Euphy personal page - To The Moon

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2021-06-26

Let's go Tesla!! Time to wake up!!

Tesla Stock Has Been on Fire This Week. Here Are 4 Reasons.

2021-06-26

Like and comment

Microsoft sent a strong signal to developers that could hurt Apple and Google

2021-06-23

What happen to the bitcoin hodler

Sorry, the original content has been removed

2021-06-17

Leaving comment

These 10 Stocks Make Up 85% of Warren Buffett's Portfolio

2021-06-12

Like and comment I'll reply

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2021-04-13

$SINGAPORE AIRLINES LTD(C6L.SI)$down more so we can load more

2021-04-06

Powell speaking every week!! Like pls

FOMC meeting minutes, Powell speaks: What to know this week

2021-04-05

Like and comments!

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2021-04-04

Let's goooo like and comment here pls!!!

Rehypothecated Leverage: How Archegos Built A $100 Billion Portfolio Out Of Thin Air... And Then Blew Up

2021-04-02

Weird thing, whenever articles written about lesser than contemporary, investors will be deemed as fans/ cults. But when you go traditional, we will be titled investors. Why?

Only 8 ETFs Made You More Money Than Cathie Wood's ARK Innovation

2021-03-30

$ARK Space Exploration & Innovation ETF(ARKX)$lets go to the moon!!

2021-03-22

Buy and hold for years!!Like and comment Ty!

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2021-03-22

Like and comment pls!!

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2021-03-20

Beautiful inverse heads and shoulders!! Like and comment old!?

Facebook rose more than 4%

2021-03-19

Mehh~ just go to trading view to check the yield 10 years back ticker "US 10Y" and you'll see this is all MM trying to stir the market again...Give me a like and comment if you agree!!

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2021-03-19

Let's go!! Give me some likes!!

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2021-01-30

Hold

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2021-01-30

Good

China Starts Earnings With 9 in 10 Firms Expecting Higher Profit

2021-01-29

...

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2021-01-29

...

Gold demand hit an 11-year low in 2020

Go to Tiger App to see more news

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We found four reasons, outlined below.Many electric-vehicle stocks have been on a winning streak lately, beyond just Tesla. Coming into the week, shares of Chinese EV maker NIO were up 17% for the month.X","content":"<p>Stock in electric-vehicle pioneer&nbsp;Tesla&nbsp;is&nbsp;on fire&nbsp;for seemingly no reason.</p>\n<p>There haven’t been any big,splashy&nbsp;upgrades that can explain the recent run. Shares have jumped almost 8% for the week and are on pace for their best week since April.</p>\n<p>Investors, rightly so, are wondering what’s going on. We found four reasons, outlined below.</p>\n<p><b>Taking Cues From China</b></p>\n<p>Many electric-vehicle stocks have been on a winning streak lately, beyond just Tesla. Coming into the week, shares of Chinese EV maker&nbsp;NIO(NIO) were up 17% for the month.XPeng(XPEV) and&nbsp;Li Auto(LI) had gained 31% and 36%, respectively.</p>\n<p>Tesla, on the other hand, was down for the month of June coming into this week. But China is the world’s largest market for EVs, so when things are going well there, it bodes well for Tesla. It looks like some of the Chinese EV maker stocks’ shine has finally rubbed off on Tesla.</p>\n<p><b>Delivery Optimism</b></p>\n<p>The second reason is about second-quarter deliveries, after&nbsp;perceived weakness&nbsp;in Chinese delivery numbers. More recently, however, several&nbsp;reports&nbsp;have been popping up about Tesla working hard to deliver vehicles into the end of this month.</p>\n<p>“After a disaster start to the quarter for Tesla in China, the Street is reading the tea leaves as bullish for the month of June with momentum into [the second half],” Wedbush analyst&nbsp;Dan Ivestells&nbsp;Barron’s. He believes 900,000 deliveries is still possible for 2021. Wall Street is modeling about 825,000. Tesla delivered about 500,000 cars in 2020.</p>\n<p><b>Green Tidal Wave</b></p>\n<p>Ives has also written about a “green tidal wave” coming from the White House. President Joe Biden wants part of any infrastructure bill to include purchase incentives for EVs as well as charging infrastructure. A bill isn’t ready, but&nbsp;progress&nbsp;was made in Washington this week.</p>\n<p><b>Musk Tweeting, Again</b></p>\n<p>No search for the reason behind moves in Tesla stock would be complete without looking at CEO Elon Musk ‘s&nbsp;Twitter (TWTR) feed. He tweeted Friday that the updated full self-driving, or FSD, software and subscription pricing could roll out in as soon as a week.</p>\n<p>Tesla plans to offer its highest level of&nbsp;driver assistance, called full self-driving or FSD, on a subscription basis. It’s a new era for car companies, which don’t typically get to realize recurring revenue like software providers. Bulls have been waiting quite some time for the FSD subscription to arrive.</p>\n<p><b>What’s Next</b></p>\n<p>Next up for Tesla investors, after any FSD release, will be second-quarter delivery numbers and then earnings. Those data points come in July.</p>\n<p>Year to date, Tesla stock is still down about 4.8%, trailing behind comparable gains of the&nbsp;S&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock Has Been on Fire This Week. Here Are 4 Reasons.</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\">\nTesla Stock Has Been on Fire This Week. Here Are 4 Reasons.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-26 09:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-gains-ev-elon-musk-51624638974?mod=hp_DAY_0><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock in electric-vehicle pioneer Tesla is on fire for seemingly no reason.\nThere haven’t been any big,splashy upgrades that can explain the recent run. Shares have jumped almost 8% for the week and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-gains-ev-elon-musk-51624638974?mod=hp_DAY_0\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-gains-ev-elon-musk-51624638974?mod=hp_DAY_0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100072036","content_text":"Stock in electric-vehicle pioneer Tesla is on fire for seemingly no reason.\nThere haven’t been any big,splashy upgrades that can explain the recent run. Shares have jumped almost 8% for the week and are on pace for their best week since April.\nInvestors, rightly so, are wondering what’s going on. We found four reasons, outlined below.\nTaking Cues From China\nMany electric-vehicle stocks have been on a winning streak lately, beyond just Tesla. Coming into the week, shares of Chinese EV maker NIO(NIO) were up 17% for the month.XPeng(XPEV) and Li Auto(LI) had gained 31% and 36%, respectively.\nTesla, on the other hand, was down for the month of June coming into this week. But China is the world’s largest market for EVs, so when things are going well there, it bodes well for Tesla. It looks like some of the Chinese EV maker stocks’ shine has finally rubbed off on Tesla.\nDelivery Optimism\nThe second reason is about second-quarter deliveries, after perceived weakness in Chinese delivery numbers. More recently, however, several reports have been popping up about Tesla working hard to deliver vehicles into the end of this month.\n“After a disaster start to the quarter for Tesla in China, the Street is reading the tea leaves as bullish for the month of June with momentum into [the second half],” Wedbush analyst Dan Ivestells Barron’s. He believes 900,000 deliveries is still possible for 2021. Wall Street is modeling about 825,000. Tesla delivered about 500,000 cars in 2020.\nGreen Tidal Wave\nIves has also written about a “green tidal wave” coming from the White House. President Joe Biden wants part of any infrastructure bill to include purchase incentives for EVs as well as charging infrastructure. A bill isn’t ready, but progress was made in Washington this week.\nMusk Tweeting, Again\nNo search for the reason behind moves in Tesla stock would be complete without looking at CEO Elon Musk ‘s Twitter (TWTR) feed. He tweeted Friday that the updated full self-driving, or FSD, software and subscription pricing could roll out in as soon as a week.\nTesla plans to offer its highest level of driver assistance, called full self-driving or FSD, on a subscription basis. It’s a new era for car companies, which don’t typically get to realize recurring revenue like software providers. Bulls have been waiting quite some time for the FSD subscription to arrive.\nWhat’s Next\nNext up for Tesla investors, after any FSD release, will be second-quarter delivery numbers and then earnings. Those data points come in July.\nYear to date, Tesla stock is still down about 4.8%, trailing behind comparable gains of the S&P 500 and Dow Jones Industrial Average.","news_type":1},"isVote":1,"tweetType":1,"viewCount":524,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125918874,"gmtCreate":1624640734898,"gmtModify":1703842651258,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/125918874","repostId":"2146023165","repostType":4,"repost":{"id":"2146023165","kind":"news","pubTimestamp":1624614720,"share":"https://ttm.financial/m/news/2146023165?lang=&edition=fundamental","pubTime":"2021-06-25 17:52","market":"us","language":"en","title":"Microsoft sent a strong signal to developers that could hurt Apple and Google","url":"https://stock-news.laohu8.com/highlight/detail?id=2146023165","media":"Yahoo Finance","summary":"Microsoft  launched a broadside against rivals Apple  and Google  on Thursday, announcing that the next version of Windows, called Windows 11, will feature an app store that lets developers keep 100% of the revenue from sales of their apps.That’s a massive departure from the policies Apple and Google have in place that require app developers who use their stores to pay 30% fees on the sale of apps and in-app purchases.“Windows has always stood for sovereignty for creators and agency for consumer","content":"<p>Microsoft (MSFT) launched a broadside against rivals Apple (AAPL) and Google (GOOG, GOOGL) on Thursday, announcing that the next version of Windows, called Windows 11, will feature an app store that lets developers keep 100% of the revenue from sales of their apps.</p>\n<p>That’s a massive departure from the policies Apple and Google have in place that require app developers who use their stores to pay 30% fees on the sale of apps and in-app purchases.</p>\n<p>“Windows has always stood for sovereignty for creators and agency for consumers,” Microsoft CEO Satya Nadella said. “A platform can only serve society if its rules allow for this foundational innovation and category creation. It’s why we’re introducing new store commerce models and policies.”</p>\n<p>The move is certain to rankle executives at both Apple and Google, which are facing antitrust investigations into their app store practices.</p>\n<p>Apple is awaiting a ruling in an antitrust case brought by Epic Games, in which the “Fortnite” developer accused the iPhone maker of abusing its market power over the App Store by forcing developers to use its own payment system and fork over the associated fees.</p>\n<p>Google, meanwhile, faces a similar lawsuit from Epic and is expected to get slapped with a lawsuit from a collection of state attorneys general for its app store policies.</p>\n<h3><b>Microsoft has been criticizing Apple’s policies</b></h3>\n<p>This isn’t the first time Microsoft has called out its rivals and their app stores. The company has criticized Apple’s policies in the past, specifically Apple’s policy of taking a share of revenue from Microsoft apps purchased through the Apple App Store.</p>\n<p>More recently, Microsoft sparred with Apple over its desire to get its xCloud cloud gaming platform onto the iPhone via a native app. Apple has pushed back, hampering Microsoft’s cloud gaming ambitions and forcing it to make users rely on a browser-style app.</p>\n<p>That led Microsoft to meet and lodge a complaint with members of the House Antitrust Subcommittee during the body’s investigation into Apple, Google, Amazon, and <a href=\"https://laohu8.com/S/FB\">Facebook</a>.</p>\n<p><img src=\"https://static.tigerbbs.com/d92ddac610658f60945c72fc4da23210\" tg-width=\"1024\" tg-height=\"640\" referrerpolicy=\"no-referrer\">Microsoft has debuted the latest version of its Windows operating system: Windows 11. (Image: Microsoft)Microsoft</p>\n<p>Microsoft also took aim at Apple in the iPhone maker’s battle with “Fortnite” developer Epic Games. In that instance, Microsoft filed a statement of support for Epic in its fight to prevent Apple withholding iOS support for Epic’s Unreal Engine.</p>\n<p>Epic initially sued Apple and Google after the two companies removed “Fornite” from their respective app stores. Apple and Google argue that Epic implemented an update that added a separate payment system allowing consumers to circumvent Apple or Google’s payment services. That effectively cut out Apple and Google’s 30% app store fees.</p>\n<p>Epic’s fight with Apple wrapped up earlier this month and a ruling is expected before the end of the summer.</p>\n<h3><b>Microsoft could win over developers</b></h3>\n<p>With its decision to allow developers to use their own payment systems, Microsoft is sending a signal to the global developer community that it is willing to play by their rules. That could help the company as it seeks to build out its app store and drive more business for Windows.</p>\n<p>While Microsoft was caught flat-footed in the smartphone wars, its moves with the Windows 11 Microsoft Store could give it the kind of boost from developers that it needs to begin taking market share from Apple and Google in the fight for app store supremacy. It’s now up to Apple and Google to respond.</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>Microsoft sent a strong signal to developers that could hurt Apple and Google</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft sent a strong signal to developers that could hurt Apple and Google\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 17:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/microsoft-app-store-revenue-google-apple-200213646.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Microsoft (MSFT) launched a broadside against rivals Apple (AAPL) and Google (GOOG, GOOGL) on Thursday, announcing that the next version of Windows, called Windows 11, will feature an app store that ...</p>\n\n<a href=\"https://finance.yahoo.com/news/microsoft-app-store-revenue-google-apple-200213646.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09086":"华夏纳指-U","AAPL":"苹果","03086":"华夏纳指","MSFT":"微软","GOOGL":"谷歌A","QNETCN":"纳斯达克中美互联网老虎指数","GOOG":"谷歌"},"source_url":"https://finance.yahoo.com/news/microsoft-app-store-revenue-google-apple-200213646.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146023165","content_text":"Microsoft (MSFT) launched a broadside against rivals Apple (AAPL) and Google (GOOG, GOOGL) on Thursday, announcing that the next version of Windows, called Windows 11, will feature an app store that lets developers keep 100% of the revenue from sales of their apps.\nThat’s a massive departure from the policies Apple and Google have in place that require app developers who use their stores to pay 30% fees on the sale of apps and in-app purchases.\n“Windows has always stood for sovereignty for creators and agency for consumers,” Microsoft CEO Satya Nadella said. “A platform can only serve society if its rules allow for this foundational innovation and category creation. It’s why we’re introducing new store commerce models and policies.”\nThe move is certain to rankle executives at both Apple and Google, which are facing antitrust investigations into their app store practices.\nApple is awaiting a ruling in an antitrust case brought by Epic Games, in which the “Fortnite” developer accused the iPhone maker of abusing its market power over the App Store by forcing developers to use its own payment system and fork over the associated fees.\nGoogle, meanwhile, faces a similar lawsuit from Epic and is expected to get slapped with a lawsuit from a collection of state attorneys general for its app store policies.\nMicrosoft has been criticizing Apple’s policies\nThis isn’t the first time Microsoft has called out its rivals and their app stores. The company has criticized Apple’s policies in the past, specifically Apple’s policy of taking a share of revenue from Microsoft apps purchased through the Apple App Store.\nMore recently, Microsoft sparred with Apple over its desire to get its xCloud cloud gaming platform onto the iPhone via a native app. Apple has pushed back, hampering Microsoft’s cloud gaming ambitions and forcing it to make users rely on a browser-style app.\nThat led Microsoft to meet and lodge a complaint with members of the House Antitrust Subcommittee during the body’s investigation into Apple, Google, Amazon, and Facebook.\nMicrosoft has debuted the latest version of its Windows operating system: Windows 11. (Image: Microsoft)Microsoft\nMicrosoft also took aim at Apple in the iPhone maker’s battle with “Fortnite” developer Epic Games. In that instance, Microsoft filed a statement of support for Epic in its fight to prevent Apple withholding iOS support for Epic’s Unreal Engine.\nEpic initially sued Apple and Google after the two companies removed “Fornite” from their respective app stores. Apple and Google argue that Epic implemented an update that added a separate payment system allowing consumers to circumvent Apple or Google’s payment services. That effectively cut out Apple and Google’s 30% app store fees.\nEpic’s fight with Apple wrapped up earlier this month and a ruling is expected before the end of the summer.\nMicrosoft could win over developers\nWith its decision to allow developers to use their own payment systems, Microsoft is sending a signal to the global developer community that it is willing to play by their rules. That could help the company as it seeks to build out its app store and drive more business for Windows.\nWhile Microsoft was caught flat-footed in the smartphone wars, its moves with the Windows 11 Microsoft Store could give it the kind of boost from developers that it needs to begin taking market share from Apple and Google in the fight for app store supremacy. It’s now up to Apple and Google to respond.","news_type":1},"isVote":1,"tweetType":1,"viewCount":559,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129526903,"gmtCreate":1624378193502,"gmtModify":1703835049557,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"What happen to the bitcoin hodler","listText":"What happen to the bitcoin hodler","text":"What happen to the bitcoin hodler","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129526903","repostId":"1190428306","repostType":4,"isVote":1,"tweetType":1,"viewCount":329,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161976744,"gmtCreate":1623903073888,"gmtModify":1703823101846,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Leaving comment","listText":"Leaving comment","text":"Leaving comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/161976744","repostId":"2143379379","repostType":4,"repost":{"id":"2143379379","kind":"highlight","pubTimestamp":1623893744,"share":"https://ttm.financial/m/news/2143379379?lang=&edition=fundamental","pubTime":"2021-06-17 09:35","market":"us","language":"en","title":"These 10 Stocks Make Up 85% of Warren Buffett's Portfolio","url":"https://stock-news.laohu8.com/highlight/detail?id=2143379379","media":"Motley Fool","summary":"Diversification isn't necessary if you know what you're doing, according to the Oracle of Omaha.","content":"<p>If you've ever wondered why <b>Berkshire Hathaway</b> (NYSE:BRK.A)(NYSE:BRK.B) CEO Warren Buffett's name gets brought up so much on Wall Street, it's because of his impressive investing track record. Buffett isn't infallible, but he's delivered an annual average return of 20% since the mid-1960s for his shareholders. In aggregate, we're talking about a return of more than 2,800,000%!</p>\n<p>What's even more amazing is that Buffett hasn't done anything the average investors couldn't do to net these huge gains. He focuses on a few sectors and industries that interest him, buys companies with clear-cut competitive advantages, and most importantly hangs onto those stakes for a very long time.</p>\n<p>Another source of Buffett's success is concentration. The Oracle of Omaha doesn't believe diversification is necessary if you know what you're doing. This is readily apparent in Berkshire Hathaway's $302.6 billion investment portfolio. As of this past weekend, 85% of Berkshire's invested assets ($257.3 billion) were tied up in only 10 stocks.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/601f21f3cc2f9e5524bd5d613063faa2\" tg-width=\"700\" tg-height=\"466\"><span>Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.</span></p>\n<h2>1. Apple: $115.6 billion</h2>\n<p>Tech kingpin <b>Apple</b> (NASDAQ:AAPL) makes up about 38% of Warren Buffett's portfolio by itself and has been dubbed \"Berkshire's third business\" by the Oracle of Omaha. Apple offers some of the strongest branding in the world, is the clear leader in smartphones in the U.S., and has been pivoting to higher-margin services under the leadership of CEO Tim Cook. Though iPhone sales remain Apple's top product, services becoming a larger percentage of total sales will help remove the revenue lumpiness associated with new product launches.</p>\n<h2>2. Bank of America: $43.2 billion</h2>\n<p>Bank stocks have long been Buffett's favorite place to put Berkshire's money work. <b>Bank of America</b> (NYSE:BAC) is Berkshire's unquestioned largest bank holding, with more than 14% of invested assets. Bank of America has done an excellent job of controlling its noninterest expenses by consolidating branches and emphasizing digital banking. It's also in line to benefit more than any other money-center bank from an eventual rise in interest rates.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ed3e6a16841306014bf0cfc3b1697b23\" tg-width=\"700\" tg-height=\"466\"><span>Image source: American <a href=\"https://laohu8.com/S/EXPR\">Express</a>.</span></p>\n<h2>3. American Express: $24.9 billion</h2>\n<p>Payment processor and lender <b>American Express</b> (NYSE:AXP) is Buffett's third-largest and third-longest-held stock. After 28 years of holding AmEx, Berkshire Hathaway's position has grown to almost $25 billion in value. This is a cyclical company that benefits from long periods of economic expansion, as well as its ability to attract affluent clientele. These well-to-do clients are less likely to change their spending habits when economic hiccups arise, which often means less worry about credit delinquencies for AmEx.</p>\n<h2>4. Coca-Cola: $22.5 billion</h2>\n<p>Speaking of long-tenured holdings, beverage behemoth <b>Coca-Cola</b> (NYSE:KO) is the longest-held stock in Buffett's portfolio (33 years). Coca-Cola operates in all but two countries worldwide (North Korea and Cuba) and has more than 20 brands generating at least $1 billion in annual sales. Thanks to its top-notch marketing team, it's also the best-known consumer goods brand. Coke has holiday tie-ins, has allied itself with well-known brand ambassadors, and is embracing digital advertising and social media as a way to get its message to a younger generation.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cc21d6aabfd53f63ded95ae16cbd64e1\" tg-width=\"700\" tg-height=\"468\"><span>Image source: Getty Images.</span></p>\n<h2>5. Kraft Heinz: $14.1 billion</h2>\n<p>There's little question that <b>Kraft Heinz</b> (NASDAQ:KHC) is the oddball holding in Buffett's top 10. That's because Buffett admits to Heinz overpaying for Kraft Foods, and the combined company largely underperforming in recent years. This includes a greater than $15 billion goodwill writedown in 2019. While the pandemic has helped boost demand for packaged foods, Kraft Heinz's balance sheet is still bogged down by high debt levels and goodwill. In short, Berkshire Hathaway is sort of stuck with its 325.6 million shares.</p>\n<h2>6. Verizon Communications: $9.1 billion</h2>\n<p>Telecommunications giant <b>Verizon</b> (NYSE:VZ) is a fairly recent addition to Berkshire Hathaway's portfolio, although it's been bought hand over fist in the previous two quarters by Buffett and his team. The lure of Verizon is likely its 4.4% dividend yield, which is arguably <a href=\"https://laohu8.com/S/AONE\">one</a> of the safest high-yield payouts on the planet. What's more, Verizon should benefit immensely from the rollout of 5G infrastructure. It's been a decade since the last major upgrade to download speeds, which suggests that a multiyear tech upgrade cycle will lead to higher-margin data consumption.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7343c3ce7330b86321a8ec9384d4baea\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>7. U.S. Bancorp: $8.7 billion</h2>\n<p>Next to BofA, <b>U.S. Bancorp</b> (NYSE:USB) is Buffett's favorite bank stock. It's a company that regularly trades at a premium to its book value -- and for good reason. U.S. Bancorp has seen its users embrace technology, with the percentage of consumer loans completed digitally skyrocketing over the past two years. Being able to consolidate its physical branches, while also avoiding riskier derivative investments that have gotten U.S. money-center banks in trouble, has helped U.S. Bancorp to some of the highest return on assets among big banks.</p>\n<h2>8. Moody's: $8.5 billion</h2>\n<p>Credit agency and analytics company <b>Moody's</b> (NYSE:MCO) is yet another top-10 holding that's been held for longer than two decades. With an initial cost basis of just over $10, Berkshire Hathaway is sitting on an unrealized gain of better than 3,300% -- and this isn't accounting for dividends. Historically low lending rates have kept Moody's credit rating segment busy, while volatile trading markets are boosting demand for Moody's analytics. It's hard to envision Buffett ever selling this stake.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8abdae403dddfa42107e06ea5bfddf39\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>9. BYD: $6.2 billion</h2>\n<p>Back in 2008, Buffett acquired 225 million shares of China-based electric-vehicle (EV) manufacturer <b>BYD</b> (OTC:BYDDY)&nbsp;for $1.03 a share (it closed this past week at $27.65 a share). In March, BYD sold 16,301 EVs, which is more than higher-profile competitors <b>NIO</b>&nbsp;and <b>XPeng</b>&nbsp;delivered on a combined basis in the same month. With the Society of Automotive Engineers of China forecasting that half of all new vehicles sales in 2035 will be powered by alternative energy, BYD is in pole position to disrupt the largest auto market in the world.</p>\n<h2>10. DaVita: $4.4 billion</h2>\n<p>Rounding out the top 10 is kidney dialysis services company <b>DaVita</b> (NYSE:DVA). Buffett's fascination with the company is likely a numbers play. Over time, an aging U.S. population is going to become more reliant on kidney dialysis services for maintenance purposes. As the clear leader in providing these services, DaVita should see a steady uptick in demand and reimbursement for its services. This patient long-term thesis perfectly embodies the Buffett investing ethos.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These 10 Stocks Make Up 85% of Warren Buffett's Portfolio</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese 10 Stocks Make Up 85% of Warren Buffett's Portfolio\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/16/10-stocks-make-up-85-of-warren-buffetts-portfolio/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If you've ever wondered why Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) CEO Warren Buffett's name gets brought up so much on Wall Street, it's because of his impressive investing track record. Buffett...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/16/10-stocks-make-up-85-of-warren-buffetts-portfolio/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","AAPL":"苹果","AXP":"美国运通","DVA":"达维塔保健","KO":"可口可乐","BRK.A":"伯克希尔","VZ":"威瑞森","BAC":"美国银行","KHC":"卡夫亨氏","BYDDY":"比亚迪ADR","USB":"美国合众银行","MCO":"穆迪"},"source_url":"https://www.fool.com/investing/2021/06/16/10-stocks-make-up-85-of-warren-buffetts-portfolio/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143379379","content_text":"If you've ever wondered why Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) CEO Warren Buffett's name gets brought up so much on Wall Street, it's because of his impressive investing track record. Buffett isn't infallible, but he's delivered an annual average return of 20% since the mid-1960s for his shareholders. In aggregate, we're talking about a return of more than 2,800,000%!\nWhat's even more amazing is that Buffett hasn't done anything the average investors couldn't do to net these huge gains. He focuses on a few sectors and industries that interest him, buys companies with clear-cut competitive advantages, and most importantly hangs onto those stakes for a very long time.\nAnother source of Buffett's success is concentration. The Oracle of Omaha doesn't believe diversification is necessary if you know what you're doing. This is readily apparent in Berkshire Hathaway's $302.6 billion investment portfolio. As of this past weekend, 85% of Berkshire's invested assets ($257.3 billion) were tied up in only 10 stocks.\nBerkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.\n1. Apple: $115.6 billion\nTech kingpin Apple (NASDAQ:AAPL) makes up about 38% of Warren Buffett's portfolio by itself and has been dubbed \"Berkshire's third business\" by the Oracle of Omaha. Apple offers some of the strongest branding in the world, is the clear leader in smartphones in the U.S., and has been pivoting to higher-margin services under the leadership of CEO Tim Cook. Though iPhone sales remain Apple's top product, services becoming a larger percentage of total sales will help remove the revenue lumpiness associated with new product launches.\n2. Bank of America: $43.2 billion\nBank stocks have long been Buffett's favorite place to put Berkshire's money work. Bank of America (NYSE:BAC) is Berkshire's unquestioned largest bank holding, with more than 14% of invested assets. Bank of America has done an excellent job of controlling its noninterest expenses by consolidating branches and emphasizing digital banking. It's also in line to benefit more than any other money-center bank from an eventual rise in interest rates.\nImage source: American Express.\n3. American Express: $24.9 billion\nPayment processor and lender American Express (NYSE:AXP) is Buffett's third-largest and third-longest-held stock. After 28 years of holding AmEx, Berkshire Hathaway's position has grown to almost $25 billion in value. This is a cyclical company that benefits from long periods of economic expansion, as well as its ability to attract affluent clientele. These well-to-do clients are less likely to change their spending habits when economic hiccups arise, which often means less worry about credit delinquencies for AmEx.\n4. Coca-Cola: $22.5 billion\nSpeaking of long-tenured holdings, beverage behemoth Coca-Cola (NYSE:KO) is the longest-held stock in Buffett's portfolio (33 years). Coca-Cola operates in all but two countries worldwide (North Korea and Cuba) and has more than 20 brands generating at least $1 billion in annual sales. Thanks to its top-notch marketing team, it's also the best-known consumer goods brand. Coke has holiday tie-ins, has allied itself with well-known brand ambassadors, and is embracing digital advertising and social media as a way to get its message to a younger generation.\nImage source: Getty Images.\n5. Kraft Heinz: $14.1 billion\nThere's little question that Kraft Heinz (NASDAQ:KHC) is the oddball holding in Buffett's top 10. That's because Buffett admits to Heinz overpaying for Kraft Foods, and the combined company largely underperforming in recent years. This includes a greater than $15 billion goodwill writedown in 2019. While the pandemic has helped boost demand for packaged foods, Kraft Heinz's balance sheet is still bogged down by high debt levels and goodwill. In short, Berkshire Hathaway is sort of stuck with its 325.6 million shares.\n6. Verizon Communications: $9.1 billion\nTelecommunications giant Verizon (NYSE:VZ) is a fairly recent addition to Berkshire Hathaway's portfolio, although it's been bought hand over fist in the previous two quarters by Buffett and his team. The lure of Verizon is likely its 4.4% dividend yield, which is arguably one of the safest high-yield payouts on the planet. What's more, Verizon should benefit immensely from the rollout of 5G infrastructure. It's been a decade since the last major upgrade to download speeds, which suggests that a multiyear tech upgrade cycle will lead to higher-margin data consumption.\nImage source: Getty Images.\n7. U.S. Bancorp: $8.7 billion\nNext to BofA, U.S. Bancorp (NYSE:USB) is Buffett's favorite bank stock. It's a company that regularly trades at a premium to its book value -- and for good reason. U.S. Bancorp has seen its users embrace technology, with the percentage of consumer loans completed digitally skyrocketing over the past two years. Being able to consolidate its physical branches, while also avoiding riskier derivative investments that have gotten U.S. money-center banks in trouble, has helped U.S. Bancorp to some of the highest return on assets among big banks.\n8. Moody's: $8.5 billion\nCredit agency and analytics company Moody's (NYSE:MCO) is yet another top-10 holding that's been held for longer than two decades. With an initial cost basis of just over $10, Berkshire Hathaway is sitting on an unrealized gain of better than 3,300% -- and this isn't accounting for dividends. Historically low lending rates have kept Moody's credit rating segment busy, while volatile trading markets are boosting demand for Moody's analytics. It's hard to envision Buffett ever selling this stake.\nImage source: Getty Images.\n9. BYD: $6.2 billion\nBack in 2008, Buffett acquired 225 million shares of China-based electric-vehicle (EV) manufacturer BYD (OTC:BYDDY) for $1.03 a share (it closed this past week at $27.65 a share). In March, BYD sold 16,301 EVs, which is more than higher-profile competitors NIO and XPeng delivered on a combined basis in the same month. With the Society of Automotive Engineers of China forecasting that half of all new vehicles sales in 2035 will be powered by alternative energy, BYD is in pole position to disrupt the largest auto market in the world.\n10. DaVita: $4.4 billion\nRounding out the top 10 is kidney dialysis services company DaVita (NYSE:DVA). Buffett's fascination with the company is likely a numbers play. Over time, an aging U.S. population is going to become more reliant on kidney dialysis services for maintenance purposes. As the clear leader in providing these services, DaVita should see a steady uptick in demand and reimbursement for its services. This patient long-term thesis perfectly embodies the Buffett investing ethos.","news_type":1},"isVote":1,"tweetType":1,"viewCount":538,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188408987,"gmtCreate":1623457349049,"gmtModify":1704204048616,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Like and comment I'll reply","listText":"Like and comment I'll reply","text":"Like and comment I'll reply","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/188408987","repostId":"2142204061","repostType":4,"isVote":1,"tweetType":1,"viewCount":402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345328980,"gmtCreate":1618280517040,"gmtModify":1704708524693,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>down more so we can load more","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>down more so we can load more","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$down more so we can load more","images":[{"img":"https://static.tigerbbs.com/fd7039135f51621058bca90c2953b3d9","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/345328980","isVote":1,"tweetType":1,"viewCount":828,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":343615668,"gmtCreate":1617712760954,"gmtModify":1704702086549,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Powell speaking every week!! Like pls","listText":"Powell speaking every week!! Like pls","text":"Powell speaking every week!! Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343615668","repostId":"2125757547","repostType":4,"repost":{"id":"2125757547","kind":"news","pubTimestamp":1617610742,"share":"https://ttm.financial/m/news/2125757547?lang=&edition=fundamental","pubTime":"2021-04-05 16:19","market":"us","language":"en","title":"FOMC meeting minutes, Powell speaks: What to know this week","url":"https://stock-news.laohu8.com/highlight/detail?id=2125757547","media":"Yahoo Finance","summary":"Traders returning from the long holiday weekend will turn their attention to more commentary out of ","content":"<p>Traders returning from the long holiday weekend will turn their attention to more commentary out of the Federal Reserve, with the Federal Open Market Committee's latest meeting minutes and a speech from Fed Chair Jerome Powell on deck. Relatively few new economic data reports or corporate earnings results are scheduled for release.</p><p>The FOMC's meeting minutes, due out Wednesday afternoon, will elucidate members' thinking from their March meeting. At the conclusion of that meeting, the central bank's median forecast for economic growth was sharply upwardly revised, reflecting improving growth trends as the trajectory of new COVID-19 infections improved and vaccinations broadened out. The central bank said it expects real GDP to grow 6.5% this year, versus the 4.2% rate it anticipated in December. The Fed also said it sees the unemployment rate improving to 4.5% by year-end before returning to its pre-pandemic level of 3.5% by 2023.</p><p>Despite these improving projections, the Fed still telegraphed that interest rates would likely remain on hold at current near-zero levels through 2023, with the central bank maintaining its ultra-accommodative monetary policy posturing despite a quicker-than-previously-expected economic recovery. Market participants have been wary of this message, with the Fed suggesting a stubborn tilt toward easy monetary policy even in the face of rising inflation. The Fed's latest forecast showed the median member believed core inflation would rise to 2.4% this year, hitting and exceeding the Fed's 2% target two years earlier than previously anticipated.</p><p>Fed Chair Powell said in his mid-March press conference that inflation would need to be \"on track to exceed 2% moderately for some time\" in order for the Fed to consider its inflation goal met and allow for liftoff on rates. However, that assertion has left some room for interpretation by market participants, leading many to speculate the Fed may be pushed to adjust policy sooner than it has recently telegraphed.</p><h2>'Forecast disagreement'</h2><h2></h2><p>According to a recent survey from Deustche Bank, \"The current gap between the market and the Fed is mostly about forecast disagreement. In particular, survey respondents expect that core PCE in the 2.2%-2.3% range in 2022 and 2023 will beget a more hawkish Fed response,\" Deutsche Bank economist Matthew Luzzetti wrote in a note. \"While we learned at the FOMC meeting that 2.1% core PCE [personal consumption expenditures] inflation is not sufficiently high to trigger liftoff, it is still unclear whether inflation rates in the 2.2%-2.3% range — as expected by our survey and market pricing — would be high enough to get the Fed to tighten. This ambiguity is <a href=\"https://laohu8.com/S/AONE\">one</a> drawback of the Fed's flexible average inflation targeting (FAIT) approach which leaves key parameters undefined.\"</p><p>\"If the Fed were to clearly signal that core PCE inflation in the 2.2%-2.3% range for a year or two is consistent with their view of FAIT and would not trigger a tightening of monetary policy, they could impact market pricing,\" he added. \"Conversely, if the FOMC believes they would raise rates in response to these inflation realizations, then the market is currently pricing an appropriate reaction function and it will take some time for a verdict on whether the Fed or market is correct about the persistence of this inflation shock.\"</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e00f01f2ead30a11c8273f332b00d3da\" tg-width=\"6000\" tg-height=\"4000\" referrerpolicy=\"no-referrer\"><span>WASHINGTON, DC - JANUARY 29: Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on January 29, 2020 in Washington, DC. Chairman Powell announced that the Federal Reserve will not be adjusting interest rates. (Photo by Samuel Corum/Getty Images)Samuel Corum via Getty Images</span></p><p>But while the jury appears to be out among market participants when it comes to the timing of the next rate hike, many agree that the first step toward tightening by the Federal Reserve will likely occur in their crisis-era asset purchase program. Fed Chair Powell said that the central bank would be looking for \"substantial further progress\" — and specifically \"actual progress\" in the data and not \"forecast progress\" — toward the Fed's employment and inflation goals before considering tapering.</p><p>Still, with the latest batch of March economic data exceeding estimates, the Fed may soon begin offering up firmer guidance around its plan for tapering the $120 billion per-month asset purchase program, which was first put into place at the start of the pandemic last year.</p><p>\"Financial conditions should remain quite accommodative for a while, and in our view risks an overshoot,\" Rich Rieder, BlackRock chief investment officer, said in a note. \"We think that the Fed should be able to taper asset purchases sooner than many expect and perhaps by the end of the year, or early next year, which suggests to us that communicating its plan could come as early as the June meeting.\"</p><p>While the forthcoming meeting minutes will not take into account FOMC members' appraisal of the latest batch of economic data, it will offer market participants a sense of whether some members were inclined to look past the first signs of a faster-than-expected economic recovery in dictating the direction of monetary policy.</p><p>That said, Fed Chair Powell's public remarks this coming Thursday will offer a more timely view of the central bank's policy thinking. Powell will be speaking at an International Monetary Fund panel on the global economy Thursday afternoon.</p><p>The discussion will come about a week after the Labor Department's March jobs report, which showed a much better than expected gain of 916,000 non-farm payrolls and a dip in the unemployment rate to 6.0%. Plus, last week's Institute for Supply Management's manufacturing purchasing managers' index unexpectedly jumped to a 37-year high, with some survey participants already citing a rise in commodity prices and a supply and demand mismatch that could exacerbate upward price pressures. Market participants will eye Powell's address to see whether or not these prints shift the needle in the Fed's monetary policy projections.</p><p>\"We expect that as the data come in, the volatility in Fed views will become more pronounced over coming months,\" RBC Capital Markets economists wrote in a note last week.</p><h2>Economic calendar</h2><ul><li><p><b>Monday: </b><a href=\"https://laohu8.com/S/MRKT\">Markit</a> U.S. Services PMI, March Final (60.2 expected, 60.0 in prior print); Markit U.S. Composite PMI, March Final (59.1 in prior print); ISM Services Index, March (58.7 expected, 55.3 in February); Factory Orders, February (-0.5% expected, 2.6% in January); Durable Goods Orders, February Final (-1.1% expected, -1.1% in prior print); Durable Goods Orders excluding transportation, February final (-0.9% expected, -0.9% in prior print); Non-defense capital goods orders excluding aircraft, February final (-0.8% in prior print); Non-defense capital goods shipments excluding aircraft, February final (-1.0% in prior print)</p></li><li><p><b>Tuesday:</b> JOLTS Job Openings, February (6.944 million expected, 6.917 million in prior print)</p></li><li><p><b>Wednesday: </b>MBA Mortgage Applications, week ended April 2 (-2.2% during prior week); Trade Balance, February (-$70.5 billion expected, -$68.2 billion in January); Consumer credit, February ($2.800 billion expected, -$1.315 billion in January) FOMC Meeting Minutes, March Meeting</p></li><li><p><b>Thursday: </b>Initial jobless claims, week ended April 3 (690,000 expected, 719,000 during prior week); Continuing claims, week ended March 27 (3.794 million during prior week)</p></li><li><p><b>Friday:</b> Producer Price Index, month-over-month, March (0.5% expected, 0.5% in February); Producer Price Index excluding food and energy, month-over-month, March (0.2% expected, 0.2% in February); Producer Price Index, year-over-year, March (3.8% expected, 2.5% in February); Producer Price Index excluding food and energy year-over-year, March (2.7% expected, 2.5% in February); Wholesale inventories, month-over-month, February final (0.5% expected, 0.5% in prior print)</p></li></ul><h2>Earnings calendar</h2><ul><li><p><b>Monday: </b>N/A</p></li><li><p><b>Tuesday: </b>N/A</p></li><li><p><b>Wednesday:</b> N/A</p></li><li><p><b>Thursday:</b> Constellation Brands (STZ) before market open</p></li><li><p><b>Friday: </b>N/A</p></li></ul>","source":"yahoofinance_au","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>FOMC meeting minutes, Powell speaks: What to know this week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFOMC meeting minutes, Powell speaks: What to know this week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-05 16:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fomc-meeting-minutes-powell-speaks-what-to-know-in-the-week-ahead-154814153.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Traders returning from the long holiday weekend will turn their attention to more commentary out of the Federal Reserve, with the Federal Open Market Committee's latest meeting minutes and a speech ...</p>\n\n<a href=\"https://finance.yahoo.com/news/fomc-meeting-minutes-powell-speaks-what-to-know-in-the-week-ahead-154814153.html\">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://finance.yahoo.com/news/fomc-meeting-minutes-powell-speaks-what-to-know-in-the-week-ahead-154814153.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125757547","content_text":"Traders returning from the long holiday weekend will turn their attention to more commentary out of the Federal Reserve, with the Federal Open Market Committee's latest meeting minutes and a speech from Fed Chair Jerome Powell on deck. Relatively few new economic data reports or corporate earnings results are scheduled for release.The FOMC's meeting minutes, due out Wednesday afternoon, will elucidate members' thinking from their March meeting. At the conclusion of that meeting, the central bank's median forecast for economic growth was sharply upwardly revised, reflecting improving growth trends as the trajectory of new COVID-19 infections improved and vaccinations broadened out. The central bank said it expects real GDP to grow 6.5% this year, versus the 4.2% rate it anticipated in December. The Fed also said it sees the unemployment rate improving to 4.5% by year-end before returning to its pre-pandemic level of 3.5% by 2023.Despite these improving projections, the Fed still telegraphed that interest rates would likely remain on hold at current near-zero levels through 2023, with the central bank maintaining its ultra-accommodative monetary policy posturing despite a quicker-than-previously-expected economic recovery. Market participants have been wary of this message, with the Fed suggesting a stubborn tilt toward easy monetary policy even in the face of rising inflation. The Fed's latest forecast showed the median member believed core inflation would rise to 2.4% this year, hitting and exceeding the Fed's 2% target two years earlier than previously anticipated.Fed Chair Powell said in his mid-March press conference that inflation would need to be \"on track to exceed 2% moderately for some time\" in order for the Fed to consider its inflation goal met and allow for liftoff on rates. However, that assertion has left some room for interpretation by market participants, leading many to speculate the Fed may be pushed to adjust policy sooner than it has recently telegraphed.'Forecast disagreement'According to a recent survey from Deustche Bank, \"The current gap between the market and the Fed is mostly about forecast disagreement. In particular, survey respondents expect that core PCE in the 2.2%-2.3% range in 2022 and 2023 will beget a more hawkish Fed response,\" Deutsche Bank economist Matthew Luzzetti wrote in a note. \"While we learned at the FOMC meeting that 2.1% core PCE [personal consumption expenditures] inflation is not sufficiently high to trigger liftoff, it is still unclear whether inflation rates in the 2.2%-2.3% range — as expected by our survey and market pricing — would be high enough to get the Fed to tighten. This ambiguity is one drawback of the Fed's flexible average inflation targeting (FAIT) approach which leaves key parameters undefined.\"\"If the Fed were to clearly signal that core PCE inflation in the 2.2%-2.3% range for a year or two is consistent with their view of FAIT and would not trigger a tightening of monetary policy, they could impact market pricing,\" he added. \"Conversely, if the FOMC believes they would raise rates in response to these inflation realizations, then the market is currently pricing an appropriate reaction function and it will take some time for a verdict on whether the Fed or market is correct about the persistence of this inflation shock.\"WASHINGTON, DC - JANUARY 29: Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on January 29, 2020 in Washington, DC. Chairman Powell announced that the Federal Reserve will not be adjusting interest rates. (Photo by Samuel Corum/Getty Images)Samuel Corum via Getty ImagesBut while the jury appears to be out among market participants when it comes to the timing of the next rate hike, many agree that the first step toward tightening by the Federal Reserve will likely occur in their crisis-era asset purchase program. Fed Chair Powell said that the central bank would be looking for \"substantial further progress\" — and specifically \"actual progress\" in the data and not \"forecast progress\" — toward the Fed's employment and inflation goals before considering tapering.Still, with the latest batch of March economic data exceeding estimates, the Fed may soon begin offering up firmer guidance around its plan for tapering the $120 billion per-month asset purchase program, which was first put into place at the start of the pandemic last year.\"Financial conditions should remain quite accommodative for a while, and in our view risks an overshoot,\" Rich Rieder, BlackRock chief investment officer, said in a note. \"We think that the Fed should be able to taper asset purchases sooner than many expect and perhaps by the end of the year, or early next year, which suggests to us that communicating its plan could come as early as the June meeting.\"While the forthcoming meeting minutes will not take into account FOMC members' appraisal of the latest batch of economic data, it will offer market participants a sense of whether some members were inclined to look past the first signs of a faster-than-expected economic recovery in dictating the direction of monetary policy.That said, Fed Chair Powell's public remarks this coming Thursday will offer a more timely view of the central bank's policy thinking. Powell will be speaking at an International Monetary Fund panel on the global economy Thursday afternoon.The discussion will come about a week after the Labor Department's March jobs report, which showed a much better than expected gain of 916,000 non-farm payrolls and a dip in the unemployment rate to 6.0%. Plus, last week's Institute for Supply Management's manufacturing purchasing managers' index unexpectedly jumped to a 37-year high, with some survey participants already citing a rise in commodity prices and a supply and demand mismatch that could exacerbate upward price pressures. Market participants will eye Powell's address to see whether or not these prints shift the needle in the Fed's monetary policy projections.\"We expect that as the data come in, the volatility in Fed views will become more pronounced over coming months,\" RBC Capital Markets economists wrote in a note last week.Economic calendarMonday: Markit U.S. Services PMI, March Final (60.2 expected, 60.0 in prior print); Markit U.S. Composite PMI, March Final (59.1 in prior print); ISM Services Index, March (58.7 expected, 55.3 in February); Factory Orders, February (-0.5% expected, 2.6% in January); Durable Goods Orders, February Final (-1.1% expected, -1.1% in prior print); Durable Goods Orders excluding transportation, February final (-0.9% expected, -0.9% in prior print); Non-defense capital goods orders excluding aircraft, February final (-0.8% in prior print); Non-defense capital goods shipments excluding aircraft, February final (-1.0% in prior print)Tuesday: JOLTS Job Openings, February (6.944 million expected, 6.917 million in prior print)Wednesday: MBA Mortgage Applications, week ended April 2 (-2.2% during prior week); Trade Balance, February (-$70.5 billion expected, -$68.2 billion in January); Consumer credit, February ($2.800 billion expected, -$1.315 billion in January) FOMC Meeting Minutes, March MeetingThursday: Initial jobless claims, week ended April 3 (690,000 expected, 719,000 during prior week); Continuing claims, week ended March 27 (3.794 million during prior week)Friday: Producer Price Index, month-over-month, March (0.5% expected, 0.5% in February); Producer Price Index excluding food and energy, month-over-month, March (0.2% expected, 0.2% in February); Producer Price Index, year-over-year, March (3.8% expected, 2.5% in February); Producer Price Index excluding food and energy year-over-year, March (2.7% expected, 2.5% in February); Wholesale inventories, month-over-month, February final (0.5% expected, 0.5% in prior print)Earnings calendarMonday: N/ATuesday: N/AWednesday: N/AThursday: Constellation Brands (STZ) before market openFriday: N/A","news_type":1},"isVote":1,"tweetType":1,"viewCount":393,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349590050,"gmtCreate":1617622207870,"gmtModify":1704700959496,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Like and comments!","listText":"Like and comments!","text":"Like and comments!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/349590050","repostId":"1113410999","repostType":4,"isVote":1,"tweetType":1,"viewCount":548,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3578877444948553","authorId":"3578877444948553","name":"ALDX","avatar":"https://static.tigerbbs.com/1c30b3322520635b1f24c04407d5574c","crmLevel":3,"crmLevelSwitch":0,"idStr":"3578877444948553","authorIdStr":"3578877444948553"},"content":"Done pls do the same for me","text":"Done pls do the same for me","html":"Done pls do the same for me"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349325306,"gmtCreate":1617548938305,"gmtModify":1704700365886,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Let's goooo like and comment here pls!!!","listText":"Let's goooo like and comment here pls!!!","text":"Let's goooo like and comment here pls!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/349325306","repostId":"1180941072","repostType":4,"repost":{"id":"1180941072","kind":"news","pubTimestamp":1617347526,"share":"https://ttm.financial/m/news/1180941072?lang=&edition=fundamental","pubTime":"2021-04-02 15:12","market":"us","language":"en","title":"Rehypothecated Leverage: How Archegos Built A $100 Billion Portfolio Out Of Thin Air... And Then Blew Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1180941072","media":"zerohedge","summary":"One week after the biggest, and most spectacular hedge fund collapse since LTCM, we now have an (alm","content":"<p>One week after the biggest, and most spectacular hedge fund collapse since LTCM, we now have an (almost) clear picture of how Bill Hwang’s Archegos family office managed to single-handedly make a boring media stock the best performing company of 2021, but then when its luck suddenly ended it was margin called into extinction, leading to billions in losses for the banks that enabled what Bloomberg has dubbed its<i>\"leveraged blowout.\"</i></p><p>Thanks to detailed reports by theFinancial TimesandBloomberg, we now have the missing pieces to complete the picture of the biggest hedge fund implosion of the 21st century.</p><p>As a reminder, and as wepreviously discussed, we already knew<i><b>how</b></i>Archegos was building up stakes in its various holdings: unlike most other investors, the fund never actually owned the underlying stock or even calls on the stock, but rather transacted by purchasing equity swaps known as Total Return Swaps (TRS) or Certificates For Difference (CFD). Similar to Credit Default Swaps, TRS exposed Archegos to the daily variation margin on the underlying stock, and as such while the fund would benefit economically from increases in the underlying stock price (and, inversely, would be hit by price drops forcing it to put up more cash as margin any day the stock price dropped) it would<i><b>never be the actual owner of record</b></i>of the underlying stock. Instead, the stock that Archegos was long would be \"owned\" by its prime broker, the same entity that allowed it to enter into TRS in the first place. As such<b>Archegos also never had any disclosure requirements</b>, allowing it to transact completely in the dark while being fully compliant with SEC disclosure requirements -<i>since it didn't own the underlying stock, Archegos did not have to disclose it.</i><b>Simple and brilliant.</b></p><p>This part is important because the lack of a documented trail of ownership to Archegos is what enabled the entire Ponzi bezzle... and the staggering leverage the fund applied to its portfolio. Furthermore, well aware that there was almost no way to verify just how much of a given stock he owned, Hwang proceeded to have nearly identical positions with not one, not two but at least<i><b>eight</b></i>prime brokers (the final number is still being determined as more and more come out of the woodwork).</p><p>Not that Archegos prime brokers were completely clueless as to what was going on.</p><p>As Bloomberg reports, while much of the investing world watched in stunned silence how an \"old media\" company - ViacomCBS - shot up almost 300% in weeks, becoming the best performing stock in the S&amp;P500 and prompting investors to speculate that the stock was was either undervalued,<i><b>or</b></i>like GameStop,<i><b>or</b></i>a takeover target, a handful of execs at Wall Street's top trading firms were aware of what was behind the move: it was Archegos Capital Management, who was building a massive position in&nbsp;ViacomCBS and a handful of other stocks...<b>using leverage the same banks so generously offered with stock which the banks themselves technically owned!</b></p><p><img src=\"https://static.tigerbbs.com/b2673e53795d60481c007d7f7d30c147\" tg-width=\"500\" tg-height=\"293\" referrerpolicy=\"no-referrer\">But while banks around the world - from<i>Goldman, Morgan Stanley and Wells in the US, to Credit Susse, UBS and Deutsche Bank in Europe, to Nomura and Mitsubishi UFJ in Japan</i>- kept giving Hwang the leverage he needed to acquire more and more of the stock, until he became the biggest<i><b>economic</b></i>if not<i><b>registered</b></i>owner of Viacom, what they did<i>not</i>know - thanks to the was Total Return Swaps are structured - was the full extent of his wagers. Which were massive:<i>he stealthily amassed $10 billion of Viacom</i>.</p><p>Viacom was just one of many: using even more TRS and even more leverage across even more Prime Brokers, Archegos was able to place colossal wagers while avoiding the disclosures required of most investors. And so<b>\"almost invisibly\" Hwang accumulated a portfolio which according to Bloomberg sources was as much as</b><b><u>$100 billion</u></b><b>!</b></p><p>Eventually, Archegos built positions in at least nine stocks that were big enough to rank him among the largest holders, fueled by a level of bank leverage that would have been unusual even for a hedge fund.</p><p>While we previously discussed the leverage aspect of Archegos strategy, here it is again: with Bill Hwuang managing approximately $10BN in assets under management, the multiple Total Return Swaps with unwitting prime brokers allowed the fund to build up a staggering $100 billion in positions, implying a huge 10x leverage. This is the kind of leverage one associated with the likes of financial titans likeCitadel and Millennium, not a smallish family office which has zero downside protection (as we would eventually learn).</p><p><img src=\"https://static.tigerbbs.com/e3436444c8e02081d1822cb0823fc1f1\" tg-width=\"500\" tg-height=\"285\" referrerpolicy=\"no-referrer\">What is amazing about this unilateral Ponzi scheme is that it relied on what we have dubbed<i><b>rehypothecated leverage</b></i>: the fund<i>never even owned the underlying stock which was layered with billions in generous Prime Broker debt</i>, but it was Archegos' Prime Brokers who not only would own the actual stock<b>but would also allow Hwang to add tens of billions in leverage... on an asset that they owned!</b></p><p>What is also remarkable is that Archegos' ponzi scheme could have continued indefinitely if only Viacom stock had i) continue to rise or ii) avoided a crash. After all, having ignited the initial upward moment, Archegos had effectively forced benchmark-tracking investors, exchange-traded funds, CTAs and other momentum investors to buy as well.</p><p>Sadly for Hwang (and his Primer Brokers) the upward momentum ended with a bang last Monday, when with its shares trading at $100, Viacom announced a $3BN stock sale, which hammered the stock, followed by a round of analyst downgrades, which sent the stock tumbling. It was at this point that Archegos was now facing tens of billions in margin calls on its VIACA Total Return Swaps from its Prime Brokers.</p><p><img src=\"https://static.tigerbbs.com/0543d0f74cfb9ce4e0ca6662b0f012a7\" tg-width=\"500\" tg-height=\"293\" referrerpolicy=\"no-referrer\">And therein lies the rub, because when the time came to unwind the Archegos Ponzi, the Prime Brokers' counterparty was not Archegos but other Prime Brokers. This is what led to the infamous meeting late last Thursday, where a bunch of PBs tried to reach an amicable resolution ahead of Friday's bloodbath. As Bloomberg adds, at several points during those exchanges, bankers implored Hwang to buy himself breathing room by selling some stocks and raising cash to post collateral. But \"he wouldn’t budge.\"</p><p>As a result, Morgan Stanley and Goldman promptly started dumping blocks of stock backing Archegos TRS in the open market. In doing so the started a margin call liquidation, in which those who sold first - like Goldman, Morgan Stanley and Deutsche - would avoid massive losses, while those who waited like Nomura and Credit Suisse...<i>would not.</i>Indeed, we already knew that Nomura, Japan’s largest investment bank, said its losses could hit $2Bn, while losses at Credit Suisse could be as large as $4Bn according to the FT.</p><p>At this point, many questions popped up, especially (and belatedly) inside the banks themselves: as theFT reports, executives within the prime brokerage divisions of at least two banks \"<b>are being quizzed by risk managers over why they offered a business as small as Archegos tens of billions of dollars of leverage on trades in volatile equities through swaps contracts,</b>.\"</p><p>As the FT further notes, echoing what we said above, while prime brokerage clients typically provide few details about their other trading activities, \"executives from at least two of the six banks are investigating whether Hwang deliberately misled them or withheld vital information about mirror positions he had built up at rival banks, according to people involved in the probes.\"</p><p>Well, no: Archegos did not mislead anyone. He simply used (and abused) a system where - as we put it - one investor can create as much rehypothecated leverage as the investors' banks and Prime Brokers will allow him. In this case we know the number may have been as high as a mindblowing $90 billion.</p><p>Naturally, had the banks known that<i><b>in a worst case scenario they would be facing other banks-</b></i>since such replicated, or rather rehypothecated position would magnify the risks on each of the trades making a bank less likely to extend so much credit against them&nbsp; - none of this would have been possible. However, as long as everything was going up, and all of Archegos positions were pleasasntly surging nobody seemed to care... or bother to calculate just how big the downside risk was (one can thank the Fed Put for that).</p><p>One final remarkable aspect of this whole story is that this is not Hwang's first crisis. In 2012 he submitted a&nbsp;guilty plea on behalf of his hedge fund to a charge of wire fraud, and he resolved related civil claims of insider trading without&nbsp;admitting or denying wrongdoing. Archegos is the family office he formed after winding down that firm, Tiger Asia Management.</p><p>However, as if nothing had ever happened, prime brokerages immediately began lining&nbsp;up to&nbsp;help the new business. Morgan Stanley was among his early backers.&nbsp;Deutsche Bank signed him as a client at the urging of at least one senior executive, according to Bloomberg, \"who was unperturbed by the insider-trading taint and didn’t believe Hwang had done anything wrong, according to a person familiar with that decision.\" Ironically, just a few years later,<b>Hwang did something wrong and it would prove to be the biggest hedge fund collapse in post-LTCM history.</b></p><p>Not every bank acted like an idiot: one firm resisted the lure. Archegos approached JPMorgan sometime between 2016 and 2018 and was rebuffed, according to the Bloomberg report. At the time, JPMorgan was still revamping the equity prime-brokerage unit it had acquired with Bear Stearns during the 2008 financial crisis. \"Dumb luck or not, the bank dodged a bullet.\"</p><p>The rest of the story is mostly known, so now what.</p><p>Well, aswe first hintedand as Bloomberg reports, already regulators are dropping hints of new rules to come, with SEC officials signaling to banks that they intend to make trading disclosures from hedge funds a higher priority, while also finding ways to address risk and leverage.</p><blockquote><i>Senior finance executives acknowledge that a crackdown of some form, whether on borrowing or transparency or both, is inevitable.</i></blockquote><p>Amusingly, and picking up on the FT's reporting, Bloomberg also notes that while some of those firms have disclosed the financial impact of their roles in the Archegos collapse,<b>none is willing to comment on how or why they enabled Hwang to become such a force in the market.</b>After all what can they say: \"the other guys vetted him, so we assumed he was clean\"...</p><p>There are also questions whether Hwang’s counterparties knew about his relationships with other banks and the scale of the leverage he was using for what appear to be concentrated positions in a handful of companies. And - more ominously - if they did not know anything about his exposure,<b>why the hell not?</b>As wereported on Tuesday, JPMorgan (which successfully managed to avoid this scandal completely) estimated that the Prime Brokers facing Archegos may end up<b>absorbing as much as $10 billion in combined losses.</b></p><p>Already credit rating agencies have downgraded outlooks for Credit Suisse and Nomura, citing concerns over “the quality of risk management” while activist investors are demanding better governance and would not mind if senior execs were summarily fired over this episode to restore confidence.</p><p>\"Risk controls still are not where they should be,\" David Herro, one of Credit Suisse’s biggest shareholders, said Wednesday in a Bloomberg TV&nbsp;interview. \"Hopefully, this is a wake-up call to expedite the cultural change that is needed in this company.\"</p><p>But going back to Bloomberg's original point, for all their silence the prime-brokerage units of&nbsp;Nomura,&nbsp;Goldman Sachs,&nbsp;Morgan Stanley, Credit Suisse and others,<b>had clues about what Archegos was doing.</b>These firms knew about the trades they had financed, of course, and also had some visibility into his total borrowings. And yet they didn't bother to ask about what, if any, risk management was being implemented to avoid an uncontrolled unwind. Or rather,<i><b>the questions emerged only after the margin call.</b></i></p><p>What the Prime Brokers also didn't know is that Hwang was taking parallel positions at multiple firms, piling more leverage onto the same few stocks, which brings us back to our<i><b>rehypothecated leverage</b></i>concept which we are confident we will use much more in the coming months, especially since \"unwinding a series of large, leveraged bets placed by a single account is one thing; doing so when rival banks are liquidating the same positions held by the same client is quite another.\"</p><p>Archegos' own \"Lehman moment\" came late on March 25 when Hwang’s prime brokers met again and discussed the possibility of standing down temporarily to let tensions ease, as we reported previously, but any attempt at solidarity proved short-lived: shortly after some PBs sent Archegos notices of default, clearing the way for Goldman and Morgan Stanley to dump Hwang's positions.</p><p>“Hopefully this will cause the prime brokerages of regulated banking organizations (and their supervisors) to re-assess their relationships with highly leveraged hedge funds,” former FDIC chair Sheila Bair tweeted.</p><p><img src=\"https://static.tigerbbs.com/b70d4570bcc92554dba7f9d5db168422\" tg-width=\"470\" tg-height=\"335\" referrerpolicy=\"no-referrer\">She is, of course, wrong.</p><p>In fact, if anything we expect Prime Brokers will make leverage<i>even easier to obtain for non-bank, hedge fund and family office clients</i>, because the one big mistake Archegos (and its Prime Brokers) made was that it was not big and systemic enough to merit a Fed bailout. Now, if Archegos had a portfolio of $200 billion, $300 billion or more, while usingCitadel's 50x leverage,<b>now we're talking \"size\"...</b>size enough for the Fed to step in and make everyone whole on the back of taxpayers... the same way the Fed bailed out Citadel, Millennium and Point72 in September 2019 during the repo crisis (as bothZero Hedgeand subsequentlyBloomberg, explained).</p><p>There is another reason nothing will change: hedge funds, Prime Brokers, banks - in fact the Fed itself - are all incentivized to<i><u><b>not</b></u></i>look at what skeletons may be found in the closet. Why? Because if the banks are forced to admit that there are more Archegos funds -<i><u><b>and there are countless</b></u></i>- Prime Brokers will have no choice but to sequester collateral from more clients, sparking more margin calls, leading to more stock liquidations, and resulting in even bigger investor panic. Call it a side effect of building castles on crooked foundations in an artificial, fake, Fed-supported market.</p><p>Is another market panic what the Fed wants? Or what the Biden admin wants? Of course not.</p><p>Which is why we will get a token Congressional hearing where politicians care more to hear themselves talk than listen to the answers, the banks will slap a few hands, one or two small sacrificial hedge funds will be shut down, and the world will move on, especially once Archegos is no longer on the front page of the financial media.</p><p>It's also why when the next major hedge fund implosion does happen, it will be far more catastrophic.</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>Rehypothecated Leverage: How Archegos Built A $100 Billion Portfolio Out Of Thin Air... And Then Blew Up</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\">\nRehypothecated Leverage: How Archegos Built A $100 Billion Portfolio Out Of Thin Air... And Then Blew Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 15:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/rehypothecated-leverage-how-archegos-built-100-billion-portfolio-out-thin-air-and-then-blew><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>One week after the biggest, and most spectacular hedge fund collapse since LTCM, we now have an (almost) clear picture of how Bill Hwang’s Archegos family office managed to single-handedly make a ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/rehypothecated-leverage-how-archegos-built-100-billion-portfolio-out-thin-air-and-then-blew\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/rehypothecated-leverage-how-archegos-built-100-billion-portfolio-out-thin-air-and-then-blew","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180941072","content_text":"One week after the biggest, and most spectacular hedge fund collapse since LTCM, we now have an (almost) clear picture of how Bill Hwang’s Archegos family office managed to single-handedly make a boring media stock the best performing company of 2021, but then when its luck suddenly ended it was margin called into extinction, leading to billions in losses for the banks that enabled what Bloomberg has dubbed its\"leveraged blowout.\"Thanks to detailed reports by theFinancial TimesandBloomberg, we now have the missing pieces to complete the picture of the biggest hedge fund implosion of the 21st century.As a reminder, and as wepreviously discussed, we already knewhowArchegos was building up stakes in its various holdings: unlike most other investors, the fund never actually owned the underlying stock or even calls on the stock, but rather transacted by purchasing equity swaps known as Total Return Swaps (TRS) or Certificates For Difference (CFD). Similar to Credit Default Swaps, TRS exposed Archegos to the daily variation margin on the underlying stock, and as such while the fund would benefit economically from increases in the underlying stock price (and, inversely, would be hit by price drops forcing it to put up more cash as margin any day the stock price dropped) it wouldnever be the actual owner of recordof the underlying stock. Instead, the stock that Archegos was long would be \"owned\" by its prime broker, the same entity that allowed it to enter into TRS in the first place. As suchArchegos also never had any disclosure requirements, allowing it to transact completely in the dark while being fully compliant with SEC disclosure requirements -since it didn't own the underlying stock, Archegos did not have to disclose it.Simple and brilliant.This part is important because the lack of a documented trail of ownership to Archegos is what enabled the entire Ponzi bezzle... and the staggering leverage the fund applied to its portfolio. Furthermore, well aware that there was almost no way to verify just how much of a given stock he owned, Hwang proceeded to have nearly identical positions with not one, not two but at leasteightprime brokers (the final number is still being determined as more and more come out of the woodwork).Not that Archegos prime brokers were completely clueless as to what was going on.As Bloomberg reports, while much of the investing world watched in stunned silence how an \"old media\" company - ViacomCBS - shot up almost 300% in weeks, becoming the best performing stock in the S&P500 and prompting investors to speculate that the stock was was either undervalued,orlike GameStop,ora takeover target, a handful of execs at Wall Street's top trading firms were aware of what was behind the move: it was Archegos Capital Management, who was building a massive position in ViacomCBS and a handful of other stocks...using leverage the same banks so generously offered with stock which the banks themselves technically owned!But while banks around the world - fromGoldman, Morgan Stanley and Wells in the US, to Credit Susse, UBS and Deutsche Bank in Europe, to Nomura and Mitsubishi UFJ in Japan- kept giving Hwang the leverage he needed to acquire more and more of the stock, until he became the biggesteconomicif notregisteredowner of Viacom, what they didnotknow - thanks to the was Total Return Swaps are structured - was the full extent of his wagers. Which were massive:he stealthily amassed $10 billion of Viacom.Viacom was just one of many: using even more TRS and even more leverage across even more Prime Brokers, Archegos was able to place colossal wagers while avoiding the disclosures required of most investors. And so\"almost invisibly\" Hwang accumulated a portfolio which according to Bloomberg sources was as much as$100 billion!Eventually, Archegos built positions in at least nine stocks that were big enough to rank him among the largest holders, fueled by a level of bank leverage that would have been unusual even for a hedge fund.While we previously discussed the leverage aspect of Archegos strategy, here it is again: with Bill Hwuang managing approximately $10BN in assets under management, the multiple Total Return Swaps with unwitting prime brokers allowed the fund to build up a staggering $100 billion in positions, implying a huge 10x leverage. This is the kind of leverage one associated with the likes of financial titans likeCitadel and Millennium, not a smallish family office which has zero downside protection (as we would eventually learn).What is amazing about this unilateral Ponzi scheme is that it relied on what we have dubbedrehypothecated leverage: the fundnever even owned the underlying stock which was layered with billions in generous Prime Broker debt, but it was Archegos' Prime Brokers who not only would own the actual stockbut would also allow Hwang to add tens of billions in leverage... on an asset that they owned!What is also remarkable is that Archegos' ponzi scheme could have continued indefinitely if only Viacom stock had i) continue to rise or ii) avoided a crash. After all, having ignited the initial upward moment, Archegos had effectively forced benchmark-tracking investors, exchange-traded funds, CTAs and other momentum investors to buy as well.Sadly for Hwang (and his Primer Brokers) the upward momentum ended with a bang last Monday, when with its shares trading at $100, Viacom announced a $3BN stock sale, which hammered the stock, followed by a round of analyst downgrades, which sent the stock tumbling. It was at this point that Archegos was now facing tens of billions in margin calls on its VIACA Total Return Swaps from its Prime Brokers.And therein lies the rub, because when the time came to unwind the Archegos Ponzi, the Prime Brokers' counterparty was not Archegos but other Prime Brokers. This is what led to the infamous meeting late last Thursday, where a bunch of PBs tried to reach an amicable resolution ahead of Friday's bloodbath. As Bloomberg adds, at several points during those exchanges, bankers implored Hwang to buy himself breathing room by selling some stocks and raising cash to post collateral. But \"he wouldn’t budge.\"As a result, Morgan Stanley and Goldman promptly started dumping blocks of stock backing Archegos TRS in the open market. In doing so the started a margin call liquidation, in which those who sold first - like Goldman, Morgan Stanley and Deutsche - would avoid massive losses, while those who waited like Nomura and Credit Suisse...would not.Indeed, we already knew that Nomura, Japan’s largest investment bank, said its losses could hit $2Bn, while losses at Credit Suisse could be as large as $4Bn according to the FT.At this point, many questions popped up, especially (and belatedly) inside the banks themselves: as theFT reports, executives within the prime brokerage divisions of at least two banks \"are being quizzed by risk managers over why they offered a business as small as Archegos tens of billions of dollars of leverage on trades in volatile equities through swaps contracts,.\"As the FT further notes, echoing what we said above, while prime brokerage clients typically provide few details about their other trading activities, \"executives from at least two of the six banks are investigating whether Hwang deliberately misled them or withheld vital information about mirror positions he had built up at rival banks, according to people involved in the probes.\"Well, no: Archegos did not mislead anyone. He simply used (and abused) a system where - as we put it - one investor can create as much rehypothecated leverage as the investors' banks and Prime Brokers will allow him. In this case we know the number may have been as high as a mindblowing $90 billion.Naturally, had the banks known thatin a worst case scenario they would be facing other banks-since such replicated, or rather rehypothecated position would magnify the risks on each of the trades making a bank less likely to extend so much credit against them  - none of this would have been possible. However, as long as everything was going up, and all of Archegos positions were pleasasntly surging nobody seemed to care... or bother to calculate just how big the downside risk was (one can thank the Fed Put for that).One final remarkable aspect of this whole story is that this is not Hwang's first crisis. In 2012 he submitted a guilty plea on behalf of his hedge fund to a charge of wire fraud, and he resolved related civil claims of insider trading without admitting or denying wrongdoing. Archegos is the family office he formed after winding down that firm, Tiger Asia Management.However, as if nothing had ever happened, prime brokerages immediately began lining up to help the new business. Morgan Stanley was among his early backers. Deutsche Bank signed him as a client at the urging of at least one senior executive, according to Bloomberg, \"who was unperturbed by the insider-trading taint and didn’t believe Hwang had done anything wrong, according to a person familiar with that decision.\" Ironically, just a few years later,Hwang did something wrong and it would prove to be the biggest hedge fund collapse in post-LTCM history.Not every bank acted like an idiot: one firm resisted the lure. Archegos approached JPMorgan sometime between 2016 and 2018 and was rebuffed, according to the Bloomberg report. At the time, JPMorgan was still revamping the equity prime-brokerage unit it had acquired with Bear Stearns during the 2008 financial crisis. \"Dumb luck or not, the bank dodged a bullet.\"The rest of the story is mostly known, so now what.Well, aswe first hintedand as Bloomberg reports, already regulators are dropping hints of new rules to come, with SEC officials signaling to banks that they intend to make trading disclosures from hedge funds a higher priority, while also finding ways to address risk and leverage.Senior finance executives acknowledge that a crackdown of some form, whether on borrowing or transparency or both, is inevitable.Amusingly, and picking up on the FT's reporting, Bloomberg also notes that while some of those firms have disclosed the financial impact of their roles in the Archegos collapse,none is willing to comment on how or why they enabled Hwang to become such a force in the market.After all what can they say: \"the other guys vetted him, so we assumed he was clean\"...There are also questions whether Hwang’s counterparties knew about his relationships with other banks and the scale of the leverage he was using for what appear to be concentrated positions in a handful of companies. And - more ominously - if they did not know anything about his exposure,why the hell not?As wereported on Tuesday, JPMorgan (which successfully managed to avoid this scandal completely) estimated that the Prime Brokers facing Archegos may end upabsorbing as much as $10 billion in combined losses.Already credit rating agencies have downgraded outlooks for Credit Suisse and Nomura, citing concerns over “the quality of risk management” while activist investors are demanding better governance and would not mind if senior execs were summarily fired over this episode to restore confidence.\"Risk controls still are not where they should be,\" David Herro, one of Credit Suisse’s biggest shareholders, said Wednesday in a Bloomberg TV interview. \"Hopefully, this is a wake-up call to expedite the cultural change that is needed in this company.\"But going back to Bloomberg's original point, for all their silence the prime-brokerage units of Nomura, Goldman Sachs, Morgan Stanley, Credit Suisse and others,had clues about what Archegos was doing.These firms knew about the trades they had financed, of course, and also had some visibility into his total borrowings. And yet they didn't bother to ask about what, if any, risk management was being implemented to avoid an uncontrolled unwind. Or rather,the questions emerged only after the margin call.What the Prime Brokers also didn't know is that Hwang was taking parallel positions at multiple firms, piling more leverage onto the same few stocks, which brings us back to ourrehypothecated leverageconcept which we are confident we will use much more in the coming months, especially since \"unwinding a series of large, leveraged bets placed by a single account is one thing; doing so when rival banks are liquidating the same positions held by the same client is quite another.\"Archegos' own \"Lehman moment\" came late on March 25 when Hwang’s prime brokers met again and discussed the possibility of standing down temporarily to let tensions ease, as we reported previously, but any attempt at solidarity proved short-lived: shortly after some PBs sent Archegos notices of default, clearing the way for Goldman and Morgan Stanley to dump Hwang's positions.“Hopefully this will cause the prime brokerages of regulated banking organizations (and their supervisors) to re-assess their relationships with highly leveraged hedge funds,” former FDIC chair Sheila Bair tweeted.She is, of course, wrong.In fact, if anything we expect Prime Brokers will make leverageeven easier to obtain for non-bank, hedge fund and family office clients, because the one big mistake Archegos (and its Prime Brokers) made was that it was not big and systemic enough to merit a Fed bailout. Now, if Archegos had a portfolio of $200 billion, $300 billion or more, while usingCitadel's 50x leverage,now we're talking \"size\"...size enough for the Fed to step in and make everyone whole on the back of taxpayers... the same way the Fed bailed out Citadel, Millennium and Point72 in September 2019 during the repo crisis (as bothZero Hedgeand subsequentlyBloomberg, explained).There is another reason nothing will change: hedge funds, Prime Brokers, banks - in fact the Fed itself - are all incentivized tonotlook at what skeletons may be found in the closet. Why? Because if the banks are forced to admit that there are more Archegos funds -and there are countless- Prime Brokers will have no choice but to sequester collateral from more clients, sparking more margin calls, leading to more stock liquidations, and resulting in even bigger investor panic. Call it a side effect of building castles on crooked foundations in an artificial, fake, Fed-supported market.Is another market panic what the Fed wants? Or what the Biden admin wants? Of course not.Which is why we will get a token Congressional hearing where politicians care more to hear themselves talk than listen to the answers, the banks will slap a few hands, one or two small sacrificial hedge funds will be shut down, and the world will move on, especially once Archegos is no longer on the front page of the financial media.It's also why when the next major hedge fund implosion does happen, it will be far more catastrophic.","news_type":1},"isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340837016,"gmtCreate":1617369853635,"gmtModify":1704699252012,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Weird thing, whenever articles written about lesser than contemporary, investors will be deemed as fans/ cults. But when you go traditional, we will be titled investors. Why?","listText":"Weird thing, whenever articles written about lesser than contemporary, investors will be deemed as fans/ cults. But when you go traditional, we will be titled investors. Why?","text":"Weird thing, whenever articles written about lesser than contemporary, investors will be deemed as fans/ cults. But when you go traditional, we will be titled investors. Why?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340837016","repostId":"2124785673","repostType":2,"repost":{"id":"2124785673","kind":"highlight","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1617246022,"share":"https://ttm.financial/m/news/2124785673?lang=&edition=fundamental","pubTime":"2021-04-01 11:00","market":"us","language":"en","title":"Only 8 ETFs Made You More Money Than Cathie Wood's ARK Innovation","url":"https://stock-news.laohu8.com/highlight/detail?id=2124785673","media":"Investors","summary":"Cathie Wood's ARK Invest just launched its eighth ETF. And it's easy to understand the enthusiasm for it: Only a handful of funds would have made you more than her firm's marquee fund.","content":"<html><body><p>Cathie Wood's ARK Invest just launched its eighth ETF. And it's easy to understand the enthusiasm for it: Only a handful of funds would have made you more than her firm's marquee fund.</p>\n<p>Just eight funds classified as exchange-trade funds, including Grayscale Bitcoin Trust, Direxion Daily Semiconductor Bull 3X and <a href=\"https://laohu8.com/S/ROM\">ProShares Ultra Technology</a>, posted higher total returns over the past five years than ARK Innovation, according to an Investor's Business Daily analysis of data from Morningstar Direct through March 30. ARK Innovation is Ark Invest's oldest and largest ETF, with more than $20 billion in assets.</p>\n<p>There are thousands of ETFs, but ARK Invest is in a class of its own. Only a single ETF in the same broad equity category, ARK Invest's own ARK Next Generation Internet, topped ARK Innovation's return in that time. ARK Innovation is up 45.3% annually over the past five years. The fund launched on Oct. 31, 2014. The SPDR S&amp;P 500 ETF Trust is only up 16.1% annually in that time.</p>\n<p>\"ARK Innovation's diverse thematic focus on industrial innovation, fintech, genomics, next generation Internet and more has helped it to generate a strong record and should help it to outperform in the years ahead,\" said Todd Rosenbluth, head of ETF and mutual fund research at CFRA.</p>\n<h2>All Eyes On ARK Invest's Next ETF</h2>\n<p>ARK Invest is best known for its <a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>. But it's expanding its role in the ETF universe. The company debuted its Space Exploration &amp; Innovation fund on March 30.</p>\n<p>The fund is designed to invest in the products and services poised to benefit from the development of new business models beyond Earth. The company's top holdings include aerospace pioneers like <strong>Lockheed Martin</strong> plus IBD Leaderboard member <strong>Boeing</strong>. Lockheed Martin is a 4.3% weighting in the new ETF. And Boeing is a roughly 4% position.</p>\n<p>The largest position in the new ARK Space Exploration ETF, at 8.5%, is <strong>Trimble</strong>. The Sunnyvale, Calif.-based company makes technology used to monitor and track building and transportation equipment. Shares of Trimble are up more than 138% in the past 12 months.</p>\n<p>But the new ARK Invest fund also holds some unexpected stocks for a space ETF. Other top holdings include online streaming company <strong>Netflix</strong> and farming equipment company <strong>Deere</strong>. If anyone gets the benefit of the doubt, though, it's ARK Invest. That's due to its track record.</p>\n<h2>ARK Invest Contends With Tough 2021</h2>\n<p>ARK Invest is off to a tough start of 2021. But fans think it's just a blip.</p>\n<p>The ARK Innovation ETF posted a total net loss of 8.2% this year so far. That puts it behind the SPDR S&amp;P 500 Trust's 5.8% return. Much of that's due to a lagging showing of top holding Tesla, which accounts for a tenth of the portfolio — more than any other holding.</p>\n<p>Tesla is down more than 12% this year, although ARK Invest still thinks it will drive market share gains with a self-driving car.</p>\n<h2>Looking To The Future For ARK Invest</h2>\n<p>Longer term, ARK Invest is in a class of its own. Grayscale Bitcoin is up more, 163% annually in the past five years. But it's a unique structure that's capitalizing on soaring prices of cybercurrency.</p>\n<p>Meanwhile, five of the eight ETFs outperforming ARK Innovation are all \"leveraged,\" such as Direxion Daily Semiconductor Bull 3X. That fund returned 81.4% annually by using margin instruments to amplify short term movements in underlying semiconductor stocks.</p>\n<p>\"The top of every leader board in any time frame will always be a 3x levered or inverse fund,\" said Dave Nadig, director of research at ETFTrends.com.</p>\n<p>And Barclay's <a href=\"https://laohu8.com/S/GRN\">iPath Global Carbon ETN</a> returned an impressive 58% annually the past five years. The ETN tracks the Barclays Global Carbon Index, which rises and falls along with carbon credit plans aiming to slow global warming. But the ETN is tiny, with just $6.6 million in assets. Additionally, it rarely trades, Nadig said.</p>\n<p>\"If you eliminate these false comparisons, ARK has the <a href=\"https://laohu8.com/S/AONE\">one</a>, two and three spots here,\" Nadig said. On top of ARK Innovation, that includes ARK Next Generation with a five-year annualized return of 51.9% and ARK Genomic Revolution, up 39.5% annually.</p>\n<p>That's definitely a track record for the new ARK Invest ETF to shoot for.</p>\n<h2>All Aboard The ARK</h2>\n<p><em>Ark Invest's ETFs dominated over the past five years, despite a rocky 2021 so far</em></p>\n<table>\n<thead>\n<tr>\n<th>Name</th>\n<th>Ticker</th>\n<th>YTD Total Return %</th>\n<th>Five-Year Annualized Total Return %</th>\n<th>Expense Ratio</th>\n<th>Assets ($ Billions)</th>\n</tr>\n</thead>\n<tbody>\n<tr>\n<td>Grayscale Bitcoin Trust</td>\n<td></td>\n<td>101.5%</td>\n<td><strong>163.8%</strong></td>\n<td>2.0%</td>\n<td>$38.2</td>\n</tr>\n<tr>\n<td>Direxion Daily Semicondct Bull 3X*</td>\n<td></td>\n<td>13.8</td>\n<td><strong>81.4</strong></td>\n<td>0.99</td>\n<td>4.2</td>\n</tr>\n<tr>\n<td>ProShares UltraPro*</td>\n<td></td>\n<td>-4.3</td>\n<td><strong>59.0</strong></td>\n<td>0.95</td>\n<td>10.8</td>\n</tr>\n<tr>\n<td>Direxion Daily Technology Bull 3X*</td>\n<td></td>\n<td>-3.0</td>\n<td><strong>58.9</strong></td>\n<td>1.01</td>\n<td>1.8</td>\n</tr>\n<tr>\n<td>iPath Global Carbon</td>\n<td></td>\n<td>29.6</td>\n<td><strong>58.1</strong></td>\n<td>0.75</td>\n<td>0.01</td>\n</tr>\n<tr>\n<td><a href=\"https://laohu8.com/S/USD\">ProShares Ultra Semiconductors</a>*</td>\n<td></td>\n<td>9.9</td>\n<td><strong>53.0</strong></td>\n<td>0.95</td>\n<td>0.2</td>\n</tr>\n<tr>\n<td>ARK Next Generation Internet</td>\n<td></td>\n<td>-2.5</td>\n<td><strong>51.9</strong></td>\n<td>0.79</td>\n<td>6.7</td>\n</tr>\n<tr>\n<td>ProShares Ultra Technology*</td>\n<td></td>\n<td>1.0</td>\n<td><strong>48.8</strong></td>\n<td>0.95</td>\n<td>0.7</td>\n</tr>\n<tr>\n<td>ARK Innovation</td>\n<td></td>\n<td>-8.2</td>\n<td><strong>45.3</strong></td>\n<td>0.75</td>\n<td>21.1</td>\n</tr>\n<tr>\n<td>ProShares Ultra QQQ*</td>\n<td></td>\n<td>-1.4</td>\n<td><strong>43.9</strong></td>\n<td>0.95</td>\n<td>3.8</td>\n</tr>\n<tr>\n<td>ARK Genomic Revolution</td>\n<td></td>\n<td>-9.6</td>\n<td><strong>39.5</strong></td>\n<td>0.75</td>\n<td>9</td>\n</tr>\n</tbody>\n</table>\n<div>\n<h5>Sources: IBD, Morningstar Direct, * — leveraged ETF</h5>\n<div>\n<div>\n<p><em>Follow Matt Krantz on <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> @mattkrantz</em></p>\n<div>\n<p><strong>YOU MAY ALSO LIKE:</strong></p>\n<div>\n<p>Bank of America Names Top 11 Stock Picks For 2021</p>\n<p>8 Top Stocks Will Soar Again In 2021, Analysts Say</p>\n<p>MarketSmith: Research, Charts, Data And Coaching All In One Place</p>\n<p>These 12 Stocks Turned $10,000 To $257,833 In 12 Months</p>\n<p>Analyzing The Market Sell-Off; What To Do Now</p>\n</div>\n</div>\n</div>\n</div>\n</div>\n</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>Only 8 ETFs Made You More Money Than Cathie Wood's ARK Innovation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOnly 8 ETFs Made You More Money Than Cathie Wood's ARK Innovation\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/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time\">2021-04-01 11:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>Cathie Wood's ARK Invest just launched its eighth ETF. And it's easy to understand the enthusiasm for it: Only a handful of funds would have made you more than her firm's marquee fund.</p>\n<p>Just eight funds classified as exchange-trade funds, including Grayscale Bitcoin Trust, Direxion Daily Semiconductor Bull 3X and <a href=\"https://laohu8.com/S/ROM\">ProShares Ultra Technology</a>, posted higher total returns over the past five years than ARK Innovation, according to an Investor's Business Daily analysis of data from Morningstar Direct through March 30. ARK Innovation is Ark Invest's oldest and largest ETF, with more than $20 billion in assets.</p>\n<p>There are thousands of ETFs, but ARK Invest is in a class of its own. Only a single ETF in the same broad equity category, ARK Invest's own ARK Next Generation Internet, topped ARK Innovation's return in that time. ARK Innovation is up 45.3% annually over the past five years. The fund launched on Oct. 31, 2014. The SPDR S&amp;P 500 ETF Trust is only up 16.1% annually in that time.</p>\n<p>\"ARK Innovation's diverse thematic focus on industrial innovation, fintech, genomics, next generation Internet and more has helped it to generate a strong record and should help it to outperform in the years ahead,\" said Todd Rosenbluth, head of ETF and mutual fund research at CFRA.</p>\n<h2>All Eyes On ARK Invest's Next ETF</h2>\n<p>ARK Invest is best known for its <a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a>. But it's expanding its role in the ETF universe. The company debuted its Space Exploration &amp; Innovation fund on March 30.</p>\n<p>The fund is designed to invest in the products and services poised to benefit from the development of new business models beyond Earth. The company's top holdings include aerospace pioneers like <strong>Lockheed Martin</strong> plus IBD Leaderboard member <strong>Boeing</strong>. Lockheed Martin is a 4.3% weighting in the new ETF. And Boeing is a roughly 4% position.</p>\n<p>The largest position in the new ARK Space Exploration ETF, at 8.5%, is <strong>Trimble</strong>. The Sunnyvale, Calif.-based company makes technology used to monitor and track building and transportation equipment. Shares of Trimble are up more than 138% in the past 12 months.</p>\n<p>But the new ARK Invest fund also holds some unexpected stocks for a space ETF. Other top holdings include online streaming company <strong>Netflix</strong> and farming equipment company <strong>Deere</strong>. If anyone gets the benefit of the doubt, though, it's ARK Invest. That's due to its track record.</p>\n<h2>ARK Invest Contends With Tough 2021</h2>\n<p>ARK Invest is off to a tough start of 2021. But fans think it's just a blip.</p>\n<p>The ARK Innovation ETF posted a total net loss of 8.2% this year so far. That puts it behind the SPDR S&amp;P 500 Trust's 5.8% return. Much of that's due to a lagging showing of top holding Tesla, which accounts for a tenth of the portfolio — more than any other holding.</p>\n<p>Tesla is down more than 12% this year, although ARK Invest still thinks it will drive market share gains with a self-driving car.</p>\n<h2>Looking To The Future For ARK Invest</h2>\n<p>Longer term, ARK Invest is in a class of its own. Grayscale Bitcoin is up more, 163% annually in the past five years. But it's a unique structure that's capitalizing on soaring prices of cybercurrency.</p>\n<p>Meanwhile, five of the eight ETFs outperforming ARK Innovation are all \"leveraged,\" such as Direxion Daily Semiconductor Bull 3X. That fund returned 81.4% annually by using margin instruments to amplify short term movements in underlying semiconductor stocks.</p>\n<p>\"The top of every leader board in any time frame will always be a 3x levered or inverse fund,\" said Dave Nadig, director of research at ETFTrends.com.</p>\n<p>And Barclay's <a href=\"https://laohu8.com/S/GRN\">iPath Global Carbon ETN</a> returned an impressive 58% annually the past five years. The ETN tracks the Barclays Global Carbon Index, which rises and falls along with carbon credit plans aiming to slow global warming. But the ETN is tiny, with just $6.6 million in assets. Additionally, it rarely trades, Nadig said.</p>\n<p>\"If you eliminate these false comparisons, ARK has the <a href=\"https://laohu8.com/S/AONE\">one</a>, two and three spots here,\" Nadig said. On top of ARK Innovation, that includes ARK Next Generation with a five-year annualized return of 51.9% and ARK Genomic Revolution, up 39.5% annually.</p>\n<p>That's definitely a track record for the new ARK Invest ETF to shoot for.</p>\n<h2>All Aboard The ARK</h2>\n<p><em>Ark Invest's ETFs dominated over the past five years, despite a rocky 2021 so far</em></p>\n<table>\n<thead>\n<tr>\n<th>Name</th>\n<th>Ticker</th>\n<th>YTD Total Return %</th>\n<th>Five-Year Annualized Total Return %</th>\n<th>Expense Ratio</th>\n<th>Assets ($ Billions)</th>\n</tr>\n</thead>\n<tbody>\n<tr>\n<td>Grayscale Bitcoin Trust</td>\n<td></td>\n<td>101.5%</td>\n<td><strong>163.8%</strong></td>\n<td>2.0%</td>\n<td>$38.2</td>\n</tr>\n<tr>\n<td>Direxion Daily Semicondct Bull 3X*</td>\n<td></td>\n<td>13.8</td>\n<td><strong>81.4</strong></td>\n<td>0.99</td>\n<td>4.2</td>\n</tr>\n<tr>\n<td>ProShares UltraPro*</td>\n<td></td>\n<td>-4.3</td>\n<td><strong>59.0</strong></td>\n<td>0.95</td>\n<td>10.8</td>\n</tr>\n<tr>\n<td>Direxion Daily Technology Bull 3X*</td>\n<td></td>\n<td>-3.0</td>\n<td><strong>58.9</strong></td>\n<td>1.01</td>\n<td>1.8</td>\n</tr>\n<tr>\n<td>iPath Global Carbon</td>\n<td></td>\n<td>29.6</td>\n<td><strong>58.1</strong></td>\n<td>0.75</td>\n<td>0.01</td>\n</tr>\n<tr>\n<td><a href=\"https://laohu8.com/S/USD\">ProShares Ultra Semiconductors</a>*</td>\n<td></td>\n<td>9.9</td>\n<td><strong>53.0</strong></td>\n<td>0.95</td>\n<td>0.2</td>\n</tr>\n<tr>\n<td>ARK Next Generation Internet</td>\n<td></td>\n<td>-2.5</td>\n<td><strong>51.9</strong></td>\n<td>0.79</td>\n<td>6.7</td>\n</tr>\n<tr>\n<td>ProShares Ultra Technology*</td>\n<td></td>\n<td>1.0</td>\n<td><strong>48.8</strong></td>\n<td>0.95</td>\n<td>0.7</td>\n</tr>\n<tr>\n<td>ARK Innovation</td>\n<td></td>\n<td>-8.2</td>\n<td><strong>45.3</strong></td>\n<td>0.75</td>\n<td>21.1</td>\n</tr>\n<tr>\n<td>ProShares Ultra QQQ*</td>\n<td></td>\n<td>-1.4</td>\n<td><strong>43.9</strong></td>\n<td>0.95</td>\n<td>3.8</td>\n</tr>\n<tr>\n<td>ARK Genomic Revolution</td>\n<td></td>\n<td>-9.6</td>\n<td><strong>39.5</strong></td>\n<td>0.75</td>\n<td>9</td>\n</tr>\n</tbody>\n</table>\n<div>\n<h5>Sources: IBD, Morningstar Direct, * — leveraged ETF</h5>\n<div>\n<div>\n<p><em>Follow Matt Krantz on <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> @mattkrantz</em></p>\n<div>\n<p><strong>YOU MAY ALSO LIKE:</strong></p>\n<div>\n<p>Bank of America Names Top 11 Stock Picks For 2021</p>\n<p>8 Top Stocks Will Soar Again In 2021, Analysts Say</p>\n<p>MarketSmith: Research, Charts, Data And Coaching All In One Place</p>\n<p>These 12 Stocks Turned $10,000 To $257,833 In 12 Months</p>\n<p>Analyzing The Market Sell-Off; What To Do Now</p>\n</div>\n</div>\n</div>\n</div>\n</div>\n</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKK":"ARK Innovation ETF"},"source_url":"https://www.investors.com/etfs-and-funds/etfs/ark-invest-only-eight-etfs-made-you-more-money-than-cathie-woods-innovation/?src=A00519A=aflTigerBrokers","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2124785673","content_text":"Cathie Wood's ARK Invest just launched its eighth ETF. And it's easy to understand the enthusiasm for it: Only a handful of funds would have made you more than her firm's marquee fund.\nJust eight funds classified as exchange-trade funds, including Grayscale Bitcoin Trust, Direxion Daily Semiconductor Bull 3X and ProShares Ultra Technology, posted higher total returns over the past five years than ARK Innovation, according to an Investor's Business Daily analysis of data from Morningstar Direct through March 30. ARK Innovation is Ark Invest's oldest and largest ETF, with more than $20 billion in assets.\nThere are thousands of ETFs, but ARK Invest is in a class of its own. Only a single ETF in the same broad equity category, ARK Invest's own ARK Next Generation Internet, topped ARK Innovation's return in that time. ARK Innovation is up 45.3% annually over the past five years. The fund launched on Oct. 31, 2014. The SPDR S&P 500 ETF Trust is only up 16.1% annually in that time.\n\"ARK Innovation's diverse thematic focus on industrial innovation, fintech, genomics, next generation Internet and more has helped it to generate a strong record and should help it to outperform in the years ahead,\" said Todd Rosenbluth, head of ETF and mutual fund research at CFRA.\nAll Eyes On ARK Invest's Next ETF\nARK Invest is best known for its ARK Innovation ETF. But it's expanding its role in the ETF universe. The company debuted its Space Exploration & Innovation fund on March 30.\nThe fund is designed to invest in the products and services poised to benefit from the development of new business models beyond Earth. The company's top holdings include aerospace pioneers like Lockheed Martin plus IBD Leaderboard member Boeing. Lockheed Martin is a 4.3% weighting in the new ETF. And Boeing is a roughly 4% position.\nThe largest position in the new ARK Space Exploration ETF, at 8.5%, is Trimble. The Sunnyvale, Calif.-based company makes technology used to monitor and track building and transportation equipment. Shares of Trimble are up more than 138% in the past 12 months.\nBut the new ARK Invest fund also holds some unexpected stocks for a space ETF. Other top holdings include online streaming company Netflix and farming equipment company Deere. If anyone gets the benefit of the doubt, though, it's ARK Invest. That's due to its track record.\nARK Invest Contends With Tough 2021\nARK Invest is off to a tough start of 2021. But fans think it's just a blip.\nThe ARK Innovation ETF posted a total net loss of 8.2% this year so far. That puts it behind the SPDR S&P 500 Trust's 5.8% return. Much of that's due to a lagging showing of top holding Tesla, which accounts for a tenth of the portfolio — more than any other holding.\nTesla is down more than 12% this year, although ARK Invest still thinks it will drive market share gains with a self-driving car.\nLooking To The Future For ARK Invest\nLonger term, ARK Invest is in a class of its own. Grayscale Bitcoin is up more, 163% annually in the past five years. But it's a unique structure that's capitalizing on soaring prices of cybercurrency.\nMeanwhile, five of the eight ETFs outperforming ARK Innovation are all \"leveraged,\" such as Direxion Daily Semiconductor Bull 3X. That fund returned 81.4% annually by using margin instruments to amplify short term movements in underlying semiconductor stocks.\n\"The top of every leader board in any time frame will always be a 3x levered or inverse fund,\" said Dave Nadig, director of research at ETFTrends.com.\nAnd Barclay's iPath Global Carbon ETN returned an impressive 58% annually the past five years. The ETN tracks the Barclays Global Carbon Index, which rises and falls along with carbon credit plans aiming to slow global warming. But the ETN is tiny, with just $6.6 million in assets. Additionally, it rarely trades, Nadig said.\n\"If you eliminate these false comparisons, ARK has the one, two and three spots here,\" Nadig said. On top of ARK Innovation, that includes ARK Next Generation with a five-year annualized return of 51.9% and ARK Genomic Revolution, up 39.5% annually.\nThat's definitely a track record for the new ARK Invest ETF to shoot for.\nAll Aboard The ARK\nArk Invest's ETFs dominated over the past five years, despite a rocky 2021 so far\n\n\n\nName\nTicker\nYTD Total Return %\nFive-Year Annualized Total Return %\nExpense Ratio\nAssets ($ Billions)\n\n\n\n\nGrayscale Bitcoin Trust\n\n101.5%\n163.8%\n2.0%\n$38.2\n\n\nDirexion Daily Semicondct Bull 3X*\n\n13.8\n81.4\n0.99\n4.2\n\n\nProShares UltraPro*\n\n-4.3\n59.0\n0.95\n10.8\n\n\nDirexion Daily Technology Bull 3X*\n\n-3.0\n58.9\n1.01\n1.8\n\n\niPath Global Carbon\n\n29.6\n58.1\n0.75\n0.01\n\n\nProShares Ultra Semiconductors*\n\n9.9\n53.0\n0.95\n0.2\n\n\nARK Next Generation Internet\n\n-2.5\n51.9\n0.79\n6.7\n\n\nProShares Ultra Technology*\n\n1.0\n48.8\n0.95\n0.7\n\n\nARK Innovation\n\n-8.2\n45.3\n0.75\n21.1\n\n\nProShares Ultra QQQ*\n\n-1.4\n43.9\n0.95\n3.8\n\n\nARK Genomic Revolution\n\n-9.6\n39.5\n0.75\n9\n\n\n\n\nSources: IBD, Morningstar Direct, * — leveraged ETF\n\n\nFollow Matt Krantz on Twitter @mattkrantz\n\nYOU MAY ALSO LIKE:\n\nBank of America Names Top 11 Stock Picks For 2021\n8 Top Stocks Will Soar Again In 2021, Analysts Say\nMarketSmith: Research, Charts, Data And Coaching All In One Place\nThese 12 Stocks Turned $10,000 To $257,833 In 12 Months\nAnalyzing The Market Sell-Off; What To Do Now","news_type":1},"isVote":1,"tweetType":1,"viewCount":203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354910081,"gmtCreate":1617117521443,"gmtModify":1704696138636,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ARKX\">$ARK Space Exploration &amp; Innovation ETF(ARKX)$</a>lets go to the moon!!","listText":"<a href=\"https://laohu8.com/S/ARKX\">$ARK Space Exploration &amp; Innovation ETF(ARKX)$</a>lets go to the moon!!","text":"$ARK Space Exploration & Innovation ETF(ARKX)$lets go to the moon!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/354910081","isVote":1,"tweetType":1,"viewCount":241,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359490275,"gmtCreate":1616418223897,"gmtModify":1704793788603,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Buy and hold for years!!Like and comment Ty!","listText":"Buy and hold for years!!Like and comment Ty!","text":"Buy and hold for years!!Like and comment Ty!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/359490275","repostId":"1197179279","repostType":4,"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359407410,"gmtCreate":1616418186130,"gmtModify":1704793787789,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Like and comment pls!!","listText":"Like and comment pls!!","text":"Like and comment pls!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/359407410","repostId":"2120420111","repostType":4,"isVote":1,"tweetType":1,"viewCount":223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350402710,"gmtCreate":1616245377230,"gmtModify":1704792443606,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Beautiful inverse heads and shoulders!!&nbsp;Like and comment old!?","listText":"Beautiful inverse heads and shoulders!!&nbsp;Like and comment old!?","text":"Beautiful inverse heads and shoulders!! Like and comment old!?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350402710","repostId":"1136440314","repostType":4,"repost":{"id":"1136440314","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616165231,"share":"https://ttm.financial/m/news/1136440314?lang=&edition=fundamental","pubTime":"2021-03-19 22:47","market":"us","language":"en","title":"Facebook rose more than 4%","url":"https://stock-news.laohu8.com/highlight/detail?id=1136440314","media":"Tiger Newspress","summary":"(March 19) Facebook rose more than 4%.Facebook is a strong positive outlier in the S&P 500 today,up ","content":"<p>(March 19)&nbsp;Facebook rose more than 4%.</p><p><img src=\"https://static.tigerbbs.com/fea58a0f3c9d80d1b9267044a776f39d\" tg-width=\"678\" tg-height=\"520\" referrerpolicy=\"no-referrer\"></p><p></p><p>Facebook&nbsp;is a strong positive outlier in the S&amp;P 500 today,up 4.08%&nbsp;and gaining (and bouncing back froma slightly decline yesterday) after CEO Mark Zuckerberg looked to change his tune on upcoming privacy changes from Apple.</p><p>Zuckerberg had increasingly taken an adversarial stance against the big-tech rival, but in a new discussion on audio platform Clubhouse, he said thatFacebook may be better off this way.</p><p>\"I think the reality is that I'm confident that we're gonna be able to manage through that situation,\" Zuckerberg said. \"And we'll be in a good position. I think it's possible that we may even be in a stronger position.\"</p><p>That marks a sharp reversal from last summer, when Facebook said Apple's change to unique device IDs couldcut revenues in half for its Audience Network in-app ad business, and Facebook chief Mark Zuckerbergsingled Apple out for criticism in a companywide meeting.</p><p>Now, Zuckerberg is saying Apple's changes might encourage sellers to use Facebook's commerce products directly.</p><p>\"Apple's changes encourage more businesses to conduct commerce on our platforms, by making it harder for them to basically use their data in order to find the customers that would want to use their products outside of our platforms,\" he said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook rose more than 4%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook rose more than 4%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-19 22:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(March 19)&nbsp;Facebook rose more than 4%.</p><p><img src=\"https://static.tigerbbs.com/fea58a0f3c9d80d1b9267044a776f39d\" tg-width=\"678\" tg-height=\"520\" referrerpolicy=\"no-referrer\"></p><p></p><p>Facebook&nbsp;is a strong positive outlier in the S&amp;P 500 today,up 4.08%&nbsp;and gaining (and bouncing back froma slightly decline yesterday) after CEO Mark Zuckerberg looked to change his tune on upcoming privacy changes from Apple.</p><p>Zuckerberg had increasingly taken an adversarial stance against the big-tech rival, but in a new discussion on audio platform Clubhouse, he said thatFacebook may be better off this way.</p><p>\"I think the reality is that I'm confident that we're gonna be able to manage through that situation,\" Zuckerberg said. \"And we'll be in a good position. I think it's possible that we may even be in a stronger position.\"</p><p>That marks a sharp reversal from last summer, when Facebook said Apple's change to unique device IDs couldcut revenues in half for its Audience Network in-app ad business, and Facebook chief Mark Zuckerbergsingled Apple out for criticism in a companywide meeting.</p><p>Now, Zuckerberg is saying Apple's changes might encourage sellers to use Facebook's commerce products directly.</p><p>\"Apple's changes encourage more businesses to conduct commerce on our platforms, by making it harder for them to basically use their data in order to find the customers that would want to use their products outside of our platforms,\" he said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136440314","content_text":"(March 19) Facebook rose more than 4%.Facebook is a strong positive outlier in the S&P 500 today,up 4.08% and gaining (and bouncing back froma slightly decline yesterday) after CEO Mark Zuckerberg looked to change his tune on upcoming privacy changes from Apple.Zuckerberg had increasingly taken an adversarial stance against the big-tech rival, but in a new discussion on audio platform Clubhouse, he said thatFacebook may be better off this way.\"I think the reality is that I'm confident that we're gonna be able to manage through that situation,\" Zuckerberg said. \"And we'll be in a good position. I think it's possible that we may even be in a stronger position.\"That marks a sharp reversal from last summer, when Facebook said Apple's change to unique device IDs couldcut revenues in half for its Audience Network in-app ad business, and Facebook chief Mark Zuckerbergsingled Apple out for criticism in a companywide meeting.Now, Zuckerberg is saying Apple's changes might encourage sellers to use Facebook's commerce products directly.\"Apple's changes encourage more businesses to conduct commerce on our platforms, by making it harder for them to basically use their data in order to find the customers that would want to use their products outside of our platforms,\" he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":109,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350318340,"gmtCreate":1616159910480,"gmtModify":1704791680987,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Mehh~ just go to trading view to check the yield 10 years back ticker \"US&nbsp;10Y\" and you'll see this is all MM trying to stir the market again...Give me a like and comment if you agree!!","listText":"Mehh~ just go to trading view to check the yield 10 years back ticker \"US&nbsp;10Y\" and you'll see this is all MM trying to stir the market again...Give me a like and comment if you agree!!","text":"Mehh~ just go to trading view to check the yield 10 years back ticker \"US 10Y\" and you'll see this is all MM trying to stir the market again...Give me a like and comment if you agree!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350318340","repostId":"1133934997","repostType":4,"isVote":1,"tweetType":1,"viewCount":266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327767323,"gmtCreate":1616127544062,"gmtModify":1704791298142,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Let's go!! Give me some likes!!","listText":"Let's go!! Give me some likes!!","text":"Let's go!! Give me some likes!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327767323","repostId":"2120016886","repostType":4,"isVote":1,"tweetType":1,"viewCount":82,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312040709,"gmtCreate":1611979335101,"gmtModify":1704866774834,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Hold","listText":"Hold","text":"Hold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/312040709","repostId":"1130139919","repostType":4,"isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312040290,"gmtCreate":1611979298710,"gmtModify":1704866774189,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/312040290","repostId":"1181933127","repostType":4,"repost":{"id":"1181933127","kind":"news","pubTimestamp":1611913647,"share":"https://ttm.financial/m/news/1181933127?lang=&edition=fundamental","pubTime":"2021-01-29 17:47","market":"us","language":"en","title":"China Starts Earnings With 9 in 10 Firms Expecting Higher Profit","url":"https://stock-news.laohu8.com/highlight/detail?id=1181933127","media":"Yahoo finance","summary":"Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investor","content":"<p>Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investors a stronger fundamental backdrop after stocks sank this week.</p>\n<p>Among the 1,200-odd firms listed in mainland China that issued preliminary results in January, 75% have said earnings rose last year, according to data compiled by Bloomberg as of Thursday. Firms in the communication services and health care sectors are set to report the biggest growth, followed by consumer staples and technology. Listed companies have until Sunday to announce significant changes in earnings.</p>\n<p>Evidence of China Inc.’s resilience to the slowest economic growth in four decades due to the coronavirus, capped by a stronger-than-expected fourth quarter, may offer relief to investors. The CSI 300 Index, which tracks the biggest firms in China, has dropped 4.4% the past three days from a 13-year high, raising worries that a near-term peak has been reached. That lost momentum came as the central bank withdraws liquidity and a central bank adviser warned of asset bubbles.</p>\n<p>“The stock rally we’ve seen this year has been obviously driven by liquidity -- now it needs fundamental reasons to be sustainable,” said Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd. “The market needs the actual results to be even better than the estimates we’ve had so far to keep rallying.”</p>\n<p>China’s exchange operators require companies that are expected to record losses, to turn from losses to profit, or to see income rise by more than 50% to issue preliminary guidance by the end of January. There are more than 4,000 companies listed in the mainland overall, and most are scheduled to release official numbers in March. Among the forecasters, Sansure Biotech Inc. estimated profit soared as much as 7,257% last year while Hengtong Logistics Co. predicted earnings surged as much as 4,673% from 2019’s level.</p>\n<p>Forecasts have helped boost many Chinese stocks to start 2020. Bank shares jumped earlier this month after China Merchants Bank Co. and Industrial Bank Co. reported stronger-than-expected preliminary 2020 earnings. Muyuan Foods Co. also surged after its forecast on Tuesday.</p>\n<p>Companies’ estimates have been far rosier than what analysts have been expecting. According to Bloomberg data, 2020 profit among CSI 300 members are expected to have fallen an average 7.7%. That would be the first decline in four years.</p>\n<p>(Corrects percentage in second paragraph)</p>\n<p>For more articles like this, please visit us atbloomberg.com</p>\n<p>Subscribe nowto stay ahead with the most trusted business news source.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Starts Earnings With 9 in 10 Firms Expecting Higher Profit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Starts Earnings With 9 in 10 Firms Expecting Higher Profit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 17:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/china-starts-earnings-9-10-200000779.html><strong>Yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investors a stronger fundamental backdrop after stocks sank this week.\nAmong the 1,200-odd firms listed in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/china-starts-earnings-9-10-200000779.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://finance.yahoo.com/news/china-starts-earnings-9-10-200000779.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181933127","content_text":"Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investors a stronger fundamental backdrop after stocks sank this week.\nAmong the 1,200-odd firms listed in mainland China that issued preliminary results in January, 75% have said earnings rose last year, according to data compiled by Bloomberg as of Thursday. Firms in the communication services and health care sectors are set to report the biggest growth, followed by consumer staples and technology. Listed companies have until Sunday to announce significant changes in earnings.\nEvidence of China Inc.’s resilience to the slowest economic growth in four decades due to the coronavirus, capped by a stronger-than-expected fourth quarter, may offer relief to investors. The CSI 300 Index, which tracks the biggest firms in China, has dropped 4.4% the past three days from a 13-year high, raising worries that a near-term peak has been reached. That lost momentum came as the central bank withdraws liquidity and a central bank adviser warned of asset bubbles.\n“The stock rally we’ve seen this year has been obviously driven by liquidity -- now it needs fundamental reasons to be sustainable,” said Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd. “The market needs the actual results to be even better than the estimates we’ve had so far to keep rallying.”\nChina’s exchange operators require companies that are expected to record losses, to turn from losses to profit, or to see income rise by more than 50% to issue preliminary guidance by the end of January. There are more than 4,000 companies listed in the mainland overall, and most are scheduled to release official numbers in March. Among the forecasters, Sansure Biotech Inc. estimated profit soared as much as 7,257% last year while Hengtong Logistics Co. predicted earnings surged as much as 4,673% from 2019’s level.\nForecasts have helped boost many Chinese stocks to start 2020. Bank shares jumped earlier this month after China Merchants Bank Co. and Industrial Bank Co. reported stronger-than-expected preliminary 2020 earnings. Muyuan Foods Co. also surged after its forecast on Tuesday.\nCompanies’ estimates have been far rosier than what analysts have been expecting. According to Bloomberg data, 2020 profit among CSI 300 members are expected to have fallen an average 7.7%. That would be the first decline in four years.\n(Corrects percentage in second paragraph)\nFor more articles like this, please visit us atbloomberg.com\nSubscribe nowto stay ahead with the most trusted business news source.","news_type":1},"isVote":1,"tweetType":1,"viewCount":128,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":318403396,"gmtCreate":1611880373515,"gmtModify":1704865142838,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"...","listText":"...","text":"...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/318403396","repostId":"2106424256","repostType":4,"isVote":1,"tweetType":1,"viewCount":214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":318403022,"gmtCreate":1611880365466,"gmtModify":1704865142677,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"...","listText":"...","text":"...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/318403022","repostId":"2106256495","repostType":4,"repost":{"id":"2106256495","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1611810060,"share":"https://ttm.financial/m/news/2106256495?lang=&edition=fundamental","pubTime":"2021-01-28 13:01","market":"sg","language":"en","title":"Gold demand hit an 11-year low in 2020","url":"https://stock-news.laohu8.com/highlight/detail?id=2106256495","media":"Dow Jones","summary":"Global demand for gold fell last year to its lowest level since 2009, as the coronavirus pandemic dr","content":"<p>Global demand for gold fell last year to its lowest level since 2009, as the coronavirus pandemic drove weakness in consumer demand for the precious metal, the World Gold Council reported Thursday.</p>\n<p>Total gold demand fell by 14% in 2020 to 3,759.6 metric tons -- the first annual level below the 4,000-metric-ton mark since 2009, according to data from the organization.</p>\n<p>\"While demand improved steadily from the severely depleted Q2 total, consumers across the world remained at that mercy of coronavirus lockdowns, economic weakness and high gold prices,\" the World Gold Council's Gold Demand Trends report said.</p>\n<p>Gold jewelry demand declined by 34% in 2020 to 1,411.6 metric tons, a record annual low. However, investment demand for gold surged 40% to a record annual high of 1,773.2 metric tons, with global gold-backed exchange-traded-fund annual inflows reaching a record 877.1 metric tons in 2020.</p>\n<p>Global holdings in gold-backed ETFs ended the year at a record of 3,751.5 metric tons, the report said.</p>\n<p>On Wednesday, February gold settled at $1,844.90 an ounce, down $6, or 0.3%, for the session.</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>Gold demand hit an 11-year low in 2020</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\">\nGold demand hit an 11-year low in 2020\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\">2021-01-28 13:01</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Global demand for gold fell last year to its lowest level since 2009, as the coronavirus pandemic drove weakness in consumer demand for the precious metal, the World Gold Council reported Thursday.</p>\n<p>Total gold demand fell by 14% in 2020 to 3,759.6 metric tons -- the first annual level below the 4,000-metric-ton mark since 2009, according to data from the organization.</p>\n<p>\"While demand improved steadily from the severely depleted Q2 total, consumers across the world remained at that mercy of coronavirus lockdowns, economic weakness and high gold prices,\" the World Gold Council's Gold Demand Trends report said.</p>\n<p>Gold jewelry demand declined by 34% in 2020 to 1,411.6 metric tons, a record annual low. However, investment demand for gold surged 40% to a record annual high of 1,773.2 metric tons, with global gold-backed exchange-traded-fund annual inflows reaching a record 877.1 metric tons in 2020.</p>\n<p>Global holdings in gold-backed ETFs ended the year at a record of 3,751.5 metric tons, the report said.</p>\n<p>On Wednesday, February gold settled at $1,844.90 an ounce, down $6, or 0.3%, for the session.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2106256495","content_text":"Global demand for gold fell last year to its lowest level since 2009, as the coronavirus pandemic drove weakness in consumer demand for the precious metal, the World Gold Council reported Thursday.\nTotal gold demand fell by 14% in 2020 to 3,759.6 metric tons -- the first annual level below the 4,000-metric-ton mark since 2009, according to data from the organization.\n\"While demand improved steadily from the severely depleted Q2 total, consumers across the world remained at that mercy of coronavirus lockdowns, economic weakness and high gold prices,\" the World Gold Council's Gold Demand Trends report said.\nGold jewelry demand declined by 34% in 2020 to 1,411.6 metric tons, a record annual low. However, investment demand for gold surged 40% to a record annual high of 1,773.2 metric tons, with global gold-backed exchange-traded-fund annual inflows reaching a record 877.1 metric tons in 2020.\nGlobal holdings in gold-backed ETFs ended the year at a record of 3,751.5 metric tons, the report said.\nOn Wednesday, February gold settled at $1,844.90 an ounce, down $6, or 0.3%, for the session.","news_type":1},"isVote":1,"tweetType":1,"viewCount":176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":188408987,"gmtCreate":1623457349049,"gmtModify":1704204048616,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Like and comment I'll reply","listText":"Like and comment I'll reply","text":"Like and comment I'll reply","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/188408987","repostId":"2142204061","repostType":4,"repost":{"id":"2142204061","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623452400,"share":"https://ttm.financial/m/news/2142204061?lang=&edition=fundamental","pubTime":"2021-06-12 07:00","market":"us","language":"en","title":"Microsoft and American Airlines-backed flying taxi startup to go public in new $5 billion blank-check wave","url":"https://stock-news.laohu8.com/highlight/detail?id=2142204061","media":"Dow Jones","summary":"Vertical Aerospace and Signa Sports United both announced plans to go public via special-purpose acq","content":"<blockquote>\n Vertical Aerospace and Signa Sports United both announced plans to go public via special-purpose acquisition companies this week.\n</blockquote>\n<p>A developer of electric, flying taxis is set to go public in New York by merging with a blank-check, special-purpose acquisition company, or SPAC, as part of the latest wave of listings bringing more than $5 billion in enterprise value to the stock market.</p>\n<p>Vertical Aerospace announced on Thursday that it would merge with <a href=\"https://laohu8.com/S/BSN\">Broadstone Acquisition Corp</a> <a href=\"https://laohu8.com/S/BSN.AU\">$(BSN.AU)$</a>, bringing around $394 million in gross proceeds to the company as part of a move to become publicly listed on the New York Stock Exchange. Shares in Broadstone were trading 0.5% higher on Friday, after rising around 3.5% in the premarket.</p>\n<p>Based in Bristol, England, Vertical Aerospace was founded in 2016 by energy entrepreneur Stephen Fitzpatrick. The group develops electric vertical takeoff and landing aircraft -- fixed-wing planes that perform like helicopters -- for urban mobility solutions such as passenger taxis, medical evacuations, and carrying cargo.</p>\n<p>Its flagship low-noise, zero-emissions VA-X4 prototype will be able to carry five people more than 100 miles at a top speed of 202 miles an hour. Vertical Aerospace said it should be profitable and cash flow stable with annual sales of less than 100 aircraft.</p>\n<p>Microsoft's <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> venture capital arm, American Airlines <a href=\"https://laohu8.com/S/AAL\">$(AAL)$</a>, Honeywell <a href=\"https://laohu8.com/S/HON\">$(HON)$</a>, and Rolls-Royce were among those investing in the company through the private investment in public equity offering, or PIPE, the group said. The company said it had up to 1,000 aircraft preorders valued at up to $4 billion from American Airlines and aircraft leasing company Avolon, as well as a preorder option from Virgin Atlantic.</p>\n<p>The deal with Broadstone is expected to close in the second half of the year. It values the group and its parent SPAC at an enterprise value of $1.84 billion and equity value of $2.2 billion, based on the $10 per share price in the PIPE.</p>\n<p>Vertical Aerospace is <a href=\"https://laohu8.com/S/AONE\">one</a> of two European technology companies that this week announced plans to go public in New York via blank-check merger, in a new wave of investments amid the cooling down of the red-hot SPAC market of 2020-21 .</p>\n<p>German sports e-commerce platform Signa Sports United announced on Friday it would go public on the NYSE by merging with <a href=\"https://laohu8.com/S/YAC\">Yucaipa Acquisition Corp</a> (YAC). The group said the approximately $300 million PIPE investment was anchored by billionaire Ron Burkle, who leads Yucaipa and owns the Soho House chain of private members' clubs, as well as institutional investors and sovereign-wealth funds.</p>\n<p>The move is a bid from Signa to dominate in the sports e-commerce space, with expected net revenues of around $1.6 billion in the year to September 2021. Signa's deal with Yucaipa also includes the acquisition of Wiggle, a popular U.K. online bicycle brand. Wiggle is currently owned by private equity group Bridgepoint, which bought the brand a decade ago and is slated to receive shares in the new public company.</p>\n<p>Signa Sports United's transaction with Yucaipa is expected to close in the second half of 2021, and gives the new combined company an enterprise valuation of around $3.2 billion. So, between Vertical Aerospace and Signa, more than $5 billion in enterprise value is headed to the New York Stock Exchange this year from high-growth European companies.</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>Microsoft and American Airlines-backed flying taxi startup to go public in new $5 billion blank-check wave</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft and American Airlines-backed flying taxi startup to go public in new $5 billion blank-check wave\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\">2021-06-12 07:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n Vertical Aerospace and Signa Sports United both announced plans to go public via special-purpose acquisition companies this week.\n</blockquote>\n<p>A developer of electric, flying taxis is set to go public in New York by merging with a blank-check, special-purpose acquisition company, or SPAC, as part of the latest wave of listings bringing more than $5 billion in enterprise value to the stock market.</p>\n<p>Vertical Aerospace announced on Thursday that it would merge with <a href=\"https://laohu8.com/S/BSN\">Broadstone Acquisition Corp</a> <a href=\"https://laohu8.com/S/BSN.AU\">$(BSN.AU)$</a>, bringing around $394 million in gross proceeds to the company as part of a move to become publicly listed on the New York Stock Exchange. Shares in Broadstone were trading 0.5% higher on Friday, after rising around 3.5% in the premarket.</p>\n<p>Based in Bristol, England, Vertical Aerospace was founded in 2016 by energy entrepreneur Stephen Fitzpatrick. The group develops electric vertical takeoff and landing aircraft -- fixed-wing planes that perform like helicopters -- for urban mobility solutions such as passenger taxis, medical evacuations, and carrying cargo.</p>\n<p>Its flagship low-noise, zero-emissions VA-X4 prototype will be able to carry five people more than 100 miles at a top speed of 202 miles an hour. Vertical Aerospace said it should be profitable and cash flow stable with annual sales of less than 100 aircraft.</p>\n<p>Microsoft's <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> venture capital arm, American Airlines <a href=\"https://laohu8.com/S/AAL\">$(AAL)$</a>, Honeywell <a href=\"https://laohu8.com/S/HON\">$(HON)$</a>, and Rolls-Royce were among those investing in the company through the private investment in public equity offering, or PIPE, the group said. The company said it had up to 1,000 aircraft preorders valued at up to $4 billion from American Airlines and aircraft leasing company Avolon, as well as a preorder option from Virgin Atlantic.</p>\n<p>The deal with Broadstone is expected to close in the second half of the year. It values the group and its parent SPAC at an enterprise value of $1.84 billion and equity value of $2.2 billion, based on the $10 per share price in the PIPE.</p>\n<p>Vertical Aerospace is <a href=\"https://laohu8.com/S/AONE\">one</a> of two European technology companies that this week announced plans to go public in New York via blank-check merger, in a new wave of investments amid the cooling down of the red-hot SPAC market of 2020-21 .</p>\n<p>German sports e-commerce platform Signa Sports United announced on Friday it would go public on the NYSE by merging with <a href=\"https://laohu8.com/S/YAC\">Yucaipa Acquisition Corp</a> (YAC). The group said the approximately $300 million PIPE investment was anchored by billionaire Ron Burkle, who leads Yucaipa and owns the Soho House chain of private members' clubs, as well as institutional investors and sovereign-wealth funds.</p>\n<p>The move is a bid from Signa to dominate in the sports e-commerce space, with expected net revenues of around $1.6 billion in the year to September 2021. Signa's deal with Yucaipa also includes the acquisition of Wiggle, a popular U.K. online bicycle brand. Wiggle is currently owned by private equity group Bridgepoint, which bought the brand a decade ago and is slated to receive shares in the new public company.</p>\n<p>Signa Sports United's transaction with Yucaipa is expected to close in the second half of 2021, and gives the new combined company an enterprise valuation of around $3.2 billion. So, between Vertical Aerospace and Signa, more than $5 billion in enterprise value is headed to the New York Stock Exchange this year from high-growth European companies.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RYCEY":"Rolls Royce Holdings plc","AFG":"美国金融集团有限公司","09086":"华夏纳指-U","MSFT":"微软","AAL":"美国航空","03086":"华夏纳指","HON":"霍尼韦尔"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142204061","content_text":"Vertical Aerospace and Signa Sports United both announced plans to go public via special-purpose acquisition companies this week.\n\nA developer of electric, flying taxis is set to go public in New York by merging with a blank-check, special-purpose acquisition company, or SPAC, as part of the latest wave of listings bringing more than $5 billion in enterprise value to the stock market.\nVertical Aerospace announced on Thursday that it would merge with Broadstone Acquisition Corp $(BSN.AU)$, bringing around $394 million in gross proceeds to the company as part of a move to become publicly listed on the New York Stock Exchange. Shares in Broadstone were trading 0.5% higher on Friday, after rising around 3.5% in the premarket.\nBased in Bristol, England, Vertical Aerospace was founded in 2016 by energy entrepreneur Stephen Fitzpatrick. The group develops electric vertical takeoff and landing aircraft -- fixed-wing planes that perform like helicopters -- for urban mobility solutions such as passenger taxis, medical evacuations, and carrying cargo.\nIts flagship low-noise, zero-emissions VA-X4 prototype will be able to carry five people more than 100 miles at a top speed of 202 miles an hour. Vertical Aerospace said it should be profitable and cash flow stable with annual sales of less than 100 aircraft.\nMicrosoft's $(MSFT)$ venture capital arm, American Airlines $(AAL)$, Honeywell $(HON)$, and Rolls-Royce were among those investing in the company through the private investment in public equity offering, or PIPE, the group said. The company said it had up to 1,000 aircraft preorders valued at up to $4 billion from American Airlines and aircraft leasing company Avolon, as well as a preorder option from Virgin Atlantic.\nThe deal with Broadstone is expected to close in the second half of the year. It values the group and its parent SPAC at an enterprise value of $1.84 billion and equity value of $2.2 billion, based on the $10 per share price in the PIPE.\nVertical Aerospace is one of two European technology companies that this week announced plans to go public in New York via blank-check merger, in a new wave of investments amid the cooling down of the red-hot SPAC market of 2020-21 .\nGerman sports e-commerce platform Signa Sports United announced on Friday it would go public on the NYSE by merging with Yucaipa Acquisition Corp (YAC). The group said the approximately $300 million PIPE investment was anchored by billionaire Ron Burkle, who leads Yucaipa and owns the Soho House chain of private members' clubs, as well as institutional investors and sovereign-wealth funds.\nThe move is a bid from Signa to dominate in the sports e-commerce space, with expected net revenues of around $1.6 billion in the year to September 2021. Signa's deal with Yucaipa also includes the acquisition of Wiggle, a popular U.K. online bicycle brand. Wiggle is currently owned by private equity group Bridgepoint, which bought the brand a decade ago and is slated to receive shares in the new public company.\nSigna Sports United's transaction with Yucaipa is expected to close in the second half of 2021, and gives the new combined company an enterprise valuation of around $3.2 billion. So, between Vertical Aerospace and Signa, more than $5 billion in enterprise value is headed to the New York Stock Exchange this year from high-growth European companies.","news_type":1},"isVote":1,"tweetType":1,"viewCount":402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125918874,"gmtCreate":1624640734898,"gmtModify":1703842651258,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/125918874","repostId":"2146023165","repostType":4,"repost":{"id":"2146023165","kind":"news","pubTimestamp":1624614720,"share":"https://ttm.financial/m/news/2146023165?lang=&edition=fundamental","pubTime":"2021-06-25 17:52","market":"us","language":"en","title":"Microsoft sent a strong signal to developers that could hurt Apple and Google","url":"https://stock-news.laohu8.com/highlight/detail?id=2146023165","media":"Yahoo Finance","summary":"Microsoft  launched a broadside against rivals Apple  and Google  on Thursday, announcing that the next version of Windows, called Windows 11, will feature an app store that lets developers keep 100% of the revenue from sales of their apps.That’s a massive departure from the policies Apple and Google have in place that require app developers who use their stores to pay 30% fees on the sale of apps and in-app purchases.“Windows has always stood for sovereignty for creators and agency for consumer","content":"<p>Microsoft (MSFT) launched a broadside against rivals Apple (AAPL) and Google (GOOG, GOOGL) on Thursday, announcing that the next version of Windows, called Windows 11, will feature an app store that lets developers keep 100% of the revenue from sales of their apps.</p>\n<p>That’s a massive departure from the policies Apple and Google have in place that require app developers who use their stores to pay 30% fees on the sale of apps and in-app purchases.</p>\n<p>“Windows has always stood for sovereignty for creators and agency for consumers,” Microsoft CEO Satya Nadella said. “A platform can only serve society if its rules allow for this foundational innovation and category creation. It’s why we’re introducing new store commerce models and policies.”</p>\n<p>The move is certain to rankle executives at both Apple and Google, which are facing antitrust investigations into their app store practices.</p>\n<p>Apple is awaiting a ruling in an antitrust case brought by Epic Games, in which the “Fortnite” developer accused the iPhone maker of abusing its market power over the App Store by forcing developers to use its own payment system and fork over the associated fees.</p>\n<p>Google, meanwhile, faces a similar lawsuit from Epic and is expected to get slapped with a lawsuit from a collection of state attorneys general for its app store policies.</p>\n<h3><b>Microsoft has been criticizing Apple’s policies</b></h3>\n<p>This isn’t the first time Microsoft has called out its rivals and their app stores. The company has criticized Apple’s policies in the past, specifically Apple’s policy of taking a share of revenue from Microsoft apps purchased through the Apple App Store.</p>\n<p>More recently, Microsoft sparred with Apple over its desire to get its xCloud cloud gaming platform onto the iPhone via a native app. Apple has pushed back, hampering Microsoft’s cloud gaming ambitions and forcing it to make users rely on a browser-style app.</p>\n<p>That led Microsoft to meet and lodge a complaint with members of the House Antitrust Subcommittee during the body’s investigation into Apple, Google, Amazon, and <a href=\"https://laohu8.com/S/FB\">Facebook</a>.</p>\n<p><img src=\"https://static.tigerbbs.com/d92ddac610658f60945c72fc4da23210\" tg-width=\"1024\" tg-height=\"640\" referrerpolicy=\"no-referrer\">Microsoft has debuted the latest version of its Windows operating system: Windows 11. (Image: Microsoft)Microsoft</p>\n<p>Microsoft also took aim at Apple in the iPhone maker’s battle with “Fortnite” developer Epic Games. In that instance, Microsoft filed a statement of support for Epic in its fight to prevent Apple withholding iOS support for Epic’s Unreal Engine.</p>\n<p>Epic initially sued Apple and Google after the two companies removed “Fornite” from their respective app stores. Apple and Google argue that Epic implemented an update that added a separate payment system allowing consumers to circumvent Apple or Google’s payment services. That effectively cut out Apple and Google’s 30% app store fees.</p>\n<p>Epic’s fight with Apple wrapped up earlier this month and a ruling is expected before the end of the summer.</p>\n<h3><b>Microsoft could win over developers</b></h3>\n<p>With its decision to allow developers to use their own payment systems, Microsoft is sending a signal to the global developer community that it is willing to play by their rules. That could help the company as it seeks to build out its app store and drive more business for Windows.</p>\n<p>While Microsoft was caught flat-footed in the smartphone wars, its moves with the Windows 11 Microsoft Store could give it the kind of boost from developers that it needs to begin taking market share from Apple and Google in the fight for app store supremacy. It’s now up to Apple and Google to respond.</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>Microsoft sent a strong signal to developers that could hurt Apple and Google</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft sent a strong signal to developers that could hurt Apple and Google\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 17:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/microsoft-app-store-revenue-google-apple-200213646.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Microsoft (MSFT) launched a broadside against rivals Apple (AAPL) and Google (GOOG, GOOGL) on Thursday, announcing that the next version of Windows, called Windows 11, will feature an app store that ...</p>\n\n<a href=\"https://finance.yahoo.com/news/microsoft-app-store-revenue-google-apple-200213646.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09086":"华夏纳指-U","AAPL":"苹果","03086":"华夏纳指","MSFT":"微软","GOOGL":"谷歌A","QNETCN":"纳斯达克中美互联网老虎指数","GOOG":"谷歌"},"source_url":"https://finance.yahoo.com/news/microsoft-app-store-revenue-google-apple-200213646.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146023165","content_text":"Microsoft (MSFT) launched a broadside against rivals Apple (AAPL) and Google (GOOG, GOOGL) on Thursday, announcing that the next version of Windows, called Windows 11, will feature an app store that lets developers keep 100% of the revenue from sales of their apps.\nThat’s a massive departure from the policies Apple and Google have in place that require app developers who use their stores to pay 30% fees on the sale of apps and in-app purchases.\n“Windows has always stood for sovereignty for creators and agency for consumers,” Microsoft CEO Satya Nadella said. “A platform can only serve society if its rules allow for this foundational innovation and category creation. It’s why we’re introducing new store commerce models and policies.”\nThe move is certain to rankle executives at both Apple and Google, which are facing antitrust investigations into their app store practices.\nApple is awaiting a ruling in an antitrust case brought by Epic Games, in which the “Fortnite” developer accused the iPhone maker of abusing its market power over the App Store by forcing developers to use its own payment system and fork over the associated fees.\nGoogle, meanwhile, faces a similar lawsuit from Epic and is expected to get slapped with a lawsuit from a collection of state attorneys general for its app store policies.\nMicrosoft has been criticizing Apple’s policies\nThis isn’t the first time Microsoft has called out its rivals and their app stores. The company has criticized Apple’s policies in the past, specifically Apple’s policy of taking a share of revenue from Microsoft apps purchased through the Apple App Store.\nMore recently, Microsoft sparred with Apple over its desire to get its xCloud cloud gaming platform onto the iPhone via a native app. Apple has pushed back, hampering Microsoft’s cloud gaming ambitions and forcing it to make users rely on a browser-style app.\nThat led Microsoft to meet and lodge a complaint with members of the House Antitrust Subcommittee during the body’s investigation into Apple, Google, Amazon, and Facebook.\nMicrosoft has debuted the latest version of its Windows operating system: Windows 11. (Image: Microsoft)Microsoft\nMicrosoft also took aim at Apple in the iPhone maker’s battle with “Fortnite” developer Epic Games. In that instance, Microsoft filed a statement of support for Epic in its fight to prevent Apple withholding iOS support for Epic’s Unreal Engine.\nEpic initially sued Apple and Google after the two companies removed “Fornite” from their respective app stores. Apple and Google argue that Epic implemented an update that added a separate payment system allowing consumers to circumvent Apple or Google’s payment services. That effectively cut out Apple and Google’s 30% app store fees.\nEpic’s fight with Apple wrapped up earlier this month and a ruling is expected before the end of the summer.\nMicrosoft could win over developers\nWith its decision to allow developers to use their own payment systems, Microsoft is sending a signal to the global developer community that it is willing to play by their rules. That could help the company as it seeks to build out its app store and drive more business for Windows.\nWhile Microsoft was caught flat-footed in the smartphone wars, its moves with the Windows 11 Microsoft Store could give it the kind of boost from developers that it needs to begin taking market share from Apple and Google in the fight for app store supremacy. It’s now up to Apple and Google to respond.","news_type":1},"isVote":1,"tweetType":1,"viewCount":559,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349590050,"gmtCreate":1617622207870,"gmtModify":1704700959496,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Like and comments!","listText":"Like and comments!","text":"Like and comments!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/349590050","repostId":"1113410999","repostType":4,"repost":{"id":"1113410999","kind":"news","pubTimestamp":1617621958,"share":"https://ttm.financial/m/news/1113410999?lang=&edition=fundamental","pubTime":"2021-04-05 19:25","market":"us","language":"en","title":"As the S&P 500 tops 4,000, two traders give their top sectors","url":"https://stock-news.laohu8.com/highlight/detail?id=1113410999","media":"CNBC","summary":"The S&P 500 kicked off the second quarter strongly,breaking through 4,000 for the first time.\nTech s","content":"<div>\n<p>The S&P 500 kicked off the second quarter strongly,breaking through 4,000 for the first time.\nTech stocks were the leaders, but proposed infrastructure plans from the White House and a continued ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/05/sp-500-tops-4000-two-traders-give-their-top-sectors.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>As the S&P 500 tops 4,000, two traders give their top sectors</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\">\nAs the S&P 500 tops 4,000, two traders give their top sectors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-05 19:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/05/sp-500-tops-4000-two-traders-give-their-top-sectors.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 kicked off the second quarter strongly,breaking through 4,000 for the first time.\nTech stocks were the leaders, but proposed infrastructure plans from the White House and a continued ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/05/sp-500-tops-4000-two-traders-give-their-top-sectors.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.cnbc.com/2021/04/05/sp-500-tops-4000-two-traders-give-their-top-sectors.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1113410999","content_text":"The S&P 500 kicked off the second quarter strongly,breaking through 4,000 for the first time.\nTech stocks were the leaders, but proposed infrastructure plans from the White House and a continued reopening push may bring other stocks to the forefront again.\nBill Baruch, president of Blue Line Capital, told CNBC’s “Trading Nation” on Thursday that value names still hold great potential.\n“I think value is going to continue to lead,” said Baruch. “Overall, economic activity is going to continue [to] pick up. … Infrastructure spending will be a tailwind, and deal activity in general is going to be a tailwind to the sectors, especially banks.”\nSome spaces Baruch highlights include rails, aerospace and aviation, and crude oil-sensitive stocks. Still, he’s not counting the tech space out quite yet.\n“Tech has had these really big runs. Trimming names like Apple,Microsoft,PayPal has proven to be a really good strategy, and then rebuilding those positions on extreme weakness that we’ve seen here,” said Baruch. “You can’t ignore the fact that the Nasdaq[100] is breaking out above a trend line going back to Feb. 16 and it’s coming through the 50-day moving average right now, so it’s going to be moving higher.”\n\nJohn Petrides, portfolio manager at Tocqueville Asset Management, instead has a focus on robotics and artificial intelligence moving forward.\nSpecifically highlighting the BOTZ robotics and artificial intelligence ETF,  he said, “In a post-Covid world, where this supply chain is going to have to get more efficient, where you’re going have less human contact within a supply chain, that favors the robotic side of the coin. Companies are doing more with less, and are forced to do more with less, which is going to favor the artificial intelligence side of the coin. Those two themes have a very long runway to go ahead.”\nPetrides noted a broad risk for short-term margin pressure, considering events such as the Suez Canal blockage and rising inflation costs. Even so, he believes stimulus and reopenings should continue to drive demand and the stock market higher.","news_type":1},"isVote":1,"tweetType":1,"viewCount":548,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3578877444948553","authorId":"3578877444948553","name":"ALDX","avatar":"https://static.tigerbbs.com/1c30b3322520635b1f24c04407d5574c","crmLevel":3,"crmLevelSwitch":0,"idStr":"3578877444948553","authorIdStr":"3578877444948553"},"content":"Done pls do the same for me","text":"Done pls do the same for me","html":"Done pls do the same for me"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161976744,"gmtCreate":1623903073888,"gmtModify":1703823101846,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Leaving comment","listText":"Leaving comment","text":"Leaving comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/161976744","repostId":"2143379379","repostType":4,"isVote":1,"tweetType":1,"viewCount":538,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345328980,"gmtCreate":1618280517040,"gmtModify":1704708524693,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>down more so we can load more","listText":"<a href=\"https://laohu8.com/S/C6L.SI\">$SINGAPORE AIRLINES LTD(C6L.SI)$</a>down more so we can load more","text":"$SINGAPORE AIRLINES LTD(C6L.SI)$down more so we can load more","images":[{"img":"https://static.tigerbbs.com/fd7039135f51621058bca90c2953b3d9","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/345328980","isVote":1,"tweetType":1,"viewCount":828,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":343615668,"gmtCreate":1617712760954,"gmtModify":1704702086549,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Powell speaking every week!! Like pls","listText":"Powell speaking every week!! Like pls","text":"Powell speaking every week!! Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/343615668","repostId":"2125757547","repostType":4,"repost":{"id":"2125757547","kind":"news","pubTimestamp":1617610742,"share":"https://ttm.financial/m/news/2125757547?lang=&edition=fundamental","pubTime":"2021-04-05 16:19","market":"us","language":"en","title":"FOMC meeting minutes, Powell speaks: What to know this week","url":"https://stock-news.laohu8.com/highlight/detail?id=2125757547","media":"Yahoo Finance","summary":"Traders returning from the long holiday weekend will turn their attention to more commentary out of ","content":"<p>Traders returning from the long holiday weekend will turn their attention to more commentary out of the Federal Reserve, with the Federal Open Market Committee's latest meeting minutes and a speech from Fed Chair Jerome Powell on deck. Relatively few new economic data reports or corporate earnings results are scheduled for release.</p><p>The FOMC's meeting minutes, due out Wednesday afternoon, will elucidate members' thinking from their March meeting. At the conclusion of that meeting, the central bank's median forecast for economic growth was sharply upwardly revised, reflecting improving growth trends as the trajectory of new COVID-19 infections improved and vaccinations broadened out. The central bank said it expects real GDP to grow 6.5% this year, versus the 4.2% rate it anticipated in December. The Fed also said it sees the unemployment rate improving to 4.5% by year-end before returning to its pre-pandemic level of 3.5% by 2023.</p><p>Despite these improving projections, the Fed still telegraphed that interest rates would likely remain on hold at current near-zero levels through 2023, with the central bank maintaining its ultra-accommodative monetary policy posturing despite a quicker-than-previously-expected economic recovery. Market participants have been wary of this message, with the Fed suggesting a stubborn tilt toward easy monetary policy even in the face of rising inflation. The Fed's latest forecast showed the median member believed core inflation would rise to 2.4% this year, hitting and exceeding the Fed's 2% target two years earlier than previously anticipated.</p><p>Fed Chair Powell said in his mid-March press conference that inflation would need to be \"on track to exceed 2% moderately for some time\" in order for the Fed to consider its inflation goal met and allow for liftoff on rates. However, that assertion has left some room for interpretation by market participants, leading many to speculate the Fed may be pushed to adjust policy sooner than it has recently telegraphed.</p><h2>'Forecast disagreement'</h2><h2></h2><p>According to a recent survey from Deustche Bank, \"The current gap between the market and the Fed is mostly about forecast disagreement. In particular, survey respondents expect that core PCE in the 2.2%-2.3% range in 2022 and 2023 will beget a more hawkish Fed response,\" Deutsche Bank economist Matthew Luzzetti wrote in a note. \"While we learned at the FOMC meeting that 2.1% core PCE [personal consumption expenditures] inflation is not sufficiently high to trigger liftoff, it is still unclear whether inflation rates in the 2.2%-2.3% range — as expected by our survey and market pricing — would be high enough to get the Fed to tighten. This ambiguity is <a href=\"https://laohu8.com/S/AONE\">one</a> drawback of the Fed's flexible average inflation targeting (FAIT) approach which leaves key parameters undefined.\"</p><p>\"If the Fed were to clearly signal that core PCE inflation in the 2.2%-2.3% range for a year or two is consistent with their view of FAIT and would not trigger a tightening of monetary policy, they could impact market pricing,\" he added. \"Conversely, if the FOMC believes they would raise rates in response to these inflation realizations, then the market is currently pricing an appropriate reaction function and it will take some time for a verdict on whether the Fed or market is correct about the persistence of this inflation shock.\"</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e00f01f2ead30a11c8273f332b00d3da\" tg-width=\"6000\" tg-height=\"4000\" referrerpolicy=\"no-referrer\"><span>WASHINGTON, DC - JANUARY 29: Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on January 29, 2020 in Washington, DC. Chairman Powell announced that the Federal Reserve will not be adjusting interest rates. (Photo by Samuel Corum/Getty Images)Samuel Corum via Getty Images</span></p><p>But while the jury appears to be out among market participants when it comes to the timing of the next rate hike, many agree that the first step toward tightening by the Federal Reserve will likely occur in their crisis-era asset purchase program. Fed Chair Powell said that the central bank would be looking for \"substantial further progress\" — and specifically \"actual progress\" in the data and not \"forecast progress\" — toward the Fed's employment and inflation goals before considering tapering.</p><p>Still, with the latest batch of March economic data exceeding estimates, the Fed may soon begin offering up firmer guidance around its plan for tapering the $120 billion per-month asset purchase program, which was first put into place at the start of the pandemic last year.</p><p>\"Financial conditions should remain quite accommodative for a while, and in our view risks an overshoot,\" Rich Rieder, BlackRock chief investment officer, said in a note. \"We think that the Fed should be able to taper asset purchases sooner than many expect and perhaps by the end of the year, or early next year, which suggests to us that communicating its plan could come as early as the June meeting.\"</p><p>While the forthcoming meeting minutes will not take into account FOMC members' appraisal of the latest batch of economic data, it will offer market participants a sense of whether some members were inclined to look past the first signs of a faster-than-expected economic recovery in dictating the direction of monetary policy.</p><p>That said, Fed Chair Powell's public remarks this coming Thursday will offer a more timely view of the central bank's policy thinking. Powell will be speaking at an International Monetary Fund panel on the global economy Thursday afternoon.</p><p>The discussion will come about a week after the Labor Department's March jobs report, which showed a much better than expected gain of 916,000 non-farm payrolls and a dip in the unemployment rate to 6.0%. Plus, last week's Institute for Supply Management's manufacturing purchasing managers' index unexpectedly jumped to a 37-year high, with some survey participants already citing a rise in commodity prices and a supply and demand mismatch that could exacerbate upward price pressures. Market participants will eye Powell's address to see whether or not these prints shift the needle in the Fed's monetary policy projections.</p><p>\"We expect that as the data come in, the volatility in Fed views will become more pronounced over coming months,\" RBC Capital Markets economists wrote in a note last week.</p><h2>Economic calendar</h2><ul><li><p><b>Monday: </b><a href=\"https://laohu8.com/S/MRKT\">Markit</a> U.S. Services PMI, March Final (60.2 expected, 60.0 in prior print); Markit U.S. Composite PMI, March Final (59.1 in prior print); ISM Services Index, March (58.7 expected, 55.3 in February); Factory Orders, February (-0.5% expected, 2.6% in January); Durable Goods Orders, February Final (-1.1% expected, -1.1% in prior print); Durable Goods Orders excluding transportation, February final (-0.9% expected, -0.9% in prior print); Non-defense capital goods orders excluding aircraft, February final (-0.8% in prior print); Non-defense capital goods shipments excluding aircraft, February final (-1.0% in prior print)</p></li><li><p><b>Tuesday:</b> JOLTS Job Openings, February (6.944 million expected, 6.917 million in prior print)</p></li><li><p><b>Wednesday: </b>MBA Mortgage Applications, week ended April 2 (-2.2% during prior week); Trade Balance, February (-$70.5 billion expected, -$68.2 billion in January); Consumer credit, February ($2.800 billion expected, -$1.315 billion in January) FOMC Meeting Minutes, March Meeting</p></li><li><p><b>Thursday: </b>Initial jobless claims, week ended April 3 (690,000 expected, 719,000 during prior week); Continuing claims, week ended March 27 (3.794 million during prior week)</p></li><li><p><b>Friday:</b> Producer Price Index, month-over-month, March (0.5% expected, 0.5% in February); Producer Price Index excluding food and energy, month-over-month, March (0.2% expected, 0.2% in February); Producer Price Index, year-over-year, March (3.8% expected, 2.5% in February); Producer Price Index excluding food and energy year-over-year, March (2.7% expected, 2.5% in February); Wholesale inventories, month-over-month, February final (0.5% expected, 0.5% in prior print)</p></li></ul><h2>Earnings calendar</h2><ul><li><p><b>Monday: </b>N/A</p></li><li><p><b>Tuesday: </b>N/A</p></li><li><p><b>Wednesday:</b> N/A</p></li><li><p><b>Thursday:</b> Constellation Brands (STZ) before market open</p></li><li><p><b>Friday: </b>N/A</p></li></ul>","source":"yahoofinance_au","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>FOMC meeting minutes, Powell speaks: What to know this week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFOMC meeting minutes, Powell speaks: What to know this week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-05 16:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fomc-meeting-minutes-powell-speaks-what-to-know-in-the-week-ahead-154814153.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Traders returning from the long holiday weekend will turn their attention to more commentary out of the Federal Reserve, with the Federal Open Market Committee's latest meeting minutes and a speech ...</p>\n\n<a href=\"https://finance.yahoo.com/news/fomc-meeting-minutes-powell-speaks-what-to-know-in-the-week-ahead-154814153.html\">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://finance.yahoo.com/news/fomc-meeting-minutes-powell-speaks-what-to-know-in-the-week-ahead-154814153.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125757547","content_text":"Traders returning from the long holiday weekend will turn their attention to more commentary out of the Federal Reserve, with the Federal Open Market Committee's latest meeting minutes and a speech from Fed Chair Jerome Powell on deck. Relatively few new economic data reports or corporate earnings results are scheduled for release.The FOMC's meeting minutes, due out Wednesday afternoon, will elucidate members' thinking from their March meeting. At the conclusion of that meeting, the central bank's median forecast for economic growth was sharply upwardly revised, reflecting improving growth trends as the trajectory of new COVID-19 infections improved and vaccinations broadened out. The central bank said it expects real GDP to grow 6.5% this year, versus the 4.2% rate it anticipated in December. The Fed also said it sees the unemployment rate improving to 4.5% by year-end before returning to its pre-pandemic level of 3.5% by 2023.Despite these improving projections, the Fed still telegraphed that interest rates would likely remain on hold at current near-zero levels through 2023, with the central bank maintaining its ultra-accommodative monetary policy posturing despite a quicker-than-previously-expected economic recovery. Market participants have been wary of this message, with the Fed suggesting a stubborn tilt toward easy monetary policy even in the face of rising inflation. The Fed's latest forecast showed the median member believed core inflation would rise to 2.4% this year, hitting and exceeding the Fed's 2% target two years earlier than previously anticipated.Fed Chair Powell said in his mid-March press conference that inflation would need to be \"on track to exceed 2% moderately for some time\" in order for the Fed to consider its inflation goal met and allow for liftoff on rates. However, that assertion has left some room for interpretation by market participants, leading many to speculate the Fed may be pushed to adjust policy sooner than it has recently telegraphed.'Forecast disagreement'According to a recent survey from Deustche Bank, \"The current gap between the market and the Fed is mostly about forecast disagreement. In particular, survey respondents expect that core PCE in the 2.2%-2.3% range in 2022 and 2023 will beget a more hawkish Fed response,\" Deutsche Bank economist Matthew Luzzetti wrote in a note. \"While we learned at the FOMC meeting that 2.1% core PCE [personal consumption expenditures] inflation is not sufficiently high to trigger liftoff, it is still unclear whether inflation rates in the 2.2%-2.3% range — as expected by our survey and market pricing — would be high enough to get the Fed to tighten. This ambiguity is one drawback of the Fed's flexible average inflation targeting (FAIT) approach which leaves key parameters undefined.\"\"If the Fed were to clearly signal that core PCE inflation in the 2.2%-2.3% range for a year or two is consistent with their view of FAIT and would not trigger a tightening of monetary policy, they could impact market pricing,\" he added. \"Conversely, if the FOMC believes they would raise rates in response to these inflation realizations, then the market is currently pricing an appropriate reaction function and it will take some time for a verdict on whether the Fed or market is correct about the persistence of this inflation shock.\"WASHINGTON, DC - JANUARY 29: Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on January 29, 2020 in Washington, DC. Chairman Powell announced that the Federal Reserve will not be adjusting interest rates. (Photo by Samuel Corum/Getty Images)Samuel Corum via Getty ImagesBut while the jury appears to be out among market participants when it comes to the timing of the next rate hike, many agree that the first step toward tightening by the Federal Reserve will likely occur in their crisis-era asset purchase program. Fed Chair Powell said that the central bank would be looking for \"substantial further progress\" — and specifically \"actual progress\" in the data and not \"forecast progress\" — toward the Fed's employment and inflation goals before considering tapering.Still, with the latest batch of March economic data exceeding estimates, the Fed may soon begin offering up firmer guidance around its plan for tapering the $120 billion per-month asset purchase program, which was first put into place at the start of the pandemic last year.\"Financial conditions should remain quite accommodative for a while, and in our view risks an overshoot,\" Rich Rieder, BlackRock chief investment officer, said in a note. \"We think that the Fed should be able to taper asset purchases sooner than many expect and perhaps by the end of the year, or early next year, which suggests to us that communicating its plan could come as early as the June meeting.\"While the forthcoming meeting minutes will not take into account FOMC members' appraisal of the latest batch of economic data, it will offer market participants a sense of whether some members were inclined to look past the first signs of a faster-than-expected economic recovery in dictating the direction of monetary policy.That said, Fed Chair Powell's public remarks this coming Thursday will offer a more timely view of the central bank's policy thinking. Powell will be speaking at an International Monetary Fund panel on the global economy Thursday afternoon.The discussion will come about a week after the Labor Department's March jobs report, which showed a much better than expected gain of 916,000 non-farm payrolls and a dip in the unemployment rate to 6.0%. Plus, last week's Institute for Supply Management's manufacturing purchasing managers' index unexpectedly jumped to a 37-year high, with some survey participants already citing a rise in commodity prices and a supply and demand mismatch that could exacerbate upward price pressures. Market participants will eye Powell's address to see whether or not these prints shift the needle in the Fed's monetary policy projections.\"We expect that as the data come in, the volatility in Fed views will become more pronounced over coming months,\" RBC Capital Markets economists wrote in a note last week.Economic calendarMonday: Markit U.S. Services PMI, March Final (60.2 expected, 60.0 in prior print); Markit U.S. Composite PMI, March Final (59.1 in prior print); ISM Services Index, March (58.7 expected, 55.3 in February); Factory Orders, February (-0.5% expected, 2.6% in January); Durable Goods Orders, February Final (-1.1% expected, -1.1% in prior print); Durable Goods Orders excluding transportation, February final (-0.9% expected, -0.9% in prior print); Non-defense capital goods orders excluding aircraft, February final (-0.8% in prior print); Non-defense capital goods shipments excluding aircraft, February final (-1.0% in prior print)Tuesday: JOLTS Job Openings, February (6.944 million expected, 6.917 million in prior print)Wednesday: MBA Mortgage Applications, week ended April 2 (-2.2% during prior week); Trade Balance, February (-$70.5 billion expected, -$68.2 billion in January); Consumer credit, February ($2.800 billion expected, -$1.315 billion in January) FOMC Meeting Minutes, March MeetingThursday: Initial jobless claims, week ended April 3 (690,000 expected, 719,000 during prior week); Continuing claims, week ended March 27 (3.794 million during prior week)Friday: Producer Price Index, month-over-month, March (0.5% expected, 0.5% in February); Producer Price Index excluding food and energy, month-over-month, March (0.2% expected, 0.2% in February); Producer Price Index, year-over-year, March (3.8% expected, 2.5% in February); Producer Price Index excluding food and energy year-over-year, March (2.7% expected, 2.5% in February); Wholesale inventories, month-over-month, February final (0.5% expected, 0.5% in prior print)Earnings calendarMonday: N/ATuesday: N/AWednesday: N/AThursday: Constellation Brands (STZ) before market openFriday: N/A","news_type":1},"isVote":1,"tweetType":1,"viewCount":393,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125284199,"gmtCreate":1624675489911,"gmtModify":1703843383609,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Let's go Tesla!! Time to wake up!!","listText":"Let's go Tesla!! Time to wake up!!","text":"Let's go Tesla!! Time to wake up!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/125284199","repostId":"1100072036","repostType":4,"repost":{"id":"1100072036","kind":"news","pubTimestamp":1624669285,"share":"https://ttm.financial/m/news/1100072036?lang=&edition=fundamental","pubTime":"2021-06-26 09:01","market":"us","language":"en","title":"Tesla Stock Has Been on Fire This Week. Here Are 4 Reasons.","url":"https://stock-news.laohu8.com/highlight/detail?id=1100072036","media":"Barrons","summary":"Stock in electric-vehicle pioneer Tesla is on fire for seemingly no reason.There haven’t been any big,splashy upgrades that can explain the recent run. Shares have jumped almost 8% for the week and are on pace for their best week since April.Investors, rightly so, are wondering what’s going on. We found four reasons, outlined below.Many electric-vehicle stocks have been on a winning streak lately, beyond just Tesla. Coming into the week, shares of Chinese EV maker NIO were up 17% for the month.X","content":"<p>Stock in electric-vehicle pioneer&nbsp;Tesla&nbsp;is&nbsp;on fire&nbsp;for seemingly no reason.</p>\n<p>There haven’t been any big,splashy&nbsp;upgrades that can explain the recent run. Shares have jumped almost 8% for the week and are on pace for their best week since April.</p>\n<p>Investors, rightly so, are wondering what’s going on. We found four reasons, outlined below.</p>\n<p><b>Taking Cues From China</b></p>\n<p>Many electric-vehicle stocks have been on a winning streak lately, beyond just Tesla. Coming into the week, shares of Chinese EV maker&nbsp;NIO(NIO) were up 17% for the month.XPeng(XPEV) and&nbsp;Li Auto(LI) had gained 31% and 36%, respectively.</p>\n<p>Tesla, on the other hand, was down for the month of June coming into this week. But China is the world’s largest market for EVs, so when things are going well there, it bodes well for Tesla. It looks like some of the Chinese EV maker stocks’ shine has finally rubbed off on Tesla.</p>\n<p><b>Delivery Optimism</b></p>\n<p>The second reason is about second-quarter deliveries, after&nbsp;perceived weakness&nbsp;in Chinese delivery numbers. More recently, however, several&nbsp;reports&nbsp;have been popping up about Tesla working hard to deliver vehicles into the end of this month.</p>\n<p>“After a disaster start to the quarter for Tesla in China, the Street is reading the tea leaves as bullish for the month of June with momentum into [the second half],” Wedbush analyst&nbsp;Dan Ivestells&nbsp;Barron’s. He believes 900,000 deliveries is still possible for 2021. Wall Street is modeling about 825,000. Tesla delivered about 500,000 cars in 2020.</p>\n<p><b>Green Tidal Wave</b></p>\n<p>Ives has also written about a “green tidal wave” coming from the White House. President Joe Biden wants part of any infrastructure bill to include purchase incentives for EVs as well as charging infrastructure. A bill isn’t ready, but&nbsp;progress&nbsp;was made in Washington this week.</p>\n<p><b>Musk Tweeting, Again</b></p>\n<p>No search for the reason behind moves in Tesla stock would be complete without looking at CEO Elon Musk ‘s&nbsp;Twitter (TWTR) feed. He tweeted Friday that the updated full self-driving, or FSD, software and subscription pricing could roll out in as soon as a week.</p>\n<p>Tesla plans to offer its highest level of&nbsp;driver assistance, called full self-driving or FSD, on a subscription basis. It’s a new era for car companies, which don’t typically get to realize recurring revenue like software providers. Bulls have been waiting quite some time for the FSD subscription to arrive.</p>\n<p><b>What’s Next</b></p>\n<p>Next up for Tesla investors, after any FSD release, will be second-quarter delivery numbers and then earnings. Those data points come in July.</p>\n<p>Year to date, Tesla stock is still down about 4.8%, trailing behind comparable gains of the&nbsp;S&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock Has Been on Fire This Week. Here Are 4 Reasons.</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\">\nTesla Stock Has Been on Fire This Week. Here Are 4 Reasons.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-26 09:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-gains-ev-elon-musk-51624638974?mod=hp_DAY_0><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock in electric-vehicle pioneer Tesla is on fire for seemingly no reason.\nThere haven’t been any big,splashy upgrades that can explain the recent run. Shares have jumped almost 8% for the week and ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-gains-ev-elon-musk-51624638974?mod=hp_DAY_0\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-gains-ev-elon-musk-51624638974?mod=hp_DAY_0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100072036","content_text":"Stock in electric-vehicle pioneer Tesla is on fire for seemingly no reason.\nThere haven’t been any big,splashy upgrades that can explain the recent run. Shares have jumped almost 8% for the week and are on pace for their best week since April.\nInvestors, rightly so, are wondering what’s going on. We found four reasons, outlined below.\nTaking Cues From China\nMany electric-vehicle stocks have been on a winning streak lately, beyond just Tesla. Coming into the week, shares of Chinese EV maker NIO(NIO) were up 17% for the month.XPeng(XPEV) and Li Auto(LI) had gained 31% and 36%, respectively.\nTesla, on the other hand, was down for the month of June coming into this week. But China is the world’s largest market for EVs, so when things are going well there, it bodes well for Tesla. It looks like some of the Chinese EV maker stocks’ shine has finally rubbed off on Tesla.\nDelivery Optimism\nThe second reason is about second-quarter deliveries, after perceived weakness in Chinese delivery numbers. More recently, however, several reports have been popping up about Tesla working hard to deliver vehicles into the end of this month.\n“After a disaster start to the quarter for Tesla in China, the Street is reading the tea leaves as bullish for the month of June with momentum into [the second half],” Wedbush analyst Dan Ivestells Barron’s. He believes 900,000 deliveries is still possible for 2021. Wall Street is modeling about 825,000. Tesla delivered about 500,000 cars in 2020.\nGreen Tidal Wave\nIves has also written about a “green tidal wave” coming from the White House. President Joe Biden wants part of any infrastructure bill to include purchase incentives for EVs as well as charging infrastructure. A bill isn’t ready, but progress was made in Washington this week.\nMusk Tweeting, Again\nNo search for the reason behind moves in Tesla stock would be complete without looking at CEO Elon Musk ‘s Twitter (TWTR) feed. He tweeted Friday that the updated full self-driving, or FSD, software and subscription pricing could roll out in as soon as a week.\nTesla plans to offer its highest level of driver assistance, called full self-driving or FSD, on a subscription basis. It’s a new era for car companies, which don’t typically get to realize recurring revenue like software providers. Bulls have been waiting quite some time for the FSD subscription to arrive.\nWhat’s Next\nNext up for Tesla investors, after any FSD release, will be second-quarter delivery numbers and then earnings. Those data points come in July.\nYear to date, Tesla stock is still down about 4.8%, trailing behind comparable gains of the S&P 500 and Dow Jones Industrial Average.","news_type":1},"isVote":1,"tweetType":1,"viewCount":524,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129526903,"gmtCreate":1624378193502,"gmtModify":1703835049557,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"What happen to the bitcoin hodler","listText":"What happen to the bitcoin hodler","text":"What happen to the bitcoin hodler","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129526903","repostId":"1190428306","repostType":4,"repost":{"id":"1190428306","kind":"news","pubTimestamp":1624376180,"share":"https://ttm.financial/m/news/1190428306?lang=&edition=fundamental","pubTime":"2021-06-22 23:36","market":"us","language":"en","title":"MicroStrategy Leads Crypto Stock Slump as Bitcoin Rout Deepens","url":"https://stock-news.laohu8.com/highlight/detail?id=1190428306","media":"Bloomberg","summary":"Bitcoin sinks below $30,000 for the first time in five months.\nMicroStrategy falls as much as 12%, t","content":"<ul>\n <li>Bitcoin sinks below $30,000 for the first time in five months.</li>\n <li>MicroStrategy falls as much as 12%, the most since May.</li>\n</ul>\n<p>MicroStrategy Inc.sank, leading a slump in cryptocurrency-exposed stocks, as Bitcoin tumbled below the $30,000key levelfor the first time in five months.</p>\n<p>The enterprise software company fell as much as 12%, its steepest decline since May 19, leading a selloff in the shares of other crypto-linked firms as Bitcoinplunged, wiping out its entire gain for this year. The company’s shares are down more than 50% from since early February when it reached a 20-year high.</p>\n<p>MicroStrategy plummeted for a second session after revealing it bought $489 million of the virtual currency on Monday. The coin’s plunging value may trigger awritedownfor the tech company, which has become one of the strongest corporate advocates for Bitcoin.</p>\n<p>The company’s $500 million of junk-rated bonds issued earlier this monthdroppedto a new low of 97.75 cents on the dollar on Tuesday, according to Trace bond pricing data. Holders of those bonds have a claim on substantially all of the company’s business assets, in addition to the recently purchased Bitcoin.</p>\n<p>With Bitcoin dropping below $30,000 stocks with ties to the virtual currency industry were also getting pounded.</p>\n<p>Ebang International Holdings Inc. and Marathon Digital Holdings Inc. each fell about 11%. Other crypto-tied names like Galaxy Digital Holdings Ltd., DMG Blockchain Solutions Inc., Riot Blockchain Inc. and Diginex Ltd. also slumped. In Europe, Argo Blockchain Plc dropped 11%.</p>\n<p><img src=\"https://static.tigerbbs.com/be8d5a0859fc0983030b6509fd440adb\" tg-width=\"558\" tg-height=\"313\">Elon Musk’stweets about energy consumptionin crypto mining last week have also whipsawed the market and the cryptocurrency has slid for the past three days over regulatory worries and a China clampdown.</p>\n<p>“Not that long ago, China banned all cryptocurrency transactions, but now they’re cracking down and enforcing the crackdown. This a big deal,” Louis Navellier, a strategist for Navellier &amp; Associates wrote in a note to clients. “However, when one asset class suffers, money just goes elsewhere and obviously, the stock market’s doing very well right now.”</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>MicroStrategy Leads Crypto Stock Slump as Bitcoin Rout Deepens</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\">\nMicroStrategy Leads Crypto Stock Slump as Bitcoin Rout Deepens\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 23:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-22/microstrategy-leads-crypto-stock-slump-as-bitcoin-rout-deepens?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin sinks below $30,000 for the first time in five months.\nMicroStrategy falls as much as 12%, the most since May.\n\nMicroStrategy Inc.sank, leading a slump in cryptocurrency-exposed stocks, as ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-22/microstrategy-leads-crypto-stock-slump-as-bitcoin-rout-deepens?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSTR":"MicroStrategy"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-22/microstrategy-leads-crypto-stock-slump-as-bitcoin-rout-deepens?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190428306","content_text":"Bitcoin sinks below $30,000 for the first time in five months.\nMicroStrategy falls as much as 12%, the most since May.\n\nMicroStrategy Inc.sank, leading a slump in cryptocurrency-exposed stocks, as Bitcoin tumbled below the $30,000key levelfor the first time in five months.\nThe enterprise software company fell as much as 12%, its steepest decline since May 19, leading a selloff in the shares of other crypto-linked firms as Bitcoinplunged, wiping out its entire gain for this year. The company’s shares are down more than 50% from since early February when it reached a 20-year high.\nMicroStrategy plummeted for a second session after revealing it bought $489 million of the virtual currency on Monday. The coin’s plunging value may trigger awritedownfor the tech company, which has become one of the strongest corporate advocates for Bitcoin.\nThe company’s $500 million of junk-rated bonds issued earlier this monthdroppedto a new low of 97.75 cents on the dollar on Tuesday, according to Trace bond pricing data. Holders of those bonds have a claim on substantially all of the company’s business assets, in addition to the recently purchased Bitcoin.\nWith Bitcoin dropping below $30,000 stocks with ties to the virtual currency industry were also getting pounded.\nEbang International Holdings Inc. and Marathon Digital Holdings Inc. each fell about 11%. Other crypto-tied names like Galaxy Digital Holdings Ltd., DMG Blockchain Solutions Inc., Riot Blockchain Inc. and Diginex Ltd. also slumped. In Europe, Argo Blockchain Plc dropped 11%.\nElon Musk’stweets about energy consumptionin crypto mining last week have also whipsawed the market and the cryptocurrency has slid for the past three days over regulatory worries and a China clampdown.\n“Not that long ago, China banned all cryptocurrency transactions, but now they’re cracking down and enforcing the crackdown. This a big deal,” Louis Navellier, a strategist for Navellier & Associates wrote in a note to clients. “However, when one asset class suffers, money just goes elsewhere and obviously, the stock market’s doing very well right now.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":329,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350318340,"gmtCreate":1616159910480,"gmtModify":1704791680987,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Mehh~ just go to trading view to check the yield 10 years back ticker \"US&nbsp;10Y\" and you'll see this is all MM trying to stir the market again...Give me a like and comment if you agree!!","listText":"Mehh~ just go to trading view to check the yield 10 years back ticker \"US&nbsp;10Y\" and you'll see this is all MM trying to stir the market again...Give me a like and comment if you agree!!","text":"Mehh~ just go to trading view to check the yield 10 years back ticker \"US 10Y\" and you'll see this is all MM trying to stir the market again...Give me a like and comment if you agree!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350318340","repostId":"1133934997","repostType":4,"isVote":1,"tweetType":1,"viewCount":266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349325306,"gmtCreate":1617548938305,"gmtModify":1704700365886,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Let's goooo like and comment here pls!!!","listText":"Let's goooo like and comment here pls!!!","text":"Let's goooo like and comment here pls!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/349325306","repostId":"1180941072","repostType":4,"repost":{"id":"1180941072","kind":"news","pubTimestamp":1617347526,"share":"https://ttm.financial/m/news/1180941072?lang=&edition=fundamental","pubTime":"2021-04-02 15:12","market":"us","language":"en","title":"Rehypothecated Leverage: How Archegos Built A $100 Billion Portfolio Out Of Thin Air... And Then Blew Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1180941072","media":"zerohedge","summary":"One week after the biggest, and most spectacular hedge fund collapse since LTCM, we now have an (alm","content":"<p>One week after the biggest, and most spectacular hedge fund collapse since LTCM, we now have an (almost) clear picture of how Bill Hwang’s Archegos family office managed to single-handedly make a boring media stock the best performing company of 2021, but then when its luck suddenly ended it was margin called into extinction, leading to billions in losses for the banks that enabled what Bloomberg has dubbed its<i>\"leveraged blowout.\"</i></p><p>Thanks to detailed reports by theFinancial TimesandBloomberg, we now have the missing pieces to complete the picture of the biggest hedge fund implosion of the 21st century.</p><p>As a reminder, and as wepreviously discussed, we already knew<i><b>how</b></i>Archegos was building up stakes in its various holdings: unlike most other investors, the fund never actually owned the underlying stock or even calls on the stock, but rather transacted by purchasing equity swaps known as Total Return Swaps (TRS) or Certificates For Difference (CFD). Similar to Credit Default Swaps, TRS exposed Archegos to the daily variation margin on the underlying stock, and as such while the fund would benefit economically from increases in the underlying stock price (and, inversely, would be hit by price drops forcing it to put up more cash as margin any day the stock price dropped) it would<i><b>never be the actual owner of record</b></i>of the underlying stock. Instead, the stock that Archegos was long would be \"owned\" by its prime broker, the same entity that allowed it to enter into TRS in the first place. As such<b>Archegos also never had any disclosure requirements</b>, allowing it to transact completely in the dark while being fully compliant with SEC disclosure requirements -<i>since it didn't own the underlying stock, Archegos did not have to disclose it.</i><b>Simple and brilliant.</b></p><p>This part is important because the lack of a documented trail of ownership to Archegos is what enabled the entire Ponzi bezzle... and the staggering leverage the fund applied to its portfolio. Furthermore, well aware that there was almost no way to verify just how much of a given stock he owned, Hwang proceeded to have nearly identical positions with not one, not two but at least<i><b>eight</b></i>prime brokers (the final number is still being determined as more and more come out of the woodwork).</p><p>Not that Archegos prime brokers were completely clueless as to what was going on.</p><p>As Bloomberg reports, while much of the investing world watched in stunned silence how an \"old media\" company - ViacomCBS - shot up almost 300% in weeks, becoming the best performing stock in the S&amp;P500 and prompting investors to speculate that the stock was was either undervalued,<i><b>or</b></i>like GameStop,<i><b>or</b></i>a takeover target, a handful of execs at Wall Street's top trading firms were aware of what was behind the move: it was Archegos Capital Management, who was building a massive position in&nbsp;ViacomCBS and a handful of other stocks...<b>using leverage the same banks so generously offered with stock which the banks themselves technically owned!</b></p><p><img src=\"https://static.tigerbbs.com/b2673e53795d60481c007d7f7d30c147\" tg-width=\"500\" tg-height=\"293\" referrerpolicy=\"no-referrer\">But while banks around the world - from<i>Goldman, Morgan Stanley and Wells in the US, to Credit Susse, UBS and Deutsche Bank in Europe, to Nomura and Mitsubishi UFJ in Japan</i>- kept giving Hwang the leverage he needed to acquire more and more of the stock, until he became the biggest<i><b>economic</b></i>if not<i><b>registered</b></i>owner of Viacom, what they did<i>not</i>know - thanks to the was Total Return Swaps are structured - was the full extent of his wagers. Which were massive:<i>he stealthily amassed $10 billion of Viacom</i>.</p><p>Viacom was just one of many: using even more TRS and even more leverage across even more Prime Brokers, Archegos was able to place colossal wagers while avoiding the disclosures required of most investors. And so<b>\"almost invisibly\" Hwang accumulated a portfolio which according to Bloomberg sources was as much as</b><b><u>$100 billion</u></b><b>!</b></p><p>Eventually, Archegos built positions in at least nine stocks that were big enough to rank him among the largest holders, fueled by a level of bank leverage that would have been unusual even for a hedge fund.</p><p>While we previously discussed the leverage aspect of Archegos strategy, here it is again: with Bill Hwuang managing approximately $10BN in assets under management, the multiple Total Return Swaps with unwitting prime brokers allowed the fund to build up a staggering $100 billion in positions, implying a huge 10x leverage. This is the kind of leverage one associated with the likes of financial titans likeCitadel and Millennium, not a smallish family office which has zero downside protection (as we would eventually learn).</p><p><img src=\"https://static.tigerbbs.com/e3436444c8e02081d1822cb0823fc1f1\" tg-width=\"500\" tg-height=\"285\" referrerpolicy=\"no-referrer\">What is amazing about this unilateral Ponzi scheme is that it relied on what we have dubbed<i><b>rehypothecated leverage</b></i>: the fund<i>never even owned the underlying stock which was layered with billions in generous Prime Broker debt</i>, but it was Archegos' Prime Brokers who not only would own the actual stock<b>but would also allow Hwang to add tens of billions in leverage... on an asset that they owned!</b></p><p>What is also remarkable is that Archegos' ponzi scheme could have continued indefinitely if only Viacom stock had i) continue to rise or ii) avoided a crash. After all, having ignited the initial upward moment, Archegos had effectively forced benchmark-tracking investors, exchange-traded funds, CTAs and other momentum investors to buy as well.</p><p>Sadly for Hwang (and his Primer Brokers) the upward momentum ended with a bang last Monday, when with its shares trading at $100, Viacom announced a $3BN stock sale, which hammered the stock, followed by a round of analyst downgrades, which sent the stock tumbling. It was at this point that Archegos was now facing tens of billions in margin calls on its VIACA Total Return Swaps from its Prime Brokers.</p><p><img src=\"https://static.tigerbbs.com/0543d0f74cfb9ce4e0ca6662b0f012a7\" tg-width=\"500\" tg-height=\"293\" referrerpolicy=\"no-referrer\">And therein lies the rub, because when the time came to unwind the Archegos Ponzi, the Prime Brokers' counterparty was not Archegos but other Prime Brokers. This is what led to the infamous meeting late last Thursday, where a bunch of PBs tried to reach an amicable resolution ahead of Friday's bloodbath. As Bloomberg adds, at several points during those exchanges, bankers implored Hwang to buy himself breathing room by selling some stocks and raising cash to post collateral. But \"he wouldn’t budge.\"</p><p>As a result, Morgan Stanley and Goldman promptly started dumping blocks of stock backing Archegos TRS in the open market. In doing so the started a margin call liquidation, in which those who sold first - like Goldman, Morgan Stanley and Deutsche - would avoid massive losses, while those who waited like Nomura and Credit Suisse...<i>would not.</i>Indeed, we already knew that Nomura, Japan’s largest investment bank, said its losses could hit $2Bn, while losses at Credit Suisse could be as large as $4Bn according to the FT.</p><p>At this point, many questions popped up, especially (and belatedly) inside the banks themselves: as theFT reports, executives within the prime brokerage divisions of at least two banks \"<b>are being quizzed by risk managers over why they offered a business as small as Archegos tens of billions of dollars of leverage on trades in volatile equities through swaps contracts,</b>.\"</p><p>As the FT further notes, echoing what we said above, while prime brokerage clients typically provide few details about their other trading activities, \"executives from at least two of the six banks are investigating whether Hwang deliberately misled them or withheld vital information about mirror positions he had built up at rival banks, according to people involved in the probes.\"</p><p>Well, no: Archegos did not mislead anyone. He simply used (and abused) a system where - as we put it - one investor can create as much rehypothecated leverage as the investors' banks and Prime Brokers will allow him. In this case we know the number may have been as high as a mindblowing $90 billion.</p><p>Naturally, had the banks known that<i><b>in a worst case scenario they would be facing other banks-</b></i>since such replicated, or rather rehypothecated position would magnify the risks on each of the trades making a bank less likely to extend so much credit against them&nbsp; - none of this would have been possible. However, as long as everything was going up, and all of Archegos positions were pleasasntly surging nobody seemed to care... or bother to calculate just how big the downside risk was (one can thank the Fed Put for that).</p><p>One final remarkable aspect of this whole story is that this is not Hwang's first crisis. In 2012 he submitted a&nbsp;guilty plea on behalf of his hedge fund to a charge of wire fraud, and he resolved related civil claims of insider trading without&nbsp;admitting or denying wrongdoing. Archegos is the family office he formed after winding down that firm, Tiger Asia Management.</p><p>However, as if nothing had ever happened, prime brokerages immediately began lining&nbsp;up to&nbsp;help the new business. Morgan Stanley was among his early backers.&nbsp;Deutsche Bank signed him as a client at the urging of at least one senior executive, according to Bloomberg, \"who was unperturbed by the insider-trading taint and didn’t believe Hwang had done anything wrong, according to a person familiar with that decision.\" Ironically, just a few years later,<b>Hwang did something wrong and it would prove to be the biggest hedge fund collapse in post-LTCM history.</b></p><p>Not every bank acted like an idiot: one firm resisted the lure. Archegos approached JPMorgan sometime between 2016 and 2018 and was rebuffed, according to the Bloomberg report. At the time, JPMorgan was still revamping the equity prime-brokerage unit it had acquired with Bear Stearns during the 2008 financial crisis. \"Dumb luck or not, the bank dodged a bullet.\"</p><p>The rest of the story is mostly known, so now what.</p><p>Well, aswe first hintedand as Bloomberg reports, already regulators are dropping hints of new rules to come, with SEC officials signaling to banks that they intend to make trading disclosures from hedge funds a higher priority, while also finding ways to address risk and leverage.</p><blockquote><i>Senior finance executives acknowledge that a crackdown of some form, whether on borrowing or transparency or both, is inevitable.</i></blockquote><p>Amusingly, and picking up on the FT's reporting, Bloomberg also notes that while some of those firms have disclosed the financial impact of their roles in the Archegos collapse,<b>none is willing to comment on how or why they enabled Hwang to become such a force in the market.</b>After all what can they say: \"the other guys vetted him, so we assumed he was clean\"...</p><p>There are also questions whether Hwang’s counterparties knew about his relationships with other banks and the scale of the leverage he was using for what appear to be concentrated positions in a handful of companies. And - more ominously - if they did not know anything about his exposure,<b>why the hell not?</b>As wereported on Tuesday, JPMorgan (which successfully managed to avoid this scandal completely) estimated that the Prime Brokers facing Archegos may end up<b>absorbing as much as $10 billion in combined losses.</b></p><p>Already credit rating agencies have downgraded outlooks for Credit Suisse and Nomura, citing concerns over “the quality of risk management” while activist investors are demanding better governance and would not mind if senior execs were summarily fired over this episode to restore confidence.</p><p>\"Risk controls still are not where they should be,\" David Herro, one of Credit Suisse’s biggest shareholders, said Wednesday in a Bloomberg TV&nbsp;interview. \"Hopefully, this is a wake-up call to expedite the cultural change that is needed in this company.\"</p><p>But going back to Bloomberg's original point, for all their silence the prime-brokerage units of&nbsp;Nomura,&nbsp;Goldman Sachs,&nbsp;Morgan Stanley, Credit Suisse and others,<b>had clues about what Archegos was doing.</b>These firms knew about the trades they had financed, of course, and also had some visibility into his total borrowings. And yet they didn't bother to ask about what, if any, risk management was being implemented to avoid an uncontrolled unwind. Or rather,<i><b>the questions emerged only after the margin call.</b></i></p><p>What the Prime Brokers also didn't know is that Hwang was taking parallel positions at multiple firms, piling more leverage onto the same few stocks, which brings us back to our<i><b>rehypothecated leverage</b></i>concept which we are confident we will use much more in the coming months, especially since \"unwinding a series of large, leveraged bets placed by a single account is one thing; doing so when rival banks are liquidating the same positions held by the same client is quite another.\"</p><p>Archegos' own \"Lehman moment\" came late on March 25 when Hwang’s prime brokers met again and discussed the possibility of standing down temporarily to let tensions ease, as we reported previously, but any attempt at solidarity proved short-lived: shortly after some PBs sent Archegos notices of default, clearing the way for Goldman and Morgan Stanley to dump Hwang's positions.</p><p>“Hopefully this will cause the prime brokerages of regulated banking organizations (and their supervisors) to re-assess their relationships with highly leveraged hedge funds,” former FDIC chair Sheila Bair tweeted.</p><p><img src=\"https://static.tigerbbs.com/b70d4570bcc92554dba7f9d5db168422\" tg-width=\"470\" tg-height=\"335\" referrerpolicy=\"no-referrer\">She is, of course, wrong.</p><p>In fact, if anything we expect Prime Brokers will make leverage<i>even easier to obtain for non-bank, hedge fund and family office clients</i>, because the one big mistake Archegos (and its Prime Brokers) made was that it was not big and systemic enough to merit a Fed bailout. Now, if Archegos had a portfolio of $200 billion, $300 billion or more, while usingCitadel's 50x leverage,<b>now we're talking \"size\"...</b>size enough for the Fed to step in and make everyone whole on the back of taxpayers... the same way the Fed bailed out Citadel, Millennium and Point72 in September 2019 during the repo crisis (as bothZero Hedgeand subsequentlyBloomberg, explained).</p><p>There is another reason nothing will change: hedge funds, Prime Brokers, banks - in fact the Fed itself - are all incentivized to<i><u><b>not</b></u></i>look at what skeletons may be found in the closet. Why? Because if the banks are forced to admit that there are more Archegos funds -<i><u><b>and there are countless</b></u></i>- Prime Brokers will have no choice but to sequester collateral from more clients, sparking more margin calls, leading to more stock liquidations, and resulting in even bigger investor panic. Call it a side effect of building castles on crooked foundations in an artificial, fake, Fed-supported market.</p><p>Is another market panic what the Fed wants? Or what the Biden admin wants? Of course not.</p><p>Which is why we will get a token Congressional hearing where politicians care more to hear themselves talk than listen to the answers, the banks will slap a few hands, one or two small sacrificial hedge funds will be shut down, and the world will move on, especially once Archegos is no longer on the front page of the financial media.</p><p>It's also why when the next major hedge fund implosion does happen, it will be far more catastrophic.</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>Rehypothecated Leverage: How Archegos Built A $100 Billion Portfolio Out Of Thin Air... And Then Blew Up</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\">\nRehypothecated Leverage: How Archegos Built A $100 Billion Portfolio Out Of Thin Air... And Then Blew Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 15:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/rehypothecated-leverage-how-archegos-built-100-billion-portfolio-out-thin-air-and-then-blew><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>One week after the biggest, and most spectacular hedge fund collapse since LTCM, we now have an (almost) clear picture of how Bill Hwang’s Archegos family office managed to single-handedly make a ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/rehypothecated-leverage-how-archegos-built-100-billion-portfolio-out-thin-air-and-then-blew\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/rehypothecated-leverage-how-archegos-built-100-billion-portfolio-out-thin-air-and-then-blew","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180941072","content_text":"One week after the biggest, and most spectacular hedge fund collapse since LTCM, we now have an (almost) clear picture of how Bill Hwang’s Archegos family office managed to single-handedly make a boring media stock the best performing company of 2021, but then when its luck suddenly ended it was margin called into extinction, leading to billions in losses for the banks that enabled what Bloomberg has dubbed its\"leveraged blowout.\"Thanks to detailed reports by theFinancial TimesandBloomberg, we now have the missing pieces to complete the picture of the biggest hedge fund implosion of the 21st century.As a reminder, and as wepreviously discussed, we already knewhowArchegos was building up stakes in its various holdings: unlike most other investors, the fund never actually owned the underlying stock or even calls on the stock, but rather transacted by purchasing equity swaps known as Total Return Swaps (TRS) or Certificates For Difference (CFD). Similar to Credit Default Swaps, TRS exposed Archegos to the daily variation margin on the underlying stock, and as such while the fund would benefit economically from increases in the underlying stock price (and, inversely, would be hit by price drops forcing it to put up more cash as margin any day the stock price dropped) it wouldnever be the actual owner of recordof the underlying stock. Instead, the stock that Archegos was long would be \"owned\" by its prime broker, the same entity that allowed it to enter into TRS in the first place. As suchArchegos also never had any disclosure requirements, allowing it to transact completely in the dark while being fully compliant with SEC disclosure requirements -since it didn't own the underlying stock, Archegos did not have to disclose it.Simple and brilliant.This part is important because the lack of a documented trail of ownership to Archegos is what enabled the entire Ponzi bezzle... and the staggering leverage the fund applied to its portfolio. Furthermore, well aware that there was almost no way to verify just how much of a given stock he owned, Hwang proceeded to have nearly identical positions with not one, not two but at leasteightprime brokers (the final number is still being determined as more and more come out of the woodwork).Not that Archegos prime brokers were completely clueless as to what was going on.As Bloomberg reports, while much of the investing world watched in stunned silence how an \"old media\" company - ViacomCBS - shot up almost 300% in weeks, becoming the best performing stock in the S&P500 and prompting investors to speculate that the stock was was either undervalued,orlike GameStop,ora takeover target, a handful of execs at Wall Street's top trading firms were aware of what was behind the move: it was Archegos Capital Management, who was building a massive position in ViacomCBS and a handful of other stocks...using leverage the same banks so generously offered with stock which the banks themselves technically owned!But while banks around the world - fromGoldman, Morgan Stanley and Wells in the US, to Credit Susse, UBS and Deutsche Bank in Europe, to Nomura and Mitsubishi UFJ in Japan- kept giving Hwang the leverage he needed to acquire more and more of the stock, until he became the biggesteconomicif notregisteredowner of Viacom, what they didnotknow - thanks to the was Total Return Swaps are structured - was the full extent of his wagers. Which were massive:he stealthily amassed $10 billion of Viacom.Viacom was just one of many: using even more TRS and even more leverage across even more Prime Brokers, Archegos was able to place colossal wagers while avoiding the disclosures required of most investors. And so\"almost invisibly\" Hwang accumulated a portfolio which according to Bloomberg sources was as much as$100 billion!Eventually, Archegos built positions in at least nine stocks that were big enough to rank him among the largest holders, fueled by a level of bank leverage that would have been unusual even for a hedge fund.While we previously discussed the leverage aspect of Archegos strategy, here it is again: with Bill Hwuang managing approximately $10BN in assets under management, the multiple Total Return Swaps with unwitting prime brokers allowed the fund to build up a staggering $100 billion in positions, implying a huge 10x leverage. This is the kind of leverage one associated with the likes of financial titans likeCitadel and Millennium, not a smallish family office which has zero downside protection (as we would eventually learn).What is amazing about this unilateral Ponzi scheme is that it relied on what we have dubbedrehypothecated leverage: the fundnever even owned the underlying stock which was layered with billions in generous Prime Broker debt, but it was Archegos' Prime Brokers who not only would own the actual stockbut would also allow Hwang to add tens of billions in leverage... on an asset that they owned!What is also remarkable is that Archegos' ponzi scheme could have continued indefinitely if only Viacom stock had i) continue to rise or ii) avoided a crash. After all, having ignited the initial upward moment, Archegos had effectively forced benchmark-tracking investors, exchange-traded funds, CTAs and other momentum investors to buy as well.Sadly for Hwang (and his Primer Brokers) the upward momentum ended with a bang last Monday, when with its shares trading at $100, Viacom announced a $3BN stock sale, which hammered the stock, followed by a round of analyst downgrades, which sent the stock tumbling. It was at this point that Archegos was now facing tens of billions in margin calls on its VIACA Total Return Swaps from its Prime Brokers.And therein lies the rub, because when the time came to unwind the Archegos Ponzi, the Prime Brokers' counterparty was not Archegos but other Prime Brokers. This is what led to the infamous meeting late last Thursday, where a bunch of PBs tried to reach an amicable resolution ahead of Friday's bloodbath. As Bloomberg adds, at several points during those exchanges, bankers implored Hwang to buy himself breathing room by selling some stocks and raising cash to post collateral. But \"he wouldn’t budge.\"As a result, Morgan Stanley and Goldman promptly started dumping blocks of stock backing Archegos TRS in the open market. In doing so the started a margin call liquidation, in which those who sold first - like Goldman, Morgan Stanley and Deutsche - would avoid massive losses, while those who waited like Nomura and Credit Suisse...would not.Indeed, we already knew that Nomura, Japan’s largest investment bank, said its losses could hit $2Bn, while losses at Credit Suisse could be as large as $4Bn according to the FT.At this point, many questions popped up, especially (and belatedly) inside the banks themselves: as theFT reports, executives within the prime brokerage divisions of at least two banks \"are being quizzed by risk managers over why they offered a business as small as Archegos tens of billions of dollars of leverage on trades in volatile equities through swaps contracts,.\"As the FT further notes, echoing what we said above, while prime brokerage clients typically provide few details about their other trading activities, \"executives from at least two of the six banks are investigating whether Hwang deliberately misled them or withheld vital information about mirror positions he had built up at rival banks, according to people involved in the probes.\"Well, no: Archegos did not mislead anyone. He simply used (and abused) a system where - as we put it - one investor can create as much rehypothecated leverage as the investors' banks and Prime Brokers will allow him. In this case we know the number may have been as high as a mindblowing $90 billion.Naturally, had the banks known thatin a worst case scenario they would be facing other banks-since such replicated, or rather rehypothecated position would magnify the risks on each of the trades making a bank less likely to extend so much credit against them  - none of this would have been possible. However, as long as everything was going up, and all of Archegos positions were pleasasntly surging nobody seemed to care... or bother to calculate just how big the downside risk was (one can thank the Fed Put for that).One final remarkable aspect of this whole story is that this is not Hwang's first crisis. In 2012 he submitted a guilty plea on behalf of his hedge fund to a charge of wire fraud, and he resolved related civil claims of insider trading without admitting or denying wrongdoing. Archegos is the family office he formed after winding down that firm, Tiger Asia Management.However, as if nothing had ever happened, prime brokerages immediately began lining up to help the new business. Morgan Stanley was among his early backers. Deutsche Bank signed him as a client at the urging of at least one senior executive, according to Bloomberg, \"who was unperturbed by the insider-trading taint and didn’t believe Hwang had done anything wrong, according to a person familiar with that decision.\" Ironically, just a few years later,Hwang did something wrong and it would prove to be the biggest hedge fund collapse in post-LTCM history.Not every bank acted like an idiot: one firm resisted the lure. Archegos approached JPMorgan sometime between 2016 and 2018 and was rebuffed, according to the Bloomberg report. At the time, JPMorgan was still revamping the equity prime-brokerage unit it had acquired with Bear Stearns during the 2008 financial crisis. \"Dumb luck or not, the bank dodged a bullet.\"The rest of the story is mostly known, so now what.Well, aswe first hintedand as Bloomberg reports, already regulators are dropping hints of new rules to come, with SEC officials signaling to banks that they intend to make trading disclosures from hedge funds a higher priority, while also finding ways to address risk and leverage.Senior finance executives acknowledge that a crackdown of some form, whether on borrowing or transparency or both, is inevitable.Amusingly, and picking up on the FT's reporting, Bloomberg also notes that while some of those firms have disclosed the financial impact of their roles in the Archegos collapse,none is willing to comment on how or why they enabled Hwang to become such a force in the market.After all what can they say: \"the other guys vetted him, so we assumed he was clean\"...There are also questions whether Hwang’s counterparties knew about his relationships with other banks and the scale of the leverage he was using for what appear to be concentrated positions in a handful of companies. And - more ominously - if they did not know anything about his exposure,why the hell not?As wereported on Tuesday, JPMorgan (which successfully managed to avoid this scandal completely) estimated that the Prime Brokers facing Archegos may end upabsorbing as much as $10 billion in combined losses.Already credit rating agencies have downgraded outlooks for Credit Suisse and Nomura, citing concerns over “the quality of risk management” while activist investors are demanding better governance and would not mind if senior execs were summarily fired over this episode to restore confidence.\"Risk controls still are not where they should be,\" David Herro, one of Credit Suisse’s biggest shareholders, said Wednesday in a Bloomberg TV interview. \"Hopefully, this is a wake-up call to expedite the cultural change that is needed in this company.\"But going back to Bloomberg's original point, for all their silence the prime-brokerage units of Nomura, Goldman Sachs, Morgan Stanley, Credit Suisse and others,had clues about what Archegos was doing.These firms knew about the trades they had financed, of course, and also had some visibility into his total borrowings. And yet they didn't bother to ask about what, if any, risk management was being implemented to avoid an uncontrolled unwind. Or rather,the questions emerged only after the margin call.What the Prime Brokers also didn't know is that Hwang was taking parallel positions at multiple firms, piling more leverage onto the same few stocks, which brings us back to ourrehypothecated leverageconcept which we are confident we will use much more in the coming months, especially since \"unwinding a series of large, leveraged bets placed by a single account is one thing; doing so when rival banks are liquidating the same positions held by the same client is quite another.\"Archegos' own \"Lehman moment\" came late on March 25 when Hwang’s prime brokers met again and discussed the possibility of standing down temporarily to let tensions ease, as we reported previously, but any attempt at solidarity proved short-lived: shortly after some PBs sent Archegos notices of default, clearing the way for Goldman and Morgan Stanley to dump Hwang's positions.“Hopefully this will cause the prime brokerages of regulated banking organizations (and their supervisors) to re-assess their relationships with highly leveraged hedge funds,” former FDIC chair Sheila Bair tweeted.She is, of course, wrong.In fact, if anything we expect Prime Brokers will make leverageeven easier to obtain for non-bank, hedge fund and family office clients, because the one big mistake Archegos (and its Prime Brokers) made was that it was not big and systemic enough to merit a Fed bailout. Now, if Archegos had a portfolio of $200 billion, $300 billion or more, while usingCitadel's 50x leverage,now we're talking \"size\"...size enough for the Fed to step in and make everyone whole on the back of taxpayers... the same way the Fed bailed out Citadel, Millennium and Point72 in September 2019 during the repo crisis (as bothZero Hedgeand subsequentlyBloomberg, explained).There is another reason nothing will change: hedge funds, Prime Brokers, banks - in fact the Fed itself - are all incentivized tonotlook at what skeletons may be found in the closet. Why? Because if the banks are forced to admit that there are more Archegos funds -and there are countless- Prime Brokers will have no choice but to sequester collateral from more clients, sparking more margin calls, leading to more stock liquidations, and resulting in even bigger investor panic. Call it a side effect of building castles on crooked foundations in an artificial, fake, Fed-supported market.Is another market panic what the Fed wants? Or what the Biden admin wants? Of course not.Which is why we will get a token Congressional hearing where politicians care more to hear themselves talk than listen to the answers, the banks will slap a few hands, one or two small sacrificial hedge funds will be shut down, and the world will move on, especially once Archegos is no longer on the front page of the financial media.It's also why when the next major hedge fund implosion does happen, it will be far more catastrophic.","news_type":1},"isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359407410,"gmtCreate":1616418186130,"gmtModify":1704793787789,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Like and comment pls!!","listText":"Like and comment pls!!","text":"Like and comment pls!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/359407410","repostId":"2120420111","repostType":4,"repost":{"id":"2120420111","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1616415141,"share":"https://ttm.financial/m/news/2120420111?lang=&edition=fundamental","pubTime":"2021-03-22 20:12","market":"us","language":"en","title":"Thinking About Buying Stock In Ford, Apple, Beyond Meat Or Starbucks?","url":"https://stock-news.laohu8.com/highlight/detail?id=2120420111","media":"Benzinga","summary":"One of the most common questions traders have about stocks is “Why Is It Moving?”\nThat’s why Benzing","content":"<p><img src=\"https://static.tigerbbs.com/7cdbb09cac44301f04fba8db0d4734c7\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p>\n<p>One of the most common questions traders have about stocks is “Why Is It Moving?”</p>\n<p>That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a <a href=\"https://laohu8.com/S/AONE\">one</a>-sentence description as to why that stock is moving.</p>\n<p>Here’s the latest analyst news and updates for Ford, Apple, Beyond Meat and Starbucks.</p>\n<p><b>Ford Motor Company</b> (NYSE: F) shares are trading higher after Barclays upgraded the stock from Equal-Weight to Overweight and raised its price target from $9 to $16 per share.</p>\n<p>A rumored <b>Apple Inc</b> (NASDAQ: AAPL) augmented reality headset will contain eye-tracking technology for user input, according to analyst Ming-Chi Kuo. The analyst who tracks the tech giant revealed&nbsp;the AR headset will come equipped with a transmitter and a receiver to track eye movements coupled with related physical information. <i>Read More</i></p>\n<p><b>Beyond Meat Inc</b> (NASDAQ: BYND) shares are trading higher after Stephens &amp; Co initiated coverage on the stock with an Overweight rating and a price target of $190 per share.</p>\n<p><b>Starbucks Corporation</b> (NASDAQ: SBUX) shares are trading higher after Wedbush upgraded the stock from Neutral to Outperform and raised its price target from $108 to $124 per share.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Thinking About Buying Stock In Ford, Apple, Beyond Meat Or Starbucks?</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\">\nThinking About Buying Stock In Ford, Apple, Beyond Meat Or Starbucks?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-03-22 20:12</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/7cdbb09cac44301f04fba8db0d4734c7\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p>\n<p>One of the most common questions traders have about stocks is “Why Is It Moving?”</p>\n<p>That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a <a href=\"https://laohu8.com/S/AONE\">one</a>-sentence description as to why that stock is moving.</p>\n<p>Here’s the latest analyst news and updates for Ford, Apple, Beyond Meat and Starbucks.</p>\n<p><b>Ford Motor Company</b> (NYSE: F) shares are trading higher after Barclays upgraded the stock from Equal-Weight to Overweight and raised its price target from $9 to $16 per share.</p>\n<p>A rumored <b>Apple Inc</b> (NASDAQ: AAPL) augmented reality headset will contain eye-tracking technology for user input, according to analyst Ming-Chi Kuo. The analyst who tracks the tech giant revealed&nbsp;the AR headset will come equipped with a transmitter and a receiver to track eye movements coupled with related physical information. <i>Read More</i></p>\n<p><b>Beyond Meat Inc</b> (NASDAQ: BYND) shares are trading higher after Stephens &amp; Co initiated coverage on the stock with an Overweight rating and a price target of $190 per share.</p>\n<p><b>Starbucks Corporation</b> (NASDAQ: SBUX) shares are trading higher after Wedbush upgraded the stock from Neutral to Outperform and raised its price target from $108 to $124 per share.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"F":"福特汽车","SBUX":"星巴克","BYND":"Beyond Meat, Inc.","AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2120420111","content_text":"One of the most common questions traders have about stocks is “Why Is It Moving?”\nThat’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.\nHere’s the latest analyst news and updates for Ford, Apple, Beyond Meat and Starbucks.\nFord Motor Company (NYSE: F) shares are trading higher after Barclays upgraded the stock from Equal-Weight to Overweight and raised its price target from $9 to $16 per share.\nA rumored Apple Inc (NASDAQ: AAPL) augmented reality headset will contain eye-tracking technology for user input, according to analyst Ming-Chi Kuo. The analyst who tracks the tech giant revealed the AR headset will come equipped with a transmitter and a receiver to track eye movements coupled with related physical information. Read More\nBeyond Meat Inc (NASDAQ: BYND) shares are trading higher after Stephens & Co initiated coverage on the stock with an Overweight rating and a price target of $190 per share.\nStarbucks Corporation (NASDAQ: SBUX) shares are trading higher after Wedbush upgraded the stock from Neutral to Outperform and raised its price target from $108 to $124 per share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327767323,"gmtCreate":1616127544062,"gmtModify":1704791298142,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Let's go!! Give me some likes!!","listText":"Let's go!! Give me some likes!!","text":"Let's go!! Give me some likes!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327767323","repostId":"2120016886","repostType":4,"repost":{"id":"2120016886","kind":"news","pubTimestamp":1616120483,"share":"https://ttm.financial/m/news/2120016886?lang=&edition=fundamental","pubTime":"2021-03-19 10:21","market":"us","language":"en","title":"Why Bitcoin Investors Should Consider Buying Square Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2120016886","media":" Motley Fool","summary":"This tech company has two thriving product ecosystems and an interest in cryptocurrency.","content":"<p>It's no secret that <b>Square</b> (NYSE:SQ) CEO Jack Dorsey is a big believer in <b>Bitcoin&nbsp;</b>(CRYPTO:BTC). In the most recent earnings call in late February, he noted his conviction that it would be the currency of the internet. To align the company with that notion, Square has aggressively purchased Bitcoin over the last year.</p>\n<p>That makes Square an interesting stock. For investors who prefer not buy cryptocurrency directly, Square is a great way to gain Bitcoin exposure. And for investors who own Bitcoin, Square's robust business can help diversify a crypto-heavy portfolio. Here's why.</p>\n<h2>Bitcoin drives Cash App engagement</h2>\n<p>Square's Cash App launched as a peer-to-peer (P2P) payments platform in 2013, but it has evolved into a suite of financial tools designed to help consumers manage their money in a variety of ways.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/88c64c6a14289a2df7d4705fb6d66113\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<p>Since 2017, Square has added the ability to buy and sell Bitcoin, launched the Square Cash Card, and enabled direct deposit for Cash App consumers. And in November 2020, Square further enhanced the mobile app's financial tools with its acquisition of Credit Karma Tax, a free tax filling service for consumers.</p>\n<p>All of these products have <a href=\"https://laohu8.com/S/AONE\">one</a> thing in common: They are meant to deepen consumer engagement by expanding Cash App usage beyond peer-to-peer (P2P) payments. And it's working -- these strategic moves have powered strong growth in both Cash App monthly active users and gross profit.</p>\n<table>\n <thead>\n  <tr>\n   <th><p>Metric</p></th>\n   <th><p>2018</p></th>\n   <th><p>2020</p></th>\n   <th><p>CAGR</p></th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td width=\"156\"><p>Monthly active users</p></td>\n   <td width=\"156\"><p>15 million</p></td>\n   <td width=\"156\"><p>36 million</p></td>\n   <td width=\"156\"><p>55%</p></td>\n  </tr>\n  <tr>\n   <td width=\"156\"><p>Gross profit</p></td>\n   <td width=\"156\"><p>$195 million</p></td>\n   <td width=\"156\"><p>$1.2 billion</p></td>\n   <td width=\"156\"><p>151%</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Data source: Square&nbsp;SEC&nbsp;Filings. CAGR = compound annual growth rate.</p>\n<p>In particular, investors should note that Cash App gross profit has grown more quickly than monthly active users. That means Square is generating more revenue per user, and Bitcoin has played a big role in making that happen.</p>\n<p>In fact, more than 3 million Cash App users bought or sold Bitcoin last year, and consumers who use Cash App to trade Bitcoin also use other products (i.e., Square Cash Card, direct deposit) more frequently than the average consumer. In other words, they are more engaged, and more engaged users generate more profit.</p>\n<p>But there's another side to Square's business. While the Cash App ecosystem is a consumer-facing product, the seller ecosystem allows Square to address the merchant side of the digital payments market.</p>\n<h2>Digitization drives the seller ecosystem</h2>\n<p>Digital forms of payment have become increasingly popular over the last decade, driven by convenience and the uptick in e-commerce. In fact, according to a report published by Square, the number of cashless businesses more than doubled in Australia, Canada, the United States, and the U.K.&nbsp;in the last 12 months alone.<b>&nbsp;</b></p>\n<p>That shift away from cash benefits Square in two ways: First, Square provides the hardware and software merchants need to accept in-store digital payments. Second, the company's developer platform makes it easy to add Square-powered checkout options&nbsp;to digital storefronts and mobile apps. In both cases, Square collects transaction fees based on the gross payment volume (GPV).</p>\n<p>Not surprisingly, the GPV processed on Square's platform has increased steadily in recent years.</p>\n<table>\n <thead>\n  <tr>\n   <th><p>Metric</p></th>\n   <th><p>2017</p></th>\n   <th><p>2020</p></th>\n   <th><p>CAGR</p></th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td width=\"156\"><p>Gross payment volume</p></td>\n   <td width=\"156\"><p>$65.3 billion</p></td>\n   <td width=\"156\"><p>$112.3 billion</p></td>\n   <td width=\"156\"><p>20%</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Data source: Square SEC Filings.</p>\n<h2>Two big market opportunities</h2>\n<p>In total, management estimates Square's current market opportunity at $160 billion: That's a $60 billion&nbsp;opportunity for the Cash App ecosystem and a $100 billion&nbsp;opportunity for the seller ecosystem. To put that in perspective, Square generated $9.5 billion&nbsp;in revenue last year -- roughly 6% of its total addressable market. That means Square still has plenty of room to grow.</p>\n<p>Moreover, the coexistence of these two businesses -- <a href=\"https://laohu8.com/S/AONE.U\">one</a> built for consumers and the other designed for merchants -- allows Square to tap both sides of the digital payments market. In the coming years, as e-commerce and digital payments continue to gain market share, the company should benefit greatly. That's why Square looks like a smart long-term investment whether you own Bitcoin or not.</p>","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>Why Bitcoin Investors Should Consider Buying Square Stock</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 Bitcoin Investors Should Consider Buying Square Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 10:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/18/why-bitcoin-investors-should-buy-square-stock/><strong> Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It's no secret that Square (NYSE:SQ) CEO Jack Dorsey is a big believer in Bitcoin (CRYPTO:BTC). In the most recent earnings call in late February, he noted his conviction that it would be the currency...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/18/why-bitcoin-investors-should-buy-square-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","SQ":"Block"},"source_url":"https://www.fool.com/investing/2021/03/18/why-bitcoin-investors-should-buy-square-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2120016886","content_text":"It's no secret that Square (NYSE:SQ) CEO Jack Dorsey is a big believer in Bitcoin (CRYPTO:BTC). In the most recent earnings call in late February, he noted his conviction that it would be the currency of the internet. To align the company with that notion, Square has aggressively purchased Bitcoin over the last year.\nThat makes Square an interesting stock. For investors who prefer not buy cryptocurrency directly, Square is a great way to gain Bitcoin exposure. And for investors who own Bitcoin, Square's robust business can help diversify a crypto-heavy portfolio. Here's why.\nBitcoin drives Cash App engagement\nSquare's Cash App launched as a peer-to-peer (P2P) payments platform in 2013, but it has evolved into a suite of financial tools designed to help consumers manage their money in a variety of ways.\nImage source: Getty Images.\nSince 2017, Square has added the ability to buy and sell Bitcoin, launched the Square Cash Card, and enabled direct deposit for Cash App consumers. And in November 2020, Square further enhanced the mobile app's financial tools with its acquisition of Credit Karma Tax, a free tax filling service for consumers.\nAll of these products have one thing in common: They are meant to deepen consumer engagement by expanding Cash App usage beyond peer-to-peer (P2P) payments. And it's working -- these strategic moves have powered strong growth in both Cash App monthly active users and gross profit.\n\n\n\nMetric\n2018\n2020\nCAGR\n\n\n\n\nMonthly active users\n15 million\n36 million\n55%\n\n\nGross profit\n$195 million\n$1.2 billion\n151%\n\n\n\nData source: Square SEC Filings. CAGR = compound annual growth rate.\nIn particular, investors should note that Cash App gross profit has grown more quickly than monthly active users. That means Square is generating more revenue per user, and Bitcoin has played a big role in making that happen.\nIn fact, more than 3 million Cash App users bought or sold Bitcoin last year, and consumers who use Cash App to trade Bitcoin also use other products (i.e., Square Cash Card, direct deposit) more frequently than the average consumer. In other words, they are more engaged, and more engaged users generate more profit.\nBut there's another side to Square's business. While the Cash App ecosystem is a consumer-facing product, the seller ecosystem allows Square to address the merchant side of the digital payments market.\nDigitization drives the seller ecosystem\nDigital forms of payment have become increasingly popular over the last decade, driven by convenience and the uptick in e-commerce. In fact, according to a report published by Square, the number of cashless businesses more than doubled in Australia, Canada, the United States, and the U.K. in the last 12 months alone. \nThat shift away from cash benefits Square in two ways: First, Square provides the hardware and software merchants need to accept in-store digital payments. Second, the company's developer platform makes it easy to add Square-powered checkout options to digital storefronts and mobile apps. In both cases, Square collects transaction fees based on the gross payment volume (GPV).\nNot surprisingly, the GPV processed on Square's platform has increased steadily in recent years.\n\n\n\nMetric\n2017\n2020\nCAGR\n\n\n\n\nGross payment volume\n$65.3 billion\n$112.3 billion\n20%\n\n\n\nData source: Square SEC Filings.\nTwo big market opportunities\nIn total, management estimates Square's current market opportunity at $160 billion: That's a $60 billion opportunity for the Cash App ecosystem and a $100 billion opportunity for the seller ecosystem. To put that in perspective, Square generated $9.5 billion in revenue last year -- roughly 6% of its total addressable market. That means Square still has plenty of room to grow.\nMoreover, the coexistence of these two businesses -- one built for consumers and the other designed for merchants -- allows Square to tap both sides of the digital payments market. In the coming years, as e-commerce and digital payments continue to gain market share, the company should benefit greatly. That's why Square looks like a smart long-term investment whether you own Bitcoin or not.","news_type":1},"isVote":1,"tweetType":1,"viewCount":82,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340837016,"gmtCreate":1617369853635,"gmtModify":1704699252012,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Weird thing, whenever articles written about lesser than contemporary, investors will be deemed as fans/ cults. But when you go traditional, we will be titled investors. Why?","listText":"Weird thing, whenever articles written about lesser than contemporary, investors will be deemed as fans/ cults. But when you go traditional, we will be titled investors. Why?","text":"Weird thing, whenever articles written about lesser than contemporary, investors will be deemed as fans/ cults. But when you go traditional, we will be titled investors. Why?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340837016","repostId":"2124785673","repostType":2,"isVote":1,"tweetType":1,"viewCount":203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354910081,"gmtCreate":1617117521443,"gmtModify":1704696138636,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ARKX\">$ARK Space Exploration &amp; Innovation ETF(ARKX)$</a>lets go to the moon!!","listText":"<a href=\"https://laohu8.com/S/ARKX\">$ARK Space Exploration &amp; Innovation ETF(ARKX)$</a>lets go to the moon!!","text":"$ARK Space Exploration & Innovation ETF(ARKX)$lets go to the moon!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/354910081","isVote":1,"tweetType":1,"viewCount":241,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359490275,"gmtCreate":1616418223897,"gmtModify":1704793788603,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Buy and hold for years!!Like and comment Ty!","listText":"Buy and hold for years!!Like and comment Ty!","text":"Buy and hold for years!!Like and comment Ty!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/359490275","repostId":"1197179279","repostType":4,"repost":{"id":"1197179279","kind":"news","pubTimestamp":1616412720,"share":"https://ttm.financial/m/news/1197179279?lang=&edition=fundamental","pubTime":"2021-03-22 19:32","market":"us","language":"en","title":"Nio Must Continue to Manage Elevated Expectations","url":"https://stock-news.laohu8.com/highlight/detail?id=1197179279","media":"InvestorPlace","summary":"Raising the floor on NIO stock isn’t impossible, but it’s far from a given. Nio  shareholders are discovering that it’s difficult to carry the weight of expectations. NIO stock is down about 11% in 2021. And for now, the bears appear to be in control. To be fair, Nio has been in a far worse situation. But this time investors expect more. And for Nio to reach the loftiest of the bullish projections, it has to raise its floor.Given the company’s recent successes, that is not impossible, but it als","content":"<p>Raising the floor on NIO stock isn’t impossible, but it’s far from a given</p>\n<p><b>Nio</b>&nbsp;(NYSE:<b><u>NIO</u></b>) shareholders are discovering that it’s difficult to carry the weight of expectations. NIO stock is down about 11% in 2021. And for now, the bears appear to be in control. To be fair, Nio has been in a far worse situation. But this time investors expect more. And for Nio to reach the loftiest of the bullish projections, it has to raise its floor.</p>\n<p>Given the company’s recent successes, that is not impossible, but it also shouldn’t be taken as a done deal. NIO stock has crossed the $60 threshold before. But, the stock failed to hold that impressive height. Nio bulls will claim this is because the air is leaving the electric vehicle (EV) bubble. I’m not so sure that totally accounts for investor sentiment at the moment.</p>\n<p><b>The Privilege of Expectations</b></p>\n<p>For those that have read my articles, I occasionally make reference to my affection for the National Football League’s Cleveland Browns.&nbsp; The team has been “interesting” over the last few seasons; even if that hasn’t always been for the right reasons.</p>\n<p>After years of a lot of losing, the team had half a season where they were trending upwards. A few new players later, the Browns were eyeing Super Bowl rings. And at first, the team didn’t live up to the hype. The Browns found out that the privilege of expectations can be a blessing or a curse.</p>\n<p>If your eyes haven’t glazed over yet, let me bring this back to Nio.</p>\n<p>It seems like a long time ago when I was drawing the “attention” of Nio bulls. They were less than thrilled that I said the company was a bankruptcy waiting to happen. But as the saying goes, that was then. Since an infusion of cash from the Chinese government, Nio has attained the Midas touch.</p>\n<p>The company is on pace to deliver over 90,000 vehicles in 2021. Their battery-as-a-service (BaaS) program is a genuine innovation in a sector where the word gets thrown around too casually.</p>\n<p>And as Nio enjoyed success, the EV bubble inflated largely due to a number of young upstarts entering the arena. Compared to them, Nio looked like a grizzled veteran.</p>\n<p>But just because a sophomore isn’t a freshman doesn’t make them a senior. Nio is still a company with a lot to prove.</p>\n<p><b>What Can Nio Do For An Encore?</b></p>\n<p>If Nio wants to set a higher floor, there’s nothing better they can do, in my opinion, than to continue to strengthen its balance sheet. In its fourth quarter and&nbsp;full-year 2020 earnings report&nbsp;Nio reported a net loss in 2020 that was approximately 50% less than that of 2019.</p>\n<p>This doesn’t mean that Nio will become free cash flow positive anytime soon, but if they turn this to a positive number in the next 12 to 18 months, it will give investors much more to be excited about. In late 2020, Nio president Lihong Qin stated his belief that the company could be profitable in the next one to two years.</p>\n<p>Another potential catalyst would be if Nio successfully begins to&nbsp;sell vehicles in Europe. Qin has also indicated that expansion outside of China is one of the company’s goals in the next one to two years.</p>\n<p><b>Is NIO Stock a Buy?</b></p>\n<p>Well let’s put it this way. NIO stock is more attractive near $40 per share than near $60 per share. I’m not convinced that Nio will reach $60 again in the near future. Analysts give the stock a consensus price target of just under $50.</p>\n<p>The narrative of the EV sector is still in its early chapters. Nio has earned its place in that story. And it will survive the sector’s inevitable growth and consolidation phase. But right now, investors are expecting more from the company. Until Nio shows that they can exceed those expectations, a&nbsp;$60 stock price will be a ceiling&nbsp;not a floor.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Must Continue to Manage Elevated 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\">\nNio Must Continue to Manage Elevated Expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-22 19:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nio-stock-faces-privilege-of-expectations/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Raising the floor on NIO stock isn’t impossible, but it’s far from a given\nNio (NYSE:NIO) shareholders are discovering that it’s difficult to carry the weight of expectations. NIO stock is down about ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nio-stock-faces-privilege-of-expectations/\">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"},"source_url":"https://investorplace.com/2021/03/nio-stock-faces-privilege-of-expectations/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197179279","content_text":"Raising the floor on NIO stock isn’t impossible, but it’s far from a given\nNio (NYSE:NIO) shareholders are discovering that it’s difficult to carry the weight of expectations. NIO stock is down about 11% in 2021. And for now, the bears appear to be in control. To be fair, Nio has been in a far worse situation. But this time investors expect more. And for Nio to reach the loftiest of the bullish projections, it has to raise its floor.\nGiven the company’s recent successes, that is not impossible, but it also shouldn’t be taken as a done deal. NIO stock has crossed the $60 threshold before. But, the stock failed to hold that impressive height. Nio bulls will claim this is because the air is leaving the electric vehicle (EV) bubble. I’m not so sure that totally accounts for investor sentiment at the moment.\nThe Privilege of Expectations\nFor those that have read my articles, I occasionally make reference to my affection for the National Football League’s Cleveland Browns.  The team has been “interesting” over the last few seasons; even if that hasn’t always been for the right reasons.\nAfter years of a lot of losing, the team had half a season where they were trending upwards. A few new players later, the Browns were eyeing Super Bowl rings. And at first, the team didn’t live up to the hype. The Browns found out that the privilege of expectations can be a blessing or a curse.\nIf your eyes haven’t glazed over yet, let me bring this back to Nio.\nIt seems like a long time ago when I was drawing the “attention” of Nio bulls. They were less than thrilled that I said the company was a bankruptcy waiting to happen. But as the saying goes, that was then. Since an infusion of cash from the Chinese government, Nio has attained the Midas touch.\nThe company is on pace to deliver over 90,000 vehicles in 2021. Their battery-as-a-service (BaaS) program is a genuine innovation in a sector where the word gets thrown around too casually.\nAnd as Nio enjoyed success, the EV bubble inflated largely due to a number of young upstarts entering the arena. Compared to them, Nio looked like a grizzled veteran.\nBut just because a sophomore isn’t a freshman doesn’t make them a senior. Nio is still a company with a lot to prove.\nWhat Can Nio Do For An Encore?\nIf Nio wants to set a higher floor, there’s nothing better they can do, in my opinion, than to continue to strengthen its balance sheet. In its fourth quarter and full-year 2020 earnings report Nio reported a net loss in 2020 that was approximately 50% less than that of 2019.\nThis doesn’t mean that Nio will become free cash flow positive anytime soon, but if they turn this to a positive number in the next 12 to 18 months, it will give investors much more to be excited about. In late 2020, Nio president Lihong Qin stated his belief that the company could be profitable in the next one to two years.\nAnother potential catalyst would be if Nio successfully begins to sell vehicles in Europe. Qin has also indicated that expansion outside of China is one of the company’s goals in the next one to two years.\nIs NIO Stock a Buy?\nWell let’s put it this way. NIO stock is more attractive near $40 per share than near $60 per share. I’m not convinced that Nio will reach $60 again in the near future. Analysts give the stock a consensus price target of just under $50.\nThe narrative of the EV sector is still in its early chapters. Nio has earned its place in that story. And it will survive the sector’s inevitable growth and consolidation phase. But right now, investors are expecting more from the company. Until Nio shows that they can exceed those expectations, a $60 stock price will be a ceiling not a floor.","news_type":1},"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350402710,"gmtCreate":1616245377230,"gmtModify":1704792443606,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Beautiful inverse heads and shoulders!!&nbsp;Like and comment old!?","listText":"Beautiful inverse heads and shoulders!!&nbsp;Like and comment old!?","text":"Beautiful inverse heads and shoulders!! Like and comment old!?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350402710","repostId":"1136440314","repostType":4,"repost":{"id":"1136440314","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616165231,"share":"https://ttm.financial/m/news/1136440314?lang=&edition=fundamental","pubTime":"2021-03-19 22:47","market":"us","language":"en","title":"Facebook rose more than 4%","url":"https://stock-news.laohu8.com/highlight/detail?id=1136440314","media":"Tiger Newspress","summary":"(March 19) Facebook rose more than 4%.Facebook is a strong positive outlier in the S&P 500 today,up ","content":"<p>(March 19)&nbsp;Facebook rose more than 4%.</p><p><img src=\"https://static.tigerbbs.com/fea58a0f3c9d80d1b9267044a776f39d\" tg-width=\"678\" tg-height=\"520\" referrerpolicy=\"no-referrer\"></p><p></p><p>Facebook&nbsp;is a strong positive outlier in the S&amp;P 500 today,up 4.08%&nbsp;and gaining (and bouncing back froma slightly decline yesterday) after CEO Mark Zuckerberg looked to change his tune on upcoming privacy changes from Apple.</p><p>Zuckerberg had increasingly taken an adversarial stance against the big-tech rival, but in a new discussion on audio platform Clubhouse, he said thatFacebook may be better off this way.</p><p>\"I think the reality is that I'm confident that we're gonna be able to manage through that situation,\" Zuckerberg said. \"And we'll be in a good position. I think it's possible that we may even be in a stronger position.\"</p><p>That marks a sharp reversal from last summer, when Facebook said Apple's change to unique device IDs couldcut revenues in half for its Audience Network in-app ad business, and Facebook chief Mark Zuckerbergsingled Apple out for criticism in a companywide meeting.</p><p>Now, Zuckerberg is saying Apple's changes might encourage sellers to use Facebook's commerce products directly.</p><p>\"Apple's changes encourage more businesses to conduct commerce on our platforms, by making it harder for them to basically use their data in order to find the customers that would want to use their products outside of our platforms,\" he said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook rose more than 4%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook rose more than 4%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-19 22:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(March 19)&nbsp;Facebook rose more than 4%.</p><p><img src=\"https://static.tigerbbs.com/fea58a0f3c9d80d1b9267044a776f39d\" tg-width=\"678\" tg-height=\"520\" referrerpolicy=\"no-referrer\"></p><p></p><p>Facebook&nbsp;is a strong positive outlier in the S&amp;P 500 today,up 4.08%&nbsp;and gaining (and bouncing back froma slightly decline yesterday) after CEO Mark Zuckerberg looked to change his tune on upcoming privacy changes from Apple.</p><p>Zuckerberg had increasingly taken an adversarial stance against the big-tech rival, but in a new discussion on audio platform Clubhouse, he said thatFacebook may be better off this way.</p><p>\"I think the reality is that I'm confident that we're gonna be able to manage through that situation,\" Zuckerberg said. \"And we'll be in a good position. I think it's possible that we may even be in a stronger position.\"</p><p>That marks a sharp reversal from last summer, when Facebook said Apple's change to unique device IDs couldcut revenues in half for its Audience Network in-app ad business, and Facebook chief Mark Zuckerbergsingled Apple out for criticism in a companywide meeting.</p><p>Now, Zuckerberg is saying Apple's changes might encourage sellers to use Facebook's commerce products directly.</p><p>\"Apple's changes encourage more businesses to conduct commerce on our platforms, by making it harder for them to basically use their data in order to find the customers that would want to use their products outside of our platforms,\" he said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136440314","content_text":"(March 19) Facebook rose more than 4%.Facebook is a strong positive outlier in the S&P 500 today,up 4.08% and gaining (and bouncing back froma slightly decline yesterday) after CEO Mark Zuckerberg looked to change his tune on upcoming privacy changes from Apple.Zuckerberg had increasingly taken an adversarial stance against the big-tech rival, but in a new discussion on audio platform Clubhouse, he said thatFacebook may be better off this way.\"I think the reality is that I'm confident that we're gonna be able to manage through that situation,\" Zuckerberg said. \"And we'll be in a good position. I think it's possible that we may even be in a stronger position.\"That marks a sharp reversal from last summer, when Facebook said Apple's change to unique device IDs couldcut revenues in half for its Audience Network in-app ad business, and Facebook chief Mark Zuckerbergsingled Apple out for criticism in a companywide meeting.Now, Zuckerberg is saying Apple's changes might encourage sellers to use Facebook's commerce products directly.\"Apple's changes encourage more businesses to conduct commerce on our platforms, by making it harder for them to basically use their data in order to find the customers that would want to use their products outside of our platforms,\" he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":109,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312040709,"gmtCreate":1611979335101,"gmtModify":1704866774834,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Hold","listText":"Hold","text":"Hold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/312040709","repostId":"1130139919","repostType":4,"isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312040290,"gmtCreate":1611979298710,"gmtModify":1704866774189,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/312040290","repostId":"1181933127","repostType":4,"repost":{"id":"1181933127","kind":"news","pubTimestamp":1611913647,"share":"https://ttm.financial/m/news/1181933127?lang=&edition=fundamental","pubTime":"2021-01-29 17:47","market":"us","language":"en","title":"China Starts Earnings With 9 in 10 Firms Expecting Higher Profit","url":"https://stock-news.laohu8.com/highlight/detail?id=1181933127","media":"Yahoo finance","summary":"Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investor","content":"<p>Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investors a stronger fundamental backdrop after stocks sank this week.</p>\n<p>Among the 1,200-odd firms listed in mainland China that issued preliminary results in January, 75% have said earnings rose last year, according to data compiled by Bloomberg as of Thursday. Firms in the communication services and health care sectors are set to report the biggest growth, followed by consumer staples and technology. Listed companies have until Sunday to announce significant changes in earnings.</p>\n<p>Evidence of China Inc.’s resilience to the slowest economic growth in four decades due to the coronavirus, capped by a stronger-than-expected fourth quarter, may offer relief to investors. The CSI 300 Index, which tracks the biggest firms in China, has dropped 4.4% the past three days from a 13-year high, raising worries that a near-term peak has been reached. That lost momentum came as the central bank withdraws liquidity and a central bank adviser warned of asset bubbles.</p>\n<p>“The stock rally we’ve seen this year has been obviously driven by liquidity -- now it needs fundamental reasons to be sustainable,” said Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd. “The market needs the actual results to be even better than the estimates we’ve had so far to keep rallying.”</p>\n<p>China’s exchange operators require companies that are expected to record losses, to turn from losses to profit, or to see income rise by more than 50% to issue preliminary guidance by the end of January. There are more than 4,000 companies listed in the mainland overall, and most are scheduled to release official numbers in March. Among the forecasters, Sansure Biotech Inc. estimated profit soared as much as 7,257% last year while Hengtong Logistics Co. predicted earnings surged as much as 4,673% from 2019’s level.</p>\n<p>Forecasts have helped boost many Chinese stocks to start 2020. Bank shares jumped earlier this month after China Merchants Bank Co. and Industrial Bank Co. reported stronger-than-expected preliminary 2020 earnings. Muyuan Foods Co. also surged after its forecast on Tuesday.</p>\n<p>Companies’ estimates have been far rosier than what analysts have been expecting. According to Bloomberg data, 2020 profit among CSI 300 members are expected to have fallen an average 7.7%. That would be the first decline in four years.</p>\n<p>(Corrects percentage in second paragraph)</p>\n<p>For more articles like this, please visit us atbloomberg.com</p>\n<p>Subscribe nowto stay ahead with the most trusted business news source.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Starts Earnings With 9 in 10 Firms Expecting Higher Profit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Starts Earnings With 9 in 10 Firms Expecting Higher Profit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 17:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/china-starts-earnings-9-10-200000779.html><strong>Yahoo finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investors a stronger fundamental backdrop after stocks sank this week.\nAmong the 1,200-odd firms listed in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/china-starts-earnings-9-10-200000779.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://finance.yahoo.com/news/china-starts-earnings-9-10-200000779.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181933127","content_text":"Hundreds of Chinese companies are set to report an improvement in annual earnings, offering investors a stronger fundamental backdrop after stocks sank this week.\nAmong the 1,200-odd firms listed in mainland China that issued preliminary results in January, 75% have said earnings rose last year, according to data compiled by Bloomberg as of Thursday. Firms in the communication services and health care sectors are set to report the biggest growth, followed by consumer staples and technology. Listed companies have until Sunday to announce significant changes in earnings.\nEvidence of China Inc.’s resilience to the slowest economic growth in four decades due to the coronavirus, capped by a stronger-than-expected fourth quarter, may offer relief to investors. The CSI 300 Index, which tracks the biggest firms in China, has dropped 4.4% the past three days from a 13-year high, raising worries that a near-term peak has been reached. That lost momentum came as the central bank withdraws liquidity and a central bank adviser warned of asset bubbles.\n“The stock rally we’ve seen this year has been obviously driven by liquidity -- now it needs fundamental reasons to be sustainable,” said Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd. “The market needs the actual results to be even better than the estimates we’ve had so far to keep rallying.”\nChina’s exchange operators require companies that are expected to record losses, to turn from losses to profit, or to see income rise by more than 50% to issue preliminary guidance by the end of January. There are more than 4,000 companies listed in the mainland overall, and most are scheduled to release official numbers in March. Among the forecasters, Sansure Biotech Inc. estimated profit soared as much as 7,257% last year while Hengtong Logistics Co. predicted earnings surged as much as 4,673% from 2019’s level.\nForecasts have helped boost many Chinese stocks to start 2020. Bank shares jumped earlier this month after China Merchants Bank Co. and Industrial Bank Co. reported stronger-than-expected preliminary 2020 earnings. Muyuan Foods Co. also surged after its forecast on Tuesday.\nCompanies’ estimates have been far rosier than what analysts have been expecting. According to Bloomberg data, 2020 profit among CSI 300 members are expected to have fallen an average 7.7%. That would be the first decline in four years.\n(Corrects percentage in second paragraph)\nFor more articles like this, please visit us atbloomberg.com\nSubscribe nowto stay ahead with the most trusted business news source.","news_type":1},"isVote":1,"tweetType":1,"viewCount":128,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":318403396,"gmtCreate":1611880373515,"gmtModify":1704865142838,"author":{"id":"3558134964905294","authorId":"3558134964905294","name":"Euphy","avatar":"https://static.tigerbbs.com/1dab223008ede172474a29e99e34ea73","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558134964905294","authorIdStr":"3558134964905294"},"themes":[],"htmlText":"...","listText":"...","text":"...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/318403396","repostId":"2106424256","repostType":4,"repost":{"id":"2106424256","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1611810000,"share":"https://ttm.financial/m/news/2106424256?lang=&edition=fundamental","pubTime":"2021-01-28 13:00","market":"us","language":"en","title":"Apple says new privacy notifications to roll out in \"early spring\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2106424256","media":"Reuters","summary":"Jan 28 (Reuters) - Apple Inc  said on Thursday that new privacy pop-up notifications will start appe","content":"<p>Jan 28 (Reuters) - Apple Inc  said on Thursday that new privacy pop-up notifications will start appearing on most iPhones as soon as \"early spring,\" a requirement that major digital advertising firms such as <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc have warned will harm their businesses.</p><p>The <a href=\"https://laohu8.com/S/AONE\">one</a>-time notices will require an app developer to ask a user's permission before the app tracks their activities \"across other companies' apps and websites.\" Digital advertising experts believe that the warning will cause many users to decline permission.</p><p>Apple announced the move last June but said in September that it would delay the change to give digital advertisers more time to adjust.</p><p>Facebook said in December that it plans to show the pop-up notification because it did not want Apple iPhone users to lose access to its apps.</p><p>On an earnings call on Wednesday, Facebook executives told investors that the change could start hurting the company's revenues in the first quarter, with Chief Executive Mark Zuckerberg accusing Apple of having \"every incentive to use their dominant platform position to interfere with how our apps and other apps work.\"</p><p>Apple on Wednesday disclosed that it has an active installed base of 1.65 billion devices, more than 1 billion of which are iPhones, with 620 million paying subscribers on its devices.</p><p>For its part, Alphabet Inc's  Google on Tuesday said that it would cease practices, including the use of an Apple-supplied tracking identifier, that would require it to show the warning, thus avoiding it.</p><p>Apple has said that is offering alternative technology free of charge that will help advertisers attribute paid clicks and taps without engaging in what Apple deems tracking.</p><p>Google said on Tuesday that is proactively working with Apple to improve the alternative offering.</p><p>Apple said on Wednesday that it will roll out new tools such as a way to attribute clicks made on video advertisements.</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>Apple says new privacy notifications to roll out in \"early spring\"</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 says new privacy notifications to roll out in \"early spring\"\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\">2021-01-28 13:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Jan 28 (Reuters) - Apple Inc  said on Thursday that new privacy pop-up notifications will start appearing on most iPhones as soon as \"early spring,\" a requirement that major digital advertising firms such as <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc have warned will harm their businesses.</p><p>The <a href=\"https://laohu8.com/S/AONE\">one</a>-time notices will require an app developer to ask a user's permission before the app tracks their activities \"across other companies' apps and websites.\" Digital advertising experts believe that the warning will cause many users to decline permission.</p><p>Apple announced the move last June but said in September that it would delay the change to give digital advertisers more time to adjust.</p><p>Facebook said in December that it plans to show the pop-up notification because it did not want Apple iPhone users to lose access to its apps.</p><p>On an earnings call on Wednesday, Facebook executives told investors that the change could start hurting the company's revenues in the first quarter, with Chief Executive Mark Zuckerberg accusing Apple of having \"every incentive to use their dominant platform position to interfere with how our apps and other apps work.\"</p><p>Apple on Wednesday disclosed that it has an active installed base of 1.65 billion devices, more than 1 billion of which are iPhones, with 620 million paying subscribers on its devices.</p><p>For its part, Alphabet Inc's  Google on Tuesday said that it would cease practices, including the use of an Apple-supplied tracking identifier, that would require it to show the warning, thus avoiding it.</p><p>Apple has said that is offering alternative technology free of charge that will help advertisers attribute paid clicks and taps without engaging in what Apple deems tracking.</p><p>Google said on Tuesday that is proactively working with Apple to improve the alternative offering.</p><p>Apple said on Wednesday that it will roll out new tools such as a way to attribute clicks made on video advertisements.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","09086":"华夏纳指-U","03086":"华夏纳指","AAPL":"苹果","GOOGL":"谷歌A"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2106424256","content_text":"Jan 28 (Reuters) - Apple Inc  said on Thursday that new privacy pop-up notifications will start appearing on most iPhones as soon as \"early spring,\" a requirement that major digital advertising firms such as Facebook Inc have warned will harm their businesses.The one-time notices will require an app developer to ask a user's permission before the app tracks their activities \"across other companies' apps and websites.\" Digital advertising experts believe that the warning will cause many users to decline permission.Apple announced the move last June but said in September that it would delay the change to give digital advertisers more time to adjust.Facebook said in December that it plans to show the pop-up notification because it did not want Apple iPhone users to lose access to its apps.On an earnings call on Wednesday, Facebook executives told investors that the change could start hurting the company's revenues in the first quarter, with Chief Executive Mark Zuckerberg accusing Apple of having \"every incentive to use their dominant platform position to interfere with how our apps and other apps work.\"Apple on Wednesday disclosed that it has an active installed base of 1.65 billion devices, more than 1 billion of which are iPhones, with 620 million paying subscribers on its devices.For its part, Alphabet Inc's  Google on Tuesday said that it would cease practices, including the use of an Apple-supplied tracking identifier, that would require it to show the warning, thus avoiding it.Apple has said that is offering alternative technology free of charge that will help advertisers attribute paid clicks and taps without engaging in what Apple deems tracking.Google said on Tuesday that is proactively working with Apple to improve the alternative offering.Apple said on Wednesday that it will roll out new tools such as a way to attribute clicks made on video advertisements.","news_type":1},"isVote":1,"tweetType":1,"viewCount":214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}