navoyhot personal page - To The Moon

navoyhot

navoyhot

tech enthusiast

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2023-04-06

Happy holidays

Reminder: Holiday Trading Hours during Easter

2022-07-22

or write short on property,short on treasury, short on euro, short on yen etf or options

QQQ vs. QQQM vs. QQQJ: What To Expect From The Big 3 Nasdaq ETFs

2022-05-04

Bearish asset price

Federal Reserve Poised for First 50bp Rate Hike in 22 Years: FOMC Preview

2021-03-30

buy buy warren

Small-cap value stocks still look cheap even after big rally, two fund managers say

2022-07-22

can write on sqqq etf?

Sorry, the original content has been removed

2022-06-30

the main rhino in grey is inventory sale ratio

Amazon Is Not Alibaba In This Correction Phase

2022-05-04

Bear

Federal Reserve Poised for First 50bp Rate Hike in 22 Years: FOMC Preview

2021-04-18

4.5% of GDP not bad

Taiwan's Drought Poses Additional Threat To Looming Global Chip Crisis: WSJ

2021-03-30

rise be a value stock

Coursera: The Education Disruptor Goes Public

2021-03-20

government pressure

Facebook rose more than 4%

2023-08-17

See if Chinese money flock to US or interest rate increase further

Is Nvidia Stock a Buy Now?

2021-07-10

awesome

Sorry, the original content has been removed

2021-04-12

ok

JPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week

2021-04-11

good

Sorry, the original content has been removed

2023-09-04

🎉🎉💜🌸⭐ 🎉🎉💜🌸⭐ 🎉Amazing ⭐ 🎉 ⭐ 🎉🎉💜🌸⭐ 🎉🎉💜🌸⭐

Singapore Central Bank Chief Menon to Retire; Chia Is Successor

2023-06-28

with all bankers central painting gloomy picture

This New Bull Market Is Just Getting Started. Buy Stocks on Weakness

2021-05-25

shoppee

Sea Limited Is Ready To Fire On All Cylinders

2021-04-13

last year March is the best entry point, now ...cannot short

Why Bitcoin Fundamentals Depict A Healthy Bull Market: Cathie Wood's ARK Invest Report

2021-04-12

save the earth ?

Biden Boosts Health, Education in $1.52 Trillion Budget Request

2021-03-18

interesting

LIVE MARKETS-U.S. Stocks end green after Powell presser

Go to Tiger App to see more news

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company","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/314557251989800","repostId":"1106328198","repostType":2,"repost":{"id":"1106328198","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":1717763736,"share":"https://ttm.financial/m/news/1106328198?lang=&edition=fundamental","pubTime":"2024-06-07 20:35","market":"us","language":"en","title":"Pre-Bell｜Futures Fell as Nonfarm Payrolls More Than Expected","url":"https://stock-news.laohu8.com/highlight/detail?id=1106328198","media":"Tiger Newspress","summary":"U.S. stock index futures were little changed on Friday, as investors awaited a crucial employment report for confirmation of growing slackness in the U.S. labor 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of a scheduled YouTube channel livestream by investor Keith Gill, also known as Roaring Kitty, later Friday. GameStop also reported a quarterly adjusted loss of 12 cents a share, slightly narrower than the loss of 14 cents recorded a year prior.</p><p style=\"text-align: start;\"><strong>Mission Produce</strong> soared 9.1% after the avocado distributor posted quarterly revenue up 35% from a year ago and filed adjusted earnings per share of 14 cents, while Wall Street expected a loss of 3 cents.</p><p style=\"text-align: start;\"><strong>Vail Resorts</strong> fell 7.6% following the mountain-resorts operator’s earnings report, which missed quarterly estimates and slashed full-year guidance.</p><p style=\"text-align: start;\"><strong>DocuSign</strong> slid 7% even after electronic-signature company posted April-quarter earnings that edged Street estimates and inched up its full-year guidance.</p><p style=\"text-align: start;\"><strong>Samsara</strong> dropped 7% despite the asset-tracking software provider reporting better-than-expected quarterly earnings and guidance.</p><h2 id=\"id_1288056626\">Market News</h2><p><strong>Palantir CEO Alex Karp Talks AI and the Company&#39;s &#39;Crucial Role&#39; in War</strong></p><p>At AIPCon, a special invitation-only event hosted by <a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies</a>, CEO Alex Karp laid out how the company can apply lessons learned in the context of war to drive business and productivity growth.</p><p>Karp emphasized that its relationship with the US government continues: The US Department of Defense recently disclosed a five-year $480 million contract with Palantir to work on a project known as Maven to develop a smart system that will provide warfighters and intelligence analysts with faster and more accurate information on the battlefield for tasks such as identifying enemy targets.</p><p><strong>TSMC Posts Revenue NT$229.62 Billion in May, up 30.1% YoY</strong></p><p><a href=\"https://laohu8.com/S/TSM\">TSMC </a> today announced its net revenue for May 2024: On a consolidated basis, revenue for May 2024 was approximately NT$229.62 billion, a decrease of 2.7 percent from April 2024 and an increase of 30.1 percent from May 2023.</p><p>Revenue for January through May 2024 totaled NT$1,058.29 billion, an increase of 27.0 percent compared to the same period in 2023.</p><p><strong>Trade US Stocks 24/5 with Tiger Trade!</strong></p><p><img src=\"https://community-static.tradeup.com/news/cb2a68ea7a1c0e44eb3c83005b3fcbbc\" alt=\"\"/></p><p><br/></p><p></p><p><br/></p><p><br/><br/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜Futures Fell as Nonfarm Payrolls More Than Expected</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\">\nPre-Bell｜Futures Fell as Nonfarm Payrolls More Than Expected\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\">2024-06-07 20:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The U.S. economy added far more jobs than expected in May, countering fears of a slowdown in the labor market and likely reducing the Federal Reserve’s impetus to lower interest rates.</p><p>Nonfarm payrolls expanded by 272,000 for the month, up from 165,000 in April and well ahead of the Dow Jones consensus estimate for 190,000.</p><h2 id=\"id_727646980\">Market Snapshot</h2><p>At 8:35 a.m. ET, Dow e-minis were down 150 points, or 0.39%, S&amp;P 500 e-minis were down 20 points, or 0.37%, and Nasdaq 100 e-minis were up 52.75 points, or 0.28%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f7981d760765653215a8aabdc7cbbd14\" tg-width=\"282\" tg-height=\"136\"/></p><p></p><h2 id=\"id_3504976321\">Pre-Market Movers</h2><p>Videogame retailer <strong>GameStop</strong> and movie-theater chain <strong>AMC</strong> Entertainment Holdings were down 15% and 9.8%, respectively, ahead of a scheduled YouTube channel livestream by investor Keith Gill, also known as Roaring Kitty, later Friday. GameStop also reported a quarterly adjusted loss of 12 cents a share, slightly narrower than the loss of 14 cents recorded a year prior.</p><p style=\"text-align: start;\"><strong>Mission Produce</strong> soared 9.1% after the avocado distributor posted quarterly revenue up 35% from a year ago and filed adjusted earnings per share of 14 cents, while Wall Street expected a loss of 3 cents.</p><p style=\"text-align: start;\"><strong>Vail Resorts</strong> fell 7.6% following the mountain-resorts operator’s earnings report, which missed quarterly estimates and slashed full-year guidance.</p><p style=\"text-align: start;\"><strong>DocuSign</strong> slid 7% even after electronic-signature company posted April-quarter earnings that edged Street estimates and inched up its full-year guidance.</p><p style=\"text-align: start;\"><strong>Samsara</strong> dropped 7% despite the asset-tracking software provider reporting better-than-expected quarterly earnings and guidance.</p><h2 id=\"id_1288056626\">Market News</h2><p><strong>Palantir CEO Alex Karp Talks AI and the Company&#39;s &#39;Crucial Role&#39; in War</strong></p><p>At AIPCon, a special invitation-only event hosted by <a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies</a>, CEO Alex Karp laid out how the company can apply lessons learned in the context of war to drive business and productivity growth.</p><p>Karp emphasized that its relationship with the US government continues: The US Department of Defense recently disclosed a five-year $480 million contract with Palantir to work on a project known as Maven to develop a smart system that will provide warfighters and intelligence analysts with faster and more accurate information on the battlefield for tasks such as identifying enemy targets.</p><p><strong>TSMC Posts Revenue NT$229.62 Billion in May, up 30.1% YoY</strong></p><p><a href=\"https://laohu8.com/S/TSM\">TSMC </a> today announced its net revenue for May 2024: On a consolidated basis, revenue for May 2024 was approximately NT$229.62 billion, a decrease of 2.7 percent from April 2024 and an increase of 30.1 percent from May 2023.</p><p>Revenue for January through May 2024 totaled NT$1,058.29 billion, an increase of 27.0 percent compared to the same period in 2023.</p><p><strong>Trade US Stocks 24/5 with Tiger Trade!</strong></p><p><img src=\"https://community-static.tradeup.com/news/cb2a68ea7a1c0e44eb3c83005b3fcbbc\" alt=\"\"/></p><p><br/></p><p></p><p><br/></p><p><br/><br/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106328198","content_text":"The U.S. economy added far more jobs than expected in May, countering fears of a slowdown in the labor market and likely reducing the Federal Reserve’s impetus to lower interest rates.Nonfarm payrolls expanded by 272,000 for the month, up from 165,000 in April and well ahead of the Dow Jones consensus estimate for 190,000.Market SnapshotAt 8:35 a.m. ET, Dow e-minis were down 150 points, or 0.39%, S&P 500 e-minis were down 20 points, or 0.37%, and Nasdaq 100 e-minis were up 52.75 points, or 0.28%.Pre-Market MoversVideogame retailer GameStop and movie-theater chain AMC Entertainment Holdings were down 15% and 9.8%, respectively, ahead of a scheduled YouTube channel livestream by investor Keith Gill, also known as Roaring Kitty, later Friday. GameStop also reported a quarterly adjusted loss of 12 cents a share, slightly narrower than the loss of 14 cents recorded a year prior.Mission Produce soared 9.1% after the avocado distributor posted quarterly revenue up 35% from a year ago and filed adjusted earnings per share of 14 cents, while Wall Street expected a loss of 3 cents.Vail Resorts fell 7.6% following the mountain-resorts operator’s earnings report, which missed quarterly estimates and slashed full-year guidance.DocuSign slid 7% even after electronic-signature company posted April-quarter earnings that edged Street estimates and inched up its full-year guidance.Samsara dropped 7% despite the asset-tracking software provider reporting better-than-expected quarterly earnings and guidance.Market NewsPalantir CEO Alex Karp Talks AI and the Company's 'Crucial Role' in WarAt AIPCon, a special invitation-only event hosted by Palantir Technologies, CEO Alex Karp laid out how the company can apply lessons learned in the context of war to drive business and productivity growth.Karp emphasized that its relationship with the US government continues: The US Department of Defense recently disclosed a five-year $480 million contract with Palantir to work on a project known as Maven to develop a smart system that will provide warfighters and intelligence analysts with faster and more accurate information on the battlefield for tasks such as identifying enemy targets.TSMC Posts Revenue NT$229.62 Billion in May, up 30.1% YoYTSMC  today announced its net revenue for May 2024: On a consolidated basis, revenue for May 2024 was approximately NT$229.62 billion, a decrease of 2.7 percent from April 2024 and an increase of 30.1 percent from May 2023.Revenue for January through May 2024 totaled NT$1,058.29 billion, an increase of 27.0 percent compared to the same period in 2023.Trade US Stocks 24/5 with Tiger Trade!","news_type":1},"isVote":1,"tweetType":1,"viewCount":212,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314216713548072,"gmtCreate":1717733513650,"gmtModify":1717733517390,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"decoupling stimulation","listText":"decoupling stimulation","text":"decoupling stimulation","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/314216713548072","repostId":"2441264797","repostType":2,"repost":{"id":"2441264797","kind":"highlight","pubTimestamp":1717725830,"share":"https://ttm.financial/m/news/2441264797?lang=&edition=fundamental","pubTime":"2024-06-07 10:03","market":"sg","language":"en","title":"The Share Price of This Singapore Blue-Chip Stock is Up More Than 75% Year-to-Date: Can it Continue to Soar?","url":"https://stock-news.laohu8.com/highlight/detail?id=2441264797","media":"The Smart Investor","summary":"We dive deep into this shipbuilding company to determine if it can continue its impressive run.","content":"<html><head></head><body><p><strong>Yangzijiang Shipbuilding Holdings</strong> (SGX: BS6), or YZJ, is on a roll this year.</p><p>The Chinese shipbuilder has seen its share price shoot up slightly more than 75% year-to-date to touch its all-time high of S$2.43.</p><p>This share price significantly exceeds the previous peak of S$1.47 achieved back in October 2007.</p><p>Can this blue-chip shipbuilder continue its fabulous run?</p><p>We dig deeper into its business to find out.</p><h2 id=\"id_699223660\">Stellar financials</h2><p>YZJ reported an impressive set of financials for 2023.</p><p>Revenue grew 16.5% year on year to RMB 24.1 billion with gross profit leaping by 69.2% year on year to RMB 5.4 billion.</p><p>The firm’s gross margin expanded by seven percentage points from 15.4% to 22.4%.</p><p>This revenue surge was contributed by the commencement of the construction of vessels of larger size along with improved pricing.</p><p>Net profit soared by 57% year on year to RMB 4.1 billion.</p><p>The Chinese shipbuilder also generated a positive free cash flow of RMB 7.2 billion, nearly double the RMB 3.7 billion that was churned out a year ago.</p><p>A final dividend of S$0.065 was declared and paid out, a 30% increase from the S$0.05 paid out in 2022.</p><h2 id=\"id_1158926010\">A growing order book</h2><p>YZJ’s growing order book is a clear testament to its ability to clinch contracts.</p><p>For 2023, the group reported an order win of US$7.05 billion, more than double its target of US$3 billion.</p><p>Back then, its outstanding order book stood at US$14.5 billion as of 31 December 2023.</p><p>For its latest business update for the first quarter of 2024 (1Q 2024), YZJ’s order win momentum has continued.</p><p>As of 24 May 2024, YZJ has clinched a total of US$3.3 billion of order wins, making up nearly three-quarters of its annual target.</p><p>Its order book now stands at a record US$16.08 billion.</p><p>YZJ’s order book trend is impressive, going from US$3.1 billion in 2020 to US$16.1 billion in 1Q 2024, more than five times higher.</p><p>As the group’s order book is a leading indicator as to how the business will perform, a larger order book will translate into better prospects.</p><h2 id=\"id_411332840\">Contracts for new vessel types</h2><p>The shipbuilder has been proactive in seeking out business for new vessel types to augment its order book.</p><p>These new vessels are in high demand and YZJ’s ability to construct them gives the group an edge over its competition.</p><p>Back in October 2022, the group clinched its maiden order for two liquefied natural gas (LNG) carriers.</p><p>The order, placed by a European customer, is scheduled to be delivered between 2025 to 2026.</p><p>YZJ recognised the changing landscape and the industry’s increased focus on green shipping and decided to pursue more contracts in this area.</p><p>In June 2023, the group secured its first order win for methanol dual-fuel containerships.</p><p>The contract, signed with shipping giant Maersk, involves the construction of six 9,000 TEU methanol dual-fuel containerships to be delivered between 2026 and 2027.</p><p>Green methanol is reported to reduce nitrogen oxide by around 45% and sulphur oxide by around 8% compared with conventional fuels.</p><p>Another six units of such containerships were secured in January this year for <a href=\"https://laohu8.com/S/1B6.SI\">Ocean</a> Network Express Pte Ltd to be delivered from 2027 onwards.</p><h2 id=\"id_3782948216\">Catalysts for further growth</h2><p>Management sees healthy demand for oil tankers and gas carriers that should fuel the group’s continued growth.</p><p>The containership market should see growth of 9.5% this year as shipping companies undertake fleet renewal.</p><p>LNG carriers should also see a compound annual growth rate (CAGR) of 3.6% by 2029, driven by the global energy transition to cleaner fuels along with major industrial coal-to-gas switching in China.</p><p>Crude oil tankers should also grow at a CAGR of 2.5% ill 2029 with catalysts being fleet renewal and longer sailing distances caused by geopolitical disruptions to shipping routes.</p><p>Finally, the liquefied petroleum gas (LPG) carrier market is projected to grow by 5.5% CAGR by 2029 boosted by strong growth in shale gas production coupled with rising demand for LPG for heating and ventilation.</p><p>The numerous catalysts outlined above should stand YZJ in good stead to continue clinching contracts and building its order book.</p><h2 id=\"id_63039988\">Get Smart: Cyclicality is a risk</h2><p>While the catalysts above point to better times ahead for YZJ, investors should note that the shipping industry is inherently cyclical.</p><p>Companies are ordering new ships now because of fleet renewal and strong demand that exceeds supply.</p><p>With new ships delivered, there is a risk that the cycle could turn and that supply will exceed demand.</p><p>Should this happen, ship values will decline and shipowners may default, thus affecting YZJ’s order-clinching ability and the collectability of debts.</p><p>A major economic or geopolitical event may also depress demand and result in shipping companies delaying new builds, thus posing another risk to YZJ.</p><p>Barring the above risks, prospects look bright for the group to continue growing its order book.</p></body></html>","source":"thesmartinvestor_highlight","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 Share Price of This Singapore Blue-Chip Stock is Up More Than 75% Year-to-Date: Can it Continue to Soar?</title>\n<style 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}\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 Share Price of This Singapore Blue-Chip Stock is Up More Than 75% Year-to-Date: Can it Continue to Soar?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-07 10:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/the-share-price-of-this-singapore-blue-chip-stock-is-up-more-than-50-year-to-date-can-it-continue-to-soar/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Yangzijiang Shipbuilding Holdings (SGX: BS6), or YZJ, is on a roll this year.The Chinese shipbuilder has seen its share price shoot up slightly more than 75% year-to-date to touch its all-time high of...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/the-share-price-of-this-singapore-blue-chip-stock-is-up-more-than-50-year-to-date-can-it-continue-to-soar/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK6027":"贸易公司与经销商","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","BK6065":"建筑机械与重型卡车","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","BK4588":"碎股","BK4144":"石油与天然气的储存和运输","BK6522":"化石燃料股","BK4159":"经销商","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","BK6504":"工业制品概念","LU0251142724.SGD":"Fidelity America A-SGD","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","BS6.SI":"扬子江船业"},"source_url":"https://thesmartinvestor.com.sg/the-share-price-of-this-singapore-blue-chip-stock-is-up-more-than-50-year-to-date-can-it-continue-to-soar/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2441264797","content_text":"Yangzijiang Shipbuilding Holdings (SGX: BS6), or YZJ, is on a roll this year.The Chinese shipbuilder has seen its share price shoot up slightly more than 75% year-to-date to touch its all-time high of S$2.43.This share price significantly exceeds the previous peak of S$1.47 achieved back in October 2007.Can this blue-chip shipbuilder continue its fabulous run?We dig deeper into its business to find out.Stellar financialsYZJ reported an impressive set of financials for 2023.Revenue grew 16.5% year on year to RMB 24.1 billion with gross profit leaping by 69.2% year on year to RMB 5.4 billion.The firm’s gross margin expanded by seven percentage points from 15.4% to 22.4%.This revenue surge was contributed by the commencement of the construction of vessels of larger size along with improved pricing.Net profit soared by 57% year on year to RMB 4.1 billion.The Chinese shipbuilder also generated a positive free cash flow of RMB 7.2 billion, nearly double the RMB 3.7 billion that was churned out a year ago.A final dividend of S$0.065 was declared and paid out, a 30% increase from the S$0.05 paid out in 2022.A growing order bookYZJ’s growing order book is a clear testament to its ability to clinch contracts.For 2023, the group reported an order win of US$7.05 billion, more than double its target of US$3 billion.Back then, its outstanding order book stood at US$14.5 billion as of 31 December 2023.For its latest business update for the first quarter of 2024 (1Q 2024), YZJ’s order win momentum has continued.As of 24 May 2024, YZJ has clinched a total of US$3.3 billion of order wins, making up nearly three-quarters of its annual target.Its order book now stands at a record US$16.08 billion.YZJ’s order book trend is impressive, going from US$3.1 billion in 2020 to US$16.1 billion in 1Q 2024, more than five times higher.As the group’s order book is a leading indicator as to how the business will perform, a larger order book will translate into better prospects.Contracts for new vessel typesThe shipbuilder has been proactive in seeking out business for new vessel types to augment its order book.These new vessels are in high demand and YZJ’s ability to construct them gives the group an edge over its competition.Back in October 2022, the group clinched its maiden order for two liquefied natural gas (LNG) carriers.The order, placed by a European customer, is scheduled to be delivered between 2025 to 2026.YZJ recognised the changing landscape and the industry’s increased focus on green shipping and decided to pursue more contracts in this area.In June 2023, the group secured its first order win for methanol dual-fuel containerships.The contract, signed with shipping giant Maersk, involves the construction of six 9,000 TEU methanol dual-fuel containerships to be delivered between 2026 and 2027.Green methanol is reported to reduce nitrogen oxide by around 45% and sulphur oxide by around 8% compared with conventional fuels.Another six units of such containerships were secured in January this year for Ocean Network Express Pte Ltd to be delivered from 2027 onwards.Catalysts for further growthManagement sees healthy demand for oil tankers and gas carriers that should fuel the group’s continued growth.The containership market should see growth of 9.5% this year as shipping companies undertake fleet renewal.LNG carriers should also see a compound annual growth rate (CAGR) of 3.6% by 2029, driven by the global energy transition to cleaner fuels along with major industrial coal-to-gas switching in China.Crude oil tankers should also grow at a CAGR of 2.5% ill 2029 with catalysts being fleet renewal and longer sailing distances caused by geopolitical disruptions to shipping routes.Finally, the liquefied petroleum gas (LPG) carrier market is projected to grow by 5.5% CAGR by 2029 boosted by strong growth in shale gas production coupled with rising demand for LPG for heating and ventilation.The numerous catalysts outlined above should stand YZJ in good stead to continue clinching contracts and building its order book.Get Smart: Cyclicality is a riskWhile the catalysts above point to better times ahead for YZJ, investors should note that the shipping industry is inherently cyclical.Companies are ordering new ships now because of fleet renewal and strong demand that exceeds supply.With new ships delivered, there is a risk that the cycle could turn and that supply will exceed demand.Should this happen, ship values will decline and shipowners may default, thus affecting YZJ’s order-clinching ability and the collectability of debts.A major economic or geopolitical event may also depress demand and result in shipping companies delaying new builds, thus posing another risk to YZJ.Barring the above risks, prospects look bright for the group to continue growing its order book.","news_type":1},"isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":313424336580816,"gmtCreate":1717541937680,"gmtModify":1717541941540,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/STI.SI\">$Straits Times Index(STI.SI)$&nbsp;</a><v-v data-views=\"0\"></v-v> QT and high Interest rate draw capital to the US","listText":"<a href=\"https://ttm.financial/S/STI.SI\">$Straits Times Index(STI.SI)$&nbsp;</a><v-v data-views=\"0\"></v-v> QT and high Interest rate draw capital to the US","text":"$Straits Times Index(STI.SI)$ QT and high Interest rate draw capital to the US","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/313424336580816","isVote":1,"tweetType":1,"viewCount":408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":299307759292504,"gmtCreate":1714099407467,"gmtModify":1714099411003,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"it is over its peak, see if low Interest rate helps or quantitative termination terminated","listText":"it is over its peak, see if low Interest rate helps or quantitative termination terminated","text":"it is over its peak, see if low Interest rate helps or quantitative termination terminated","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/299307759292504","isVote":1,"tweetType":1,"viewCount":320,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":299307498889280,"gmtCreate":1714099246197,"gmtModify":1714099250084,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"it may not return but will slowly thread below&nbsp;","listText":"it may not return but will slowly thread below&nbsp;","text":"it may not return but will slowly thread below","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/299307498889280","isVote":1,"tweetType":1,"viewCount":406,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":298356452495576,"gmtCreate":1713873458404,"gmtModify":1713873462120,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"soon, waiting for usd to weaken as a certainty","listText":"soon, waiting for usd to weaken as a certainty","text":"soon, waiting for usd to weaken as a certainty","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/298356452495576","isVote":1,"tweetType":1,"viewCount":345,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":296962767106224,"gmtCreate":1713529361952,"gmtModify":1713533365966,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"be nimble in everything, learn more from different analysts about the macroeconomic situation, never trust what the analysts says fully. Form your educated opinion, plan to lose before dreaming of win. Risk management is the emperor god","listText":"be nimble in everything, learn more from different analysts about the macroeconomic situation, never trust what the analysts says fully. Form your educated opinion, plan to lose before dreaming of win. Risk management is the emperor god","text":"be nimble in everything, learn more from different analysts about the macroeconomic situation, never trust what the analysts says fully. Form your educated opinion, plan to lose before dreaming of win. Risk management is the emperor god","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/296962767106224","isVote":1,"tweetType":1,"viewCount":355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":253993722269936,"gmtCreate":1703046921734,"gmtModify":1703046926202,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"Look at manufacturing companies over the world,&nbsp;revenue over the past 2 years is feeble at best and US interest rate is a strong dampening cause.","listText":"Look at manufacturing companies over the world,&nbsp;revenue over the past 2 years is feeble at best and US interest rate is a strong dampening cause.","text":"Look at manufacturing companies over the world, revenue over the past 2 years is feeble at best and US interest rate is a strong dampening cause.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/253993722269936","isVote":1,"tweetType":1,"viewCount":592,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":253992830382272,"gmtCreate":1703046797106,"gmtModify":1703046801091,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"Maybe the thing to observe before the mania is declared dead is to lookout for financial gold price. Which is highly linked to investor speculative urge","listText":"Maybe the thing to observe before the mania is declared dead is to lookout for financial gold price. Which is highly linked to investor speculative urge","text":"Maybe the thing to observe before the mania is declared dead is to lookout for financial gold price. Which is highly linked to investor speculative urge","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/253992830382272","isVote":1,"tweetType":1,"viewCount":708,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":253992779657456,"gmtCreate":1703046691604,"gmtModify":1703046695837,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"Best to avoid manufacturing companies this investment climate until interest rate inversion is fixed. Best to explore services industry due to booming travel and medical expenditure","listText":"Best to avoid manufacturing companies this investment climate until interest rate inversion is fixed. Best to explore services industry due to booming travel and medical expenditure","text":"Best to avoid manufacturing companies this investment climate until interest rate inversion is fixed. Best to explore services industry due to booming travel and medical expenditure","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/253992779657456","isVote":1,"tweetType":1,"viewCount":483,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":253991982108904,"gmtCreate":1703046560519,"gmtModify":1703046564742,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"Staying home to enjoy a peaceful Xmas to avoid the crowd foreseeable anywhere. Best to travel to southern hemisphere for a warm But not humid Xmas","listText":"Staying home to enjoy a peaceful Xmas to avoid the crowd foreseeable anywhere. Best to travel to southern hemisphere for a warm But not humid Xmas","text":"Staying home to enjoy a peaceful Xmas to avoid the crowd foreseeable anywhere. Best to travel to southern hemisphere for a warm But not humid Xmas","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/253991982108904","isVote":1,"tweetType":1,"viewCount":422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":253991107293376,"gmtCreate":1703046376430,"gmtModify":1703046380408,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"Never be a seller for options as the potential loss is greater than the premium you be receiving. Until the Internet rate inversion is fixed. It is good to park your money in savings account","listText":"Never be a seller for options as the potential loss is greater than the premium you be receiving. Until the Internet rate inversion is fixed. It is good to park your money in savings account","text":"Never be a seller for options as the potential loss is greater than the premium you be receiving. Until the Internet rate inversion is fixed. It is good to park your money in savings account","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/253991107293376","isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":253990633590976,"gmtCreate":1703046260780,"gmtModify":1703046264734,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"Probably need to observe the long term interest rate trend especially 10 year or longer bond price. If the 10 year bond price fell to new low. Then probably it will be a boost in the short term","listText":"Probably need to observe the long term interest rate trend especially 10 year or longer bond price. If the 10 year bond price fell to new low. Then probably it will be a boost in the short term","text":"Probably need to observe the long term interest rate trend especially 10 year or longer bond price. If the 10 year bond price fell to new low. Then probably it will be a boost in the short term","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/253990633590976","isVote":1,"tweetType":1,"viewCount":475,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":253990246445320,"gmtCreate":1703046176077,"gmtModify":1703046180127,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"It is better to stay away from bitcoin until there is&nbsp; the interest rate decreased for 3 times next year","listText":"It is better to stay away from bitcoin until there is&nbsp; the interest rate decreased for 3 times next year","text":"It is better to stay away from bitcoin until there is the interest rate decreased for 3 times next year","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/253990246445320","isVote":1,"tweetType":1,"viewCount":341,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":250174843568248,"gmtCreate":1702096791439,"gmtModify":1702096795601,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"Quiet year. Go for usd&nbsp;&nbsp;fixed deposit. Tried conservative things including Singapore bonds with CPF.","listText":"Quiet year. Go for usd&nbsp;&nbsp;fixed deposit. Tried conservative things including Singapore bonds with CPF.","text":"Quiet year. Go for usd fixed deposit. Tried conservative things including Singapore bonds with CPF.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/250174843568248","isVote":1,"tweetType":1,"viewCount":459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":245198912737504,"gmtCreate":1700887075924,"gmtModify":1700887079976,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"Interesting ai chips will be cheap in the near future","listText":"Interesting ai chips will be cheap in the near future","text":"Interesting ai chips will be cheap in the near future","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/245198912737504","repostId":"2385668082","repostType":2,"repost":{"id":"2385668082","kind":"highlight","pubTimestamp":1700833589,"share":"https://ttm.financial/m/news/2385668082?lang=&edition=fundamental","pubTime":"2023-11-24 21:46","market":"us","language":"en","title":"Nvidia: How Sam Altman Could Take Down This Tech Titan","url":"https://stock-news.laohu8.com/highlight/detail?id=2385668082","media":"InvestorPlace","summary":"Altman is the trusted head of the world’s most talented AI engineering team. He has Microsoft's full backing. And he wants to kill Nvidia.","content":"<html><head></head><body><ul style=\"\"><li><p>This drama at OpenAI has made clear that Altman is the trusted head of the world’s most talented, experienced, and driven AI engineering team in the world – the same team that built ChatGPT. He has the full backing of the world’s second biggest company in Microsoft. And he wants to kill Nvidia.</p></li></ul><ul style=\"\"><li><p>Altman was actively working to raise billions from some of the world’s largest investors for a new chip venture. <br/>Codenamed Project Tigris, this venture was aimed at creating AI chips to replace Nvidia’s chips.</p></li><li><p>To us, it is very likely that in the coming months, Altman’s Project Tigris and Microsoft’s Project Athena merge to create a brand-new custom AI chip project that could become the ultimate Nvidia rival.</p></li></ul><p>Recently, it’s become clear that nearly every Big Tech firm is working toward manufacturing their own AI chips. That’s why we’ve been worried about the world’s most dominant AI chipmaker, <strong>Nvidia</strong> (<strong><u>NVDA</u></strong>), for a few weeks now.</p><p>But this past weekend – amidst the drama at OpenAI – we realized the true reason why investors should move on NVDA stock. <strong>It’s Sam Altman.</strong> </p><p>Altman is the very-recently-ousted CEO of OpenAI. And it seems he was such a good CEO that, when his employees found out he was fired by the board of directors last Friday afternoon, over 90% of them signed a petition saying they would leave the company unless he was reinstated. </p><p>Now, as of this writing, Altman has been reinstated as OpenAI’s CEO. But this drama at OpenAI has made clear that Altman is the trusted head of the world’s most talented, experienced, and driven AI engineering team – the same team that built ChatGPT. He has the full backing of the world’s second biggest company in Microsoft.</p><p><strong><em>And he wants to kill Nvidia. </em></strong></p><h2 id=\"id_1610238541\">Going Toe-to-Toe With Nvidia</h2><p>Over the weekend, reports broke that in the weeks leading up to his ousting, Altman was actively working to raise billions from some of the world’s largest investors for a new chip venture. </p><p>Codenamed Project Tigris, this venture was aimed at creating AI chips to replace Nvidia’s chips. The concept behind it was to create a firm that mass-produced Tensor Processing Units (TPUs). Essentially, these chips are custom semiconductors specifically designed to handle high volume specialized AI workloads. </p><p>And importantly, TPUs are widely considered to be cheaper than Nvidia’s GPUs. </p><p>In other words, prior to his firing from OpenAI, Altman was trying to build a lower-cost competitor to Nvidia. </p><p><strong>And thanks to this boardroom drama, we think those efforts will likely be accelerated over the coming months. </strong></p><p>Since this saga began, Microsoft has made it very clear that it is 100% committed and loyal to Sam Altman. Altman wants to make a new chip company. Microsoft is already working on its own AI chips under Project Athena. </p><p>Altman apparently has billions in outside financing lined up. Microsoft has billions on its balance sheet. </p><p>It’s easy to connect these dots. </p><p><strong>To us, it is very likely that in the coming months, Projects Tigris and Athena merge to create a brand-new custom AI chip project that could become the ultimate Nvidia rival.</strong></p><h2 id=\"id_1268328703\">The Final Word</h2><p>As if Nvidia didn’t have enough to worry about already…</p><p>The U.S. is levying restrictions against sales to China. Titans Microsoft, <strong>Meta </strong>(<strong><u>META</u></strong>), <strong>Amazon </strong>(<strong><u>AMZN</u></strong>), and <strong>Alphabet </strong>(<strong><u>GOOGL</u></strong>) are all working on their own chip projects. And now a brand-new “super project” aimed at building custom AI chips will likely soon begin – if it hasn’t already. </p><p>The writing is on the wall here. </p><p><strong><em>Nvidia’s chokehold on the AI chips market is under attack from all sides.</em></strong></p><p>Does that mean Nvidia is dead? No – far from it. But it does likely mean that NVDA stock is dead because at current levels, the valuation demands perfection. And perfection doesn’t happen when you have so many new, strong competitors. </p><p>That means for us as AI stock investors, it is time to move on from NVDA.</p><p>And of course, we say that as early, longtime bulls on NVDA stock. But we just sold our NVDA stock position in our model portfolio for more than 1,000% returns. </p><p>It’s high time to move on to the next batch of AI superstar stocks that could nab us 1,000% returns over the next few years.</p></body></html>","source":"investorplace_stock_picks","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>Nvidia: How Sam Altman Could Take Down This Tech Titan</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\">\nNvidia: How Sam Altman Could Take Down This Tech Titan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-24 21:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/hypergrowthinvesting/2023/11/nvidia-how-sam-altman-could-take-down-this-tech-titan/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This drama at OpenAI has made clear that Altman is the trusted head of the world’s most talented, experienced, and driven AI engineering team in the world – the same team that built ChatGPT. He has ...</p>\n\n<a href=\"https://investorplace.com/hypergrowthinvesting/2023/11/nvidia-how-sam-altman-could-take-down-this-tech-titan/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU0528227936.USD":"富达环球人口趋势基金A-ACC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0109391861.USD":"富兰克林美国机遇基金A Acc","BK4592":"伊斯兰概念","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU0079474960.USD":"联博美国增长基金A","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4576":"AR","LU0061474960.USD":"天利环球焦点基金AU Acc","LU0494093205.USD":"贝莱德ESG灵活多元资产A2 USD-H","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4577":"网络游戏","BK4579":"人工智能","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","BK4574":"无人驾驶","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4573":"虚拟现实","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","NVDA":"英伟达","BK4581":"高盛持仓","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0690374961.EUR":"FUNDSMITH EQUITY \"R\" (EUR) INC","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU0690374615.EUR":"FUNDSMITH EQUITY \"R\" (EUR) ACC","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD"},"source_url":"https://investorplace.com/hypergrowthinvesting/2023/11/nvidia-how-sam-altman-could-take-down-this-tech-titan/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2385668082","content_text":"This drama at OpenAI has made clear that Altman is the trusted head of the world’s most talented, experienced, and driven AI engineering team in the world – the same team that built ChatGPT. He has the full backing of the world’s second biggest company in Microsoft. And he wants to kill Nvidia.Altman was actively working to raise billions from some of the world’s largest investors for a new chip venture. Codenamed Project Tigris, this venture was aimed at creating AI chips to replace Nvidia’s chips.To us, it is very likely that in the coming months, Altman’s Project Tigris and Microsoft’s Project Athena merge to create a brand-new custom AI chip project that could become the ultimate Nvidia rival.Recently, it’s become clear that nearly every Big Tech firm is working toward manufacturing their own AI chips. That’s why we’ve been worried about the world’s most dominant AI chipmaker, Nvidia (NVDA), for a few weeks now.But this past weekend – amidst the drama at OpenAI – we realized the true reason why investors should move on NVDA stock. It’s Sam Altman. Altman is the very-recently-ousted CEO of OpenAI. And it seems he was such a good CEO that, when his employees found out he was fired by the board of directors last Friday afternoon, over 90% of them signed a petition saying they would leave the company unless he was reinstated. Now, as of this writing, Altman has been reinstated as OpenAI’s CEO. But this drama at OpenAI has made clear that Altman is the trusted head of the world’s most talented, experienced, and driven AI engineering team – the same team that built ChatGPT. He has the full backing of the world’s second biggest company in Microsoft.And he wants to kill Nvidia. Going Toe-to-Toe With NvidiaOver the weekend, reports broke that in the weeks leading up to his ousting, Altman was actively working to raise billions from some of the world’s largest investors for a new chip venture. Codenamed Project Tigris, this venture was aimed at creating AI chips to replace Nvidia’s chips. The concept behind it was to create a firm that mass-produced Tensor Processing Units (TPUs). Essentially, these chips are custom semiconductors specifically designed to handle high volume specialized AI workloads. And importantly, TPUs are widely considered to be cheaper than Nvidia’s GPUs. In other words, prior to his firing from OpenAI, Altman was trying to build a lower-cost competitor to Nvidia. And thanks to this boardroom drama, we think those efforts will likely be accelerated over the coming months. Since this saga began, Microsoft has made it very clear that it is 100% committed and loyal to Sam Altman. Altman wants to make a new chip company. Microsoft is already working on its own AI chips under Project Athena. Altman apparently has billions in outside financing lined up. Microsoft has billions on its balance sheet. It’s easy to connect these dots. To us, it is very likely that in the coming months, Projects Tigris and Athena merge to create a brand-new custom AI chip project that could become the ultimate Nvidia rival.The Final WordAs if Nvidia didn’t have enough to worry about already…The U.S. is levying restrictions against sales to China. Titans Microsoft, Meta (META), Amazon (AMZN), and Alphabet (GOOGL) are all working on their own chip projects. And now a brand-new “super project” aimed at building custom AI chips will likely soon begin – if it hasn’t already. The writing is on the wall here. Nvidia’s chokehold on the AI chips market is under attack from all sides.Does that mean Nvidia is dead? No – far from it. But it does likely mean that NVDA stock is dead because at current levels, the valuation demands perfection. And perfection doesn’t happen when you have so many new, strong competitors. That means for us as AI stock investors, it is time to move on from NVDA.And of course, we say that as early, longtime bulls on NVDA stock. But we just sold our NVDA stock position in our model portfolio for more than 1,000% returns. It’s high time to move on to the next batch of AI superstar stocks that could nab us 1,000% returns over the next few years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":231263336034552,"gmtCreate":1697495154664,"gmtModify":1697495159642,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"Gold price is a good indicator for&nbsp;stock price","listText":"Gold price is a good indicator for&nbsp;stock price","text":"Gold price is a good indicator for stock price","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/231263336034552","repostId":"1112466060","repostType":2,"repost":{"id":"1112466060","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":1697463048,"share":"https://ttm.financial/m/news/1112466060?lang=&edition=fundamental","pubTime":"2023-10-16 21:30","market":"us","language":"en","title":"Dow Climbs 200 Points as Busy Earnings Week Kicks Off","url":"https://stock-news.laohu8.com/highlight/detail?id=1112466060","media":"Tiger Newspress","summary":"Stocks rose Monday as investors brace for a deluge of corporate earnings reports, while keeping an eye on Treasury yields. Earnings season heats up this week with 11% of the S&P 500 slated to report r","content":"<html><head></head><body><p>Stocks rose Monday as investors brace for a deluge of corporate earnings reports, while keeping an eye on Treasury yields.</p><p>The Dow Jones Industrial Average traded 210 points higher, or 0.6%. The S&amp;P 500 climbed 0.5%, and the Nasdaq Composite advanced 0.4%.</p><p style=\"text-align: start;\">Earnings season heats up this week with 11% of the S&amp;P 500 slated to report results. Some notable names on deck this week include Johnson &amp; Johnson, Bank of America, Netflix and Tesla.</p><p>LQR House shares rockets 160% after securing Von Payne Whiskey&#39;s presence on Costco.</p><p style=\"text-align: start;\">Those results follow a solid start to the reporting period. JPMorgan Chase, Wells Fargo and UnitedHealth rose Friday after posting their latest quarterly results.</p><p style=\"text-align: start;\">Some on Wall Street are bracing for more volatility into year end as yields and oil prices rise, inflation remains sticky, and conflict ensues in the Middle East. But a focus on earnings and what the Federal Reserve will do with interest rates can give investors optimism in the short term, according to Barclays analyst Ajay Rajadhyaksha.</p><p style=\"text-align: start;\">“We expect bonds/equities to range-trade near term,” Rajadhyaksha said in a note to clients Monday. “Bond volatility and Middle East tensions are a drag on risky assets, but should be offset by earnings and dovish Fedspeak.”</p><p style=\"text-align: start;\">Over the weekend, Israel’s military continued urging residents to evacuate northern Gaza amid a widely anticipated ground invasion. Meanwhile, U.S. Senate Majority Leader Chuck Schumer (D-N.Y.) said Sunday that the Senate would work to quickly push through a military aid package to assist Israel as it battles Hamas.</p><p style=\"text-align: start;\">Stocks are coming off a mixed session and week. The S&amp;P 500 advanced 0.5% for its second consecutive positive week, while the Dow Jones Industrial Average gained 0.8%. The Nasdaq Composite lost about 0.2% for the week and fell 1.23% during Friday’s session, while the S&amp;P dipped 0.5% and the Dow inched up 0.12%.</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>Dow Climbs 200 Points as Busy Earnings Week Kicks Off</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\">\nDow Climbs 200 Points as Busy Earnings Week Kicks Off\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-10-16 21:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Stocks rose Monday as investors brace for a deluge of corporate earnings reports, while keeping an eye on Treasury yields.</p><p>The Dow Jones Industrial Average traded 210 points higher, or 0.6%. The S&amp;P 500 climbed 0.5%, and the Nasdaq Composite advanced 0.4%.</p><p style=\"text-align: start;\">Earnings season heats up this week with 11% of the S&amp;P 500 slated to report results. Some notable names on deck this week include Johnson &amp; Johnson, Bank of America, Netflix and Tesla.</p><p>LQR House shares rockets 160% after securing Von Payne Whiskey&#39;s presence on Costco.</p><p style=\"text-align: start;\">Those results follow a solid start to the reporting period. JPMorgan Chase, Wells Fargo and UnitedHealth rose Friday after posting their latest quarterly results.</p><p style=\"text-align: start;\">Some on Wall Street are bracing for more volatility into year end as yields and oil prices rise, inflation remains sticky, and conflict ensues in the Middle East. But a focus on earnings and what the Federal Reserve will do with interest rates can give investors optimism in the short term, according to Barclays analyst Ajay Rajadhyaksha.</p><p style=\"text-align: start;\">“We expect bonds/equities to range-trade near term,” Rajadhyaksha said in a note to clients Monday. “Bond volatility and Middle East tensions are a drag on risky assets, but should be offset by earnings and dovish Fedspeak.”</p><p style=\"text-align: start;\">Over the weekend, Israel’s military continued urging residents to evacuate northern Gaza amid a widely anticipated ground invasion. Meanwhile, U.S. Senate Majority Leader Chuck Schumer (D-N.Y.) said Sunday that the Senate would work to quickly push through a military aid package to assist Israel as it battles Hamas.</p><p style=\"text-align: start;\">Stocks are coming off a mixed session and week. The S&amp;P 500 advanced 0.5% for its second consecutive positive week, while the Dow Jones Industrial Average gained 0.8%. The Nasdaq Composite lost about 0.2% for the week and fell 1.23% during Friday’s session, while the S&amp;P dipped 0.5% and the Dow inched up 0.12%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112466060","content_text":"Stocks rose Monday as investors brace for a deluge of corporate earnings reports, while keeping an eye on Treasury yields.The Dow Jones Industrial Average traded 210 points higher, or 0.6%. The S&P 500 climbed 0.5%, and the Nasdaq Composite advanced 0.4%.Earnings season heats up this week with 11% of the S&P 500 slated to report results. Some notable names on deck this week include Johnson & Johnson, Bank of America, Netflix and Tesla.LQR House shares rockets 160% after securing Von Payne Whiskey's presence on Costco.Those results follow a solid start to the reporting period. JPMorgan Chase, Wells Fargo and UnitedHealth rose Friday after posting their latest quarterly results.Some on Wall Street are bracing for more volatility into year end as yields and oil prices rise, inflation remains sticky, and conflict ensues in the Middle East. But a focus on earnings and what the Federal Reserve will do with interest rates can give investors optimism in the short term, according to Barclays analyst Ajay Rajadhyaksha.“We expect bonds/equities to range-trade near term,” Rajadhyaksha said in a note to clients Monday. “Bond volatility and Middle East tensions are a drag on risky assets, but should be offset by earnings and dovish Fedspeak.”Over the weekend, Israel’s military continued urging residents to evacuate northern Gaza amid a widely anticipated ground invasion. Meanwhile, U.S. Senate Majority Leader Chuck Schumer (D-N.Y.) said Sunday that the Senate would work to quickly push through a military aid package to assist Israel as it battles Hamas.Stocks are coming off a mixed session and week. The S&P 500 advanced 0.5% for its second consecutive positive week, while the Dow Jones Industrial Average gained 0.8%. The Nasdaq Composite lost about 0.2% for the week and fell 1.23% during Friday’s session, while the S&P dipped 0.5% and the Dow inched up 0.12%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":333,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":229465512968456,"gmtCreate":1697063743113,"gmtModify":1697075718056,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"From economic perspective, the outflow of cash is real//<a href=\"https://ttm.financial/U/3542761173255251\">@Kon How</a>:China easing policy from Covid? I would prefer to read what the Chinese media says.It is important for China to relax their rules on Covid as they are still the largest manufacturer in the world. When their lives are getting back to normal, the world’s economy can also start cranking up.Opening changes:• Some cities lifted all temporary control measures from November 30. All areas except those designated as high-risk are now classified as low-risk or subject to regular control measures.• Other cities announced on Sunday that regular nucleic acid tests would be canceled and residents could do the test at will.• Starting from Monday, Beijing residents who have gone more tha","listText":"From economic perspective, the outflow of cash is real//<a href=\"https://ttm.financial/U/3542761173255251\">@Kon How</a>:China easing policy from Covid? I would prefer to read what the Chinese media says.It is important for China to relax their rules on Covid as they are still the largest manufacturer in the world. When their lives are getting back to normal, the world’s economy can also start cranking up.Opening changes:• Some cities lifted all temporary control measures from November 30. All areas except those designated as high-risk are now classified as low-risk or subject to regular control measures.• Other cities announced on Sunday that regular nucleic acid tests would be canceled and residents could do the test at will.• Starting from Monday, Beijing residents who have gone more tha","text":"From economic perspective, the outflow of cash is real//@Kon How:China easing policy from Covid? I would prefer to read what the Chinese media says.It is important for China to relax their rules on Covid as they are still the largest manufacturer in the world. When their lives are getting back to normal, the world’s economy can also start cranking up.Opening changes:• Some cities lifted all temporary control measures from November 30. All areas except those designated as high-risk are now classified as low-risk or subject to regular control measures.• Other cities announced on Sunday that regular nucleic acid tests would be canceled and residents could do the test at will.• Starting from Monday, Beijing residents who have gone more tha","images":[{"img":"https://community-static.tradeup.com/news/44f631d4a599c6af0f2a1bb9a25b1b0c","width":"-1","height":"-1"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/229465512968456","repostId":"9967687160","repostType":1,"repost":{"id":9967687160,"gmtCreate":1670314501551,"gmtModify":1676538342792,"author":{"id":"3542761173255251","authorId":"3542761173255251","name":"Kon How","avatar":"https://static.tigerbbs.com/d6c7a3cebab4301c9e8f783dcc6b7ba6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3542761173255251","authorIdStr":"3542761173255251"},"themes":[],"title":"China further Optimizes COVID-19 Prevention and Control Policies","htmlText":"China easing policy from Covid? I would prefer to read what the Chinese media says.It is important for China to relax their rules on Covid as they are still the largest manufacturer in the world. When their lives are getting back to normal, the world’s economy can also start cranking up.Opening changes:• Some cities lifted all temporary control measures from November 30. All areas except those designated as high-risk are now classified as low-risk or subject to regular control measures.• Other cities announced on Sunday that regular nucleic acid tests would be canceled and residents could do the test at will.• Starting from Monday, Beijing residents who have gone more than two days since their last nucleic acid test will be allowed to take buses or the subway.• Guangzhou have announced the","listText":"China easing policy from Covid? I would prefer to read what the Chinese media says.It is important for China to relax their rules on Covid as they are still the largest manufacturer in the world. When their lives are getting back to normal, the world’s economy can also start cranking up.Opening changes:• Some cities lifted all temporary control measures from November 30. All areas except those designated as high-risk are now classified as low-risk or subject to regular control measures.• Other cities announced on Sunday that regular nucleic acid tests would be canceled and residents could do the test at will.• Starting from Monday, Beijing residents who have gone more than two days since their last nucleic acid test will be allowed to take buses or the subway.• Guangzhou have announced the","text":"China easing policy from Covid? I would prefer to read what the Chinese media says.It is important for China to relax their rules on Covid as they are still the largest manufacturer in the world. When their lives are getting back to normal, the world’s economy can also start cranking up.Opening changes:• Some cities lifted all temporary control measures from November 30. All areas except those designated as high-risk are now classified as low-risk or subject to regular control measures.• Other cities announced on Sunday that regular nucleic acid tests would be canceled and residents could do the test at will.• Starting from Monday, Beijing residents who have gone more than two days since their last nucleic acid test will be allowed to take buses or the subway.• Guangzhou have announced the","images":[{"img":"https://community-static.tradeup.com/news/44f631d4a599c6af0f2a1bb9a25b1b0c","width":"-1","height":"-1"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9967687160","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":343,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":225928644403288,"gmtCreate":1696217635220,"gmtModify":1696217640022,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"How to legally avoid tax withholding should be the next focus for Singaporean investor as income are heavily&nbsp; taxable for Foreigners like Singapore citizens","listText":"How to legally avoid tax withholding should be the next focus for Singaporean investor as income are heavily&nbsp; taxable for Foreigners like Singapore citizens","text":"How to legally avoid tax withholding should be the next focus for Singaporean investor as income are heavily taxable for Foreigners like Singapore citizens","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/225928644403288","repostId":"2371055137","repostType":2,"repost":{"id":"2371055137","kind":"highlight","pubTimestamp":1696130182,"share":"https://ttm.financial/m/news/2371055137?lang=&edition=fundamental","pubTime":"2023-10-01 11:16","market":"us","language":"en","title":"These 7 Dividend Stocks Pay $98 Billion Annually, Combined, to Their Shareholders","url":"https://stock-news.laohu8.com/highlight/detail?id=2371055137","media":"Motley Fool","summary":"Seven brand-name, time-tested businesses are doling out between $11.2 billion and $22.3 billion to their shareholders each year.","content":"<html><head></head><body><p>Wall Street accommodates a variety of investment styles. Buying and holding time-tested dividend stocks over long periods just happens to be one of the more successful strategies.</p><p>The power of income investing is truly exemplified by a study released 10 years ago from the wealth management division of <strong>JPMorgan Chase</strong>. This study found that public companies initiating and growing their payouts between 1972 and 2012 produced an annualized return of 9.5%. Comparatively, public companies that didn&#39;t offer a payout trudged their way to an annualized return of just 1.6% over the same period.</p><p>Although most investors tend to focus on yield, some brand-name businesses stand out for the sheer size of their nominal-dollar payouts. What follows are some of the biggest &#34;givers&#34; on Wall Street. These seven dividend stocks combine to pay out $98.2 billion annually to their shareholders.</p><h2 id=\"id_448688179\">1. Microsoft: $22.29 billion in annual dividends paid to shareholders</h2><p>Don&#39;t let its modest yield of 0.9% fool you: Tech stock <strong>Microsoft</strong> (MSFT 0.27%) is a dividend juggernaut! It has raised its base annual payout for 14 consecutive years and is currently doling out more than $22 billion to its shareholders each year (based on its $0.75-a-share quarterly payout). </p><p>The not-so-subtle secret to Microsoft&#39;s success continues to be its blending of the old with the new. Most investors overlook the company&#39;s legacy operations (e.g., its Windows operating system) without realizing that these generally slow-growing segments still generate boatloads of operating cash flow and have well-identified moats. This cash allows Microsoft to invest in higher-growth initiatives and undertake earnings-accretive acquisitions.</p><p>As for the &#34;new,&#34; Microsoft has gone full bore into cloud services. Its Azure is the world&#39;s No. 2 cloud infrastructure service provider, and it&#39;s been gaining on <strong>Amazon</strong>, whose Amazon Web Services holds the top market share.  Microsoft&#39;s sustained double-digit growth rate and massive cash balance bode well for its future.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c2b9b22f294e5849b9d4eb17d38bc37b\" tg-width=\"720\" tg-height=\"433\"/></p><p>Apple&#39;s quarterly payout has grown by nearly 154% since recommencing its dividend in August 2012. AAPL dividend per share (quarterly) data by YCharts.</p><h2 id=\"id_88886482\">2. Apple: $15 billion in annual dividends</h2><p>Another dividend stock that could have income investors scratching their heads is <strong>Apple</strong>, the largest publicly traded company in the United States. Though the company&#39;s yield is a paltry 0.6%, its $0.24 quarterly payout works out to $15 billion in annual dividends for shareholders.</p><p>What Apple brings to the table is one of the most-trustworthy and recognized brands. Consumers tend to be very loyal to its products, and the company&#39;s iPhone has absolutely dominated in the U.S. since a 5G-capable version hit store shelves in the fourth quarter of 2020.</p><p>But what it really thrives on is innovation, with CEO Tim Cook currently overseeing the transformation of Apple into a platforms company. Although it has no intention of abandoning the physical products that endeared the company to consumers (the iPhone, iPad, and Mac), it&#39;s evolving as a business to focus even more on subscription services. This move should improve the company&#39;s operating margin over time and further enhance customer loyalty.</p><h2 id=\"id_122676273\">3. ExxonMobil: $14.52 billion in annual dividends</h2><p>The energy sector is typically known for healthy dividends, and big oil is certainly no slouch. Integrated oil and gas company <strong>ExxonMobil</strong>, which has increased its base annual payout for 40 consecutive years, is expected to parse out just over $14.5 billion to its shareholders over the next 12 months. </p><p>One reason ExxonMobil has been such a steady payer for income seekers is its operating structure. As an integrated energy company, it generates its juiciest margins from drilling. However, it also operates downstream assets, such as refineries and chemical plants. If the price of crude oil declines, demand for downstream products tends to increase. This acts as a hedge to help ensure a steady stream of operating cash flow.</p><p>Macroeconomic factors have also mostly worked in ExxonMobil&#39;s favor. Since the pandemic began, crude oil supply has been tight. This is to say that reduced capital investment from global energy majors, coupled with Russia&#39;s invasion of Ukraine (which has no clear end date), has constrained global oil supply. This should provide a lift to the spot price of crude oil.</p><h2 id=\"id_606833228\">4. JPMorgan Chase: $12.22 billion in annual dividends</h2><p>Along with energy, financial stocks -- more specifically, bank stocks -- are known to return quite a bit of capital to their shareholders. America&#39;s leading bank by assets, JPMorgan Chase, is expected to distribute more than $12.2 billion in dividends to its shareholders in the coming 12 months.</p><p>The fuel behind that dividend is interest rates and time. Although consumers with credit card debt and recent homebuyers aren&#39;t enjoying the cumulative 525-basis-point increase in the federal funds rate since March 2022, banks certainly are. Every Federal Reserve rate hike is resulting in added net-interest income for banks with outstanding variable-rate loans.</p><p>Time is also the friend of JPMorgan Chase. Though banks are cyclical, and therefore prone to loan losses and delinquencies during recessions, downturns in the U.S. and global economies are relatively short-lived. Of the 12 U.S. recessions following World War II, just three have lasted at least 12 months. It means bank stocks are thriving and making loans far more often than they&#39;re on the defensive.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/88f26712b0d2c5ee63d3fed76afc9038\" tg-width=\"720\" tg-height=\"433\"/></p><p>A historically high spot price for crude oil has fueled Chevron&#39;s capital-return program. WTI crude oil spot price data by YCharts.</p><h2 id=\"id_3835923342\">5. Chevron: $11.54 billion in annual dividends</h2><p>Did I mention that big oil pays out some hearty dividends? Integrated oil and gas stock <strong>Chevron</strong> has increased its base annual payout in each of the past 36 years, and it&#39;s on pace to pay shareholders more than $11.5 billion in dividends on an annual basis.</p><p>Chevron benefits from many of the same catalysts as ExxonMobil. Its upstream drilling operations are thriving from tight global oil supply, and its integrated operations lead to transparent and predictable operating cash flow.</p><p>Being able to accurately forecast operating cash flow at least a year in advance is what gives Chevron&#39;s management and board the confidence to outlay capital for new projects and approve a share buyback program for up to $75 billion. </p><p>Its balance sheet is also pristine. Though ExxonMobil is no slouch, Chevron&#39;s net-debt ratio at the end of the June quarter clocked in at just 7%. This gives it superior financial flexibility when compared to other energy majors.</p><h2 id=\"id_2362992792\">6. Johnson &amp; Johnson: $11.47 billion in annual dividends</h2><p>Healthcare stock <strong>Johnson &amp; Johnson</strong> is known for padding investors&#39; pocketbooks. J&amp;J has increased its base annual dividend in each of the last 61 years and is expected to pay close to $11.5 billion to its shareholders over the next year.</p><p>Its revenue mix has been one of the key catalysts fueling its dividend growth. For more than a decade, the company has been shifting its sales focus to pharmaceuticals. Though brand-name drugs have finite periods of sales exclusivity, they generate superior margins and afford Johnson &amp; Johnson exceptional pricing power. Continuing to invest in drug research and collaborations can further grow J&amp;J&#39;s operating margin.</p><p>The other factor responsible for the company&#39;s dividend growth is leadership continuity. In the 137 years since J&amp;J was founded, it has had just eight CEOs, including current CEO Joaquin Duato. Having consistency in key leadership positions ensures that growth initiatives are being properly implemented from start to finish.</p><h2 id=\"id_3971949832\">7. Verizon Communications: $11.17 billion in annual dividends</h2><p>The seventh and final dividend stock that doles out a hearty nominal payout is telecom <strong>Verizon Communications</strong>. Based on its quarterly dividend of $0.665 per share, it should pay almost $11.2 billion to its shareholders over the next 12 months.</p><p>There look to be two factors propelling Verizon&#39;s lofty dividend. To start with, its needle is pointing modestly higher due to the 5G revolution. Faster download speeds are encouraging consumers to use more data, which is a boon for Verizon&#39;s wireless segment. At the same time, 5G speeds are helping the company add broadband users at the fastest rate in years. </p><p>The other positive for Verizon is that it provides near-essential services. Regardless of how well or poorly the U.S. economy performs, consumers are fairly reluctant to give up their smartphones, wireless service, or internet access. Historically low churn rates mean Verizon can count on predictable cash flow.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These 7 Dividend Stocks Pay $98 Billion Annually, Combined, to Their Shareholders</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese 7 Dividend Stocks Pay $98 Billion Annually, Combined, to Their Shareholders\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-01 11:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/09/29/7-dividend-stocks-pay-98-billion-year-shareholders/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street accommodates a variety of investment styles. Buying and holding time-tested dividend stocks over long periods just happens to be one of the more successful strategies.The power of income ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/09/29/7-dividend-stocks-pay-98-billion-year-shareholders/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","XOM":"埃克森美孚","JNJ":"强生","CVX":"雪佛龙","JPM":"摩根大通","AAPL":"苹果","VZ":"威瑞森"},"source_url":"https://www.fool.com/investing/2023/09/29/7-dividend-stocks-pay-98-billion-year-shareholders/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2371055137","content_text":"Wall Street accommodates a variety of investment styles. Buying and holding time-tested dividend stocks over long periods just happens to be one of the more successful strategies.The power of income investing is truly exemplified by a study released 10 years ago from the wealth management division of JPMorgan Chase. This study found that public companies initiating and growing their payouts between 1972 and 2012 produced an annualized return of 9.5%. Comparatively, public companies that didn't offer a payout trudged their way to an annualized return of just 1.6% over the same period.Although most investors tend to focus on yield, some brand-name businesses stand out for the sheer size of their nominal-dollar payouts. What follows are some of the biggest \"givers\" on Wall Street. These seven dividend stocks combine to pay out $98.2 billion annually to their shareholders.1. Microsoft: $22.29 billion in annual dividends paid to shareholdersDon't let its modest yield of 0.9% fool you: Tech stock Microsoft (MSFT 0.27%) is a dividend juggernaut! It has raised its base annual payout for 14 consecutive years and is currently doling out more than $22 billion to its shareholders each year (based on its $0.75-a-share quarterly payout). The not-so-subtle secret to Microsoft's success continues to be its blending of the old with the new. Most investors overlook the company's legacy operations (e.g., its Windows operating system) without realizing that these generally slow-growing segments still generate boatloads of operating cash flow and have well-identified moats. This cash allows Microsoft to invest in higher-growth initiatives and undertake earnings-accretive acquisitions.As for the \"new,\" Microsoft has gone full bore into cloud services. Its Azure is the world's No. 2 cloud infrastructure service provider, and it's been gaining on Amazon, whose Amazon Web Services holds the top market share.  Microsoft's sustained double-digit growth rate and massive cash balance bode well for its future.Apple's quarterly payout has grown by nearly 154% since recommencing its dividend in August 2012. AAPL dividend per share (quarterly) data by YCharts.2. Apple: $15 billion in annual dividendsAnother dividend stock that could have income investors scratching their heads is Apple, the largest publicly traded company in the United States. Though the company's yield is a paltry 0.6%, its $0.24 quarterly payout works out to $15 billion in annual dividends for shareholders.What Apple brings to the table is one of the most-trustworthy and recognized brands. Consumers tend to be very loyal to its products, and the company's iPhone has absolutely dominated in the U.S. since a 5G-capable version hit store shelves in the fourth quarter of 2020.But what it really thrives on is innovation, with CEO Tim Cook currently overseeing the transformation of Apple into a platforms company. Although it has no intention of abandoning the physical products that endeared the company to consumers (the iPhone, iPad, and Mac), it's evolving as a business to focus even more on subscription services. This move should improve the company's operating margin over time and further enhance customer loyalty.3. ExxonMobil: $14.52 billion in annual dividendsThe energy sector is typically known for healthy dividends, and big oil is certainly no slouch. Integrated oil and gas company ExxonMobil, which has increased its base annual payout for 40 consecutive years, is expected to parse out just over $14.5 billion to its shareholders over the next 12 months. One reason ExxonMobil has been such a steady payer for income seekers is its operating structure. As an integrated energy company, it generates its juiciest margins from drilling. However, it also operates downstream assets, such as refineries and chemical plants. If the price of crude oil declines, demand for downstream products tends to increase. This acts as a hedge to help ensure a steady stream of operating cash flow.Macroeconomic factors have also mostly worked in ExxonMobil's favor. Since the pandemic began, crude oil supply has been tight. This is to say that reduced capital investment from global energy majors, coupled with Russia's invasion of Ukraine (which has no clear end date), has constrained global oil supply. This should provide a lift to the spot price of crude oil.4. JPMorgan Chase: $12.22 billion in annual dividendsAlong with energy, financial stocks -- more specifically, bank stocks -- are known to return quite a bit of capital to their shareholders. America's leading bank by assets, JPMorgan Chase, is expected to distribute more than $12.2 billion in dividends to its shareholders in the coming 12 months.The fuel behind that dividend is interest rates and time. Although consumers with credit card debt and recent homebuyers aren't enjoying the cumulative 525-basis-point increase in the federal funds rate since March 2022, banks certainly are. Every Federal Reserve rate hike is resulting in added net-interest income for banks with outstanding variable-rate loans.Time is also the friend of JPMorgan Chase. Though banks are cyclical, and therefore prone to loan losses and delinquencies during recessions, downturns in the U.S. and global economies are relatively short-lived. Of the 12 U.S. recessions following World War II, just three have lasted at least 12 months. It means bank stocks are thriving and making loans far more often than they're on the defensive.A historically high spot price for crude oil has fueled Chevron's capital-return program. WTI crude oil spot price data by YCharts.5. Chevron: $11.54 billion in annual dividendsDid I mention that big oil pays out some hearty dividends? Integrated oil and gas stock Chevron has increased its base annual payout in each of the past 36 years, and it's on pace to pay shareholders more than $11.5 billion in dividends on an annual basis.Chevron benefits from many of the same catalysts as ExxonMobil. Its upstream drilling operations are thriving from tight global oil supply, and its integrated operations lead to transparent and predictable operating cash flow.Being able to accurately forecast operating cash flow at least a year in advance is what gives Chevron's management and board the confidence to outlay capital for new projects and approve a share buyback program for up to $75 billion. Its balance sheet is also pristine. Though ExxonMobil is no slouch, Chevron's net-debt ratio at the end of the June quarter clocked in at just 7%. This gives it superior financial flexibility when compared to other energy majors.6. Johnson & Johnson: $11.47 billion in annual dividendsHealthcare stock Johnson & Johnson is known for padding investors' pocketbooks. J&J has increased its base annual dividend in each of the last 61 years and is expected to pay close to $11.5 billion to its shareholders over the next year.Its revenue mix has been one of the key catalysts fueling its dividend growth. For more than a decade, the company has been shifting its sales focus to pharmaceuticals. Though brand-name drugs have finite periods of sales exclusivity, they generate superior margins and afford Johnson & Johnson exceptional pricing power. Continuing to invest in drug research and collaborations can further grow J&J's operating margin.The other factor responsible for the company's dividend growth is leadership continuity. In the 137 years since J&J was founded, it has had just eight CEOs, including current CEO Joaquin Duato. Having consistency in key leadership positions ensures that growth initiatives are being properly implemented from start to finish.7. Verizon Communications: $11.17 billion in annual dividendsThe seventh and final dividend stock that doles out a hearty nominal payout is telecom Verizon Communications. Based on its quarterly dividend of $0.665 per share, it should pay almost $11.2 billion to its shareholders over the next 12 months.There look to be two factors propelling Verizon's lofty dividend. To start with, its needle is pointing modestly higher due to the 5G revolution. Faster download speeds are encouraging consumers to use more data, which is a boon for Verizon's wireless segment. At the same time, 5G speeds are helping the company add broadband users at the fastest rate in years. The other positive for Verizon is that it provides near-essential services. Regardless of how well or poorly the U.S. economy performs, consumers are fairly reluctant to give up their smartphones, wireless service, or internet access. Historically low churn rates mean Verizon can count on predictable cash flow.","news_type":1},"isVote":1,"tweetType":1,"viewCount":416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9948491255,"gmtCreate":1680758108277,"gmtModify":1680758111669,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"Happy holidays","listText":"Happy holidays","text":"Happy holidays","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":26,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9948491255","repostId":"1108890125","repostType":2,"repost":{"id":"1108890125","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":1680933081,"share":"https://ttm.financial/m/news/1108890125?lang=&edition=fundamental","pubTime":"2023-04-08 13:51","market":"hk","language":"en","title":"Reminder: Holiday Trading Hours during Easter","url":"https://stock-news.laohu8.com/highlight/detail?id=1108890125","media":"Tiger Newspress","summary":"Easter is around the corner.Stock Markets in the Hong Kong, Australia, New Zealand and Indonesia wil","content":"<html><head></head><body><p>Easter is around the corner.</p><p>Stock Markets in the Hong Kong, Australia, New Zealand and Indonesia will be closed on April 10, 2023.</p><p>Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ec5f92be02ccd2490bc6bdc97614f8d5\" title=\"\" tg-width=\"1080\" tg-height=\"1080\"/></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: Holiday Trading Hours during Easter</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: Holiday Trading Hours during Easter\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-04-08 13:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Easter is around the corner.</p><p>Stock Markets in the Hong Kong, Australia, New Zealand and Indonesia will be closed on April 10, 2023.</p><p>Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ec5f92be02ccd2490bc6bdc97614f8d5\" title=\"\" tg-width=\"1080\" tg-height=\"1080\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数",".DJI":"道琼斯","XKO.AU":"标普/澳交所 300指数",".IXIC":"NASDAQ Composite","XJO.AU":"标普/澳交所 200指数",".SPX":"S&P 500 Index","XAO.AU":"标普/澳交所 普通股指数","HSI":"恒生指数"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108890125","content_text":"Easter is around the corner.Stock Markets in the Hong Kong, Australia, New Zealand and Indonesia will be closed on April 10, 2023.Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.","news_type":1},"isVote":1,"tweetType":1,"viewCount":94,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9077883856,"gmtCreate":1658491118775,"gmtModify":1676536166915,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"or write short on property,short on treasury, short on euro, short on yen etf or options","listText":"or write short on property,short on treasury, short on euro, short on yen etf or options","text":"or write short on property,short on treasury, short on euro, short on yen etf or options","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9077883856","repostId":"1149295629","repostType":4,"repost":{"id":"1149295629","kind":"news","pubTimestamp":1658478336,"share":"https://ttm.financial/m/news/1149295629?lang=&edition=fundamental","pubTime":"2022-07-22 16:25","market":"us","language":"en","title":"QQQ vs. QQQM vs. QQQJ: What To Expect From The Big 3 Nasdaq ETFs","url":"https://stock-news.laohu8.com/highlight/detail?id=1149295629","media":"thestreet.","summary":"How should an investor decide between QQQ, QQQM and QQQJ? Let's break down each of them one by one.","content":"<html><head></head><body><p>The Nasdaq was become synonymous with the tech sector, although that comparison isn&#39;t entirely fair. About half of the index is dedicated to technology stocks, but with more than 80% of the Nasdaq Composite composed of the big three growth sectors - tech, consumer discretionary and communication services - it&#39;s safe to say that this is one to consider if you&#39;re a risk seeker.</p><p>If you&#39;re looking to add Nasdaq exposure to your portfolio, there are three primary ETFs that you should consider - the <b>Invesco QQQ ETF (QQQ)</b>, the <b>Invesco Nasdaq 100 ETF (QQQM)</b> and the <b>Invesco Nasdaq Next Gen 100 ETF (QQQJ)</b>.</p><p>QQQ is the big one that everybody is familiar with. It&#39;s currently the 5th largest ETF in the marketplace with more than $150 billion in assets and is the largest that isn&#39;t focused on the S&amp;P 500 or total U.S. stock market.</p><p>QQQM is essentially the same as the QQQ, but with a lower expense ratio. Why would you choose one over the other if they&#39;re both the same? We&#39;ll get to that in a minute.</p><p>QQQJ targets the next 100 names below the Nasdaq 100, which QQQ and QQQM are based on. They offer exposure a little different than the others, but have bigger growth potential.</p><p>How should an investor decide between QQQ, QQQM and QQQJ? Let&#39;s break down each of them one by one.</p><p><b>Invesco QQQ ETF (QQQ)</b></p><p>QQQ tracks the Nasdaq 100 index. It&#39;s been around for more than 20 years and consists of 100 of the largest non-financial companies listed on the Nasdaq exchange.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/219e726ef5be4b35e0e31aae57497599\" tg-width=\"1093\" tg-height=\"554\" referrerpolicy=\"no-referrer\"/><span>Invesco QQQ ETF (QQQ) Profile</span></p><p>I won&#39;t spend any more time talking about the tech-heavy nature of QQQ because most are familiar with it already, but the one thing worth noting for the purpose of this comparison is its expense ratio. At 0.20%, it&#39;s relatively inexpensive, but not nearly as cheap as many of the broad market ETFs from the likes of Vanguard and BlackRock, which often have expense ratios of 0.05% or less.</p><p>Keep that in mind as we take a look at the next ETF on the list.</p><p><b>Invesco Nasdaq 100 ETF (QQQM)</b></p><p>QQQM also tracks the Nasdaq 100 index.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0f741ce0e7dbf24ef416656d1dc5f97a\" tg-width=\"1091\" tg-height=\"566\" referrerpolicy=\"no-referrer\"/><span>Invesco Nasdaq 100 ETF (QQQM) Profile</span></p><p>If you just did a double-take reading that last sentence, yes, you&#39;re reading it correctly. Invesco operates TWO ETFs that both track the Nasdaq 100. There&#39;s no gimmicks, no frills, no hidden fine print. Just two Nasdaq 100 ETFs.</p><p>So, what&#39;s the difference between QQQ and QQQM exactly? The answer is the expense ratio. QQQ charges 0.20% and QQQM charges 0.15%.</p><p>You may be asking yourself: if Invesco wanted to charge 0.15% for an ETF that tracks the Nasdaq 100, why didn&#39;t it just lower the expense ratio on QQQ? It&#39;s a good question and the answer, quite simply, is money. Just 0.05%, the difference between the two expense ratios, on a $150 billion asset base is about $75 million in revenue annually. Invesco may not come right out and say it, but why in the world would they give up that kind of revenue when it&#39;s already the 5th largest ETF around even with the higher expense ratio?</p><p>Launching QQQM with a lower expense ratio gives investors the opportunity to achieve the same exposure with a lower cost.</p><p>If QQQM is available for cheaper than QQQ, does that make QQQ irrelevant? Not exactly.</p><p>The answer to the question of which ETF you should choose comes down to a couple of things. First, while the expense ratio of QQQM is lower, you have to consider the total cost of ownership. By that, I mean you have to look at the expense ratio as well as the spread. The spread is essentially a measure of liquidity and is the cost of trading shares. Generally speaking, the larger a fund is and the more people it has trading shares, the lower the spread.</p><p>QQQM has more than $4 billion in assets, which represents strong and consistent growth of assets over time, but QQQ has more than $150 billion. Not surprisingly, its trading costs are lower, but only by a hair.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/727505633b58d73a8cadf935bc750c0b\" tg-width=\"444\" tg-height=\"236\" referrerpolicy=\"no-referrer\"/><span>QQQ vs. QQQM vs. QQQJ Trading Spreads</span></p><p>The &#34;average spread&#34; column is the one we want to look at. The spread on QQQ is virtually nothing because it&#39;s so large. QQQM&#39;s spread, while larger, is still just 2 basis points. It&#39;s not nothing, but it&#39;s still a very small number. When tallied together, the total cost of ownership for QQQM is 0.17% (the 0.15% expense ratio plus the 0.02% spread) vs. 0.21% for QQQ.</p><p>From a total cost of ownership perspective, QQQM edges out QQQ.</p><p>That doesn&#39;t mean QQQ can&#39;t still be useful. If you&#39;re trading a very large block of shares, the liquidity of QQQ could make it the better choice, but you&#39;d be talking a huge block of shares. For most retail investors, it will be a non-issue. If you&#39;re a long-term buy-and-hold investor, QQQM holds a slight advantage over QQQ.</p><p>QQQJ, however, is a whole different story.</p><p><b>Invesco Nasdaq Next Gen 100 ETF (QQQJ)</b></p><p>QQQJ tracks the Nasdaq Next Generation 100 index. It also eliminates financial stocks from consideration and targets the next 100 companies that would potentially be eligible for inclusion in the Nasdaq 100 if they manage to grow large enough.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abebf8cdb3f7f17d52effc3483ebdc85\" tg-width=\"1092\" tg-height=\"586\" referrerpolicy=\"no-referrer\"/><span>Invesco Nasdaq Next Gen 100 ETF (QQQJ) Profile</span></p><p>The idea behind buying QQQJ would involve the same logic for why you&#39;d be buying small-caps. You want to get ahead of the curve by buying them before they become large-caps.</p><p>History shows that about 1/3 of Next Gen 100 members do indeed go on to become eventual members of the Nasdaq 100. These components have historically delivered higher revenue growth, higher dividend growth rates and greater commitments to R&amp;D spending that those of the Nasdaq 100, according to Invesco research.</p><p>Obviously, there&#39;s no overlap between QQQ and QQQJ, but investors should know that they&#39;re getting substantially similar sector exposure (with one notable exception, which I&#39;ll get into in a moment). Because QQQJ is less than 2 years old, we don&#39;t have a lot of history to go off of, but shorter-term volatility measures suggest that the fund is about 20% more volatile than QQQ.</p><p><b>QQQ vs. QQQJ Asset Allocation</b></p><p>Both ETFs come in with a heavy tech and growth tilt, but QQQJ finds a lot of bubbling under stocks in the healthcare sector.</p><p>As mentioned earlier, there is very little in the Nasdaq 100 that falls outside of one of the big three growth sectors.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09389c158258b0176e571b36630c4c5f\" tg-width=\"805\" tg-height=\"406\" referrerpolicy=\"no-referrer\"/><span>QQQ Asset Allocation</span></p><p>Those three sectors are well-represented in QQQJ as well, but it triples the exposure of healthcare to roughly 20% of the fund&#39;s overall allocation compared to just over 6% in QQQ.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1b56e3aa118cdcf7f7ef3ac5af8d6248\" tg-width=\"804\" tg-height=\"405\" referrerpolicy=\"no-referrer\"/><span>QQQJ Asset Allocation</span></p><p>Outside of an 9% weighting to industrials, there&#39;s virtually nothing outside of the top 5 sectors. The success of QQQJ will be heavily dependent on growth stocks continuing to perform well, but the sizable allocation to healthcare gives it a bit of a different profile.</p><p><b>Conclusion</b></p><p>So, what are our investment choices overall?</p><p>QQQJ is obviously a different product than the other two, so we can consider that separately. It&#39;s more of a classic mid-cap growth ETF with a heavy tech tilt, so this would be appropriate for anyone looking to augment existing tech exposure in their portfolios or someone looking to add a punch of growth to more conservative portfolio. The success of the Next Gen 100 stocks has been proven over time and it&#39;s a nice way to be invested in the emerging up-and-comers.</p><p>QQQ vs. QQQM is a little more nuanced and the choice of which is better really depends on what you&#39;re going to use it for.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3e53d4385f3fef5f2017a97962348a9b\" tg-width=\"721\" tg-height=\"234\" referrerpolicy=\"no-referrer\"/><span>QQQ vs. QQQM vs. QQQJ Expense Ratios</span></p><p>If you&#39;re a short-term trader and someone looking for a lot of liquidity in the market, QQQ is probably the better choice. If you&#39;re going to be in and out relatively quickly, it&#39;s better to go with the ETF with virtually no trading costs instead of taking a chance that you get hit with a higher spread.</p><p>Longer-term investors would probably benefit from QQQM. The difference between 0.20% and 0.15% is pretty small and we won&#39;t be talking a big difference in performance even over the long-term, but why not take advantage of the lower fee if you can get it.</p><p>Overall, these are three solid ETFs that are all worthy of consideration for your portfolio.</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>QQQ vs. QQQM vs. QQQJ: What To Expect From The Big 3 Nasdaq ETFs</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\">\nQQQ vs. QQQM vs. QQQJ: What To Expect From The Big 3 Nasdaq ETFs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-22 16:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/etffocus/trade-ideas/qqq-qqqm-qqqj-what-to-expect-big-3-nasdaq-etfs><strong>thestreet.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Nasdaq was become synonymous with the tech sector, although that comparison isn't entirely fair. About half of the index is dedicated to technology stocks, but with more than 80% of the Nasdaq ...</p>\n\n<a href=\"https://www.thestreet.com/etffocus/trade-ideas/qqq-qqqm-qqqj-what-to-expect-big-3-nasdaq-etfs\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QQQ":"纳指100ETF","QQQM":"Invesco NASDAQ 100 ETF","QQQJ":"Invesco NASDAQ Next Gen 100 ETF"},"source_url":"https://www.thestreet.com/etffocus/trade-ideas/qqq-qqqm-qqqj-what-to-expect-big-3-nasdaq-etfs","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149295629","content_text":"The Nasdaq was become synonymous with the tech sector, although that comparison isn't entirely fair. About half of the index is dedicated to technology stocks, but with more than 80% of the Nasdaq Composite composed of the big three growth sectors - tech, consumer discretionary and communication services - it's safe to say that this is one to consider if you're a risk seeker.If you're looking to add Nasdaq exposure to your portfolio, there are three primary ETFs that you should consider - the Invesco QQQ ETF (QQQ), the Invesco Nasdaq 100 ETF (QQQM) and the Invesco Nasdaq Next Gen 100 ETF (QQQJ).QQQ is the big one that everybody is familiar with. It's currently the 5th largest ETF in the marketplace with more than $150 billion in assets and is the largest that isn't focused on the S&P 500 or total U.S. stock market.QQQM is essentially the same as the QQQ, but with a lower expense ratio. Why would you choose one over the other if they're both the same? We'll get to that in a minute.QQQJ targets the next 100 names below the Nasdaq 100, which QQQ and QQQM are based on. They offer exposure a little different than the others, but have bigger growth potential.How should an investor decide between QQQ, QQQM and QQQJ? Let's break down each of them one by one.Invesco QQQ ETF (QQQ)QQQ tracks the Nasdaq 100 index. It's been around for more than 20 years and consists of 100 of the largest non-financial companies listed on the Nasdaq exchange.Invesco QQQ ETF (QQQ) ProfileI won't spend any more time talking about the tech-heavy nature of QQQ because most are familiar with it already, but the one thing worth noting for the purpose of this comparison is its expense ratio. At 0.20%, it's relatively inexpensive, but not nearly as cheap as many of the broad market ETFs from the likes of Vanguard and BlackRock, which often have expense ratios of 0.05% or less.Keep that in mind as we take a look at the next ETF on the list.Invesco Nasdaq 100 ETF (QQQM)QQQM also tracks the Nasdaq 100 index.Invesco Nasdaq 100 ETF (QQQM) ProfileIf you just did a double-take reading that last sentence, yes, you're reading it correctly. Invesco operates TWO ETFs that both track the Nasdaq 100. There's no gimmicks, no frills, no hidden fine print. Just two Nasdaq 100 ETFs.So, what's the difference between QQQ and QQQM exactly? The answer is the expense ratio. QQQ charges 0.20% and QQQM charges 0.15%.You may be asking yourself: if Invesco wanted to charge 0.15% for an ETF that tracks the Nasdaq 100, why didn't it just lower the expense ratio on QQQ? It's a good question and the answer, quite simply, is money. Just 0.05%, the difference between the two expense ratios, on a $150 billion asset base is about $75 million in revenue annually. Invesco may not come right out and say it, but why in the world would they give up that kind of revenue when it's already the 5th largest ETF around even with the higher expense ratio?Launching QQQM with a lower expense ratio gives investors the opportunity to achieve the same exposure with a lower cost.If QQQM is available for cheaper than QQQ, does that make QQQ irrelevant? Not exactly.The answer to the question of which ETF you should choose comes down to a couple of things. First, while the expense ratio of QQQM is lower, you have to consider the total cost of ownership. By that, I mean you have to look at the expense ratio as well as the spread. The spread is essentially a measure of liquidity and is the cost of trading shares. Generally speaking, the larger a fund is and the more people it has trading shares, the lower the spread.QQQM has more than $4 billion in assets, which represents strong and consistent growth of assets over time, but QQQ has more than $150 billion. Not surprisingly, its trading costs are lower, but only by a hair.QQQ vs. QQQM vs. QQQJ Trading SpreadsThe \"average spread\" column is the one we want to look at. The spread on QQQ is virtually nothing because it's so large. QQQM's spread, while larger, is still just 2 basis points. It's not nothing, but it's still a very small number. When tallied together, the total cost of ownership for QQQM is 0.17% (the 0.15% expense ratio plus the 0.02% spread) vs. 0.21% for QQQ.From a total cost of ownership perspective, QQQM edges out QQQ.That doesn't mean QQQ can't still be useful. If you're trading a very large block of shares, the liquidity of QQQ could make it the better choice, but you'd be talking a huge block of shares. For most retail investors, it will be a non-issue. If you're a long-term buy-and-hold investor, QQQM holds a slight advantage over QQQ.QQQJ, however, is a whole different story.Invesco Nasdaq Next Gen 100 ETF (QQQJ)QQQJ tracks the Nasdaq Next Generation 100 index. It also eliminates financial stocks from consideration and targets the next 100 companies that would potentially be eligible for inclusion in the Nasdaq 100 if they manage to grow large enough.Invesco Nasdaq Next Gen 100 ETF (QQQJ) ProfileThe idea behind buying QQQJ would involve the same logic for why you'd be buying small-caps. You want to get ahead of the curve by buying them before they become large-caps.History shows that about 1/3 of Next Gen 100 members do indeed go on to become eventual members of the Nasdaq 100. These components have historically delivered higher revenue growth, higher dividend growth rates and greater commitments to R&D spending that those of the Nasdaq 100, according to Invesco research.Obviously, there's no overlap between QQQ and QQQJ, but investors should know that they're getting substantially similar sector exposure (with one notable exception, which I'll get into in a moment). Because QQQJ is less than 2 years old, we don't have a lot of history to go off of, but shorter-term volatility measures suggest that the fund is about 20% more volatile than QQQ.QQQ vs. QQQJ Asset AllocationBoth ETFs come in with a heavy tech and growth tilt, but QQQJ finds a lot of bubbling under stocks in the healthcare sector.As mentioned earlier, there is very little in the Nasdaq 100 that falls outside of one of the big three growth sectors.QQQ Asset AllocationThose three sectors are well-represented in QQQJ as well, but it triples the exposure of healthcare to roughly 20% of the fund's overall allocation compared to just over 6% in QQQ.QQQJ Asset AllocationOutside of an 9% weighting to industrials, there's virtually nothing outside of the top 5 sectors. The success of QQQJ will be heavily dependent on growth stocks continuing to perform well, but the sizable allocation to healthcare gives it a bit of a different profile.ConclusionSo, what are our investment choices overall?QQQJ is obviously a different product than the other two, so we can consider that separately. It's more of a classic mid-cap growth ETF with a heavy tech tilt, so this would be appropriate for anyone looking to augment existing tech exposure in their portfolios or someone looking to add a punch of growth to more conservative portfolio. The success of the Next Gen 100 stocks has been proven over time and it's a nice way to be invested in the emerging up-and-comers.QQQ vs. QQQM is a little more nuanced and the choice of which is better really depends on what you're going to use it for.QQQ vs. QQQM vs. QQQJ Expense RatiosIf you're a short-term trader and someone looking for a lot of liquidity in the market, QQQ is probably the better choice. If you're going to be in and out relatively quickly, it's better to go with the ETF with virtually no trading costs instead of taking a chance that you get hit with a higher spread.Longer-term investors would probably benefit from QQQM. The difference between 0.20% and 0.15% is pretty small and we won't be talking a big difference in performance even over the long-term, but why not take advantage of the lower fee if you can get it.Overall, these are three solid ETFs that are all worthy of consideration for your portfolio.","news_type":1},"isVote":1,"tweetType":1,"viewCount":309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9061411807,"gmtCreate":1651664881947,"gmtModify":1676534944325,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"Bearish asset price","listText":"Bearish asset price","text":"Bearish asset price","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9061411807","repostId":"2232305766","repostType":2,"repost":{"id":"2232305766","kind":"news","pubTimestamp":1651657951,"share":"https://ttm.financial/m/news/2232305766?lang=&edition=fundamental","pubTime":"2022-05-04 17:52","market":"us","language":"en","title":"Federal Reserve Poised for First 50bp Rate Hike in 22 Years: FOMC Preview","url":"https://stock-news.laohu8.com/highlight/detail?id=2232305766","media":"seekingalpha","summary":"Bet_Noire/iStock via Getty ImagesFederal Reserve policymakers have explained what they plan to do on","content":"<html><head></head><body><p></p><p><img src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1308151136/image_1308151136.jpg?io=getty-c-w750\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Bet_Noire/iStock via Getty Images</p><p></p><p>Federal Reserve policymakers have explained what they plan to do on Wednesday in their comments up through April 23. They&#39;re set to hike rates by 50 basis points at this meeting and likely subsequent ones, and they&#39;ll start shrinking the central bank&#39;s balance sheet in June.</p><p>The federal funds rate target range currently stands at 0.25%-0.50% after the Federal Open Market Committee hiked the benchmark rate range by 25bps at the March meeting, its first increase since 2018.</p><p>&#34;For the first time in 22 years, the Federal Reserve is poised to raise interest rates by more than a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-quarter percentage point increment, and at consecutive meetings for the first time in 16 years,&#34; Bankrate Chief Financial Analyst Greg McBride said. FOMC consensus points to a half-point rate hike, with more to come if the Fed seeks to push benchmark rates to 2.5% by year-end, he added.</p><p>The question isn&#39;t whether the Fed needs to be hawkish, it&#39;s &#34;only a debate as to what the right hawkish approach is,&#34; wrote Evecore ISI&#39;s Krishna Guha and Peter Williams in a note to clients.</p><p>The strength of the labor market supports the expected larger-than usual hike. On Tuesday, the U.S. Department of Labor said job openings in March reached 11.5M, the highest since it started collecting the data in 2000, from 11.3M in February. The job openings rate of 7.1% edged up from 7.0% in the previous month.</p><p><b>Balance sheet matters:</b> The rate hikes &#34;will occur as the Fed simultaneously embarks on the long-awaited reduction in its balance sheet, which we think will shrink by nearly $3T through the end of 2024, from $8.93T today.&#34; wrote RSM chief U.S. economist Joseph Brusuelas in a note. He also expects the Fed to increase its policy rate to at least 2.5% by year-end.</p><p>So far, the Fed appears only willing to let maturing Treasury securities and mortgage-backed securities run off of its balance sheet. If the FOMC feels the need to take stronger action to control inflation, it may consider selling some securities.</p><p>&#34;I think he (Fed Chair Jerome Powell) will say that asset sales are a tool that could be used in the future but remind us that the plan is to use interest rates as the primary policy tool; QT runs in the background and the path of rates will be adjusted as needed given QT,&#34; said Tim Duy, chief U.S. economist at SGH Macro.</p><p>He expects at least four 50bp rate hikes in the Fed&#39;s quest to restore price stability. &#34;Powell likely doesn&#39;t want to feed into any hopes of a 75bp hike, but if he lends any credence to that story, even accidentally, market participants will rush to price in 75bp for the June meeting,&#34; Duy wrote in a note to clients.</p><p><b>Geopolitical risks:</b> Will increased risks from the Russia-Ukraine war and Covid lockdowns in China lead the Fed to ease up on tightening? Not likely.</p><p>&#34;We think the Fed recognizes that the war/Europe and China/Covid lockdowns are important and present risks to both growth and inflation,&#34; said Evercore ISI&#39;s Krishna Guha and Peter Williams. &#34;But the FOMC will stay focused on upside domestic inflation risk, respond up-front to potential further global inflation pressures and respond to spillovers from global growth weakness and related FCI tightening only as it materializes.&#34;</p><p>For U.S. households, the implications of the rate increases are clear-cut. Borrowing will cost more and savings will earn more. &#34;This hints at the steps households should be taking to stabilize their finances – pay down debt, especially costly credit card and other variable rate debt, and boost emergency savings. Both will enable you to better weather rising interest rates, and whatever might come next economically,&#34; said Bankrate&#39;s McBride.</p><p>For banks, higher rates increase their net interest income, but &#34;the rapid rise in the back end of the (yield) curve has hit GAAP book value,&#34; wrote a group of equity analysts led by Betsy Graseck. In addition, tighter financial conditions would ultimately slow loan growth. And the Fed shrinking its balance sheet will slow deposit growth as well. In addition, the sharply higher rates will hit banks&#39; capital ratios.</p><p>As such, the <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> analysts are reducing their stock buyback estimates for banks. &#34;We believe management teams will be more conservative with share repurchases going forward. We are reducing our buybacks for the rest of 2022 by 40%,&#34; they said.</p><p>SA contributor John M. Mason sees a 50bp hike on Wednesday followed by at least two more moves this year.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Federal Reserve Poised for First 50bp Rate Hike in 22 Years: FOMC Preview</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\">\nFederal Reserve Poised for First 50bp Rate Hike in 22 Years: FOMC Preview\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-04 17:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3830390-federal-reserve-poised-half-point-rate-hike><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bet_Noire/iStock via Getty ImagesFederal Reserve policymakers have explained what they plan to do on Wednesday in their comments up through April 23. They're set to hike rates by 50 basis points at ...</p>\n\n<a href=\"https://seekingalpha.com/news/3830390-federal-reserve-poised-half-point-rate-hike\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://seekingalpha.com/news/3830390-federal-reserve-poised-half-point-rate-hike","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2232305766","content_text":"Bet_Noire/iStock via Getty ImagesFederal Reserve policymakers have explained what they plan to do on Wednesday in their comments up through April 23. They're set to hike rates by 50 basis points at this meeting and likely subsequent ones, and they'll start shrinking the central bank's balance sheet in June.The federal funds rate target range currently stands at 0.25%-0.50% after the Federal Open Market Committee hiked the benchmark rate range by 25bps at the March meeting, its first increase since 2018.\"For the first time in 22 years, the Federal Reserve is poised to raise interest rates by more than a one-quarter percentage point increment, and at consecutive meetings for the first time in 16 years,\" Bankrate Chief Financial Analyst Greg McBride said. FOMC consensus points to a half-point rate hike, with more to come if the Fed seeks to push benchmark rates to 2.5% by year-end, he added.The question isn't whether the Fed needs to be hawkish, it's \"only a debate as to what the right hawkish approach is,\" wrote Evecore ISI's Krishna Guha and Peter Williams in a note to clients.The strength of the labor market supports the expected larger-than usual hike. On Tuesday, the U.S. Department of Labor said job openings in March reached 11.5M, the highest since it started collecting the data in 2000, from 11.3M in February. The job openings rate of 7.1% edged up from 7.0% in the previous month.Balance sheet matters: The rate hikes \"will occur as the Fed simultaneously embarks on the long-awaited reduction in its balance sheet, which we think will shrink by nearly $3T through the end of 2024, from $8.93T today.\" wrote RSM chief U.S. economist Joseph Brusuelas in a note. He also expects the Fed to increase its policy rate to at least 2.5% by year-end.So far, the Fed appears only willing to let maturing Treasury securities and mortgage-backed securities run off of its balance sheet. If the FOMC feels the need to take stronger action to control inflation, it may consider selling some securities.\"I think he (Fed Chair Jerome Powell) will say that asset sales are a tool that could be used in the future but remind us that the plan is to use interest rates as the primary policy tool; QT runs in the background and the path of rates will be adjusted as needed given QT,\" said Tim Duy, chief U.S. economist at SGH Macro.He expects at least four 50bp rate hikes in the Fed's quest to restore price stability. \"Powell likely doesn't want to feed into any hopes of a 75bp hike, but if he lends any credence to that story, even accidentally, market participants will rush to price in 75bp for the June meeting,\" Duy wrote in a note to clients.Geopolitical risks: Will increased risks from the Russia-Ukraine war and Covid lockdowns in China lead the Fed to ease up on tightening? Not likely.\"We think the Fed recognizes that the war/Europe and China/Covid lockdowns are important and present risks to both growth and inflation,\" said Evercore ISI's Krishna Guha and Peter Williams. \"But the FOMC will stay focused on upside domestic inflation risk, respond up-front to potential further global inflation pressures and respond to spillovers from global growth weakness and related FCI tightening only as it materializes.\"For U.S. households, the implications of the rate increases are clear-cut. Borrowing will cost more and savings will earn more. \"This hints at the steps households should be taking to stabilize their finances – pay down debt, especially costly credit card and other variable rate debt, and boost emergency savings. Both will enable you to better weather rising interest rates, and whatever might come next economically,\" said Bankrate's McBride.For banks, higher rates increase their net interest income, but \"the rapid rise in the back end of the (yield) curve has hit GAAP book value,\" wrote a group of equity analysts led by Betsy Graseck. In addition, tighter financial conditions would ultimately slow loan growth. And the Fed shrinking its balance sheet will slow deposit growth as well. In addition, the sharply higher rates will hit banks' capital ratios.As such, the Morgan Stanley analysts are reducing their stock buyback estimates for banks. \"We believe management teams will be more conservative with share repurchases going forward. We are reducing our buybacks for the rest of 2022 by 40%,\" they said.SA contributor John M. Mason sees a 50bp hike on Wednesday followed by at least two more moves this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":299,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354984958,"gmtCreate":1617118925674,"gmtModify":1704696164075,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"buy buy warren","listText":"buy buy warren","text":"buy buy warren","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/354984958","repostId":"2123291766","repostType":4,"repost":{"id":"2123291766","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1617103860,"share":"https://ttm.financial/m/news/2123291766?lang=&edition=fundamental","pubTime":"2021-03-30 19:31","market":"us","language":"en","title":"Small-cap value stocks still look cheap even after big rally, two fund managers say","url":"https://stock-news.laohu8.com/highlight/detail?id=2123291766","media":"Dow Jones","summary":"Justin Tugman of Janus Henderson Investors and Christian Stadlinger of Columbia Threadneedle Investm","content":"<blockquote>Justin Tugman of Janus Henderson Investors and Christian Stadlinger of Columbia Threadneedle Investment highlight a handful of stocks that they say are still attractively priced.</blockquote><p>Value stocks have been on a tear over the past six months, as some growth stocks have fizzled out. But the value rally may still be at an early stage, according to two fund managers from different companies who hold small-cap and mid-cap stocks.</p><p>Justin Tugman of Janus Henderson Investors and Christian Stadlinger of Columbia Threadneedle Investments both made the case that the value rally will continue, especially for small-cap and mid-cap companies. The two mutual fund managers highlighted stocks that, they say, remain attractively priced.</p><p>At the bottom of this article are tables and charts showing how small- and mid-cap value stocks' price-to-earnings ratios haven't risen as much as those of the broad S&amp;P indexes and their growth subsets.</p><p>Tugman co-manages the Janus Henderson Small Cap Value Fund  with Craig Kempler, and also co-manages the Janus Henderson Mid Cap Value Fund  with Kevin Preloger. The Small Cap Value Fund is rated four stars (out of five) by Morningstar, while the Mid Cap Value Fund has a three-star rating.</p><p>When discussing the broad market rally since the pandemic bottom in March 2020, Tugman said the unprecedented monetary and  fiscal stimulus has pushed some investors to suspend \"any common sense when it comes to valuation metrics.\"</p><p>Following a long period during which growth stocks outperformed value, he believes investors' expectations for a rapidly growing U.S. economy and rising interest rates will continue to bode well for value stocks. He pointed out that periods of outperformance for value stocks have historically stretched over several years.</p><p>Tugman said he and his colleagues tend to be \"risk-averse.\" When selecting new stocks for the portfolios they manage, they first consider downside risk, then focus on upside potential and come up with a risk/reward ratio. They steer clear of highly leveraged or unprofitable companies and those facing \"binary events,\" such as biotechnology developers holding trials.</p><p>Tugman named three value stocks he believes are attractive today:</p><ul><li>Citizens Financial Group Inc. CFG of Providence, R.I., is a regional bank with $183 billion in assets and about 1,000 branches in 11 states. Tugman called the stock’s valuation “attractive at roughly 11 times estimated 2021 earnings.” He said the bank’s credit quality was strong and that it was well positioned to benefit from the steepening yield curve. Citizens is one of the largest holdings of the Janus Henderson Mid Cap Value Fund.</li><li>United Community Banks Inc. UCBI is a holding of the Janus Henderson Small Cap Value Fund. It is based in Blairsville, Ga., has $17.8 billion in total assets, with branches in five states. The stock has a forward P/E ratio of 14.8, which is on the high side for a bank. “We do not think [that valuation is] egregious for a bank growing like they are,” Tugman said. He expects UCBI to continue growing its loan portfolio in the high single digits, which is an impressive organic growth rate for any bank.</li><li>Another small-cap holding is Sunstone Hotel Investors Inc. SHO, which is a real-estate investment trust that owns hotel buildings and leases them to operators licensed by Marriott, Hilton and other well-known brands. Tugman said hotel closures during the pandemic had caused a “cash burn,” but that Sunstone’s balance sheet was still healthy. With the industry beginning to reopen, he believes “SHO sets up well for the long term.”</li></ul><p>Stadlinger is the lead manager for the Columbia Small Cap Value Fund II , and has been involved with the fund's management since 2002. Jarl Ginsberg co-manages the fund, which is rated four stars by Morningstar.</p><p>During an interview, Stadlinger said that through 2019, small-cap growth stocks had been outperforming value for 10 years, because \"when growth is scarce, the market pays up more for growth.\" HE was referring to slow GDP growth in the U.S. But now economists polled by MarketWatch expect a 6% GDP growth rate for 2021.</p><p>\"[T]here will be a whole lot more money being spent. When that happens, value stocks have historically outperformed,\" he said.</p><p>The Columbia Small Cap Value Fund II holds about 100 stocks. Stadlinger said he and Ginsberg select value stocks they believe will turn into growth stocks as the companies' earnings improve. \"That's  how you get returns,\" he said.</p><p>Companies held by the fund that Stadlinger expects to switch to growth from value include Sunstone Hotel Investors, which is also held by Janus Henderson and described above. \"All the indicators are positive\" for the company as the industry reopens at full strength, he said.</p><p>Four more companies mentioned by Stadlinger:</p><ul><li>Herc Holdings Inc. HRI rents construction and earth-moving equipment. With the economy improving, “utilization is picking up quite a bit,” Stadlinger said. The company is based in Florida and mainly operates in southern states, where commercial and residential construction activity is strong. And Stadlinger believes a large round of federal infrastructure spending is “doable.”</li><li>Marriott Vacations Worldwide Corp. VAC is a timeshare operator. This is an industry whose business model has changed, at least for such a large player. If you own a timeshare with Marriott Vacations, you earn points that can be used to make exchanges with other timeshare properties operated by the company. Stadlinger said that unlike hotel operators, timeshare companies have continued to collect maintenance fees from most customers during the pandemic. So they have been undervalued. And now, as the travel industry reopens, various other revenue streams are resuming, including restaurant and pool fees, he said.</li><li>Atlantic Union Bankshares Corp. AUB is based in Richmond, Va., and has $19.6 billion in assets and 129 branches in three states. Stadllinger described AUB as the “largest independent bank left” in Virginia, with “very strong management” and good prospects for loan growth as the economy improves. He also believes the bank is a takeout target for J.P. Morgan Chase &amp; Co. JPM or Bank of America Corp. BAC if they wish to have an expanded presence in the state.</li><li>Ultra Clean Holdings Inc. UCTT makes chemicals and equipment used by semiconductor manufacturers. The stock trades for 15.9 times the consensus earnings estimate among analysts polled by FactSet. Stadlinger called UCTT “cheap” because of the growth prospects in its industry. The chip-making business is booming.</li></ul><p><b>Value vs growth</b></p><p>The broad stock market indexes are broken into overlapping value and growth groups. The value groups are larger, and the companies in them tend to have lower price-to-earnings and price-to-book ratios, as well as lower sales growth rates. The growth groups tend to have higher price valuations and higher growth rates. The companies in both camps show characteristics of both, or at least did the last time the indexes were rebalanced, which happens annually.</p><p>Here are total returns for the three broad S&amp;P indexes over the past six months, along with those of their value and growth subsets:</p><p><img src=\"https://static.tigerbbs.com/0e63cd85839b74ec79c0fdd789371f01\" tg-width=\"1242\" tg-height=\"428\"></p><p>So for all three indexes, the value groups have been in the lead for the past six months, as stocks have performed very well across the board.</p><p>But a long-term look at forward price-to-earnings valuations for exchange traded funds that track the groups shows a remarkable trend -- for mid-cap and small-cap stocks, P/E valuations for the value groups still appear relatively low.</p><p>First, let's look at large-caps -- here are the SPDR S&amp;P 500 ETF Trust <a href=\"https://laohu8.com/S/SPY.AU\">$(SPY.AU)$</a>, the <a href=\"https://laohu8.com/S/EEME\">iShares</a> S&amp;P 500 Value ETF <a href=\"https://laohu8.com/S/IVE\">$(IVE)$</a> and the SPDR Portfolio S&amp;P 500 Growth ETF <a href=\"https://laohu8.com/S/SPYG\">$(SPYG)$</a>:</p><p><img src=\"https://static.tigerbbs.com/fcb3602dcf8f7bf55944657020f0f7e3\" tg-width=\"1242\" tg-height=\"334\"></p><p>For the large-caps, P/E valuations are high across the board, but less so for value.</p><p>For mid-caps, here are  P/E comparisons for the <a href=\"https://laohu8.com/S/EGRW\">iShares</a> Core S&amp;P Mid Cap ETF <a href=\"https://laohu8.com/S/IJH\">$(IJH)$</a>, the SPDR S&amp;P 400 Mid Cap Value ETF <a href=\"https://laohu8.com/S/MDYV\">$(MDYV)$</a> and the <a href=\"https://laohu8.com/S/EMDI\">iShares</a> S&amp;P 500 Mid-cap 400 Growth ETF <a href=\"https://laohu8.com/S/IJK\">$(IJK)$</a>:</p><p><img src=\"https://static.tigerbbs.com/a0ebe986713e067cc68037f2816e84bc\" tg-width=\"1242\" tg-height=\"304\"></p><p>For small-cap stocks, here are P/E comparisons for the SPDR S&amp;P 600 Small Cap ETF <a href=\"https://laohu8.com/S/SLY\">$(SLY)$</a>, the <a href=\"https://laohu8.com/S/EMEY\">iShares</a> S&amp;P Small-Cap 600 Value ETF <a href=\"https://laohu8.com/S/IJS\">$(IJS)$</a> and the SPDR S&amp;P 600 Small Cap Growth ETF <a href=\"https://laohu8.com/S/SLYG\">$(SLYG)$</a>:</p><p><img src=\"https://static.tigerbbs.com/edc06e24728225e4387ff54a8dcfad02\" tg-width=\"1242\" tg-height=\"306\"></p><p>So for the small- and mid-cap value stocks, forward P/E ratios aren't very high when compared with 10-year averages, even after such a powerful rally.</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>Small-cap value stocks still look cheap even after big rally, two fund managers say</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\">\nSmall-cap value stocks still look cheap even after big rally, two fund managers say\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-03-30 19:31</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>Justin Tugman of Janus Henderson Investors and Christian Stadlinger of Columbia Threadneedle Investment highlight a handful of stocks that they say are still attractively priced.</blockquote><p>Value stocks have been on a tear over the past six months, as some growth stocks have fizzled out. But the value rally may still be at an early stage, according to two fund managers from different companies who hold small-cap and mid-cap stocks.</p><p>Justin Tugman of Janus Henderson Investors and Christian Stadlinger of Columbia Threadneedle Investments both made the case that the value rally will continue, especially for small-cap and mid-cap companies. The two mutual fund managers highlighted stocks that, they say, remain attractively priced.</p><p>At the bottom of this article are tables and charts showing how small- and mid-cap value stocks' price-to-earnings ratios haven't risen as much as those of the broad S&amp;P indexes and their growth subsets.</p><p>Tugman co-manages the Janus Henderson Small Cap Value Fund  with Craig Kempler, and also co-manages the Janus Henderson Mid Cap Value Fund  with Kevin Preloger. The Small Cap Value Fund is rated four stars (out of five) by Morningstar, while the Mid Cap Value Fund has a three-star rating.</p><p>When discussing the broad market rally since the pandemic bottom in March 2020, Tugman said the unprecedented monetary and  fiscal stimulus has pushed some investors to suspend \"any common sense when it comes to valuation metrics.\"</p><p>Following a long period during which growth stocks outperformed value, he believes investors' expectations for a rapidly growing U.S. economy and rising interest rates will continue to bode well for value stocks. He pointed out that periods of outperformance for value stocks have historically stretched over several years.</p><p>Tugman said he and his colleagues tend to be \"risk-averse.\" When selecting new stocks for the portfolios they manage, they first consider downside risk, then focus on upside potential and come up with a risk/reward ratio. They steer clear of highly leveraged or unprofitable companies and those facing \"binary events,\" such as biotechnology developers holding trials.</p><p>Tugman named three value stocks he believes are attractive today:</p><ul><li>Citizens Financial Group Inc. CFG of Providence, R.I., is a regional bank with $183 billion in assets and about 1,000 branches in 11 states. Tugman called the stock’s valuation “attractive at roughly 11 times estimated 2021 earnings.” He said the bank’s credit quality was strong and that it was well positioned to benefit from the steepening yield curve. Citizens is one of the largest holdings of the Janus Henderson Mid Cap Value Fund.</li><li>United Community Banks Inc. UCBI is a holding of the Janus Henderson Small Cap Value Fund. It is based in Blairsville, Ga., has $17.8 billion in total assets, with branches in five states. The stock has a forward P/E ratio of 14.8, which is on the high side for a bank. “We do not think [that valuation is] egregious for a bank growing like they are,” Tugman said. He expects UCBI to continue growing its loan portfolio in the high single digits, which is an impressive organic growth rate for any bank.</li><li>Another small-cap holding is Sunstone Hotel Investors Inc. SHO, which is a real-estate investment trust that owns hotel buildings and leases them to operators licensed by Marriott, Hilton and other well-known brands. Tugman said hotel closures during the pandemic had caused a “cash burn,” but that Sunstone’s balance sheet was still healthy. With the industry beginning to reopen, he believes “SHO sets up well for the long term.”</li></ul><p>Stadlinger is the lead manager for the Columbia Small Cap Value Fund II , and has been involved with the fund's management since 2002. Jarl Ginsberg co-manages the fund, which is rated four stars by Morningstar.</p><p>During an interview, Stadlinger said that through 2019, small-cap growth stocks had been outperforming value for 10 years, because \"when growth is scarce, the market pays up more for growth.\" HE was referring to slow GDP growth in the U.S. But now economists polled by MarketWatch expect a 6% GDP growth rate for 2021.</p><p>\"[T]here will be a whole lot more money being spent. When that happens, value stocks have historically outperformed,\" he said.</p><p>The Columbia Small Cap Value Fund II holds about 100 stocks. Stadlinger said he and Ginsberg select value stocks they believe will turn into growth stocks as the companies' earnings improve. \"That's  how you get returns,\" he said.</p><p>Companies held by the fund that Stadlinger expects to switch to growth from value include Sunstone Hotel Investors, which is also held by Janus Henderson and described above. \"All the indicators are positive\" for the company as the industry reopens at full strength, he said.</p><p>Four more companies mentioned by Stadlinger:</p><ul><li>Herc Holdings Inc. HRI rents construction and earth-moving equipment. With the economy improving, “utilization is picking up quite a bit,” Stadlinger said. The company is based in Florida and mainly operates in southern states, where commercial and residential construction activity is strong. And Stadlinger believes a large round of federal infrastructure spending is “doable.”</li><li>Marriott Vacations Worldwide Corp. VAC is a timeshare operator. This is an industry whose business model has changed, at least for such a large player. If you own a timeshare with Marriott Vacations, you earn points that can be used to make exchanges with other timeshare properties operated by the company. Stadlinger said that unlike hotel operators, timeshare companies have continued to collect maintenance fees from most customers during the pandemic. So they have been undervalued. And now, as the travel industry reopens, various other revenue streams are resuming, including restaurant and pool fees, he said.</li><li>Atlantic Union Bankshares Corp. AUB is based in Richmond, Va., and has $19.6 billion in assets and 129 branches in three states. Stadllinger described AUB as the “largest independent bank left” in Virginia, with “very strong management” and good prospects for loan growth as the economy improves. He also believes the bank is a takeout target for J.P. Morgan Chase &amp; Co. JPM or Bank of America Corp. BAC if they wish to have an expanded presence in the state.</li><li>Ultra Clean Holdings Inc. UCTT makes chemicals and equipment used by semiconductor manufacturers. The stock trades for 15.9 times the consensus earnings estimate among analysts polled by FactSet. Stadlinger called UCTT “cheap” because of the growth prospects in its industry. The chip-making business is booming.</li></ul><p><b>Value vs growth</b></p><p>The broad stock market indexes are broken into overlapping value and growth groups. The value groups are larger, and the companies in them tend to have lower price-to-earnings and price-to-book ratios, as well as lower sales growth rates. The growth groups tend to have higher price valuations and higher growth rates. The companies in both camps show characteristics of both, or at least did the last time the indexes were rebalanced, which happens annually.</p><p>Here are total returns for the three broad S&amp;P indexes over the past six months, along with those of their value and growth subsets:</p><p><img src=\"https://static.tigerbbs.com/0e63cd85839b74ec79c0fdd789371f01\" tg-width=\"1242\" tg-height=\"428\"></p><p>So for all three indexes, the value groups have been in the lead for the past six months, as stocks have performed very well across the board.</p><p>But a long-term look at forward price-to-earnings valuations for exchange traded funds that track the groups shows a remarkable trend -- for mid-cap and small-cap stocks, P/E valuations for the value groups still appear relatively low.</p><p>First, let's look at large-caps -- here are the SPDR S&amp;P 500 ETF Trust <a href=\"https://laohu8.com/S/SPY.AU\">$(SPY.AU)$</a>, the <a href=\"https://laohu8.com/S/EEME\">iShares</a> S&amp;P 500 Value ETF <a href=\"https://laohu8.com/S/IVE\">$(IVE)$</a> and the SPDR Portfolio S&amp;P 500 Growth ETF <a href=\"https://laohu8.com/S/SPYG\">$(SPYG)$</a>:</p><p><img src=\"https://static.tigerbbs.com/fcb3602dcf8f7bf55944657020f0f7e3\" tg-width=\"1242\" tg-height=\"334\"></p><p>For the large-caps, P/E valuations are high across the board, but less so for value.</p><p>For mid-caps, here are  P/E comparisons for the <a href=\"https://laohu8.com/S/EGRW\">iShares</a> Core S&amp;P Mid Cap ETF <a href=\"https://laohu8.com/S/IJH\">$(IJH)$</a>, the SPDR S&amp;P 400 Mid Cap Value ETF <a href=\"https://laohu8.com/S/MDYV\">$(MDYV)$</a> and the <a href=\"https://laohu8.com/S/EMDI\">iShares</a> S&amp;P 500 Mid-cap 400 Growth ETF <a href=\"https://laohu8.com/S/IJK\">$(IJK)$</a>:</p><p><img src=\"https://static.tigerbbs.com/a0ebe986713e067cc68037f2816e84bc\" tg-width=\"1242\" tg-height=\"304\"></p><p>For small-cap stocks, here are P/E comparisons for the SPDR S&amp;P 600 Small Cap ETF <a href=\"https://laohu8.com/S/SLY\">$(SLY)$</a>, the <a href=\"https://laohu8.com/S/EMEY\">iShares</a> S&amp;P Small-Cap 600 Value ETF <a href=\"https://laohu8.com/S/IJS\">$(IJS)$</a> and the SPDR S&amp;P 600 Small Cap Growth ETF <a href=\"https://laohu8.com/S/SLYG\">$(SLYG)$</a>:</p><p><img src=\"https://static.tigerbbs.com/edc06e24728225e4387ff54a8dcfad02\" tg-width=\"1242\" tg-height=\"306\"></p><p>So for the small- and mid-cap value stocks, forward P/E ratios aren't very high when compared with 10-year averages, even after such a powerful rally.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/26bf3bb7567240ee6086398a11a21c0a","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SDS":"两倍做空标普500ETF","OEX":"标普100","UCTT":"超科林半导体",".SPX":"S&P 500 Index","UPRO":"三倍做多标普500ETF","SSO":"两倍做多标普500ETF","IVV":"标普500指数ETF","SH":"标普500反向ETF","CFG":"Citizens Financial Group","SPXU":"三倍做空标普500ETF","SHO":"Sunstone Hotel Investors Inc","OEF":"标普100指数ETF-iShares","HRI":"Herc Holdings Inc.","AUB":"Union First Market Bankshares Co","VAC":"万豪度假环球"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2123291766","content_text":"Justin Tugman of Janus Henderson Investors and Christian Stadlinger of Columbia Threadneedle Investment highlight a handful of stocks that they say are still attractively priced.Value stocks have been on a tear over the past six months, as some growth stocks have fizzled out. But the value rally may still be at an early stage, according to two fund managers from different companies who hold small-cap and mid-cap stocks.Justin Tugman of Janus Henderson Investors and Christian Stadlinger of Columbia Threadneedle Investments both made the case that the value rally will continue, especially for small-cap and mid-cap companies. The two mutual fund managers highlighted stocks that, they say, remain attractively priced.At the bottom of this article are tables and charts showing how small- and mid-cap value stocks' price-to-earnings ratios haven't risen as much as those of the broad S&P indexes and their growth subsets.Tugman co-manages the Janus Henderson Small Cap Value Fund  with Craig Kempler, and also co-manages the Janus Henderson Mid Cap Value Fund  with Kevin Preloger. The Small Cap Value Fund is rated four stars (out of five) by Morningstar, while the Mid Cap Value Fund has a three-star rating.When discussing the broad market rally since the pandemic bottom in March 2020, Tugman said the unprecedented monetary and  fiscal stimulus has pushed some investors to suspend \"any common sense when it comes to valuation metrics.\"Following a long period during which growth stocks outperformed value, he believes investors' expectations for a rapidly growing U.S. economy and rising interest rates will continue to bode well for value stocks. He pointed out that periods of outperformance for value stocks have historically stretched over several years.Tugman said he and his colleagues tend to be \"risk-averse.\" When selecting new stocks for the portfolios they manage, they first consider downside risk, then focus on upside potential and come up with a risk/reward ratio. They steer clear of highly leveraged or unprofitable companies and those facing \"binary events,\" such as biotechnology developers holding trials.Tugman named three value stocks he believes are attractive today:Citizens Financial Group Inc. CFG of Providence, R.I., is a regional bank with $183 billion in assets and about 1,000 branches in 11 states. Tugman called the stock’s valuation “attractive at roughly 11 times estimated 2021 earnings.” He said the bank’s credit quality was strong and that it was well positioned to benefit from the steepening yield curve. Citizens is one of the largest holdings of the Janus Henderson Mid Cap Value Fund.United Community Banks Inc. UCBI is a holding of the Janus Henderson Small Cap Value Fund. It is based in Blairsville, Ga., has $17.8 billion in total assets, with branches in five states. The stock has a forward P/E ratio of 14.8, which is on the high side for a bank. “We do not think [that valuation is] egregious for a bank growing like they are,” Tugman said. He expects UCBI to continue growing its loan portfolio in the high single digits, which is an impressive organic growth rate for any bank.Another small-cap holding is Sunstone Hotel Investors Inc. SHO, which is a real-estate investment trust that owns hotel buildings and leases them to operators licensed by Marriott, Hilton and other well-known brands. Tugman said hotel closures during the pandemic had caused a “cash burn,” but that Sunstone’s balance sheet was still healthy. With the industry beginning to reopen, he believes “SHO sets up well for the long term.”Stadlinger is the lead manager for the Columbia Small Cap Value Fund II , and has been involved with the fund's management since 2002. Jarl Ginsberg co-manages the fund, which is rated four stars by Morningstar.During an interview, Stadlinger said that through 2019, small-cap growth stocks had been outperforming value for 10 years, because \"when growth is scarce, the market pays up more for growth.\" HE was referring to slow GDP growth in the U.S. But now economists polled by MarketWatch expect a 6% GDP growth rate for 2021.\"[T]here will be a whole lot more money being spent. When that happens, value stocks have historically outperformed,\" he said.The Columbia Small Cap Value Fund II holds about 100 stocks. Stadlinger said he and Ginsberg select value stocks they believe will turn into growth stocks as the companies' earnings improve. \"That's  how you get returns,\" he said.Companies held by the fund that Stadlinger expects to switch to growth from value include Sunstone Hotel Investors, which is also held by Janus Henderson and described above. \"All the indicators are positive\" for the company as the industry reopens at full strength, he said.Four more companies mentioned by Stadlinger:Herc Holdings Inc. HRI rents construction and earth-moving equipment. With the economy improving, “utilization is picking up quite a bit,” Stadlinger said. The company is based in Florida and mainly operates in southern states, where commercial and residential construction activity is strong. And Stadlinger believes a large round of federal infrastructure spending is “doable.”Marriott Vacations Worldwide Corp. VAC is a timeshare operator. This is an industry whose business model has changed, at least for such a large player. If you own a timeshare with Marriott Vacations, you earn points that can be used to make exchanges with other timeshare properties operated by the company. Stadlinger said that unlike hotel operators, timeshare companies have continued to collect maintenance fees from most customers during the pandemic. So they have been undervalued. And now, as the travel industry reopens, various other revenue streams are resuming, including restaurant and pool fees, he said.Atlantic Union Bankshares Corp. AUB is based in Richmond, Va., and has $19.6 billion in assets and 129 branches in three states. Stadllinger described AUB as the “largest independent bank left” in Virginia, with “very strong management” and good prospects for loan growth as the economy improves. He also believes the bank is a takeout target for J.P. Morgan Chase & Co. JPM or Bank of America Corp. BAC if they wish to have an expanded presence in the state.Ultra Clean Holdings Inc. UCTT makes chemicals and equipment used by semiconductor manufacturers. The stock trades for 15.9 times the consensus earnings estimate among analysts polled by FactSet. Stadlinger called UCTT “cheap” because of the growth prospects in its industry. The chip-making business is booming.Value vs growthThe broad stock market indexes are broken into overlapping value and growth groups. The value groups are larger, and the companies in them tend to have lower price-to-earnings and price-to-book ratios, as well as lower sales growth rates. The growth groups tend to have higher price valuations and higher growth rates. The companies in both camps show characteristics of both, or at least did the last time the indexes were rebalanced, which happens annually.Here are total returns for the three broad S&P indexes over the past six months, along with those of their value and growth subsets:So for all three indexes, the value groups have been in the lead for the past six months, as stocks have performed very well across the board.But a long-term look at forward price-to-earnings valuations for exchange traded funds that track the groups shows a remarkable trend -- for mid-cap and small-cap stocks, P/E valuations for the value groups still appear relatively low.First, let's look at large-caps -- here are the SPDR S&P 500 ETF Trust $(SPY.AU)$, the iShares S&P 500 Value ETF $(IVE)$ and the SPDR Portfolio S&P 500 Growth ETF $(SPYG)$:For the large-caps, P/E valuations are high across the board, but less so for value.For mid-caps, here are  P/E comparisons for the iShares Core S&P Mid Cap ETF $(IJH)$, the SPDR S&P 400 Mid Cap Value ETF $(MDYV)$ and the iShares S&P 500 Mid-cap 400 Growth ETF $(IJK)$:For small-cap stocks, here are P/E comparisons for the SPDR S&P 600 Small Cap ETF $(SLY)$, the iShares S&P Small-Cap 600 Value ETF $(IJS)$ and the SPDR S&P 600 Small Cap Growth ETF $(SLYG)$:So for the small- and mid-cap value stocks, forward P/E ratios aren't very high when compared with 10-year averages, even after such a powerful rally.","news_type":1},"isVote":1,"tweetType":1,"viewCount":173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9077805601,"gmtCreate":1658481987203,"gmtModify":1676536166009,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"can write on sqqq etf?","listText":"can write on sqqq etf?","text":"can write on sqqq etf?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9077805601","repostId":"1149295629","repostType":4,"isVote":1,"tweetType":1,"viewCount":221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045110898,"gmtCreate":1656575479714,"gmtModify":1676535856668,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"the main rhino in grey is inventory sale ratio","listText":"the main rhino in grey is inventory sale ratio","text":"the main rhino in grey is inventory sale ratio","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045110898","repostId":"2247799048","repostType":4,"repost":{"id":"2247799048","kind":"highlight","pubTimestamp":1656572520,"share":"https://ttm.financial/m/news/2247799048?lang=&edition=fundamental","pubTime":"2022-06-30 15:02","market":"us","language":"en","title":"Amazon Is Not Alibaba In This Correction Phase","url":"https://stock-news.laohu8.com/highlight/detail?id=2247799048","media":"Seekingalpha","summary":"Amazon (NASDAQ:AMZN) seems to be facing a massive headwind due to regulatory pressures in US as well","content":"<html><head></head><body><p>Amazon (NASDAQ:AMZN) seems to be facing a massive headwind due to regulatory pressures in US as well as important international regions. The regulatory concerns are overhyped by Wall Street because there are few issues against Amazon which will cause a long-term erosion of its growth potential. Alibaba (BABA) has seen over 60% of its stock value decline in 2021 due to regulatory issues in China. However, it should be noted that Alibaba has a very high dependence on its Chinese market. The revenue base of Amazon is much more diversified. Amazon has also built a variety of business segments that should shield against any major regulatory roadblock making Amazon stock a Strong Buy at the current price point.</p><p>A key concern for regulators is that Amazon prioritizes its own branded goods against other sellers on its e-commerce platform. However, this is the same business model used by offline retailers like Costco (COST), Walmart (WMT), Kroger (KR) and others in US. Even major European retailers like Aldi, Lidl, Tesco, and others are known to advertise their own store-branded products. Amazon&#39;s own branded goods also form a very small fraction of total e-commerce business. If there is strong opposition to it, we could see the management reduce these products without causing a negative impact on the key metrics of the company.</p><p>Amazon also does not have a high market share in any single segment it operates in. The market share is barely 40% in cloud computing, 10% in online advertising, and less than 10% in the total retail market. Even the e-commerce market share of the company is falling as other online competitors ramp up their own operations. This should limit any anti-monopolistic legislation against the company.</p><p>Investors looking for a buy-and-hold strategy in Amazon should not worry about regulatory challenges. The company is in a good position to weather most of the regulatory headwinds and still deliver healthy growth over the next few years.</p><h2>Short-term correction phase</h2><p>Amazon has seen a significant correction in the last three months as news of higher inflationary headwinds started trickling in. The correction in Amazon stock is higher than all other big tech companies including Apple (AAPL), Alphabet (GOOG), Microsoft (MSFT), and even <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> (META).</p><p></p><p><img src=\"https://static.tigerbbs.com/073967acb882b9814134594b470b2eb4\" tg-width=\"640\" tg-height=\"295\" referrerpolicy=\"no-referrer\"/></p><p>Ycharts</p><p>Figure 1: Correction in Amazon stock outpaces other Big Tech companies.</p><p>One of the reasons behind this correction has been the scary growth numbers reported by Amazon. Wall Street has seen the headline single-digit growth numbers and developed a bearish sentiment towards the stock. However, it is very important to dig deeper into the growth rates of individual segments. The most lucrative segments for Amazon are AWS, advertising, and subscription. All these three segments have reported good growth rates which has increased their contribution to the revenue mix.</p><p>The current inflationary challenge is caused due to higher energy costs and the rebound in most economies as the pandemic restrictions have reduced. These factors are likely to be transitory and do not impact the long-term growth trajectory of Amazon.</p><p>It should also be noted that Amazon had tougher comps in the latest quarter. In the year-ago quarter, Amazon delivered over 40% YoY revenue growth. Hence, the lower growth in the latest quarter was more about absorbing the pandemic-related growth jump. From next quarter, Amazon will start seeing easier comps which should help the company report better growth rates.</p><p>Amazon still faces long-term risk due to regulatory headwinds. However, the company has been able to build a strong moat to weather the regulatory storm. The revenue mix is well-diversified between AWS, advertising, subscription, e-commerce, hardware and other businesses. Amazon also receives a big chunk of revenue from different international regions which should reduce the regulatory risk in a particular region. In this aspect, Amazon is placed in a better position compared to Alibaba.</p><h2>Amazon is not Alibaba</h2><p>There are several differences between Amazon and Alibaba in terms of their regulatory battles. However, one of the main differences is that Alibaba had to absorb extreme regulatory pressure due to its Chinese operations. On the other hand, Amazon has recourse to courts in US, Europe, India and other regions. It has recently seen positive results from a $1 billion fine that was levied on it in Europe in July. FTC has recently launched a case against Amazon saying that it shows &#34;deceptive&#34; ads on its search results. While the final judgment might go against Amazon, it would not be as heavy-handed an approach as faced by Alibaba.</p><p>Amazon also went to the courts in India during its battle with another retail giant. Even though Amazon does not have a home team advantage in India, it is able to pursue all available legal options. This is a major difference from Alibaba&#39;s position in China.</p><p>Amazon also has a wider mix of services within its revenue base compared to Alibaba. Amazon has built an enviable computing business, a strong online advertising segment, a subscription business, and is geographically very diverse.</p><p></p><p><img src=\"https://static.tigerbbs.com/6982884757604b8fd92ebce683c1ab92\" tg-width=\"640\" tg-height=\"99\" referrerpolicy=\"no-referrer\"/></p><p>Company Filings</p><p>Figure 2: International segment revenue base of Amazon.</p><p>Amazon&#39;s international segment revenue has crossed $125 billion in the trailing twelve months. This is equal to 28% of the total revenue base of the company. AWS is available across the globe and has a better economic moat than Alibaba Cloud which heavily depends on its business in China.</p><h2>Monopolistic market share</h2><p>Amazon looks like a behemoth in terms of its market valuation and presence in different segments. However, it does not fulfill the basic requirement of being a monopolistic player which is a massive market share. Most of the segments where Amazon is present have a market share of less than 30%. Even businesses like cloud computing in which Amazon had a first-mover advantage have a market share of less than 50%.</p><p></p><p><img src=\"https://static.tigerbbs.com/53509346a010a716676106b1e7e2e547\" tg-width=\"870\" tg-height=\"515\" referrerpolicy=\"no-referrer\"/></p><p>Gartner</p><p>Figure 3: Market share of vendors in Infrastructure as a service.</p><p>According to the above chart by Gartner, Amazon&#39;s cloud market share is declining while Microsoft (MSFT), Google (GOOG), and others are increasing their market share. The market share of AWS in the cloud segment is far from the monopolistic market share of Google in online search or Meta Platforms (META) in social media industry. If we see some anti-monopolistic legislation against Big Tech, Amazon would not be in the front trenches.</p><p>Similarly, Amazon&#39;s market share in online advertising is very low compared to the duopoly of Google and Facebook. Even the e-commerce market share of Amazon is quite low considering it was a market innovator in this space.</p><p></p><p><img src=\"https://static.tigerbbs.com/100dc5dc5e55e6963db0f0a5aad16a50\" tg-width=\"510\" tg-height=\"283\" referrerpolicy=\"no-referrer\"/></p><p>eMarketer</p><p>Figure 4: e-commerce market share of companies.</p><h2>Self-promotion</h2><p>Another big regulatory issue that is mentioned for Amazon is that it promotes its own branded products against other vendors. An ideal example is AmazonBasics which become the top private label brand on its e-commerce platform. However, a similar business model is followed by every retailer. Costco&#39;s Kirkland Signature private label is now one of the biggest private brand in US with over $40 billion in revenue. Walmart has its own range of private labels. European retailers like Aldi, Lidl, Tesco, and others are well known for promoting their own store brands. This practice has been used for several decades without any regulatory issues.</p><p>The only difference is that these companies work in the offline space while Amazon works in the online space. However, as most of these companies ramp up their own online retail platforms, they would be promoting their own private labels. This makes the argument against Amazon quite moot.</p><p>It is also important to note that most of the profits for Amazon do not come from its e-commerce business. The AWS segment alone has been contributing close to 60% of its operating income. Advertising and subscription are also very important and rapidly growing segments for Amazon. Hence, it would not be a major disruption for Amazon if it is asked to reduce the promotion of its private labels on the e-commerce platform.</p><h2>Long-term growth options</h2><p>A big hurdle against future growth in stock valuation for Amazon is that it is already too big. However, this argument might be wrong because a large part of Amazon&#39;s valuation comes from its international operations. For example, Amazon&#39;s operations in India could have a standalone valuation of over $100 billion depending on peer comparison of other players in this region. Walmart&#39;s Flipkart in India is looking for an IPO in 2023 at close to $70 billion valuation and it does not have a streaming platform or subscription business like Amazon India.</p><p>Amazon is also improving its high-margin businesses like advertising, AWS, and subscription. Hence, even with low revenue growth, we could see faster growth in the operating income over the next few quarters which can drive bullish sentiment for the stock.</p><p></p><p><img src=\"https://static.tigerbbs.com/3f1fabddd11bdfcb14427928267c99fa\" tg-width=\"640\" tg-height=\"178\" referrerpolicy=\"no-referrer\"/></p><p>Amazon Filings</p><p>Figure 5: Amazon&#39;s revenue growth in subscription, AWS, and advertising business.</p><p>Amazon reported over $34 billion of revenue from AWS, subscriptions, and advertising in the latest quarter. On an annualized basis this is close to $140 billion. The revenue share of these high-growth segments is over 30% in the latest quarter. Almost all the incremental revenue for Amazon is coming from these high-margin segments. This will be the key driver for future stock growth in Amazon. All these businesses face lower regulatory hurdles compared to Amazon&#39;s e-commerce business. Hence, the regulatory headwinds are unlikely to become a long-term challenge for the company.</p><h2>Investor Takeaway</h2><p>Amazon is facing a number of regulatory issues, however, this will not be a big obstacle to future stock growth. Amazon has a well-diversified revenue base in different regions of the globe. This is a key advantage of Amazon compared to Alibaba which depended heavily on its business in China. Amazon does not have a monopolistic market share in a single segment where it operates. This should reduce any fines or antitrust regulations against the company.</p><p>The future valuation growth for the company will be through its AWS, subscription, and advertising business. These segments already contribute over 30% of the revenue base for Amazon and have a much higher contribution in terms of operating income. These businesses face much lower regulatory scrutiny and should allow the company to increase its operating income at a faster pace compared to overall revenue growth. Amazon stock remains a Strong Buy for investors with a longer investment horizon and it is unlikely that regulatory challenges will limit the future growth of the company.</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>Amazon Is Not Alibaba In This Correction Phase</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\">\nAmazon Is Not Alibaba In This Correction Phase\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-30 15:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4520920-amazon-is-not-alibaba-in-this-correction-phase><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon (NASDAQ:AMZN) seems to be facing a massive headwind due to regulatory pressures in US as well as important international regions. The regulatory concerns are overhyped by Wall Street because ...</p>\n\n<a href=\"https://seekingalpha.com/article/4520920-amazon-is-not-alibaba-in-this-correction-phase\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4520920-amazon-is-not-alibaba-in-this-correction-phase","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2247799048","content_text":"Amazon (NASDAQ:AMZN) seems to be facing a massive headwind due to regulatory pressures in US as well as important international regions. The regulatory concerns are overhyped by Wall Street because there are few issues against Amazon which will cause a long-term erosion of its growth potential. Alibaba (BABA) has seen over 60% of its stock value decline in 2021 due to regulatory issues in China. However, it should be noted that Alibaba has a very high dependence on its Chinese market. The revenue base of Amazon is much more diversified. Amazon has also built a variety of business segments that should shield against any major regulatory roadblock making Amazon stock a Strong Buy at the current price point.A key concern for regulators is that Amazon prioritizes its own branded goods against other sellers on its e-commerce platform. However, this is the same business model used by offline retailers like Costco (COST), Walmart (WMT), Kroger (KR) and others in US. Even major European retailers like Aldi, Lidl, Tesco, and others are known to advertise their own store-branded products. Amazon's own branded goods also form a very small fraction of total e-commerce business. If there is strong opposition to it, we could see the management reduce these products without causing a negative impact on the key metrics of the company.Amazon also does not have a high market share in any single segment it operates in. The market share is barely 40% in cloud computing, 10% in online advertising, and less than 10% in the total retail market. Even the e-commerce market share of the company is falling as other online competitors ramp up their own operations. This should limit any anti-monopolistic legislation against the company.Investors looking for a buy-and-hold strategy in Amazon should not worry about regulatory challenges. The company is in a good position to weather most of the regulatory headwinds and still deliver healthy growth over the next few years.Short-term correction phaseAmazon has seen a significant correction in the last three months as news of higher inflationary headwinds started trickling in. The correction in Amazon stock is higher than all other big tech companies including Apple (AAPL), Alphabet (GOOG), Microsoft (MSFT), and even Meta Platforms (META).YchartsFigure 1: Correction in Amazon stock outpaces other Big Tech companies.One of the reasons behind this correction has been the scary growth numbers reported by Amazon. Wall Street has seen the headline single-digit growth numbers and developed a bearish sentiment towards the stock. However, it is very important to dig deeper into the growth rates of individual segments. The most lucrative segments for Amazon are AWS, advertising, and subscription. All these three segments have reported good growth rates which has increased their contribution to the revenue mix.The current inflationary challenge is caused due to higher energy costs and the rebound in most economies as the pandemic restrictions have reduced. These factors are likely to be transitory and do not impact the long-term growth trajectory of Amazon.It should also be noted that Amazon had tougher comps in the latest quarter. In the year-ago quarter, Amazon delivered over 40% YoY revenue growth. Hence, the lower growth in the latest quarter was more about absorbing the pandemic-related growth jump. From next quarter, Amazon will start seeing easier comps which should help the company report better growth rates.Amazon still faces long-term risk due to regulatory headwinds. However, the company has been able to build a strong moat to weather the regulatory storm. The revenue mix is well-diversified between AWS, advertising, subscription, e-commerce, hardware and other businesses. Amazon also receives a big chunk of revenue from different international regions which should reduce the regulatory risk in a particular region. In this aspect, Amazon is placed in a better position compared to Alibaba.Amazon is not AlibabaThere are several differences between Amazon and Alibaba in terms of their regulatory battles. However, one of the main differences is that Alibaba had to absorb extreme regulatory pressure due to its Chinese operations. On the other hand, Amazon has recourse to courts in US, Europe, India and other regions. It has recently seen positive results from a $1 billion fine that was levied on it in Europe in July. FTC has recently launched a case against Amazon saying that it shows \"deceptive\" ads on its search results. While the final judgment might go against Amazon, it would not be as heavy-handed an approach as faced by Alibaba.Amazon also went to the courts in India during its battle with another retail giant. Even though Amazon does not have a home team advantage in India, it is able to pursue all available legal options. This is a major difference from Alibaba's position in China.Amazon also has a wider mix of services within its revenue base compared to Alibaba. Amazon has built an enviable computing business, a strong online advertising segment, a subscription business, and is geographically very diverse.Company FilingsFigure 2: International segment revenue base of Amazon.Amazon's international segment revenue has crossed $125 billion in the trailing twelve months. This is equal to 28% of the total revenue base of the company. AWS is available across the globe and has a better economic moat than Alibaba Cloud which heavily depends on its business in China.Monopolistic market shareAmazon looks like a behemoth in terms of its market valuation and presence in different segments. However, it does not fulfill the basic requirement of being a monopolistic player which is a massive market share. Most of the segments where Amazon is present have a market share of less than 30%. Even businesses like cloud computing in which Amazon had a first-mover advantage have a market share of less than 50%.GartnerFigure 3: Market share of vendors in Infrastructure as a service.According to the above chart by Gartner, Amazon's cloud market share is declining while Microsoft (MSFT), Google (GOOG), and others are increasing their market share. The market share of AWS in the cloud segment is far from the monopolistic market share of Google in online search or Meta Platforms (META) in social media industry. If we see some anti-monopolistic legislation against Big Tech, Amazon would not be in the front trenches.Similarly, Amazon's market share in online advertising is very low compared to the duopoly of Google and Facebook. Even the e-commerce market share of Amazon is quite low considering it was a market innovator in this space.eMarketerFigure 4: e-commerce market share of companies.Self-promotionAnother big regulatory issue that is mentioned for Amazon is that it promotes its own branded products against other vendors. An ideal example is AmazonBasics which become the top private label brand on its e-commerce platform. However, a similar business model is followed by every retailer. Costco's Kirkland Signature private label is now one of the biggest private brand in US with over $40 billion in revenue. Walmart has its own range of private labels. European retailers like Aldi, Lidl, Tesco, and others are well known for promoting their own store brands. This practice has been used for several decades without any regulatory issues.The only difference is that these companies work in the offline space while Amazon works in the online space. However, as most of these companies ramp up their own online retail platforms, they would be promoting their own private labels. This makes the argument against Amazon quite moot.It is also important to note that most of the profits for Amazon do not come from its e-commerce business. The AWS segment alone has been contributing close to 60% of its operating income. Advertising and subscription are also very important and rapidly growing segments for Amazon. Hence, it would not be a major disruption for Amazon if it is asked to reduce the promotion of its private labels on the e-commerce platform.Long-term growth optionsA big hurdle against future growth in stock valuation for Amazon is that it is already too big. However, this argument might be wrong because a large part of Amazon's valuation comes from its international operations. For example, Amazon's operations in India could have a standalone valuation of over $100 billion depending on peer comparison of other players in this region. Walmart's Flipkart in India is looking for an IPO in 2023 at close to $70 billion valuation and it does not have a streaming platform or subscription business like Amazon India.Amazon is also improving its high-margin businesses like advertising, AWS, and subscription. Hence, even with low revenue growth, we could see faster growth in the operating income over the next few quarters which can drive bullish sentiment for the stock.Amazon FilingsFigure 5: Amazon's revenue growth in subscription, AWS, and advertising business.Amazon reported over $34 billion of revenue from AWS, subscriptions, and advertising in the latest quarter. On an annualized basis this is close to $140 billion. The revenue share of these high-growth segments is over 30% in the latest quarter. Almost all the incremental revenue for Amazon is coming from these high-margin segments. This will be the key driver for future stock growth in Amazon. All these businesses face lower regulatory hurdles compared to Amazon's e-commerce business. Hence, the regulatory headwinds are unlikely to become a long-term challenge for the company.Investor TakeawayAmazon is facing a number of regulatory issues, however, this will not be a big obstacle to future stock growth. Amazon has a well-diversified revenue base in different regions of the globe. This is a key advantage of Amazon compared to Alibaba which depended heavily on its business in China. Amazon does not have a monopolistic market share in a single segment where it operates. This should reduce any fines or antitrust regulations against the company.The future valuation growth for the company will be through its AWS, subscription, and advertising business. These segments already contribute over 30% of the revenue base for Amazon and have a much higher contribution in terms of operating income. These businesses face much lower regulatory scrutiny and should allow the company to increase its operating income at a faster pace compared to overall revenue growth. Amazon stock remains a Strong Buy for investors with a longer investment horizon and it is unlikely that regulatory challenges will limit the future growth of the company.","news_type":1},"isVote":1,"tweetType":1,"viewCount":253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9061411360,"gmtCreate":1651664862932,"gmtModify":1676534944295,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"Bear","listText":"Bear","text":"Bear","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9061411360","repostId":"2232305766","repostType":2,"repost":{"id":"2232305766","kind":"news","pubTimestamp":1651657951,"share":"https://ttm.financial/m/news/2232305766?lang=&edition=fundamental","pubTime":"2022-05-04 17:52","market":"us","language":"en","title":"Federal Reserve Poised for First 50bp Rate Hike in 22 Years: FOMC Preview","url":"https://stock-news.laohu8.com/highlight/detail?id=2232305766","media":"seekingalpha","summary":"Bet_Noire/iStock via Getty ImagesFederal Reserve policymakers have explained what they plan to do on","content":"<html><head></head><body><p></p><p><img src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1308151136/image_1308151136.jpg?io=getty-c-w750\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Bet_Noire/iStock via Getty Images</p><p></p><p>Federal Reserve policymakers have explained what they plan to do on Wednesday in their comments up through April 23. They&#39;re set to hike rates by 50 basis points at this meeting and likely subsequent ones, and they&#39;ll start shrinking the central bank&#39;s balance sheet in June.</p><p>The federal funds rate target range currently stands at 0.25%-0.50% after the Federal Open Market Committee hiked the benchmark rate range by 25bps at the March meeting, its first increase since 2018.</p><p>&#34;For the first time in 22 years, the Federal Reserve is poised to raise interest rates by more than a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-quarter percentage point increment, and at consecutive meetings for the first time in 16 years,&#34; Bankrate Chief Financial Analyst Greg McBride said. FOMC consensus points to a half-point rate hike, with more to come if the Fed seeks to push benchmark rates to 2.5% by year-end, he added.</p><p>The question isn&#39;t whether the Fed needs to be hawkish, it&#39;s &#34;only a debate as to what the right hawkish approach is,&#34; wrote Evecore ISI&#39;s Krishna Guha and Peter Williams in a note to clients.</p><p>The strength of the labor market supports the expected larger-than usual hike. On Tuesday, the U.S. Department of Labor said job openings in March reached 11.5M, the highest since it started collecting the data in 2000, from 11.3M in February. The job openings rate of 7.1% edged up from 7.0% in the previous month.</p><p><b>Balance sheet matters:</b> The rate hikes &#34;will occur as the Fed simultaneously embarks on the long-awaited reduction in its balance sheet, which we think will shrink by nearly $3T through the end of 2024, from $8.93T today.&#34; wrote RSM chief U.S. economist Joseph Brusuelas in a note. He also expects the Fed to increase its policy rate to at least 2.5% by year-end.</p><p>So far, the Fed appears only willing to let maturing Treasury securities and mortgage-backed securities run off of its balance sheet. If the FOMC feels the need to take stronger action to control inflation, it may consider selling some securities.</p><p>&#34;I think he (Fed Chair Jerome Powell) will say that asset sales are a tool that could be used in the future but remind us that the plan is to use interest rates as the primary policy tool; QT runs in the background and the path of rates will be adjusted as needed given QT,&#34; said Tim Duy, chief U.S. economist at SGH Macro.</p><p>He expects at least four 50bp rate hikes in the Fed&#39;s quest to restore price stability. &#34;Powell likely doesn&#39;t want to feed into any hopes of a 75bp hike, but if he lends any credence to that story, even accidentally, market participants will rush to price in 75bp for the June meeting,&#34; Duy wrote in a note to clients.</p><p><b>Geopolitical risks:</b> Will increased risks from the Russia-Ukraine war and Covid lockdowns in China lead the Fed to ease up on tightening? Not likely.</p><p>&#34;We think the Fed recognizes that the war/Europe and China/Covid lockdowns are important and present risks to both growth and inflation,&#34; said Evercore ISI&#39;s Krishna Guha and Peter Williams. &#34;But the FOMC will stay focused on upside domestic inflation risk, respond up-front to potential further global inflation pressures and respond to spillovers from global growth weakness and related FCI tightening only as it materializes.&#34;</p><p>For U.S. households, the implications of the rate increases are clear-cut. Borrowing will cost more and savings will earn more. &#34;This hints at the steps households should be taking to stabilize their finances – pay down debt, especially costly credit card and other variable rate debt, and boost emergency savings. Both will enable you to better weather rising interest rates, and whatever might come next economically,&#34; said Bankrate&#39;s McBride.</p><p>For banks, higher rates increase their net interest income, but &#34;the rapid rise in the back end of the (yield) curve has hit GAAP book value,&#34; wrote a group of equity analysts led by Betsy Graseck. In addition, tighter financial conditions would ultimately slow loan growth. And the Fed shrinking its balance sheet will slow deposit growth as well. In addition, the sharply higher rates will hit banks&#39; capital ratios.</p><p>As such, the <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> analysts are reducing their stock buyback estimates for banks. &#34;We believe management teams will be more conservative with share repurchases going forward. We are reducing our buybacks for the rest of 2022 by 40%,&#34; they said.</p><p>SA contributor John M. Mason sees a 50bp hike on Wednesday followed by at least two more moves this year.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Federal Reserve Poised for First 50bp Rate Hike in 22 Years: FOMC Preview</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\">\nFederal Reserve Poised for First 50bp Rate Hike in 22 Years: FOMC Preview\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-04 17:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3830390-federal-reserve-poised-half-point-rate-hike><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bet_Noire/iStock via Getty ImagesFederal Reserve policymakers have explained what they plan to do on Wednesday in their comments up through April 23. They're set to hike rates by 50 basis points at ...</p>\n\n<a href=\"https://seekingalpha.com/news/3830390-federal-reserve-poised-half-point-rate-hike\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://seekingalpha.com/news/3830390-federal-reserve-poised-half-point-rate-hike","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2232305766","content_text":"Bet_Noire/iStock via Getty ImagesFederal Reserve policymakers have explained what they plan to do on Wednesday in their comments up through April 23. They're set to hike rates by 50 basis points at this meeting and likely subsequent ones, and they'll start shrinking the central bank's balance sheet in June.The federal funds rate target range currently stands at 0.25%-0.50% after the Federal Open Market Committee hiked the benchmark rate range by 25bps at the March meeting, its first increase since 2018.\"For the first time in 22 years, the Federal Reserve is poised to raise interest rates by more than a one-quarter percentage point increment, and at consecutive meetings for the first time in 16 years,\" Bankrate Chief Financial Analyst Greg McBride said. FOMC consensus points to a half-point rate hike, with more to come if the Fed seeks to push benchmark rates to 2.5% by year-end, he added.The question isn't whether the Fed needs to be hawkish, it's \"only a debate as to what the right hawkish approach is,\" wrote Evecore ISI's Krishna Guha and Peter Williams in a note to clients.The strength of the labor market supports the expected larger-than usual hike. On Tuesday, the U.S. Department of Labor said job openings in March reached 11.5M, the highest since it started collecting the data in 2000, from 11.3M in February. The job openings rate of 7.1% edged up from 7.0% in the previous month.Balance sheet matters: The rate hikes \"will occur as the Fed simultaneously embarks on the long-awaited reduction in its balance sheet, which we think will shrink by nearly $3T through the end of 2024, from $8.93T today.\" wrote RSM chief U.S. economist Joseph Brusuelas in a note. He also expects the Fed to increase its policy rate to at least 2.5% by year-end.So far, the Fed appears only willing to let maturing Treasury securities and mortgage-backed securities run off of its balance sheet. If the FOMC feels the need to take stronger action to control inflation, it may consider selling some securities.\"I think he (Fed Chair Jerome Powell) will say that asset sales are a tool that could be used in the future but remind us that the plan is to use interest rates as the primary policy tool; QT runs in the background and the path of rates will be adjusted as needed given QT,\" said Tim Duy, chief U.S. economist at SGH Macro.He expects at least four 50bp rate hikes in the Fed's quest to restore price stability. \"Powell likely doesn't want to feed into any hopes of a 75bp hike, but if he lends any credence to that story, even accidentally, market participants will rush to price in 75bp for the June meeting,\" Duy wrote in a note to clients.Geopolitical risks: Will increased risks from the Russia-Ukraine war and Covid lockdowns in China lead the Fed to ease up on tightening? Not likely.\"We think the Fed recognizes that the war/Europe and China/Covid lockdowns are important and present risks to both growth and inflation,\" said Evercore ISI's Krishna Guha and Peter Williams. \"But the FOMC will stay focused on upside domestic inflation risk, respond up-front to potential further global inflation pressures and respond to spillovers from global growth weakness and related FCI tightening only as it materializes.\"For U.S. households, the implications of the rate increases are clear-cut. Borrowing will cost more and savings will earn more. \"This hints at the steps households should be taking to stabilize their finances – pay down debt, especially costly credit card and other variable rate debt, and boost emergency savings. Both will enable you to better weather rising interest rates, and whatever might come next economically,\" said Bankrate's McBride.For banks, higher rates increase their net interest income, but \"the rapid rise in the back end of the (yield) curve has hit GAAP book value,\" wrote a group of equity analysts led by Betsy Graseck. In addition, tighter financial conditions would ultimately slow loan growth. And the Fed shrinking its balance sheet will slow deposit growth as well. In addition, the sharply higher rates will hit banks' capital ratios.As such, the Morgan Stanley analysts are reducing their stock buyback estimates for banks. \"We believe management teams will be more conservative with share repurchases going forward. We are reducing our buybacks for the rest of 2022 by 40%,\" they said.SA contributor John M. Mason sees a 50bp hike on Wednesday followed by at least two more moves this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":379282552,"gmtCreate":1618746340876,"gmtModify":1704714539712,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"4.5% of GDP not bad","listText":"4.5% of GDP not bad","text":"4.5% of GDP not bad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/379282552","repostId":"1155509413","repostType":4,"repost":{"id":"1155509413","kind":"news","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":1618587639,"share":"https://ttm.financial/m/news/1155509413?lang=&edition=fundamental","pubTime":"2021-04-16 23:40","market":"us","language":"en","title":"Taiwan's Drought Poses Additional Threat To Looming Global Chip Crisis: WSJ","url":"https://stock-news.laohu8.com/highlight/detail?id=1155509413","media":"Benzinga","summary":"Taiwan’s severe drought could aggravate the ongoing global chip crisis as semiconductor producers required a massive water supply to clean the wafer base, etch patterns, polish layers and rinse components throughout the manufacturing process, the Wall Street Journal reports.Taiwan’s semiconductor wafer-fabrication factories  accounted for two-thirds of the global manufacturing capacity. Most of that capacity belonged to contract chip manufacturer Taiwan Semiconductor Manufacturing Co Ltd .Taiwan","content":"<p>Taiwan’s severe drought could aggravate the ongoing global chip crisis as semiconductor producers required a massive water supply to clean the wafer base, etch patterns, polish layers and rinse components throughout the manufacturing process, the&nbsp;Wall Street Journal reports.</p>\n<p>Taiwan’s semiconductor wafer-fabrication factories (fabs) accounted for two-thirds of the global manufacturing capacity. Most of that capacity belonged to contract chip manufacturer&nbsp;<b>Taiwan Semiconductor Manufacturing Co Ltd</b>&nbsp;(NYSE:&nbsp;TSM).</p>\n<p>Taiwan derived most of its water reserves from seasonal typhoons. However, a lack of storms last year had choked supplies, prompting the government to start water rationing for over a million businesses and residents.</p>\n<p><b>Samsung Electronics Co Ltd</b>&nbsp;(OTC:&nbsp;SSNLF) had to&nbsp;temporarily shut down&nbsp;two of its Austin chip factories due to Texas weather anomalies. Auto chip manufacturer&nbsp;<b>Renesas Electronics Corp’s</b>&nbsp;(OTC:&nbsp;RNECF) Japanese plant was&nbsp;hampered by&nbsp;the February earthquake and a March fire.</p>\n<p>Taiwan’s three science industrial parks responsible for most of the chip-making facilities had to limit their water intake but were exempt from stoppages to date. However, it was affecting some of the companies.</p>\n<p>Alternative sources of water and acceleration of conservation would escalate the production costs after supply to one of its chip facilities were reduced, stated&nbsp;<b>Micron Technology Inc</b>&nbsp;(NASDAQ:&nbsp;MU), which had facilities in Taichung and Taoyuan.</p>\n<p>Hsinchu-based TSM and&nbsp;<b>United Microelectronics Corp</b>&nbsp;(NYSE:&nbsp;UMC) had secured alternate water supply sources. TSM was also trying to utilize groundwater from their construction sites.</p>\n<p>TSM did not estimate any significant impact on operations despite the tight water supply.</p>\n<p>However, Taiwan’s water crisis fueled by climate change could jeopardize global chip production due to their high production concentration in the island country, stated its officials and scholars.</p>\n<p>Taiwan introduced a drought disaster response agency in October.</p>\n<p>The government stopped the water supply for two days per week to some parts of the island from April. TSM aimed to reduce its water requirement per unit by 30% from 2010 levels by 2030.</p>\n<p>TSM accounted for around 4.5% of Taiwan’s GDP in 2018, and chip sales accounted for 64% of Taiwan’s export growth on average over the past five years.</p>\n<p>Germany has sought Taiwan’s assistance to secure chip supply for German car manufacturers.</p>\n<p><b>Price action:</b>&nbsp;TSM shares traded flat at $118.35 on the last check Friday.</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>Taiwan's Drought Poses Additional Threat To Looming Global Chip Crisis: WSJ</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\">\nTaiwan's Drought Poses Additional Threat To Looming Global Chip Crisis: WSJ\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\">2021-04-16 23:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Taiwan’s severe drought could aggravate the ongoing global chip crisis as semiconductor producers required a massive water supply to clean the wafer base, etch patterns, polish layers and rinse components throughout the manufacturing process, the&nbsp;Wall Street Journal reports.</p>\n<p>Taiwan’s semiconductor wafer-fabrication factories (fabs) accounted for two-thirds of the global manufacturing capacity. Most of that capacity belonged to contract chip manufacturer&nbsp;<b>Taiwan Semiconductor Manufacturing Co Ltd</b>&nbsp;(NYSE:&nbsp;TSM).</p>\n<p>Taiwan derived most of its water reserves from seasonal typhoons. However, a lack of storms last year had choked supplies, prompting the government to start water rationing for over a million businesses and residents.</p>\n<p><b>Samsung Electronics Co Ltd</b>&nbsp;(OTC:&nbsp;SSNLF) had to&nbsp;temporarily shut down&nbsp;two of its Austin chip factories due to Texas weather anomalies. Auto chip manufacturer&nbsp;<b>Renesas Electronics Corp’s</b>&nbsp;(OTC:&nbsp;RNECF) Japanese plant was&nbsp;hampered by&nbsp;the February earthquake and a March fire.</p>\n<p>Taiwan’s three science industrial parks responsible for most of the chip-making facilities had to limit their water intake but were exempt from stoppages to date. However, it was affecting some of the companies.</p>\n<p>Alternative sources of water and acceleration of conservation would escalate the production costs after supply to one of its chip facilities were reduced, stated&nbsp;<b>Micron Technology Inc</b>&nbsp;(NASDAQ:&nbsp;MU), which had facilities in Taichung and Taoyuan.</p>\n<p>Hsinchu-based TSM and&nbsp;<b>United Microelectronics Corp</b>&nbsp;(NYSE:&nbsp;UMC) had secured alternate water supply sources. TSM was also trying to utilize groundwater from their construction sites.</p>\n<p>TSM did not estimate any significant impact on operations despite the tight water supply.</p>\n<p>However, Taiwan’s water crisis fueled by climate change could jeopardize global chip production due to their high production concentration in the island country, stated its officials and scholars.</p>\n<p>Taiwan introduced a drought disaster response agency in October.</p>\n<p>The government stopped the water supply for two days per week to some parts of the island from April. TSM aimed to reduce its water requirement per unit by 30% from 2010 levels by 2030.</p>\n<p>TSM accounted for around 4.5% of Taiwan’s GDP in 2018, and chip sales accounted for 64% of Taiwan’s export growth on average over the past five years.</p>\n<p>Germany has sought Taiwan’s assistance to secure chip supply for German car manufacturers.</p>\n<p><b>Price action:</b>&nbsp;TSM shares traded flat at $118.35 on the last check Friday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电","MU":"美光科技"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155509413","content_text":"Taiwan’s severe drought could aggravate the ongoing global chip crisis as semiconductor producers required a massive water supply to clean the wafer base, etch patterns, polish layers and rinse components throughout the manufacturing process, the Wall Street Journal reports.\nTaiwan’s semiconductor wafer-fabrication factories (fabs) accounted for two-thirds of the global manufacturing capacity. Most of that capacity belonged to contract chip manufacturer Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM).\nTaiwan derived most of its water reserves from seasonal typhoons. However, a lack of storms last year had choked supplies, prompting the government to start water rationing for over a million businesses and residents.\nSamsung Electronics Co Ltd (OTC: SSNLF) had to temporarily shut down two of its Austin chip factories due to Texas weather anomalies. Auto chip manufacturer Renesas Electronics Corp’s (OTC: RNECF) Japanese plant was hampered by the February earthquake and a March fire.\nTaiwan’s three science industrial parks responsible for most of the chip-making facilities had to limit their water intake but were exempt from stoppages to date. However, it was affecting some of the companies.\nAlternative sources of water and acceleration of conservation would escalate the production costs after supply to one of its chip facilities were reduced, stated Micron Technology Inc (NASDAQ: MU), which had facilities in Taichung and Taoyuan.\nHsinchu-based TSM and United Microelectronics Corp (NYSE: UMC) had secured alternate water supply sources. TSM was also trying to utilize groundwater from their construction sites.\nTSM did not estimate any significant impact on operations despite the tight water supply.\nHowever, Taiwan’s water crisis fueled by climate change could jeopardize global chip production due to their high production concentration in the island country, stated its officials and scholars.\nTaiwan introduced a drought disaster response agency in October.\nThe government stopped the water supply for two days per week to some parts of the island from April. TSM aimed to reduce its water requirement per unit by 30% from 2010 levels by 2030.\nTSM accounted for around 4.5% of Taiwan’s GDP in 2018, and chip sales accounted for 64% of Taiwan’s export growth on average over the past five years.\nGermany has sought Taiwan’s assistance to secure chip supply for German car manufacturers.\nPrice action: TSM shares traded flat at $118.35 on the last check Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":335,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354983630,"gmtCreate":1617118580420,"gmtModify":1704696155616,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"rise be a value stock","listText":"rise be a value stock","text":"rise be a value stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/354983630","repostId":"1163996400","repostType":4,"repost":{"id":"1163996400","kind":"news","pubTimestamp":1617094880,"share":"https://ttm.financial/m/news/1163996400?lang=&edition=fundamental","pubTime":"2021-03-30 17:01","market":"us","language":"en","title":"Coursera: The Education Disruptor Goes Public","url":"https://stock-news.laohu8.com/highlight/detail?id=1163996400","media":"seekingalpha","summary":"SummaryThe company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic","content":"<p><b>Summary</b></p><ul><li>The company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic.</li><li>It is operating in a huge addressable market that is likely to grow for the foreseeable future.</li><li>Coursera enjoys many competitive advantages, among them a large, existing user base, price-to-cost advantages, and the ability to personalize content as a result of its trove of data.</li><li>Given its scale, and competitive advantages, the company should win an outsized share of its market opportunity.</li><li>However, because the company has not turned a profit, there is a chance that its stock may be too volatile in the near term. Buying when the company turns a profit is the safer bet.</li></ul><p>Coursera (COURS), the online learning platform founded in 2012 by former Stanford University computer science professors Daphne Koller and Andrew Ng, filed itsIPO prospectuswith the Securities and Exchange Commission (SEC). The Mountain View, California-based company offers individuals access to over 4,000 Massive Open Online Courses (MOOCs) from 200 educational institutions and corporations. The company also offers over two dozen degree programs at prices lower than what a learner would pay at a traditional, in-person institution. As the company grows its offering, it will be able to compete head-to-head with other “online program management” (OPM) providers, such as 2U(NASDAQ:TWOU), which is already publicly traded, and Noodle Partners.</p><p>Ng’sshareholder letter in the S-1articulated clearly just what the company is about:</p><blockquote>“We believe that education is the source of human progress. In today’s economy in which the skills needed to succeed are rapidly evolving, education is becoming more important than ever. As automation and digital disruption are poised to replace unprecedented numbers of jobs worldwide, giving workers the opportunity to upskill and reskill will be crucial to raising global living standards and increasing social equity. Online education will play a critical role, enabling anyone, anywhere, to gain the valuable skills they need to earn a living in an increasingly digital economy.”</blockquote><p>The filing lists Morgan Stanley, Goldman Sachs and Citigroup as underwriters. The number of shares and the price range of the proposed offering are yet to be determined.According to PitchBook data, Coursera’s most recent valuation in the private markets was $2.5 billion. To date, the company has raised $464 million in venture capital, most recently,$130 million in a Series F roundlast July. Coursera’s biggest institutional shareholders are New Enterprise Associates (18.3% of company stock), G Squared (15.9%) and Kleiner Perkins (9.2%).</p><p><b>Operating Results</b></p><p>The company earned $293 million in revenues for the fiscal year ended December 31, 2020, up 59% from 2019. Net losses widened by about $20 million year-on-year, reaching $66.8 million in 2020. Revenues shot up as a result of the Covid-19 pandemic’s effect on traditional education. In tandem with rising demand, operating costs associated with the company’s services rose, largely driven by the freemium content and marketing expenses. Coursera added over 12,000 new degree learners across the two years ended December 31, 2020 at an average acquisition cost of just below $2,000. The number of registered users rose by 65% year-on-year in 2020. Coursera’s accumulated deficit since its founding stood at $343.6 million as of December 31, 2020. The company does not expect to turn a profit in the foreseeable future.</p><p>The company’sCoursera for Campus,launched in late 2019to enable colleges to offer its library of MOOCs to their students, has been a key driver of recent revenue growth. At the start of the pandemic, Coursera made the program free to tertiary institutions until Sept. 30, 2020. Over 4,000 tertiary institutions from across the world signed up for the program, which, according to the company’s S-1 filing, makes it, “one of our fastest growing offerings”. As of December 31, 2020, over 130 tertiary institutions were paying for it.</p><p>At this point, it is hard to predict what the end of the pandemic would have on the company’s operating results.</p><p><b>The Strategy and Market Opportunity</b></p><p>Coursera is one of the most disruptive firms in the world. It has a flywheel approach to value creation, with significant price-to-cost advantages versus its competition. The company reported that about half of its new degree students in 2020 had been previously registered with Coursera and that its average student acquisition cost was less than $2,000. Its average student acquisition cost is lower than the industry standard. The edu-tech platform is able to efficiently acquire learners at scale because of the huge number of free, high-quality courses that it offers in partnership with top educational institutions and corporations; its ability to personalize content based on its wealth of data; the strength of word-of-mouth promotion by learners; the profitability of its affiliate paid marketing channel.</p><p>The platform offers a number of education tracks, for example:</p><ul><li>Specializations: A learner can pay between $39 and $99 a month for job-specific content across over 500 categories.</li><li>MasterTrack Certificates: For a quarter to a year, a learner can earn a certificate issued by a university-issued certificate. Prices range from $2,000 to $6,000.</li><li>Bachelor’s or Master’s Degrees: Fees range from $9,000 to $45,000.</li><li>Coursera for Enterprise: Through this platform, businesses, educational institutions and governments can deploy content to their learners.</li></ul><p>In response to the Covid-19 pandemic, Coursera partnered with over 330 government agencies across 30 U.S. states and cities and 70 countries as part of itsCoursera Workforce Recovery Initiative, which gave governments the chance to offer unemployed workers free access to thousands of business, data science, and technology courses from companies such as Amazon(NASDAQ:AMZN)and Google(NASDAQ:GOOG)(NASDAQ:GOOGL).</p><p>The company has 77 million registered learners, as well as over 2,000 businesses (including 25% of Fortune 500 companies) and 100 government agencies who paid for its enterprise offerings. The majority of its revenue (51%) was earned outside of the United States. Converting only a fraction of its 77 million registered users into paid users would change the economics of customer acquisition. The company’s present scale is a huge competitive advantage in the market.</p><p>A learner’s curriculum is designed to be “stackable”, which is to say that a learner can go through a domain in an incremental fashion. The company is able to leverage the huge volume of data it has accumulated from its over 220 million enrollments to personalize content. So, for example, Coursera’s Skills Graphs can suggest paths for job skills.</p><p>Coursera uses technology to drive down distribution costs, make content more affordable, extend access to less economically-endowed regions, help learners keep abreast of emerging skills, and grow its market opportunity. The Covid-19 pandemic has only accelerated secular trends towards the use of technology in education.</p><p>The size of the addressable market is massive and it’s easy to see why.An August 2020 study by the United Nationsdemonstrates the degree of disruption brought on by the Covid-19 pandemic: of the 1.6 billion students in 190 countries covered in the report, or 94% of the world’s students, were prevented from going to school because of Covid-19 pandemic related school closures.</p><p>In 2017, the World Bank indicated thatof the 200 million college students in the world, many do not have job-specific skills.</p><p>The Covid-19 pandemic and prior secular trends suggest that the future of education is in blended classrooms, job-specific education and continuous, lifelong education. Online learning platforms like Coursera will be the primary means through which educational content is delivered.</p><p>Globally, spending on higher education in 2019 was $2.2 trillion,according to HolonIQ. Spending on online degrees was $36 billion and is predicted to reach $74 billion by 2025.</p><p>With a huge, existing learner base; a strong brand; and the significant advantages detailed above, Coursera is likely to grab a significant amount of the market’s growth. Of thescenarios for the future of education, it seems that Coursera will continue to grow.</p><p><b>Conclusion</b></p><p>Coursera seems poised to meet the challenges of a changing education landscape. With its vast, existing user base, its flywheel model, its competitive advantages, and its existence in a huge and growing addressable market, the company is likely to do very well. The company’s value proposition is compelling. However, long run success does not equate to a good investment in the short run. An unprofitable company like Coursera is likely to be very volatile on the markets until it reaches profitability. It is better to wait for Coursera to turn a profit before investing in the company.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coursera: The Education Disruptor Goes Public</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\">\nCoursera: The Education Disruptor Goes Public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-30 17:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4413745-coursera-education-disruptor-goes-public><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic.It is operating in a huge addressable market that is likely to grow for the foreseeable future.C...</p>\n\n<a href=\"https://seekingalpha.com/article/4413745-coursera-education-disruptor-goes-public\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7cedd6cbf23bbe97eaec389fb0773ed6","relate_stocks":{"COUR":"Coursera, Inc."},"source_url":"https://seekingalpha.com/article/4413745-coursera-education-disruptor-goes-public","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1163996400","content_text":"SummaryThe company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic.It is operating in a huge addressable market that is likely to grow for the foreseeable future.Coursera enjoys many competitive advantages, among them a large, existing user base, price-to-cost advantages, and the ability to personalize content as a result of its trove of data.Given its scale, and competitive advantages, the company should win an outsized share of its market opportunity.However, because the company has not turned a profit, there is a chance that its stock may be too volatile in the near term. Buying when the company turns a profit is the safer bet.Coursera (COURS), the online learning platform founded in 2012 by former Stanford University computer science professors Daphne Koller and Andrew Ng, filed itsIPO prospectuswith the Securities and Exchange Commission (SEC). The Mountain View, California-based company offers individuals access to over 4,000 Massive Open Online Courses (MOOCs) from 200 educational institutions and corporations. The company also offers over two dozen degree programs at prices lower than what a learner would pay at a traditional, in-person institution. As the company grows its offering, it will be able to compete head-to-head with other “online program management” (OPM) providers, such as 2U(NASDAQ:TWOU), which is already publicly traded, and Noodle Partners.Ng’sshareholder letter in the S-1articulated clearly just what the company is about:“We believe that education is the source of human progress. In today’s economy in which the skills needed to succeed are rapidly evolving, education is becoming more important than ever. As automation and digital disruption are poised to replace unprecedented numbers of jobs worldwide, giving workers the opportunity to upskill and reskill will be crucial to raising global living standards and increasing social equity. Online education will play a critical role, enabling anyone, anywhere, to gain the valuable skills they need to earn a living in an increasingly digital economy.”The filing lists Morgan Stanley, Goldman Sachs and Citigroup as underwriters. The number of shares and the price range of the proposed offering are yet to be determined.According to PitchBook data, Coursera’s most recent valuation in the private markets was $2.5 billion. To date, the company has raised $464 million in venture capital, most recently,$130 million in a Series F roundlast July. Coursera’s biggest institutional shareholders are New Enterprise Associates (18.3% of company stock), G Squared (15.9%) and Kleiner Perkins (9.2%).Operating ResultsThe company earned $293 million in revenues for the fiscal year ended December 31, 2020, up 59% from 2019. Net losses widened by about $20 million year-on-year, reaching $66.8 million in 2020. Revenues shot up as a result of the Covid-19 pandemic’s effect on traditional education. In tandem with rising demand, operating costs associated with the company’s services rose, largely driven by the freemium content and marketing expenses. Coursera added over 12,000 new degree learners across the two years ended December 31, 2020 at an average acquisition cost of just below $2,000. The number of registered users rose by 65% year-on-year in 2020. Coursera’s accumulated deficit since its founding stood at $343.6 million as of December 31, 2020. The company does not expect to turn a profit in the foreseeable future.The company’sCoursera for Campus,launched in late 2019to enable colleges to offer its library of MOOCs to their students, has been a key driver of recent revenue growth. At the start of the pandemic, Coursera made the program free to tertiary institutions until Sept. 30, 2020. Over 4,000 tertiary institutions from across the world signed up for the program, which, according to the company’s S-1 filing, makes it, “one of our fastest growing offerings”. As of December 31, 2020, over 130 tertiary institutions were paying for it.At this point, it is hard to predict what the end of the pandemic would have on the company’s operating results.The Strategy and Market OpportunityCoursera is one of the most disruptive firms in the world. It has a flywheel approach to value creation, with significant price-to-cost advantages versus its competition. The company reported that about half of its new degree students in 2020 had been previously registered with Coursera and that its average student acquisition cost was less than $2,000. Its average student acquisition cost is lower than the industry standard. The edu-tech platform is able to efficiently acquire learners at scale because of the huge number of free, high-quality courses that it offers in partnership with top educational institutions and corporations; its ability to personalize content based on its wealth of data; the strength of word-of-mouth promotion by learners; the profitability of its affiliate paid marketing channel.The platform offers a number of education tracks, for example:Specializations: A learner can pay between $39 and $99 a month for job-specific content across over 500 categories.MasterTrack Certificates: For a quarter to a year, a learner can earn a certificate issued by a university-issued certificate. Prices range from $2,000 to $6,000.Bachelor’s or Master’s Degrees: Fees range from $9,000 to $45,000.Coursera for Enterprise: Through this platform, businesses, educational institutions and governments can deploy content to their learners.In response to the Covid-19 pandemic, Coursera partnered with over 330 government agencies across 30 U.S. states and cities and 70 countries as part of itsCoursera Workforce Recovery Initiative, which gave governments the chance to offer unemployed workers free access to thousands of business, data science, and technology courses from companies such as Amazon(NASDAQ:AMZN)and Google(NASDAQ:GOOG)(NASDAQ:GOOGL).The company has 77 million registered learners, as well as over 2,000 businesses (including 25% of Fortune 500 companies) and 100 government agencies who paid for its enterprise offerings. The majority of its revenue (51%) was earned outside of the United States. Converting only a fraction of its 77 million registered users into paid users would change the economics of customer acquisition. The company’s present scale is a huge competitive advantage in the market.A learner’s curriculum is designed to be “stackable”, which is to say that a learner can go through a domain in an incremental fashion. The company is able to leverage the huge volume of data it has accumulated from its over 220 million enrollments to personalize content. So, for example, Coursera’s Skills Graphs can suggest paths for job skills.Coursera uses technology to drive down distribution costs, make content more affordable, extend access to less economically-endowed regions, help learners keep abreast of emerging skills, and grow its market opportunity. The Covid-19 pandemic has only accelerated secular trends towards the use of technology in education.The size of the addressable market is massive and it’s easy to see why.An August 2020 study by the United Nationsdemonstrates the degree of disruption brought on by the Covid-19 pandemic: of the 1.6 billion students in 190 countries covered in the report, or 94% of the world’s students, were prevented from going to school because of Covid-19 pandemic related school closures.In 2017, the World Bank indicated thatof the 200 million college students in the world, many do not have job-specific skills.The Covid-19 pandemic and prior secular trends suggest that the future of education is in blended classrooms, job-specific education and continuous, lifelong education. Online learning platforms like Coursera will be the primary means through which educational content is delivered.Globally, spending on higher education in 2019 was $2.2 trillion,according to HolonIQ. Spending on online degrees was $36 billion and is predicted to reach $74 billion by 2025.With a huge, existing learner base; a strong brand; and the significant advantages detailed above, Coursera is likely to grab a significant amount of the market’s growth. Of thescenarios for the future of education, it seems that Coursera will continue to grow.ConclusionCoursera seems poised to meet the challenges of a changing education landscape. With its vast, existing user base, its flywheel model, its competitive advantages, and its existence in a huge and growing addressable market, the company is likely to do very well. The company’s value proposition is compelling. However, long run success does not equate to a good investment in the short run. An unprofitable company like Coursera is likely to be very volatile on the markets until it reaches profitability. It is better to wait for Coursera to turn a profit before investing in the company.","news_type":1},"isVote":1,"tweetType":1,"viewCount":84,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350834509,"gmtCreate":1616174821801,"gmtModify":1704791942611,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"government pressure","listText":"government pressure","text":"government pressure","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350834509","repostId":"1136440314","repostType":4,"repost":{"id":"1136440314","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":1616165231,"share":"https://ttm.financial/m/news/1136440314?lang=&edition=fundamental","pubTime":"2021-03-19 22:47","market":"us","language":"en","title":"Facebook rose more than 4%","url":"https://stock-news.laohu8.com/highlight/detail?id=1136440314","media":"Tiger Newspress","summary":"(March 19) Facebook rose more than 4%.Facebook is a strong positive outlier in the S&P 500 today,up ","content":"<p>(March 19)&nbsp;Facebook rose more than 4%.</p><p><img src=\"https://static.tigerbbs.com/fea58a0f3c9d80d1b9267044a776f39d\" tg-width=\"678\" tg-height=\"520\" referrerpolicy=\"no-referrer\"></p><p></p><p>Facebook&nbsp;is a strong positive outlier in the S&amp;P 500 today,up 4.08%&nbsp;and gaining (and bouncing back froma slightly decline yesterday) after CEO Mark Zuckerberg looked to change his tune on upcoming privacy changes from Apple.</p><p>Zuckerberg had increasingly taken an adversarial stance against the big-tech rival, but in a new discussion on audio platform Clubhouse, he said thatFacebook may be better off this way.</p><p>\"I think the reality is that I'm confident that we're gonna be able to manage through that situation,\" Zuckerberg said. \"And we'll be in a good position. I think it's possible that we may even be in a stronger position.\"</p><p>That marks a sharp reversal from last summer, when Facebook said Apple's change to unique device IDs couldcut revenues in half for its Audience Network in-app ad business, and Facebook chief Mark Zuckerbergsingled Apple out for criticism in a companywide meeting.</p><p>Now, Zuckerberg is saying Apple's changes might encourage sellers to use Facebook's commerce products directly.</p><p>\"Apple's changes encourage more businesses to conduct commerce on our platforms, by making it harder for them to basically use their data in order to find the customers that would want to use their products outside of our platforms,\" he said.</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>Facebook rose more than 4%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook rose more than 4%\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\">2021-03-19 22:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(March 19)&nbsp;Facebook rose more than 4%.</p><p><img src=\"https://static.tigerbbs.com/fea58a0f3c9d80d1b9267044a776f39d\" tg-width=\"678\" tg-height=\"520\" referrerpolicy=\"no-referrer\"></p><p></p><p>Facebook&nbsp;is a strong positive outlier in the S&amp;P 500 today,up 4.08%&nbsp;and gaining (and bouncing back froma slightly decline yesterday) after CEO Mark Zuckerberg looked to change his tune on upcoming privacy changes from Apple.</p><p>Zuckerberg had increasingly taken an adversarial stance against the big-tech rival, but in a new discussion on audio platform Clubhouse, he said thatFacebook may be better off this way.</p><p>\"I think the reality is that I'm confident that we're gonna be able to manage through that situation,\" Zuckerberg said. \"And we'll be in a good position. I think it's possible that we may even be in a stronger position.\"</p><p>That marks a sharp reversal from last summer, when Facebook said Apple's change to unique device IDs couldcut revenues in half for its Audience Network in-app ad business, and Facebook chief Mark Zuckerbergsingled Apple out for criticism in a companywide meeting.</p><p>Now, Zuckerberg is saying Apple's changes might encourage sellers to use Facebook's commerce products directly.</p><p>\"Apple's changes encourage more businesses to conduct commerce on our platforms, by making it harder for them to basically use their data in order to find the customers that would want to use their products outside of our platforms,\" he said.</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":"1136440314","content_text":"(March 19) Facebook rose more than 4%.Facebook is a strong positive outlier in the S&P 500 today,up 4.08% and gaining (and bouncing back froma slightly decline yesterday) after CEO Mark Zuckerberg looked to change his tune on upcoming privacy changes from Apple.Zuckerberg had increasingly taken an adversarial stance against the big-tech rival, but in a new discussion on audio platform Clubhouse, he said thatFacebook may be better off this way.\"I think the reality is that I'm confident that we're gonna be able to manage through that situation,\" Zuckerberg said. \"And we'll be in a good position. I think it's possible that we may even be in a stronger position.\"That marks a sharp reversal from last summer, when Facebook said Apple's change to unique device IDs couldcut revenues in half for its Audience Network in-app ad business, and Facebook chief Mark Zuckerbergsingled Apple out for criticism in a companywide meeting.Now, Zuckerberg is saying Apple's changes might encourage sellers to use Facebook's commerce products directly.\"Apple's changes encourage more businesses to conduct commerce on our platforms, by making it harder for them to basically use their data in order to find the customers that would want to use their products outside of our platforms,\" he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":16,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":209640199168160,"gmtCreate":1692221524471,"gmtModify":1692222581717,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"See if Chinese money flock to US or interest rate increase further","listText":"See if Chinese money flock to US or interest rate increase further","text":"See if Chinese money flock to US or interest rate increase further","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/209640199168160","repostId":"2359433868","repostType":2,"repost":{"id":"2359433868","kind":"highlight","pubTimestamp":1692173400,"share":"https://ttm.financial/m/news/2359433868?lang=&edition=fundamental","pubTime":"2023-08-16 16:10","market":"us","language":"en","title":"Is Nvidia Stock a Buy Now?","url":"https://stock-news.laohu8.com/highlight/detail?id=2359433868","media":"Motley Fool","summary":"The high-flying chipmaker has been in pullback mode of late.","content":"<html><head></head><body><h2 id=\"id_1711184749\" style=\"text-align: start;\">KEY POINTS</h2><ul><li><p>Nvidia stock lost steam thanks to an analyst report that points toward a potential bubble in AI stocks.</p></li><li><p>The stock is expensive despite the pullback, but growth investors may be tempted by growth forecasts.</p></li><li><p>Nvidia could regain its mojo with a solid quarterly report next week, giving investors a reason to capitalize on its recent slide.</p></li></ul><p><strong>Nvidia</strong> stock has rallied hard in 2023 on the back of a turnaround in the company&#39;s fortunes. It&#39;s up 180% so far, driven mainly by the huge demand for its graphics cards, which are being used for training artificial intelligence (AI) models.</p><p>At one point this year share prices of Nvidia had more than tripled in value, but they are in pullback mode of late. The stock is down 11% in the past month, even though there has been no company-specific development that should have impacted its rally negatively. It looks like <strong>Morgan Stanley</strong>&#39;s thesis that the high-flying run in AI stocks is nearing an end and the &#34;bubble&#34; is likely to burst has led investors to press the sell button of late.</p><p>Is this latest pullback an opportunity for investors to buy Nvidia stock, especially considering the potential acceleration in the company&#39;s growth and the long-term prospects of the AI market? Let&#39;s find out.</p><h2 id=\"id_2929563537\">Nvidia stock remains expensive despite its pullback</h2><p>Nvidia&#39;s latest decline has made the stock relatively cheap compared to its previous prices, as the following chart shows.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a971fe3daad6c543cd71f0ea0c37e8a5\" alt=\"NVDA PS Ratio data by YCharts\" title=\"NVDA PS Ratio data by YCharts\" tg-width=\"720\" tg-height=\"433\"/><span>NVDA PS Ratio data by YCharts</span></p><p>However, the price-to-sales ratio of 39 is still very expensive when we consider that the <strong>S&amp;P 500</strong> index has a sales multiple of 2.5. What&#39;s more, the semiconductor bellwether trades at a whopping 212 times trailing earnings, which is substantially higher than the S&amp;P 500&#39;s average earnings multiple of 20. So even though Nvidia stock has pulled back in recent weeks, it remains richly valued.</p><p>But then, investors willing to buy a growth stock that&#39;s capable of winning big from the adoption of AI may want to take advantage of the dip and buy more shares of Nvidia. That&#39;s because the company&#39;s forward earnings multiple of 55 points toward a massive jump in its bottom line. Nvidia ended fiscal 2023 with earnings of $3.34 per share. The following chart should give an idea of how fast analysts are expecting that figure to increase in the current fiscal year and beyond.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ebfe654351c0047b6fc964f9339b54f5\" alt=\"NVDA EPS Estimates for Current Fiscal Year data by YCharts\" title=\"NVDA EPS Estimates for Current Fiscal Year data by YCharts\" tg-width=\"720\" tg-height=\"387\"/><span>NVDA EPS Estimates for Current Fiscal Year data by YCharts</span></p><p>So Nvidia seems capable of justifying its rich valuation by delivering eye-popping growth, both in the short and the long term. What&#39;s more, the company is set to release its fiscal 2024 second-quarter results next week, and it wouldn&#39;t be surprising to see those results crush Wall Street&#39;s expectations because of reasons discussed in the next section. If that&#39;s indeed the case, Nvidia stock could get a nice shot in the arm, which gives growth-oriented investors all the more reason to take advantage of the stock&#39;s slide.</p><h2 id=\"id_2356228114\">The company is riding a massive catalyst</h2><p>Nvidia management anticipates fiscal Q2 revenue of $11 billion, which would be a 64% increase over the year-ago period. Analysts anticipate the company&#39;s quarterly earnings will quadruple to $2.06 per share from $0.51 per share in the year-ago period. The biggest reason why Nvidia could hit, or even exceed, these estimates is because of its huge share of the market for AI chips, a segment that&#39;s growing at a breath-taking pace.</p><p>The company reportedly controls over 80% of the AI chip market, as per third-party estimates. Its chips are being used by key players in the generative AI space, such as <strong>Alphabet</strong> and <strong>Microsoft</strong>-backed OpenAI, to train their large language models (LLMs). Market research firm TrendForce estimates that the global demand for AI servers could spike 40% in 2023, leading to a 46% jump in sales of AI chips this year.</p><p>Even better, TrendForce estimates that shipments of AI servers could increase at a compound annual growth rate of 22% through 2026. All this indicates that Nvidia&#39;s AI chips are likely to enjoy solid volume growth in 2023 and beyond. Throw in the fact that the company is enjoying impressive pricing power in this space, and it is easy to see why its earnings are expected to increase by a big margin.</p><p>More specifically, Nvidia&#39;s A100 data center graphics cards, which have been used for training the likes of ChatGPT and Stable Diffusion, reportedly cost $10,000 a unit. The successor to that chip, the H100, is said to be 2-2.5x more expensive. Given that these H100 chips are already in terrific demand from multiple companies in the AI race, Nvidia seems on track to deliver the red-hot growth in its revenue and earnings that analysts expect from it.</p><p>The anticipated acceleration in Nvidia&#39;s growth is going to bring down the company&#39;s high sales multiple as well, which is evident from the following chart.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8d84d3f6a8cd335c40480f987e9957dc\" alt=\"NVDA PS Ratio data by YCharts\" title=\"NVDA PS Ratio data by YCharts\" tg-width=\"720\" tg-height=\"449\"/><span>NVDA PS Ratio data by YCharts</span></p><p>So a closer look at the bigger picture makes it clear that the recent pullback in Nvidia stock is likely to be temporary. That&#39;s why investors would do well to look past the company&#39;s valuation and capitalize on Nvidia&#39;s recent decline to accumulate more shares since it could regain its mojo next week.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Nvidia Stock a Buy 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; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Nvidia Stock a Buy Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-16 16:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/08/15/is-nvidia-stock-a-buy-now/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSNvidia stock lost steam thanks to an analyst report that points toward a potential bubble in AI stocks.The stock is expensive despite the pullback, but growth investors may be tempted by ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/08/15/is-nvidia-stock-a-buy-now/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4567":"ESG概念","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0109392836.USD":"富兰克林科技股A","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","BK4566":"资本集团","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU0106831901.USD":"贝莱德世界金融基金A2","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","NVDA":"英伟达","BK4527":"明星科技股","BK4543":"AI","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","BK4550":"红杉资本持仓","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4141":"半导体产品","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU0444971666.USD":"天利全球科技基金","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","BK4551":"寇图资本持仓","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4561":"索罗斯持仓","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4549":"软银资本持仓","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","BK4529":"IDC概念","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4532":"文艺复兴科技持仓"},"source_url":"https://www.fool.com/investing/2023/08/15/is-nvidia-stock-a-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2359433868","content_text":"KEY POINTSNvidia stock lost steam thanks to an analyst report that points toward a potential bubble in AI stocks.The stock is expensive despite the pullback, but growth investors may be tempted by growth forecasts.Nvidia could regain its mojo with a solid quarterly report next week, giving investors a reason to capitalize on its recent slide.Nvidia stock has rallied hard in 2023 on the back of a turnaround in the company's fortunes. It's up 180% so far, driven mainly by the huge demand for its graphics cards, which are being used for training artificial intelligence (AI) models.At one point this year share prices of Nvidia had more than tripled in value, but they are in pullback mode of late. The stock is down 11% in the past month, even though there has been no company-specific development that should have impacted its rally negatively. It looks like Morgan Stanley's thesis that the high-flying run in AI stocks is nearing an end and the \"bubble\" is likely to burst has led investors to press the sell button of late.Is this latest pullback an opportunity for investors to buy Nvidia stock, especially considering the potential acceleration in the company's growth and the long-term prospects of the AI market? Let's find out.Nvidia stock remains expensive despite its pullbackNvidia's latest decline has made the stock relatively cheap compared to its previous prices, as the following chart shows.NVDA PS Ratio data by YChartsHowever, the price-to-sales ratio of 39 is still very expensive when we consider that the S&P 500 index has a sales multiple of 2.5. What's more, the semiconductor bellwether trades at a whopping 212 times trailing earnings, which is substantially higher than the S&P 500's average earnings multiple of 20. So even though Nvidia stock has pulled back in recent weeks, it remains richly valued.But then, investors willing to buy a growth stock that's capable of winning big from the adoption of AI may want to take advantage of the dip and buy more shares of Nvidia. That's because the company's forward earnings multiple of 55 points toward a massive jump in its bottom line. Nvidia ended fiscal 2023 with earnings of $3.34 per share. The following chart should give an idea of how fast analysts are expecting that figure to increase in the current fiscal year and beyond.NVDA EPS Estimates for Current Fiscal Year data by YChartsSo Nvidia seems capable of justifying its rich valuation by delivering eye-popping growth, both in the short and the long term. What's more, the company is set to release its fiscal 2024 second-quarter results next week, and it wouldn't be surprising to see those results crush Wall Street's expectations because of reasons discussed in the next section. If that's indeed the case, Nvidia stock could get a nice shot in the arm, which gives growth-oriented investors all the more reason to take advantage of the stock's slide.The company is riding a massive catalystNvidia management anticipates fiscal Q2 revenue of $11 billion, which would be a 64% increase over the year-ago period. Analysts anticipate the company's quarterly earnings will quadruple to $2.06 per share from $0.51 per share in the year-ago period. The biggest reason why Nvidia could hit, or even exceed, these estimates is because of its huge share of the market for AI chips, a segment that's growing at a breath-taking pace.The company reportedly controls over 80% of the AI chip market, as per third-party estimates. Its chips are being used by key players in the generative AI space, such as Alphabet and Microsoft-backed OpenAI, to train their large language models (LLMs). Market research firm TrendForce estimates that the global demand for AI servers could spike 40% in 2023, leading to a 46% jump in sales of AI chips this year.Even better, TrendForce estimates that shipments of AI servers could increase at a compound annual growth rate of 22% through 2026. All this indicates that Nvidia's AI chips are likely to enjoy solid volume growth in 2023 and beyond. Throw in the fact that the company is enjoying impressive pricing power in this space, and it is easy to see why its earnings are expected to increase by a big margin.More specifically, Nvidia's A100 data center graphics cards, which have been used for training the likes of ChatGPT and Stable Diffusion, reportedly cost $10,000 a unit. The successor to that chip, the H100, is said to be 2-2.5x more expensive. Given that these H100 chips are already in terrific demand from multiple companies in the AI race, Nvidia seems on track to deliver the red-hot growth in its revenue and earnings that analysts expect from it.The anticipated acceleration in Nvidia's growth is going to bring down the company's high sales multiple as well, which is evident from the following chart.NVDA PS Ratio data by YChartsSo a closer look at the bigger picture makes it clear that the recent pullback in Nvidia stock is likely to be temporary. That's why investors would do well to look past the company's valuation and capitalize on Nvidia's recent decline to accumulate more shares since it could regain its mojo next week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":261,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141785465,"gmtCreate":1625891961157,"gmtModify":1703750592382,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"awesome","listText":"awesome","text":"awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/141785465","repostId":"2150306047","repostType":4,"isVote":1,"tweetType":1,"viewCount":256,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342345189,"gmtCreate":1618187713241,"gmtModify":1704707185552,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342345189","repostId":"1137529737","repostType":4,"repost":{"id":"1137529737","kind":"news","pubTimestamp":1618184239,"share":"https://ttm.financial/m/news/1137529737?lang=&edition=fundamental","pubTime":"2021-04-12 07:37","market":"us","language":"en","title":"JPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1137529737","media":"Barrons","summary":"First-quarter earnings season kicks off this week, beginning as always with results from several of ","content":"<p>First-quarter earnings season kicks off this week, beginning as always with results from several of the largest U.S. banks. Goldman Sachs Group, JPMorgan Chase, and Wells Fargo report on Wednesday, followed&nbsp;by Bank of&nbsp;America and Citigroup on Thursday and Morgan Stanley on Friday.</p><p>Other notable companies reporting this week include industrial&nbsp;supplier&nbsp;Fastenalon Tuesday.Delta Air Lines,PepsiCo,and&nbsp;UnitedHealth Group&nbsp;publish results on Thursday. And&nbsp;Kansas City Southern&nbsp;reports on Friday.&nbsp; A total of 22&nbsp;S&amp;P 500&nbsp;companies report this week, followed by 64 next week.</p><p><img src=\"https://static.tigerbbs.com/ac3c413681d3a9e134223c4d1a02d883\" tg-width=\"1410\" tg-height=\"586\" referrerpolicy=\"no-referrer\"></p><p>It’s also a busy week for economic data. On Tuesday, the Bureau of Labor Statistics reports the consumer price index for March and the National Federation of Independent Business releases its Small Business Optimism Index for March. Then on Thursday, the Census Bureau reports retail sales data for March. And on Friday, the University of Michigan releases its Consumer Sentiment Index for April.</p><p>Housing-market data out this week include the National Association of Home Builders’ NAHB/Wells Fargo Housing Market Index for April on Thursday and the Census Bureau’s new residential construction data for March on Friday.</p><p><b>Monday 4/12</b></p><p>Nvidia&nbsp;hosts its 2021 investor day in conjunction with its GPU Technology conference. Nvidia CEO Jensen Huang will give the keynote address.</p><p><b>Tuesday 4/13</b></p><p>Fastenal reports quarterly results.</p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports the consumer price index for March. Economists forecast a 0.4% monthly increase, matching the February data. The core CPI, which excludes volatile food and energy prices, is expected to rise 0.2%, after edging up 0.1% in February.</p><p><b>The National Federation</b>&nbsp;of Independent Business releases its Small Business Optimism Index for March. Consensus estimate is for a 98 reading, higher than February’s 95.8.</p><p><b>Wednesday 4/14</b></p><p><b>Earnings season begins</b>&nbsp;in earnest with some of the largest money-center and investment banks reporting. JPMorgan Chase, Wells Fargo, and Goldman Sachs Group release first-quarter results before the market open.</p><p>First Republic Bankreleases earnings.</p><p><b>Coinbase Global</b>&nbsp;is set to&nbsp;make its Wall Street debut&nbsp;on Wednesday through a direct listing of its shares on the Nasdaq.</p><p><b>The BLS reports</b>&nbsp;export and import price data for March. Expectations are for a 1% month-over-month rise in export prices, while import prices are seen increasing 0.8%. This compares with gains of 1.6% and 1.3%, respectively, in February.</p><p><b>The Federal Reserve</b>&nbsp;releases the beige book for the second of eight times this year. The beige book gathers anecdotal information on current economic conditions from the 12 Fed districts.</p><p><b>Thursday 4/15</b></p><p>Bank of America,BlackRock,Charles Schwab,Citigroup, Delta Air Lines, PepsiCo,PPG Industries,Truist Financial,U.S. Bancorp,and UnitedHealth Group report quarterly results.</p><p><b>The National Association</b>&nbsp;of Home Builders releases its NAHB/Wells Fargo Housing Market Index for April. Economists forecast an 84.5 reading, greater than the March data. Any reading above 50 indicates that home builders are bullish on the housing market for the next six months.</p><p><b>The Census Bureau</b>&nbsp;reports retail sales data for March. The consensus call is for consumer spending to rise 1.3% month over month, after declining 3% in February.</p><p><b>Friday 4/16</b></p><p>Bank of New York Mellon,Citizens Financial Group,Kansas City Southern, Morgan Stanley,PNC Financial Services Group,and&nbsp;State Street&nbsp;hold conference calls to discuss earnings.</p><p><b>The University of Michigan</b>&nbsp;releases its Consumer Sentiment Index for April. Expectations are for an 88 reading. March’s 84.9 figure was the highest since a year earlier.</p><p><b>The Census Bureau</b>&nbsp;reports new residential construction data for March. Economists forecast a seasonally adjusted annual rate of 1.61 million housing starts, a 13% month-over-month increase.</p>","source":"lsy1601382232898","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>JPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week</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\">\nJPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-12 07:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/jpmorgan-chase-nvidia-goldman-sachs-delta-and-other-stocks-for-investors-to-watch-this-week-51618167609?mod=hp_LEAD_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>First-quarter earnings season kicks off this week, beginning as always with results from several of the largest U.S. banks. Goldman Sachs Group, JPMorgan Chase, and Wells Fargo report on Wednesday, ...</p>\n\n<a href=\"https://www.barrons.com/articles/jpmorgan-chase-nvidia-goldman-sachs-delta-and-other-stocks-for-investors-to-watch-this-week-51618167609?mod=hp_LEAD_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","WFC":"富国银行","NVDA":"英伟达",".SPX":"S&P 500 Index","GS":"高盛",".DJI":"道琼斯","MS":"摩根士丹利","COIN":"Coinbase Global, Inc.","JPM":"摩根大通"},"source_url":"https://www.barrons.com/articles/jpmorgan-chase-nvidia-goldman-sachs-delta-and-other-stocks-for-investors-to-watch-this-week-51618167609?mod=hp_LEAD_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137529737","content_text":"First-quarter earnings season kicks off this week, beginning as always with results from several of the largest U.S. banks. Goldman Sachs Group, JPMorgan Chase, and Wells Fargo report on Wednesday, followed by Bank of America and Citigroup on Thursday and Morgan Stanley on Friday.Other notable companies reporting this week include industrial supplier Fastenalon Tuesday.Delta Air Lines,PepsiCo,and UnitedHealth Group publish results on Thursday. And Kansas City Southern reports on Friday.  A total of 22 S&P 500 companies report this week, followed by 64 next week.It’s also a busy week for economic data. On Tuesday, the Bureau of Labor Statistics reports the consumer price index for March and the National Federation of Independent Business releases its Small Business Optimism Index for March. Then on Thursday, the Census Bureau reports retail sales data for March. And on Friday, the University of Michigan releases its Consumer Sentiment Index for April.Housing-market data out this week include the National Association of Home Builders’ NAHB/Wells Fargo Housing Market Index for April on Thursday and the Census Bureau’s new residential construction data for March on Friday.Monday 4/12Nvidia hosts its 2021 investor day in conjunction with its GPU Technology conference. Nvidia CEO Jensen Huang will give the keynote address.Tuesday 4/13Fastenal reports quarterly results.The Bureau of Labor Statistics reports the consumer price index for March. Economists forecast a 0.4% monthly increase, matching the February data. The core CPI, which excludes volatile food and energy prices, is expected to rise 0.2%, after edging up 0.1% in February.The National Federation of Independent Business releases its Small Business Optimism Index for March. Consensus estimate is for a 98 reading, higher than February’s 95.8.Wednesday 4/14Earnings season begins in earnest with some of the largest money-center and investment banks reporting. JPMorgan Chase, Wells Fargo, and Goldman Sachs Group release first-quarter results before the market open.First Republic Bankreleases earnings.Coinbase Global is set to make its Wall Street debut on Wednesday through a direct listing of its shares on the Nasdaq.The BLS reports export and import price data for March. Expectations are for a 1% month-over-month rise in export prices, while import prices are seen increasing 0.8%. This compares with gains of 1.6% and 1.3%, respectively, in February.The Federal Reserve releases the beige book for the second of eight times this year. The beige book gathers anecdotal information on current economic conditions from the 12 Fed districts.Thursday 4/15Bank of America,BlackRock,Charles Schwab,Citigroup, Delta Air Lines, PepsiCo,PPG Industries,Truist Financial,U.S. Bancorp,and UnitedHealth Group report quarterly results.The National Association of Home Builders releases its NAHB/Wells Fargo Housing Market Index for April. Economists forecast an 84.5 reading, greater than the March data. Any reading above 50 indicates that home builders are bullish on the housing market for the next six months.The Census Bureau reports retail sales data for March. The consensus call is for consumer spending to rise 1.3% month over month, after declining 3% in February.Friday 4/16Bank of New York Mellon,Citizens Financial Group,Kansas City Southern, Morgan Stanley,PNC Financial Services Group,and State Street hold conference calls to discuss earnings.The University of Michigan releases its Consumer Sentiment Index for April. Expectations are for an 88 reading. March’s 84.9 figure was the highest since a year earlier.The Census Bureau reports new residential construction data for March. Economists forecast a seasonally adjusted annual rate of 1.61 million housing starts, a 13% month-over-month increase.","news_type":1},"isVote":1,"tweetType":1,"viewCount":328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342043833,"gmtCreate":1618137367922,"gmtModify":1704706911158,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342043833","repostId":"1104081344","repostType":4,"isVote":1,"tweetType":1,"viewCount":185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":216347684749328,"gmtCreate":1693821206373,"gmtModify":1693821211709,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"🎉🎉💜🌸⭐ &nbsp;🎉🎉💜🌸⭐ &nbsp; 🎉Amazing ⭐ &nbsp; &nbsp; 🎉 ⭐ &nbsp; &nbsp; &nbsp;🎉🎉💜🌸⭐ &nbsp; &nbsp; &nbsp; 🎉🎉💜🌸⭐","listText":"🎉🎉💜🌸⭐ &nbsp;🎉🎉💜🌸⭐ &nbsp; 🎉Amazing ⭐ &nbsp; &nbsp; 🎉 ⭐ &nbsp; &nbsp; &nbsp;🎉🎉💜🌸⭐ &nbsp; &nbsp; &nbsp; 🎉🎉💜🌸⭐","text":"🎉🎉💜🌸⭐ 🎉🎉💜🌸⭐ 🎉Amazing ⭐ 🎉 ⭐ 🎉🎉💜🌸⭐ 🎉🎉💜🌸⭐","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/216347684749328","repostId":"1171933522","repostType":2,"repost":{"id":"1171933522","kind":"news","pubTimestamp":1693818814,"share":"https://ttm.financial/m/news/1171933522?lang=&edition=fundamental","pubTime":"2023-09-04 17:13","market":"sg","language":"en","title":"Singapore Central Bank Chief Menon to Retire; Chia Is Successor","url":"https://stock-news.laohu8.com/highlight/detail?id=1171933522","media":"Bloomberg","summary":"Ravi Menon, the Monetary Authority of Singapore’s longest-serving chief, will leave the central bank at the end of the year and will be succeeded by Chia Der Jiun.Ravi MenonChia, currently the Ministry of Manpower’s permanent secretary for development, will become designate managing director of the MAS from Nov. 1, the MAS said Monday in an emailed statement. Chia will assume the full role from Jan. 1.Menon has been at the helm of the MAS since 2011 and his term was extended earlier this year. H","content":"<html><head></head><body><p style=\"text-align: start;\">Ravi Menon, the Monetary Authority of Singapore’s longest-serving chief, will leave the central bank at the end of the year, to be succeeded by Chia Der Jiun.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/38f6f27a244815387c97fed49d574a13\" alt=\"Ravi Menon\" title=\"Ravi Menon\" tg-width=\"2000\" tg-height=\"1333\"/><span>Ravi Menon</span></p><p style=\"text-align: start;\">Chia, currently the Ministry of Manpower’s permanent secretary for development, will become managing director-designate of the MAS from Nov. 1, the authority said Monday in an emailed statement. He will assume the role from January and serve through May 31, 2026, according to the statement.</p><p style=\"text-align: start;\">Menon has been at the helm of the MAS since 2011 and his term was extended from June 1, for up to two years. He will retire from public service, according to the statement. Bloomberg News reported in April that Chia had been picked to take the baton from Menon when he leaves the central bank and financial regulator this year.</p><p>Menon, who started at the MAS in 1987, has been at the forefront of efforts by central banks globally to make sense of digital currencies. Chia was one of his former deputies.</p><p style=\"text-align: start;\">When Chia was at the MAS, he helped to improve the risk sensitivity of the authority’s regulatory frameworks. He also oversaw the implementation of monetary policy and investment of MAS’s official foreign reserves.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Central Bank Chief Menon to Retire; Chia Is Successor</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\">\nSingapore Central Bank Chief Menon to Retire; Chia Is Successor\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-04 17:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-09-04/singapore-central-bank-chief-menon-to-retire-chia-is-successor?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ravi Menon, the Monetary Authority of Singapore’s longest-serving chief, will leave the central bank at the end of the year, to be succeeded by Chia Der Jiun.Ravi MenonChia, currently the Ministry of ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-09-04/singapore-central-bank-chief-menon-to-retire-chia-is-successor?srnd=premium\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.bloomberg.com/news/articles/2023-09-04/singapore-central-bank-chief-menon-to-retire-chia-is-successor?srnd=premium","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171933522","content_text":"Ravi Menon, the Monetary Authority of Singapore’s longest-serving chief, will leave the central bank at the end of the year, to be succeeded by Chia Der Jiun.Ravi MenonChia, currently the Ministry of Manpower’s permanent secretary for development, will become managing director-designate of the MAS from Nov. 1, the authority said Monday in an emailed statement. He will assume the role from January and serve through May 31, 2026, according to the statement.Menon has been at the helm of the MAS since 2011 and his term was extended from June 1, for up to two years. He will retire from public service, according to the statement. Bloomberg News reported in April that Chia had been picked to take the baton from Menon when he leaves the central bank and financial regulator this year.Menon, who started at the MAS in 1987, has been at the forefront of efforts by central banks globally to make sense of digital currencies. Chia was one of his former deputies.When Chia was at the MAS, he helped to improve the risk sensitivity of the authority’s regulatory frameworks. He also oversaw the implementation of monetary policy and investment of MAS’s official foreign reserves.","news_type":1},"isVote":1,"tweetType":1,"viewCount":354,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192201611866280,"gmtCreate":1687954679186,"gmtModify":1687954682575,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"with all bankers central painting gloomy picture","listText":"with all bankers central painting gloomy picture","text":"with all bankers central painting gloomy picture","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192201611866280","repostId":"2346863601","repostType":2,"repost":{"id":"2346863601","kind":"highlight","pubTimestamp":1687940730,"share":"https://ttm.financial/m/news/2346863601?lang=&edition=fundamental","pubTime":"2023-06-28 16:25","market":"us","language":"en","title":"This New Bull Market Is Just Getting Started. Buy Stocks on Weakness","url":"https://stock-news.laohu8.com/highlight/detail?id=2346863601","media":"marketwatch","summary":"“ The stock market is one of the best economic forecasters around. ”    The U.S. stock market’s solid gains off the bear-market low is auspicious. Bank of America research shows that 92% of the time a","content":"<html><head></head><body><p>“ The stock market is one of the best economic forecasters around.  ”</p><p>The U.S. stock market’s solid gains off the bear-market low is auspicious. Bank of America research shows that 92% of the time after this happens, the market rises over the next year with an average gain of 9%. This offers no guarantee, but if I am overweight stocks as I am now, I’d rather have history on my side than not. </p><p>Moreover, it’s looking like the U.S. economy will avoid recession. Market bears keep pushing back their recession timing, but are not giving up. Their latest rallying cry is that U.S. consumers will soon run out of excess savings, slow their spending and kill growth.</p><p>This is not going to happen. Consumers have plenty of spending power. Baby boomers alone have $74.8 trillion in net worth and they are spending it, points out Ed Yardeni of Yardeni Research. Total net worth is $140.6 trillion for all U.S. households. </p><p>Next, employment remains strong, and it is not letting up. “The U.S. economy remains admirably resilient, and odds of a recession beginning this year are receding,” Moody’s Analytics economist Mark Zandi predicts. “The economy’s resilience is clearest in the job market. Job growth is steadfast at near 250,000 per month. It is difficult to envisage a recession without significant job losses.”</p><p>Beyond that, consumers have a record $7.6 trillion in annual unearned income from sources including interest, dividends, rents and Social Security. Consumer loan delinquencies are low, and debt-servicing costs are contained relative to income. </p><p>Market internals also predict no recession. Since the October lows, cyclical groups (which do better in times of growth) like tech, consumer discretionary, materials and industrials have done well.  They have outperformed defensive areas like consumer non-discretionary and utilities. The stock market is one of the best economic forecasters around. </p><p>Moreover, stocks are not overvalued. While current valuations are not low, they rarely are during profits recessions. The reason is that we are several quarters into an earnings recession, and p/e ratios increase when earnings decline. The current 21 p/e on the S&amp;P 500 SPX, +1.19% looks high, but multiples were higher during the Great Financial Crisis (28.0) and the Covid recession selloff (23.0). Over the past 50 years, the average multiple on trough earnings has been 20. Valuation is never a catalyst, but it has good predictive power. Today’s 21 multiple on the S&amp;P 500 suggests 5.4% annual returns over the next decade based on history. </p><p>Also consider that if you take out the “Nifty 50,” or the S&amp;P 500’s 50 biggest stocks which includes the top performers including NVDIA NVDA, +2.55%, <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> META, +3.43%, Microsoft MSFT, +2.12%, Tesla TSLA, +2.63% and Apple AAPL, +1.60%, the S&amp;P 500 trades at a p/e of just 15. That is one standard deviation below the benchmark’s historical average multiple of 18. </p><p>Plus, inflation is receding. We’ve won the war on goods inflation, which rose just 0.6% year-over-year in May, the lowest since November 2021 and well below the 14.2% peak in March 2022. The problem is services inflation, and that remains elevated largely because of rent increases. You see this core CPI inflation, stuck at around 6% since early last year. Rent accounts for 43% of core CPI. </p><p>The impact from rents will be changing soon. Leading indicators — the most recent leases — tell us the impact of rent on inflation will be coming down. As a result, overall U.S. inflation could be down to 3%-4% by this fall, Yardeni says. Keep in mind that historically after big inflation spikes, inflation comes down about as fast as it has gone up. </p><h2>Sentiment is still reasonably bearish</h2><p>In investing, it usually pays to be a contrarian and bet against the crowd because groupthink is so often wrong. Investor sentiment has come up a lot since I suggested buying the U.S. market on the October 12, 2022 low for the year. But it is still bearish enough to tell us the market remains a buy.</p><p>I follow about a dozen sentiment indicators. But if you follow just one, make it the Investors Intelligence Bull/Bear ratio. It measures sentiment among stock newsletter writers. It has shot up from last October, to 2.72 from around 0.7 at the lows last year. That is a big gain, but it is still bearish enough, by how I use this measure. </p><p>For me, when this gauge hits 4.0 it means dial back on adding new positions. At 5.0 or above, it means move to cash. At 2.72, it’s still far from the warning track. This tells us we have the requisite “wall of worry” in place to own stocks. Bull markets climb a wall of worry, according to market lore. In practice this means there are enough people to turn bullish and put money into our stocks, to drive them higher. </p><p>A similarly comfortable read comes from Bank of America’s “Sell-Side Indicator.” This one tracks the sentiment of sell-side strategists at brokerages, by considering their suggest portfolio allocation to stocks. This measure was recently at 52.7%, almost as low as during the Great Financial crisis. Historically, when the indicator was at this level or lower, subsequent 12-month S&amp;P 500 returns were positive 94% of the time. This level implies market returns of 16% over the next twelve months.</p><h2>What to buy</h2><p>In bull markets, companies that make money in market-related activities do well. There’s been bullish insider buying recently in Nasdaq NDAQ, +0.42% and Hennessy Advisors HNNA, ), and late last year in CME Group CME, -0.04%. Those are three to consider. </p><p>Meanwhile, cyclical stocks — which outperform during periods of predictable economic growth — have been strong. That will continue, which would favor the tech, consumer discretionary, industrials and materials sectors.</p><p>The cyclical group that really jumps out as a buy is energy. It has not participated in the market rally and the sector looks historically cheap. Energy stocks trade at an average forward p/e multiple of 9.8, vs. an historical average of 16.8. Most of us want renewables to come along as fast as possible and replace fossil fuels. But that is going to take some time. Meanwhile, economic growth will support energy demand. So, energy stocks should move higher. </p><p>Here are three in the sector that have been seeing decent insider buying. Warren Buffett continues to buy large amounts of Occidental Petroleum OXY, -0.17% stock. He’s considered an insider because he owns so much of the company. Moving down in market cap, I’ve recently suggested Comstock Resources CRK, +2.15% and <a href=\"https://laohu8.com/S/MTDR\">Matador Resources</a> MTDR, +0.02% in my stock letter in part because of the insider buying. Comstock is a pure natural gas play, so it will benefit as liquid natural gas facilities come on line over the next several years in the U.S. </p></body></html>","source":"mwatch_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>This New Bull Market Is Just Getting Started. Buy Stocks on Weakness</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\">\nThis New Bull Market Is Just Getting Started. Buy Stocks on Weakness\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-28 16:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/this-new-bull-market-is-just-getting-started-buy-stocks-on-weakness-89a37773?mod=newsviewer_click><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>“ The stock market is one of the best economic forecasters around.  ”The U.S. stock market’s solid gains off the bear-market low is auspicious. Bank of America research shows that 92% of the time ...</p>\n\n<a href=\"https://www.marketwatch.com/story/this-new-bull-market-is-just-getting-started-buy-stocks-on-weakness-89a37773?mod=newsviewer_click\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4532":"文艺复兴科技持仓","IVV":"标普500指数ETF","SH":"标普500反向ETF","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","UPRO":"三倍做多标普500ETF","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","BK4525":"远程办公概念","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","SSO":"两倍做多标普500ETF","LU0079474960.USD":"联博美国增长基金A","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","NVDA":"英伟达","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0082616367.USD":"摩根大通美国科技A（dist）","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4543":"AI","BK4527":"明星科技股","SPXU":"三倍做空标普500ETF","LU0061474960.USD":"天利环球焦点基金AU Acc","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","OEX":"标普100",".SPX":"S&P 500 Index","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","SPY":"标普500ETF","OEF":"标普100指数ETF-iShares","SDS":"两倍做空标普500ETF","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4549":"软银资本持仓","MSFT":"微软","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC"},"source_url":"https://www.marketwatch.com/story/this-new-bull-market-is-just-getting-started-buy-stocks-on-weakness-89a37773?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2346863601","content_text":"“ The stock market is one of the best economic forecasters around.  ”The U.S. stock market’s solid gains off the bear-market low is auspicious. Bank of America research shows that 92% of the time after this happens, the market rises over the next year with an average gain of 9%. This offers no guarantee, but if I am overweight stocks as I am now, I’d rather have history on my side than not. Moreover, it’s looking like the U.S. economy will avoid recession. Market bears keep pushing back their recession timing, but are not giving up. Their latest rallying cry is that U.S. consumers will soon run out of excess savings, slow their spending and kill growth.This is not going to happen. Consumers have plenty of spending power. Baby boomers alone have $74.8 trillion in net worth and they are spending it, points out Ed Yardeni of Yardeni Research. Total net worth is $140.6 trillion for all U.S. households. Next, employment remains strong, and it is not letting up. “The U.S. economy remains admirably resilient, and odds of a recession beginning this year are receding,” Moody’s Analytics economist Mark Zandi predicts. “The economy’s resilience is clearest in the job market. Job growth is steadfast at near 250,000 per month. It is difficult to envisage a recession without significant job losses.”Beyond that, consumers have a record $7.6 trillion in annual unearned income from sources including interest, dividends, rents and Social Security. Consumer loan delinquencies are low, and debt-servicing costs are contained relative to income. Market internals also predict no recession. Since the October lows, cyclical groups (which do better in times of growth) like tech, consumer discretionary, materials and industrials have done well.  They have outperformed defensive areas like consumer non-discretionary and utilities. The stock market is one of the best economic forecasters around. Moreover, stocks are not overvalued. While current valuations are not low, they rarely are during profits recessions. The reason is that we are several quarters into an earnings recession, and p/e ratios increase when earnings decline. The current 21 p/e on the S&P 500 SPX, +1.19% looks high, but multiples were higher during the Great Financial Crisis (28.0) and the Covid recession selloff (23.0). Over the past 50 years, the average multiple on trough earnings has been 20. Valuation is never a catalyst, but it has good predictive power. Today’s 21 multiple on the S&P 500 suggests 5.4% annual returns over the next decade based on history. Also consider that if you take out the “Nifty 50,” or the S&P 500’s 50 biggest stocks which includes the top performers including NVDIA NVDA, +2.55%, Meta Platforms META, +3.43%, Microsoft MSFT, +2.12%, Tesla TSLA, +2.63% and Apple AAPL, +1.60%, the S&P 500 trades at a p/e of just 15. That is one standard deviation below the benchmark’s historical average multiple of 18. Plus, inflation is receding. We’ve won the war on goods inflation, which rose just 0.6% year-over-year in May, the lowest since November 2021 and well below the 14.2% peak in March 2022. The problem is services inflation, and that remains elevated largely because of rent increases. You see this core CPI inflation, stuck at around 6% since early last year. Rent accounts for 43% of core CPI. The impact from rents will be changing soon. Leading indicators — the most recent leases — tell us the impact of rent on inflation will be coming down. As a result, overall U.S. inflation could be down to 3%-4% by this fall, Yardeni says. Keep in mind that historically after big inflation spikes, inflation comes down about as fast as it has gone up. Sentiment is still reasonably bearishIn investing, it usually pays to be a contrarian and bet against the crowd because groupthink is so often wrong. Investor sentiment has come up a lot since I suggested buying the U.S. market on the October 12, 2022 low for the year. But it is still bearish enough to tell us the market remains a buy.I follow about a dozen sentiment indicators. But if you follow just one, make it the Investors Intelligence Bull/Bear ratio. It measures sentiment among stock newsletter writers. It has shot up from last October, to 2.72 from around 0.7 at the lows last year. That is a big gain, but it is still bearish enough, by how I use this measure. For me, when this gauge hits 4.0 it means dial back on adding new positions. At 5.0 or above, it means move to cash. At 2.72, it’s still far from the warning track. This tells us we have the requisite “wall of worry” in place to own stocks. Bull markets climb a wall of worry, according to market lore. In practice this means there are enough people to turn bullish and put money into our stocks, to drive them higher. A similarly comfortable read comes from Bank of America’s “Sell-Side Indicator.” This one tracks the sentiment of sell-side strategists at brokerages, by considering their suggest portfolio allocation to stocks. This measure was recently at 52.7%, almost as low as during the Great Financial crisis. Historically, when the indicator was at this level or lower, subsequent 12-month S&P 500 returns were positive 94% of the time. This level implies market returns of 16% over the next twelve months.What to buyIn bull markets, companies that make money in market-related activities do well. There’s been bullish insider buying recently in Nasdaq NDAQ, +0.42% and Hennessy Advisors HNNA, ), and late last year in CME Group CME, -0.04%. Those are three to consider. Meanwhile, cyclical stocks — which outperform during periods of predictable economic growth — have been strong. That will continue, which would favor the tech, consumer discretionary, industrials and materials sectors.The cyclical group that really jumps out as a buy is energy. It has not participated in the market rally and the sector looks historically cheap. Energy stocks trade at an average forward p/e multiple of 9.8, vs. an historical average of 16.8. Most of us want renewables to come along as fast as possible and replace fossil fuels. But that is going to take some time. Meanwhile, economic growth will support energy demand. So, energy stocks should move higher. Here are three in the sector that have been seeing decent insider buying. Warren Buffett continues to buy large amounts of Occidental Petroleum OXY, -0.17% stock. He’s considered an insider because he owns so much of the company. Moving down in market cap, I’ve recently suggested Comstock Resources CRK, +2.15% and Matador Resources MTDR, +0.02% in my stock letter in part because of the insider buying. Comstock is a pure natural gas play, so it will benefit as liquid natural gas facilities come on line over the next several years in the U.S.","news_type":1},"isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138899251,"gmtCreate":1621923102073,"gmtModify":1704364513133,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"shoppee","listText":"shoppee","text":"shoppee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/138899251","repostId":"1154364832","repostType":2,"repost":{"id":"1154364832","kind":"news","pubTimestamp":1621824866,"share":"https://ttm.financial/m/news/1154364832?lang=&edition=fundamental","pubTime":"2021-05-24 10:54","market":"us","language":"en","title":"Sea Limited Is Ready To Fire On All Cylinders","url":"https://stock-news.laohu8.com/highlight/detail?id=1154364832","media":"seekingalpha","summary":"SummarySea Limited continues to extend its leadership across all its business segments with a blockb","content":"<p>Summary</p><ul><li>Sea Limited continues to extend its leadership across all its business segments with a blockbuster Q1’21 performance.</li><li>Investors need to pay attention to its potential cash flow margins that could far exceed even AMZN and MELI.</li><li>At the current price, investors are getting a bargain even at the bear case of its fair value range with a DCF framework.</li></ul><p><img src=\"https://static.tigerbbs.com/04fbbc1a372c45d5d8e903015e5b0dfe\" tg-width=\"768\" tg-height=\"512\" referrerpolicy=\"no-referrer\">Photo by Wachiwit/iStock Editorial via Getty ImagesInvestment Thesis</p><p>Sea Limited (SE) has fallen about 13% from its all-time high. The company has continued to dominate its markets and looks certain to further extend its leadership position and expand its verticals to take even more market share away from its competitors. Investors should take advantage of the consolidation to initiate or add positions to this potential massive cash flow generator.</p><p><b>Earnings Review and What To Look Out For?</b></p><p>Sea Limited is the largest integrated Internet company in South East Asia, with operations spanning across gaming, e-commerce, and fintech.</p><p>The company’s recent Q1’21 results were another blockbuster across all business segments, demonstrating the company’s strong leadership and well-executed growth strategies towards itsvision:</p><blockquote>We think we stand in the best position to capitalize on the opportunity to build the largest consumer Internet ecosystem in the region. And we'll continue to focus on executing on our core businesses as well as building those ecosystems.</blockquote><p>As a reminder, for its e-commerce segment Shopee, Sea considers its region to comprise the following markets: Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia, and Singapore, of which Indonesia is the company’s largest market.</p><p>For its gaming segmentGarena, the company’s largest and growing markets comprise Southeast Asia, Taiwan, Brazil, Mexico, India, North America, Russia, and the Middle East.</p><p><img src=\"https://static.tigerbbs.com/932ec3694e935afbfa643e9c904ce964\" tg-width=\"1280\" tg-height=\"636\" referrerpolicy=\"no-referrer\">SE’s Quarterly Results. Data Source: S&amp;P Global Market Intelligence</p><p>Q1’21 YoY revenue growth accelerated to 146.7%. In fact, Q1’21 is the 11th consecutive quarter of &gt;100% YoY revenue growth. The company’s main revenue driverGarena recorded a 111.4% YoY rise, while Shopee and other services recorded a 189.8% YoY increase.</p><p>Gross margin also improved significantly compared to the prior year. Q1’21 gross margin came in at 36.6% as compared to 28.9% a year ago. In its respective segments, Garena’s gross margin also improved to 68.2% from 38.6% a year ago, while Shopee’s gross margin went up to 13.7% from 7.1% a year ago.</p><p><img src=\"https://static.tigerbbs.com/6d9651b44ee4d09b2dcf3d8c49e72213\" tg-width=\"1280\" tg-height=\"629\" referrerpolicy=\"no-referrer\"></p><p>SE’s LTM results. Data Source: S&amp;P Global Market Intelligence</p><p>Looking across the longer-term trend using the LTM basis, we could also see similar fantastic top line performance. LTM YoY revenue growth came in at 113.7%, and gross margin also improved to 33% compared to 30.4% a year ago. Therefore, investors should be encouraged to know that Sea’s top line performance has been consistently getting better and better even as it scaled up fast, improving its cost of revenue ratio, showing just how capable the company is in being able to execute its growth strategies across multiple countries within its region.</p><p>Investors may want to continue paying attention to the company’s sales and marketing spend as it still accounted for the majority of the operating expenses in both the Q and LTM results, respectively. More importantly, sales and marketing spend as a percentage of revenue has continued to fall as the company scaled up, reflecting improving cost efficiencies over time.</p><p><img src=\"https://static.tigerbbs.com/695523a022549fe176d5ac4f89f3c4cb\" tg-width=\"1004\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p><p>SE’s OPEX as a % of Revenue (LTM Trend). Data Source: S&amp;P Global Market Intelligence</p><p>This has certainly helped to improve the company’s overall cost efficiencies over time, showing clearly the benefits of economies of scale of the company’s business model. LTM sales and marketing spend improved to 40.6% of revenue from 43.3% a year ago, while LTM overall operating expenses improved to 59.9% of revenue from 67.4% a year ago.</p><p>This has helped to narrow the company’s LTM negative operating margin to -27% from -37%. Investors should be reminded not to focus on SE’s near-term operating margins as a gauge of the company’s core operating performance. This is because the company is still in the early stages (despite growing so rapidly) of penetrating Southeast Asia’s massive e-commerce market, of which it is the clear leader currently. The company is expected to continue investing heavily in sales and marketing, in order to drive the massive potential for growth in the region and to establish itself as the future undisputed e-commerce leader in the region taking the large majority of the pie, leaving the rest of its competitors to only be able to compete in their much smaller respective niche market segments, just like what Amazon (AMZN) had done in its established markets.</p><p>In fact, Sea’s CEOForrest Li, who was named “Singapore Businessman of the Year at the 35th Singapore Business Awards in Nov 20” added:</p><blockquote>Let me put it this way, it (Shopee) can be profitable anytime. But I think what's really important to us is we think it's still very early days for e-commerce development. We are in a very good situation because Garena has been profitable - actually it's pretty profitable, and this gives us the resources to invest in Shopee, invest in SeaMoney. I think pretty soon, Shopee will turn to be profitable as well. In certain markets, like Taiwan, it's already profitable. And then we will have more resources; two cash flow generators: Garena and Shopee. This allows us to continually invest in future opportunities.</blockquote><p>I have previously discussed (articles listedhereandhere) how important it is for investors to focus on cash flows for companies with massive scalability potential like Coupang (CPNG) and Opendoor Technologies (OPEN) which are still in their early days of penetrating their respective markets.</p><p>It is the same focus for Sea as we attempt to delve deeper into its cash flow generating ability. Sea uses Adjusted EBITDA to report its cash flow performance. I will present the discussion from FCF and EBITDA point of view first as a matter of consistency, before going over to the Adjusted EBITDA metrics.</p><p><img src=\"https://static.tigerbbs.com/ae1db2d81fcf921eaba649f93cbbf9e0\" tg-width=\"1280\" tg-height=\"601\" referrerpolicy=\"no-referrer\"></p><p>SE’s LTM CFO Margin and LTM FCF Margin. Data Source: S&amp;P Global Market Intelligence</p><p>A quick glance over to its cash flow statement unveiled just how well-performing SE has been with its cash flow management. In fact, SE’s CFO and FCF performance has been improving remarkably over time as it scaled up quickly, and the company is just getting started. Its LTM CFO margins have been steadily improving over the previous year from -5.36% to 17.28% for the Q1’21 quarter. In addition, its LTM FCF margins also improved steadily over the previous year from -13.4% to 11.08%.</p><p><img src=\"https://static.tigerbbs.com/2c3f20175798dec1212a5aac70feb8cc\" tg-width=\"1280\" tg-height=\"826\" referrerpolicy=\"no-referrer\"></p><p>SE’s EBITDA Margin &amp; EBIT Margin. Data Source: S&amp;P Global Market Intelligence</p><p>When we move over to its EBITDA margins, the improvement in trend of its core operating performance is also clearly discernible. Although it has yet to turn EBITDA positive, it was due mainly to necessary investments in sales and marketing.</p><p><img src=\"https://static.tigerbbs.com/5b82c3c4bf6f1a5698e05c68eaddbe2e\" tg-width=\"1280\" tg-height=\"819\" referrerpolicy=\"no-referrer\"></p><p><b>SE’s CapEx Margin &amp; CFO Margin. Data Source: S&amp;P Global Market Intelligence</b></p><p>SE has also benefited from the huge improvement in its core operating performance as seen in its CFO margin trend, while its heavy earlier CapEx investments have started to bear fruit as it scaled, as the CapEx margin is trending lower, and its CFO will now be able to sustain its CapEx moving forward.</p><p>It’s very clear that SE’s business has well cleared its inflection point of heavy investments to scale up, and the company is well on its way to generate huge cash flows in the future as it continues to power ahead in its market penetration.</p><p><img src=\"https://static.tigerbbs.com/88fb528aaddb4c6a12d219ac9c2e9f64\" tg-width=\"1280\" tg-height=\"730\" referrerpolicy=\"no-referrer\"></p><p>SE’s EBITDA Margin Forecast &amp; CapEx Margin Forecast. Data Source: S&amp;P Global Market Intelligence</p><p>Moving ahead, we can also see that SE’s forward EBITDA margin trend is expected to significantly expand, while CapEx margin is expected to continue to fall. The company is on track to be a massive cash flow generator, with EBITDA margin expected to be about 43.8% by FY 30. Therefore, investors must be aligned with Sea’s long-term vision of focusing on growing its cash flows as it continues to penetrate the region’s markets. Based on its current growth trajectory, SE’s cash flow generating potential looks massive.</p><p><img src=\"https://static.tigerbbs.com/46dd783ffd94d877ef749555e8869764\" tg-width=\"1280\" tg-height=\"735\" referrerpolicy=\"no-referrer\"></p><p>AMZN’s &amp; SE’s EBITDA Margin Forecast &amp; CapEx Margin Forecast. Data Source: S&amp;P Global Market Intelligence</p><p>When we bring in AMZN’s forecasts, I believe investors can clearly see what I mean. AMZN is already quite profitable based on its EBITDA margin, while SE’s EBITDA margin profitability is probably just getting started and SE is expected to grow its EBITDA margins much faster than AMZN, and this only goes to show the tremendous potential of the markets that SE is operating in. Investors are clearly reminded to give Shopee time to scale up to deliver the kind of cash flow profitability that will drive future returns.</p><p><img src=\"https://static.tigerbbs.com/37f1f59f3a8d0e8ef6e74b521330d9f7\" tg-width=\"1280\" tg-height=\"714\" referrerpolicy=\"no-referrer\">SE’s Adjusted EBITDA. Source: SE 6-K</p><p>As we move on to the segmented Adjusted EBITDA presented by the company, we can then infer what SE CEO Forrest Li meant by “Garena providing the resources for the company to invest in Shopee and SeaMoney.”</p><p>The company is continuing to build on Garena’s success to deliver the resources needed to invest in Shopee and SeaMoney. Investors should consider Shopee and SeaMoney as an entity because they have tremendous synergies and are each other’s flywheel. Garena offers clear cash flow visibility for Shopee and SeaMoney to grow.</p><p>Garena’s bookings reached $1.1B in Q1’21, which represents a 117.4% YoY increase. The bookings consist of current revenue and change in deferred revenue, the part which provides visibility into future revenue recognition.</p><p>As can be seen, based on Adjusted EBITDA, which also included change in deferred revenue, SE has turned profitable. Unlike many other e-commerce companies or internet companies, SE already has a cash flow profitable Garena segment to provide the resources to drive its e-commerce and fintech segment growth. This combination is extremely powerful and, coupled with the company’s remarkable execution, has already brought FCF profitability to its operations, and soon EBITDA profitable. This will certainly allow SE to push even harder to drive more sustainable investments into more verticals and products to expand its ecosystem and further reduce the share of the pie available and pull itself further away from its closest competitors.</p><p>Therefore, investors must continue to pay attention to the key growth drivers in Garena, and how the company intends to stretch its leadership further to protect its key cash flow generator until Shopee and SeaMoney become self-sustainable.</p><p><img src=\"https://static.tigerbbs.com/3291643e2334f5cf171810ba13d16ca2\" tg-width=\"1100\" tg-height=\"604\" referrerpolicy=\"no-referrer\"></p><p>Shopee’s Adjusted EBITDA per order. Source:Techinasia</p><p>As Shopee continues to drive its fast expansion across the region, its unit economics have continued to improve remarkably, as it achieved operating efficiencies over time, leading to further reductions in Adjusted EBITDA loss per order. For Q1’21, the Adjusted EBITDA loss per order improved to $0.38, which represents a 38% YoY decline. As the company has guided earlier, it would not be long before Shopee achieves self-sustaining EBITDA profitability.</p><p><b>What’s Next for Garena?</b></p><p>At the Pocket Gamer Awards 2021, Garena received the Best Mobile Publisher Award, and Free Fire was also named the Best Battle Royale Game.</p><p>Yet, according to the company, Garena’s most popular self-developedFree Fireis</p><blockquote>still at an early stage of driving growth on the user base as well as pay user base for this game and developing it into a social platform where people not only come to play the core gameplay, but also enjoy other modes hangout, listen to music, social lives.”</blockquote><p>The company’s focus on Free Fire is notable as it is Garena’s most important revenue driver. Therefore the ability to scale Free Fire beyond just a game but into a social platform would bring Free Fire into its next phase of growth while continuing to grow its active user base and paying users. Sea also emphasized that the company continues to see “stickiness” in its active user metrics as the average active user spends about 2 to 3 hours daily on its platform. Not only has Garena grown its quarterly paying users 123.5% YoY, its quarterly paying users also represented 12.3% of quarterly active users (QAU) for Q1’21 as compared to 8.9% a year ago. Therefore driving the stickiness of the platform and encouraging more time spent among its active users would help to drive its paying user ratio up.</p><p>Sea believes that one of the key factors that could help to drive Garena towards its vision of a social platform is dramatically increasing its modes of engagement with its users. This is not just restricted to online activities, but also offline community engagement programs. The whole intent is to develop a “broad-based platform stickiness” beyond its top active users, by building and growing the platform into a much larger community and provide the users ample opportunities to socialize and engage through its ongoing content development, and its promotion of community engagement.</p><p>A key aspect of its community engagement strategies is focused on eSports. Sea believes that it operates the “largest mobile-game professional league in Southeast Asia, Taiwan and Brazil” and Free Fire was also named the “eSports Mobile Game of the Year at the eSports Awards 2020”. (Source: SE 20-F). The company continues to hold very large-scale eSports tournaments and events to strengthen its community engagement strategies such as Free Fire League Latinoamerica 2021, and its flagship Garena World event in April. On the 28th May, theFree Fire World Series 2021 Singapore(FFWS 2021 SG), which is Free Fire’s most prestigious eSports tournament, will take place in Singapore with a massive prize pool of US2M. Sea is showing no signs of ever letting the company’s most important revenue driver and most profitable segment to slip through its grip. Instead, it continues to build on its success as the leading eSports organizer in its markets.</p><p>Garena is also looking way beyond the success of Free Fire and is constantly developing its games portfolio pipeline through constant R&amp;D and product development with its “significant number of our more than 1,000 in-house game developers globally are constantly working on new ideas, while we continue to engage with third-party game studios for collaboration on promising and complementary game development and publishing opportunities.” (Source: SE Q1’21 earnings transcript)</p><p><b>Expanding Shopee’s Global Footprint and Verticals</b></p><p>Sea is actively expanding its presence in LatAm’s largest e-commerce market:Brazil, taking on MercadoLibre (MELI) in its most important market and with eyes on the whole LatAm. Although Sea is a relatively new player in e-commerce, having set up Shopee only in2015, the company is no stranger to taking on big incumbents. Shopee has already unseated the incumbent Alibaba-backed (BABA)Lazadaas the number one e-commerce platform in Southeast Asia. In addition, in its most important market, Indonesia, the company has also unseated incumbent Tokopedia as the leader, and Shopee was also recently reported to be themost visited e-commerce websiteamong Indonesian consumers in 2020.</p><p>Sea further highlighted that the company continued to rank first in MAU and total time spent on apps in the shopping category across its markets in Southeast Asia, and in Indonesia it also recorded its fastest quarterly YoY growth rates on record. (Source: SE Q1’21 earnings transcript)</p><p>Therefore, Sea is an extremely well-managed company, capable of pulling off challenging growth strategies against other large incumbents. Don’t bet against Sea.</p><p>In addition, the company has also ventured into other verticals such as food delivery to expand its ecosystem. Sea sees food delivery as a complementary offering in Shopee. In Vietnam, Sea-owned food delivery service Now which it acquired in 2017 is already themarket leader, having unseated the incumbent Grab. The company also recently launched its food delivery service in Jakarta, Indonesia, with plans to launch into other cities in the future.</p><p><b>The SeaMoney Synergies</b></p><p>Sea’s fintech platform SeaMoney continues to see continued success and growth as mobile wallet services TPV recorded a YoY growth of almost 209% to $3.4B, as ShopeePay continues to ride on the coattails of Shopee’s rapid growth. The company also highlighted that according to Snapcart Indonesia’s survey in March, “ShopeePay was the most used, the most remembered and most liked mobile wallet by Indonesian consumers during the first quarter.” (Source: SE Q1’21 earnings transcript)</p><p>The company is also aggressively expanding its off-platform use cases by establishing “partnerships with major consumer brands in Indonesia, one of which is their partnership with Indomaret, a leading Indonesian convenience store chain, as well as with Wendy’s(NASDAQ:WEN)and Domino’s Pizza(NYSE:DPZ).”</p><p>The company has also continued to improve the utility within ShopeePay adding new features such as “Deals Near Me”, which was said to have driven “significant footfall to its onboarded offline merchants.”</p><p>The strategy of incorporating the higher-margin digital financial services products such as wealth management products is also within the pipeline and is a natural extension of its fintech strategy. Although I believe this may be the most challenging aspect among its growth strategies within SeaMoney as financial services is a highly regulated market and the Southeast Asia region’s regulatory landscape largely differs between countries. Yet, it is still a key area of growth within the company’s overall fintech blueprint.</p><p><b>GoTo: What Should Investors Look Out For In The Tokopedia And Gojek Merger?</b></p><p>Much has been said recently regarding the SoftBank(OTCPK:SFTBY)and Alibaba-backedmergerbetween Tokopedia and Gojek and the risks it may pose to Sea’s leadership.</p><p>What’s important for investors to note is that in my opinion, the move seems born out of a measure of “desperation” to save their own businesses from the growing prowess of Grab (AGC) and SE in Gojek’s case and SE in Tokopedia’s case who have been aggressively taking away their respective market share, eventually culminating in them losing their respective market leadership. Therefore, it’s a marriage of two “losing” incumbents who have failed to stem the charge of their strong and well-managed new market entrants in Sea and Grab. Sea and Grab are themselves no strangers to dislodging market-leading incumbents, with Grab having sentUber Technologies(UBER) packing home from Southeast Asia and BABA-backed Lazada getting overtaken by Sea in the Southeast Asian market.</p><p>Grab’s food delivery business was reported to account for 53% of Indonesia’s food delivery market, while its ride-hailing business was reported to account for 64% of the Indonesian ride-hailing market in2019. Grab sees Indonesia as the crown jewel in its Southeast Asian portfolio, with Grab CEOAnthony Tanreportedly having spent a lot of time in Indonesia to oversee its growth strategies. With Grab projected to turnEBITDA profitable by 2023, I feel Gojek may have already crucially lost the initiative to Grab.</p><p>Tokopedia, which was founded in 2009 had a head start of close to 6 years over Shopee, a huge amount of time in Tech before Shopee commenced operations in 2015. In just a short span of 6 years, not only has Tokopedia lost its leadership position to Shopee, ShopeePay has also overtaken all the other e-payment players in Indonesia in a mere two years, as ShopeePay now holds a38% share, well ahead of Grab-backed OVO and Gojek’s GoPay, both holding 19% share each. Remember the Shopee and ShopeePay’s synergies, it’s like a flywheel, each driving increased usage of the other, and leading further to increased GMV and TPV respectively. Shopee also reportedly understands Indonesian consumers’ needs better, especially among the female consumers as compared to Tokopedia according to a report byMomentum Works:</p><blockquote>For Shopee, fashion and beauty are the most popular product categories. On the other hand, Tokopedia is more established in mobile and electronics. This explains why many of the female Indonesians are going to Shopee instead. For mobile and electronics, you probably only buy them once or twice a year. For fashion and beauty, it’s a different story. You can buy it every other month and even if you do not buy, you browse a lot – sending traffic to the platform. Impulse buying is also common for these categories, which is just nice for an ecosystem of shoppers, products as well as influencers.</blockquote><p>With Sea having already turned Adjusted EBITDA profitable in Q1’21, the company is well ready to take on the challenges of this merger between the two incumbents, who may have already crucially lost their opportunities to “turn back time”, even with a merger that is perhaps too little too late.</p><p><b>Valuations</b></p><p><img src=\"https://static.tigerbbs.com/9af1f1703d974dcc9562883dc04d1f13\" tg-width=\"1134\" tg-height=\"518\" referrerpolicy=\"no-referrer\"></p><p>Peers EV / Fwd Rev. Data Source: S&amp;P Global Market Intelligence</p><p>With such huge potential growth coming from Sea’s markets, Sea obviously trades at a premium when compared to its e-commerce peers, if we simply base off their respective expected revenue growth.</p><p><img src=\"https://static.tigerbbs.com/3607c4899ac3e4b1beccce944f68a638\" tg-width=\"1280\" tg-height=\"728\" referrerpolicy=\"no-referrer\"></p><p>Peers’ EBITDA Margin Forecast &amp; CapEx Forecast. Data Source: S&amp;P Global Market Intelligence</p><p>However, when we peek into Sea’s superior future cash flow generating capability using its projected EBITDA margins, we can see that Sea is only just getting started.</p><p>Since the company is expected to produce predictable cash flows moving forward, I find it meaningful to conduct a DCF valuation framework to determine a range of fair values with the results presented below.</p><p>Based on the DCF framework, I find SE undervalued by about 26% at the midpoint of its fair value range, with respect to the stock price of $246.33 as at 21 May 21. Therefore, I find the price level highly attractive.</p><p><img src=\"https://static.tigerbbs.com/0e8d8cce67ca4c035e6314b345d5f05a\" tg-width=\"1280\" tg-height=\"277\" referrerpolicy=\"no-referrer\"></p><p>Range of Fair Values. Data Source: S&amp;P Global Market Intelligence</p><p><img src=\"https://static.tigerbbs.com/84cb6fe959ae96e28a8f3a60146ec35f\" tg-width=\"1154\" tg-height=\"726\" referrerpolicy=\"no-referrer\"></p><p>WACC computation. Data Source: S&amp;P Global Market Intelligence</p><p><img src=\"https://static.tigerbbs.com/8982fb5ac9e8bb059635b287f81fe221\" tg-width=\"1280\" tg-height=\"206\" referrerpolicy=\"no-referrer\"></p><p>Fwd Rev &amp; Fwd EBITDA. Data Source: S&amp;P Global Market Intelligence</p><p><img src=\"https://static.tigerbbs.com/4e1e7da44b94ab543e888920747044ca\" tg-width=\"1172\" tg-height=\"934\" referrerpolicy=\"no-referrer\"></p><p>Unlevered FCF &amp; Enterprise Value. Data Source: S&amp;P Global Market Intelligence</p><p><img src=\"https://static.tigerbbs.com/75f2f24a8f6afecdf6bf0644d9bf8423\" tg-width=\"1014\" tg-height=\"696\" referrerpolicy=\"no-referrer\"></p><p>Equity Value Bridge. Data Source: S&amp;P Global Market Intelligence</p><p><b>Price Action and Technical Analysis</b></p><p><img src=\"https://static.tigerbbs.com/bab4482ce4bebbe89bc6636f5d39f10d\" tg-width=\"1280\" tg-height=\"798\" referrerpolicy=\"no-referrer\">Source: TradingView</p><p>SE has been on a meteoric rise since Mar 20, and as at the date of writing (21 May 21), the stock was down by about 13% from its all-time high in Feb 21. The price level between $275 and $285 looks to be an area of key resistance and bull traps previously set to lure in late buyers.</p><p>Key support is at $200, with the 50-period MA also serving as a key dynamic support area. I may continue to add more positions into this stock if the price level retraces nearer to $200 at the next retracement.</p><p>Otherwise, investors who wish to initiate or add more positions may find the current price attractive.</p><p>Further key support levels are currently at $179 and $155, areas that I would likely add very aggressively if the price was to retrace to those areas.</p><p><b>Conclusion</b></p><p>Sea is a very well-managed and ambitious integrated Internet company that looks to be at the next phase of its rapid growth and profitability. Investors may wish to take advantage of the current consolidation phase to gain entry or add positions to this potentially massive cash flow machine.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Limited Is Ready To Fire On All Cylinders</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Limited Is Ready To Fire On All Cylinders\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-24 10:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4430755-sea-limited-stock-se-ready-to-fire-on-all-cylinders><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummarySea Limited continues to extend its leadership across all its business segments with a blockbuster Q1’21 performance.Investors need to pay attention to its potential cash flow margins that ...</p>\n\n<a href=\"https://seekingalpha.com/article/4430755-sea-limited-stock-se-ready-to-fire-on-all-cylinders\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4430755-sea-limited-stock-se-ready-to-fire-on-all-cylinders","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1154364832","content_text":"SummarySea Limited continues to extend its leadership across all its business segments with a blockbuster Q1’21 performance.Investors need to pay attention to its potential cash flow margins that could far exceed even AMZN and MELI.At the current price, investors are getting a bargain even at the bear case of its fair value range with a DCF framework.Photo by Wachiwit/iStock Editorial via Getty ImagesInvestment ThesisSea Limited (SE) has fallen about 13% from its all-time high. The company has continued to dominate its markets and looks certain to further extend its leadership position and expand its verticals to take even more market share away from its competitors. Investors should take advantage of the consolidation to initiate or add positions to this potential massive cash flow generator.Earnings Review and What To Look Out For?Sea Limited is the largest integrated Internet company in South East Asia, with operations spanning across gaming, e-commerce, and fintech.The company’s recent Q1’21 results were another blockbuster across all business segments, demonstrating the company’s strong leadership and well-executed growth strategies towards itsvision:We think we stand in the best position to capitalize on the opportunity to build the largest consumer Internet ecosystem in the region. And we'll continue to focus on executing on our core businesses as well as building those ecosystems.As a reminder, for its e-commerce segment Shopee, Sea considers its region to comprise the following markets: Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia, and Singapore, of which Indonesia is the company’s largest market.For its gaming segmentGarena, the company’s largest and growing markets comprise Southeast Asia, Taiwan, Brazil, Mexico, India, North America, Russia, and the Middle East.SE’s Quarterly Results. Data Source: S&P Global Market IntelligenceQ1’21 YoY revenue growth accelerated to 146.7%. In fact, Q1’21 is the 11th consecutive quarter of >100% YoY revenue growth. The company’s main revenue driverGarena recorded a 111.4% YoY rise, while Shopee and other services recorded a 189.8% YoY increase.Gross margin also improved significantly compared to the prior year. Q1’21 gross margin came in at 36.6% as compared to 28.9% a year ago. In its respective segments, Garena’s gross margin also improved to 68.2% from 38.6% a year ago, while Shopee’s gross margin went up to 13.7% from 7.1% a year ago.SE’s LTM results. Data Source: S&P Global Market IntelligenceLooking across the longer-term trend using the LTM basis, we could also see similar fantastic top line performance. LTM YoY revenue growth came in at 113.7%, and gross margin also improved to 33% compared to 30.4% a year ago. Therefore, investors should be encouraged to know that Sea’s top line performance has been consistently getting better and better even as it scaled up fast, improving its cost of revenue ratio, showing just how capable the company is in being able to execute its growth strategies across multiple countries within its region.Investors may want to continue paying attention to the company’s sales and marketing spend as it still accounted for the majority of the operating expenses in both the Q and LTM results, respectively. More importantly, sales and marketing spend as a percentage of revenue has continued to fall as the company scaled up, reflecting improving cost efficiencies over time.SE’s OPEX as a % of Revenue (LTM Trend). Data Source: S&P Global Market IntelligenceThis has certainly helped to improve the company’s overall cost efficiencies over time, showing clearly the benefits of economies of scale of the company’s business model. LTM sales and marketing spend improved to 40.6% of revenue from 43.3% a year ago, while LTM overall operating expenses improved to 59.9% of revenue from 67.4% a year ago.This has helped to narrow the company’s LTM negative operating margin to -27% from -37%. Investors should be reminded not to focus on SE’s near-term operating margins as a gauge of the company’s core operating performance. This is because the company is still in the early stages (despite growing so rapidly) of penetrating Southeast Asia’s massive e-commerce market, of which it is the clear leader currently. The company is expected to continue investing heavily in sales and marketing, in order to drive the massive potential for growth in the region and to establish itself as the future undisputed e-commerce leader in the region taking the large majority of the pie, leaving the rest of its competitors to only be able to compete in their much smaller respective niche market segments, just like what Amazon (AMZN) had done in its established markets.In fact, Sea’s CEOForrest Li, who was named “Singapore Businessman of the Year at the 35th Singapore Business Awards in Nov 20” added:Let me put it this way, it (Shopee) can be profitable anytime. But I think what's really important to us is we think it's still very early days for e-commerce development. We are in a very good situation because Garena has been profitable - actually it's pretty profitable, and this gives us the resources to invest in Shopee, invest in SeaMoney. I think pretty soon, Shopee will turn to be profitable as well. In certain markets, like Taiwan, it's already profitable. And then we will have more resources; two cash flow generators: Garena and Shopee. This allows us to continually invest in future opportunities.I have previously discussed (articles listedhereandhere) how important it is for investors to focus on cash flows for companies with massive scalability potential like Coupang (CPNG) and Opendoor Technologies (OPEN) which are still in their early days of penetrating their respective markets.It is the same focus for Sea as we attempt to delve deeper into its cash flow generating ability. Sea uses Adjusted EBITDA to report its cash flow performance. I will present the discussion from FCF and EBITDA point of view first as a matter of consistency, before going over to the Adjusted EBITDA metrics.SE’s LTM CFO Margin and LTM FCF Margin. Data Source: S&P Global Market IntelligenceA quick glance over to its cash flow statement unveiled just how well-performing SE has been with its cash flow management. In fact, SE’s CFO and FCF performance has been improving remarkably over time as it scaled up quickly, and the company is just getting started. Its LTM CFO margins have been steadily improving over the previous year from -5.36% to 17.28% for the Q1’21 quarter. In addition, its LTM FCF margins also improved steadily over the previous year from -13.4% to 11.08%.SE’s EBITDA Margin & EBIT Margin. Data Source: S&P Global Market IntelligenceWhen we move over to its EBITDA margins, the improvement in trend of its core operating performance is also clearly discernible. Although it has yet to turn EBITDA positive, it was due mainly to necessary investments in sales and marketing.SE’s CapEx Margin & CFO Margin. Data Source: S&P Global Market IntelligenceSE has also benefited from the huge improvement in its core operating performance as seen in its CFO margin trend, while its heavy earlier CapEx investments have started to bear fruit as it scaled, as the CapEx margin is trending lower, and its CFO will now be able to sustain its CapEx moving forward.It’s very clear that SE’s business has well cleared its inflection point of heavy investments to scale up, and the company is well on its way to generate huge cash flows in the future as it continues to power ahead in its market penetration.SE’s EBITDA Margin Forecast & CapEx Margin Forecast. Data Source: S&P Global Market IntelligenceMoving ahead, we can also see that SE’s forward EBITDA margin trend is expected to significantly expand, while CapEx margin is expected to continue to fall. The company is on track to be a massive cash flow generator, with EBITDA margin expected to be about 43.8% by FY 30. Therefore, investors must be aligned with Sea’s long-term vision of focusing on growing its cash flows as it continues to penetrate the region’s markets. Based on its current growth trajectory, SE’s cash flow generating potential looks massive.AMZN’s & SE’s EBITDA Margin Forecast & CapEx Margin Forecast. Data Source: S&P Global Market IntelligenceWhen we bring in AMZN’s forecasts, I believe investors can clearly see what I mean. AMZN is already quite profitable based on its EBITDA margin, while SE’s EBITDA margin profitability is probably just getting started and SE is expected to grow its EBITDA margins much faster than AMZN, and this only goes to show the tremendous potential of the markets that SE is operating in. Investors are clearly reminded to give Shopee time to scale up to deliver the kind of cash flow profitability that will drive future returns.SE’s Adjusted EBITDA. Source: SE 6-KAs we move on to the segmented Adjusted EBITDA presented by the company, we can then infer what SE CEO Forrest Li meant by “Garena providing the resources for the company to invest in Shopee and SeaMoney.”The company is continuing to build on Garena’s success to deliver the resources needed to invest in Shopee and SeaMoney. Investors should consider Shopee and SeaMoney as an entity because they have tremendous synergies and are each other’s flywheel. Garena offers clear cash flow visibility for Shopee and SeaMoney to grow.Garena’s bookings reached $1.1B in Q1’21, which represents a 117.4% YoY increase. The bookings consist of current revenue and change in deferred revenue, the part which provides visibility into future revenue recognition.As can be seen, based on Adjusted EBITDA, which also included change in deferred revenue, SE has turned profitable. Unlike many other e-commerce companies or internet companies, SE already has a cash flow profitable Garena segment to provide the resources to drive its e-commerce and fintech segment growth. This combination is extremely powerful and, coupled with the company’s remarkable execution, has already brought FCF profitability to its operations, and soon EBITDA profitable. This will certainly allow SE to push even harder to drive more sustainable investments into more verticals and products to expand its ecosystem and further reduce the share of the pie available and pull itself further away from its closest competitors.Therefore, investors must continue to pay attention to the key growth drivers in Garena, and how the company intends to stretch its leadership further to protect its key cash flow generator until Shopee and SeaMoney become self-sustainable.Shopee’s Adjusted EBITDA per order. Source:TechinasiaAs Shopee continues to drive its fast expansion across the region, its unit economics have continued to improve remarkably, as it achieved operating efficiencies over time, leading to further reductions in Adjusted EBITDA loss per order. For Q1’21, the Adjusted EBITDA loss per order improved to $0.38, which represents a 38% YoY decline. As the company has guided earlier, it would not be long before Shopee achieves self-sustaining EBITDA profitability.What’s Next for Garena?At the Pocket Gamer Awards 2021, Garena received the Best Mobile Publisher Award, and Free Fire was also named the Best Battle Royale Game.Yet, according to the company, Garena’s most popular self-developedFree Fireisstill at an early stage of driving growth on the user base as well as pay user base for this game and developing it into a social platform where people not only come to play the core gameplay, but also enjoy other modes hangout, listen to music, social lives.”The company’s focus on Free Fire is notable as it is Garena’s most important revenue driver. Therefore the ability to scale Free Fire beyond just a game but into a social platform would bring Free Fire into its next phase of growth while continuing to grow its active user base and paying users. Sea also emphasized that the company continues to see “stickiness” in its active user metrics as the average active user spends about 2 to 3 hours daily on its platform. Not only has Garena grown its quarterly paying users 123.5% YoY, its quarterly paying users also represented 12.3% of quarterly active users (QAU) for Q1’21 as compared to 8.9% a year ago. Therefore driving the stickiness of the platform and encouraging more time spent among its active users would help to drive its paying user ratio up.Sea believes that one of the key factors that could help to drive Garena towards its vision of a social platform is dramatically increasing its modes of engagement with its users. This is not just restricted to online activities, but also offline community engagement programs. The whole intent is to develop a “broad-based platform stickiness” beyond its top active users, by building and growing the platform into a much larger community and provide the users ample opportunities to socialize and engage through its ongoing content development, and its promotion of community engagement.A key aspect of its community engagement strategies is focused on eSports. Sea believes that it operates the “largest mobile-game professional league in Southeast Asia, Taiwan and Brazil” and Free Fire was also named the “eSports Mobile Game of the Year at the eSports Awards 2020”. (Source: SE 20-F). The company continues to hold very large-scale eSports tournaments and events to strengthen its community engagement strategies such as Free Fire League Latinoamerica 2021, and its flagship Garena World event in April. On the 28th May, theFree Fire World Series 2021 Singapore(FFWS 2021 SG), which is Free Fire’s most prestigious eSports tournament, will take place in Singapore with a massive prize pool of US2M. Sea is showing no signs of ever letting the company’s most important revenue driver and most profitable segment to slip through its grip. Instead, it continues to build on its success as the leading eSports organizer in its markets.Garena is also looking way beyond the success of Free Fire and is constantly developing its games portfolio pipeline through constant R&D and product development with its “significant number of our more than 1,000 in-house game developers globally are constantly working on new ideas, while we continue to engage with third-party game studios for collaboration on promising and complementary game development and publishing opportunities.” (Source: SE Q1’21 earnings transcript)Expanding Shopee’s Global Footprint and VerticalsSea is actively expanding its presence in LatAm’s largest e-commerce market:Brazil, taking on MercadoLibre (MELI) in its most important market and with eyes on the whole LatAm. Although Sea is a relatively new player in e-commerce, having set up Shopee only in2015, the company is no stranger to taking on big incumbents. Shopee has already unseated the incumbent Alibaba-backed (BABA)Lazadaas the number one e-commerce platform in Southeast Asia. In addition, in its most important market, Indonesia, the company has also unseated incumbent Tokopedia as the leader, and Shopee was also recently reported to be themost visited e-commerce websiteamong Indonesian consumers in 2020.Sea further highlighted that the company continued to rank first in MAU and total time spent on apps in the shopping category across its markets in Southeast Asia, and in Indonesia it also recorded its fastest quarterly YoY growth rates on record. (Source: SE Q1’21 earnings transcript)Therefore, Sea is an extremely well-managed company, capable of pulling off challenging growth strategies against other large incumbents. Don’t bet against Sea.In addition, the company has also ventured into other verticals such as food delivery to expand its ecosystem. Sea sees food delivery as a complementary offering in Shopee. In Vietnam, Sea-owned food delivery service Now which it acquired in 2017 is already themarket leader, having unseated the incumbent Grab. The company also recently launched its food delivery service in Jakarta, Indonesia, with plans to launch into other cities in the future.The SeaMoney SynergiesSea’s fintech platform SeaMoney continues to see continued success and growth as mobile wallet services TPV recorded a YoY growth of almost 209% to $3.4B, as ShopeePay continues to ride on the coattails of Shopee’s rapid growth. The company also highlighted that according to Snapcart Indonesia’s survey in March, “ShopeePay was the most used, the most remembered and most liked mobile wallet by Indonesian consumers during the first quarter.” (Source: SE Q1’21 earnings transcript)The company is also aggressively expanding its off-platform use cases by establishing “partnerships with major consumer brands in Indonesia, one of which is their partnership with Indomaret, a leading Indonesian convenience store chain, as well as with Wendy’s(NASDAQ:WEN)and Domino’s Pizza(NYSE:DPZ).”The company has also continued to improve the utility within ShopeePay adding new features such as “Deals Near Me”, which was said to have driven “significant footfall to its onboarded offline merchants.”The strategy of incorporating the higher-margin digital financial services products such as wealth management products is also within the pipeline and is a natural extension of its fintech strategy. Although I believe this may be the most challenging aspect among its growth strategies within SeaMoney as financial services is a highly regulated market and the Southeast Asia region’s regulatory landscape largely differs between countries. Yet, it is still a key area of growth within the company’s overall fintech blueprint.GoTo: What Should Investors Look Out For In The Tokopedia And Gojek Merger?Much has been said recently regarding the SoftBank(OTCPK:SFTBY)and Alibaba-backedmergerbetween Tokopedia and Gojek and the risks it may pose to Sea’s leadership.What’s important for investors to note is that in my opinion, the move seems born out of a measure of “desperation” to save their own businesses from the growing prowess of Grab (AGC) and SE in Gojek’s case and SE in Tokopedia’s case who have been aggressively taking away their respective market share, eventually culminating in them losing their respective market leadership. Therefore, it’s a marriage of two “losing” incumbents who have failed to stem the charge of their strong and well-managed new market entrants in Sea and Grab. Sea and Grab are themselves no strangers to dislodging market-leading incumbents, with Grab having sentUber Technologies(UBER) packing home from Southeast Asia and BABA-backed Lazada getting overtaken by Sea in the Southeast Asian market.Grab’s food delivery business was reported to account for 53% of Indonesia’s food delivery market, while its ride-hailing business was reported to account for 64% of the Indonesian ride-hailing market in2019. Grab sees Indonesia as the crown jewel in its Southeast Asian portfolio, with Grab CEOAnthony Tanreportedly having spent a lot of time in Indonesia to oversee its growth strategies. With Grab projected to turnEBITDA profitable by 2023, I feel Gojek may have already crucially lost the initiative to Grab.Tokopedia, which was founded in 2009 had a head start of close to 6 years over Shopee, a huge amount of time in Tech before Shopee commenced operations in 2015. In just a short span of 6 years, not only has Tokopedia lost its leadership position to Shopee, ShopeePay has also overtaken all the other e-payment players in Indonesia in a mere two years, as ShopeePay now holds a38% share, well ahead of Grab-backed OVO and Gojek’s GoPay, both holding 19% share each. Remember the Shopee and ShopeePay’s synergies, it’s like a flywheel, each driving increased usage of the other, and leading further to increased GMV and TPV respectively. Shopee also reportedly understands Indonesian consumers’ needs better, especially among the female consumers as compared to Tokopedia according to a report byMomentum Works:For Shopee, fashion and beauty are the most popular product categories. On the other hand, Tokopedia is more established in mobile and electronics. This explains why many of the female Indonesians are going to Shopee instead. For mobile and electronics, you probably only buy them once or twice a year. For fashion and beauty, it’s a different story. You can buy it every other month and even if you do not buy, you browse a lot – sending traffic to the platform. Impulse buying is also common for these categories, which is just nice for an ecosystem of shoppers, products as well as influencers.With Sea having already turned Adjusted EBITDA profitable in Q1’21, the company is well ready to take on the challenges of this merger between the two incumbents, who may have already crucially lost their opportunities to “turn back time”, even with a merger that is perhaps too little too late.ValuationsPeers EV / Fwd Rev. Data Source: S&P Global Market IntelligenceWith such huge potential growth coming from Sea’s markets, Sea obviously trades at a premium when compared to its e-commerce peers, if we simply base off their respective expected revenue growth.Peers’ EBITDA Margin Forecast & CapEx Forecast. Data Source: S&P Global Market IntelligenceHowever, when we peek into Sea’s superior future cash flow generating capability using its projected EBITDA margins, we can see that Sea is only just getting started.Since the company is expected to produce predictable cash flows moving forward, I find it meaningful to conduct a DCF valuation framework to determine a range of fair values with the results presented below.Based on the DCF framework, I find SE undervalued by about 26% at the midpoint of its fair value range, with respect to the stock price of $246.33 as at 21 May 21. Therefore, I find the price level highly attractive.Range of Fair Values. Data Source: S&P Global Market IntelligenceWACC computation. Data Source: S&P Global Market IntelligenceFwd Rev & Fwd EBITDA. Data Source: S&P Global Market IntelligenceUnlevered FCF & Enterprise Value. Data Source: S&P Global Market IntelligenceEquity Value Bridge. Data Source: S&P Global Market IntelligencePrice Action and Technical AnalysisSource: TradingViewSE has been on a meteoric rise since Mar 20, and as at the date of writing (21 May 21), the stock was down by about 13% from its all-time high in Feb 21. The price level between $275 and $285 looks to be an area of key resistance and bull traps previously set to lure in late buyers.Key support is at $200, with the 50-period MA also serving as a key dynamic support area. I may continue to add more positions into this stock if the price level retraces nearer to $200 at the next retracement.Otherwise, investors who wish to initiate or add more positions may find the current price attractive.Further key support levels are currently at $179 and $155, areas that I would likely add very aggressively if the price was to retrace to those areas.ConclusionSea is a very well-managed and ambitious integrated Internet company that looks to be at the next phase of its rapid growth and profitability. Investors may wish to take advantage of the current consolidation phase to gain entry or add positions to this potentially massive cash flow machine.","news_type":1},"isVote":1,"tweetType":1,"viewCount":994,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582059874598092","authorId":"3582059874598092","name":"Junpani","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"idStr":"3582059874598092","authorIdStr":"3582059874598092"},"content":"pee pee pee","text":"pee pee pee","html":"pee pee pee"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345678611,"gmtCreate":1618314162533,"gmtModify":1704708984620,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"last year March is the best entry point, now ...cannot short","listText":"last year March is the best entry point, now ...cannot short","text":"last year March is the best entry point, now ...cannot short","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/345678611","repostId":"1161929589","repostType":4,"repost":{"id":"1161929589","kind":"news","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":1618308981,"share":"https://ttm.financial/m/news/1161929589?lang=&edition=fundamental","pubTime":"2021-04-13 18:16","market":"us","language":"en","title":"Why Bitcoin Fundamentals Depict A Healthy Bull Market: Cathie Wood's ARK Invest Report","url":"https://stock-news.laohu8.com/highlight/detail?id=1161929589","media":"Benzinga","summary":"ARK Invest’s recentreportanalyzing Bitcoin buyers' and sellers' behavior concludes that investors ha","content":"<p>ARK Invest’s recentreportanalyzing Bitcoin buyers'&nbsp;and sellers' behavior concludes that investors have a longer-term conviction and focus when it comes to the leading cryptocurrency.</p><p><b>What Happened:</b>Yassine Elmandjra, an analyst at ARK, examined a few key metrics based on on-chain data to monitor the behavior&nbsp; of buyers and sellers.</p><p>“From these metrics, we can derive relative valuation metrics that identify short-to mid-term inefficiencies in bitcoin’s price,”&nbsp;he said.</p><p>From an increase in the cointime destroyed metric, which examines the time-weighted turnover of Bitcoin, one can ascertain if holders are moving their coins out of long-term storage and taking profits.</p><p>“At slightly above 5 billion today,&nbsp;coinyears destroyed, the rolling sum of coindays destroyed during the last 365 days, we believe depicts a healthy bull market,”&nbsp;said Elmandjra.</p><p><img src=\"https://static.tigerbbs.com/9f375b19a1127808c9dfd0b95f9e80ea\" tg-width=\"1388\" tg-height=\"624\" referrerpolicy=\"no-referrer\">Despite Bitcoin’s price being more than triple its 2017 high, its coinyears destroyed is still significantly below its all-time high in early 2018 when investors cashed out after the price crashed.</p><p>Elmandjra also analyzed Bitcoin’s “HODL waves,” which divides the total circulating supply of the Bitcoin network into holding period bands.</p><p><img src=\"https://static.tigerbbs.com/57fcac512283a552b0f7b499b8bd9a0e\" tg-width=\"1408\" tg-height=\"620\" referrerpolicy=\"no-referrer\">“Today, roughly 55% of bitcoin’s supply hasn’t moved in more than a year, we believe illustrating investors’ longer-term conviction and focus,”&nbsp;noted the ARK analyst.</p><p>The amount of Bitcoin’s supply that is in profit is also nearing an all-time high, according to these on-chain metrics, which analysts view as another positive indicator for the current bull market.</p><p><b>Price Action:</b>Bitcoin&nbsp;price had regained momentum and broke $63,000 fr the first time in history. The cryptocurrency was up over 3.62% in the past 24-hours, and trading volume was up by over 16% for the same period.</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>Why Bitcoin Fundamentals Depict A Healthy Bull Market: Cathie Wood's ARK Invest Report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Bitcoin Fundamentals Depict A Healthy Bull Market: Cathie Wood's ARK Invest Report\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\">2021-04-13 18:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>ARK Invest’s recentreportanalyzing Bitcoin buyers'&nbsp;and sellers' behavior concludes that investors have a longer-term conviction and focus when it comes to the leading cryptocurrency.</p><p><b>What Happened:</b>Yassine Elmandjra, an analyst at ARK, examined a few key metrics based on on-chain data to monitor the behavior&nbsp; of buyers and sellers.</p><p>“From these metrics, we can derive relative valuation metrics that identify short-to mid-term inefficiencies in bitcoin’s price,”&nbsp;he said.</p><p>From an increase in the cointime destroyed metric, which examines the time-weighted turnover of Bitcoin, one can ascertain if holders are moving their coins out of long-term storage and taking profits.</p><p>“At slightly above 5 billion today,&nbsp;coinyears destroyed, the rolling sum of coindays destroyed during the last 365 days, we believe depicts a healthy bull market,”&nbsp;said Elmandjra.</p><p><img src=\"https://static.tigerbbs.com/9f375b19a1127808c9dfd0b95f9e80ea\" tg-width=\"1388\" tg-height=\"624\" referrerpolicy=\"no-referrer\">Despite Bitcoin’s price being more than triple its 2017 high, its coinyears destroyed is still significantly below its all-time high in early 2018 when investors cashed out after the price crashed.</p><p>Elmandjra also analyzed Bitcoin’s “HODL waves,” which divides the total circulating supply of the Bitcoin network into holding period bands.</p><p><img src=\"https://static.tigerbbs.com/57fcac512283a552b0f7b499b8bd9a0e\" tg-width=\"1408\" tg-height=\"620\" referrerpolicy=\"no-referrer\">“Today, roughly 55% of bitcoin’s supply hasn’t moved in more than a year, we believe illustrating investors’ longer-term conviction and focus,”&nbsp;noted the ARK analyst.</p><p>The amount of Bitcoin’s supply that is in profit is also nearing an all-time high, according to these on-chain metrics, which analysts view as another positive indicator for the current bull market.</p><p><b>Price Action:</b>Bitcoin&nbsp;price had regained momentum and broke $63,000 fr the first time in history. The cryptocurrency was up over 3.62% in the past 24-hours, and trading volume was up by over 16% for the same period.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161929589","content_text":"ARK Invest’s recentreportanalyzing Bitcoin buyers' and sellers' behavior concludes that investors have a longer-term conviction and focus when it comes to the leading cryptocurrency.What Happened:Yassine Elmandjra, an analyst at ARK, examined a few key metrics based on on-chain data to monitor the behavior  of buyers and sellers.“From these metrics, we can derive relative valuation metrics that identify short-to mid-term inefficiencies in bitcoin’s price,” he said.From an increase in the cointime destroyed metric, which examines the time-weighted turnover of Bitcoin, one can ascertain if holders are moving their coins out of long-term storage and taking profits.“At slightly above 5 billion today, coinyears destroyed, the rolling sum of coindays destroyed during the last 365 days, we believe depicts a healthy bull market,” said Elmandjra.Despite Bitcoin’s price being more than triple its 2017 high, its coinyears destroyed is still significantly below its all-time high in early 2018 when investors cashed out after the price crashed.Elmandjra also analyzed Bitcoin’s “HODL waves,” which divides the total circulating supply of the Bitcoin network into holding period bands.“Today, roughly 55% of bitcoin’s supply hasn’t moved in more than a year, we believe illustrating investors’ longer-term conviction and focus,” noted the ARK analyst.The amount of Bitcoin’s supply that is in profit is also nearing an all-time high, according to these on-chain metrics, which analysts view as another positive indicator for the current bull market.Price Action:Bitcoin price had regained momentum and broke $63,000 fr the first time in history. The cryptocurrency was up over 3.62% in the past 24-hours, and trading volume was up by over 16% for the same period.","news_type":1},"isVote":1,"tweetType":1,"viewCount":686,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342344639,"gmtCreate":1618187777921,"gmtModify":1704707187199,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"save the earth ?","listText":"save the earth ?","text":"save the earth ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/342344639","repostId":"1136941144","repostType":4,"repost":{"id":"1136941144","kind":"news","pubTimestamp":1617980884,"share":"https://ttm.financial/m/news/1136941144?lang=&edition=fundamental","pubTime":"2021-04-09 23:08","market":"us","language":"en","title":"Biden Boosts Health, Education in $1.52 Trillion Budget Request","url":"https://stock-news.laohu8.com/highlight/detail?id=1136941144","media":"Bloomberg","summary":"White House releases outline of budget request for 2022\nCongress likely to significantly reshape pla","content":"<ul>\n <li>White House releases outline of budget request for 2022</li>\n <li>Congress likely to significantly reshape plan in coming months</li>\n</ul>\n<p>President Joe Biden proposed major boosts in funding to combat inequality, disease and climate change as part of a $1.52 trillion budget request for 2022, part of his wider push to redefine the role of government in American lives.</p>\n<p>The administration’s outline, released by the White House Friday, kicks off a months-long process in which Congress is likely to significantly reshape the priorities, given stiff Republican opposition to many of the proposals. But the outline showcases how Biden is trying to bend the federal government toward a much greater role in the provision of health care and education.</p>\n<p>Combined with the $1.9 trillion pandemic-relief bill signed last month and a $2.25 trillion infrastructure-and-jobs proposal, the budget marks Biden’s third foray into using the power of the federal government to radically expand help for lower-income and middle-class Americans. A further social-spending package is also coming, all before Biden’s first 100 days have passed.</p>\n<p>Biden on Friday asked for a 15.9% jump in regular non-defense domestic spending for the fiscal year starting in October, with a more than 40% increase in education spending and a 23% jump for health. The overall budget request is an 8.4% boost from the current year, when excluding emergency spending for the pandemic.</p>\n<p>While there’s extra money for Internal Revenue Service enforcement, the plan doesn’t include the tax hikes on individuals that Biden is planning to unveil in coming weeks to help fund his broader expansion in fiscal spending.</p>\n<p><b>‘More Inclusive’</b></p>\n<p>There’s $14 billion extra to address climate change, $20 billion more for high-poverty schools and $6.5 billion for launching a new research agency to develop new treatments and cures for diseases -- along the lines of the Defense Department’s DARPA.</p>\n<p>“This moment of crisis is also a moment of possibility,” acting budget director Shalanda Young said in a message to lawmakers Friday. “Together, America has a chance not simply to go back to the way things were before the Covid-19 pandemic and economic downturn struck, but to begin building a better, stronger, more secure, more inclusive America.”</p>\n<p>The fiscal 2022 budget request comes on top of last week’s proposed eight-year infrastructure-led package, and a forthcoming, longer-term social-spending program expected to total around $1 trillion.</p>\n<p>Unlike those other proposals, the Democrats will need Republican votes in the Senate to pass the annual appropriations bills into which the budget is divided, according to the chamber’s rules. That means getting at least 10 GOP members aboard.</p>\n<p><b>Defense Spending</b></p>\n<p>Republican lawmakers are certain to take issue with many of Biden’s requests.</p>\n<p>The outline has $753 billion for defense programs in the upcoming fiscal year, which represents just a 1.7% increase -- significantly below the 4% to 5% bump advocated by GOP leaders, and a break with recent tradition of keeping defense and non-defense increases on the same scale.</p>\n<p>The White House argued that domestic investments have waned in recent years, and that Biden’s proposed boost on that side of the ledger would simply return the country’s non-defense spending to around the historic norm of 3.3% of gross domestic product.</p>\n<p>Biden includes no money for border-wall construction, canceling unspent funds from previous years, and has asked for $232 million more to study and investigate domestic terrorism in the wake of the insurrection by supporters of former President Donald Trump at the U.S. Capitol.</p>\n<p><b>No Caps</b></p>\n<p>The president’s 2022 request -- which involves just discretionary spending, and not entitlement programs like Medicare, Medicaid and Social Security -- comes without the budget caps that have been in place for a decade. The expiration of those caps, agreed to between the Obama administration and congressional Republicans, has been described by White House officials as an opportunity to pursue investments in areas like education, clean energy and public health.</p>\n<p>“Over the past decade, due in large measure to overly restrictive budget caps, the nation significantly under-invested in core public services, benefits and protections,” Young said.</p>\n<p>And though presidential budgets are routinely ignored on Capitol Hill, administration officials are hopeful the top-line numbers can offer an early guidepost for fellow Democrats who narrowly control both chambers of Congress.</p>\n<p>Priorities identified by the administration include:</p>\n<ul>\n <li>A $3.9 billion increase in funding to battle the opioid epidemic</li>\n <li>$232 million in new money for Department of Justice gun violence prevention programs</li>\n <li>More than $1.2 billion in new spending for aid to Central America, and asylum adjudication amid a surge of migrants at the U.S.-Mexico border.</li>\n</ul>\n<p>Biden is asking Congress to spend $14 billion more on climate programs across the U.S. government, with some $10 billion targeted to clean energy innovation. Much of the funding would go to Energy Department initiatives, including the Advanced Research Projects Agency for Climate, with support for high-risk ventures that offer the potential for changes in the way electricity is generated and used.</p>\n<p>He envisions a $1.4 billion increase for the National Oceanic and Atmospheric Administration, enabling greater work on climate observations and forecasting, and $600 million to buy electric vehicles and equipment for federal agencies such as the U.S. Postal Service, which is in theprocess of turning over its fleet. Another $800 million would go toward making public and assisted housing more energy efficient.</p>\n<p>Biden also calls for an additional $1.2 billion for the Internal Revenue Service to boost oversight of corporations and wealthy taxpayers and improve IRS customer service. It also calls for amulti-year allocation of $417 million to fund audits, which the White House hopes will bring in more revenues from businesses and wealthy taxpayers.</p>\n<p><b>Amtrak Money</b></p>\n<p>The Commerce Department would see a 28% increase --including a doubling of funds for manufacturing-related programs under the National Institute of Standards and Technology. Amtrak -- long favored by Biden -- receives a 35% increase.</p>\n<p>Biden’s budget proposal arrives months later than the usual timeline, and it lacks many of the details -- including plans for raising revenues, economic assumptions and a 10-year outlook -- that ordinarily accompany funding requests.</p>\n<p>Appropriations for 2022 need to be enacted before Oct. 1 to avert a government shutdown.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden Boosts Health, Education in $1.52 Trillion Budget Request</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden Boosts Health, Education in $1.52 Trillion Budget Request\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-09 23:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-04-09/biden-boosts-health-education-in-1-52-trillion-budget-request><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>White House releases outline of budget request for 2022\nCongress likely to significantly reshape plan in coming months\n\nPresident Joe Biden proposed major boosts in funding to combat inequality, ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-04-09/biden-boosts-health-education-in-1-52-trillion-budget-request\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"http://bloomberg.com/news/articles/2021-04-09/biden-boosts-health-education-in-1-52-trillion-budget-request","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136941144","content_text":"White House releases outline of budget request for 2022\nCongress likely to significantly reshape plan in coming months\n\nPresident Joe Biden proposed major boosts in funding to combat inequality, disease and climate change as part of a $1.52 trillion budget request for 2022, part of his wider push to redefine the role of government in American lives.\nThe administration’s outline, released by the White House Friday, kicks off a months-long process in which Congress is likely to significantly reshape the priorities, given stiff Republican opposition to many of the proposals. But the outline showcases how Biden is trying to bend the federal government toward a much greater role in the provision of health care and education.\nCombined with the $1.9 trillion pandemic-relief bill signed last month and a $2.25 trillion infrastructure-and-jobs proposal, the budget marks Biden’s third foray into using the power of the federal government to radically expand help for lower-income and middle-class Americans. A further social-spending package is also coming, all before Biden’s first 100 days have passed.\nBiden on Friday asked for a 15.9% jump in regular non-defense domestic spending for the fiscal year starting in October, with a more than 40% increase in education spending and a 23% jump for health. The overall budget request is an 8.4% boost from the current year, when excluding emergency spending for the pandemic.\nWhile there’s extra money for Internal Revenue Service enforcement, the plan doesn’t include the tax hikes on individuals that Biden is planning to unveil in coming weeks to help fund his broader expansion in fiscal spending.\n‘More Inclusive’\nThere’s $14 billion extra to address climate change, $20 billion more for high-poverty schools and $6.5 billion for launching a new research agency to develop new treatments and cures for diseases -- along the lines of the Defense Department’s DARPA.\n“This moment of crisis is also a moment of possibility,” acting budget director Shalanda Young said in a message to lawmakers Friday. “Together, America has a chance not simply to go back to the way things were before the Covid-19 pandemic and economic downturn struck, but to begin building a better, stronger, more secure, more inclusive America.”\nThe fiscal 2022 budget request comes on top of last week’s proposed eight-year infrastructure-led package, and a forthcoming, longer-term social-spending program expected to total around $1 trillion.\nUnlike those other proposals, the Democrats will need Republican votes in the Senate to pass the annual appropriations bills into which the budget is divided, according to the chamber’s rules. That means getting at least 10 GOP members aboard.\nDefense Spending\nRepublican lawmakers are certain to take issue with many of Biden’s requests.\nThe outline has $753 billion for defense programs in the upcoming fiscal year, which represents just a 1.7% increase -- significantly below the 4% to 5% bump advocated by GOP leaders, and a break with recent tradition of keeping defense and non-defense increases on the same scale.\nThe White House argued that domestic investments have waned in recent years, and that Biden’s proposed boost on that side of the ledger would simply return the country’s non-defense spending to around the historic norm of 3.3% of gross domestic product.\nBiden includes no money for border-wall construction, canceling unspent funds from previous years, and has asked for $232 million more to study and investigate domestic terrorism in the wake of the insurrection by supporters of former President Donald Trump at the U.S. Capitol.\nNo Caps\nThe president’s 2022 request -- which involves just discretionary spending, and not entitlement programs like Medicare, Medicaid and Social Security -- comes without the budget caps that have been in place for a decade. The expiration of those caps, agreed to between the Obama administration and congressional Republicans, has been described by White House officials as an opportunity to pursue investments in areas like education, clean energy and public health.\n“Over the past decade, due in large measure to overly restrictive budget caps, the nation significantly under-invested in core public services, benefits and protections,” Young said.\nAnd though presidential budgets are routinely ignored on Capitol Hill, administration officials are hopeful the top-line numbers can offer an early guidepost for fellow Democrats who narrowly control both chambers of Congress.\nPriorities identified by the administration include:\n\nA $3.9 billion increase in funding to battle the opioid epidemic\n$232 million in new money for Department of Justice gun violence prevention programs\nMore than $1.2 billion in new spending for aid to Central America, and asylum adjudication amid a surge of migrants at the U.S.-Mexico border.\n\nBiden is asking Congress to spend $14 billion more on climate programs across the U.S. government, with some $10 billion targeted to clean energy innovation. Much of the funding would go to Energy Department initiatives, including the Advanced Research Projects Agency for Climate, with support for high-risk ventures that offer the potential for changes in the way electricity is generated and used.\nHe envisions a $1.4 billion increase for the National Oceanic and Atmospheric Administration, enabling greater work on climate observations and forecasting, and $600 million to buy electric vehicles and equipment for federal agencies such as the U.S. Postal Service, which is in theprocess of turning over its fleet. Another $800 million would go toward making public and assisted housing more energy efficient.\nBiden also calls for an additional $1.2 billion for the Internal Revenue Service to boost oversight of corporations and wealthy taxpayers and improve IRS customer service. It also calls for amulti-year allocation of $417 million to fund audits, which the White House hopes will bring in more revenues from businesses and wealthy taxpayers.\nAmtrak Money\nThe Commerce Department would see a 28% increase --including a doubling of funds for manufacturing-related programs under the National Institute of Standards and Technology. Amtrak -- long favored by Biden -- receives a 35% increase.\nBiden’s budget proposal arrives months later than the usual timeline, and it lacks many of the details -- including plans for raising revenues, economic assumptions and a 10-year outlook -- that ordinarily accompany funding requests.\nAppropriations for 2022 need to be enacted before Oct. 1 to avert a government shutdown.","news_type":1},"isVote":1,"tweetType":1,"viewCount":311,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324554525,"gmtCreate":1616019221367,"gmtModify":1704789725608,"author":{"id":"3549788653484864","authorId":"3549788653484864","name":"navoyhot","avatar":"https://community-static.tradeup.com/news/bfe3e29a700e58ce7b6c853c067b7f3c","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3549788653484864","authorIdStr":"3549788653484864"},"themes":[],"htmlText":"interesting","listText":"interesting","text":"interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/324554525","repostId":"2120135390","repostType":2,"repost":{"id":"2120135390","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1616012629,"share":"https://ttm.financial/m/news/2120135390?lang=&edition=fundamental","pubTime":"2021-03-18 04:23","market":"sh","language":"en","title":"LIVE MARKETS-U.S. Stocks end green after Powell presser","url":"https://stock-news.laohu8.com/highlight/detail?id=2120135390","media":"Reuters","summary":"* Major U.S. indexes rise; small caps outperform slightly   * Cons disc best performing major S&P se","content":"<html><body><p>* Major U.S. indexes rise; small caps outperform slightly</p><p>   * Cons disc best performing major S&amp;P sector; utilities weakest</p><p>   * Dollar falls; gold up, crude down</p><p>   * U.S. 10-Year Treasury yield advances, now ~1.65%</p><p>    March 17 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com </p><p>   U.S. STOCKS END GREEN AFTER POWELL PRESSER (1605 EDT/2005 GMT)</p><p>   U.S. stocks rose on Wednesday after the Fed maintained its accommodative stance.   </p><p>   Despite some earlier weakness, the major indexes strengthened after the release of the FOMC statement, and then posted additional gains from when Fed Chair Powell's press conference began.</p><p>   However, the day's gains were relatively modest with the S&amp;P 500   , Nasdaq Composite    and Dow Industrials    only advancing around 0.30%-0.60%. This after the U.S. 10-Year Treasury Yield    backed away from its 1.69% intraday high, to around 1.65%. </p><p>   Overall, growth    ticked down vs value   . That said, over the last 90 minutes or so of the trading session, as the market digested the statement and Powell's presser, FAANGs</p><p> , chips   , tech   , and communication services    outperformed, while defensive bond-proxies were the biggest laggards.</p><p>   Regarding the Fed, Anthony Denier, CEO of trading platform Webull said, “There was just a lot of anxiety which definitely pumped-up bond yields so far, but the Fed’s very dovish kind of response for a quite strong economic outlook is a big sigh of relief which we think could help maintain yields at current levels if not slow them down a little in the short term.”</p><p>   Here is Wednesday's closing snapshot:</p><p>   (Terence Gabriel, Shashank Nayar)</p><p>   ***** </p><p>   STOCKS STRENGTHEN AFTER FOMC STATEMENT; AWAIT POWELL (1421 EDT/1821 GMT)</p><p>   Major indexes have strengthened from about the time the FOMC statement was released. The Dow Industrials    have added to gains, while the S&amp;P 500    and Nasdaq    have pared losses.   </p><p>   The Fed reiterated its accommodative policy.  </p><p>   The 10-Year U.S. Treasury yield    has gyrated, but after hitting an earlier high of about 1.69%, is now slightly below there around 1.66%.</p><p>   Regarding the statement, David Carter, chief investment officer at Lenox Wealth Advisors in New York said, \"The Fed statement today was more optimistic than some expected, they raised their outlook for both economic growth and the labor market. The market’s view of the statement is that it was fairly optimistic.\"</p><p>   As for Powell's coming press conference, Carter added, \"Investors will want to understand if the recent fiscal stimulus plan has meaningfully changed (the Fed’s) outlook. The market will also want to know if the Fed is more worried about inflation rates or interest rates.”</p><p>   Here is where markets stand post the FOMC statement:</p><p>   (Terence Gabriel, Stephen Culp)</p><p>   *****</p><p>   BOFA CLIENTS BUYING U.S. EQUITIES IN DROVES (1301 EDT/1701 GMT)</p><p>   BofA Securities clients were big buyers of stocks last week with flows again ranking among the highest levels on record.</p><p>   Clients were net buyers of $2.8 billion of U.S. equities, marking the third straight week flows registered in the 90th percentile of data history going back to 2008, according to a BofA Global Research Equity &amp; Quant Strategy report.</p><p>   Inflows over the last three weeks were the largest since the three-week period after the market bottomed last March, strategist Jill Carey Hall wrote in the note.</p><p>   Hall reiterated, however, that such \"extreme\" inflows are typically a signal of weak near-term returns and another sign of increasing euphoric sentiment.</p><p>   Net buying last week was driven by hedge funds (six-month high), she pointed out. Private/retail clients were small buyers, while institutional clients sold the most in nearly two months.</p><p>   From a sector perspective, tech    and consumer discretionary    saw weekly inflows near record levels for the third consecutive week. And reflation sectors materials</p><p>  and energy    were also bought, she said.</p><p>   Interest rate sensitive financials    caught a smaller bid, while communication services   , likely to be hurt by rising rates, Hall added, saw a fifth straight week of outflows.</p><p>   In other flows, corporate buybacks picked up steam, Hall said, adding that tech continues to dominate, but trends have begun to broaden out to other sectors.</p><p>   (Lance Tupper)</p><p>   ******</p><p>   FED FOR THOUGHT: IT'S ALL ABOUT THE FORECASTS (1203 EDT/1603 GMT)</p><p>   Daniel Ahn, Chief U.S. Economist and Head of Markets 360 North America at <a href=\"https://laohu8.com/S/BNPQF\">BNP Paribas</a>, is commenting on what to expect from today's FOMC Meeting.</p><p>   Ahn says he does not expect the FOMC to take any major policy action, or make changes to its forward guidance on target rates or asset purchases.</p><p>   Instead, he believes what's key is the Fed’s updated forecasts, which should show \"significantly higher growth, somewhat higher inflation and lower unemployment.\"</p><p>   While a close call, he expects movement in the median dot plot to indicate a rate hike in 2023.</p><p>   With this, Ahn says Chair Powell faces a \"tricky messaging challenge to balance acknowledgment of the improving outlook and higher nominal rates, while defending the current policy stance and the credibility of the Fed’s asymmetrically dovish strategy.\"</p><p>   As for the stock market, BNP's base case is that equities and rates could continue to grind higher. However, they caution that a quicker, or more volatile bond-market sell off, could negate this thesis.</p><p>   In the event the Fed is seen as less dovish, equities would also be vulnerable. However, Ahn says any correction would \"likely be shallow and short-lived.\"</p><p>   (Terence Gabriel)</p><p>   *****</p><p>   HOUSING STARTS, MORTGAGE DEMAND: SHOVELS HIT FROZEN GROUND (1100 EDT/1500 GMT)</p><p>   The U.S. housing market found itself poorly insulated against the brutal winter weather of February, which also put a (hopefully temporary) chill on the broader economic rebound.   </p><p>   For months, the sector has been blithely zooming along the upward trajectory of a k-shaped recovery, as the pandemic sent Americans fleeing for the suburbs in search of low population density and home office space.</p><p>   But that spike in demand, further fueled by low mortgage rates, has created potential headwinds in the form of record low inventories, rising materials costs and strained affordability. </p><p>   Groundbreaking on new U.S. homes    dropped by 10.3% in February to 1.421 million units at a seasonally adjusted annualized rate (SAAR) according to the Commerce Department, 139,000 fewer than the consensus estimate.</p><p>   The number extends January's 5.1% decrease.</p><p>   Building permits   , a more forward-looking indicator, unexpectedly fell 10.8% to 1.682 million units SAAR, reversing the previous month's 10.7% growth and missing estimates by 68,000 units.</p><p>   As the ground thaws, those pesky headwinds remain.</p><p>   \"We expect the pace of housing starts to moderate in 2021 as homebuilders confront constraints including high lumber prices and shortages of lots and labor,\" writes Nancy Vanden Houten, lead economist at Oxford Economics. \"However, we think the February data overstates any actual weakness in the housing market.\"</p><p>   In more recent data, demand for home loans fell by 2.2% last week as low interest rates continue their upward creep, according to the Mortgage Bankers Association (MBA)</p><p>   The average 30-year fixed contract rate    gained two basis points to 3.28%. And while demand for loans to purchase homes    inched up 2%, that gain was offset by a 4% drop in refi applications   , which accounted for 62.9% of the total.</p><p>   Still, purchase loan demand notched its third straight gain, a good omen for the market as winter turns to spring.</p><p>   \"The latest increase in purchase applications comes as we approach the critical spring home buying season,\" Vanden Houten adds. \"The rise indicates that there is still demand for housing despite sharply higher home prices and the recent backup in mortgage rates.\"</p><p>   The housing sector's remarkable run has also been reflected in the stock market.</p><p>   The Philadelphia SE Housing index   , which had been underperforming the S&amp;P 500    just prior to the pandemic, has since performed remarkably better than the broader stock market, as seen in the graphic below.</p><p>   The HGX is last off by 0.8% on Wednesday.</p><p>   The question then, is how long can the cheeky sector remain in the spotlight?</p><p>   Investors took little heed of the data, focusing instead on the Fed, which wraps up its two-day monetary policy meeting this afternoon.</p><p>   Stocks are mostly lower, with the Nasdaq    and S&amp;P solidly red, and blue chip Dow    hovering near the flatline.    </p><p>   (Stephen Culp)</p><p>   *****</p><p>   U.S. STOCKS MIXED AHEAD OF FED; GREENS SEE RED (1012 EDT/1412 GMT)    </p><p>   U.S. stocks are mixed early on Wednesday. This as bond yields spike ahead of the Federal Reserve's policy statement at 1400 EDT/1800 GMT, which could provide hints on whether the central bank would raise interest rates sooner than expected.</p><p>   The U.S. 10-year Treasury yield    hit 1.6760%, or its highest level in more than a year.</p><p>   With this, high-P/E growth stocks are on the back foot again. The NYSE Fang+TM index    is down around 0.6%, and tech    is among the weakest major S&amp;P 500    sectors. </p><p>   More cyclical groups such as banks   , financials</p><p> , energy    and industrials    are green. Growth    is underperforming value   .</p><p>   Not surprisingly, the Nasdaq Composite    is the weakest major index, down around 0.8%. The Dow Industrial Average    is clinging to a slight gain.</p><p>   Under the surface, green energy stocks are especially weak. Plug Power    announced it is restating its financial results.   The WilderHill Clean Energy index    is down more than 2%.</p><p>   Here is your early trade snapshot:</p><p>   (Terence Gabriel)</p><p>   *****         </p><p>   ANOTHER ONE STAYING BULLISH ON EUROPEAN BANKS (0953 EDT/1353 GMT)</p><p>   With yields on the rise, it looks like more and more brokers are feeling the urge to reiterate their bullish stance on the European bank space.</p><p>   After the recent upbeat views from Credit Suisse, <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>, and BofA, this time it's JP Morgan to affirm its positive stance on the rate-sensitive sector.  </p><p>   \"Despite 30% outperformance since turning positive in Oct-20. We see further 10% re-rating potential,\" they say, sticking to their overweight rating.</p><p>   There is a novelty though, namely they start to shift their portfolio toward dividend plays. </p><p>   \"We shift our barbell portfolio of asset gathering and low P/BV stocks post the material re-rating, with a continued preference for asset gathering alongside an increased quality element and more importantly, increased dividend exposure\"</p><p>   (Danilo Masoni)</p><p>   *****</p><p>   S&amp;P 500: THIN AIR AND SPUTTERING THRUST? (0900 EDT/1400 GMT)</p><p>   Since bottoming in early March, the S&amp;P 500    quickly climbed to fresh record highs. But ahead of today's results of the latest FOMC Meeting, CME e-mini S&amp;P 500 futures    are suggesting the benchmark index is poised to dip at the open.</p><p>   From early 2018 to early 2021, the S&amp;P 500 has seen six instances of making new highs and then ultimately suffering a sell-off of more than 5%. On average, the index extended just 5.5% above its prior peak, over a 27 week period:</p><p>   In the six declines of more than 5%, between late 2018 and early 2021, the average was 14.4% over about five weeks.</p><p>   In the two weeks since the most recent low, the SPX has only managed to extend about 0.8% above its mid-February peak. Although minimal, that is slightly greater than the 0.5% extension into the May 2019 high.</p><p>   Meanwhile, weekly momentum measures are diverging. As it stands, just since early January, the RSI is potentially forming a third lower peak. The current reading, as was the case in mid-February, is failing to muster enough strength to push above the 70.00 overbought threshold. This lack of thrust can put the SPX at risk for a reversal.  </p><p>   In the event of another sharp decline, a weekly close below the support line from the late-2018 high, now around 3,745, or 5.9% below this week's high, can suggest potential for a much more severe sell off.</p><p>   Since the SPX closed above it in early December of last year, this line has continually contained downside turns on a weekly closing basis.</p><p>   (Terence Gabriel)</p><p>   *****</p><p>   FOR WEDNESDAY'S LIVE MARKETS' POSTS PRIOR TO 0900 EDT/1300 GMT - CLICK HERE:  </p><p>    &lt;^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ SPX03172021     EU banks and yields     earlytrade03172021     Housing starts and building permits     MBA     Housing stocks     PostFOMC03172021     closer03172021    </p><p>   ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^&gt;</p><p>(Terence Gabriel is a Reuters market analyst. The views expressed are his own)</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>LIVE MARKETS-U.S. Stocks end green after Powell presser</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\">\nLIVE MARKETS-U.S. Stocks end green after Powell presser\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-18 04:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>* Major U.S. indexes rise; small caps outperform slightly</p><p>   * Cons disc best performing major S&amp;P sector; utilities weakest</p><p>   * Dollar falls; gold up, crude down</p><p>   * U.S. 10-Year Treasury yield advances, now ~1.65%</p><p>    March 17 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com </p><p>   U.S. STOCKS END GREEN AFTER POWELL PRESSER (1605 EDT/2005 GMT)</p><p>   U.S. stocks rose on Wednesday after the Fed maintained its accommodative stance.   </p><p>   Despite some earlier weakness, the major indexes strengthened after the release of the FOMC statement, and then posted additional gains from when Fed Chair Powell's press conference began.</p><p>   However, the day's gains were relatively modest with the S&amp;P 500   , Nasdaq Composite    and Dow Industrials    only advancing around 0.30%-0.60%. This after the U.S. 10-Year Treasury Yield    backed away from its 1.69% intraday high, to around 1.65%. </p><p>   Overall, growth    ticked down vs value   . That said, over the last 90 minutes or so of the trading session, as the market digested the statement and Powell's presser, FAANGs</p><p> , chips   , tech   , and communication services    outperformed, while defensive bond-proxies were the biggest laggards.</p><p>   Regarding the Fed, Anthony Denier, CEO of trading platform Webull said, “There was just a lot of anxiety which definitely pumped-up bond yields so far, but the Fed’s very dovish kind of response for a quite strong economic outlook is a big sigh of relief which we think could help maintain yields at current levels if not slow them down a little in the short term.”</p><p>   Here is Wednesday's closing snapshot:</p><p>   (Terence Gabriel, Shashank Nayar)</p><p>   ***** </p><p>   STOCKS STRENGTHEN AFTER FOMC STATEMENT; AWAIT POWELL (1421 EDT/1821 GMT)</p><p>   Major indexes have strengthened from about the time the FOMC statement was released. The Dow Industrials    have added to gains, while the S&amp;P 500    and Nasdaq    have pared losses.   </p><p>   The Fed reiterated its accommodative policy.  </p><p>   The 10-Year U.S. Treasury yield    has gyrated, but after hitting an earlier high of about 1.69%, is now slightly below there around 1.66%.</p><p>   Regarding the statement, David Carter, chief investment officer at Lenox Wealth Advisors in New York said, \"The Fed statement today was more optimistic than some expected, they raised their outlook for both economic growth and the labor market. The market’s view of the statement is that it was fairly optimistic.\"</p><p>   As for Powell's coming press conference, Carter added, \"Investors will want to understand if the recent fiscal stimulus plan has meaningfully changed (the Fed’s) outlook. The market will also want to know if the Fed is more worried about inflation rates or interest rates.”</p><p>   Here is where markets stand post the FOMC statement:</p><p>   (Terence Gabriel, Stephen Culp)</p><p>   *****</p><p>   BOFA CLIENTS BUYING U.S. EQUITIES IN DROVES (1301 EDT/1701 GMT)</p><p>   BofA Securities clients were big buyers of stocks last week with flows again ranking among the highest levels on record.</p><p>   Clients were net buyers of $2.8 billion of U.S. equities, marking the third straight week flows registered in the 90th percentile of data history going back to 2008, according to a BofA Global Research Equity &amp; Quant Strategy report.</p><p>   Inflows over the last three weeks were the largest since the three-week period after the market bottomed last March, strategist Jill Carey Hall wrote in the note.</p><p>   Hall reiterated, however, that such \"extreme\" inflows are typically a signal of weak near-term returns and another sign of increasing euphoric sentiment.</p><p>   Net buying last week was driven by hedge funds (six-month high), she pointed out. Private/retail clients were small buyers, while institutional clients sold the most in nearly two months.</p><p>   From a sector perspective, tech    and consumer discretionary    saw weekly inflows near record levels for the third consecutive week. And reflation sectors materials</p><p>  and energy    were also bought, she said.</p><p>   Interest rate sensitive financials    caught a smaller bid, while communication services   , likely to be hurt by rising rates, Hall added, saw a fifth straight week of outflows.</p><p>   In other flows, corporate buybacks picked up steam, Hall said, adding that tech continues to dominate, but trends have begun to broaden out to other sectors.</p><p>   (Lance Tupper)</p><p>   ******</p><p>   FED FOR THOUGHT: IT'S ALL ABOUT THE FORECASTS (1203 EDT/1603 GMT)</p><p>   Daniel Ahn, Chief U.S. Economist and Head of Markets 360 North America at <a href=\"https://laohu8.com/S/BNPQF\">BNP Paribas</a>, is commenting on what to expect from today's FOMC Meeting.</p><p>   Ahn says he does not expect the FOMC to take any major policy action, or make changes to its forward guidance on target rates or asset purchases.</p><p>   Instead, he believes what's key is the Fed’s updated forecasts, which should show \"significantly higher growth, somewhat higher inflation and lower unemployment.\"</p><p>   While a close call, he expects movement in the median dot plot to indicate a rate hike in 2023.</p><p>   With this, Ahn says Chair Powell faces a \"tricky messaging challenge to balance acknowledgment of the improving outlook and higher nominal rates, while defending the current policy stance and the credibility of the Fed’s asymmetrically dovish strategy.\"</p><p>   As for the stock market, BNP's base case is that equities and rates could continue to grind higher. However, they caution that a quicker, or more volatile bond-market sell off, could negate this thesis.</p><p>   In the event the Fed is seen as less dovish, equities would also be vulnerable. However, Ahn says any correction would \"likely be shallow and short-lived.\"</p><p>   (Terence Gabriel)</p><p>   *****</p><p>   HOUSING STARTS, MORTGAGE DEMAND: SHOVELS HIT FROZEN GROUND (1100 EDT/1500 GMT)</p><p>   The U.S. housing market found itself poorly insulated against the brutal winter weather of February, which also put a (hopefully temporary) chill on the broader economic rebound.   </p><p>   For months, the sector has been blithely zooming along the upward trajectory of a k-shaped recovery, as the pandemic sent Americans fleeing for the suburbs in search of low population density and home office space.</p><p>   But that spike in demand, further fueled by low mortgage rates, has created potential headwinds in the form of record low inventories, rising materials costs and strained affordability. </p><p>   Groundbreaking on new U.S. homes    dropped by 10.3% in February to 1.421 million units at a seasonally adjusted annualized rate (SAAR) according to the Commerce Department, 139,000 fewer than the consensus estimate.</p><p>   The number extends January's 5.1% decrease.</p><p>   Building permits   , a more forward-looking indicator, unexpectedly fell 10.8% to 1.682 million units SAAR, reversing the previous month's 10.7% growth and missing estimates by 68,000 units.</p><p>   As the ground thaws, those pesky headwinds remain.</p><p>   \"We expect the pace of housing starts to moderate in 2021 as homebuilders confront constraints including high lumber prices and shortages of lots and labor,\" writes Nancy Vanden Houten, lead economist at Oxford Economics. \"However, we think the February data overstates any actual weakness in the housing market.\"</p><p>   In more recent data, demand for home loans fell by 2.2% last week as low interest rates continue their upward creep, according to the Mortgage Bankers Association (MBA)</p><p>   The average 30-year fixed contract rate    gained two basis points to 3.28%. And while demand for loans to purchase homes    inched up 2%, that gain was offset by a 4% drop in refi applications   , which accounted for 62.9% of the total.</p><p>   Still, purchase loan demand notched its third straight gain, a good omen for the market as winter turns to spring.</p><p>   \"The latest increase in purchase applications comes as we approach the critical spring home buying season,\" Vanden Houten adds. \"The rise indicates that there is still demand for housing despite sharply higher home prices and the recent backup in mortgage rates.\"</p><p>   The housing sector's remarkable run has also been reflected in the stock market.</p><p>   The Philadelphia SE Housing index   , which had been underperforming the S&amp;P 500    just prior to the pandemic, has since performed remarkably better than the broader stock market, as seen in the graphic below.</p><p>   The HGX is last off by 0.8% on Wednesday.</p><p>   The question then, is how long can the cheeky sector remain in the spotlight?</p><p>   Investors took little heed of the data, focusing instead on the Fed, which wraps up its two-day monetary policy meeting this afternoon.</p><p>   Stocks are mostly lower, with the Nasdaq    and S&amp;P solidly red, and blue chip Dow    hovering near the flatline.    </p><p>   (Stephen Culp)</p><p>   *****</p><p>   U.S. STOCKS MIXED AHEAD OF FED; GREENS SEE RED (1012 EDT/1412 GMT)    </p><p>   U.S. stocks are mixed early on Wednesday. This as bond yields spike ahead of the Federal Reserve's policy statement at 1400 EDT/1800 GMT, which could provide hints on whether the central bank would raise interest rates sooner than expected.</p><p>   The U.S. 10-year Treasury yield    hit 1.6760%, or its highest level in more than a year.</p><p>   With this, high-P/E growth stocks are on the back foot again. The NYSE Fang+TM index    is down around 0.6%, and tech    is among the weakest major S&amp;P 500    sectors. </p><p>   More cyclical groups such as banks   , financials</p><p> , energy    and industrials    are green. Growth    is underperforming value   .</p><p>   Not surprisingly, the Nasdaq Composite    is the weakest major index, down around 0.8%. The Dow Industrial Average    is clinging to a slight gain.</p><p>   Under the surface, green energy stocks are especially weak. Plug Power    announced it is restating its financial results.   The WilderHill Clean Energy index    is down more than 2%.</p><p>   Here is your early trade snapshot:</p><p>   (Terence Gabriel)</p><p>   *****         </p><p>   ANOTHER ONE STAYING BULLISH ON EUROPEAN BANKS (0953 EDT/1353 GMT)</p><p>   With yields on the rise, it looks like more and more brokers are feeling the urge to reiterate their bullish stance on the European bank space.</p><p>   After the recent upbeat views from Credit Suisse, <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>, and BofA, this time it's JP Morgan to affirm its positive stance on the rate-sensitive sector.  </p><p>   \"Despite 30% outperformance since turning positive in Oct-20. We see further 10% re-rating potential,\" they say, sticking to their overweight rating.</p><p>   There is a novelty though, namely they start to shift their portfolio toward dividend plays. </p><p>   \"We shift our barbell portfolio of asset gathering and low P/BV stocks post the material re-rating, with a continued preference for asset gathering alongside an increased quality element and more importantly, increased dividend exposure\"</p><p>   (Danilo Masoni)</p><p>   *****</p><p>   S&amp;P 500: THIN AIR AND SPUTTERING THRUST? (0900 EDT/1400 GMT)</p><p>   Since bottoming in early March, the S&amp;P 500    quickly climbed to fresh record highs. But ahead of today's results of the latest FOMC Meeting, CME e-mini S&amp;P 500 futures    are suggesting the benchmark index is poised to dip at the open.</p><p>   From early 2018 to early 2021, the S&amp;P 500 has seen six instances of making new highs and then ultimately suffering a sell-off of more than 5%. On average, the index extended just 5.5% above its prior peak, over a 27 week period:</p><p>   In the six declines of more than 5%, between late 2018 and early 2021, the average was 14.4% over about five weeks.</p><p>   In the two weeks since the most recent low, the SPX has only managed to extend about 0.8% above its mid-February peak. Although minimal, that is slightly greater than the 0.5% extension into the May 2019 high.</p><p>   Meanwhile, weekly momentum measures are diverging. As it stands, just since early January, the RSI is potentially forming a third lower peak. The current reading, as was the case in mid-February, is failing to muster enough strength to push above the 70.00 overbought threshold. This lack of thrust can put the SPX at risk for a reversal.  </p><p>   In the event of another sharp decline, a weekly close below the support line from the late-2018 high, now around 3,745, or 5.9% below this week's high, can suggest potential for a much more severe sell off.</p><p>   Since the SPX closed above it in early December of last year, this line has continually contained downside turns on a weekly closing basis.</p><p>   (Terence Gabriel)</p><p>   *****</p><p>   FOR WEDNESDAY'S LIVE MARKETS' POSTS PRIOR TO 0900 EDT/1300 GMT - CLICK HERE:  </p><p>    &lt;^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ SPX03172021     EU banks and yields     earlytrade03172021     Housing starts and building permits     MBA     Housing stocks     PostFOMC03172021     closer03172021    </p><p>   ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^&gt;</p><p>(Terence Gabriel is a Reuters market analyst. The views expressed are his own)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","IVV":"标普500指数ETF","DOG":"道指反向ETF","SH":"标普500反向ETF","QLD":"纳指两倍做多ETF","PSQ":"纳指反向ETF","UPRO":"三倍做多标普500ETF","UDOW":"道指三倍做多ETF-ProShares",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","OEX":"标普100","SDOW":"道指三倍做空ETF-ProShares","QQQ":"纳指100ETF","OEF":"标普100指数ETF-iShares","SPY":"标普500ETF","DXD":"道指两倍做空ETF","SQQQ":"纳指三倍做空ETF","SDS":"两倍做空标普500ETF","QID":"纳指两倍做空ETF","SPXU":"三倍做空标普500ETF","DJX":"1/100道琼斯","SSO":"两倍做多标普500ETF","TQQQ":"纳指三倍做多ETF","DDM":"道指两倍做多ETF"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2120135390","content_text":"* Major U.S. indexes rise; small caps outperform slightly   * Cons disc best performing major S&P sector; utilities weakest   * Dollar falls; gold up, crude down   * U.S. 10-Year Treasury yield advances, now ~1.65%    March 17 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com    U.S. STOCKS END GREEN AFTER POWELL PRESSER (1605 EDT/2005 GMT)   U.S. stocks rose on Wednesday after the Fed maintained its accommodative stance.      Despite some earlier weakness, the major indexes strengthened after the release of the FOMC statement, and then posted additional gains from when Fed Chair Powell's press conference began.   However, the day's gains were relatively modest with the S&P 500   , Nasdaq Composite    and Dow Industrials    only advancing around 0.30%-0.60%. This after the U.S. 10-Year Treasury Yield    backed away from its 1.69% intraday high, to around 1.65%.    Overall, growth    ticked down vs value   . That said, over the last 90 minutes or so of the trading session, as the market digested the statement and Powell's presser, FAANGs , chips   , tech   , and communication services    outperformed, while defensive bond-proxies were the biggest laggards.   Regarding the Fed, Anthony Denier, CEO of trading platform Webull said, “There was just a lot of anxiety which definitely pumped-up bond yields so far, but the Fed’s very dovish kind of response for a quite strong economic outlook is a big sigh of relief which we think could help maintain yields at current levels if not slow them down a little in the short term.”   Here is Wednesday's closing snapshot:   (Terence Gabriel, Shashank Nayar)   *****    STOCKS STRENGTHEN AFTER FOMC STATEMENT; AWAIT POWELL (1421 EDT/1821 GMT)   Major indexes have strengthened from about the time the FOMC statement was released. The Dow Industrials    have added to gains, while the S&P 500    and Nasdaq    have pared losses.      The Fed reiterated its accommodative policy.     The 10-Year U.S. Treasury yield    has gyrated, but after hitting an earlier high of about 1.69%, is now slightly below there around 1.66%.   Regarding the statement, David Carter, chief investment officer at Lenox Wealth Advisors in New York said, \"The Fed statement today was more optimistic than some expected, they raised their outlook for both economic growth and the labor market. The market’s view of the statement is that it was fairly optimistic.\"   As for Powell's coming press conference, Carter added, \"Investors will want to understand if the recent fiscal stimulus plan has meaningfully changed (the Fed’s) outlook. The market will also want to know if the Fed is more worried about inflation rates or interest rates.”   Here is where markets stand post the FOMC statement:   (Terence Gabriel, Stephen Culp)   *****   BOFA CLIENTS BUYING U.S. EQUITIES IN DROVES (1301 EDT/1701 GMT)   BofA Securities clients were big buyers of stocks last week with flows again ranking among the highest levels on record.   Clients were net buyers of $2.8 billion of U.S. equities, marking the third straight week flows registered in the 90th percentile of data history going back to 2008, according to a BofA Global Research Equity & Quant Strategy report.   Inflows over the last three weeks were the largest since the three-week period after the market bottomed last March, strategist Jill Carey Hall wrote in the note.   Hall reiterated, however, that such \"extreme\" inflows are typically a signal of weak near-term returns and another sign of increasing euphoric sentiment.   Net buying last week was driven by hedge funds (six-month high), she pointed out. Private/retail clients were small buyers, while institutional clients sold the most in nearly two months.   From a sector perspective, tech    and consumer discretionary    saw weekly inflows near record levels for the third consecutive week. And reflation sectors materials  and energy    were also bought, she said.   Interest rate sensitive financials    caught a smaller bid, while communication services   , likely to be hurt by rising rates, Hall added, saw a fifth straight week of outflows.   In other flows, corporate buybacks picked up steam, Hall said, adding that tech continues to dominate, but trends have begun to broaden out to other sectors.   (Lance Tupper)   ******   FED FOR THOUGHT: IT'S ALL ABOUT THE FORECASTS (1203 EDT/1603 GMT)   Daniel Ahn, Chief U.S. Economist and Head of Markets 360 North America at BNP Paribas, is commenting on what to expect from today's FOMC Meeting.   Ahn says he does not expect the FOMC to take any major policy action, or make changes to its forward guidance on target rates or asset purchases.   Instead, he believes what's key is the Fed’s updated forecasts, which should show \"significantly higher growth, somewhat higher inflation and lower unemployment.\"   While a close call, he expects movement in the median dot plot to indicate a rate hike in 2023.   With this, Ahn says Chair Powell faces a \"tricky messaging challenge to balance acknowledgment of the improving outlook and higher nominal rates, while defending the current policy stance and the credibility of the Fed’s asymmetrically dovish strategy.\"   As for the stock market, BNP's base case is that equities and rates could continue to grind higher. However, they caution that a quicker, or more volatile bond-market sell off, could negate this thesis.   In the event the Fed is seen as less dovish, equities would also be vulnerable. However, Ahn says any correction would \"likely be shallow and short-lived.\"   (Terence Gabriel)   *****   HOUSING STARTS, MORTGAGE DEMAND: SHOVELS HIT FROZEN GROUND (1100 EDT/1500 GMT)   The U.S. housing market found itself poorly insulated against the brutal winter weather of February, which also put a (hopefully temporary) chill on the broader economic rebound.      For months, the sector has been blithely zooming along the upward trajectory of a k-shaped recovery, as the pandemic sent Americans fleeing for the suburbs in search of low population density and home office space.   But that spike in demand, further fueled by low mortgage rates, has created potential headwinds in the form of record low inventories, rising materials costs and strained affordability.    Groundbreaking on new U.S. homes    dropped by 10.3% in February to 1.421 million units at a seasonally adjusted annualized rate (SAAR) according to the Commerce Department, 139,000 fewer than the consensus estimate.   The number extends January's 5.1% decrease.   Building permits   , a more forward-looking indicator, unexpectedly fell 10.8% to 1.682 million units SAAR, reversing the previous month's 10.7% growth and missing estimates by 68,000 units.   As the ground thaws, those pesky headwinds remain.   \"We expect the pace of housing starts to moderate in 2021 as homebuilders confront constraints including high lumber prices and shortages of lots and labor,\" writes Nancy Vanden Houten, lead economist at Oxford Economics. \"However, we think the February data overstates any actual weakness in the housing market.\"   In more recent data, demand for home loans fell by 2.2% last week as low interest rates continue their upward creep, according to the Mortgage Bankers Association (MBA)   The average 30-year fixed contract rate    gained two basis points to 3.28%. And while demand for loans to purchase homes    inched up 2%, that gain was offset by a 4% drop in refi applications   , which accounted for 62.9% of the total.   Still, purchase loan demand notched its third straight gain, a good omen for the market as winter turns to spring.   \"The latest increase in purchase applications comes as we approach the critical spring home buying season,\" Vanden Houten adds. \"The rise indicates that there is still demand for housing despite sharply higher home prices and the recent backup in mortgage rates.\"   The housing sector's remarkable run has also been reflected in the stock market.   The Philadelphia SE Housing index   , which had been underperforming the S&P 500    just prior to the pandemic, has since performed remarkably better than the broader stock market, as seen in the graphic below.   The HGX is last off by 0.8% on Wednesday.   The question then, is how long can the cheeky sector remain in the spotlight?   Investors took little heed of the data, focusing instead on the Fed, which wraps up its two-day monetary policy meeting this afternoon.   Stocks are mostly lower, with the Nasdaq    and S&P solidly red, and blue chip Dow    hovering near the flatline.       (Stephen Culp)   *****   U.S. STOCKS MIXED AHEAD OF FED; GREENS SEE RED (1012 EDT/1412 GMT)       U.S. stocks are mixed early on Wednesday. This as bond yields spike ahead of the Federal Reserve's policy statement at 1400 EDT/1800 GMT, which could provide hints on whether the central bank would raise interest rates sooner than expected.   The U.S. 10-year Treasury yield    hit 1.6760%, or its highest level in more than a year.   With this, high-P/E growth stocks are on the back foot again. The NYSE Fang+TM index    is down around 0.6%, and tech    is among the weakest major S&P 500    sectors.    More cyclical groups such as banks   , financials , energy    and industrials    are green. Growth    is underperforming value   .   Not surprisingly, the Nasdaq Composite    is the weakest major index, down around 0.8%. The Dow Industrial Average    is clinging to a slight gain.   Under the surface, green energy stocks are especially weak. Plug Power    announced it is restating its financial results.   The WilderHill Clean Energy index    is down more than 2%.   Here is your early trade snapshot:   (Terence Gabriel)   *****            ANOTHER ONE STAYING BULLISH ON EUROPEAN BANKS (0953 EDT/1353 GMT)   With yields on the rise, it looks like more and more brokers are feeling the urge to reiterate their bullish stance on the European bank space.   After the recent upbeat views from Credit Suisse, Morgan Stanley, and BofA, this time it's JP Morgan to affirm its positive stance on the rate-sensitive sector.     \"Despite 30% outperformance since turning positive in Oct-20. We see further 10% re-rating potential,\" they say, sticking to their overweight rating.   There is a novelty though, namely they start to shift their portfolio toward dividend plays.    \"We shift our barbell portfolio of asset gathering and low P/BV stocks post the material re-rating, with a continued preference for asset gathering alongside an increased quality element and more importantly, increased dividend exposure\"   (Danilo Masoni)   *****   S&P 500: THIN AIR AND SPUTTERING THRUST? (0900 EDT/1400 GMT)   Since bottoming in early March, the S&P 500    quickly climbed to fresh record highs. But ahead of today's results of the latest FOMC Meeting, CME e-mini S&P 500 futures    are suggesting the benchmark index is poised to dip at the open.   From early 2018 to early 2021, the S&P 500 has seen six instances of making new highs and then ultimately suffering a sell-off of more than 5%. On average, the index extended just 5.5% above its prior peak, over a 27 week period:   In the six declines of more than 5%, between late 2018 and early 2021, the average was 14.4% over about five weeks.   In the two weeks since the most recent low, the SPX has only managed to extend about 0.8% above its mid-February peak. Although minimal, that is slightly greater than the 0.5% extension into the May 2019 high.   Meanwhile, weekly momentum measures are diverging. As it stands, just since early January, the RSI is potentially forming a third lower peak. The current reading, as was the case in mid-February, is failing to muster enough strength to push above the 70.00 overbought threshold. This lack of thrust can put the SPX at risk for a reversal.     In the event of another sharp decline, a weekly close below the support line from the late-2018 high, now around 3,745, or 5.9% below this week's high, can suggest potential for a much more severe sell off.   Since the SPX closed above it in early December of last year, this line has continually contained downside turns on a weekly closing basis.   (Terence Gabriel)   *****   FOR WEDNESDAY'S LIVE MARKETS' POSTS PRIOR TO 0900 EDT/1300 GMT - CLICK HERE:      <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ SPX03172021     EU banks and yields     earlytrade03172021     Housing starts and building permits     MBA     Housing stocks     PostFOMC03172021     closer03172021       ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>(Terence Gabriel is a Reuters market analyst. The views expressed are his own)","news_type":1},"isVote":1,"tweetType":1,"viewCount":50,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}