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FatKid

FatKid

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2024-12-02

Nice [财迷] [财迷] [财迷] [财迷] [财迷] [财迷] [财迷] [财迷] [财迷] [财迷] [财迷]

2024-09-29

Johor Bahru is worth revisiting for its affordable and delicious local food. The favorable exchange rate offers great value for money, especially for grooming services.

2024-08-03

My favorite French landmark is the Eiffel Tower, for its iconic design.

2024-07-04

Great article, would you like to share it?

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

2024-07-04

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

2024-07-04

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2024-01-14

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2024-01-13

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2024-01-12

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2024-01-11

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2024-01-10

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2024-01-09

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2024-01-08

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2024-01-07

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2024-01-06

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2024-01-05

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2024-01-04

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2024-01-03

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2024-01-02

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2024-01-01

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[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/259225264468016","isVote":1,"tweetType":1,"viewCount":1196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":258778737443088,"gmtCreate":1704212304603,"gmtModify":1704212307907,"author":{"id":"4090418903913760","authorId":"4090418903913760","name":"FatKid","avatar":"https://community-static.tradeup.com/news/f6692ab34697d0d2f7947fa3f34c6421","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090418903913760","idStr":"4090418903913760"},"themes":[],"htmlText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","listText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","text":"[Cool] [Cool] [Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/258778737443088","isVote":1,"tweetType":1,"viewCount":1198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":258421843403016,"gmtCreate":1704125171665,"gmtModify":1704125174854,"author":{"id":"4090418903913760","authorId":"4090418903913760","name":"FatKid","avatar":"https://community-static.tradeup.com/news/f6692ab34697d0d2f7947fa3f34c6421","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090418903913760","idStr":"4090418903913760"},"themes":[],"htmlText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","listText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","text":"[Cool] [Cool] [Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/258421843403016","isVote":1,"tweetType":1,"viewCount":1122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":258174886477880,"gmtCreate":1704065012051,"gmtModify":1704065015320,"author":{"id":"4090418903913760","authorId":"4090418903913760","name":"FatKid","avatar":"https://community-static.tradeup.com/news/f6692ab34697d0d2f7947fa3f34c6421","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090418903913760","idStr":"4090418903913760"},"themes":[],"htmlText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","listText":"[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;[Cool]&nbsp;&nbsp;","text":"[Cool] [Cool] [Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/258174886477880","isVote":1,"tweetType":1,"viewCount":1098,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9952931076,"gmtCreate":1674343699095,"gmtModify":1676538937025,"author":{"id":"4090418903913760","authorId":"4090418903913760","name":"FatKid","avatar":"https://community-static.tradeup.com/news/f6692ab34697d0d2f7947fa3f34c6421","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090418903913760","idStr":"4090418903913760"},"themes":[],"htmlText":"Our favourite CNY drink is Pokka Green Tea. the&nbsp;small pack size is convenient to serve for guests but often we&nbsp;help ourselves first. Because it is so convenient. Haha","listText":"Our favourite CNY drink is Pokka Green Tea. the&nbsp;small pack size is convenient to serve for guests but often we&nbsp;help ourselves first. Because it is so convenient. Haha","text":"Our favourite CNY drink is Pokka Green Tea. the small pack size is convenient to serve for guests but often we help ourselves first. Because it is so convenient. Haha","images":[{"img":"https://community-static.tradeup.com/news/65f2e67a1a0d2e99233c549c7b7c2a44","width":"1163","height":"2656"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":36,"commentSize":32,"repostSize":0,"link":"https://ttm.financial/post/9952931076","isVote":1,"tweetType":1,"viewCount":1614,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3585783151794537","authorId":"3585783151794537","name":"jgaldon","avatar":"https://community-static.tradeup.com/news/71252dc922dc881c6099f238afdbe3f4","crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"3585783151794537","idStr":"3585783151794537"},"content":"Happy CNY (and I might add, good choice of green tea, designed/erected/commissioned one of their plants and they use good quality leaf - unlike most competitors)","text":"Happy CNY (and I might add, good choice of green tea, designed/erected/commissioned one of their plants and they use good quality leaf - unlike most competitors)","html":"Happy CNY (and I might add, good choice of green tea, designed/erected/commissioned one of their plants and they use good quality leaf - unlike most competitors)"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9985375469,"gmtCreate":1667337672451,"gmtModify":1676537898574,"author":{"id":"4090418903913760","authorId":"4090418903913760","name":"FatKid","avatar":"https://community-static.tradeup.com/news/f6692ab34697d0d2f7947fa3f34c6421","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090418903913760","idStr":"4090418903913760"},"themes":[],"htmlText":"K//<a href=\"https://ttm.financial/U/3585662683556418\">@WereTrader</a>://<a href=\"https://ttm.financial/U/3559581955535845\">@koolgal</a>:The spotlight will shine today on Lisa Su, CEO of AMD as she takes centrestage to report AMD's 3Q22 earnings.&nbsp; AMD closed 0.67%&nbsp;down today at 59.66.&nbsp; AMD has also&nbsp;plummeted by 60% year to date from a euphoric high of 164.46. The main concern is the slowdown in the PC markets.&nbsp; AMD has slashed its Q322 revenue guidance by USD 1.1 billion to USD 5.6 billion.&nbsp; It expects year over year revenue growth of 29% instead of 55%.&nbsp; However the growth in data centres is up by 45% and gaming by 14%.&nbsp; These 2 sectors account for 40% of AMD's revenue. AMD is also facing headwinds of the recent ban by US of high end chips to China,","listText":"K//<a href=\"https://ttm.financial/U/3585662683556418\">@WereTrader</a>://<a href=\"https://ttm.financial/U/3559581955535845\">@koolgal</a>:The spotlight will shine today on Lisa Su, CEO of AMD as she takes centrestage to report AMD's 3Q22 earnings.&nbsp; AMD closed 0.67%&nbsp;down today at 59.66.&nbsp; AMD has also&nbsp;plummeted by 60% year to date from a euphoric high of 164.46. The main concern is the slowdown in the PC markets.&nbsp; AMD has slashed its Q322 revenue guidance by USD 1.1 billion to USD 5.6 billion.&nbsp; It expects year over year revenue growth of 29% instead of 55%.&nbsp; However the growth in data centres is up by 45% and gaming by 14%.&nbsp; These 2 sectors account for 40% of AMD's revenue. AMD is also facing headwinds of the recent ban by US of high end chips to China,","text":"K//@WereTrader://@koolgal:The spotlight will shine today on Lisa Su, CEO of AMD as she takes centrestage to report AMD's 3Q22 earnings. AMD closed 0.67% down today at 59.66. AMD has also plummeted by 60% year to date from a euphoric high of 164.46. The main concern is the slowdown in the PC markets. AMD has slashed its Q322 revenue guidance by USD 1.1 billion to USD 5.6 billion. It expects year over year revenue growth of 29% instead of 55%. However the growth in data centres is up by 45% and gaming by 14%. These 2 sectors account for 40% of AMD's revenue. AMD is also facing headwinds of the recent ban by US of high end chips to China,","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/9985375469","repostId":"9986263968","repostType":1,"repost":{"id":9986263968,"gmtCreate":1666964926054,"gmtModify":1676537841059,"author":{"id":"3527667620927015","authorId":"3527667620927015","name":"Tiger_Earnings","avatar":"https://static.tigerbbs.com/1849fb1fb43d93db3974fd09c5f65ff1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667620927015","idStr":"3527667620927015"},"themes":[],"title":"🔥Stock Prediction: How will AMD close on 2/11 after its earnings?","htmlText":"Click to vote. Can you predict where <a href=\"https://ttm.financial/S/AMD\">$AMD(AMD)$</a> will move following their earnings? If you get the right answers, you can get 20 Tiger Coins. In addition, you have the chance of winning 100 Tiger Coins.<a href=\"https://ttm.financial/S/AMD\">$AMD(AMD)$</a> Advanced Micro Devices is scheduled to release third quarter earnings after the markets close on Tuesday November 1. Lets's guess where AMD&nbsp;will move following its earnings?🔙&nbsp;Latest Results <a href=\"https://ttm.financial/S/AMD\">$AMD(AMD)$</a> reported record revenue for an eighth straight quarter: Revenue surged 70% to a record $6.55 billion from $3.85 billion in the year-ago period Net income of $447 million, or 27 cents a share, compared with $710 million, or 58 cents a share, in the ye","listText":"Click to vote. Can you predict where <a href=\"https://ttm.financial/S/AMD\">$AMD(AMD)$</a> will move following their earnings? If you get the right answers, you can get 20 Tiger Coins. In addition, you have the chance of winning 100 Tiger Coins.<a href=\"https://ttm.financial/S/AMD\">$AMD(AMD)$</a> Advanced Micro Devices is scheduled to release third quarter earnings after the markets close on Tuesday November 1. Lets's guess where AMD&nbsp;will move following its earnings?🔙&nbsp;Latest Results <a href=\"https://ttm.financial/S/AMD\">$AMD(AMD)$</a> reported record revenue for an eighth straight quarter: Revenue surged 70% to a record $6.55 billion from $3.85 billion in the year-ago period Net income of $447 million, or 27 cents a share, compared with $710 million, or 58 cents a share, in the ye","text":"Click to vote. Can you predict where $AMD(AMD)$ will move following their earnings? If you get the right answers, you can get 20 Tiger Coins. In addition, you have the chance of winning 100 Tiger Coins.$AMD(AMD)$ Advanced Micro Devices is scheduled to release third quarter earnings after the markets close on Tuesday November 1. Lets's guess where AMD will move following its earnings?🔙 Latest Results $AMD(AMD)$ reported record revenue for an eighth straight quarter: Revenue surged 70% to a record $6.55 billion from $3.85 billion in the year-ago period Net income of $447 million, or 27 cents a share, compared with $710 million, or 58 cents a share, in the ye","images":[{"img":"https://community-static.tradeup.com/news/4bfd70ef13f7be16ee6820621170933f","width":"-1","height":"-1"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9986263968","isVote":2,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"subType":2,"vote":{"id":2241,"gmtBegin":1666965037875,"gmtEnd":1667394000511,"type":1,"upper":1,"title":"How will AMD close on 2/11 after its earnings?","choices":[{"id":8676,"sort":1,"name":"Very Green (over 10%)","userSize":11,"voted":false},{"id":8677,"sort":2,"name":"Green (5% to 10%)","userSize":45,"voted":false},{"id":8678,"sort":3,"name":"Flat (-5% to 5%)","userSize":55,"voted":false},{"id":8679,"sort":4,"name":"Red (-5% to-10%)","userSize":36,"voted":false},{"id":8680,"sort":5,"name":"Very Red (below-10%)","userSize":6,"voted":false}]},"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":666,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9006507691,"gmtCreate":1641776162130,"gmtModify":1676533647040,"author":{"id":"4090418903913760","authorId":"4090418903913760","name":"FatKid","avatar":"https://community-static.tradeup.com/news/f6692ab34697d0d2f7947fa3f34c6421","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090418903913760","idStr":"4090418903913760"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9006507691","repostId":"1142018994","repostType":4,"repost":{"id":"1142018994","kind":"news","pubTimestamp":1641774402,"share":"https://ttm.financial/m/news/1142018994?lang=en_US&edition=fundamental","pubTime":"2022-01-10 08:26","market":"us","language":"en","title":"Major UK Companies Plan 2022 Investment Surge - Deloitte","url":"https://stock-news.laohu8.com/highlight/detail?id=1142018994","media":"Reuters","summary":"Major British companies plan a surge in investment in 2022 to meet strong demand and respond to clim","content":"<html><head></head><body><p>Major British companies plan a surge in investment in 2022 to meet strong demand and respond to climate change against a backdrop of growing labour shortages, according to a survey from accountants Deloitte.</p><p>Some 37% of chief financial officers viewed higher capital spending as a priority for 2022, the most since the quarterly survey started in 2009 and up from 20% at the start of 2021.</p><p>If the plans translate into action, they could help ease long-standing problems with weak productivity in Britain, which many economists blame on lower rates of business investment than in other rich nations.</p><p>&#34;CFOs seem to be looking past Omicron and plan to focus their businesses on growth in 2022,&#34; said Ian Stewart, chief economist at Deloitte.</p><p>Previous concerns about Brexit and weak global growth have eased. Instead, businesses named persistent labour shortages as their biggest threat, ahead of the COVID-19 pandemic, while climate change then higher inflation and asset price bubbles were in third and fourth place.</p><p>The Bank of England said a tight labour market, which had pushed wage growth above pre-pandemic levels, was one of the main reasons why it raised interest rates last month from their record low 0.1%.</p><p>Policymakers expect inflation to peak at a 30-year high of around 6% in April and take more than two years to return to its 2% target.</p><p>Digital technology was the area of investment which businesses expected to increase most relative to the pre-pandemic trend, followed by more general productivity and workforce skills. Physical plant and machinery and real estate were the least likely areas to see faster investment.</p><p>The biggest motivation for the investment was to support expected growth in demand in Britain, followed by longer-term business plans and overseas demand. Tax incentives and the government&#39;s levelling-up agenda - investment aimed at reducing regional inequality - were named as smaller factors.</p><p>Deloitte conducted the survey from Dec. 1-14, and spoke to 85 CFOs from 60 listed companies with a market value of 493 billion pounds ($669 billion) and 25 subsidiaries of large foreign firms.</p><p>($1 = 0.7372 pounds)</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>Major UK Companies Plan 2022 Investment Surge - Deloitte</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\">\nMajor UK Companies Plan 2022 Investment Surge - Deloitte\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-10 08:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/major-uk-companies-plan-2022-002013671.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Major British companies plan a surge in investment in 2022 to meet strong demand and respond to climate change against a backdrop of growing labour shortages, according to a survey from accountants ...</p>\n\n<a href=\"https://finance.yahoo.com/news/major-uk-companies-plan-2022-002013671.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/major-uk-companies-plan-2022-002013671.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142018994","content_text":"Major British companies plan a surge in investment in 2022 to meet strong demand and respond to climate change against a backdrop of growing labour shortages, according to a survey from accountants Deloitte.Some 37% of chief financial officers viewed higher capital spending as a priority for 2022, the most since the quarterly survey started in 2009 and up from 20% at the start of 2021.If the plans translate into action, they could help ease long-standing problems with weak productivity in Britain, which many economists blame on lower rates of business investment than in other rich nations.\"CFOs seem to be looking past Omicron and plan to focus their businesses on growth in 2022,\" said Ian Stewart, chief economist at Deloitte.Previous concerns about Brexit and weak global growth have eased. Instead, businesses named persistent labour shortages as their biggest threat, ahead of the COVID-19 pandemic, while climate change then higher inflation and asset price bubbles were in third and fourth place.The Bank of England said a tight labour market, which had pushed wage growth above pre-pandemic levels, was one of the main reasons why it raised interest rates last month from their record low 0.1%.Policymakers expect inflation to peak at a 30-year high of around 6% in April and take more than two years to return to its 2% target.Digital technology was the area of investment which businesses expected to increase most relative to the pre-pandemic trend, followed by more general productivity and workforce skills. Physical plant and machinery and real estate were the least likely areas to see faster investment.The biggest motivation for the investment was to support expected growth in demand in Britain, followed by longer-term business plans and overseas demand. Tax incentives and the government's levelling-up agenda - investment aimed at reducing regional inequality - were named as smaller factors.Deloitte conducted the survey from Dec. 1-14, and spoke to 85 CFOs from 60 listed companies with a market value of 493 billion pounds ($669 billion) and 25 subsidiaries of large foreign firms.($1 = 0.7372 pounds)","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":520,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9006654846,"gmtCreate":1641729835112,"gmtModify":1676533643190,"author":{"id":"4090418903913760","authorId":"4090418903913760","name":"FatKid","avatar":"https://community-static.tradeup.com/news/f6692ab34697d0d2f7947fa3f34c6421","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090418903913760","idStr":"4090418903913760"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9006654846","repostId":"2201249471","repostType":4,"repost":{"id":"2201249471","kind":"highlight","pubTimestamp":1641691426,"share":"https://ttm.financial/m/news/2201249471?lang=en_US&edition=fundamental","pubTime":"2022-01-09 09:23","market":"us","language":"en","title":"My 3 Favorite Stocks Right Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2201249471","media":"Motley Fool","summary":"These glaring deals from the small and mid-cap arena could be substantial long-term winners.","content":"<div>\n<p>Unless a portfolio is constructed entirely of mega-cap stocks, it's probably seeing more red than green days lately. The market can seem like a popularity contest, and small and mid-cap growth stocks ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/08/my-3-favorite-stocks-right-now/\">Source Link</a>\n\n</div>\n","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>My 3 Favorite Stocks Right Now</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\">\nMy 3 Favorite Stocks Right Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-09 09:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/01/08/my-3-favorite-stocks-right-now/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Unless a portfolio is constructed entirely of mega-cap stocks, it's probably seeing more red than green days lately. The market can seem like a popularity contest, and small and mid-cap growth stocks ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/08/my-3-favorite-stocks-right-now/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4560":"网络安全概念","BK4503":"景林资产持仓","BK4554":"元宇宙及AR概念","SE":"Sea Ltd","BK4085":"互动家庭娱乐","BK4532":"文艺复兴科技持仓","BK4551":"寇图资本持仓","BK4566":"资本集团","CRWD":"CrowdStrike Holdings, Inc.","AFRM":"Affirm Holdings, Inc.","BK4528":"SaaS概念","BK4548":"巴美列捷福持仓","BK4097":"系统软件","BK4106":"数据处理与外包服务","BK4535":"淡马锡持仓"},"source_url":"https://www.fool.com/investing/2022/01/08/my-3-favorite-stocks-right-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2201249471","content_text":"Unless a portfolio is constructed entirely of mega-cap stocks, it's probably seeing more red than green days lately. The market can seem like a popularity contest, and small and mid-cap growth stocks are not cool right now.But it would help if investors looked at the positives in all of this selling pressure. With so many stocks selling off, it's a great time to buy stocks at great prices. The market has hammered these three stocks recently, but they have a long-term upside that could make them huge winners down the road.1. Affirm HoldingsBuy now, pay later (BNPL) took 2021 by storm, growing roughly fourfold to $100 billion this past year. Experts think it could expand to 15 times its current volume by 2025. The simple structure of fixed installments that often carry zero interest is rapidly gaining popularity over traditional consumer credit cards.Image source: Getty Images.Affirm (NASDAQ:AFRM) is one of the leading BNPL companies. It works with its retail partners to offer installment payment plans on products. Users can shop right from the Affirm app and use Affirm's payment tools when checking out. Retailers have an incentive to use BNPL because it increases order size and customer loyalty. Shoppers can fit more into their carts, and they like the simple financing. In other words, it has become a sales tool for retailers.Affirm has secured numerous partnerships with leading e-commerce merchants, including Amazon, Walmart, Shopify, and Target. In its first quarter of 2022 (period ending Sept. 30, 2021), the company reported that its merchant partnerships had increased 1,468% year over year to 102,200. Affirm hasn't even commented on its guidance since announcing the Amazon partnership, so it seems reasonable that its 84% year-over-year merchandise volume growth in 2022 Q1 could continue from here.Despite this good news, the stock has been caught up in a broader market tech sell-off and has fallen more than 50% from its highs. At $80 per share, the stock almost trades as low as before Affirm announced the Amazon partnership.Affirm isn't profitable, but it's spending heavily on building new products and services; it has ambitions of becoming a broader financial services company, bringing a finance super-app and debit card to market over the coming quarters. As these products launch and revenue grows, investors should look for the business to begin heading toward a positive operating income.2. Crowdstrike HoldingsThe world is becoming increasingly digital at a rapid pace. Yet, consumers' and businesses' tools to protect themselves from digital threats are largely still behind the times. Someone could do a simple internet search and find countless instances of breached, hacked, or compromised companies.CrowdStrike (NASDAQ:CRWD) is a cloud-based leader in endpoint security, in which a network protects user devices like computers and mobile devices from digital threats. In the old days, people would download antivirus software, receive occasional updates from the security company which ultimately would tell the antivirus program what threats looked like.CrowdStrike's Falcon platform delivers various protections through the cloud, giving the software real-time information and updates. Devices connected on Falcon are linked, similar to a massive network. If an attack happens on one device, the system learns and instantly shares this information with the other devices throughout the network. As more devices are connected, it creates a network effect, and the Falcon platform learns more, faster.The stock has had a great run since COVID-19 started but has since pulled back roughly 40% from its highs. CrowdStrike grew subscription revenue 67% year over year in its most recent quarter, the third quarter of 2022 (Oct. 31, 2021), to $357 million. The company is reporting net losses but is growing its free cash flow; it was $123.5 million in 2022 Q3, a 62% year-over-year increase. Free cash flow is a positive step toward posting a profit, so investors should look for cash flow to keep growing, and net losses to shrink over the coming quarters.3. Sea LimitedThe population in Southeast Asia is friendly toward technology; the region boasts a population of roughly 670 million, and half are under age 30. They also tend to spend eight hours on the internet each day, more than the global average. In other words, they are a great target market for digital businesses.Sea Limited (NYSE:SE) is an internet company with various digital business segments, including e-commerce, mobile gaming, and financial services. Garena, its gaming business, is driven by FreeFire, one of the most popular mobile games in the world. It's also the most profitable part of the company, responsible for all of Sea's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA).The company uses these profits to expand other parts of its business heavily. For example, Sea has taken its e-commerce business, Shopee, to other regions in the world, including Latin America, Europe, and India. The company is aggressively pumping its cash back into the business to pay for the employees, buildings, and resources needed for these new markets, so the overall business is losing money right now. However, I expect that the spending eventually levels off, and revenue growth will outpace the money Sea spends, pushing the company toward profits. Investors will want to pay attention to whether losses grow or shrink in future quarters.Sea's total revenue grew 122% year over year in its most recent quarter, 2021 Q3, and there is reason to believe that rapid growth can continue for years to come. E-commerce, gaming, and fintech are all massive addressable markets, and Sea's ambition to attack them at a global scale gives the business a virtually endless runway for growth. The stock is 50% off its highs, so investors with the patience to hold for the long term could be scooping up shares at a nice discount.","news_type":1,"symbols_score_info":{"CRWD":1,"SE":1,"AFRM":1}},"isVote":1,"tweetType":1,"viewCount":627,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890657130,"gmtCreate":1628116880220,"gmtModify":1703501344652,"author":{"id":"4090418903913760","authorId":"4090418903913760","name":"FatKid","avatar":"https://community-static.tradeup.com/news/f6692ab34697d0d2f7947fa3f34c6421","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090418903913760","idStr":"4090418903913760"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/890657130","repostId":"2157133488","repostType":4,"repost":{"id":"2157133488","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1628108689,"share":"https://ttm.financial/m/news/2157133488?lang=en_US&edition=fundamental","pubTime":"2021-08-05 04:24","market":"hk","language":"en","title":"Roku Shares Fall Despite Record Q2: Key Takeaways For Investors","url":"https://stock-news.laohu8.com/highlight/detail?id=2157133488","media":"Benzinga","summary":"Streaming company Roku Inc (NASDAQ: ROKU) reported second-quarter financial results after the market close Wednesday.","content":"<p>Streaming company <b><a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a></b> (NASDAQ:ROKU) reported second-quarter financial results after the market close Wednesday.</p><p><b>What Happened:</b> Roku reported record revenue growth with a total of $645 million, up 81% year-over-year and ahead of the $618.5 million analyst&nbsp;estimates. Platform revenue of $532.3 million was up 117% year-over-year and player revenue of $112.8 million was up 1%.</p><p>Earnings of 52 cents per share came in well ahead of the 12-cent per share estimates.</p><p>The company reported 55.1 million active accounts at the end of the second quarter, gaining 1.5 million since the end of the first quarter.</p><p>Streaming hours of 17.4 billion was down 1.0 billion from the first quarter.</p><p>The company’s average revenue per user of $36.46 on a trailing 12-month basis was up 46% year-over-year.</p><p>The Roku Channel saw strong results in the second quarter, according to the company. The acquisition of <b>Quibi</b> and push for original content led to a record number of unique Roku Channel accounts and streaming hours doubling.</p><p><i>Related Link: Roku Shares Pop On Smart Home Rumors: What Investors Should Know</i></p><p><b>What’s Next: </b>Roku is guiding for third-quarter revenue to be in a range of $675 million to $685 million. Revenue would be up 51% year-over-year at the mid-point of the range.</p><p>The company warned of increased operating expenses in the second half of 2021.</p><p>“Roku remains very well positioned to benefit from the long-term secular trend of audiences, content and advertisers shifting to TV streaming around the globe,” said founder and CEO Anthony Wood.</p><p><b>ROKU Price Action: </b>Roku shares are down 6% after-hours&nbsp;to $396.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Roku Shares Fall Despite Record Q2: Key Takeaways For Investors</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\">\nRoku Shares Fall Despite Record Q2: Key Takeaways For Investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-08-05 04:24</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Streaming company <b><a href=\"https://laohu8.com/S/ROKU\">Roku Inc</a></b> (NASDAQ:ROKU) reported second-quarter financial results after the market close Wednesday.</p><p><b>What Happened:</b> Roku reported record revenue growth with a total of $645 million, up 81% year-over-year and ahead of the $618.5 million analyst&nbsp;estimates. Platform revenue of $532.3 million was up 117% year-over-year and player revenue of $112.8 million was up 1%.</p><p>Earnings of 52 cents per share came in well ahead of the 12-cent per share estimates.</p><p>The company reported 55.1 million active accounts at the end of the second quarter, gaining 1.5 million since the end of the first quarter.</p><p>Streaming hours of 17.4 billion was down 1.0 billion from the first quarter.</p><p>The company’s average revenue per user of $36.46 on a trailing 12-month basis was up 46% year-over-year.</p><p>The Roku Channel saw strong results in the second quarter, according to the company. The acquisition of <b>Quibi</b> and push for original content led to a record number of unique Roku Channel accounts and streaming hours doubling.</p><p><i>Related Link: Roku Shares Pop On Smart Home Rumors: What Investors Should Know</i></p><p><b>What’s Next: </b>Roku is guiding for third-quarter revenue to be in a range of $675 million to $685 million. Revenue would be up 51% year-over-year at the mid-point of the range.</p><p>The company warned of increased operating expenses in the second half of 2021.</p><p>“Roku remains very well positioned to benefit from the long-term secular trend of audiences, content and advertisers shifting to TV streaming around the globe,” said founder and CEO Anthony Wood.</p><p><b>ROKU Price Action: </b>Roku shares are down 6% after-hours&nbsp;to $396.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2157133488","content_text":"Streaming company Roku Inc (NASDAQ:ROKU) reported second-quarter financial results after the market close Wednesday.What Happened: Roku reported record revenue growth with a total of $645 million, up 81% year-over-year and ahead of the $618.5 million analyst estimates. Platform revenue of $532.3 million was up 117% year-over-year and player revenue of $112.8 million was up 1%.Earnings of 52 cents per share came in well ahead of the 12-cent per share estimates.The company reported 55.1 million active accounts at the end of the second quarter, gaining 1.5 million since the end of the first quarter.Streaming hours of 17.4 billion was down 1.0 billion from the first quarter.The company’s average revenue per user of $36.46 on a trailing 12-month basis was up 46% year-over-year.The Roku Channel saw strong results in the second quarter, according to the company. The acquisition of Quibi and push for original content led to a record number of unique Roku Channel accounts and streaming hours doubling.Related Link: Roku Shares Pop On Smart Home Rumors: What Investors Should KnowWhat’s Next: Roku is guiding for third-quarter revenue to be in a range of $675 million to $685 million. Revenue would be up 51% year-over-year at the mid-point of the range.The company warned of increased operating expenses in the second half of 2021.“Roku remains very well positioned to benefit from the long-term secular trend of audiences, content and advertisers shifting to TV streaming around the globe,” said founder and CEO Anthony Wood.ROKU Price Action: Roku shares are down 6% after-hours to $396.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":955,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":235438245965912,"gmtCreate":1698512933954,"gmtModify":1698512938900,"author":{"id":"4090418903913760","authorId":"4090418903913760","name":"FatKid","avatar":"https://community-static.tradeup.com/news/f6692ab34697d0d2f7947fa3f34c6421","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090418903913760","idStr":"4090418903913760"},"themes":[],"htmlText":"Happy Halloween everyone.","listText":"Happy Halloween everyone.","text":"Happy Halloween everyone.","images":[{"img":"https://community-static.tradeup.com/news/0bb17998f0438a655ff0844d5098ed26","width":"682","height":"685"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/235438245965912","isVote":1,"tweetType":1,"viewCount":3603,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9961052042,"gmtCreate":1668808997386,"gmtModify":1676538115288,"author":{"id":"4090418903913760","authorId":"4090418903913760","name":"FatKid","avatar":"https://community-static.tradeup.com/news/f6692ab34697d0d2f7947fa3f34c6421","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090418903913760","idStr":"4090418903913760"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/9961052042","repostId":"1162891213","repostType":4,"repost":{"id":"1162891213","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1668782055,"share":"https://ttm.financial/m/news/1162891213?lang=en_US&edition=fundamental","pubTime":"2022-11-18 22:34","market":"us","language":"en","title":"Hot Chinese ADRs Tumbled in Morning Trading, with Alibaba Slumping 3.26%","url":"https://stock-news.laohu8.com/highlight/detail?id=1162891213","media":"Tiger Newspress","summary":"Hot Chinese ADRs tumbled in morning trading, with Alibaba slumping 3.26%.","content":"<html><head></head><body><p>Hot Chinese ADRs tumbled in morning trading, with Alibaba slumping 3.26%.<img src=\"https://static.tigerbbs.com/6b9e606a3b4962fa10cdbd409e237157\" tg-width=\"269\" tg-height=\"791\" 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>Hot Chinese ADRs Tumbled in Morning Trading, with Alibaba Slumping 3.26%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHot Chinese ADRs Tumbled in Morning Trading, with Alibaba Slumping 3.26%\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\">2022-11-18 22:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Hot Chinese ADRs tumbled in morning trading, with Alibaba slumping 3.26%.<img src=\"https://static.tigerbbs.com/6b9e606a3b4962fa10cdbd409e237157\" tg-width=\"269\" tg-height=\"791\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JD":"京东","BABA":"阿里巴巴"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162891213","content_text":"Hot Chinese ADRs tumbled in morning trading, with Alibaba slumping 3.26%.","news_type":1,"symbols_score_info":{"BABA":0.9,"JD":0.9}},"isVote":1,"tweetType":1,"viewCount":342,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810307877,"gmtCreate":1629942650099,"gmtModify":1676530178918,"author":{"id":"4090418903913760","authorId":"4090418903913760","name":"FatKid","avatar":"https://community-static.tradeup.com/news/f6692ab34697d0d2f7947fa3f34c6421","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090418903913760","idStr":"4090418903913760"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/810307877","repostId":"2162406597","repostType":4,"repost":{"id":"2162406597","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"T-Reuters","id":"1086160438","head_image":"https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5"},"pubTimestamp":1629941737,"share":"https://ttm.financial/m/news/2162406597?lang=en_US&edition=fundamental","pubTime":"2021-08-26 09:35","market":"hk","language":"en","title":"China Resources Land Says HY Core Profit Attributable Excluding Revaluation Gain RMB9.91 Bln","url":"https://stock-news.laohu8.com/highlight/detail?id=2162406597","media":"T-Reuters","summary":"China Resources Land Ltd <1109.HK>:Hy Core Profit Attributable Excluding Revaluation Gain Rmb9.91 Bi","content":"<p>China Resources Land Ltd &lt;1109.HK&gt;:Hy Core Profit Attributable Excluding Revaluation Gain Rmb9.91 Billion, Up 18.3%.Hy Consolidated Revenue Rmb73.74 Billion, Up 63.8%.Resolved To Declare An Interim Dividend Of Rmb0.173 Per Share.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Resources Land Says HY Core Profit Attributable Excluding Revaluation Gain RMB9.91 Bln</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Resources Land Says HY Core Profit Attributable Excluding Revaluation Gain RMB9.91 Bln\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086160438\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">T-Reuters </p>\n<p class=\"h-time\">2021-08-26 09:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>China Resources Land Ltd &lt;1109.HK&gt;:Hy Core Profit Attributable Excluding Revaluation Gain Rmb9.91 Billion, Up 18.3%.Hy Consolidated Revenue Rmb73.74 Billion, Up 63.8%.Resolved To Declare An Interim Dividend Of Rmb0.173 Per Share.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01109":"华润置地"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2162406597","content_text":"China Resources Land Ltd <1109.HK>:Hy Core Profit Attributable Excluding Revaluation Gain Rmb9.91 Billion, Up 18.3%.Hy Consolidated Revenue Rmb73.74 Billion, Up 63.8%.Resolved To Declare An Interim Dividend Of Rmb0.173 Per Share.","news_type":1,"symbols_score_info":{"01109":0.9}},"isVote":1,"tweetType":1,"viewCount":711,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":833414219,"gmtCreate":1629255097531,"gmtModify":1676529981254,"author":{"id":"4090418903913760","authorId":"4090418903913760","name":"FatKid","avatar":"https://community-static.tradeup.com/news/f6692ab34697d0d2f7947fa3f34c6421","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090418903913760","idStr":"4090418903913760"},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/833414219","repostId":"1169979490","repostType":4,"isVote":1,"tweetType":1,"viewCount":829,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9900748039,"gmtCreate":1658787959022,"gmtModify":1676536205298,"author":{"id":"4090418903913760","authorId":"4090418903913760","name":"FatKid","avatar":"https://community-static.tradeup.com/news/f6692ab34697d0d2f7947fa3f34c6421","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090418903913760","idStr":"4090418903913760"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9900748039","repostId":"1150857430","repostType":4,"repost":{"id":"1150857430","kind":"news","pubTimestamp":1658757531,"share":"https://ttm.financial/m/news/1150857430?lang=en_US&edition=fundamental","pubTime":"2022-07-25 21:58","market":"us","language":"en","title":"The Math of Single-Stock ETF Rebalancing","url":"https://stock-news.laohu8.com/highlight/detail?id=1150857430","media":"VettaFi","summary":"With the launch of AXS Investments’ single-stock ETFs, there’s been a veritablemosh pitofnews covera","content":"<html><head></head><body><p>With the launch of AXS Investments’ single-stock ETFs, there’s been a veritablemosh pitofnews coverage(thanks to the SEC dissing them on the way out the door) and public opinion. I thought it might be helpful for some folks to understand exactly what has to go on under the hood to keep these products doing what they say on the tin.</p><p>First, a big fat caveat: Any daily reset leveraged or inverse product exposes you to volatility decay; if you hold it for more than one day — over a week or a month — you’ll do worse than you expect if the underlying asset is volatile and better than you expect if the underlying asset is trending and low vol. Here’sanother articleon that. This article is about what goes on inside the fund and how it impacts the underlying stock, in this case.</p><p>Rather than use hypotheticals, let’s just look at the most popular of the new launches: the <b>AXS TLSA Bear Daily ETF (TSLQ)</b>. Putting aside the rather cheeky nod to the TSLAQ short-selling/conspiracy movement, the fund is a great example of how these products will work.</p><h2>Back to Basics</h2><p>When you buy TSLQ (or any other ETF), you’re not “putting money in” it. You’re buying shares of TSLQ on the open market from someone who has some shares they’re happy to sell you. Most often, this is a market maker either sitting on some amount of inventory or an authorized participant who can do a creation at the end of the day to make new shares to sell to you. If that happens (which it only does when there’s more demand than the market maker can naturally handle), it’s even easier for the TSLQ Authorized Participant than most because they simply put in the order to do a creation unit with a big chunk of cash. Overnight, they’ll magically receive new shares of TSLQ to cover any that they owe buyers like you.</p><p>Put another way, creating new shares of TSLQ is much more like how new shares of a mutual fund are created — cash goes into the portfolio manager, which they then need to “put to work.” TSLQ is also super simple there because all it will ever hold is a giant slug of cash and a swap or two.</p><p><img src=\"https://static.tigerbbs.com/a2b9675b85f5466ffae83c6ac7a342be\" tg-width=\"817\" tg-height=\"127\" referrerpolicy=\"no-referrer\"/></p><p>The work here is just keeping the books up to date and calling up the swap counterparty (generally a big bank) to tell them to adjust the amount of the swap, so the fund gets the -100% exposure to TSLA that it’s targeting. Those swaps are essentially just daily bar bets. If TSLA goes down by 1%, TSLQ and the counterparty compare notes, and the swap counterparty slides $160,000 across the table. If it goes the other way, TSLQ is the one paying the bet. Tomorrow, the same game is played. The swap counterparty, since they’re on the hook to provide the bet, then goes out and gets whatever exposure they need so as not to have any real risk in the transaction. In this case, they short Tesla. So the risk moves from point A — the ETF investor, to point B — the swap counterparty.</p><p>The truly paranoid could worry that there’s some exposure here to the swap counterparty going bankrupt in the middle of the day before the swap gets settled. Still, in practice, I’m unaware of any leveraged and inverse swap counterparty ever failing to settle. The worst-case scenario, however, is just the loss of one day’s returns, even if the swap counterparty just vanished into thin air. The cash is still sitting there on the books every day.</p><h2>The Procyclical Rebalance</h2><p>So looking above, why does the cash balance not perfectly match the value of the swaps as of the close on July 19, which is what the above data suggests? Likely because this was in between the end-of-day NAV being struck and the new exposure being set for the following day.</p><p>Every day, after the bar bet settles, each fund needs to reset the total value of the swaps so that tomorrow, if TSLA goes down by 1%, shareholders of TSLQ will go up by 1%. Here’s how I go about tracking that (something I got used to doing running up to Volmageddon when the VIX ETPs werehaving big impacts).</p><p>This morning (July 20, as of time of writing), TSLQ reported having $15,674,160. Since the fund is a -1X fund, that means the fund needs a swap this morning before trading begins worth -$15,674,160.</p><p>Here as I’m typing this, TSLA is up 1.14%. That makes the value of the fund’s swap -$15,852,845. The liability that the swap represents got bigger because TSLA got bigger. If the swap had to settle right this moment, the easiest way to think about this is that cash will now need to go from TSLQ to the swap counterparty just to settle up. So $178,685 leaves, making the new AUM of the fund $15,495,475. Now the fund needs -$15,495,475 in swap exposure going into tomorrow, but it’s still got $15,852,845 sitting in the swap account! So what does it do? It tells the counterpart to lighten up the swap by $357,371. That’s the trade done by the swap counterparty to even out their book at the end of the day.</p><p><img src=\"https://static.tigerbbs.com/228096942fa23a9f15010978d80685ed\" tg-width=\"435\" tg-height=\"353\" referrerpolicy=\"no-referrer\"/></p><p>(NOTE: How swaps are technically accounted for on the books and how individual swaps are settled daily is itself a surprisingly complex topic. If you’re an insomniac, I’d start here with anInternational Swaps Dealers Association guide. I point this out to fend off the ‘but Dave!’ I’ll inevitably get because the above skips a dozen book entry steps to get to the rebal-trade number, which is what we really care about. Nothing brings out the truth like being wrong on the internet!)</p><p>Put another way, on a day that the underlying stock goes up, TSLQ has to be a net buyer, like clockwork. People’s brains break because it doesn’t matter what sign you put on the leverage factor; you’re still a net buyer. Imagine that AXS launched a 1.5X Bull Daily version of this fund. Instead of an inverse swap, the fund just sits on the cash and enters into a 1.5X swap.</p><p><img src=\"https://static.tigerbbs.com/6cf25829402f6003b0fb66806251a4df\" tg-width=\"432\" tg-height=\"346\" referrerpolicy=\"no-referrer\"/></p><p>In this case, the swap went in favor of our imaginary 1.5X Daily Bull, so the NAV of the fund went up, but that again means they have to get more exposure at the end of the day, which is the same as “lightening up” a negative exposure. That’s why we refer to all leveraged and inverse products with scheduled reset periods as “procyclical” — they (through the counterparty hedging) are always buyers on up days and sellers on down days.(None of this is a discovery, for what it’s worth.Pointing out the procyclicality of leveraged products is almost a closet industry in academic finance.)</p><h2>So What, Big Deal?</h2><p>This is a classic case of something that isn’t an issue until it is. With $15 million in assets, there’s absolutely no way TSLQ will influence the pricing of the $23 billion that changes hands of TSLA stock daily. TSLA regularly trades 3–4 million shares in the runup to the close. So we have to imagine a world where either one of these single-stock products absolutely moons or where there becomes a mismatch between the dollars in the ETP complex and the natural volume in the underlying stock. If, for example, TSLQ had 15 billion instead of 15 million, then the above trade would be about a quarter of a million shares into the close — a number that, if you know it’s coming, probably matters, especially if it’s every single day and always in the direction of that day’s performance. One has to imagine it’s exploitable. Mechanical trading nearly always is.</p><p>For now, we have a handful of products tracking extremely liquid underlying securities with low assets. The sky is most assuredly<i>not</i>falling. But imagine if these products existed in several flavors for every stock in the S&amp;P 500? What happens when a stock becomes a meme-darling, and the liquidity flows into the geared products out of proportion to the underlying stock? The short answer is, “more end-of-day volatility,” and the long answer is, “who knows, it’s not like anyone expected Roaring Kitty to blow up Gamestop.”</p></body></html>","source":"lsy1657246608114","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Math of Single-Stock ETF Rebalancing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Math of Single-Stock ETF Rebalancing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-25 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.etftrends.com/the-math-of-single-stock-etf-rebalancing/><strong>VettaFi</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With the launch of AXS Investments’ single-stock ETFs, there’s been a veritablemosh pitofnews coverage(thanks to the SEC dissing them on the way out the door) and public opinion. I thought it might be...</p>\n\n<a href=\"https://www.etftrends.com/the-math-of-single-stock-etf-rebalancing/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLQ":"2倍做空TSLA ETF-Tradr"},"source_url":"https://www.etftrends.com/the-math-of-single-stock-etf-rebalancing/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150857430","content_text":"With the launch of AXS Investments’ single-stock ETFs, there’s been a veritablemosh pitofnews coverage(thanks to the SEC dissing them on the way out the door) and public opinion. I thought it might be helpful for some folks to understand exactly what has to go on under the hood to keep these products doing what they say on the tin.First, a big fat caveat: Any daily reset leveraged or inverse product exposes you to volatility decay; if you hold it for more than one day — over a week or a month — you’ll do worse than you expect if the underlying asset is volatile and better than you expect if the underlying asset is trending and low vol. Here’sanother articleon that. This article is about what goes on inside the fund and how it impacts the underlying stock, in this case.Rather than use hypotheticals, let’s just look at the most popular of the new launches: the AXS TLSA Bear Daily ETF (TSLQ). Putting aside the rather cheeky nod to the TSLAQ short-selling/conspiracy movement, the fund is a great example of how these products will work.Back to BasicsWhen you buy TSLQ (or any other ETF), you’re not “putting money in” it. You’re buying shares of TSLQ on the open market from someone who has some shares they’re happy to sell you. Most often, this is a market maker either sitting on some amount of inventory or an authorized participant who can do a creation at the end of the day to make new shares to sell to you. If that happens (which it only does when there’s more demand than the market maker can naturally handle), it’s even easier for the TSLQ Authorized Participant than most because they simply put in the order to do a creation unit with a big chunk of cash. Overnight, they’ll magically receive new shares of TSLQ to cover any that they owe buyers like you.Put another way, creating new shares of TSLQ is much more like how new shares of a mutual fund are created — cash goes into the portfolio manager, which they then need to “put to work.” TSLQ is also super simple there because all it will ever hold is a giant slug of cash and a swap or two.The work here is just keeping the books up to date and calling up the swap counterparty (generally a big bank) to tell them to adjust the amount of the swap, so the fund gets the -100% exposure to TSLA that it’s targeting. Those swaps are essentially just daily bar bets. If TSLA goes down by 1%, TSLQ and the counterparty compare notes, and the swap counterparty slides $160,000 across the table. If it goes the other way, TSLQ is the one paying the bet. Tomorrow, the same game is played. The swap counterparty, since they’re on the hook to provide the bet, then goes out and gets whatever exposure they need so as not to have any real risk in the transaction. In this case, they short Tesla. So the risk moves from point A — the ETF investor, to point B — the swap counterparty.The truly paranoid could worry that there’s some exposure here to the swap counterparty going bankrupt in the middle of the day before the swap gets settled. Still, in practice, I’m unaware of any leveraged and inverse swap counterparty ever failing to settle. The worst-case scenario, however, is just the loss of one day’s returns, even if the swap counterparty just vanished into thin air. The cash is still sitting there on the books every day.The Procyclical RebalanceSo looking above, why does the cash balance not perfectly match the value of the swaps as of the close on July 19, which is what the above data suggests? Likely because this was in between the end-of-day NAV being struck and the new exposure being set for the following day.Every day, after the bar bet settles, each fund needs to reset the total value of the swaps so that tomorrow, if TSLA goes down by 1%, shareholders of TSLQ will go up by 1%. Here’s how I go about tracking that (something I got used to doing running up to Volmageddon when the VIX ETPs werehaving big impacts).This morning (July 20, as of time of writing), TSLQ reported having $15,674,160. Since the fund is a -1X fund, that means the fund needs a swap this morning before trading begins worth -$15,674,160.Here as I’m typing this, TSLA is up 1.14%. That makes the value of the fund’s swap -$15,852,845. The liability that the swap represents got bigger because TSLA got bigger. If the swap had to settle right this moment, the easiest way to think about this is that cash will now need to go from TSLQ to the swap counterparty just to settle up. So $178,685 leaves, making the new AUM of the fund $15,495,475. Now the fund needs -$15,495,475 in swap exposure going into tomorrow, but it’s still got $15,852,845 sitting in the swap account! So what does it do? It tells the counterpart to lighten up the swap by $357,371. That’s the trade done by the swap counterparty to even out their book at the end of the day.(NOTE: How swaps are technically accounted for on the books and how individual swaps are settled daily is itself a surprisingly complex topic. If you’re an insomniac, I’d start here with anInternational Swaps Dealers Association guide. I point this out to fend off the ‘but Dave!’ I’ll inevitably get because the above skips a dozen book entry steps to get to the rebal-trade number, which is what we really care about. Nothing brings out the truth like being wrong on the internet!)Put another way, on a day that the underlying stock goes up, TSLQ has to be a net buyer, like clockwork. People’s brains break because it doesn’t matter what sign you put on the leverage factor; you’re still a net buyer. Imagine that AXS launched a 1.5X Bull Daily version of this fund. Instead of an inverse swap, the fund just sits on the cash and enters into a 1.5X swap.In this case, the swap went in favor of our imaginary 1.5X Daily Bull, so the NAV of the fund went up, but that again means they have to get more exposure at the end of the day, which is the same as “lightening up” a negative exposure. That’s why we refer to all leveraged and inverse products with scheduled reset periods as “procyclical” — they (through the counterparty hedging) are always buyers on up days and sellers on down days.(None of this is a discovery, for what it’s worth.Pointing out the procyclicality of leveraged products is almost a closet industry in academic finance.)So What, Big Deal?This is a classic case of something that isn’t an issue until it is. With $15 million in assets, there’s absolutely no way TSLQ will influence the pricing of the $23 billion that changes hands of TSLA stock daily. TSLA regularly trades 3–4 million shares in the runup to the close. So we have to imagine a world where either one of these single-stock products absolutely moons or where there becomes a mismatch between the dollars in the ETP complex and the natural volume in the underlying stock. If, for example, TSLQ had 15 billion instead of 15 million, then the above trade would be about a quarter of a million shares into the close — a number that, if you know it’s coming, probably matters, especially if it’s every single day and always in the direction of that day’s performance. One has to imagine it’s exploitable. Mechanical trading nearly always is.For now, we have a handful of products tracking extremely liquid underlying securities with low assets. The sky is most assuredlynotfalling. But imagine if these products existed in several flavors for every stock in the S&P 500? What happens when a stock becomes a meme-darling, and the liquidity flows into the geared products out of proportion to the underlying stock? The short answer is, “more end-of-day volatility,” and the long answer is, “who knows, it’s not like anyone expected Roaring Kitty to blow up Gamestop.”","news_type":1,"symbols_score_info":{"TSLQ":0.9}},"isVote":1,"tweetType":1,"viewCount":535,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}