Spring Cleaning: How I Manage My Portfolio And 3 Fantastic Dividend Stocks

seekingalpha04-16

Spring is a good time for investors to review and clean up their portfolios, according to The Wall Street Journal.Key areas to focus on include aligning goals and investment strategy, maintaining ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2427405847?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1225782368/image_1225782368.jpg","is_english":true,"pubTime":"2024-04-16 19:00","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2427405847","market":"us","top_or_hot":-1,"title":"Spring Cleaning: How I Manage My Portfolio And 3 Fantastic Dividend Stocks","media":"seekingalpha","content":"<div>\n<p>Spring is a good time for investors to review and clean up their portfolios, according to The Wall Street Journal.Key areas to focus on include aligning goals and investment strategy, maintaining ...</p>\n\n<a href=\"https://seekingalpha.com/article/4683966-how-i-manage-my-portfolio-3-fantastic-dividend-stocks\">Source Link</a>\n\n</div>\n","source":"seekingalpha","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>Spring Cleaning: How I Manage My Portfolio And 3 Fantastic Dividend Stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSpring Cleaning: How I Manage My Portfolio And 3 Fantastic Dividend Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-16 19:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4683966-how-i-manage-my-portfolio-3-fantastic-dividend-stocks><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Spring is a good time for investors to review and clean up their portfolios, according to The Wall Street Journal.Key areas to focus on include aligning goals and investment strategy, maintaining ...</p>\n\n<a href=\"https://seekingalpha.com/article/4683966-how-i-manage-my-portfolio-3-fantastic-dividend-stocks\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BJJMRX11.SGD","symbol_name":"Janus Henderson Balanced A Acc SGD","start_time":0,"source_url":"https://seekingalpha.com/article/4683966-how-i-manage-my-portfolio-3-fantastic-dividend-stocks","article_id":"2427405847","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1225782368/image_1225782368.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2427405847","pubTimestamp":1713265200,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Going back to The Wall Street Journal article, Laurence Strauss made the case that spring offers an opportunity for investors to conduct a thorough review and cleanup of their portfolios. The Wall Street Journal While I believe we should always be on top of what goes on in our portfolios instead of \"neglecting\" them, like some household chores, it's a good time to review our portfolios. Hence, the article highlighted four areas that could require some attention. Aligning Goals And Investment Strategy This sounds obvious. However, it's not. According to the WSJ, financial professionals stress the significance of aligning investment portfolios with both short-term and long-term financial goals. For example, a portfolio designed to fund a child's education may adopt a more aggressive approach, while one focused on retirement may prioritize stability with investment-grade bonds and dividend stocks. Again, this sounds very obvious, and I doubt many of my readers will make these mistakes. I ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","ELS":"宜居生活资产信托","BK4212":"包装食品与肉类","BK7084":"电子设备和仪器","SG9999001077.SGD":"United International Growth Fund SGD","BK4215":"住宅房地产投资信托","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","MCD":"麦当劳","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","BK4228":"单户式住宅房地产信托","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4209":"餐馆","BK4566":"资本集团","BK4524":"宅经济概念","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4559":"巴菲特持仓","BK7016":"应用软件","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","BK4588":"碎股","BK4550":"红杉资本持仓","MCO":"穆迪","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","BK4581":"高盛持仓","BK4504":"桥水持仓","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","CFA.SI":"NikkoAM-STC Asia REIT","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","BK4112":"金融交易所和数据","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC","BK4548":"巴美列捷福持仓","ELS.AU":"ELSIGHT LTD","CAG.AU":"CAPE RANGE LTD","CAG":"康尼格拉","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LW":"Lamb Weston Holdings, Inc."},"translate_title":"春季大扫除：我如何管理我的投资组合和3只神奇的股息股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MCO":1,"MCD":1,"LW":1,"ELS.AU":1,"ELS":1,"CAG.AU":1,"CAG":1,"CFA.SI":0.9},"content_text":"Spring is a good time for investors to review and clean up their portfolios, according to The Wall Street Journal.Key areas to focus on include aligning goals and investment strategy, maintaining asset allocation through rebalancing, managing fees and expenses, and reviewing estate planning.I present three potential dividend (growth) stocks I expect to outperform the market.   Webfluential/DigitalVision via Getty Images Introduction It's finally spring, the best time of the year - I think! Plants start to grow again, we can go outside more, and we're looking at a new baseball season of 162 regular games + playoffs. In the future, I'll write an article on the comparisons between the stock market and Major League Baseball. It's not as silly as you may think. Although it's officially spring since March 19, the weather is just now starting to turn favorable where I live (the Netherlands). According to official data, April is the first month with average surface temperatures close to 10C (that's 50F). Next month, we'll likely look at average temperatures closer to 15C (59F). World Bank Group So, what has any of this to do with investing? Absolutely nothing. Well, except that I just found a great article from The Wall Street Journal titled \"Four Steps To Take When Spring Cleaning Your Portfolio.\"  In this article, I'll discuss the key findings and explain how I'm implementing them in my personal strategy. After that, I'll present three stocks on my watchlist that I'm closely watching for potential investments in the months ahead. In fact, one of them was recently added to a family account. On top of that, I got many requests from readers to write more articles that included more than one stock. Articles that combine \"big picture\" stuff with actionable ideas (like this article). Please let me know if you would like to see that as well, as I'm trying to rebalance my article content a bit. Spring Cleaning! Going back to The Wall Street Journal article, Laurence Strauss made the case that spring offers an opportunity for investors to conduct a thorough review and cleanup of their portfolios. The Wall Street Journal While I believe we should always be on top of what goes on in our portfolios instead of \"neglecting\" them, like some household chores, it's a good time to review our portfolios. Hence, the article highlighted four areas that could require some attention. Aligning Goals And Investment Strategy This sounds obvious. However, it's not. According to the WSJ, financial professionals stress the significance of aligning investment portfolios with both short-term and long-term financial goals. For example, a portfolio designed to fund a child's education may adopt a more aggressive approach, while one focused on retirement may prioritize stability with investment-grade bonds and dividend stocks. Again, this sounds very obvious, and I doubt many of my readers will make these mistakes. I cannot imagine a retired investor depending on income selling his dividend stocks to pile his cash into growth stocks. However, it's small changes that matter. I have seen countless people make many small changes that eventually ended up ruining their portfolios. Yes, really. I started with just five dividend stocks. I gradually added stocks throughout the years. However, I sometimes felt that I was too focused on a certain area. This can be caused by very specific circumstances. To give you an example, when one of the companies I worked for was close to being dissolved, I started to become much more careful and mainly focused on higher-yielding income stocks. Thankfully, I didn't go all-in on high-yield, but I noticed that the outlook of making less money pushed me in the direction of higher-yielding stocks. Especially if you're an investor who avoids ETFs, please make sure you're still following the strategy you decided was right for you. Or, even better, take some time and rethink your strategy. Is your strategy still valid?   Finance Strategists Maybe you're close to retirement and may have to make some adjustments. Or maybe you're a college student who will soon get a gradual income. All of these life-changing situations warrant a very close look at our strategies. 2. Maintaining Asset Allocation Through Rebalancing Market fluctuations can skew the balance between stocks and bonds, which makes it important to conduct periodic rebalancing moves. Hence, Yung-Yu Ma, chief investment officer at BMO Wealth Management, makes the case for rebalancing to mitigate excessive risk exposure, especially in volatile market conditions.   Invest.net I agree 100% and would add one more thing: also be aware of the exposure differences between stocks (not just stocks versus bonds). As I have zero bond exposure and just 20 individual stocks, this is a very important topic for me. Personally, I don't sell stocks. Even if one company performs well, I won't sell it. What I do is buy more stock of companies that do not perform so well. If they are part of my portfolio, it means I trust them and will use stock price declines to expand my exposure. That way, I keep a balanced portfolio. The main risk here is my expertise in picking good stocks. If I were to buy poor performers, I could end up with a portfolio filled with underperformers. 3. Managing Fees And Expenses Jonathan Treussard, founder of Treussard Capital Management, advises investors to scrutinize fund expenses. This makes sense, as understanding the impact of fees on investment performance is crucial, with actively managed funds typically having higher expenses compared to passive funds. As I'm not an advisor, I cannot tell you what to do. However, I can tell you what I am looking for:  I do not invest in ETFs. If I did, I would not pay an expense ratio of more than 0.1% for well-diversified index funds. Luckily, if you're American, you can buy some fantastic ETFs with extremely low expense ratios. Some actively managed ETFs have higher expense ratios. However, make sure that these fees are worth it. Too many investors ignore the total expense ratio and overspend on underperforming actively managed ETFs. Do not use expensive brokers. I have two brokers. I believe the most I pay in annual fixed fees is $20-$30 (service costs, etc.). I would never sign up for a broker that charges me as if I were investing in a fund. Investors should keep an eye on subscriptions. My personal situation is different, as I require a lot of data to do research. Hence, this is (by far) my biggest expense category. In general, I believe that paying for good info can be a terrific investment. Cutting expenses to the bone can have very negative consequences. If I did that, I would be irrelevant within a month.  The Balance Essentially, my point is that we need to re-assess our costs. Overpaying for stuff is easy. Especially in investing, every penny counts. After all, $1 compounded at 10% per year is $2.60 after ten years. 4. Estate Planning Review This does not yet apply to me, as I have already taken care of these issues last year. However, Keven DuComb, senior financial planning and estate specialist at Altfest Personal Wealth Management, pointed out the importance of reviewing designated beneficiaries and fiduciary roles in estate planning. Moreover, he makes the case that verifying the correct titling of assets to trusts can prevent complications during estate administration. Again, the four points above may sound very obvious if you're a seasoned investor. Nonetheless, based on my experience, I believe these are crucial things for the average investor to keep in mind. Three Stocks I'm Watching/Buying On April 12, I wrote an article on my portfolio (after more than a year). In that article, I highlighted my current investments and the fact that I'm looking to add a few stocks. Well, as part of spring cleaning, I polished my watchlist in order to be prepared to capitalize on a potential market correction. Data by YCharts Currently, the market is just 2.4% below its all-time high. However, on average, the market sells off more than 10% at least 1.2x each year. Covenant Wealth Advisors Especially with the market trading at 21x earnings (a top-three valuation since at least the mid-1990s), I am very careful when it comes to putting money to work. JPMorgan With that in mind, three stocks are highlighted on my watchlist. One of them is already part of a family portfolio, while the other two are among my all-time favorite dividend stocks (that I do not yet own). As always, I will add links to Seeking Alpha articles in case readers want more info on my picks. Lamb Weston (LW) - Dividend Growth With French Fries Article: Over 20% Crash, 60% Upside? A Deep Dive Into Lamb Weston's Dividend Potential.  Odds are you like French fries. Why? That's because (almost) everyone does. The favorite food of every generation is French fries! Lamb Weston Holdings Lamb Weston produces a lot of fries. In fact, it's the leading supplier of McDonald's (MCD). 13% of LW's sales go to McDonald's, which is one of its many customers. LW sells fries in more than 100 nations using 27 factories and north of 10,000 employees. Lamb Weston Holdings Believe it or not, the highly saturated fries industry is still full of opportunities. Even developed markets like the United States are still seeing consistent single-digit annual volume growth. Growth in emerging markets is much higher. These markets also have an elevated fry order frequency (people answering \"yes\" to the question \"Do you want fries with that?\") Lamb Weston Holdings It's also a company with a strong focus on shareholders. After hiking its dividend by 28.6% on December 14, 2023, it currently pays $0.36 per share per quarter. This translates to a yield of roughly 1.8%. Data by YCharts The company currently has a 26% payout ratio, which is at the lower bound of its 25-35% target range. This month, we started buying LW for a family account, as we have watched the stock for a while. Now, we got (what could be) the perfect opportunity, as its most recent earnings caused a significant sell-off. While the stock is suffering from consumer weakness, the main reason for its sell-off was the switch of its enterprise resource planning system, which resulted in missed orders and a steep temporary decline in sales. As a result, LW currently trades at a blended P/E ratio of 14.7x, which is below its normalized P/E ratio of 24.6x. FAST Graphs This is what I wrote in my prior article (as the price is roughly the same, it still applies): Although I wouldn't apply a 24.6x multiple here, I believe a lower 18x multiple is appropriate for these growth rates. This would imply a fair price target of roughly $131. That's 60% above the current price. Although LW does not have a multi-decade dividend growth history (it's a spin-off from Conagra Brands (CAG)), I have started to like the value a lot and believe it could be a terrific compounder in the defensive consumer space. For full transparency, please note that I won't disclose an LW position. Although it's in a family account, I do not benefit from it financially. Equity LifeStyle Properties (ELS) - Safety, Growth & Income Article: Building Wealth: Why Equity LifeStyle Properties Is The Perfect REIT For Me. Equity LifeStyle Properties is one of my favorite REITs. The company is the perfect mix of safety, growth, and income. Founded in 1969, the company owns 451 properties in 35 states and one Canadian province. These properties cover more than 172 thousand sites of manufactured housing communities, RV communities, and marinas. Equity LifeStyle Properties The company benefits tremendously from ongoing housing shortages (as I wrote in this article). MH communities are not the \"trailer parks\" you may know from movies, but are often high-quality communities with a lot of amenities that attract retirees and everyone looking for affordable housing. The average MH has a 71% lower monthly cost than the average single-family home. Equity LifeStyle Properties This brings a lot of stability to the table, as retirees have often low-risk incomes. Since 2006, ELS has grown its dividend by 21% per year. Equity LifeStyle Properties Even better, the company, which currently yields 3.1%, has grown its dividend by 13.6% per over the past ten years. During this period, it has returned more than 15% per year (dividends + capital gains), beating almost all major REITs. Equity LifeStyle Properties Valuation-wise, ELS has traded well above its normal valuation for many years, as it has a perfect business model that allows for consistent, low-risk compounding. Lucky for investors on the sidelines, the current macroeconomic environment of sticky inflation and elevated rates has pressured REITs (in general). Currently, ELS trades at a blended P/AFFO (adjusted funds from operations) ratio of 25.6x. This is above its normalized multiple of 24.4x, but well below its recent peak. FAST Graphs I believe this stock becomes a fantastic buy on 5-10% more weakness, which is why I'm watching this stock almost daily. Moody's Corporation (MCO) - A $12 Trillion Opportunity Article: Moody's Poised To Benefit From A Diversified Business Model. I like financial stocks, especially when we're dealing with companies that have a wide-moat business model with increasing recurring revenue. Moody's is one of these companies. In fact, it's one of the three largest agencies that provide companies with ratings to create transparency in the investor world. According to Investopedia, Moody's and Standard & Poor's control roughly 90% of the U.S. rating market. While the current environment of elevated rates is not necessarily healthy for a finance sector reliant on cheap debt, there are plenty of opportunities for Moody's. For example, as of January 2024, we're looking at $12 trillion in debt maturities over the next five years. That's 11% higher compared to January of 2023! Not only does this mean that we quickly need to see lower rates in order to avoid tremendous economic pressure on companies that may have to refinance at much higher rates, but it also shows that the rating demand is extremely high.   S&P Global On top of that, the company has growth initiatives that include expanding Moody's Local, developing teams in digital finance and private credit, and enhancing its CreditView research service with over 12,000 unrated entities. It also has an efficient Orbis system, and it plans to invest $60 million in Generative AI capabilities this year to improve its technology services. While its 0.9% dividend yield is nothing to write home about, it comes with a 31% payout ratio, 14 consecutive annual hikes, and a 5-year CAGR Of 11.7%. Data by YCharts Even better, although it hasn't been a great source of income, the stock has returned 13.6% annually since 2004. Over the past ten years, it has returned 17.6% per year. The bad news is that MCO is not cheap. That's why it's on my watchlist instead of my portfolio. However, like the other two picks, I'm watching MCO almost daily, as I would like to buy it on weakness. MCO currently trades at a blended P/E ratio of 37.3x, which is a mile above its normalized P/E ratio of 23.1x. It's even above its five-year normalized P/E ratio of 30.0x. FAST Graphs The good news is that analysts expect the company to grow EPS by 16% in both 2025 and 2026, after potentially growing by 8% in 2024. Hence, I believe that a 30x multiple is appropriate as long as MCO proves it has a great business model capable of outperforming growth in a highly fragmented sector. I give MCO a long-term Buy rating but would prefer to buy it below $340. That's the level I'm currently watching. Given my view on the market, I think the odds are in my favor. Takeaway As spring breathes new life into the world, it's not just nature that could use a little sprucing up. Just as we tidy our homes during this season of renewal, it's a great time to give our investment portfolios a thorough spring cleaning. From aligning our goals with our investment strategies to scrutinizing fees and expenses, there are several areas deserving of our attention. Remember, even the smallest adjustments can make a big difference in the long run. In the spirit of spring cleaning, I've polished my watchlist and identified three stocks that have caught my eye: Lamb Weston: With its dominant position as a supplier to McDonald's and a focus on shareholder value, Lamb Weston presents an enticing opportunity, especially after a recent earnings-related sell-off. Equity LifeStyle Properties: Offering a mix of safety, growth, and income, ELS stands out in the REIT sector with its stable business model and consistent dividend growth. Moody's Corporation: Despite its current premium valuation, Moody's potential to capitalize on a growing debt market and its commitment to technological innovation make it a stock worth watching closely. Going forward, I will share a lot more watchlist picks.  So, stay tuned!","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2427405847"}