YTigger personal page - To The Moon

YTigger

YTigger

Shortest Time, Highest Gain

250Follow

11Followers

20Topic

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00:35

$SUPER MICRO COMPUTER INC(SMCI)$

11-04 00:07

$Palantir Technologies Inc.(PLTR)$

10-26

Trump Media & Technology(DJT) Singtel(Z74.S) ARK Innovation ETF(ARKK) ATnT Inc(T) $NVIDIA Corp(NVDA)

10-09

$Tesla Motors(TSLA)$ Robotaxi!

10-01

Tiger is everywhere!

08-06

Buy A Dip ..... ...

08-05

Fantastic

@TigerClub:[Trade Feed] @Ayking: 33%+ RoR since 2021 debut with Tiger, mastering portfolio strategy

08-05

Great

@TigerClub:[Trade Feed] @JordenTan: Specializing in dividend stocks, started BTC investing at $500

08-05

Nice.

@TigerClub:[Trade Feed] @Optionspuppy: Generating $500~1K Monthly Income through Premiums & Dividends

08-05

Great article.

@TigerClub:[Trade Feed] @ZEROHERO: From 1000% Returns on SPACs to the Power of Compounding

08-04

Tower

07-20

1. 100share 2. Apple 3. 2014 4. Omaha, Nebraska, US 5. D for Netflix 6. 29 June 2007 and was simply called the iPhone 7. 2 December, 2021 via a SPAC 8. A tick ✅ 9. 30 companies 10. Overnight Trading Hours for US stocks and ETFs are from 8:00 pm ET to 3:50 am

07-16

$Trump Media & Technology(DJT)$

07-08

just sell

07-04

Risk Management

07-04

$Tesla Motors(TSLA)$

07-04

$Tesla Motors(TSLA)$

07-04

Great article. Would you like to share more

@TigerEvents:[10th Anniv] Discover exciting features & win a US$1,010 reward!

07-04

Great article, would you like to share it?

@TigerEvents:[10th Anniv] Discover exciting features & win a US$1,010 reward!

07-03

MORE Fractional shares.......

Go to Tiger App to see more news

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everywhere!","text":"Tiger is everywhere!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355170296828240","isVote":1,"tweetType":1,"viewCount":67,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":335250863657216,"gmtCreate":1722878287764,"gmtModify":1722878291285,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"Buy A Dip&nbsp; &nbsp;..... ...","listText":"Buy A Dip&nbsp; &nbsp;..... ...","text":"Buy A Dip ..... ...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/335250863657216","isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":335224868720848,"gmtCreate":1722871852456,"gmtModify":1722871856394,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"Fantastic","listText":"Fantastic","text":"Fantastic","images":[{"img":"https://community-static.tradeup.com/news/d23712c1dbe74f6278c189b0749015eb"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/335224868720848","repostId":"275307769290760","repostType":1,"repost":{"id":275307769290760,"gmtCreate":1708238422794,"gmtModify":1708254002875,"author":{"id":"3527667671414981","authorId":"3527667671414981","name":"TigerClub","avatar":"https://static.tigerbbs.com/c0f6fba0673df1de1c5c31bb2b4f6d4e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667671414981","authorIdStr":"3527667671414981"},"themes":[],"title":"[Trade 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Click 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Feed] @JordenTan: Specializing in dividend stocks, started BTC investing at $500","htmlText":"<a href=\"https://ttm.financial/U/3549681432330574\">@JordenTan</a> is a star contributor in the Tiger Community with excellent video content, and he is also our<a href=\"https://ttm.financial/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;1793468822003715&quot;,&quot;type&quot;:1}\" target=\"_blank\"> </a><a href=\"https://ttm.financial/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;1793468822003715&quot;,&quot;type&quot;:1}\" target=\"_blank\">upcoming guest for a live interview</a><a href=\"https://ttm.financial/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;1793468822003715&quot;,&quot;type&quot;:1}\" target=\"_blank\"> </a><a href=\"https://ttm.financial/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;1793468822003715&quot;,&quot;type&quot;:1}\" target=\"_blank\">(scheduled at 19:00,</a>","listText":"<a href=\"https://ttm.financial/U/3549681432330574\">@JordenTan</a> is a star contributor in the Tiger Community with excellent video content, and he is also our<a href=\"https://ttm.financial/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;1793468822003715&quot;,&quot;type&quot;:1}\" target=\"_blank\"> </a><a href=\"https://ttm.financial/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;1793468822003715&quot;,&quot;type&quot;:1}\" target=\"_blank\">upcoming guest for a live interview</a><a href=\"https://ttm.financial/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;1793468822003715&quot;,&quot;type&quot;:1}\" target=\"_blank\"> </a><a href=\"https://ttm.financial/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;1793468822003715&quot;,&quot;type&quot;:1}\" target=\"_blank\">(scheduled at 19:00,</a>","text":"@JordenTan is a star contributor in the Tiger Community with excellent video content, and he is also our upcoming guest for a live interview (scheduled at 19:00,","images":[{"img":"https://community-static.tradeup.com/news/9b44d11bf98bcd16e6d1c4fa50b28cbf","width":"1080","height":"1080"},{"img":"https://community-static.tradeup.com/news/e820e0117af59f8ffeaa74e5fc1b61b9","width":"640","height":"480"},{"img":"https://community-static.tradeup.com/news/a8c2df06ffc4eacc35fd8cbe484b9948","width":"900","height":"600"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/283428969234488","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":302,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":335222989607088,"gmtCreate":1722871522364,"gmtModify":1722871526323,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"Nice.","listText":"Nice.","text":"Nice.","images":[{"img":"https://community-static.tradeup.com/news/fffa2bbb2ba7186d2cd91d0f920640de"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/335222989607088","repostId":"299426115092480","repostType":1,"repost":{"id":299426115092480,"gmtCreate":1714107835444,"gmtModify":1714114802174,"author":{"id":"3527667671414981","authorId":"3527667671414981","name":"TigerClub","avatar":"https://static.tigerbbs.com/c0f6fba0673df1de1c5c31bb2b4f6d4e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667671414981","authorIdStr":"3527667671414981"},"themes":[],"title":"[Trade Feed] @Optionspuppy: Generating $500~1K Monthly Income through Premiums & Dividends","htmlText":"<a href=\"https://ttm.financial/U/4089501973615070\">@Optionspuppy</a> has long been a Star Contributor in the Tiger Community, consistently providing valuable content. In trading, he primarily focuses on <a href=\"https://ttm.financial/S/QQQM\">$Invesco NASDAQ 100 ETF(QQQM)$</a> , <a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a> , <a href=\"https://ttm.financial/S/MFC\">$Manulife(MFC)$</a> , <a href=\"https://ttm.financial/S/GOOG\">$Alphabet(GOOG)$</a> , and <a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a> , and often utilizes the strangle option strategy for dividend stocks to generate income.He exercises caution in position management by keeping half of his available cash in Tiger vault to safeguard against market crashes. Currently, he has achieved a year-t","listText":"<a href=\"https://ttm.financial/U/4089501973615070\">@Optionspuppy</a> has long been a Star Contributor in the Tiger Community, consistently providing valuable content. In trading, he primarily focuses on <a href=\"https://ttm.financial/S/QQQM\">$Invesco NASDAQ 100 ETF(QQQM)$</a> , <a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a> , <a href=\"https://ttm.financial/S/MFC\">$Manulife(MFC)$</a> , <a href=\"https://ttm.financial/S/GOOG\">$Alphabet(GOOG)$</a> , and <a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a> , and often utilizes the strangle option strategy for dividend stocks to generate income.He exercises caution in position management by keeping half of his available cash in Tiger vault to safeguard against market crashes. Currently, he has achieved a year-t","text":"@Optionspuppy has long been a Star Contributor in the Tiger Community, consistently providing valuable content. In trading, he primarily focuses on $Invesco NASDAQ 100 ETF(QQQM)$ , $Palantir Technologies Inc.(PLTR)$ , $Manulife(MFC)$ , $Alphabet(GOOG)$ , and $Apple(AAPL)$ , and often utilizes the strangle option strategy for dividend stocks to generate income.He exercises caution in position management by keeping half of his available cash in Tiger vault to safeguard against market crashes. Currently, he has achieved a year-t","images":[{"img":"https://community-static.tradeup.com/news/8040b9cc7850ea745c3a2b2ad8ce5c0f","width":"1080","height":"1080"},{"img":"https://community-static.tradeup.com/news/b76a921f0e6ac025eda3f5c79a6be33c","width":"794","height":"1280"},{"img":"https://community-static.tradeup.com/news/3e5a73ebf27b97bab8fcf17cf094ac6f","width":"854","height":"1280"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/299426115092480","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":335222216417368,"gmtCreate":1722871238378,"gmtModify":1722871242693,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"Great article.","listText":"Great article.","text":"Great article.","images":[{"img":"https://community-static.tradeup.com/news/53f322072dd03a0def4a45647710411b"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/335222216417368","repostId":"323118701363440","repostType":1,"repost":{"id":323118701363440,"gmtCreate":1719910734680,"gmtModify":1719926402132,"author":{"id":"3527667671414981","authorId":"3527667671414981","name":"TigerClub","avatar":"https://static.tigerbbs.com/c0f6fba0673df1de1c5c31bb2b4f6d4e","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667671414981","authorIdStr":"3527667671414981"},"themes":[],"title":"[Trade Feed] @ZEROHERO: From 1000% Returns on SPACs to the Power of Compounding","htmlText":"<a href=\"https://ttm.financial/U/3566532164444643\">@ZEROHERO</a> is a skilled investor and trader with a strong background in art education and remarkable financial market acumen. His adaptable strategies have yielded significant returns, especially in SPACs, options trading and day trading. ZEROHERO's insights into market dynamics help him profit steadily even in volatile conditions.Whether you're new to investing or a seasoned trader, ZEROHERO's experience can elevate your trading skills. Follow his steps to learn how to start small, build big dreams, and uncover the true value of trading. Join us in witnessing and participating in ZEROHERO's journey towards wealth growth and personal development.Want to know his real-time trading?","listText":"<a href=\"https://ttm.financial/U/3566532164444643\">@ZEROHERO</a> is a skilled investor and trader with a strong background in art education and remarkable financial market acumen. His adaptable strategies have yielded significant returns, especially in SPACs, options trading and day trading. ZEROHERO's insights into market dynamics help him profit steadily even in volatile conditions.Whether you're new to investing or a seasoned trader, ZEROHERO's experience can elevate your trading skills. Follow his steps to learn how to start small, build big dreams, and uncover the true value of trading. Join us in witnessing and participating in ZEROHERO's journey towards wealth growth and personal development.Want to know his real-time trading?","text":"@ZEROHERO is a skilled investor and trader with a strong background in art education and remarkable financial market acumen. His adaptable strategies have yielded significant returns, especially in SPACs, options trading and day trading. ZEROHERO's insights into market dynamics help him profit steadily even in volatile conditions.Whether you're new to investing or a seasoned trader, ZEROHERO's experience can elevate your trading skills. Follow his steps to learn how to start small, build big dreams, and uncover the true value of trading. Join us in witnessing and participating in ZEROHERO's journey towards wealth growth and personal development.Want to know his real-time trading?","images":[{"img":"https://community-static.tradeup.com/news/7be90bcab8bc32601b1058de613d3030","width":"1080","height":"1080"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323118701363440","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":9,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":334861745954832,"gmtCreate":1722786768838,"gmtModify":1722786772604,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"Tower","listText":"Tower","text":"Tower","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/334861745954832","isVote":1,"tweetType":1,"viewCount":338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329384814837816,"gmtCreate":1721422123723,"gmtModify":1721422128553,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"1. 100share 2. Apple 3. 2014 4. Omaha, Nebraska, US 5. D for Netflix 6. 29 June 2007 and was simply called the iPhone 7. 2 December, 2021 via a SPAC 8. A tick ✅ 9. 30 companies 10. Overnight Trading Hours for US stocks and ETFs are from 8:00 pm ET to 3:50 am","listText":"1. 100share 2. Apple 3. 2014 4. Omaha, Nebraska, US 5. D for Netflix 6. 29 June 2007 and was simply called the iPhone 7. 2 December, 2021 via a SPAC 8. A tick ✅ 9. 30 companies 10. Overnight Trading Hours for US stocks and ETFs are from 8:00 pm ET to 3:50 am","text":"1. 100share 2. Apple 3. 2014 4. Omaha, Nebraska, US 5. D for Netflix 6. 29 June 2007 and was simply called the iPhone 7. 2 December, 2021 via a SPAC 8. A tick ✅ 9. 30 companies 10. Overnight Trading Hours for US stocks and ETFs are from 8:00 pm ET to 3:50 am","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":1,"repostSize":3,"link":"https://ttm.financial/post/329384814837816","isVote":1,"tweetType":1,"viewCount":314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328067630637144,"gmtCreate":1721124609296,"gmtModify":1721203243337,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/DJT\">$Trump Media &amp; Technology(DJT)$ </a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/DJT\">$Trump Media &amp; Technology(DJT)$ </a>&nbsp;","text":"$Trump Media & Technology(DJT)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/328067630637144","isVote":1,"tweetType":1,"viewCount":265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325002237284528,"gmtCreate":1720375754258,"gmtModify":1720375764157,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"just sell","listText":"just sell","text":"just sell","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325002237284528","isVote":1,"tweetType":1,"viewCount":232,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323931006177288,"gmtCreate":1720091003749,"gmtModify":1720091007215,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"Risk Management","listText":"Risk Management","text":"Risk Management","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323931006177288","isVote":1,"tweetType":1,"viewCount":375,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323932320059480,"gmtCreate":1720090950637,"gmtModify":1720093078693,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","text":"$Tesla Motors(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323932320059480","isVote":1,"tweetType":1,"viewCount":53,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323931067789488,"gmtCreate":1720090918517,"gmtModify":1720093078757,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","text":"$Tesla Motors(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323931067789488","isVote":1,"tweetType":1,"viewCount":213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323589672677496,"gmtCreate":1720026863727,"gmtModify":1720026867193,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"Great article. Would you like to share more","listText":"Great article. Would you like to share more","text":"Great article. Would you like to share more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323589672677496","repostId":"313600081719480","repostType":1,"repost":{"id":313600081719480,"gmtCreate":1717584773809,"gmtModify":1719559158217,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667667103859","authorIdStr":"3527667667103859"},"themes":[],"title":"[10th Anniv] Discover exciting features & win a US$1,010 reward!","htmlText":"🎉 Unlock Your Path to $1,010 voucher with Our Winning Guide! 🎉Our exclusive anniversary event is now LIVE, and we want YOU to join in the fun! Not only can you explore our unique tech-driven features, but you also stand a chance to win incredible rewards. Here’s how you can maximize your winnings:🏆 Winning Guide 🏆Discover Exclusive Features:Click to explore the unique features you’re interested in.Watch the feature introduction videos and complete the corresponding tasksShow Your Love:Like your favorite featuresIf the features you like end up in the top three, you’ll share in extra grand prizes!Collect and Win:Complete special tasks to earn pieces.Collect all pieces to exchange for high-value rewards!💡 Pro Tips:Complete highlighted tasks to earn extra rewards and a big bonus!Ready to dive","listText":"🎉 Unlock Your Path to $1,010 voucher with Our Winning Guide! 🎉Our exclusive anniversary event is now LIVE, and we want YOU to join in the fun! Not only can you explore our unique tech-driven features, but you also stand a chance to win incredible rewards. Here’s how you can maximize your winnings:🏆 Winning Guide 🏆Discover Exclusive Features:Click to explore the unique features you’re interested in.Watch the feature introduction videos and complete the corresponding tasksShow Your Love:Like your favorite featuresIf the features you like end up in the top three, you’ll share in extra grand prizes!Collect and Win:Complete special tasks to earn pieces.Collect all pieces to exchange for high-value rewards!💡 Pro Tips:Complete highlighted tasks to earn extra rewards and a big bonus!Ready to dive","text":"🎉 Unlock Your Path to $1,010 voucher with Our Winning Guide! 🎉Our exclusive anniversary event is now LIVE, and we want YOU to join in the fun! Not only can you explore our unique tech-driven features, but you also stand a chance to win incredible rewards. Here’s how you can maximize your winnings:🏆 Winning Guide 🏆Discover Exclusive Features:Click to explore the unique features you’re interested in.Watch the feature introduction videos and complete the corresponding tasksShow Your Love:Like your favorite featuresIf the features you like end up in the top three, you’ll share in extra grand prizes!Collect and Win:Complete special tasks to earn pieces.Collect all pieces to exchange for high-value rewards!💡 Pro Tips:Complete highlighted tasks to earn extra rewards and a big bonus!Ready to dive","images":[{"img":"https://community-static.tradeup.com/news/ba3323c6518b57d08bcc75d90ffa0c5a","width":"2000","height":"2000"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/313600081719480","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":106,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323590454898760,"gmtCreate":1720026790469,"gmtModify":1720026793984,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323590454898760","repostId":"313600081719480","repostType":1,"repost":{"id":313600081719480,"gmtCreate":1717584773809,"gmtModify":1719559158217,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667667103859","authorIdStr":"3527667667103859"},"themes":[],"title":"[10th Anniv] Discover exciting features & win a US$1,010 reward!","htmlText":"🎉 Unlock Your Path to $1,010 voucher with Our Winning Guide! 🎉Our exclusive anniversary event is now LIVE, and we want YOU to join in the fun! Not only can you explore our unique tech-driven features, but you also stand a chance to win incredible rewards. Here’s how you can maximize your winnings:🏆 Winning Guide 🏆Discover Exclusive Features:Click to explore the unique features you’re interested in.Watch the feature introduction videos and complete the corresponding tasksShow Your Love:Like your favorite featuresIf the features you like end up in the top three, you’ll share in extra grand prizes!Collect and Win:Complete special tasks to earn pieces.Collect all pieces to exchange for high-value rewards!💡 Pro Tips:Complete highlighted tasks to earn extra rewards and a big bonus!Ready to dive","listText":"🎉 Unlock Your Path to $1,010 voucher with Our Winning Guide! 🎉Our exclusive anniversary event is now LIVE, and we want YOU to join in the fun! Not only can you explore our unique tech-driven features, but you also stand a chance to win incredible rewards. Here’s how you can maximize your winnings:🏆 Winning Guide 🏆Discover Exclusive Features:Click to explore the unique features you’re interested in.Watch the feature introduction videos and complete the corresponding tasksShow Your Love:Like your favorite featuresIf the features you like end up in the top three, you’ll share in extra grand prizes!Collect and Win:Complete special tasks to earn pieces.Collect all pieces to exchange for high-value rewards!💡 Pro Tips:Complete highlighted tasks to earn extra rewards and a big bonus!Ready to dive","text":"🎉 Unlock Your Path to $1,010 voucher with Our Winning Guide! 🎉Our exclusive anniversary event is now LIVE, and we want YOU to join in the fun! Not only can you explore our unique tech-driven features, but you also stand a chance to win incredible rewards. Here’s how you can maximize your winnings:🏆 Winning Guide 🏆Discover Exclusive Features:Click to explore the unique features you’re interested in.Watch the feature introduction videos and complete the corresponding tasksShow Your Love:Like your favorite featuresIf the features you like end up in the top three, you’ll share in extra grand prizes!Collect and Win:Complete special tasks to earn pieces.Collect all pieces to exchange for high-value rewards!💡 Pro Tips:Complete highlighted tasks to earn extra rewards and a big bonus!Ready to dive","images":[{"img":"https://community-static.tradeup.com/news/ba3323c6518b57d08bcc75d90ffa0c5a","width":"2000","height":"2000"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/313600081719480","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":72,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323224534028360,"gmtCreate":1719942599453,"gmtModify":1719942603739,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"MORE Fractional&nbsp;shares.......&nbsp;","listText":"MORE Fractional&nbsp;shares.......&nbsp;","text":"MORE Fractional shares.......","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323224534028360","isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":329384814837816,"gmtCreate":1721422123723,"gmtModify":1721422128553,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"1. 100share 2. Apple 3. 2014 4. Omaha, Nebraska, US 5. D for Netflix 6. 29 June 2007 and was simply called the iPhone 7. 2 December, 2021 via a SPAC 8. A tick ✅ 9. 30 companies 10. Overnight Trading Hours for US stocks and ETFs are from 8:00 pm ET to 3:50 am","listText":"1. 100share 2. Apple 3. 2014 4. Omaha, Nebraska, US 5. D for Netflix 6. 29 June 2007 and was simply called the iPhone 7. 2 December, 2021 via a SPAC 8. A tick ✅ 9. 30 companies 10. Overnight Trading Hours for US stocks and ETFs are from 8:00 pm ET to 3:50 am","text":"1. 100share 2. Apple 3. 2014 4. Omaha, Nebraska, US 5. D for Netflix 6. 29 June 2007 and was simply called the iPhone 7. 2 December, 2021 via a SPAC 8. A tick ✅ 9. 30 companies 10. Overnight Trading Hours for US stocks and ETFs are from 8:00 pm ET to 3:50 am","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":1,"repostSize":3,"link":"https://ttm.financial/post/329384814837816","isVote":1,"tweetType":1,"viewCount":314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9958603937,"gmtCreate":1673706710929,"gmtModify":1676538876833,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":18,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9958603937","repostId":"1173773008","repostType":4,"repost":{"id":"1173773008","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1673837089,"share":"https://ttm.financial/m/news/1173773008?lang=&edition=fundamental","pubTime":"2023-01-16 10:44","market":"us","language":"en","title":"Reminder: U.S. Market is Closed for Martin Luther King Day on Monday, Jan.16, 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=1173773008","media":"Tiger Newspress","summary":"Martin Luther King Day has arrived. The U.S. market is closed on Monday, Jan.16, 2023. Please take n","content":"<html><head></head><body><p>Martin Luther King Day has arrived. The U.S. market is closed on Monday, Jan.16, 2023. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.</p><p><img src=\"https://static.tigerbbs.com/b7e7bd8e1185d50c2f408c41e4b734d9\" tg-width=\"500\" tg-height=\"336\" referrerpolicy=\"no-referrer\"/></p><h3>Background</h3><p>Martin Luther King Day, or Martin Luther King Jr. Day, is observed on the third Monday of January every year.</p><p>Martin Luther King Day is held in honor of Martin Luther King Jr., the famous civil rights leader who was born in 1929.</p><p>He organized the popular march on Washington for jobs and freedom to highlight the daily struggles of African Americans in 1963 with the support of various civil rights and religious groups.</p><p>Almost over 25,000 people took part in this protest and it ended at the Lincoln Memorial where the crowd gathered to listen to MLK&#39;s &#34;I Have A Dream&#34; speech that influences peace and equality. MLK&#39;s &#34;I Have A Dream&#34; speech that influences peace and equality.</p><p>It contributed to the passing of the Civil Rights Act of 1964, outlawing discrimination based on color, religion, sex, or national origin.</p><p>He was also the youngest person to receive the Noble Peace Prize in 1964.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: U.S. Market is Closed for Martin Luther King Day on Monday, Jan.16, 2023</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: U.S. Market is Closed for Martin Luther King Day on Monday, Jan.16, 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-01-16 10:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Martin Luther King Day has arrived. The U.S. market is closed on Monday, Jan.16, 2023. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.</p><p><img src=\"https://static.tigerbbs.com/b7e7bd8e1185d50c2f408c41e4b734d9\" tg-width=\"500\" tg-height=\"336\" referrerpolicy=\"no-referrer\"/></p><h3>Background</h3><p>Martin Luther King Day, or Martin Luther King Jr. Day, is observed on the third Monday of January every year.</p><p>Martin Luther King Day is held in honor of Martin Luther King Jr., the famous civil rights leader who was born in 1929.</p><p>He organized the popular march on Washington for jobs and freedom to highlight the daily struggles of African Americans in 1963 with the support of various civil rights and religious groups.</p><p>Almost over 25,000 people took part in this protest and it ended at the Lincoln Memorial where the crowd gathered to listen to MLK&#39;s &#34;I Have A Dream&#34; speech that influences peace and equality. MLK&#39;s &#34;I Have A Dream&#34; speech that influences peace and equality.</p><p>It contributed to the passing of the Civil Rights Act of 1964, outlawing discrimination based on color, religion, sex, or national origin.</p><p>He was also the youngest person to receive the Noble Peace Prize in 1964.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".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":"1173773008","content_text":"Martin Luther King Day has arrived. The U.S. market is closed on Monday, Jan.16, 2023. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.BackgroundMartin Luther King Day, or Martin Luther King Jr. Day, is observed on the third Monday of January every year.Martin Luther King Day is held in honor of Martin Luther King Jr., the famous civil rights leader who was born in 1929.He organized the popular march on Washington for jobs and freedom to highlight the daily struggles of African Americans in 1963 with the support of various civil rights and religious groups.Almost over 25,000 people took part in this protest and it ended at the Lincoln Memorial where the crowd gathered to listen to MLK's \"I Have A Dream\" speech that influences peace and equality. MLK's \"I Have A Dream\" speech that influences peace and equality.It contributed to the passing of the Civil Rights Act of 1964, outlawing discrimination based on color, religion, sex, or national origin.He was also the youngest person to receive the Noble Peace Prize in 1964.","news_type":1},"isVote":1,"tweetType":1,"viewCount":261,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9902987431,"gmtCreate":1659628231826,"gmtModify":1706002772781,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902987431","repostId":"2256290520","repostType":4,"repost":{"id":"2256290520","pubTimestamp":1659625677,"share":"https://ttm.financial/m/news/2256290520?lang=&edition=fundamental","pubTime":"2022-08-04 23:07","market":"us","language":"en","title":"Microsoft-Activision Deal Doubt May Yield Big Reward","url":"https://stock-news.laohu8.com/highlight/detail?id=2256290520","media":"Bloomberg","summary":"(Bloomberg) -- Microsoft Corp.’s purchase of Activision Blizzard Inc. is bogged down, yet some trade","content":"<html><head></head><body><p>(Bloomberg) -- Microsoft Corp.’s purchase of Activision Blizzard Inc. is bogged down, yet some traders are betting the deal ultimately will go through. If they’re right, there’s serious money to be made, given that the videogame company’s shares are still almost 20% below the offer price.</p><p>Stricter US antitrust regulators, the series of international approvals needed, a broad slump in technology stocks and the size of the $69 billion deal have all contributed to keep the gap between Activision’s price and Microsoft’s $95-a-share bid stubbornly wide. That’s made it one of the most potentially lucrative opportunities for arbitrageurs who speculate on acquisitions.</p><p>The heightened attention that US regulators are paying to big companies, especially in technology, has resulted in a longer period between when a deal is announced and when it finally goes through, raising the risk of a transaction falling apart.</p><p>“Given the deal’s sheer size and heightened antitrust scrutiny towards big tech players, that’s ultimately causing the very large spread,” said Julian Klymochko, chief investment officer at Accelerate Financial Technologies Inc.</p><p>Microsoft announced the Activision acquisition in January and has said it expects to complete it in the year ending June 30, 2023. And Broadcom Inc. has said it aims to wrap up its $61 billion takeover of VMware Inc., announced in May, by October 2023.</p><p>Averaged annualized US deal spreads, which offer a gauge of the risk of transactions collapsing, have jumped above 15% from about 10% at the beginning of the year, according to data from Susquehanna International Group. That came amid rising fears of deal collapse or repricing, and higher costs to carry risky positions.</p><p>To be sure, one of the widest arbitrage spreads in technology mergers has nothing to do with regulatory hurdles.</p><p>Elon Musk is trying to walk away from his $44 billion acquisition of Twitter Inc., and the company is suing him to force completion of the deal. Twitter shares are trading at $41 versus the deal price of $54.20, offering a 32% gain if the transaction goes through as agreed.</p><p>Under the stewardship of Lina Khan, the Federal Trade Commission has already sued to block two major takeovers. She’s advocated for a more forceful approach to reviewing large technology deals, arguing that companies in the industry can use their dominance in one line of business to gain power in other markets.</p><p>The slump in the tech sector also hasn’t helped with deal spreads. The Nasdaq 100 Index is down 19% this year, forcing investors to price in a greater downside risk to Activision shares if the deal falls apart, Klymochko said.</p><p>Given the length of time until the expected closing of the Activision purchase, the stock has to endure higher volatility for at least a few more quarters tied to company-specific newsflow and general market performance.</p><p>However, there is “a relatively strong consensus that this deal should go through,” said Cabot Henderson, a market strategist at Jonestrading. Wall Street seems to agree, with 26 of the 32 analysts covering the stock pegging their 12-month price target at $95 or more.</p><p>And investor Warren Buffett has bought a stake of about 9.5% in Activision in a merger arbitrage bet. The 91-year-old billionaire has about seven decades of experience in arbitrage, including in technology companies: He bought shares of Red Hat Inc. before it was acquired by International Business Machines Corp. in 2019.</p><p>Last week, MoffettNathanson LLC analyst Clay Griffin upgraded Activision to outperform. “Though we’d push back on the notion that Microsoft will be closing on Activision any day now, we do see strong rationale for why it ultimately should,” he wrote.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft-Activision Deal Doubt May Yield Big Reward</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\">\nMicrosoft-Activision Deal Doubt May Yield Big Reward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-04 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-04/microsoft-activision-deal-doubt-may-yield-big-reward-tech-watch><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Microsoft Corp.’s purchase of Activision Blizzard Inc. is bogged down, yet some traders are betting the deal ultimately will go through. If they’re right, there’s serious money to be ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-04/microsoft-activision-deal-doubt-may-yield-big-reward-tech-watch\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","ATVI":"动视暴雪"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-04/microsoft-activision-deal-doubt-may-yield-big-reward-tech-watch","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2256290520","content_text":"(Bloomberg) -- Microsoft Corp.’s purchase of Activision Blizzard Inc. is bogged down, yet some traders are betting the deal ultimately will go through. If they’re right, there’s serious money to be made, given that the videogame company’s shares are still almost 20% below the offer price.Stricter US antitrust regulators, the series of international approvals needed, a broad slump in technology stocks and the size of the $69 billion deal have all contributed to keep the gap between Activision’s price and Microsoft’s $95-a-share bid stubbornly wide. That’s made it one of the most potentially lucrative opportunities for arbitrageurs who speculate on acquisitions.The heightened attention that US regulators are paying to big companies, especially in technology, has resulted in a longer period between when a deal is announced and when it finally goes through, raising the risk of a transaction falling apart.“Given the deal’s sheer size and heightened antitrust scrutiny towards big tech players, that’s ultimately causing the very large spread,” said Julian Klymochko, chief investment officer at Accelerate Financial Technologies Inc.Microsoft announced the Activision acquisition in January and has said it expects to complete it in the year ending June 30, 2023. And Broadcom Inc. has said it aims to wrap up its $61 billion takeover of VMware Inc., announced in May, by October 2023.Averaged annualized US deal spreads, which offer a gauge of the risk of transactions collapsing, have jumped above 15% from about 10% at the beginning of the year, according to data from Susquehanna International Group. That came amid rising fears of deal collapse or repricing, and higher costs to carry risky positions.To be sure, one of the widest arbitrage spreads in technology mergers has nothing to do with regulatory hurdles.Elon Musk is trying to walk away from his $44 billion acquisition of Twitter Inc., and the company is suing him to force completion of the deal. Twitter shares are trading at $41 versus the deal price of $54.20, offering a 32% gain if the transaction goes through as agreed.Under the stewardship of Lina Khan, the Federal Trade Commission has already sued to block two major takeovers. She’s advocated for a more forceful approach to reviewing large technology deals, arguing that companies in the industry can use their dominance in one line of business to gain power in other markets.The slump in the tech sector also hasn’t helped with deal spreads. The Nasdaq 100 Index is down 19% this year, forcing investors to price in a greater downside risk to Activision shares if the deal falls apart, Klymochko said.Given the length of time until the expected closing of the Activision purchase, the stock has to endure higher volatility for at least a few more quarters tied to company-specific newsflow and general market performance.However, there is “a relatively strong consensus that this deal should go through,” said Cabot Henderson, a market strategist at Jonestrading. Wall Street seems to agree, with 26 of the 32 analysts covering the stock pegging their 12-month price target at $95 or more.And investor Warren Buffett has bought a stake of about 9.5% in Activision in a merger arbitrage bet. The 91-year-old billionaire has about seven decades of experience in arbitrage, including in technology companies: He bought shares of Red Hat Inc. before it was acquired by International Business Machines Corp. in 2019.Last week, MoffettNathanson LLC analyst Clay Griffin upgraded Activision to outperform. “Though we’d push back on the notion that Microsoft will be closing on Activision any day now, we do see strong rationale for why it ultimately should,” he wrote.","news_type":1},"isVote":1,"tweetType":1,"viewCount":157,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966955316,"gmtCreate":1669390499035,"gmtModify":1676538192622,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"Lk","listText":"Lk","text":"Lk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9966955316","repostId":"2285438248","repostType":4,"repost":{"id":"2285438248","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":123,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9030479092,"gmtCreate":1645799049007,"gmtModify":1676534065384,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"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/9030479092","repostId":"1162090372","repostType":4,"repost":{"id":"1162090372","pubTimestamp":1645773448,"share":"https://ttm.financial/m/news/1162090372?lang=&edition=fundamental","pubTime":"2022-02-25 15:17","market":"us","language":"en","title":"7 Low Volatility Stocks to Buy Right Now for Steady Returns","url":"https://stock-news.laohu8.com/highlight/detail?id=1162090372","media":"InvestorPlace","summary":"History has shown us that it’s best to remain invested in the stock market for the long term. The ma","content":"<html><head></head><body><p>History has shown us that it’s best to remain invested in the stock market for the long term. The market has recovered from temporary dips to print new all-time highs with 100% precision over the past century. Investors could buy low-volatility stocks to manage the tension triggered by bouts of market turbulence.</p><p>Once again, turbulence has returned to the stock market in 2022. High inflation, threats of rising interest rates, rising employment costs and rising geopolitical risks trigger market corrections as investors flee to safety.</p><p>It’s beneficial to focus on adding low volatility stocks to your core portfolio. Stable investment positions may dampen risk while maintaining respectable growth potential to improve your chances of meeting long-term investment objectives.</p><p>Shares in profitable mature businesses with notable competitive advantages, steady growth rates and positive cash flows are valuable in mitigating portfolio risks.</p><p>Such stocks should historically have been less volatile than the broad equities market. One mathematical measure called the beta can help screen for low volatility stocks.</p><p>A beta of 1.0 indicates a stock that rises and falls perfectly with the market index. A beta reading above 1.0 indicates higher volatility. A stock beta of less than 1.0 indicates shares have been relatively been more stable than the market.</p><p>Thus, stocks with low volatility and low beta readings could do well as market turbulence heightens in 2022. They reduce the risk of missing investing targets over the long term. They retain growth potential if the underlying businesses retain growth prospects, profitability and keep generating positive cash flow.</p><p>Here are seven potential low volatility stocks to buy for steady returns in 2022:</p><ul><li><a href=\"https://laohu8.com/S/KO\">Coca-Cola </a></li><li><a href=\"https://laohu8.com/S/REGN\">Regeneron Pharmaceuticals </a></li><li><a href=\"https://laohu8.com/S/TXN\">Texas Instruments </a></li><li><a href=\"https://laohu8.com/S/INFY\">Infosys </a></li><li><a href=\"https://laohu8.com/S/GRMN\">Garmin </a></li><li><a href=\"https://laohu8.com/S/NOC\">Northrop Grumman </a></li></ul><ul><li><a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> (BRK.A)、<a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a> (BRK.B)</li></ul><p>Low Volatility Stocks to Buy: <a href=\"https://laohu8.com/S/KO\">Coca-Cola </a></p><p><img src=\"https://static.tigerbbs.com/8b999b6331c97bce23b08a9742ea1230\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Source: MAHATHIR MOHD YASIN / Shutterstock.com</p><p>A global leader in beverages manufacturing, the Coca-Cola Company retains strong moats and cash flow generation power across its business portfolios spread around the world.</p><p>The company faces relatively low labor costs across its global workforce. Its low labor-cost ratio could provide a layer of earnings protection if employment costs rise in the near term. Interestingly, the ages-old company remains innovative. However, that’s not KO stock’s best attribute right now.</p><p>Coca-Cola stock retains high popularity within the investing community. KO stock printed new 52-week highs going into the weekend before President’s Day. The company continues to generate profits and huge positive cash flows while making new investments that fortify its business from rising competition. No wonder KO retains high institutional ownership and remains attractive to investing legend Warren Buffett.</p><p>Historically, $10,000 invested in KO stock 10 years ago would be worth $71,916 today. This total return includes quarterly dividends the company religiously pays out. The current Coca-Cola dividend yields 2.9% annually.</p><p>Coca-Cola’s five-year monthly beta of 0.67 implies that KO stock has not been as volatile as the entire stock market during the period.</p><ul><li><a href=\"https://laohu8.com/S/REGN\">Regeneron Pharmaceuticals </a></li></ul><p><img src=\"https://static.tigerbbs.com/852090c96fd9d8931f07d4d3052ab283\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Source: madamF / Shutterstock.com</p><p>Global pharmaceuticals development giant Regeneron Pharmaceuticals doesn’t pay a regular dividend, but the company retains a market-leading profitability profile that makes it a defensive investment to make during crisis times.</p><p>Gross margins of over 80% make tech stocks look like practical jokes, and operating margins above 50% leave ample room for net profit margins to tower above 50% in an unbelievable show of profitability most publicly traded companies can only dream of. Regeneron is incredibly profitable and generates huge amounts of free cash flow for the business to reinvest in drug development programs.</p><p>A $10,000 investment in Regeneron stock 10 years ago would have grown to over $59,300 today.</p><p>Regeneron stock’s five-year monthly beta of 0.19 indicates share prices have largely been decoupled from the broader stock market.</p><ul><li><a href=\"https://laohu8.com/S/TXN\">Texas Instruments </a></li></ul><p><img src=\"https://static.tigerbbs.com/07fbddee75f70311148ab2158b8ac510\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Source: Katherine Welles / Shutterstock.com</p><p>Dallas-based Texas Instruments is a global semiconductor business that retains a high-profit badge in 2022. The company is ranked among the world’s largest makers of analog chips used to process real-world signals such as sound and power and it retains leading market share in microprocessor and micro-controller supply.</p><p>Texas Instruments’ stock price is up 113% over the past five years. Common stockholders receive a regular dividend, which yields 2.8% annually. The company increased its well-covered dividend by an average of 18% over the past five years and could keep doing so given a 10% five-year earnings growth rate outlook that analysts currently attach to the stock.</p><p>Most noteworthy, TXN stock’s five-year monthly beta of 0.92 indicates its share price has been relatively more stable than the broader equity market.</p><ul><li><a href=\"https://laohu8.com/S/INFY\">Infosys </a></li></ul><p><img src=\"https://static.tigerbbs.com/7e2a946c057d99dd652df3b18fcc79f5\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Source: AjayTvm / Shutterstock.com</p><p>Infosys is a global information technology services provider with more than 1,700 active customers in over 50 countries at the end of 2021. Headquartered in India, the company generates more than 60% of its revenue from North America.</p><p>The company has been steadily growing its customer base with consistency to invoice more than $15.6 billion in revenue over the past twelve months. Interestingly, the company clinchedexpanding large dealswhich increased from $3 billion in fiscal year 2018 to $14 billion in fiscal year 2021.</p><p>Steady revenue growth, slow operating costs growth and strong operating profit margins of around 24% have characterized Infosys’s annual financial results over the past three years.</p><p>Most noteworthy is Infosys’s strong free cash flow generating business and its high dividend growth rates, which can help investors steadily build a wealth position over time. INFY stock has a 1.8% yielding dividend.</p><p>Infosys stock has returned 188% over the past five years. Wall Street analysts project a 20% revenue growth for 2022 and a good 14% annual earnings growth rate for the next five years. The return to investors could thus be substantial over the next five years.</p><p>INFY five-year monthly beta of 0.66 shows shares have been less volatile as compared to the broader stock market.</p><ul><li><a href=\"https://laohu8.com/S/GRMN\">Garmin </a></li></ul><p><img src=\"https://static.tigerbbs.com/5e8643a9a98dcf393487149730cd47dc\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Source: Karolis Kavolelis / Shutterstock.com</p><p>Garmin produces GPS-enabled hardware and software for the fitness industry, outdoors, auto industry, aviation and marine systems. The company licenses mapping data and operates in more than 100 countries. Revenue for 2021 showed a sixth consecutive year of growth to a record $4.98 billion (up 19% year-over-year) while  earnings per share increased 8% annually to $5.63.</p><p>Earnings were negatively impacted by the supply chain crisis and associated rising freight costs in 2021. The result has been a short-term plunge in Garmin stock since August last year to provide interesting entry points into a strong business before the logistics crisis abates.</p><p>Garmin’s gross margins remain high at 58% and its operating profit margin for 2021 was a staggering 22%. Supply chain pressures could begin to ease in 2022 and that could mean a return to higher margins and steady stock price growth.</p><p>Analysts closely following the business forecast an 9.8% revenue growth for 2022 to be followed by a 7.7% sales growth in 2023. GRMN stock is up 107% over the past five years. The company could keep increasing its dividends. Garmin has increased its quarterly dividend consistently for years, and it stands now at 2.4%. This could augment annual returns over time.</p><p>Garmin stock’s five-year monthly beta of 1.0 matches that of the broader market.</p><ul><li><a href=\"https://laohu8.com/S/NOC\">Northrop Grumman </a></li></ul><p><img src=\"https://static.tigerbbs.com/a432ad5c6d6a70e04ff3f35ca46278a7\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Source: Philip Pilosian / Shutterstock.com</p><p>Multinational aerospace and defense technology company Northrop Grumman is a low-volatility stock to buy for steady long-term returns. Talks of a potential European war are all over the place. A Russian aggression over Ukraine has taken center stage in many war rooms. There could be long-term consequences.</p><p>No country would sit idle and wish its potential national security troubles away as news of potential wars bombard television screens, theatrics happen in the South China Sea and as North Korea keeps testing advanced intercontinental weapons. Defense spending could soar this decade, and Northrop Grumman could enjoy more business and increased cash flows.</p><p>Most noteworthy, Northrop Grumman recently developed a bigger and better defense system. Its latest Surface Electronic Warfare Improvement Program (SEWIP) for Navy systems could rack in billions in revenue and earnings for the defense contractor. SEWIP Block 3 promises early detection of missile threats to U.S. warships and could target a larger addressable market than its predecessor, <a href=\"https://laohu8.com/S/LMT\">Lockheed Martin’s</a> SEWIP Block 2.</p><p>The company services and upgrades sold equipment for customers. Such contracts earn it more revenue and profits on top of initial production and installation invoices.</p><p>That’s not all. Northrop Grumman also has $76 billion revenue backlog, growing annual sales run rates and more than $3.6 billion in 2021 operating cash flow. Stable revenue and strong cash flows offer investors a low-volatility stock with steady returns potential during periods of market turmoil.</p><p>Dividend increases and share repurchases are working well to boost shareholder returns. NOC stock has a five-year monthly beta of 0.84.</p><ul><li><a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a>(BRK.A)、<a href=\"https://laohu8.com/S/BRK.B\">Berkshire Hathaway</a>(BRK.B)</li></ul><p><img src=\"https://static.tigerbbs.com/44051cbb15ec4b6069ab09e8bdd4f1b8\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Source: Jonathan Weiss / Shutterstock.com</p><p>Led by investing legend Warren Buffett, Berkshire Hathaway owns an impressive portfolio of well-run businesses that mostly generate positive earnings and positive free cash flows.</p><p>Berkshire’s core businesses (including the railroad and insurance segments) generate stable growth and huge cash flows annually. Management uses such free cash flows to invest in other companies. Moreover, the company’s investments portfolio is an interesting return generator with more than $331 billion in invested capital.</p><p>The portfolio’s <a href=\"https://laohu8.com/S/AAPL\">Apple</a> position (44.3% of portfolio assets) and <a href=\"https://laohu8.com/S/BAC\">Bank Of America</a> (13.5% of the portfolio) dominate holdings and have earned the portfolio stable dividend income.</p><p>Under two younger portfolio managers Ted Weschler and Todd Combs — who remain under Warren and Charlie Munger’s mentorship — Berkshire Hathaway made headway into Web 3.0 (the internet’s largely decentralized future) as it scooped shares in gaming giant <a href=\"https://laohu8.com/S/ATVI\">Activision Blizzard</a> before <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> decided to snatch the whole business for itselfin an acquisition.</p><p>There are times when Berkshire stock may underperform the broader market as fads come and go. However, investors seeking stable, high probability returns shouldn’t think twice about adding shares to their main portfolios.</p><p>Past returns may not be indicative of future performance. That said, $10,000 invested in Berkshire Hathaway stock 10 years ago would be worth $39,530 today. BKB-B’s five-year stock beta of 0.86 implies that shares have been less volatile as compared to the broader market.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>7 Low Volatility Stocks to Buy Right Now for Steady Returns</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\">\n7 Low Volatility Stocks to Buy Right Now for Steady Returns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-25 15:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/02/7-low-volatility-stocks-to-buy-right-now-for-steady-returns/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>History has shown us that it’s best to remain invested in the stock market for the long term. The market has recovered from temporary dips to print new all-time highs with 100% precision over the past...</p>\n\n<a href=\"https://investorplace.com/2022/02/7-low-volatility-stocks-to-buy-right-now-for-steady-returns/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","REGN":"再生元制药公司","BRK.B":"伯克希尔B","TXN":"德州仪器","INFY":"印孚瑟斯","GRMN":"佳明","KO":"可口可乐"},"source_url":"https://investorplace.com/2022/02/7-low-volatility-stocks-to-buy-right-now-for-steady-returns/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162090372","content_text":"History has shown us that it’s best to remain invested in the stock market for the long term. The market has recovered from temporary dips to print new all-time highs with 100% precision over the past century. Investors could buy low-volatility stocks to manage the tension triggered by bouts of market turbulence.Once again, turbulence has returned to the stock market in 2022. High inflation, threats of rising interest rates, rising employment costs and rising geopolitical risks trigger market corrections as investors flee to safety.It’s beneficial to focus on adding low volatility stocks to your core portfolio. Stable investment positions may dampen risk while maintaining respectable growth potential to improve your chances of meeting long-term investment objectives.Shares in profitable mature businesses with notable competitive advantages, steady growth rates and positive cash flows are valuable in mitigating portfolio risks.Such stocks should historically have been less volatile than the broad equities market. One mathematical measure called the beta can help screen for low volatility stocks.A beta of 1.0 indicates a stock that rises and falls perfectly with the market index. A beta reading above 1.0 indicates higher volatility. A stock beta of less than 1.0 indicates shares have been relatively been more stable than the market.Thus, stocks with low volatility and low beta readings could do well as market turbulence heightens in 2022. They reduce the risk of missing investing targets over the long term. They retain growth potential if the underlying businesses retain growth prospects, profitability and keep generating positive cash flow.Here are seven potential low volatility stocks to buy for steady returns in 2022:Coca-Cola Regeneron Pharmaceuticals Texas Instruments Infosys Garmin Northrop Grumman Berkshire Hathaway (BRK.A)、Berkshire Hathaway (BRK.B)Low Volatility Stocks to Buy: Coca-Cola Source: MAHATHIR MOHD YASIN / Shutterstock.comA global leader in beverages manufacturing, the Coca-Cola Company retains strong moats and cash flow generation power across its business portfolios spread around the world.The company faces relatively low labor costs across its global workforce. Its low labor-cost ratio could provide a layer of earnings protection if employment costs rise in the near term. Interestingly, the ages-old company remains innovative. However, that’s not KO stock’s best attribute right now.Coca-Cola stock retains high popularity within the investing community. KO stock printed new 52-week highs going into the weekend before President’s Day. The company continues to generate profits and huge positive cash flows while making new investments that fortify its business from rising competition. No wonder KO retains high institutional ownership and remains attractive to investing legend Warren Buffett.Historically, $10,000 invested in KO stock 10 years ago would be worth $71,916 today. This total return includes quarterly dividends the company religiously pays out. The current Coca-Cola dividend yields 2.9% annually.Coca-Cola’s five-year monthly beta of 0.67 implies that KO stock has not been as volatile as the entire stock market during the period.Regeneron Pharmaceuticals Source: madamF / Shutterstock.comGlobal pharmaceuticals development giant Regeneron Pharmaceuticals doesn’t pay a regular dividend, but the company retains a market-leading profitability profile that makes it a defensive investment to make during crisis times.Gross margins of over 80% make tech stocks look like practical jokes, and operating margins above 50% leave ample room for net profit margins to tower above 50% in an unbelievable show of profitability most publicly traded companies can only dream of. Regeneron is incredibly profitable and generates huge amounts of free cash flow for the business to reinvest in drug development programs.A $10,000 investment in Regeneron stock 10 years ago would have grown to over $59,300 today.Regeneron stock’s five-year monthly beta of 0.19 indicates share prices have largely been decoupled from the broader stock market.Texas Instruments Source: Katherine Welles / Shutterstock.comDallas-based Texas Instruments is a global semiconductor business that retains a high-profit badge in 2022. The company is ranked among the world’s largest makers of analog chips used to process real-world signals such as sound and power and it retains leading market share in microprocessor and micro-controller supply.Texas Instruments’ stock price is up 113% over the past five years. Common stockholders receive a regular dividend, which yields 2.8% annually. The company increased its well-covered dividend by an average of 18% over the past five years and could keep doing so given a 10% five-year earnings growth rate outlook that analysts currently attach to the stock.Most noteworthy, TXN stock’s five-year monthly beta of 0.92 indicates its share price has been relatively more stable than the broader equity market.Infosys Source: AjayTvm / Shutterstock.comInfosys is a global information technology services provider with more than 1,700 active customers in over 50 countries at the end of 2021. Headquartered in India, the company generates more than 60% of its revenue from North America.The company has been steadily growing its customer base with consistency to invoice more than $15.6 billion in revenue over the past twelve months. Interestingly, the company clinchedexpanding large dealswhich increased from $3 billion in fiscal year 2018 to $14 billion in fiscal year 2021.Steady revenue growth, slow operating costs growth and strong operating profit margins of around 24% have characterized Infosys’s annual financial results over the past three years.Most noteworthy is Infosys’s strong free cash flow generating business and its high dividend growth rates, which can help investors steadily build a wealth position over time. INFY stock has a 1.8% yielding dividend.Infosys stock has returned 188% over the past five years. Wall Street analysts project a 20% revenue growth for 2022 and a good 14% annual earnings growth rate for the next five years. The return to investors could thus be substantial over the next five years.INFY five-year monthly beta of 0.66 shows shares have been less volatile as compared to the broader stock market.Garmin Source: Karolis Kavolelis / Shutterstock.comGarmin produces GPS-enabled hardware and software for the fitness industry, outdoors, auto industry, aviation and marine systems. The company licenses mapping data and operates in more than 100 countries. Revenue for 2021 showed a sixth consecutive year of growth to a record $4.98 billion (up 19% year-over-year) while  earnings per share increased 8% annually to $5.63.Earnings were negatively impacted by the supply chain crisis and associated rising freight costs in 2021. The result has been a short-term plunge in Garmin stock since August last year to provide interesting entry points into a strong business before the logistics crisis abates.Garmin’s gross margins remain high at 58% and its operating profit margin for 2021 was a staggering 22%. Supply chain pressures could begin to ease in 2022 and that could mean a return to higher margins and steady stock price growth.Analysts closely following the business forecast an 9.8% revenue growth for 2022 to be followed by a 7.7% sales growth in 2023. GRMN stock is up 107% over the past five years. The company could keep increasing its dividends. Garmin has increased its quarterly dividend consistently for years, and it stands now at 2.4%. This could augment annual returns over time.Garmin stock’s five-year monthly beta of 1.0 matches that of the broader market.Northrop Grumman Source: Philip Pilosian / Shutterstock.comMultinational aerospace and defense technology company Northrop Grumman is a low-volatility stock to buy for steady long-term returns. Talks of a potential European war are all over the place. A Russian aggression over Ukraine has taken center stage in many war rooms. There could be long-term consequences.No country would sit idle and wish its potential national security troubles away as news of potential wars bombard television screens, theatrics happen in the South China Sea and as North Korea keeps testing advanced intercontinental weapons. Defense spending could soar this decade, and Northrop Grumman could enjoy more business and increased cash flows.Most noteworthy, Northrop Grumman recently developed a bigger and better defense system. Its latest Surface Electronic Warfare Improvement Program (SEWIP) for Navy systems could rack in billions in revenue and earnings for the defense contractor. SEWIP Block 3 promises early detection of missile threats to U.S. warships and could target a larger addressable market than its predecessor, Lockheed Martin’s SEWIP Block 2.The company services and upgrades sold equipment for customers. Such contracts earn it more revenue and profits on top of initial production and installation invoices.That’s not all. Northrop Grumman also has $76 billion revenue backlog, growing annual sales run rates and more than $3.6 billion in 2021 operating cash flow. Stable revenue and strong cash flows offer investors a low-volatility stock with steady returns potential during periods of market turmoil.Dividend increases and share repurchases are working well to boost shareholder returns. NOC stock has a five-year monthly beta of 0.84.Berkshire Hathaway(BRK.A)、Berkshire Hathaway(BRK.B)Source: Jonathan Weiss / Shutterstock.comLed by investing legend Warren Buffett, Berkshire Hathaway owns an impressive portfolio of well-run businesses that mostly generate positive earnings and positive free cash flows.Berkshire’s core businesses (including the railroad and insurance segments) generate stable growth and huge cash flows annually. Management uses such free cash flows to invest in other companies. Moreover, the company’s investments portfolio is an interesting return generator with more than $331 billion in invested capital.The portfolio’s Apple position (44.3% of portfolio assets) and Bank Of America (13.5% of the portfolio) dominate holdings and have earned the portfolio stable dividend income.Under two younger portfolio managers Ted Weschler and Todd Combs — who remain under Warren and Charlie Munger’s mentorship — Berkshire Hathaway made headway into Web 3.0 (the internet’s largely decentralized future) as it scooped shares in gaming giant Activision Blizzard before Microsoft decided to snatch the whole business for itselfin an acquisition.There are times when Berkshire stock may underperform the broader market as fads come and go. However, investors seeking stable, high probability returns shouldn’t think twice about adding shares to their main portfolios.Past returns may not be indicative of future performance. That said, $10,000 invested in Berkshire Hathaway stock 10 years ago would be worth $39,530 today. BKB-B’s five-year stock beta of 0.86 implies that shares have been less volatile as compared to the broader market.","news_type":1},"isVote":1,"tweetType":1,"viewCount":229,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367172248940552,"gmtCreate":1730650054508,"gmtModify":1730650056639,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","listText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","text":"$Palantir Technologies Inc.(PLTR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/367172248940552","isVote":1,"tweetType":1,"viewCount":1,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9094434565,"gmtCreate":1645201623038,"gmtModify":1676534008814,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094434565","repostId":"1179361607","repostType":4,"repost":{"id":"1179361607","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":1645198178,"share":"https://ttm.financial/m/news/1179361607?lang=&edition=fundamental","pubTime":"2022-02-18 23:29","market":"us","language":"en","title":"Ford Shares Rose More Than 4% in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1179361607","media":"Tiger Newspress","summary":"Ford shares rose more than 4% in morning trading.Ford Motor Co. is looking at ways to separate its e","content":"<html><head></head><body><p>Ford shares rose more than 4% in morning trading.<img src=\"https://static.tigerbbs.com/3cf4baa5955e43c3814c6c3e683c568c\" tg-width=\"703\" tg-height=\"587\" width=\"100%\" height=\"auto\"/>Ford Motor Co. is looking at ways to separate its electric-vehicle operation from its century-old legacy business, hoping to earn the sort of investor respect enjoyed by Tesla Inc. and other pure-play EV makers, Bloomberg News reports.</p><p>Chief Executive Officer Jim Farley wants to wall off Ford’s electric operations from its internal combustion engine business and has even considered spinning off one or the other, people familiar with the effort said.</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>Ford Shares Rose More Than 4% in Morning Trading</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\">\nFord Shares Rose More Than 4% in Morning Trading\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\">2022-02-18 23:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Ford shares rose more than 4% in morning trading.<img src=\"https://static.tigerbbs.com/3cf4baa5955e43c3814c6c3e683c568c\" tg-width=\"703\" tg-height=\"587\" width=\"100%\" height=\"auto\"/>Ford Motor Co. is looking at ways to separate its electric-vehicle operation from its century-old legacy business, hoping to earn the sort of investor respect enjoyed by Tesla Inc. and other pure-play EV makers, Bloomberg News reports.</p><p>Chief Executive Officer Jim Farley wants to wall off Ford’s electric operations from its internal combustion engine business and has even considered spinning off one or the other, people familiar with the effort said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"F":"福特汽车"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179361607","content_text":"Ford shares rose more than 4% in morning trading.Ford Motor Co. is looking at ways to separate its electric-vehicle operation from its century-old legacy business, hoping to earn the sort of investor respect enjoyed by Tesla Inc. and other pure-play EV makers, Bloomberg News reports.Chief Executive Officer Jim Farley wants to wall off Ford’s electric operations from its internal combustion engine business and has even considered spinning off one or the other, people familiar with the effort said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9093900884,"gmtCreate":1643475009494,"gmtModify":1676533824146,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"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/9093900884","repostId":"1157223555","repostType":4,"repost":{"id":"1157223555","pubTimestamp":1643443466,"share":"https://ttm.financial/m/news/1157223555?lang=&edition=fundamental","pubTime":"2022-01-29 16:04","market":"us","language":"en","title":"Goldman Sachs Predicts Fed Will Raise Rates Five Times This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1157223555","media":"Bloomberg","summary":"Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve wi","content":"<html><head></head><body><p>Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve will raise interest rates more aggressively than they previously expected.</p><p>Economists led by Jan Hatzius now predict the Fed will lift its near zero benchmark by 25 basis points five times this year rather than on four occasions. That would take the benchmark to 1.25%-1.5% by the end of the year.</p><p>Shifts are now seen by Goldman Sachs in March, May, July, September and December. They also expect officials to announce the start of a balance sheet reduction in June.</p><p>The switch came days after Fed Chair Jerome Powell said officials were ready to raise rates in March and left the door open to moving at every meeting if needed to curb the fastest inflation in 40 years. A government report on Friday showed the Employment Cost Index rose 4% in the year through December, the most in two decades.</p><p>Fed Kicks Off Most Aggressive Global Tightening in Decades</p><p>“The evidence that wage growth is running above levels consistent with the Fed’s inflation target has strengthened, and we have revised up our inflation path,” the Goldman Sachs economists said in a report to clients. “In addition, Chair Powell’s comments earlier this week made it clear that the Fed leadership is open to a more aggressive pace of tightening.”</p><p>The Fed could still switch gears if market conditions change or the economy decelerates much faster than projected, or tighten monetary policy even more than forecast if inflation remains high enough, they said.</p><p>Even as they agreed the Fed will do more than they previously bet, banks were divided this week over how aggressive policy makers would be.</p><p>Bank of America Corp. now predicts seven rate hikes in 2022 and BNP Paribas SA forecasts six, while JPMorgan Chase &amp; Co. and Deutsche Bank AG see five.</p><p>Nomura Holdings Inc. even reckons the central bank will deliver a 50 basis points increase in March, which would be the biggest move since 2000.</p><p>Bloomberg Economics is sticking with the projection of five hikes it made earlier this month, though Chief Economist Anna Wong said this week there is a risk of six increases.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs Predicts Fed Will Raise Rates Five Times This Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs Predicts Fed Will Raise Rates Five Times This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-29 16:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/goldman-sachs-predicts-fed-raise-071350897.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve will raise interest rates more aggressively than they previously expected.Economists led by Jan ...</p>\n\n<a href=\"https://finance.yahoo.com/news/goldman-sachs-predicts-fed-raise-071350897.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/goldman-sachs-predicts-fed-raise-071350897.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157223555","content_text":"Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve will raise interest rates more aggressively than they previously expected.Economists led by Jan Hatzius now predict the Fed will lift its near zero benchmark by 25 basis points five times this year rather than on four occasions. That would take the benchmark to 1.25%-1.5% by the end of the year.Shifts are now seen by Goldman Sachs in March, May, July, September and December. They also expect officials to announce the start of a balance sheet reduction in June.The switch came days after Fed Chair Jerome Powell said officials were ready to raise rates in March and left the door open to moving at every meeting if needed to curb the fastest inflation in 40 years. A government report on Friday showed the Employment Cost Index rose 4% in the year through December, the most in two decades.Fed Kicks Off Most Aggressive Global Tightening in Decades“The evidence that wage growth is running above levels consistent with the Fed’s inflation target has strengthened, and we have revised up our inflation path,” the Goldman Sachs economists said in a report to clients. “In addition, Chair Powell’s comments earlier this week made it clear that the Fed leadership is open to a more aggressive pace of tightening.”The Fed could still switch gears if market conditions change or the economy decelerates much faster than projected, or tighten monetary policy even more than forecast if inflation remains high enough, they said.Even as they agreed the Fed will do more than they previously bet, banks were divided this week over how aggressive policy makers would be.Bank of America Corp. now predicts seven rate hikes in 2022 and BNP Paribas SA forecasts six, while JPMorgan Chase & Co. and Deutsche Bank AG see five.Nomura Holdings Inc. even reckons the central bank will deliver a 50 basis points increase in March, which would be the biggest move since 2000.Bloomberg Economics is sticking with the projection of five hikes it made earlier this month, though Chief Economist Anna Wong said this week there is a risk of six increases.","news_type":1},"isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970499818,"gmtCreate":1684779040435,"gmtModify":1684779044466,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970499818","repostId":"2337665904","repostType":4,"repost":{"id":"2337665904","pubTimestamp":1684767994,"share":"https://ttm.financial/m/news/2337665904?lang=&edition=fundamental","pubTime":"2023-05-22 23:06","market":"us","language":"en","title":"Better Buy: Apple vs. Nvidia","url":"https://stock-news.laohu8.com/highlight/detail?id=2337665904","media":"Motley Fool","summary":"Apple and Nvidia lead multiple high-growth markets, making their stocks attractive investments right now.","content":"<html><head></head><body><p>After a stock market sell-off last year, the tech industry is on the rise in 2023, alongside innovative developments in consumer tech, artificial intelligence (AI), and more. As a result, the companies leading these sectors make increasingly attractive investments.</p><p>Since its founding almost 50 years ago, <a href=\"https://laohu8.com/S/AAPL\">Apple</a> has conquered consumer tech by offering quality products across multiple markets. Its success in the industry has helped its stock climb over 1,000% in the last decade, granting investors consistent and reliable gains. </p><p>Meanwhile, <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> has captured Wall Street&#39;s attention by achieving an over 80% market share in consumer graphic processing units (GPUs) and using it to catapult itself to the top of the booming AI industry.</p><p>These companies likely have much to offer investors over the long term, thanks to their positions at the top of multiple lucrative markets. However, if you only have room for one in your portfolio, you&#39;ll need to know which is the better buy. So let&#39;s determine whether your money is better off with Apple or Nvidia&#39;s stock. </p><h2><a href=\"https://laohu8.com/S/AAPL\">Apple</a> offers consistent gains and unrivaled brand loyalty</h2><p>This month, Apple&#39;s stock surpassed its year-over-year record high price of $174, achieved in August 2022, by inching over $175. While a stock reaching such heights might suggest it&#39;s too expensive, Apple shares continue to be a buy thanks to their consistent and reliable growth. In the last five years alone, the company&#39;s stock has risen 276% despite having to contend with a global pandemic and an economic downturn.</p><p>Apple&#39;s reliability largely stems from the brand loyalty it has garnered from consumers over the years. Warren Buffett described the company&#39;s consumer devotion perfectly last month when he said, &#34;If someone offered you $10,000 to never buy an iPhone again, you wouldn&#39;t take it.&#34; While surprising, the sentiment is true for millions of people who would happily switch brands of other products before abandoning their Apple devices.</p><p>The company&#39;s immense consumer loyalty has given it the power to rapidly grow public adoption of newer technologies. Markets like smartphones, tablets, Bluetooth headphones, and smartwatches each saw a massive spike in consumer adoption when Apple entered the picture, with the company now holding the largest market share in each of these sectors.</p><p>Apple&#39;s expected venture into virtual/augmented reality with a new headset later this year could make it the leader of this $31 billion market as well.</p><h2><a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> enjoyed a monster rally in 2023 as it rides the AI wave</h2><p>Nvidia&#39;s stock has skyrocketed 116% since Jan. 1, with bullish investors excited by the company&#39;s prospects in AI. The company has taken a top spot in the industry by becoming the primary supplier of GPUs to OpenAI&#39;s ChatGPT, an advanced chatbot capable of producing human-like dialogue. Considering ChatGPT was one of the main drivers of the current AI boom, Nvidia is well positioned to become the industry&#39;s go-to chip provider.</p><p>According to data from Grand View Research, the AI market is projected to develop at a compound annual growth rate of 37% through 2030, valued at about $137 billion last year. GPUs like Nvidia&#39;s are crucial to that growth, as the chips&#39; power is required to run and develop AI software.</p><p>Moreover, a report from TrendForce in March revealed ChatGPT used about 20,000 GPUs in 2020, with that figure projected to hit 30,000 as it readies for commercialization. As more tech companies pivot their businesses to AI development, Nvidia has a massive advantage with its ability to sell its chips to the entire market. Competition from chipmakers <strong>AMD</strong> and <strong>Intel</strong> is growing, but Nvidia has so far built up a lead that will be difficult to beat.</p><h2>Is Apple or Nvidia stock the better buy?</h2><p>Apple and Nvidia have vast potential in their respective industries and will likely offer investors considerable gains in the coming years. However, choosing which company is the better buy lies in which is less of a risk and the more reliable choice. In this case, Apple stock is the better buy.</p><p>Nvidia has vast potential in AI, but its soaring stock price this year banking on the success of an untested market makes its stock the more volatile option. Meanwhile, Apple has proven time and time again its dominance in consumer tech and its ability to steal a leading market share in nearly any sector it enters. </p><p>Moreover, Apple&#39;s forward price-to-earnings ratio of 30 compared to Nvidia&#39;s 70 makes the iPhone company a better value. So if you can only choose one, go with Apple&#39;s stock. However, Nvidia shares are still a compelling option if you&#39;re looking to invest in the burgeoning AI industry.</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>Better Buy: Apple vs. Nvidia</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\">\nBetter Buy: Apple vs. Nvidia\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-22 23:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/05/21/better-buy-apple-vs-nvidia/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After a stock market sell-off last year, the tech industry is on the rise in 2023, alongside innovative developments in consumer tech, artificial intelligence (AI), and more. As a result, the ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/05/21/better-buy-apple-vs-nvidia/\">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","NVDA":"英伟达"},"source_url":"https://www.fool.com/investing/2023/05/21/better-buy-apple-vs-nvidia/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2337665904","content_text":"After a stock market sell-off last year, the tech industry is on the rise in 2023, alongside innovative developments in consumer tech, artificial intelligence (AI), and more. As a result, the companies leading these sectors make increasingly attractive investments.Since its founding almost 50 years ago, Apple has conquered consumer tech by offering quality products across multiple markets. Its success in the industry has helped its stock climb over 1,000% in the last decade, granting investors consistent and reliable gains. Meanwhile, Nvidia has captured Wall Street's attention by achieving an over 80% market share in consumer graphic processing units (GPUs) and using it to catapult itself to the top of the booming AI industry.These companies likely have much to offer investors over the long term, thanks to their positions at the top of multiple lucrative markets. However, if you only have room for one in your portfolio, you'll need to know which is the better buy. So let's determine whether your money is better off with Apple or Nvidia's stock. Apple offers consistent gains and unrivaled brand loyaltyThis month, Apple's stock surpassed its year-over-year record high price of $174, achieved in August 2022, by inching over $175. While a stock reaching such heights might suggest it's too expensive, Apple shares continue to be a buy thanks to their consistent and reliable growth. In the last five years alone, the company's stock has risen 276% despite having to contend with a global pandemic and an economic downturn.Apple's reliability largely stems from the brand loyalty it has garnered from consumers over the years. Warren Buffett described the company's consumer devotion perfectly last month when he said, \"If someone offered you $10,000 to never buy an iPhone again, you wouldn't take it.\" While surprising, the sentiment is true for millions of people who would happily switch brands of other products before abandoning their Apple devices.The company's immense consumer loyalty has given it the power to rapidly grow public adoption of newer technologies. Markets like smartphones, tablets, Bluetooth headphones, and smartwatches each saw a massive spike in consumer adoption when Apple entered the picture, with the company now holding the largest market share in each of these sectors.Apple's expected venture into virtual/augmented reality with a new headset later this year could make it the leader of this $31 billion market as well.Nvidia enjoyed a monster rally in 2023 as it rides the AI waveNvidia's stock has skyrocketed 116% since Jan. 1, with bullish investors excited by the company's prospects in AI. The company has taken a top spot in the industry by becoming the primary supplier of GPUs to OpenAI's ChatGPT, an advanced chatbot capable of producing human-like dialogue. Considering ChatGPT was one of the main drivers of the current AI boom, Nvidia is well positioned to become the industry's go-to chip provider.According to data from Grand View Research, the AI market is projected to develop at a compound annual growth rate of 37% through 2030, valued at about $137 billion last year. GPUs like Nvidia's are crucial to that growth, as the chips' power is required to run and develop AI software.Moreover, a report from TrendForce in March revealed ChatGPT used about 20,000 GPUs in 2020, with that figure projected to hit 30,000 as it readies for commercialization. As more tech companies pivot their businesses to AI development, Nvidia has a massive advantage with its ability to sell its chips to the entire market. Competition from chipmakers AMD and Intel is growing, but Nvidia has so far built up a lead that will be difficult to beat.Is Apple or Nvidia stock the better buy?Apple and Nvidia have vast potential in their respective industries and will likely offer investors considerable gains in the coming years. However, choosing which company is the better buy lies in which is less of a risk and the more reliable choice. In this case, Apple stock is the better buy.Nvidia has vast potential in AI, but its soaring stock price this year banking on the success of an untested market makes its stock the more volatile option. Meanwhile, Apple has proven time and time again its dominance in consumer tech and its ability to steal a leading market share in nearly any sector it enters. Moreover, Apple's forward price-to-earnings ratio of 30 compared to Nvidia's 70 makes the iPhone company a better value. So if you can only choose one, go with Apple's stock. However, Nvidia shares are still a compelling option if you're looking to invest in the burgeoning AI industry.","news_type":1},"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9925504351,"gmtCreate":1672055507973,"gmtModify":1676538627781,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9925504351","repostId":"2293521334","repostType":4,"repost":{"id":"2293521334","pubTimestamp":1672066286,"share":"https://ttm.financial/m/news/2293521334?lang=&edition=fundamental","pubTime":"2022-12-26 22:51","market":"us","language":"en","title":"Wall Street Expects S&P 500 to Finish 2023 at 4,000 After Missing Mark By the Widest Margin Since 2008","url":"https://stock-news.laohu8.com/highlight/detail?id=2293521334","media":"MarketWatch","summary":"Wall Street often gets it wrong when it comes to anticipating where stocks might be trading one-year","content":"<html><head></head><body><p>Wall Street often gets it wrong when it comes to anticipating where stocks might be trading one-year out. But in 2022, its forecasters were set to miss the mark by the widest margin in nearly 15 years, according to data compiled by FactSet.</p><p>Wall Street equity analysts were on pace to overestimate the performance of the S&amp;P 500 index in 2022 by nearly 40% as of Tuesday, according to the average bottom-up forecast compiled by FactSet’s senior earnings analyst John Butters. That would mark their biggest miss since 2008 when analysts overshot by 92%.</p><p>A year ago, equity analysts were penciling in the S&amp;P 500SPX,+0.59%finishing 2022 at 5,264.51, according to FactSet data. That’s turned out to be way off base: the large-cap index was trading just north of 3,800 as of Tuesday’s close.</p><p>This year, however, Wall Street’s top strategists have been more cautious,spending much of the time slashing their year-end stock-market targets as the Federal Reserve kept raising rates to fight stubbornly high inflation and causing volatility across markets, including stocks, bonds, currencies and commodities, to explode.</p><p>The damage felt across financial markets has the S&amp;P 500 down about 20%, on pace for its worst year since 2008 when it plunged nearly 40%, according to Dow Jones Market Data.</p><h2>S&amp;P 500 estimates</h2><p>A recent survey of top Wall Street forecasters by MarketWatch put the average S&amp;P 500 estimate at 4,031 for the end of 2023, an advance of only about 6% from Tuesday’s close of 3,821.62. To get to that average (see chart), MarketWatch collected estimates from 18 investment banks and brokers.</p><p><img src=\"https://static.tigerbbs.com/d035ea91cb6e4343fdf465ac091a1d23\" tg-width=\"837\" tg-height=\"1048\" referrerpolicy=\"no-referrer\"/></p><p>A few estimates, including those of top equity and macro strategists at Barclays PLCBCS,+1.30%,Morgan Stanley, Citigroup Inc. and UBS Group AG expect the S&amp;P 500 to finish next yearbelow 4,000.</p><p>Forecasts, however, from the group were spread over an unusually wide range, market strategists told MarketWatch.</p><p>On the low end, BNP Paribas’ Greg Boutle expects a continued slide in stocks next year, with the S&amp;P 500 finishing 2023 at 3,400.Deutsche Bank’s Binky Chadha, who has the highest year-end target of the group, expects the index to finish next year at 4,500.</p><p>Furthermore, a FactSet survey of equity analysts produced a bottom-up forecast for the S&amp;P 500 of 4,500 by the end of 2023. That would represent an advance of roughly 18% based on the index’s closing level on Tuesday.</p><h2>What about a recession?</h2><p>Many macro strategists said in their 2023 outlooks that they expect the U.S. economy to slide into a recession by midyear, further undermining equity valuations as corporate profits slump and unemployment climbs.</p><p>Notably, Goldman Sachs’ Chief Economist Jan Hatzius expects economic growth in the U.S. to slow, but avoid a recession.</p><p>One of the main pillars supporting equity valuations has been an expectation that stocks will bottom out in the first half of next year, before rebounding in the latter half of 2023, as inflation recedes and unemployment rises, allowing the Fed to start slashing interest-rates without risking hyperinflation.</p><p>While even Fed Chairman Jerome Powell has said there are no guarantees about where monetary policy will need to bring inflation down concretely,lingering expectations have been for the Fed eventually to “pivot” away from its aggressive stance on rates at some point next year, which has helped buttress stocks..</p><p>Movements in fed-funds futures, which are used by traders for the purposes of hedging and speculation, appear to confirm this view, according to data from the CME Group’s FedWatch tool.</p><p>Investors have continued to cling to hopes for a late-year 2023 rate cut from the Fed, futures show, even as the Fed’s latest “dot plot,” released earlier this month, suggest senior central bankers don’t expect to cut rates until 2024.</p><p>Many investors expect stocks to bottom in the first half of 2023 as the Fed’s aggressive interest-rate hikes finally take their toll on the economy.</p><p>JPMorgan Chase &amp; Co.’sJPM,+0.47%Marko Kolanovic, who was one of the most bullish strategists on Wall Street heading into 2022, holds this view, as he confirmed to MarketWatch via email.</p><p>Morgan Stanley’s Michael Wilson, one of the few Wall Street equity strategists who anticipated this year’s crash, endorsed a similar view when he described 2023 as a “tale of two halves” in a research note dated Dec. 19. Wilson thinks the S&amp;P 500 will find a bottom in the first quarter of 2023, creating a “terrific buying opportunity.”</p><h2>Bulls and bears: wildly different outlooks</h2><p>A look outside of major investment banks shows bulls and bears with dramatically different visions of how they expect next year to play out.</p><p>Tom Lee, head of research at Fundstrat Global Advisors, sees the S&amp;P 500 advancing to 4,750 next year based on his expectation that inflation will continue to recede. Lee has burnished his reputation as a stock-market bull, standing by his calls for stocks to continue to climb in frequent appearances on business television networks, like CNBC.</p><p>In a recent elaboration of his 2023 outlook, Lee noted that instances where U.S. stocks fall for two consecutive years have been rare since World War II.</p><p>What’s more, double-digit pullbacks, which look likely this year, often have been followed by particularly torrid rebounds, as the historical data show.</p><p>The S&amp;P 500 has advanced 13.5%, on average, in the years following a pullback, according to Lee’s analysis of historical data going back to 1946.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/49a3cee89daa72ccc63c2662d3f6c26d\" tg-width=\"700\" tg-height=\"689\" referrerpolicy=\"no-referrer\"/><span>FUNDSTRAT</span></p><p>On the other hand, stock-market bears like Chris Senyek, chief investment strategist at Wolfe Research, expect the pain in equities to persist next year. In a recent report, Senyek explained why he thinks the U.S. economy will crater next year, while inflation will remain stubbornly persistent, leading to “stagflation.”</p><h2>A 35% pullback?</h2><p>As a result, Senyek expects the S&amp;P 500 to potentially fall by as much as 35% next year. A decline of that magnitude from Tuesday’s close would drive the S&amp;P 500 to around 2,500,a level last touched in the wake of the March 2020 crash, according to FactSet.</p><p>“We believe that the amount of [monetary] tightening that’s already taken place is enough to push in the U.S. economy into a recession, and that U.S. real GDP growth will hit -2% to -3% on a [year-over-year] basis at some point in 2023,” Senyek said, in a note.</p><p>The S&amp;P 500 has fallen roughly 20% this year through Tuesday, while the Dow Jones Industrial Average was down 10% and the Nasdaq Composite was off nearly 33%.</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>Wall Street Expects S&P 500 to Finish 2023 at 4,000 After Missing Mark By the Widest Margin Since 2008</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Expects S&P 500 to Finish 2023 at 4,000 After Missing Mark By the Widest Margin Since 2008\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-26 22:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/wall-streets-stock-market-forecasts-for-2022-were-off-by-the-widest-margin-since-2008-will-next-year-be-any-different-11671583416?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street often gets it wrong when it comes to anticipating where stocks might be trading one-year out. But in 2022, its forecasters were set to miss the mark by the widest margin in nearly 15 years...</p>\n\n<a href=\"https://www.marketwatch.com/story/wall-streets-stock-market-forecasts-for-2022-were-off-by-the-widest-margin-since-2008-will-next-year-be-any-different-11671583416?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":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/wall-streets-stock-market-forecasts-for-2022-were-off-by-the-widest-margin-since-2008-will-next-year-be-any-different-11671583416?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2293521334","content_text":"Wall Street often gets it wrong when it comes to anticipating where stocks might be trading one-year out. But in 2022, its forecasters were set to miss the mark by the widest margin in nearly 15 years, according to data compiled by FactSet.Wall Street equity analysts were on pace to overestimate the performance of the S&P 500 index in 2022 by nearly 40% as of Tuesday, according to the average bottom-up forecast compiled by FactSet’s senior earnings analyst John Butters. That would mark their biggest miss since 2008 when analysts overshot by 92%.A year ago, equity analysts were penciling in the S&P 500SPX,+0.59%finishing 2022 at 5,264.51, according to FactSet data. That’s turned out to be way off base: the large-cap index was trading just north of 3,800 as of Tuesday’s close.This year, however, Wall Street’s top strategists have been more cautious,spending much of the time slashing their year-end stock-market targets as the Federal Reserve kept raising rates to fight stubbornly high inflation and causing volatility across markets, including stocks, bonds, currencies and commodities, to explode.The damage felt across financial markets has the S&P 500 down about 20%, on pace for its worst year since 2008 when it plunged nearly 40%, according to Dow Jones Market Data.S&P 500 estimatesA recent survey of top Wall Street forecasters by MarketWatch put the average S&P 500 estimate at 4,031 for the end of 2023, an advance of only about 6% from Tuesday’s close of 3,821.62. To get to that average (see chart), MarketWatch collected estimates from 18 investment banks and brokers.A few estimates, including those of top equity and macro strategists at Barclays PLCBCS,+1.30%,Morgan Stanley, Citigroup Inc. and UBS Group AG expect the S&P 500 to finish next yearbelow 4,000.Forecasts, however, from the group were spread over an unusually wide range, market strategists told MarketWatch.On the low end, BNP Paribas’ Greg Boutle expects a continued slide in stocks next year, with the S&P 500 finishing 2023 at 3,400.Deutsche Bank’s Binky Chadha, who has the highest year-end target of the group, expects the index to finish next year at 4,500.Furthermore, a FactSet survey of equity analysts produced a bottom-up forecast for the S&P 500 of 4,500 by the end of 2023. That would represent an advance of roughly 18% based on the index’s closing level on Tuesday.What about a recession?Many macro strategists said in their 2023 outlooks that they expect the U.S. economy to slide into a recession by midyear, further undermining equity valuations as corporate profits slump and unemployment climbs.Notably, Goldman Sachs’ Chief Economist Jan Hatzius expects economic growth in the U.S. to slow, but avoid a recession.One of the main pillars supporting equity valuations has been an expectation that stocks will bottom out in the first half of next year, before rebounding in the latter half of 2023, as inflation recedes and unemployment rises, allowing the Fed to start slashing interest-rates without risking hyperinflation.While even Fed Chairman Jerome Powell has said there are no guarantees about where monetary policy will need to bring inflation down concretely,lingering expectations have been for the Fed eventually to “pivot” away from its aggressive stance on rates at some point next year, which has helped buttress stocks..Movements in fed-funds futures, which are used by traders for the purposes of hedging and speculation, appear to confirm this view, according to data from the CME Group’s FedWatch tool.Investors have continued to cling to hopes for a late-year 2023 rate cut from the Fed, futures show, even as the Fed’s latest “dot plot,” released earlier this month, suggest senior central bankers don’t expect to cut rates until 2024.Many investors expect stocks to bottom in the first half of 2023 as the Fed’s aggressive interest-rate hikes finally take their toll on the economy.JPMorgan Chase & Co.’sJPM,+0.47%Marko Kolanovic, who was one of the most bullish strategists on Wall Street heading into 2022, holds this view, as he confirmed to MarketWatch via email.Morgan Stanley’s Michael Wilson, one of the few Wall Street equity strategists who anticipated this year’s crash, endorsed a similar view when he described 2023 as a “tale of two halves” in a research note dated Dec. 19. Wilson thinks the S&P 500 will find a bottom in the first quarter of 2023, creating a “terrific buying opportunity.”Bulls and bears: wildly different outlooksA look outside of major investment banks shows bulls and bears with dramatically different visions of how they expect next year to play out.Tom Lee, head of research at Fundstrat Global Advisors, sees the S&P 500 advancing to 4,750 next year based on his expectation that inflation will continue to recede. Lee has burnished his reputation as a stock-market bull, standing by his calls for stocks to continue to climb in frequent appearances on business television networks, like CNBC.In a recent elaboration of his 2023 outlook, Lee noted that instances where U.S. stocks fall for two consecutive years have been rare since World War II.What’s more, double-digit pullbacks, which look likely this year, often have been followed by particularly torrid rebounds, as the historical data show.The S&P 500 has advanced 13.5%, on average, in the years following a pullback, according to Lee’s analysis of historical data going back to 1946.FUNDSTRATOn the other hand, stock-market bears like Chris Senyek, chief investment strategist at Wolfe Research, expect the pain in equities to persist next year. In a recent report, Senyek explained why he thinks the U.S. economy will crater next year, while inflation will remain stubbornly persistent, leading to “stagflation.”A 35% pullback?As a result, Senyek expects the S&P 500 to potentially fall by as much as 35% next year. A decline of that magnitude from Tuesday’s close would drive the S&P 500 to around 2,500,a level last touched in the wake of the March 2020 crash, according to FactSet.“We believe that the amount of [monetary] tightening that’s already taken place is enough to push in the U.S. economy into a recession, and that U.S. real GDP growth will hit -2% to -3% on a [year-over-year] basis at some point in 2023,” Senyek said, in a note.The S&P 500 has fallen roughly 20% this year through Tuesday, while the Dow Jones Industrial Average was down 10% and the Nasdaq Composite was off nearly 33%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9044878651,"gmtCreate":1656735813873,"gmtModify":1676535887541,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"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/9044878651","repostId":"2248897596","repostType":4,"repost":{"id":"2248897596","pubTimestamp":1656718142,"share":"https://ttm.financial/m/news/2248897596?lang=&edition=fundamental","pubTime":"2022-07-02 07:29","market":"us","language":"en","title":"3 Warren Buffett Stocks to Buy Hand Over Fist in July","url":"https://stock-news.laohu8.com/highlight/detail?id=2248897596","media":"Motley Fool","summary":"Riding the Oracle of Omaha's coattails is a proven moneymaking strategy.","content":"<html><head></head><body><p>Few investors have a nose for making money quite like billionaire Warren Buffett. Since becoming CEO of conglomerate <b>Berkshire Hathaway</b> in 1965, the Oracle of Omaha, as he&#39;s come to be known, has created more than $610 billion in value for shareholders and delivered an aggregate return on his company&#39;s Class A shares (BRK.A) of 3,641,613%, through Dec. 31, 2021.</p><p>Even though Buffett isn&#39;t infallible, riding his coattails has been a proven recipe to outperform the benchmark <b>S&amp;P 500</b> for more than a half-century.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e92116e97f06291ec28eda85974acb1b\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.</span></p><p>As we push into the second half of what&#39;s been an exceptionally volatile and challenging year for investors, several Berkshire Hathaway holdings stand out as amazing values. The following three Warren Buffett stocks can all be confidently bought hand over fist in July.</p><h2>Bank of America</h2><p>The first Buffett stock that&#39;s begging to be bought in July is money-center giant <b>Bank of America</b>.</p><p>Usually, bank stocks are an industry to avoid when the broader market is mired in a double-digit decline. However, this time is different. It&#39;s the first time ever that the U.S.&#39;s central bank has aggressively raised interest rates into a plunging stock market.</p><p>Under normal circumstances, we&#39;d expect the Federal Reserve to lower interest rates in order to spur lending and support the U.S. economy and stock market. Doing so lowers the net-interest-income-earning potential for bank stocks like BofA. But with the Fed increasing its fed funds target rate by 150 basis points in just the past three meetings, bank stocks are poised to benefit from a significant uptick in net-interest income.</p><p>Among big-bank stocks, none is more interest-sensitive than Bank of America. In April, when the company reported its first-quarter operating results, BofA noted it would generate an estimated $5.4 billion in added net-interest income with a 100-basis-point parallel shift in the interest rate yield curve. By 2022&#39;s end, we could see a 300-basis-point (or higher) jump in the fed funds rate.</p><p>Bank of America has also benefited from its consistent investments in technology and digitization. Over a three-year stretch, the number of active digital users has grown by 5 million to 42 million. More importantly, 53% of all first-quarter loan sales were completed online or via mobile app, which is up from 30% in the comparable quarter in 2019. Digital sales are considerably cheaper for the company than in-person or phone-based interactions. It&#39;s this digital push that&#39;s allowed BofA to consolidate some of its branches to lower its noninterest expenses.</p><p>If you need one more good reason to sink your teeth into Bank of America, take a closer look at its valuation. Whereas most companies are likely to endure a near-term earnings decline, BofA&#39;s earnings per share could grow by close to 20% in 2023. With shares trading close to book value and roughly eight times Wall Street&#39;s forecast earnings for the upcoming year, Bank of America just might be the best deal in Buffett&#39;s entire portfolio.</p><h2>Activision Blizzard</h2><p>A second Warren Buffett stock investors can confidently scoop up in July is gaming giant <b>Activision Blizzard</b>.</p><p>Like most tech stocks, Activision has a cloud of uncertainty following it. However, it has its own unique set of concerns beyond just historically high inflation, the rising prospect of a domestic recession, and rising interest rates closing off access to historically cheap capital. In Activision&#39;s case, it&#39;s faced multiple lawsuits covering allegations of discrimination and sexual harassment in the workplace.</p><p>To make matters worse, the company delayed the release of a number of key games expected to drive new users into its ecosystem. First-person shooter game <i>Overwatch 2</i> and action role-playing game <i>Diablo IV </i>had their respective release dates pushed back to the fourth quarter of 2022 and sometime in 2023.</p><p>However, these snafus have arguably rolled out the red carpet for opportunistic investors. For instance, the company&#39;s litigation should be resolved soon.</p><p>Activision ended March with 372 million monthly active users (MAUs). Although down from the year-ago period, MAUs tied to its King subsidiary, the home of <i>Candy Crush</i>, have held up particularly well. The upcoming releases of key games in the second half of 2022 and into 2023 should reignite MAU growth in the Activision segment.</p><p>Even more important is the fact that <b>Microsoft</b> has made a $68.7 billion all-cash offer to acquire Activision Blizzard at $95 a share. Aside from becoming even more influential in the gaming space with this deal, Microsoft plans to use Activision as a launching point to further its metaverse ambitions. The metaverse is the next iteration of the internet, which allows connected users to interact with each other and their surroundings in 3D virtual worlds.</p><p>Thus far, it doesn&#39;t appear that Activision and Microsoft have run into snags with U.S. regulators regarding the deal. This is noteworthy given that Activision Blizzard&#39;s stock ended last week below $78 a share. If Microsoft closes this deal in 2022, as anticipated, Activision shareholders could nab a quick 22% arbitrage opportunity. This is precisely why Warren Buffett&#39;s company purchased a roughly 9.5% stake in Activision.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bfef5e9062efb34674bebd076d991a15\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>The Wuling Hong Guang Mini Cabrio EV. Image source: General Motors.</span></p><h2>General Motors</h2><p>A third and final Warren Buffett stock to buy hand over fist in July is automaker <b>General Motors</b>.</p><p>You could say that what can go wrong <i>has</i> gone wrong for the auto industry in 2022. Semiconductor chip shortages and COVID-19 lockdowns in select international markets, such as China, have disrupted supply chains. Historically high inflation on the materials used to make vehicles is eating into auto margins. Yet in spite of these headwinds, GM has the drive to make long-term investors richer.</p><p>After many years of waiting on the next big organic growth opportunity for auto stocks, it&#39;s finally arrived. The electrification of automobiles should result in consumers and businesses changing or upgrading vehicles for decades to come.</p><p>For its part, General Motors has spared no expense. The company anticipates spending an aggregate of $35 billion through 2025 on electric vehicles (EVs), autonomous vehicles, and batteries. It expects to have two fully dedicated battery plants up and running by the end of next year, with a goal of producing at least 1 million EVs annually in North America by 2025. In total, 30 new EVs are expected to be launched globally by the end of 2025.</p><p>Initial figures suggest there&#39;s a lot of interest in GM&#39;s EV products. When GM released its first-quarter operating results on April 26, CEO Mary Barra noted in her letter to shareholders that approximately 140,000 retail reservations for the Chevy Silverado EV had already been placed. The Silverado EV was only introduced by Barra in January 2022.</p><p>General Motors also has a real shot to become a key player in China&#39;s EV market. China is the largest auto market in the world. Aside from the fact that GM has an established presence in China -- it delivered 2.9 million vehicles in both 2020 and 2021 -- it and its joint venture partners already have the best-selling EV in the country, the Wuling Hong Guang Mini EV.</p><p>With an extensive growth opportunity on its doorstep, General Motors is an incredible deal at only five times Wall Street&#39;s forecast earnings for 2022 and 2023.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Warren Buffett Stocks to Buy Hand Over Fist in July</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Warren Buffett Stocks to Buy Hand Over Fist in July\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-02 07:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/07/01/3-warren-buffett-stocks-buy-hand-over-fist-in-july/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Few investors have a nose for making money quite like billionaire Warren Buffett. Since becoming CEO of conglomerate Berkshire Hathaway in 1965, the Oracle of Omaha, as he's come to be known, has ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/07/01/3-warren-buffett-stocks-buy-hand-over-fist-in-july/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车","BAC":"美国银行","ATVI":"动视暴雪"},"source_url":"https://www.fool.com/investing/2022/07/01/3-warren-buffett-stocks-buy-hand-over-fist-in-july/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2248897596","content_text":"Few investors have a nose for making money quite like billionaire Warren Buffett. Since becoming CEO of conglomerate Berkshire Hathaway in 1965, the Oracle of Omaha, as he's come to be known, has created more than $610 billion in value for shareholders and delivered an aggregate return on his company's Class A shares (BRK.A) of 3,641,613%, through Dec. 31, 2021.Even though Buffett isn't infallible, riding his coattails has been a proven recipe to outperform the benchmark S&P 500 for more than a half-century.Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.As we push into the second half of what's been an exceptionally volatile and challenging year for investors, several Berkshire Hathaway holdings stand out as amazing values. The following three Warren Buffett stocks can all be confidently bought hand over fist in July.Bank of AmericaThe first Buffett stock that's begging to be bought in July is money-center giant Bank of America.Usually, bank stocks are an industry to avoid when the broader market is mired in a double-digit decline. However, this time is different. It's the first time ever that the U.S.'s central bank has aggressively raised interest rates into a plunging stock market.Under normal circumstances, we'd expect the Federal Reserve to lower interest rates in order to spur lending and support the U.S. economy and stock market. Doing so lowers the net-interest-income-earning potential for bank stocks like BofA. But with the Fed increasing its fed funds target rate by 150 basis points in just the past three meetings, bank stocks are poised to benefit from a significant uptick in net-interest income.Among big-bank stocks, none is more interest-sensitive than Bank of America. In April, when the company reported its first-quarter operating results, BofA noted it would generate an estimated $5.4 billion in added net-interest income with a 100-basis-point parallel shift in the interest rate yield curve. By 2022's end, we could see a 300-basis-point (or higher) jump in the fed funds rate.Bank of America has also benefited from its consistent investments in technology and digitization. Over a three-year stretch, the number of active digital users has grown by 5 million to 42 million. More importantly, 53% of all first-quarter loan sales were completed online or via mobile app, which is up from 30% in the comparable quarter in 2019. Digital sales are considerably cheaper for the company than in-person or phone-based interactions. It's this digital push that's allowed BofA to consolidate some of its branches to lower its noninterest expenses.If you need one more good reason to sink your teeth into Bank of America, take a closer look at its valuation. Whereas most companies are likely to endure a near-term earnings decline, BofA's earnings per share could grow by close to 20% in 2023. With shares trading close to book value and roughly eight times Wall Street's forecast earnings for the upcoming year, Bank of America just might be the best deal in Buffett's entire portfolio.Activision BlizzardA second Warren Buffett stock investors can confidently scoop up in July is gaming giant Activision Blizzard.Like most tech stocks, Activision has a cloud of uncertainty following it. However, it has its own unique set of concerns beyond just historically high inflation, the rising prospect of a domestic recession, and rising interest rates closing off access to historically cheap capital. In Activision's case, it's faced multiple lawsuits covering allegations of discrimination and sexual harassment in the workplace.To make matters worse, the company delayed the release of a number of key games expected to drive new users into its ecosystem. First-person shooter game Overwatch 2 and action role-playing game Diablo IV had their respective release dates pushed back to the fourth quarter of 2022 and sometime in 2023.However, these snafus have arguably rolled out the red carpet for opportunistic investors. For instance, the company's litigation should be resolved soon.Activision ended March with 372 million monthly active users (MAUs). Although down from the year-ago period, MAUs tied to its King subsidiary, the home of Candy Crush, have held up particularly well. The upcoming releases of key games in the second half of 2022 and into 2023 should reignite MAU growth in the Activision segment.Even more important is the fact that Microsoft has made a $68.7 billion all-cash offer to acquire Activision Blizzard at $95 a share. Aside from becoming even more influential in the gaming space with this deal, Microsoft plans to use Activision as a launching point to further its metaverse ambitions. The metaverse is the next iteration of the internet, which allows connected users to interact with each other and their surroundings in 3D virtual worlds.Thus far, it doesn't appear that Activision and Microsoft have run into snags with U.S. regulators regarding the deal. This is noteworthy given that Activision Blizzard's stock ended last week below $78 a share. If Microsoft closes this deal in 2022, as anticipated, Activision shareholders could nab a quick 22% arbitrage opportunity. This is precisely why Warren Buffett's company purchased a roughly 9.5% stake in Activision.The Wuling Hong Guang Mini Cabrio EV. Image source: General Motors.General MotorsA third and final Warren Buffett stock to buy hand over fist in July is automaker General Motors.You could say that what can go wrong has gone wrong for the auto industry in 2022. Semiconductor chip shortages and COVID-19 lockdowns in select international markets, such as China, have disrupted supply chains. Historically high inflation on the materials used to make vehicles is eating into auto margins. Yet in spite of these headwinds, GM has the drive to make long-term investors richer.After many years of waiting on the next big organic growth opportunity for auto stocks, it's finally arrived. The electrification of automobiles should result in consumers and businesses changing or upgrading vehicles for decades to come.For its part, General Motors has spared no expense. The company anticipates spending an aggregate of $35 billion through 2025 on electric vehicles (EVs), autonomous vehicles, and batteries. It expects to have two fully dedicated battery plants up and running by the end of next year, with a goal of producing at least 1 million EVs annually in North America by 2025. In total, 30 new EVs are expected to be launched globally by the end of 2025.Initial figures suggest there's a lot of interest in GM's EV products. When GM released its first-quarter operating results on April 26, CEO Mary Barra noted in her letter to shareholders that approximately 140,000 retail reservations for the Chevy Silverado EV had already been placed. The Silverado EV was only introduced by Barra in January 2022.General Motors also has a real shot to become a key player in China's EV market. China is the largest auto market in the world. Aside from the fact that GM has an established presence in China -- it delivered 2.9 million vehicles in both 2020 and 2021 -- it and its joint venture partners already have the best-selling EV in the country, the Wuling Hong Guang Mini EV.With an extensive growth opportunity on its doorstep, General Motors is an incredible deal at only five times Wall Street's forecast earnings for 2022 and 2023.","news_type":1},"isVote":1,"tweetType":1,"viewCount":66,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9027856637,"gmtCreate":1654011418529,"gmtModify":1676535378555,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"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/9027856637","repostId":"1140497392","repostType":4,"repost":{"id":"1140497392","pubTimestamp":1654010102,"share":"https://ttm.financial/m/news/1140497392?lang=&edition=fundamental","pubTime":"2022-05-31 23:15","market":"us","language":"en","title":"7 Undervalued Large-Cap Stocks to Buy for June","url":"https://stock-news.laohu8.com/highlight/detail?id=1140497392","media":"investorplace","summary":"These undervalued large-cap stocks are trading at attractive valuations.Pfizer(PFE): More than just ","content":"<html><head></head><body><ul><li>These undervalued large-cap stocks are trading at attractive valuations.</li><li><b>Pfizer</b>(<b><u>PFE</u></b>): More than just a Covid-19 play.</li><li><b>Equinor</b>(<b><u>EQNR</u></b>): The transition to renewable energy looks mighty impressive.</li><li><b>Altria Group</b> (<b><u>MO</u></b>): Features inflation-resistant businesses with stellar margins.</li><li><b>Lockheed Martin</b>(<b><u>LMT</u></b>): The dividend aristocrat has an incredible long-term growth runway.</li><li><b>PayPal</b>(<b><u>PYPL</u></b>): The market has been remarkably unfair to this fintech giant.</li><li><b>Freeport-McMoRan</b>(<b><u>FCX</u></b>): A mining giant with top tier fundamentals and a robust outlook ahead.</li><li><b>Roku</b>(<b><u>ROKU</u></b>): Arguably the pick of the streaming stocks at this time.</li></ul><p><img src=\"https://static.tigerbbs.com/8980daace3dcfd143ca1a06934af0775\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/></p><p>Source: bangoland / Shutterstock</p><p>The stock market is in turmoil as investors seek the best undervalued large-cap stocks.</p><p>The U.S. facing its highest inflationary pressure in roughly four decades. Moreover, the escalation of geopolitical tensions hasn’t helped either, leading to immense economic uncertainty. In controlling the rampant inflation rates, the Federal Reserve has hiked interest rates on multiple occasions this year.</p><p>Investors have rotated out of the riskier investments, negatively impacting equities. However, the savvier investors will look to scoop up stocks trading at frothy valuations but offer a solid long-term bull case.</p><p>Large-cap stocks offer investors the ability to generate healthy returns over the long term. Moreover, these stocks usually boast strong underlying businesses which have stood the test of time.</p><p>Naturally, these stocks are pricey, and investors are always looking for a buy-the-dip opportunity to invest in them for the long haul. The current market environment presents multiple undervalued large-cap stocks that offer fantastic upside potential.</p><table><tbody><tr><td><b>Ticker</b></td><td><b>Company</b></td><td><b>Current Price</b></td></tr><tr><td><b><u>PFE</u></b></td><td>Pfizer Inc.</td><td>$53.91</td></tr><tr><td><b><u>EQNR</u></b></td><td>Equinor ASA</td><td>$37.66</td></tr><tr><td><b><u>MO</u></b></td><td>Altria Group, Inc.</td><td>$54.43</td></tr><tr><td><b><u>LMT</u></b></td><td>Lockheed Martin Corporation</td><td>$450.56</td></tr><tr><td><b><u>PYPL</u></b></td><td>PayPal Holdings, Inc.</td><td>$85.21</td></tr><tr><td><b><u>FCX</u></b></td><td>Freeport-McMoRan Inc.</td><td>$39.65</td></tr><tr><td><b><u>ROKU</u></b></td><td>Roku, Inc.</td><td>$96.47</td></tr></tbody></table><h2><b>Undervalued Large-Cap Stocks: Pfizer</b>(<b>PFE</b>)<img src=\"https://static.tigerbbs.com/24582c18e5505b72fa27f4466b6dc4db\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/></h2><p><b>Pfizer’s</b>(NYSE:<b><u>PFE</u></b>) world has been dominated by the coronavirus over the past couple of years. It raked in billions of dollars from its Covid-19 vaccine sales and expects it to account for roughly 32% of sales this year.</p><p>Investors feel a substantial drop in sales is coming with the pandemic fade and feel skeptical of PFE stock at this time. Consequently, the stock trades at 2.9x forward sales, significantly below the sector average.</p><p>Pfizer operates an exemplary business with one of the leanest balance sheets in the sector. It pays an attractive dividend yield exceeding 2.5%, comfortably ahead of its peers. Though Covid-19 has played an immense role in its success of late, Pfizer has a lot more depth in its pipeline than people give it credit for. It has almost 90 programs in its pipeline, many of which are in phase 3 trials. Moreover, with experts likening the virus to an endemic, its Covid-19 business isn’t going away any time soon.</p><h2><b>Equinor</b>(<b>EQNR</b>)<img src=\"https://static.tigerbbs.com/94869d71fe8518867cc17141f5a0e3b4\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/></h2><p><b>Equinor</b> (NYSE:<b><u>EQNR</u></b>) is an oil and gas giant with an incredible turnaround story. In 2016, its management implemented reforms to align its interests with shareholders better. Fast-forward to 2021, its revenues and net income have grown by a whopping 97.6% and 196%, respectively. Moreover, it’s on a path toward transforming itself into one of the leading renewable energy titans.</p><p>Equinor is looking to build an offshore wind business in the U.S. and the European region, which it expects to grow exponentially over the next decade. It estimates the businesscould be a $1 trillion opportunityby 2040. However, the market seems to be ignoring its long-term growth runway, pricing it highly conservatively at this time.</p><h2><b>Altria</b> Group (<b>MO</b>)<img src=\"https://static.tigerbbs.com/ffc65f2d6007b2ccd301797d7574d001\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/></h2><p>Cigarette market<b>Altria Group</b> (NYSE:<b><u>MO</u></b>) is showing investors why it’s unfazed by the inflationary pressures across the globe. It recently released its first-quarter results, which showed the resilience of its tobacco and nicotine business. Though volumes dropped from the prior-year period, operating income for its smokeable products business grew a spectacular7.9% on a year-over-year basis to $2.56 billion.</p><p>The company margins have held up remarkably well due to the inelasticity of its products that create a steady income stream from repeat customers. Moreover, Altria requires minimum material inputs compared to the size of its massive business. Additionally, with the addictiveness of its products, it has been shown to raise prices, counteracting any drop in volumes consistently.</p><h2><b>Undervalued Large-Cap Stocks:Lockheed Martin</b>(<b>LMT</b>)<img src=\"https://static.tigerbbs.com/7cfd2e631c6e1f751377f8f3a796fd3c\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/></h2><p><b>Lockheed Martin</b> (NYSE:<b><u>LMT</u></b>) is one of the leading defense contractors in the world. LMT stock has been gaining on the back of the Russian intervention in Ukraine, which many believe could lead to a windfall in revenues for the business. Though we are likely to see an uptick in defense spending in Europe and the U.S., such deals take plenty of time to materialize before impacting the top line.</p><p>In the meantime, investors would want to look at the company’s growing backlog and dividend along with recently inked deals. The firm recently signed multi-million dollar agreements with the Naval Air System and a modification contract with the U.S. Army.</p><p>Furthermore, Lockheed’s dividend payouts have been growing remarkably, over 9% annually in the past five years. The dividend yield is over 2.5%, with a payout ratio of roughly 40%. Nevertheless, the stock still has plenty of upside, currently trading 8% lower than average estimates.</p><h2><b>PayPal</b> Holdings (<b>PYPL</b>)<img src=\"https://static.tigerbbs.com/d31459f9b0c14e33810dd1f29612c85a\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/></h2><p>The market has been remarkably irrational towards fintech giant<b>PayPal</b> (NASDAQ:<b><u>PYPL</u></b>). Its stock has shed a truckload of value, dropping over 60% alone in the past six months. PYPL stock trades below $100 per share, and long-term investors should ignore the noise and load up on it.</p><p>In addition to the macro-economic headwinds, PYPL stock has also struggled due to its sub-par guidance for the year. It expects challenges pertaining to the replacement of<b>eBay</b>(NASDAQ:<b><u>EBAY</u></b>), which should cost $600 million in sales this year. Nevertheless, the management still expectstop-line growth of 15% to 17%in 2022, which is exceptional given its size. Moreover, it expects gross payment volumes to increase by 20% to $1.5 trillion. Hence, most of the concerns with PayPal are overblown.</p><h2><b>Freeport-McMoRan</b>(<b>FCX</b>)<img src=\"https://static.tigerbbs.com/038aab5b4c45c50ba24969d4971bfcb1\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/></h2><p>Copper and gold mining giant<b>Freeport-McMoRan</b> (NYSE:<b><u>FCX</u></b>) has been an impressive performer, generating double-digit revenue and earnings growth over the past several years. Investors are upbeat over higher copper demand expectations in the future due to the higher underlying industrial demand and its increased use toward the electrification of the economy. The company’s significant assets in the U.S. and Indonesia position it in an incredibly advantageous position.</p><p>Revenues in itsfirst quarter came in at $6.6 billion, representing a 36.1% growth from the prior-year period. Moreover, its free cash flows for the quarter were at $1 billion, equating to an almost 7% FCF yield. Its stock has sold off late due to its management pointing towards reductions in sales volume and cost pressures in 2022 and 2023. However, these problems are transitory and shouldn’t affect the company’s long-term case.</p><h2><b>Undervalued Large-Cap Stocks:Roku</b>(<b>ROKU</b>)<img src=\"https://static.tigerbbs.com/6a50aa190ba3e960e70280a9d711a7be\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"/></h2><p><b>Roku</b> (NASDAQ:<b><u>ROKU</u></b>)  is a juggernaut in the TV streaming industry, holding an estimated 30% market share in the sector. Its product offerings effectively connect the TV ecosystem globally, and the company’s brand-neutral platform has enabled it to command a dominant share in the space.</p><p>The pandemic tailwinds helped Roku notched up some spectacular quarterly performances, which investors fear are likely to fade away soon. However, its first-quarter results have shown that investors are underestimating the growth potential of streaming play.</p><p>In its first quarter, it addedan astonishing 1.1 million new accounts, a 14% bump on a year-over-year basis. Streaming hours came in at 20.9 billion, up 14% from last year’s same quarter. Moreover, average revenue per user (ARPU) shot up 34% on a year-over-year basis to $42.91. Research estimates that the worldwide video streaming marketwill grow at a CAGR of almost 20%through 2029. Hence, Roku and other streaming companies have plenty of yardage to acquire in the burgeoning sector.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>7 Undervalued Large-Cap Stocks to Buy for June</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\">\n7 Undervalued Large-Cap Stocks to Buy for June\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-31 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/05/7-undervalued-large-cap-stocks-to-buy-for-june/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These undervalued large-cap stocks are trading at attractive valuations.Pfizer(PFE): More than just a Covid-19 play.Equinor(EQNR): The transition to renewable energy looks mighty impressive.Altria ...</p>\n\n<a href=\"https://investorplace.com/2022/05/7-undervalued-large-cap-stocks-to-buy-for-june/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FCX":"麦克莫兰铜金","PFE":"辉瑞","PYPL":"PayPal","EQNR":"Equinor ASA","LMT":"洛克希德马丁","MO":"奥驰亚","ROKU":"Roku Inc"},"source_url":"https://investorplace.com/2022/05/7-undervalued-large-cap-stocks-to-buy-for-june/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140497392","content_text":"These undervalued large-cap stocks are trading at attractive valuations.Pfizer(PFE): More than just a Covid-19 play.Equinor(EQNR): The transition to renewable energy looks mighty impressive.Altria Group (MO): Features inflation-resistant businesses with stellar margins.Lockheed Martin(LMT): The dividend aristocrat has an incredible long-term growth runway.PayPal(PYPL): The market has been remarkably unfair to this fintech giant.Freeport-McMoRan(FCX): A mining giant with top tier fundamentals and a robust outlook ahead.Roku(ROKU): Arguably the pick of the streaming stocks at this time.Source: bangoland / ShutterstockThe stock market is in turmoil as investors seek the best undervalued large-cap stocks.The U.S. facing its highest inflationary pressure in roughly four decades. Moreover, the escalation of geopolitical tensions hasn’t helped either, leading to immense economic uncertainty. In controlling the rampant inflation rates, the Federal Reserve has hiked interest rates on multiple occasions this year.Investors have rotated out of the riskier investments, negatively impacting equities. However, the savvier investors will look to scoop up stocks trading at frothy valuations but offer a solid long-term bull case.Large-cap stocks offer investors the ability to generate healthy returns over the long term. Moreover, these stocks usually boast strong underlying businesses which have stood the test of time.Naturally, these stocks are pricey, and investors are always looking for a buy-the-dip opportunity to invest in them for the long haul. The current market environment presents multiple undervalued large-cap stocks that offer fantastic upside potential.TickerCompanyCurrent PricePFEPfizer Inc.$53.91EQNREquinor ASA$37.66MOAltria Group, Inc.$54.43LMTLockheed Martin Corporation$450.56PYPLPayPal Holdings, Inc.$85.21FCXFreeport-McMoRan Inc.$39.65ROKURoku, Inc.$96.47Undervalued Large-Cap Stocks: Pfizer(PFE)Pfizer’s(NYSE:PFE) world has been dominated by the coronavirus over the past couple of years. It raked in billions of dollars from its Covid-19 vaccine sales and expects it to account for roughly 32% of sales this year.Investors feel a substantial drop in sales is coming with the pandemic fade and feel skeptical of PFE stock at this time. Consequently, the stock trades at 2.9x forward sales, significantly below the sector average.Pfizer operates an exemplary business with one of the leanest balance sheets in the sector. It pays an attractive dividend yield exceeding 2.5%, comfortably ahead of its peers. Though Covid-19 has played an immense role in its success of late, Pfizer has a lot more depth in its pipeline than people give it credit for. It has almost 90 programs in its pipeline, many of which are in phase 3 trials. Moreover, with experts likening the virus to an endemic, its Covid-19 business isn’t going away any time soon.Equinor(EQNR)Equinor (NYSE:EQNR) is an oil and gas giant with an incredible turnaround story. In 2016, its management implemented reforms to align its interests with shareholders better. Fast-forward to 2021, its revenues and net income have grown by a whopping 97.6% and 196%, respectively. Moreover, it’s on a path toward transforming itself into one of the leading renewable energy titans.Equinor is looking to build an offshore wind business in the U.S. and the European region, which it expects to grow exponentially over the next decade. It estimates the businesscould be a $1 trillion opportunityby 2040. However, the market seems to be ignoring its long-term growth runway, pricing it highly conservatively at this time.Altria Group (MO)Cigarette marketAltria Group (NYSE:MO) is showing investors why it’s unfazed by the inflationary pressures across the globe. It recently released its first-quarter results, which showed the resilience of its tobacco and nicotine business. Though volumes dropped from the prior-year period, operating income for its smokeable products business grew a spectacular7.9% on a year-over-year basis to $2.56 billion.The company margins have held up remarkably well due to the inelasticity of its products that create a steady income stream from repeat customers. Moreover, Altria requires minimum material inputs compared to the size of its massive business. Additionally, with the addictiveness of its products, it has been shown to raise prices, counteracting any drop in volumes consistently.Undervalued Large-Cap Stocks:Lockheed Martin(LMT)Lockheed Martin (NYSE:LMT) is one of the leading defense contractors in the world. LMT stock has been gaining on the back of the Russian intervention in Ukraine, which many believe could lead to a windfall in revenues for the business. Though we are likely to see an uptick in defense spending in Europe and the U.S., such deals take plenty of time to materialize before impacting the top line.In the meantime, investors would want to look at the company’s growing backlog and dividend along with recently inked deals. The firm recently signed multi-million dollar agreements with the Naval Air System and a modification contract with the U.S. Army.Furthermore, Lockheed’s dividend payouts have been growing remarkably, over 9% annually in the past five years. The dividend yield is over 2.5%, with a payout ratio of roughly 40%. Nevertheless, the stock still has plenty of upside, currently trading 8% lower than average estimates.PayPal Holdings (PYPL)The market has been remarkably irrational towards fintech giantPayPal (NASDAQ:PYPL). Its stock has shed a truckload of value, dropping over 60% alone in the past six months. PYPL stock trades below $100 per share, and long-term investors should ignore the noise and load up on it.In addition to the macro-economic headwinds, PYPL stock has also struggled due to its sub-par guidance for the year. It expects challenges pertaining to the replacement ofeBay(NASDAQ:EBAY), which should cost $600 million in sales this year. Nevertheless, the management still expectstop-line growth of 15% to 17%in 2022, which is exceptional given its size. Moreover, it expects gross payment volumes to increase by 20% to $1.5 trillion. Hence, most of the concerns with PayPal are overblown.Freeport-McMoRan(FCX)Copper and gold mining giantFreeport-McMoRan (NYSE:FCX) has been an impressive performer, generating double-digit revenue and earnings growth over the past several years. Investors are upbeat over higher copper demand expectations in the future due to the higher underlying industrial demand and its increased use toward the electrification of the economy. The company’s significant assets in the U.S. and Indonesia position it in an incredibly advantageous position.Revenues in itsfirst quarter came in at $6.6 billion, representing a 36.1% growth from the prior-year period. Moreover, its free cash flows for the quarter were at $1 billion, equating to an almost 7% FCF yield. Its stock has sold off late due to its management pointing towards reductions in sales volume and cost pressures in 2022 and 2023. However, these problems are transitory and shouldn’t affect the company’s long-term case.Undervalued Large-Cap Stocks:Roku(ROKU)Roku (NASDAQ:ROKU)  is a juggernaut in the TV streaming industry, holding an estimated 30% market share in the sector. Its product offerings effectively connect the TV ecosystem globally, and the company’s brand-neutral platform has enabled it to command a dominant share in the space.The pandemic tailwinds helped Roku notched up some spectacular quarterly performances, which investors fear are likely to fade away soon. However, its first-quarter results have shown that investors are underestimating the growth potential of streaming play.In its first quarter, it addedan astonishing 1.1 million new accounts, a 14% bump on a year-over-year basis. Streaming hours came in at 20.9 billion, up 14% from last year’s same quarter. Moreover, average revenue per user (ARPU) shot up 34% on a year-over-year basis to $42.91. Research estimates that the worldwide video streaming marketwill grow at a CAGR of almost 20%through 2029. Hence, Roku and other streaming companies have plenty of yardage to acquire in the burgeoning sector.","news_type":1},"isVote":1,"tweetType":1,"viewCount":50,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9088737919,"gmtCreate":1650382458495,"gmtModify":1676534710246,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088737919","repostId":"1196160940","repostType":4,"repost":{"id":"1196160940","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":1650381182,"share":"https://ttm.financial/m/news/1196160940?lang=&edition=fundamental","pubTime":"2022-04-19 23:13","market":"us","language":"en","title":"U.S. Stock Jumped Over 1% in Morning Trading, Nasdaq Gained More than 1.5%","url":"https://stock-news.laohu8.com/highlight/detail?id=1196160940","media":"Tiger Newspress","summary":"U.S. Stock Jumped Over 1% in Morning Trading. Nasdaq gained 1.64% while Dow Jones and S&P500 gained ","content":"<html><head></head><body><p>U.S. Stock Jumped Over 1% in Morning Trading. Nasdaq gained 1.64% while Dow Jones and S&amp;P500 gained 1.06%,1.24% separately.  <img src=\"https://static.tigerbbs.com/8e442b8b8c8099f5b7fbd65511edb02d\" tg-width=\"526\" tg-height=\"116\" width=\"100%\" height=\"auto\"/></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. Stock Jumped Over 1% in Morning Trading, Nasdaq Gained More than 1.5%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stock Jumped Over 1% in Morning Trading, Nasdaq Gained More than 1.5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-04-19 23:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. Stock Jumped Over 1% in Morning Trading. Nasdaq gained 1.64% while Dow Jones and S&amp;P500 gained 1.06%,1.24% separately.  <img src=\"https://static.tigerbbs.com/8e442b8b8c8099f5b7fbd65511edb02d\" tg-width=\"526\" tg-height=\"116\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196160940","content_text":"U.S. Stock Jumped Over 1% in Morning Trading. Nasdaq gained 1.64% while Dow Jones and S&P500 gained 1.06%,1.24% separately.","news_type":1},"isVote":1,"tweetType":1,"viewCount":438,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9063896869,"gmtCreate":1651450519899,"gmtModify":1676534906831,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"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/9063896869","repostId":"2231579322","repostType":4,"repost":{"id":"2231579322","pubTimestamp":1651447958,"share":"https://ttm.financial/m/news/2231579322?lang=&edition=fundamental","pubTime":"2022-05-02 07:32","market":"us","language":"en","title":"Is PayPal Stock a Buy Right Now? This Is What You Need to Know","url":"https://stock-news.laohu8.com/highlight/detail?id=2231579322","media":"TipRanks","summary":"On Wednesday, PayPal (PYPL) released 1Q22 earnings, in which the company lowered its outlook for the","content":"<div>\n<p>On Wednesday, PayPal (PYPL) released 1Q22 earnings, in which the company lowered its outlook for the year. While such behavior in recent times would result in a backlash from Wall Street, this time ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/is-paypal-stock-a-buy-right-now-this-is-what-you-need-to-know-2/\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is PayPal Stock a Buy Right Now? This Is What You Need to Know</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs PayPal Stock a Buy Right Now? This Is What You Need to Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-02 07:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/is-paypal-stock-a-buy-right-now-this-is-what-you-need-to-know-2/><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>On Wednesday, PayPal (PYPL) released 1Q22 earnings, in which the company lowered its outlook for the year. While such behavior in recent times would result in a backlash from Wall Street, this time ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/is-paypal-stock-a-buy-right-now-this-is-what-you-need-to-know-2/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4581":"高盛持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4527":"明星科技股","BK4106":"数据处理与外包服务","BK4554":"元宇宙及AR概念","BK4566":"资本集团","BK4551":"寇图资本持仓","BK4535":"淡马锡持仓","BK4524":"宅经济概念","PYPL":"PayPal","BK4534":"瑞士信贷持仓"},"source_url":"https://www.tipranks.com/news/article/is-paypal-stock-a-buy-right-now-this-is-what-you-need-to-know-2/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2231579322","content_text":"On Wednesday, PayPal (PYPL) released 1Q22 earnings, in which the company lowered its outlook for the year. While such behavior in recent times would result in a backlash from Wall Street, this time the market gods were more forgiving.Shares actually pushed higher in the subsequent session, as some Wall Street analysts had sensed prior forecasts were too optimistic. One of these is Jefferies analyst Trevor Williams, who thinks the “much-needed cut to FY22 should help put a floor under the stock.” Indeed, the bottom has been falling out at an alarming rate; PayPal shares are still down 52% year-to-date.The digital payments giant is now anticipating revenue growth between 11% to 13% this year, compared to the prior expectation of 15% to 17% revenue growth.The adjusted EPS forecast was also lowered – from between $4.60 to $4.75 to the range between $3.81 and $3.93. Lastly, while the company previously said it is targeting 15 million to 20 million net new active accounts (NNAs) in 2022, it is now aiming to add around 10 million.Williams says the lowered top-line outlook factors in the “continued normalization in consumer behavior.” These changes include a return to brick/mortar, inflation impacting discretionary demand among low-income customers, and more being spent on services rather than goods.“Additionally,” says Williams, “the new range assumes a modest amount of incremental macro pressure for the balance of FY22--a prudent (rather than conservative, in our view) stance, as we expect a continuation of the trends that have pressured results in recent quarters.”As for the bottom-line revisions, higher transaction expenses are pressurizing margins amidst a “recovery” in credit volumes.PayPal is hoping to counter the anticipated slowdown in NNAs with a boost to ARPU (average revenue per user) growth, but this is a strategy that has yet to prove itself and for any re-rating to take place, Williams is still waiting for “greater visibility into '23+.”Therefore, Williams rates PYPL a Hold along with a $95 price target, suggesting shares will stay range bound for the foreseeable future.Overall, there are currently 40 analyst reviews on file for PYPL, of which 30 are to Buy, 10 say Hold and one implores to Sell, all coalescing to a Moderate Buy consensus rating. However, all agree the shares are now undervalued; going by the $141.30 average target, the stock will be changing hands for a 58% premium a year from now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9010026273,"gmtCreate":1648212717268,"gmtModify":1676534317585,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"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/9010026273","repostId":"1162333555","repostType":4,"repost":{"id":"1162333555","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":1648209339,"share":"https://ttm.financial/m/news/1162333555?lang=&edition=fundamental","pubTime":"2022-03-25 19:55","market":"us","language":"en","title":"Pre-Bell｜U.S. Stock Futures Continued to Fly Higher after An Up Day; Nio Fell Over 5%","url":"https://stock-news.laohu8.com/highlight/detail?id=1162333555","media":"Tiger Newspress","summary":"U.S. Stock futures continued to rise in pre-market trading Friday after an up day on Wall Street tha","content":"<html><head></head><body><p>U.S. Stock futures continued to rise in pre-market trading Friday after an up day on Wall Street that saw all three major indexes close sharply higher as investors further mulled the path forward for interest rates and a host of new sanctions against Russia.</p><p><b>Market Snapshot</b></p><p>At 7:50 a.m. ET, Dow e-minis were up 85 points, or 0.24%, S&amp;P 500 e-minis were up 15.5 points, or 0.34%, and Nasdaq 100 e-minis were up 69.75 points, or 0.47%.</p><p><img src=\"https://static.tigerbbs.com/349b4553810eb38d017f599159ce175f\" tg-width=\"316\" tg-height=\"122\" width=\"100%\" height=\"auto\"/></p><p><b>Pre-Market Movers</b></p><p><b>Cannabis stocks</b> – Shares of marijuana producers are extending a Thursday rally in the premarket, following an industry publication’s report that the House will vote for a second time next week to legalize cannabis at the federal level. The House passed such a bill in 2020, but the Senate did not follow suit.Tilray(TLRY) surged 14.1% in the premarket,Aurora Cannabis(ACB) jumped 10.2%,Sundial Growers(SNDL) soared 12% and Canopy Growth(CGC) rallied 9.6%.</p><p><b><a href=\"https://laohu8.com/S/BBBY\">Bed Bath &amp; Beyond</a></b> – Bed Bath &amp; Beyond is close to reaching a settlement with investor Ryan Cohen, according to people familiar with the matter who spoke to Bloomberg. The agreement would see three new directors appointed to the housewares and personal care products retailer’s board. Cohen’s RC Ventures holds a 9.8% stake in Bed Bath &amp; Beyond. The stock added 1.4% in premarket trading.</p><p><b><a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a></b> - Nio shares fell 5.1% in premarket action after the China-based electric car maker reported better-than-expected quarterly sales but saw deliveries fall below analyst estimates.</p><p><b><a href=\"https://laohu8.com/S/HNST\">The Honest Company, Inc.</a></b> – Honest Company posted a wider-than-expected quarterly loss as sales of masks and sanitizing products dropped significantly. It also issued guidance for the current quarter that was weaker than expected. Shares slumped 19.5% in the premarket.</p><p><b><a href=\"https://laohu8.com/S/SJR\">Shaw</a></b> – Shaw’s shares added 2% in premarket trading after Canadian regulators gave conditional approval to a $16 billion takeover of Shaw’s broadcasting services by Canadian telecom giant Rogers Communications(RCI).</p><p><b>U.S-listed China stocks</b> – These stocks continue to be volatile amid concerns about tighter regulation by Chinese authorities and potential U.S. delistings.Alibaba(BABA) lost 3.4% in premarket action, withJD.com(JD) losing 4.2%,Pinduoduo(PDD) sliding 6% and Didi Global(DIDI) falling 7.1%.</p><p><b><a href=\"https://laohu8.com/S/TEVA\">Teva Pharmaceutical</a></b> – Bernstein upgraded the generic drug maker’s stock to “outperform” from “market perform,” noting an improved balance sheet, new product launches and the potential of settling opioid litigation. Teva rallied 4.2% in the premarket.</p><p><b><a href=\"https://laohu8.com/S/SWCH\">Switch Inc.</a></b> – The technology infrastructure company was downgraded to “equal weight” from “overweight” at Wells Fargo Securities, which said a buyout of Switch is possible but the price would likely be no higher than $32 to $34 per share. Switch closed at $30.24 Thursday and dropped 2.2% in premarket trading.</p><p><b><a href=\"https://laohu8.com/S/FTNT\">Fortinet</a></b> – The cybersecurity company’s shares fell 2.1% in the premarket after Bank of America Securities downgraded Fortinet to “neutral” from “buy,” saying strong results are already reflected in the stock’s price.</p><p><b>Market News</b></p><p>European Union officials agreed Thursday on a landmark provisional agreement aimed at clamping down on the biggest online companies, dubbed digital “gatekeepers,” by laying out a list of dos and don’ts.</p><p>Larry Fink, CEO and chairman of the world’s biggest asset manager, <b><a href=\"https://laohu8.com/S/BLK\">BlackRock</a></b>, said Russia’s invasion of Ukraine has upended the world order that had been in place since the end of the Cold War.</p><p>The U.S. House of Representatives plans to vote on a bill to federally legalize marijuana for the second time in history next week, congressional leadership confirmed on Thursday. The body will take up the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act, a bill sponsored by House Judiciary Committee Chairman Jerrold Nadler (D-NY). </p><p>Electric vehicle battery makers will need to raise prices by almost 25% due to soaring lithium carbonate prices, leading to crimped margins and possibly demand destruction, according to <b><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a></b>.</p><p><b><a href=\"https://laohu8.com/S/MPNGY\">MEITUAN</a></b> on Friday reported a better-than-expected 30.6% rise in fourth-quarter revenue, helped by steady growth in its core business. Revenue rose to 49.5 billion yuan ($7.78 billion) in the quarter ended Dec. 31. Analysts on average had expected revenue of 49.20 billion yuan, Refinitiv Eikon data showed.</p><p><b><a href=\"https://laohu8.com/S/VLKAF\">Volkswagen AG</a></b> will delay the launch of its ID.5 electric car by a month to the first week of May because of disruptions in the supply of wire harnesses from Ukraine, a spokesperson said on Friday.</p><p>The U.S. Federal Aviation Administration (FAA) warned <b><a href=\"https://laohu8.com/S/BA\">Boeing</a></b> earlier this week the planemaker may not gain certification of a lengthened version of the 737 MAX ahead of a key safety deadline set by Congress.</p><p>GoTo Group, an Indonesian startup giant, raised about $1.1 billion in one of the world’s largest initial public offerings announced since the Ukraine war, pricing the deal near the middle of the range.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜U.S. Stock Futures Continued to Fly Higher after An Up Day; Nio Fell Over 5%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-Bell｜U.S. Stock Futures Continued to Fly Higher after An Up Day; Nio Fell Over 5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-03-25 19:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. Stock futures continued to rise in pre-market trading Friday after an up day on Wall Street that saw all three major indexes close sharply higher as investors further mulled the path forward for interest rates and a host of new sanctions against Russia.</p><p><b>Market Snapshot</b></p><p>At 7:50 a.m. ET, Dow e-minis were up 85 points, or 0.24%, S&amp;P 500 e-minis were up 15.5 points, or 0.34%, and Nasdaq 100 e-minis were up 69.75 points, or 0.47%.</p><p><img src=\"https://static.tigerbbs.com/349b4553810eb38d017f599159ce175f\" tg-width=\"316\" tg-height=\"122\" width=\"100%\" height=\"auto\"/></p><p><b>Pre-Market Movers</b></p><p><b>Cannabis stocks</b> – Shares of marijuana producers are extending a Thursday rally in the premarket, following an industry publication’s report that the House will vote for a second time next week to legalize cannabis at the federal level. The House passed such a bill in 2020, but the Senate did not follow suit.Tilray(TLRY) surged 14.1% in the premarket,Aurora Cannabis(ACB) jumped 10.2%,Sundial Growers(SNDL) soared 12% and Canopy Growth(CGC) rallied 9.6%.</p><p><b><a href=\"https://laohu8.com/S/BBBY\">Bed Bath &amp; Beyond</a></b> – Bed Bath &amp; Beyond is close to reaching a settlement with investor Ryan Cohen, according to people familiar with the matter who spoke to Bloomberg. The agreement would see three new directors appointed to the housewares and personal care products retailer’s board. Cohen’s RC Ventures holds a 9.8% stake in Bed Bath &amp; Beyond. The stock added 1.4% in premarket trading.</p><p><b><a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a></b> - Nio shares fell 5.1% in premarket action after the China-based electric car maker reported better-than-expected quarterly sales but saw deliveries fall below analyst estimates.</p><p><b><a href=\"https://laohu8.com/S/HNST\">The Honest Company, Inc.</a></b> – Honest Company posted a wider-than-expected quarterly loss as sales of masks and sanitizing products dropped significantly. It also issued guidance for the current quarter that was weaker than expected. Shares slumped 19.5% in the premarket.</p><p><b><a href=\"https://laohu8.com/S/SJR\">Shaw</a></b> – Shaw’s shares added 2% in premarket trading after Canadian regulators gave conditional approval to a $16 billion takeover of Shaw’s broadcasting services by Canadian telecom giant Rogers Communications(RCI).</p><p><b>U.S-listed China stocks</b> – These stocks continue to be volatile amid concerns about tighter regulation by Chinese authorities and potential U.S. delistings.Alibaba(BABA) lost 3.4% in premarket action, withJD.com(JD) losing 4.2%,Pinduoduo(PDD) sliding 6% and Didi Global(DIDI) falling 7.1%.</p><p><b><a href=\"https://laohu8.com/S/TEVA\">Teva Pharmaceutical</a></b> – Bernstein upgraded the generic drug maker’s stock to “outperform” from “market perform,” noting an improved balance sheet, new product launches and the potential of settling opioid litigation. Teva rallied 4.2% in the premarket.</p><p><b><a href=\"https://laohu8.com/S/SWCH\">Switch Inc.</a></b> – The technology infrastructure company was downgraded to “equal weight” from “overweight” at Wells Fargo Securities, which said a buyout of Switch is possible but the price would likely be no higher than $32 to $34 per share. Switch closed at $30.24 Thursday and dropped 2.2% in premarket trading.</p><p><b><a href=\"https://laohu8.com/S/FTNT\">Fortinet</a></b> – The cybersecurity company’s shares fell 2.1% in the premarket after Bank of America Securities downgraded Fortinet to “neutral” from “buy,” saying strong results are already reflected in the stock’s price.</p><p><b>Market News</b></p><p>European Union officials agreed Thursday on a landmark provisional agreement aimed at clamping down on the biggest online companies, dubbed digital “gatekeepers,” by laying out a list of dos and don’ts.</p><p>Larry Fink, CEO and chairman of the world’s biggest asset manager, <b><a href=\"https://laohu8.com/S/BLK\">BlackRock</a></b>, said Russia’s invasion of Ukraine has upended the world order that had been in place since the end of the Cold War.</p><p>The U.S. House of Representatives plans to vote on a bill to federally legalize marijuana for the second time in history next week, congressional leadership confirmed on Thursday. The body will take up the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act, a bill sponsored by House Judiciary Committee Chairman Jerrold Nadler (D-NY). </p><p>Electric vehicle battery makers will need to raise prices by almost 25% due to soaring lithium carbonate prices, leading to crimped margins and possibly demand destruction, according to <b><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a></b>.</p><p><b><a href=\"https://laohu8.com/S/MPNGY\">MEITUAN</a></b> on Friday reported a better-than-expected 30.6% rise in fourth-quarter revenue, helped by steady growth in its core business. Revenue rose to 49.5 billion yuan ($7.78 billion) in the quarter ended Dec. 31. Analysts on average had expected revenue of 49.20 billion yuan, Refinitiv Eikon data showed.</p><p><b><a href=\"https://laohu8.com/S/VLKAF\">Volkswagen AG</a></b> will delay the launch of its ID.5 electric car by a month to the first week of May because of disruptions in the supply of wire harnesses from Ukraine, a spokesperson said on Friday.</p><p>The U.S. Federal Aviation Administration (FAA) warned <b><a href=\"https://laohu8.com/S/BA\">Boeing</a></b> earlier this week the planemaker may not gain certification of a lengthened version of the 737 MAX ahead of a key safety deadline set by Congress.</p><p>GoTo Group, an Indonesian startup giant, raised about $1.1 billion in one of the world’s largest initial public offerings announced since the Ukraine war, pricing the deal near the middle of the range.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162333555","content_text":"U.S. Stock futures continued to rise in pre-market trading Friday after an up day on Wall Street that saw all three major indexes close sharply higher as investors further mulled the path forward for interest rates and a host of new sanctions against Russia.Market SnapshotAt 7:50 a.m. ET, Dow e-minis were up 85 points, or 0.24%, S&P 500 e-minis were up 15.5 points, or 0.34%, and Nasdaq 100 e-minis were up 69.75 points, or 0.47%.Pre-Market MoversCannabis stocks – Shares of marijuana producers are extending a Thursday rally in the premarket, following an industry publication’s report that the House will vote for a second time next week to legalize cannabis at the federal level. The House passed such a bill in 2020, but the Senate did not follow suit.Tilray(TLRY) surged 14.1% in the premarket,Aurora Cannabis(ACB) jumped 10.2%,Sundial Growers(SNDL) soared 12% and Canopy Growth(CGC) rallied 9.6%.Bed Bath & Beyond – Bed Bath & Beyond is close to reaching a settlement with investor Ryan Cohen, according to people familiar with the matter who spoke to Bloomberg. The agreement would see three new directors appointed to the housewares and personal care products retailer’s board. Cohen’s RC Ventures holds a 9.8% stake in Bed Bath & Beyond. The stock added 1.4% in premarket trading.NIO Inc. - Nio shares fell 5.1% in premarket action after the China-based electric car maker reported better-than-expected quarterly sales but saw deliveries fall below analyst estimates.The Honest Company, Inc. – Honest Company posted a wider-than-expected quarterly loss as sales of masks and sanitizing products dropped significantly. It also issued guidance for the current quarter that was weaker than expected. Shares slumped 19.5% in the premarket.Shaw – Shaw’s shares added 2% in premarket trading after Canadian regulators gave conditional approval to a $16 billion takeover of Shaw’s broadcasting services by Canadian telecom giant Rogers Communications(RCI).U.S-listed China stocks – These stocks continue to be volatile amid concerns about tighter regulation by Chinese authorities and potential U.S. delistings.Alibaba(BABA) lost 3.4% in premarket action, withJD.com(JD) losing 4.2%,Pinduoduo(PDD) sliding 6% and Didi Global(DIDI) falling 7.1%.Teva Pharmaceutical – Bernstein upgraded the generic drug maker’s stock to “outperform” from “market perform,” noting an improved balance sheet, new product launches and the potential of settling opioid litigation. Teva rallied 4.2% in the premarket.Switch Inc. – The technology infrastructure company was downgraded to “equal weight” from “overweight” at Wells Fargo Securities, which said a buyout of Switch is possible but the price would likely be no higher than $32 to $34 per share. Switch closed at $30.24 Thursday and dropped 2.2% in premarket trading.Fortinet – The cybersecurity company’s shares fell 2.1% in the premarket after Bank of America Securities downgraded Fortinet to “neutral” from “buy,” saying strong results are already reflected in the stock’s price.Market NewsEuropean Union officials agreed Thursday on a landmark provisional agreement aimed at clamping down on the biggest online companies, dubbed digital “gatekeepers,” by laying out a list of dos and don’ts.Larry Fink, CEO and chairman of the world’s biggest asset manager, BlackRock, said Russia’s invasion of Ukraine has upended the world order that had been in place since the end of the Cold War.The U.S. House of Representatives plans to vote on a bill to federally legalize marijuana for the second time in history next week, congressional leadership confirmed on Thursday. The body will take up the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act, a bill sponsored by House Judiciary Committee Chairman Jerrold Nadler (D-NY). Electric vehicle battery makers will need to raise prices by almost 25% due to soaring lithium carbonate prices, leading to crimped margins and possibly demand destruction, according to Morgan Stanley.MEITUAN on Friday reported a better-than-expected 30.6% rise in fourth-quarter revenue, helped by steady growth in its core business. Revenue rose to 49.5 billion yuan ($7.78 billion) in the quarter ended Dec. 31. Analysts on average had expected revenue of 49.20 billion yuan, Refinitiv Eikon data showed.Volkswagen AG will delay the launch of its ID.5 electric car by a month to the first week of May because of disruptions in the supply of wire harnesses from Ukraine, a spokesperson said on Friday.The U.S. Federal Aviation Administration (FAA) warned Boeing earlier this week the planemaker may not gain certification of a lengthened version of the 737 MAX ahead of a key safety deadline set by Congress.GoTo Group, an Indonesian startup giant, raised about $1.1 billion in one of the world’s largest initial public offerings announced since the Ukraine war, pricing the deal near the middle of the range.","news_type":1},"isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9094832657,"gmtCreate":1645106938755,"gmtModify":1676533997737,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094832657","repostId":"1101877747","repostType":4,"repost":{"id":"1101877747","pubTimestamp":1645105508,"share":"https://ttm.financial/m/news/1101877747?lang=&edition=fundamental","pubTime":"2022-02-17 21:45","market":"us","language":"en","title":"These 2 High-Growth Stocks Could Power the Bull Market's Next Record Run","url":"https://stock-news.laohu8.com/highlight/detail?id=1101877747","media":"Motley Fool","summary":"One ripe area to find future winners during the market sell-off is the semiconductor industry. Memor","content":"<html><head></head><body><p>One ripe area to find future winners during the market sell-off is the semiconductor industry. Memory, storage, and advanced processors are expected to remain in high demand over the long term as vehicles, 5G smartphones, and other consumer devices are becoming more technologically advanced.</p><p>This trend is already fueling rising demand at <b>Taiwan Semiconductor Manufacturing</b>(NYSE:TSM) and <b>Micron Technology</b>(NASDAQ:MU). Both stocks trade at attractive price-to-earnings (P/E) ratios relative to future growth expectations, especially Micron. Moreover, both stocks have outperformed the broader market over the last few months, indicating that they could power the next bull market run.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/644c0240f8408a13a8051e614c7ec21a\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"/><span>TSMDATA BYYCHARTS.</span></p><p><b>1. Taiwan Semiconductor</b></p><p>TSMC is the leading chip foundry in the world, and it has a long record of delivering double-digit annualized growth in revenue and profits. It manufactures high-performance chips for just about every leading chip company in the world.</p><p>TSMC is coming off a strong year, in which revenue grew 25% over 2020. Analysts see revenue growing another 29% in 2022 to reach $73 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1b5125d779a79608b73feaec8903a584\" tg-width=\"700\" tg-height=\"449\" referrerpolicy=\"no-referrer\"/><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p>What&#39;s most impressive about TSMC&#39;s recent growth is that it is coming from several different markets. Smartphone revenue was up 8% last year, accounting for 44% of TSMC&#39;s total revenue. High-performance computing (e.g., data centers) sales were up 34%, the Internet of Things grew 21%, and automotive was the fastest-growing category, up 51% year over year.</p><p>The upgrade cycle for 5G phones and rising spending on data-center infrastructure are fueling strong demand for TSMC&#39;s chip technologies. In 2021, TSMC spent $30 billion to capture this demand and drive growth. The company plans to increase its capital budget this year to at least $40 billion to support the development of advanced process technologies, such as 2-nanometer, 3-nanometer, and 5-nanometer chip designs.</p><p>Management expects long-term revenue to grow between 15% to 20% per year on an annualized basis. That should translate to similar growth in profits and fuel market-beating returns. The stock sells at a market-average forward P/E ratio of 22 and pays adividend yield of 1.58%.</p><p><b>2. Micron Technology</b></p><p>Micron is a leading provider of memory and storage products used in personal computers, but it&#39;s also seeing growing demand from data centers,5G devices, and electric vehicles. Revenue grew 29% in fiscal 2021 ending Sept. 2, and it&#39;s off to a good start in fiscal 2022.</p><p>Management expects revenue to reach a new record in fiscal 2022. The top line increased by 33% in the fiscal first quarter, and analysts expect revenue to advance 16% for the full year before increasing 20% in fiscal 2023.</p><p>Management is optimistic about the near-term outlook in the PC market. PCs are experiencing healthy demand right now, with consumers starting to buy multiple PCs per household.</p><p>Management also sees a brisk pace of demand coming from data centers. Major cloud companies like <b>Microsoft</b> and <b>Amazon</b> continue to spend billions of dollars on cloud infrastructure. This is a long-term growth driver for Micron&#39;s solid-state drives (SSDs) used in data servers. Sales of non-volatile flash memory (NAND) used in SSDs made up 24% of Micron&#39;s revenue in the most recent quarter.</p><p>The stock price still looks cheap after the recent rebound. It trades at a P/E of 10 based on fiscal 2022 earnings estimates and pays a small dividend yield of 0.22%. Analysts expect the company to post annualized earnings growth of 24% over the next five years.</p><p><b>Sound investments in technology</b></p><p>It&#39;s possible the current dip in stocks could turn into a more severe market correction, which could drag the best companies down with it. But the smart money seems to be positioning its chips behind TSMC and Micron, given the shares&#39; relative performance to the broader market in recent months.</p><p>The growing semiconductor industry should generate satisfactory returns for shareholders over the next five years and beyond.</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>These 2 High-Growth Stocks Could Power the Bull Market's Next Record Run</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese 2 High-Growth Stocks Could Power the Bull Market's Next Record Run\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-17 21:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/02/16/these-2-high-growth-stocks-could-power-the-bull-ma/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>One ripe area to find future winners during the market sell-off is the semiconductor industry. Memory, storage, and advanced processors are expected to remain in high demand over the long term as ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/02/16/these-2-high-growth-stocks-could-power-the-bull-ma/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电","MU":"美光科技"},"source_url":"https://www.fool.com/investing/2022/02/16/these-2-high-growth-stocks-could-power-the-bull-ma/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101877747","content_text":"One ripe area to find future winners during the market sell-off is the semiconductor industry. Memory, storage, and advanced processors are expected to remain in high demand over the long term as vehicles, 5G smartphones, and other consumer devices are becoming more technologically advanced.This trend is already fueling rising demand at Taiwan Semiconductor Manufacturing(NYSE:TSM) and Micron Technology(NASDAQ:MU). Both stocks trade at attractive price-to-earnings (P/E) ratios relative to future growth expectations, especially Micron. Moreover, both stocks have outperformed the broader market over the last few months, indicating that they could power the next bull market run.TSMDATA BYYCHARTS.1. Taiwan SemiconductorTSMC is the leading chip foundry in the world, and it has a long record of delivering double-digit annualized growth in revenue and profits. It manufactures high-performance chips for just about every leading chip company in the world.TSMC is coming off a strong year, in which revenue grew 25% over 2020. Analysts see revenue growing another 29% in 2022 to reach $73 billion.IMAGE SOURCE: GETTY IMAGES.What's most impressive about TSMC's recent growth is that it is coming from several different markets. Smartphone revenue was up 8% last year, accounting for 44% of TSMC's total revenue. High-performance computing (e.g., data centers) sales were up 34%, the Internet of Things grew 21%, and automotive was the fastest-growing category, up 51% year over year.The upgrade cycle for 5G phones and rising spending on data-center infrastructure are fueling strong demand for TSMC's chip technologies. In 2021, TSMC spent $30 billion to capture this demand and drive growth. The company plans to increase its capital budget this year to at least $40 billion to support the development of advanced process technologies, such as 2-nanometer, 3-nanometer, and 5-nanometer chip designs.Management expects long-term revenue to grow between 15% to 20% per year on an annualized basis. That should translate to similar growth in profits and fuel market-beating returns. The stock sells at a market-average forward P/E ratio of 22 and pays adividend yield of 1.58%.2. Micron TechnologyMicron is a leading provider of memory and storage products used in personal computers, but it's also seeing growing demand from data centers,5G devices, and electric vehicles. Revenue grew 29% in fiscal 2021 ending Sept. 2, and it's off to a good start in fiscal 2022.Management expects revenue to reach a new record in fiscal 2022. The top line increased by 33% in the fiscal first quarter, and analysts expect revenue to advance 16% for the full year before increasing 20% in fiscal 2023.Management is optimistic about the near-term outlook in the PC market. PCs are experiencing healthy demand right now, with consumers starting to buy multiple PCs per household.Management also sees a brisk pace of demand coming from data centers. Major cloud companies like Microsoft and Amazon continue to spend billions of dollars on cloud infrastructure. This is a long-term growth driver for Micron's solid-state drives (SSDs) used in data servers. Sales of non-volatile flash memory (NAND) used in SSDs made up 24% of Micron's revenue in the most recent quarter.The stock price still looks cheap after the recent rebound. It trades at a P/E of 10 based on fiscal 2022 earnings estimates and pays a small dividend yield of 0.22%. Analysts expect the company to post annualized earnings growth of 24% over the next five years.Sound investments in technologyIt's possible the current dip in stocks could turn into a more severe market correction, which could drag the best companies down with it. But the smart money seems to be positioning its chips behind TSMC and Micron, given the shares' relative performance to the broader market in recent months.The growing semiconductor industry should generate satisfactory returns for shareholders over the next five years and beyond.","news_type":1},"isVote":1,"tweetType":1,"viewCount":111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9935996024,"gmtCreate":1663025444569,"gmtModify":1676537183269,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"Lk","listText":"Lk","text":"Lk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9935996024","repostId":"2267757983","repostType":4,"isVote":1,"tweetType":1,"viewCount":23,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9077663583,"gmtCreate":1658507638342,"gmtModify":1676536169581,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9077663583","repostId":"2253825034","repostType":4,"repost":{"id":"2253825034","pubTimestamp":1658492942,"share":"https://ttm.financial/m/news/2253825034?lang=&edition=fundamental","pubTime":"2022-07-22 20:29","market":"us","language":"en","title":"Sea Limited: Cautious Approach Into Upcoming Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=2253825034","media":"Seekingalpha","summary":"SummarySea Limited reported a strong start to the year with Q1 revenue and adjusted EBITDA losses co","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Sea Limited reported a strong start to the year with Q1 revenue and adjusted EBITDA losses coming in ahead of expectations.</li><li>Challenging macro environment caused management to reduce their E-Commerce segment revenue guidance.</li><li>The macro environment continues to remain challenged, especially in the Asia-Pacific region where Sea Limited has significant exposure.</li><li>Investors should use some caution heading into Q2 earnings given the ongoing challenging macro environment including high inflation causing potential slowdown in consumer spending.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1aba4b262e32def27011fb88083553dc\" tg-width=\"1080\" tg-height=\"900\" width=\"100%\" height=\"auto\"/><span>SIphotography/iStock via Getty Images</span></p><p>Sea Limited (NYSE:SE) has seen its stock be pushed down over 60% so far this year as investors quickly rotated out of risky assets. Driven by higher interest rates and fears around a possible recession, among other factors, themarket has not been kind to fast-growth companies that currently fail to show profitability metrics.</p><p>While I do believe there remains a lot of optimism around the company&#39;s long-term outlook, investors should be a little cautious heading into the Q2 earnings report next month.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1e7583d3fb156c8af9b4075626de4226\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>Just last quarter,management called out a slowdown in its user engagement within the Digital Entertainment segment as well as challenging E-Commerce segment revenue comparisons.</p><p>Higher interest rates seen around the world combined with fears around a potential recession may cause consumers to shift the spending habits to be more conservative, thus potentially placing more pressure on spending trends.</p><p>In addition, in Q1 the company lowered their guidance for E-Commerce revenue, calling out a challenging macro environment in Asia-Pacific. Since the company reported earnings, not a lot has changed in the macro environment that would make investors more positive into the quarter.</p><p>Plus, valuation still remains somewhat expensive at over 3x 2022 revenue and over 2x 2023 revenue. Compared to other software companies, valuation is not expensive. However, Sea Limited&#39;s revenue streams are not as recurring as software revenue and the company continues to hemorrhage money each quarter.</p><p>For now, I believe investors should use more caution heading into Q2 earnings, though I continue to believe the long-term outlook for the company remains positive once we move past the current challenging economic conditions.</p><p><b>Brief Financial Review</b></p><p>Back in mid-May, the company reported revenue growth of 64% yoy to $2.9 billion, which beat consensus estimates by $40 million. Though there still remains a lot of runway left in profitability, gross margins improved to 40.4% (from 36.6% in the year-ago period) and adjusted EBITDA loss was $510 million, though beat expectations for a near $600 million loss.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e5572514625d6265a9f9b1c7f7e7e774\" tg-width=\"555\" tg-height=\"531\" width=\"100%\" height=\"auto\"/><span>Sea Limited</span></p><p><b>Cautious Into Upcoming Earnings</b></p><p>With the company reporting earrings next month, I believe investors should remain cautious heading into the print. With the company already having acknowledging a slowdown in user engagement and E-Commerce segment revenue trends facing difficult comparisons, the company may start to report more normalized growth trends, which could disappoint</p><p>During Q1, Digital Entertainment segment revenue grew 45% yoy,management acknowledged a slowdown in user engagement as quarterly active users declined 5% yoy and quarterly paying were declined 23% yoy.</p><blockquote><i>While Garena experienced headwinds in its growth post-COVID, we saw some preliminary positive effects from our efforts to improve user engagement in Free Fire. In particular, the monthly user trends for Free Fire began to show some early signs of stabilizing toward the end of the first quarter. While this is encouraging, the longer-term impact of reopening around Free Fire remains to be seen and we will continue to focus on user engagement and user base stabilization.</i></blockquote><p>User engagement trends can move around quarter to quarter, though with the company already acknowledging a potential, there appears to be some underlying risk that user engagement remains weak.</p><p>And while this is not a perfect correlation,The NPD Group is projecting video game spending to decline 9% yoy during 2022. Yes, this chart only analyzes the US video game market, though global video game trends tend to move in similar patterns, thus potential weakness in the US may be seen elsewhere in the world.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f31ce0e699f5a917f6014ed2d9ef025e\" tg-width=\"640\" tg-height=\"318\" width=\"100%\" height=\"auto\"/><span>The NPD Group</span></p><blockquote>Some of the drivers of the decline include the return of experiential spending, higher prices in everyday spending categories such as food and fuel, the uncertain supply of video game console hardware and certain accessories such as gamepads, and a lighter release slate of games, among others.</blockquote><blockquote>The surge in video game players and engagement the market experienced during 2020 and 2021 has leveled off, and we are now seeing more entertainment opportunities emerge that compete for consumer attention and, of course, dollars.</blockquote><blockquote>In hardware, the video game console market has yet to reflect normalized demand given ongoing supply constraints, particularly on new generation systems such as the PlayStation 5 and the Xbox Series X. This is not likely to change throughout 2022 and will lead to continued uncertainty for the market.</blockquote><p>Higher inflation has been an issue throughout the world and with the cost of everyday items going up, consumers may be spending less time and money on their mobile/video games.</p><p>On top of the potential slowdown in the Digital Entertainment segment, E-Commerce segment is starting to face more difficult comparisons, thus we could see a slowdown in growth.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2dd835de41764a6feba365420ce15cbd\" tg-width=\"389\" tg-height=\"475\" width=\"100%\" height=\"auto\"/><span>Sea Limited</span></p><p>The chart above does a good job depicting the significant sequential growth patterns seen in the E-Commerce segment, and the yoy trends clearly benefited from the pandemic with consumers shifting their spend to online channels.</p><p>Back in Q1-2021, E-Commerce segment revenue growth was 250% yoy, Q2-2021 was 161% yoy, Q3-2021 was 134% yoy, Q4-2021 was 89% yoy, and this past quarter was 64% yoy. These trends show that the comparison from the year ago period is still very challenging.</p><p>On top of that, consumers are faced with high inflationary pressures across most retail categories. Combined with the fears of a potential recession, consumers may start to pull back on their discretionary spending patterns, thus further putting downward pressure on the E-Commerce growth rate.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7f436034c7518aa1af1fbb5daab46bfb\" tg-width=\"640\" tg-height=\"156\" width=\"100%\" height=\"auto\"/><span>Sea Limited</span></p><p>After reporting Q1, the company also downward revised their E-Commerce revenue expectations, now expecting revenue of $8.5-9.1 billion, down from the prior guidance of $8.9-9.1 billion. While the top-end of the guidance range was reiterated, the wider and lower range takes into account the uncertainties around the global macro-environment, specifically around the Asia-Pacific region.</p><p>Since the company reported earnings in mid-May, the macro-environment has certainly not improved, with interest rates continuing to rise, inflation reaching record levels around the world, and the Asia-Pacific region remained constrained by COVID-restrictions.</p><p>Given all of these moving parts, it would not be shocking to see the company lower their E-Commerce segment revenue guidance again, which I believe would push the stock even lower and cause negative sentiment to persist.</p><p><b>Valuation</b></p><p>With the stock remaining down over 60% so far this year, the stock has actually been up almost 5% since the company reported Q1 earnings. I believe part of this positive performance was related to the company posting better profitability than expected and some optimism around recovery.</p><p>However, I believe there remains a lot of negative macro impacts that can cause the stock to be weak. If they were to miss E-Commerce revenue expectations or make additional commentary around user engagement slowing down, investors may be quick to sell the news.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c312ca9da70e61d3e90011d296f739a8\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p>The stock has a current market cap of ~$46.7 billion and net cash of ~$8.5 billion, resulting in an enterprise value of ~$38.2 billion.</p><p>Since the company reported Q1 earnings in mid-May, consensus estimates for 2023 revenue has moved down from $18 billion to $17 billion, largely resulting from the company noting potentially lower E-Commerce revenue driven by the challenged macroeconomic environment.</p><p>However, I believe there continues to be downside risk to consensus estimates given the ongoing macro challenges around the world. Factors such as high inflation, difficult E-Commerce comparisons, potential slowdown in video game engagement/spending, and fears around a recession may cause many companies to lower expectations heading into the second half of the year.</p><p>For comparison, if 2022 revenue ends up closer to $12.5 billion, this would imply a 2022 revenue multiple of over 3x. And if growth further decelerates in 2023 and we end up with $16 billion of revenue, then valuation is still over 2x 2023 revenue.</p><p>Yes, this is not an overly expensive multiple to pay, but investors must balance the risk/reward of investing in a fast-growth company that is facing growth deceleration on top of ongoing adjusted EBITDA losses.</p><p>While I am a long-term bull in the company, I do believe we could see some volatility in upcoming months given the difficult macro environment we are currently living in. Caution into the Q2 earnings report is warranted, and if the company is able to execute well, then long-term shareholders will surely be rewarded.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Limited: Cautious Approach Into Upcoming 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\">\nSea Limited: Cautious Approach Into Upcoming Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-22 20:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4525085-sea-limited-cautious-approach-upcoming-earnings><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummarySea Limited reported a strong start to the year with Q1 revenue and adjusted EBITDA losses coming in ahead of expectations.Challenging macro environment caused management to reduce their E-...</p>\n\n<a href=\"https://seekingalpha.com/article/4525085-sea-limited-cautious-approach-upcoming-earnings\">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/4525085-sea-limited-cautious-approach-upcoming-earnings","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2253825034","content_text":"SummarySea Limited reported a strong start to the year with Q1 revenue and adjusted EBITDA losses coming in ahead of expectations.Challenging macro environment caused management to reduce their E-Commerce segment revenue guidance.The macro environment continues to remain challenged, especially in the Asia-Pacific region where Sea Limited has significant exposure.Investors should use some caution heading into Q2 earnings given the ongoing challenging macro environment including high inflation causing potential slowdown in consumer spending.SIphotography/iStock via Getty ImagesSea Limited (NYSE:SE) has seen its stock be pushed down over 60% so far this year as investors quickly rotated out of risky assets. Driven by higher interest rates and fears around a possible recession, among other factors, themarket has not been kind to fast-growth companies that currently fail to show profitability metrics.While I do believe there remains a lot of optimism around the company's long-term outlook, investors should be a little cautious heading into the Q2 earnings report next month.Data by YChartsJust last quarter,management called out a slowdown in its user engagement within the Digital Entertainment segment as well as challenging E-Commerce segment revenue comparisons.Higher interest rates seen around the world combined with fears around a potential recession may cause consumers to shift the spending habits to be more conservative, thus potentially placing more pressure on spending trends.In addition, in Q1 the company lowered their guidance for E-Commerce revenue, calling out a challenging macro environment in Asia-Pacific. Since the company reported earnings, not a lot has changed in the macro environment that would make investors more positive into the quarter.Plus, valuation still remains somewhat expensive at over 3x 2022 revenue and over 2x 2023 revenue. Compared to other software companies, valuation is not expensive. However, Sea Limited's revenue streams are not as recurring as software revenue and the company continues to hemorrhage money each quarter.For now, I believe investors should use more caution heading into Q2 earnings, though I continue to believe the long-term outlook for the company remains positive once we move past the current challenging economic conditions.Brief Financial ReviewBack in mid-May, the company reported revenue growth of 64% yoy to $2.9 billion, which beat consensus estimates by $40 million. Though there still remains a lot of runway left in profitability, gross margins improved to 40.4% (from 36.6% in the year-ago period) and adjusted EBITDA loss was $510 million, though beat expectations for a near $600 million loss.Sea LimitedCautious Into Upcoming EarningsWith the company reporting earrings next month, I believe investors should remain cautious heading into the print. With the company already having acknowledging a slowdown in user engagement and E-Commerce segment revenue trends facing difficult comparisons, the company may start to report more normalized growth trends, which could disappointDuring Q1, Digital Entertainment segment revenue grew 45% yoy,management acknowledged a slowdown in user engagement as quarterly active users declined 5% yoy and quarterly paying were declined 23% yoy.While Garena experienced headwinds in its growth post-COVID, we saw some preliminary positive effects from our efforts to improve user engagement in Free Fire. In particular, the monthly user trends for Free Fire began to show some early signs of stabilizing toward the end of the first quarter. While this is encouraging, the longer-term impact of reopening around Free Fire remains to be seen and we will continue to focus on user engagement and user base stabilization.User engagement trends can move around quarter to quarter, though with the company already acknowledging a potential, there appears to be some underlying risk that user engagement remains weak.And while this is not a perfect correlation,The NPD Group is projecting video game spending to decline 9% yoy during 2022. Yes, this chart only analyzes the US video game market, though global video game trends tend to move in similar patterns, thus potential weakness in the US may be seen elsewhere in the world.The NPD GroupSome of the drivers of the decline include the return of experiential spending, higher prices in everyday spending categories such as food and fuel, the uncertain supply of video game console hardware and certain accessories such as gamepads, and a lighter release slate of games, among others.The surge in video game players and engagement the market experienced during 2020 and 2021 has leveled off, and we are now seeing more entertainment opportunities emerge that compete for consumer attention and, of course, dollars.In hardware, the video game console market has yet to reflect normalized demand given ongoing supply constraints, particularly on new generation systems such as the PlayStation 5 and the Xbox Series X. This is not likely to change throughout 2022 and will lead to continued uncertainty for the market.Higher inflation has been an issue throughout the world and with the cost of everyday items going up, consumers may be spending less time and money on their mobile/video games.On top of the potential slowdown in the Digital Entertainment segment, E-Commerce segment is starting to face more difficult comparisons, thus we could see a slowdown in growth.Sea LimitedThe chart above does a good job depicting the significant sequential growth patterns seen in the E-Commerce segment, and the yoy trends clearly benefited from the pandemic with consumers shifting their spend to online channels.Back in Q1-2021, E-Commerce segment revenue growth was 250% yoy, Q2-2021 was 161% yoy, Q3-2021 was 134% yoy, Q4-2021 was 89% yoy, and this past quarter was 64% yoy. These trends show that the comparison from the year ago period is still very challenging.On top of that, consumers are faced with high inflationary pressures across most retail categories. Combined with the fears of a potential recession, consumers may start to pull back on their discretionary spending patterns, thus further putting downward pressure on the E-Commerce growth rate.Sea LimitedAfter reporting Q1, the company also downward revised their E-Commerce revenue expectations, now expecting revenue of $8.5-9.1 billion, down from the prior guidance of $8.9-9.1 billion. While the top-end of the guidance range was reiterated, the wider and lower range takes into account the uncertainties around the global macro-environment, specifically around the Asia-Pacific region.Since the company reported earnings in mid-May, the macro-environment has certainly not improved, with interest rates continuing to rise, inflation reaching record levels around the world, and the Asia-Pacific region remained constrained by COVID-restrictions.Given all of these moving parts, it would not be shocking to see the company lower their E-Commerce segment revenue guidance again, which I believe would push the stock even lower and cause negative sentiment to persist.ValuationWith the stock remaining down over 60% so far this year, the stock has actually been up almost 5% since the company reported Q1 earnings. I believe part of this positive performance was related to the company posting better profitability than expected and some optimism around recovery.However, I believe there remains a lot of negative macro impacts that can cause the stock to be weak. If they were to miss E-Commerce revenue expectations or make additional commentary around user engagement slowing down, investors may be quick to sell the news.Data by YChartsThe stock has a current market cap of ~$46.7 billion and net cash of ~$8.5 billion, resulting in an enterprise value of ~$38.2 billion.Since the company reported Q1 earnings in mid-May, consensus estimates for 2023 revenue has moved down from $18 billion to $17 billion, largely resulting from the company noting potentially lower E-Commerce revenue driven by the challenged macroeconomic environment.However, I believe there continues to be downside risk to consensus estimates given the ongoing macro challenges around the world. Factors such as high inflation, difficult E-Commerce comparisons, potential slowdown in video game engagement/spending, and fears around a recession may cause many companies to lower expectations heading into the second half of the year.For comparison, if 2022 revenue ends up closer to $12.5 billion, this would imply a 2022 revenue multiple of over 3x. And if growth further decelerates in 2023 and we end up with $16 billion of revenue, then valuation is still over 2x 2023 revenue.Yes, this is not an overly expensive multiple to pay, but investors must balance the risk/reward of investing in a fast-growth company that is facing growth deceleration on top of ongoing adjusted EBITDA losses.While I am a long-term bull in the company, I do believe we could see some volatility in upcoming months given the difficult macro environment we are currently living in. Caution into the Q2 earnings report is warranted, and if the company is able to execute well, then long-term shareholders will surely be rewarded.","news_type":1},"isVote":1,"tweetType":1,"viewCount":23,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035531920,"gmtCreate":1647624405994,"gmtModify":1676534252423,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"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/9035531920","repostId":"1165847563","repostType":4,"repost":{"id":"1165847563","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":1647616101,"share":"https://ttm.financial/m/news/1165847563?lang=&edition=fundamental","pubTime":"2022-03-18 23:08","market":"us","language":"en","title":"Berkshire-Backed StoneCo Issued a Bullish Outlook. The Stock Soared Nearly 40%","url":"https://stock-news.laohu8.com/highlight/detail?id=1165847563","media":"Tiger Newspress","summary":"Shares of Brazilian payment processor StoneCo were skyrocketing Friday after Citigroup upgraded the ","content":"<html><head></head><body><p>Shares of Brazilian payment processor StoneCo were skyrocketing Friday after Citigroup upgraded the stock, citing an attractive valuation and the company’s strong outlook for the first quarter.<img src=\"https://static.tigerbbs.com/67ae6f7ed374b8fdd6f524db52d21042\" tg-width=\"707\" tg-height=\"611\" referrerpolicy=\"no-referrer\"/>Citigroup analyst Gabriel Gusan upgraded shares of the Berkshire Hathaway-backed stock to a Buy from Neutral with a $15 price target, down from $18.</p><p>“We think valuation looks attractive, as we believe positive trends for the business such as take rate expansion and strong client additions indicate stronger short-term results than market expected, which was corroborated by the guidance for 1Q22 and positive message for 2022,” Gusan wrote in a research note on Friday.</p><p>StoneCo (ticker: STNE) said it expects total revenue and income to grow between 113% and 119% year over year during the first quarter of 2022, ranging between1.85 billion Brazilian reals ($366.4 million) and 1.9 billion reals ($376.3 million). Analysts polled by FactSet were expecting first-quarter sales to clock in at $344.5 million.</p><p>StoneCo also said it was working to improve margins throughout 2022. The company has worked on repricing its software offerings, and said it was becoming more efficient with expense management as segments mature.</p><p>Berkshire Hathaway owns about 4% of StoneCo, according to FactSet. Cathie Wood’s Ark Invest owns a 1% stake.</p><p>The stock has been battered over the last 12 months, losing about 80% amid a selloff of global fintech stocks and disappointing performance that impacted the company’s profitability, Gusan said.</p><p>“We lost some focus and execution precision, and as a result our performance suffered, and our profitability declined,” said CEO Thiago Piau. “2021 was not our best year. Period.”</p><p>Even so, the company ended the year on a high note, wrote Susquehanna analyst James Friedman. Revenue increased by 87% year over year to 1.87 billion reals ($369.3 million), which Friedman said “reflects improved execution not contemplated in the depressed share price.” The figure beat consensus estimates for $339 million. Earnings per share were 3 cents, in line with expectations.</p><p>Friedman also was encouraged by the increasing percentage of recently acquired Linx software payments converting to consolidated revenue for StoneCo.</p><p>Friedman maintained a Positive rating and $28 price target on the stock, while raising estimates for 2023.</p><p>“We maintain the multiple based on the potential for margin expansion after rate hikes stop and Linx has been fully integrated,” he wrote in a research note on Friday.</p><p>Citi’s Gusan said the results reflected marginal improvement amid a challenging scenario, but believes “there are signs of a slightly better future.”</p><p>Evercore ISI analyst Sheriq Sumar was more cautious, maintaining a Hold rating and $14 price target. Although revenue outperformed estimates, earnings per share fell short of his forecasts, he wrote in a research note to investors. He believes the company’s rate hikes could slow the pace of net additions in the first quarter, but it could improve profitability.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire-Backed StoneCo Issued a Bullish Outlook. The Stock Soared Nearly 40%</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\">\nBerkshire-Backed StoneCo Issued a Bullish Outlook. The Stock Soared Nearly 40%\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\">2022-03-18 23:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Shares of Brazilian payment processor StoneCo were skyrocketing Friday after Citigroup upgraded the stock, citing an attractive valuation and the company’s strong outlook for the first quarter.<img src=\"https://static.tigerbbs.com/67ae6f7ed374b8fdd6f524db52d21042\" tg-width=\"707\" tg-height=\"611\" referrerpolicy=\"no-referrer\"/>Citigroup analyst Gabriel Gusan upgraded shares of the Berkshire Hathaway-backed stock to a Buy from Neutral with a $15 price target, down from $18.</p><p>“We think valuation looks attractive, as we believe positive trends for the business such as take rate expansion and strong client additions indicate stronger short-term results than market expected, which was corroborated by the guidance for 1Q22 and positive message for 2022,” Gusan wrote in a research note on Friday.</p><p>StoneCo (ticker: STNE) said it expects total revenue and income to grow between 113% and 119% year over year during the first quarter of 2022, ranging between1.85 billion Brazilian reals ($366.4 million) and 1.9 billion reals ($376.3 million). Analysts polled by FactSet were expecting first-quarter sales to clock in at $344.5 million.</p><p>StoneCo also said it was working to improve margins throughout 2022. The company has worked on repricing its software offerings, and said it was becoming more efficient with expense management as segments mature.</p><p>Berkshire Hathaway owns about 4% of StoneCo, according to FactSet. Cathie Wood’s Ark Invest owns a 1% stake.</p><p>The stock has been battered over the last 12 months, losing about 80% amid a selloff of global fintech stocks and disappointing performance that impacted the company’s profitability, Gusan said.</p><p>“We lost some focus and execution precision, and as a result our performance suffered, and our profitability declined,” said CEO Thiago Piau. “2021 was not our best year. Period.”</p><p>Even so, the company ended the year on a high note, wrote Susquehanna analyst James Friedman. Revenue increased by 87% year over year to 1.87 billion reals ($369.3 million), which Friedman said “reflects improved execution not contemplated in the depressed share price.” The figure beat consensus estimates for $339 million. Earnings per share were 3 cents, in line with expectations.</p><p>Friedman also was encouraged by the increasing percentage of recently acquired Linx software payments converting to consolidated revenue for StoneCo.</p><p>Friedman maintained a Positive rating and $28 price target on the stock, while raising estimates for 2023.</p><p>“We maintain the multiple based on the potential for margin expansion after rate hikes stop and Linx has been fully integrated,” he wrote in a research note on Friday.</p><p>Citi’s Gusan said the results reflected marginal improvement amid a challenging scenario, but believes “there are signs of a slightly better future.”</p><p>Evercore ISI analyst Sheriq Sumar was more cautious, maintaining a Hold rating and $14 price target. Although revenue outperformed estimates, earnings per share fell short of his forecasts, he wrote in a research note to investors. He believes the company’s rate hikes could slow the pace of net additions in the first quarter, but it could improve profitability.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STNE":"StoneCo"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165847563","content_text":"Shares of Brazilian payment processor StoneCo were skyrocketing Friday after Citigroup upgraded the stock, citing an attractive valuation and the company’s strong outlook for the first quarter.Citigroup analyst Gabriel Gusan upgraded shares of the Berkshire Hathaway-backed stock to a Buy from Neutral with a $15 price target, down from $18.“We think valuation looks attractive, as we believe positive trends for the business such as take rate expansion and strong client additions indicate stronger short-term results than market expected, which was corroborated by the guidance for 1Q22 and positive message for 2022,” Gusan wrote in a research note on Friday.StoneCo (ticker: STNE) said it expects total revenue and income to grow between 113% and 119% year over year during the first quarter of 2022, ranging between1.85 billion Brazilian reals ($366.4 million) and 1.9 billion reals ($376.3 million). Analysts polled by FactSet were expecting first-quarter sales to clock in at $344.5 million.StoneCo also said it was working to improve margins throughout 2022. The company has worked on repricing its software offerings, and said it was becoming more efficient with expense management as segments mature.Berkshire Hathaway owns about 4% of StoneCo, according to FactSet. Cathie Wood’s Ark Invest owns a 1% stake.The stock has been battered over the last 12 months, losing about 80% amid a selloff of global fintech stocks and disappointing performance that impacted the company’s profitability, Gusan said.“We lost some focus and execution precision, and as a result our performance suffered, and our profitability declined,” said CEO Thiago Piau. “2021 was not our best year. Period.”Even so, the company ended the year on a high note, wrote Susquehanna analyst James Friedman. Revenue increased by 87% year over year to 1.87 billion reals ($369.3 million), which Friedman said “reflects improved execution not contemplated in the depressed share price.” The figure beat consensus estimates for $339 million. Earnings per share were 3 cents, in line with expectations.Friedman also was encouraged by the increasing percentage of recently acquired Linx software payments converting to consolidated revenue for StoneCo.Friedman maintained a Positive rating and $28 price target on the stock, while raising estimates for 2023.“We maintain the multiple based on the potential for margin expansion after rate hikes stop and Linx has been fully integrated,” he wrote in a research note on Friday.Citi’s Gusan said the results reflected marginal improvement amid a challenging scenario, but believes “there are signs of a slightly better future.”Evercore ISI analyst Sheriq Sumar was more cautious, maintaining a Hold rating and $14 price target. Although revenue outperformed estimates, earnings per share fell short of his forecasts, he wrote in a research note to investors. He believes the company’s rate hikes could slow the pace of net additions in the first quarter, but it could improve profitability.","news_type":1},"isVote":1,"tweetType":1,"viewCount":344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039184311,"gmtCreate":1645958066256,"gmtModify":1676534077664,"author":{"id":"3585473797689026","authorId":"3585473797689026","name":"YTigger","avatar":"https://static.tigerbbs.com/eaefeca0a5a25faa930c0d98718014bc","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3585473797689026","authorIdStr":"3585473797689026"},"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/9039184311","repostId":"1125580913","repostType":4,"repost":{"id":"1125580913","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":1645926503,"share":"https://ttm.financial/m/news/1125580913?lang=&edition=fundamental","pubTime":"2022-02-27 09:48","market":"us","language":"en","title":"Buffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value","url":"https://stock-news.laohu8.com/highlight/detail?id=1125580913","media":"Tiger Newspress","summary":"Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-yea","content":"<html><head></head><body><p>Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.</p><p>Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.</p><p>In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.</p><p>“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.</p><p>Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.</p><p>“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”</p><p>Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.</p><p>“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.</p><p>Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.</p><p>Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.</p><p>“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”</p><p><b>Read the full letter here：</b></p><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.</p><p>Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.</p><p>Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.</p><p>A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.</p><p>Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.</p><p><b>What You Own</b></p><p>Berkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.</p><p>Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.</p><h2><b>Surprise, Surprise</b></h2><p>Here are a few items about your company that often surprise even seasoned investors:</p><p>• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.</p><p>At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.</p><p>• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid</p><p>$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.</p><p>Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.</p><p></p><p>The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).</p><p>I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.</p><p>In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from</p><p>$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.</p><p>During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.</p><p>Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.</p><p>Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.</p><p>In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.</p><p>• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.</p><p>So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.</p><p>Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.</p><p>If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.</p><p>Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”</p><p>I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.</p><p>One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.</p><p>Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.</p><h2>Our Four Giants</h2><p>Through Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.</p><p>• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.</p><p>The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.</p><p>There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.</p><p>• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.</p><p>It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.</p><p>• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.</p><p>Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )</p><p>BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.</p><p>• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.</p><p>BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.</p><p>Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.</p><p>To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.</p><h2>Investments</h2><p>Now let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.</p><p><img src=\"https://static.tigerbbs.com/d43587e9f59c0ff76e6c04c6bf9af324\" tg-width=\"1047\" tg-height=\"530\" referrerpolicy=\"no-referrer\"/>* This is our actual purchase price and also our tax basis.</p><p>** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.</p><p>*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.</p><p>In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.</p><p>Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.</p><h2>U.S. Treasury Bills</h2><p>Berkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.</p><p>Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.</p><h2>But $144 billion?</h2><p>That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)</p><p>After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.</p><p>Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.</p><h2>Share Repurchases</h2><p>There are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.</p><p>Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.</p><p>That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.</p><p>Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)</p><p>Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).</p><p>I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.</p><p>It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.</p><p>Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.</p><h2>A Wonderful Man and a Wonderful Business</h2><p>Last year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.</p><p>In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.</p><p>With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.</p><p>But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?</p><p>For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.</p><p>But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.</p><p>Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.</p><p>When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.</p><p>To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.</p><p>Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”</p><p>When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.</p><p>At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.</p><p>In all ways, Paul was a class act.</p><p>* * * * * * * * * * * *</p><p>Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.</p><p>Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.</p><p>In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.</p><p>Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.</p><p>The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.</p><p>On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.</p><p>Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.</p><p>The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.</p><h2>Thanks</h2><p>I taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.</p><p>Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.</p><p>Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.</p><p>Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”</p><p>Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.</p><p>Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.</p><p>I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction working</p><p>for you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.</p><p>Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.</p><p>To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.</p><p>Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.</p><p>Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”</p><h2>The Annual Meeting</h2><p>Clear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.</p><p>I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.</p><p>February 26, 2022</p><p>Warren E. Buffett Chairman of the Board</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value\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\">2022-02-27 09:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.</p><p>Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.</p><p>In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.</p><p>“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.</p><p>Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.</p><p>“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”</p><p>Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.</p><p>“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.</p><p>Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.</p><p>Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.</p><p>“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”</p><p><b>Read the full letter here：</b></p><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.</p><p>Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.</p><p>Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.</p><p>A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.</p><p>Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.</p><p><b>What You Own</b></p><p>Berkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.</p><p>Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.</p><h2><b>Surprise, Surprise</b></h2><p>Here are a few items about your company that often surprise even seasoned investors:</p><p>• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.</p><p>At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.</p><p>• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid</p><p>$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.</p><p>Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.</p><p></p><p>The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).</p><p>I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.</p><p>In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from</p><p>$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.</p><p>During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.</p><p>Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.</p><p>Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.</p><p>In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.</p><p>• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.</p><p>So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.</p><p>Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.</p><p>If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.</p><p>Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”</p><p>I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.</p><p>One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.</p><p>Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.</p><h2>Our Four Giants</h2><p>Through Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.</p><p>• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.</p><p>The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.</p><p>There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.</p><p>• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.</p><p>It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.</p><p>• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.</p><p>Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )</p><p>BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.</p><p>• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.</p><p>BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.</p><p>Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.</p><p>To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.</p><h2>Investments</h2><p>Now let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.</p><p><img src=\"https://static.tigerbbs.com/d43587e9f59c0ff76e6c04c6bf9af324\" tg-width=\"1047\" tg-height=\"530\" referrerpolicy=\"no-referrer\"/>* This is our actual purchase price and also our tax basis.</p><p>** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.</p><p>*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.</p><p>In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.</p><p>Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.</p><h2>U.S. Treasury Bills</h2><p>Berkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.</p><p>Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.</p><h2>But $144 billion?</h2><p>That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)</p><p>After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.</p><p>Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.</p><h2>Share Repurchases</h2><p>There are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.</p><p>Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.</p><p>That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.</p><p>Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)</p><p>Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).</p><p>I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.</p><p>It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.</p><p>Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.</p><h2>A Wonderful Man and a Wonderful Business</h2><p>Last year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.</p><p>In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.</p><p>With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.</p><p>But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?</p><p>For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.</p><p>But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.</p><p>Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.</p><p>When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.</p><p>To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.</p><p>Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”</p><p>When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.</p><p>At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.</p><p>In all ways, Paul was a class act.</p><p>* * * * * * * * * * * *</p><p>Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.</p><p>Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.</p><p>In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.</p><p>Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.</p><p>The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.</p><p>On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.</p><p>Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.</p><p>The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.</p><h2>Thanks</h2><p>I taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.</p><p>Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.</p><p>Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.</p><p>Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”</p><p>Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.</p><p>Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.</p><p>I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction working</p><p>for you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.</p><p>Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.</p><p>To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.</p><p>Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.</p><p>Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”</p><h2>The Annual Meeting</h2><p>Clear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.</p><p>I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.</p><p>February 26, 2022</p><p>Warren E. Buffett Chairman of the Board</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125580913","content_text":"Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”Read the full letter here：To the Shareholders of Berkshire Hathaway Inc.:Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.What You OwnBerkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.Surprise, SurpriseHere are a few items about your company that often surprise even seasoned investors:• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.Our Four GiantsThrough Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.InvestmentsNow let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.* This is our actual purchase price and also our tax basis.** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.U.S. Treasury BillsBerkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.But $144 billion?That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.Share RepurchasesThere are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.A Wonderful Man and a Wonderful BusinessLast year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.In all ways, Paul was a class act.* * * * * * * * * * * *Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.ThanksI taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction workingfor you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”The Annual MeetingClear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.February 26, 2022Warren E. Buffett Chairman of the Board","news_type":1},"isVote":1,"tweetType":1,"viewCount":35,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}