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2021-12-31

Both

Lucid Vs. NIO Stock: Which EV Stock Is The Better Buy?

2021-12-31

Ok

Got $3,000? 5 of the Safest Stocks to Buy for 2022

2021-12-30

Good

Dow, S&P Close at Record Highs as Omicron Worries Ease

2021-12-30

Ok

Intel Sells SSD Business and Dalian Facility to SK hynix

2021-07-01

Hopefully this is true and will rocket soon

@Ola5528:$ContextLogic Inc.(WISH)$This is in consolidation mode, I’m still holding on because I believe it when the breakout comes, it will be explosive! ???

2021-06-23

Nice

Krispy Kreme eyes near $4 bln valuation in U.S. IPO

2021-06-17

Oh

Fed Sees Two Rate Hikes by End of 2023, Inches Towards Taper

2021-06-15

Good for long term

Why Adobe Could Be Worth $590: A Promising Look Ahead Of Q2 Earnings

2021-06-13

Great

G7 source praises Biden after 'complete chaos' of Trump

2021-06-12

Good

Apple envisions a smart home where users can unlock the front door with their iPhone

2021-06-12

$ContextLogic Inc.(WISH)$when will it rebound

2021-06-11

Good

Volkswagen, Ford to exit auto finance business in India - sources

2021-06-11

$Paysafe Ltd(PSFE)$stuck for a month. Not much action

2021-06-11

$ContextLogic Inc.(WISH)$will it rocket today?

2021-06-10

Sure

Pfizer to provide U.S. with 500 million COVID-19 vaccines to donate to world

2021-06-10

Good

Pfizer to provide U.S. with 500 million COVID-19 vaccines to donate to world

2021-04-30

Nice

Sorry, the original content has been removed

2021-04-30

Good

Amazon sales surge 44% as it smashes earnings expectations

2021-04-25

Good

Why the Fed's focus on those hardest-hit by the pandemic matters for markets

2021-03-30

$HONGKONG LAND HOLDINGS LIMITED(H78.SI)$Still not moving much

Go to Tiger App to see more news

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23:34","market":"us","language":"en","title":"Lucid Vs. NIO Stock: Which EV Stock Is The Better Buy?","url":"https://stock-news.laohu8.com/highlight/detail?id=1139674064","media":"Seeking Alpha","summary":"SummaryThe EV market is getting ever more competitive. Owning strong brands or tech will be important for companies to differentiate themselves from others.Both NIO and LCID have strong brands and gre","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>The EV market is getting ever more competitive. Owning strong brands or tech will be important for companies to differentiate themselves from others.</li><li>Both NIO and LCID have strong brands and great tech, which allow them to demand high ASPs.</li><li>NIO seems like the lower-risk choice among these two, and due to being a lot farther along from a production ramp perspective, it is, I believe, the better choice today.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0fe01e445aec1bb67f1b8d810f551603\" tg-width=\"1536\" tg-height=\"1025\" referrerpolicy=\"no-referrer\"/><span>Trygve Finkelsen/iStock Editorial via Getty Images</span></p><p><b>Article Thesis</b></p><p>The EV space has brought up many companies that do not seem too viable in the long run, but there are also strong contenders apart from Tesla (TSLA). In this report, we&#39;ll pit Lucid Group, Inc. (LCID) and NIO Inc. (NIO) against each other - two of the most interesting EV players that combine strong brands and high-end technological capabilities. In this report, we&#39;ll take a deeper dive into the tech and product side and will look at individual risks for both companies. Overall, I do believe that NIO is the more attractive choice among these two at current prices.</p><p><b>Lucid And NIO In The EV Market</b></p><p>The global EV market has been growing rapidly, with EV sales likely coming in a little north of six million, which is roughly twice as high as during the previous year. Clearly, EVs are a huge growth sector in the global automobile market, although it should be noted that most vehicles sold around the world are still powered by internal combustion engines. Over the years, EV market share should continue to climb rapidly, but it is not looking like EVs will dominate ICE vehicles any time soon.</p><p>The market leaders in the EV space are Tesla and BYD (OTCPK:BYDDY), and, depending on how one counts plug-in hybrids, Volkswagen (OTCPK:VWAGY). NIO Inc. and Lucid Group, Inc. are not among the largest companies for now. NIO is selling around 11,000 vehicles a month right now, which translates into a ~130,000 annual sales pace. Sales have been growing quickly, however, which is why NIO will most likely sell more than 130,000 vehicles next year, as deliveries should continue to climb sequentially. Lucid is way smaller for now, in terms of deliveries, as the company has likely sold a couple of hundred vehicles this year. Next year, Lucid Group targets deliveries of around 20,000 vehicles - up by a lot versus 2021, but still a relatively small number compared to the deliveries NIO and many other peers will hit next year.</p><p><b>LCID Vs. NIO&#39;s Past Quarterly Performance</b></p><p>As noted above, NIO&#39;s sales performance was way stronger than that of Lucid over the last three months, but that was hardly a surprise as LCID just began delivering vehicles to customers. On a share price basis, however, Lucid fared better:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7a6e7cb1b1485f32cc25ade9f387a5b\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p>Over the last three months, LCID is up close to 50%, whereas NIO saw its shares drop by close to 20% over the same time frame. In NIO&#39;s case, macro worries about Chinese regulation played a role, whereas LCID benefitted a lot from growing enthusiasm for US-based EV players caused by Rivian&#39;s (RIVN) huge IPO success. On top of that, the start of deliveries also attracted new investors to Lucid&#39;s stock. If analysts are correct, NIO is the much better value today:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0b1d0939d657b284e25d8447ccb211b5\" tg-width=\"635\" tg-height=\"481\" referrerpolicy=\"no-referrer\"/><span>Data by YCharts</span></p><p>Shares are trading at less than half the consensus price target, which implies 100%+ upside over the next year, whereas LCID is trading almost perfectly in line with the current consensus price target - which implies no upside over the next year. NIO&#39;s underperformance over the last quarter thus seems to position the company well for a strong performance from the current level, whereas the same can&#39;t be said about Lucid.</p><p><b>Lucid Vs. NIO Key Metrics</b></p><p>Let&#39;s take a deeper look at the tech of the two companies, as well as at their branding, and their specific key risks. Both NIO and Lucid are active in the high-end segment of the EV industry, selling vehicles with ASPs well north of the average Tesla. NIO&#39;s ASP is around $70,000, and Lucid&#39;s ASP is even higher than that for now, as the company is selling the most expensive Air<i>Dream</i>version first. Tesla, the current EV leader, has an ASP of around $50,000. Both NIO and Tesla are thus operating in a more luxurious, higher-end segment of the market compared to Tesla. How are these companies able to demand way higher ASPs than Tesla? There are several factors at play, including branding, but one of the most important factors is their great tech.</p><p>NIO&#39;s battery-swapping technology, for example, allows its customers to fully &#34;recharge&#34; in a couple of minutes, while most other EVs take way longer to fully charge. Lucid doesn&#39;t employ battery-swapping, but its racing-tested 900V technology allows for both a huge range as well as for fast charging speeds - Lucid&#39;s architecture allows customers to charge up to 300 miles worth of energy in just 20 minutes. The Tesla S, for reference, uses a ~400V architecture that allows customers to recharge 200 miles in 15 minutes. Clearly, both NIO&#39;s solution, as well as Lucid&#39;s solution, seem superior compared to what Tesla is offering.</p><p>NIO&#39;s and Lucid&#39;s tech also looks highly competitive when it comes to their respective batteries. The Lucid Air Dream has an EPA range of 520 miles, which should be sufficient for almost all use cases. NIO has a larger product portfolio compared to Lucid, but when we take a look at its top-end sedan, battery performance looks even better. The NIO ET7, with a 150kWh battery (smaller options are available, too), has a range of up to 1,000km, which equates to around 620 miles of range. Again, both NIO and Lucid perform well compared to Tesla - the flagship S Plaid has an EPA range of 350 miles. Thanks to its experience in developing and supplying racing engines for electric race cars, Lucid crafts an especially efficient engine:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/edf92a9709beceb826f2e86b3bc25dd6\" tg-width=\"1502\" tg-height=\"829\" referrerpolicy=\"no-referrer\"/><span>Source: Lucid presentation</span></p><p>A smaller, more efficient engine results in lower resource usage and reduces the weight of the vehicle, all else equal. This does, in turn, lead to a longer range, and it also allows for better handling and driving performance, all else equal. Lucid is by far not the biggest EV player today, but its engineers have developed some of the most compelling products and solutions among all currently active EV players.</p><p>NIO puts a lot of focus on technologies that will eventually allow for autonomous driving and puts massive numbers of sensors and huge computing power in its vehicles today. The ET7 uses the following sensing units for that goal:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b39530a306d0b27d76d36bccec0e147d\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"/><span>Source: NIO</span></p><p>With 33 sensors that use up to 8MP, NIO&#39;s sensing capabilities easily blow away those of Tesla. The Tesla Model 3, which is, according to CEO Musk, ready for full-self-driving, only uses 8 cameras with 1.2MP each. One of NIO&#39;s sensors in the ET7 thus has almost as much sensing performance as all of the cameras in the M3 combined - and NIO uses 32 additional sensors in its model. Clearly, NIO&#39;s offering is superior - and that obviously comes at a price, as NIO is not skimping when it comes to putting the best tech in its vehicles. This is also showcased by the massive processing power of the chips NIO uses in the ET7. The ET7 uses four NVIDIA (NVDA) Orin SoCs, each of which offers slightly more than 250 trillion operations per second, which makes for combined computing power of more than 1,000 TOPS - unheard of in any production vehicle. Using four SoCs at the same time also provides for the redundancy that is required for critical systems in a self-driving scenario. it should be noted that NIO&#39;s self-driving tech is not as excellent on the software side - yet. At least for now, peers such as XPeng (XPEV) seem to employ the stronger algorithms, but that is a problem that NIO can solve over the coming quarters and years, and integrating future software in its vehicles that come with top-notch hardware shouldn&#39;t be a very difficult task. Lucid&#39;s self-driving tech, even though it doesn&#39;t get a lot of recognition yet, is not looking bad at all, either. The DreamDrive suite utilizes 32 onboard sensors, almost on par with NIO&#39;s Aquila system (and 4x more sensors compared to the M3, which is allegedly L5 ready from a hardware perspective).</p><p>Strong tech alone doesn&#39;t make for an attractive vehicle, however, as design, manufacturing quality, etc. have to be considered as well. Luckily, both NIO and Lucid compete very well on that basis, although the data on Lucid is still limited due to the low sales numbers - not too many people have driven a Lucid Air yet, thus data about reliability, etc. is limited. NIO, however, has been selling thousands of vehicles a month for quite some time, and its users are very satisfied with the vehicles&#39; quality. CnTechPost reports that J.D. Power has rated NIO the highest-quality EV company in China, ahead of Tesla. Lucid is not active in the country yet, but test drives by a wide range of auto journalists and magazines have generally resulted in very positive reviews. Both NIO and Lucid thus look strong from a design, quality, and tech perspective, with NIO putting more focus on customer-friendly items such as battery-swapping and driving assistance, whereas Lucid puts more focus on engine performance, battery tech, etc. Both avenues have their advantages, but I personally could see NIO benefit more from its easy-to-use, customer-friendly approach, as not too many people will buy an EV based on criteria such as the battery architecture. Still, Lucid&#39;s ability to develop high-performing vehicles should come in very handy in the highly competitive EV industry going forward.</p><p>With NIO, the main risk the market seems to worry about now is regulation/politics. I personally do not believe that regulation will be a huge risk for NIO. Chinese companies never were able to compete successfully in the ICE vehicle space, but with EV technologies bringing change to the entire global automobile industry, China saw its chance to become a global automobile powerhouse. Hurting NIO and other Chinese EV players would run contrary to those goals, which is why I believe that China is more interested in nurturing its own EV players, including NIO, instead of hurting them. Still, the market puts a discount on every Chinese company today, and that holds true for NIO as well - which might be a good thing for those seeking to buy into the company at a below-average valuation.</p><p>For Lucid, regulation doesn&#39;t seem like an important risk. Instead, the main risks here are the high valuation and the production ramp. As Tesla has shown, ramping up vehicle production is no easy task. The company oftentimes had to battle with delays and other issues, sometimes summarized as &#34;Production Hell&#34;. The same could hold true for Lucid, which will have to ramp up production at a high speed in the coming months and quarters in order to meet its ambitious production goals. It&#39;s not a certainty that it will experience similar issues to other manufacturers, of course, but due to a lack of experience, this seems a considerable risk worth keeping an eye on. On top of that, LCID&#39;s high valuation could be a considerable risk - shares trade at around 30x next year&#39;s expected revenue, and there is no guarantee at all that those revenues will actually be generated.</p><p><b>Is Lucid Or NIO Stock The Better Buy?</b></p><p>Both NIO and Lucid have attractive products that seem highly competitive in the EV market that is seeing more and more entrants. I do believe that both companies will have operational success over the coming years, driven by strong tech, attractive brands, and compelling product quality. Operational growth does not necessarily result in share price growth, however, as valuations can be a major hurdle when one buys at a price that is too high.</p><p>In NIO&#39;s case, that does not seem like an overly large risk, as shares are inexpensive relative to how other EV players are valued - NIO trades at ~4x next year&#39;s expected revenue, which represents a clear discount compared to LCID, RIVN, TSLA, and so on. Lucid, on the other hand, is trading at a very premium valuation of 30x next year&#39;s sales.</p><p>I do believe that, based on its larger size, more established operations, better progress in ramping production, and due to its much more reasonable valuation, NIO is the better pick among these two today.The recent share price decline makes for an attractive entry point for those interested in owning this top-notch Chinese EV player.</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>Lucid Vs. 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NIO Stock: Which EV Stock Is The Better Buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-30 23:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4477181-lucid-vs-nio-stock-better-buy><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe EV market is getting ever more competitive. Owning strong brands or tech will be important for companies to differentiate themselves from others.Both NIO and LCID have strong brands and ...</p>\n\n<a href=\"https://seekingalpha.com/article/4477181-lucid-vs-nio-stock-better-buy\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","LCID":"Lucid Group Inc"},"source_url":"https://seekingalpha.com/article/4477181-lucid-vs-nio-stock-better-buy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139674064","content_text":"SummaryThe EV market is getting ever more competitive. Owning strong brands or tech will be important for companies to differentiate themselves from others.Both NIO and LCID have strong brands and great tech, which allow them to demand high ASPs.NIO seems like the lower-risk choice among these two, and due to being a lot farther along from a production ramp perspective, it is, I believe, the better choice today.Trygve Finkelsen/iStock Editorial via Getty ImagesArticle ThesisThe EV space has brought up many companies that do not seem too viable in the long run, but there are also strong contenders apart from Tesla (TSLA). In this report, we'll pit Lucid Group, Inc. (LCID) and NIO Inc. (NIO) against each other - two of the most interesting EV players that combine strong brands and high-end technological capabilities. In this report, we'll take a deeper dive into the tech and product side and will look at individual risks for both companies. Overall, I do believe that NIO is the more attractive choice among these two at current prices.Lucid And NIO In The EV MarketThe global EV market has been growing rapidly, with EV sales likely coming in a little north of six million, which is roughly twice as high as during the previous year. Clearly, EVs are a huge growth sector in the global automobile market, although it should be noted that most vehicles sold around the world are still powered by internal combustion engines. Over the years, EV market share should continue to climb rapidly, but it is not looking like EVs will dominate ICE vehicles any time soon.The market leaders in the EV space are Tesla and BYD (OTCPK:BYDDY), and, depending on how one counts plug-in hybrids, Volkswagen (OTCPK:VWAGY). NIO Inc. and Lucid Group, Inc. are not among the largest companies for now. NIO is selling around 11,000 vehicles a month right now, which translates into a ~130,000 annual sales pace. Sales have been growing quickly, however, which is why NIO will most likely sell more than 130,000 vehicles next year, as deliveries should continue to climb sequentially. Lucid is way smaller for now, in terms of deliveries, as the company has likely sold a couple of hundred vehicles this year. Next year, Lucid Group targets deliveries of around 20,000 vehicles - up by a lot versus 2021, but still a relatively small number compared to the deliveries NIO and many other peers will hit next year.LCID Vs. NIO's Past Quarterly PerformanceAs noted above, NIO's sales performance was way stronger than that of Lucid over the last three months, but that was hardly a surprise as LCID just began delivering vehicles to customers. On a share price basis, however, Lucid fared better:Data by YChartsOver the last three months, LCID is up close to 50%, whereas NIO saw its shares drop by close to 20% over the same time frame. In NIO's case, macro worries about Chinese regulation played a role, whereas LCID benefitted a lot from growing enthusiasm for US-based EV players caused by Rivian's (RIVN) huge IPO success. On top of that, the start of deliveries also attracted new investors to Lucid's stock. If analysts are correct, NIO is the much better value today:Data by YChartsShares are trading at less than half the consensus price target, which implies 100%+ upside over the next year, whereas LCID is trading almost perfectly in line with the current consensus price target - which implies no upside over the next year. NIO's underperformance over the last quarter thus seems to position the company well for a strong performance from the current level, whereas the same can't be said about Lucid.Lucid Vs. NIO Key MetricsLet's take a deeper look at the tech of the two companies, as well as at their branding, and their specific key risks. Both NIO and Lucid are active in the high-end segment of the EV industry, selling vehicles with ASPs well north of the average Tesla. NIO's ASP is around $70,000, and Lucid's ASP is even higher than that for now, as the company is selling the most expensive AirDreamversion first. Tesla, the current EV leader, has an ASP of around $50,000. Both NIO and Tesla are thus operating in a more luxurious, higher-end segment of the market compared to Tesla. How are these companies able to demand way higher ASPs than Tesla? There are several factors at play, including branding, but one of the most important factors is their great tech.NIO's battery-swapping technology, for example, allows its customers to fully \"recharge\" in a couple of minutes, while most other EVs take way longer to fully charge. Lucid doesn't employ battery-swapping, but its racing-tested 900V technology allows for both a huge range as well as for fast charging speeds - Lucid's architecture allows customers to charge up to 300 miles worth of energy in just 20 minutes. The Tesla S, for reference, uses a ~400V architecture that allows customers to recharge 200 miles in 15 minutes. Clearly, both NIO's solution, as well as Lucid's solution, seem superior compared to what Tesla is offering.NIO's and Lucid's tech also looks highly competitive when it comes to their respective batteries. The Lucid Air Dream has an EPA range of 520 miles, which should be sufficient for almost all use cases. NIO has a larger product portfolio compared to Lucid, but when we take a look at its top-end sedan, battery performance looks even better. The NIO ET7, with a 150kWh battery (smaller options are available, too), has a range of up to 1,000km, which equates to around 620 miles of range. Again, both NIO and Lucid perform well compared to Tesla - the flagship S Plaid has an EPA range of 350 miles. Thanks to its experience in developing and supplying racing engines for electric race cars, Lucid crafts an especially efficient engine:Source: Lucid presentationA smaller, more efficient engine results in lower resource usage and reduces the weight of the vehicle, all else equal. This does, in turn, lead to a longer range, and it also allows for better handling and driving performance, all else equal. Lucid is by far not the biggest EV player today, but its engineers have developed some of the most compelling products and solutions among all currently active EV players.NIO puts a lot of focus on technologies that will eventually allow for autonomous driving and puts massive numbers of sensors and huge computing power in its vehicles today. The ET7 uses the following sensing units for that goal:Source: NIOWith 33 sensors that use up to 8MP, NIO's sensing capabilities easily blow away those of Tesla. The Tesla Model 3, which is, according to CEO Musk, ready for full-self-driving, only uses 8 cameras with 1.2MP each. One of NIO's sensors in the ET7 thus has almost as much sensing performance as all of the cameras in the M3 combined - and NIO uses 32 additional sensors in its model. Clearly, NIO's offering is superior - and that obviously comes at a price, as NIO is not skimping when it comes to putting the best tech in its vehicles. This is also showcased by the massive processing power of the chips NIO uses in the ET7. The ET7 uses four NVIDIA (NVDA) Orin SoCs, each of which offers slightly more than 250 trillion operations per second, which makes for combined computing power of more than 1,000 TOPS - unheard of in any production vehicle. Using four SoCs at the same time also provides for the redundancy that is required for critical systems in a self-driving scenario. it should be noted that NIO's self-driving tech is not as excellent on the software side - yet. At least for now, peers such as XPeng (XPEV) seem to employ the stronger algorithms, but that is a problem that NIO can solve over the coming quarters and years, and integrating future software in its vehicles that come with top-notch hardware shouldn't be a very difficult task. Lucid's self-driving tech, even though it doesn't get a lot of recognition yet, is not looking bad at all, either. The DreamDrive suite utilizes 32 onboard sensors, almost on par with NIO's Aquila system (and 4x more sensors compared to the M3, which is allegedly L5 ready from a hardware perspective).Strong tech alone doesn't make for an attractive vehicle, however, as design, manufacturing quality, etc. have to be considered as well. Luckily, both NIO and Lucid compete very well on that basis, although the data on Lucid is still limited due to the low sales numbers - not too many people have driven a Lucid Air yet, thus data about reliability, etc. is limited. NIO, however, has been selling thousands of vehicles a month for quite some time, and its users are very satisfied with the vehicles' quality. CnTechPost reports that J.D. Power has rated NIO the highest-quality EV company in China, ahead of Tesla. Lucid is not active in the country yet, but test drives by a wide range of auto journalists and magazines have generally resulted in very positive reviews. Both NIO and Lucid thus look strong from a design, quality, and tech perspective, with NIO putting more focus on customer-friendly items such as battery-swapping and driving assistance, whereas Lucid puts more focus on engine performance, battery tech, etc. Both avenues have their advantages, but I personally could see NIO benefit more from its easy-to-use, customer-friendly approach, as not too many people will buy an EV based on criteria such as the battery architecture. Still, Lucid's ability to develop high-performing vehicles should come in very handy in the highly competitive EV industry going forward.With NIO, the main risk the market seems to worry about now is regulation/politics. I personally do not believe that regulation will be a huge risk for NIO. Chinese companies never were able to compete successfully in the ICE vehicle space, but with EV technologies bringing change to the entire global automobile industry, China saw its chance to become a global automobile powerhouse. Hurting NIO and other Chinese EV players would run contrary to those goals, which is why I believe that China is more interested in nurturing its own EV players, including NIO, instead of hurting them. Still, the market puts a discount on every Chinese company today, and that holds true for NIO as well - which might be a good thing for those seeking to buy into the company at a below-average valuation.For Lucid, regulation doesn't seem like an important risk. Instead, the main risks here are the high valuation and the production ramp. As Tesla has shown, ramping up vehicle production is no easy task. The company oftentimes had to battle with delays and other issues, sometimes summarized as \"Production Hell\". The same could hold true for Lucid, which will have to ramp up production at a high speed in the coming months and quarters in order to meet its ambitious production goals. It's not a certainty that it will experience similar issues to other manufacturers, of course, but due to a lack of experience, this seems a considerable risk worth keeping an eye on. On top of that, LCID's high valuation could be a considerable risk - shares trade at around 30x next year's expected revenue, and there is no guarantee at all that those revenues will actually be generated.Is Lucid Or NIO Stock The Better Buy?Both NIO and Lucid have attractive products that seem highly competitive in the EV market that is seeing more and more entrants. I do believe that both companies will have operational success over the coming years, driven by strong tech, attractive brands, and compelling product quality. Operational growth does not necessarily result in share price growth, however, as valuations can be a major hurdle when one buys at a price that is too high.In NIO's case, that does not seem like an overly large risk, as shares are inexpensive relative to how other EV players are valued - NIO trades at ~4x next year's expected revenue, which represents a clear discount compared to LCID, RIVN, TSLA, and so on. Lucid, on the other hand, is trading at a very premium valuation of 30x next year's sales.I do believe that, based on its larger size, more established operations, better progress in ramping production, and due to its much more reasonable valuation, NIO is the better pick among these two today.The recent share price decline makes for an attractive entry point for those interested in owning this top-notch Chinese EV player.","news_type":1},"isVote":1,"tweetType":1,"viewCount":421,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003139436,"gmtCreate":1640907545488,"gmtModify":1676533552675,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003139436","repostId":"2195498290","repostType":4,"repost":{"id":"2195498290","pubTimestamp":1640865578,"share":"https://ttm.financial/m/news/2195498290?lang=&edition=fundamental","pubTime":"2021-12-30 19:59","market":"us","language":"en","title":"Got $3,000? 5 of the Safest Stocks to Buy for 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2195498290","media":"Motley Fool","summary":"If market volatility isn't your thing, these tried-and-true moneymaking stocks are for you.","content":"<html><head></head><body><p>When the curtain closes on 2021 tomorrow, it&#39;ll assuredly go down as another above-average year for the widely followed <b>S&amp;P 500</b>. With a gain of close to 26% through last weekend, the broad-based index had more than doubled-up its average annual total return of 11% over the past four decades.</p><p>Unfortunately, 2022 may not be as kind to Wall Street. History and multiple data points suggest that a stock market crash or a steep correction could be on the horizon.</p><p>Though every dip in the market is a buying opportunity for long-term investors, not every investor looks forward to those dips. If you&#39;re an investor who grimaces at the thought of market volatility, buying safe stocks is a good way to ensure you&#39;ll sleep well at night.</p><p>If you&#39;ve got $3,000 at the ready, which won&#39;t be needed for bills or emergencies, the following five safe stocks can be bought right now for 2022.</p><p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F658850%2Fdividend-cash-on-financial-newspaper-getty.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2>NextEra Energy</h2><p>First up is electric utility stock <b>NextEra Energy</b> (NYSE:NEE). Over the past 20 years, NextEra has delivered a positive total return, including dividends, in 19 of them.</p><p>The beauty of the electric utility operating model is that it&#39;s highly predictable. Homeowners, renters, and businesses need electricity, and demand for electricity doesn&#39;t change much from year to year. Plus, with very high barriers to entry, most electric utilities operate as monopolies or duopolies, further enhancing the predictability of their cash flow and their ability to pay an above-average dividend.</p><p>What allows NextEra Energy to stand out from the crowd is the company&#39;s focus on renewable energy. No utility in the country is generating more capacity from solar or wind power than NextEra, and this is unlikely to change anytime soon. NextEra has allocated between $50 billion and $55 billion for new infrastructure projects between 2020 and 2022.</p><p>Although green-energy projects can be pricey, interest rates are near historic lows, and the benefit of lower-cost electricity has lifted NextEra&#39;s growth rate to the high single digits for more than a decade. Comparatively, most electric utilities are growing by a low single-digit rate.</p><p>NextEra&#39;s 1.7% dividend yield might not be anything to write home about, but its track record and execution are top-notch among utilities.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4a7ee02d220d347caebe42156ebb3644\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2><a href=\"https://laohu8.com/S/NLY\">Annaly Capital Management</a></h2><p>It may not be a loved stock or industry, but mortgage real estate investment trust (REIT) <b>Annaly Capital Management</b> (NYSE:NLY) is another safe stock investors can confidently put $3,000 to work in for 2022.</p><p>The mortgage REIT industry is fairly simple to demystify. Companies like Annaly are looking to borrow money at lower short-term rates and use this capital to purchase higher-yielding long-term assets, such as mortgage-backed securities (MBSs). The difference in average yield received from MBSs minus the average short-term borrowing rate is known as net interest margin. Annaly is always looking for ways to boost its net interest margin.</p><p>Mortgage REITs like Annaly tend to be very sensitive to interest rates -- or I should say quick and unpredictable movements in interest rates. If the Federal Reserve carefully telegraphs its moves, the company has plenty of opportunity to adjust its asset portfolio to maximize profits.</p><p>What&#39;s more, mortgage REITs tend to outperform during the early years of an economic recovery, which is where we are now. When bouncing back from a recession, it&#39;s not uncommon for the interest rate yield curve to steepen (i.e., the gap widens between short- and long-term Treasury bond yields). When this happens, Annaly&#39;s net interest margin typically widens.</p><p>Annaly Capital Management also almost exclusively purchases agency assets. Agency securities are backed by the federal government in the event of a default. Having this added protection allows the company to prudently use leverage to its advantage.</p><p>Annaly is a safe, low-volatility income stock paying out a hearty 10.7% dividend yield.</p><p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F658850%2F17171920167_b5afce5167_k.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.</span></p><h2>Berkshire Hathaway</h2><p>Looking back decades, few investments have been safer than riding the coattails of Warren Buffett&#39;s company, <b>Berkshire Hathaway</b> (NYSE:BRK.A)(NYSE:BRK.B). For those of you with $3,000 to invest, you&#39;d want to focus on the Class B shares (BRK.B) given that the Class A shares (BRK.A) will set you back close to $445,000.</p><p>One of the key reasons Buffett has excelled as an investor is his focus on cyclical businesses. Even though recessions are an inevitable part of the economic cycle, Buffett is well aware that periods of expansion are measured in years, whereas recessions last a few months or a couple of quarters. The Oracle of Omaha is playing a simple numbers game where time is his greatest ally.</p><p>Berkshire Hathaway&#39;s investment portfolio is also packed with profitable, time-tested, dividend-paying companies. This year, Buffett&#39;s company very likely pulled in more than $5 billion in dividend income, including preferred-share dividends. Based on the initial cost basis of Berkshire Hathaway&#39;s investment portfolio, we&#39;re talking about a yield on cost of around 5%.</p><p>Since taking over as CEO in 1965, Buffett has led his company&#39;s stock to an average annual return of 20%. Taking into account Berkshire&#39;s year-to-date gains for 2021, he&#39;s overseen the creation of more than $600 billion in market value and a better than 3,500,000% aggregate gain in 56 years. That&#39;s proven consistency investors can count on.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a295212aa2b7c99c921b8afa2a4aa3a2\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2><a href=\"https://laohu8.com/S/V\">Visa</a> and Mastercard</h2><p>Lastly, investors with $3,000 who are looking for a safe but effective place to put it to work should consider payment-processing kingpins <b>Visa</b> (NYSE:V) and <b>Mastercard</b> (NYSE:MA). I&#39;m placing these two companies together because their operating models are virtually identical.</p><p>Not to sound like a broken record, but cyclical businesses with clear-cut competitive advantages are a smart way to invest if you&#39;re concerned about market volatility. Though Visa and Mastercard do struggle when consumers and businesses pull back on their spending during periods of recession, these two companies spend a disproportionate amount of time reveling in a growing U.S. and global economy. Once again, it&#39;s a simple numbers game with these two payment-processing leaders.</p><p>Something else that makes Visa and Mastercard especially safe is their avoidance of lending. While both would likely have no trouble generating interest income and fees as lenders, it would also expose them to inevitable credit delinquencies during economic contractions and recession. Not acting as lenders is what allows these two companies to bounce back from recessions faster than virtually all other financial stocks.</p><p>It doesn&#39;t hurt that Visa and Mastercard have a long runway of opportunity, either. They&#39;re the respective No. 1 and No. 2 in the U.S. in terms of credit card network purchase volume (as of 2018), and they should be able to expand their payment infrastructure to underbanked regions of the world. After all, more than half of all global transactions are still being conducted in cash.</p><p>Visa and Mastercard are the perfect duo for investors who still want double-digit growth potential, but without all the added risks that can come with unproven growth stocks.</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>Got $3,000? 5 of the Safest Stocks to Buy for 2022</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\">\nGot $3,000? 5 of the Safest Stocks to Buy for 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-30 19:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/12/30/got-3000-5-of-the-safest-stocks-to-buy-for-2022/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When the curtain closes on 2021 tomorrow, it'll assuredly go down as another above-average year for the widely followed S&P 500. With a gain of close to 26% through last weekend, the broad-based index...</p>\n\n<a href=\"https://www.fool.com/investing/2021/12/30/got-3000-5-of-the-safest-stocks-to-buy-for-2022/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NEE":"新纪元能源","BK4106":"数据处理与外包服务","NLY":"Annaly Capital Management","REIT":"ALPS Active REIT ETF","BK4534":"瑞士信贷持仓","V":"Visa","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","MA":"万事达","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4081":"电力公用事业","BK4559":"巴菲特持仓","BK4550":"红杉资本持仓","BRK.B":"伯克希尔B","BRK.A":"伯克希尔","BK4110":"抵押房地产投资信托","BK4548":"巴美列捷福持仓","BK4176":"多领域控股"},"source_url":"https://www.fool.com/investing/2021/12/30/got-3000-5-of-the-safest-stocks-to-buy-for-2022/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2195498290","content_text":"When the curtain closes on 2021 tomorrow, it'll assuredly go down as another above-average year for the widely followed S&P 500. With a gain of close to 26% through last weekend, the broad-based index had more than doubled-up its average annual total return of 11% over the past four decades.Unfortunately, 2022 may not be as kind to Wall Street. History and multiple data points suggest that a stock market crash or a steep correction could be on the horizon.Though every dip in the market is a buying opportunity for long-term investors, not every investor looks forward to those dips. If you're an investor who grimaces at the thought of market volatility, buying safe stocks is a good way to ensure you'll sleep well at night.If you've got $3,000 at the ready, which won't be needed for bills or emergencies, the following five safe stocks can be bought right now for 2022.Image source: Getty Images.NextEra EnergyFirst up is electric utility stock NextEra Energy (NYSE:NEE). Over the past 20 years, NextEra has delivered a positive total return, including dividends, in 19 of them.The beauty of the electric utility operating model is that it's highly predictable. Homeowners, renters, and businesses need electricity, and demand for electricity doesn't change much from year to year. Plus, with very high barriers to entry, most electric utilities operate as monopolies or duopolies, further enhancing the predictability of their cash flow and their ability to pay an above-average dividend.What allows NextEra Energy to stand out from the crowd is the company's focus on renewable energy. No utility in the country is generating more capacity from solar or wind power than NextEra, and this is unlikely to change anytime soon. NextEra has allocated between $50 billion and $55 billion for new infrastructure projects between 2020 and 2022.Although green-energy projects can be pricey, interest rates are near historic lows, and the benefit of lower-cost electricity has lifted NextEra's growth rate to the high single digits for more than a decade. Comparatively, most electric utilities are growing by a low single-digit rate.NextEra's 1.7% dividend yield might not be anything to write home about, but its track record and execution are top-notch among utilities.Image source: Getty Images.Annaly Capital ManagementIt may not be a loved stock or industry, but mortgage real estate investment trust (REIT) Annaly Capital Management (NYSE:NLY) is another safe stock investors can confidently put $3,000 to work in for 2022.The mortgage REIT industry is fairly simple to demystify. Companies like Annaly are looking to borrow money at lower short-term rates and use this capital to purchase higher-yielding long-term assets, such as mortgage-backed securities (MBSs). The difference in average yield received from MBSs minus the average short-term borrowing rate is known as net interest margin. Annaly is always looking for ways to boost its net interest margin.Mortgage REITs like Annaly tend to be very sensitive to interest rates -- or I should say quick and unpredictable movements in interest rates. If the Federal Reserve carefully telegraphs its moves, the company has plenty of opportunity to adjust its asset portfolio to maximize profits.What's more, mortgage REITs tend to outperform during the early years of an economic recovery, which is where we are now. When bouncing back from a recession, it's not uncommon for the interest rate yield curve to steepen (i.e., the gap widens between short- and long-term Treasury bond yields). When this happens, Annaly's net interest margin typically widens.Annaly Capital Management also almost exclusively purchases agency assets. Agency securities are backed by the federal government in the event of a default. Having this added protection allows the company to prudently use leverage to its advantage.Annaly is a safe, low-volatility income stock paying out a hearty 10.7% dividend yield.Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.Berkshire HathawayLooking back decades, few investments have been safer than riding the coattails of Warren Buffett's company, Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B). For those of you with $3,000 to invest, you'd want to focus on the Class B shares (BRK.B) given that the Class A shares (BRK.A) will set you back close to $445,000.One of the key reasons Buffett has excelled as an investor is his focus on cyclical businesses. Even though recessions are an inevitable part of the economic cycle, Buffett is well aware that periods of expansion are measured in years, whereas recessions last a few months or a couple of quarters. The Oracle of Omaha is playing a simple numbers game where time is his greatest ally.Berkshire Hathaway's investment portfolio is also packed with profitable, time-tested, dividend-paying companies. This year, Buffett's company very likely pulled in more than $5 billion in dividend income, including preferred-share dividends. Based on the initial cost basis of Berkshire Hathaway's investment portfolio, we're talking about a yield on cost of around 5%.Since taking over as CEO in 1965, Buffett has led his company's stock to an average annual return of 20%. Taking into account Berkshire's year-to-date gains for 2021, he's overseen the creation of more than $600 billion in market value and a better than 3,500,000% aggregate gain in 56 years. That's proven consistency investors can count on.Image source: Getty Images.Visa and MastercardLastly, investors with $3,000 who are looking for a safe but effective place to put it to work should consider payment-processing kingpins Visa (NYSE:V) and Mastercard (NYSE:MA). I'm placing these two companies together because their operating models are virtually identical.Not to sound like a broken record, but cyclical businesses with clear-cut competitive advantages are a smart way to invest if you're concerned about market volatility. Though Visa and Mastercard do struggle when consumers and businesses pull back on their spending during periods of recession, these two companies spend a disproportionate amount of time reveling in a growing U.S. and global economy. Once again, it's a simple numbers game with these two payment-processing leaders.Something else that makes Visa and Mastercard especially safe is their avoidance of lending. While both would likely have no trouble generating interest income and fees as lenders, it would also expose them to inevitable credit delinquencies during economic contractions and recession. Not acting as lenders is what allows these two companies to bounce back from recessions faster than virtually all other financial stocks.It doesn't hurt that Visa and Mastercard have a long runway of opportunity, either. They're the respective No. 1 and No. 2 in the U.S. in terms of credit card network purchase volume (as of 2018), and they should be able to expand their payment infrastructure to underbanked regions of the world. After all, more than half of all global transactions are still being conducted in cash.Visa and Mastercard are the perfect duo for investors who still want double-digit growth potential, but without all the added risks that can come with unproven growth stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":665,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003031748,"gmtCreate":1640823079582,"gmtModify":1676533544477,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003031748","repostId":"2195466435","repostType":4,"repost":{"id":"2195466435","pubTimestamp":1640814752,"share":"https://ttm.financial/m/news/2195466435?lang=&edition=fundamental","pubTime":"2021-12-30 05:52","market":"us","language":"en","title":"Dow, S&P Close at Record Highs as Omicron Worries Ease","url":"https://stock-news.laohu8.com/highlight/detail?id=2195466435","media":"Reuters","summary":"Dec 29 (Reuters) - The Dow and S&P 500 closed at all-time highs on Wednesday on a boost from retaile","content":"<html><head></head><body><p>Dec 29 (Reuters) - The Dow and S&amp;P 500 closed at all-time highs on Wednesday on a boost from retailers including Walgreens and Nike, as investors shrugged off concerns on the spreading Omicron variant.</p><p>The Dow has now risen six straight trading days, marking the longest streak of gains since a seven-session run from March 5 to March 15 this year.</p><p><a href=\"https://laohu8.com/S/WBA\">Walgreens Boots Alliance</a> and Nike Inc rose 1.59% and 1.42% respectively against the backdrop of recent reports suggesting holiday sales were strong for U.S. retailers.</p><p>Data on Wednesday showed the U.S. trade deficit in goods mushroomed to the widest ever in November as imports of consumer goods shot to a record, as the coronavirus pandemic has limited spending by Americans on services.</p><p>Some early studies pointing to a reduced risk of hospitalization in Omicron cases have eased some investors concerns over the travel disruptions and powered the S&amp;P 500 to record highs this week.</p><p>&#34;The market started to recognize that the Omicron variant was in a strange way good news, because it will burn itself out more rapidly because it&#39;s easily transmissible, but it&#39;s less likely to overwhelm hospitals,&#34; said Jay Hatfield, founder and chief executive of Infrastructure Capital Management in New York. Still, he said Omicron arguably is going to be a headwind for at least the next month.</p><p>Meanwhile, the S&amp;P 1500 airlines index dipped. Delta Air Lines and Alaska Air Group canceled hundreds of flights again on Tuesday as the daily tally of infections in the United States surged.</p><p>Three of the 11 major S&amp;P sector indexes declined, the energy index, the consumer services sector .SPLRCL and the financial sector are in the red.</p><p>Typically, the final five trading days of the year and the first two of the subsequent year are seasonally strong for U.S. stocks, known as the &#34;Santa Claus Rally.&#34; However, market participants warned against reading too much into daily moves as the holiday season tends to record some of the lowest volume turnovers that can cause exaggerated price action.</p><p>The Dow Jones Industrial Average rose 90.42 points, or 0.25%, to 36,488.63, the S&amp;P 500 gained 6.71 points, or 0.14%, to 4,793.06 and the Nasdaq Composite dropped 15.51 points, or 0.1%, to 15,766.22.</p><p>The S&amp;P 500 dipped on Tuesday in the lowest trading volume session of 2021, snapping a four-day winning streak.</p><p>As 2021 draws to a close, the main U.S. stock indexes are on pace for their third straight year of stunning annual returns, boosted by historic fiscal and monetary stimulus. The S&amp;P 500 is looking at its strongest three-year performance since 1999.</p><p>The focus next year will shift to the U.S. Federal Reserve&#39;s path of interest rate hikes amid a surge in prices caused by supply chain bottlenecks and a strong economic rebound.</p><p>Among other stocks, shares of Victoria’s Secret &amp; Co rose more than 12% after the intimate apparel retailer announced a $250 million accelerated share repurchase program. The retailer also said they had strong sales over the holidays.</p><p>Tesla&#39;s CEO Elon Musk exercised all of his options expiring next year, signaling an end to his stock sales. Its shares dropped 0.21% but were still on course to end about 54% for the year.</p><p>Volume on U.S. exchanges was 7.89 billion shares, compared with the 11.15 billion average for the full session over the last 20 trading days.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.20-to-1 ratio; on Nasdaq, a 1.43-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 76 new 52-week highs and no new lows; the Nasdaq Composite recorded 77 new highs and 374 new lows.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow, S&P Close at Record Highs as Omicron Worries Ease</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, S&P Close at Record Highs as Omicron Worries Ease\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-30 05:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-dow-p-close-215232570.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dec 29 (Reuters) - The Dow and S&P 500 closed at all-time highs on Wednesday on a boost from retailers including Walgreens and Nike, as investors shrugged off concerns on the spreading Omicron variant...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-dow-p-close-215232570.html\">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","SPXU":"三倍做空标普500ETF","IVV":"标普500指数ETF","OEF":"标普100指数ETF-iShares","SSO":"两倍做多标普500ETF","BK4559":"巴菲特持仓","SDS":"两倍做空标普500ETF","BK4079":"房地产服务","BK4534":"瑞士信贷持仓","UPRO":"三倍做多标普500ETF","BK4550":"红杉资本持仓","SPY":"标普500ETF","BK4504":"桥水持仓","OEX":"标普100","BK4539":"次新股","SH":"标普500反向ETF"},"source_url":"https://finance.yahoo.com/news/us-stocks-dow-p-close-215232570.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2195466435","content_text":"Dec 29 (Reuters) - The Dow and S&P 500 closed at all-time highs on Wednesday on a boost from retailers including Walgreens and Nike, as investors shrugged off concerns on the spreading Omicron variant.The Dow has now risen six straight trading days, marking the longest streak of gains since a seven-session run from March 5 to March 15 this year.Walgreens Boots Alliance and Nike Inc rose 1.59% and 1.42% respectively against the backdrop of recent reports suggesting holiday sales were strong for U.S. retailers.Data on Wednesday showed the U.S. trade deficit in goods mushroomed to the widest ever in November as imports of consumer goods shot to a record, as the coronavirus pandemic has limited spending by Americans on services.Some early studies pointing to a reduced risk of hospitalization in Omicron cases have eased some investors concerns over the travel disruptions and powered the S&P 500 to record highs this week.\"The market started to recognize that the Omicron variant was in a strange way good news, because it will burn itself out more rapidly because it's easily transmissible, but it's less likely to overwhelm hospitals,\" said Jay Hatfield, founder and chief executive of Infrastructure Capital Management in New York. Still, he said Omicron arguably is going to be a headwind for at least the next month.Meanwhile, the S&P 1500 airlines index dipped. Delta Air Lines and Alaska Air Group canceled hundreds of flights again on Tuesday as the daily tally of infections in the United States surged.Three of the 11 major S&P sector indexes declined, the energy index, the consumer services sector .SPLRCL and the financial sector are in the red.Typically, the final five trading days of the year and the first two of the subsequent year are seasonally strong for U.S. stocks, known as the \"Santa Claus Rally.\" However, market participants warned against reading too much into daily moves as the holiday season tends to record some of the lowest volume turnovers that can cause exaggerated price action.The Dow Jones Industrial Average rose 90.42 points, or 0.25%, to 36,488.63, the S&P 500 gained 6.71 points, or 0.14%, to 4,793.06 and the Nasdaq Composite dropped 15.51 points, or 0.1%, to 15,766.22.The S&P 500 dipped on Tuesday in the lowest trading volume session of 2021, snapping a four-day winning streak.As 2021 draws to a close, the main U.S. stock indexes are on pace for their third straight year of stunning annual returns, boosted by historic fiscal and monetary stimulus. The S&P 500 is looking at its strongest three-year performance since 1999.The focus next year will shift to the U.S. Federal Reserve's path of interest rate hikes amid a surge in prices caused by supply chain bottlenecks and a strong economic rebound.Among other stocks, shares of Victoria’s Secret & Co rose more than 12% after the intimate apparel retailer announced a $250 million accelerated share repurchase program. The retailer also said they had strong sales over the holidays.Tesla's CEO Elon Musk exercised all of his options expiring next year, signaling an end to his stock sales. Its shares dropped 0.21% but were still on course to end about 54% for the year.Volume on U.S. exchanges was 7.89 billion shares, compared with the 11.15 billion average for the full session over the last 20 trading days.Advancing issues outnumbered declining ones on the NYSE by a 1.20-to-1 ratio; on Nasdaq, a 1.43-to-1 ratio favored decliners.The S&P 500 posted 76 new 52-week highs and no new lows; the Nasdaq Composite recorded 77 new highs and 374 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003031257,"gmtCreate":1640823056301,"gmtModify":1676533544500,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003031257","repostId":"1173190687","repostType":4,"repost":{"id":"1173190687","pubTimestamp":1640820257,"share":"https://ttm.financial/m/news/1173190687?lang=&edition=fundamental","pubTime":"2021-12-30 07:24","market":"us","language":"en","title":"Intel Sells SSD Business and Dalian Facility to SK hynix","url":"https://stock-news.laohu8.com/highlight/detail?id=1173190687","media":"Businesswire","summary":"SANTA CLARA, Calif.--(BUSINESS WIRE)--Intel Corporation today announced it has completed the first c","content":"<html><head></head><body><p>SANTA CLARA, Calif.--(BUSINESS WIRE)--Intel Corporation today announced it has completed the first closing of the sale of its NAND and SSD business, selling its SSD business (including the transfer of certain NAND SSD-associated intellectual properties (IP) and employees) and the Dalian NAND memory manufacturing facility in China to Seoul-based SK hynix. In exchange, SK hynix will pay Intel US$7 billion in consideration.The dea lwas announced Oct. 19, 2020.</p><p>Intel will continue to manufacture NAND wafers at SK hynix’s Dalian memory manufacturing facility and retain certain IP related to the manufacture and design of NAND flash wafers until the final closing of the transaction. The final closing is expected to occur in or after March 2025, when SK hynix will acquire from Intel the remaining NAND business assets, including certain IP related to the manufacture and design of NAND flash wafers, R&amp;D employees and the Dalian fab workforce, for US$2 billion.</p><p>The SSD business will transition to a newly formed company, Solidigm, a subsidiary of SK hynix. Solidigm, whose name reflects a new paradigm in solid-state storage, will name Robert (Rob) B. Crooke as CEO. Crooke was previously senior vice president and general manager of Intel’s Non-Volatile Memory Solutions Group. Solidigm will have its headquarters in San Jose, California.</p><p>As previously disclosed, Intel intends to invest transaction proceeds to deliver leadership products and advance its long-term growth priorities.</p><p>Intel shares fell 0.44% in after-hours trading.<img src=\"https://static.tigerbbs.com/8fe0ee071b869baff53a040eb60bf257\" tg-width=\"728\" tg-height=\"594\" width=\"100%\" height=\"auto\"/></p></body></html>","source":"lsy1584686423112","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel Sells SSD Business and Dalian Facility to SK hynix</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel Sells SSD Business and Dalian Facility to SK hynix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-30 07:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesswire.com/news/home/20211229005403/en/Intel-Sells-SSD-Business-and-Dalian-Facility-to-SK-hynix><strong>Businesswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SANTA CLARA, Calif.--(BUSINESS WIRE)--Intel Corporation today announced it has completed the first closing of the sale of its NAND and SSD business, selling its SSD business (including the transfer of...</p>\n\n<a href=\"https://www.businesswire.com/news/home/20211229005403/en/Intel-Sells-SSD-Business-and-Dalian-Facility-to-SK-hynix\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.businesswire.com/news/home/20211229005403/en/Intel-Sells-SSD-Business-and-Dalian-Facility-to-SK-hynix","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173190687","content_text":"SANTA CLARA, Calif.--(BUSINESS WIRE)--Intel Corporation today announced it has completed the first closing of the sale of its NAND and SSD business, selling its SSD business (including the transfer of certain NAND SSD-associated intellectual properties (IP) and employees) and the Dalian NAND memory manufacturing facility in China to Seoul-based SK hynix. In exchange, SK hynix will pay Intel US$7 billion in consideration.The dea lwas announced Oct. 19, 2020.Intel will continue to manufacture NAND wafers at SK hynix’s Dalian memory manufacturing facility and retain certain IP related to the manufacture and design of NAND flash wafers until the final closing of the transaction. The final closing is expected to occur in or after March 2025, when SK hynix will acquire from Intel the remaining NAND business assets, including certain IP related to the manufacture and design of NAND flash wafers, R&D employees and the Dalian fab workforce, for US$2 billion.The SSD business will transition to a newly formed company, Solidigm, a subsidiary of SK hynix. Solidigm, whose name reflects a new paradigm in solid-state storage, will name Robert (Rob) B. Crooke as CEO. Crooke was previously senior vice president and general manager of Intel’s Non-Volatile Memory Solutions Group. Solidigm will have its headquarters in San Jose, California.As previously disclosed, Intel intends to invest transaction proceeds to deliver leadership products and advance its long-term growth priorities.Intel shares fell 0.44% in after-hours trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158991742,"gmtCreate":1625119156586,"gmtModify":1703736536952,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Hopefully this is true and will rocket soon","listText":"Hopefully this is true and will rocket soon","text":"Hopefully this is true and will rocket soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158991742","repostId":"158900981","repostType":1,"repost":{"id":158900981,"gmtCreate":1625117665943,"gmtModify":1703736516608,"author":{"id":"3573943942927358","authorId":"3573943942927358","name":"Ola5528","avatar":"https://static.tigerbbs.com/80f475dff1b8107d8a24e19220f0038d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573943942927358","authorIdStr":"3573943942927358"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>This is in consolidation mode, I’m still holding on because I believe it when the breakout comes, it will be explosive! ???","listText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>This is in consolidation mode, I’m still holding on because I believe it when the breakout comes, it will be explosive! ???","text":"$ContextLogic Inc.(WISH)$This is in consolidation mode, I’m still holding on because I believe it when the breakout comes, it will be explosive! ???","images":[{"img":"https://static.tigerbbs.com/42de1dda93bd44c4bbb446a6d2ffdb95","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158900981","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":464,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123060347,"gmtCreate":1624403803989,"gmtModify":1703835444416,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/123060347","repostId":"1118580429","repostType":4,"repost":{"id":"1118580429","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":1624376537,"share":"https://ttm.financial/m/news/1118580429?lang=&edition=fundamental","pubTime":"2021-06-22 23:42","market":"us","language":"en","title":"Krispy Kreme eyes near $4 bln valuation in U.S. IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1118580429","media":"Reuters","summary":"June 22 (Reuters) - Krispy Kreme Inc is looking to raise as much as $640 million through a U.S. init","content":"<p>June 22 (Reuters) - Krispy Kreme Inc is looking to raise as much as $640 million through a U.S. initial public offering, according to a regulatory filing on Tuesday, valuing the donut chain at nearly $4 billion. (Reporting by Sohini Podder in Bengaluru; Editing by Krishna Chandra Eluri)</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>Krispy Kreme eyes near $4 bln valuation in U.S. IPO</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\">\nKrispy Kreme eyes near $4 bln valuation in U.S. IPO\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\">2021-06-22 23:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>June 22 (Reuters) - Krispy Kreme Inc is looking to raise as much as $640 million through a U.S. initial public offering, according to a regulatory filing on Tuesday, valuing the donut chain at nearly $4 billion. (Reporting by Sohini Podder in Bengaluru; Editing by Krishna Chandra Eluri)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DNUT":"Krispy Kreme, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118580429","content_text":"June 22 (Reuters) - Krispy Kreme Inc is looking to raise as much as $640 million through a U.S. initial public offering, according to a regulatory filing on Tuesday, valuing the donut chain at nearly $4 billion. (Reporting by Sohini Podder in Bengaluru; Editing by Krishna Chandra Eluri)","news_type":1},"isVote":1,"tweetType":1,"viewCount":615,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163235163,"gmtCreate":1623885818552,"gmtModify":1703822310860,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163235163","repostId":"2144270718","repostType":4,"repost":{"id":"2144270718","pubTimestamp":1623879249,"share":"https://ttm.financial/m/news/2144270718?lang=&edition=fundamental","pubTime":"2021-06-17 05:34","market":"us","language":"en","title":"Fed Sees Two Rate Hikes by End of 2023, Inches Towards Taper","url":"https://stock-news.laohu8.com/highlight/detail?id=2144270718","media":"Bloomberg","summary":"Thirteen of 18 officials see at least one rate hike in 2023\nPowell says Fed to begin discussing scal","content":"<ul>\n <li>Thirteen of 18 officials see at least one rate hike in 2023</li>\n <li>Powell says Fed to begin discussing scaling back bond buying</li>\n</ul>\n<p>Federal Reserve officials sped up their expected pace of policy tightening amid optimism about the labor market and heightened concerns for inflation.</p>\n<p>Fed Chair Jerome Powell told a press conference Wednesday that officials would begin a discussion about scaling back bond purchases used to support financial markets and the economy during the pandemic.</p>\n<p>They also released forecasts that show they anticipate two interest-rate increases by the end of 2023 -- sooner than many thought -- and they upgraded estimates for inflation for the next three years.</p>\n<p>“The economy has clearly made progress,” Powell said after a two-day gathering of the Federal Open Market Committee. “You can think of this meeting as the talking-about-talking-about meeting, if you like,” he added, referring to the discussion about tapering purchases.</p>\n<p><img src=\"https://static.tigerbbs.com/b2eca74e7277de2e0f189f2489e9069e\" tg-width=\"1367\" tg-height=\"616\"></p>\n<p>The central bank&nbsp;held the target range&nbsp;for its benchmark policy rate unchanged at zero to 0.25%, where it’s been since March 2020, and maintained the $120 billion pace of its monthly bond purchases. The Federal Open Market Committee vote was unanimous.</p>\n<p>The more aggressive signal from the Fed’s forecasts saw the dollar rise, stocks decline and yields on 10-year Treasuries jump.</p>\n<p>“It’s a hawkish surprise,” said Thomas Costerg, senior U.S. economist at Pictet Wealth Management, referring to the rate projections. “We are looking at a Fed that seems positively surprised by the speed of vaccinations and the ongoing withdrawal of social-distancing measures.”</p>\n<p>The quarterly projections showed 13 of 18 officials favored at least one rate increase by the end of 2023, versus seven in March. Eleven officials saw at least two hikes by the end of that year. In addition, seven of them saw a move as early as 2022, up from four.</p>\n<p>“The dots should be taken with a big grain of salt,” Powell said, referring to the interest-rate forecasts. He cautioned that discussions about raising rates would be “highly premature.”</p>\n<p>The Fed marked up its inflation forecasts through the end of 2023. Officials see their preferred measure of price pressures rising 3.4% in 2021 compared with a March projection of 2.4%. The 2022 forecast rose to 2.1% from 2%, and the 2023 estimate was raised to 2.2% from 2.1%.</p>\n<p>Consumer-price pressures have proven hotter than expected over the last two months. Labor Department figures showed a 0.8% jump in prices in April and a 0.6% rise in May, marking the two biggest monthly increases since 2009.</p>\n<p><img src=\"https://static.tigerbbs.com/b6a86414293205edfd0f505fd64c5ef7\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“As the reopening continues, shifts in demand can be large and rapid, and bottlenecks, hiring difficulties and other constraints could continue to limit how quickly supply can adjust -- raising the possibility that inflation could turn out to be higher and more persistent than we expect,” Powell said.</p>\n<p>Labor Department reports on employment published since the last gathering of the FOMC in late April, on the other hand, have disappointed relative to forecasters’ expectations. The U.S. unemployment rate was still elevated at 5.8% in May, with total employment still millions of jobs below pre-pandemic levels.</p>\n<p>Even so, the FOMC median projection for unemployment in the fourth quarter of 2021 was unchanged at 4.5%, and the median estimate for the same quarter a year later was marked down to 3.8% from 3.9%. The 2023 forecast was held at 3.5%.</p>\n<p>“I am confident that we are on a path to a very strong labor market,” Powell told reporters. “We learned during the course of the last very long expansion, the longest in our history, that labor supply during a long expansion can exceed expectations.”</p>\n<p><b>GDP Forecasts</b></p>\n<p>The U.S. economic recovery is gathering strength as business restrictions lift and social activity increases across the country. Robust demand from consumers and businesses alike has outstripped capacity, leading to bottlenecks in the supply chain, longer lead times and higher prices.</p>\n<p>Fed officials have said such “fits and starts” are to be expected given the unprecedented nature of the pandemic and expressed optimism about the outlook for the second half of the year as more Americans get vaccinated.</p>\n<p>The FOMC raised its projections for economic growth. Gross domestic product was seen expanding 7% this year, up from a prior projection of 6.5%. It maintained the 2022 expansion forecast at 3.3% and raised the 2023 estimate to 2.4% from March’s 2.2%.</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>Fed Sees Two Rate Hikes by End of 2023, Inches Towards Taper</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\">\nFed Sees Two Rate Hikes by End of 2023, Inches Towards Taper\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 05:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-16/fed-holds-rates-at-zero-projects-two-hikes-by-the-end-of-2023?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Thirteen of 18 officials see at least one rate hike in 2023\nPowell says Fed to begin discussing scaling back bond buying\n\nFederal Reserve officials sped up their expected pace of policy tightening ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-16/fed-holds-rates-at-zero-projects-two-hikes-by-the-end-of-2023?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-16/fed-holds-rates-at-zero-projects-two-hikes-by-the-end-of-2023?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144270718","content_text":"Thirteen of 18 officials see at least one rate hike in 2023\nPowell says Fed to begin discussing scaling back bond buying\n\nFederal Reserve officials sped up their expected pace of policy tightening amid optimism about the labor market and heightened concerns for inflation.\nFed Chair Jerome Powell told a press conference Wednesday that officials would begin a discussion about scaling back bond purchases used to support financial markets and the economy during the pandemic.\nThey also released forecasts that show they anticipate two interest-rate increases by the end of 2023 -- sooner than many thought -- and they upgraded estimates for inflation for the next three years.\n“The economy has clearly made progress,” Powell said after a two-day gathering of the Federal Open Market Committee. “You can think of this meeting as the talking-about-talking-about meeting, if you like,” he added, referring to the discussion about tapering purchases.\n\nThe central bank held the target range for its benchmark policy rate unchanged at zero to 0.25%, where it’s been since March 2020, and maintained the $120 billion pace of its monthly bond purchases. The Federal Open Market Committee vote was unanimous.\nThe more aggressive signal from the Fed’s forecasts saw the dollar rise, stocks decline and yields on 10-year Treasuries jump.\n“It’s a hawkish surprise,” said Thomas Costerg, senior U.S. economist at Pictet Wealth Management, referring to the rate projections. “We are looking at a Fed that seems positively surprised by the speed of vaccinations and the ongoing withdrawal of social-distancing measures.”\nThe quarterly projections showed 13 of 18 officials favored at least one rate increase by the end of 2023, versus seven in March. Eleven officials saw at least two hikes by the end of that year. In addition, seven of them saw a move as early as 2022, up from four.\n“The dots should be taken with a big grain of salt,” Powell said, referring to the interest-rate forecasts. He cautioned that discussions about raising rates would be “highly premature.”\nThe Fed marked up its inflation forecasts through the end of 2023. Officials see their preferred measure of price pressures rising 3.4% in 2021 compared with a March projection of 2.4%. The 2022 forecast rose to 2.1% from 2%, and the 2023 estimate was raised to 2.2% from 2.1%.\nConsumer-price pressures have proven hotter than expected over the last two months. Labor Department figures showed a 0.8% jump in prices in April and a 0.6% rise in May, marking the two biggest monthly increases since 2009.\n\n“As the reopening continues, shifts in demand can be large and rapid, and bottlenecks, hiring difficulties and other constraints could continue to limit how quickly supply can adjust -- raising the possibility that inflation could turn out to be higher and more persistent than we expect,” Powell said.\nLabor Department reports on employment published since the last gathering of the FOMC in late April, on the other hand, have disappointed relative to forecasters’ expectations. The U.S. unemployment rate was still elevated at 5.8% in May, with total employment still millions of jobs below pre-pandemic levels.\nEven so, the FOMC median projection for unemployment in the fourth quarter of 2021 was unchanged at 4.5%, and the median estimate for the same quarter a year later was marked down to 3.8% from 3.9%. The 2023 forecast was held at 3.5%.\n“I am confident that we are on a path to a very strong labor market,” Powell told reporters. “We learned during the course of the last very long expansion, the longest in our history, that labor supply during a long expansion can exceed expectations.”\nGDP Forecasts\nThe U.S. economic recovery is gathering strength as business restrictions lift and social activity increases across the country. Robust demand from consumers and businesses alike has outstripped capacity, leading to bottlenecks in the supply chain, longer lead times and higher prices.\nFed officials have said such “fits and starts” are to be expected given the unprecedented nature of the pandemic and expressed optimism about the outlook for the second half of the year as more Americans get vaccinated.\nThe FOMC raised its projections for economic growth. Gross domestic product was seen expanding 7% this year, up from a prior projection of 6.5%. It maintained the 2022 expansion forecast at 3.3% and raised the 2023 estimate to 2.4% from March’s 2.2%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":349,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187977413,"gmtCreate":1623737929732,"gmtModify":1704210035405,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Good for long term","listText":"Good for long term","text":"Good for long term","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187977413","repostId":"1140381227","repostType":4,"repost":{"id":"1140381227","pubTimestamp":1623736805,"share":"https://ttm.financial/m/news/1140381227?lang=&edition=fundamental","pubTime":"2021-06-15 14:00","market":"us","language":"en","title":"Why Adobe Could Be Worth $590: A Promising Look Ahead Of Q2 Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=1140381227","media":"seekingalpha","summary":"Summary\n\nDespite rising over 8% in the past week ahead of earnings, there is still room for upside i","content":"<p><b>Summary</b></p>\n<ul>\n <li>Despite rising over 8% in the past week ahead of earnings, there is still room for upside in Adobe stock.</li>\n <li>The firm is well-positioned to benefit from trends in the immediate future and beyond.</li>\n <li>Adobe’s scale and dominance will allow it to continue to thrive and benefit from rapid growth in its total addressable market across its diverse products.</li>\n <li>Strong Q2 earnings could be the catalyst to push the stock over $600.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c4641d2a64b72a5def91db89c766c634\" tg-width=\"1536\" tg-height=\"1023\" referrerpolicy=\"no-referrer\"><span>hapabapa/iStock Editorial via Getty Images</span></p>\n<p><b>I. Investment Thesis</b></p>\n<p>Despite rallying well over 8% in the past week ahead of earnings, there is still room for upside in Adobe Inc. (NASDAQ:ADBE) stock.</p>\n<p>Adobe's historical success with execution of a transition to a cloud-based subscription model will continue to drive strong revenue growth.</p>\n<p>The firm is also well-positioned to benefit from trends in the immediate future and beyond, however, many of these trends and growth opportunities are unrecognized.</p>\n<p>Adobe's scale and dominance will allow it to continue to thrive and benefit from rapid growth in its total addressable market across its diverse products.</p>\n<p>Lastly, strong Q2 earnings could be the catalyst to push the stock over $600 in a bull scenario.</p>\n<p><b>II. Company Overview</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f64603318c032d51062fefbac14e0a4\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>Adobe operates worldwide, offering software and services used by professionals, marketers, students, and more for creating, managing, measuring, and engaging with compelling content and experiences. As of&nbsp;Q1 FY 2021, the firm generates their revenue from three main segments: Digital Media (~73% of revenues), Digital Experience (~24%), and Publishing &amp; Advertising (~3%).</p>\n<p>The digital media segment includes their most well-known product, Creative Cloud, as well as Document Cloud. Creative Cloud is a diverse toolkit built for creating, publishing, and promoting digital content. Some of the most well-known applications include Photoshop and Illustrator. Adobe Document Cloud is gaining momentum against pure-play firms like DocuSign and is becoming a fierce competitor, especially with regard to small and medium-sized businesses.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0cc4cdfcefc85d46031470ea14b0b96\" tg-width=\"640\" tg-height=\"534\"><span>(Figure 2.1: All Adobe Creative Cloud and Document Cloud tools. Source:Adobe Investor Relations)</span></p>\n<p>The Digital Experience Cloud is designed to help users manage, measure, automate, and optimize customer experiences and customer engagement. Adobe has done a great job expanding into various industries through this segment, including retail, media, financial services, technology, education, and more. The segment has been slowly increasing in size and can be expected to provide long-term support to Adobe's strong revenue growth.</p>\n<p>The third segment, formerly known as Print &amp; Publishing, was renamed last quarter to \"Publishing &amp; Advertising\", as Adobe shifted the revenues from their advertising portion of Digital Experience to this new segment. With the demand of print on the decline, this reclassification allows for a more accurate balance of product divisions. With data from only one quarter of this new classification, it's hard to evaluate the performance of advertising, but there should be more clarity over the next few quarters.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87624e36a52106e31d0d80466051fbed\" tg-width=\"640\" tg-height=\"306\"><span>(Figure 2.2: Some large organizations and industries using Experience Cloud. Source: Personal Pitch Deck;Adobe Financial Analyst Meeting 2020 Slides, Adobe Investor Relations)</span></p>\n<p><b>III. Growth Drivers1) Digital Business Transformation</b></p>\n<p>Historically, Adobe has been one of the most successful firms in migrating a user base from a traditional one-time license-based model to a cloud-based subscription revenue model. A cloud-based subscription model is extremely crucial as it allows technology firms to see more stability in future revenue streams. As of last quarter, Adobe generates approximately 83% of revenues through a recurring stream. For analysts and investors, this gives confidence and a much clearer indication as to the quality and consistency of cash flows. It also allows cloud firms to strengthen margins and benefit from scale, which we already see with Adobe. Subscription revenues are derived from the Digital Media and Digital Experience segments, and the new Publishing &amp; Advertising Segment (not accounted for below).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae29c71332820c9ea3bc7feb3e34f3f4\" tg-width=\"612\" tg-height=\"287\"><span>(Figure 3.1: Subscription Revenue by Segment &amp; Growth. Source: Personal Financial Model;Adobe 10-Qs and 10-Ks 2017-2021)</span></p>\n<p>Annualized recurring revenue, a more software industry-specific metric, sheds light on how much revenue the firm generates over the course of a year that is guaranteed to occur again. This value doesn't just tell us how much revenue is generated from subscriptions and contracts, but also roughly the net value of expansions and churn. As ARR growth continues to be positive, we see that a) more customers are paying for services each year, and b) customers are on average spending more with Adobe. Essentially, net expansions are outweighing churn, which could mean either a) or b) above, or a mix of both. Since the quantifiable values of net expansion and churn are not readily available in public filings, it is too difficult to explore this avenue further.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/94c83308896f43725bd3fa575223afd3\" tg-width=\"640\" tg-height=\"315\"><span>(Figure 3.2: ARR and % Growth. Source: Personal Financial Model; Adobe 10-Qs and 10-Ks 2017-2021)</span></p>\n<p>Even with a plateau of subscription and ARR growth, we are seeing &gt;20% YoY revenue growth for a large-cap firm that has been a leader in the industry for well over a decade. The customer transition to the new revenue model is essentially complete and has consistently outperformed expectations, with stronger comparable margins across the board as Adobe continues to dominate in scale.</p>\n<p><b>2) Advertising, Analytics, &amp; New Tech</b></p>\n<p>Various profitable digital and marketing-related trends of 2021 and into the future include e-commerce, analytics, AI &amp; automation, augmented reality, and virtual reality. We typically see large software firms position themselves to benefit from tailwinds through R&amp;D to strengthen innovation, or M&amp;A to expand market share and product diversification.</p>\n<p>Adobe has recently completed over a dozen strategic acquisitions and investments that revolve around these key areas. The firm is taking care to ensure their most recent acquisitions will be effectively integrated into their respective platforms to set up strong market positioning. At the end of last year, we heard from management that the team was most likely not planning any large acquisitions in 2021, mainly because 1) speculative software is trading at high multiples and is overvalued, and 2) so they can focus on working with what they currently have.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b3d4103feae0e6b47c7e25cb538ad6a8\" tg-width=\"640\" tg-height=\"268\"><span>(Figure 3.3: Acquisitions &amp; Investments, 2018-2021. Source: Bloomberg)</span></p>\n<p>Spending about 17% of revenues on R&amp;D as of last quarter, the firm has utilized their capital efficiently to foster innovation and a competitive edge. Adobe most recently has worked to expand the breadth of their Creative Cloud tools - especially ones designed for mobile devices - to increase the appeal of their products to different user groups in new or unique markets.</p>\n<p>Effective use of capital towards R&amp;D and M&amp;A initiatives led by strong margins and cash flows should allow the company to gain traction in new verticals and continue to accelerate revenue growth in the subscription segment.</p>\n<p><b>3) Market and Global Opportunity</b></p>\n<p>As the firm shed light on its Total Addressable Market [TAM] for the next few years in its financial analyst meeting of 2020, Adobe has huge plans to capture diverse user groups to an expanding TAM in Creative Cloud, Document Cloud, and Experience Cloud by 2023 - their largest areas for growth. The projected TAM in these segments from 2021 to 2023 has grown 40.4%*, 180.0%*, and 19.4%*, respectively. We see Adobe has the largest potential in its Digital Media segment through Creative Cloud and Document Cloud, although the market for its Experience Cloud has still grown modestly. In the figures below, we take a look at some of these numbers, and some of the plans outlined by Adobe.</p>\n<p><i>(* - numbers calculated from financial analyst meeting slides from2018,2019, and2020, respectively)</i></p>\n<p><img src=\"https://static.tigerbbs.com/78c05a2d3b73284773f38278b989864a\" tg-width=\"640\" tg-height=\"339\" referrerpolicy=\"no-referrer\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9cbbdf4bdb593b40ba4be71e3483ac91\" tg-width=\"640\" tg-height=\"340\"><span>(Figures 3.4, 3.5, &amp; 3.6: Total Addressable Market, various product lines. Source: Financial Analyst Meeting 2020 Slides, Adobe Investor Relations)</span></p>\n<p>Adobe's product depth, market share, customer loyalty, and high brand recognition for their flagship creative software over the past two decades make a strong case as to why the firm can be expected to successfully execute its intermediate-term growth strategies. Adobe is positioned well to benefit from growth in the total addressable market for all three segments and specific products.</p>\n<p>We have seen from earlier mentions of Adobe's expansion into key areas that they have already been successful in penetrating markets with web and mobile-based tools, and increased adoption of 3D development. This reinforces my view of Adobe's ability to continue to capture a larger share of the total addressable market for its Creative Cloud.</p>\n<p>The firm's deep customer loyalty and brand recognition will allow the firm to continue to grab larger shares of the CRM market with their Experience Cloud platform as the company continues to expand further into unique industries like healthcare and education.</p>\n<p>In this section, I'd also like to explore the importance of strong margins a bit further. According to Bloomberg data, Adobe's subscription revenue (which is generated from its cloud-based business) achieved a gross margin of 91% last quarter. If we look back to 2009, before Adobe began their transition to a cloud-based model, gross margin from subscription revenue was ~35%. For Salesforce (NYSE:CRM), another large-cap application software firm, gross margin last quarter from subscription was ~80%. Previously to their cloud model, in 2008, Salesforce's gross margin for the segment was ~87%.</p>\n<p>My conclusion is that a company like Salesforce has struggled to execute a long-term cloud strategy that would allow them to truly benefit from scale. With the growth in gross margin for Adobe from 35% to 91% (a 160% increase) from 2009 to 2021, this means that cost of revenue for subscription and cloud-based services has been decreasing proportionally, which makes sense for a strategy that has been executed successfully. Essentially, this gives firms like Adobe the upper hand with the ability to reinvest more capital into the business to achieve its strategic initiatives, such as those outlined in their financial analyst meeting slides above.</p>\n<p>Next is global opportunity. As consumer confidence continues to increase, Global IT Spending is already on the rebound, benefitting Adobe nicely. Results for Q1 FY2021 gave insight toward how enterprises are increasing software spending again post-pandemic, with total revenue up about 26% over the previous quarter. This, along with Adobe's solid performance during the pandemic, prove how strong the company's fundamentals really are.</p>\n<p>Furthermore, Adobe currently generates ~58% of revenues from the Americas, which means that they already have proven success in other areas globally. If Adobe can increase exposure specifically in EMEA it can be lucrative as emerging markets are expected to outperform and benefit from increased foreign investment. There is more to be explored in this area of expansion.</p>\n<p><b>IV. Major Risks</b></p>\n<p>Although subscription growth is beginning to plateau at about 20% YoY, in the next few years, it may begin to decline. This means Adobe must work harder in gaining a competitive edge, most likely through M&amp;A and R&amp;D. If Adobe does not effectively integrate its acquisitions into its platforms, it can impact margins short-term and prove to be inefficient use of capital. With a strong cash flow and relatively small debt load, even in this scenario, I don't believe it would impact Adobe's ability to generate cash flows intermediate to long term.</p>\n<p>According to an analysis of Porter's Five Forces, the application software subsector has a high degree of competition and a medium threat of substitutes. Currently, Salesforce dominates the relationship management space. Adobe is gaining traction, but due to the long enterprise sales cycle nature of the industry, there may be a lag in a shift to an environment that is more favorable for Adobe's Experience Cloud growth. Therefore, stock price may not accurately reflect the success of this segment immediately.</p>\n<p>Software products are reliant on the same enterprise IT budget of a given firm. Adobe and other large-cap application software firms may have to develop a strategy to reduce costs and pricing short-term. However, with strong roots in the industry, a successful business model, and a long sales cycle, I don't see this having a huge impact on Adobe's market share.</p>\n<p>Although consumer confidence has continued to increase post-pandemic, there are still unprecedented effects that are unexpected and cannot be measured. If Global IT Spending does not rebound as quickly as expected, Adobe may continue to see quarters of unexpectedly slow growth. This is most damaging for companies that rely on large enterprise spending. However, the technology firms that seem to be benefitting the most from the pandemic and lockdown orders are cloud-based software.</p>\n<p><b>V. Valuation</b></p>\n<p><b>1) Comparative Valuation</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb5f13cdb163707d91d814d480a77cb4\" tg-width=\"563\" tg-height=\"292\"><span>(Figure 4.1: Comparable Analysis. Source: Bloomberg)</span></p>\n<p>Starting with a quick comparative analysis, we see that Adobe is trading at a slight discount to its peers. In an industry that is highly speculative, Adobe provides an investment in a stock with less risk and solid returns.</p>\n<p>An interesting analysis I conducted was a comparison of R&amp;D expenditures to future projected revenue growth to get insight as to how efficient software firms are at utilizing their profits to focus on firm growth. In an industry where differentiation and innovation are key, I thought this concept would be interesting to observe. The graph below displays the top 25 application software firms, by market cap. Essentially, any firm above the line is currently using their capital efficiently towards greater growth, while those below the line are not using their capital efficiently. Comparing the findings of this graph with the risk vs. return of stocks above the line, we further see that Adobe is a solid long-term pick.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f7b2e34e56a06154b15bbe16a9936cf1\" tg-width=\"640\" tg-height=\"346\"><span>(Figure 4.2: R&amp;D vs. Future Revenue Growth Forecast. Source: Bloomberg; Personal Pitch Deck)</span></p>\n<p><b>2) Intrinsic Valuation</b></p>\n<p>The first set of calculations was forecasting future revenue streams of the business segments. Based on my research and assumptions, I used a weighted moving average to calculate growth rates, then used a regression of historical market and industry growth expectations to adjust the top-line revenue estimates. The rest of the model was built upon a mix of more industry expectations, as well as assumptions, estimates, and long-term goals set forth by management.</p>\n<p>I calculated a discount rate of 6.87%, which was used to discount the projected cash flows until 2025. To calculate the present value of the cash flows of 2026-beyond, I used the perpetual growth rate method, and based on my concluding research, assumed a perpetual growth rate of 3.5%. This brought me to a 12-month PT of ~$590.</p>\n<p>In a bull case scenario where revenue growth exceeds 20% YoY from 2022-2025, or where the perpetual growth rate assumed in the model is changed to 4.0%, we see the price target soaring above $600.</p>\n<p>When initially developing my model and report, Adobe stock was ~$485. However, we've seen a run up of the price over the past few days, from about $515 to surpassing $550. It is typical to see a rally in tech stocks before their earnings, which deflates the potential return. This means that there may be a solid entry point immediately post-earnings, depending on if the price drops or not.</p>\n<p>Furthermore, this does not consider Adobe's share buyback plan that was authorized, which would increase the value of shares and earnings. I think that Q2 earnings should provide more clarity.</p>\n<p><b>VI. Conclusion</b></p>\n<p>Adobe has seen major success in growth and scale, which will support its strategic initiatives. The firm has proven to be a leader in 2021 macroeconomic and software industry trends, which will provide tailwinds for growth of its subscription-based segments.</p>\n<p>With inflation fears, right now is the time to shift investments diversified across technology to more fundamentally stable large-cap firms, like Adobe, to combat uncertainty. I think there should be an optimal entry point immediately post-earnings, unless earnings drive the price higher after-hours. Regardless, as a growth prospect with proven cash flows and healthy margins, I see any entry in Adobe as a solid-long term pick that is less speculative of a play.</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 Adobe Could Be Worth $590: A Promising Look Ahead Of Q2 Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Adobe Could Be Worth $590: A Promising Look Ahead Of Q2 Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 14:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4434786-why-adobe-stock-could-be-worth-590-dollars><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nDespite rising over 8% in the past week ahead of earnings, there is still room for upside in Adobe stock.\nThe firm is well-positioned to benefit from trends in the immediate future and beyond...</p>\n\n<a href=\"https://seekingalpha.com/article/4434786-why-adobe-stock-could-be-worth-590-dollars\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ADBE":"Adobe"},"source_url":"https://seekingalpha.com/article/4434786-why-adobe-stock-could-be-worth-590-dollars","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140381227","content_text":"Summary\n\nDespite rising over 8% in the past week ahead of earnings, there is still room for upside in Adobe stock.\nThe firm is well-positioned to benefit from trends in the immediate future and beyond.\nAdobe’s scale and dominance will allow it to continue to thrive and benefit from rapid growth in its total addressable market across its diverse products.\nStrong Q2 earnings could be the catalyst to push the stock over $600.\n\nhapabapa/iStock Editorial via Getty Images\nI. Investment Thesis\nDespite rallying well over 8% in the past week ahead of earnings, there is still room for upside in Adobe Inc. (NASDAQ:ADBE) stock.\nAdobe's historical success with execution of a transition to a cloud-based subscription model will continue to drive strong revenue growth.\nThe firm is also well-positioned to benefit from trends in the immediate future and beyond, however, many of these trends and growth opportunities are unrecognized.\nAdobe's scale and dominance will allow it to continue to thrive and benefit from rapid growth in its total addressable market across its diverse products.\nLastly, strong Q2 earnings could be the catalyst to push the stock over $600 in a bull scenario.\nII. Company Overview\nData by YCharts\nAdobe operates worldwide, offering software and services used by professionals, marketers, students, and more for creating, managing, measuring, and engaging with compelling content and experiences. As of Q1 FY 2021, the firm generates their revenue from three main segments: Digital Media (~73% of revenues), Digital Experience (~24%), and Publishing & Advertising (~3%).\nThe digital media segment includes their most well-known product, Creative Cloud, as well as Document Cloud. Creative Cloud is a diverse toolkit built for creating, publishing, and promoting digital content. Some of the most well-known applications include Photoshop and Illustrator. Adobe Document Cloud is gaining momentum against pure-play firms like DocuSign and is becoming a fierce competitor, especially with regard to small and medium-sized businesses.\n(Figure 2.1: All Adobe Creative Cloud and Document Cloud tools. Source:Adobe Investor Relations)\nThe Digital Experience Cloud is designed to help users manage, measure, automate, and optimize customer experiences and customer engagement. Adobe has done a great job expanding into various industries through this segment, including retail, media, financial services, technology, education, and more. The segment has been slowly increasing in size and can be expected to provide long-term support to Adobe's strong revenue growth.\nThe third segment, formerly known as Print & Publishing, was renamed last quarter to \"Publishing & Advertising\", as Adobe shifted the revenues from their advertising portion of Digital Experience to this new segment. With the demand of print on the decline, this reclassification allows for a more accurate balance of product divisions. With data from only one quarter of this new classification, it's hard to evaluate the performance of advertising, but there should be more clarity over the next few quarters.\n(Figure 2.2: Some large organizations and industries using Experience Cloud. Source: Personal Pitch Deck;Adobe Financial Analyst Meeting 2020 Slides, Adobe Investor Relations)\nIII. Growth Drivers1) Digital Business Transformation\nHistorically, Adobe has been one of the most successful firms in migrating a user base from a traditional one-time license-based model to a cloud-based subscription revenue model. A cloud-based subscription model is extremely crucial as it allows technology firms to see more stability in future revenue streams. As of last quarter, Adobe generates approximately 83% of revenues through a recurring stream. For analysts and investors, this gives confidence and a much clearer indication as to the quality and consistency of cash flows. It also allows cloud firms to strengthen margins and benefit from scale, which we already see with Adobe. Subscription revenues are derived from the Digital Media and Digital Experience segments, and the new Publishing & Advertising Segment (not accounted for below).\n(Figure 3.1: Subscription Revenue by Segment & Growth. Source: Personal Financial Model;Adobe 10-Qs and 10-Ks 2017-2021)\nAnnualized recurring revenue, a more software industry-specific metric, sheds light on how much revenue the firm generates over the course of a year that is guaranteed to occur again. This value doesn't just tell us how much revenue is generated from subscriptions and contracts, but also roughly the net value of expansions and churn. As ARR growth continues to be positive, we see that a) more customers are paying for services each year, and b) customers are on average spending more with Adobe. Essentially, net expansions are outweighing churn, which could mean either a) or b) above, or a mix of both. Since the quantifiable values of net expansion and churn are not readily available in public filings, it is too difficult to explore this avenue further.\n(Figure 3.2: ARR and % Growth. Source: Personal Financial Model; Adobe 10-Qs and 10-Ks 2017-2021)\nEven with a plateau of subscription and ARR growth, we are seeing >20% YoY revenue growth for a large-cap firm that has been a leader in the industry for well over a decade. The customer transition to the new revenue model is essentially complete and has consistently outperformed expectations, with stronger comparable margins across the board as Adobe continues to dominate in scale.\n2) Advertising, Analytics, & New Tech\nVarious profitable digital and marketing-related trends of 2021 and into the future include e-commerce, analytics, AI & automation, augmented reality, and virtual reality. We typically see large software firms position themselves to benefit from tailwinds through R&D to strengthen innovation, or M&A to expand market share and product diversification.\nAdobe has recently completed over a dozen strategic acquisitions and investments that revolve around these key areas. The firm is taking care to ensure their most recent acquisitions will be effectively integrated into their respective platforms to set up strong market positioning. At the end of last year, we heard from management that the team was most likely not planning any large acquisitions in 2021, mainly because 1) speculative software is trading at high multiples and is overvalued, and 2) so they can focus on working with what they currently have.\n(Figure 3.3: Acquisitions & Investments, 2018-2021. Source: Bloomberg)\nSpending about 17% of revenues on R&D as of last quarter, the firm has utilized their capital efficiently to foster innovation and a competitive edge. Adobe most recently has worked to expand the breadth of their Creative Cloud tools - especially ones designed for mobile devices - to increase the appeal of their products to different user groups in new or unique markets.\nEffective use of capital towards R&D and M&A initiatives led by strong margins and cash flows should allow the company to gain traction in new verticals and continue to accelerate revenue growth in the subscription segment.\n3) Market and Global Opportunity\nAs the firm shed light on its Total Addressable Market [TAM] for the next few years in its financial analyst meeting of 2020, Adobe has huge plans to capture diverse user groups to an expanding TAM in Creative Cloud, Document Cloud, and Experience Cloud by 2023 - their largest areas for growth. The projected TAM in these segments from 2021 to 2023 has grown 40.4%*, 180.0%*, and 19.4%*, respectively. We see Adobe has the largest potential in its Digital Media segment through Creative Cloud and Document Cloud, although the market for its Experience Cloud has still grown modestly. In the figures below, we take a look at some of these numbers, and some of the plans outlined by Adobe.\n(* - numbers calculated from financial analyst meeting slides from2018,2019, and2020, respectively)\n\n(Figures 3.4, 3.5, & 3.6: Total Addressable Market, various product lines. Source: Financial Analyst Meeting 2020 Slides, Adobe Investor Relations)\nAdobe's product depth, market share, customer loyalty, and high brand recognition for their flagship creative software over the past two decades make a strong case as to why the firm can be expected to successfully execute its intermediate-term growth strategies. Adobe is positioned well to benefit from growth in the total addressable market for all three segments and specific products.\nWe have seen from earlier mentions of Adobe's expansion into key areas that they have already been successful in penetrating markets with web and mobile-based tools, and increased adoption of 3D development. This reinforces my view of Adobe's ability to continue to capture a larger share of the total addressable market for its Creative Cloud.\nThe firm's deep customer loyalty and brand recognition will allow the firm to continue to grab larger shares of the CRM market with their Experience Cloud platform as the company continues to expand further into unique industries like healthcare and education.\nIn this section, I'd also like to explore the importance of strong margins a bit further. According to Bloomberg data, Adobe's subscription revenue (which is generated from its cloud-based business) achieved a gross margin of 91% last quarter. If we look back to 2009, before Adobe began their transition to a cloud-based model, gross margin from subscription revenue was ~35%. For Salesforce (NYSE:CRM), another large-cap application software firm, gross margin last quarter from subscription was ~80%. Previously to their cloud model, in 2008, Salesforce's gross margin for the segment was ~87%.\nMy conclusion is that a company like Salesforce has struggled to execute a long-term cloud strategy that would allow them to truly benefit from scale. With the growth in gross margin for Adobe from 35% to 91% (a 160% increase) from 2009 to 2021, this means that cost of revenue for subscription and cloud-based services has been decreasing proportionally, which makes sense for a strategy that has been executed successfully. Essentially, this gives firms like Adobe the upper hand with the ability to reinvest more capital into the business to achieve its strategic initiatives, such as those outlined in their financial analyst meeting slides above.\nNext is global opportunity. As consumer confidence continues to increase, Global IT Spending is already on the rebound, benefitting Adobe nicely. Results for Q1 FY2021 gave insight toward how enterprises are increasing software spending again post-pandemic, with total revenue up about 26% over the previous quarter. This, along with Adobe's solid performance during the pandemic, prove how strong the company's fundamentals really are.\nFurthermore, Adobe currently generates ~58% of revenues from the Americas, which means that they already have proven success in other areas globally. If Adobe can increase exposure specifically in EMEA it can be lucrative as emerging markets are expected to outperform and benefit from increased foreign investment. There is more to be explored in this area of expansion.\nIV. Major Risks\nAlthough subscription growth is beginning to plateau at about 20% YoY, in the next few years, it may begin to decline. This means Adobe must work harder in gaining a competitive edge, most likely through M&A and R&D. If Adobe does not effectively integrate its acquisitions into its platforms, it can impact margins short-term and prove to be inefficient use of capital. With a strong cash flow and relatively small debt load, even in this scenario, I don't believe it would impact Adobe's ability to generate cash flows intermediate to long term.\nAccording to an analysis of Porter's Five Forces, the application software subsector has a high degree of competition and a medium threat of substitutes. Currently, Salesforce dominates the relationship management space. Adobe is gaining traction, but due to the long enterprise sales cycle nature of the industry, there may be a lag in a shift to an environment that is more favorable for Adobe's Experience Cloud growth. Therefore, stock price may not accurately reflect the success of this segment immediately.\nSoftware products are reliant on the same enterprise IT budget of a given firm. Adobe and other large-cap application software firms may have to develop a strategy to reduce costs and pricing short-term. However, with strong roots in the industry, a successful business model, and a long sales cycle, I don't see this having a huge impact on Adobe's market share.\nAlthough consumer confidence has continued to increase post-pandemic, there are still unprecedented effects that are unexpected and cannot be measured. If Global IT Spending does not rebound as quickly as expected, Adobe may continue to see quarters of unexpectedly slow growth. This is most damaging for companies that rely on large enterprise spending. However, the technology firms that seem to be benefitting the most from the pandemic and lockdown orders are cloud-based software.\nV. Valuation\n1) Comparative Valuation\n(Figure 4.1: Comparable Analysis. Source: Bloomberg)\nStarting with a quick comparative analysis, we see that Adobe is trading at a slight discount to its peers. In an industry that is highly speculative, Adobe provides an investment in a stock with less risk and solid returns.\nAn interesting analysis I conducted was a comparison of R&D expenditures to future projected revenue growth to get insight as to how efficient software firms are at utilizing their profits to focus on firm growth. In an industry where differentiation and innovation are key, I thought this concept would be interesting to observe. The graph below displays the top 25 application software firms, by market cap. Essentially, any firm above the line is currently using their capital efficiently towards greater growth, while those below the line are not using their capital efficiently. Comparing the findings of this graph with the risk vs. return of stocks above the line, we further see that Adobe is a solid long-term pick.\n(Figure 4.2: R&D vs. Future Revenue Growth Forecast. Source: Bloomberg; Personal Pitch Deck)\n2) Intrinsic Valuation\nThe first set of calculations was forecasting future revenue streams of the business segments. Based on my research and assumptions, I used a weighted moving average to calculate growth rates, then used a regression of historical market and industry growth expectations to adjust the top-line revenue estimates. The rest of the model was built upon a mix of more industry expectations, as well as assumptions, estimates, and long-term goals set forth by management.\nI calculated a discount rate of 6.87%, which was used to discount the projected cash flows until 2025. To calculate the present value of the cash flows of 2026-beyond, I used the perpetual growth rate method, and based on my concluding research, assumed a perpetual growth rate of 3.5%. This brought me to a 12-month PT of ~$590.\nIn a bull case scenario where revenue growth exceeds 20% YoY from 2022-2025, or where the perpetual growth rate assumed in the model is changed to 4.0%, we see the price target soaring above $600.\nWhen initially developing my model and report, Adobe stock was ~$485. However, we've seen a run up of the price over the past few days, from about $515 to surpassing $550. It is typical to see a rally in tech stocks before their earnings, which deflates the potential return. This means that there may be a solid entry point immediately post-earnings, depending on if the price drops or not.\nFurthermore, this does not consider Adobe's share buyback plan that was authorized, which would increase the value of shares and earnings. I think that Q2 earnings should provide more clarity.\nVI. Conclusion\nAdobe has seen major success in growth and scale, which will support its strategic initiatives. The firm has proven to be a leader in 2021 macroeconomic and software industry trends, which will provide tailwinds for growth of its subscription-based segments.\nWith inflation fears, right now is the time to shift investments diversified across technology to more fundamentally stable large-cap firms, like Adobe, to combat uncertainty. I think there should be an optimal entry point immediately post-earnings, unless earnings drive the price higher after-hours. Regardless, as a growth prospect with proven cash flows and healthy margins, I see any entry in Adobe as a solid-long term pick that is less speculative of a play.","news_type":1},"isVote":1,"tweetType":1,"viewCount":576,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186786433,"gmtCreate":1623542556222,"gmtModify":1704205596254,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/186786433","repostId":"2143178871","repostType":4,"repost":{"id":"2143178871","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":1623527706,"share":"https://ttm.financial/m/news/2143178871?lang=&edition=fundamental","pubTime":"2021-06-13 03:55","market":"sh","language":"en","title":"G7 source praises Biden after 'complete chaos' of Trump","url":"https://stock-news.laohu8.com/highlight/detail?id=2143178871","media":"Reuters","summary":"CARBIS BAY, England, June 12  - U.S. President Joe Biden brought a sharply different tone to the Group of Seven summit from his predecessor Donald Trump by allowing frank and collaborative discussion of global issues without sowing disruptive chaos, a source with knowledge of the discussions told Reuters.\"It used to be complete chaos,\" said the source. \"Before, we were on edge the entire, the whole time just trying to keep the G7 intact - and you don't have to worry about that now.\". \"You can ha","content":"<p>CARBIS BAY, England, June 12 (Reuters) - U.S. President Joe Biden brought a sharply different tone to the Group of Seven summit from his predecessor Donald Trump by allowing frank and collaborative discussion of global issues without sowing disruptive chaos, a source with knowledge of the discussions told Reuters.</p>\n<p>\"It used to be complete chaos,\" said the source. \"Before, we were on edge the entire, the whole time just trying to keep the G7 intact - and you don't have to worry about that now.\"</p>\n<p>\"You can have a frank discussion without having to start it off by saying: 'No. Russia is not going to come back into the G7,'\" the source said.</p>\n<p>The United States is back as a cooperative leader of the free world under Biden, France's Emmanuel Macron said earlier on Saturday, illustrating the relief felt by many key U.S. allies that the tumult of Trump's presidency is over.</p>\n<p>Macron's remark echoed that of British Prime Minister Boris Johnson who hailed Biden on Thursday as \"a big breath of fresh air\".</p>\n<p>Neither Macron nor Johnson drew an explicit parallel between Biden and Trump, though both praised Biden's distinctly cooperative tone and officials said there was relief after Trump at times shocked and bewildered many European allies.</p>\n<p>(Reporting by Guy Faulconbridge; editing by Michael Holden)</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>G7 source praises Biden after 'complete chaos' of Trump</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\">\nG7 source praises Biden after 'complete chaos' of Trump\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\">2021-06-13 03:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>CARBIS BAY, England, June 12 (Reuters) - U.S. President Joe Biden brought a sharply different tone to the Group of Seven summit from his predecessor Donald Trump by allowing frank and collaborative discussion of global issues without sowing disruptive chaos, a source with knowledge of the discussions told Reuters.</p>\n<p>\"It used to be complete chaos,\" said the source. \"Before, we were on edge the entire, the whole time just trying to keep the G7 intact - and you don't have to worry about that now.\"</p>\n<p>\"You can have a frank discussion without having to start it off by saying: 'No. Russia is not going to come back into the G7,'\" the source said.</p>\n<p>The United States is back as a cooperative leader of the free world under Biden, France's Emmanuel Macron said earlier on Saturday, illustrating the relief felt by many key U.S. allies that the tumult of Trump's presidency is over.</p>\n<p>Macron's remark echoed that of British Prime Minister Boris Johnson who hailed Biden on Thursday as \"a big breath of fresh air\".</p>\n<p>Neither Macron nor Johnson drew an explicit parallel between Biden and Trump, though both praised Biden's distinctly cooperative tone and officials said there was relief after Trump at times shocked and bewildered many European allies.</p>\n<p>(Reporting by Guy Faulconbridge; editing by Michael Holden)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143178871","content_text":"CARBIS BAY, England, June 12 (Reuters) - U.S. President Joe Biden brought a sharply different tone to the Group of Seven summit from his predecessor Donald Trump by allowing frank and collaborative discussion of global issues without sowing disruptive chaos, a source with knowledge of the discussions told Reuters.\n\"It used to be complete chaos,\" said the source. \"Before, we were on edge the entire, the whole time just trying to keep the G7 intact - and you don't have to worry about that now.\"\n\"You can have a frank discussion without having to start it off by saying: 'No. Russia is not going to come back into the G7,'\" the source said.\nThe United States is back as a cooperative leader of the free world under Biden, France's Emmanuel Macron said earlier on Saturday, illustrating the relief felt by many key U.S. allies that the tumult of Trump's presidency is over.\nMacron's remark echoed that of British Prime Minister Boris Johnson who hailed Biden on Thursday as \"a big breath of fresh air\".\nNeither Macron nor Johnson drew an explicit parallel between Biden and Trump, though both praised Biden's distinctly cooperative tone and officials said there was relief after Trump at times shocked and bewildered many European allies.\n(Reporting by Guy Faulconbridge; editing by Michael Holden)","news_type":1},"isVote":1,"tweetType":1,"viewCount":635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186980678,"gmtCreate":1623469102194,"gmtModify":1704204511248,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186980678","repostId":"1131421513","repostType":4,"repost":{"id":"1131421513","pubTimestamp":1623452742,"share":"https://ttm.financial/m/news/1131421513?lang=&edition=fundamental","pubTime":"2021-06-12 07:05","market":"us","language":"en","title":"Apple envisions a smart home where users can unlock the front door with their iPhone","url":"https://stock-news.laohu8.com/highlight/detail?id=1131421513","media":"cnbc","summary":"KEY POINTS\n\nApple is taking a different approach with its smart home strategy than it does with its ","content":"<div>\n<p>KEY POINTS\n\nApple is taking a different approach with its smart home strategy than it does with its main platforms, such as iOS and MacOS, where it builds the hardware and controls the software.\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/11/apple-smart-home-updates-from-wwdc-2021.html\">Web Link</a>\n\n</div>\n","source":"cnbc_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>Apple envisions a smart home where users can unlock the front door with their iPhone</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple envisions a smart home where users can unlock the front door with their iPhone\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-12 07:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/11/apple-smart-home-updates-from-wwdc-2021.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nApple is taking a different approach with its smart home strategy than it does with its main platforms, such as iOS and MacOS, where it builds the hardware and controls the software.\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/11/apple-smart-home-updates-from-wwdc-2021.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.cnbc.com/2021/06/11/apple-smart-home-updates-from-wwdc-2021.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1131421513","content_text":"KEY POINTS\n\nApple is taking a different approach with its smart home strategy than it does with its main platforms, such as iOS and MacOS, where it builds the hardware and controls the software.\nThe WWDC event this year showed that Apple's smart home strategy relies heavily on encouraging third-party hardware makers to adopt Apple's platform, which it calls HomeKit.\nNew features include a way to unlock your front door with an iPhone through a digital key in the Wallet App and Siri integration with third-party gadgets.\n\nAppleintroduced several new features for its smart home initiative at its annual WWDC conference, including a way to unlock your front door with an iPhone through a digital key in the Wallet App.\nBut Apple is taking a different tack with its smart home strategy than it does its main platforms, such as iOS and MacOS, where the company both builds the hardware and controls the software.\nInstead, Apple's smart home strategy relies heavily on encouraging third-party hardware makers to adopt Apple's platform, HomeKit, which aims to simplify the process of getting gadgets from various companies to work together seamlessly.\nFor example, Apple didn't release an Apple-branded smart lock, but it did promote a smart lock that uses Apple's software and integrates tightly with the iPhone's Home and Wallet apps. Other HomeKit-enabled gadgets include air conditioners, video cameras, motion sensors, doorbells and lights.\nFor Apple, this strategy aims to position iPhone and Apple Watch as controllers for a wide variety of in-home functions, making them more valuable to current customers and discouraging them from switching to an Android phone when it is time to upgrade. Apple's smart home strategy could also boost Apple TV or HomePod sales, as these devices can be used as the smart home's hub.\n'Hey Siri' comes home\nPerhaps the biggest smart home announcement at WWDC for iOS 15, which will be released this fall, is that Apple said it planned to open up Siri, its voice assistant, to work with third-party smart home gadgets such asEcobee's Smart Thermostatlater this year. Soon, users will be able to say \"Hey Siri\" to non-Apple gadgets — matching an ability thatGoogle's Assistant andAmazonAlexa were already capable of.\n\"While we don't believe that Siri is a major reason why people buy Apple products, we do believe that the expansion of Siri into third-party devices could help drive the use of Siri and help support Apple's push into the smart home market,\" Deutsche Bank analyst Sidney Ho wrote in a note this week.\nThrough a supported third-party device such as the Smart Thermostat, users will be able to call Siri and send messages, add reminders, and even use family members' iPhones, Apple Watches and HomePods as an intercom.\nThere is one catch, though — the feature requires a HomePod or HomePod mini. Essentially, the third-party Siri gadget passes messages to the HomePod for processing.\nApple will also allow users to unlock their front door or garage with their iPhone — if the user has a compatible smart lock installed. While Apple didn't announce any devices this week, it did display a slide that said that top lock vendors such as Schlage and Aqara will support the feature.\nThere were also smaller, more incremental updates that users will appreciate. HomeKit can use Siri to schedule events, such as turning on smart lights every day at 7 a.m. Cameras can identify when a package has been delivered. Users can monitor HomeKit cameras on an Apple TV in full-screen mode and easily turn on lights or activate other gadgets in the scene.\nMost intriguingly, Apple has started to bundle one of the key smart home features as a paid service. Cameras are one of the most important smart home gadgets, and Apple is relying heavily on its privacy pitch to stand out against competitors such as Amazon's Ring, noting that it stores the raw footage in an encrypted, private way on iCloud called HomeKit Secure Video.\nTo get the most out of this feature, users will be required to subscribe to the upper-end iCloud service, which costs $9.99 per month for 2TB of storage. And, unlike Amazon, Apple does not make its own smart cameras, but relies on partners such as Logitech.\nFor the 50 third-party hardware makerswho support these features, HomeKit allows them reach a generally wealthy group of consumers without having to do a lot of the hard technical legwork to enable basic functionality. But it also means that they have to participate inApple's MFi accessory program, which means that Apple can exercise some control over what they launch through the program contract.\nApplesaid this week that it is backing Matter, a standard that is designed to allow smart home gadgets to work together, and Apple said it contributed some open-source HomeKit code. Amazon, Google and Samsung are also participating in the standard.\nIn a video session Thursday, Apple engineers said the goal for Matter is to ensure that smart home devices remain compatible for years to come and to make it easier to develop new gadgets and apps. For developers, HomeKit code will work with Matter without any changes required, Apple said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188810156,"gmtCreate":1623427509075,"gmtModify":1704203546311,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>when will it rebound","listText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>when will it rebound","text":"$ContextLogic Inc.(WISH)$when will it rebound","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/188810156","isVote":1,"tweetType":1,"viewCount":776,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188034219,"gmtCreate":1623415677931,"gmtModify":1704202994536,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188034219","repostId":"2142034002","repostType":4,"repost":{"id":"2142034002","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":1623414614,"share":"https://ttm.financial/m/news/2142034002?lang=&edition=fundamental","pubTime":"2021-06-11 20:30","market":"us","language":"en","title":"Volkswagen, Ford to exit auto finance business in India - sources","url":"https://stock-news.laohu8.com/highlight/detail?id=2142034002","media":"Reuters","summary":"NEW DELHI, June 11 (Reuters) - The auto financing arms of Volkswagen AG and Ford Motor Co plan to st","content":"<p>NEW DELHI, June 11 (Reuters) - The auto financing arms of <a href=\"https://laohu8.com/S/VLKAF\">Volkswagen AG</a> and Ford Motor Co plan to stop giving new credit to car buyers and dealers in India and will exit from the country, sources aware of the development told Reuters.</p>\n<p>Volkswagen Finance Private Ltd, the German carmaker's finance arm, stopped giving loans to car buyers in India last year and in May told dealers of all VW brands, which includes Volkswagen, Skoda and Audi, to find other financing, two sources with direct knowledge of the talks said.</p>\n<p>As some customers failed to make repayments, the finance unit has suffered losses, and will close for business by Dec. 31, the sources said.</p>\n<p>More than 50% of Volkswagen group dealers use credit from the finance arm, they said.</p>\n<p>Volkswagen Finance Private Ltd said in a statement that it had acquired a major stake in Indian loan brokerage portal KUWY Technologies to service its retail customers.</p>\n<p>It is in talks with dealers and will review its business strategy by the end of the year, the company said.</p>\n<p>The auto finance arms are classified as non-banking financial companies (NBFCs) and they compete with banks for providing credit. But banks have access to cheaper funding so can offer loans at lower rates than those offered by NBFCs or shadow lenders.</p>\n<p>To offset the disadvantage, Volkswagen and Ford would offer incentives to those dealers who have used their credit finance, the sources said.</p>\n<p>Dealers typically need credit to buy cars from automakers which they then sell on to customers.</p>\n<p>Volkswagen's plan to exit the financing business has surprised dealers, coming weeks ahead of the launch of Skoda's new sport-utility vehicle <a href=\"https://laohu8.com/S/SUV.AU\">$(SUV.AU)$</a> to boost sales in India, the two sources said.</p>\n<p>Skoda dealers have been asked to find new financing by the end of the month - a tight deadline ahead of a new model launch, <a href=\"https://laohu8.com/S/AONE\">one</a> source said.</p>\n<p>Ford Credit, the automaker's financing arm, stopped lending to car buyers at the end of last year and will cease credit to dealers by June 30, two separate sources said.</p>\n<p>The decision to exit the financing business comes at a time when Ford is finalising a new strategy for India after ending ties with Mahindra &amp; Mahindra on Dec. 31.</p>\n<p>A Ford Motor India spokesperson said the company regularly assesses market conditions for its credit business and the decision to discontinue was conveyed to dealers in October - before it made any announcement on the Mahindra partnership.</p>\n<p>\"We are confident the auto financing sector in India can support Ford customer and dealer new financing needs. Our team continues to service our existing book of business,\" the spokesperson said, adding that 25%-30% of its dealers do business with Ford Credit.</p>\n<p>(Reporting by Aditi Shah; Editing by Sanjeev Miglani and Louise Heavens)</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>Volkswagen, Ford to exit auto finance business in India - sources</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\">\nVolkswagen, Ford to exit auto finance business in India - sources\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\">2021-06-11 20:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW DELHI, June 11 (Reuters) - The auto financing arms of <a href=\"https://laohu8.com/S/VLKAF\">Volkswagen AG</a> and Ford Motor Co plan to stop giving new credit to car buyers and dealers in India and will exit from the country, sources aware of the development told Reuters.</p>\n<p>Volkswagen Finance Private Ltd, the German carmaker's finance arm, stopped giving loans to car buyers in India last year and in May told dealers of all VW brands, which includes Volkswagen, Skoda and Audi, to find other financing, two sources with direct knowledge of the talks said.</p>\n<p>As some customers failed to make repayments, the finance unit has suffered losses, and will close for business by Dec. 31, the sources said.</p>\n<p>More than 50% of Volkswagen group dealers use credit from the finance arm, they said.</p>\n<p>Volkswagen Finance Private Ltd said in a statement that it had acquired a major stake in Indian loan brokerage portal KUWY Technologies to service its retail customers.</p>\n<p>It is in talks with dealers and will review its business strategy by the end of the year, the company said.</p>\n<p>The auto finance arms are classified as non-banking financial companies (NBFCs) and they compete with banks for providing credit. But banks have access to cheaper funding so can offer loans at lower rates than those offered by NBFCs or shadow lenders.</p>\n<p>To offset the disadvantage, Volkswagen and Ford would offer incentives to those dealers who have used their credit finance, the sources said.</p>\n<p>Dealers typically need credit to buy cars from automakers which they then sell on to customers.</p>\n<p>Volkswagen's plan to exit the financing business has surprised dealers, coming weeks ahead of the launch of Skoda's new sport-utility vehicle <a href=\"https://laohu8.com/S/SUV.AU\">$(SUV.AU)$</a> to boost sales in India, the two sources said.</p>\n<p>Skoda dealers have been asked to find new financing by the end of the month - a tight deadline ahead of a new model launch, <a href=\"https://laohu8.com/S/AONE\">one</a> source said.</p>\n<p>Ford Credit, the automaker's financing arm, stopped lending to car buyers at the end of last year and will cease credit to dealers by June 30, two separate sources said.</p>\n<p>The decision to exit the financing business comes at a time when Ford is finalising a new strategy for India after ending ties with Mahindra &amp; Mahindra on Dec. 31.</p>\n<p>A Ford Motor India spokesperson said the company regularly assesses market conditions for its credit business and the decision to discontinue was conveyed to dealers in October - before it made any announcement on the Mahindra partnership.</p>\n<p>\"We are confident the auto financing sector in India can support Ford customer and dealer new financing needs. Our team continues to service our existing book of business,\" the spokesperson said, adding that 25%-30% of its dealers do business with Ford Credit.</p>\n<p>(Reporting by Aditi Shah; Editing by Sanjeev Miglani and Louise Heavens)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"F":"福特汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142034002","content_text":"NEW DELHI, June 11 (Reuters) - The auto financing arms of Volkswagen AG and Ford Motor Co plan to stop giving new credit to car buyers and dealers in India and will exit from the country, sources aware of the development told Reuters.\nVolkswagen Finance Private Ltd, the German carmaker's finance arm, stopped giving loans to car buyers in India last year and in May told dealers of all VW brands, which includes Volkswagen, Skoda and Audi, to find other financing, two sources with direct knowledge of the talks said.\nAs some customers failed to make repayments, the finance unit has suffered losses, and will close for business by Dec. 31, the sources said.\nMore than 50% of Volkswagen group dealers use credit from the finance arm, they said.\nVolkswagen Finance Private Ltd said in a statement that it had acquired a major stake in Indian loan brokerage portal KUWY Technologies to service its retail customers.\nIt is in talks with dealers and will review its business strategy by the end of the year, the company said.\nThe auto finance arms are classified as non-banking financial companies (NBFCs) and they compete with banks for providing credit. But banks have access to cheaper funding so can offer loans at lower rates than those offered by NBFCs or shadow lenders.\nTo offset the disadvantage, Volkswagen and Ford would offer incentives to those dealers who have used their credit finance, the sources said.\nDealers typically need credit to buy cars from automakers which they then sell on to customers.\nVolkswagen's plan to exit the financing business has surprised dealers, coming weeks ahead of the launch of Skoda's new sport-utility vehicle $(SUV.AU)$ to boost sales in India, the two sources said.\nSkoda dealers have been asked to find new financing by the end of the month - a tight deadline ahead of a new model launch, one source said.\nFord Credit, the automaker's financing arm, stopped lending to car buyers at the end of last year and will cease credit to dealers by June 30, two separate sources said.\nThe decision to exit the financing business comes at a time when Ford is finalising a new strategy for India after ending ties with Mahindra & Mahindra on Dec. 31.\nA Ford Motor India spokesperson said the company regularly assesses market conditions for its credit business and the decision to discontinue was conveyed to dealers in October - before it made any announcement on the Mahindra partnership.\n\"We are confident the auto financing sector in India can support Ford customer and dealer new financing needs. Our team continues to service our existing book of business,\" the spokesperson said, adding that 25%-30% of its dealers do business with Ford Credit.\n(Reporting by Aditi Shah; Editing by Sanjeev Miglani and Louise Heavens)","news_type":1},"isVote":1,"tweetType":1,"viewCount":187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188032948,"gmtCreate":1623415593084,"gmtModify":1704202991112,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PSFE\">$Paysafe Ltd(PSFE)$</a>stuck for a month. Not much action&nbsp;","listText":"<a href=\"https://laohu8.com/S/PSFE\">$Paysafe Ltd(PSFE)$</a>stuck for a month. Not much action&nbsp;","text":"$Paysafe Ltd(PSFE)$stuck for a month. Not much action","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188032948","isVote":1,"tweetType":1,"viewCount":158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181782531,"gmtCreate":1623411909823,"gmtModify":1704202882876,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>will it rocket today?","listText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>will it rocket today?","text":"$ContextLogic Inc.(WISH)$will it rocket today?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/181782531","isVote":1,"tweetType":1,"viewCount":1477,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183310463,"gmtCreate":1623306531952,"gmtModify":1704200534811,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Sure","listText":"Sure","text":"Sure","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183310463","repostId":"2142024176","repostType":4,"repost":{"id":"2142024176","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":1623305400,"share":"https://ttm.financial/m/news/2142024176?lang=&edition=fundamental","pubTime":"2021-06-10 14:10","market":"us","language":"en","title":"Pfizer to provide U.S. with 500 million COVID-19 vaccines to donate to world","url":"https://stock-news.laohu8.com/highlight/detail?id=2142024176","media":"Reuters","summary":"BERLIN, June 10 (Reuters) - Pfizer and German partner BioNTech said on Thursday they have agreed to ","content":"<p>BERLIN, June 10 (Reuters) - Pfizer and German partner BioNTech said on Thursday they have agreed to supply the U.S. government with 500 million doses of their COVID-19 vaccine to donate to poorer countries over the next two years.</p>\n<p>The two drugmakers will provide 200 million doses in 2021 and 300 million doses in the first half of 2022, which the United States will then distribute to 92 lower-income countries and the African Union, they said.</p>\n<p>The shots, which will be produced at Pfizer's U.S. production sites, will be provided at a not-for-profit price.</p>\n<p>\"Our partnership with the U.S. government will help bring hundreds of millions of doses of our vaccine to the poorest countries around the world as quickly as possible,\" said Pfizer Chief Executive Albert Bourla.</p>\n<p>Deliveries of the 200 million doses will begin in August 2021 and continue through the remainder of the year, they said, while the 300 million doses for 2022 are planned to be delivered between January and the end of June.</p>\n<p>The U.S. government also has the option for additional doses.</p>\n<p>Pfizer and Biontech said the doses are part of a previously announced pledge to provide two billion doses of the COVID-19 vaccine to low- and middle-income countries over the next 18 months.</p>\n<p>Reuters reported on Wednesday the Biden Administration plans to donate coronavirus vaccines to lower-income countries.</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>Pfizer to provide U.S. with 500 million COVID-19 vaccines to donate to world</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\">\nPfizer to provide U.S. with 500 million COVID-19 vaccines to donate to world\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\">2021-06-10 14:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BERLIN, June 10 (Reuters) - Pfizer and German partner BioNTech said on Thursday they have agreed to supply the U.S. government with 500 million doses of their COVID-19 vaccine to donate to poorer countries over the next two years.</p>\n<p>The two drugmakers will provide 200 million doses in 2021 and 300 million doses in the first half of 2022, which the United States will then distribute to 92 lower-income countries and the African Union, they said.</p>\n<p>The shots, which will be produced at Pfizer's U.S. production sites, will be provided at a not-for-profit price.</p>\n<p>\"Our partnership with the U.S. government will help bring hundreds of millions of doses of our vaccine to the poorest countries around the world as quickly as possible,\" said Pfizer Chief Executive Albert Bourla.</p>\n<p>Deliveries of the 200 million doses will begin in August 2021 and continue through the remainder of the year, they said, while the 300 million doses for 2022 are planned to be delivered between January and the end of June.</p>\n<p>The U.S. government also has the option for additional doses.</p>\n<p>Pfizer and Biontech said the doses are part of a previously announced pledge to provide two billion doses of the COVID-19 vaccine to low- and middle-income countries over the next 18 months.</p>\n<p>Reuters reported on Wednesday the Biden Administration plans to donate coronavirus vaccines to lower-income countries.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142024176","content_text":"BERLIN, June 10 (Reuters) - Pfizer and German partner BioNTech said on Thursday they have agreed to supply the U.S. government with 500 million doses of their COVID-19 vaccine to donate to poorer countries over the next two years.\nThe two drugmakers will provide 200 million doses in 2021 and 300 million doses in the first half of 2022, which the United States will then distribute to 92 lower-income countries and the African Union, they said.\nThe shots, which will be produced at Pfizer's U.S. production sites, will be provided at a not-for-profit price.\n\"Our partnership with the U.S. government will help bring hundreds of millions of doses of our vaccine to the poorest countries around the world as quickly as possible,\" said Pfizer Chief Executive Albert Bourla.\nDeliveries of the 200 million doses will begin in August 2021 and continue through the remainder of the year, they said, while the 300 million doses for 2022 are planned to be delivered between January and the end of June.\nThe U.S. government also has the option for additional doses.\nPfizer and Biontech said the doses are part of a previously announced pledge to provide two billion doses of the COVID-19 vaccine to low- and middle-income countries over the next 18 months.\nReuters reported on Wednesday the Biden Administration plans to donate coronavirus vaccines to lower-income countries.","news_type":1},"isVote":1,"tweetType":1,"viewCount":363,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183310599,"gmtCreate":1623306512811,"gmtModify":1704200535462,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183310599","repostId":"2142024176","repostType":4,"repost":{"id":"2142024176","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":1623305400,"share":"https://ttm.financial/m/news/2142024176?lang=&edition=fundamental","pubTime":"2021-06-10 14:10","market":"us","language":"en","title":"Pfizer to provide U.S. with 500 million COVID-19 vaccines to donate to world","url":"https://stock-news.laohu8.com/highlight/detail?id=2142024176","media":"Reuters","summary":"BERLIN, June 10 (Reuters) - Pfizer and German partner BioNTech said on Thursday they have agreed to ","content":"<p>BERLIN, June 10 (Reuters) - Pfizer and German partner BioNTech said on Thursday they have agreed to supply the U.S. government with 500 million doses of their COVID-19 vaccine to donate to poorer countries over the next two years.</p>\n<p>The two drugmakers will provide 200 million doses in 2021 and 300 million doses in the first half of 2022, which the United States will then distribute to 92 lower-income countries and the African Union, they said.</p>\n<p>The shots, which will be produced at Pfizer's U.S. production sites, will be provided at a not-for-profit price.</p>\n<p>\"Our partnership with the U.S. government will help bring hundreds of millions of doses of our vaccine to the poorest countries around the world as quickly as possible,\" said Pfizer Chief Executive Albert Bourla.</p>\n<p>Deliveries of the 200 million doses will begin in August 2021 and continue through the remainder of the year, they said, while the 300 million doses for 2022 are planned to be delivered between January and the end of June.</p>\n<p>The U.S. government also has the option for additional doses.</p>\n<p>Pfizer and Biontech said the doses are part of a previously announced pledge to provide two billion doses of the COVID-19 vaccine to low- and middle-income countries over the next 18 months.</p>\n<p>Reuters reported on Wednesday the Biden Administration plans to donate coronavirus vaccines to lower-income countries.</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>Pfizer to provide U.S. with 500 million COVID-19 vaccines to donate to world</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\">\nPfizer to provide U.S. with 500 million COVID-19 vaccines to donate to world\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\">2021-06-10 14:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BERLIN, June 10 (Reuters) - Pfizer and German partner BioNTech said on Thursday they have agreed to supply the U.S. government with 500 million doses of their COVID-19 vaccine to donate to poorer countries over the next two years.</p>\n<p>The two drugmakers will provide 200 million doses in 2021 and 300 million doses in the first half of 2022, which the United States will then distribute to 92 lower-income countries and the African Union, they said.</p>\n<p>The shots, which will be produced at Pfizer's U.S. production sites, will be provided at a not-for-profit price.</p>\n<p>\"Our partnership with the U.S. government will help bring hundreds of millions of doses of our vaccine to the poorest countries around the world as quickly as possible,\" said Pfizer Chief Executive Albert Bourla.</p>\n<p>Deliveries of the 200 million doses will begin in August 2021 and continue through the remainder of the year, they said, while the 300 million doses for 2022 are planned to be delivered between January and the end of June.</p>\n<p>The U.S. government also has the option for additional doses.</p>\n<p>Pfizer and Biontech said the doses are part of a previously announced pledge to provide two billion doses of the COVID-19 vaccine to low- and middle-income countries over the next 18 months.</p>\n<p>Reuters reported on Wednesday the Biden Administration plans to donate coronavirus vaccines to lower-income countries.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142024176","content_text":"BERLIN, June 10 (Reuters) - Pfizer and German partner BioNTech said on Thursday they have agreed to supply the U.S. government with 500 million doses of their COVID-19 vaccine to donate to poorer countries over the next two years.\nThe two drugmakers will provide 200 million doses in 2021 and 300 million doses in the first half of 2022, which the United States will then distribute to 92 lower-income countries and the African Union, they said.\nThe shots, which will be produced at Pfizer's U.S. production sites, will be provided at a not-for-profit price.\n\"Our partnership with the U.S. government will help bring hundreds of millions of doses of our vaccine to the poorest countries around the world as quickly as possible,\" said Pfizer Chief Executive Albert Bourla.\nDeliveries of the 200 million doses will begin in August 2021 and continue through the remainder of the year, they said, while the 300 million doses for 2022 are planned to be delivered between January and the end of June.\nThe U.S. government also has the option for additional doses.\nPfizer and Biontech said the doses are part of a previously announced pledge to provide two billion doses of the COVID-19 vaccine to low- and middle-income countries over the next 18 months.\nReuters reported on Wednesday the Biden Administration plans to donate coronavirus vaccines to lower-income countries.","news_type":1},"isVote":1,"tweetType":1,"viewCount":327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103040563,"gmtCreate":1619740564052,"gmtModify":1704271570021,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/103040563","repostId":"2131534297","repostType":4,"isVote":1,"tweetType":1,"viewCount":269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103040864,"gmtCreate":1619740546758,"gmtModify":1704271569856,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/103040864","repostId":"1188611661","repostType":4,"repost":{"id":"1188611661","pubTimestamp":1619734487,"share":"https://ttm.financial/m/news/1188611661?lang=&edition=fundamental","pubTime":"2021-04-30 06:14","market":"us","language":"en","title":"Amazon sales surge 44% as it smashes earnings expectations","url":"https://stock-news.laohu8.com/highlight/detail?id=1188611661","media":"CNBC","summary":"Amazon released first-quarter results on Thursday that trounced analysts’ expectations.\nThe company ","content":"<ul>\n <li>Amazon released first-quarter results on Thursday that trounced analysts’ expectations.</li>\n <li>The company confirmed that this year’s Prime Day will take place in June, which will likely help year over year comparisons for revenue in the second quarter.</li>\n</ul>\n<p>Amazonshares climbed more than 3.5% in extended trading Thursday after the company&nbsp;released&nbsp;its first-quarter earnings, beating Wall Street’s expectations for earnings and revenue.</p>\n<p><img src=\"https://static.tigerbbs.com/798d7f0536203d2ae33b543f4dabf204\" tg-width=\"1281\" tg-height=\"591\"></p>\n<p>Here’s how the e-commerce giant fared, relative to analyst estimates compiled by Refinitiv:</p>\n<ul>\n <li><b>Earnings:</b>$15.79 per share vs. $9.54 per share expected</li>\n <li><b>Revenue:</b>$108.52 billion vs. $104.47 billion expected</li>\n</ul>\n<p>Few companies have benefited from the pandemic-fueled surge of online shoppingas much as Amazon. Its first-quarter results showed the company’s business continues to be buoyed by the pandemic, with sales soaring 44% year-over-year to $108.5 billion.</p>\n<p>Amazon’s guidance for the second quarter implies that it expects the momentum to continue, which should help allay investor fears that business could slow in a post-pandemic environment. The company expects to post revenue between $110 billion and $116 billion, surpassing Wall Street’s projection $108.6 billion.</p>\n<p>Crucially, Amazon confirmed in its guidance that this year’s Prime Day will take place in June, which will likely help year-over-year comparisons for revenue in the second quarter. Typically, Amazon’s annual, two-day discount bonanza takes place in July, but the company postponed the event to October last year amid pandemic-related uncertainty.</p>\n<p>When asked about the Prime Day timing, CFO Brian Olsavsky said on a call with investors: “In many areas, July is vacation month, so it might be better for customers, sellers and vendors to experiment with a different time period. We believe that it might be better timing later in [the second quarter], so that’s what we’re testing this year.”</p>\n<p>Outside of its core retail segment, Amazon’s cloud-computing and advertising businesses continue to boom. Amazon Web Servicessawnet sales of $13.5 billion during the quarter, up 32% year over year. Amazon doesn’t disclose advertising sales, but it’s included in the company’s “Other” category, which saw its revenues grow 77% year over year to $6.9 billion.</p>\n<p>Amazon CEO Jeff Bezos also gave a rare glimpse into how the company’s streaming business has fared during the pandemic, as stuck-at-home consumers relied on online entertainment to keep busy. “As Prime Video turns 10, over 175 million Prime members have streamed shows and movies in the past year, and streaming hours are up more than 70% year over year,” he said.</p>\n<p>Amazon’s streaming service, Prime Video, is a key offering of the company’s Prime subscription service, which costs $119 a year and includes a range of other benefits like free, two-day shipping. Bezos disclosed earlier this month that the company now has 200 million Prime subscribers, 50 million more than it had at the start of 2020.</p>\n<p>Physical stores revenue, which includes Whole Foods Market and other brick-and-mortar offerings like Amazon Books, continued to fall. Sales slumped 16% to $3.9 billion. The category excludes online delivery, Olsavsky said.</p>\n<p>During the quarter, Amazon’s sales grew faster internationally than they did in North America. International revenue surged 60% year over year, more than any other segment, while North America revenue climbed 40%.</p>\n<p>As expected, Amazon will incur fewer costs this year related to coronavirus safety measures. Operating income is forecast to be between $4.5 billion and $8 billion in the second quarter, assuming $1.5 billion of costs related to Covid-19. That’s in line with what Amazon executives predicted last quarter.</p>\n<p>AmazonsaidWednesday it would spend more than $1 billion on raising wages for over half a million of its U.S. operations workers. On a call with reporters, Olsavsky said it decided to move up the pay increase from the fall to this spring as volumes remain just as strong as they were at the beginning of the pandemic.</p>\n<p>Olsavsky declined to comment on Amazon’s CEO transition plans, which will come into play once Bezossteps down in the third quarter. Bezos will turn the helm over to AWS CEO Andy Jassy and assume the role of executive chairman of Amazon’s board.</p>","source":"lsy1609915699154","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 sales surge 44% as it smashes earnings expectations</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 sales surge 44% as it smashes earnings expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-30 06:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/29/amazon-amzn-earnings-q1-2021.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon released first-quarter results on Thursday that trounced analysts’ expectations.\nThe company confirmed that this year’s Prime Day will take place in June, which will likely help year over year ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/29/amazon-amzn-earnings-q1-2021.html\">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://www.cnbc.com/2021/04/29/amazon-amzn-earnings-q1-2021.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188611661","content_text":"Amazon released first-quarter results on Thursday that trounced analysts’ expectations.\nThe company confirmed that this year’s Prime Day will take place in June, which will likely help year over year comparisons for revenue in the second quarter.\n\nAmazonshares climbed more than 3.5% in extended trading Thursday after the company released its first-quarter earnings, beating Wall Street’s expectations for earnings and revenue.\n\nHere’s how the e-commerce giant fared, relative to analyst estimates compiled by Refinitiv:\n\nEarnings:$15.79 per share vs. $9.54 per share expected\nRevenue:$108.52 billion vs. $104.47 billion expected\n\nFew companies have benefited from the pandemic-fueled surge of online shoppingas much as Amazon. Its first-quarter results showed the company’s business continues to be buoyed by the pandemic, with sales soaring 44% year-over-year to $108.5 billion.\nAmazon’s guidance for the second quarter implies that it expects the momentum to continue, which should help allay investor fears that business could slow in a post-pandemic environment. The company expects to post revenue between $110 billion and $116 billion, surpassing Wall Street’s projection $108.6 billion.\nCrucially, Amazon confirmed in its guidance that this year’s Prime Day will take place in June, which will likely help year-over-year comparisons for revenue in the second quarter. Typically, Amazon’s annual, two-day discount bonanza takes place in July, but the company postponed the event to October last year amid pandemic-related uncertainty.\nWhen asked about the Prime Day timing, CFO Brian Olsavsky said on a call with investors: “In many areas, July is vacation month, so it might be better for customers, sellers and vendors to experiment with a different time period. We believe that it might be better timing later in [the second quarter], so that’s what we’re testing this year.”\nOutside of its core retail segment, Amazon’s cloud-computing and advertising businesses continue to boom. Amazon Web Servicessawnet sales of $13.5 billion during the quarter, up 32% year over year. Amazon doesn’t disclose advertising sales, but it’s included in the company’s “Other” category, which saw its revenues grow 77% year over year to $6.9 billion.\nAmazon CEO Jeff Bezos also gave a rare glimpse into how the company’s streaming business has fared during the pandemic, as stuck-at-home consumers relied on online entertainment to keep busy. “As Prime Video turns 10, over 175 million Prime members have streamed shows and movies in the past year, and streaming hours are up more than 70% year over year,” he said.\nAmazon’s streaming service, Prime Video, is a key offering of the company’s Prime subscription service, which costs $119 a year and includes a range of other benefits like free, two-day shipping. Bezos disclosed earlier this month that the company now has 200 million Prime subscribers, 50 million more than it had at the start of 2020.\nPhysical stores revenue, which includes Whole Foods Market and other brick-and-mortar offerings like Amazon Books, continued to fall. Sales slumped 16% to $3.9 billion. The category excludes online delivery, Olsavsky said.\nDuring the quarter, Amazon’s sales grew faster internationally than they did in North America. International revenue surged 60% year over year, more than any other segment, while North America revenue climbed 40%.\nAs expected, Amazon will incur fewer costs this year related to coronavirus safety measures. Operating income is forecast to be between $4.5 billion and $8 billion in the second quarter, assuming $1.5 billion of costs related to Covid-19. That’s in line with what Amazon executives predicted last quarter.\nAmazonsaidWednesday it would spend more than $1 billion on raising wages for over half a million of its U.S. operations workers. On a call with reporters, Olsavsky said it decided to move up the pay increase from the fall to this spring as volumes remain just as strong as they were at the beginning of the pandemic.\nOlsavsky declined to comment on Amazon’s CEO transition plans, which will come into play once Bezossteps down in the third quarter. Bezos will turn the helm over to AWS CEO Andy Jassy and assume the role of executive chairman of Amazon’s board.","news_type":1},"isVote":1,"tweetType":1,"viewCount":375,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375534241,"gmtCreate":1619359864083,"gmtModify":1704722843084,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375534241","repostId":"2130364241","repostType":4,"repost":{"id":"2130364241","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":1619341980,"share":"https://ttm.financial/m/news/2130364241?lang=&edition=fundamental","pubTime":"2021-04-25 17:13","market":"us","language":"en","title":"Why the Fed's focus on those hardest-hit by the pandemic matters for markets","url":"https://stock-news.laohu8.com/highlight/detail?id=2130364241","media":"Dow Jones","summary":"Hoovervilles, the shantytowns built in New York City's Central Park and other open spaces during the","content":"<p>Hoovervilles, the shantytowns built in New York City's Central Park and other open spaces during the Great Depression, became a lasting image of a decade scarred by soaring unemployment and hunger.</p>\n<p>When Federal Reserve Chairman Jerome Powell meets with officials next Wednesday to provide an update on the economy, there's little expectation for any policy changes, but investors no doubt will be listening to his remarks for hints about what the recovery in employment or rise in inflation after the pandemic might mean for financial markets.</p>\n<p>Investors also may want to pay close attention to what else Powell might say.</p>\n<p>\"He's using his profile to call attention to it,\" said Sheila Bair, former head of the U.S. Federal Deposit Insurance Corporation, of Powell's recent emphasis on the D.C. tent city, as well as his frequent mention of the nation's vast income inequality during the pandemic.</p>\n<p>\"But what the Fed really hasn't talked about,\" Bair said, is how \"inequality has been made worse by monetary policy,\" particularly since most assets, including soaring stocks benefit from his COVID-era policies, but are owned mostly by the wealthy .</p>\n<p>Bair, a key architect of post-2008 financial crisis banking reforms, wants to hear Powell speak more about the \"limits of monetary policy, that may be doing more harm than good,\" particularly when it comes to households and retirees looking to grow savings without taking on too much risk.</p>\n<p>\"No <a href=\"https://laohu8.com/S/AONE\">one</a> questions his motives, or his best of intentions,\" Bair said. \"But is it really helping more than it's hurting?\"</p>\n<p><b>End Ironclad</b></p>\n<p>Karen Petrou, a banking policy expert who recently finished writing a book called \"Engine of Inequality ,\" about the pitfalls of Fed policy, wants the Fed to stop relying on \"bad data\" to inform its decisions, while ignoring the fact that the U.S. no longer has a \"large and vibrant middle class.\"</p>\n<p>She also wants the Fed to promptly say it is opposed to keeping interest rates low as economic activity picks up, and to stop providing an \"ironclad\" safety net for sectors like the U.S. high-yield bond market.</p>\n<p>\"You take a risk, you pay the price,\" Petrou, the co-founder Federal Financial Analytics, Inc. told MarketWatch, while warning that Fed backstops, including its slate of emergency lending facilities rolled out last year, create an \"acute moral hazard\" that could be \"potentially terminal, with markets expecting the Fed always to rescue them.\"</p>\n<p>U.S. corporations borrowed record amounts of debt not only have kept credit flowing on Wall Street, but also contributed to accelerating asset values as investors hunted for yield.</p>\n<p>Earlier in April, yields on the \"junkiest\" bracket of CCC-rated and lower-rated U.S. high-yield bonds tumbled to a new low of about 7.1% , which compares with a record high of almost 40% in 2008.</p>\n<p>For a brief stretch last year, the Fed was buying up corporate debt for the first time in history. That program ended in late December, in part because borrowing conditions for big corporations rarely had been better, even for businesses considered fairly risky. But many market participants still view the program as idling in the background, waiting to be revived, if needed.</p>\n<p><b>About the Roaring '20s</b></p>\n<p>About a week ago, the new Federal Reserve Board Governor and forecast that U.S. gross domestic product could expand at a 6.5% rate for the year.</p>\n<p>Waller also suggested it was too early for the central bank to pull back its support, given the need to make up for the more than 8 million jobs still lost to the pandemic.</p>\n<p>The promise of continued monetary support until the economy fully heals along with the milestones hit in the U.S. vaccination rollout Dow Jones Industrial Average shrug off concerns around a potential capital-gains tax hike proposed by President Joe Biden this week and the S&amp;P 500 index finished Friday near a record high.</p>\n<p>It's probably as good a time as any to reflect on what followed past periods of vast U.S. wealth disparity .</p>\n<p>A decade of crisis followed the Roaring 1920s, a \"period of optimism and prosperity -- for some Americans,\" per the Herbert Hoover Presidential Library and Museum , which ended in the 1929 stock market crash and was followed by the 1933 banking crisis.</p>\n<p>While history also points to the pitfalls of unbridled speculation, the Fed has repeatedly vowed to do whatever it takes to keep credit flowing during the pandemic of the past year. The hope has been that it can keep businesses afloat until the COVID-19 threat recedes, while also preventing 1930s levels of economic distress.</p>\n<p>\"He's trying to come up with this narrative, that they are going to keep the foot on the pedal because of issues he's worried about with all of these people on the sidelines,\" said Peter Duffy, chief investment officer of credit at Penn Capital, about Powell's recent remarks on homeless encampments.</p>\n<p>\"But if you look at the JOLTS number, which tracks job openings , the evidence might suggest that some small businesses are having trouble finding workers, and that workers might need to be coaxed off the sidelines, because they have been receiving nice stimulus checks.\"</p>\n<p>But Duffy also expects the mismatch between job openings and those still out of work to ease this spring, as the weather warms in the northeast at least and more of the U.S. population gets fully vaccinated.</p>\n<p>\"A month or two matters, here, a lot,\" he said, in a telephone interview.</p>\n<p><b>Different ammunition</b></p>\n<p>\"What I worry about,\" Bair told MarketWatch, is that Powell's focus on tent cities could end up translating to even more aggressive Fed interventions into markets, which won't benefit lower-income workers who are most vulnerable to losing a job or a home, but instead ratchets up financial risks in the system.</p>\n<p>\"I do assume that they stay the course,\" Bair said of Powell's frequent reassurances that benchmark interest rates will stay steady, near zero, through 2023, even if the economy seems to be at an inflection point. \"But at least be more willing to use financial oversight powers to address some of the instabilities this is creating,\" she said.</p>\n<p>Despite what others may think, Bair also sees places where the Fed still has ammunition to use, even if it might look different.</p>\n<p>\"I would first and foremost make sure we have a stable financial system,\" Bair said. \"If we have another financial crisis, African American households are going to be hit the hardest, along with other lower-income families.\"</p>\n<p>\"I do think there is a lot of embedded bias in risk weight [measures and bank capital] requirements ,\" she said, adding that they \"disproportionately impact minority families.\" \"Causation isn't correlation, but at the end of the day, they make it a lot more profitable to lend to rich people.\"</p>\n<p>In terms of economic data in the week ahead, the highlight will probably be the release of the first estimate of first quarter economic growth or GDP on Thursday, a day after the Fed policy meeting statement and Powell's press conference on Wednesday.</p>\n<p>But investors will also digest U.S. durable and core capital goods orders for March on Monday, followed Tuesday by the latest Case-Shiller home price index, a consumer confidence index and the homeownership rate for the first quarter and Friday will bring data on personal income and spending.</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 the Fed's focus on those hardest-hit by the pandemic matters for markets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy the Fed's focus on those hardest-hit by the pandemic matters for markets\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\">2021-04-25 17:13</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Hoovervilles, the shantytowns built in New York City's Central Park and other open spaces during the Great Depression, became a lasting image of a decade scarred by soaring unemployment and hunger.</p>\n<p>When Federal Reserve Chairman Jerome Powell meets with officials next Wednesday to provide an update on the economy, there's little expectation for any policy changes, but investors no doubt will be listening to his remarks for hints about what the recovery in employment or rise in inflation after the pandemic might mean for financial markets.</p>\n<p>Investors also may want to pay close attention to what else Powell might say.</p>\n<p>\"He's using his profile to call attention to it,\" said Sheila Bair, former head of the U.S. Federal Deposit Insurance Corporation, of Powell's recent emphasis on the D.C. tent city, as well as his frequent mention of the nation's vast income inequality during the pandemic.</p>\n<p>\"But what the Fed really hasn't talked about,\" Bair said, is how \"inequality has been made worse by monetary policy,\" particularly since most assets, including soaring stocks benefit from his COVID-era policies, but are owned mostly by the wealthy .</p>\n<p>Bair, a key architect of post-2008 financial crisis banking reforms, wants to hear Powell speak more about the \"limits of monetary policy, that may be doing more harm than good,\" particularly when it comes to households and retirees looking to grow savings without taking on too much risk.</p>\n<p>\"No <a href=\"https://laohu8.com/S/AONE\">one</a> questions his motives, or his best of intentions,\" Bair said. \"But is it really helping more than it's hurting?\"</p>\n<p><b>End Ironclad</b></p>\n<p>Karen Petrou, a banking policy expert who recently finished writing a book called \"Engine of Inequality ,\" about the pitfalls of Fed policy, wants the Fed to stop relying on \"bad data\" to inform its decisions, while ignoring the fact that the U.S. no longer has a \"large and vibrant middle class.\"</p>\n<p>She also wants the Fed to promptly say it is opposed to keeping interest rates low as economic activity picks up, and to stop providing an \"ironclad\" safety net for sectors like the U.S. high-yield bond market.</p>\n<p>\"You take a risk, you pay the price,\" Petrou, the co-founder Federal Financial Analytics, Inc. told MarketWatch, while warning that Fed backstops, including its slate of emergency lending facilities rolled out last year, create an \"acute moral hazard\" that could be \"potentially terminal, with markets expecting the Fed always to rescue them.\"</p>\n<p>U.S. corporations borrowed record amounts of debt not only have kept credit flowing on Wall Street, but also contributed to accelerating asset values as investors hunted for yield.</p>\n<p>Earlier in April, yields on the \"junkiest\" bracket of CCC-rated and lower-rated U.S. high-yield bonds tumbled to a new low of about 7.1% , which compares with a record high of almost 40% in 2008.</p>\n<p>For a brief stretch last year, the Fed was buying up corporate debt for the first time in history. That program ended in late December, in part because borrowing conditions for big corporations rarely had been better, even for businesses considered fairly risky. But many market participants still view the program as idling in the background, waiting to be revived, if needed.</p>\n<p><b>About the Roaring '20s</b></p>\n<p>About a week ago, the new Federal Reserve Board Governor and forecast that U.S. gross domestic product could expand at a 6.5% rate for the year.</p>\n<p>Waller also suggested it was too early for the central bank to pull back its support, given the need to make up for the more than 8 million jobs still lost to the pandemic.</p>\n<p>The promise of continued monetary support until the economy fully heals along with the milestones hit in the U.S. vaccination rollout Dow Jones Industrial Average shrug off concerns around a potential capital-gains tax hike proposed by President Joe Biden this week and the S&amp;P 500 index finished Friday near a record high.</p>\n<p>It's probably as good a time as any to reflect on what followed past periods of vast U.S. wealth disparity .</p>\n<p>A decade of crisis followed the Roaring 1920s, a \"period of optimism and prosperity -- for some Americans,\" per the Herbert Hoover Presidential Library and Museum , which ended in the 1929 stock market crash and was followed by the 1933 banking crisis.</p>\n<p>While history also points to the pitfalls of unbridled speculation, the Fed has repeatedly vowed to do whatever it takes to keep credit flowing during the pandemic of the past year. The hope has been that it can keep businesses afloat until the COVID-19 threat recedes, while also preventing 1930s levels of economic distress.</p>\n<p>\"He's trying to come up with this narrative, that they are going to keep the foot on the pedal because of issues he's worried about with all of these people on the sidelines,\" said Peter Duffy, chief investment officer of credit at Penn Capital, about Powell's recent remarks on homeless encampments.</p>\n<p>\"But if you look at the JOLTS number, which tracks job openings , the evidence might suggest that some small businesses are having trouble finding workers, and that workers might need to be coaxed off the sidelines, because they have been receiving nice stimulus checks.\"</p>\n<p>But Duffy also expects the mismatch between job openings and those still out of work to ease this spring, as the weather warms in the northeast at least and more of the U.S. population gets fully vaccinated.</p>\n<p>\"A month or two matters, here, a lot,\" he said, in a telephone interview.</p>\n<p><b>Different ammunition</b></p>\n<p>\"What I worry about,\" Bair told MarketWatch, is that Powell's focus on tent cities could end up translating to even more aggressive Fed interventions into markets, which won't benefit lower-income workers who are most vulnerable to losing a job or a home, but instead ratchets up financial risks in the system.</p>\n<p>\"I do assume that they stay the course,\" Bair said of Powell's frequent reassurances that benchmark interest rates will stay steady, near zero, through 2023, even if the economy seems to be at an inflection point. \"But at least be more willing to use financial oversight powers to address some of the instabilities this is creating,\" she said.</p>\n<p>Despite what others may think, Bair also sees places where the Fed still has ammunition to use, even if it might look different.</p>\n<p>\"I would first and foremost make sure we have a stable financial system,\" Bair said. \"If we have another financial crisis, African American households are going to be hit the hardest, along with other lower-income families.\"</p>\n<p>\"I do think there is a lot of embedded bias in risk weight [measures and bank capital] requirements ,\" she said, adding that they \"disproportionately impact minority families.\" \"Causation isn't correlation, but at the end of the day, they make it a lot more profitable to lend to rich people.\"</p>\n<p>In terms of economic data in the week ahead, the highlight will probably be the release of the first estimate of first quarter economic growth or GDP on Thursday, a day after the Fed policy meeting statement and Powell's press conference on Wednesday.</p>\n<p>But investors will also digest U.S. durable and core capital goods orders for March on Monday, followed Tuesday by the latest Case-Shiller home price index, a consumer confidence index and the homeownership rate for the first quarter and Friday will bring data on personal income and spending.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MBB":"美国按揭抵押债券ETF-iShares"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2130364241","content_text":"Hoovervilles, the shantytowns built in New York City's Central Park and other open spaces during the Great Depression, became a lasting image of a decade scarred by soaring unemployment and hunger.\nWhen Federal Reserve Chairman Jerome Powell meets with officials next Wednesday to provide an update on the economy, there's little expectation for any policy changes, but investors no doubt will be listening to his remarks for hints about what the recovery in employment or rise in inflation after the pandemic might mean for financial markets.\nInvestors also may want to pay close attention to what else Powell might say.\n\"He's using his profile to call attention to it,\" said Sheila Bair, former head of the U.S. Federal Deposit Insurance Corporation, of Powell's recent emphasis on the D.C. tent city, as well as his frequent mention of the nation's vast income inequality during the pandemic.\n\"But what the Fed really hasn't talked about,\" Bair said, is how \"inequality has been made worse by monetary policy,\" particularly since most assets, including soaring stocks benefit from his COVID-era policies, but are owned mostly by the wealthy .\nBair, a key architect of post-2008 financial crisis banking reforms, wants to hear Powell speak more about the \"limits of monetary policy, that may be doing more harm than good,\" particularly when it comes to households and retirees looking to grow savings without taking on too much risk.\n\"No one questions his motives, or his best of intentions,\" Bair said. \"But is it really helping more than it's hurting?\"\nEnd Ironclad\nKaren Petrou, a banking policy expert who recently finished writing a book called \"Engine of Inequality ,\" about the pitfalls of Fed policy, wants the Fed to stop relying on \"bad data\" to inform its decisions, while ignoring the fact that the U.S. no longer has a \"large and vibrant middle class.\"\nShe also wants the Fed to promptly say it is opposed to keeping interest rates low as economic activity picks up, and to stop providing an \"ironclad\" safety net for sectors like the U.S. high-yield bond market.\n\"You take a risk, you pay the price,\" Petrou, the co-founder Federal Financial Analytics, Inc. told MarketWatch, while warning that Fed backstops, including its slate of emergency lending facilities rolled out last year, create an \"acute moral hazard\" that could be \"potentially terminal, with markets expecting the Fed always to rescue them.\"\nU.S. corporations borrowed record amounts of debt not only have kept credit flowing on Wall Street, but also contributed to accelerating asset values as investors hunted for yield.\nEarlier in April, yields on the \"junkiest\" bracket of CCC-rated and lower-rated U.S. high-yield bonds tumbled to a new low of about 7.1% , which compares with a record high of almost 40% in 2008.\nFor a brief stretch last year, the Fed was buying up corporate debt for the first time in history. That program ended in late December, in part because borrowing conditions for big corporations rarely had been better, even for businesses considered fairly risky. But many market participants still view the program as idling in the background, waiting to be revived, if needed.\nAbout the Roaring '20s\nAbout a week ago, the new Federal Reserve Board Governor and forecast that U.S. gross domestic product could expand at a 6.5% rate for the year.\nWaller also suggested it was too early for the central bank to pull back its support, given the need to make up for the more than 8 million jobs still lost to the pandemic.\nThe promise of continued monetary support until the economy fully heals along with the milestones hit in the U.S. vaccination rollout Dow Jones Industrial Average shrug off concerns around a potential capital-gains tax hike proposed by President Joe Biden this week and the S&P 500 index finished Friday near a record high.\nIt's probably as good a time as any to reflect on what followed past periods of vast U.S. wealth disparity .\nA decade of crisis followed the Roaring 1920s, a \"period of optimism and prosperity -- for some Americans,\" per the Herbert Hoover Presidential Library and Museum , which ended in the 1929 stock market crash and was followed by the 1933 banking crisis.\nWhile history also points to the pitfalls of unbridled speculation, the Fed has repeatedly vowed to do whatever it takes to keep credit flowing during the pandemic of the past year. The hope has been that it can keep businesses afloat until the COVID-19 threat recedes, while also preventing 1930s levels of economic distress.\n\"He's trying to come up with this narrative, that they are going to keep the foot on the pedal because of issues he's worried about with all of these people on the sidelines,\" said Peter Duffy, chief investment officer of credit at Penn Capital, about Powell's recent remarks on homeless encampments.\n\"But if you look at the JOLTS number, which tracks job openings , the evidence might suggest that some small businesses are having trouble finding workers, and that workers might need to be coaxed off the sidelines, because they have been receiving nice stimulus checks.\"\nBut Duffy also expects the mismatch between job openings and those still out of work to ease this spring, as the weather warms in the northeast at least and more of the U.S. population gets fully vaccinated.\n\"A month or two matters, here, a lot,\" he said, in a telephone interview.\nDifferent ammunition\n\"What I worry about,\" Bair told MarketWatch, is that Powell's focus on tent cities could end up translating to even more aggressive Fed interventions into markets, which won't benefit lower-income workers who are most vulnerable to losing a job or a home, but instead ratchets up financial risks in the system.\n\"I do assume that they stay the course,\" Bair said of Powell's frequent reassurances that benchmark interest rates will stay steady, near zero, through 2023, even if the economy seems to be at an inflection point. \"But at least be more willing to use financial oversight powers to address some of the instabilities this is creating,\" she said.\nDespite what others may think, Bair also sees places where the Fed still has ammunition to use, even if it might look different.\n\"I would first and foremost make sure we have a stable financial system,\" Bair said. \"If we have another financial crisis, African American households are going to be hit the hardest, along with other lower-income families.\"\n\"I do think there is a lot of embedded bias in risk weight [measures and bank capital] requirements ,\" she said, adding that they \"disproportionately impact minority families.\" \"Causation isn't correlation, but at the end of the day, they make it a lot more profitable to lend to rich people.\"\nIn terms of economic data in the week ahead, the highlight will probably be the release of the first estimate of first quarter economic growth or GDP on Thursday, a day after the Fed policy meeting statement and Powell's press conference on Wednesday.\nBut investors will also digest U.S. durable and core capital goods orders for March on Monday, followed Tuesday by the latest Case-Shiller home price index, a consumer confidence index and the homeownership rate for the first quarter and Friday will bring data on personal income and spending.","news_type":1},"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355567439,"gmtCreate":1617087396021,"gmtModify":1704801785528,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/H78.SI\">$HONGKONG LAND HOLDINGS LIMITED(H78.SI)$</a>Still not moving much","listText":"<a href=\"https://laohu8.com/S/H78.SI\">$HONGKONG LAND HOLDINGS LIMITED(H78.SI)$</a>Still not moving much","text":"$HONGKONG LAND HOLDINGS LIMITED(H78.SI)$Still not moving much","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/355567439","isVote":1,"tweetType":1,"viewCount":367,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3551192545977959","authorId":"3551192545977959","name":"Xanvierion","avatar":"https://static.tigerbbs.com/ae23ff378ec10adf11a07c98d41e7604","crmLevel":5,"crmLevelSwitch":1,"idStr":"3551192545977959","authorIdStr":"3551192545977959"},"content":"It's a matter of timeframe and perspective. If you purchased at the USD 3.6 lows. It's around 40% increase. [smile]","text":"It's a matter of timeframe and perspective. If you purchased at the USD 3.6 lows. It's around 40% increase. [smile]","html":"It's a matter of timeframe and perspective. If you purchased at the USD 3.6 lows. It's around 40% increase. [smile]"}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":103040563,"gmtCreate":1619740564052,"gmtModify":1704271570021,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/103040563","repostId":"2131534297","repostType":4,"isVote":1,"tweetType":1,"viewCount":269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":386458578,"gmtCreate":1613263134994,"gmtModify":1704879601156,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/386458578","repostId":"2110904027","repostType":4,"repost":{"id":"2110904027","pubTimestamp":1613120945,"share":"https://ttm.financial/m/news/2110904027?lang=&edition=fundamental","pubTime":"2021-02-12 17:09","market":"fut","language":"en","title":"Oil’s Red-Hot Rally Fizzles With Virus Continuing Hold on Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2110904027","media":"Bloomberg","summary":"(Bloomberg) -- Oil slipped below $58 a barrel as a recent rally fizzled with the Covid-19 pandemic c","content":"<p>(Bloomberg) -- Oil slipped below $58 a barrel as a recent rally fizzled with the Covid-19 pandemic continuing to weigh on the demand outlook and as <a href=\"https://laohu8.com/S/AONE\">one</a> technical indicator signaled prices may have climbed too far, too fast.</p><p>Futures in New York fell for a second session on Friday after surging more than 12% for the longest run of gains in two years. The enduring outbreak continues to crimp fuel consumption from China to the U.S., with the International Energy Agency cutting its demand forecast for 2021 and describing the market as fragile. The U.S. government earlier this week also predicted the nation’s petroleum demand will likely need much more time to recover.</p><p>Despite the bearish sentiment, oil is still set to eke out a weekly gain and some are optimistic on the longer term outlook, including the IEA. The market is tightening, traders such as Trafigura Group see prices moving higher, and Citigroup Inc. is predicting Brent crude may hit $70 a barrel by year-end.</p><p>Oil’s rapid rebound from the depths of the Covid-19 pandemic has accelerated this year after Saudi Arabia pledged to deepen output cuts. Prompt timespreads have firmed in a bullish backwardation structure, helping to unwind bloated stockpiles held in onshore tanks and on ships that swelled during the outbreak.</p><p>While the recent eight-day rally pushed oil prices to the highest level in a year, it also sent crude’s 14-day Relative Strength Index firmly into overbought territory, signaling a correction was due.</p><p>“It was a long, uninterrupted rally that had to take a breather,” said Vandana Hari, founder of consultancy Vanda Insights. “The next leg up in prices may need reassurance that OPEC+ do not proceed to open the spigots from April.”</p><p>The IEA cut its forecast for world oil consumption in 2021 by 200,000 barrels a day, according to a report released on Thursday. The agency also boosted its projection for supplies outside the OPEC cartel by 400,000 barrels a day as a price recovery spurs investment.</p><p>Still, the IEA predicted a rapid stock draw during the second half, while OPEC estimated stronger global demand over the same period. The cartel increased its forecast for the amount of crude it will need to supply in 2021 by 340,000 barrels a day on weaker output from rival producers, according to a separate report.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil’s Red-Hot Rally Fizzles With Virus Continuing Hold on Market</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\">\nOil’s Red-Hot Rally Fizzles With Virus Continuing Hold on Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-12 17:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/oil-extends-drop-below-58-234202757.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Oil slipped below $58 a barrel as a recent rally fizzled with the Covid-19 pandemic continuing to weigh on the demand outlook and as one technical indicator signaled prices may have ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oil-extends-drop-below-58-234202757.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3faadc006e67e6ac130a7b171f263b4d","relate_stocks":{"CVX":"雪佛龙","BAC":"美国银行","C":"花旗","XOM":"埃克森美孚","COP":"康菲石油"},"source_url":"https://finance.yahoo.com/news/oil-extends-drop-below-58-234202757.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2110904027","content_text":"(Bloomberg) -- Oil slipped below $58 a barrel as a recent rally fizzled with the Covid-19 pandemic continuing to weigh on the demand outlook and as one technical indicator signaled prices may have climbed too far, too fast.Futures in New York fell for a second session on Friday after surging more than 12% for the longest run of gains in two years. The enduring outbreak continues to crimp fuel consumption from China to the U.S., with the International Energy Agency cutting its demand forecast for 2021 and describing the market as fragile. The U.S. government earlier this week also predicted the nation’s petroleum demand will likely need much more time to recover.Despite the bearish sentiment, oil is still set to eke out a weekly gain and some are optimistic on the longer term outlook, including the IEA. The market is tightening, traders such as Trafigura Group see prices moving higher, and Citigroup Inc. is predicting Brent crude may hit $70 a barrel by year-end.Oil’s rapid rebound from the depths of the Covid-19 pandemic has accelerated this year after Saudi Arabia pledged to deepen output cuts. Prompt timespreads have firmed in a bullish backwardation structure, helping to unwind bloated stockpiles held in onshore tanks and on ships that swelled during the outbreak.While the recent eight-day rally pushed oil prices to the highest level in a year, it also sent crude’s 14-day Relative Strength Index firmly into overbought territory, signaling a correction was due.“It was a long, uninterrupted rally that had to take a breather,” said Vandana Hari, founder of consultancy Vanda Insights. “The next leg up in prices may need reassurance that OPEC+ do not proceed to open the spigots from April.”The IEA cut its forecast for world oil consumption in 2021 by 200,000 barrels a day, according to a report released on Thursday. The agency also boosted its projection for supplies outside the OPEC cartel by 400,000 barrels a day as a price recovery spurs investment.Still, the IEA predicted a rapid stock draw during the second half, while OPEC estimated stronger global demand over the same period. The cartel increased its forecast for the amount of crude it will need to supply in 2021 by 340,000 barrels a day on weaker output from rival producers, according to a separate report.","news_type":1},"isVote":1,"tweetType":1,"viewCount":28,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123060347,"gmtCreate":1624403803989,"gmtModify":1703835444416,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/123060347","repostId":"1118580429","repostType":4,"isVote":1,"tweetType":1,"viewCount":615,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181782531,"gmtCreate":1623411909823,"gmtModify":1704202882876,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>will it rocket today?","listText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>will it rocket today?","text":"$ContextLogic Inc.(WISH)$will it rocket today?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/181782531","isVote":1,"tweetType":1,"viewCount":1477,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317008233,"gmtCreate":1612392712222,"gmtModify":1704870557964,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/IPOF\">$Social Capital Hedosophia Holdings Corp VI(IPOF)$</a>Any news? Post market went up so much.&nbsp;","listText":"<a href=\"https://laohu8.com/S/IPOF\">$Social Capital Hedosophia Holdings Corp VI(IPOF)$</a>Any news? Post market went up so much.&nbsp;","text":"$Social Capital Hedosophia Holdings Corp VI(IPOF)$Any news? Post market went up so much.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/317008233","isVote":1,"tweetType":1,"viewCount":626,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003031748,"gmtCreate":1640823079582,"gmtModify":1676533544477,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003031748","repostId":"2195466435","repostType":4,"isVote":1,"tweetType":1,"viewCount":494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183310463,"gmtCreate":1623306531952,"gmtModify":1704200534811,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Sure","listText":"Sure","text":"Sure","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183310463","repostId":"2142024176","repostType":4,"repost":{"id":"2142024176","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":1623305400,"share":"https://ttm.financial/m/news/2142024176?lang=&edition=fundamental","pubTime":"2021-06-10 14:10","market":"us","language":"en","title":"Pfizer to provide U.S. with 500 million COVID-19 vaccines to donate to world","url":"https://stock-news.laohu8.com/highlight/detail?id=2142024176","media":"Reuters","summary":"BERLIN, June 10 (Reuters) - Pfizer and German partner BioNTech said on Thursday they have agreed to ","content":"<p>BERLIN, June 10 (Reuters) - Pfizer and German partner BioNTech said on Thursday they have agreed to supply the U.S. government with 500 million doses of their COVID-19 vaccine to donate to poorer countries over the next two years.</p>\n<p>The two drugmakers will provide 200 million doses in 2021 and 300 million doses in the first half of 2022, which the United States will then distribute to 92 lower-income countries and the African Union, they said.</p>\n<p>The shots, which will be produced at Pfizer's U.S. production sites, will be provided at a not-for-profit price.</p>\n<p>\"Our partnership with the U.S. government will help bring hundreds of millions of doses of our vaccine to the poorest countries around the world as quickly as possible,\" said Pfizer Chief Executive Albert Bourla.</p>\n<p>Deliveries of the 200 million doses will begin in August 2021 and continue through the remainder of the year, they said, while the 300 million doses for 2022 are planned to be delivered between January and the end of June.</p>\n<p>The U.S. government also has the option for additional doses.</p>\n<p>Pfizer and Biontech said the doses are part of a previously announced pledge to provide two billion doses of the COVID-19 vaccine to low- and middle-income countries over the next 18 months.</p>\n<p>Reuters reported on Wednesday the Biden Administration plans to donate coronavirus vaccines to lower-income countries.</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>Pfizer to provide U.S. with 500 million COVID-19 vaccines to donate to world</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\">\nPfizer to provide U.S. with 500 million COVID-19 vaccines to donate to world\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\">2021-06-10 14:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BERLIN, June 10 (Reuters) - Pfizer and German partner BioNTech said on Thursday they have agreed to supply the U.S. government with 500 million doses of their COVID-19 vaccine to donate to poorer countries over the next two years.</p>\n<p>The two drugmakers will provide 200 million doses in 2021 and 300 million doses in the first half of 2022, which the United States will then distribute to 92 lower-income countries and the African Union, they said.</p>\n<p>The shots, which will be produced at Pfizer's U.S. production sites, will be provided at a not-for-profit price.</p>\n<p>\"Our partnership with the U.S. government will help bring hundreds of millions of doses of our vaccine to the poorest countries around the world as quickly as possible,\" said Pfizer Chief Executive Albert Bourla.</p>\n<p>Deliveries of the 200 million doses will begin in August 2021 and continue through the remainder of the year, they said, while the 300 million doses for 2022 are planned to be delivered between January and the end of June.</p>\n<p>The U.S. government also has the option for additional doses.</p>\n<p>Pfizer and Biontech said the doses are part of a previously announced pledge to provide two billion doses of the COVID-19 vaccine to low- and middle-income countries over the next 18 months.</p>\n<p>Reuters reported on Wednesday the Biden Administration plans to donate coronavirus vaccines to lower-income countries.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142024176","content_text":"BERLIN, June 10 (Reuters) - Pfizer and German partner BioNTech said on Thursday they have agreed to supply the U.S. government with 500 million doses of their COVID-19 vaccine to donate to poorer countries over the next two years.\nThe two drugmakers will provide 200 million doses in 2021 and 300 million doses in the first half of 2022, which the United States will then distribute to 92 lower-income countries and the African Union, they said.\nThe shots, which will be produced at Pfizer's U.S. production sites, will be provided at a not-for-profit price.\n\"Our partnership with the U.S. government will help bring hundreds of millions of doses of our vaccine to the poorest countries around the world as quickly as possible,\" said Pfizer Chief Executive Albert Bourla.\nDeliveries of the 200 million doses will begin in August 2021 and continue through the remainder of the year, they said, while the 300 million doses for 2022 are planned to be delivered between January and the end of June.\nThe U.S. government also has the option for additional doses.\nPfizer and Biontech said the doses are part of a previously announced pledge to provide two billion doses of the COVID-19 vaccine to low- and middle-income countries over the next 18 months.\nReuters reported on Wednesday the Biden Administration plans to donate coronavirus vaccines to lower-income countries.","news_type":1},"isVote":1,"tweetType":1,"viewCount":363,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003133049,"gmtCreate":1640907577140,"gmtModify":1676533552683,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Both","listText":"Both","text":"Both","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003133049","repostId":"1139674064","repostType":4,"isVote":1,"tweetType":1,"viewCount":421,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188810156,"gmtCreate":1623427509075,"gmtModify":1704203546311,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>when will it rebound","listText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>when will it rebound","text":"$ContextLogic Inc.(WISH)$when will it rebound","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/188810156","isVote":1,"tweetType":1,"viewCount":776,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355567439,"gmtCreate":1617087396021,"gmtModify":1704801785528,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/H78.SI\">$HONGKONG LAND HOLDINGS LIMITED(H78.SI)$</a>Still not moving much","listText":"<a href=\"https://laohu8.com/S/H78.SI\">$HONGKONG LAND HOLDINGS LIMITED(H78.SI)$</a>Still not moving much","text":"$HONGKONG LAND HOLDINGS LIMITED(H78.SI)$Still not moving much","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/355567439","isVote":1,"tweetType":1,"viewCount":367,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3551192545977959","authorId":"3551192545977959","name":"Xanvierion","avatar":"https://static.tigerbbs.com/ae23ff378ec10adf11a07c98d41e7604","crmLevel":5,"crmLevelSwitch":1,"idStr":"3551192545977959","authorIdStr":"3551192545977959"},"content":"It's a matter of timeframe and perspective. If you purchased at the USD 3.6 lows. It's around 40% increase. [smile]","text":"It's a matter of timeframe and perspective. If you purchased at the USD 3.6 lows. It's around 40% increase. [smile]","html":"It's a matter of timeframe and perspective. If you purchased at the USD 3.6 lows. It's around 40% increase. [smile]"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314185738,"gmtCreate":1612319619624,"gmtModify":1704869687484,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TDAC\">$Trident Acquisitions Corp(TDAC)$</a>DA should beannouncing soon. Their press release mentioned they are finalizing soon. Last chance to buy.&nbsp;","listText":"<a href=\"https://laohu8.com/S/TDAC\">$Trident Acquisitions Corp(TDAC)$</a>DA should beannouncing soon. Their press release mentioned they are finalizing soon. Last chance to buy.&nbsp;","text":"$Trident Acquisitions Corp(TDAC)$DA should beannouncing soon. Their press release mentioned they are finalizing soon. Last chance to buy.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/314185738","isVote":1,"tweetType":1,"viewCount":196,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when your initial post [Bixin] [Bixin] comes, I hope you can have a good time and earn a good time in Tiger Community! If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when your initial post [Bixin] [Bixin] comes, I hope you can have a good time and earn a good time in Tiger Community! If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when your initial post [Bixin] [Bixin] comes, I hope you can have a good time and earn a good time in Tiger Community! If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003031257,"gmtCreate":1640823056301,"gmtModify":1676533544500,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003031257","repostId":"1173190687","repostType":4,"repost":{"id":"1173190687","pubTimestamp":1640820257,"share":"https://ttm.financial/m/news/1173190687?lang=&edition=fundamental","pubTime":"2021-12-30 07:24","market":"us","language":"en","title":"Intel Sells SSD Business and Dalian Facility to SK hynix","url":"https://stock-news.laohu8.com/highlight/detail?id=1173190687","media":"Businesswire","summary":"SANTA CLARA, Calif.--(BUSINESS WIRE)--Intel Corporation today announced it has completed the first c","content":"<html><head></head><body><p>SANTA CLARA, Calif.--(BUSINESS WIRE)--Intel Corporation today announced it has completed the first closing of the sale of its NAND and SSD business, selling its SSD business (including the transfer of certain NAND SSD-associated intellectual properties (IP) and employees) and the Dalian NAND memory manufacturing facility in China to Seoul-based SK hynix. In exchange, SK hynix will pay Intel US$7 billion in consideration.The dea lwas announced Oct. 19, 2020.</p><p>Intel will continue to manufacture NAND wafers at SK hynix’s Dalian memory manufacturing facility and retain certain IP related to the manufacture and design of NAND flash wafers until the final closing of the transaction. The final closing is expected to occur in or after March 2025, when SK hynix will acquire from Intel the remaining NAND business assets, including certain IP related to the manufacture and design of NAND flash wafers, R&amp;D employees and the Dalian fab workforce, for US$2 billion.</p><p>The SSD business will transition to a newly formed company, Solidigm, a subsidiary of SK hynix. Solidigm, whose name reflects a new paradigm in solid-state storage, will name Robert (Rob) B. Crooke as CEO. Crooke was previously senior vice president and general manager of Intel’s Non-Volatile Memory Solutions Group. Solidigm will have its headquarters in San Jose, California.</p><p>As previously disclosed, Intel intends to invest transaction proceeds to deliver leadership products and advance its long-term growth priorities.</p><p>Intel shares fell 0.44% in after-hours trading.<img src=\"https://static.tigerbbs.com/8fe0ee071b869baff53a040eb60bf257\" tg-width=\"728\" tg-height=\"594\" width=\"100%\" height=\"auto\"/></p></body></html>","source":"lsy1584686423112","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel Sells SSD Business and Dalian Facility to SK hynix</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel Sells SSD Business and Dalian Facility to SK hynix\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-30 07:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesswire.com/news/home/20211229005403/en/Intel-Sells-SSD-Business-and-Dalian-Facility-to-SK-hynix><strong>Businesswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SANTA CLARA, Calif.--(BUSINESS WIRE)--Intel Corporation today announced it has completed the first closing of the sale of its NAND and SSD business, selling its SSD business (including the transfer of...</p>\n\n<a href=\"https://www.businesswire.com/news/home/20211229005403/en/Intel-Sells-SSD-Business-and-Dalian-Facility-to-SK-hynix\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://www.businesswire.com/news/home/20211229005403/en/Intel-Sells-SSD-Business-and-Dalian-Facility-to-SK-hynix","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173190687","content_text":"SANTA CLARA, Calif.--(BUSINESS WIRE)--Intel Corporation today announced it has completed the first closing of the sale of its NAND and SSD business, selling its SSD business (including the transfer of certain NAND SSD-associated intellectual properties (IP) and employees) and the Dalian NAND memory manufacturing facility in China to Seoul-based SK hynix. In exchange, SK hynix will pay Intel US$7 billion in consideration.The dea lwas announced Oct. 19, 2020.Intel will continue to manufacture NAND wafers at SK hynix’s Dalian memory manufacturing facility and retain certain IP related to the manufacture and design of NAND flash wafers until the final closing of the transaction. The final closing is expected to occur in or after March 2025, when SK hynix will acquire from Intel the remaining NAND business assets, including certain IP related to the manufacture and design of NAND flash wafers, R&D employees and the Dalian fab workforce, for US$2 billion.The SSD business will transition to a newly formed company, Solidigm, a subsidiary of SK hynix. Solidigm, whose name reflects a new paradigm in solid-state storage, will name Robert (Rob) B. Crooke as CEO. Crooke was previously senior vice president and general manager of Intel’s Non-Volatile Memory Solutions Group. Solidigm will have its headquarters in San Jose, California.As previously disclosed, Intel intends to invest transaction proceeds to deliver leadership products and advance its long-term growth priorities.Intel shares fell 0.44% in after-hours trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158991742,"gmtCreate":1625119156586,"gmtModify":1703736536952,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Hopefully this is true and will rocket soon","listText":"Hopefully this is true and will rocket soon","text":"Hopefully this is true and will rocket soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158991742","repostId":"158900981","repostType":1,"repost":{"id":158900981,"gmtCreate":1625117665943,"gmtModify":1703736516608,"author":{"id":"3573943942927358","authorId":"3573943942927358","name":"Ola5528","avatar":"https://static.tigerbbs.com/80f475dff1b8107d8a24e19220f0038d","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573943942927358","authorIdStr":"3573943942927358"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>This is in consolidation mode, I’m still holding on because I believe it when the breakout comes, it will be explosive! ???","listText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>This is in consolidation mode, I’m still holding on because I believe it when the breakout comes, it will be explosive! ???","text":"$ContextLogic Inc.(WISH)$This is in consolidation mode, I’m still holding on because I believe it when the breakout comes, it will be explosive! ???","images":[{"img":"https://static.tigerbbs.com/42de1dda93bd44c4bbb446a6d2ffdb95","width":"828","height":"1434"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158900981","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":464,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187977413,"gmtCreate":1623737929732,"gmtModify":1704210035405,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Good for long term","listText":"Good for long term","text":"Good for long term","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187977413","repostId":"1140381227","repostType":4,"repost":{"id":"1140381227","pubTimestamp":1623736805,"share":"https://ttm.financial/m/news/1140381227?lang=&edition=fundamental","pubTime":"2021-06-15 14:00","market":"us","language":"en","title":"Why Adobe Could Be Worth $590: A Promising Look Ahead Of Q2 Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=1140381227","media":"seekingalpha","summary":"Summary\n\nDespite rising over 8% in the past week ahead of earnings, there is still room for upside i","content":"<p><b>Summary</b></p>\n<ul>\n <li>Despite rising over 8% in the past week ahead of earnings, there is still room for upside in Adobe stock.</li>\n <li>The firm is well-positioned to benefit from trends in the immediate future and beyond.</li>\n <li>Adobe’s scale and dominance will allow it to continue to thrive and benefit from rapid growth in its total addressable market across its diverse products.</li>\n <li>Strong Q2 earnings could be the catalyst to push the stock over $600.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c4641d2a64b72a5def91db89c766c634\" tg-width=\"1536\" tg-height=\"1023\" referrerpolicy=\"no-referrer\"><span>hapabapa/iStock Editorial via Getty Images</span></p>\n<p><b>I. Investment Thesis</b></p>\n<p>Despite rallying well over 8% in the past week ahead of earnings, there is still room for upside in Adobe Inc. (NASDAQ:ADBE) stock.</p>\n<p>Adobe's historical success with execution of a transition to a cloud-based subscription model will continue to drive strong revenue growth.</p>\n<p>The firm is also well-positioned to benefit from trends in the immediate future and beyond, however, many of these trends and growth opportunities are unrecognized.</p>\n<p>Adobe's scale and dominance will allow it to continue to thrive and benefit from rapid growth in its total addressable market across its diverse products.</p>\n<p>Lastly, strong Q2 earnings could be the catalyst to push the stock over $600 in a bull scenario.</p>\n<p><b>II. Company Overview</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f64603318c032d51062fefbac14e0a4\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>Adobe operates worldwide, offering software and services used by professionals, marketers, students, and more for creating, managing, measuring, and engaging with compelling content and experiences. As of&nbsp;Q1 FY 2021, the firm generates their revenue from three main segments: Digital Media (~73% of revenues), Digital Experience (~24%), and Publishing &amp; Advertising (~3%).</p>\n<p>The digital media segment includes their most well-known product, Creative Cloud, as well as Document Cloud. Creative Cloud is a diverse toolkit built for creating, publishing, and promoting digital content. Some of the most well-known applications include Photoshop and Illustrator. Adobe Document Cloud is gaining momentum against pure-play firms like DocuSign and is becoming a fierce competitor, especially with regard to small and medium-sized businesses.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0cc4cdfcefc85d46031470ea14b0b96\" tg-width=\"640\" tg-height=\"534\"><span>(Figure 2.1: All Adobe Creative Cloud and Document Cloud tools. Source:Adobe Investor Relations)</span></p>\n<p>The Digital Experience Cloud is designed to help users manage, measure, automate, and optimize customer experiences and customer engagement. Adobe has done a great job expanding into various industries through this segment, including retail, media, financial services, technology, education, and more. The segment has been slowly increasing in size and can be expected to provide long-term support to Adobe's strong revenue growth.</p>\n<p>The third segment, formerly known as Print &amp; Publishing, was renamed last quarter to \"Publishing &amp; Advertising\", as Adobe shifted the revenues from their advertising portion of Digital Experience to this new segment. With the demand of print on the decline, this reclassification allows for a more accurate balance of product divisions. With data from only one quarter of this new classification, it's hard to evaluate the performance of advertising, but there should be more clarity over the next few quarters.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87624e36a52106e31d0d80466051fbed\" tg-width=\"640\" tg-height=\"306\"><span>(Figure 2.2: Some large organizations and industries using Experience Cloud. Source: Personal Pitch Deck;Adobe Financial Analyst Meeting 2020 Slides, Adobe Investor Relations)</span></p>\n<p><b>III. Growth Drivers1) Digital Business Transformation</b></p>\n<p>Historically, Adobe has been one of the most successful firms in migrating a user base from a traditional one-time license-based model to a cloud-based subscription revenue model. A cloud-based subscription model is extremely crucial as it allows technology firms to see more stability in future revenue streams. As of last quarter, Adobe generates approximately 83% of revenues through a recurring stream. For analysts and investors, this gives confidence and a much clearer indication as to the quality and consistency of cash flows. It also allows cloud firms to strengthen margins and benefit from scale, which we already see with Adobe. Subscription revenues are derived from the Digital Media and Digital Experience segments, and the new Publishing &amp; Advertising Segment (not accounted for below).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae29c71332820c9ea3bc7feb3e34f3f4\" tg-width=\"612\" tg-height=\"287\"><span>(Figure 3.1: Subscription Revenue by Segment &amp; Growth. Source: Personal Financial Model;Adobe 10-Qs and 10-Ks 2017-2021)</span></p>\n<p>Annualized recurring revenue, a more software industry-specific metric, sheds light on how much revenue the firm generates over the course of a year that is guaranteed to occur again. This value doesn't just tell us how much revenue is generated from subscriptions and contracts, but also roughly the net value of expansions and churn. As ARR growth continues to be positive, we see that a) more customers are paying for services each year, and b) customers are on average spending more with Adobe. Essentially, net expansions are outweighing churn, which could mean either a) or b) above, or a mix of both. Since the quantifiable values of net expansion and churn are not readily available in public filings, it is too difficult to explore this avenue further.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/94c83308896f43725bd3fa575223afd3\" tg-width=\"640\" tg-height=\"315\"><span>(Figure 3.2: ARR and % Growth. Source: Personal Financial Model; Adobe 10-Qs and 10-Ks 2017-2021)</span></p>\n<p>Even with a plateau of subscription and ARR growth, we are seeing &gt;20% YoY revenue growth for a large-cap firm that has been a leader in the industry for well over a decade. The customer transition to the new revenue model is essentially complete and has consistently outperformed expectations, with stronger comparable margins across the board as Adobe continues to dominate in scale.</p>\n<p><b>2) Advertising, Analytics, &amp; New Tech</b></p>\n<p>Various profitable digital and marketing-related trends of 2021 and into the future include e-commerce, analytics, AI &amp; automation, augmented reality, and virtual reality. We typically see large software firms position themselves to benefit from tailwinds through R&amp;D to strengthen innovation, or M&amp;A to expand market share and product diversification.</p>\n<p>Adobe has recently completed over a dozen strategic acquisitions and investments that revolve around these key areas. The firm is taking care to ensure their most recent acquisitions will be effectively integrated into their respective platforms to set up strong market positioning. At the end of last year, we heard from management that the team was most likely not planning any large acquisitions in 2021, mainly because 1) speculative software is trading at high multiples and is overvalued, and 2) so they can focus on working with what they currently have.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b3d4103feae0e6b47c7e25cb538ad6a8\" tg-width=\"640\" tg-height=\"268\"><span>(Figure 3.3: Acquisitions &amp; Investments, 2018-2021. Source: Bloomberg)</span></p>\n<p>Spending about 17% of revenues on R&amp;D as of last quarter, the firm has utilized their capital efficiently to foster innovation and a competitive edge. Adobe most recently has worked to expand the breadth of their Creative Cloud tools - especially ones designed for mobile devices - to increase the appeal of their products to different user groups in new or unique markets.</p>\n<p>Effective use of capital towards R&amp;D and M&amp;A initiatives led by strong margins and cash flows should allow the company to gain traction in new verticals and continue to accelerate revenue growth in the subscription segment.</p>\n<p><b>3) Market and Global Opportunity</b></p>\n<p>As the firm shed light on its Total Addressable Market [TAM] for the next few years in its financial analyst meeting of 2020, Adobe has huge plans to capture diverse user groups to an expanding TAM in Creative Cloud, Document Cloud, and Experience Cloud by 2023 - their largest areas for growth. The projected TAM in these segments from 2021 to 2023 has grown 40.4%*, 180.0%*, and 19.4%*, respectively. We see Adobe has the largest potential in its Digital Media segment through Creative Cloud and Document Cloud, although the market for its Experience Cloud has still grown modestly. In the figures below, we take a look at some of these numbers, and some of the plans outlined by Adobe.</p>\n<p><i>(* - numbers calculated from financial analyst meeting slides from2018,2019, and2020, respectively)</i></p>\n<p><img src=\"https://static.tigerbbs.com/78c05a2d3b73284773f38278b989864a\" tg-width=\"640\" tg-height=\"339\" referrerpolicy=\"no-referrer\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9cbbdf4bdb593b40ba4be71e3483ac91\" tg-width=\"640\" tg-height=\"340\"><span>(Figures 3.4, 3.5, &amp; 3.6: Total Addressable Market, various product lines. Source: Financial Analyst Meeting 2020 Slides, Adobe Investor Relations)</span></p>\n<p>Adobe's product depth, market share, customer loyalty, and high brand recognition for their flagship creative software over the past two decades make a strong case as to why the firm can be expected to successfully execute its intermediate-term growth strategies. Adobe is positioned well to benefit from growth in the total addressable market for all three segments and specific products.</p>\n<p>We have seen from earlier mentions of Adobe's expansion into key areas that they have already been successful in penetrating markets with web and mobile-based tools, and increased adoption of 3D development. This reinforces my view of Adobe's ability to continue to capture a larger share of the total addressable market for its Creative Cloud.</p>\n<p>The firm's deep customer loyalty and brand recognition will allow the firm to continue to grab larger shares of the CRM market with their Experience Cloud platform as the company continues to expand further into unique industries like healthcare and education.</p>\n<p>In this section, I'd also like to explore the importance of strong margins a bit further. According to Bloomberg data, Adobe's subscription revenue (which is generated from its cloud-based business) achieved a gross margin of 91% last quarter. If we look back to 2009, before Adobe began their transition to a cloud-based model, gross margin from subscription revenue was ~35%. For Salesforce (NYSE:CRM), another large-cap application software firm, gross margin last quarter from subscription was ~80%. Previously to their cloud model, in 2008, Salesforce's gross margin for the segment was ~87%.</p>\n<p>My conclusion is that a company like Salesforce has struggled to execute a long-term cloud strategy that would allow them to truly benefit from scale. With the growth in gross margin for Adobe from 35% to 91% (a 160% increase) from 2009 to 2021, this means that cost of revenue for subscription and cloud-based services has been decreasing proportionally, which makes sense for a strategy that has been executed successfully. Essentially, this gives firms like Adobe the upper hand with the ability to reinvest more capital into the business to achieve its strategic initiatives, such as those outlined in their financial analyst meeting slides above.</p>\n<p>Next is global opportunity. As consumer confidence continues to increase, Global IT Spending is already on the rebound, benefitting Adobe nicely. Results for Q1 FY2021 gave insight toward how enterprises are increasing software spending again post-pandemic, with total revenue up about 26% over the previous quarter. This, along with Adobe's solid performance during the pandemic, prove how strong the company's fundamentals really are.</p>\n<p>Furthermore, Adobe currently generates ~58% of revenues from the Americas, which means that they already have proven success in other areas globally. If Adobe can increase exposure specifically in EMEA it can be lucrative as emerging markets are expected to outperform and benefit from increased foreign investment. There is more to be explored in this area of expansion.</p>\n<p><b>IV. Major Risks</b></p>\n<p>Although subscription growth is beginning to plateau at about 20% YoY, in the next few years, it may begin to decline. This means Adobe must work harder in gaining a competitive edge, most likely through M&amp;A and R&amp;D. If Adobe does not effectively integrate its acquisitions into its platforms, it can impact margins short-term and prove to be inefficient use of capital. With a strong cash flow and relatively small debt load, even in this scenario, I don't believe it would impact Adobe's ability to generate cash flows intermediate to long term.</p>\n<p>According to an analysis of Porter's Five Forces, the application software subsector has a high degree of competition and a medium threat of substitutes. Currently, Salesforce dominates the relationship management space. Adobe is gaining traction, but due to the long enterprise sales cycle nature of the industry, there may be a lag in a shift to an environment that is more favorable for Adobe's Experience Cloud growth. Therefore, stock price may not accurately reflect the success of this segment immediately.</p>\n<p>Software products are reliant on the same enterprise IT budget of a given firm. Adobe and other large-cap application software firms may have to develop a strategy to reduce costs and pricing short-term. However, with strong roots in the industry, a successful business model, and a long sales cycle, I don't see this having a huge impact on Adobe's market share.</p>\n<p>Although consumer confidence has continued to increase post-pandemic, there are still unprecedented effects that are unexpected and cannot be measured. If Global IT Spending does not rebound as quickly as expected, Adobe may continue to see quarters of unexpectedly slow growth. This is most damaging for companies that rely on large enterprise spending. However, the technology firms that seem to be benefitting the most from the pandemic and lockdown orders are cloud-based software.</p>\n<p><b>V. Valuation</b></p>\n<p><b>1) Comparative Valuation</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb5f13cdb163707d91d814d480a77cb4\" tg-width=\"563\" tg-height=\"292\"><span>(Figure 4.1: Comparable Analysis. Source: Bloomberg)</span></p>\n<p>Starting with a quick comparative analysis, we see that Adobe is trading at a slight discount to its peers. In an industry that is highly speculative, Adobe provides an investment in a stock with less risk and solid returns.</p>\n<p>An interesting analysis I conducted was a comparison of R&amp;D expenditures to future projected revenue growth to get insight as to how efficient software firms are at utilizing their profits to focus on firm growth. In an industry where differentiation and innovation are key, I thought this concept would be interesting to observe. The graph below displays the top 25 application software firms, by market cap. Essentially, any firm above the line is currently using their capital efficiently towards greater growth, while those below the line are not using their capital efficiently. Comparing the findings of this graph with the risk vs. return of stocks above the line, we further see that Adobe is a solid long-term pick.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f7b2e34e56a06154b15bbe16a9936cf1\" tg-width=\"640\" tg-height=\"346\"><span>(Figure 4.2: R&amp;D vs. Future Revenue Growth Forecast. Source: Bloomberg; Personal Pitch Deck)</span></p>\n<p><b>2) Intrinsic Valuation</b></p>\n<p>The first set of calculations was forecasting future revenue streams of the business segments. Based on my research and assumptions, I used a weighted moving average to calculate growth rates, then used a regression of historical market and industry growth expectations to adjust the top-line revenue estimates. The rest of the model was built upon a mix of more industry expectations, as well as assumptions, estimates, and long-term goals set forth by management.</p>\n<p>I calculated a discount rate of 6.87%, which was used to discount the projected cash flows until 2025. To calculate the present value of the cash flows of 2026-beyond, I used the perpetual growth rate method, and based on my concluding research, assumed a perpetual growth rate of 3.5%. This brought me to a 12-month PT of ~$590.</p>\n<p>In a bull case scenario where revenue growth exceeds 20% YoY from 2022-2025, or where the perpetual growth rate assumed in the model is changed to 4.0%, we see the price target soaring above $600.</p>\n<p>When initially developing my model and report, Adobe stock was ~$485. However, we've seen a run up of the price over the past few days, from about $515 to surpassing $550. It is typical to see a rally in tech stocks before their earnings, which deflates the potential return. This means that there may be a solid entry point immediately post-earnings, depending on if the price drops or not.</p>\n<p>Furthermore, this does not consider Adobe's share buyback plan that was authorized, which would increase the value of shares and earnings. I think that Q2 earnings should provide more clarity.</p>\n<p><b>VI. Conclusion</b></p>\n<p>Adobe has seen major success in growth and scale, which will support its strategic initiatives. The firm has proven to be a leader in 2021 macroeconomic and software industry trends, which will provide tailwinds for growth of its subscription-based segments.</p>\n<p>With inflation fears, right now is the time to shift investments diversified across technology to more fundamentally stable large-cap firms, like Adobe, to combat uncertainty. I think there should be an optimal entry point immediately post-earnings, unless earnings drive the price higher after-hours. Regardless, as a growth prospect with proven cash flows and healthy margins, I see any entry in Adobe as a solid-long term pick that is less speculative of a play.</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 Adobe Could Be Worth $590: A Promising Look Ahead Of Q2 Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Adobe Could Be Worth $590: A Promising Look Ahead Of Q2 Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 14:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4434786-why-adobe-stock-could-be-worth-590-dollars><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nDespite rising over 8% in the past week ahead of earnings, there is still room for upside in Adobe stock.\nThe firm is well-positioned to benefit from trends in the immediate future and beyond...</p>\n\n<a href=\"https://seekingalpha.com/article/4434786-why-adobe-stock-could-be-worth-590-dollars\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ADBE":"Adobe"},"source_url":"https://seekingalpha.com/article/4434786-why-adobe-stock-could-be-worth-590-dollars","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140381227","content_text":"Summary\n\nDespite rising over 8% in the past week ahead of earnings, there is still room for upside in Adobe stock.\nThe firm is well-positioned to benefit from trends in the immediate future and beyond.\nAdobe’s scale and dominance will allow it to continue to thrive and benefit from rapid growth in its total addressable market across its diverse products.\nStrong Q2 earnings could be the catalyst to push the stock over $600.\n\nhapabapa/iStock Editorial via Getty Images\nI. Investment Thesis\nDespite rallying well over 8% in the past week ahead of earnings, there is still room for upside in Adobe Inc. (NASDAQ:ADBE) stock.\nAdobe's historical success with execution of a transition to a cloud-based subscription model will continue to drive strong revenue growth.\nThe firm is also well-positioned to benefit from trends in the immediate future and beyond, however, many of these trends and growth opportunities are unrecognized.\nAdobe's scale and dominance will allow it to continue to thrive and benefit from rapid growth in its total addressable market across its diverse products.\nLastly, strong Q2 earnings could be the catalyst to push the stock over $600 in a bull scenario.\nII. Company Overview\nData by YCharts\nAdobe operates worldwide, offering software and services used by professionals, marketers, students, and more for creating, managing, measuring, and engaging with compelling content and experiences. As of Q1 FY 2021, the firm generates their revenue from three main segments: Digital Media (~73% of revenues), Digital Experience (~24%), and Publishing & Advertising (~3%).\nThe digital media segment includes their most well-known product, Creative Cloud, as well as Document Cloud. Creative Cloud is a diverse toolkit built for creating, publishing, and promoting digital content. Some of the most well-known applications include Photoshop and Illustrator. Adobe Document Cloud is gaining momentum against pure-play firms like DocuSign and is becoming a fierce competitor, especially with regard to small and medium-sized businesses.\n(Figure 2.1: All Adobe Creative Cloud and Document Cloud tools. Source:Adobe Investor Relations)\nThe Digital Experience Cloud is designed to help users manage, measure, automate, and optimize customer experiences and customer engagement. Adobe has done a great job expanding into various industries through this segment, including retail, media, financial services, technology, education, and more. The segment has been slowly increasing in size and can be expected to provide long-term support to Adobe's strong revenue growth.\nThe third segment, formerly known as Print & Publishing, was renamed last quarter to \"Publishing & Advertising\", as Adobe shifted the revenues from their advertising portion of Digital Experience to this new segment. With the demand of print on the decline, this reclassification allows for a more accurate balance of product divisions. With data from only one quarter of this new classification, it's hard to evaluate the performance of advertising, but there should be more clarity over the next few quarters.\n(Figure 2.2: Some large organizations and industries using Experience Cloud. Source: Personal Pitch Deck;Adobe Financial Analyst Meeting 2020 Slides, Adobe Investor Relations)\nIII. Growth Drivers1) Digital Business Transformation\nHistorically, Adobe has been one of the most successful firms in migrating a user base from a traditional one-time license-based model to a cloud-based subscription revenue model. A cloud-based subscription model is extremely crucial as it allows technology firms to see more stability in future revenue streams. As of last quarter, Adobe generates approximately 83% of revenues through a recurring stream. For analysts and investors, this gives confidence and a much clearer indication as to the quality and consistency of cash flows. It also allows cloud firms to strengthen margins and benefit from scale, which we already see with Adobe. Subscription revenues are derived from the Digital Media and Digital Experience segments, and the new Publishing & Advertising Segment (not accounted for below).\n(Figure 3.1: Subscription Revenue by Segment & Growth. Source: Personal Financial Model;Adobe 10-Qs and 10-Ks 2017-2021)\nAnnualized recurring revenue, a more software industry-specific metric, sheds light on how much revenue the firm generates over the course of a year that is guaranteed to occur again. This value doesn't just tell us how much revenue is generated from subscriptions and contracts, but also roughly the net value of expansions and churn. As ARR growth continues to be positive, we see that a) more customers are paying for services each year, and b) customers are on average spending more with Adobe. Essentially, net expansions are outweighing churn, which could mean either a) or b) above, or a mix of both. Since the quantifiable values of net expansion and churn are not readily available in public filings, it is too difficult to explore this avenue further.\n(Figure 3.2: ARR and % Growth. Source: Personal Financial Model; Adobe 10-Qs and 10-Ks 2017-2021)\nEven with a plateau of subscription and ARR growth, we are seeing >20% YoY revenue growth for a large-cap firm that has been a leader in the industry for well over a decade. The customer transition to the new revenue model is essentially complete and has consistently outperformed expectations, with stronger comparable margins across the board as Adobe continues to dominate in scale.\n2) Advertising, Analytics, & New Tech\nVarious profitable digital and marketing-related trends of 2021 and into the future include e-commerce, analytics, AI & automation, augmented reality, and virtual reality. We typically see large software firms position themselves to benefit from tailwinds through R&D to strengthen innovation, or M&A to expand market share and product diversification.\nAdobe has recently completed over a dozen strategic acquisitions and investments that revolve around these key areas. The firm is taking care to ensure their most recent acquisitions will be effectively integrated into their respective platforms to set up strong market positioning. At the end of last year, we heard from management that the team was most likely not planning any large acquisitions in 2021, mainly because 1) speculative software is trading at high multiples and is overvalued, and 2) so they can focus on working with what they currently have.\n(Figure 3.3: Acquisitions & Investments, 2018-2021. Source: Bloomberg)\nSpending about 17% of revenues on R&D as of last quarter, the firm has utilized their capital efficiently to foster innovation and a competitive edge. Adobe most recently has worked to expand the breadth of their Creative Cloud tools - especially ones designed for mobile devices - to increase the appeal of their products to different user groups in new or unique markets.\nEffective use of capital towards R&D and M&A initiatives led by strong margins and cash flows should allow the company to gain traction in new verticals and continue to accelerate revenue growth in the subscription segment.\n3) Market and Global Opportunity\nAs the firm shed light on its Total Addressable Market [TAM] for the next few years in its financial analyst meeting of 2020, Adobe has huge plans to capture diverse user groups to an expanding TAM in Creative Cloud, Document Cloud, and Experience Cloud by 2023 - their largest areas for growth. The projected TAM in these segments from 2021 to 2023 has grown 40.4%*, 180.0%*, and 19.4%*, respectively. We see Adobe has the largest potential in its Digital Media segment through Creative Cloud and Document Cloud, although the market for its Experience Cloud has still grown modestly. In the figures below, we take a look at some of these numbers, and some of the plans outlined by Adobe.\n(* - numbers calculated from financial analyst meeting slides from2018,2019, and2020, respectively)\n\n(Figures 3.4, 3.5, & 3.6: Total Addressable Market, various product lines. Source: Financial Analyst Meeting 2020 Slides, Adobe Investor Relations)\nAdobe's product depth, market share, customer loyalty, and high brand recognition for their flagship creative software over the past two decades make a strong case as to why the firm can be expected to successfully execute its intermediate-term growth strategies. Adobe is positioned well to benefit from growth in the total addressable market for all three segments and specific products.\nWe have seen from earlier mentions of Adobe's expansion into key areas that they have already been successful in penetrating markets with web and mobile-based tools, and increased adoption of 3D development. This reinforces my view of Adobe's ability to continue to capture a larger share of the total addressable market for its Creative Cloud.\nThe firm's deep customer loyalty and brand recognition will allow the firm to continue to grab larger shares of the CRM market with their Experience Cloud platform as the company continues to expand further into unique industries like healthcare and education.\nIn this section, I'd also like to explore the importance of strong margins a bit further. According to Bloomberg data, Adobe's subscription revenue (which is generated from its cloud-based business) achieved a gross margin of 91% last quarter. If we look back to 2009, before Adobe began their transition to a cloud-based model, gross margin from subscription revenue was ~35%. For Salesforce (NYSE:CRM), another large-cap application software firm, gross margin last quarter from subscription was ~80%. Previously to their cloud model, in 2008, Salesforce's gross margin for the segment was ~87%.\nMy conclusion is that a company like Salesforce has struggled to execute a long-term cloud strategy that would allow them to truly benefit from scale. With the growth in gross margin for Adobe from 35% to 91% (a 160% increase) from 2009 to 2021, this means that cost of revenue for subscription and cloud-based services has been decreasing proportionally, which makes sense for a strategy that has been executed successfully. Essentially, this gives firms like Adobe the upper hand with the ability to reinvest more capital into the business to achieve its strategic initiatives, such as those outlined in their financial analyst meeting slides above.\nNext is global opportunity. As consumer confidence continues to increase, Global IT Spending is already on the rebound, benefitting Adobe nicely. Results for Q1 FY2021 gave insight toward how enterprises are increasing software spending again post-pandemic, with total revenue up about 26% over the previous quarter. This, along with Adobe's solid performance during the pandemic, prove how strong the company's fundamentals really are.\nFurthermore, Adobe currently generates ~58% of revenues from the Americas, which means that they already have proven success in other areas globally. If Adobe can increase exposure specifically in EMEA it can be lucrative as emerging markets are expected to outperform and benefit from increased foreign investment. There is more to be explored in this area of expansion.\nIV. Major Risks\nAlthough subscription growth is beginning to plateau at about 20% YoY, in the next few years, it may begin to decline. This means Adobe must work harder in gaining a competitive edge, most likely through M&A and R&D. If Adobe does not effectively integrate its acquisitions into its platforms, it can impact margins short-term and prove to be inefficient use of capital. With a strong cash flow and relatively small debt load, even in this scenario, I don't believe it would impact Adobe's ability to generate cash flows intermediate to long term.\nAccording to an analysis of Porter's Five Forces, the application software subsector has a high degree of competition and a medium threat of substitutes. Currently, Salesforce dominates the relationship management space. Adobe is gaining traction, but due to the long enterprise sales cycle nature of the industry, there may be a lag in a shift to an environment that is more favorable for Adobe's Experience Cloud growth. Therefore, stock price may not accurately reflect the success of this segment immediately.\nSoftware products are reliant on the same enterprise IT budget of a given firm. Adobe and other large-cap application software firms may have to develop a strategy to reduce costs and pricing short-term. However, with strong roots in the industry, a successful business model, and a long sales cycle, I don't see this having a huge impact on Adobe's market share.\nAlthough consumer confidence has continued to increase post-pandemic, there are still unprecedented effects that are unexpected and cannot be measured. If Global IT Spending does not rebound as quickly as expected, Adobe may continue to see quarters of unexpectedly slow growth. This is most damaging for companies that rely on large enterprise spending. However, the technology firms that seem to be benefitting the most from the pandemic and lockdown orders are cloud-based software.\nV. Valuation\n1) Comparative Valuation\n(Figure 4.1: Comparable Analysis. Source: Bloomberg)\nStarting with a quick comparative analysis, we see that Adobe is trading at a slight discount to its peers. In an industry that is highly speculative, Adobe provides an investment in a stock with less risk and solid returns.\nAn interesting analysis I conducted was a comparison of R&D expenditures to future projected revenue growth to get insight as to how efficient software firms are at utilizing their profits to focus on firm growth. In an industry where differentiation and innovation are key, I thought this concept would be interesting to observe. The graph below displays the top 25 application software firms, by market cap. Essentially, any firm above the line is currently using their capital efficiently towards greater growth, while those below the line are not using their capital efficiently. Comparing the findings of this graph with the risk vs. return of stocks above the line, we further see that Adobe is a solid long-term pick.\n(Figure 4.2: R&D vs. Future Revenue Growth Forecast. Source: Bloomberg; Personal Pitch Deck)\n2) Intrinsic Valuation\nThe first set of calculations was forecasting future revenue streams of the business segments. Based on my research and assumptions, I used a weighted moving average to calculate growth rates, then used a regression of historical market and industry growth expectations to adjust the top-line revenue estimates. The rest of the model was built upon a mix of more industry expectations, as well as assumptions, estimates, and long-term goals set forth by management.\nI calculated a discount rate of 6.87%, which was used to discount the projected cash flows until 2025. To calculate the present value of the cash flows of 2026-beyond, I used the perpetual growth rate method, and based on my concluding research, assumed a perpetual growth rate of 3.5%. This brought me to a 12-month PT of ~$590.\nIn a bull case scenario where revenue growth exceeds 20% YoY from 2022-2025, or where the perpetual growth rate assumed in the model is changed to 4.0%, we see the price target soaring above $600.\nWhen initially developing my model and report, Adobe stock was ~$485. However, we've seen a run up of the price over the past few days, from about $515 to surpassing $550. It is typical to see a rally in tech stocks before their earnings, which deflates the potential return. This means that there may be a solid entry point immediately post-earnings, depending on if the price drops or not.\nFurthermore, this does not consider Adobe's share buyback plan that was authorized, which would increase the value of shares and earnings. I think that Q2 earnings should provide more clarity.\nVI. Conclusion\nAdobe has seen major success in growth and scale, which will support its strategic initiatives. The firm has proven to be a leader in 2021 macroeconomic and software industry trends, which will provide tailwinds for growth of its subscription-based segments.\nWith inflation fears, right now is the time to shift investments diversified across technology to more fundamentally stable large-cap firms, like Adobe, to combat uncertainty. I think there should be an optimal entry point immediately post-earnings, unless earnings drive the price higher after-hours. Regardless, as a growth prospect with proven cash flows and healthy margins, I see any entry in Adobe as a solid-long term pick that is less speculative of a play.","news_type":1},"isVote":1,"tweetType":1,"viewCount":576,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186786433,"gmtCreate":1623542556222,"gmtModify":1704205596254,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/186786433","repostId":"2143178871","repostType":4,"repost":{"id":"2143178871","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":1623527706,"share":"https://ttm.financial/m/news/2143178871?lang=&edition=fundamental","pubTime":"2021-06-13 03:55","market":"sh","language":"en","title":"G7 source praises Biden after 'complete chaos' of Trump","url":"https://stock-news.laohu8.com/highlight/detail?id=2143178871","media":"Reuters","summary":"CARBIS BAY, England, June 12  - U.S. President Joe Biden brought a sharply different tone to the Group of Seven summit from his predecessor Donald Trump by allowing frank and collaborative discussion of global issues without sowing disruptive chaos, a source with knowledge of the discussions told Reuters.\"It used to be complete chaos,\" said the source. \"Before, we were on edge the entire, the whole time just trying to keep the G7 intact - and you don't have to worry about that now.\". \"You can ha","content":"<p>CARBIS BAY, England, June 12 (Reuters) - U.S. President Joe Biden brought a sharply different tone to the Group of Seven summit from his predecessor Donald Trump by allowing frank and collaborative discussion of global issues without sowing disruptive chaos, a source with knowledge of the discussions told Reuters.</p>\n<p>\"It used to be complete chaos,\" said the source. \"Before, we were on edge the entire, the whole time just trying to keep the G7 intact - and you don't have to worry about that now.\"</p>\n<p>\"You can have a frank discussion without having to start it off by saying: 'No. Russia is not going to come back into the G7,'\" the source said.</p>\n<p>The United States is back as a cooperative leader of the free world under Biden, France's Emmanuel Macron said earlier on Saturday, illustrating the relief felt by many key U.S. allies that the tumult of Trump's presidency is over.</p>\n<p>Macron's remark echoed that of British Prime Minister Boris Johnson who hailed Biden on Thursday as \"a big breath of fresh air\".</p>\n<p>Neither Macron nor Johnson drew an explicit parallel between Biden and Trump, though both praised Biden's distinctly cooperative tone and officials said there was relief after Trump at times shocked and bewildered many European allies.</p>\n<p>(Reporting by Guy Faulconbridge; editing by Michael Holden)</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>G7 source praises Biden after 'complete chaos' of Trump</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\">\nG7 source praises Biden after 'complete chaos' of Trump\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\">2021-06-13 03:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>CARBIS BAY, England, June 12 (Reuters) - U.S. President Joe Biden brought a sharply different tone to the Group of Seven summit from his predecessor Donald Trump by allowing frank and collaborative discussion of global issues without sowing disruptive chaos, a source with knowledge of the discussions told Reuters.</p>\n<p>\"It used to be complete chaos,\" said the source. \"Before, we were on edge the entire, the whole time just trying to keep the G7 intact - and you don't have to worry about that now.\"</p>\n<p>\"You can have a frank discussion without having to start it off by saying: 'No. Russia is not going to come back into the G7,'\" the source said.</p>\n<p>The United States is back as a cooperative leader of the free world under Biden, France's Emmanuel Macron said earlier on Saturday, illustrating the relief felt by many key U.S. allies that the tumult of Trump's presidency is over.</p>\n<p>Macron's remark echoed that of British Prime Minister Boris Johnson who hailed Biden on Thursday as \"a big breath of fresh air\".</p>\n<p>Neither Macron nor Johnson drew an explicit parallel between Biden and Trump, though both praised Biden's distinctly cooperative tone and officials said there was relief after Trump at times shocked and bewildered many European allies.</p>\n<p>(Reporting by Guy Faulconbridge; editing by Michael Holden)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143178871","content_text":"CARBIS BAY, England, June 12 (Reuters) - U.S. President Joe Biden brought a sharply different tone to the Group of Seven summit from his predecessor Donald Trump by allowing frank and collaborative discussion of global issues without sowing disruptive chaos, a source with knowledge of the discussions told Reuters.\n\"It used to be complete chaos,\" said the source. \"Before, we were on edge the entire, the whole time just trying to keep the G7 intact - and you don't have to worry about that now.\"\n\"You can have a frank discussion without having to start it off by saying: 'No. Russia is not going to come back into the G7,'\" the source said.\nThe United States is back as a cooperative leader of the free world under Biden, France's Emmanuel Macron said earlier on Saturday, illustrating the relief felt by many key U.S. allies that the tumult of Trump's presidency is over.\nMacron's remark echoed that of British Prime Minister Boris Johnson who hailed Biden on Thursday as \"a big breath of fresh air\".\nNeither Macron nor Johnson drew an explicit parallel between Biden and Trump, though both praised Biden's distinctly cooperative tone and officials said there was relief after Trump at times shocked and bewildered many European allies.\n(Reporting by Guy Faulconbridge; editing by Michael Holden)","news_type":1},"isVote":1,"tweetType":1,"viewCount":635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103040864,"gmtCreate":1619740546758,"gmtModify":1704271569856,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/103040864","repostId":"1188611661","repostType":4,"repost":{"id":"1188611661","pubTimestamp":1619734487,"share":"https://ttm.financial/m/news/1188611661?lang=&edition=fundamental","pubTime":"2021-04-30 06:14","market":"us","language":"en","title":"Amazon sales surge 44% as it smashes earnings expectations","url":"https://stock-news.laohu8.com/highlight/detail?id=1188611661","media":"CNBC","summary":"Amazon released first-quarter results on Thursday that trounced analysts’ expectations.\nThe company ","content":"<ul>\n <li>Amazon released first-quarter results on Thursday that trounced analysts’ expectations.</li>\n <li>The company confirmed that this year’s Prime Day will take place in June, which will likely help year over year comparisons for revenue in the second quarter.</li>\n</ul>\n<p>Amazonshares climbed more than 3.5% in extended trading Thursday after the company&nbsp;released&nbsp;its first-quarter earnings, beating Wall Street’s expectations for earnings and revenue.</p>\n<p><img src=\"https://static.tigerbbs.com/798d7f0536203d2ae33b543f4dabf204\" tg-width=\"1281\" tg-height=\"591\"></p>\n<p>Here’s how the e-commerce giant fared, relative to analyst estimates compiled by Refinitiv:</p>\n<ul>\n <li><b>Earnings:</b>$15.79 per share vs. $9.54 per share expected</li>\n <li><b>Revenue:</b>$108.52 billion vs. $104.47 billion expected</li>\n</ul>\n<p>Few companies have benefited from the pandemic-fueled surge of online shoppingas much as Amazon. Its first-quarter results showed the company’s business continues to be buoyed by the pandemic, with sales soaring 44% year-over-year to $108.5 billion.</p>\n<p>Amazon’s guidance for the second quarter implies that it expects the momentum to continue, which should help allay investor fears that business could slow in a post-pandemic environment. The company expects to post revenue between $110 billion and $116 billion, surpassing Wall Street’s projection $108.6 billion.</p>\n<p>Crucially, Amazon confirmed in its guidance that this year’s Prime Day will take place in June, which will likely help year-over-year comparisons for revenue in the second quarter. Typically, Amazon’s annual, two-day discount bonanza takes place in July, but the company postponed the event to October last year amid pandemic-related uncertainty.</p>\n<p>When asked about the Prime Day timing, CFO Brian Olsavsky said on a call with investors: “In many areas, July is vacation month, so it might be better for customers, sellers and vendors to experiment with a different time period. We believe that it might be better timing later in [the second quarter], so that’s what we’re testing this year.”</p>\n<p>Outside of its core retail segment, Amazon’s cloud-computing and advertising businesses continue to boom. Amazon Web Servicessawnet sales of $13.5 billion during the quarter, up 32% year over year. Amazon doesn’t disclose advertising sales, but it’s included in the company’s “Other” category, which saw its revenues grow 77% year over year to $6.9 billion.</p>\n<p>Amazon CEO Jeff Bezos also gave a rare glimpse into how the company’s streaming business has fared during the pandemic, as stuck-at-home consumers relied on online entertainment to keep busy. “As Prime Video turns 10, over 175 million Prime members have streamed shows and movies in the past year, and streaming hours are up more than 70% year over year,” he said.</p>\n<p>Amazon’s streaming service, Prime Video, is a key offering of the company’s Prime subscription service, which costs $119 a year and includes a range of other benefits like free, two-day shipping. Bezos disclosed earlier this month that the company now has 200 million Prime subscribers, 50 million more than it had at the start of 2020.</p>\n<p>Physical stores revenue, which includes Whole Foods Market and other brick-and-mortar offerings like Amazon Books, continued to fall. Sales slumped 16% to $3.9 billion. The category excludes online delivery, Olsavsky said.</p>\n<p>During the quarter, Amazon’s sales grew faster internationally than they did in North America. International revenue surged 60% year over year, more than any other segment, while North America revenue climbed 40%.</p>\n<p>As expected, Amazon will incur fewer costs this year related to coronavirus safety measures. Operating income is forecast to be between $4.5 billion and $8 billion in the second quarter, assuming $1.5 billion of costs related to Covid-19. That’s in line with what Amazon executives predicted last quarter.</p>\n<p>AmazonsaidWednesday it would spend more than $1 billion on raising wages for over half a million of its U.S. operations workers. On a call with reporters, Olsavsky said it decided to move up the pay increase from the fall to this spring as volumes remain just as strong as they were at the beginning of the pandemic.</p>\n<p>Olsavsky declined to comment on Amazon’s CEO transition plans, which will come into play once Bezossteps down in the third quarter. Bezos will turn the helm over to AWS CEO Andy Jassy and assume the role of executive chairman of Amazon’s board.</p>","source":"lsy1609915699154","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 sales surge 44% as it smashes earnings expectations</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 sales surge 44% as it smashes earnings expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-30 06:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/29/amazon-amzn-earnings-q1-2021.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon released first-quarter results on Thursday that trounced analysts’ expectations.\nThe company confirmed that this year’s Prime Day will take place in June, which will likely help year over year ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/29/amazon-amzn-earnings-q1-2021.html\">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://www.cnbc.com/2021/04/29/amazon-amzn-earnings-q1-2021.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188611661","content_text":"Amazon released first-quarter results on Thursday that trounced analysts’ expectations.\nThe company confirmed that this year’s Prime Day will take place in June, which will likely help year over year comparisons for revenue in the second quarter.\n\nAmazonshares climbed more than 3.5% in extended trading Thursday after the company released its first-quarter earnings, beating Wall Street’s expectations for earnings and revenue.\n\nHere’s how the e-commerce giant fared, relative to analyst estimates compiled by Refinitiv:\n\nEarnings:$15.79 per share vs. $9.54 per share expected\nRevenue:$108.52 billion vs. $104.47 billion expected\n\nFew companies have benefited from the pandemic-fueled surge of online shoppingas much as Amazon. Its first-quarter results showed the company’s business continues to be buoyed by the pandemic, with sales soaring 44% year-over-year to $108.5 billion.\nAmazon’s guidance for the second quarter implies that it expects the momentum to continue, which should help allay investor fears that business could slow in a post-pandemic environment. The company expects to post revenue between $110 billion and $116 billion, surpassing Wall Street’s projection $108.6 billion.\nCrucially, Amazon confirmed in its guidance that this year’s Prime Day will take place in June, which will likely help year-over-year comparisons for revenue in the second quarter. Typically, Amazon’s annual, two-day discount bonanza takes place in July, but the company postponed the event to October last year amid pandemic-related uncertainty.\nWhen asked about the Prime Day timing, CFO Brian Olsavsky said on a call with investors: “In many areas, July is vacation month, so it might be better for customers, sellers and vendors to experiment with a different time period. We believe that it might be better timing later in [the second quarter], so that’s what we’re testing this year.”\nOutside of its core retail segment, Amazon’s cloud-computing and advertising businesses continue to boom. Amazon Web Servicessawnet sales of $13.5 billion during the quarter, up 32% year over year. Amazon doesn’t disclose advertising sales, but it’s included in the company’s “Other” category, which saw its revenues grow 77% year over year to $6.9 billion.\nAmazon CEO Jeff Bezos also gave a rare glimpse into how the company’s streaming business has fared during the pandemic, as stuck-at-home consumers relied on online entertainment to keep busy. “As Prime Video turns 10, over 175 million Prime members have streamed shows and movies in the past year, and streaming hours are up more than 70% year over year,” he said.\nAmazon’s streaming service, Prime Video, is a key offering of the company’s Prime subscription service, which costs $119 a year and includes a range of other benefits like free, two-day shipping. Bezos disclosed earlier this month that the company now has 200 million Prime subscribers, 50 million more than it had at the start of 2020.\nPhysical stores revenue, which includes Whole Foods Market and other brick-and-mortar offerings like Amazon Books, continued to fall. Sales slumped 16% to $3.9 billion. The category excludes online delivery, Olsavsky said.\nDuring the quarter, Amazon’s sales grew faster internationally than they did in North America. International revenue surged 60% year over year, more than any other segment, while North America revenue climbed 40%.\nAs expected, Amazon will incur fewer costs this year related to coronavirus safety measures. Operating income is forecast to be between $4.5 billion and $8 billion in the second quarter, assuming $1.5 billion of costs related to Covid-19. That’s in line with what Amazon executives predicted last quarter.\nAmazonsaidWednesday it would spend more than $1 billion on raising wages for over half a million of its U.S. operations workers. On a call with reporters, Olsavsky said it decided to move up the pay increase from the fall to this spring as volumes remain just as strong as they were at the beginning of the pandemic.\nOlsavsky declined to comment on Amazon’s CEO transition plans, which will come into play once Bezossteps down in the third quarter. Bezos will turn the helm over to AWS CEO Andy Jassy and assume the role of executive chairman of Amazon’s board.","news_type":1},"isVote":1,"tweetType":1,"viewCount":375,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375534241,"gmtCreate":1619359864083,"gmtModify":1704722843084,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/375534241","repostId":"2130364241","repostType":4,"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350955074,"gmtCreate":1616153651898,"gmtModify":1704791603308,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350955074","repostId":"1137663173","repostType":4,"repost":{"id":"1137663173","pubTimestamp":1616148159,"share":"https://ttm.financial/m/news/1137663173?lang=&edition=fundamental","pubTime":"2021-03-19 18:02","market":"us","language":"en","title":"Tech Stocks Are Falling Fast, Here Are 4 Cyclical Stocks That Are Still Cheap","url":"https://stock-news.laohu8.com/highlight/detail?id=1137663173","media":"marketwatch","summary":"Investors have rushed into so-called cyclical stocks as the economic outlook has gotten a shot in th","content":"<p>Investors have rushed into so-called cyclical stocks as the economic outlook has gotten a shot in the arm and high-flying tech stocks take it on the chin. Even though many of those stocks, which perform better in times of economic expansion, now look a little expensive, a few still stand out as fairly cheap.</p>\n<p>Stocks in economically-sensitive sectors such as banks, oil and industrials have performed more than handsomely this year as states announced reopenings and trillions of dollars of fiscal stimulus more than shored up demand. The SPDR S&amp;P Bank (ticker: KBE), Industrial Select Sector SPDR (XLI) and Energy Select Sector SPDR (XLE) exchange-traded funds are all up double digits year to date, dwarfing the S&amp;P 500’s roughly 6% gain and the Nasdaq Composite’s 3.3% advance.</p>\n<p>Tons of cyclicals now look fairly overextended. Caterpillar (CAT), for example, is up 27% year to date. The average analyst price target is 6% below its current trading price. Fortunately, there are some out there trading at attractive valuations with earnings momentum on their side.</p>\n<p>Strategists at Citigroup compiled a list on Monday of stocks with tolerable valuations, a few of which are cyclical in nature. Citi looked at the PEG ratio, or price/earnings to growth, which divides the forward earnings multiple by the expected earnings growth rate. It tells how justified a stock’s valuation is by showing the gap between the multiple and earnings growth. The slimmer the gap, the cheaper the stock. Citi looked at large capitalization stocks—those with market caps above $10 billion--and looked for those with the 25 lowest PEG ratios.</p>\n<p>When economic demand rises robustly, so do manufacturing projects, increasing demand for industrial metals used to build machinery. That’s propelled shares of Freeport McMoRan (FCX), the $50 billion by market capitalization metal miner. The company is worth a quarter more now than it was at the beginning of 2021. But the stock still trades at a PEG ratio of about 0.3, based on an expected compound annual growth rate of earnings for the next 3 years. By comparison, the average stock on the S&amp;P 500 trades at a PEG ratio of 1.3. Freeport McMoRan shares could have plenty of runway ahead.</p>\n<p>Auto makers and other manufacturers need steel to build more products and machines when demand firms up. That’s good news for steelmaker Nucor (NUE), which has seen its currently $20 billion market cap rise by about a third this year. It trades at a 0.9 PEG ratio.</p>\n<p>Shares of General Motors (GM) are up 45% but still trade at a PEG ratio around 1.3, in line with that of the broader market. The stock looks a little less attractive than the others on the list and earnings are only expected to compound in the high single digits over the next 3 years. Still, earnings in 2022 are expected to grow 19% over 2021, according to analysts polled by FactSet. The stock could therefore enjoy plenty of momentum in the near-term. People purchase more cars when they have more discretionary spending capacity.</p>\n<p>Hotel chain Marriott International (MAR) is up more than 20% this year. It trades at a PEG ratio of 0.4. As the virus risk associated with hotels fades, people may be more comfortable visiting them. Plus, people’s increased discretionary spend is a major tailwind for hotels.</p>\n<p>Stocks are pricey by some measures, but that doesn’t mean there are no bargains to ride the sharp economic rebound.</p>","source":"market_watch","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>Tech Stocks Are Falling Fast, Here Are 4 Cyclical Stocks That Are Still Cheap</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\">\nTech Stocks Are Falling Fast, Here Are 4 Cyclical Stocks That Are Still Cheap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 18:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/cyclical-stocks-have-been-on-a-tear-here-are-4-names-that-are-still-cheap-51616059802?mod=hp_DAY_Theme_2_2><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors have rushed into so-called cyclical stocks as the economic outlook has gotten a shot in the arm and high-flying tech stocks take it on the chin. Even though many of those stocks, which ...</p>\n\n<a href=\"https://www.barrons.com/articles/cyclical-stocks-have-been-on-a-tear-here-are-4-names-that-are-still-cheap-51616059802?mod=hp_DAY_Theme_2_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/cyclical-stocks-have-been-on-a-tear-here-are-4-names-that-are-still-cheap-51616059802?mod=hp_DAY_Theme_2_2","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1137663173","content_text":"Investors have rushed into so-called cyclical stocks as the economic outlook has gotten a shot in the arm and high-flying tech stocks take it on the chin. Even though many of those stocks, which perform better in times of economic expansion, now look a little expensive, a few still stand out as fairly cheap.\nStocks in economically-sensitive sectors such as banks, oil and industrials have performed more than handsomely this year as states announced reopenings and trillions of dollars of fiscal stimulus more than shored up demand. The SPDR S&P Bank (ticker: KBE), Industrial Select Sector SPDR (XLI) and Energy Select Sector SPDR (XLE) exchange-traded funds are all up double digits year to date, dwarfing the S&P 500’s roughly 6% gain and the Nasdaq Composite’s 3.3% advance.\nTons of cyclicals now look fairly overextended. Caterpillar (CAT), for example, is up 27% year to date. The average analyst price target is 6% below its current trading price. Fortunately, there are some out there trading at attractive valuations with earnings momentum on their side.\nStrategists at Citigroup compiled a list on Monday of stocks with tolerable valuations, a few of which are cyclical in nature. Citi looked at the PEG ratio, or price/earnings to growth, which divides the forward earnings multiple by the expected earnings growth rate. It tells how justified a stock’s valuation is by showing the gap between the multiple and earnings growth. The slimmer the gap, the cheaper the stock. Citi looked at large capitalization stocks—those with market caps above $10 billion--and looked for those with the 25 lowest PEG ratios.\nWhen economic demand rises robustly, so do manufacturing projects, increasing demand for industrial metals used to build machinery. That’s propelled shares of Freeport McMoRan (FCX), the $50 billion by market capitalization metal miner. The company is worth a quarter more now than it was at the beginning of 2021. But the stock still trades at a PEG ratio of about 0.3, based on an expected compound annual growth rate of earnings for the next 3 years. By comparison, the average stock on the S&P 500 trades at a PEG ratio of 1.3. Freeport McMoRan shares could have plenty of runway ahead.\nAuto makers and other manufacturers need steel to build more products and machines when demand firms up. That’s good news for steelmaker Nucor (NUE), which has seen its currently $20 billion market cap rise by about a third this year. It trades at a 0.9 PEG ratio.\nShares of General Motors (GM) are up 45% but still trade at a PEG ratio around 1.3, in line with that of the broader market. The stock looks a little less attractive than the others on the list and earnings are only expected to compound in the high single digits over the next 3 years. Still, earnings in 2022 are expected to grow 19% over 2021, according to analysts polled by FactSet. The stock could therefore enjoy plenty of momentum in the near-term. People purchase more cars when they have more discretionary spending capacity.\nHotel chain Marriott International (MAR) is up more than 20% this year. It trades at a PEG ratio of 0.4. As the virus risk associated with hotels fades, people may be more comfortable visiting them. Plus, people’s increased discretionary spend is a major tailwind for hotels.\nStocks are pricey by some measures, but that doesn’t mean there are no bargains to ride the sharp economic rebound.","news_type":1},"isVote":1,"tweetType":1,"viewCount":21,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":386458154,"gmtCreate":1613263091878,"gmtModify":1704879600669,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/386458154","repostId":"2110026963","repostType":4,"repost":{"id":"2110026963","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":1613109422,"share":"https://ttm.financial/m/news/2110026963?lang=&edition=fundamental","pubTime":"2021-02-12 13:57","market":"us","language":"en","title":"Here's the formula for spotting genuinely undervalued companies, claims this investment house","url":"https://stock-news.laohu8.com/highlight/detail?id=2110026963","media":"Dow Jones","summary":"The growth stock vs. value stock dichotomy doesn't make sense, says ValuAnalysis. For most of 2020, investors poured money into names like online retailer Amazon $$, electric-car maker Tesla $$, and e-commerce platform Shopify -- \"growth\" stocks that kept indexes afloat in a turbulent year that hammered share prices across the board.But when news broke in early November 2020 that drug company Pfizer $$ and its partner BioNTech $$ had developed an effective vaccine against COVID-19, something pro","content":"<p>MW Here's the formula for spotting genuinely undervalued companies, claims this investment house</p>\n<p>The growth stock vs. value stock dichotomy doesn't make sense, says ValuAnalysis</p>\n<p>For most of 2020, investors poured money into names like online retailer Amazon <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, electric-car maker Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, and e-commerce platform Shopify (SHOP.T)-- \"growth\" stocks that kept indexes afloat in a turbulent year that hammered share prices across the board.</p>\n<p>But when news broke in early November 2020 that drug company Pfizer <a href=\"https://laohu8.com/S/PFE\">$(PFE)$</a> and its partner BioNTech <a href=\"https://laohu8.com/S/BNTX\">$(BNTX)$</a> had developed an effective vaccine against COVID-19, something profound happened in financial markets.</p>\n<p>Investors rotated out of these investments in favor of \"value\" stocks hammered by the COVID-19 pandemic, like airlines.</p>\n<p>This rotation was based on an essential concept in investing: There are some stocks that are clearly undervalued based on standard metrics.</p>\n<p>And it is completely flawed, according to research from ValuAnalysis, a London-based fund manager and equity investment boutique, which specializes in valuation.</p>\n<p>The apparent difference between growth stocks and value stocks is that the former is overvalued based on fundamental metrics while the latter is undervalued.</p>\n<p>\"Everyone knows that this thing doesn't make any sense because growth is not the opposite of value,\" Pascal Costantini, who led the research at ValuAnalysis, tells MarketWatch.</p>\n<p>\"It should be high-growth and low-growth, and I can imagine that, somewhere in an office, some guy said 'well this is not catchy enough, so how about growth and value?'\"</p>\n<p>Analysts and investors use metrics like the price-to-earnings ratio, or price multiple, to value stocks. ValuAnalysis uses price as a multiple of normalized net free cash flow as its benchmark, and identifies the imaginary dividing line between value and growth stocks at 35x, which is the market median.</p>\n<p>The value vs. growth divide would suggest that a company trading at a 17x earnings multiple is undervalued. In reality, ValuAnalysis says it is likely a company that won't grow.</p>\n<p>In reality, a stock's value is based on the company's ability to grow free cash flow in an environment where the cost of capital is 5% to 6%. So if a company isn't outpacing that by improving revenue and margins, the multiple won't increase and the stock price is unlikely to rise.</p>\n<p>Stocks that are actually undervalued will trade between 25x and 35x free cash flow, Costantini says, outpacing the cost of capital but not breaking past the market median.</p>\n<p>To have potential, a company's accumulation of assets or revenue growth must outpace increases in global gross domestic product, and ideally show signs of accelerating. There must also be an increase in operational leverage through revenue or margins. A decrease in the risk premium, such as through advances in controlling carbon emissions, helps.</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>Here's the formula for spotting genuinely undervalued companies, claims this investment house</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\">\nHere's the formula for spotting genuinely undervalued companies, claims this investment house\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\">2021-02-12 13:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>MW Here's the formula for spotting genuinely undervalued companies, claims this investment house</p>\n<p>The growth stock vs. value stock dichotomy doesn't make sense, says ValuAnalysis</p>\n<p>For most of 2020, investors poured money into names like online retailer Amazon <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, electric-car maker Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, and e-commerce platform Shopify (SHOP.T)-- \"growth\" stocks that kept indexes afloat in a turbulent year that hammered share prices across the board.</p>\n<p>But when news broke in early November 2020 that drug company Pfizer <a href=\"https://laohu8.com/S/PFE\">$(PFE)$</a> and its partner BioNTech <a href=\"https://laohu8.com/S/BNTX\">$(BNTX)$</a> had developed an effective vaccine against COVID-19, something profound happened in financial markets.</p>\n<p>Investors rotated out of these investments in favor of \"value\" stocks hammered by the COVID-19 pandemic, like airlines.</p>\n<p>This rotation was based on an essential concept in investing: There are some stocks that are clearly undervalued based on standard metrics.</p>\n<p>And it is completely flawed, according to research from ValuAnalysis, a London-based fund manager and equity investment boutique, which specializes in valuation.</p>\n<p>The apparent difference between growth stocks and value stocks is that the former is overvalued based on fundamental metrics while the latter is undervalued.</p>\n<p>\"Everyone knows that this thing doesn't make any sense because growth is not the opposite of value,\" Pascal Costantini, who led the research at ValuAnalysis, tells MarketWatch.</p>\n<p>\"It should be high-growth and low-growth, and I can imagine that, somewhere in an office, some guy said 'well this is not catchy enough, so how about growth and value?'\"</p>\n<p>Analysts and investors use metrics like the price-to-earnings ratio, or price multiple, to value stocks. ValuAnalysis uses price as a multiple of normalized net free cash flow as its benchmark, and identifies the imaginary dividing line between value and growth stocks at 35x, which is the market median.</p>\n<p>The value vs. growth divide would suggest that a company trading at a 17x earnings multiple is undervalued. In reality, ValuAnalysis says it is likely a company that won't grow.</p>\n<p>In reality, a stock's value is based on the company's ability to grow free cash flow in an environment where the cost of capital is 5% to 6%. So if a company isn't outpacing that by improving revenue and margins, the multiple won't increase and the stock price is unlikely to rise.</p>\n<p>Stocks that are actually undervalued will trade between 25x and 35x free cash flow, Costantini says, outpacing the cost of capital but not breaking past the market median.</p>\n<p>To have potential, a company's accumulation of assets or revenue growth must outpace increases in global gross domestic product, and ideally show signs of accelerating. There must also be an increase in operational leverage through revenue or margins. A decrease in the risk premium, such as through advances in controlling carbon emissions, helps.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/15e20574f8fb568333181d61bb200086","relate_stocks":{"PFE":"辉瑞","AMZN":"亚马逊","TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2110026963","content_text":"MW Here's the formula for spotting genuinely undervalued companies, claims this investment house\nThe growth stock vs. value stock dichotomy doesn't make sense, says ValuAnalysis\nFor most of 2020, investors poured money into names like online retailer Amazon $(AMZN)$, electric-car maker Tesla $(TSLA)$, and e-commerce platform Shopify (SHOP.T)-- \"growth\" stocks that kept indexes afloat in a turbulent year that hammered share prices across the board.\nBut when news broke in early November 2020 that drug company Pfizer $(PFE)$ and its partner BioNTech $(BNTX)$ had developed an effective vaccine against COVID-19, something profound happened in financial markets.\nInvestors rotated out of these investments in favor of \"value\" stocks hammered by the COVID-19 pandemic, like airlines.\nThis rotation was based on an essential concept in investing: There are some stocks that are clearly undervalued based on standard metrics.\nAnd it is completely flawed, according to research from ValuAnalysis, a London-based fund manager and equity investment boutique, which specializes in valuation.\nThe apparent difference between growth stocks and value stocks is that the former is overvalued based on fundamental metrics while the latter is undervalued.\n\"Everyone knows that this thing doesn't make any sense because growth is not the opposite of value,\" Pascal Costantini, who led the research at ValuAnalysis, tells MarketWatch.\n\"It should be high-growth and low-growth, and I can imagine that, somewhere in an office, some guy said 'well this is not catchy enough, so how about growth and value?'\"\nAnalysts and investors use metrics like the price-to-earnings ratio, or price multiple, to value stocks. ValuAnalysis uses price as a multiple of normalized net free cash flow as its benchmark, and identifies the imaginary dividing line between value and growth stocks at 35x, which is the market median.\nThe value vs. growth divide would suggest that a company trading at a 17x earnings multiple is undervalued. In reality, ValuAnalysis says it is likely a company that won't grow.\nIn reality, a stock's value is based on the company's ability to grow free cash flow in an environment where the cost of capital is 5% to 6%. So if a company isn't outpacing that by improving revenue and margins, the multiple won't increase and the stock price is unlikely to rise.\nStocks that are actually undervalued will trade between 25x and 35x free cash flow, Costantini says, outpacing the cost of capital but not breaking past the market median.\nTo have potential, a company's accumulation of assets or revenue growth must outpace increases in global gross domestic product, and ideally show signs of accelerating. There must also be an increase in operational leverage through revenue or margins. A decrease in the risk premium, such as through advances in controlling carbon emissions, helps.","news_type":1},"isVote":1,"tweetType":1,"viewCount":61,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003139436,"gmtCreate":1640907545488,"gmtModify":1676533552675,"author":{"id":"3555145756329311","authorId":"3555145756329311","name":"PG88","avatar":"https://static.tigerbbs.com/ca76866c372d47c83b4320e6f3864fce","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3555145756329311","authorIdStr":"3555145756329311"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003139436","repostId":"2195498290","repostType":4,"isVote":1,"tweetType":1,"viewCount":665,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}