toll that Twitter takes on Musk’s full attention. Whatever the source, the impact is real.Coming into Thursday, Tesla shares had declined about 23% since Musk completed the purchase of the social medial platform. The Nasdaq Composite has risen about 3% over the same span.The spread is growing. It was negligible until early November, when Musk sold more Tesla stock after the deal close—a surprise to investors. After the sale, the spread was about 20 percentage points. It moved as high as 26 points this week, but had slipped back to 22 points as of the close of trading on Friday.Tesla stock has been cut almost in half year to date. If Tesla stock were at the level it sold for before Musk completed the Twitter purchase, it would be off about 34% year to date, in line with GM and Ford stock.The performance gap between Tesla and the rest of the car industry is the gain that investors can expect from Tesla stock if the Twitter overhang ever lifts.That would put Tesla stock at roughly $225 a share. Investors hope for that rally soon.Tesla stock closed 3.2% higher on Friday. TheS&P 500 and the Nasdaq Composite both lost 0.7%.The stock snapped a four-day losing streak that cost investors about 11%. Tesla stock is now down about 8% for the week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":197,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9920269047,"gmtCreate":1670504696190,"gmtModify":1676538381537,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/XPEV\">$XPeng Inc.(XPEV)$&nbsp;</a>Fainted&nbsp;","listText":"<a href=\"https://ttm.financial/S/XPEV\">$XPeng Inc.(XPEV)$&nbsp;</a>Fainted&nbsp;","text":"$XPeng Inc.(XPEV)$ 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| 國產引線鍵合機企業“ 德沃先進 ”完成數億元A輪融資","htmlText":"投資界12月8日消息，深圳市德沃先進自動化有限公司(以下簡稱德沃先進)完成數億元A輪融資，獲得了包括海匯投資、杉杉創投、銘盛資本、粵開資本、啓賦資本等多家知名投資機構聯合投資，本次募集資金將用於公司產品研發、產線升級及市場推廣。 德沃先進成立於2012年，致力於自主研發、生產及銷售超高尖端半導體封測設備、精密微電子設備，憑藉強大的研發實力和多年來在半導體封測領域的技術積累，已經推出多款設備應用於半導體IC和LED引線鍵合工藝製程。德沃先進是國產引線鍵合機的龍頭企業，在半導體IC引線鍵合設備領域保持着國產設備出貨量第一的行業地位，持續引領國產半導體設備高端化的升級和進化，同時也是深圳市面向半導體芯片封裝的高速高精度引線鍵合機關鍵技術重點攻關項目的牽頭單位，肩負着突破我國半導體核心裝備“卡脖子”的重任。 （德沃先進工程師調試半導體封測設備） 在半導體芯片封裝各環節中，引線鍵合機可以稱之爲封裝設備的“皇冠”。引線鍵合工藝是指使用金屬引線將芯片焊盤與基板或引線框架連接的過程，是芯片實現電氣互連和信息互通的基礎，是封裝環節最爲關鍵的步驟。從技術層面上，高速高精度引線鍵合機對精密機械、電子硬件、實時軟件、運動控制、機器視覺和鍵合工藝都有極其嚴苛的要求。目前，引線鍵合在所有封裝鍵合技術中佔主流地位，達到65%，是半導體封裝工藝中最有挑戰性的一環，必須具備穩定、高速、高精等技術特點，才能滿足日益發展的封裝要求。 （德沃先進工程師調試半導體封測設備） 半導體產業要發展設備必須先行，德沃先進緊跟市場需求進行了系列產品佈局，目前已經初步形成三個系列多款產品的覆蓋，市場涵蓋分立器件、傳感器件、光電器件等封裝領域，並且針對規模器件的產品研發也在積極展開。德沃先進開發的高精度全自動引線鍵合機F20系列，在高速高精度運動控制技術、獨立視覺算法、精密機械、精密電子、實時軟件系統、多種複雜引線鍵合工藝等各項","listText":"投資界12月8日消息，深圳市德沃先進自動化有限公司(以下簡稱德沃先進)完成數億元A輪融資，獲得了包括海匯投資、杉杉創投、銘盛資本、粵開資本、啓賦資本等多家知名投資機構聯合投資，本次募集資金將用於公司產品研發、產線升級及市場推廣。 德沃先進成立於2012年，致力於自主研發、生產及銷售超高尖端半導體封測設備、精密微電子設備，憑藉強大的研發實力和多年來在半導體封測領域的技術積累，已經推出多款設備應用於半導體IC和LED引線鍵合工藝製程。德沃先進是國產引線鍵合機的龍頭企業，在半導體IC引線鍵合設備領域保持着國產設備出貨量第一的行業地位，持續引領國產半導體設備高端化的升級和進化，同時也是深圳市面向半導體芯片封裝的高速高精度引線鍵合機關鍵技術重點攻關項目的牽頭單位，肩負着突破我國半導體核心裝備“卡脖子”的重任。 （德沃先進工程師調試半導體封測設備） 在半導體芯片封裝各環節中，引線鍵合機可以稱之爲封裝設備的“皇冠”。引線鍵合工藝是指使用金屬引線將芯片焊盤與基板或引線框架連接的過程，是芯片實現電氣互連和信息互通的基礎，是封裝環節最爲關鍵的步驟。從技術層面上，高速高精度引線鍵合機對精密機械、電子硬件、實時軟件、運動控制、機器視覺和鍵合工藝都有極其嚴苛的要求。目前，引線鍵合在所有封裝鍵合技術中佔主流地位，達到65%，是半導體封裝工藝中最有挑戰性的一環，必須具備穩定、高速、高精等技術特點，才能滿足日益發展的封裝要求。 （德沃先進工程師調試半導體封測設備） 半導體產業要發展設備必須先行，德沃先進緊跟市場需求進行了系列產品佈局，目前已經初步形成三個系列多款產品的覆蓋，市場涵蓋分立器件、傳感器件、光電器件等封裝領域，並且針對規模器件的產品研發也在積極展開。德沃先進開發的高精度全自動引線鍵合機F20系列，在高速高精度運動控制技術、獨立視覺算法、精密機械、精密電子、實時軟件系統、多種複雜引線鍵合工藝等各項","text":"投資界12月8日消息，深圳市德沃先進自動化有限公司(以下簡稱德沃先進)完成數億元A輪融資，獲得了包括海匯投資、杉杉創投、銘盛資本、粵開資本、啓賦資本等多家知名投資機構聯合投資，本次募集資金將用於公司產品研發、產線升級及市場推廣。 德沃先進成立於2012年，致力於自主研發、生產及銷售超高尖端半導體封測設備、精密微電子設備，憑藉強大的研發實力和多年來在半導體封測領域的技術積累，已經推出多款設備應用於半導體IC和LED引線鍵合工藝製程。德沃先進是國產引線鍵合機的龍頭企業，在半導體IC引線鍵合設備領域保持着國產設備出貨量第一的行業地位，持續引領國產半導體設備高端化的升級和進化，同時也是深圳市面向半導體芯片封裝的高速高精度引線鍵合機關鍵技術重點攻關項目的牽頭單位，肩負着突破我國半導體核心裝備“卡脖子”的重任。 （德沃先進工程師調試半導體封測設備） 在半導體芯片封裝各環節中，引線鍵合機可以稱之爲封裝設備的“皇冠”。引線鍵合工藝是指使用金屬引線將芯片焊盤與基板或引線框架連接的過程，是芯片實現電氣互連和信息互通的基礎，是封裝環節最爲關鍵的步驟。從技術層面上，高速高精度引線鍵合機對精密機械、電子硬件、實時軟件、運動控制、機器視覺和鍵合工藝都有極其嚴苛的要求。目前，引線鍵合在所有封裝鍵合技術中佔主流地位，達到65%，是半導體封裝工藝中最有挑戰性的一環，必須具備穩定、高速、高精等技術特點，才能滿足日益發展的封裝要求。 （德沃先進工程師調試半導體封測設備） 半導體產業要發展設備必須先行，德沃先進緊跟市場需求進行了系列產品佈局，目前已經初步形成三個系列多款產品的覆蓋，市場涵蓋分立器件、傳感器件、光電器件等封裝領域，並且針對規模器件的產品研發也在積極展開。德沃先進開發的高精度全自動引線鍵合機F20系列，在高速高精度運動控制技術、獨立視覺算法、精密機械、精密電子、實時軟件系統、多種複雜引線鍵合工藝等各項","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/629640325","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9920260160,"gmtCreate":1670504518651,"gmtModify":1676538381521,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"👌&nbsp;","listText":"👌&nbsp;","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9920260160","repostId":"1167434190","repostType":4,"repost":{"id":"1167434190","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1670503937,"share":"https://ttm.financial/m/news/1167434190?lang=&edition=fundamental","pubTime":"2022-12-08 20:52","market":"us","language":"en","title":"Pre-Bell｜Dow Futures Jumped Nearly 100 Points; This Networking Equipment Maker Surged Over 19%","url":"https://stock-news.laohu8.com/highlight/detail?id=1167434190","media":"Tiger Newspress","summary":"U.S. stock futures rose slightly on Thursday after the S&P 500 declined for a fifth consecutive day ","content":"<html><head></head><body><p>U.S. stock futures rose slightly on Thursday after the S&amp;P 500 declined for a fifth consecutive day and Wall Street evaluated the likelihood of a recession ahead.</p><p><b>Market Snapshot</b></p><p>At 7:50 a.m. ET, Dow e-minis were up 71 points, or 0.21%, S&amp;P 500 e-minis were up 10.75 points, or 0.27%, and Nasdaq 100 e-minis were up 31 points, or 0.27%.</p><p><img src=\"https://static.tigerbbs.com/78f63f58ed31cc8be30bf4b2044e91c4\" tg-width=\"287\" tg-height=\"138\" width=\"100%\" height=\"auto\"/></p><p><b>Pre-Market Movers</b></p><p><b><a href=\"https://laohu8.com/S/CIEN\">Ciena</a></b> – The networking equipment maker&#39;s stock surged 19.1% after a substantial top and bottom line beat in its latest quarter. Ciena earned an adjusted 61 cents per share for its latest quarter, compared with a consensus estimate of 8 cents. The company also said it sees &#34;outsized&#34; revenue growth in 2023.</p><p><b><a href=\"https://laohu8.com/S/GME\">GameStop</a></b> – GameStop reported a wider-than-expected quarterly loss and sales that fell short of predictions. CEO Matt Furlong said the company had completed necessary investments and would be very judicious in future spending. GameStop moved between gains and losses in premarket trading.</p><p><b><a href=\"https://laohu8.com/S/RENT\">Rent the Runway, Inc.</a></b> – Rent The Runway surged 16.9% in the premarket after its quarterly revenue came in well above Wall Street forecasts and the fashion rental company issued an upbeat sales forecast. The company also said its restructuring process was substantially complete.</p><p><b><a href=\"https://laohu8.com/S/OXM\">Oxford</a></b> – Oxford Industries rose 2.6% in premarket trading after the maker of the Tommy Bahama and Lily Pulitzer apparel brands reported better-than-expected quarterly results and issued an outlook that surpassed analyst predictions.</p><p><b><a href=\"https://laohu8.com/S/UL\">Unilever PLC</a></b> – Unilever is weighing a possible $3 billion sale of its U.S. ice cream brands including Ben &amp; Jerry&#39;s, according to a Bloomberg report.</p><p><b><a href=\"https://laohu8.com/S/KMI\">Kinder Morgan</a></b> – Kinder Morgan forecast an increase in adjusted earnings for 2023, with the pipeline operator anticipating higher transportation demand for crude oil and other energy products. Kinder Morgan shares gained 2.1% in premarket trading.</p><p><b><a href=\"https://laohu8.com/S/CANO\">Cano Health</a></b> – Cano Health fell 5.3% in the premarket after Bloomberg reported that Daniel Loeb&#39;s Third Point sold its remaining stake in the healthcare provider amid concerns about its liquidity.</p><p><b><a href=\"https://laohu8.com/S/EXPR\">Express, Inc.</a></b> – The small-cap apparel retailer&#39;s shares initially rallied in the premarket after it announced a strategic partnership with global brand management firm WHP Global, which will take a $25 million stake in Express. Separately, Express announced a wider-than-expected quarterly loss and lower-than-expected revenue in what its management said was a tougher quarter than it had anticipated. Shares rose 1.6% in premarket action.</p><p><b>Market News</b></p><p>Bernard Arnault, the chief executive of luxury brand Louis Vuitton&#39;s parent company LVMH, and his family briefly took the title as the world&#39;s richest, but were back at No. 2 with a personal wealth of $185.3 billion, according to Forbes.</p><p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a></b> plans to allow users to more tightly lock down photos and notes stored on its iCloud service and require a physical security key when logging in from a new device, it said on Wednesday.</p><p>The Pentagon on Wednesday awarded cloud computing contracts worth $9 billion each to <b><a href=\"https://laohu8.com/S/GOOG\">Alphabet</a></b>&#39;s Google, <b><a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a></b> Web Services Inc, <b><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a></b> and <b><a href=\"https://laohu8.com/S/ORCL\">Oracle</a></b>.</p><p>Elon Musk has tapped a longtime <b><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a></b> executive in China who oversaw construction of the Shanghai gigfactory to help run the electric carmaker’s newest plant in Austin, Texas, people familiar with the matter said.</p><p>The Court of Justice of the European Union has dismissed as inadmissible an action brought by WhatsApp against a decision of the European Data Protection Board, it said in a statement on Wednesday.</p><p>The Centers for Disease Control and Prevention (CDC) has renewed its partnership with <b><a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies Inc.</a></b> to advance the nation&#39;s public health infrastructure.</p><p><b><a href=\"https://laohu8.com/S/GME\">GameStop</a></b> reported third-quarter revenue of $1.186 billion, which was down from $1.297 billion in the prior year&#39;s quarter. It reported a third-quarter net loss of 31 cents per share.</p><p><b><a href=\"https://laohu8.com/S/COIN\">Coinbase Global, Inc.</a></b>&#39;s revenue is set to reduce by half this year, the cryptocurrency exchange tweeted on Wednesday, as digital assets reel from a sector-wide rout worsened by a string of high-profile collapses that shattered investor confidence.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nPre-Bell｜Dow Futures Jumped Nearly 100 Points; This Networking Equipment Maker Surged Over 19%\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\">2022-12-08 20:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock futures rose slightly on Thursday after the S&amp;P 500 declined for a fifth consecutive day and Wall Street evaluated the likelihood of a recession ahead.</p><p><b>Market Snapshot</b></p><p>At 7:50 a.m. ET, Dow e-minis were up 71 points, or 0.21%, S&amp;P 500 e-minis were up 10.75 points, or 0.27%, and Nasdaq 100 e-minis were up 31 points, or 0.27%.</p><p><img src=\"https://static.tigerbbs.com/78f63f58ed31cc8be30bf4b2044e91c4\" tg-width=\"287\" tg-height=\"138\" width=\"100%\" height=\"auto\"/></p><p><b>Pre-Market Movers</b></p><p><b><a href=\"https://laohu8.com/S/CIEN\">Ciena</a></b> – The networking equipment maker&#39;s stock surged 19.1% after a substantial top and bottom line beat in its latest quarter. Ciena earned an adjusted 61 cents per share for its latest quarter, compared with a consensus estimate of 8 cents. The company also said it sees &#34;outsized&#34; revenue growth in 2023.</p><p><b><a href=\"https://laohu8.com/S/GME\">GameStop</a></b> – GameStop reported a wider-than-expected quarterly loss and sales that fell short of predictions. CEO Matt Furlong said the company had completed necessary investments and would be very judicious in future spending. GameStop moved between gains and losses in premarket trading.</p><p><b><a href=\"https://laohu8.com/S/RENT\">Rent the Runway, Inc.</a></b> – Rent The Runway surged 16.9% in the premarket after its quarterly revenue came in well above Wall Street forecasts and the fashion rental company issued an upbeat sales forecast. The company also said its restructuring process was substantially complete.</p><p><b><a href=\"https://laohu8.com/S/OXM\">Oxford</a></b> – Oxford Industries rose 2.6% in premarket trading after the maker of the Tommy Bahama and Lily Pulitzer apparel brands reported better-than-expected quarterly results and issued an outlook that surpassed analyst predictions.</p><p><b><a href=\"https://laohu8.com/S/UL\">Unilever PLC</a></b> – Unilever is weighing a possible $3 billion sale of its U.S. ice cream brands including Ben &amp; Jerry&#39;s, according to a Bloomberg report.</p><p><b><a href=\"https://laohu8.com/S/KMI\">Kinder Morgan</a></b> – Kinder Morgan forecast an increase in adjusted earnings for 2023, with the pipeline operator anticipating higher transportation demand for crude oil and other energy products. Kinder Morgan shares gained 2.1% in premarket trading.</p><p><b><a href=\"https://laohu8.com/S/CANO\">Cano Health</a></b> – Cano Health fell 5.3% in the premarket after Bloomberg reported that Daniel Loeb&#39;s Third Point sold its remaining stake in the healthcare provider amid concerns about its liquidity.</p><p><b><a href=\"https://laohu8.com/S/EXPR\">Express, Inc.</a></b> – The small-cap apparel retailer&#39;s shares initially rallied in the premarket after it announced a strategic partnership with global brand management firm WHP Global, which will take a $25 million stake in Express. Separately, Express announced a wider-than-expected quarterly loss and lower-than-expected revenue in what its management said was a tougher quarter than it had anticipated. Shares rose 1.6% in premarket action.</p><p><b>Market News</b></p><p>Bernard Arnault, the chief executive of luxury brand Louis Vuitton&#39;s parent company LVMH, and his family briefly took the title as the world&#39;s richest, but were back at No. 2 with a personal wealth of $185.3 billion, according to Forbes.</p><p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a></b> plans to allow users to more tightly lock down photos and notes stored on its iCloud service and require a physical security key when logging in from a new device, it said on Wednesday.</p><p>The Pentagon on Wednesday awarded cloud computing contracts worth $9 billion each to <b><a href=\"https://laohu8.com/S/GOOG\">Alphabet</a></b>&#39;s Google, <b><a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a></b> Web Services Inc, <b><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a></b> and <b><a href=\"https://laohu8.com/S/ORCL\">Oracle</a></b>.</p><p>Elon Musk has tapped a longtime <b><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a></b> executive in China who oversaw construction of the Shanghai gigfactory to help run the electric carmaker’s newest plant in Austin, Texas, people familiar with the matter said.</p><p>The Court of Justice of the European Union has dismissed as inadmissible an action brought by WhatsApp against a decision of the European Data Protection Board, it said in a statement on Wednesday.</p><p>The Centers for Disease Control and Prevention (CDC) has renewed its partnership with <b><a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies Inc.</a></b> to advance the nation&#39;s public health infrastructure.</p><p><b><a href=\"https://laohu8.com/S/GME\">GameStop</a></b> reported third-quarter revenue of $1.186 billion, which was down from $1.297 billion in the prior year&#39;s quarter. It reported a third-quarter net loss of 31 cents per share.</p><p><b><a href=\"https://laohu8.com/S/COIN\">Coinbase Global, Inc.</a></b>&#39;s revenue is set to reduce by half this year, the cryptocurrency exchange tweeted on Wednesday, as digital assets reel from a sector-wide rout worsened by a string of high-profile collapses that shattered investor confidence.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167434190","content_text":"U.S. stock futures rose slightly on Thursday after the S&P 500 declined for a fifth consecutive day and Wall Street evaluated the likelihood of a recession ahead.Market SnapshotAt 7:50 a.m. ET, Dow e-minis were up 71 points, or 0.21%, S&P 500 e-minis were up 10.75 points, or 0.27%, and Nasdaq 100 e-minis were up 31 points, or 0.27%.Pre-Market MoversCiena – The networking equipment maker's stock surged 19.1% after a substantial top and bottom line beat in its latest quarter. Ciena earned an adjusted 61 cents per share for its latest quarter, compared with a consensus estimate of 8 cents. The company also said it sees \"outsized\" revenue growth in 2023.GameStop – GameStop reported a wider-than-expected quarterly loss and sales that fell short of predictions. CEO Matt Furlong said the company had completed necessary investments and would be very judicious in future spending. GameStop moved between gains and losses in premarket trading.Rent the Runway, Inc. – Rent The Runway surged 16.9% in the premarket after its quarterly revenue came in well above Wall Street forecasts and the fashion rental company issued an upbeat sales forecast. The company also said its restructuring process was substantially complete.Oxford – Oxford Industries rose 2.6% in premarket trading after the maker of the Tommy Bahama and Lily Pulitzer apparel brands reported better-than-expected quarterly results and issued an outlook that surpassed analyst predictions.Unilever PLC – Unilever is weighing a possible $3 billion sale of its U.S. ice cream brands including Ben & Jerry's, according to a Bloomberg report.Kinder Morgan – Kinder Morgan forecast an increase in adjusted earnings for 2023, with the pipeline operator anticipating higher transportation demand for crude oil and other energy products. Kinder Morgan shares gained 2.1% in premarket trading.Cano Health – Cano Health fell 5.3% in the premarket after Bloomberg reported that Daniel Loeb's Third Point sold its remaining stake in the healthcare provider amid concerns about its liquidity.Express, Inc. – The small-cap apparel retailer's shares initially rallied in the premarket after it announced a strategic partnership with global brand management firm WHP Global, which will take a $25 million stake in Express. Separately, Express announced a wider-than-expected quarterly loss and lower-than-expected revenue in what its management said was a tougher quarter than it had anticipated. Shares rose 1.6% in premarket action.Market NewsBernard Arnault, the chief executive of luxury brand Louis Vuitton's parent company LVMH, and his family briefly took the title as the world's richest, but were back at No. 2 with a personal wealth of $185.3 billion, according to Forbes.Apple plans to allow users to more tightly lock down photos and notes stored on its iCloud service and require a physical security key when logging in from a new device, it said on Wednesday.The Pentagon on Wednesday awarded cloud computing contracts worth $9 billion each to Alphabet's Google, Amazon.com Web Services Inc, Microsoft and Oracle.Elon Musk has tapped a longtime Tesla Motors executive in China who oversaw construction of the Shanghai gigfactory to help run the electric carmaker’s newest plant in Austin, Texas, people familiar with the matter said.The Court of Justice of the European Union has dismissed as inadmissible an action brought by WhatsApp against a decision of the European Data Protection Board, it said in a statement on Wednesday.The Centers for Disease Control and Prevention (CDC) has renewed its partnership with Palantir Technologies Inc. to advance the nation's public health infrastructure.GameStop reported third-quarter revenue of $1.186 billion, which was down from $1.297 billion in the prior year's quarter. It reported a third-quarter net loss of 31 cents per share.Coinbase Global, Inc.'s revenue is set to reduce by half this year, the cryptocurrency exchange tweeted on Wednesday, as digital assets reel from a sector-wide rout worsened by a string of high-profile collapses that shattered investor confidence.","news_type":1},"isVote":1,"tweetType":1,"viewCount":241,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9967294896,"gmtCreate":1670331552715,"gmtModify":1676538345426,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/WDH\">$Waterdrop Inc.(WDH)$&nbsp;</a>Up up up","listText":"<a href=\"https://ttm.financial/S/WDH\">$Waterdrop Inc.(WDH)$&nbsp;</a>Up up up","text":"$Waterdrop Inc.(WDH)$ Up up up","images":[{"img":"https://community-static.tradeup.com/news/19f6ec3543dafcec6c906e1658251d75","width":"1125","height":"2435"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":1,"link":"https://ttm.financial/post/9967294896","isVote":1,"tweetType":1,"viewCount":1003,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":9011466672,"gmtCreate":1648909661535,"gmtModify":1676534420852,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PHUN\">$Phunware, Inc.(PHUN)$</a>up to sky","listText":"<a href=\"https://ttm.financial/S/PHUN\">$Phunware, Inc.(PHUN)$</a>up to sky","text":"$Phunware, Inc.(PHUN)$up to sky","images":[{"img":"https://community-static.tradeup.com/news/66d5a2cb9ab3dce4e10112698533ccd5","width":"1242","height":"1968"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":89,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011466672","isVote":1,"tweetType":1,"viewCount":814,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9905058158,"gmtCreate":1659777635576,"gmtModify":1703766492184,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PHUN\">$Phunware, Inc.(PHUN)$</a>Up up up&nbsp;","listText":"<a href=\"https://ttm.financial/S/PHUN\">$Phunware, Inc.(PHUN)$</a>Up up up&nbsp;","text":"$Phunware, Inc.(PHUN)$Up up up","images":[{"img":"https://community-static.tradeup.com/news/57bc689e17e3aac456a5605073f975d7","width":"1242","height":"1968"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":64,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9905058158","isVote":1,"tweetType":1,"viewCount":920,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9985310354,"gmtCreate":1667312382679,"gmtModify":1676537896348,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"👌&nbsp;","listText":"👌&nbsp;","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/9985310354","repostId":"2280956963","repostType":4,"repost":{"id":"2280956963","kind":"highlight","pubTimestamp":1667316358,"share":"https://ttm.financial/m/news/2280956963?lang=&edition=fundamental","pubTime":"2022-11-01 23:25","market":"us","language":"en","title":"3 Warren Buffett Stocks That Are Screaming Buys in November","url":"https://stock-news.laohu8.com/highlight/detail?id=2280956963","media":"Motley Fool","summary":"The Oracle of Omaha's investment portfolio has three surefire bargains hiding in plain sight.","content":"<html><head></head><body><p>The investing track record of <b>Berkshire Hathaway</b> (BRK.A) (BRK.B) CEO Warren Buffett suggests he might know a thing or two about the stock market and identifying value. Since taking the helm of Berkshire in 1965, he&#39;s created approximately $660 billion in value for shareholders (himself included) and has delivered a jaw-dropping 20.1% average annual return for his company&#39;s Class A shares (BRK.A).</p><p>Given how successful the Oracle of Omaha has been for more than a half-century, everyone from professional to everyday investors pays close attention to what he&#39;s buying and selling in Berkshire Hathaway&#39;s investment portfolio.</p><p>Buffett&#39;s portfolio is also a great place to start when you&#39;re looking for stock-buying ideas during a bear market pullback. Though Berkshire Hathaway holds around four dozen securities in its investment portfolio, three Warren Buffett stocks stand out as plain-as-day screaming buys in November.</p><h2><a href=\"https://laohu8.com/S/JNJ\">Johnson &amp; Johnson</a></h2><p>The first Warren Buffett stock just begging to be bought as we near the home stretch of 2022 is healthcare juggernaut <a href=\"https://laohu8.com/S/JNJ\">Johnson &amp; Johnson</a>, or J&amp;J for short. Although J&amp;J is contending with poor investor sentiment, it&#39;s a company that continues to fire on all cylinders.</p><p>Healthcare stocks are one of the smartest places to put your money to work during a bear market. No matter how poorly the U.S. economy performs or how negative investor sentiment turns, we don&#39;t have the ability to control when we get sick or what ailment(s) we develop. There will always be demand for prescription drugs, medical devices, and healthcare services, which means J&amp;J is predominantly inflation-and-recession-proof.</p><p>Though a stronger U.S. dollar is hurting sales for multinational companies like Johnson &amp; Johnson, a deeper dive reveals that everything is fine from an operating standpoint. Excluding currency movements, pharmaceutical and medical technology (MedTech) segment sales are respectively higher by 10.2% and 6.6% through the first nine months of 2022.</p><p>One of the primary reasons J&amp;J has been able to deliver adjusted sales growth and earnings growth in the high single digits for such a long time is its diverse operating segments. For instance, the company has shifted its focus to higher-margin drug sales over the past decade. But since brand-name drugs have relatively short periods of sales exclusivity, the company can rely on its MedTech segment to pick up the slack when certain therapies are exposed to biosimilar or generic competition.</p><p>Another reason J&amp;J is such a rock-solid investment is its capital-return program and balance sheet. Johnson &amp; Johnson has raised its base annual dividend for 60 consecutive years, and is one of only two publicly traded companies that sports the highest credit rating (AAA) issued by Standard &amp; Poor&#39;s, a division of <b>S&amp;P Global</b>. J&amp;J&#39;s credit rating is higher than that of the U.S. federal government.</p><p>At a time when investors are looking for safety and value, Johnson &amp; Johnson&#39;s sub-17 forward price-to-earnings ratio and 2.6% dividend yield stand out like a beacon.</p><h2><a href=\"https://laohu8.com/S/USB\">U.S. Bancorp</a></h2><p>A second Warren Buffett stock that&#39;s a screaming buy in November is <b>U.S. Bancorp</b> (USB), the parent company of U.S. Bank. Despite recessionary fears weighing on cyclical sectors, such as financials, U.S. Bancorp is one of a handful of financial stocks positioned to thrive, even in a challenging economic environment.</p><p>One of the biggest tailwinds for bank stocks at the moment is Federal Reserve monetary policy. Normally, a weaker economy and/or plunging stock market would encourage the nation&#39;s central bank to ease interest rates or offer some form of quantitative easing measures. But with inflation hitting four-decade highs in June, the Fed has had no choice but to aggressively raise rates into a bear market.</p><p>Banks with outstanding variable-rate loans are benefiting via widening net interest margin and higher net interest income. In U.S. Bancorp&#39;s case, its net interest income jumped nearly 21% year over year in the August-ended quarter.</p><p>Another important factor working in U.S. Bancorp&#39;s favor is the fiscal prudence of its management team. During the financial crisis between 2007 and 2009, most money-center banks were clobbered by riskier derivative investments they&#39;d made that ultimately backfired.</p><p>U.S. Bancorp largely avoided this mess thanks to its focus on what I call the bread and butter of banking: growing loans and deposits. While growing loans and deposits isn&#39;t necessarily an exciting operating model, it&#39;s a profitable one for U.S. Bancorp that&#39;s led to superior return on assets when compared to other big banks.</p><p>U.S. Bancorp is also setting the standard when it comes to digital engagement. By the end of August, 82% of the company&#39;s total active customers were banking online or via mobile app. Equally important, 62% of loan sales were completed digitally. For banks, digital sales cost a fraction of what in-person or phone-based interactions run. This sizable digital presence has allowed the company to consolidate some of its branches and minimize increases in noninterest expenses.</p><p>Investors have an opportunity to buy one of the best-run banks on the planet for less than 9 times forward earnings, and they&#39;ll receive a 4.5% annual dividend yield for their patience. That&#39;s a steal of a deal.</p><h2><a href=\"https://laohu8.com/S/AMZN\">Amazon</a></h2><p>The third Warren Buffett stock that&#39;s a screaming buy in November is FAANG stock <b>Amazon</b> (AMZN). Although the company&#39;s third-quarter operating results signaled some near-term struggles, Wall Street and investors seem to be overlooking the key performance indicators that matter most.</p><p>For most investors and consumers, Amazon&#39;s dominant online marketplace is what comes to mind when the &#34;Amazon&#34; name is brought up. This year, Amazon should account for more U.S. online retail sales revenue than its next 14-closest competitors, <i>combined</i>. However, retail demand is slowing as high inflation bites into the pocketbooks of low-earning workers, which is why the company&#39;s fourth-quarter sales forecast badly missed the mark.</p><p>But even though Amazon&#39;s online marketplace is its top revenue producer, it&#39;s not a particularly important segment when it comes to operating cash flow. Online retail sales margins are usually very low. Rather, it&#39;s the company&#39;s higher-margin trio of Amazon Web Services (AWS), advertising services, and subscription services that are key to operating cash flow growth.</p><p>Cloud infrastructure segment AWS commands nearly a third of global cloud-service spending, according to Canalys. Cloud growth is still in its early stages, and the high margins associated with the cloud lead to significant operating income for Amazon. Through the first nine months of 2022, AWS has accounted for 16% of the company&#39;s net sales, as well as all of its operating income (since the retail segments have produced operating losses).</p><p>Likewise, subscription services (e.g., Prime) and advertising services are growing by double-digit percentages. Excluding currency movements, subscription service and advertising service sales grew by 14% and 30%, respectively, in the recently ended quarter. The segments that really matter to Amazon&#39;s cash flow are doing just fine.</p><p>That brings me to the final point: Amazon&#39;s cash flow. Though earnings per share is a common tool used by investors to value publicly traded companies, it works poorly with Amazon, given that the company reinvests most of its operating cash flow back into the business. During the 2010s, investors willingly paid a median end-year multiple of 30 times cash flow to own Amazon stock. You can buy shares today for about 9 times Wall Street&#39;s forecast cash flow for the company in 2025. That&#39;s incredibly cheap for a winner like Amazon.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Warren Buffett Stocks That Are Screaming Buys in November</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Warren Buffett Stocks That Are Screaming Buys in November\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-01 23:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/11/01/3-warren-buffett-stocks-screaming-buys-in-november/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The investing track record of Berkshire Hathaway (BRK.A) (BRK.B) CEO Warren Buffett suggests he might know a thing or two about the stock market and identifying value. Since taking the helm of ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/11/01/3-warren-buffett-stocks-screaming-buys-in-november/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","JNJ":"强生","USB":"美国合众银行"},"source_url":"https://www.fool.com/investing/2022/11/01/3-warren-buffett-stocks-screaming-buys-in-november/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2280956963","content_text":"The investing track record of Berkshire Hathaway (BRK.A) (BRK.B) CEO Warren Buffett suggests he might know a thing or two about the stock market and identifying value. Since taking the helm of Berkshire in 1965, he's created approximately $660 billion in value for shareholders (himself included) and has delivered a jaw-dropping 20.1% average annual return for his company's Class A shares (BRK.A).Given how successful the Oracle of Omaha has been for more than a half-century, everyone from professional to everyday investors pays close attention to what he's buying and selling in Berkshire Hathaway's investment portfolio.Buffett's portfolio is also a great place to start when you're looking for stock-buying ideas during a bear market pullback. Though Berkshire Hathaway holds around four dozen securities in its investment portfolio, three Warren Buffett stocks stand out as plain-as-day screaming buys in November.Johnson & JohnsonThe first Warren Buffett stock just begging to be bought as we near the home stretch of 2022 is healthcare juggernaut Johnson & Johnson, or J&J for short. Although J&J is contending with poor investor sentiment, it's a company that continues to fire on all cylinders.Healthcare stocks are one of the smartest places to put your money to work during a bear market. No matter how poorly the U.S. economy performs or how negative investor sentiment turns, we don't have the ability to control when we get sick or what ailment(s) we develop. There will always be demand for prescription drugs, medical devices, and healthcare services, which means J&J is predominantly inflation-and-recession-proof.Though a stronger U.S. dollar is hurting sales for multinational companies like Johnson & Johnson, a deeper dive reveals that everything is fine from an operating standpoint. Excluding currency movements, pharmaceutical and medical technology (MedTech) segment sales are respectively higher by 10.2% and 6.6% through the first nine months of 2022.One of the primary reasons J&J has been able to deliver adjusted sales growth and earnings growth in the high single digits for such a long time is its diverse operating segments. For instance, the company has shifted its focus to higher-margin drug sales over the past decade. But since brand-name drugs have relatively short periods of sales exclusivity, the company can rely on its MedTech segment to pick up the slack when certain therapies are exposed to biosimilar or generic competition.Another reason J&J is such a rock-solid investment is its capital-return program and balance sheet. Johnson & Johnson has raised its base annual dividend for 60 consecutive years, and is one of only two publicly traded companies that sports the highest credit rating (AAA) issued by Standard & Poor's, a division of S&P Global. J&J's credit rating is higher than that of the U.S. federal government.At a time when investors are looking for safety and value, Johnson & Johnson's sub-17 forward price-to-earnings ratio and 2.6% dividend yield stand out like a beacon.U.S. BancorpA second Warren Buffett stock that's a screaming buy in November is U.S. Bancorp (USB), the parent company of U.S. Bank. Despite recessionary fears weighing on cyclical sectors, such as financials, U.S. Bancorp is one of a handful of financial stocks positioned to thrive, even in a challenging economic environment.One of the biggest tailwinds for bank stocks at the moment is Federal Reserve monetary policy. Normally, a weaker economy and/or plunging stock market would encourage the nation's central bank to ease interest rates or offer some form of quantitative easing measures. But with inflation hitting four-decade highs in June, the Fed has had no choice but to aggressively raise rates into a bear market.Banks with outstanding variable-rate loans are benefiting via widening net interest margin and higher net interest income. In U.S. Bancorp's case, its net interest income jumped nearly 21% year over year in the August-ended quarter.Another important factor working in U.S. Bancorp's favor is the fiscal prudence of its management team. During the financial crisis between 2007 and 2009, most money-center banks were clobbered by riskier derivative investments they'd made that ultimately backfired.U.S. Bancorp largely avoided this mess thanks to its focus on what I call the bread and butter of banking: growing loans and deposits. While growing loans and deposits isn't necessarily an exciting operating model, it's a profitable one for U.S. Bancorp that's led to superior return on assets when compared to other big banks.U.S. Bancorp is also setting the standard when it comes to digital engagement. By the end of August, 82% of the company's total active customers were banking online or via mobile app. Equally important, 62% of loan sales were completed digitally. For banks, digital sales cost a fraction of what in-person or phone-based interactions run. This sizable digital presence has allowed the company to consolidate some of its branches and minimize increases in noninterest expenses.Investors have an opportunity to buy one of the best-run banks on the planet for less than 9 times forward earnings, and they'll receive a 4.5% annual dividend yield for their patience. That's a steal of a deal.AmazonThe third Warren Buffett stock that's a screaming buy in November is FAANG stock Amazon (AMZN). Although the company's third-quarter operating results signaled some near-term struggles, Wall Street and investors seem to be overlooking the key performance indicators that matter most.For most investors and consumers, Amazon's dominant online marketplace is what comes to mind when the \"Amazon\" name is brought up. This year, Amazon should account for more U.S. online retail sales revenue than its next 14-closest competitors, combined. However, retail demand is slowing as high inflation bites into the pocketbooks of low-earning workers, which is why the company's fourth-quarter sales forecast badly missed the mark.But even though Amazon's online marketplace is its top revenue producer, it's not a particularly important segment when it comes to operating cash flow. Online retail sales margins are usually very low. Rather, it's the company's higher-margin trio of Amazon Web Services (AWS), advertising services, and subscription services that are key to operating cash flow growth.Cloud infrastructure segment AWS commands nearly a third of global cloud-service spending, according to Canalys. Cloud growth is still in its early stages, and the high margins associated with the cloud lead to significant operating income for Amazon. Through the first nine months of 2022, AWS has accounted for 16% of the company's net sales, as well as all of its operating income (since the retail segments have produced operating losses).Likewise, subscription services (e.g., Prime) and advertising services are growing by double-digit percentages. Excluding currency movements, subscription service and advertising service sales grew by 14% and 30%, respectively, in the recently ended quarter. The segments that really matter to Amazon's cash flow are doing just fine.That brings me to the final point: Amazon's cash flow. Though earnings per share is a common tool used by investors to value publicly traded companies, it works poorly with Amazon, given that the company reinvests most of its operating cash flow back into the business. During the 2010s, investors willingly paid a median end-year multiple of 30 times cash flow to own Amazon stock. You can buy shares today for about 9 times Wall Street's forecast cash flow for the company in 2025. That's incredibly cheap for a winner like Amazon.","news_type":1},"isVote":1,"tweetType":1,"viewCount":127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9086592070,"gmtCreate":1650467548053,"gmtModify":1676534730943,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"👌&nbsp;","listText":"👌&nbsp;","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9086592070","repostId":"1106395694","repostType":4,"repost":{"id":"1106395694","kind":"news","pubTimestamp":1650465281,"share":"https://ttm.financial/m/news/1106395694?lang=&edition=fundamental","pubTime":"2022-04-20 22:34","market":"us","language":"en","title":"Why Is Procter & Gamble (PG) Stock Up Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=1106395694","media":"InvestorPlace","summary":"Procter & Gamble(NYSE:PG) stock is on the rise Wednesday following the release of the consumer goods","content":"<html><head></head><body><p><b>Procter &amp; Gamble</b>(NYSE:<b><u>PG</u></b>) stock is on the rise Wednesday following the release of the consumer goods company’s earnings report for the fiscal third quarter of 2022.</p><p>Let’s start out with the company’s adjusted diluted earnings per share of $1.33. That’s a boon to PG stock as it beats out the $1.29 per share that Wall Street was expecting. It’s also a 6% increase year-over-year from the $1.26 reported in fiscal Q3 2021.</p><p>Moving on to revenue, Procter &amp; Gamble reported $19.4 billion during its most recent earnings report. That’s another positive for PG stock compared to analysts’ revenue estimate of $18.73 billion. It also represents a 7% boost over the $18.1 billion reported during the same time last year.</p><p>Another interesting tidbit from the Procter &amp; Gamble earnings report is an organic sales growth of 10%. This marks its biggest jump in organic sales since the company started tracking that data 20 years ago.</p><p>Procter &amp; Gamble also provides a guidance update in its current earnings report. The company says it’s now targeting core EPS growth of 3% for the fiscal full year of 2022. This is at the low end of its 3% to 6% guidance. The company attributes that to ‘increased cost and foreign exchange challenges.”</p><p>Jon Moeller, president and CEO of Procter &amp; Gamble, said this in the earnings report.</p><blockquote>“We delivered another quarter with strong sales growth and made sequential earnings growth progress despite significant and increasing cost headwinds. These results enable us to raise our top-line growth outlook for the fiscal year and to maintain our EPS guidance range.”</blockquote><p>PG stock is up 3% as of Wednesday morning.</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>Why Is Procter & Gamble (PG) Stock Up Today?</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 Is Procter & Gamble (PG) Stock Up Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-20 22:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/04/why-is-procter-gamble-pg-stock-up-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Procter & Gamble(NYSE:PG) stock is on the rise Wednesday following the release of the consumer goods company’s earnings report for the fiscal third quarter of 2022.Let’s start out with the company’s ...</p>\n\n<a href=\"https://investorplace.com/2022/04/why-is-procter-gamble-pg-stock-up-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PG":"宝洁"},"source_url":"https://investorplace.com/2022/04/why-is-procter-gamble-pg-stock-up-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106395694","content_text":"Procter & Gamble(NYSE:PG) stock is on the rise Wednesday following the release of the consumer goods company’s earnings report for the fiscal third quarter of 2022.Let’s start out with the company’s adjusted diluted earnings per share of $1.33. That’s a boon to PG stock as it beats out the $1.29 per share that Wall Street was expecting. It’s also a 6% increase year-over-year from the $1.26 reported in fiscal Q3 2021.Moving on to revenue, Procter & Gamble reported $19.4 billion during its most recent earnings report. That’s another positive for PG stock compared to analysts’ revenue estimate of $18.73 billion. It also represents a 7% boost over the $18.1 billion reported during the same time last year.Another interesting tidbit from the Procter & Gamble earnings report is an organic sales growth of 10%. This marks its biggest jump in organic sales since the company started tracking that data 20 years ago.Procter & Gamble also provides a guidance update in its current earnings report. The company says it’s now targeting core EPS growth of 3% for the fiscal full year of 2022. This is at the low end of its 3% to 6% guidance. The company attributes that to ‘increased cost and foreign exchange challenges.”Jon Moeller, president and CEO of Procter & Gamble, said this in the earnings report.“We delivered another quarter with strong sales growth and made sequential earnings growth progress despite significant and increasing cost headwinds. These results enable us to raise our top-line growth outlook for the fiscal year and to maintain our EPS guidance range.”PG stock is up 3% as of Wednesday morning.","news_type":1},"isVote":1,"tweetType":1,"viewCount":80,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035757150,"gmtCreate":1647701664707,"gmtModify":1676534259399,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035757150","repostId":"2220777059","repostType":4,"repost":{"id":"2220777059","kind":"news","pubTimestamp":1647653153,"share":"https://ttm.financial/m/news/2220777059?lang=&edition=fundamental","pubTime":"2022-03-19 09:25","market":"us","language":"en","title":"Sea Limited: The Three-Headed Monster","url":"https://stock-news.laohu8.com/highlight/detail?id=2220777059","media":"seekingalpha","summary":"SummaryGarena, Sea’s only profitable segment, serves as a lifeline for its other two segments, but B","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Garena, Sea’s only profitable segment, serves as a lifeline for its other two segments, but Bookings are expected to fall sharply in FY2022.</li><li>In addition, Shopee&#39;s losses are widening. However, the e-commerce segment is expected to be self-funded by 2025. This is achievable as take rates are trending in the right direction.</li><li>SeaMoney is also gaining traction at an unprecedented pace, a monster lurking in the shadows. Investors should pay attention as this segment could serve as Sea&#39;s second cash cow.</li><li>With a net cash position of $5.9 billion and $(3.6) billion of estimated AEBITDA in FY2022, it won&#39;t be long before Sea requires another cash infusion.</li><li>Despite unprofitability risks, Sea has a strong brand, network effects, and barriers to entry moats. The stock is trading at the lowest multiple ever - it is worth a nibble at these prices.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51b3290f2015840c5d8f754c01de8a85\" tg-width=\"750\" tg-height=\"422\" referrerpolicy=\"no-referrer\"/><span>undefined undefined/iStock via Getty Images</span></p><p>I&#39;ve been following Sea Limited ADR (NYSE:SE) for quite some time now and the stock got me interested again given the recent 75% selloff. Today, I&#39;m doing a deep dive on the three-headed monster (and each of its heads) to see if the company is a good investment opportunity at these levels. Let&#39;s get started!</p><p><b>Investment Thesis</b></p><p>Sea is at the forefront of the internet revolution in developing regions. This had many investors buying into the growth story of the company, sending shares soaring high into the sun for the better part of 2020 and 2021. However, the stock has cratered back to sea amid concerns about the company&#39;s slowing growth, especially for its only cash cow, Garena. To make matters worse, Shopee&#39;s losses are also getting worse.</p><p>The Group&#39;s cash burn rate is still high, estimated to be $(3.6) billion in FY2022. With a net cash position of $5.9 billion, future capital raises are very likely.</p><p>On the bright side, Sea still has a long growth runway ahead, solidified by its leadership positions in Southeast Asia and Latin America. SeaMoney, although still unprofitable, could also emerge as Sea&#39;s second cash cow.</p><p>Despite unprofitability and competitive risks, Sea has strong competitive moats and it is trading at the cheapest valuation multiples since its IPO.</p><p>The three-headed monster is a Buy at these levels.</p><p><b>Value Proposition</b></p><p>Founded in Singapore in 2009, Sea has grown to become the leading consumer internet company in the world, with a substantial presence in the Southeast Asian region.</p><blockquote><b>Mission</b>: To better the lives of consumers and small businesses with technology.</blockquote><p>Sea is a holding company for three core businesses: Garena, Shopee, and SeaMoney. Sea&#39;s main value proposition is providing a vertically-integrated experience through its different core businesses.</p><p><b>Garena</b></p><p>Its digital entertainment division, Garena, was Sea&#39;s first business venture. In fact, Sea was originally named Garena Interactive Holding Limited before changing its name to Sea Limited in 2017.</p><p>Garena is one of the largest online games developers and publishers, releasing some of the most successful mobile and PC games over the last decade. For example, Garena&#39;s Free Fire, its self-developed mobile battle royale game, topped the global download charts for the last three years. According to data.ai, Free Fire also ranked second globally by average monthly active users on Google Play in 2021. In Southeast Asia and Latin America, Free Fire was the highest-grossing mobile game for ten consecutive quarters, and in the US for four consecutive quarters. Based on Sensor <a href=\"https://laohu8.com/S/TWR.AU\">Tower</a>&#39;s findings, Free Fire still holds the most downloads globally as of January 2022.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fa392753c19f14d60ee0d992e58c3d2f\" tg-width=\"1280\" tg-height=\"741\" referrerpolicy=\"no-referrer\"/><span>Source: SensorTower</span></p><p>Garena also exclusively licenses and publishes games from global partners and third-party developers. Some of these partners include Tencent (OTCPK:TCEHY), Activision (ATVI), and Arumgames. Games like Speed Drifters, Arena of Valor, and Fantasy Town fall into this category as they are co-developed with partners or licensed from partners.</p><p>In addition, Garena organizes some of the largest e-sports events from local tournaments to professional competitions at a global level. Moreover, Garena offers other entertainment content such as live-streaming, user chat, and online forums.</p><p><b>Shopee</b></p><p>Perhaps the most exciting business segment is Sea&#39;s mobile-centric e-commerce platform, Shopee. Launched in 2015, Shopee is now one of the fastest-growing e-commerce marketplaces with a strong presence in Southeast Asia, as well as growing recognition in Latin America and some European countries.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6649de846b2942b928a3f3e5d4035003\" tg-width=\"640\" tg-height=\"200\" referrerpolicy=\"no-referrer\"/><span>Source: Shopee</span></p><p>Through the Shopee platform, buyers can purchase items from sellers which are primarily small and medium businesses (or mom-and-pop stores). At the same time, larger, more established retailers like Xiaomi (OTCPK:XIACF), Microsoft (MSFT), or Samsung (OTC:SSNLF) can leverage Shopee&#39;s two premium shopping platforms, Shopee Mall and Shopee Premium.</p><p>Along with Shopee&#39;s e-commerce marketplace, Shopee also offers adjacent products and services for both buyers and sellers:</p><ul><li><b>Service by Shopee</b> - Value-added services for sellers such as integrated payment, logistics, fulfillment, seller support, inventory management, and online store operations.</li><li><b>BuyerProtection</b> - Consumer protection policies and procedures including seller verification, product listing screening, and dispute resolution. In addition, Shopee Guarantee reduces settlement risks by holding customers&#39; funds in a separate account until delivery is complete, where funds will be released to buyers.</li><li><b>Integrated Logistics Services</b>- Shopee partners with various local and regional third-party logistics service providers to provide a seamless last-mile delivery experience for both buyers and sellers. Shopee also has its own delivery service called Shopee Xpress.</li><li><b>Social Features</b> - Shopee also offers other social and gamification features, including Shopee Coins (virtual currency), Shopee Live (livestream), Shopee Games (in-app games), and Shopee Feed (similar to Instagram).</li><li><b>On-demand Services</b>- Shopee also recently launched on-demand services such as ShopeeFood, instant delivery, and groceries, competing directly with Grab (GRAB), Gojek, and Uber (UBER).</li></ul><p>Shopee&#39;s scale is unmatched and it is still growing at an unprecedented pace. According to data.ai, Shopee in Southeast Asia and Taiwan ranked first in average monthly active users and total time spent in the app in 2021. Shopee Indonesia, arguably Shopee&#39;s most important market, ranked first in the Shopping category. Shopee Brazil, which launched in October 2019, was also ranked first in the Shopping category. And globally, Shopee ranked first in the Shopping category, and is the #13 most downloaded app regardless of category, logging in 200+ million downloads in 2021.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f9c550b140720336e00cc78e954d184\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: SensorTower</span></p><p><b>SeaMoney</b></p><p>SeaMoney was launched in 2014 and is now one of the leading digital financial services providers in Sea&#39;s operating countries. SeaMoney offers mobile wallet services, payment processing, credit, and other digital financial services. These services are offered under SeaMoney&#39;s various brands including AirPay, ShopeePay, SPayLater, and other local brands depending on the country. SeaMoney was initially launched in Vietnam and Thailand but has since expanded to other regions.</p><p>Through SeaMoney&#39;s mobile wallet offerings, consumers and merchants have added flexibility in terms of payment options, whether through online or offline means. The launch of SPayLater, which is basically a &#34;buy now pay later&#34; payment option, enables consumers to purchase items without accessing credit. For those who are interested, I&#39;ve written a deep dive on Affirm (AFRM) where I discuss the main value propositions that BNPL provides.</p><p>SeaMoney has obtained bank licenses and government approvals to provide financial services in various countries. For example, Sea acquired Bank Kesejahteraan Ekonomi in Indonesia back in early 2021 as a push towards offering a digital banking solution. The company is now rebranded to SeaBank, which currently offers a high-yield savings account and virtual account.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c85c862195f86fe9d4f0f8c8beced6b\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: SeaBank Website</span></p><p>SeaMoney&#39;s main value proposition lies in offering a mobile wallet and payment solutions that are integrated with Sea&#39;s other businesses, namely Garena and Shopee, enabling consumers and merchants to transact seamlessly in one vertically-integrated platform.</p><p><b>Market Opportunity</b></p><p>Sea&#39;s market opportunity is predicated around the industry outlook of each of its business segments: mobile gaming, e-commerce, and fintech. Let&#39;s take a look at each industry that Sea operates in.</p><p>First, we have the mobile gaming industry. According to data.ai, Mobile Game Consumer Spend grew from $74 billion in 2018 to $116 billion in 2021, while Mobile Game Downloads grew from 63 billion in 2018 to 83 billion in 2021. Among the Top Genres by Downloads were Hypercasual games such as Hair Challenge and Water Sort Puzzle. However, the Top Genres by Consumer Spend belong to the Strategy, RPG, and Shooting categories where Garena specializes in. For example, Free Fire was the top Shooting game by revenue in Thailand, Brazil, Mexico, and the US, in 2021. Globally, however, it is still behind PUBG Mobile, which generates the bulk of its revenue from China.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f72bda6df6bc2b7bdf8756d218f53185\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: SensorTower</span></p><p>According to Adjust, the mobile gaming industry is expected to reach $272 billion by 2030, which is about 1.5x of 2021&#39;s total figure. Given Garena&#39;s successes in monetizing its games, Garena should continue to enjoy gaming tailwinds in the foreseeable future, provided that its games remain in trend. This is also supported by Unity&#39;s findings that the APAC region is the fastest-growing regional market, a market that Garena dominates in.</p><p>Moving on to e-commerce, we all know that e-commerce is growing rapidly and that its market share as a whole will continue to trend up from here. This is especially true for the Southeast Asian region where internet and smartphone adoption continues to increase by the day. Based on the e-Conomy SEA report, Southeast Asia now has 440 million internet users, up from 360 million in 2019. Its total population is about 589 million.</p><p>Internet Gross Merchandise Value, or GMV, for the region was $170 billion in 2021 and is expected to reach $360 billion by 2025 with e-commerce leading the charge. The shift to e-commerce is not only happening on the consumer side but also on the merchant side. Digital marketing tools, analytical tools, and digital payment solutions have accelerated business for merchants. Shopee&#39;s vertically-integrated platform also makes it easy for merchants in these developing countries to set up shop, distribute goods, and accept payments in a single platform.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2fcb903aed7c0ec901fc83c4f25f18b8\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: e-Conomy SEA 2021</span></p><p>Furthermore, Sea has recently expanded its e-commerce operations to other regions such as Latin America and Europe, which further expands its market opportunity.</p><p>Lastly, we have the fintech industry pertaining to SeaMoney. In my <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> (PYPL) deep dive, I discussed the growth of mobile wallets as a payment method in both online and offline transactions. The shift to a cashless and cardless society is inevitable and that is also true for Sea&#39;s markets.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/47ec896a6208b6023ae89f654704bbc7\" tg-width=\"1261\" tg-height=\"706\" referrerpolicy=\"no-referrer\"/><span>Source: Ark Invest Big Ideas 2022</span></p><p>As you can see below, mobile wallets continue to gain traction in Southeast Asia. In addition, 92% of digital merchants intend to maintain usage or increase usage of digital payments in the next 1 to 2 years. ShopeePay and SeaMoney&#39;s other brands will benefit from this trend. Also of important note, SeaMoney&#39;s expansion to buy now pay later with SPayLater will be a key GMV and revenue driver for the segment. These are the reasons why some investors are so bullish on SeaMoney and why SeaMoney is a monster lurking in the shadows.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0eb814b800c3121e3fb8cd0913f239d5\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/><span>Source: e-Conomy SEA 2021</span></p><p>As you can see, Sea is at the forefront of three megatrends which should propel the business forward from here. Also, combining the different verticals in the same platform would present a significant synergistic opportunity as Sea establishes itself as a SuperApp in the making.</p><p><b>Revenue Model</b></p><p>As mentioned previously, Sea operates three main business segments.</p><p><b>Digital Entertainment</b></p><p>Garena operates a freemium model whereby users can download and play games for free. The company generates revenue by selling in-game virtual items such as clothing, weaponry, or equipment.</p><p>Investors should take note of how revenue is recognized for this segment. According to Sea&#39;s 10-K:</p><blockquote>Proceeds from these sales are initially recognized as “Advances from customers” and subsequently reclassified to “Deferred revenue” when the users make in-game purchases of the virtual currencies or virtual items within the games operated by the Company and the in-game purchases are no longer refundable.</blockquote><p>Garena also licenses games from other game developers. Revenue is generated based on revenue-sharing/royalty agreements with these developers. Revenue is recognized over the performance obligation period.</p><blockquote>Such delivery obligation period is determined in accordance with the estimated average lifespan of the virtual goods sold or estimated average lifespan of the paying users of the said games or similar games.</blockquote><p><b>E-commerce</b></p><p>Shopee generates revenue through a marketplace model. Sellers on the platform pay Shopee based on paid advertisement services, transaction-based fees, logistics services, and other value-added services.</p><p>Shopee also generates revenue from goods sold directly by Shopee, which the company purchases in bulk from manufacturers or third-party suppliers.</p><p><b>Digital Financial Services</b></p><p>SeaMoney revenue consists of:</p><ul><li>Interest and fees from loans granted to commercial customers</li><li>Interest and fees from Sea&#39;s consumer credit business such as SPayLater</li><li>Commissions charged to merchants when a customer pays using SeaMoney&#39;s mobile wallet</li></ul><p><b>Income Statement</b></p><p>Let&#39;s analyze each of the business segments and then look at the entire Group as a whole.</p><p><b>Digital Entertainment</b></p><p>Garena Revenue saw a 104% increase YoY in Q4. For the full year, Garena Revenue was up 114% YoY.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/998dfbcf3f3dba11b8f8722710c36ba4\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The rapid increase in Revenue was primarily due to recognition of accumulated deferred revenue from previous quarters. Bookings—which is essentially GAAP Revenue plus the change in digital entertainment deferred revenue —actually dropped for the first time QoQ and it is now lower than Revenue. This means that gamers are spending less on in-virtual items which will lead to lower Revenue recognized in subsequent quarters. As you can see, Bookings is in a massive deceleration.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e06de5e6066b66cd5596a445cd912c98\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The drop in Bookings was due to fewer gamers in the platform as the economy reopens and people spend more time outdoors, at school, or in the office. Quarterly Active Users, or QAUs, grew only 7% in Q4 to 652 million, compared to Q3&#39;s QAUs of 729 million.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c5bdd570a9eb859a9fef8569c9fad10a\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>As a result, Quarterly Paying Users, or QPUs, decelerated as well, which led to lower Bookings. Q4 QPUs was 77 million compared to Q3&#39;s 93 million.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/092c4a2f47b9336f2753b4548707b39f\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The markets reacted negatively to this slowdown in Garena growth as the gaming business acts as the lifeline for Sea&#39;s two other segments. As you can see, Garena is a high-margin business, producing Adjusted EBITDA of $2.7 billion in FY2021. Operating Margin is very high at 61% in Q4. AEBITDA margin, on the other hand, is trending downwards as QoQ adds in Bookings wither.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f28c9f35ee55afb5c7d170a80d26ebf2\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>As such, the slowdown in growth for Garena is scaring investors away as it may not provide sufficient cash flow to fund the continued growth of Shopee and SeaMoney.</p><p><b>E-Commerce</b></p><p>Shopee GMV continues its upward march as e-commerce continues to gain traction in Shopee&#39;s existing and newer markets. However, we&#39;re also seeing a deceleration in growth due to tough YoY comps. GMV in FY2021 was $62.5 billion, an increase of 77%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4f657f7cacc9e00bc57df0e913fdb9ae\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>GMV growth was also due to an increase in Orders in the Shopee platform, which totaled 6.1 billion in FY2021, an increase of 117%. Average Order Value, or AOV, however, is trending downwards. This may be perceived negatively as processing more lower-AOV orders meant higher logistical expenses and thus lower margins per order.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5fbc7f044de03ec379f262a5bfcdf331\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The increase in GMV translated to higher Shopee Revenue, which grew faster than GMV. Shopee Revenue grew 136% to $5.1 billion in FY2021, as compared to GMV growth of 77%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/27710dc2140a6d139900819f51bd688a\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The faster growth in Revenue was due to Shopee&#39;s increasing take rate, which displays Shopee&#39;s ability to monetize its marketplace platform. This is one of the only few positive developments coming out of the most recent earnings update.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0e4267bc5d33a2153e8624f73ed71540\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Despite the improving Revenue and take rate, Shopee is still suffering huge losses and it is mounting with each subsequent quarter, primarily due to the company expanding into new markets. FY2021 Shopee AEBITDA was $(2.6) billion at a -50% margin. Recall that Garena AEBITDA was $2.7 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d9d27cef61bc9a9058233f7eccc5eaa1\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>AEBITDA per Order has been improving, although it flat-lined in the last few quarters. Again, this is due to the company aggressively expanding into new markets. For example, in Q4, Shopee Brazil recorded 140+ million gross orders with a $70+ million Revenue, up 400% and 326%, respectively. However, AEBITDA per Order in Brazil is still negative at $(2) per Order, despite being a 40% improvement from last year. As such, it is still a far cry from the overall AEBITDA per Order of $(0.45).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c0d6aa930a81ea4fc153b7134dbf9d3\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>On the bright side, in Southeast Asia and Taiwan, Q4 AEBITDA per Order before &#34;allocation of the headquarters’ common expenses&#34; was $(0.15), an improvement from last year&#39;s $(0.21). This shows that there is certainly hope for Shopee to be AEBITDA positive soon, which management has pointed out during the Q4 earnings call:</p><blockquote>We currently expect Shopee to achieve positive adjusted EBITDA before HQ cost allocation in Southeast Asia and Taiwan by this year. We also expect SeaMoney to achieve positive cash flow by next year. As a result, we currently expect that by 2025 cash generated by Shopee and SeaMoney proactively will enable these two businesses to substantially self-fund their own long-term growth.</blockquote><p><b>Digital Financial Services</b></p><p>SeaMoney&#39;s Mobile Wallet Total Payment Volume grew 120% YoY to $17.2 billion in FY2021 due to the increasing adoption of mobile wallets in the region.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4fa5ef6efa513d9040963fda42b4b9f2\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The growth in TPV was largely driven by the growth in QAUs. As shown below, the total ending QAUs in Q4 grew 90% YoY to 45.8 million users.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9397aec066366f40ec92c24187347a44\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The real exciting part is that Revenue grew much faster than TPV and QAUs. SeaMoney Revenue is growing at a blistering pace, locking in high triple-digit growth rates over the last few years. FY2021 SeaMoney Revenue was $470 million, which is an increase of 673% from the previous year. This is due to take rates increasing from less than 1% in FY2020 to almost 4% by the end of the latest quarter.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dcaf6046cf3c27e00b233a8428eb2d75\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Furthermore, in Indonesia, over 20% of the QAUs have used more than one SeaMoney product or service, which includes credit services, digital banking, and insurance. As SeaMoney introduces more offerings, revenue should accelerate meaningfully as average revenue per user increases when people use additional products.</p><p>As SeaMoney continues to gain scale, the segment will enjoy better unit economics. As shown below, while SeaMoney&#39;s AEBITDA is still in deeply negative territories, AEBITDA Margins has continued to trend towards profitability. Management also expects SeaMoney to be cash flow positive by next year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/51f0d5a1800fef748694417e8cb8fc9f\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>This is the segment that investors should pay special attention to, given that it has the potential to be Sea&#39;s second cash cow. For example, PayPal has Operating Margins of 20%+, which could be SeaMoney&#39;s long-term margin profile.</p><p><b>Group</b></p><p>With that said, let&#39;s take a look at how the business is doing as a whole.</p><p>FY2021 Revenue was $10.0 billion, an increase of 128% YoY. Due to the law of large numbers and tough YoY comps, Revenue growth should decelerate from here.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/38de60bd773f3ef7afc4b2e28aa1c08f\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Here, we can see how Revenue is distributed across the different segments.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a86e59478db8a3a4fdc85897f24410e9\" tg-width=\"640\" tg-height=\"428\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>What&#39;s encouraging is that Gross Profit Margins continue to trend upwards as the company gains economies of scale, even accounting for Shopee&#39;s aggressive expansion into new markets. FY2021 Gross Profit was $3.9 billion, up 189% YoY.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd978ba4047cc6e20ac6086ba8420a8f\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Operating Expenses, however, remain elevated as management forgoes short-term profitability for long-term market dominance. FY2021 Total Operating Expenses were $5.5 billion. Below shows the different components of Operating Expenses as a percentage of Revenue.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fbdbde2c2ae744f36f8168ed32f94d62\" tg-width=\"640\" tg-height=\"419\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Most of the Operating Expenses were used for Sales &amp; Marketing purposes. Unsurprisingly, Shopee had the highest S&amp;M burn rate. Discounts, cashback, celebrity promotions... they&#39;re everywhere.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5253f186120da17c4cd901e5c442bd1e\" tg-width=\"640\" tg-height=\"419\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>As a result, Operating Profit Margins is still negative, although it is trending in the right direction.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a27b7833551107397c44acefc5ad2475\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>AEBITDA, on the other hand, is plunging. This is due to Garena&#39;s falling Bookings and Shoppe&#39;s widening losses. AEBITDA for FY2021 was $(594) million, compared to FY2020 positive AEBITDA of $107 million. This is probably the most concerning figure for investors as such a high cash burn rate is unsustainable, which may also lead to additional capital raises that are dilutive to shareholders.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d89fb95f74e23e85f8932870c0190bee\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>The guidance did not help either. Garena Bookings is expected to fall to just $3 billion, which is $1.3 billion lower than FY2021&#39;s number. Management blamed the reopening of the economy as well as the ban of Free Fire in India for the expected drop in Bookings. Assuming a modest 50% AEBITDA margin, Garena would bring in just $1.5 billion of AEBITDA for Sea in FY2022.</p><p>On the other side, the other two segments are expected to continue with their immense pace of growth — Shopee and SeaMoney are expected to grow by 76% and 155%, respectively. If we assume a (50)% AEBITDA margin for both segments, Shopee and SeaMoney is expected to burn a total of about $(5.1) billion of AEBITDA. Adding Garena&#39;s estimated AEBITDA of $1.5 billion, Sea, as a Group, is expected to burn $(3.6) billion in FY2021.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae5e9399a838e5f841dcccaffbe673d8\" tg-width=\"640\" tg-height=\"357\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited FY2021 Q4 Investor Presentation</span></p><p>Because Garena is such an important piece of Shopee&#39;s and SeaMoney&#39;s growth story, a deceleration in Garena&#39;s business had investors reacting so negatively to Sea&#39;s latest earnings release, as now, the gaming business is incapable of covering the massive losses incurred by the other two business segments.</p><p><b>Balance Sheet</b></p><p>Sea&#39;s balance sheet position as of year-end FY2021 is at about $10.2 billion of Cash and Short Term Investments. While this may show that Sea has a substantial cushion against its short-term cash burn rate, its net cash position paints a different picture.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dc30ee494abc2eda3b75434b96e4a66b\" tg-width=\"640\" tg-height=\"357\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited FY2021 Q4 Investor Presentation</span></p><p>Adjusting for Sea&#39;s debt, Sea ended the year with a net cash position of around $5.9 billion. A substantial amount of its total debt comes from its recent issuance of 0.25% Convertible Senior Notes due 2026. The notes were issued when the stock was trading at $318 per share back in September and the initial conversion price is set at $477 per share. So, yes... conversion in the next 2 to 3 years is very unlikely.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8d3d0030e6518cc4198245f624cc75e1\" tg-width=\"640\" tg-height=\"437\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>With net cash of $5.9 billion and $(3.6) billion of estimated AEBITDA in FY2022, it won&#39;t be long before Sea requires another cash infusion. Therefore, if the high cash burn rate persists for the next 2 to 3 years, investors face a major risk of increasing financial leverage and/or dilution in the form of equity raises.</p><p><b>Cash Flow Statement</b></p><p>Here is what cash flow looks like over the last few quarters. Notice how Operating Cash Flow turned negative in the last quarter. Most of the cash also comes from Financing activities.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a0aba061277a1410bb9f3dc176ea0115\" tg-width=\"640\" tg-height=\"263\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p>Unlike other high-flying growth companies, Sea&#39;s Share-Based Compensation expenses are relatively low.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/81fa229682c8880d6edd35535ef6a747\" tg-width=\"640\" tg-height=\"419\" referrerpolicy=\"no-referrer\"/><span>Source: Sea Limited Investor Relations and Author&#39;s Analysis</span></p><p><b>Competitive Moats</b></p><p>Based on my research and analysis, I identified three key competitive moats for Sea: brand, network effects, and barriers to entry. I used to think that Sea has cost advantages but as Garena becomes a smaller part of the overall business, and as losses continue to worsen, I have reason to believe that Sea no longer holds that moat.</p><p><b>Brand</b></p><p>As discussed in previous sections, Garena&#39;s games, particularly Free Fire, have consistently ranked as the most downloaded mobile game in the world. Additionally, the Shopee app has gained cross-border stardom and is now regarded as the most downloaded or fastest-trending shopping App in the countries it operates in. Lastly, SeaMoney is also gaining traction with banking licenses granted in various countries that should increase brand value and trust.</p><p><b>Network Effects</b></p><p>The sheer amount of app downloads leads to powerful network effects. Garena has 652 million QAUs, which is about 8% of the world&#39;s population. Shopee recorded 200+ million app downloads in FY2021 alone. SeaMoney QAUs topped 45.8 million in Q4 and it is still in the early stages of adoption.</p><p>With all these users in the Sea platform, cross-selling new products or services should be easier as Sea continues to scale. One such example is Shopee Brazil and Free Fire where each platform is encouraging consumers to use the other. As Sea continues to innovate and offer better experiences for its customers, the ecosystem gets bigger and tighter, leading to powerful network effects.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c641ac08707cc868b9e6004e2deaf950\" tg-width=\"1200\" tg-height=\"600\" referrerpolicy=\"no-referrer\"/><span>Source: Shopee Brazil</span></p><p><b>Barriers To Entry</b></p><p>I believe each of Sea&#39;s core businesses is operating in a winner-takes-most environment with high barriers to entry.</p><p>The mobile gaming environment requires the most talented developers to launch blockbuster games. Garena&#39;s Free Fire is certainly a blockbuster game and time in Free Fire&#39;s game means time away from other mobile games.</p><p>Just like how Amazon (AMZN) dominates in the US, the e-commerce landscape in Southeast Asia and Latin America is dominated by a few players, such as Shopee, Tokopedia, and <a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a> (MELI). The scale and unit economics that these players have achieved makes it unsustainable for new entrants to compete with them.</p><p>Banking and fintech is also a highly-regulated environment. Furthermore, consumers prefer to have just one mobile wallet, such as ShopeePay, as opposed to owning several different fintech applications.</p><p><b>Valuation</b></p><p>Based on my sum-of-the-parts and comparable company valuation analysis, Sea looks to be slightly undervalued with 19% upside potential. Of course, comparables are not perfect but based on this, we can gauge where Sea stands among peers.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2400cd917e5f6ce8c47ef74a8062093\" tg-width=\"640\" tg-height=\"353\" referrerpolicy=\"no-referrer\"/><span>Source: Author&#39;s Analysis</span></p><p>On the flip side, Sea looks extremely cheap on a historical basis. In terms of EV/Sales, Sea is trading at the lowest valuation since its IPO, trading at just 4.2x forward sales.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bed1fd805a89523bbb8fa982bee40079\" tg-width=\"640\" tg-height=\"427\" referrerpolicy=\"no-referrer\"/><span>Source: Koyfin</span></p><p>In terms of EV/Gross Profit, Sea is trading even cheaper than its March 2020 lows.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fdf589a808c84131e9c36aa7b65a5129\" tg-width=\"640\" tg-height=\"427\" referrerpolicy=\"no-referrer\"/><span>Source: Koyfin</span></p><p>The valuation compression is warranted given that the company flew too close to the sun and now it is cratering back to the sea — not just for Sea, but almost all growth stocks took a beating. Growth is also slowing down and the macroeconomic environment looks gloomier than ever. However, this is not the end of the world; I think the markets are overreacting. Diversion from the mean goes both ways — perhaps, current prices present a good margin of safety for long-term investors.</p><p><b>Catalysts</b></p><ul><li><b>Successful International Expansion</b> — Shopee has been successful in replicating its playbook from Southeast Asia to Brazil. Recently, Shopee launched operations in India, Mexico, Chile, Colombia, Argentina, Poland, and Spain. If Shopee can take substantial market share in these new regions, Shopee&#39;s growth could turn exponential.</li><li><b>The Metaverse</b> — Sea&#39;s withering gaming division needs to be revitalized. New games and features could definitely provide the boost that it needs. For example, the metaverse is an exciting opportunity and Garena could introduce this concept to its 600+ million QAUs. Sea AI Lab (SAIL) and Sea Capital are two ventures that could accelerate the company into emerging industries, including the metaverse.</li></ul><blockquote>We will continue to encourage user-generated content by enhancing greater features and accessibility. We believe that a strong user reception to Craftland is a positive indicator of the initial success to encourage user participation in content creation and to build Free Fire into an increasingly open platform and is well aligned with major emerging industry trends such as metaverse.</blockquote><ul><li><b>Regional SuperApp</b> — Although this concept has yet to be discussed by management, launching a regional SuperApp could enhance user engagement to new levels. For example, imagine Shopee users being able to play games, shop, order food delivery, pay for services, transfer money, invest, all under one app. Imagine users being able to convert their deposited funds in ShopeePay, into ShopeeCoins, and use it to perform cross-border transactions.</li><li><b>Continued Growth In SeaMoney</b> — SeaMoney is still in its early stages and continued adoption of Sea&#39;s digital financial services offerings will be a strong addition to Sea&#39;s bull thesis. SPayLater has real potential to disrupt the consumer credit industry. SeaBank and ShopeePay have the opportunity to capture digital wallet, digital banking, and cashless society trends.</li><li><b>Free Fire India Ban Lift</b>— Garena&#39;s weak guidance factored in the headwinds coming from the ban in India. If the ban is lifted, the stock may react positively as much of Sea&#39;s cash burn problems may be eliminated.</li></ul><p><b>Risks</b></p><ul><li><b>The Pressure to Launch Blockbuster Games</b>— There will come a time when Free Fire will be dethroned as the most-played and most-downloaded game. That is just how the gaming business works. This puts a substantial risk on the cash flow generation potential of Garena. Launching blockbuster games is never easy and it requires many trials and errors along the way. For me, I would like to see Garena shift to a gaming franchise model where the company launches an updated version of an existing game every year or two, which presents a more stable and recurring revenue stream for the company. An example would be FIFA or Call of Duty.</li><li><b>Shopee India Ban</b> — With Free Fire banned in India, there&#39;s also the potential for Shoppe to be banned as well.</li><li><b>Failure to Gain Traction in International Markets</b>— Shopee pulled out of France in early March, an indication that Shoppe&#39;s business model is not replicable in other countries, especially in more developed regions. Shopee Poland and Spain may be next on the exit list as they hold a close resemblance to France.</li><li><b>Geopolitical Risks</b>— Tencent, a Chinese company, has an 18.7% equity stake in Sea. Sanctions, bans, and other restrictions on Chinese companies, given the current geopolitical environment, could spell trouble for Sea. Tencent may have to cut exposure on Sea or even dissolve its developing-publishing partnership with Garena.</li><li><b>Local Competition</b>— Local champions operating in their respective markets cannot be ignored. These include GoTo in Indonesia, MercadoLibre in Latin America, and Flipkart in India.</li></ul><p>In addition, there&#39;s a certain level of pride for consumers to see their native-born companies succeed. I&#39;m Indonesian, and it makes me really happy to see GoTo grow and grow.</p><p>GoTo, the holding company of both Indonesian tech darlings Gojek and Tokopedia, recently announced its plan to IPO in the Indonesia Stock Exchange. Here&#39;s a glance of GoTo&#39;s stats for the 12-months ended 30 September 2021:</p><ul><li>Valuation: $26.2 billion to $28.8 billion</li><li>GMV: $28.8 billion</li><li>Revenue: $1 billion</li><li>Gross Orders: 2 billion</li><li>Annual Transacting Users: 55 million</li><li>Driver Partners: 2.5 million</li><li>Merchants: 14 million</li></ul><p>The point is that there are big-time local players operating in Sea&#39;s markets that investors should never ignore. Here&#39;s a little snippet from my previous Shopee article:</p><blockquote>But with the GoTo merger, Indonesia could potentially extinguish the orange flame that charred its forest for many years. Now, GoTo could finally reclaim a good chunk of its territory that was lost to waves of competition, especially from Shopee. GoTo could finally gain more ground as the roots grew even stronger with the merger, fertilized with the synergies of value propositions, logistics, payments, and banking solutions.</blockquote><blockquote>Meanwhile, Sea Limited&#39;s stock continues to soar, ignoring the titan of an elephant in the room. And because of GoTo&#39;s integration, Shopee&#39;s vertically-integrated business model doesn&#39;t look like a strong competitive advantage anymore.</blockquote><p><b>Conclusion</b></p><p>Each of Sea&#39;s core businesses is in hypergrowth mode, propelled by megatrends in the mobile gaming, e-commerce, and fintech industry. Management understands these opportunities and therefore, is sacrificing short-term profitability for long-term market dominance. Despite being a larger business, Sea still has a massive growth runway ahead.</p><p>That is not to say that unprofitability and competition risks can and should be ignored. The biggest concern for investors is the company&#39;s unsustainable cash burn rate, which will likely lead to further capital raises in the near future.</p><p>Nonetheless, the long-term growth thesis for the three-headed monster remains intact. Strong brand, network effects, and barriers to entry moats should support the business going forward. In addition, shares of Sea are trading at the lowest valuation multiples ever, which presents a good margin of safety for an entry at these prices.</p><p>Thank you for reading my Sea Limited deep dive. If you enjoyed the article, please let me know in the comment section down below. If you have any suggestions or feedback, don&#39;t hesitate to share your thoughts as well.</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>Sea Limited: The Three-Headed Monster</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\">\nSea Limited: The Three-Headed Monster\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-19 09:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4496480-sea-limited-the-three-headed-monster><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGarena, Sea’s only profitable segment, serves as a lifeline for its other two segments, but Bookings are expected to fall sharply in FY2022.In addition, Shopee's losses are widening. However, ...</p>\n\n<a href=\"https://seekingalpha.com/article/4496480-sea-limited-the-three-headed-monster\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4496480-sea-limited-the-three-headed-monster","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2220777059","content_text":"SummaryGarena, Sea’s only profitable segment, serves as a lifeline for its other two segments, but Bookings are expected to fall sharply in FY2022.In addition, Shopee's losses are widening. However, the e-commerce segment is expected to be self-funded by 2025. This is achievable as take rates are trending in the right direction.SeaMoney is also gaining traction at an unprecedented pace, a monster lurking in the shadows. Investors should pay attention as this segment could serve as Sea's second cash cow.With a net cash position of $5.9 billion and $(3.6) billion of estimated AEBITDA in FY2022, it won't be long before Sea requires another cash infusion.Despite unprofitability risks, Sea has a strong brand, network effects, and barriers to entry moats. The stock is trading at the lowest multiple ever - it is worth a nibble at these prices.undefined undefined/iStock via Getty ImagesI've been following Sea Limited ADR (NYSE:SE) for quite some time now and the stock got me interested again given the recent 75% selloff. Today, I'm doing a deep dive on the three-headed monster (and each of its heads) to see if the company is a good investment opportunity at these levels. Let's get started!Investment ThesisSea is at the forefront of the internet revolution in developing regions. This had many investors buying into the growth story of the company, sending shares soaring high into the sun for the better part of 2020 and 2021. However, the stock has cratered back to sea amid concerns about the company's slowing growth, especially for its only cash cow, Garena. To make matters worse, Shopee's losses are also getting worse.The Group's cash burn rate is still high, estimated to be $(3.6) billion in FY2022. With a net cash position of $5.9 billion, future capital raises are very likely.On the bright side, Sea still has a long growth runway ahead, solidified by its leadership positions in Southeast Asia and Latin America. SeaMoney, although still unprofitable, could also emerge as Sea's second cash cow.Despite unprofitability and competitive risks, Sea has strong competitive moats and it is trading at the cheapest valuation multiples since its IPO.The three-headed monster is a Buy at these levels.Value PropositionFounded in Singapore in 2009, Sea has grown to become the leading consumer internet company in the world, with a substantial presence in the Southeast Asian region.Mission: To better the lives of consumers and small businesses with technology.Sea is a holding company for three core businesses: Garena, Shopee, and SeaMoney. Sea's main value proposition is providing a vertically-integrated experience through its different core businesses.GarenaIts digital entertainment division, Garena, was Sea's first business venture. In fact, Sea was originally named Garena Interactive Holding Limited before changing its name to Sea Limited in 2017.Garena is one of the largest online games developers and publishers, releasing some of the most successful mobile and PC games over the last decade. For example, Garena's Free Fire, its self-developed mobile battle royale game, topped the global download charts for the last three years. According to data.ai, Free Fire also ranked second globally by average monthly active users on Google Play in 2021. In Southeast Asia and Latin America, Free Fire was the highest-grossing mobile game for ten consecutive quarters, and in the US for four consecutive quarters. Based on Sensor Tower's findings, Free Fire still holds the most downloads globally as of January 2022.Source: SensorTowerGarena also exclusively licenses and publishes games from global partners and third-party developers. Some of these partners include Tencent (OTCPK:TCEHY), Activision (ATVI), and Arumgames. Games like Speed Drifters, Arena of Valor, and Fantasy Town fall into this category as they are co-developed with partners or licensed from partners.In addition, Garena organizes some of the largest e-sports events from local tournaments to professional competitions at a global level. Moreover, Garena offers other entertainment content such as live-streaming, user chat, and online forums.ShopeePerhaps the most exciting business segment is Sea's mobile-centric e-commerce platform, Shopee. Launched in 2015, Shopee is now one of the fastest-growing e-commerce marketplaces with a strong presence in Southeast Asia, as well as growing recognition in Latin America and some European countries.Source: ShopeeThrough the Shopee platform, buyers can purchase items from sellers which are primarily small and medium businesses (or mom-and-pop stores). At the same time, larger, more established retailers like Xiaomi (OTCPK:XIACF), Microsoft (MSFT), or Samsung (OTC:SSNLF) can leverage Shopee's two premium shopping platforms, Shopee Mall and Shopee Premium.Along with Shopee's e-commerce marketplace, Shopee also offers adjacent products and services for both buyers and sellers:Service by Shopee - Value-added services for sellers such as integrated payment, logistics, fulfillment, seller support, inventory management, and online store operations.BuyerProtection - Consumer protection policies and procedures including seller verification, product listing screening, and dispute resolution. In addition, Shopee Guarantee reduces settlement risks by holding customers' funds in a separate account until delivery is complete, where funds will be released to buyers.Integrated Logistics Services- Shopee partners with various local and regional third-party logistics service providers to provide a seamless last-mile delivery experience for both buyers and sellers. Shopee also has its own delivery service called Shopee Xpress.Social Features - Shopee also offers other social and gamification features, including Shopee Coins (virtual currency), Shopee Live (livestream), Shopee Games (in-app games), and Shopee Feed (similar to Instagram).On-demand Services- Shopee also recently launched on-demand services such as ShopeeFood, instant delivery, and groceries, competing directly with Grab (GRAB), Gojek, and Uber (UBER).Shopee's scale is unmatched and it is still growing at an unprecedented pace. According to data.ai, Shopee in Southeast Asia and Taiwan ranked first in average monthly active users and total time spent in the app in 2021. Shopee Indonesia, arguably Shopee's most important market, ranked first in the Shopping category. Shopee Brazil, which launched in October 2019, was also ranked first in the Shopping category. And globally, Shopee ranked first in the Shopping category, and is the #13 most downloaded app regardless of category, logging in 200+ million downloads in 2021.Source: SensorTowerSeaMoneySeaMoney was launched in 2014 and is now one of the leading digital financial services providers in Sea's operating countries. SeaMoney offers mobile wallet services, payment processing, credit, and other digital financial services. These services are offered under SeaMoney's various brands including AirPay, ShopeePay, SPayLater, and other local brands depending on the country. SeaMoney was initially launched in Vietnam and Thailand but has since expanded to other regions.Through SeaMoney's mobile wallet offerings, consumers and merchants have added flexibility in terms of payment options, whether through online or offline means. The launch of SPayLater, which is basically a \"buy now pay later\" payment option, enables consumers to purchase items without accessing credit. For those who are interested, I've written a deep dive on Affirm (AFRM) where I discuss the main value propositions that BNPL provides.SeaMoney has obtained bank licenses and government approvals to provide financial services in various countries. For example, Sea acquired Bank Kesejahteraan Ekonomi in Indonesia back in early 2021 as a push towards offering a digital banking solution. The company is now rebranded to SeaBank, which currently offers a high-yield savings account and virtual account.Source: SeaBank WebsiteSeaMoney's main value proposition lies in offering a mobile wallet and payment solutions that are integrated with Sea's other businesses, namely Garena and Shopee, enabling consumers and merchants to transact seamlessly in one vertically-integrated platform.Market OpportunitySea's market opportunity is predicated around the industry outlook of each of its business segments: mobile gaming, e-commerce, and fintech. Let's take a look at each industry that Sea operates in.First, we have the mobile gaming industry. According to data.ai, Mobile Game Consumer Spend grew from $74 billion in 2018 to $116 billion in 2021, while Mobile Game Downloads grew from 63 billion in 2018 to 83 billion in 2021. Among the Top Genres by Downloads were Hypercasual games such as Hair Challenge and Water Sort Puzzle. However, the Top Genres by Consumer Spend belong to the Strategy, RPG, and Shooting categories where Garena specializes in. For example, Free Fire was the top Shooting game by revenue in Thailand, Brazil, Mexico, and the US, in 2021. Globally, however, it is still behind PUBG Mobile, which generates the bulk of its revenue from China.Source: SensorTowerAccording to Adjust, the mobile gaming industry is expected to reach $272 billion by 2030, which is about 1.5x of 2021's total figure. Given Garena's successes in monetizing its games, Garena should continue to enjoy gaming tailwinds in the foreseeable future, provided that its games remain in trend. This is also supported by Unity's findings that the APAC region is the fastest-growing regional market, a market that Garena dominates in.Moving on to e-commerce, we all know that e-commerce is growing rapidly and that its market share as a whole will continue to trend up from here. This is especially true for the Southeast Asian region where internet and smartphone adoption continues to increase by the day. Based on the e-Conomy SEA report, Southeast Asia now has 440 million internet users, up from 360 million in 2019. Its total population is about 589 million.Internet Gross Merchandise Value, or GMV, for the region was $170 billion in 2021 and is expected to reach $360 billion by 2025 with e-commerce leading the charge. The shift to e-commerce is not only happening on the consumer side but also on the merchant side. Digital marketing tools, analytical tools, and digital payment solutions have accelerated business for merchants. Shopee's vertically-integrated platform also makes it easy for merchants in these developing countries to set up shop, distribute goods, and accept payments in a single platform.Source: e-Conomy SEA 2021Furthermore, Sea has recently expanded its e-commerce operations to other regions such as Latin America and Europe, which further expands its market opportunity.Lastly, we have the fintech industry pertaining to SeaMoney. In my PayPal (PYPL) deep dive, I discussed the growth of mobile wallets as a payment method in both online and offline transactions. The shift to a cashless and cardless society is inevitable and that is also true for Sea's markets.Source: Ark Invest Big Ideas 2022As you can see below, mobile wallets continue to gain traction in Southeast Asia. In addition, 92% of digital merchants intend to maintain usage or increase usage of digital payments in the next 1 to 2 years. ShopeePay and SeaMoney's other brands will benefit from this trend. Also of important note, SeaMoney's expansion to buy now pay later with SPayLater will be a key GMV and revenue driver for the segment. These are the reasons why some investors are so bullish on SeaMoney and why SeaMoney is a monster lurking in the shadows.Source: e-Conomy SEA 2021As you can see, Sea is at the forefront of three megatrends which should propel the business forward from here. Also, combining the different verticals in the same platform would present a significant synergistic opportunity as Sea establishes itself as a SuperApp in the making.Revenue ModelAs mentioned previously, Sea operates three main business segments.Digital EntertainmentGarena operates a freemium model whereby users can download and play games for free. The company generates revenue by selling in-game virtual items such as clothing, weaponry, or equipment.Investors should take note of how revenue is recognized for this segment. According to Sea's 10-K:Proceeds from these sales are initially recognized as “Advances from customers” and subsequently reclassified to “Deferred revenue” when the users make in-game purchases of the virtual currencies or virtual items within the games operated by the Company and the in-game purchases are no longer refundable.Garena also licenses games from other game developers. Revenue is generated based on revenue-sharing/royalty agreements with these developers. Revenue is recognized over the performance obligation period.Such delivery obligation period is determined in accordance with the estimated average lifespan of the virtual goods sold or estimated average lifespan of the paying users of the said games or similar games.E-commerceShopee generates revenue through a marketplace model. Sellers on the platform pay Shopee based on paid advertisement services, transaction-based fees, logistics services, and other value-added services.Shopee also generates revenue from goods sold directly by Shopee, which the company purchases in bulk from manufacturers or third-party suppliers.Digital Financial ServicesSeaMoney revenue consists of:Interest and fees from loans granted to commercial customersInterest and fees from Sea's consumer credit business such as SPayLaterCommissions charged to merchants when a customer pays using SeaMoney's mobile walletIncome StatementLet's analyze each of the business segments and then look at the entire Group as a whole.Digital EntertainmentGarena Revenue saw a 104% increase YoY in Q4. For the full year, Garena Revenue was up 114% YoY.Source: Sea Limited Investor Relations and Author's AnalysisThe rapid increase in Revenue was primarily due to recognition of accumulated deferred revenue from previous quarters. Bookings—which is essentially GAAP Revenue plus the change in digital entertainment deferred revenue —actually dropped for the first time QoQ and it is now lower than Revenue. This means that gamers are spending less on in-virtual items which will lead to lower Revenue recognized in subsequent quarters. As you can see, Bookings is in a massive deceleration.Source: Sea Limited Investor Relations and Author's AnalysisThe drop in Bookings was due to fewer gamers in the platform as the economy reopens and people spend more time outdoors, at school, or in the office. Quarterly Active Users, or QAUs, grew only 7% in Q4 to 652 million, compared to Q3's QAUs of 729 million.Source: Sea Limited Investor Relations and Author's AnalysisAs a result, Quarterly Paying Users, or QPUs, decelerated as well, which led to lower Bookings. Q4 QPUs was 77 million compared to Q3's 93 million.Source: Sea Limited Investor Relations and Author's AnalysisThe markets reacted negatively to this slowdown in Garena growth as the gaming business acts as the lifeline for Sea's two other segments. As you can see, Garena is a high-margin business, producing Adjusted EBITDA of $2.7 billion in FY2021. Operating Margin is very high at 61% in Q4. AEBITDA margin, on the other hand, is trending downwards as QoQ adds in Bookings wither.Source: Sea Limited Investor Relations and Author's AnalysisAs such, the slowdown in growth for Garena is scaring investors away as it may not provide sufficient cash flow to fund the continued growth of Shopee and SeaMoney.E-CommerceShopee GMV continues its upward march as e-commerce continues to gain traction in Shopee's existing and newer markets. However, we're also seeing a deceleration in growth due to tough YoY comps. GMV in FY2021 was $62.5 billion, an increase of 77%.Source: Sea Limited Investor Relations and Author's AnalysisGMV growth was also due to an increase in Orders in the Shopee platform, which totaled 6.1 billion in FY2021, an increase of 117%. Average Order Value, or AOV, however, is trending downwards. This may be perceived negatively as processing more lower-AOV orders meant higher logistical expenses and thus lower margins per order.Source: Sea Limited Investor Relations and Author's AnalysisThe increase in GMV translated to higher Shopee Revenue, which grew faster than GMV. Shopee Revenue grew 136% to $5.1 billion in FY2021, as compared to GMV growth of 77%.Source: Sea Limited Investor Relations and Author's AnalysisThe faster growth in Revenue was due to Shopee's increasing take rate, which displays Shopee's ability to monetize its marketplace platform. This is one of the only few positive developments coming out of the most recent earnings update.Source: Sea Limited Investor Relations and Author's AnalysisDespite the improving Revenue and take rate, Shopee is still suffering huge losses and it is mounting with each subsequent quarter, primarily due to the company expanding into new markets. FY2021 Shopee AEBITDA was $(2.6) billion at a -50% margin. Recall that Garena AEBITDA was $2.7 billion.Source: Sea Limited Investor Relations and Author's AnalysisAEBITDA per Order has been improving, although it flat-lined in the last few quarters. Again, this is due to the company aggressively expanding into new markets. For example, in Q4, Shopee Brazil recorded 140+ million gross orders with a $70+ million Revenue, up 400% and 326%, respectively. However, AEBITDA per Order in Brazil is still negative at $(2) per Order, despite being a 40% improvement from last year. As such, it is still a far cry from the overall AEBITDA per Order of $(0.45).Source: Sea Limited Investor Relations and Author's AnalysisOn the bright side, in Southeast Asia and Taiwan, Q4 AEBITDA per Order before \"allocation of the headquarters’ common expenses\" was $(0.15), an improvement from last year's $(0.21). This shows that there is certainly hope for Shopee to be AEBITDA positive soon, which management has pointed out during the Q4 earnings call:We currently expect Shopee to achieve positive adjusted EBITDA before HQ cost allocation in Southeast Asia and Taiwan by this year. We also expect SeaMoney to achieve positive cash flow by next year. As a result, we currently expect that by 2025 cash generated by Shopee and SeaMoney proactively will enable these two businesses to substantially self-fund their own long-term growth.Digital Financial ServicesSeaMoney's Mobile Wallet Total Payment Volume grew 120% YoY to $17.2 billion in FY2021 due to the increasing adoption of mobile wallets in the region.Source: Sea Limited Investor Relations and Author's AnalysisThe growth in TPV was largely driven by the growth in QAUs. As shown below, the total ending QAUs in Q4 grew 90% YoY to 45.8 million users.Source: Sea Limited Investor Relations and Author's AnalysisThe real exciting part is that Revenue grew much faster than TPV and QAUs. SeaMoney Revenue is growing at a blistering pace, locking in high triple-digit growth rates over the last few years. FY2021 SeaMoney Revenue was $470 million, which is an increase of 673% from the previous year. This is due to take rates increasing from less than 1% in FY2020 to almost 4% by the end of the latest quarter.Source: Sea Limited Investor Relations and Author's AnalysisFurthermore, in Indonesia, over 20% of the QAUs have used more than one SeaMoney product or service, which includes credit services, digital banking, and insurance. As SeaMoney introduces more offerings, revenue should accelerate meaningfully as average revenue per user increases when people use additional products.As SeaMoney continues to gain scale, the segment will enjoy better unit economics. As shown below, while SeaMoney's AEBITDA is still in deeply negative territories, AEBITDA Margins has continued to trend towards profitability. Management also expects SeaMoney to be cash flow positive by next year.Source: Sea Limited Investor Relations and Author's AnalysisThis is the segment that investors should pay special attention to, given that it has the potential to be Sea's second cash cow. For example, PayPal has Operating Margins of 20%+, which could be SeaMoney's long-term margin profile.GroupWith that said, let's take a look at how the business is doing as a whole.FY2021 Revenue was $10.0 billion, an increase of 128% YoY. Due to the law of large numbers and tough YoY comps, Revenue growth should decelerate from here.Source: Sea Limited Investor Relations and Author's AnalysisHere, we can see how Revenue is distributed across the different segments.Source: Sea Limited Investor Relations and Author's AnalysisWhat's encouraging is that Gross Profit Margins continue to trend upwards as the company gains economies of scale, even accounting for Shopee's aggressive expansion into new markets. FY2021 Gross Profit was $3.9 billion, up 189% YoY.Source: Sea Limited Investor Relations and Author's AnalysisOperating Expenses, however, remain elevated as management forgoes short-term profitability for long-term market dominance. FY2021 Total Operating Expenses were $5.5 billion. Below shows the different components of Operating Expenses as a percentage of Revenue.Source: Sea Limited Investor Relations and Author's AnalysisMost of the Operating Expenses were used for Sales & Marketing purposes. Unsurprisingly, Shopee had the highest S&M burn rate. Discounts, cashback, celebrity promotions... they're everywhere.Source: Sea Limited Investor Relations and Author's AnalysisAs a result, Operating Profit Margins is still negative, although it is trending in the right direction.Source: Sea Limited Investor Relations and Author's AnalysisAEBITDA, on the other hand, is plunging. This is due to Garena's falling Bookings and Shoppe's widening losses. AEBITDA for FY2021 was $(594) million, compared to FY2020 positive AEBITDA of $107 million. This is probably the most concerning figure for investors as such a high cash burn rate is unsustainable, which may also lead to additional capital raises that are dilutive to shareholders.Source: Sea Limited Investor Relations and Author's AnalysisThe guidance did not help either. Garena Bookings is expected to fall to just $3 billion, which is $1.3 billion lower than FY2021's number. Management blamed the reopening of the economy as well as the ban of Free Fire in India for the expected drop in Bookings. Assuming a modest 50% AEBITDA margin, Garena would bring in just $1.5 billion of AEBITDA for Sea in FY2022.On the other side, the other two segments are expected to continue with their immense pace of growth — Shopee and SeaMoney are expected to grow by 76% and 155%, respectively. If we assume a (50)% AEBITDA margin for both segments, Shopee and SeaMoney is expected to burn a total of about $(5.1) billion of AEBITDA. Adding Garena's estimated AEBITDA of $1.5 billion, Sea, as a Group, is expected to burn $(3.6) billion in FY2021.Source: Sea Limited FY2021 Q4 Investor PresentationBecause Garena is such an important piece of Shopee's and SeaMoney's growth story, a deceleration in Garena's business had investors reacting so negatively to Sea's latest earnings release, as now, the gaming business is incapable of covering the massive losses incurred by the other two business segments.Balance SheetSea's balance sheet position as of year-end FY2021 is at about $10.2 billion of Cash and Short Term Investments. While this may show that Sea has a substantial cushion against its short-term cash burn rate, its net cash position paints a different picture.Source: Sea Limited FY2021 Q4 Investor PresentationAdjusting for Sea's debt, Sea ended the year with a net cash position of around $5.9 billion. A substantial amount of its total debt comes from its recent issuance of 0.25% Convertible Senior Notes due 2026. The notes were issued when the stock was trading at $318 per share back in September and the initial conversion price is set at $477 per share. So, yes... conversion in the next 2 to 3 years is very unlikely.Source: Sea Limited Investor Relations and Author's AnalysisWith net cash of $5.9 billion and $(3.6) billion of estimated AEBITDA in FY2022, it won't be long before Sea requires another cash infusion. Therefore, if the high cash burn rate persists for the next 2 to 3 years, investors face a major risk of increasing financial leverage and/or dilution in the form of equity raises.Cash Flow StatementHere is what cash flow looks like over the last few quarters. Notice how Operating Cash Flow turned negative in the last quarter. Most of the cash also comes from Financing activities.Source: Sea Limited Investor Relations and Author's AnalysisUnlike other high-flying growth companies, Sea's Share-Based Compensation expenses are relatively low.Source: Sea Limited Investor Relations and Author's AnalysisCompetitive MoatsBased on my research and analysis, I identified three key competitive moats for Sea: brand, network effects, and barriers to entry. I used to think that Sea has cost advantages but as Garena becomes a smaller part of the overall business, and as losses continue to worsen, I have reason to believe that Sea no longer holds that moat.BrandAs discussed in previous sections, Garena's games, particularly Free Fire, have consistently ranked as the most downloaded mobile game in the world. Additionally, the Shopee app has gained cross-border stardom and is now regarded as the most downloaded or fastest-trending shopping App in the countries it operates in. Lastly, SeaMoney is also gaining traction with banking licenses granted in various countries that should increase brand value and trust.Network EffectsThe sheer amount of app downloads leads to powerful network effects. Garena has 652 million QAUs, which is about 8% of the world's population. Shopee recorded 200+ million app downloads in FY2021 alone. SeaMoney QAUs topped 45.8 million in Q4 and it is still in the early stages of adoption.With all these users in the Sea platform, cross-selling new products or services should be easier as Sea continues to scale. One such example is Shopee Brazil and Free Fire where each platform is encouraging consumers to use the other. As Sea continues to innovate and offer better experiences for its customers, the ecosystem gets bigger and tighter, leading to powerful network effects.Source: Shopee BrazilBarriers To EntryI believe each of Sea's core businesses is operating in a winner-takes-most environment with high barriers to entry.The mobile gaming environment requires the most talented developers to launch blockbuster games. Garena's Free Fire is certainly a blockbuster game and time in Free Fire's game means time away from other mobile games.Just like how Amazon (AMZN) dominates in the US, the e-commerce landscape in Southeast Asia and Latin America is dominated by a few players, such as Shopee, Tokopedia, and MercadoLibre (MELI). The scale and unit economics that these players have achieved makes it unsustainable for new entrants to compete with them.Banking and fintech is also a highly-regulated environment. Furthermore, consumers prefer to have just one mobile wallet, such as ShopeePay, as opposed to owning several different fintech applications.ValuationBased on my sum-of-the-parts and comparable company valuation analysis, Sea looks to be slightly undervalued with 19% upside potential. Of course, comparables are not perfect but based on this, we can gauge where Sea stands among peers.Source: Author's AnalysisOn the flip side, Sea looks extremely cheap on a historical basis. In terms of EV/Sales, Sea is trading at the lowest valuation since its IPO, trading at just 4.2x forward sales.Source: KoyfinIn terms of EV/Gross Profit, Sea is trading even cheaper than its March 2020 lows.Source: KoyfinThe valuation compression is warranted given that the company flew too close to the sun and now it is cratering back to the sea — not just for Sea, but almost all growth stocks took a beating. Growth is also slowing down and the macroeconomic environment looks gloomier than ever. However, this is not the end of the world; I think the markets are overreacting. Diversion from the mean goes both ways — perhaps, current prices present a good margin of safety for long-term investors.CatalystsSuccessful International Expansion — Shopee has been successful in replicating its playbook from Southeast Asia to Brazil. Recently, Shopee launched operations in India, Mexico, Chile, Colombia, Argentina, Poland, and Spain. If Shopee can take substantial market share in these new regions, Shopee's growth could turn exponential.The Metaverse — Sea's withering gaming division needs to be revitalized. New games and features could definitely provide the boost that it needs. For example, the metaverse is an exciting opportunity and Garena could introduce this concept to its 600+ million QAUs. Sea AI Lab (SAIL) and Sea Capital are two ventures that could accelerate the company into emerging industries, including the metaverse.We will continue to encourage user-generated content by enhancing greater features and accessibility. We believe that a strong user reception to Craftland is a positive indicator of the initial success to encourage user participation in content creation and to build Free Fire into an increasingly open platform and is well aligned with major emerging industry trends such as metaverse.Regional SuperApp — Although this concept has yet to be discussed by management, launching a regional SuperApp could enhance user engagement to new levels. For example, imagine Shopee users being able to play games, shop, order food delivery, pay for services, transfer money, invest, all under one app. Imagine users being able to convert their deposited funds in ShopeePay, into ShopeeCoins, and use it to perform cross-border transactions.Continued Growth In SeaMoney — SeaMoney is still in its early stages and continued adoption of Sea's digital financial services offerings will be a strong addition to Sea's bull thesis. SPayLater has real potential to disrupt the consumer credit industry. SeaBank and ShopeePay have the opportunity to capture digital wallet, digital banking, and cashless society trends.Free Fire India Ban Lift— Garena's weak guidance factored in the headwinds coming from the ban in India. If the ban is lifted, the stock may react positively as much of Sea's cash burn problems may be eliminated.RisksThe Pressure to Launch Blockbuster Games— There will come a time when Free Fire will be dethroned as the most-played and most-downloaded game. That is just how the gaming business works. This puts a substantial risk on the cash flow generation potential of Garena. Launching blockbuster games is never easy and it requires many trials and errors along the way. For me, I would like to see Garena shift to a gaming franchise model where the company launches an updated version of an existing game every year or two, which presents a more stable and recurring revenue stream for the company. An example would be FIFA or Call of Duty.Shopee India Ban — With Free Fire banned in India, there's also the potential for Shoppe to be banned as well.Failure to Gain Traction in International Markets— Shopee pulled out of France in early March, an indication that Shoppe's business model is not replicable in other countries, especially in more developed regions. Shopee Poland and Spain may be next on the exit list as they hold a close resemblance to France.Geopolitical Risks— Tencent, a Chinese company, has an 18.7% equity stake in Sea. Sanctions, bans, and other restrictions on Chinese companies, given the current geopolitical environment, could spell trouble for Sea. Tencent may have to cut exposure on Sea or even dissolve its developing-publishing partnership with Garena.Local Competition— Local champions operating in their respective markets cannot be ignored. These include GoTo in Indonesia, MercadoLibre in Latin America, and Flipkart in India.In addition, there's a certain level of pride for consumers to see their native-born companies succeed. I'm Indonesian, and it makes me really happy to see GoTo grow and grow.GoTo, the holding company of both Indonesian tech darlings Gojek and Tokopedia, recently announced its plan to IPO in the Indonesia Stock Exchange. Here's a glance of GoTo's stats for the 12-months ended 30 September 2021:Valuation: $26.2 billion to $28.8 billionGMV: $28.8 billionRevenue: $1 billionGross Orders: 2 billionAnnual Transacting Users: 55 millionDriver Partners: 2.5 millionMerchants: 14 millionThe point is that there are big-time local players operating in Sea's markets that investors should never ignore. Here's a little snippet from my previous Shopee article:But with the GoTo merger, Indonesia could potentially extinguish the orange flame that charred its forest for many years. Now, GoTo could finally reclaim a good chunk of its territory that was lost to waves of competition, especially from Shopee. GoTo could finally gain more ground as the roots grew even stronger with the merger, fertilized with the synergies of value propositions, logistics, payments, and banking solutions.Meanwhile, Sea Limited's stock continues to soar, ignoring the titan of an elephant in the room. And because of GoTo's integration, Shopee's vertically-integrated business model doesn't look like a strong competitive advantage anymore.ConclusionEach of Sea's core businesses is in hypergrowth mode, propelled by megatrends in the mobile gaming, e-commerce, and fintech industry. Management understands these opportunities and therefore, is sacrificing short-term profitability for long-term market dominance. Despite being a larger business, Sea still has a massive growth runway ahead.That is not to say that unprofitability and competition risks can and should be ignored. The biggest concern for investors is the company's unsustainable cash burn rate, which will likely lead to further capital raises in the near future.Nonetheless, the long-term growth thesis for the three-headed monster remains intact. Strong brand, network effects, and barriers to entry moats should support the business going forward. In addition, shares of Sea are trading at the lowest valuation multiples ever, which presents a good margin of safety for an entry at these prices.Thank you for reading my Sea Limited deep dive. If you enjoyed the article, please let me know in the comment section down below. If you have any suggestions or feedback, don't hesitate to share your thoughts as well.","news_type":1},"isVote":1,"tweetType":1,"viewCount":121,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9080313724,"gmtCreate":1649844959515,"gmtModify":1676534588443,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PHUN\">$Phunware, Inc.(PHUN)$</a>Up up up&nbsp;","listText":"<a href=\"https://ttm.financial/S/PHUN\">$Phunware, Inc.(PHUN)$</a>Up up up&nbsp;","text":"$Phunware, Inc.(PHUN)$Up up up","images":[{"img":"https://community-static.tradeup.com/news/6048d891a210d7fdbe4d10a5b1b36234","width":"1242","height":"1968"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080313724","isVote":1,"tweetType":1,"viewCount":99,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9953259576,"gmtCreate":1673272521195,"gmtModify":1676538809260,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9953259576","repostId":"1182490035","repostType":4,"repost":{"id":"1182490035","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1673270355,"share":"https://ttm.financial/m/news/1182490035?lang=&edition=fundamental","pubTime":"2023-01-09 21:19","market":"fut","language":"en","title":"Pre-Bell｜U.S. Stock Futures Rise on China Reopening Optimism; Lululemon Fell More Than 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=1182490035","media":"Tiger Newspress","summary":"U.S. stock index futures edged higher on Monday on optimism around China reopening its borders, whil","content":"<html><head></head><body><p>U.S. stock index futures edged higher on Monday on optimism around China reopening its borders, while signs of cooling in the labor market boosted bets of a slower pace of rate hikes by the U.S. Federal Reserve.</p><h2><b>Market Snapshot</b></h2><p>At 8:17 a.m. ET, Dow e-minis were up 80 points, or 0.24%, S&amp;P 500 e-minis were up 13 points, or 0.33%, and Nasdaq 100 e-minis were up 45.75 points, or 0.41%.</p><p><img src=\"https://static.tigerbbs.com/c139239534296bb3b6f181af65e1e296\" tg-width=\"367\" tg-height=\"196\" width=\"100%\" height=\"auto\"/></p><h2><b>Pre-Market Movers</b></h2><p>Lululemon— Shares of the Canadian apparel company fell more than 10% after Lululemon lowered its gross margin guidance for the first quarter. The “athleisure” chain raised its net revenue guidance for the fourth quarter and now expects growth of 25% or more, year over year.</p><p>Visa,Mastercard— Shares of the payments companies gained 1.1% and 1.7% respectively, after Keybanc upgraded their ratings from sector weight.</p><p>Duck Creek— The provider of intelligence solutions for the insurance industry will be taken private by Vista for $19 a share in cash, CNBC’s David Faber reported. The deal should be announced shortly, he said. Shares surged 39%.</p><p>Zillow— Shares of the real estate marketplace company gained 4% after Bank of America double upgraded the stock to buy, citing its improved growth outlook despite a challenging macroeconomic environment.</p><p>Hologic— The women’s diagnostics provider reported fiscal first quarter revenue Sunday that topped its most recent guidance and Wall Street analyst estimates. Shares gained 2.8% premarket.</p><p>Energy stocks — Risingoil pricessent several energy stocks higher premarket.Marathon Oil,Halliburton,EOG ResourcesandHessall rallied more than 2%.</p><p>Bed, Bath &amp; Beyond— Shares of the beleaguered retailer jumped more than 17% premarket. Bed, Bath &amp; Beyond last week warned of its ability to continue as a going concern, sending shares plummeting.</p><p>Oracle— Shares of the software maker rose more than 1% in premarket trading following an upgrade to overweight from neutral by Piper Sandler. The investment bank said in a note that Oracle’s cloud business could see annual growth above 20% in the next few years.</p><p>Uber— Shares gained 2.8% after the rideshare platform wasupgraded to overweightfrom neutral by Piper Sandler. The bank said increased car prices will push consumers to Uber and other rideshare platforms.</p><p>Nvidia— The stock gained 1.6% premarket after being named a top pick by Wells Fargo analysts, who said they see a positive data center product-cycle materializing through 2023.</p><p>Tesla– Shares of Tesla rose 3.7% premarket Monday after Elon Musk attorneys on Saturdayasked a California courtto move a trial over the company stock to Texas, citing local negativity.</p><p>Ferrari— Shares rallied more than 2% premarket after being named a top pick for 2023 by Bank of America. Analysts noted the automaker’s balanced strategy, resilient financial performance and conservative 2023 outlook.</p><h2><b>Market News</b></h2><p><b>Lululemon Falls 11% After Setting Holiday Guidance Below Expectations</b></p><p>Lululemon Athletica (NASDAQ:LULU) updated guidance ahead of the athletic apparel company&#39;s appearance at the ICR Conference in Orlando on Monday.Lululemon (LULU) expects to report Q4 revenue will be in the range of $2.660Bto $2.700B vs. prior guidance for $2.605B to $2.655B and $2.67B consensus.EPS is now expected to be in the range of $4.22 to $4.27 for Q4 vs. previous guidance range of $4.20 to $4.30 and the consensus mark of $4.30.</p><p><b>AstraZeneca Agrees to Buy U.S.-Based CinCor in Deal Valued at $1.3 Billion</b></p><p>AstraZeneca PLC said Monday that it has agreed to buy <a href=\"https://laohu8.com/S/CINC\">CinCor Pharma, Inc.</a>, acquiring global rights to the latter&#39;s baxdrostat cardiorenal drug for an upfront transaction value of around $1.3 billion.</p><p>The Anglo-Swedish pharma giant said that it will initiate a tender offer to acquire all of U.S.-listed clinical-stage biopharmaceutical company CinCor&#39;s (CINC) outstanding shares, for a price of $26 a share in cash at the closing of the deal, along with a non-tradable contingent value right of $10 a share in cash payable upon a specified regulatory submission of a baxdrostat product. The deal is expected to close in the first quarter.</p><p><b>Goldman to Cut About 3,200 Jobs This Week After Cost Review</b></p><p>Goldman Sachs Group Inc. is embarking on one of its biggest round of job cuts ever as it locks in on a plan to eliminate about 3,200 positions this week, with the bank’s leadership going deeper than rivals to shed jobs.</p><p>The firm is expected to start the process mid-week and the total number of people affected will not exceed 3,200, according to a person with knowledge of the matter. More than a third of those will likely be from within its core trading and banking units, indicating the broad nature of the cuts. The firm is also poised to unveil financials tied to a new unit that houses its credit card and installment-lending business, which will record more than $2 billion in pretax losses, the people said, asking not to be identified discussing private information.</p><p><b>Ant Group Says No Plan for IPO, Focusing on Business Optimisation</b></p><p>China&#39;s fintech giant Ant Group has no plan to initiate an initial public offering (IPO), it said on Sunday in an emailed statement to Reuters.</p><p>&#34;Ant Group has been focusing on its business rectification and optimisation, and does not have a plan for an IPO,&#34; the company spokesperson said.</p><p>Ant Group said on Saturday that its founder Jack Ma no longer controls the company after a series of shareholding adjustments that saw him give up most of his voting rights.</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>Pre-Bell｜U.S. Stock Futures Rise on China Reopening Optimism; Lululemon Fell More Than 10%</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; 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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\">\nPre-Bell｜U.S. Stock Futures Rise on China Reopening Optimism; Lululemon Fell More Than 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-01-09 21:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock index futures edged higher on Monday on optimism around China reopening its borders, while signs of cooling in the labor market boosted bets of a slower pace of rate hikes by the U.S. Federal Reserve.</p><h2><b>Market Snapshot</b></h2><p>At 8:17 a.m. ET, Dow e-minis were up 80 points, or 0.24%, S&amp;P 500 e-minis were up 13 points, or 0.33%, and Nasdaq 100 e-minis were up 45.75 points, or 0.41%.</p><p><img src=\"https://static.tigerbbs.com/c139239534296bb3b6f181af65e1e296\" tg-width=\"367\" tg-height=\"196\" width=\"100%\" height=\"auto\"/></p><h2><b>Pre-Market Movers</b></h2><p>Lululemon— Shares of the Canadian apparel company fell more than 10% after Lululemon lowered its gross margin guidance for the first quarter. The “athleisure” chain raised its net revenue guidance for the fourth quarter and now expects growth of 25% or more, year over year.</p><p>Visa,Mastercard— Shares of the payments companies gained 1.1% and 1.7% respectively, after Keybanc upgraded their ratings from sector weight.</p><p>Duck Creek— The provider of intelligence solutions for the insurance industry will be taken private by Vista for $19 a share in cash, CNBC’s David Faber reported. The deal should be announced shortly, he said. Shares surged 39%.</p><p>Zillow— Shares of the real estate marketplace company gained 4% after Bank of America double upgraded the stock to buy, citing its improved growth outlook despite a challenging macroeconomic environment.</p><p>Hologic— The women’s diagnostics provider reported fiscal first quarter revenue Sunday that topped its most recent guidance and Wall Street analyst estimates. Shares gained 2.8% premarket.</p><p>Energy stocks — Risingoil pricessent several energy stocks higher premarket.Marathon Oil,Halliburton,EOG ResourcesandHessall rallied more than 2%.</p><p>Bed, Bath &amp; Beyond— Shares of the beleaguered retailer jumped more than 17% premarket. Bed, Bath &amp; Beyond last week warned of its ability to continue as a going concern, sending shares plummeting.</p><p>Oracle— Shares of the software maker rose more than 1% in premarket trading following an upgrade to overweight from neutral by Piper Sandler. The investment bank said in a note that Oracle’s cloud business could see annual growth above 20% in the next few years.</p><p>Uber— Shares gained 2.8% after the rideshare platform wasupgraded to overweightfrom neutral by Piper Sandler. The bank said increased car prices will push consumers to Uber and other rideshare platforms.</p><p>Nvidia— The stock gained 1.6% premarket after being named a top pick by Wells Fargo analysts, who said they see a positive data center product-cycle materializing through 2023.</p><p>Tesla– Shares of Tesla rose 3.7% premarket Monday after Elon Musk attorneys on Saturdayasked a California courtto move a trial over the company stock to Texas, citing local negativity.</p><p>Ferrari— Shares rallied more than 2% premarket after being named a top pick for 2023 by Bank of America. Analysts noted the automaker’s balanced strategy, resilient financial performance and conservative 2023 outlook.</p><h2><b>Market News</b></h2><p><b>Lululemon Falls 11% After Setting Holiday Guidance Below Expectations</b></p><p>Lululemon Athletica (NASDAQ:LULU) updated guidance ahead of the athletic apparel company&#39;s appearance at the ICR Conference in Orlando on Monday.Lululemon (LULU) expects to report Q4 revenue will be in the range of $2.660Bto $2.700B vs. prior guidance for $2.605B to $2.655B and $2.67B consensus.EPS is now expected to be in the range of $4.22 to $4.27 for Q4 vs. previous guidance range of $4.20 to $4.30 and the consensus mark of $4.30.</p><p><b>AstraZeneca Agrees to Buy U.S.-Based CinCor in Deal Valued at $1.3 Billion</b></p><p>AstraZeneca PLC said Monday that it has agreed to buy <a href=\"https://laohu8.com/S/CINC\">CinCor Pharma, Inc.</a>, acquiring global rights to the latter&#39;s baxdrostat cardiorenal drug for an upfront transaction value of around $1.3 billion.</p><p>The Anglo-Swedish pharma giant said that it will initiate a tender offer to acquire all of U.S.-listed clinical-stage biopharmaceutical company CinCor&#39;s (CINC) outstanding shares, for a price of $26 a share in cash at the closing of the deal, along with a non-tradable contingent value right of $10 a share in cash payable upon a specified regulatory submission of a baxdrostat product. The deal is expected to close in the first quarter.</p><p><b>Goldman to Cut About 3,200 Jobs This Week After Cost Review</b></p><p>Goldman Sachs Group Inc. is embarking on one of its biggest round of job cuts ever as it locks in on a plan to eliminate about 3,200 positions this week, with the bank’s leadership going deeper than rivals to shed jobs.</p><p>The firm is expected to start the process mid-week and the total number of people affected will not exceed 3,200, according to a person with knowledge of the matter. More than a third of those will likely be from within its core trading and banking units, indicating the broad nature of the cuts. The firm is also poised to unveil financials tied to a new unit that houses its credit card and installment-lending business, which will record more than $2 billion in pretax losses, the people said, asking not to be identified discussing private information.</p><p><b>Ant Group Says No Plan for IPO, Focusing on Business Optimisation</b></p><p>China&#39;s fintech giant Ant Group has no plan to initiate an initial public offering (IPO), it said on Sunday in an emailed statement to Reuters.</p><p>&#34;Ant Group has been focusing on its business rectification and optimisation, and does not have a plan for an IPO,&#34; the company spokesperson said.</p><p>Ant Group said on Saturday that its founder Jack Ma no longer controls the company after a series of shareholding adjustments that saw him give up most of his voting rights.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182490035","content_text":"U.S. stock index futures edged higher on Monday on optimism around China reopening its borders, while signs of cooling in the labor market boosted bets of a slower pace of rate hikes by the U.S. Federal Reserve.Market SnapshotAt 8:17 a.m. ET, Dow e-minis were up 80 points, or 0.24%, S&P 500 e-minis were up 13 points, or 0.33%, and Nasdaq 100 e-minis were up 45.75 points, or 0.41%.Pre-Market MoversLululemon— Shares of the Canadian apparel company fell more than 10% after Lululemon lowered its gross margin guidance for the first quarter. The “athleisure” chain raised its net revenue guidance for the fourth quarter and now expects growth of 25% or more, year over year.Visa,Mastercard— Shares of the payments companies gained 1.1% and 1.7% respectively, after Keybanc upgraded their ratings from sector weight.Duck Creek— The provider of intelligence solutions for the insurance industry will be taken private by Vista for $19 a share in cash, CNBC’s David Faber reported. The deal should be announced shortly, he said. Shares surged 39%.Zillow— Shares of the real estate marketplace company gained 4% after Bank of America double upgraded the stock to buy, citing its improved growth outlook despite a challenging macroeconomic environment.Hologic— The women’s diagnostics provider reported fiscal first quarter revenue Sunday that topped its most recent guidance and Wall Street analyst estimates. Shares gained 2.8% premarket.Energy stocks — Risingoil pricessent several energy stocks higher premarket.Marathon Oil,Halliburton,EOG ResourcesandHessall rallied more than 2%.Bed, Bath & Beyond— Shares of the beleaguered retailer jumped more than 17% premarket. Bed, Bath & Beyond last week warned of its ability to continue as a going concern, sending shares plummeting.Oracle— Shares of the software maker rose more than 1% in premarket trading following an upgrade to overweight from neutral by Piper Sandler. The investment bank said in a note that Oracle’s cloud business could see annual growth above 20% in the next few years.Uber— Shares gained 2.8% after the rideshare platform wasupgraded to overweightfrom neutral by Piper Sandler. The bank said increased car prices will push consumers to Uber and other rideshare platforms.Nvidia— The stock gained 1.6% premarket after being named a top pick by Wells Fargo analysts, who said they see a positive data center product-cycle materializing through 2023.Tesla– Shares of Tesla rose 3.7% premarket Monday after Elon Musk attorneys on Saturdayasked a California courtto move a trial over the company stock to Texas, citing local negativity.Ferrari— Shares rallied more than 2% premarket after being named a top pick for 2023 by Bank of America. Analysts noted the automaker’s balanced strategy, resilient financial performance and conservative 2023 outlook.Market NewsLululemon Falls 11% After Setting Holiday Guidance Below ExpectationsLululemon Athletica (NASDAQ:LULU) updated guidance ahead of the athletic apparel company's appearance at the ICR Conference in Orlando on Monday.Lululemon (LULU) expects to report Q4 revenue will be in the range of $2.660Bto $2.700B vs. prior guidance for $2.605B to $2.655B and $2.67B consensus.EPS is now expected to be in the range of $4.22 to $4.27 for Q4 vs. previous guidance range of $4.20 to $4.30 and the consensus mark of $4.30.AstraZeneca Agrees to Buy U.S.-Based CinCor in Deal Valued at $1.3 BillionAstraZeneca PLC said Monday that it has agreed to buy CinCor Pharma, Inc., acquiring global rights to the latter's baxdrostat cardiorenal drug for an upfront transaction value of around $1.3 billion.The Anglo-Swedish pharma giant said that it will initiate a tender offer to acquire all of U.S.-listed clinical-stage biopharmaceutical company CinCor's (CINC) outstanding shares, for a price of $26 a share in cash at the closing of the deal, along with a non-tradable contingent value right of $10 a share in cash payable upon a specified regulatory submission of a baxdrostat product. The deal is expected to close in the first quarter.Goldman to Cut About 3,200 Jobs This Week After Cost ReviewGoldman Sachs Group Inc. is embarking on one of its biggest round of job cuts ever as it locks in on a plan to eliminate about 3,200 positions this week, with the bank’s leadership going deeper than rivals to shed jobs.The firm is expected to start the process mid-week and the total number of people affected will not exceed 3,200, according to a person with knowledge of the matter. More than a third of those will likely be from within its core trading and banking units, indicating the broad nature of the cuts. The firm is also poised to unveil financials tied to a new unit that houses its credit card and installment-lending business, which will record more than $2 billion in pretax losses, the people said, asking not to be identified discussing private information.Ant Group Says No Plan for IPO, Focusing on Business OptimisationChina's fintech giant Ant Group has no plan to initiate an initial public offering (IPO), it said on Sunday in an emailed statement to Reuters.\"Ant Group has been focusing on its business rectification and optimisation, and does not have a plan for an IPO,\" the company spokesperson said.Ant Group said on Saturday that its founder Jack Ma no longer controls the company after a series of shareholding adjustments that saw him give up most of his voting rights.","news_type":1},"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988588993,"gmtCreate":1666787828812,"gmtModify":1676537806159,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"👌&nbsp;","listText":"👌&nbsp;","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9988588993","repostId":"1185262680","repostType":4,"isVote":1,"tweetType":1,"viewCount":53,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9996625816,"gmtCreate":1661165868438,"gmtModify":1676536465057,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ALLK\">$Allakos Inc.(ALLK)$</a>Up","listText":"<a href=\"https://ttm.financial/S/ALLK\">$Allakos Inc.(ALLK)$</a>Up","text":"$Allakos Inc.(ALLK)$Up","images":[{"img":"https://community-static.tradeup.com/news/24abb93bd2b3d78cbe5a959dc2f59f5b","width":"1242","height":"3588"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/9996625816","isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9040605200,"gmtCreate":1655650810400,"gmtModify":1676535677967,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PHUN\">$Phunware, Inc.(PHUN)$</a>😱&nbsp;","listText":"<a href=\"https://ttm.financial/S/PHUN\">$Phunware, Inc.(PHUN)$</a>😱&nbsp;","text":"$Phunware, Inc.(PHUN)$😱","images":[{"img":"https://community-static.tradeup.com/news/a3296391af4b44bbcb1dc077e013fc7a","width":"1242","height":"1968"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040605200","isVote":1,"tweetType":1,"viewCount":314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9926754270,"gmtCreate":1671637938991,"gmtModify":1676538568275,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9926754270","repostId":"2293531190","repostType":4,"repost":{"id":"2293531190","kind":"highlight","pubTimestamp":1671627918,"share":"https://ttm.financial/m/news/2293531190?lang=&edition=fundamental","pubTime":"2022-12-21 21:05","market":"us","language":"en","title":"Why Investors Should Avoid Tesla Stock In 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=2293531190","media":"Motley Fool","summary":"After falling 50%, the stock is still much too expensive even if you are optimistic about the company's future growth.","content":"<html><head></head><body><h2>KEY POINTS</h2><ul><li>Tesla is one of the worst-performing stocks of 2022.</li><li>The company is going to face margin pressure from multiple angles in 2023 and beyond.</li><li>The stock is still much more expensive than its automotive peers.</li></ul><p><b>Tesla</b> is one of the worst-performing stocks of 2022. After an unrelenting rise over the past decade to a trillion-dollar market cap, the stock is down 55% this year and now sports a market cap of less than $500 billion. The current bear market, antics from CEO Elon Musk, and worries about a global recession have likely contributed to this decline.</p><p>If you&#39;re reading this, your instinct might be to &#34;buy the dip&#34; on Tesla shares. But that instinct could be a mistake given the stock&#39;s current valuation. Here&#39;s why investors should avoid buying Tesla in 2023.</p><h2>Tesla&#39;s strong historical growth</h2><p>Nobody can deny that Tesla has put up some fantastic growth numbers in the past few years. In 2020, the company went from generating consistent net losses to solid annual profits. Over the last 12 months, the business has generated a net income of $11.2 billion. This happened because the automotive manufacturer rapidly scaled up its production and deliveries, leading to operating leverage over its fixed cost base. For reference, in the third quarter of this year, Tesla delivered 344,000 cars to customers, which is up 250% from the 97,000 deliveries it made in Q3 2019.</p><p>With a huge opportunity to tackle the global transition to electric vehicles (EVs), many Tesla investors think this delivery and profit growth will continue over the next few years. But I think there are multiple reasons why things may materialize differently for the EV leader.</p><h2>Problems: Commodity costs, competition, management</h2><p>On top of scaling up its manufacturing, Tesla has benefited from low commodity costs for its key supplies and pricing power for its vehicles, which both led to higher margins. The problem is, these benefits are now reversing. In China -- one of Tesla&#39;s largest markets -- the company recently lowered prices on some of its vehicles by 10%. With dozens of competitors planning to invest hundreds of billions of dollars into the EV market this decade, pricing pressure is highly likely to continue. That will hurt Tesla&#39;s profit margins in the future if it is forced to lower its selling prices.</p><p>On supplies, Tesla is going to face cost pressures from rising commodity prices. Metals like lithium and cobalt have gone up in price over the last year, an issue that will likely only get worse as so many companies start to invest in EV battery production. Commodity price increases haven&#39;t shown up on Tesla&#39;s financial statements yet, but should over the next few years as it signs new agreements with suppliers.</p><p>If margins deteriorate, this could quickly erode Tesla&#39;s net income growth, even if its overall revenue continues to march higher. For example, let&#39;s say that Tesla is able to generate $100 billion in revenue next year, which would be 33% higher than its trailing 12-month numbers. At its current net margin of 15%, that would equate to $15 billion in net income. But if margins were to decline to 8% due to lower selling prices and high commodity inputs, the company&#39;s net income will <i>decline</i> to $8 billion next year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0675ae409f24e956fe81fdcad4eab87d\" tg-width=\"720\" tg-height=\"449\" width=\"100%\" height=\"auto\"/><span>TSLA Net Income (TTM) data by YCharts</span></p><p>There are also issues concerning Tesla&#39;s eccentric CEO Elon Musk, who just purchased Twitter in a $44 billion acquisition. We don&#39;t need to go through all the details of that deal here, but suffice it to say Musk may not have his energy focused on Tesla at the moment. I don&#39;t believe it&#39;s a good thing for a fast-moving company to have its leader working on turning around another business.</p><h2>The valuation is not attractive</h2><p>There are many looming issues at Tesla that should keep investors nervous, but the key reason to avoid the stock is its expensive valuation, especially compared to its automotive peers. At its current price, the stock has a trailing price-to-earnings ratio (P/E) hovering just below 50. Given the fierce competition in the automotive market, huge capital needs, and volatile commodity prices, automotive companies are trading at P/Es of around 10. For reference, the global automotive leader <b>Toyota</b> currently trades at a P/E just below 10.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/defdc85361716224098b385f24fff429\" tg-width=\"720\" tg-height=\"449\" width=\"100%\" height=\"auto\"/><span>TSLA PE Ratio data by YCharts</span></p><p>This means that if you are buying shares of Tesla today, a 5x increase in earnings is <i>already likely priced into the stock</i>. And remember, this is with the potential for margin deterioration over the next few years due to the reasons outlined in the above section.</p><p>It isn&#39;t guaranteed that Tesla won&#39;t outperform these expectations, but I think there are less risky bets for investors to make today, especially in the current bear market. Avoiding shares of Tesla and putting your money in safer investments looks like the smart thing to do in 2023.</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 Investors Should Avoid Tesla Stock In 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\">\nWhy Investors Should Avoid Tesla Stock In 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-21 21:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/12/21/why-investors-should-avoid-tesla-stock-in-2023/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSTesla is one of the worst-performing stocks of 2022.The company is going to face margin pressure from multiple angles in 2023 and beyond.The stock is still much more expensive than its ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/12/21/why-investors-should-avoid-tesla-stock-in-2023/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4211":"区域性银行"},"source_url":"https://www.fool.com/investing/2022/12/21/why-investors-should-avoid-tesla-stock-in-2023/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2293531190","content_text":"KEY POINTSTesla is one of the worst-performing stocks of 2022.The company is going to face margin pressure from multiple angles in 2023 and beyond.The stock is still much more expensive than its automotive peers.Tesla is one of the worst-performing stocks of 2022. After an unrelenting rise over the past decade to a trillion-dollar market cap, the stock is down 55% this year and now sports a market cap of less than $500 billion. The current bear market, antics from CEO Elon Musk, and worries about a global recession have likely contributed to this decline.If you're reading this, your instinct might be to \"buy the dip\" on Tesla shares. But that instinct could be a mistake given the stock's current valuation. Here's why investors should avoid buying Tesla in 2023.Tesla's strong historical growthNobody can deny that Tesla has put up some fantastic growth numbers in the past few years. In 2020, the company went from generating consistent net losses to solid annual profits. Over the last 12 months, the business has generated a net income of $11.2 billion. This happened because the automotive manufacturer rapidly scaled up its production and deliveries, leading to operating leverage over its fixed cost base. For reference, in the third quarter of this year, Tesla delivered 344,000 cars to customers, which is up 250% from the 97,000 deliveries it made in Q3 2019.With a huge opportunity to tackle the global transition to electric vehicles (EVs), many Tesla investors think this delivery and profit growth will continue over the next few years. But I think there are multiple reasons why things may materialize differently for the EV leader.Problems: Commodity costs, competition, managementOn top of scaling up its manufacturing, Tesla has benefited from low commodity costs for its key supplies and pricing power for its vehicles, which both led to higher margins. The problem is, these benefits are now reversing. In China -- one of Tesla's largest markets -- the company recently lowered prices on some of its vehicles by 10%. With dozens of competitors planning to invest hundreds of billions of dollars into the EV market this decade, pricing pressure is highly likely to continue. That will hurt Tesla's profit margins in the future if it is forced to lower its selling prices.On supplies, Tesla is going to face cost pressures from rising commodity prices. Metals like lithium and cobalt have gone up in price over the last year, an issue that will likely only get worse as so many companies start to invest in EV battery production. Commodity price increases haven't shown up on Tesla's financial statements yet, but should over the next few years as it signs new agreements with suppliers.If margins deteriorate, this could quickly erode Tesla's net income growth, even if its overall revenue continues to march higher. For example, let's say that Tesla is able to generate $100 billion in revenue next year, which would be 33% higher than its trailing 12-month numbers. At its current net margin of 15%, that would equate to $15 billion in net income. But if margins were to decline to 8% due to lower selling prices and high commodity inputs, the company's net income will decline to $8 billion next year.TSLA Net Income (TTM) data by YChartsThere are also issues concerning Tesla's eccentric CEO Elon Musk, who just purchased Twitter in a $44 billion acquisition. We don't need to go through all the details of that deal here, but suffice it to say Musk may not have his energy focused on Tesla at the moment. I don't believe it's a good thing for a fast-moving company to have its leader working on turning around another business.The valuation is not attractiveThere are many looming issues at Tesla that should keep investors nervous, but the key reason to avoid the stock is its expensive valuation, especially compared to its automotive peers. At its current price, the stock has a trailing price-to-earnings ratio (P/E) hovering just below 50. Given the fierce competition in the automotive market, huge capital needs, and volatile commodity prices, automotive companies are trading at P/Es of around 10. For reference, the global automotive leader Toyota currently trades at a P/E just below 10.TSLA PE Ratio data by YChartsThis means that if you are buying shares of Tesla today, a 5x increase in earnings is already likely priced into the stock. And remember, this is with the potential for margin deterioration over the next few years due to the reasons outlined in the above section.It isn't guaranteed that Tesla won't outperform these expectations, but I think there are less risky bets for investors to make today, especially in the current bear market. Avoiding shares of Tesla and putting your money in safer investments looks like the smart thing to do in 2023.","news_type":1},"isVote":1,"tweetType":1,"viewCount":89,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9011468268,"gmtCreate":1648909493992,"gmtModify":1676534420837,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"👌&nbsp;","listText":"👌&nbsp;","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011468268","repostId":"1196624996","repostType":4,"repost":{"id":"1196624996","kind":"news","pubTimestamp":1648883340,"share":"https://ttm.financial/m/news/1196624996?lang=&edition=fundamental","pubTime":"2022-04-02 15:09","market":"us","language":"en","title":"Toyota, GM Report Slowing U.S. Auto Sales","url":"https://stock-news.laohu8.com/highlight/detail?id=1196624996","media":"The Wall Street Journal","summary":"Major auto makers reported a pullback in U.S. sales for the first quarter of 2022, as a shortage of ","content":"<html><head></head><body><p>Major auto makers reported a pullback in U.S. sales for the first quarter of 2022, as a shortage of vehicles on dealership lots continued to hamper business and suppress buying activity ahead of what is typically a busy selling season.</p><p>Analysts are forecasting first-quarter sales for the industry could drop as much as 16% over the prior-year period, when car-lot stock was more plentiful and buyers, benefiting from a recovering economy, snatched up vehicles at a blistering pace.</p><p>Auto executives and dealers say underlying demand remains strong with most new cars and trucks sold almost as soon as they hit the lot. But supply-chain disruptions continue to weigh on factory production, limiting how fast car companies can restock dealerships and fulfill vehicle orders.</p><p>Toyota Motor Corp. held on to its U.S. sales lead over General Motors Co. in the first quarter, although both global auto-making giants reported double-digit declines in their sales results over the prior-year period.</p><p>Toyota’s U.S. sales slid nearly 15% in the just-ended quarter, while GM was down roughly 20%.</p><p>Among the other Asian car companies, Nissan Motor Co. reported a nearly 30% drop in U.S. sales for the January-to-March period. Hyundai Motor Co. said its U.S. sales were off 4% over the prior-year quarter. Honda Motor Co.’s first-quarter U.S. sales were down 23%.</p><p>Stellantis NV, the global car company that owns Jeep, Ram and other U.S. auto brands, also reported a 14% decline in U.S. sales for the quarter.</p><p>“Make no mistake, this market is stuck in low gear,” said Charlie Chesbrough, a senior economist for auto industry research firm Cox Automotive.</p><p>The global auto industry is also confronting new challenges this year with the Ukraine conflict and another wave of Covid-related factory restrictions in China threatening to worsen parts shortages for vehicle assembly lines, analysts say.</p><p>The industry’s annualized selling pace—a measure of the car market’s strength stripping out seasonal factors—is expected to slow to 12.7 million in the first quarter, according to J.D. Power. In comparison, auto makers last year sold just shy of 15 million vehicles in the U.S., the firm said, up slightly from 2020. For five straight years before the pandemic, the industry had eclipsed the mark of 17 million vehicles.</p><p>Ford Motor Co. has said it would release its sales figures Monday, while electric-car maker Tesla Inc. is expected to report its global delivery figures in the coming days.</p><p>March is typically a busy time for the auto industry, with car companies and dealerships stepping up sales promotions to entice buyers as the weather improves in many parts of the country. Last year, the industry had a blowout spring, with the selling pace approaching prepandemic levels.</p><p>Since then, obstacles have continued to mount for the car sector. A shortage of semiconductors—critical to assembly of most new vehicles today—has curtailed factory production, resulting in historically low levels of inventory on selling lots.</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>Toyota, GM Report Slowing U.S. Auto Sales</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\">\nToyota, GM Report Slowing U.S. Auto Sales\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-02 15:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/car-sales-seen-sputtering-as-supply-chain-woes-hurt-production-11648805401?mod=business_lead_pos3><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Major auto makers reported a pullback in U.S. sales for the first quarter of 2022, as a shortage of vehicles on dealership lots continued to hamper business and suppress buying activity ahead of what ...</p>\n\n<a href=\"https://www.wsj.com/articles/car-sales-seen-sputtering-as-supply-chain-woes-hurt-production-11648805401?mod=business_lead_pos3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车","TM":"丰田汽车"},"source_url":"https://www.wsj.com/articles/car-sales-seen-sputtering-as-supply-chain-woes-hurt-production-11648805401?mod=business_lead_pos3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196624996","content_text":"Major auto makers reported a pullback in U.S. sales for the first quarter of 2022, as a shortage of vehicles on dealership lots continued to hamper business and suppress buying activity ahead of what is typically a busy selling season.Analysts are forecasting first-quarter sales for the industry could drop as much as 16% over the prior-year period, when car-lot stock was more plentiful and buyers, benefiting from a recovering economy, snatched up vehicles at a blistering pace.Auto executives and dealers say underlying demand remains strong with most new cars and trucks sold almost as soon as they hit the lot. But supply-chain disruptions continue to weigh on factory production, limiting how fast car companies can restock dealerships and fulfill vehicle orders.Toyota Motor Corp. held on to its U.S. sales lead over General Motors Co. in the first quarter, although both global auto-making giants reported double-digit declines in their sales results over the prior-year period.Toyota’s U.S. sales slid nearly 15% in the just-ended quarter, while GM was down roughly 20%.Among the other Asian car companies, Nissan Motor Co. reported a nearly 30% drop in U.S. sales for the January-to-March period. Hyundai Motor Co. said its U.S. sales were off 4% over the prior-year quarter. Honda Motor Co.’s first-quarter U.S. sales were down 23%.Stellantis NV, the global car company that owns Jeep, Ram and other U.S. auto brands, also reported a 14% decline in U.S. sales for the quarter.“Make no mistake, this market is stuck in low gear,” said Charlie Chesbrough, a senior economist for auto industry research firm Cox Automotive.The global auto industry is also confronting new challenges this year with the Ukraine conflict and another wave of Covid-related factory restrictions in China threatening to worsen parts shortages for vehicle assembly lines, analysts say.The industry’s annualized selling pace—a measure of the car market’s strength stripping out seasonal factors—is expected to slow to 12.7 million in the first quarter, according to J.D. Power. In comparison, auto makers last year sold just shy of 15 million vehicles in the U.S., the firm said, up slightly from 2020. For five straight years before the pandemic, the industry had eclipsed the mark of 17 million vehicles.Ford Motor Co. has said it would release its sales figures Monday, while electric-car maker Tesla Inc. is expected to report its global delivery figures in the coming days.March is typically a busy time for the auto industry, with car companies and dealerships stepping up sales promotions to entice buyers as the weather improves in many parts of the country. Last year, the industry had a blowout spring, with the selling pace approaching prepandemic levels.Since then, obstacles have continued to mount for the car sector. A shortage of semiconductors—critical to assembly of most new vehicles today—has curtailed factory production, resulting in historically low levels of inventory on selling lots.","news_type":1},"isVote":1,"tweetType":1,"viewCount":26,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9953798303,"gmtCreate":1673321739502,"gmtModify":1676538817915,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9953798303","repostId":"2302082351","repostType":4,"repost":{"id":"2302082351","kind":"highlight","pubTimestamp":1673314544,"share":"https://ttm.financial/m/news/2302082351?lang=&edition=fundamental","pubTime":"2023-01-10 09:35","market":"us","language":"en","title":"SPY: Is December CPI Optimism Setting A Sneaky Bull Trap?","url":"https://stock-news.laohu8.com/highlight/detail?id=2302082351","media":"Seeking Alpha","summary":"SummaryEveryone seems to be taking a good CPI report this week as a given, but history suggests infl","content":"<html><head></head><body><h2>Summary</h2><ul><li>Everyone seems to be taking a good CPI report this week as a given, but history suggests inflation tends to stick around for a while!</li><li>The weakening dollar, falling yields, January pay increases, and fiscal cost-of-living adjustments will all push inflation up in the near term.</li><li>My best guess is that inflation has another 12 months before monthly price rises are fully consistent with the Fed&#39;s 2% annual core inflation target.</li><li>Even if CPI comes in soft, bears like Morgan Stanley&#39;s Michael Wilson have suggested that a weaker CPI will be accompanied by weaker earnings and weaker profit margins than expected.</li><li>December CPI will be released on Thursday, January 12th at 8:30 AM Eastern Time.</li></ul><p>Markets cheered the nonfarm payrolls report on Friday, with the broad S&amp;P 500 index (NYSEARCA:SPY) rising over 2% on the day, with a big follow through on Monday as of my writing this. It seems to me like another case of algorithms gone wild, as the move was preceded by a selloff the day before on the ADP payrolls number. These are small data points, but at stake are the larger questions of where the Fed is likely to take interest rates–and whether the U.S. economy will pull off a soft landing or descend into recession after the pandemic&#39;s money-printing binge. The marketis pricing in several rate cuts over the next 12-18 months, while the Fed has indicated they want to hike rates more. With the S&amp;P 500 trading on the high end of its historical range at about 17.5x 2023 consensus earnings estimates of $225, the market needs to hit a parlay here. Highly valued stocks need a Fed pivot, and they need the pivot to come without an underlying collapse in earnings (i.e. a recession). This assumption will be getting a huge test this week with December CPI, released at 8:30 AM Eastern on Thursday. This data release will be key to understanding whether the current bear market in stocks will continue to grind lower or not. Markets may be overly complacent about CPI, with the optimism over CPI and the recent rally setting what could be a sneaky trap for investors.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/97eb6054fd618e14b41ab23a3df780a0\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><h2>Is Inflation Done? History Says Maybe Not</h2><p>Strategists at Bank of America (BAC) did a study in 2022 on inflationary environments in different time periods and different countries. Their question– when the rate of inflation rises above 5% annually, how long does it take for it to fall back to 2%? The Y axis here is in years, and the average is about 10 years. If you toss out countries in Southern Europe that took the longest, you&#39;re still looking at 6-12 years in many scenarios historically. The study only seems to go back to the late 1970s and early 1980s, but the post-WW2 inflationary bout didn&#39;t see US inflation return to 2% annually until 1949 (it then spiked again in the Korean War).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cc7aa061961bd59cddb1425c17a84fa5\" tg-width=\"640\" tg-height=\"370\" referrerpolicy=\"no-referrer\"/><span>History of Inflation (BofA)</span></p><p>This round of inflation started in early 2021, and inflation first breached our 5% threshold in May 2021. If inflation is down to 2% annually in 6 months like many in the market believe, it would be the fastest disinflation in modern history. If we take a relatively benign parallel from the early 1990s inflation bout, we&#39;d still be looking at 6 years.</p><p>To be fair, explicitly targeting 2% inflation has only been done since the Clinton years in the US, after successful trials in some other countries a few years before. But what history clearly demonstrates is that inflation is an ongoing process that does not go away on its own, and that even with best practice it sticks around for years. Otherwise, there would be all kinds of examples of transitory inflation in history that went away after a couple of years, and there aren&#39;t. Stocks and bonds are priced assuming that inflation comes down quickly and monetary policy stays rather loose, so if this is not the case then the market will need to adjust prices downward.</p><h2>Why Inflation Tends To Stick Around</h2><p>There are many reasons inflation tends to stick around. Some are mechanical, and some are more behavioral.</p><p>Mechanical reasons inflation sticks around are interesting, and we&#39;re about to see some of them kicking in now. The most famous is called a &#34;wage-price spiral&#34;, where demands for COL increases are met by companies, who pass on prices to customers, which makes the cost of living collectively go up more. Social Security COLA increases are another example of this. For 2023 Social Security is increasing by 8.7%. Social Security alone is 5-6% of GDP, so this increase alone will increase the 2023 money supply by about 0.5%. Behavioral reasons are interesting as well, we&#39;ve seen them in the housing and used car markets in recent years. When buyers buy so they can get in before prices go up even more, it causes prices to rise. This is also how asset bubbles get going, and it can work in reverse as well when the bubbles pop. Generally, businesses&#39; expectations of future inflation tend to correlate with future inflation, and even things like basic contracts get rewritten to add annual price increases.</p><p>Another reason that inflation tends to stick around is that central banks previously had a poor understanding of when inflation was truly beaten– like gardeners who simply trim weeds rather than pull the roots. In the 1970s, the Fed cut rates after inflation had superficially fallen, only to see it come back stronger than ever. Jerome Powell has repeatedly referenced this to push back against market expectations of rate cuts, but the market continues to defy him. What tends to happen is that the Fed will back off, the dollar weakens, interest rates fall, and stocks go up, all of which fuel inflation. This has all happened recently, with 10-year Treasury rates about 60 bps off their highs, the dollar down about 10% off its highs, and stocks rallying off of the lows. To this point, the rally in stocks and interest rates and the selloff in the dollar is putting upward pressure on inflation, leading to the possibility that the rally will soon be reversed. The most recent Fed minutes alluded to this, but the market still is ignoring what&#39;s right in front of it and continues to fight the Fed.</p><h2>Wage Inflation Is A Symptom Of A Messed-Up Economy, Not the Cause</h2><p>The market obviously got very excited about the nonfarm payrolls number on Friday, but the reaction was way overdone. If you look at wage growth over the past few years, it was never a key driver of inflation. Over the last 12 months, real earnings for workers are down about 3%. This is instructive. Economist Milton Freidman quipped that inflation was &#34;always and everywhere a monetary phenomenon,&#34; and while it&#39;s not 100% true, it&#39;s the best way of thinking about the current inflation. Big wage increases and strikes are not the main driver of inflation in and of themselves, but they&#39;re an inevitable result of pumping an excessive amount of money into the economy.</p><p>Just this morning, I woke up to an article that 7,000 New York City nurses are going on strike today. Some of this is healthcare industry-specific, but it follows strikes and contract renegotiations in places as far and wide as airlines, railroads, and dockworkers. The most recent nonfarm payrolls report shows a deceleration in wage gains, but the labor market continues to tighten, with payrolls rapidly outrunning population growth and the unemployment rate falling back to 3.5%. Wolf Richter took a deep dive into the payrolls report on his blog, but I thought I would share this graph to show that the weekly earnings numbers tend to be rather volatile.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f1db2031e36040f948bc0224a811e2ce\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"/><span>Average Weekly Earnings (Wolf Street)</span></p><p>The Fed&#39;s problem here in my mind is that price increases are outrunning wages, which in turn are outrunning productivity. This is totally backwards, and it is a clear warning against the idea that we&#39;re going to have an easy soft landing for the economy. A lot of the workers entering the &#34;labor force&#34; are self-employed gig workers who were getting W-2 jobs and getting big pay increases.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/33432bf602922c1b347671bc5a06b6e7\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p>Labor force participation overall is well below pre-pandemic levels.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d710413c74c2882a7e6faf7e246bb9c\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p>And why are prices increasing faster than wages? Because consumers got a ton of stimulus money in 2021, and now are spending down savings and running up debt to continue to consume.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f4c28369cdefcc93149e87d8f5a330d\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p>Consumers have some cushion left from pandemic savings, but when it&#39;s gone, it&#39;s gone, and probably in Q2 or Q3. The savings number is even crazier than it looks because it doesn&#39;t take into account the resumption of student loans, but it does take into account the free money to millions of Americans who refinanced their mortgages to ultra-low rates.</p><p>The problem is debt, and that&#39;s how recessions always start. Middle and upper-middle-class people (and sometimes companies and governments) borrow too much money based on their expectations for the future, and when the future comes in below expectations they&#39;ve got too much debt service. Same thing here– ultra-low rates caused a boom in all kinds of borrowing– personal, corporate, and government, and a lot of that money was not invested productively but rather went into meme stocks, altcoins, single-family houses in the desert, or plain old conspicuous consumption.</p><p>The root cause of this inflation is massive government spending. The US ran deficits of 14.9% of GDP in 2020, 12.3% in 2021, and 5.5% in 2022. There are only two ways to deal with this, you either go to the private market and sell the debt at a market price, or you have your central bank print money to buy the debt, which almost always will lead to a bunch of inflation. This happens all the time in emerging markets, but the last congress in the US was the wildest spending congress in history. It never ends well. What&#39;s clear is that the new Congress is going to crack way down on spending. The optimistic way to view this is that Republicans are not going to make any more choices that lead to short-term benefits for long-term pain. The more cynical way to view it is that they have no incentive to spur the economy before the 2024 presidential election, so it&#39;s better to pull the plug now and let the inevitable recession happen on Biden&#39;s watch rather than their own.</p><h2>Where Will Stocks Go From Here?</h2><p>If the S&amp;P 500 breaks above 4,000, it&#39;ll officially be round 3 of pivot mania after the first round in July/August and the second round in October/November. Morgan Stanley&#39;s (MS) Mike Wilson has argued for the past few months that CPI will come in below expectations, but earnings and margins will be significantly worse than the market thinks, pushing the S&amp;P 500 to around 3000. Former Treasury Secretary Larry Summers has argued that the expectations for a low-inflation economy are too optimistic. Michael Burry has argued that the US will enter recession, leading to more stimulus and another huge inflation spike. However, if you look at history, the market tends to bottom well after the Fed starts cutting rates, sometimes over a year later (this implies stocks won&#39;t bottom until 2024).</p><p>The near-term direction of stocks will be heavily influenced by the CPI report this week. There are some forces pushing inflation down, such as the popping used car bubble and the popping housing bubble. However, there are also powerful forces pushing it up, such as a weakening dollar, renewed risk appetite for stocks, and yearly cost of living boosts that come this time of year.</p><p>The Cleveland Fed&#39;s econometric model is calling for CPI of 0.1% (cheaper gas!), but a stubbornly high core CPI of 0.48%. The Fed typically pays more attention to the core. The model traditionally outperforms professional forecasters but has come in low the past couple of months, largely due to a quirk in the way CPI calculates the cost of health insurance. If the Cleveland Fed is on the money about a 0.5% month-over-month inflation report, stocks are likely to take it very harshly. Conversely, an in-line number is likely to allow stocks to continue their latest rally. However, the Fed is concerned about loosening financial conditions, so any rally in stocks may be talked back down by Fed speakers, knowing in the back of their minds that the weaker dollar and decline in rates are likely to complicate their inflation fight. If CPI comes in hotter than expected, the Fed is likely to go 50 bps at their meeting at the end of the month, and if it comes in cooler, then 25 bps is more likely. The main debate at the Fed continues to be how much inflation is transitory and how much is entrenched because it affects how high interest rates will need to go. If you think half of core inflation (excluding food and energy) is transitory, the current Fed rate of 4.5% is about right under standard econometric models (the legitimate ones, not the ones politicians like to quote). This seems low though, and assuming one-third of inflation is transitory gets you a Fed funds rate of 5.5% or higher.</p><p>For an idea of how much stocks could fall, a 15x multiple is more typical for this type of high-rate environment, which would take the S&amp;P 500 to 3400 if earnings estimates hold up at $225 and to 2900 if they don&#39;t and fall to $195. For many highly valued tech stocks and the broad market, the prospect of more Fed tightening is terrible. But for US banks and brokerages like Truist (TFC), Bank of America, and Morgan Stanley, things look better. If you have a higher risk appetite, Canadian banks like Bank of Nova Scotia (BNS) and Bank of Montreal (BMO) have more yield but more downside exposure to a recession. Insurers are interesting as well because they benefit from higher yields on their premiums, some stocks like Prudential (PRU), Travelers (TRV), Allstate (ALL), and Tokio Marine (OTCPK:TKOMY) are the subject of some nice investor debate. For a one-fund solution for bullish investors, consider the <a href=\"https://laohu8.com/S/EMDI\">iShares</a> Small Cap S&amp;P 600 Fund (IJR).</p><h2>Key Takeaways</h2><ul><li>Investors are optimistic about Thursday&#39;s CPI report, but history and econometric models continue to suggest that inflation is not yet conquered. A hot CPI report is likely to be taken very harshly by markets.</li><li>If CPI is cooling because the economy is rolling over into recession, strategists like Morgan Stanley&#39;s Mike Wilson have suggested that investors may win the battle but lose the war in 2023.</li><li>With stocks trading for over 17x earnings while cash rates are expected to top 5%, investors aren&#39;t getting very good compensation for buying stocks–they can earn 5% risk-free.</li><li>Massive deficit spending was the key driver of the pandemic boom, but the current Republican House of Representatives is already signaling that it will put some serious pressure on government spending, while the Supreme Court is likely to dismantle the student loan pause. This could lead to a recession with little to no fiscal support. In the end, it would balance the economy and pop the asset bubbles, but the American consumer&#39;s record-spending run would be dead and gone.</li><li>If you&#39;re itching to buy stocks, I believe the financial sector is the best place to be sector-wise because of low valuations and the fact that earnings from financial stocks will benefit from interest rates being higher for longer than the market expects.</li></ul><p><i>This article is written by Logan Kane for reference only. Please note the risks.</i></p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SPY: Is December CPI Optimism Setting A Sneaky Bull Trap?</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\">\nSPY: Is December CPI Optimism Setting A Sneaky Bull Trap?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-10 09:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568794-spy-is-december-cpi-optimism-setting-a-sneaky-bull-trap><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryEveryone seems to be taking a good CPI report this week as a given, but history suggests inflation tends to stick around for a while!The weakening dollar, falling yields, January pay increases,...</p>\n\n<a href=\"https://seekingalpha.com/article/4568794-spy-is-december-cpi-optimism-setting-a-sneaky-bull-trap\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","BK4207":"综合性银行","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H",".DJI":"道琼斯","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","SPY":"标普500ETF","LU0106831901.USD":"贝莱德世界金融基金A2","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4127":"投资银行业与经纪业","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BK4107":"财产与意外伤害保险","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU0971096721.USD":"富达环球金融服务 A","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4162":"人寿与健康保险","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4550":"红杉资本持仓","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元"},"source_url":"https://seekingalpha.com/article/4568794-spy-is-december-cpi-optimism-setting-a-sneaky-bull-trap","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2302082351","content_text":"SummaryEveryone seems to be taking a good CPI report this week as a given, but history suggests inflation tends to stick around for a while!The weakening dollar, falling yields, January pay increases, and fiscal cost-of-living adjustments will all push inflation up in the near term.My best guess is that inflation has another 12 months before monthly price rises are fully consistent with the Fed's 2% annual core inflation target.Even if CPI comes in soft, bears like Morgan Stanley's Michael Wilson have suggested that a weaker CPI will be accompanied by weaker earnings and weaker profit margins than expected.December CPI will be released on Thursday, January 12th at 8:30 AM Eastern Time.Markets cheered the nonfarm payrolls report on Friday, with the broad S&P 500 index (NYSEARCA:SPY) rising over 2% on the day, with a big follow through on Monday as of my writing this. It seems to me like another case of algorithms gone wild, as the move was preceded by a selloff the day before on the ADP payrolls number. These are small data points, but at stake are the larger questions of where the Fed is likely to take interest rates–and whether the U.S. economy will pull off a soft landing or descend into recession after the pandemic's money-printing binge. The marketis pricing in several rate cuts over the next 12-18 months, while the Fed has indicated they want to hike rates more. With the S&P 500 trading on the high end of its historical range at about 17.5x 2023 consensus earnings estimates of $225, the market needs to hit a parlay here. Highly valued stocks need a Fed pivot, and they need the pivot to come without an underlying collapse in earnings (i.e. a recession). This assumption will be getting a huge test this week with December CPI, released at 8:30 AM Eastern on Thursday. This data release will be key to understanding whether the current bear market in stocks will continue to grind lower or not. Markets may be overly complacent about CPI, with the optimism over CPI and the recent rally setting what could be a sneaky trap for investors.Data by YChartsIs Inflation Done? History Says Maybe NotStrategists at Bank of America (BAC) did a study in 2022 on inflationary environments in different time periods and different countries. Their question– when the rate of inflation rises above 5% annually, how long does it take for it to fall back to 2%? The Y axis here is in years, and the average is about 10 years. If you toss out countries in Southern Europe that took the longest, you're still looking at 6-12 years in many scenarios historically. The study only seems to go back to the late 1970s and early 1980s, but the post-WW2 inflationary bout didn't see US inflation return to 2% annually until 1949 (it then spiked again in the Korean War).History of Inflation (BofA)This round of inflation started in early 2021, and inflation first breached our 5% threshold in May 2021. If inflation is down to 2% annually in 6 months like many in the market believe, it would be the fastest disinflation in modern history. If we take a relatively benign parallel from the early 1990s inflation bout, we'd still be looking at 6 years.To be fair, explicitly targeting 2% inflation has only been done since the Clinton years in the US, after successful trials in some other countries a few years before. But what history clearly demonstrates is that inflation is an ongoing process that does not go away on its own, and that even with best practice it sticks around for years. Otherwise, there would be all kinds of examples of transitory inflation in history that went away after a couple of years, and there aren't. Stocks and bonds are priced assuming that inflation comes down quickly and monetary policy stays rather loose, so if this is not the case then the market will need to adjust prices downward.Why Inflation Tends To Stick AroundThere are many reasons inflation tends to stick around. Some are mechanical, and some are more behavioral.Mechanical reasons inflation sticks around are interesting, and we're about to see some of them kicking in now. The most famous is called a \"wage-price spiral\", where demands for COL increases are met by companies, who pass on prices to customers, which makes the cost of living collectively go up more. Social Security COLA increases are another example of this. For 2023 Social Security is increasing by 8.7%. Social Security alone is 5-6% of GDP, so this increase alone will increase the 2023 money supply by about 0.5%. Behavioral reasons are interesting as well, we've seen them in the housing and used car markets in recent years. When buyers buy so they can get in before prices go up even more, it causes prices to rise. This is also how asset bubbles get going, and it can work in reverse as well when the bubbles pop. Generally, businesses' expectations of future inflation tend to correlate with future inflation, and even things like basic contracts get rewritten to add annual price increases.Another reason that inflation tends to stick around is that central banks previously had a poor understanding of when inflation was truly beaten– like gardeners who simply trim weeds rather than pull the roots. In the 1970s, the Fed cut rates after inflation had superficially fallen, only to see it come back stronger than ever. Jerome Powell has repeatedly referenced this to push back against market expectations of rate cuts, but the market continues to defy him. What tends to happen is that the Fed will back off, the dollar weakens, interest rates fall, and stocks go up, all of which fuel inflation. This has all happened recently, with 10-year Treasury rates about 60 bps off their highs, the dollar down about 10% off its highs, and stocks rallying off of the lows. To this point, the rally in stocks and interest rates and the selloff in the dollar is putting upward pressure on inflation, leading to the possibility that the rally will soon be reversed. The most recent Fed minutes alluded to this, but the market still is ignoring what's right in front of it and continues to fight the Fed.Wage Inflation Is A Symptom Of A Messed-Up Economy, Not the CauseThe market obviously got very excited about the nonfarm payrolls number on Friday, but the reaction was way overdone. If you look at wage growth over the past few years, it was never a key driver of inflation. Over the last 12 months, real earnings for workers are down about 3%. This is instructive. Economist Milton Freidman quipped that inflation was \"always and everywhere a monetary phenomenon,\" and while it's not 100% true, it's the best way of thinking about the current inflation. Big wage increases and strikes are not the main driver of inflation in and of themselves, but they're an inevitable result of pumping an excessive amount of money into the economy.Just this morning, I woke up to an article that 7,000 New York City nurses are going on strike today. Some of this is healthcare industry-specific, but it follows strikes and contract renegotiations in places as far and wide as airlines, railroads, and dockworkers. The most recent nonfarm payrolls report shows a deceleration in wage gains, but the labor market continues to tighten, with payrolls rapidly outrunning population growth and the unemployment rate falling back to 3.5%. Wolf Richter took a deep dive into the payrolls report on his blog, but I thought I would share this graph to show that the weekly earnings numbers tend to be rather volatile.Average Weekly Earnings (Wolf Street)The Fed's problem here in my mind is that price increases are outrunning wages, which in turn are outrunning productivity. This is totally backwards, and it is a clear warning against the idea that we're going to have an easy soft landing for the economy. A lot of the workers entering the \"labor force\" are self-employed gig workers who were getting W-2 jobs and getting big pay increases.Data by YChartsLabor force participation overall is well below pre-pandemic levels.Data by YChartsAnd why are prices increasing faster than wages? Because consumers got a ton of stimulus money in 2021, and now are spending down savings and running up debt to continue to consume.Data by YChartsConsumers have some cushion left from pandemic savings, but when it's gone, it's gone, and probably in Q2 or Q3. The savings number is even crazier than it looks because it doesn't take into account the resumption of student loans, but it does take into account the free money to millions of Americans who refinanced their mortgages to ultra-low rates.The problem is debt, and that's how recessions always start. Middle and upper-middle-class people (and sometimes companies and governments) borrow too much money based on their expectations for the future, and when the future comes in below expectations they've got too much debt service. Same thing here– ultra-low rates caused a boom in all kinds of borrowing– personal, corporate, and government, and a lot of that money was not invested productively but rather went into meme stocks, altcoins, single-family houses in the desert, or plain old conspicuous consumption.The root cause of this inflation is massive government spending. The US ran deficits of 14.9% of GDP in 2020, 12.3% in 2021, and 5.5% in 2022. There are only two ways to deal with this, you either go to the private market and sell the debt at a market price, or you have your central bank print money to buy the debt, which almost always will lead to a bunch of inflation. This happens all the time in emerging markets, but the last congress in the US was the wildest spending congress in history. It never ends well. What's clear is that the new Congress is going to crack way down on spending. The optimistic way to view this is that Republicans are not going to make any more choices that lead to short-term benefits for long-term pain. The more cynical way to view it is that they have no incentive to spur the economy before the 2024 presidential election, so it's better to pull the plug now and let the inevitable recession happen on Biden's watch rather than their own.Where Will Stocks Go From Here?If the S&P 500 breaks above 4,000, it'll officially be round 3 of pivot mania after the first round in July/August and the second round in October/November. Morgan Stanley's (MS) Mike Wilson has argued for the past few months that CPI will come in below expectations, but earnings and margins will be significantly worse than the market thinks, pushing the S&P 500 to around 3000. Former Treasury Secretary Larry Summers has argued that the expectations for a low-inflation economy are too optimistic. Michael Burry has argued that the US will enter recession, leading to more stimulus and another huge inflation spike. However, if you look at history, the market tends to bottom well after the Fed starts cutting rates, sometimes over a year later (this implies stocks won't bottom until 2024).The near-term direction of stocks will be heavily influenced by the CPI report this week. There are some forces pushing inflation down, such as the popping used car bubble and the popping housing bubble. However, there are also powerful forces pushing it up, such as a weakening dollar, renewed risk appetite for stocks, and yearly cost of living boosts that come this time of year.The Cleveland Fed's econometric model is calling for CPI of 0.1% (cheaper gas!), but a stubbornly high core CPI of 0.48%. The Fed typically pays more attention to the core. The model traditionally outperforms professional forecasters but has come in low the past couple of months, largely due to a quirk in the way CPI calculates the cost of health insurance. If the Cleveland Fed is on the money about a 0.5% month-over-month inflation report, stocks are likely to take it very harshly. Conversely, an in-line number is likely to allow stocks to continue their latest rally. However, the Fed is concerned about loosening financial conditions, so any rally in stocks may be talked back down by Fed speakers, knowing in the back of their minds that the weaker dollar and decline in rates are likely to complicate their inflation fight. If CPI comes in hotter than expected, the Fed is likely to go 50 bps at their meeting at the end of the month, and if it comes in cooler, then 25 bps is more likely. The main debate at the Fed continues to be how much inflation is transitory and how much is entrenched because it affects how high interest rates will need to go. If you think half of core inflation (excluding food and energy) is transitory, the current Fed rate of 4.5% is about right under standard econometric models (the legitimate ones, not the ones politicians like to quote). This seems low though, and assuming one-third of inflation is transitory gets you a Fed funds rate of 5.5% or higher.For an idea of how much stocks could fall, a 15x multiple is more typical for this type of high-rate environment, which would take the S&P 500 to 3400 if earnings estimates hold up at $225 and to 2900 if they don't and fall to $195. For many highly valued tech stocks and the broad market, the prospect of more Fed tightening is terrible. But for US banks and brokerages like Truist (TFC), Bank of America, and Morgan Stanley, things look better. If you have a higher risk appetite, Canadian banks like Bank of Nova Scotia (BNS) and Bank of Montreal (BMO) have more yield but more downside exposure to a recession. Insurers are interesting as well because they benefit from higher yields on their premiums, some stocks like Prudential (PRU), Travelers (TRV), Allstate (ALL), and Tokio Marine (OTCPK:TKOMY) are the subject of some nice investor debate. For a one-fund solution for bullish investors, consider the iShares Small Cap S&P 600 Fund (IJR).Key TakeawaysInvestors are optimistic about Thursday's CPI report, but history and econometric models continue to suggest that inflation is not yet conquered. A hot CPI report is likely to be taken very harshly by markets.If CPI is cooling because the economy is rolling over into recession, strategists like Morgan Stanley's Mike Wilson have suggested that investors may win the battle but lose the war in 2023.With stocks trading for over 17x earnings while cash rates are expected to top 5%, investors aren't getting very good compensation for buying stocks–they can earn 5% risk-free.Massive deficit spending was the key driver of the pandemic boom, but the current Republican House of Representatives is already signaling that it will put some serious pressure on government spending, while the Supreme Court is likely to dismantle the student loan pause. This could lead to a recession with little to no fiscal support. In the end, it would balance the economy and pop the asset bubbles, but the American consumer's record-spending run would be dead and gone.If you're itching to buy stocks, I believe the financial sector is the best place to be sector-wise because of low valuations and the fact that earnings from financial stocks will benefit from interest rates being higher for longer than the market expects.This article is written by Logan Kane for reference only. Please note the risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":829,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9953251403,"gmtCreate":1673272924503,"gmtModify":1676538809347,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ZOM\">$Zomedica Pharmaceuticals Corp.(ZOM)$&nbsp;</a>Up up up&nbsp;","listText":"<a href=\"https://ttm.financial/S/ZOM\">$Zomedica Pharmaceuticals Corp.(ZOM)$&nbsp;</a>Up up up&nbsp;","text":"$Zomedica Pharmaceuticals Corp.(ZOM)$ Up up up","images":[{"img":"https://community-static.tradeup.com/news/efbad210f059cff859c79cdc3e639e5d","width":"1242","height":"2580"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9953251403","isVote":1,"tweetType":1,"viewCount":344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9966213764,"gmtCreate":1669550236959,"gmtModify":1676538206635,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"👌&nbsp;","listText":"👌&nbsp;","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9966213764","repostId":"1170146184","repostType":4,"repost":{"id":"1170146184","kind":"news","pubTimestamp":1669522674,"share":"https://ttm.financial/m/news/1170146184?lang=&edition=fundamental","pubTime":"2022-11-27 12:17","market":"us","language":"en","title":"3 Tech Stocks You Can Count on in This Uncertain Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1170146184","media":"InvestorPlace","summary":"Here are three top-quality tech stocks investors can count on in the long term.Apple(AAPL): Warren B","content":"<html><head></head><body><ul><li>Here are three top-quality tech stocks investors can count on in the long term.</li><li><b>Apple</b>(<b>AAPL</b>): Warren Buffett continues to buy because of its economic moat.</li><li><b>Advanced Micro Devices</b>(<b>AMD</b>): Analysts love this beaten-down tech name.</li><li><b>Nvidia</b>(<b>NVDA</b>): The bad news is already priced into downed stocks like Nvidia.</li></ul><p>2022 was a tough one for tech stocks. Most were walloped with higher interest rates, fears of aggressive rate hikes, geopolitical issues, economic concerns, and fed-up consumers. It chased even the sanest investors from the market. While it’s impossible to find a risk-free investment, some are safer than others – especially if they’re leaders in their sectors, with wide economic moats.</p><p>In fact, one of the best ways to spot strong tech stocks is to follow the Warren Buffett model, which is to invest in simple companies that are easy to understand; companies with predictable and proven earnings; companies that can be bought at a reasonable price; and companies with“economic moat,”or a unique advantage over its competition. Seeing that Warren Buffett is now worth about $108.2 billion, it’s a safe bet he knows a thing or two about safe investing.</p><p><b>Apple (AAPL)</b></p><p>With a diversified revenue stream, and an ability to adapt to new consumer trends, <b>Apple</b> (NASDAQ:<b>AAPL</b>) will always be one of the strong tech stocks to bet on. Even Warren Buffett once said he continues to invest in Apple because of its brand, ecosystem, and strong economic moat.</p><p>In addition, we have to consider that Apple is a global leader in innovation. Just look at the iPhone alone. First introduced to the public in 2007, it’s now one of the most popular mobile phones in the world, with a growing market share. Better, earnings have been solid.</p><p>The company just beat expectations on revenue and profits, and it showed that global demand for its products is still high. In its fourth quarter, the company’s revenue was up 8% to $90 billion. Mac sales were up 25% to $11.5 billion in the quarter. iPhone sales were up 10% to $42.6 billion. Operating income was up by 5% to $25 billion. EPS was up 4% to $1.29, putting it above expectations for $1.27.</p><p>Also, analysts, such as Deutsche Bank’s Sidney Ho, say Apple is trading at a reasonable valuation and has a buy rating with a price target of $175. Apple also carries a dividend yield of 0.66%, and it’s been aggressive with stock buybacks.</p><p><b>Tech Stocks: Advanced Micro Devices (AMD)</b></p><p><b>Advanced Micro Devices</b> (NASDAQ: <b>AMD</b>) was butchered for most of the year. But that’ll happen when most of the tech stock sector is dragging just about everything lower. However, after falling from about $150 to a low of about $60, the AMD stock is showing strong signs of life. With patience, I’d like to see the AMD stock run from its current price of $75.25 to $120 in the near term.</p><p>Analysts like the AMD stock, too. UBS upgraded AMD to a buy rating with a price target of $95 a share. Baird analyst Tristan Gerra also just upgraded the beaten-down tech name to outperform with a price target of $100. He believes the company’s newest Genoa chips could widen the company’s competitive moat. Credit Suisse analyst Chris Caso also initiated coverage of AMD with an outperform rating, with a price target of $90.</p><p>Piper Sandler analyst Harsh Kumar is also overweight on the stock, with a price target of $90. He added that earnings appear to be bottoming and that PC inventory should start to clear out in the early part of 2023. In addition, he believes AMD is a great way to trade the server uptrend and cloud strength.</p><p><b>Tech Stocks: Nvidia (NVDA)</b></p><p>While <b>Nvidia</b> (NASDAQ:<b>NVDA</b>) was cut in half this year, it’s still one quality, safe name investors can count on. For one, the company makes the chips that are used to power some of the world’s most advanced technologies, including gaming, supercomputing, the cloud, artificial intelligence, machine learning, virtual reality, augmented reality, autonomous driving, etc. Again, NVDA was destroyed in 2022. But it’s still a high-quality name to count on.</p><p>Better, it’s also getting a jump on the Industrial Omniverse, which is already being used by major companies, like <b>Lowe’s</b> (NYSE:LOW), <b>BMW</b>(OTCMKTS:BMWYY), <b>Siemens</b>(OTCMKTS:SIEGY), and <b>Lockheed Martin</b> (NYSE:LMT).</p><p>Analysts, like Credit Suisse’s Chris Casso, say there’s been enough bad news for semiconductors to lower the risk of investing. The firm also said Nvidia was one of its top picks thanks to its strength in artificial intelligence, computing, and data centers. Better, the firm now has an outperform rating on the stock, with a $210 price target. Piper Sandler analyst Harsh Kumar also sees a near-term turnaround for Nvidia and has an overweight rating on the stock. For me, from a current price of $160.38, I’d like to see the stock run back to $195 by the first half of the New Year.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Tech Stocks You Can Count on in This Uncertain Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Tech Stocks You Can Count on in This Uncertain Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-27 12:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/11/3-tech-stocks-you-can-count-on-in-this-uncertain-market/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Here are three top-quality tech stocks investors can count on in the long term.Apple(AAPL): Warren Buffett continues to buy because of its economic moat.Advanced Micro Devices(AMD): Analysts love this...</p>\n\n<a href=\"https://investorplace.com/2022/11/3-tech-stocks-you-can-count-on-in-this-uncertain-market/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司","NVDA":"英伟达","AAPL":"苹果"},"source_url":"https://investorplace.com/2022/11/3-tech-stocks-you-can-count-on-in-this-uncertain-market/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170146184","content_text":"Here are three top-quality tech stocks investors can count on in the long term.Apple(AAPL): Warren Buffett continues to buy because of its economic moat.Advanced Micro Devices(AMD): Analysts love this beaten-down tech name.Nvidia(NVDA): The bad news is already priced into downed stocks like Nvidia.2022 was a tough one for tech stocks. Most were walloped with higher interest rates, fears of aggressive rate hikes, geopolitical issues, economic concerns, and fed-up consumers. It chased even the sanest investors from the market. While it’s impossible to find a risk-free investment, some are safer than others – especially if they’re leaders in their sectors, with wide economic moats.In fact, one of the best ways to spot strong tech stocks is to follow the Warren Buffett model, which is to invest in simple companies that are easy to understand; companies with predictable and proven earnings; companies that can be bought at a reasonable price; and companies with“economic moat,”or a unique advantage over its competition. Seeing that Warren Buffett is now worth about $108.2 billion, it’s a safe bet he knows a thing or two about safe investing.Apple (AAPL)With a diversified revenue stream, and an ability to adapt to new consumer trends, Apple (NASDAQ:AAPL) will always be one of the strong tech stocks to bet on. Even Warren Buffett once said he continues to invest in Apple because of its brand, ecosystem, and strong economic moat.In addition, we have to consider that Apple is a global leader in innovation. Just look at the iPhone alone. First introduced to the public in 2007, it’s now one of the most popular mobile phones in the world, with a growing market share. Better, earnings have been solid.The company just beat expectations on revenue and profits, and it showed that global demand for its products is still high. In its fourth quarter, the company’s revenue was up 8% to $90 billion. Mac sales were up 25% to $11.5 billion in the quarter. iPhone sales were up 10% to $42.6 billion. Operating income was up by 5% to $25 billion. EPS was up 4% to $1.29, putting it above expectations for $1.27.Also, analysts, such as Deutsche Bank’s Sidney Ho, say Apple is trading at a reasonable valuation and has a buy rating with a price target of $175. Apple also carries a dividend yield of 0.66%, and it’s been aggressive with stock buybacks.Tech Stocks: Advanced Micro Devices (AMD)Advanced Micro Devices (NASDAQ: AMD) was butchered for most of the year. But that’ll happen when most of the tech stock sector is dragging just about everything lower. However, after falling from about $150 to a low of about $60, the AMD stock is showing strong signs of life. With patience, I’d like to see the AMD stock run from its current price of $75.25 to $120 in the near term.Analysts like the AMD stock, too. UBS upgraded AMD to a buy rating with a price target of $95 a share. Baird analyst Tristan Gerra also just upgraded the beaten-down tech name to outperform with a price target of $100. He believes the company’s newest Genoa chips could widen the company’s competitive moat. Credit Suisse analyst Chris Caso also initiated coverage of AMD with an outperform rating, with a price target of $90.Piper Sandler analyst Harsh Kumar is also overweight on the stock, with a price target of $90. He added that earnings appear to be bottoming and that PC inventory should start to clear out in the early part of 2023. In addition, he believes AMD is a great way to trade the server uptrend and cloud strength.Tech Stocks: Nvidia (NVDA)While Nvidia (NASDAQ:NVDA) was cut in half this year, it’s still one quality, safe name investors can count on. For one, the company makes the chips that are used to power some of the world’s most advanced technologies, including gaming, supercomputing, the cloud, artificial intelligence, machine learning, virtual reality, augmented reality, autonomous driving, etc. Again, NVDA was destroyed in 2022. But it’s still a high-quality name to count on.Better, it’s also getting a jump on the Industrial Omniverse, which is already being used by major companies, like Lowe’s (NYSE:LOW), BMW(OTCMKTS:BMWYY), Siemens(OTCMKTS:SIEGY), and Lockheed Martin (NYSE:LMT).Analysts, like Credit Suisse’s Chris Casso, say there’s been enough bad news for semiconductors to lower the risk of investing. The firm also said Nvidia was one of its top picks thanks to its strength in artificial intelligence, computing, and data centers. Better, the firm now has an outperform rating on the stock, with a $210 price target. Piper Sandler analyst Harsh Kumar also sees a near-term turnaround for Nvidia and has an overweight rating on the stock. For me, from a current price of $160.38, I’d like to see the stock run back to $195 by the first half of the New Year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":45,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9984221993,"gmtCreate":1667657020913,"gmtModify":1676537949172,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9984221993","repostId":"1126084916","repostType":4,"repost":{"id":"1126084916","kind":"news","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":1667649988,"share":"https://ttm.financial/m/news/1126084916?lang=&edition=fundamental","pubTime":"2022-11-05 20:06","market":"us","language":"en","title":"Berkshire Hathaway Posts Quarterly Loss As Stock Holdings Fall","url":"https://stock-news.laohu8.com/highlight/detail?id=1126084916","media":"Reuters","summary":"Nov 5 (Reuters) - Berkshire Hathaway Inc(BRK)on Saturday posted a third-quarter loss, as the conglomerate run by billionaire Warren Buffett said it lost money on its stock investments and from insuran","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/5123a6e2350392f040c0ac678a3ba3b5\" tg-width=\"6720\" tg-height=\"4480\" referrerpolicy=\"no-referrer\"/>Nov 5 (Reuters) - Berkshire Hathaway Inc(BRK)on Saturday posted a third-quarter loss, as the conglomerate run by billionaire Warren Buffett said it lost money on its stock investments and from insurance underwriting.</p><p>The net loss of $2.69 billion, or $1,832 per Class A share, compared with a profit of $10.34 billion, or $6,882 per share, a year earlier.</p><p>Operating profit rose 20% to $7.76 billion, or about $5,294 per Class A share, from $6.47 billion, or about $4,331 per share, a year earlier, helped by foreign currency gains and improvement in several businesses.</p><p>Berkshire also repurchased $1.05 billion of its own stock in the quarter, and has repurchased $5.25 billion this year.</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>Berkshire Hathaway Posts Quarterly Loss As Stock Holdings Fall</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; 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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\">\nBerkshire Hathaway Posts Quarterly Loss As Stock Holdings Fall\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\">2022-11-05 20:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><img src=\"https://static.tigerbbs.com/5123a6e2350392f040c0ac678a3ba3b5\" tg-width=\"6720\" tg-height=\"4480\" referrerpolicy=\"no-referrer\"/>Nov 5 (Reuters) - Berkshire Hathaway Inc(BRK)on Saturday posted a third-quarter loss, as the conglomerate run by billionaire Warren Buffett said it lost money on its stock investments and from insurance underwriting.</p><p>The net loss of $2.69 billion, or $1,832 per Class A share, compared with a profit of $10.34 billion, or $6,882 per share, a year earlier.</p><p>Operating profit rose 20% to $7.76 billion, or about $5,294 per Class A share, from $6.47 billion, or about $4,331 per share, a year earlier, helped by foreign currency gains and improvement in several businesses.</p><p>Berkshire also repurchased $1.05 billion of its own stock in the quarter, and has repurchased $5.25 billion this year.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126084916","content_text":"Nov 5 (Reuters) - Berkshire Hathaway Inc(BRK)on Saturday posted a third-quarter loss, as the conglomerate run by billionaire Warren Buffett said it lost money on its stock investments and from insurance underwriting.The net loss of $2.69 billion, or $1,832 per Class A share, compared with a profit of $10.34 billion, or $6,882 per share, a year earlier.Operating profit rose 20% to $7.76 billion, or about $5,294 per Class A share, from $6.47 billion, or about $4,331 per share, a year earlier, helped by foreign currency gains and improvement in several businesses.Berkshire also repurchased $1.05 billion of its own stock in the quarter, and has repurchased $5.25 billion this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9982021461,"gmtCreate":1667052783353,"gmtModify":1676537854478,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"👌&nbsp;","listText":"👌&nbsp;","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9982021461","repostId":"2278507483","repostType":4,"repost":{"id":"2278507483","kind":"highlight","pubTimestamp":1667005734,"share":"https://ttm.financial/m/news/2278507483?lang=&edition=fundamental","pubTime":"2022-10-29 09:08","market":"us","language":"en","title":"3 Warren Buffett Stocks to Buy Hand Over Fist in November","url":"https://stock-news.laohu8.com/highlight/detail?id=2278507483","media":"Motley Fool","summary":"The Oracle of Omaha's methodology is passing the test of time after all.","content":"<html><head></head><body><p>Warren Buffett&#39;s value-based approach to picking stocks somewhat fell out of favor back in mid-2020, when growth stocks led the market out of its pandemic-prompted pullback. The market environment is more than a little rocky this year, though, and Buffett&#39;s philosophy is proving itself once again. Whereas the <b>S&amp;P 500</b> has been rather deep in the red over the past year of trading, <b>Berkshire Hathaway</b> stock is basically breaking even.</p><p>Translation: Given enough time, the all-weather Warren Buffett way still works.</p><p>Let&#39;s take a look at three Berkshire holdings you may want to scoop up for yourself, and soon. They&#39;re mostly underperforming for now. But these stocks tend to be recession-resilient, and they could end up outperforming the broad market in the foreseeable future.</p><h2>1. Bank of America</h2><p>At first glance, there are some troubling indicators surrounding banks right now. Rising interest rates could crimp demand for loans, while a weakening economy dents borrowers&#39; ability to make loan payments. Such an environment also sours the stock market, undermining the banking industry&#39;s investment-related businesses.</p><p>But investors may be pricing in far more downside than is merited for banks at the same time they&#39;re overlooking the upsides of this situation. That&#39;s arguably what&#39;s happening with <b>Bank of America</b> shares anyway.</p><p>Yes, last quarter&#39;s results showed a sizable uptick in provisions for losses on loans that may be in the cards, and per-share earnings fell from $0.85 to only $0.81 per share. That&#39;s quite possibly the worst trouble the bank&#39;s facing though. Even the company&#39;s investment management operation more or less matched this year&#39;s second-quarter results as well as the year-ago Q3 results during the third quarter of this year despite the broader market&#39;s poor performance.</p><p>Indeed, things may even be looking up very soon for Buffett&#39;s beaten-down $133 billion Bank of America position, which accounts for more than a tenth of his total stock holdings.</p><p>Although Bank of America is likely to make far fewer loans within the next few months than it has during the past few months, the net profitability of those loans should be much greater than the bank&#39;s current loan portfolio. In a recent interview with Yahoo! Finance, CEO Brian Moynihan pointed out that continued increases in interest rates could add another billion dollars worth of profitability to the company&#39;s current bottom line. That would bolster net interest income that was already up 24% year over year last quarter.</p><p>It&#39;s a possibility, however, that&#39;s only recent begun to be reflected in the stock&#39;s rebound effort from a sell-off that dragged it 40% below February&#39;s peak price. Still down 20% year to date though, the bounce since October&#39;s low may be a sign that the market is finally starting to right-price this ticker headed into November.</p><h2>2. Coca-Cola</h2><p>The recession-related risk of losing a job may prompt some people to cancel a vacation or postpone the purchase of a new car. Economic weakness and burgeoning inflation, however, typically don&#39;t cause consumers to stop buying their favorite beverages.</p><p>Enter<b> Coca-Cola</b>, which is doing just fine at a time when most companies aren&#39;t. Last quarter&#39;s organic revenue was up 16% on a 4% increase in unit volume, meaning the beverage giant is successfully passing along its higher costs to its customers. The company also managed to gain market share in a very crowded drinks market. And, given all that its management knows right now, Coca-Cola is still looking for solid single-digit revenue and earnings growth for the upcoming year despite broad economic headwinds.</p><p>This loyalty makes sense. Coca-Cola is one of the world&#39;s most recognized and beloved brand names, and being in business for 136 years means it&#39;s had plenty of time to become a fixture of the global culture. Christmas ornaments, clothing, toys, and home decor are just some of non-beverage goods that regularly borrow the Coca-Cola logo and colors, reflecting the planet&#39;s affinity for the brand outside of beverages.</p><p>Of course, The Coca-Cola Company isn&#39;t just its namesake cola anymore. The company reaches plenty of non-soda drinkers as well; it also owns Dasani water, Gold Peak tea, and Minute Maid juices, just to name a few.</p><p>Perhaps the real upside to new investors, however, is the nuance that Buffett likes most about this particular Berkshire holding. That&#39;s the dividend -- and its reliable growth -- that keeps on coming even in lousy environments. The quarterly payout has not only been paid like clockwork for decades now, but the annual dividend payment has been upped every year for the past 60 years.  Thanks to the stock&#39;s relative weakness this year, you can step into this stock right now while its yield is an above-average 3%.</p><h2>3. American Express</h2><p>Finally, add <b>American Express</b> to your list of Buffett stocks to buy sooner than later, while you can still buy it 26% below February&#39;s peak.</p><p>On the surface, it&#39;s just another credit company. Dig deeper, though, and it&#39;s much more. Whereas competitors like <b><a href=\"https://laohu8.com/S/V\">Visa</a></b> and <b>Mastercard</b> provide a payments processing platform for card issuers, American Express builds and operates its own robust charge-card ecosystem. The bulk of the company&#39;s personal and business charge cards impose an annual fee, but it&#39;s a fee its customers gladly pay in exchange for incredible perks. The Platinum Card, for instance, offers access to select airport lounges, while the Gold Card offers outright credits for <b>Uber Technology</b>&#39;s ride-hailing services.</p><p>And this ecosystem of benefits is no small matter.</p><p>The company earns interest income like any other lender and collects the usual transaction fees for facilitating the purchase of goods and services. But it also generates a great deal of service and card-fee income. Roughly 10% of last quarter&#39;s top line came from cardholders&#39; payments just for the privilege of holding an American Express charge card.</p><p>Of course, the economic turbulence could rattle consumers&#39; spending and prompt some to cancel credit cards that incur an annual fee. But that&#39;s not as likely as you might suspect.</p><p>Aside from the fact that American Express cardholders really, <i>really</i> love their rewards programs -- in August, J.D. Power ranked American Express highest for customer satisfaction for a third year in a row -- credit cards aren&#39;t just for splurging anymore. They&#39;re increasingly being used as an alternative to cash to buy everyday goods. In this vein, American Express has collected nearly $38.7 billion in net revenue through the first three quarters of this year, up 30% from where it was at this time of year in pre-pandemic 2019. Analysts are calling for top-line growth of 11% next year, too, despite the brewing economic headwind. That&#39;s more than many other companies will be able to produce.</p><p>You won&#39;t want to tarry if you agree with the bigger-picture bullish premise either. While the stock&#39;s deep in the red for the year, American Express and now both Mastercard and Visa all agreed in their most recent earnings reports that consumer spending is remaining surprisingly firm. The market hasn&#39;t been pricing these stocks accordingly, but may well do that beginning in November now that all three players are singing the same chorus.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Warren Buffett Stocks to Buy Hand Over Fist in November</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Warren Buffett Stocks to Buy Hand Over Fist in November\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-29 09:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/10/28/3-warren-buffett-stocks-to-buy-hand-over-fist-in-n/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Warren Buffett's value-based approach to picking stocks somewhat fell out of favor back in mid-2020, when growth stocks led the market out of its pandemic-prompted pullback. The market environment is ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/10/28/3-warren-buffett-stocks-to-buy-hand-over-fist-in-n/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐","AXP":"美国运通","BAC":"美国银行"},"source_url":"https://www.fool.com/investing/2022/10/28/3-warren-buffett-stocks-to-buy-hand-over-fist-in-n/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2278507483","content_text":"Warren Buffett's value-based approach to picking stocks somewhat fell out of favor back in mid-2020, when growth stocks led the market out of its pandemic-prompted pullback. The market environment is more than a little rocky this year, though, and Buffett's philosophy is proving itself once again. Whereas the S&P 500 has been rather deep in the red over the past year of trading, Berkshire Hathaway stock is basically breaking even.Translation: Given enough time, the all-weather Warren Buffett way still works.Let's take a look at three Berkshire holdings you may want to scoop up for yourself, and soon. They're mostly underperforming for now. But these stocks tend to be recession-resilient, and they could end up outperforming the broad market in the foreseeable future.1. Bank of AmericaAt first glance, there are some troubling indicators surrounding banks right now. Rising interest rates could crimp demand for loans, while a weakening economy dents borrowers' ability to make loan payments. Such an environment also sours the stock market, undermining the banking industry's investment-related businesses.But investors may be pricing in far more downside than is merited for banks at the same time they're overlooking the upsides of this situation. That's arguably what's happening with Bank of America shares anyway.Yes, last quarter's results showed a sizable uptick in provisions for losses on loans that may be in the cards, and per-share earnings fell from $0.85 to only $0.81 per share. That's quite possibly the worst trouble the bank's facing though. Even the company's investment management operation more or less matched this year's second-quarter results as well as the year-ago Q3 results during the third quarter of this year despite the broader market's poor performance.Indeed, things may even be looking up very soon for Buffett's beaten-down $133 billion Bank of America position, which accounts for more than a tenth of his total stock holdings.Although Bank of America is likely to make far fewer loans within the next few months than it has during the past few months, the net profitability of those loans should be much greater than the bank's current loan portfolio. In a recent interview with Yahoo! Finance, CEO Brian Moynihan pointed out that continued increases in interest rates could add another billion dollars worth of profitability to the company's current bottom line. That would bolster net interest income that was already up 24% year over year last quarter.It's a possibility, however, that's only recent begun to be reflected in the stock's rebound effort from a sell-off that dragged it 40% below February's peak price. Still down 20% year to date though, the bounce since October's low may be a sign that the market is finally starting to right-price this ticker headed into November.2. Coca-ColaThe recession-related risk of losing a job may prompt some people to cancel a vacation or postpone the purchase of a new car. Economic weakness and burgeoning inflation, however, typically don't cause consumers to stop buying their favorite beverages.Enter Coca-Cola, which is doing just fine at a time when most companies aren't. Last quarter's organic revenue was up 16% on a 4% increase in unit volume, meaning the beverage giant is successfully passing along its higher costs to its customers. The company also managed to gain market share in a very crowded drinks market. And, given all that its management knows right now, Coca-Cola is still looking for solid single-digit revenue and earnings growth for the upcoming year despite broad economic headwinds.This loyalty makes sense. Coca-Cola is one of the world's most recognized and beloved brand names, and being in business for 136 years means it's had plenty of time to become a fixture of the global culture. Christmas ornaments, clothing, toys, and home decor are just some of non-beverage goods that regularly borrow the Coca-Cola logo and colors, reflecting the planet's affinity for the brand outside of beverages.Of course, The Coca-Cola Company isn't just its namesake cola anymore. The company reaches plenty of non-soda drinkers as well; it also owns Dasani water, Gold Peak tea, and Minute Maid juices, just to name a few.Perhaps the real upside to new investors, however, is the nuance that Buffett likes most about this particular Berkshire holding. That's the dividend -- and its reliable growth -- that keeps on coming even in lousy environments. The quarterly payout has not only been paid like clockwork for decades now, but the annual dividend payment has been upped every year for the past 60 years.  Thanks to the stock's relative weakness this year, you can step into this stock right now while its yield is an above-average 3%.3. American ExpressFinally, add American Express to your list of Buffett stocks to buy sooner than later, while you can still buy it 26% below February's peak.On the surface, it's just another credit company. Dig deeper, though, and it's much more. Whereas competitors like Visa and Mastercard provide a payments processing platform for card issuers, American Express builds and operates its own robust charge-card ecosystem. The bulk of the company's personal and business charge cards impose an annual fee, but it's a fee its customers gladly pay in exchange for incredible perks. The Platinum Card, for instance, offers access to select airport lounges, while the Gold Card offers outright credits for Uber Technology's ride-hailing services.And this ecosystem of benefits is no small matter.The company earns interest income like any other lender and collects the usual transaction fees for facilitating the purchase of goods and services. But it also generates a great deal of service and card-fee income. Roughly 10% of last quarter's top line came from cardholders' payments just for the privilege of holding an American Express charge card.Of course, the economic turbulence could rattle consumers' spending and prompt some to cancel credit cards that incur an annual fee. But that's not as likely as you might suspect.Aside from the fact that American Express cardholders really, really love their rewards programs -- in August, J.D. Power ranked American Express highest for customer satisfaction for a third year in a row -- credit cards aren't just for splurging anymore. They're increasingly being used as an alternative to cash to buy everyday goods. In this vein, American Express has collected nearly $38.7 billion in net revenue through the first three quarters of this year, up 30% from where it was at this time of year in pre-pandemic 2019. Analysts are calling for top-line growth of 11% next year, too, despite the brewing economic headwind. That's more than many other companies will be able to produce.You won't want to tarry if you agree with the bigger-picture bullish premise either. While the stock's deep in the red for the year, American Express and now both Mastercard and Visa all agreed in their most recent earnings reports that consumer spending is remaining surprisingly firm. The market hasn't been pricing these stocks accordingly, but may well do that beginning in November now that all three players are singing the same chorus.","news_type":1},"isVote":1,"tweetType":1,"viewCount":17,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9990492822,"gmtCreate":1660385345168,"gmtModify":1676533463131,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SKLZ\">$Skillz Inc(SKLZ)$</a>Up up up&nbsp;","listText":"<a href=\"https://ttm.financial/S/SKLZ\">$Skillz Inc(SKLZ)$</a>Up up up&nbsp;","text":"$Skillz Inc(SKLZ)$Up up up","images":[{"img":"https://community-static.tradeup.com/news/4c607a93b400ab611f5ba4cf3d328384","width":"1242","height":"1968"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990492822","isVote":1,"tweetType":1,"viewCount":77,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9053667870,"gmtCreate":1654530951790,"gmtModify":1676535463917,"author":{"id":"3580076354872466","authorId":"3580076354872466","name":"玉树临风英俊","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580076354872466","authorIdStr":"3580076354872466"},"themes":[],"htmlText":"👌&nbsp;","listText":"👌&nbsp;","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9053667870","repostId":"2241805301","repostType":4,"repost":{"id":"2241805301","kind":"highlight","pubTimestamp":1654529995,"share":"https://ttm.financial/m/news/2241805301?lang=&edition=fundamental","pubTime":"2022-06-06 23:39","market":"us","language":"en","title":"Is Now the Time to Buy These 3 Top EV Stocks?","url":"https://stock-news.laohu8.com/highlight/detail?id=2241805301","media":"Motley Fool","summary":"These stocks have corrected between 27% to 69% so far this year.","content":"<html><head></head><body><p>If you are new to investing, you may find market corrections scary. However, these can be perfect opportunities to buy stocks that otherwise look expensive. As of this writing, the <b>Nasdaq Composite</b> Index has corrected roughly 21% this year.</p><p>High-flying electric vehicle (EV) stocks too have fallen significantly. Let&#39;s focus on three EV stocks that look appealing right now.</p><h2>1. <a href=\"https://laohu8.com/S/TSLA\">Tesla</a></h2><p>Investors had long been divided on <b>Tesla</b>&#39;s (TSLA) success as an EV maker. However, with growing revenues, profits, and margins over the past several quarters, the company has put some of those arguments behind it.</p><p><img src=\"https://static.tigerbbs.com/9e01ca7d967528beaf363a8e4479e7cb\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"/></p><p>TSLA Revenue (Quarterly) data by YCharts</p><p>The debate has instead now shifted to the high valuation of Tesla stock. With a price-to-earnings (P/E) ratio of 105, the stock gives a solid reason to support this claim. Even based on forward earnings, the ratio at nearly 63 is high.</p><p><img src=\"https://static.tigerbbs.com/dead959f90c2a2dc0f8c1ace9e08c9fe\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"/></p><p>TSLA PE Ratio data by YCharts.</p><p>Even then, it is a dramatic improvement from a P/E ratio of above 600 that the stock sported a year ago. Similarly, Tesla&#39;s price-to-sales (P/S) ratio of around 14 right now is well below its average ratio of nearly 20 in the last one year. In November, the P/S ratio was nearly 30.</p><p>Tesla has managed to carve a place for itself in a capital-intensive business with high barriers to entry. Moreover, it has lately been generating industry-leading margins. Tesla&#39;s CEO Elon Musk plans to cut some jobs anticipating a weaker economy. This move again could be an attempt to keep margins from falling, in case a slowdown indeed comes. Finally, there are several growth avenues for Tesla other than electric vehicles. What it shows is that even if Tesla stock doesn&#39;t reach to its historical P/E or P/S ratios, there is some scope for multiple expansion from their current levels. Further, earnings and sales growth will support the stock&#39;s price, even if the multiples don&#39;t rise from their current levels.</p><p>Overall, Tesla stock is looking far more attractive now than it was at the start of the year. If you&#39;ve been looking to buy the stock, now could be a good time.</p><h2>2. <a href=\"https://laohu8.com/S/RIVN\">Rivian</a></h2><p><b>Rivian</b> (RIVN) stock has fallen roughly 69% so far this year. A broader market correction has hurt this young EV maker more than other comparable companies as investors are avoiding more speculative companies. The euphoria surrounding Rivian sent the stock&#39;s price to unsustainable levels soon after it went public in November last year.</p><p><img src=\"https://static.tigerbbs.com/884ec7a4ae4a9a163ef9904700363cbb\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/></p><p>Image source: Rivian.</p><p>Rivian has not yet achieved profitable operations. What&#39;s more, supply chain challenges and higher materials cost are further hurting the company&#39;s performance. Scaling up profitably remains a key challenge for Rivian. Obviously, investors are concerned, causing a sell-off in the stock.</p><p>However, there are some key positives about Rivian that the market is ignoring. The company is an early mover in the key electric pickup truck segment, and its products have broadly received positive reviews. It also has a big order for electric delivery vans from <b>Amazon</b>. So, a lack of demand isn&#39;t a concern for Rivian. As a new EV maker, Rivian is bound to face challenges, but it can eventually navigate through these.</p><p>Overall, Rivian stock has fallen to more attractive levels. Based on estimated sales for the next fiscal year, Rivian&#39;s forward P/S ratio is roughly 4. Although it looks high, the company is just starting and has years of growth ahead.</p><p>Considering that the stock&#39;s price has been wildly fluctuating and that the company is not yet profitable, it is important to bear in mind  that the stock is suitable only for investors with a high appetite for risk.</p><h2>3. <a href=\"https://laohu8.com/S/CHPT\">ChargePoint</a></h2><p><b>ChargePoint</b> (CHPT) reported earnings for its fiscal quarter ending April 30 last week. The company&#39;s revenue more than doubled from the year-ago quarter. But its loss from operations also widened from $46.6 million to $89.8 million. The company attributed the growing losses mainly to supply chain disruptions, which resulted in higher costs.</p><p>Looking beyond the latest quarter results, like other EV charging providers, ChargePoint&#39;s business model is still unproven. Unlike gas stations, EV charging companies cannot become profitable selling electricity. Rather, ChargePoint sells its chargers, subscriptions, and warranty services to commercial customers, such as workplaces, retail locations, and parking operators, who offer these as a perk to employees or use them to attract customers. ChargePoint also targets residential customers as well as fleet operators looking to electrify their fleets.</p><p>How ChargePoint&#39;s business evolves over time remains to be seen. Yet, if you&#39;re willing to take the associated risks, ChargePoint looks like the best bet among EV charging companies. ChargePoint stock&#39;s forward P/S ratio is lower than that for its listed peers <b><a href=\"https://laohu8.com/S/BLNK\">Blink Charging</a></b> and <b>EVgo</b>.  Moreover, the stock is 70% off its all-time high price, offering an attractive entry point for long-term investors.</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>Is Now the Time to Buy These 3 Top EV Stocks?</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\">\nIs Now the Time to Buy These 3 Top EV Stocks?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-06 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/06/06/is-now-the-time-to-buy-these-3-top-ev-stocks/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If you are new to investing, you may find market corrections scary. However, these can be perfect opportunities to buy stocks that otherwise look expensive. As of this writing, the Nasdaq Composite ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/06/06/is-now-the-time-to-buy-these-3-top-ev-stocks/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CHPT":"ChargePoint Holdings Inc.","RIVN":"Rivian Automotive, Inc.","TSLA":"特斯拉"},"source_url":"https://www.fool.com/investing/2022/06/06/is-now-the-time-to-buy-these-3-top-ev-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2241805301","content_text":"If you are new to investing, you may find market corrections scary. However, these can be perfect opportunities to buy stocks that otherwise look expensive. As of this writing, the Nasdaq Composite Index has corrected roughly 21% this year.High-flying electric vehicle (EV) stocks too have fallen significantly. Let's focus on three EV stocks that look appealing right now.1. TeslaInvestors had long been divided on Tesla's (TSLA) success as an EV maker. However, with growing revenues, profits, and margins over the past several quarters, the company has put some of those arguments behind it.TSLA Revenue (Quarterly) data by YChartsThe debate has instead now shifted to the high valuation of Tesla stock. With a price-to-earnings (P/E) ratio of 105, the stock gives a solid reason to support this claim. Even based on forward earnings, the ratio at nearly 63 is high.TSLA PE Ratio data by YCharts.Even then, it is a dramatic improvement from a P/E ratio of above 600 that the stock sported a year ago. Similarly, Tesla's price-to-sales (P/S) ratio of around 14 right now is well below its average ratio of nearly 20 in the last one year. In November, the P/S ratio was nearly 30.Tesla has managed to carve a place for itself in a capital-intensive business with high barriers to entry. Moreover, it has lately been generating industry-leading margins. Tesla's CEO Elon Musk plans to cut some jobs anticipating a weaker economy. This move again could be an attempt to keep margins from falling, in case a slowdown indeed comes. Finally, there are several growth avenues for Tesla other than electric vehicles. What it shows is that even if Tesla stock doesn't reach to its historical P/E or P/S ratios, there is some scope for multiple expansion from their current levels. Further, earnings and sales growth will support the stock's price, even if the multiples don't rise from their current levels.Overall, Tesla stock is looking far more attractive now than it was at the start of the year. If you've been looking to buy the stock, now could be a good time.2. RivianRivian (RIVN) stock has fallen roughly 69% so far this year. A broader market correction has hurt this young EV maker more than other comparable companies as investors are avoiding more speculative companies. The euphoria surrounding Rivian sent the stock's price to unsustainable levels soon after it went public in November last year.Image source: Rivian.Rivian has not yet achieved profitable operations. What's more, supply chain challenges and higher materials cost are further hurting the company's performance. Scaling up profitably remains a key challenge for Rivian. Obviously, investors are concerned, causing a sell-off in the stock.However, there are some key positives about Rivian that the market is ignoring. The company is an early mover in the key electric pickup truck segment, and its products have broadly received positive reviews. It also has a big order for electric delivery vans from Amazon. So, a lack of demand isn't a concern for Rivian. As a new EV maker, Rivian is bound to face challenges, but it can eventually navigate through these.Overall, Rivian stock has fallen to more attractive levels. Based on estimated sales for the next fiscal year, Rivian's forward P/S ratio is roughly 4. Although it looks high, the company is just starting and has years of growth ahead.Considering that the stock's price has been wildly fluctuating and that the company is not yet profitable, it is important to bear in mind  that the stock is suitable only for investors with a high appetite for risk.3. ChargePointChargePoint (CHPT) reported earnings for its fiscal quarter ending April 30 last week. The company's revenue more than doubled from the year-ago quarter. But its loss from operations also widened from $46.6 million to $89.8 million. The company attributed the growing losses mainly to supply chain disruptions, which resulted in higher costs.Looking beyond the latest quarter results, like other EV charging providers, ChargePoint's business model is still unproven. Unlike gas stations, EV charging companies cannot become profitable selling electricity. Rather, ChargePoint sells its chargers, subscriptions, and warranty services to commercial customers, such as workplaces, retail locations, and parking operators, who offer these as a perk to employees or use them to attract customers. ChargePoint also targets residential customers as well as fleet operators looking to electrify their fleets.How ChargePoint's business evolves over time remains to be seen. Yet, if you're willing to take the associated risks, ChargePoint looks like the best bet among EV charging companies. ChargePoint stock's forward P/S ratio is lower than that for its listed peers Blink Charging and EVgo.  Moreover, the stock is 70% off its all-time high price, offering an attractive entry point for long-term investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":65,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}