kwk personal page - To The Moon

kwk

kwk

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10-01

Tiger is here. Tiger is here. Tiger is here. Tiger is here. Tiger is everywhere .

07-29

MSFT will be considerably up, in line with predictions. AAPL will be slightly up, but below predictions.

04-13

Ultra red after today [Facepalm]

04-13

Ultra red after <u>today</u>

04-11

Wells Fargo as they have been doing well

02-13

The first 3 words i can see is Luck, Food and Wealth. Wow meaning this year i have many luck, good food and many 🤑

01-27

using DCA, never lost sleep at night, my sleeping position is investor [Happy]

01-27

I'm not quite believe in Feng shui but I believe in luck. [Happy]

01-08

[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool]

01-07

[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool]

01-07

[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool]

01-06

[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool]

01-06

[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool]

01-06

I would recommend  $CapLand IntCom T(C38U.;SI) seeing some serious recovery for reits lately and it's a good time to get more before they return to their normal prices

01-05

[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool]

01-04

[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool]

01-03

[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool]

01-02

[Cool] [Cool] [Cool] [Cool] [Cool] [Cool]

01-01

[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool]

2023-12-31

[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool]

Go to Tiger App to see more news

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[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/260436072624264","isVote":1,"tweetType":1,"viewCount":361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":260435319304208,"gmtCreate":1704593354307,"gmtModify":1704593358666,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","listText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","text":"[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/260435319304208","isVote":1,"tweetType":1,"viewCount":566,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":260231785255048,"gmtCreate":1704543500317,"gmtModify":1704543504507,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","listText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","text":"[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/260231785255048","isVote":1,"tweetType":1,"viewCount":354,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":260231159845048,"gmtCreate":1704543481339,"gmtModify":1704543485324,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","listText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","text":"[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/260231159845048","isVote":1,"tweetType":1,"viewCount":265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":260231405215960,"gmtCreate":1704543421840,"gmtModify":1704543679710,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"I would recommend&amp;nbsp; $CapLand IntCom T(C38U.;SI) seeing some serious recovery for reits lately and it's a good time to get more before they return to their normal prices","listText":"I would recommend&amp;nbsp; $CapLand IntCom T(C38U.;SI) seeing some serious recovery for reits lately and it's a good time to get more before they return to their normal prices","text":"I would recommend&nbsp; $CapLand IntCom T(C38U.;SI) seeing some serious recovery for reits lately and it's a good time to get more before they return to their normal prices","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/260231405215960","isVote":1,"tweetType":1,"viewCount":492,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":259924283494648,"gmtCreate":1704468592656,"gmtModify":1704468596958,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","listText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","text":"[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/259924283494648","isVote":1,"tweetType":1,"viewCount":285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":259434745516088,"gmtCreate":1704348907378,"gmtModify":1704348911866,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","listText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","text":"[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/259434745516088","isVote":1,"tweetType":1,"viewCount":272,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":259213004902568,"gmtCreate":1704297018204,"gmtModify":1704297022701,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","listText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","text":"[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/259213004902568","isVote":1,"tweetType":1,"viewCount":49,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":258767337009248,"gmtCreate":1704209515241,"gmtModify":1704209521571,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","listText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","text":"[Cool] [Cool] [Cool] [Cool] [Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/258767337009248","isVote":1,"tweetType":1,"viewCount":224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":258242459857152,"gmtCreate":1704081523823,"gmtModify":1704081527840,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","listText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","text":"[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/258242459857152","isVote":1,"tweetType":1,"viewCount":359,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":257951683551432,"gmtCreate":1704010479899,"gmtModify":1704010483819,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","listText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","text":"[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/257951683551432","isVote":1,"tweetType":1,"viewCount":84,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9942299817,"gmtCreate":1681225309639,"gmtModify":1681225314562,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"k//<a href=\"https://laohu8.com/U/4093674933944970\">@Desna10</a>:ok//<a href=\"https://laohu8.com/U/4093776633978450\">@Skrain</a>:liket//<a href=\"https://laohu8.com/U/4093059407761700\">@Dalang</a>:great//<a href=\"https://laohu8.com/U/3583640156212911\">@vodkalime</a>: Travel stocks can be on rebound as more cities have lifted off covid measures. I bet travel insurance will also increase in sales but this year have too much water elements, insurance payout will be plenty. Services will see a reverse and I am focus on such sector. Hope every have a good run.&nbsp;[Call]&nbsp;[Claw]&nbsp;","listText":"k//<a href=\"https://laohu8.com/U/4093674933944970\">@Desna10</a>:ok//<a href=\"https://laohu8.com/U/4093776633978450\">@Skrain</a>:liket//<a href=\"https://laohu8.com/U/4093059407761700\">@Dalang</a>:great//<a href=\"https://laohu8.com/U/3583640156212911\">@vodkalime</a>: Travel stocks can be on rebound as more cities have lifted off covid measures. I bet travel insurance will also increase in sales but this year have too much water elements, insurance payout will be plenty. Services will see a reverse and I am focus on such sector. Hope every have a good run.&nbsp;[Call]&nbsp;[Claw]&nbsp;","text":"k//@Desna10:ok//@Skrain:liket//@Dalang:great//@vodkalime: Travel stocks can be on rebound as more cities have lifted off covid measures. I bet travel insurance will also increase in sales but this year have too much water elements, insurance payout will be plenty. Services will see a reverse and I am focus on such sector. Hope every have a good run. [Call] [Claw]","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":40,"commentSize":36,"repostSize":0,"link":"https://ttm.financial/post/9942299817","repostId":"9942646333","repostType":1,"repost":{"id":9942646333,"gmtCreate":1681220745723,"gmtModify":1681221514375,"author":{"id":"4098098188330620","authorId":"4098098188330620","name":"MojoStellar","avatar":"https://static.tigerbbs.com/9e757a91c3f486e5fb2bd8b91f998420","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4098098188330620","authorIdStr":"4098098188330620"},"themes":[],"title":"Delta Airline DAL 1Q 23 Results","htmlText":"This is my first attempt to write a stock review to find a stock to add into my portfolio. Hope you all will like it. FIRST AND FOREMOST, PLEASE READ the DISCLAIMER BELOW. Disclaimer This article is not a stock advise to buy or sell a stock. This is solely for the education purpose. I do not own any DAL shares, affiliate with DAL or has professional qualifications on stock and share at the point of writing this article. Please do your due diligence and seek professional advise before you buy or sell this stock. DAL Daily Chart from Dec 22 to Apr 23 with Stoch RSI (Plot using Tradingview) Over the weekend, I attended an investment class and is using of one of the indicator to find a stock to buy for my portfolio. Today I will share my research on&nbsp;<a href=\"https://ttm.financial/S/DAL\">$</a>","listText":"This is my first attempt to write a stock review to find a stock to add into my portfolio. Hope you all will like it. FIRST AND FOREMOST, PLEASE READ the DISCLAIMER BELOW. Disclaimer This article is not a stock advise to buy or sell a stock. This is solely for the education purpose. I do not own any DAL shares, affiliate with DAL or has professional qualifications on stock and share at the point of writing this article. Please do your due diligence and seek professional advise before you buy or sell this stock. DAL Daily Chart from Dec 22 to Apr 23 with Stoch RSI (Plot using Tradingview) Over the weekend, I attended an investment class and is using of one of the indicator to find a stock to buy for my portfolio. Today I will share my research on&nbsp;<a href=\"https://ttm.financial/S/DAL\">$</a>","text":"This is my first attempt to write a stock review to find a stock to add into my portfolio. Hope you all will like it. FIRST AND FOREMOST, PLEASE READ the DISCLAIMER BELOW. Disclaimer This article is not a stock advise to buy or sell a stock. This is solely for the education purpose. I do not own any DAL shares, affiliate with DAL or has professional qualifications on stock and share at the point of writing this article. Please do your due diligence and seek professional advise before you buy or sell this stock. DAL Daily Chart from Dec 22 to Apr 23 with Stoch RSI (Plot using Tradingview) Over the weekend, I attended an investment class and is using of one of the indicator to find a stock to buy for my portfolio. Today I will share my research on $","images":[{"img":"https://community-static.tradeup.com/news/9c790e5bdea762631c54784ca0d2b7e1","width":"1154","height":"539"},{"img":"https://community-static.tradeup.com/news/d2b9ef8f3ce2ff675520d5122b81ee0e","width":"1490","height":"318"},{"img":"https://community-static.tradeup.com/news/9b24031370e93de57a0996e213e7b5a6","width":"996","height":"361"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942646333","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":692,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3586929212865391","authorId":"3586929212865391","name":"88wlam88","avatar":"https://static.tigerbbs.com/03274a8a4d06a0b0eddbed7b748a1e9d","crmLevel":2,"crmLevelSwitch":1,"idStr":"3586929212865391","authorIdStr":"3586929212865391"},"content":"Great potential to be part of the reopening stock","text":"Great potential to be part of the reopening stock","html":"Great potential to be part of the reopening stock"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9969335154,"gmtCreate":1668349890978,"gmtModify":1676538043797,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/9969335154","repostId":"1190456060","repostType":4,"repost":{"id":"1190456060","kind":"news","pubTimestamp":1668302284,"share":"https://ttm.financial/m/news/1190456060?lang=&edition=fundamental","pubTime":"2022-11-13 09:18","market":"us","language":"en","title":"SPY: Bear Market Rally Or A Major Bottom?","url":"https://stock-news.laohu8.com/highlight/detail?id=1190456060","media":"Seeking Alpha","summary":"SummaryLarge 1-day rallies are usually associated with the bear market rallies.Major bottoms require a policy change.The Fed is still in inflation-fighting mode.gonin/iStock via Getty ImagesThe top 20: daily returns for S&P500The SPDR S&P 500 Trust ETF  that tracks the S&P500 soared by 5.5% Thursday  - and almost broke into the top 20 daily S&P500 returns in history - since the 1920s. So, what doesit mean?","content":"<html><head></head><body><h2>Summary</h2><ul><li>Large 1-day rallies are usually associated with the bear market rallies.</li><li>Major bottoms require a policy change.</li><li>The Fed is still in inflation-fighting mode.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c5d234d2c3a6fdd66410e8c4fdc86a25\" tg-width=\"1080\" tg-height=\"608\" referrerpolicy=\"no-referrer\"/><span>gonin/iStock via Getty Images</span></p><h2>The top 20: daily returns for S&amp;P500</h2><p>The SPDR S&amp;P 500 Trust ETF (NYSEARCA:SPY) that tracks the S&amp;P500 soared by 5.5% Thursday (11/10/2022) - and almost broke into the top 20 daily S&amp;P500 returns in history - since the 1920s. So, what doesit mean? Is this just a bear market rally, or a signal of the major bottom. Let&#39;s first evaluate the top 20 list of the daily rates of return for the S&amp;P500:</p><p><img src=\"https://static.tigerbbs.com/9a00554a6ad210b0ab26216de0667def\" tg-width=\"927\" tg-height=\"1314\" referrerpolicy=\"no-referrer\"/></p><p>As you can see from the list above,</p><ul><li>12 out 20 top daily returns were the bear market rallies, and 8 out of these 12 were during the 1929-1932 bear market and the Great Depression.</li><li>8 out of 20 were the near-bottoms, bottoms, or after-bottoms, and 6 of these 8 were during the bottom associated with the 1932 Great Depression bottom.</li><li>2 out of 8 bottoms were associated with the bottoms of the sharp corrections, the 1987 and the 2020 bottom. The 1987 correction was not associated with a recession, and it is generally considered as a technical in nature. The 2020 bottom was associated with the extraordinary events related to covid19 and the monetary and fiscal covid stimuli.</li></ul><p>Based on the historical evidence, the 5.6% daily spike in S&amp;P500 (SPX) is either a signal of a major bottom or just another bear market rally.</p><h2>The major bottom thesis</h2><p>The major bottom thesis requires an actual bear market capitulation, such as the 1932 bottom, the 2003 bottom or 2009 bottom. In each of these cases, there was a clear policy response to stimulate the economy, both monetary and fiscal.</p><p>The 11/10/22 daily spike was in response to the positive surprise in the CPI inflation, which raised the hope of the Fed pivot - or a less aggressive monetary policy tightening.</p><p>As I previously explained, the full bear market has3 stages:1) the liquidity selloff in response to the Fed&#39;s monetary policy tightening, 2) the recessionary selloff caused by the Fed&#39;s tightening, and 3) the credit crunch (or a financial crisis) triggered by the deep recession.</p><p>The bullish case assumes that the current bear market ended with the Phase 1 - or with the peak Fed hawkishness. It&#39;s true, we are likely past the peak inflation, and thus the peak hawkishness.</p><p>However, the question is whether there is a Phase 2 coming - or a recessionary selloff, and whether &#34;something will break&#34; during the process and cause the Phase 3 and the credit crunch.</p><h2>The recessionary selloff</h2><p>The S&amp;P500 PE ratio after the 11/10 spike is 20.58. The market is still overvalued and not priced for a recession.</p><p>Is the recession coming? The spread between the 10Y Treasury Bond yield and the 3-Month Treasury Bill yield is the most reliable and the Fed-favored recession indicator, and once it inverts, the recession becomes almost a certainty.</p><p>Currently, the 10y-3mo spread is deeply inverted at -0.46%. Here is the chart:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/70ef81e28bf62d769ca5f75f29feb339\" tg-width=\"640\" tg-height=\"237\" referrerpolicy=\"no-referrer\"/><span>FRED</span></p><p>Based on yield curve spread indicator, the recession is coming, and the market is not priced for it - based on the PE ratio of over 20. Thus, the current bear market has not bottomed yet, and the next Phase of the bear market is coming.</p><h2>Why is the 10Y-3mo curve inverted? Why is this signaling a recession?</h2><p>The 10Y-3mo spread is inverted because the Fed is hiking the short-term interest rates above the long-term interest rates. Why? To cause a recession to bring the inflation down.</p><p>The market hopes that the Fed will slow down with the interest rates hikes, because the inflation has peaked. Too late. The damage has been done. The Fed could even stop after the December 50bpt hike, the 10y-3mo spread has already inverted.</p><p>But don&#39;t count on the Fed to pause yet. If the core CPI printed today 4.3% (instead of actual 6.3%), and that was expected to persist, the Fed would still have to further hike. The target is 2% inflation.</p><p>But don&#39;t expect inflation to sharply fall either - without a deep recession. The economic war with China is still active, and it&#39;s more likely to escalate. This is inflationary. The war in Ukraine is still active and it&#39;s more likely to escalate. This is also inflationary. The unemployment rate in the US is still near record lows, and this is inflationary. The only thing the Fed can influence is the US unemployment rate - by inducing a recession.</p><h2>It&#39;s a bear market rally</h2><p>We are not at a major bottom; we are possibly in-between the Phase 1 selloff and a Phase 2 recessionary selloff. There are already signs of &#34;things breaking&#34; like the cryptocurrencies, which could lead to the Phase 3 selloff.</p><p>Bear market rallies happen during the &#34;in-between periods&#34;, so this bear market rally could continue. The bottom will be in-place when the Fed wants to the bottom to be in place - this will be the pivot the bulls are waiting: the Fed slashing interest rates and resuming QE. I don&#39;t think anybody expects this over the near term. Don&#39;t fight the Fed. The bear market rally is the opportunity to sell or re-short.</p><h2>SPY sector analysis</h2><p>AllSPYsectors were up significantly on 11/10/2022, led by the beaten down technology sector (XLK), the interest rate sensitive real estate sector (XLRE) and the cyclical discretionary sector (XLY). These sectors should not lead pre-recession, while the Fed is trying to cool off economy.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d11bae7fc6e9bba3dee9e588bd902bb1\" tg-width=\"640\" tg-height=\"683\" referrerpolicy=\"no-referrer\"/><span>SelectSectorSPDR</span></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>SPY: Bear Market Rally Or A Major Bottom?</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\">\nSPY: Bear Market Rally Or A Major Bottom?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-13 09:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4556371-spy-bear-market-rally-or-a-major-bottom><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryLarge 1-day rallies are usually associated with the bear market rallies.Major bottoms require a policy change.The Fed is still in inflation-fighting mode.gonin/iStock via Getty ImagesThe top 20...</p>\n\n<a href=\"https://seekingalpha.com/article/4556371-spy-bear-market-rally-or-a-major-bottom\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/article/4556371-spy-bear-market-rally-or-a-major-bottom","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190456060","content_text":"SummaryLarge 1-day rallies are usually associated with the bear market rallies.Major bottoms require a policy change.The Fed is still in inflation-fighting mode.gonin/iStock via Getty ImagesThe top 20: daily returns for S&P500The SPDR S&P 500 Trust ETF (NYSEARCA:SPY) that tracks the S&P500 soared by 5.5% Thursday (11/10/2022) - and almost broke into the top 20 daily S&P500 returns in history - since the 1920s. So, what doesit mean? Is this just a bear market rally, or a signal of the major bottom. Let's first evaluate the top 20 list of the daily rates of return for the S&P500:As you can see from the list above,12 out 20 top daily returns were the bear market rallies, and 8 out of these 12 were during the 1929-1932 bear market and the Great Depression.8 out of 20 were the near-bottoms, bottoms, or after-bottoms, and 6 of these 8 were during the bottom associated with the 1932 Great Depression bottom.2 out of 8 bottoms were associated with the bottoms of the sharp corrections, the 1987 and the 2020 bottom. The 1987 correction was not associated with a recession, and it is generally considered as a technical in nature. The 2020 bottom was associated with the extraordinary events related to covid19 and the monetary and fiscal covid stimuli.Based on the historical evidence, the 5.6% daily spike in S&P500 (SPX) is either a signal of a major bottom or just another bear market rally.The major bottom thesisThe major bottom thesis requires an actual bear market capitulation, such as the 1932 bottom, the 2003 bottom or 2009 bottom. In each of these cases, there was a clear policy response to stimulate the economy, both monetary and fiscal.The 11/10/22 daily spike was in response to the positive surprise in the CPI inflation, which raised the hope of the Fed pivot - or a less aggressive monetary policy tightening.As I previously explained, the full bear market has3 stages:1) the liquidity selloff in response to the Fed's monetary policy tightening, 2) the recessionary selloff caused by the Fed's tightening, and 3) the credit crunch (or a financial crisis) triggered by the deep recession.The bullish case assumes that the current bear market ended with the Phase 1 - or with the peak Fed hawkishness. It's true, we are likely past the peak inflation, and thus the peak hawkishness.However, the question is whether there is a Phase 2 coming - or a recessionary selloff, and whether \"something will break\" during the process and cause the Phase 3 and the credit crunch.The recessionary selloffThe S&P500 PE ratio after the 11/10 spike is 20.58. The market is still overvalued and not priced for a recession.Is the recession coming? The spread between the 10Y Treasury Bond yield and the 3-Month Treasury Bill yield is the most reliable and the Fed-favored recession indicator, and once it inverts, the recession becomes almost a certainty.Currently, the 10y-3mo spread is deeply inverted at -0.46%. Here is the chart:FREDBased on yield curve spread indicator, the recession is coming, and the market is not priced for it - based on the PE ratio of over 20. Thus, the current bear market has not bottomed yet, and the next Phase of the bear market is coming.Why is the 10Y-3mo curve inverted? Why is this signaling a recession?The 10Y-3mo spread is inverted because the Fed is hiking the short-term interest rates above the long-term interest rates. Why? To cause a recession to bring the inflation down.The market hopes that the Fed will slow down with the interest rates hikes, because the inflation has peaked. Too late. The damage has been done. The Fed could even stop after the December 50bpt hike, the 10y-3mo spread has already inverted.But don't count on the Fed to pause yet. If the core CPI printed today 4.3% (instead of actual 6.3%), and that was expected to persist, the Fed would still have to further hike. The target is 2% inflation.But don't expect inflation to sharply fall either - without a deep recession. The economic war with China is still active, and it's more likely to escalate. This is inflationary. The war in Ukraine is still active and it's more likely to escalate. This is also inflationary. The unemployment rate in the US is still near record lows, and this is inflationary. The only thing the Fed can influence is the US unemployment rate - by inducing a recession.It's a bear market rallyWe are not at a major bottom; we are possibly in-between the Phase 1 selloff and a Phase 2 recessionary selloff. There are already signs of \"things breaking\" like the cryptocurrencies, which could lead to the Phase 3 selloff.Bear market rallies happen during the \"in-between periods\", so this bear market rally could continue. The bottom will be in-place when the Fed wants to the bottom to be in place - this will be the pivot the bulls are waiting: the Fed slashing interest rates and resuming QE. I don't think anybody expects this over the near term. Don't fight the Fed. The bear market rally is the opportunity to sell or re-short.SPY sector analysisAllSPYsectors were up significantly on 11/10/2022, led by the beaten down technology sector (XLK), the interest rate sensitive real estate sector (XLRE) and the cyclical discretionary sector (XLY). These sectors should not lead pre-recession, while the Fed is trying to cool off economy.SelectSectorSPDR","news_type":1},"isVote":1,"tweetType":1,"viewCount":305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9024474177,"gmtCreate":1653917739799,"gmtModify":1676535362293,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9024474177","repostId":"2238520329","repostType":4,"repost":{"id":"2238520329","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1653912407,"share":"https://ttm.financial/m/news/2238520329?lang=&edition=fundamental","pubTime":"2022-05-30 20:06","market":"us","language":"en","title":"Web3 Was Supposed to Save the Internet. It Has a Long Way to Go","url":"https://stock-news.laohu8.com/highlight/detail?id=2238520329","media":"Dow Jones","summary":"Early this year when anything still seemed possible for technology companies, futurists and venture ","content":"<html><head></head><body><p>Early this year when anything still seemed possible for technology companies, futurists and venture capitalists were enthralled with the idea of building a new internet. Web3, as it became known, was poised to recapture the 1990s promise of a decentralized internet, free from gatekeepers and trillion-dollar platforms.</p><p>Cryptocurrencies had the starring role in the Web3 dream. Crypto, in theory, could wrest control from giants like <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> (ticker: FB), Alphabet <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a>, Amazon.com <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, and Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a>. It would shift our online activities to blockchains -- handling everything from payments and trading to videogaming, social media, even real estate. It could also shift the economics to users, giving them financial incentives to govern and secure the networks.</p><p>A record $25 billion was plowed into crypto start-ups last year, with another $30 billion on track for this year, according to Bank of America. Even the recent downturn in crypto doesn&#39;t seem to have chilled new investment. This past week, venture-capital firm a16z announced a new crypto fund totaling $4.5 billion.</p><p>&#34;We think we are now entering the golden era of web3,&#34; a16z partner Chris Dixon wrote in announcing the investment.</p><p>And yet Web3 remains a heavy lift -- it&#39;s full of contradictions, glitchy technology, regulatory uncertainty, and competing economic interests. There&#39;s debate over who will &#34;own&#34; it -- companies backed by Silicon Valley venture capital, or the users themselves. And the crypto markets&#39; downturn -- wiping out more than $1 trillion in value for tokens this year -- makes a blockchain-based web even harder to fathom.</p><p>In the near term, Web3 may be a casualty of a tech backlash that has sent the Nasdaq Composite index down more than 25% this year. Crypto-related stocks have tanked, including Coinbase Global <a href=\"https://laohu8.com/S/COIN\">$(COIN)$</a> and Microstrategy <a href=\"https://laohu8.com/S/MSTR\">$(MSTR)$</a>, and payment apps <a href=\"https://laohu8.com/S/SQ\">Block</a> (SQ) and <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings (PYPL). Among crypto start-ups, investment is harder to come by, and valuations are falling. <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> forecasts that failure rates will rise.</p><p>Crypto fans talking up Web3 as a revolution face pushback from critics who see it as a marketing gimmick. In the end, Web3 is likely to fall somewhere in between.</p><p>&#34;We may have to go through <a href=\"https://laohu8.com/S/AONE.U\">one</a> or two hype cycles before the most important elements of the technology break through,&#34; says Gavin Wood, a co-founder of the Ethereum blockchain and head of another blockchain enterprise called Polkadot. As he sees it, Web3 today is where the internet was in 1998 -- early in its adoption but with vast potential and boom-bust cycles ahead.</p><p>&#34;Web3 is the next generation of the internet with capabilities that go well beyond what we have today,&#34; says Mark Palmer, a digital-asset analyst at brokerage BTIG. &#34;But the citizenry is not rising up to overthrow Web2.&#34;</p><p>Understanding Web3 requires a dip in the hot-tub time machine. Web1, the first generation from the 1990s, was based on static pages and directories that served as the first internet indexes. Web1&#39;s dial-up services, browsers, and banner ads evolved into the more modern internet, which came to be known as Web2. Companies like Amazon, Meta, Alphabet, Apple, and Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> now oversee the core of our web experiences. Walled gardens like Instagram, YouTube, and Apple&#39;s App Store prevail. Digital assets like videogame avatars and social-media followings sit on platforms owned by the giants.</p><p>In some ways, Web3 aims to turn back the clock, cutting out the intermediaries and dispersing apps, services, and digital assets on decentralized networks like Ethereum and other blockchains. Today, those networks are primarily used for trading and lending crypto assets, including new varieties like nonfungible tokens, or NFTs, and stablecoins, which are designed to maintain a fixed value.</p><p>But all sorts of other financial products and services could live on blockchains, potentially reducing the economic friction now associated with cross-border payments and transaction fees for goods and services. &#34;Blockchains have the potential to clear and settle transactions in a much more efficient way than traditional technology,&#34; says Sarah Hammer, an adjunct professor at the University of Pennsylvania Law School who specializes in crypto.</p><p>One example of Web3 already in practice is Filecoin, a crypto-powered storage network. Rather than storing files on cloud-based servers -- where they are ultimately controlled by a handful of big-tech operators -- they can be distributed and encrypted on personal hard drives with spare capacity. Testimonies of Holocaust and other genocide survivors are being preserved through Filecoin.</p><p>&#34;It&#39;s like Airbnb for file storage,&#34; says Marta Belcher, president and chair of the Filecoin Foundation. &#34;If you have extra space on your hard drive, you can rent it out. We think of it as the foundation for the next generation of the internet.&#34;</p><p>Filecoin may just scratch the surface of decentralized technologies. Projects like Helium aim to challenge telecom networks by distributing long-range Wi-Fi hot spots to individuals, giving financial incentives and payments for data traffic in tokens. NFTs allow for property rights, licensing agreements, and royalties to be traced and tracked. That opens up avenues for NFTs to become conduits for things like mortgages, car ownership titles, diplomas, and concert tickets. &#34;There&#39;s an infinite number of things you can do with a computer, and that&#39;s equivalent to what you can do with an NFT,&#34; says Gui Karyo, chief information officer of Dapper Labs, a leading NFT company.</p><p>Ideally, Web3 advocates say, the technology will lay the foundations for a more egalitarian web where the &#34;rents&#34; now charged by intermediaries will be more widely distributed. &#34;We should be moving to an internet where your digital property rights are genuine -- you&#39;re not a serf on Jack Dorsey&#39;s or Mark Zuckerberg&#39;s plantation; you own your homestead,&#34; says Nic Carter, a venture-capital investor in Web3 start-ups at Castle Island Ventures.</p><p>Silicon Valley&#39;s biggest and most successful venture-capital firms are investing heavily. &#34;Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users,&#34; a16z&#39;s Dixon said in a post this past week. Tokens also give users &#34;property rights: the ability to own a piece of the internet,&#34; he said in an previous post on Web3.</p><p>Web3 overlaps with the metaverse, another of tech&#39;s hottest topics before the recent selloff. The metaverse foresees a new internet based on virtual realities, online avatars, and new ways for people to socialize and work.</p><p>Facebook rebranded itself as Meta Platforms, betting that its Instagram, Facebook, and WhatsApp could become Web2 relics without help from blockchains, cryptos, and NFTs, which could grant consumers more control of their digital lives. Meta is now working on incorporating NFTs into Instagram. The currencies of digital worlds, whether for gaming, social, or e-commerce, are likely to be stablecoins -- digital tokens aimed at holding a peg to a dollar.</p><p>Yet Facebook&#39;s move is a reminder that the Web2 giants aren&#39;t sitting still. In the end, Web3 is unlikely to displace them. Indeed, there&#39;s good reason to think Web3 won&#39;t be all that decentralized. For one, it&#39;s being funded by many of the same entities that built Web2.</p><p>A16z, formally called Andreessen Horowitz, was an early investor in many Web2 stalwarts, including Facebook, Box, Lyft, and Pinterest.</p><p>Now, the firm owns stakes in dozens of crypto start-ups, including OpenSea and Dapper Labs, along with decentralized-finance, or DeFi, platforms including Ava Labs, Uniswap Labs, dYdX, and Compound. These DeFi platforms consist of &#34;smart contracts&#34; that set the conditions of a trade, cutting out intermediaries like a brokerage or centralized exchange.</p><p>VC firms aren&#39;t making investments based on sheer goodwill. They expect returns on capital and are likely to maintain stakes through token ownership or warrants. The platforms themselves may be decentralized, in the sense that anyone with some technical skills can write a &#34;permissionless&#34; smart contract and execute a trade without a broker/dealer. But that doesn&#39;t mean the platform isn&#39;t owned or governed by a corporate entity.</p><p>That rubs some tech gurus the wrong way. <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> co-founder Jack Dorsey stirred up an online frenzy last December when he tweeted, &#34;You don&#39;t own &#39;web3.&#39; The VCs and their LPs do,&#34; referring to venture-capital firms and their investors known as limited partners. &#34;It&#39;s ultimately a centralized entity with a different label.&#34;</p><p>Representatives for Dorsey and a16z declined to comment.</p><p>Crypto is proving enticing to VC firms partly because of the attractive &#34;tokenomics.&#34; For a traditional VC deal, the path from initial funding to exit usually takes five to seven years. In crypto, that timeline can be compressed to just two years, with VCs exiting their investment when a token goes live on an exchange or takes off on a DeFi platform.</p><p>&#34;You have a very short time to liquidity -- often it&#39;s like 24 months -- so even if the business doesn&#39;t pan out, you can still exit,&#34; says Carter. &#34;That&#39;s why crypto is so popular with VCs; even your losers can get liquidity, and you can exit before a product comes out.&#34;</p><p>The nebulous nature of Web3 is also alluring for early backers. &#34;There&#39;s no definition, and that&#39;s deliberate,&#34; says Carter, who backs crypto start-ups. &#34;If something is poorly defined, as an entrepreneur you can claim you&#39;re building it even if you&#39;re not. The lack of codification works to the benefit of people in the industry.&#34;</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>Web3 Was Supposed to Save the Internet. It Has a Long Way to Go</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\">\nWeb3 Was Supposed to Save the Internet. It Has a Long Way to Go\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-05-30 20:06</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Early this year when anything still seemed possible for technology companies, futurists and venture capitalists were enthralled with the idea of building a new internet. Web3, as it became known, was poised to recapture the 1990s promise of a decentralized internet, free from gatekeepers and trillion-dollar platforms.</p><p>Cryptocurrencies had the starring role in the Web3 dream. Crypto, in theory, could wrest control from giants like <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a> (ticker: FB), Alphabet <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a>, Amazon.com <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, and Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a>. It would shift our online activities to blockchains -- handling everything from payments and trading to videogaming, social media, even real estate. It could also shift the economics to users, giving them financial incentives to govern and secure the networks.</p><p>A record $25 billion was plowed into crypto start-ups last year, with another $30 billion on track for this year, according to Bank of America. Even the recent downturn in crypto doesn&#39;t seem to have chilled new investment. This past week, venture-capital firm a16z announced a new crypto fund totaling $4.5 billion.</p><p>&#34;We think we are now entering the golden era of web3,&#34; a16z partner Chris Dixon wrote in announcing the investment.</p><p>And yet Web3 remains a heavy lift -- it&#39;s full of contradictions, glitchy technology, regulatory uncertainty, and competing economic interests. There&#39;s debate over who will &#34;own&#34; it -- companies backed by Silicon Valley venture capital, or the users themselves. And the crypto markets&#39; downturn -- wiping out more than $1 trillion in value for tokens this year -- makes a blockchain-based web even harder to fathom.</p><p>In the near term, Web3 may be a casualty of a tech backlash that has sent the Nasdaq Composite index down more than 25% this year. Crypto-related stocks have tanked, including Coinbase Global <a href=\"https://laohu8.com/S/COIN\">$(COIN)$</a> and Microstrategy <a href=\"https://laohu8.com/S/MSTR\">$(MSTR)$</a>, and payment apps <a href=\"https://laohu8.com/S/SQ\">Block</a> (SQ) and <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings (PYPL). Among crypto start-ups, investment is harder to come by, and valuations are falling. <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> forecasts that failure rates will rise.</p><p>Crypto fans talking up Web3 as a revolution face pushback from critics who see it as a marketing gimmick. In the end, Web3 is likely to fall somewhere in between.</p><p>&#34;We may have to go through <a href=\"https://laohu8.com/S/AONE.U\">one</a> or two hype cycles before the most important elements of the technology break through,&#34; says Gavin Wood, a co-founder of the Ethereum blockchain and head of another blockchain enterprise called Polkadot. As he sees it, Web3 today is where the internet was in 1998 -- early in its adoption but with vast potential and boom-bust cycles ahead.</p><p>&#34;Web3 is the next generation of the internet with capabilities that go well beyond what we have today,&#34; says Mark Palmer, a digital-asset analyst at brokerage BTIG. &#34;But the citizenry is not rising up to overthrow Web2.&#34;</p><p>Understanding Web3 requires a dip in the hot-tub time machine. Web1, the first generation from the 1990s, was based on static pages and directories that served as the first internet indexes. Web1&#39;s dial-up services, browsers, and banner ads evolved into the more modern internet, which came to be known as Web2. Companies like Amazon, Meta, Alphabet, Apple, and Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> now oversee the core of our web experiences. Walled gardens like Instagram, YouTube, and Apple&#39;s App Store prevail. Digital assets like videogame avatars and social-media followings sit on platforms owned by the giants.</p><p>In some ways, Web3 aims to turn back the clock, cutting out the intermediaries and dispersing apps, services, and digital assets on decentralized networks like Ethereum and other blockchains. Today, those networks are primarily used for trading and lending crypto assets, including new varieties like nonfungible tokens, or NFTs, and stablecoins, which are designed to maintain a fixed value.</p><p>But all sorts of other financial products and services could live on blockchains, potentially reducing the economic friction now associated with cross-border payments and transaction fees for goods and services. &#34;Blockchains have the potential to clear and settle transactions in a much more efficient way than traditional technology,&#34; says Sarah Hammer, an adjunct professor at the University of Pennsylvania Law School who specializes in crypto.</p><p>One example of Web3 already in practice is Filecoin, a crypto-powered storage network. Rather than storing files on cloud-based servers -- where they are ultimately controlled by a handful of big-tech operators -- they can be distributed and encrypted on personal hard drives with spare capacity. Testimonies of Holocaust and other genocide survivors are being preserved through Filecoin.</p><p>&#34;It&#39;s like Airbnb for file storage,&#34; says Marta Belcher, president and chair of the Filecoin Foundation. &#34;If you have extra space on your hard drive, you can rent it out. We think of it as the foundation for the next generation of the internet.&#34;</p><p>Filecoin may just scratch the surface of decentralized technologies. Projects like Helium aim to challenge telecom networks by distributing long-range Wi-Fi hot spots to individuals, giving financial incentives and payments for data traffic in tokens. NFTs allow for property rights, licensing agreements, and royalties to be traced and tracked. That opens up avenues for NFTs to become conduits for things like mortgages, car ownership titles, diplomas, and concert tickets. &#34;There&#39;s an infinite number of things you can do with a computer, and that&#39;s equivalent to what you can do with an NFT,&#34; says Gui Karyo, chief information officer of Dapper Labs, a leading NFT company.</p><p>Ideally, Web3 advocates say, the technology will lay the foundations for a more egalitarian web where the &#34;rents&#34; now charged by intermediaries will be more widely distributed. &#34;We should be moving to an internet where your digital property rights are genuine -- you&#39;re not a serf on Jack Dorsey&#39;s or Mark Zuckerberg&#39;s plantation; you own your homestead,&#34; says Nic Carter, a venture-capital investor in Web3 start-ups at Castle Island Ventures.</p><p>Silicon Valley&#39;s biggest and most successful venture-capital firms are investing heavily. &#34;Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users,&#34; a16z&#39;s Dixon said in a post this past week. Tokens also give users &#34;property rights: the ability to own a piece of the internet,&#34; he said in an previous post on Web3.</p><p>Web3 overlaps with the metaverse, another of tech&#39;s hottest topics before the recent selloff. The metaverse foresees a new internet based on virtual realities, online avatars, and new ways for people to socialize and work.</p><p>Facebook rebranded itself as Meta Platforms, betting that its Instagram, Facebook, and WhatsApp could become Web2 relics without help from blockchains, cryptos, and NFTs, which could grant consumers more control of their digital lives. Meta is now working on incorporating NFTs into Instagram. The currencies of digital worlds, whether for gaming, social, or e-commerce, are likely to be stablecoins -- digital tokens aimed at holding a peg to a dollar.</p><p>Yet Facebook&#39;s move is a reminder that the Web2 giants aren&#39;t sitting still. In the end, Web3 is unlikely to displace them. Indeed, there&#39;s good reason to think Web3 won&#39;t be all that decentralized. For one, it&#39;s being funded by many of the same entities that built Web2.</p><p>A16z, formally called Andreessen Horowitz, was an early investor in many Web2 stalwarts, including Facebook, Box, Lyft, and Pinterest.</p><p>Now, the firm owns stakes in dozens of crypto start-ups, including OpenSea and Dapper Labs, along with decentralized-finance, or DeFi, platforms including Ava Labs, Uniswap Labs, dYdX, and Compound. These DeFi platforms consist of &#34;smart contracts&#34; that set the conditions of a trade, cutting out intermediaries like a brokerage or centralized exchange.</p><p>VC firms aren&#39;t making investments based on sheer goodwill. They expect returns on capital and are likely to maintain stakes through token ownership or warrants. The platforms themselves may be decentralized, in the sense that anyone with some technical skills can write a &#34;permissionless&#34; smart contract and execute a trade without a broker/dealer. But that doesn&#39;t mean the platform isn&#39;t owned or governed by a corporate entity.</p><p>That rubs some tech gurus the wrong way. <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> co-founder Jack Dorsey stirred up an online frenzy last December when he tweeted, &#34;You don&#39;t own &#39;web3.&#39; The VCs and their LPs do,&#34; referring to venture-capital firms and their investors known as limited partners. &#34;It&#39;s ultimately a centralized entity with a different label.&#34;</p><p>Representatives for Dorsey and a16z declined to comment.</p><p>Crypto is proving enticing to VC firms partly because of the attractive &#34;tokenomics.&#34; For a traditional VC deal, the path from initial funding to exit usually takes five to seven years. In crypto, that timeline can be compressed to just two years, with VCs exiting their investment when a token goes live on an exchange or takes off on a DeFi platform.</p><p>&#34;You have a very short time to liquidity -- often it&#39;s like 24 months -- so even if the business doesn&#39;t pan out, you can still exit,&#34; says Carter. &#34;That&#39;s why crypto is so popular with VCs; even your losers can get liquidity, and you can exit before a product comes out.&#34;</p><p>The nebulous nature of Web3 is also alluring for early backers. &#34;There&#39;s no definition, and that&#39;s deliberate,&#34; says Carter, who backs crypto start-ups. &#34;If something is poorly defined, as an entrepreneur you can claim you&#39;re building it even if you&#39;re not. The lack of codification works to the benefit of people in the industry.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4573":"虚拟现实","BK4561":"索罗斯持仓","BK4505":"高瓴资本持仓","BK4097":"系统软件","BK4581":"高盛持仓","COIN":"Coinbase Global, Inc.","BK4504":"桥水持仓","BK4512":"苹果概念","PYPL":"PayPal","BK4112":"金融交易所和数据","BK4548":"巴美列捷福持仓","META":"Meta Platforms, Inc.","BK4514":"搜索引擎","MSTR":"MicroStrategy","BK4528":"SaaS概念","BK4539":"次新股","BK4516":"特朗普概念","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","BK4106":"数据处理与外包服务","BK4515":"5G概念","BK4553":"喜马拉雅资本持仓","GOOGL":"谷歌A","BK4567":"ESG概念","GOOG":"谷歌","BK4534":"瑞士信贷持仓","BK4571":"数字音乐概念","SQ":"Block","BK4507":"流媒体概念","BK4574":"无人驾驶","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4576":"AR","BK4525":"远程办公概念","BK4575":"芯片概念","BK4566":"资本集团","BK4524":"宅经济概念","BK4535":"淡马锡持仓","BK4508":"社交媒体","BK4538":"云计算","BK4559":"巴菲特持仓","BK4527":"明星科技股","BK4501":"段永平概念","BK4077":"互动媒体与服务","BK4550":"红杉资本持仓","BK4579":"人工智能","BK4503":"景林资产持仓","BK4122":"互联网与直销零售","MSFT":"微软","BK4551":"寇图资本持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2238520329","content_text":"Early this year when anything still seemed possible for technology companies, futurists and venture capitalists were enthralled with the idea of building a new internet. Web3, as it became known, was poised to recapture the 1990s promise of a decentralized internet, free from gatekeepers and trillion-dollar platforms.Cryptocurrencies had the starring role in the Web3 dream. Crypto, in theory, could wrest control from giants like Meta Platforms (ticker: FB), Alphabet $(GOOGL)$, Amazon.com $(AMZN)$, and Apple $(AAPL)$. It would shift our online activities to blockchains -- handling everything from payments and trading to videogaming, social media, even real estate. It could also shift the economics to users, giving them financial incentives to govern and secure the networks.A record $25 billion was plowed into crypto start-ups last year, with another $30 billion on track for this year, according to Bank of America. Even the recent downturn in crypto doesn't seem to have chilled new investment. This past week, venture-capital firm a16z announced a new crypto fund totaling $4.5 billion.\"We think we are now entering the golden era of web3,\" a16z partner Chris Dixon wrote in announcing the investment.And yet Web3 remains a heavy lift -- it's full of contradictions, glitchy technology, regulatory uncertainty, and competing economic interests. There's debate over who will \"own\" it -- companies backed by Silicon Valley venture capital, or the users themselves. And the crypto markets' downturn -- wiping out more than $1 trillion in value for tokens this year -- makes a blockchain-based web even harder to fathom.In the near term, Web3 may be a casualty of a tech backlash that has sent the Nasdaq Composite index down more than 25% this year. Crypto-related stocks have tanked, including Coinbase Global $(COIN)$ and Microstrategy $(MSTR)$, and payment apps Block (SQ) and PayPal Holdings (PYPL). Among crypto start-ups, investment is harder to come by, and valuations are falling. Morgan Stanley forecasts that failure rates will rise.Crypto fans talking up Web3 as a revolution face pushback from critics who see it as a marketing gimmick. In the end, Web3 is likely to fall somewhere in between.\"We may have to go through one or two hype cycles before the most important elements of the technology break through,\" says Gavin Wood, a co-founder of the Ethereum blockchain and head of another blockchain enterprise called Polkadot. As he sees it, Web3 today is where the internet was in 1998 -- early in its adoption but with vast potential and boom-bust cycles ahead.\"Web3 is the next generation of the internet with capabilities that go well beyond what we have today,\" says Mark Palmer, a digital-asset analyst at brokerage BTIG. \"But the citizenry is not rising up to overthrow Web2.\"Understanding Web3 requires a dip in the hot-tub time machine. Web1, the first generation from the 1990s, was based on static pages and directories that served as the first internet indexes. Web1's dial-up services, browsers, and banner ads evolved into the more modern internet, which came to be known as Web2. Companies like Amazon, Meta, Alphabet, Apple, and Microsoft $(MSFT)$ now oversee the core of our web experiences. Walled gardens like Instagram, YouTube, and Apple's App Store prevail. Digital assets like videogame avatars and social-media followings sit on platforms owned by the giants.In some ways, Web3 aims to turn back the clock, cutting out the intermediaries and dispersing apps, services, and digital assets on decentralized networks like Ethereum and other blockchains. Today, those networks are primarily used for trading and lending crypto assets, including new varieties like nonfungible tokens, or NFTs, and stablecoins, which are designed to maintain a fixed value.But all sorts of other financial products and services could live on blockchains, potentially reducing the economic friction now associated with cross-border payments and transaction fees for goods and services. \"Blockchains have the potential to clear and settle transactions in a much more efficient way than traditional technology,\" says Sarah Hammer, an adjunct professor at the University of Pennsylvania Law School who specializes in crypto.One example of Web3 already in practice is Filecoin, a crypto-powered storage network. Rather than storing files on cloud-based servers -- where they are ultimately controlled by a handful of big-tech operators -- they can be distributed and encrypted on personal hard drives with spare capacity. Testimonies of Holocaust and other genocide survivors are being preserved through Filecoin.\"It's like Airbnb for file storage,\" says Marta Belcher, president and chair of the Filecoin Foundation. \"If you have extra space on your hard drive, you can rent it out. We think of it as the foundation for the next generation of the internet.\"Filecoin may just scratch the surface of decentralized technologies. Projects like Helium aim to challenge telecom networks by distributing long-range Wi-Fi hot spots to individuals, giving financial incentives and payments for data traffic in tokens. NFTs allow for property rights, licensing agreements, and royalties to be traced and tracked. That opens up avenues for NFTs to become conduits for things like mortgages, car ownership titles, diplomas, and concert tickets. \"There's an infinite number of things you can do with a computer, and that's equivalent to what you can do with an NFT,\" says Gui Karyo, chief information officer of Dapper Labs, a leading NFT company.Ideally, Web3 advocates say, the technology will lay the foundations for a more egalitarian web where the \"rents\" now charged by intermediaries will be more widely distributed. \"We should be moving to an internet where your digital property rights are genuine -- you're not a serf on Jack Dorsey's or Mark Zuckerberg's plantation; you own your homestead,\" says Nic Carter, a venture-capital investor in Web3 start-ups at Castle Island Ventures.Silicon Valley's biggest and most successful venture-capital firms are investing heavily. \"Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users,\" a16z's Dixon said in a post this past week. Tokens also give users \"property rights: the ability to own a piece of the internet,\" he said in an previous post on Web3.Web3 overlaps with the metaverse, another of tech's hottest topics before the recent selloff. The metaverse foresees a new internet based on virtual realities, online avatars, and new ways for people to socialize and work.Facebook rebranded itself as Meta Platforms, betting that its Instagram, Facebook, and WhatsApp could become Web2 relics without help from blockchains, cryptos, and NFTs, which could grant consumers more control of their digital lives. Meta is now working on incorporating NFTs into Instagram. The currencies of digital worlds, whether for gaming, social, or e-commerce, are likely to be stablecoins -- digital tokens aimed at holding a peg to a dollar.Yet Facebook's move is a reminder that the Web2 giants aren't sitting still. In the end, Web3 is unlikely to displace them. Indeed, there's good reason to think Web3 won't be all that decentralized. For one, it's being funded by many of the same entities that built Web2.A16z, formally called Andreessen Horowitz, was an early investor in many Web2 stalwarts, including Facebook, Box, Lyft, and Pinterest.Now, the firm owns stakes in dozens of crypto start-ups, including OpenSea and Dapper Labs, along with decentralized-finance, or DeFi, platforms including Ava Labs, Uniswap Labs, dYdX, and Compound. These DeFi platforms consist of \"smart contracts\" that set the conditions of a trade, cutting out intermediaries like a brokerage or centralized exchange.VC firms aren't making investments based on sheer goodwill. They expect returns on capital and are likely to maintain stakes through token ownership or warrants. The platforms themselves may be decentralized, in the sense that anyone with some technical skills can write a \"permissionless\" smart contract and execute a trade without a broker/dealer. But that doesn't mean the platform isn't owned or governed by a corporate entity.That rubs some tech gurus the wrong way. Twitter co-founder Jack Dorsey stirred up an online frenzy last December when he tweeted, \"You don't own 'web3.' The VCs and their LPs do,\" referring to venture-capital firms and their investors known as limited partners. \"It's ultimately a centralized entity with a different label.\"Representatives for Dorsey and a16z declined to comment.Crypto is proving enticing to VC firms partly because of the attractive \"tokenomics.\" For a traditional VC deal, the path from initial funding to exit usually takes five to seven years. In crypto, that timeline can be compressed to just two years, with VCs exiting their investment when a token goes live on an exchange or takes off on a DeFi platform.\"You have a very short time to liquidity -- often it's like 24 months -- so even if the business doesn't pan out, you can still exit,\" says Carter. \"That's why crypto is so popular with VCs; even your losers can get liquidity, and you can exit before a product comes out.\"The nebulous nature of Web3 is also alluring for early backers. \"There's no definition, and that's deliberate,\" says Carter, who backs crypto start-ups. \"If something is poorly defined, as an entrepreneur you can claim you're building it even if you're not. The lack of codification works to the benefit of people in the industry.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":157,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9985388754,"gmtCreate":1667315003778,"gmtModify":1676537896897,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9985388754","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":258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9088460267,"gmtCreate":1650376430293,"gmtModify":1676534708414,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088460267","repostId":"1118609787","repostType":4,"repost":{"id":"1118609787","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":1650375050,"share":"https://ttm.financial/m/news/1118609787?lang=&edition=fundamental","pubTime":"2022-04-19 21:30","market":"us","language":"en","title":"U.S. Stocks Open Little Changed As Investors Digest Latest Batch of Corporate Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=1118609787","media":"Tiger Newspress","summary":"Stock futures were little changed early Tuesday morning as traders navigated one of the busiest week","content":"<html><head></head><body><p>Stock futures were little changed early Tuesday morning as traders navigated one of the busiest weeks of corporate earnings season.</p><p>Futures tied to the Dow Jones Industrial Average inched 2 points, or 0.01%, lower. Those for the S&amp;P 500 slipped by 0.04%. Nasdaq 100 futures were lower by 0.04%.</p><p>The move in futures comes after aslightly down day for stockson Monday. The Dow and Nasdaq Composite each dipped 0.1%, while the S&amp;P 500 inched lower by 0.02%.</p><p>The major indexes have been grinding lower as the first-quarter earnings season heats up.</p><p>Johnson &amp; Johnsonreported mixed quarterly resultson Tuesday, with its earnings per share topping earnings expectations while revenue missed analyst estimates. The pharmaceutical company also lowered its earnings guidance for 2022. Its shares dipped slightly in premarket trading.</p><p>Hasbro shares fell nearly 2% premarket after the toy company posted a weaker-than-expected profit for the previous quarter, while its revenue was in line with estimates.</p><p>Travelers Companies was slightly higher in early trading after the company beat estimates on the top and bottom lines for its latest quarter and announced a 5.7% dividend increase.</p><p>Lockheed Martin shares lost more than 2% premarket after the security and aerospace company reported an earnings beat and a revenue miss for the most recent quarter.</p><p>Netflix and IBM are scheduled to post their numbers after the bell Tuesday.</p><p>With inflation and the Federal Reserve’s next steps a key debate in markets, investors are watching for insight into how supply chains and consumer demand are performing for major companies.</p><p>“Profit margins are expected to remain elevated; however, inflation is expected to trim margins from the all-time highs seen in 2021. Only the energy and utility sectors are reflecting a year-to-date uptick in margin growth expectations,” Keith Lerner, co-CIO of Truist Advisory Services, said in a note to clients.</p><p>Expectations for Fed hikes have risen sharply in recent months, though the central bank has said it will be data dependent in deciding how it will hike rates throughout the year.</p><p>“Can the Fed raising rates actually solve some of the shortages we have with labor, with semiconductors, with wheat? Probably not. So maybe they’re going to act a little bit less aggressively in the end than some people think,” said Adam Parker of Trivariate Research on “Closing Bell: Overtime.”</p><p>The concern about the Fed’s next steps have caused high volatility in the bond market as well, which appears to have weighed on stocks in recent weeks. On Tuesday, the 10-year Treasury yield hit its highest level in three years, reaching 2.91%.</p><p>St. Louis Fed president James Bullard told CNBC’s Steve Liesman on Monday that “quite a bit has been priced in” in terms of Fed actions.</p><p>On the data front, housing starts and building permits in March came in above expectations, according to estimates from Dow Jones.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stocks Open Little Changed As Investors Digest Latest Batch of Corporate Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stocks Open Little Changed As Investors Digest Latest Batch of Corporate Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-04-19 21:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Stock futures were little changed early Tuesday morning as traders navigated one of the busiest weeks of corporate earnings season.</p><p>Futures tied to the Dow Jones Industrial Average inched 2 points, or 0.01%, lower. Those for the S&amp;P 500 slipped by 0.04%. Nasdaq 100 futures were lower by 0.04%.</p><p>The move in futures comes after aslightly down day for stockson Monday. The Dow and Nasdaq Composite each dipped 0.1%, while the S&amp;P 500 inched lower by 0.02%.</p><p>The major indexes have been grinding lower as the first-quarter earnings season heats up.</p><p>Johnson &amp; Johnsonreported mixed quarterly resultson Tuesday, with its earnings per share topping earnings expectations while revenue missed analyst estimates. The pharmaceutical company also lowered its earnings guidance for 2022. Its shares dipped slightly in premarket trading.</p><p>Hasbro shares fell nearly 2% premarket after the toy company posted a weaker-than-expected profit for the previous quarter, while its revenue was in line with estimates.</p><p>Travelers Companies was slightly higher in early trading after the company beat estimates on the top and bottom lines for its latest quarter and announced a 5.7% dividend increase.</p><p>Lockheed Martin shares lost more than 2% premarket after the security and aerospace company reported an earnings beat and a revenue miss for the most recent quarter.</p><p>Netflix and IBM are scheduled to post their numbers after the bell Tuesday.</p><p>With inflation and the Federal Reserve’s next steps a key debate in markets, investors are watching for insight into how supply chains and consumer demand are performing for major companies.</p><p>“Profit margins are expected to remain elevated; however, inflation is expected to trim margins from the all-time highs seen in 2021. Only the energy and utility sectors are reflecting a year-to-date uptick in margin growth expectations,” Keith Lerner, co-CIO of Truist Advisory Services, said in a note to clients.</p><p>Expectations for Fed hikes have risen sharply in recent months, though the central bank has said it will be data dependent in deciding how it will hike rates throughout the year.</p><p>“Can the Fed raising rates actually solve some of the shortages we have with labor, with semiconductors, with wheat? Probably not. So maybe they’re going to act a little bit less aggressively in the end than some people think,” said Adam Parker of Trivariate Research on “Closing Bell: Overtime.”</p><p>The concern about the Fed’s next steps have caused high volatility in the bond market as well, which appears to have weighed on stocks in recent weeks. On Tuesday, the 10-year Treasury yield hit its highest level in three years, reaching 2.91%.</p><p>St. Louis Fed president James Bullard told CNBC’s Steve Liesman on Monday that “quite a bit has been priced in” in terms of Fed actions.</p><p>On the data front, housing starts and building permits in March came in above expectations, according to estimates from Dow Jones.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118609787","content_text":"Stock futures were little changed early Tuesday morning as traders navigated one of the busiest weeks of corporate earnings season.Futures tied to the Dow Jones Industrial Average inched 2 points, or 0.01%, lower. Those for the S&P 500 slipped by 0.04%. Nasdaq 100 futures were lower by 0.04%.The move in futures comes after aslightly down day for stockson Monday. The Dow and Nasdaq Composite each dipped 0.1%, while the S&P 500 inched lower by 0.02%.The major indexes have been grinding lower as the first-quarter earnings season heats up.Johnson & Johnsonreported mixed quarterly resultson Tuesday, with its earnings per share topping earnings expectations while revenue missed analyst estimates. The pharmaceutical company also lowered its earnings guidance for 2022. Its shares dipped slightly in premarket trading.Hasbro shares fell nearly 2% premarket after the toy company posted a weaker-than-expected profit for the previous quarter, while its revenue was in line with estimates.Travelers Companies was slightly higher in early trading after the company beat estimates on the top and bottom lines for its latest quarter and announced a 5.7% dividend increase.Lockheed Martin shares lost more than 2% premarket after the security and aerospace company reported an earnings beat and a revenue miss for the most recent quarter.Netflix and IBM are scheduled to post their numbers after the bell Tuesday.With inflation and the Federal Reserve’s next steps a key debate in markets, investors are watching for insight into how supply chains and consumer demand are performing for major companies.“Profit margins are expected to remain elevated; however, inflation is expected to trim margins from the all-time highs seen in 2021. Only the energy and utility sectors are reflecting a year-to-date uptick in margin growth expectations,” Keith Lerner, co-CIO of Truist Advisory Services, said in a note to clients.Expectations for Fed hikes have risen sharply in recent months, though the central bank has said it will be data dependent in deciding how it will hike rates throughout the year.“Can the Fed raising rates actually solve some of the shortages we have with labor, with semiconductors, with wheat? Probably not. So maybe they’re going to act a little bit less aggressively in the end than some people think,” said Adam Parker of Trivariate Research on “Closing Bell: Overtime.”The concern about the Fed’s next steps have caused high volatility in the bond market as well, which appears to have weighed on stocks in recent weeks. On Tuesday, the 10-year Treasury yield hit its highest level in three years, reaching 2.91%.St. Louis Fed president James Bullard told CNBC’s Steve Liesman on Monday that “quite a bit has been priced in” in terms of Fed actions.On the data front, housing starts and building permits in March came in above expectations, according to estimates from Dow Jones.","news_type":1},"isVote":1,"tweetType":1,"viewCount":68,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965134312,"gmtCreate":1669908677037,"gmtModify":1676538268107,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9965134312","repostId":"2288677085","repostType":4,"repost":{"id":"2288677085","kind":"highlight","pubTimestamp":1669909536,"share":"https://ttm.financial/m/news/2288677085?lang=&edition=fundamental","pubTime":"2022-12-01 23:45","market":"us","language":"en","title":"2 Green Flags for Tesla's Future","url":"https://stock-news.laohu8.com/highlight/detail?id=2288677085","media":"Motley Fool","summary":"Now's the time to buy Tesla stock, as it's backed by an important growth catalyst.","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a> has delivered astounding returns for investors in recent years. It&#39;s emerging as an iconic brand that people aspire to own. Most importantly, Tesla has found a profitable path to deliver long-term growth, which the top automakers are struggling to do these days.</p><p>Despite tremendous brand power, Tesla faces mounting pressures in the near term, including softening demand in China, which may force the company to lower selling prices on certain models. These headwinds have sent the stock down 56% from its peak in 2021.</p><p>I believe the bear market is the perfect opportunity for those who have been on the fence over Tesla&#39;s high valuation to add shares to their portfolio. Here are two signs that Tesla&#39;s remarkable run is not over.</p><h2>1. Cybertruck is coming</h2><p>Tesla CEO Elon Musk unveiled the company&#39;s first truck in 2019 to much fanfare. The company planned to launch its first pickup at an affordable price of less than $40,000. With delays in production and high inflation driving up the cost of parts and labor, it will likely debut a bit pricier than originally projected. Regardless, it seems Tesla will try to price the vehicle to compete with the <b>Ford</b> F-150 -- the top-selling vehicle in the U.S. last year.</p><p>The F-150 is Ford&#39;s highest-volume vehicle, but Tesla could take some share away from the industry leader. Cybertruck might be the most highly anticipated electric vehicle launch to date, with a reported 3 million already having placed a reservation to order. For context, that is nearly 10 times the total amount of deliveries Tesla made in the third quarter alone, which indicates a major future sales driver.</p><p>Americans love their trucks, so it wouldn&#39;t be surprising for Cybertruck to become Tesla&#39;s best-selling vehicle. During the third-quarter earnings call, Musk said, &#34;We&#39;re in the final lap for Cybertruck,&#34; with production scheduled to begin by the middle of 2023.</p><h2>2. Tesla is rapidly growing profits</h2><p>Tesla not only has a major upcoming growth catalyst in Cybertruck, but investors should also take comfort in the fact that Tesla is a rare electric vehicle maker that is profitable. <b>Morgan Stanley</b> analyst Adam Jonas recently noted that &#34;Tesla is the only name we cover that generates a profit (before incentives) on the sale of EVs.&#34;</p><p>Through the first three quarters of 2022, Tesla earned a net profit of $8.9 billion on $57 billion of revenue. That is much better than Ford&#39;s net loss of $3.3 billion on revenue of $114 billion.</p><p>Tesla has a superior record of generating profitable growth compared to leading car manufacturers, which is why the stock has soared. Tesla is currently generating about 10 times the level of profit it produced five years ago, while Ford and <b>General Motors</b> have struggled to generate an adequate profit margin.</p><p><img src=\"https://static.tigerbbs.com/723f5933f925fd43645deac49d276461\" tg-width=\"720\" tg-height=\"410\" referrerpolicy=\"no-referrer\"/></p><p>Data by YCharts.</p><p>As Ford and GM crank up their EV operations to compete, Tesla&#39;s profitability gives it a major financial advantage to build a better product and provide superior service to its customers.</p><p>Tesla is on pace to increase production by 50% heading into 2023. This is clearly in preparation to meet growing demand, which will only continue to increase with its first truck. Musk has called Cybertruck a &#34;hall of famer, next level&#34; vehicle that is going to be &#34;sick and sick.&#34;</p><p>These are the reasons I believe now is a great opportunity to invest in Tesla stock. It&#39;s trading at a discount to where it will likely trade when the market is in a better mood.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Green Flags for Tesla's Future</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Green Flags for Tesla's Future\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-01 23:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/12/01/2-green-flags-for-teslas-future/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla has delivered astounding returns for investors in recent years. It's emerging as an iconic brand that people aspire to own. Most importantly, Tesla has found a profitable path to deliver long-...</p>\n\n<a href=\"https://www.fool.com/investing/2022/12/01/2-green-flags-for-teslas-future/\">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.fool.com/investing/2022/12/01/2-green-flags-for-teslas-future/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288677085","content_text":"Tesla has delivered astounding returns for investors in recent years. It's emerging as an iconic brand that people aspire to own. Most importantly, Tesla has found a profitable path to deliver long-term growth, which the top automakers are struggling to do these days.Despite tremendous brand power, Tesla faces mounting pressures in the near term, including softening demand in China, which may force the company to lower selling prices on certain models. These headwinds have sent the stock down 56% from its peak in 2021.I believe the bear market is the perfect opportunity for those who have been on the fence over Tesla's high valuation to add shares to their portfolio. Here are two signs that Tesla's remarkable run is not over.1. Cybertruck is comingTesla CEO Elon Musk unveiled the company's first truck in 2019 to much fanfare. The company planned to launch its first pickup at an affordable price of less than $40,000. With delays in production and high inflation driving up the cost of parts and labor, it will likely debut a bit pricier than originally projected. Regardless, it seems Tesla will try to price the vehicle to compete with the Ford F-150 -- the top-selling vehicle in the U.S. last year.The F-150 is Ford's highest-volume vehicle, but Tesla could take some share away from the industry leader. Cybertruck might be the most highly anticipated electric vehicle launch to date, with a reported 3 million already having placed a reservation to order. For context, that is nearly 10 times the total amount of deliveries Tesla made in the third quarter alone, which indicates a major future sales driver.Americans love their trucks, so it wouldn't be surprising for Cybertruck to become Tesla's best-selling vehicle. During the third-quarter earnings call, Musk said, \"We're in the final lap for Cybertruck,\" with production scheduled to begin by the middle of 2023.2. Tesla is rapidly growing profitsTesla not only has a major upcoming growth catalyst in Cybertruck, but investors should also take comfort in the fact that Tesla is a rare electric vehicle maker that is profitable. Morgan Stanley analyst Adam Jonas recently noted that \"Tesla is the only name we cover that generates a profit (before incentives) on the sale of EVs.\"Through the first three quarters of 2022, Tesla earned a net profit of $8.9 billion on $57 billion of revenue. That is much better than Ford's net loss of $3.3 billion on revenue of $114 billion.Tesla has a superior record of generating profitable growth compared to leading car manufacturers, which is why the stock has soared. Tesla is currently generating about 10 times the level of profit it produced five years ago, while Ford and General Motors have struggled to generate an adequate profit margin.Data by YCharts.As Ford and GM crank up their EV operations to compete, Tesla's profitability gives it a major financial advantage to build a better product and provide superior service to its customers.Tesla is on pace to increase production by 50% heading into 2023. This is clearly in preparation to meet growing demand, which will only continue to increase with its first truck. Musk has called Cybertruck a \"hall of famer, next level\" vehicle that is going to be \"sick and sick.\"These are the reasons I believe now is a great opportunity to invest in Tesla stock. It's trading at a discount to where it will likely trade when the market is in a better mood.","news_type":1},"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9986272226,"gmtCreate":1666970775865,"gmtModify":1676537842785,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9986272226","repostId":"1124585892","repostType":4,"repost":{"id":"1124585892","kind":"news","pubTimestamp":1666965905,"share":"https://ttm.financial/m/news/1124585892?lang=&edition=fundamental","pubTime":"2022-10-28 22:05","market":"us","language":"en","title":"Intel Upgrades, Meta Platforms Downgrade: Top Calls on Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=1124585892","media":"The Fly","summary":"Top 5 Upgrades:Barclays analyst Blayne Curtis upgraded Intel (INTC) to Equal Weight from Underweight","content":"<html><head></head><body><p><b>Top 5 Upgrades:</b></p><ul><li>Barclays analyst Blayne Curtis upgraded <b>Intel</b> (INTC) to Equal Weight from Underweight with an unchanged price target of $30. The analyst sees a &#34;bottom in sight&#34; for the shares with PCs closer to a bottom and cost cuts &#34;an important sober step after two years of unrealistic optimism.&#34; Summit Insights analyst KinNgai Chan also upgraded Intel to Buy from Hold, telling investors after the company&#39;s Q3 earnings report that he thinks the company&#39;s Q4 outlook and qualitative 2023 view &#34;encapsulate most, if not all, the current challenges for the company.&#34;</li><li>Piper Sandler analyst Do Kim upgraded <b>Gilead Sciences</b> (GILD) to Overweight from Neutral with a price target of $96, up from $79. The analyst says &#34;multiple roadblocks have cleared&#34; for the company&#39;s HIV and oncology franchises, providing greater visibility on future revenue growth.</li><li>Roth Capital analyst John White upgraded <b>Amplify Energy</b> (AMPY) to Buy from Neutral with a $12 price target. White believes the litigation/lawsuits surrounding the Southern California Pipeline Incident have reached a satisfactory stage, the analyst tells investors in a research note. He believes that the criminal fines not covered by insurance will be easily met with Amplify&#39;s cash on hand and free cash flow.</li><li>Goldman Sachs analyst Eric Sheridan upgraded <b>Ubisoft</b> (UBSFY) to Neutral from Sell with a price target of EUR 37, down from EUR 41. The analyst sees a more balanced risk/reward at current share levels.</li><li>Wolfe Research analyst Steve Fleishman upgraded <b>First Solar</b> (FSLR) to Outperform from Peer Perform with a $170 price target. The company had &#34;another surge of bookings&#34; in Q3 at even higher rates, Fleishman tells investors in a research note.</li></ul><p><b>Top 5 Downgrades:</b></p><ul><li>Edward Jones analyst David Heger downgraded <b>Meta Platforms</b> (META) to Hold from Buy following the Q3 earnings report. While Meta is executing relatively well in the difficult macroeconomic environment and continues to steadily grow users across its platforms, Heger is concerned about how long the growing metaverse investment will take to deliver a sufficient return, the analyst tells investors in a research note.</li><li>Deutsche Bank analyst Nicole Deblase downgraded <b>Caterpillar</b> (CAT) to Hold from Buy with a price target of $221, up from $196. &#34;There is simply not enough upside potential left vs. the current stock price to maintain a Buy rating,&#34; Deblase tells investors in a research note.</li><li>Raymond James analyst Brian Gesuale downgraded <b>L3Harris Technologies</b> (LHX) to Market Perform from Outperform without a price target. The stock&#39;s year to date outperformance, coupled with what he views as a downward bias to 2023 models and tense risk/reward debate on the 2023 guidance, no longer supports outperformance despite L3Harris remaining one of the higher quality defense names in the firm&#39;s coverage space, Gesuale tells investors in a research note.</li><li>Credit Suisse analyst Benjamin Chaiken downgraded <b>Travel + Leisure</b> (TNL) to Underperform from Outperform with a price target of $31, down from $77. While Chaiken feels Travel + Leisure is a &#34;quality&#34; company, he thinks they will underperform peers due to its plans to move up the FICO spectrum, which should cause tour flow to come in lower than expected, the analyst tells investors in a research note.</li><li>UBS analyst Rayna Kumar downgraded <b>Western Union</b> (WU) to Sell from Neutral with a $12 price target, reflecting 14% downside. The provided a &#34;lackluster&#34; outlook for a 2%-4% adjusted revenue decline in 2023 and a potential recession provides incremental risk given that management indicated its 2023 forecast does not include deterioration from current macro trends, Kumar tells investors in a research note.</li></ul><p><b>Top 5 Initiations:</b></p><ul><li>Wedbush analyst Robert Driscoll initiated coverage of <b>Geron</b> (GERN) with an Outperform rating and $5 price target. The company is developing telomerase inhibitor imetelstat for the treatment of a number of hematological diseases, including lower-risk myelodysplatic syndrome and myelofibrosis, Driscoll tells investors in a research note. The analyst anticipates positive top-line data from the ongoing Phase 3 study in LRMDS in early 2023, allowing for approval and initial launch in the first half of 2024 &#34;in a large commercial market.&#34;</li><li>BTIG analyst Jonathan DeCourcey assumed coverage of <b>Green Thumb Industries</b> (GTBIF) with a Buy rating and C$28 price target as part of a broader research note expanding coverage of the Cannabis industry. The analyst cites the company having posted its 8th consecutive quarter of profitable earnings results, adding that he is confident that positive results will continue through his forecast period and beyond even in the face of macro headwinds.</li><li>BTIG analyst Jonathan DeCourcey assumed coverage of <b>Trulieve Cannabis</b> (TCNNF) with a Buy rating and C$26 price target as part of a broader research note expanding coverage of the Cannabis industry. The analyst states that further upside for Trulieve will come with greater clarity on Florida&#39;s hurricane impact as well as the anticipated timing of potential Connecticut and Pennsylvania recreational cannabis launches.</li><li>B. Riley analyst Kalpit Patel initiated coverage of <b>Mirati Therapeutics</b> (MRTX) with a Neutral rating and $72 price target. Despite a belief that Mirati is likely to gain accelerated approval for adagrasib in second-line metastatic non-small cell lung cancer by the December FDA action date date, a recent disappointment in the field, Amgen&#39;s (AMGN) weak data from its confirmatory trial in a similar setting, may limit commercial uptake relative to Street expectations, Patel tells investors in a research note.</li><li>Raymond James analyst David Feaster assumed coverage of <b>Coastal Financial Corporation</b> (CCB) with a Strong Buy rating and $57 price target. Coastal&#39;s Q3 results exceeded Street forecasts, and its growth outlook remains robust as it continues to add new partners, where it maintains a solid pipeline of new potential partners, Feaster tells investors in a research note.</li></ul></body></html>","source":"lsy1649979459173","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel Upgrades, Meta Platforms Downgrade: Top Calls on Wall Street</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\">\nIntel Upgrades, Meta Platforms Downgrade: Top Calls on Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-28 22:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thefly.com/landingPageNews.php?id=3605198&headline=META;CAT;LHX;TNL;GERN;AMPY;UBSFY;GILD;FSLR;INTC;WU;GTBIF;TCNNF;MRTX;CCB-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations><strong>The Fly</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top 5 Upgrades:Barclays analyst Blayne Curtis upgraded Intel (INTC) to Equal Weight from Underweight with an unchanged price target of $30. The analyst sees a \"bottom in sight\" for the shares with PCs...</p>\n\n<a href=\"https://thefly.com/landingPageNews.php?id=3605198&headline=META;CAT;LHX;TNL;GERN;AMPY;UBSFY;GILD;FSLR;INTC;WU;GTBIF;TCNNF;MRTX;CCB-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GILD":"吉利德科学","LHX":"哈里斯公司","GTBIF":"Green Thumb Industries Inc.","CAT":"卡特彼勒","CCB":"Coastal Financial Corp","META":"Meta Platforms, Inc.","GERN":"杰龙","WU":"西联汇款","MRTX":"Mirati Therapeutics Inc.","INTC":"英特尔","TNL":"Travel Plus Leisure Co.","UBSFY":"UbiSoft Entertainment Inc.","FSLR":"第一太阳能","AMPY":"Amplify Energy Corp.","TCNNF":"Trulieve Cannabis Corporation"},"source_url":"https://thefly.com/landingPageNews.php?id=3605198&headline=META;CAT;LHX;TNL;GERN;AMPY;UBSFY;GILD;FSLR;INTC;WU;GTBIF;TCNNF;MRTX;CCB-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124585892","content_text":"Top 5 Upgrades:Barclays analyst Blayne Curtis upgraded Intel (INTC) to Equal Weight from Underweight with an unchanged price target of $30. The analyst sees a \"bottom in sight\" for the shares with PCs closer to a bottom and cost cuts \"an important sober step after two years of unrealistic optimism.\" Summit Insights analyst KinNgai Chan also upgraded Intel to Buy from Hold, telling investors after the company's Q3 earnings report that he thinks the company's Q4 outlook and qualitative 2023 view \"encapsulate most, if not all, the current challenges for the company.\"Piper Sandler analyst Do Kim upgraded Gilead Sciences (GILD) to Overweight from Neutral with a price target of $96, up from $79. The analyst says \"multiple roadblocks have cleared\" for the company's HIV and oncology franchises, providing greater visibility on future revenue growth.Roth Capital analyst John White upgraded Amplify Energy (AMPY) to Buy from Neutral with a $12 price target. White believes the litigation/lawsuits surrounding the Southern California Pipeline Incident have reached a satisfactory stage, the analyst tells investors in a research note. He believes that the criminal fines not covered by insurance will be easily met with Amplify's cash on hand and free cash flow.Goldman Sachs analyst Eric Sheridan upgraded Ubisoft (UBSFY) to Neutral from Sell with a price target of EUR 37, down from EUR 41. The analyst sees a more balanced risk/reward at current share levels.Wolfe Research analyst Steve Fleishman upgraded First Solar (FSLR) to Outperform from Peer Perform with a $170 price target. The company had \"another surge of bookings\" in Q3 at even higher rates, Fleishman tells investors in a research note.Top 5 Downgrades:Edward Jones analyst David Heger downgraded Meta Platforms (META) to Hold from Buy following the Q3 earnings report. While Meta is executing relatively well in the difficult macroeconomic environment and continues to steadily grow users across its platforms, Heger is concerned about how long the growing metaverse investment will take to deliver a sufficient return, the analyst tells investors in a research note.Deutsche Bank analyst Nicole Deblase downgraded Caterpillar (CAT) to Hold from Buy with a price target of $221, up from $196. \"There is simply not enough upside potential left vs. the current stock price to maintain a Buy rating,\" Deblase tells investors in a research note.Raymond James analyst Brian Gesuale downgraded L3Harris Technologies (LHX) to Market Perform from Outperform without a price target. The stock's year to date outperformance, coupled with what he views as a downward bias to 2023 models and tense risk/reward debate on the 2023 guidance, no longer supports outperformance despite L3Harris remaining one of the higher quality defense names in the firm's coverage space, Gesuale tells investors in a research note.Credit Suisse analyst Benjamin Chaiken downgraded Travel + Leisure (TNL) to Underperform from Outperform with a price target of $31, down from $77. While Chaiken feels Travel + Leisure is a \"quality\" company, he thinks they will underperform peers due to its plans to move up the FICO spectrum, which should cause tour flow to come in lower than expected, the analyst tells investors in a research note.UBS analyst Rayna Kumar downgraded Western Union (WU) to Sell from Neutral with a $12 price target, reflecting 14% downside. The provided a \"lackluster\" outlook for a 2%-4% adjusted revenue decline in 2023 and a potential recession provides incremental risk given that management indicated its 2023 forecast does not include deterioration from current macro trends, Kumar tells investors in a research note.Top 5 Initiations:Wedbush analyst Robert Driscoll initiated coverage of Geron (GERN) with an Outperform rating and $5 price target. The company is developing telomerase inhibitor imetelstat for the treatment of a number of hematological diseases, including lower-risk myelodysplatic syndrome and myelofibrosis, Driscoll tells investors in a research note. The analyst anticipates positive top-line data from the ongoing Phase 3 study in LRMDS in early 2023, allowing for approval and initial launch in the first half of 2024 \"in a large commercial market.\"BTIG analyst Jonathan DeCourcey assumed coverage of Green Thumb Industries (GTBIF) with a Buy rating and C$28 price target as part of a broader research note expanding coverage of the Cannabis industry. The analyst cites the company having posted its 8th consecutive quarter of profitable earnings results, adding that he is confident that positive results will continue through his forecast period and beyond even in the face of macro headwinds.BTIG analyst Jonathan DeCourcey assumed coverage of Trulieve Cannabis (TCNNF) with a Buy rating and C$26 price target as part of a broader research note expanding coverage of the Cannabis industry. The analyst states that further upside for Trulieve will come with greater clarity on Florida's hurricane impact as well as the anticipated timing of potential Connecticut and Pennsylvania recreational cannabis launches.B. Riley analyst Kalpit Patel initiated coverage of Mirati Therapeutics (MRTX) with a Neutral rating and $72 price target. Despite a belief that Mirati is likely to gain accelerated approval for adagrasib in second-line metastatic non-small cell lung cancer by the December FDA action date date, a recent disappointment in the field, Amgen's (AMGN) weak data from its confirmatory trial in a similar setting, may limit commercial uptake relative to Street expectations, Patel tells investors in a research note.Raymond James analyst David Feaster assumed coverage of Coastal Financial Corporation (CCB) with a Strong Buy rating and $57 price target. Coastal's Q3 results exceeded Street forecasts, and its growth outlook remains robust as it continues to add new partners, where it maintains a solid pipeline of new potential partners, Feaster tells investors in a research note.","news_type":1},"isVote":1,"tweetType":1,"viewCount":130,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9995753179,"gmtCreate":1661522469693,"gmtModify":1676536534527,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995753179","repostId":"1150012863","repostType":4,"repost":{"id":"1150012863","kind":"news","pubTimestamp":1661515718,"share":"https://ttm.financial/m/news/1150012863?lang=&edition=fundamental","pubTime":"2022-08-26 20:08","market":"us","language":"en","title":"China and U.S Sign Agreement on Audit Dispute","url":"https://stock-news.laohu8.com/highlight/detail?id=1150012863","media":"PCAOB","summary":"FACT SHEET: CHINA AGREEMENTStatement of Protocol Marks First Step Toward Complete Access for PCAOB t","content":"<html><head></head><body><p><b>FACT SHEET: CHINA AGREEMENT</b></p><p>Statement of Protocol Marks First Step Toward Complete Access for PCAOB to Select, Inspect and Investigate in China</p><p>Washington, Aug. 26, 2022</p><p>On August 26, 2022, the Public Company Accounting Oversight Board (PCAOB) signed a Statement of Protocol with the China Securities Regulatory Commission and the Ministry of Finance of the People&#39;s Republic of China, taking the first step toward opening access for the PCAOB to inspect and investigate registered public accounting firms headquartered in mainland China and Hong Kong completely, consistent with U.S law.</p><p><b>Three Keys to Complete Access</b></p><p><b>This is the most detailed and prescriptive agreement the PCAOB has ever reached with China. Itincludes three provisions that, if abided by, would grant the PCAOB complete access for the first time:</b></p><ol><li><b>The PCAOB has sole discretion to select the firms, audit engagements and potential violations it inspects and investigates – without consultation with, nor input from, Chinese authorities.</b></li><li><b>Procedures are in place for PCAOB inspectors and investigators to view complete audit work papers with all information included and for the PCAOB to retain information as needed.</b></li><li><b>The PCAOB has direct access to interview and take testimony from all personnel associated with the audits the PCAOB inspects or investigates.</b></li></ol><p><b>Only a First Step</b></p><ul><li><b>While significant, the Statement of Protocol is only a first step. The real test comes next, as the PCAOB prepares to have inspectors on the ground by mid-September and begin conducting on-site inspections and investigations of firms headquartered in mainland China and Hong Kong.</b></li><li><b>Whether the PCAOB can make a determination that China is no longer obstructing access depends on whether China abides by this agreement and allows for full and timely access to information.</b></li><li><b>The Holding Foreign Companies Accountable Act is clear that the PCAOB must be able to inspect and investigate “completely,” and the PCAOB will demand the complete access the law requires.</b></li></ul><p><b><i>Additional Background:</i></b> The PCAOB inspects and investigates registered public accounting firms in more than 50 jurisdictions around the world, consistent with its mandate under the Sarbanes-Oxley Act. But, for more than a decade, the PCAOB’s access to inspect and investigate registered public accounting firms in mainland China and Hong Kong has been obstructed.</p><p>In 2020, Congress passed the Holding Foreign Companies Accountable Act (HFCAA). Under the HFCAA, beginning with 2021, after three consecutive years of PCAOB determinations that positions taken by authorities in the People&#39;s Republic of China (PRC) obstructed the PCAOB’s ability to inspect and investigate registered public accounting firms in mainland China and Hong Kong completely, the companies audited by those firms would be subject to a trading prohibition on U.S. markets. Such a trading prohibition would be carried out by the Securities and Exchange Commission (SEC) and would apply to companies the SEC identifies as having used registered public accounting firms in mainland China and Hong Kong for three consecutive years.</p><p>In 2021, the PCAOB made determinations that the positions taken by PRC authorities prevented the PCAOB from inspecting and investigating in mainland China and Hong Kong completely.</p><p>The PCAOB is now required to reassess its determinations by the end of 2022.</p></body></html>","source":"lsy1661516930868","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>China and U.S Sign Agreement on Audit Dispute</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\">\nChina and U.S Sign Agreement on Audit Dispute\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-26 20:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://pcaobus.org/news-events/news-releases/news-release-detail/fact-sheet-china-agreement><strong>PCAOB</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FACT SHEET: CHINA AGREEMENTStatement of Protocol Marks First Step Toward Complete Access for PCAOB to Select, Inspect and Investigate in ChinaWashington, Aug. 26, 2022On August 26, 2022, the Public ...</p>\n\n<a href=\"https://pcaobus.org/news-events/news-releases/news-release-detail/fact-sheet-china-agreement\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BEKE":"贝壳","XPEV":"小鹏汽车","JD":"京东","NTES":"网易","PDD":"拼多多","NIO":"蔚来","BILI":"哔哩哔哩","BIDU":"百度","BABA":"阿里巴巴","LI":"理想汽车"},"source_url":"https://pcaobus.org/news-events/news-releases/news-release-detail/fact-sheet-china-agreement","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150012863","content_text":"FACT SHEET: CHINA AGREEMENTStatement of Protocol Marks First Step Toward Complete Access for PCAOB to Select, Inspect and Investigate in ChinaWashington, Aug. 26, 2022On August 26, 2022, the Public Company Accounting Oversight Board (PCAOB) signed a Statement of Protocol with the China Securities Regulatory Commission and the Ministry of Finance of the People's Republic of China, taking the first step toward opening access for the PCAOB to inspect and investigate registered public accounting firms headquartered in mainland China and Hong Kong completely, consistent with U.S law.Three Keys to Complete AccessThis is the most detailed and prescriptive agreement the PCAOB has ever reached with China. Itincludes three provisions that, if abided by, would grant the PCAOB complete access for the first time:The PCAOB has sole discretion to select the firms, audit engagements and potential violations it inspects and investigates – without consultation with, nor input from, Chinese authorities.Procedures are in place for PCAOB inspectors and investigators to view complete audit work papers with all information included and for the PCAOB to retain information as needed.The PCAOB has direct access to interview and take testimony from all personnel associated with the audits the PCAOB inspects or investigates.Only a First StepWhile significant, the Statement of Protocol is only a first step. The real test comes next, as the PCAOB prepares to have inspectors on the ground by mid-September and begin conducting on-site inspections and investigations of firms headquartered in mainland China and Hong Kong.Whether the PCAOB can make a determination that China is no longer obstructing access depends on whether China abides by this agreement and allows for full and timely access to information.The Holding Foreign Companies Accountable Act is clear that the PCAOB must be able to inspect and investigate “completely,” and the PCAOB will demand the complete access the law requires.Additional Background: The PCAOB inspects and investigates registered public accounting firms in more than 50 jurisdictions around the world, consistent with its mandate under the Sarbanes-Oxley Act. But, for more than a decade, the PCAOB’s access to inspect and investigate registered public accounting firms in mainland China and Hong Kong has been obstructed.In 2020, Congress passed the Holding Foreign Companies Accountable Act (HFCAA). Under the HFCAA, beginning with 2021, after three consecutive years of PCAOB determinations that positions taken by authorities in the People's Republic of China (PRC) obstructed the PCAOB’s ability to inspect and investigate registered public accounting firms in mainland China and Hong Kong completely, the companies audited by those firms would be subject to a trading prohibition on U.S. markets. Such a trading prohibition would be carried out by the Securities and Exchange Commission (SEC) and would apply to companies the SEC identifies as having used registered public accounting firms in mainland China and Hong Kong for three consecutive years.In 2021, the PCAOB made determinations that the positions taken by PRC authorities prevented the PCAOB from inspecting and investigating in mainland China and Hong Kong completely.The PCAOB is now required to reassess its determinations by the end of 2022.","news_type":1},"isVote":1,"tweetType":1,"viewCount":52,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9929250265,"gmtCreate":1670684759757,"gmtModify":1676538416858,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"IIke","listText":"IIke","text":"IIke","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9929250265","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":41,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9968384613,"gmtCreate":1669130164433,"gmtModify":1676538156439,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"LLike","listText":"LLike","text":"LLike","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9968384613","repostId":"2285386886","repostType":4,"repost":{"id":"2285386886","kind":"news","pubTimestamp":1669104486,"share":"https://ttm.financial/m/news/2285386886?lang=&edition=fundamental","pubTime":"2022-11-22 16:08","market":"us","language":"en","title":"Apple And Taiwan Semiconductor: Let's Ask Buffett","url":"https://stock-news.laohu8.com/highlight/detail?id=2285386886","media":"Seeking Alpha","summary":"SummaryAs a long-time Buffett cultist, I understand (not to say I am able to anticipate) most of his","content":"<html><head></head><body><h2>Summary</h2><ul><li>As a long-time Buffett cultist, I understand (not to say I am able to anticipate) most of his stock choices.</li><li>But from time to time, some of his choices still come as a surprise and his recent position in Taiwan Semiconductor is a notable example.</li><li>The choice is even more puzzling when viewed under the context of his largest holding, Apple.</li><li>There are certainly positives with Taiwan Semiconductor, that is, even when compared to Apple.</li><li>However, I see these positives easily overshadowed by the developing tension between them, which produces mutual but asymmetric damage.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/511f126f81b7dac4ef1687fe1d622bbe\" tg-width=\"1080\" tg-height=\"719\" referrerpolicy=\"no-referrer\"/><span>Jamie McCarthy</span></p><h2>The investment thesis</h2><p>As a long-time Buffett cultist, I feel comfortable saying that I understand most of his investment choices. But occasionally, the grandmaster still manages to make a move that surprises me such as his recent position in TaiwanSemiconductor (NYSE:TSM). To wit, the recent 13F disclosure showed that Buffett opened a sizable position in TSM for the Berkshire Hathaway (BRK.A) (BRK.B) equity portfolio. As you can see from the following chart, his BRK portfolio now holds more than 60.06M shares of TSM with a total worth of over $4.11B. The TSM position is currently the 10thlargest position in the BRK portfolio.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/79878ff126c58641fbbd5a5aa3c0b334\" tg-width=\"640\" tg-height=\"363\" referrerpolicy=\"no-referrer\"/><span>Source: Dataroma.com</span></p><p>The surprise comes in several ways. And the more obvious ways (like Buffett’s allergy to tech businesses) have already been discussed by several other SA authors and I won’t further add to it anymore. Here, I want to explore an angle that is less discussed so far. I want to explain why it feels more puzzling to me, that is besides the fact that Buffett added another tech name to his BRK portfolio, when the TSM position is viewed under the context of his largest holding, Apple (NASDAQ:AAPL). There are certainly positives with TSM, that is, even when compared to AAPL. As we will detail in the next section, it is a high-quality stock in its own right. It boasts a large technological lead in its space and an R&amp;D yield that is even better than AAPL.</p><p>However, I see these positives easily overshadowed by the developing tension between them and also the ongoing deglobalization mega-trend. According to a recentnews report, TSM’s scheduled price raises in 2023 were rejected by AAPL, by far its largest customer. AAPL currently outsources almost all of its processor manufacturing to factories in Taiwan. However, with the U.S. strategic initiatives to push to develop domestic semiconductor foundry capabilities, AAPL (and other U.S. chip players such Advanced Micro Devices (AMD) and NVIDIA (NVDA) too) would be very likely to diversify its chip manufacturing away from TSM. And the damage will be mutual but asymmetric. It is easier for AAPL to find other foundry services to manufacture its chips, and a lot harder for TSM to find such large clients as AAPL.</p><p>The full impact of such tension and diversification will take time to fully manifest. And TSM’s role as the dominating high-end chipmaker in the world won’t change in the near term. But I see these recent events (such as AAPL’s rejection of the price raises and the recent passing of the CHIPS act) as the turning point. Taking a broader view, I see these events as a logical step, or even an inevitable step, in the deglobalization process – a mega force that has been unfolding for over 10 years as shown in the chart below. The chart illustrates how globalization, measured as the percentage of total exports out of global GDP, has been in decline since its peak in 2008. The percentage has declined from 61% in 2008 to the to 51.6% in 2020. And since 2020, the China-U.S. trade tension, the COVID, and the Russian/Ukraine war have further quickened its pace.</p><p>In the remainder of this article, I will further analyze the details of these above considerations in more detail.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df9d37af226f63d9047697f699ffa010\" tg-width=\"640\" tg-height=\"527\" referrerpolicy=\"no-referrer\"/><span>Source: The World Bank</span></p><h2>TSM’s valuation advantage</h2><p>First, as mentioned above, there are definitely many positives with TSM even when compared to AAPL. And valuation is an obvious place to start with. As a global leader in the foundry space, it is for sale at a fraction of the overall market and AAPL’s valuation as seen in the chart below.</p><p>To cite a few examples, TSM’s FY1 PE of 12.8x is almost only 1/2 of AAPL’s 24.2x. Its TTM PE of 13.08x is also about only 1/2 of AAPL’s 24.2x. Considering that these stocks have different leverages and enterprise values (“EV”), let&#39;s compare their multiples with leverages adjusted too. As you can see, TSM’s discount is even more dramatic in terms of EV/EBITDA multiples. TSM’s FW EV/EBITDA ratio sits at 7.64x only, less than ½ of AAPL’s 18.18x.</p><p>Yes, as you will see in the next section, TSM is a high-quality stock in its own right. It boasts a large technological lead in its space, further bolstered by its consistent R&amp;D investments and also superb R&amp;D yield that even surpasses AAPL.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd9101b641f06753dca5fee60c5e18ff\" tg-width=\"640\" tg-height=\"496\" referrerpolicy=\"no-referrer\"/><span>Source: Seeking Alpha data</span></p><h2>TSM’s more consistent and aggressive R&amp;D</h2><p>As detailed in our earlier articles:</p><blockquote><i>We do not invest in a given tech stock because we have high confidence in a certain product that they are developing in the pipeline. Instead, we feel more comfortable betting on A) the recurring resources available to fund new R&amp;D efforts sustainably, and B) the overall efficiency of the R&amp;D PROCESS. So correspondingly, in the long run, I feel comfortable as long as a tech business can A) sustainably support new R&amp;D expenditures, and B) has demonstrated a consistent R&amp;D yield. I do not feel the need to particularly bet on any one of the new products to be a hit (or a complete failure).</i></blockquote><p>And both TSM and AAPL can sustainably fund their new R&amp;D efforts with no problem in the long term, as illustrated in the next chart. It shows their R&amp;D expenses over the past 10 years as a percentage of their total sales. A few key observations:</p><ul><li>TSM has been investing very consistently in R&amp;D efforts, on average about 8.0% of its total sales.</li><li>AAPL&#39;s R&amp;D expenses have been climbing since Tim Cook took over the company from Jobs. Jobs believed that innovation is not about money and it &#34;has nothing to do with how much R&amp;D money” a business put in. Then Cook gradually increased the R&amp;D investments to the current level of around 6.1% since 2018.</li><li>So even at AAPL’s current R&amp;D level, TSM is still outspending AAPL by about 200 basis points. And also note TSM’s consistency: the R&amp;D expenses only fluctuated in a very narrow range over the past 10 years.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/68ba62925d409c0646d95b62223ef4b9\" tg-width=\"640\" tg-height=\"355\" referrerpolicy=\"no-referrer\"/><span>Source: Author</span></p><p>More impressively, TSM’s yield on the R&amp;D investment is also superior to AAPL, which is already at a remarkable level by itself as shown in the next chart. The chart used Buffett’s $1 test on R&amp;D expenses. More specifically, the chart quantifies the R&amp;D yield by taking the ratio between profit and R&amp;D expenditures. Thus, the results show how many dollars of profit are generated per $1 of R&amp;D expenses. In particular, in this chart, my analysis used the operating cash flow (“OPC”) as the profit and also took a 3-year moving average on the OPC to approximate a 3-year R&amp;D cycle. And the key observations are:</p><ul><li>The R&amp;D yield is also consistent for TSM, with an average of $6.75 since 2014.</li><li>AAPL’s picture is a bit more colorful. Its R&amp;D yield has been astronomical ($10+ in 2013 and $8+ in 2014 and 2015) thanks to its almost monopoly status in key market segments in those days. Its R&amp;D yield has gradually declined to around ~$4.0 in recent years. And its long-term average was about $5.3.</li><li>To provide a broader view, the FAAMG group features an average R&amp;D yield of ~$2.5 in recent years.</li><li>Thus, both AAPL and TSM boast superb R&amp;D yields even when compared to the overachievers in the FAAMG pack, and TSM’s yield is even higher than AAPL by a large gap.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72e8c1b1427c0babf39d38ec60269d28\" tg-width=\"640\" tg-height=\"340\" referrerpolicy=\"no-referrer\"/><span>Source: Author based on Seeking Alpha data</span></p><h2>Both enjoy high ROCE too, but AAPL is in its own category</h2><p>To me, ROCE (return on capital employed) is the most fundamental profitability metric as detailed in my blog article (with differences compared to ROE and Q&amp;A on the most frequently received questions from our readers). One key reason for its fundamental importance is that the long-term growth rate is governed by ROCE and reinvestment rate (“RR”) in the following simple way:</p><p>Long-Term Growth Rate = ROCE * RR</p><p>The ROCE of TSM and AAPL are shown below for the past 10 years. As you can see, TSM has been maintaining a high ROCE with remarkable consistency here. Its average ROCE has been about 42%. And I cannot overemphasize the consistency – which is a strong indicator of its stable moat. However, AAPL certainly has the upper hand here. Its ROCE is simply a category of its own. It has been hovering around an average of 125% since 2018 after its “declines” from an astronomical (and also unsustainable level in my view) of 200%+ earlier in the decade.</p><p>In terms of RR, both companies have sustainable capital allocation flexibility thanks to their strong cash generation. All told, my analysis shows that TSM has been maintaining an RR in the range between 7.5% to 10% in recent years, and AAPL about 5% to 7.5%.</p><p>So even without the trade tensions and deglobalization process aforementioned, I would project AAPL to have a much better perpetual growth curve ahead than TSM. I projected AAPL’s LT growth rate to be up to 10% (7.5% RR * 125% ROCE ~ 10% annual growth rate). And TSM’s growth rate, on the hand, would be limited to be in the mid-single digit range (say 4% = 10% RR * 42% ROCE).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/98b3ddd710705df7ba8e09cb93f9b81a\" tg-width=\"640\" tg-height=\"334\" referrerpolicy=\"no-referrer\"/><span>Source: Author based on Seeking Alpha data</span></p><h2>Risks and final thought</h2><p>But to reiterate, I do see the developing tension between TSM and AAPL and the deglobalization process as the overarching forces here. And I only see the differences in terms of valuation, R&amp;D yields, and profitability to be secondary forces in the years to come. The deglobalization mega-trend has been unfolding since 2008. And I see a series of recent events (such as AAPL’s rejection of TSM’s price raises, the CHIPS act, the ongoing U.S.-China trade frictions, and also the Russian/Ukraine war) to further exacerbate and accelerate the trend. Under such a mega-trend, I see it as inevitable that key chip clients (such as AAPL, AMD, and NVDA) diversify their manufacturing needs away from TSM.</p><p>And the bottom line is that damage will be mutual but asymmetric the way I see things. It is easier for AAPL to find replacement foundry services but a lot harder for TSM to find replacement clients at the scale of AAPL.</p><p><i>This article is written by Envision Research for reference only. Please note the risks.</i></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple And Taiwan Semiconductor: Let's Ask Buffett</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple And Taiwan Semiconductor: Let's Ask Buffett\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-22 16:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4559717-apple-and-taiwan-semiconductor-ask-buffett><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAs a long-time Buffett cultist, I understand (not to say I am able to anticipate) most of his stock choices.But from time to time, some of his choices still come as a surprise and his recent ...</p>\n\n<a href=\"https://seekingalpha.com/article/4559717-apple-and-taiwan-semiconductor-ask-buffett\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","TSM":"台积电"},"source_url":"https://seekingalpha.com/article/4559717-apple-and-taiwan-semiconductor-ask-buffett","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2285386886","content_text":"SummaryAs a long-time Buffett cultist, I understand (not to say I am able to anticipate) most of his stock choices.But from time to time, some of his choices still come as a surprise and his recent position in Taiwan Semiconductor is a notable example.The choice is even more puzzling when viewed under the context of his largest holding, Apple.There are certainly positives with Taiwan Semiconductor, that is, even when compared to Apple.However, I see these positives easily overshadowed by the developing tension between them, which produces mutual but asymmetric damage.Jamie McCarthyThe investment thesisAs a long-time Buffett cultist, I feel comfortable saying that I understand most of his investment choices. But occasionally, the grandmaster still manages to make a move that surprises me such as his recent position in TaiwanSemiconductor (NYSE:TSM). To wit, the recent 13F disclosure showed that Buffett opened a sizable position in TSM for the Berkshire Hathaway (BRK.A) (BRK.B) equity portfolio. As you can see from the following chart, his BRK portfolio now holds more than 60.06M shares of TSM with a total worth of over $4.11B. The TSM position is currently the 10thlargest position in the BRK portfolio.Source: Dataroma.comThe surprise comes in several ways. And the more obvious ways (like Buffett’s allergy to tech businesses) have already been discussed by several other SA authors and I won’t further add to it anymore. Here, I want to explore an angle that is less discussed so far. I want to explain why it feels more puzzling to me, that is besides the fact that Buffett added another tech name to his BRK portfolio, when the TSM position is viewed under the context of his largest holding, Apple (NASDAQ:AAPL). There are certainly positives with TSM, that is, even when compared to AAPL. As we will detail in the next section, it is a high-quality stock in its own right. It boasts a large technological lead in its space and an R&D yield that is even better than AAPL.However, I see these positives easily overshadowed by the developing tension between them and also the ongoing deglobalization mega-trend. According to a recentnews report, TSM’s scheduled price raises in 2023 were rejected by AAPL, by far its largest customer. AAPL currently outsources almost all of its processor manufacturing to factories in Taiwan. However, with the U.S. strategic initiatives to push to develop domestic semiconductor foundry capabilities, AAPL (and other U.S. chip players such Advanced Micro Devices (AMD) and NVIDIA (NVDA) too) would be very likely to diversify its chip manufacturing away from TSM. And the damage will be mutual but asymmetric. It is easier for AAPL to find other foundry services to manufacture its chips, and a lot harder for TSM to find such large clients as AAPL.The full impact of such tension and diversification will take time to fully manifest. And TSM’s role as the dominating high-end chipmaker in the world won’t change in the near term. But I see these recent events (such as AAPL’s rejection of the price raises and the recent passing of the CHIPS act) as the turning point. Taking a broader view, I see these events as a logical step, or even an inevitable step, in the deglobalization process – a mega force that has been unfolding for over 10 years as shown in the chart below. The chart illustrates how globalization, measured as the percentage of total exports out of global GDP, has been in decline since its peak in 2008. The percentage has declined from 61% in 2008 to the to 51.6% in 2020. And since 2020, the China-U.S. trade tension, the COVID, and the Russian/Ukraine war have further quickened its pace.In the remainder of this article, I will further analyze the details of these above considerations in more detail.Source: The World BankTSM’s valuation advantageFirst, as mentioned above, there are definitely many positives with TSM even when compared to AAPL. And valuation is an obvious place to start with. As a global leader in the foundry space, it is for sale at a fraction of the overall market and AAPL’s valuation as seen in the chart below.To cite a few examples, TSM’s FY1 PE of 12.8x is almost only 1/2 of AAPL’s 24.2x. Its TTM PE of 13.08x is also about only 1/2 of AAPL’s 24.2x. Considering that these stocks have different leverages and enterprise values (“EV”), let's compare their multiples with leverages adjusted too. As you can see, TSM’s discount is even more dramatic in terms of EV/EBITDA multiples. TSM’s FW EV/EBITDA ratio sits at 7.64x only, less than ½ of AAPL’s 18.18x.Yes, as you will see in the next section, TSM is a high-quality stock in its own right. It boasts a large technological lead in its space, further bolstered by its consistent R&D investments and also superb R&D yield that even surpasses AAPL.Source: Seeking Alpha dataTSM’s more consistent and aggressive R&DAs detailed in our earlier articles:We do not invest in a given tech stock because we have high confidence in a certain product that they are developing in the pipeline. Instead, we feel more comfortable betting on A) the recurring resources available to fund new R&D efforts sustainably, and B) the overall efficiency of the R&D PROCESS. So correspondingly, in the long run, I feel comfortable as long as a tech business can A) sustainably support new R&D expenditures, and B) has demonstrated a consistent R&D yield. I do not feel the need to particularly bet on any one of the new products to be a hit (or a complete failure).And both TSM and AAPL can sustainably fund their new R&D efforts with no problem in the long term, as illustrated in the next chart. It shows their R&D expenses over the past 10 years as a percentage of their total sales. A few key observations:TSM has been investing very consistently in R&D efforts, on average about 8.0% of its total sales.AAPL's R&D expenses have been climbing since Tim Cook took over the company from Jobs. Jobs believed that innovation is not about money and it \"has nothing to do with how much R&D money” a business put in. Then Cook gradually increased the R&D investments to the current level of around 6.1% since 2018.So even at AAPL’s current R&D level, TSM is still outspending AAPL by about 200 basis points. And also note TSM’s consistency: the R&D expenses only fluctuated in a very narrow range over the past 10 years.Source: AuthorMore impressively, TSM’s yield on the R&D investment is also superior to AAPL, which is already at a remarkable level by itself as shown in the next chart. The chart used Buffett’s $1 test on R&D expenses. More specifically, the chart quantifies the R&D yield by taking the ratio between profit and R&D expenditures. Thus, the results show how many dollars of profit are generated per $1 of R&D expenses. In particular, in this chart, my analysis used the operating cash flow (“OPC”) as the profit and also took a 3-year moving average on the OPC to approximate a 3-year R&D cycle. And the key observations are:The R&D yield is also consistent for TSM, with an average of $6.75 since 2014.AAPL’s picture is a bit more colorful. Its R&D yield has been astronomical ($10+ in 2013 and $8+ in 2014 and 2015) thanks to its almost monopoly status in key market segments in those days. Its R&D yield has gradually declined to around ~$4.0 in recent years. And its long-term average was about $5.3.To provide a broader view, the FAAMG group features an average R&D yield of ~$2.5 in recent years.Thus, both AAPL and TSM boast superb R&D yields even when compared to the overachievers in the FAAMG pack, and TSM’s yield is even higher than AAPL by a large gap.Source: Author based on Seeking Alpha dataBoth enjoy high ROCE too, but AAPL is in its own categoryTo me, ROCE (return on capital employed) is the most fundamental profitability metric as detailed in my blog article (with differences compared to ROE and Q&A on the most frequently received questions from our readers). One key reason for its fundamental importance is that the long-term growth rate is governed by ROCE and reinvestment rate (“RR”) in the following simple way:Long-Term Growth Rate = ROCE * RRThe ROCE of TSM and AAPL are shown below for the past 10 years. As you can see, TSM has been maintaining a high ROCE with remarkable consistency here. Its average ROCE has been about 42%. And I cannot overemphasize the consistency – which is a strong indicator of its stable moat. However, AAPL certainly has the upper hand here. Its ROCE is simply a category of its own. It has been hovering around an average of 125% since 2018 after its “declines” from an astronomical (and also unsustainable level in my view) of 200%+ earlier in the decade.In terms of RR, both companies have sustainable capital allocation flexibility thanks to their strong cash generation. All told, my analysis shows that TSM has been maintaining an RR in the range between 7.5% to 10% in recent years, and AAPL about 5% to 7.5%.So even without the trade tensions and deglobalization process aforementioned, I would project AAPL to have a much better perpetual growth curve ahead than TSM. I projected AAPL’s LT growth rate to be up to 10% (7.5% RR * 125% ROCE ~ 10% annual growth rate). And TSM’s growth rate, on the hand, would be limited to be in the mid-single digit range (say 4% = 10% RR * 42% ROCE).Source: Author based on Seeking Alpha dataRisks and final thoughtBut to reiterate, I do see the developing tension between TSM and AAPL and the deglobalization process as the overarching forces here. And I only see the differences in terms of valuation, R&D yields, and profitability to be secondary forces in the years to come. The deglobalization mega-trend has been unfolding since 2008. And I see a series of recent events (such as AAPL’s rejection of TSM’s price raises, the CHIPS act, the ongoing U.S.-China trade frictions, and also the Russian/Ukraine war) to further exacerbate and accelerate the trend. Under such a mega-trend, I see it as inevitable that key chip clients (such as AAPL, AMD, and NVDA) diversify their manufacturing needs away from TSM.And the bottom line is that damage will be mutual but asymmetric the way I see things. It is easier for AAPL to find replacement foundry services but a lot harder for TSM to find replacement clients at the scale of AAPL.This article is written by Envision Research for reference only. Please note the risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":92,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9030554361,"gmtCreate":1645763449734,"gmtModify":1676534062260,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9030554361","repostId":"2214997386","repostType":4,"repost":{"id":"2214997386","kind":"news","pubTimestamp":1645745302,"share":"https://ttm.financial/m/news/2214997386?lang=&edition=fundamental","pubTime":"2022-02-25 07:28","market":"us","language":"en","title":"US STOCKS-Wall St Rallies as West Hits Russia with New Sanctions","url":"https://stock-news.laohu8.com/highlight/detail?id=2214997386","media":"Reuters","summary":"* Biden says he is authorizing new sanctions against Russia* Russia begins all-out invasion of Ukrai","content":"<html><head></head><body><p>* Biden says he is authorizing new sanctions against Russia</p><p>* Russia begins all-out invasion of Ukraine</p><p>* Indexes: Dow up 0.3%, S&amp;P 500 up 1.5%, Nasdaq up 3.3% (Adds volume totals after close, analyst comments, market details)</p><p>NEW YORK, Feb 24 (Reuters) - U.S. stocks ended sharply higher on Thursday, led by a 3% gain in the Nasdaq, in a dramatic market reversal as U.S. President Joe Biden unveiled harsh new sanctions against Russia after Moscow began an all-out invasion of Ukraine.</p><p>The S&amp;P 500 rose more than 1%, ending a four-day slide amid worries over the escalating crisis. The Dow also ended in positive territory.</p><p>After consulting counterparts from the Group of Seven nations, Biden announced measures to impede Russia&#39;s ability to do business in the world&#39;s major currencies, along with sanctions against banks and state-owned enterprises.</p><p>The White House has warned Americans that the conflict could lead to higher fuel prices in the United States, but U.S. officials have been working with counterparts in other countries on a combined release of additional oil from global strategic crude reserves.</p><p>All three major indexes sold off early in the day on news of Russia&#39;s invasion of Ukraine, with the Nasdaq down more than 3% at the open. They hit session highs in the wake of Biden&#39;s comments and rallied heading into the close.</p><p>&#34;The tough stand the U.S. and Europe is taking is sending a loud message to the financial markets that they&#39;re going to try to cripple as much as they can the Russian economy,&#34; said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.</p><p>&#34;From <a href=\"https://laohu8.com/S/AONE.U\">one</a> perspective that&#39;s positive,&#34; he said, adding that the selling in the market may not be over. &#34;Going forward, we&#39;re still subject to probably higher oil prices, probably higher commodity prices.&#34;</p><p>Investors have been worried about how increasing inflation will affect the outlook for the Federal Reserve and higher interest rates.</p><p>Ukrainian forces battled Russian invaders on three sides on Thursday after Moscow mounted an assault by land, sea and air in the biggest attack on a European state since World War <a href=\"https://laohu8.com/S/TWOA.U\">Two</a>.</p><p>The information technology sector rose 3.5% and gave the S&amp;P 500 its biggest boost, in a reversal from recent action.</p><p>The Dow Jones Industrial Average rose 92.07 points, or 0.28%, to 33,223.83, the S&amp;P 500 gained 63.2 points, or 1.50%, to 4,288.7 and the Nasdaq Composite added 436.10 points, or 3.34%, to 13,473.59.</p><p>Early in the session, the Nasdaq was down more than 20% from its November closing record high. If it had closed at that level, it would have confirmed it was in a bear market.</p><p>&#34;Tech had the most technical damage, so it&#39;s good to see tech pick up the pieces,&#34; said Jamie Cox, managing partner of Harris Financial Group in Richmond, Virginia.</p><p>The S&amp;P 500 earlier this week confirmed that it was in a correction. A correction is confirmed when an index closes 10% or more below its record closing level.</p><p>The CBOE Volatility index, known as Wall Street&#39;s fear gauge, ended lower on the day.</p><p>&#34;You had a lot of the uncertainty priced in to the market,&#34; said Keith Lerner, co-chief investment officer at Truist Advisory Services in Atlanta.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.14-to-1 ratio; on Nasdaq, a 1.53-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 2 new 52-week highs and 64 new lows; the Nasdaq Composite recorded 19 new highs and 974 new lows.</p><p>Volume on U.S. exchanges was 17.52 billion shares, compared with the 12.1 billion average for the full session over the last 20 trading days. (Reporting by Caroline Valetkevitch in New York Additional reporting by Susan Mathew, Devik Jain and Bansari Mayur Kamdar in Bengaluru Editing by Anil D&#39;Silva and Matthew Lewis)</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall St Rallies as West Hits Russia with New Sanctions</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall St Rallies as West Hits Russia with New Sanctions\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-25 07:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-st-rallies-214749851.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>* Biden says he is authorizing new sanctions against Russia* Russia begins all-out invasion of Ukraine* Indexes: Dow up 0.3%, S&P 500 up 1.5%, Nasdaq up 3.3% (Adds volume totals after close, analyst ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-st-rallies-214749851.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-st-rallies-214749851.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2214997386","content_text":"* Biden says he is authorizing new sanctions against Russia* Russia begins all-out invasion of Ukraine* Indexes: Dow up 0.3%, S&P 500 up 1.5%, Nasdaq up 3.3% (Adds volume totals after close, analyst comments, market details)NEW YORK, Feb 24 (Reuters) - U.S. stocks ended sharply higher on Thursday, led by a 3% gain in the Nasdaq, in a dramatic market reversal as U.S. President Joe Biden unveiled harsh new sanctions against Russia after Moscow began an all-out invasion of Ukraine.The S&P 500 rose more than 1%, ending a four-day slide amid worries over the escalating crisis. The Dow also ended in positive territory.After consulting counterparts from the Group of Seven nations, Biden announced measures to impede Russia's ability to do business in the world's major currencies, along with sanctions against banks and state-owned enterprises.The White House has warned Americans that the conflict could lead to higher fuel prices in the United States, but U.S. officials have been working with counterparts in other countries on a combined release of additional oil from global strategic crude reserves.All three major indexes sold off early in the day on news of Russia's invasion of Ukraine, with the Nasdaq down more than 3% at the open. They hit session highs in the wake of Biden's comments and rallied heading into the close.\"The tough stand the U.S. and Europe is taking is sending a loud message to the financial markets that they're going to try to cripple as much as they can the Russian economy,\" said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.\"From one perspective that's positive,\" he said, adding that the selling in the market may not be over. \"Going forward, we're still subject to probably higher oil prices, probably higher commodity prices.\"Investors have been worried about how increasing inflation will affect the outlook for the Federal Reserve and higher interest rates.Ukrainian forces battled Russian invaders on three sides on Thursday after Moscow mounted an assault by land, sea and air in the biggest attack on a European state since World War Two.The information technology sector rose 3.5% and gave the S&P 500 its biggest boost, in a reversal from recent action.The Dow Jones Industrial Average rose 92.07 points, or 0.28%, to 33,223.83, the S&P 500 gained 63.2 points, or 1.50%, to 4,288.7 and the Nasdaq Composite added 436.10 points, or 3.34%, to 13,473.59.Early in the session, the Nasdaq was down more than 20% from its November closing record high. If it had closed at that level, it would have confirmed it was in a bear market.\"Tech had the most technical damage, so it's good to see tech pick up the pieces,\" said Jamie Cox, managing partner of Harris Financial Group in Richmond, Virginia.The S&P 500 earlier this week confirmed that it was in a correction. A correction is confirmed when an index closes 10% or more below its record closing level.The CBOE Volatility index, known as Wall Street's fear gauge, ended lower on the day.\"You had a lot of the uncertainty priced in to the market,\" said Keith Lerner, co-chief investment officer at Truist Advisory Services in Atlanta.Advancing issues outnumbered declining ones on the NYSE by a 1.14-to-1 ratio; on Nasdaq, a 1.53-to-1 ratio favored advancers.The S&P 500 posted 2 new 52-week highs and 64 new lows; the Nasdaq Composite recorded 19 new highs and 974 new lows.Volume on U.S. exchanges was 17.52 billion shares, compared with the 12.1 billion average for the full session over the last 20 trading days. (Reporting by Caroline Valetkevitch in New York Additional reporting by Susan Mathew, Devik Jain and Bansari Mayur Kamdar in Bengaluru Editing by Anil D'Silva and Matthew Lewis)","news_type":1},"isVote":1,"tweetType":1,"viewCount":428,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815312229,"gmtCreate":1630643511861,"gmtModify":1676530364821,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/815312229","repostId":"2164829818","repostType":4,"repost":{"id":"2164829818","kind":"highlight","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":1630615505,"share":"https://ttm.financial/m/news/2164829818?lang=&edition=fundamental","pubTime":"2021-09-03 04:45","market":"us","language":"en","title":"S&P, Nasdaq edge to record closes, energy stocks buoyant","url":"https://stock-news.laohu8.com/highlight/detail?id=2164829818","media":"Reuters","summary":"Energy stocks rally on oil price gains\nWeekly jobless claims fall\nIndexes up: Dow 0.37%, S&P 0.28%, ","content":"<ul>\n <li>Energy stocks rally on oil price gains</li>\n <li>Weekly jobless claims fall</li>\n <li>Indexes up: Dow 0.37%, S&amp;P 0.28%, Nasdaq 0.14%</li>\n</ul>\n<p>Sept 2 (Reuters) - The S&amp;P 500 and Nasdaq eked out record finishes on Thursday, while the Dow also posted a modest gain, as higher commodity prices helped energy names recover ground and the latest jobs data left investors unfazed about existing positions.</p>\n<p>The energy sector rose 2.5%, reversing much of the loss suffered during the first three days of the week. Thursday's performance was fueled by U.S. crude prices jumping 2% on a sharp decline in U.S. inventories and a weaker dollar.</p>\n<p>Cabot Oil &amp; Gas Corp and Occidental Petroleum Corp&nbsp;were the largest risers, up 6.7% and 6% respectively, with oil majors Exxon Mobil and Chevron Corp both advancing more than 2%.</p>\n<p>The technology index slipped into negative territory, as some of the industry's largest companies saw their recent upward momentum stall.</p>\n<p>Amazon.com Inc, Microsoft Corp, <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc and Google-owner Alphabet Inc all fell between 0.2% and 1.8%. A notable exception was Netflix Inc, which advanced 1.1% to close at an all-time high.</p>\n<p>U.S. stocks have regularly hit record highs over the past few weeks as a solid corporate earnings season and hopes of continued central bank support underpinned confidence.</p>\n<p>Still, each new data set is viewed through the prism of whether the numbers might influence the Federal Reserve's tapering timetable.</p>\n<p>\"I feel like sometimes we end up trying to read the tea-leaves too hard, and the Fed has been pretty good on communicating on (tapering),\" said Jason Pride, chief investment officer of private wealth at Glenmede, noting the Fed remains on the path to begin tapering around year-end.</p>\n<p>Data on Thursday showed the number of Americans filing new claims for jobless benefits fell last week, although the focus will be on the Labor Department's monthly jobs report on Friday to set the stage for the Fed's policy meeting later this month.</p>\n<p>\"You have to see very wide beats or misses in this data to really change people's minds,\" said Greg Boutle, U.S. head of equity and derivative strategy at <a href=\"https://laohu8.com/S/BNPQF\">BNP Paribas</a>.</p>\n<p>\"Investors are either in this renormalization camp that thinks inflation will not happen, or they believe there will be some persistence to inflation. Really, it will be a collection of beats or misses that will move the needle for investors and the Fed, rather than a single data point.\"</p>\n<p>The Dow Jones Industrial Average rose 131.29 points, or 0.37%, to 35,443.82, the S&amp;P 500 gained 12.86 points, or 0.28%, to 4,536.95 and the Nasdaq Composite added 21.80 points, or 0.14%, to 15,331.18.</p>\n<p>Despite deadly flash floods in New York City, trading on Wall Street was operating normally.</p>\n<p>Wells Fargo rose 2.6% after three straight sessions of losses. The lender had been weighed by a report it could face further regulatory sanctions over the pace of compensating victims of a years-long sales practice scandal.</p>\n<p>Volume on U.S. exchanges was 9.23 billion shares, compared with the 9.01 billion average for the full session over the last 20 trading days.</p>\n<p>The S&amp;P 500 posted 78 new 52-week highs and <a href=\"https://laohu8.com/S/AONE.U\">one</a> new low; the Nasdaq Composite recorded 154 new highs and 14 new lows.</p>\n<p>(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Aditya Soni and Lisa Shumaker)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P, Nasdaq edge to record closes, energy stocks buoyant</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\">\nS&P, Nasdaq edge to record closes, energy stocks buoyant\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-09-03 04:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Energy stocks rally on oil price gains</li>\n <li>Weekly jobless claims fall</li>\n <li>Indexes up: Dow 0.37%, S&amp;P 0.28%, Nasdaq 0.14%</li>\n</ul>\n<p>Sept 2 (Reuters) - The S&amp;P 500 and Nasdaq eked out record finishes on Thursday, while the Dow also posted a modest gain, as higher commodity prices helped energy names recover ground and the latest jobs data left investors unfazed about existing positions.</p>\n<p>The energy sector rose 2.5%, reversing much of the loss suffered during the first three days of the week. Thursday's performance was fueled by U.S. crude prices jumping 2% on a sharp decline in U.S. inventories and a weaker dollar.</p>\n<p>Cabot Oil &amp; Gas Corp and Occidental Petroleum Corp&nbsp;were the largest risers, up 6.7% and 6% respectively, with oil majors Exxon Mobil and Chevron Corp both advancing more than 2%.</p>\n<p>The technology index slipped into negative territory, as some of the industry's largest companies saw their recent upward momentum stall.</p>\n<p>Amazon.com Inc, Microsoft Corp, <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc and Google-owner Alphabet Inc all fell between 0.2% and 1.8%. A notable exception was Netflix Inc, which advanced 1.1% to close at an all-time high.</p>\n<p>U.S. stocks have regularly hit record highs over the past few weeks as a solid corporate earnings season and hopes of continued central bank support underpinned confidence.</p>\n<p>Still, each new data set is viewed through the prism of whether the numbers might influence the Federal Reserve's tapering timetable.</p>\n<p>\"I feel like sometimes we end up trying to read the tea-leaves too hard, and the Fed has been pretty good on communicating on (tapering),\" said Jason Pride, chief investment officer of private wealth at Glenmede, noting the Fed remains on the path to begin tapering around year-end.</p>\n<p>Data on Thursday showed the number of Americans filing new claims for jobless benefits fell last week, although the focus will be on the Labor Department's monthly jobs report on Friday to set the stage for the Fed's policy meeting later this month.</p>\n<p>\"You have to see very wide beats or misses in this data to really change people's minds,\" said Greg Boutle, U.S. head of equity and derivative strategy at <a href=\"https://laohu8.com/S/BNPQF\">BNP Paribas</a>.</p>\n<p>\"Investors are either in this renormalization camp that thinks inflation will not happen, or they believe there will be some persistence to inflation. Really, it will be a collection of beats or misses that will move the needle for investors and the Fed, rather than a single data point.\"</p>\n<p>The Dow Jones Industrial Average rose 131.29 points, or 0.37%, to 35,443.82, the S&amp;P 500 gained 12.86 points, or 0.28%, to 4,536.95 and the Nasdaq Composite added 21.80 points, or 0.14%, to 15,331.18.</p>\n<p>Despite deadly flash floods in New York City, trading on Wall Street was operating normally.</p>\n<p>Wells Fargo rose 2.6% after three straight sessions of losses. The lender had been weighed by a report it could face further regulatory sanctions over the pace of compensating victims of a years-long sales practice scandal.</p>\n<p>Volume on U.S. exchanges was 9.23 billion shares, compared with the 9.01 billion average for the full session over the last 20 trading days.</p>\n<p>The S&amp;P 500 posted 78 new 52-week highs and <a href=\"https://laohu8.com/S/AONE.U\">one</a> new low; the Nasdaq Composite recorded 154 new highs and 14 new lows.</p>\n<p>(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Aditya Soni and Lisa Shumaker)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2164829818","content_text":"Energy stocks rally on oil price gains\nWeekly jobless claims fall\nIndexes up: Dow 0.37%, S&P 0.28%, Nasdaq 0.14%\n\nSept 2 (Reuters) - The S&P 500 and Nasdaq eked out record finishes on Thursday, while the Dow also posted a modest gain, as higher commodity prices helped energy names recover ground and the latest jobs data left investors unfazed about existing positions.\nThe energy sector rose 2.5%, reversing much of the loss suffered during the first three days of the week. Thursday's performance was fueled by U.S. crude prices jumping 2% on a sharp decline in U.S. inventories and a weaker dollar.\nCabot Oil & Gas Corp and Occidental Petroleum Corp were the largest risers, up 6.7% and 6% respectively, with oil majors Exxon Mobil and Chevron Corp both advancing more than 2%.\nThe technology index slipped into negative territory, as some of the industry's largest companies saw their recent upward momentum stall.\nAmazon.com Inc, Microsoft Corp, Facebook Inc and Google-owner Alphabet Inc all fell between 0.2% and 1.8%. A notable exception was Netflix Inc, which advanced 1.1% to close at an all-time high.\nU.S. stocks have regularly hit record highs over the past few weeks as a solid corporate earnings season and hopes of continued central bank support underpinned confidence.\nStill, each new data set is viewed through the prism of whether the numbers might influence the Federal Reserve's tapering timetable.\n\"I feel like sometimes we end up trying to read the tea-leaves too hard, and the Fed has been pretty good on communicating on (tapering),\" said Jason Pride, chief investment officer of private wealth at Glenmede, noting the Fed remains on the path to begin tapering around year-end.\nData on Thursday showed the number of Americans filing new claims for jobless benefits fell last week, although the focus will be on the Labor Department's monthly jobs report on Friday to set the stage for the Fed's policy meeting later this month.\n\"You have to see very wide beats or misses in this data to really change people's minds,\" said Greg Boutle, U.S. head of equity and derivative strategy at BNP Paribas.\n\"Investors are either in this renormalization camp that thinks inflation will not happen, or they believe there will be some persistence to inflation. Really, it will be a collection of beats or misses that will move the needle for investors and the Fed, rather than a single data point.\"\nThe Dow Jones Industrial Average rose 131.29 points, or 0.37%, to 35,443.82, the S&P 500 gained 12.86 points, or 0.28%, to 4,536.95 and the Nasdaq Composite added 21.80 points, or 0.14%, to 15,331.18.\nDespite deadly flash floods in New York City, trading on Wall Street was operating normally.\nWells Fargo rose 2.6% after three straight sessions of losses. The lender had been weighed by a report it could face further regulatory sanctions over the pace of compensating victims of a years-long sales practice scandal.\nVolume on U.S. exchanges was 9.23 billion shares, compared with the 9.01 billion average for the full session over the last 20 trading days.\nThe S&P 500 posted 78 new 52-week highs and one new low; the Nasdaq Composite recorded 154 new highs and 14 new lows.\n(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Aditya Soni and Lisa Shumaker)","news_type":1},"isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9923084398,"gmtCreate":1670756679215,"gmtModify":1676538428601,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"LLike","listText":"LLike","text":"LLike","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9923084398","repostId":"2290213223","repostType":4,"repost":{"id":"2290213223","kind":"highlight","pubTimestamp":1670723606,"share":"https://ttm.financial/m/news/2290213223?lang=&edition=fundamental","pubTime":"2022-12-11 09:53","market":"us","language":"en","title":"Why Stock-Market Investors Shouldn’t Count on a \"Santa Claus\" Rally This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=2290213223","media":"MarketWatch","summary":"‘The Santa Claus rally is canceled this year,’ says economistU.S. stocks tend to rally in the final ","content":"<html><head></head><body><p>‘The Santa Claus rally is canceled this year,’ says economist</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e0a959345916d49ecfb90abc84cc5b97\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>U.S. stocks tend to rally in the final week of December, and carry the upswing into early January. But a holiday bounce this year likely hinges on next week’s Federal Reserve rate decision and fresh inflation data.</span></p><p>Investors, like kids on Christmas Eve, have come to expect Santa Claus will get down the chimney, march over to Wall Street and deliver the rewarding gift of a stock-market rally.</p><p>This year, however, investors might be better off betting on a lump of coal, rather than waiting for tangible stock-market gains to emerge in this holiday season, market analysts said.</p><p>“The Santa Claus rally is canceled this year as the equity market navigates higher yields and contracting earnings,” said José Torres, senior economist at Interactive Brokers. “Seasonal tailwinds that have traditionally driven Santa Claus rallies pale in comparison to the plethora of headwinds the equity market currently faces.”</p><p>U.S. stock indexes tumbled this week, with the S&amp;P 500 and the Dow Jones Industrial Average both booking their sharpest weekly declines in nearly three months, according to Dow Jones Market Data. The drop occurred as stronger-than-expected economic data added to concerns that the Federal Reserve might need to be more aggressive in its inflation battle than earlier anticipated, even with alarms flashing about a potential economic recession.</p><p>Santa Claus tends to come to Wall Street almost every year, bringing a short rally in the last five trading days of December, and the first two days of January. Since 1969, the Santa Rally has boosted the S&amp;P 500 by an average of 1.3%, according to data from Stock Trader’s Almanac.</p><p>“December is the seasonally strongest month of the year, particularly in a midterm election year. So, December has been positive most of the time,” said David Keller, chief market strategist at StockCharts.com. “It would actually be very unusual for stocks to sell off dramatically in December.”</p><p><b>Will Wall Street get a Santa Claus Rally?</b></p><p>A rotten year for financial assets has begun drawing to a close under a cloud of uncertainty. Given the Federal Reserve’s tough stance on bringing inflation down to its 2% target and already volatile financial markets, many analysts think investors shouldn’t focus too much on whether Santa Claus ends up being naughty or nice.</p><p>“Next week is going to be a huge week for the markets as they attempt to find some footing heading into year end,” said Cliff Hodge, chief investment officer at Cornerstone Wealth, in emailed comments Friday.</p><p>That makes the Fed’s rate decisions next week and fresh inflation data even more crucial to equity markets. Friday’s wholesale prices rose more than expected in November, dampening hopes that inflation might be cooling off. The core producer-price index, which excludes volatile food, energy and trade prices, also rose 0.3% in November, up from a 0.2% gain in the prior month, the Labor Department said.</p><p>The corresponding November consumer-price index report, due at 8:30 a.m. Eastern on Tuesday, will further show if inflation is subsiding.The CPI increased 0.4% in October and 7.7% from a year ago. The core reading increased 0.3% for the month and 6.3% on an annual basis.</p><p>“If the CPI print comes in at 5% on core, then you’d get a real selloff in bonds and in equities. If inflation is still running hotter and you have a recession, can the Fed cut rates? Maybe not. Then you start getting into the stagflation scenarios,” said Ron Temple, head of U.S. equities at Lazard Asset Management.</p><p>Traders are pricing in a 77% probability that the Fed will raise its policy interest rate by 50 basis points to a range of 4.25% to 4.50% next Wednesday, the last day of its Dec. 13-14 meeting, according to the CME FedWatch tool.That would be a slower pace than its four consecutive 0.75 point rate hikes since June.</p><p>John Porter, chief investment officer and head of equity at Newton Investment Management, expects no surprises next week in terms of how much the Fed will raise interest rates. He does, however, anticipate stock-market investors will closely watch Fed Chair Powell’s press conference for insights into the decision and “hang on every single word.”</p><p>“Investors are contorting themselves almost into a pretzel and trying to over-interpret the language,” Porter told MarketWatch via phone. “Listen to what they say, not listen to what you want them to say. They [Fed officials] are going to continue to be vigilant, and they have to watch inflation.”</p><p><b>Does the ‘Santa’ rally really exist?</b></p><p>For years, market analysts have examined potential reasons for the typical seasonal Santa Claus pattern. But with this year still awash in red, some think a rally in late December could become a self-fulfilling prophecy, simply because investors might search for any reason to be slightly merry.</p><p>“If everyone’s focused on the positive seasonals, it could become more of this narrative that drives things rather than anything more fundamental,” David Lefkowitz, head of equities Americas of UBS Global Wealth Management, told MarketWatch via phone.</p><p>“Markets tend to like the holly-jolly spending season so much, so there’s a name for the rally that tends to happen at the end of the year,” said Liz Young, head of investment strategy at SoFi. “For what it’s worth, I think ‘Santa Claus Rally’ holds as much predictive power as ‘Sell in May and Walk Away,’ which is minimal and coincidental at best.”</p><p><b>Relief rally’s big tests</b></p><p>While the three main U.S. stock indexes booked sharply weekly losses, equities have rallied off the October lows. The S&amp;P 500 has rallied 9.9% from its October low through Friday, while the Dow Jones Industrial AverageDJIA,-0.90%gained 16.5% and the Nasdaq Composite advanced 6.6%, according to Dow Jones Market Data.</p><p>However, many top Wall Street analysts also see reasons for alarm, specifically that the stock market’s bounce off the recent lows is likely running out of room.</p><p>So, are investors ignoring warnings? Despite talk of the seeming inevitability of a year-end rally, several recent rally attempts failed, while Wall Street’s CBOE Volatility Index, or “fear gauge,” was at 22.86 at Friday’s close. A drop below 20 on the VIX can signify that investor fears about potential market ructions are easing.</p><p>U.S. stock indexes closed down on Friday with the S&amp;P 500 losing 0.7%. The Dow dropped 0.9%, and the Nasdaq shed 0.7%. Three major indexes booked a week of sizable losses with the S&amp;P 500 posting a weekly decline of 3.4%. The Dow declined by 2.8% and the Nasdaq Composite was down nearly 4% this week, according to Dow Jones Market Data.</p><p>Next week, not long after the CPI and the Fed decision, investors will also receive November retail sales data and industrial production index on Thursday, followed by the S&amp;P Global’s flash PMI readings on Friday.</p></body></html>","source":"lsy1603348471595","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 Stock-Market Investors Shouldn’t Count on a \"Santa Claus\" Rally This Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Stock-Market Investors Shouldn’t Count on a \"Santa Claus\" Rally This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-11 09:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-stock-market-investors-shouldnt-count-on-a-santa-claus-rally-this-year-11670628375?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>‘The Santa Claus rally is canceled this year,’ says economistU.S. stocks tend to rally in the final week of December, and carry the upswing into early January. But a holiday bounce this year likely ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-stock-market-investors-shouldnt-count-on-a-santa-claus-rally-this-year-11670628375?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/why-stock-market-investors-shouldnt-count-on-a-santa-claus-rally-this-year-11670628375?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2290213223","content_text":"‘The Santa Claus rally is canceled this year,’ says economistU.S. stocks tend to rally in the final week of December, and carry the upswing into early January. But a holiday bounce this year likely hinges on next week’s Federal Reserve rate decision and fresh inflation data.Investors, like kids on Christmas Eve, have come to expect Santa Claus will get down the chimney, march over to Wall Street and deliver the rewarding gift of a stock-market rally.This year, however, investors might be better off betting on a lump of coal, rather than waiting for tangible stock-market gains to emerge in this holiday season, market analysts said.“The Santa Claus rally is canceled this year as the equity market navigates higher yields and contracting earnings,” said José Torres, senior economist at Interactive Brokers. “Seasonal tailwinds that have traditionally driven Santa Claus rallies pale in comparison to the plethora of headwinds the equity market currently faces.”U.S. stock indexes tumbled this week, with the S&P 500 and the Dow Jones Industrial Average both booking their sharpest weekly declines in nearly three months, according to Dow Jones Market Data. The drop occurred as stronger-than-expected economic data added to concerns that the Federal Reserve might need to be more aggressive in its inflation battle than earlier anticipated, even with alarms flashing about a potential economic recession.Santa Claus tends to come to Wall Street almost every year, bringing a short rally in the last five trading days of December, and the first two days of January. Since 1969, the Santa Rally has boosted the S&P 500 by an average of 1.3%, according to data from Stock Trader’s Almanac.“December is the seasonally strongest month of the year, particularly in a midterm election year. So, December has been positive most of the time,” said David Keller, chief market strategist at StockCharts.com. “It would actually be very unusual for stocks to sell off dramatically in December.”Will Wall Street get a Santa Claus Rally?A rotten year for financial assets has begun drawing to a close under a cloud of uncertainty. Given the Federal Reserve’s tough stance on bringing inflation down to its 2% target and already volatile financial markets, many analysts think investors shouldn’t focus too much on whether Santa Claus ends up being naughty or nice.“Next week is going to be a huge week for the markets as they attempt to find some footing heading into year end,” said Cliff Hodge, chief investment officer at Cornerstone Wealth, in emailed comments Friday.That makes the Fed’s rate decisions next week and fresh inflation data even more crucial to equity markets. Friday’s wholesale prices rose more than expected in November, dampening hopes that inflation might be cooling off. The core producer-price index, which excludes volatile food, energy and trade prices, also rose 0.3% in November, up from a 0.2% gain in the prior month, the Labor Department said.The corresponding November consumer-price index report, due at 8:30 a.m. Eastern on Tuesday, will further show if inflation is subsiding.The CPI increased 0.4% in October and 7.7% from a year ago. The core reading increased 0.3% for the month and 6.3% on an annual basis.“If the CPI print comes in at 5% on core, then you’d get a real selloff in bonds and in equities. If inflation is still running hotter and you have a recession, can the Fed cut rates? Maybe not. Then you start getting into the stagflation scenarios,” said Ron Temple, head of U.S. equities at Lazard Asset Management.Traders are pricing in a 77% probability that the Fed will raise its policy interest rate by 50 basis points to a range of 4.25% to 4.50% next Wednesday, the last day of its Dec. 13-14 meeting, according to the CME FedWatch tool.That would be a slower pace than its four consecutive 0.75 point rate hikes since June.John Porter, chief investment officer and head of equity at Newton Investment Management, expects no surprises next week in terms of how much the Fed will raise interest rates. He does, however, anticipate stock-market investors will closely watch Fed Chair Powell’s press conference for insights into the decision and “hang on every single word.”“Investors are contorting themselves almost into a pretzel and trying to over-interpret the language,” Porter told MarketWatch via phone. “Listen to what they say, not listen to what you want them to say. They [Fed officials] are going to continue to be vigilant, and they have to watch inflation.”Does the ‘Santa’ rally really exist?For years, market analysts have examined potential reasons for the typical seasonal Santa Claus pattern. But with this year still awash in red, some think a rally in late December could become a self-fulfilling prophecy, simply because investors might search for any reason to be slightly merry.“If everyone’s focused on the positive seasonals, it could become more of this narrative that drives things rather than anything more fundamental,” David Lefkowitz, head of equities Americas of UBS Global Wealth Management, told MarketWatch via phone.“Markets tend to like the holly-jolly spending season so much, so there’s a name for the rally that tends to happen at the end of the year,” said Liz Young, head of investment strategy at SoFi. “For what it’s worth, I think ‘Santa Claus Rally’ holds as much predictive power as ‘Sell in May and Walk Away,’ which is minimal and coincidental at best.”Relief rally’s big testsWhile the three main U.S. stock indexes booked sharply weekly losses, equities have rallied off the October lows. The S&P 500 has rallied 9.9% from its October low through Friday, while the Dow Jones Industrial AverageDJIA,-0.90%gained 16.5% and the Nasdaq Composite advanced 6.6%, according to Dow Jones Market Data.However, many top Wall Street analysts also see reasons for alarm, specifically that the stock market’s bounce off the recent lows is likely running out of room.So, are investors ignoring warnings? Despite talk of the seeming inevitability of a year-end rally, several recent rally attempts failed, while Wall Street’s CBOE Volatility Index, or “fear gauge,” was at 22.86 at Friday’s close. A drop below 20 on the VIX can signify that investor fears about potential market ructions are easing.U.S. stock indexes closed down on Friday with the S&P 500 losing 0.7%. The Dow dropped 0.9%, and the Nasdaq shed 0.7%. Three major indexes booked a week of sizable losses with the S&P 500 posting a weekly decline of 3.4%. The Dow declined by 2.8% and the Nasdaq Composite was down nearly 4% this week, according to Dow Jones Market Data.Next week, not long after the CPI and the Fed decision, investors will also receive November retail sales data and industrial production index on Thursday, followed by the S&P Global’s flash PMI readings on Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961386696,"gmtCreate":1668838727715,"gmtModify":1676538120747,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9961386696","repostId":"1143890380","repostType":4,"repost":{"id":"1143890380","kind":"news","pubTimestamp":1668822759,"share":"https://ttm.financial/m/news/1143890380?lang=&edition=fundamental","pubTime":"2022-11-19 09:52","market":"us","language":"en","title":"Sea Limited: Profitability May Be Around The Corner","url":"https://stock-news.laohu8.com/highlight/detail?id=1143890380","media":"Seeking Alpha","summary":"SummaryFurther uncertainty for Sea Limited's Garena as its QAU did not stabilize as expected. New ga","content":"<html><head></head><body><h3>Summary</h3><ul><li>Further uncertainty for Sea Limited&#39;s Garena as its QAU did not stabilize as expected. New games were launched in recent months.</li><li>Shopee’s race to profitability has accelerated as shown in the material improvements in unit economics, and they are expected to be profitable by FY23.</li><li>SeaBank&#39;s credit business is growing strongly and its overall credit business is profitable and cash flow positive. Its revenue now makes up 10.4% of its overall revenue.</li><li>Execution has been on point in attaining profitability although that resulted in declining growth in FY22. Management believes growth can reaccelerate once it achieves profitability.</li><li>Sea Limited has sufficient cash reserves to pay off the convertible notes.</li></ul><h3>Investment Thesis</h3><p><a href=\"https://laohu8.com/S/SE\">Sea Limited</a> has come under much scrutiny in the past 2 years as the shift in focus from growth to profitability and macro headwinds have led to a massive growth decline across itsShopee and Garena units. While this is unfortunate, management has executed brilliantly so far to turn the company into an increasingly self-sufficient business in the near term.</p><p>In this article, I attempt to dive deeper into itsQ3 2022 resultand provide an overall analysis of the earnings. Although I’d like to highlight that the management has explicitly stated that growth can reaccelerate after attaining profitability and that they have a sufficient cash reserve to pay off the convertible notes sitting on the balance sheet.</p><h3>Garena<img src=\"https://static.tigerbbs.com/ab8fe0ed7909a98b7fdf0b930bc362df\" tg-width=\"1200\" tg-height=\"742\" referrerpolicy=\"no-referrer\"/></h3><p>SE 10-Q</p><p><img src=\"https://static.tigerbbs.com/8386bb1c95c3d5300e1fe0f371528199\" tg-width=\"1200\" tg-height=\"742\" referrerpolicy=\"no-referrer\"/></p><p>SE 10-Q</p><p>Garena’s QAU and QPU continued to decline sequentially, as the management’s anticipation of its user base stabilizing did not materialize. The macro headwinds continue to be a headache, and it seems that there is more uncertainty lying ahead for Garena Free Fire. The key forward is to focus on launching new games, with games such asPrimitive EraandBlack Clover Mobilelaunching recently. While this indicates that management is working hard to reaccelerate Garena’s growth, it is important to recognize that the success of games is not guaranteed, and this is the bigger uncertainty for the business. As a result, this caused its adjusted EBITDA margin to further decline to 32.5% during the quarter.</p><p>Additionally, management states that the expiry of the agreement with Riot Games will have no impact on Garena’s publishing business, and Garena is seeking other top-game developers for their publishing business.</p><p>Shopee<img src=\"https://static.tigerbbs.com/79b7f33be279fa015f52addd35b55d96\" tg-width=\"1200\" tg-height=\"742\" referrerpolicy=\"no-referrer\"/>SE 10-Q<img src=\"https://static.tigerbbs.com/6aaff49a0ba8c901eadda2b7cf01a391\" tg-width=\"1200\" tg-height=\"742\" referrerpolicy=\"no-referrer\"/>SE 10-Q</p><p>Shopee’s GMV grew 14% Y/Y and the number of orders grew 18% Y/Y, a continuous decline in the past couple of quarters. This is a result of management pulling back on its sales and marketing (“S&amp;M”) expenses, exiting multiple markets, cutting costs aggressively (such as hiring), and lastly, the lower consumer discretionary spending. This is in contrast to Lazada (NYSE: BABA), as the number oforders declined Y/Yand they are also prioritizing profitability through increased monetization.</p><p>While this does show that consumers continue to spend on Shopee in SEA, its GMV and number of orders are partially contributed by Shopee Brazil. In a tough macro environment, Shopee experienced a 36% Y/Y growth in the number of brands on the platform, indicating that Shopee is an increasingly important partner in growing its online revenue.<img src=\"https://static.tigerbbs.com/7e09e1e030c482f41afaf8695896f9ec\" tg-width=\"1200\" tg-height=\"742\" referrerpolicy=\"no-referrer\"/>SE 10-Q</p><p>The more important portion is Shopee’s improvement in profitability. Its overall adjusted EBITDA loss per order continues to improve by 23.5% sequentially, and more specifically, Shopee Brazil’s loss per order improved by 27.5% sequentially during the quarter as compared to 6.6% in the last quarter. Moreover, Shopee is expected to attain profitability by FY23 instead of FY25 as previously guided by the management. This goes to show that the management has made great strides in pursuing profitability, which is impressive in my view. Once it attained self-sufficiency, growth can reaccelerate, although, the management is expecting flat or negative growth in certain metrics in the near term.</p><h3>SeaBank</h3><p><i>Note that I will be using “SeaBank” and “SeaMoney” interchangeably.</i></p><p><img src=\"https://static.tigerbbs.com/0f0cb77d6ac22f50a1208eaf075db51c\" tg-width=\"1200\" tg-height=\"742\" referrerpolicy=\"no-referrer\"/></p><p>SE 10-Q</p><p>SeaMoney’s loan receivables grew 46% from 4Q21 and 110% from 3Q21 to $2.2 billion. These are loans provided to customers whereby SeaMoney generates revenue by charging interest rates, and it has been growing quickly. In myprevious article, I showed that in Sep 2022, SeaBank Indonesia grew its loans and customer deposits by 111% Y/Y and 147% Y/Y, respectively, and the launch of ShopeePay in Brazil. During the earnings call, management stated that the credit business is profitable and cash flow positive, and it will be focusing on growing this business in Southeast Asia (“SEA”) and Brazil.</p><p>Additionally, they have also said to diversify their source of funding for the credit business, which I believe is to seek third-party financing partners to reduce the capital required for the business and at the same time, reduce credit risk. Similar to Bank Jago (IDX: ARTO), SeaBank may utilize the data of its partners to help improve the non-performing loans and scale its lending. Readers who are unaware of SeaBank’s business model can head to mydeep diveinto the company.</p><p><img src=\"https://static.tigerbbs.com/2de194897c03f180f99a0dd2b75bf2d0\" tg-width=\"1200\" tg-height=\"742\" referrerpolicy=\"no-referrer\"/></p><p>SE 10-Q</p><p><img src=\"https://static.tigerbbs.com/5932cc09aca0134084217800afb30399\" tg-width=\"1200\" tg-height=\"742\" referrerpolicy=\"no-referrer\"/></p><p>SE 10-Q</p><p><img src=\"https://static.tigerbbs.com/6205c82c79c753720862ed8385dd0e2a\" tg-width=\"1200\" tg-height=\"742\" referrerpolicy=\"no-referrer\"/></p><p>SE 10-Q</p><p>As a result of its growing deposits and loan books, its Q3 2022 revenue grew 147% Y/Y, and it has been increasingly making up a bigger portion of its overall revenue at 10.4% this quarter. Management had also been deliberate in cutting down on S&amp;M expenses and combined with its acceleration revenue growth, its adjusted EBITDA margin has improved massively to -20.7% during the quarter. This is compared to -40% in 2Q22 and -120.3% a year ago.</p><h3>Sufficient Cash Reserves To Pay off Convertible Notes<img src=\"https://static.tigerbbs.com/4ff585449530fce4084e7d1447e077b4\" tg-width=\"1280\" tg-height=\"798\" referrerpolicy=\"no-referrer\"/></h3><p>SE 10-Q</p><p>One of the biggest concerns about Sea Limited for investors is the cash burn rate, as they fear that the company does not have enough sufficient cash reserves to pay off convertible notes maturing in 2026. However, not only did the cash outflow slow in Q3 2022, but the management has also hinted that there are sufficient cash reserves to pay off the convertible notes:</p><blockquote>“We aim to continue to maintain a net cash position, after budgeting for the full retirement in cash of outstanding convertible bonds and assuming no external funding.”</blockquote><h3>Conclusion</h3><p>Overall, this was a pretty decent quarter for Sea Limited, as we could see that they had made huge improvements on the road to profitability, particularly for Shopee. While that comes at a growth trade-off, management has indicated that Shopee can reaccelerate its growth after attaining profitability in FY23, which is pulled forward from FY25 as guided previously.</p><p>Garena&#39;s results continue to be a concern as macro seems to have a longer-than-expected impact on its user base and its profitability as a result has been trending downwards over the past couple of quarters. Management has been working hard on its gaming pipelines, although the uncertainty lies in the successes of these new games and whether they could reaccelerate their growth in the future.</p><p>SeaBank has been growing its top line really quickly and huge improvements were made on the bottom line as well. Furthermore, the overall credit business is profitable and is generating positive cash flow, and has been increasingly making up a larger proportion of its total revenue. I continue to believe that this can be a potential growth driver for Sea Limited.</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>Sea Limited: Profitability May Be Around The Corner</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: Profitability May Be Around The Corner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4559176-sea-limited-profitability-may-be-around-the-corner><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryFurther uncertainty for Sea Limited's Garena as its QAU did not stabilize as expected. New games were launched in recent months.Shopee’s race to profitability has accelerated as shown in the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4559176-sea-limited-profitability-may-be-around-the-corner\">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/4559176-sea-limited-profitability-may-be-around-the-corner","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143890380","content_text":"SummaryFurther uncertainty for Sea Limited's Garena as its QAU did not stabilize as expected. New games were launched in recent months.Shopee’s race to profitability has accelerated as shown in the material improvements in unit economics, and they are expected to be profitable by FY23.SeaBank's credit business is growing strongly and its overall credit business is profitable and cash flow positive. Its revenue now makes up 10.4% of its overall revenue.Execution has been on point in attaining profitability although that resulted in declining growth in FY22. Management believes growth can reaccelerate once it achieves profitability.Sea Limited has sufficient cash reserves to pay off the convertible notes.Investment ThesisSea Limited has come under much scrutiny in the past 2 years as the shift in focus from growth to profitability and macro headwinds have led to a massive growth decline across itsShopee and Garena units. While this is unfortunate, management has executed brilliantly so far to turn the company into an increasingly self-sufficient business in the near term.In this article, I attempt to dive deeper into itsQ3 2022 resultand provide an overall analysis of the earnings. Although I’d like to highlight that the management has explicitly stated that growth can reaccelerate after attaining profitability and that they have a sufficient cash reserve to pay off the convertible notes sitting on the balance sheet.GarenaSE 10-QSE 10-QGarena’s QAU and QPU continued to decline sequentially, as the management’s anticipation of its user base stabilizing did not materialize. The macro headwinds continue to be a headache, and it seems that there is more uncertainty lying ahead for Garena Free Fire. The key forward is to focus on launching new games, with games such asPrimitive EraandBlack Clover Mobilelaunching recently. While this indicates that management is working hard to reaccelerate Garena’s growth, it is important to recognize that the success of games is not guaranteed, and this is the bigger uncertainty for the business. As a result, this caused its adjusted EBITDA margin to further decline to 32.5% during the quarter.Additionally, management states that the expiry of the agreement with Riot Games will have no impact on Garena’s publishing business, and Garena is seeking other top-game developers for their publishing business.ShopeeSE 10-QSE 10-QShopee’s GMV grew 14% Y/Y and the number of orders grew 18% Y/Y, a continuous decline in the past couple of quarters. This is a result of management pulling back on its sales and marketing (“S&M”) expenses, exiting multiple markets, cutting costs aggressively (such as hiring), and lastly, the lower consumer discretionary spending. This is in contrast to Lazada (NYSE: BABA), as the number oforders declined Y/Yand they are also prioritizing profitability through increased monetization.While this does show that consumers continue to spend on Shopee in SEA, its GMV and number of orders are partially contributed by Shopee Brazil. In a tough macro environment, Shopee experienced a 36% Y/Y growth in the number of brands on the platform, indicating that Shopee is an increasingly important partner in growing its online revenue.SE 10-QThe more important portion is Shopee’s improvement in profitability. Its overall adjusted EBITDA loss per order continues to improve by 23.5% sequentially, and more specifically, Shopee Brazil’s loss per order improved by 27.5% sequentially during the quarter as compared to 6.6% in the last quarter. Moreover, Shopee is expected to attain profitability by FY23 instead of FY25 as previously guided by the management. This goes to show that the management has made great strides in pursuing profitability, which is impressive in my view. Once it attained self-sufficiency, growth can reaccelerate, although, the management is expecting flat or negative growth in certain metrics in the near term.SeaBankNote that I will be using “SeaBank” and “SeaMoney” interchangeably.SE 10-QSeaMoney’s loan receivables grew 46% from 4Q21 and 110% from 3Q21 to $2.2 billion. These are loans provided to customers whereby SeaMoney generates revenue by charging interest rates, and it has been growing quickly. In myprevious article, I showed that in Sep 2022, SeaBank Indonesia grew its loans and customer deposits by 111% Y/Y and 147% Y/Y, respectively, and the launch of ShopeePay in Brazil. During the earnings call, management stated that the credit business is profitable and cash flow positive, and it will be focusing on growing this business in Southeast Asia (“SEA”) and Brazil.Additionally, they have also said to diversify their source of funding for the credit business, which I believe is to seek third-party financing partners to reduce the capital required for the business and at the same time, reduce credit risk. Similar to Bank Jago (IDX: ARTO), SeaBank may utilize the data of its partners to help improve the non-performing loans and scale its lending. Readers who are unaware of SeaBank’s business model can head to mydeep diveinto the company.SE 10-QSE 10-QSE 10-QAs a result of its growing deposits and loan books, its Q3 2022 revenue grew 147% Y/Y, and it has been increasingly making up a bigger portion of its overall revenue at 10.4% this quarter. Management had also been deliberate in cutting down on S&M expenses and combined with its acceleration revenue growth, its adjusted EBITDA margin has improved massively to -20.7% during the quarter. This is compared to -40% in 2Q22 and -120.3% a year ago.Sufficient Cash Reserves To Pay off Convertible NotesSE 10-QOne of the biggest concerns about Sea Limited for investors is the cash burn rate, as they fear that the company does not have enough sufficient cash reserves to pay off convertible notes maturing in 2026. However, not only did the cash outflow slow in Q3 2022, but the management has also hinted that there are sufficient cash reserves to pay off the convertible notes:“We aim to continue to maintain a net cash position, after budgeting for the full retirement in cash of outstanding convertible bonds and assuming no external funding.”ConclusionOverall, this was a pretty decent quarter for Sea Limited, as we could see that they had made huge improvements on the road to profitability, particularly for Shopee. While that comes at a growth trade-off, management has indicated that Shopee can reaccelerate its growth after attaining profitability in FY23, which is pulled forward from FY25 as guided previously.Garena's results continue to be a concern as macro seems to have a longer-than-expected impact on its user base and its profitability as a result has been trending downwards over the past couple of quarters. Management has been working hard on its gaming pipelines, although the uncertainty lies in the successes of these new games and whether they could reaccelerate their growth in the future.SeaBank has been growing its top line really quickly and huge improvements were made on the bottom line as well. Furthermore, the overall credit business is profitable and is generating positive cash flow, and has been increasingly making up a larger proportion of its total revenue. I continue to believe that this can be a potential growth driver for Sea Limited.","news_type":1},"isVote":1,"tweetType":1,"viewCount":103,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9981242229,"gmtCreate":1666535473461,"gmtModify":1676537766359,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9981242229","repostId":"2277232495","repostType":4,"repost":{"id":"2277232495","kind":"highlight","pubTimestamp":1666501378,"share":"https://ttm.financial/m/news/2277232495?lang=&edition=fundamental","pubTime":"2022-10-23 13:02","market":"us","language":"en","title":"3 Powerhouse Passive-Income Stocks That Each Yield More Than 4%","url":"https://stock-news.laohu8.com/highlight/detail?id=2277232495","media":"Motley Fool","summary":"Investing in equal parts of these three industrial and energy stocks gives an investor a dividend yield of 4.7%.","content":"<html><head></head><body><p>Red-hot inflation, geopolitical tensions, an uncertain outlook for consumer spending and the housing market -- the list of stock market headwinds goes on and on. One approach for folks looking for a simple way to ride out the volatility is to invest in good companies that have attractive dividend yields.</p><p>An advantage of a sizable yield -- particularly a yield of 4% or higher -- is that the dividend on its own is enough to supplement some income in retirement.</p><p>However, the 4% level is even more critical right now because rising interest rates have pushed the three-month Treasury bill rate up. In fact, the three-month Treasury bill yield is currently 3.8% -- which is the highest level in 15 years.</p><p>A stock with a 4% yield is essentially providing the same amount of passive income as a three-month Treasury bill while also giving exposure to the potential upside and downside of the equity market. <a href=\"https://laohu8.com/S/SWK\">Stanley Black &amp; Decker </a>, <a href=\"https://laohu8.com/S/TTE\">TotalEnergies</a>, and <a href=\"https://laohu8.com/S/BIP\">Brookfield Infrastructure Partners </a> are three excellent companies that also happen to be high-yield dividend stocks. Here&#39;s what makes each a great buy now.</p><h2>The key to the investment case is now the restructuring plan</h2><p><b>Lee Samaha</b> <b>(Stanley Black &amp; Decker): </b>It&#39;s been an awful year for hardware and tools company Stanley Black &amp; Decker. Investors started the year hoping for the company to begin overcoming supply chain pressures and its raw material costs. In doing so, Stanley would generate margin expansion in a year when it refocused on its core tools and storage and industrial products businesses.</p><p>Stanley sold its electronic security business and its automatic doors business this year. Meanwhile, Stanley bought the remaining 80% it didn&#39;t own in outdoor and lawn products company MTD at the end of 2021, and investors were looking forward to its integration into Stanley&#39;s business.</p><p>Unfortunately, almost everything went wrong. The supply chain issues persisted, as did raw material inflation. Meanwhile, Stanley&#39;s focus on the consumer, notably the housing market (DIY tools), exposes it to near-term risk as mortgage rates soar and the housing market slows.</p><p><img src=\"https://static.tigerbbs.com/ed42410d92dfaee449839211201891cb\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"/></p><p>Case-Shiller Composite 20 Home Price Index YoY data by YCharts</p><p>In response, management has initiated an aggressive restructuring plan to shave a whopping $2 billion off costs within three years. As such, the key to the investment case <i>is </i>the successful implementation of the restructuring plan, while investors hope the DIY tools market will hold up, so they can enjoy the current 4.2% yield while they wait for recovery. It&#39;s a compelling proposition, but perhaps one better looked at after the company&#39;s most recent results, due at the end of October.</p><h2>A well-rounded energy company with the highest yield in its peer group</h2><p><b>Daniel Foelber (TotalEnergies): </b>Today, big oil companies are investing in alternative and renewable energy, diversifying their portfolios away from oil and gas. However, there are still only a handful of American and European integrated oil majors that play in the upstream, midstream, and downstream spaces. French multinational TotalEnergies is one of the six majors alongside<b> BP</b>, <b>Shell</b>, <b>Equinor</b>, <b>Chevron</b>, and <b>ExxonMobil</b>. Yet Total is the only European major that didn&#39;t cut its dividend during the worst of the oil and gas crash of 2020.</p><p>Since then, BP, Shell, and Equinor have made sizable dividend raises, and Chevron and ExxonMobil have continued making moderate increases to maintain their status as Dividend Aristocrats. But Total still has the highest yield of the integrated majors -- with a yield of 5.5% (although taxes and fees apply for U.S. investors earning dividends from foreign companies).</p><p><img src=\"https://static.tigerbbs.com/f7a8db264fe60f27b7c5314075963c3b\" tg-width=\"720\" tg-height=\"666\" referrerpolicy=\"no-referrer\"/></p><p>TTE Dividend Yield data by YCharts</p><p>What&#39;s more, Total is an excellent value, with the second-lowest price-to-earnings (P/E) ratio of the majors at just 6.5. Investors should keep in mind that P/E ratios for the integrated oil major group as a whole are below their long-term averages despite their stock prices being up. The discounted valuation is likely due to expectations that profits will come down as oil and gas prices stabilize.</p><p>Aside from its high dividend yield and low valuation, Total is in a good position to take advantage of strong oil and gas prices and new investments in lower carbon solutions. Total has one of the lowest costs of production of the oil majors. Its aggressive investments in liquefied natural gas (LNG) have given it a 10% share of the global LNG market as Total works toward making natural gas 50% of its sales mix by 2030.</p><p>Total has also invested heavily in solar energy -- expanding its installed capacity from 0.7 gigawatts to 10 gigawatts between 2017 and 2021.</p><p>In sum, Total has an efficient oil and gas portfolio, a growing LNG and renewable energy portfolio, a discounted valuation, and the highest dividend yield of the oil majors.</p><h2>Build a better passive income stream with Brookfield</h2><p><b>Scott Levine (Brookfield Infrastructure): </b>Paying more at the pump, at the supermarket, at mom-and-pop shops can leave you feeling frustrated that your purchasing power has plummeted. Pinching the pursestrings may help alleviate the strain, but it&#39;s very likely that it won&#39;t be enough. Many investors, consequently, are turning to strong dividend stocks to boost their passive income -- especially those with appealing yields like the 4.4% forward dividend yield that Brookfield Infrastructure currently offers.</p><p>A global leader in infrastructure, Brookfield owns and operates a variety of assets that produce stable cash flows. Provided the company meets its funds from operations forecast and generates $2.70 per unit in 2022, the company will have increased its funds from operations at a compound annual growth rate (CAGR) of 11% from 2012 to 2022.</p><p>In addition to electricity and natural gas utilities, the company&#39;s assets include data infrastructure, transportation (such as rail operations and toll roads), and midstream energy pipelines and storage facilities. And the portfolio is poised to grow even larger. Among other projects that the company has in its pipeline, Brookfield Infrastructure is working with <b>Intel</b> to build a $30 billion semiconductor manufacturing facility in Arizona.</p><p>In addition to the stock&#39;s attractive yield, income investors will also find management&#39;s commitment to increasingly rewarding investors alluring. During a recent investor presentation, Brookfield Infrastructure reiterated a distribution growth target of 5% to 9% annually over the long term. For those who question whether this goal is realistic, a glance at the company&#39;s previous performance should lend some credibility. Should the company achieve its 2022 forecast and return $1.44 per unit in distributions, it will represent a 9% CAGR in its distributions per unit since 2012.</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 Powerhouse Passive-Income Stocks That Each Yield More Than 4%</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 Powerhouse Passive-Income Stocks That Each Yield More Than 4%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-23 13:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/10/22/3-powerhouse-passive-income-stocks-high-yield-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Red-hot inflation, geopolitical tensions, an uncertain outlook for consumer spending and the housing market -- the list of stock market headwinds goes on and on. One approach for folks looking for a ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/10/22/3-powerhouse-passive-income-stocks-high-yield-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SWK":"美国史丹利公司","BIP":"布鲁克菲尔德公共建设","TTE":"道达尔"},"source_url":"https://www.fool.com/investing/2022/10/22/3-powerhouse-passive-income-stocks-high-yield-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2277232495","content_text":"Red-hot inflation, geopolitical tensions, an uncertain outlook for consumer spending and the housing market -- the list of stock market headwinds goes on and on. One approach for folks looking for a simple way to ride out the volatility is to invest in good companies that have attractive dividend yields.An advantage of a sizable yield -- particularly a yield of 4% or higher -- is that the dividend on its own is enough to supplement some income in retirement.However, the 4% level is even more critical right now because rising interest rates have pushed the three-month Treasury bill rate up. In fact, the three-month Treasury bill yield is currently 3.8% -- which is the highest level in 15 years.A stock with a 4% yield is essentially providing the same amount of passive income as a three-month Treasury bill while also giving exposure to the potential upside and downside of the equity market. Stanley Black & Decker , TotalEnergies, and Brookfield Infrastructure Partners  are three excellent companies that also happen to be high-yield dividend stocks. Here's what makes each a great buy now.The key to the investment case is now the restructuring planLee Samaha (Stanley Black & Decker): It's been an awful year for hardware and tools company Stanley Black & Decker. Investors started the year hoping for the company to begin overcoming supply chain pressures and its raw material costs. In doing so, Stanley would generate margin expansion in a year when it refocused on its core tools and storage and industrial products businesses.Stanley sold its electronic security business and its automatic doors business this year. Meanwhile, Stanley bought the remaining 80% it didn't own in outdoor and lawn products company MTD at the end of 2021, and investors were looking forward to its integration into Stanley's business.Unfortunately, almost everything went wrong. The supply chain issues persisted, as did raw material inflation. Meanwhile, Stanley's focus on the consumer, notably the housing market (DIY tools), exposes it to near-term risk as mortgage rates soar and the housing market slows.Case-Shiller Composite 20 Home Price Index YoY data by YChartsIn response, management has initiated an aggressive restructuring plan to shave a whopping $2 billion off costs within three years. As such, the key to the investment case is the successful implementation of the restructuring plan, while investors hope the DIY tools market will hold up, so they can enjoy the current 4.2% yield while they wait for recovery. It's a compelling proposition, but perhaps one better looked at after the company's most recent results, due at the end of October.A well-rounded energy company with the highest yield in its peer groupDaniel Foelber (TotalEnergies): Today, big oil companies are investing in alternative and renewable energy, diversifying their portfolios away from oil and gas. However, there are still only a handful of American and European integrated oil majors that play in the upstream, midstream, and downstream spaces. French multinational TotalEnergies is one of the six majors alongside BP, Shell, Equinor, Chevron, and ExxonMobil. Yet Total is the only European major that didn't cut its dividend during the worst of the oil and gas crash of 2020.Since then, BP, Shell, and Equinor have made sizable dividend raises, and Chevron and ExxonMobil have continued making moderate increases to maintain their status as Dividend Aristocrats. But Total still has the highest yield of the integrated majors -- with a yield of 5.5% (although taxes and fees apply for U.S. investors earning dividends from foreign companies).TTE Dividend Yield data by YChartsWhat's more, Total is an excellent value, with the second-lowest price-to-earnings (P/E) ratio of the majors at just 6.5. Investors should keep in mind that P/E ratios for the integrated oil major group as a whole are below their long-term averages despite their stock prices being up. The discounted valuation is likely due to expectations that profits will come down as oil and gas prices stabilize.Aside from its high dividend yield and low valuation, Total is in a good position to take advantage of strong oil and gas prices and new investments in lower carbon solutions. Total has one of the lowest costs of production of the oil majors. Its aggressive investments in liquefied natural gas (LNG) have given it a 10% share of the global LNG market as Total works toward making natural gas 50% of its sales mix by 2030.Total has also invested heavily in solar energy -- expanding its installed capacity from 0.7 gigawatts to 10 gigawatts between 2017 and 2021.In sum, Total has an efficient oil and gas portfolio, a growing LNG and renewable energy portfolio, a discounted valuation, and the highest dividend yield of the oil majors.Build a better passive income stream with BrookfieldScott Levine (Brookfield Infrastructure): Paying more at the pump, at the supermarket, at mom-and-pop shops can leave you feeling frustrated that your purchasing power has plummeted. Pinching the pursestrings may help alleviate the strain, but it's very likely that it won't be enough. Many investors, consequently, are turning to strong dividend stocks to boost their passive income -- especially those with appealing yields like the 4.4% forward dividend yield that Brookfield Infrastructure currently offers.A global leader in infrastructure, Brookfield owns and operates a variety of assets that produce stable cash flows. Provided the company meets its funds from operations forecast and generates $2.70 per unit in 2022, the company will have increased its funds from operations at a compound annual growth rate (CAGR) of 11% from 2012 to 2022.In addition to electricity and natural gas utilities, the company's assets include data infrastructure, transportation (such as rail operations and toll roads), and midstream energy pipelines and storage facilities. And the portfolio is poised to grow even larger. Among other projects that the company has in its pipeline, Brookfield Infrastructure is working with Intel to build a $30 billion semiconductor manufacturing facility in Arizona.In addition to the stock's attractive yield, income investors will also find management's commitment to increasingly rewarding investors alluring. During a recent investor presentation, Brookfield Infrastructure reiterated a distribution growth target of 5% to 9% annually over the long term. For those who question whether this goal is realistic, a glance at the company's previous performance should lend some credibility. Should the company achieve its 2022 forecast and return $1.44 per unit in distributions, it will represent a 9% CAGR in its distributions per unit since 2012.","news_type":1},"isVote":1,"tweetType":1,"viewCount":53,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9081362576,"gmtCreate":1650200200628,"gmtModify":1676534667499,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9081362576","repostId":"1133070824","repostType":4,"repost":{"id":"1133070824","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":1649399100,"share":"https://ttm.financial/m/news/1133070824?lang=&edition=fundamental","pubTime":"2022-04-08 14:25","market":"us","language":"en","title":"Reminder: Holiday Trading Hours during Good Friday and Easter","url":"https://stock-news.laohu8.com/highlight/detail?id=1133070824","media":"Tiger Newspress","summary":"U.S. stock markets will be closed Friday, April 15in observance of Good Friday.The New York Stock Exchange and the Nasdaq will resume normal trading hours on Monday.The Securities Industry and Financi","content":"<html><head></head><body><p>U.S. stock markets will be closed Friday, April 15 in observance of Good Friday.</p><p>The New York Stock Exchange and the Nasdaq will resume normal trading hours on Monday.</p><p>The Securities Industry and Financial Markets Association recommended the U.S. bond market close Friday. It also advised that the bond market shutter early on Thursday, April14 at 2 p.m. Eastern.</p><p>U.S. commodities markets including gold and oil futures also won&#39;t be open for trading Friday.</p><p>Singapore stock markets will also close on Good Friday.</p><p>Stock markets in Europe, Hong Kong and Australia will close on Good Friday and on Monday in observance of Easter.</p><p>A-shares (Northbound) will be closed to April 18 from April 14.</p><p><img src=\"https://static.tigerbbs.com/8d9bbb655e7216a0c27a0cb94e0d0875\" tg-width=\"1482\" tg-height=\"1328\" width=\"100%\" height=\"auto\"/></p><p>Good Friday commemorates the crucifixion of Jesus Christ. It isn’t a federal holiday, which means businesses often stay open. Good Friday is the only time U.S. markets close for the day outside of federal holidays.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: Holiday Trading Hours during Good Friday and Easter</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: Holiday Trading Hours during Good Friday and Easter\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-04-08 14:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock markets will be closed Friday, April 15 in observance of Good Friday.</p><p>The New York Stock Exchange and the Nasdaq will resume normal trading hours on Monday.</p><p>The Securities Industry and Financial Markets Association recommended the U.S. bond market close Friday. It also advised that the bond market shutter early on Thursday, April14 at 2 p.m. Eastern.</p><p>U.S. commodities markets including gold and oil futures also won&#39;t be open for trading Friday.</p><p>Singapore stock markets will also close on Good Friday.</p><p>Stock markets in Europe, Hong Kong and Australia will close on Good Friday and on Monday in observance of Easter.</p><p>A-shares (Northbound) will be closed to April 18 from April 14.</p><p><img src=\"https://static.tigerbbs.com/8d9bbb655e7216a0c27a0cb94e0d0875\" tg-width=\"1482\" tg-height=\"1328\" width=\"100%\" height=\"auto\"/></p><p>Good Friday commemorates the crucifixion of Jesus Christ. It isn’t a federal holiday, which means businesses often stay open. Good Friday is the only time U.S. markets close for the day outside of federal holidays.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133070824","content_text":"U.S. stock markets will be closed Friday, April 15 in observance of Good Friday.The New York Stock Exchange and the Nasdaq will resume normal trading hours on Monday.The Securities Industry and Financial Markets Association recommended the U.S. bond market close Friday. It also advised that the bond market shutter early on Thursday, April14 at 2 p.m. Eastern.U.S. commodities markets including gold and oil futures also won't be open for trading Friday.Singapore stock markets will also close on Good Friday.Stock markets in Europe, Hong Kong and Australia will close on Good Friday and on Monday in observance of Easter.A-shares (Northbound) will be closed to April 18 from April 14.Good Friday commemorates the crucifixion of Jesus Christ. It isn’t a federal holiday, which means businesses often stay open. Good Friday is the only time U.S. markets close for the day outside of federal holidays.","news_type":1},"isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839420480,"gmtCreate":1629175281040,"gmtModify":1676529954258,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/839420480","repostId":"2160334220","repostType":4,"isVote":1,"tweetType":1,"viewCount":163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966955922,"gmtCreate":1669390473467,"gmtModify":1676538192622,"author":{"id":"3581666905348968","authorId":"3581666905348968","name":"kwk","avatar":"https://static.tigerbbs.com/2e8a435e0085881deaf4e2435fa579d3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581666905348968","authorIdStr":"3581666905348968"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9966955922","repostId":"2285438248","repostType":4,"repost":{"id":"2285438248","kind":"news","pubTimestamp":1669363390,"share":"https://ttm.financial/m/news/2285438248?lang=&edition=fundamental","pubTime":"2022-11-25 16:03","market":"us","language":"en","title":"Apple: Digesting This Souring Pie","url":"https://stock-news.laohu8.com/highlight/detail?id=2285438248","media":"Seeking Alpha","summary":"SummaryWe are short-term bearish on Apple, but outline a trade for when the stock falls again.We are","content":"<html><head></head><body><h2>Summary</h2><ul><li>We are short-term bearish on Apple, but outline a trade for when the stock falls again.</li><li>We are still in a rate hike cycle, and the general market has rallied hard.</li><li>Valuation is stretched considering growth has slowed to a crawl, and that does not even account for what a mild or moderate recession could look like.</li><li>There are major issues with production.</li><li>Let it fall.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/98aaa6991c907012babe7fa574645eb8\" tg-width=\"1080\" tg-height=\"720\" referrerpolicy=\"no-referrer\"/><span>kimberrywood/iStock via Getty Images</span></p><p>We want to start this column by stating that Apple (NASDAQ:AAPL) is one of our core holdings, and our analysts all own it in their personal long-term accounts for close to a decade. But, when Apple surged inlate summer, we started selling chunks of the position. We are short-term bearish here, though we are buyers lower. Look, this is one of the greatest companies ever. No doubt. But, this is still a stock, and we like to trade around the core position. In this column, we highlight fundamental concerns that we have in the near-term. We are glad we were selling on strength in September and again in late October. Now, we sold more small pieces of more than just Apple, but it was our take that we could come back to Apple and repurchase the shares at better levels, and a more reasonable valuation. Shares are now down about 12% from where we sold some, and about 7% from our last round of selling. We want the stock to come lower before coming back in. The market has been up big the last few weeks, and Apple has not done much. Apple also has a lot of problems in China. It also has chip issues, and there are questions on demand. We would let it drop ideally to $130 again, which we think is easily in the cards. It will only take a few bad sessions, and we are in an interest rate hiking cycle. Like it or not, the market right now may be a touch overbought, even though it was recovering from an oversold situation. Use this to your advantage to compound gains in this great stock. Let it come down.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e59b276b117db7b1fe6933c4048b4d34\" tg-width=\"640\" tg-height=\"347\" referrerpolicy=\"no-referrer\"/><span>BAD BEAT Investing</span></p><p>Here is how we would play this. This trade is outlined for possible new money coming into the stock. We do think we are in a mild buy zone in the mid $140s, and a strong buy zone in the low 130s. We suspect shares will fall, we are bearish short-term, but here is how we would get long.</p><p>The play</p><p>Target entry 1: $144-$145 (25% of position)</p><p>Target entry 2: $135-$136 (30% of position)</p><p>Target entry 3: $130-$131 (45% of position)</p><p>With the VIX down to about 21, call options can be purchased. Frankly, with the high volume and liquidity, we like LEAPS. Go out 13 months, and look to $150 strikes. You can also scale into them, and look to exit on a rally that puts you up at least 30%. Lots of time, and the calls are cheaper than they have been in months. We are short-term bearish, but long-term bullish.</p><h2>Performance discussion</h2><p>The performance of the company remains strong. The recently reported Q4 was well covered by many of our colleagues but we would like to reiterate a few highlights as they are integral to deciding to still hold a core position, even if we are trading around ours.</p><p>Yes, Q3 2022 was another fourth-quarter record revenue of $90.1 billion. These revenues rose nicely by 8% year-over-year. Folks, once again there was solid growth in products and services. The company just grows reliably as it penetrates new markets, and continues to be a dominating brand. The products revenue jumped 9% to $71.0 billion vs. $65.1 billion a year ago. Within the products there was strength in all lines except iPad. Could consumers be saturated with products? The question is whether consumers will now delay upgrades with a possible recession coming. The risk is real. It does not mean the company is going to see massive declines. But the pace of growth could potentially stall to flat if the recession is moderate. iPhone continues to be a winner, with iPhone revenue of $42.6 billion vs. $38.9 billion a year ago, a 9.5% gain. Winning. Mac revenue rose a strong 25% to $11.5 billion. Strong, but this strength was offset by lower sales of iPads, where revenue fell 13.1% to $7.2 billion. But accessories and wearables remained strong as revenue grew 8.5% to $9.7 billion. At the same time, service revenue remains solid, which grew to $19.2 billion.</p><p>We think it is worth noting the gains, because it suggests demand is still robust. There have been questions on demand for devices, but thus far, it remains strong. The holiday quarter here will be telling, and we standby the risk to demand should recession hit. Margins remains strong, as the cost of sales rose at a commensurate pace with revenue growth. Gross margins were 53.7%. Stellar, but did dip from 54.0% last year. Very mildly bearish, but something to watch as inflation is leading to higher input and material cost, as well as labor. Operating expenses rose over 15%, with higher research and development costs weighing. Still, the company generated over $24 billion in operating cash flow, which is strong.</p><p>Overall, the EPS of $1.29 rose 4% from a year ago, and surpassed consensus by $0.02. Annual EPS was $6.11. At $150 the stock is relatively expensive at 24.5X trailing EPS. On a forward looking basis, we have concerns over impacts to both supply and demand, as well as rising costs. This makes us justified in our selling 20-25 points higher. Shares are expensive, but the growth was 9% from 2021 to 2022. We are overpaying for modest growth, even with all of the amazing innovation from the company, the solid cash hoard, share repurchases, and the dividends. Mathematically, there are concerns, but this is why we view $135 or less as a good entry. At that level, 22X is more reasonable, and, when we think about fiscal 2023 earnings, we are factoring in minimal growth, and continued cost pressures. We are looking for revenue to grow 2-3%, and EPS to be up 2%-5%, assuming we do face a mild recession, and lower if it is worse. An early look suggests $6.25-$6.45, not counting any possible future share repurchases. This is why we are cautious, but at the midpoint, and at our last leg, just over 20X EPS. That would still be richly valued, but we still assign brand name premium here, and have to give credit for the huge cash on hand.</p><h2>Now, why do we think shares can and will fall?</h2><p>There are several ongoing issues. Do not mistake possible slower rate hikes as lower rates. We are still hiking here folks. The Fed wants a slowdown in the economy, and if we see unemployment build, wages normalize, and a still elevated dollar, Apple will face pressure. It will not be immune. This is just reality. But we have deeper issues on the supply side of things, as well as possible demand concerns.</p><p>China is a huge risk here. Apple would likely love to be divorced from the company if it could, but right now, it relies heavily on international production. Folks, the ongoing Chinese &#34;zero-Covid policy&#34; has caused huge issues with new iPhone 14 Pro production. With all of the COVID lockdowns many employees have left Foxconn, and now they are down nearly 100,000 employees. They simply cannot replace them in time. As such, two weeks ago Apple warned shipments would be heavily impacted. The supplier just does not have the capacity to meet the order demand, but is trying to tweak production schedules in China.</p><p>Now, supposedly, there has been hopes of China easing off its zero COVID policy. Markets got super bullish on this news recently, but we are now learning there are massive outbreaks again. We find it very tough to believe China will back off fully on this stance, despite the economic carnage the draconian lockdowns have caused. The factories where Apple&#39;s products are made is still subject to restrictions. Cases are skyrocketing. We would love to be wrong, but we think you are going to see more COVID restrictions. To help meet some of the demand, Foxconn will boost production in India but this is a longer-term impact as it will take a few years to staff as needed.</p><p>These concerns have led to downgrades to shipment estimates. JP Morgan sees the impact being as many as 5 million less iPhones in the holiday quarter, and that is just for the 14. At about $1,000 a pop let&#39;s say, well, you can do the math, its impacting $5 billion of shipments. That is a problem.</p><p>Here is the other issue. Apple has to be very careful. If they irritate the very sensitive Chinese government, it could put about 1/5th of its revenues at stake.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1581e9fbec92a0c8dde081063f426c2a\" tg-width=\"640\" tg-height=\"111\" referrerpolicy=\"no-referrer\"/><span>Apple 10-K October 2022</span></p><p>Folks, there are tons of sales in China. So it has to be very cautious and let China call the shots over there. If China hinted at some sort of ban or even limitations, the stock would crater.</p><p>For now, we believe the company will toe the line, and hope that China does ease its aggressive fight against COVID to help production. While the iPhones will eventually be shipped and revenue still come in, this is a good way to alienate customers who may not be as loyal as others and push them to other devices. This is a true risk.</p><h2>Take home</h2><p>Honestly we are bearish in the short-term, but want to use the weakness when it comes to do some buying. We rate the shares as bearish here, because we are near-term bearish. However, we have set up a trade. We have to wait for the pullback. The market has rallied hard. A few bad sessions is all it will take to lower Apple shares further. Any more negative news from China, or other production issues will hurt. Growth has stalled, and that is not even factoring in the potential impacts of a recession. Let it fall another 10% or so.</p><p><i>This article is written by </i><i>Quad 7 Capital</i><i> for reference only. Please note the risks.</i></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Digesting This Souring Pie</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Digesting This Souring Pie\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-25 16:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4560362-apple-digesting-this-souring-pie><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryWe are short-term bearish on Apple, but outline a trade for when the stock falls again.We are still in a rate hike cycle, and the general market has rallied hard.Valuation is stretched ...</p>\n\n<a href=\"https://seekingalpha.com/article/4560362-apple-digesting-this-souring-pie\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4560362-apple-digesting-this-souring-pie","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2285438248","content_text":"SummaryWe are short-term bearish on Apple, but outline a trade for when the stock falls again.We are still in a rate hike cycle, and the general market has rallied hard.Valuation is stretched considering growth has slowed to a crawl, and that does not even account for what a mild or moderate recession could look like.There are major issues with production.Let it fall.kimberrywood/iStock via Getty ImagesWe want to start this column by stating that Apple (NASDAQ:AAPL) is one of our core holdings, and our analysts all own it in their personal long-term accounts for close to a decade. But, when Apple surged inlate summer, we started selling chunks of the position. We are short-term bearish here, though we are buyers lower. Look, this is one of the greatest companies ever. No doubt. But, this is still a stock, and we like to trade around the core position. In this column, we highlight fundamental concerns that we have in the near-term. We are glad we were selling on strength in September and again in late October. Now, we sold more small pieces of more than just Apple, but it was our take that we could come back to Apple and repurchase the shares at better levels, and a more reasonable valuation. Shares are now down about 12% from where we sold some, and about 7% from our last round of selling. We want the stock to come lower before coming back in. The market has been up big the last few weeks, and Apple has not done much. Apple also has a lot of problems in China. It also has chip issues, and there are questions on demand. We would let it drop ideally to $130 again, which we think is easily in the cards. It will only take a few bad sessions, and we are in an interest rate hiking cycle. Like it or not, the market right now may be a touch overbought, even though it was recovering from an oversold situation. Use this to your advantage to compound gains in this great stock. Let it come down.BAD BEAT InvestingHere is how we would play this. This trade is outlined for possible new money coming into the stock. We do think we are in a mild buy zone in the mid $140s, and a strong buy zone in the low 130s. We suspect shares will fall, we are bearish short-term, but here is how we would get long.The playTarget entry 1: $144-$145 (25% of position)Target entry 2: $135-$136 (30% of position)Target entry 3: $130-$131 (45% of position)With the VIX down to about 21, call options can be purchased. Frankly, with the high volume and liquidity, we like LEAPS. Go out 13 months, and look to $150 strikes. You can also scale into them, and look to exit on a rally that puts you up at least 30%. Lots of time, and the calls are cheaper than they have been in months. We are short-term bearish, but long-term bullish.Performance discussionThe performance of the company remains strong. The recently reported Q4 was well covered by many of our colleagues but we would like to reiterate a few highlights as they are integral to deciding to still hold a core position, even if we are trading around ours.Yes, Q3 2022 was another fourth-quarter record revenue of $90.1 billion. These revenues rose nicely by 8% year-over-year. Folks, once again there was solid growth in products and services. The company just grows reliably as it penetrates new markets, and continues to be a dominating brand. The products revenue jumped 9% to $71.0 billion vs. $65.1 billion a year ago. Within the products there was strength in all lines except iPad. Could consumers be saturated with products? The question is whether consumers will now delay upgrades with a possible recession coming. The risk is real. It does not mean the company is going to see massive declines. But the pace of growth could potentially stall to flat if the recession is moderate. iPhone continues to be a winner, with iPhone revenue of $42.6 billion vs. $38.9 billion a year ago, a 9.5% gain. Winning. Mac revenue rose a strong 25% to $11.5 billion. Strong, but this strength was offset by lower sales of iPads, where revenue fell 13.1% to $7.2 billion. But accessories and wearables remained strong as revenue grew 8.5% to $9.7 billion. At the same time, service revenue remains solid, which grew to $19.2 billion.We think it is worth noting the gains, because it suggests demand is still robust. There have been questions on demand for devices, but thus far, it remains strong. The holiday quarter here will be telling, and we standby the risk to demand should recession hit. Margins remains strong, as the cost of sales rose at a commensurate pace with revenue growth. Gross margins were 53.7%. Stellar, but did dip from 54.0% last year. Very mildly bearish, but something to watch as inflation is leading to higher input and material cost, as well as labor. Operating expenses rose over 15%, with higher research and development costs weighing. Still, the company generated over $24 billion in operating cash flow, which is strong.Overall, the EPS of $1.29 rose 4% from a year ago, and surpassed consensus by $0.02. Annual EPS was $6.11. At $150 the stock is relatively expensive at 24.5X trailing EPS. On a forward looking basis, we have concerns over impacts to both supply and demand, as well as rising costs. This makes us justified in our selling 20-25 points higher. Shares are expensive, but the growth was 9% from 2021 to 2022. We are overpaying for modest growth, even with all of the amazing innovation from the company, the solid cash hoard, share repurchases, and the dividends. Mathematically, there are concerns, but this is why we view $135 or less as a good entry. At that level, 22X is more reasonable, and, when we think about fiscal 2023 earnings, we are factoring in minimal growth, and continued cost pressures. We are looking for revenue to grow 2-3%, and EPS to be up 2%-5%, assuming we do face a mild recession, and lower if it is worse. An early look suggests $6.25-$6.45, not counting any possible future share repurchases. This is why we are cautious, but at the midpoint, and at our last leg, just over 20X EPS. That would still be richly valued, but we still assign brand name premium here, and have to give credit for the huge cash on hand.Now, why do we think shares can and will fall?There are several ongoing issues. Do not mistake possible slower rate hikes as lower rates. We are still hiking here folks. The Fed wants a slowdown in the economy, and if we see unemployment build, wages normalize, and a still elevated dollar, Apple will face pressure. It will not be immune. This is just reality. But we have deeper issues on the supply side of things, as well as possible demand concerns.China is a huge risk here. Apple would likely love to be divorced from the company if it could, but right now, it relies heavily on international production. Folks, the ongoing Chinese \"zero-Covid policy\" has caused huge issues with new iPhone 14 Pro production. With all of the COVID lockdowns many employees have left Foxconn, and now they are down nearly 100,000 employees. They simply cannot replace them in time. As such, two weeks ago Apple warned shipments would be heavily impacted. The supplier just does not have the capacity to meet the order demand, but is trying to tweak production schedules in China.Now, supposedly, there has been hopes of China easing off its zero COVID policy. Markets got super bullish on this news recently, but we are now learning there are massive outbreaks again. We find it very tough to believe China will back off fully on this stance, despite the economic carnage the draconian lockdowns have caused. The factories where Apple's products are made is still subject to restrictions. Cases are skyrocketing. We would love to be wrong, but we think you are going to see more COVID restrictions. To help meet some of the demand, Foxconn will boost production in India but this is a longer-term impact as it will take a few years to staff as needed.These concerns have led to downgrades to shipment estimates. JP Morgan sees the impact being as many as 5 million less iPhones in the holiday quarter, and that is just for the 14. At about $1,000 a pop let's say, well, you can do the math, its impacting $5 billion of shipments. That is a problem.Here is the other issue. Apple has to be very careful. If they irritate the very sensitive Chinese government, it could put about 1/5th of its revenues at stake.Apple 10-K October 2022Folks, there are tons of sales in China. So it has to be very cautious and let China call the shots over there. If China hinted at some sort of ban or even limitations, the stock would crater.For now, we believe the company will toe the line, and hope that China does ease its aggressive fight against COVID to help production. While the iPhones will eventually be shipped and revenue still come in, this is a good way to alienate customers who may not be as loyal as others and push them to other devices. This is a true risk.Take homeHonestly we are bearish in the short-term, but want to use the weakness when it comes to do some buying. We rate the shares as bearish here, because we are near-term bearish. However, we have set up a trade. We have to wait for the pullback. The market has rallied hard. A few bad sessions is all it will take to lower Apple shares further. Any more negative news from China, or other production issues will hurt. Growth has stalled, and that is not even factoring in the potential impacts of a recession. Let it fall another 10% or so.This article is written by Quad 7 Capital for reference only. Please note the risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}