Junqiang personal page - To The Moon

Junqiang

Junqiang

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2022-07-24

Good analysis

Amazon Is Ready To Rise Again

2022-09-14

Ok

Starbucks Raised to $100; SoFi Raised to $9｜Price Target Changes

2022-07-21

$Tesla Motors(TSLA)$Finally

2022-10-17

Nice

Sorry, the original content has been removed

2022-10-12

Wow

Meta Debuts $1,500 VR Headset Targeting Working Professionals

2021-06-17

Nice

Billionaire investor David Tepper says the stock market is still fine after Fed announcements

2023-09-20

Logical

Sea Limited: Easy To Sea

2022-08-26

Good

China and U.S Sign Agreement on Audit Dispute

2022-08-14

$Butterfly Network Inc(BFLY)$Patience paying off

2022-08-14

$MercadoLibre(MELI)$Finally.. to the moon and beyond

2021-06-16

Nice

Molecular Partners Announces Pricing of Initial Public Offering of American Depositary Shares in the United States

2022-11-07

$MercadoLibre(MELI)$Bullish

2022-08-29

Nice

Nasdaq Bear Market: 5 Unsurpassable Growth Stocks You'll Regret Not Buying on the Dip

2022-08-26

Interesting

Rumor: Amazon Set to Buy Electronic Arts

2022-07-21

$Tesla Motors(TSLA)$Let's go

2022-07-19

Ok

Tesla Q2: Market Never Learned Its Musk Lesson

2022-10-12

Nice

Microsoft: Throwing Out Good Money

2022-07-26

Expected

Facebook Employees Are Preparing for Staff Cuts of up to 10%

2022-07-26

$Tesla Motors(TSLA)$Have faith

2022-09-13

Wow

Stock Sell-Off Deepens, Dow Drops 800 Points Following Hot Inflation Report

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16:10","market":"us","language":"en","title":"Sea Limited: Easy To Sea","url":"https://stock-news.laohu8.com/highlight/detail?id=2368901380","media":"Seeking Alpha","summary":"Approximately every decade or so, the market trades the best businesses to own long term down the most and in quite violent fashion.Over roughly the last century of American capitalism, the market has","content":"<html><head></head><body><ul style=\"\"><li><p>Approximately every decade or so, the market trades the best businesses to own long term down the most and in quite violent fashion.</p></li><li><p>Over roughly the last century of American capitalism, the market has demonstrated an especial penchant for doing so to commerce platforms.</p></li><li><p>It did so to Walmart in 1973-74. It did so to Lowe&#39;s in the 1980s. It did so to Amazon in the 2000s. It did so to <a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a> in 2008-2009.</p></li><li><p>And, today, once again, the market has curiously traded down one of the best commerce platforms on earth in something akin to a fevered, depressive panic.</p></li><li><p>Today, I will quantitatively demonstrate for you the irrationality behind this price action, and, in short, I believe Sea could prove to be a 10-bagger in the decade ahead.</p></li></ul><h2 id=\"id_2336691259\">It&#39;s Easy: Concisely Articulating The Sea Thesis</h2><ol start=\"1\" style=\"\"><li><p><em>Shopee remains the #1 ecommerce platform in SE Asia. It is the only profitable one. Lazada is the #2, and this is a Rocket Internet Startup that existed before Shopee but has since been surpassed by Shopee by a very long shot. Shopee is indisputably the best ecommerce platform in the region, and, again, it&#39;s the only profitable platform.</em></p></li><li><p><em>In the U.S., Walmart, Amazon, Target, Lowe&#39;s, Home Depot, Dollar General, grocery stores, and department stores have all co-existed and created trillions in equity value over the last 75 years.</em></p></li><li><p><em>In Latin America, MercadoLibre has co-existed with a host of rivals, including Amazon quite formidably in Latin America, and it has still done very well profitably. Notably, MercadoLibre only has 35% market share of total ecommerce GMV in Latin America, while Sea has 50% in SE Asia; yet there&#39;s no fevered panic over MercadoLibre&#39;s market share.</em></p></li><li><p><em>Sea has $7.7B in cash &amp; equivalents; $3.3B in convertible debt. This is a massive amount of resources with which it can further dominate the aforementioned unprofitable and historically stagnant/inferior competition. Sea also generates robust free cash flow quarterly now alongside its giant liquidity position on its balance sheet.</em></p></li><li><p><em>Sea owns Garena, which is now returning to growth. This is like Sea&#39;s AWS (AMZN) in a sense, giving it an advantage over rivals. Garena could also experience sales growth in the future, especially in light of Free Fire being unbanned in India recently. Garena produces about $1B in annualized cash flows for the conglomerate.</em></p></li><li><p><em>Sea has a FinTech business (Sea Money) with about 60M users on the platform. This alone could be worth $20B to $30B, and Sea currently trades at ~$18B in enterprise value (preposterous in my opinion). This is a rapidly growing, free cash flow generative business that provides core financial infrastructure to SE Asia&#39;s digital economy alongside a couple other rivals, including GoPay (GOTO) and OVO (GRAB).</em></p></li><li><p><em>SE Asia has a very, very long runway for growth demographically. The region is still in the very early innings of economic growth and development.</em></p></li><li><p><em>Sea has demonstrated an ability to successfully and organically (meaning without acquiring) build new products and scale them rapidly. While it&#39;s built three incredibly successful franchises over the last decade or so, i.e., Garena (500M+ users and highly profitable), Shopee (#1 ecom platform in SE Asia and only profitable one), and Sea Money (~60M users and profitable), it&#39;s highly likely that it creates new and compelling products in the future as well, adding to the 20-30% annualized growth I believe the conglomerate will achieve in the decade ahead, once we emerge from the current rate hiking cycle and Asian economic woes broadly, both of which have served to, on some level, halt the growth of SE Asia&#39;s tech sector momentarily.</em></p></li><li><p><em>Lastly, SE Asia&#39;s demographics are very favorable for sustained, elevated growth for Sea in the decades ahead (depicted below).</em></p></li><li><p><em>I believe a 10 bagger over the next 10 years will be seen as base case for the business.</em></p></li></ol><h3 id=\"id_1939531541\">SE Asia Ecommerce Has Plateaued But Will Resume Growth In The Future</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9bcbc6ec05e6a64a5fbf7f5c7307abc0\" alt=\"Statista\" title=\"Statista\" tg-width=\"640\" tg-height=\"343\"/><span>Statista</span></p><p>We will discuss this last chart, which I believe to be central to the thesis (i.e., the slowing of SE Asian ecommerce is a near term headwind that will disappear in the future), later in this note.</p><h3 id=\"id_1441051994\">SE Asia Has A Long Runway For Growth And Development Still Ahead</h3><p>I understand that the data below is from 2017, but it&#39;s worth noting the total digital consumer TAM, as well as the projections for ecommerce growth, validation of which we can see in the ecommerce GMV chart shared just above.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd94f173610ebc3a5baba659a92725bd\" alt=\"Sea Ltd.&#39;s F-1\" title=\"Sea Ltd.&#39;s F-1\" tg-width=\"640\" tg-height=\"248\"/><span>Sea Ltd.&#39;s F-1</span></p><p>Over the last 5-7 years, Shopee&#39;s market share has grown within a rapidly growing ecommerce GMV TAM.</p><p>In a very worst case scenario, Shopee&#39;s market share may shrink, but, in light of the growth of SE Asia&#39;s ecommerce TAM, Shopee could very well continue to grow at elevated rates for decades to come.</p><h2 id=\"id_1212589788\">Understanding The Share Price Dynamics For Sea Ltd.</h2><p>I would say there&#39;s a number of approaches I could take to illustrate why Sea Ltd. (NYSE:SE) went from trading at $350/share to nearly $35/share as of today.</p><p>The same number of approaches could be taken in understanding why its retail predecessors, e.g., Walmart (WMT), Lowe&#39;s (LOW), or Amazon (AMZN), likewise experienced fairly stunning share price declines early in their lifecycles.</p><p>Today, I will share with you data that, in my estimation, definitively delineates why Sea and many of the former market darlings have experienced such breathtaking declines over the last 18 months or so.</p><p>Let&#39;s start with the underlying market mechanisms that are not idiosyncratic to Sea. These mechanisms that we will review have created the declines we&#39;ve seen from businesses like Tesla (TSLA), Affirm (AFRM), Meta (META) and Airbnb (ABNB) over the last 12 months.</p><p>I&#39;ve shared the following chart often, but it certainly bears re-sharing and repeating:</p><h4 id=\"id_2907407713\">The Prices Of Equities Overshoot To The Upside And Overshoot To The Downside</h4><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ff6ac0b344710b22e1e69f1504babaa9\" alt=\"Truemind Capital\" title=\"Truemind Capital\" tg-width=\"640\" tg-height=\"380\"/><span>Truemind Capital</span></p><p>This chart is so ubiquitously shared and repeated on the internet for a reason:</p><p>It represents genuine reality of what you will experience in owning a given business/stock.</p><p>And we can see these precise dynamics playing out for Sea, as well as Adyen (OTCPK:ADYEY) and many, many other businesses in the market today.</p><h4 id=\"id_4285585971\">Roughly Depicting The True Intrinsic Value Of Sea Based On My Estimation Of The Growth Of Free Cash Flow Per Share</h4><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/57cbad23aa9bcf1dee4a0075f181ef3f\" alt=\"YCharts\" title=\"YCharts\" tg-width=\"1280\" tg-height=\"802\"/><span>YCharts</span></p><h3 id=\"id_2734695393\">Roughly Depicting The True Intrinsic Value Of Adyen Based On My Estimation Of The Growth Of Free Cash Flow Per Share</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad805058bef113f4d42f987c320000d3\" alt=\"YCharts\" title=\"YCharts\" tg-width=\"1280\" tg-height=\"802\"/><span>YCharts</span></p><p>The charts align almost perfectly identically with the &#34;ubiquitously shared teaching chart,&#34; and this is no coincidence. This is perfectly how the market operates and prices equities.</p><p>&#34;As it was in the beginning, is now, and ever shall be, world without end. Amen.&#34;</p><p>The market&#39;s pricing of equities overshoots to the upside (too much exuberance) and overshoots to the downside (too much despair), and it has done this since the dawn of asset markets. The Great Warren Buffett has the market&#39;s behavior in this respect as the behavior of a &#34;drunken psycho,&#34; and we can certainly see and, for those that own Sea and Adyen, feel why.</p><h2 id=\"id_315136246\">Interest Rates &amp; Growth Rates</h2><p>To delve deeper into the underlying mechanisms driving the, as Mr. Buffett would call them, &#34;drunken, psychotic&#34; pricing dynamics of the market, we should consider how interest rates and individual company growth rates have impacted the valuations of Sea and Adyen.</p><p>When interest rates rise (i.e., the cost of credit in the economy rise), valuations decline, all else being equal (we will consider growth rates and their impact on valuations in a moment).</p><p>When interest rates decline (i.e., the cost of credit in the economy declines), valuations rise, all else being equal.</p><p>Below, we can see how a dramatic decline in interest rates created something akin to a &#34;zero gravity environment&#34; for the valuation of Sea (I will include Adyen as well to provide further context for this exercise).</p><h3 id=\"id_1263768699\">Sea&#39;s Valuation And The 10 Year Treasury Rate</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/edff2244b3aafc5ec72705c59f7127d1\" alt=\"YCharts\" title=\"YCharts\" tg-width=\"640\" tg-height=\"413\"/><span>YCharts</span></p><p>As interest rates have risen at the fastest rate in the history of America, the precise inverse has occurred:</p><p>Instead of a zero gravity environment for Sea, it has experienced 2x gravity for its valuation and correspondingly its stock price.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae087bc5ec40ea0953db0befae07bd7b\" alt=\"Visual Capitalist\" title=\"Visual Capitalist\" tg-width=\"640\" tg-height=\"829\"/><span>Visual Capitalist</span></p><p>If we couple this dynamic with the natural tendency of humans in crowds to panic and flee (sell), thereby creating market crashes, we can better understand why Sea&#39;s share price has been in free fall, despite reporting a fantastic Q2, in which it generated very healthy free cash flow and GAAP net income, grew sales, remained the #1 and only profitable ecommerce platform in SE Asia, grew its profitable FinTech business, and stabilized/grew its gaming business&#39; users.</p><p>We will explore Sea&#39;s quarter in following sections, but it certainly is worth noting in this valuation exercise that Sea reported an objectively fantastic Q2 2023 earnings. It could not have done better in my eyes.</p><p>Turning to Adyen, we can see precisely the same valuation dynamics, precipitated by higher interest rates, playing out.</p><h3 id=\"id_963054273\">Adyen&#39;s Valuation And The 10 Year Treasury Rate</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/79f77b27ef9ec2fd118b7e5d7e52147a\" alt=\"YCharts\" title=\"YCharts\" tg-width=\"640\" tg-height=\"413\"/><span>YCharts</span></p><p>In addition to the &#34;next best alternative&#34; math associated with higher rates and valuations, meaning that with a higher risk free rate, I require more yield on my equity investment, which suggests I need a lower valuation to buy, higher interest rates slow economic and individual business growth.</p><p>Because we&#39;ve experienced the fastest rate hiking cycle in American history and because SE Asia reopened recently, after being locked down for years, ecommerce growth in SE Asia has been tepid relative to the last few years.</p><h3 id=\"id_3676535121\">SE Asia Ecommerce Has Plateaued But Will Resume Growth In The Future</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9bcbc6ec05e6a64a5fbf7f5c7307abc0\" alt=\"Statista\" title=\"Statista\" tg-width=\"640\" tg-height=\"343\"/><span>Statista</span></p><p>We will discuss this last chart, which I believe to be central to the thesis (i.e., the slowing of SE Asian ecommerce is a near term headwind that will disappear in the future), later in this note.</p><h2 id=\"id_3773151236\">Growth Rates &amp; Valuations</h2><p>On my recent podcast, I noted that the market should not have priced Sea at $350/share based on 150%+ growth because that growth was unsustainable.</p><p>That is, in the same way it was improper for the market to price Sea at $350/share based on unsustainably high growth of 150%+, it&#39;s now highly likely that it&#39;s improper for the market to price Sea at nearly $35/share based on unsustainably low growth of 5%.</p><p>I would ask the market, &#34;Do you think, perhaps, after hundreds of percent of ecommerce growth in the span of 24 months, there will be a receding of this demand? Might difficult year over year comps have something to do with the slowing growth? Might the fastest interest rate hiking cycle ever have something to do with slowing growth? Might the China recession have something to do with slowing growth?&#34;</p><h3 id=\"id_1177283835\">SE Asia Ecommerce Has Plateaued But Will Resume Growth In The Future</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9bcbc6ec05e6a64a5fbf7f5c7307abc0\" alt=\"Statista\" title=\"Statista\" tg-width=\"640\" tg-height=\"343\"/><span>Statista</span></p><p>I mean this stuff is not rocket science.</p><h3 id=\"id_3584070374\">Sea Experienced Unsustainably High Growth And Now Unsustainably Low Growth</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/56be6b320f3dbb16ecb786f13c5a3af3\" alt=\"YCharts\" title=\"YCharts\" tg-width=\"640\" tg-height=\"413\"/><span>YCharts</span></p><p>The reality for Sea is that its long term growth rate will land somewhere in the middle, and, as such, its intrinsic value is somewhere in the middle of these two utterly insane extremes.</p><p>Amazon experienced the identical valuation and growth dynamics in the early 2000s.</p><h3 id=\"id_2031746004\">Amazon Experienced Unsustainably High Growth And Unsustainably Low Growth (Bottoming At 13% in 2001)</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5d6f19fd84c68bae89d66eff83fe5074\" alt=\"YCharts\" title=\"YCharts\" tg-width=\"640\" tg-height=\"413\"/><span>YCharts</span></p><p>To assign data to the claim that growth will find itself somewhere in the middle, below, we can see that the growth of SE Asia&#39;s ecommerce market has plateaued. The growth dynamics presented below align virtually 1 to 1 with Sea&#39;s astronomical growth in 2020/2021 and rather depressed growth in 2022 and 2023.</p><h3 id=\"id_643515669\">SE Asia Ecommerce Sales Annually (Note The Deceleration &amp; Plateau)</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9bcbc6ec05e6a64a5fbf7f5c7307abc0\" alt=\"Statista\" title=\"Statista\" tg-width=\"640\" tg-height=\"343\"/><span>Statista</span></p><p>The above data answers my previously posed question,</p><blockquote><p><em>Do you think, perhaps, after hundreds of percent of ecommerce growth in the span of 24 months, there will be a receding of this demand? Might difficult year over year comps have something to do with the slowing growth?</em></p></blockquote><p>More than anything, this is why Sea has experienced such rapidly slowing growth in recent quarters and specifically in Q2 2023.</p><p>Eventually, SE Asia&#39;s ecommerce market and Sea will accelerate revenue growth, and the current panic will look highly misguided, just as pricing the business as if it would grow at 150% annualized for 10 years was highly misguided.</p><h2 id=\"id_2482640280\">Reviewing Sea&#39;s Q2 2023 &amp; The Business Broadly</h2><p>In our review of Monday&#39;s Q2 2023 earnings, I shared the four principle frameworks via which I select businesses to own.</p><p>I would certainly encourage you to read that review of Monday via the link below:</p><ul style=\"\"><li><p>Understanding Monday.com (MNDY)</p></li></ul><p>And, indeed, we&#39;ve employed one of those frameworks in ultimately deciding to own Sea Ltd. Specifically, we used the following framework:</p><ul style=\"\"><li><p><strong><em>Quality cultures that breed innovation within the larger conglomerate: </em></strong><em>We&#39;ve often explored the Spawner framework (I&#39;m working on a different name), which entails a company&#39;s ability to launch, or spawn, new successful business/product after new successful business/product, creating a nucleus of explosive, compounding sales growth. This is the idea that a business creates a culture in which its employees create new products successfully. With multiple products growing rapidly simultaneously, the business overall grows more rapidly and more durably. Some of my favorite examples that fit within this framework are Axon, Monday, Adyen , Sea, Tesla, Amazon, and MercadoLibre. Indeed, many of our businesses possess this incredible cultural structure, and that is why we&#39;ve chosen to own them.</em></p></li></ul><p>Sea began as a gaming studio/platform, i.e., Garena, which has produced the globally popular game Free Fire, from which Sea principally generates its ~$1B in cash flows annually.</p><h3 id=\"id_2202822765\">Sea&#39;s Garena Platform Key Performance Metrics</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/667df5a1ae563e13fe9b380297b5dafa\" alt=\"Sea Q2 2023 Investor Presentation\" title=\"Sea Q2 2023 Investor Presentation\" tg-width=\"640\" tg-height=\"307\"/><span>Sea Q2 2023 Investor Presentation</span></p><p>After successfully building this gaming studio, Sea launched Shopee in 2015.</p><p>Notably, a major ecommerce platform already existed at the time: Lazada, a former Rocket Internet startup, into which Alibaba (BABA) has poured billions of dollars.</p><p>Despite Lazada having a head start, Shopee quickly surpassed Lazada and became the undisputed, most dominant ecommerce platform in SE Asia.</p><h3 id=\"id_3416636853\">SE Asia Ecommerce Market Share Data 2022</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/234387265478d7a3eacaadad43f102d3\" alt=\"Momentum.Asia\" title=\"Momentum.Asia\" tg-width=\"1280\" tg-height=\"720\"/><span>Momentum.Asia</span></p><p>Notably, Sea is the only profitable ecommerce platform in the region, which I believe demonstrates the differentiated nature of the business and the execution thereof.</p><blockquote><p><em>There are many different service points we can touch and also continue to improve. And there are also many cost points that we will continue to improve upon and these are the key competencies, I think that brought us here to the current position of strong market leadership with the lowest cost to serve a platform that allows us to be both market leader, </em><strong><em>but also profitable and one and only in Southeast Asia so far.</em></strong><em> I think we will not give up that competitive moat and we&#39;ll continue to strengthen that.</em></p><p>Yanjun Wang, Chief Corporate Officer, Q2 2023 Sea Earnings Call</p></blockquote><p>Notably, Shopee grew ecommerce orders <em>and </em>grew sales at healthy rates in the quarter.</p><h3 id=\"id_4141599611\">Shopee Grew At 28% Year Over Year, Which Is Exceptional</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b9afc577874ff61d7708c2fbc860f84b\" alt=\"Sea Q2 2023 Investor Presentation\" title=\"Sea Q2 2023 Investor Presentation\" tg-width=\"640\" tg-height=\"317\"/><span>Sea Q2 2023 Investor Presentation</span></p><blockquote><p><em>Gross orders increased by more than 10% quarter-on-quarter as a result of growth in both active buyers and buyer purchase frequency.</em></p><p>[I do think it could be argued that Brazil contributed to this gross order growth, and Shopee&#39;s GMV/gross orders are something to monitor in the years ahead, but the current pricing of the business suggests ecommerce growth will halt in perpetuity, but it is illogical to believe the Shopee would suddenly stop growing when we consider the WMT/HD/COST/WMT analogy and the fact that Shopee has dominated for nearly a decade. It&#39;s the strongest it&#39;s ever been and its domination will likely persist.]</p></blockquote><p>Following the creation of Shopee, in order to enable SE Asian folks to pay via the internet, Sea launched Sea Money (formerly Airpay), which has grown into one of the largest FinTech platforms on earth, with ~60M users.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8867ef7a958c7aed75ae501d59bcbd0b\" alt=\"Sea Q2 2023 Investor Presentation\" title=\"Sea Q2 2023 Investor Presentation\" tg-width=\"640\" tg-height=\"319\"/><span>Sea Q2 2023 Investor Presentation</span></p><p>Notably, all of these business segments are now fundamentally profitable.</p><h3 id=\"id_3666375119\">EC = Ecommerce; DE = Garena; DFS = Sea Money</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7d8b6255b1397c2f661bb8f8c6c0586a\" alt=\"Sea Q2 2023 Investor Presentation\" title=\"Sea Q2 2023 Investor Presentation\" tg-width=\"640\" tg-height=\"460\"/><span>Sea Q2 2023 Investor Presentation</span></p><p>Even accounting for interest, taxes, and depreciation and amortization, Sea generated robust free cash flow in Q2 2023.</p><p>Notably, <strong><em>Sea has done all of this in 10 years.</em></strong></p><p>In only 10 years, Sea has built three exceptionally dominant, platforms that nearly 700M to 1B total people use!</p><p>And these platforms serve these 700M to 1B people <em>profitably!</em></p><p>I mean how much logic and intuition does it require to foresee that Sea is just getting started?</p><p>I do not believe it requires much.</p><p>And I do believe Sea is just getting started, atop robust free cash flow, $7.7B in cash &amp; equivalents; $3.3B in convertible debt, and a very long runway for growth still ahead.</p><h2 id=\"id_1241524940\">Concluding Thoughts: The Skies Will Open Up And The Seas Will Part In Due Course</h2><p>I would invite you to review the &#34;10 Sea Commandments&#34; that I shared at the introduction of this note.</p><p>In my estimation, the investment is extremely easy at these levels.</p><p>I don&#39;t believe the price action is mysterious. We&#39;re experiencing identically what investors experienced in buying each of Sea&#39;s predecessors: Walmart, Amazon, and Lowe&#39;s when these businesses were similarly about 10-15 years old.</p><p>To conclude, Sea currently faces these economic headwinds. Notably, these headwinds will disappear in the years ahead:</p><ol start=\"1\" style=\"\"><li><p><em>The stoppage or cessation of growth for the SE Asian ecommerce market. It grew astronomically in 2020 and 2021 and even into 2022 as SE Asia took longer to remove lockdowns. It&#39;s now basically not growing, and Sea is not growing along with it.</em></p></li><li><p><em>Difficult year over year comps: It&#39;s very hard to grow at 100%+ annualized for multiple consecutive years, just like it&#39;s hard to sprint a 40 yard dash repeatedly. Sea will work through these difficult comps and resume elevated growth eventually.</em></p></li><li><p><em>The fastest rate hiking cycle in American history. The dollar, in many ways, governs growth of the global economic system by way of the dollar &#34;exporting&#34; U.S. monetary policy. The incredible strength of the dollar, created by the fastest interest rate hiking cycle in American history, has served to slow economic growth globally.</em></p></li><li><p><em>China is in a recession and has been. This could make economic conditions in Asia worse than they already are.</em></p></li></ol><p>Eventually, each of these negatives will dissipate, and the skies will open for Sea and the growth of its business.</p><p>I believe it could be an easy, profitable 10 bagger as of today over the next 10 years.</p><p>Thank you for reading, and have a great day.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Limited: Easy To Sea</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\">\nSea Limited: Easy To Sea\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-20 16:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4635848-easy-to-sea><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Approximately every decade or so, the market trades the best businesses to own long term down the most and in quite violent fashion.Over roughly the last century of American capitalism, the market has...</p>\n\n<a href=\"https://seekingalpha.com/article/4635848-easy-to-sea\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4539":"次新股","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4532":"文艺复兴科技持仓","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0082616367.USD":"摩根大通美国科技A（dist）","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","SG9999002620.SGD":"LionGlobal South East Asia SGD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","BK4524":"宅经济概念","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0823411888.USD":"法巴消费创新基金 Cap","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","BK4527":"明星科技股","BK4526":"热门中概股","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","LU0061474960.USD":"天利环球焦点基金AU Acc","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","BK4502":"阿里概念","BK4083":"家庭装潢零售","BK4505":"高瓴资本持仓","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4155":"大卖场与超市","BK4504":"桥水持仓","BK4581":"高盛持仓","BK4085":"互动家庭娱乐","SE":"Sea Ltd","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU0821914370.USD":"贝莱德亚洲成长领袖A2"},"source_url":"https://seekingalpha.com/article/4635848-easy-to-sea","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2368901380","content_text":"Approximately every decade or so, the market trades the best businesses to own long term down the most and in quite violent fashion.Over roughly the last century of American capitalism, the market has demonstrated an especial penchant for doing so to commerce platforms.It did so to Walmart in 1973-74. It did so to Lowe's in the 1980s. It did so to Amazon in the 2000s. It did so to MercadoLibre in 2008-2009.And, today, once again, the market has curiously traded down one of the best commerce platforms on earth in something akin to a fevered, depressive panic.Today, I will quantitatively demonstrate for you the irrationality behind this price action, and, in short, I believe Sea could prove to be a 10-bagger in the decade ahead.It's Easy: Concisely Articulating The Sea ThesisShopee remains the #1 ecommerce platform in SE Asia. It is the only profitable one. Lazada is the #2, and this is a Rocket Internet Startup that existed before Shopee but has since been surpassed by Shopee by a very long shot. Shopee is indisputably the best ecommerce platform in the region, and, again, it's the only profitable platform.In the U.S., Walmart, Amazon, Target, Lowe's, Home Depot, Dollar General, grocery stores, and department stores have all co-existed and created trillions in equity value over the last 75 years.In Latin America, MercadoLibre has co-existed with a host of rivals, including Amazon quite formidably in Latin America, and it has still done very well profitably. Notably, MercadoLibre only has 35% market share of total ecommerce GMV in Latin America, while Sea has 50% in SE Asia; yet there's no fevered panic over MercadoLibre's market share.Sea has $7.7B in cash & equivalents; $3.3B in convertible debt. This is a massive amount of resources with which it can further dominate the aforementioned unprofitable and historically stagnant/inferior competition. Sea also generates robust free cash flow quarterly now alongside its giant liquidity position on its balance sheet.Sea owns Garena, which is now returning to growth. This is like Sea's AWS (AMZN) in a sense, giving it an advantage over rivals. Garena could also experience sales growth in the future, especially in light of Free Fire being unbanned in India recently. Garena produces about $1B in annualized cash flows for the conglomerate.Sea has a FinTech business (Sea Money) with about 60M users on the platform. This alone could be worth $20B to $30B, and Sea currently trades at ~$18B in enterprise value (preposterous in my opinion). This is a rapidly growing, free cash flow generative business that provides core financial infrastructure to SE Asia's digital economy alongside a couple other rivals, including GoPay (GOTO) and OVO (GRAB).SE Asia has a very, very long runway for growth demographically. The region is still in the very early innings of economic growth and development.Sea has demonstrated an ability to successfully and organically (meaning without acquiring) build new products and scale them rapidly. While it's built three incredibly successful franchises over the last decade or so, i.e., Garena (500M+ users and highly profitable), Shopee (#1 ecom platform in SE Asia and only profitable one), and Sea Money (~60M users and profitable), it's highly likely that it creates new and compelling products in the future as well, adding to the 20-30% annualized growth I believe the conglomerate will achieve in the decade ahead, once we emerge from the current rate hiking cycle and Asian economic woes broadly, both of which have served to, on some level, halt the growth of SE Asia's tech sector momentarily.Lastly, SE Asia's demographics are very favorable for sustained, elevated growth for Sea in the decades ahead (depicted below).I believe a 10 bagger over the next 10 years will be seen as base case for the business.SE Asia Ecommerce Has Plateaued But Will Resume Growth In The FutureStatistaWe will discuss this last chart, which I believe to be central to the thesis (i.e., the slowing of SE Asian ecommerce is a near term headwind that will disappear in the future), later in this note.SE Asia Has A Long Runway For Growth And Development Still AheadI understand that the data below is from 2017, but it's worth noting the total digital consumer TAM, as well as the projections for ecommerce growth, validation of which we can see in the ecommerce GMV chart shared just above.Sea Ltd.'s F-1Over the last 5-7 years, Shopee's market share has grown within a rapidly growing ecommerce GMV TAM.In a very worst case scenario, Shopee's market share may shrink, but, in light of the growth of SE Asia's ecommerce TAM, Shopee could very well continue to grow at elevated rates for decades to come.Understanding The Share Price Dynamics For Sea Ltd.I would say there's a number of approaches I could take to illustrate why Sea Ltd. (NYSE:SE) went from trading at $350/share to nearly $35/share as of today.The same number of approaches could be taken in understanding why its retail predecessors, e.g., Walmart (WMT), Lowe's (LOW), or Amazon (AMZN), likewise experienced fairly stunning share price declines early in their lifecycles.Today, I will share with you data that, in my estimation, definitively delineates why Sea and many of the former market darlings have experienced such breathtaking declines over the last 18 months or so.Let's start with the underlying market mechanisms that are not idiosyncratic to Sea. These mechanisms that we will review have created the declines we've seen from businesses like Tesla (TSLA), Affirm (AFRM), Meta (META) and Airbnb (ABNB) over the last 12 months.I've shared the following chart often, but it certainly bears re-sharing and repeating:The Prices Of Equities Overshoot To The Upside And Overshoot To The DownsideTruemind CapitalThis chart is so ubiquitously shared and repeated on the internet for a reason:It represents genuine reality of what you will experience in owning a given business/stock.And we can see these precise dynamics playing out for Sea, as well as Adyen (OTCPK:ADYEY) and many, many other businesses in the market today.Roughly Depicting The True Intrinsic Value Of Sea Based On My Estimation Of The Growth Of Free Cash Flow Per ShareYChartsRoughly Depicting The True Intrinsic Value Of Adyen Based On My Estimation Of The Growth Of Free Cash Flow Per ShareYChartsThe charts align almost perfectly identically with the \"ubiquitously shared teaching chart,\" and this is no coincidence. This is perfectly how the market operates and prices equities.\"As it was in the beginning, is now, and ever shall be, world without end. Amen.\"The market's pricing of equities overshoots to the upside (too much exuberance) and overshoots to the downside (too much despair), and it has done this since the dawn of asset markets. The Great Warren Buffett has the market's behavior in this respect as the behavior of a \"drunken psycho,\" and we can certainly see and, for those that own Sea and Adyen, feel why.Interest Rates & Growth RatesTo delve deeper into the underlying mechanisms driving the, as Mr. Buffett would call them, \"drunken, psychotic\" pricing dynamics of the market, we should consider how interest rates and individual company growth rates have impacted the valuations of Sea and Adyen.When interest rates rise (i.e., the cost of credit in the economy rise), valuations decline, all else being equal (we will consider growth rates and their impact on valuations in a moment).When interest rates decline (i.e., the cost of credit in the economy declines), valuations rise, all else being equal.Below, we can see how a dramatic decline in interest rates created something akin to a \"zero gravity environment\" for the valuation of Sea (I will include Adyen as well to provide further context for this exercise).Sea's Valuation And The 10 Year Treasury RateYChartsAs interest rates have risen at the fastest rate in the history of America, the precise inverse has occurred:Instead of a zero gravity environment for Sea, it has experienced 2x gravity for its valuation and correspondingly its stock price.Visual CapitalistIf we couple this dynamic with the natural tendency of humans in crowds to panic and flee (sell), thereby creating market crashes, we can better understand why Sea's share price has been in free fall, despite reporting a fantastic Q2, in which it generated very healthy free cash flow and GAAP net income, grew sales, remained the #1 and only profitable ecommerce platform in SE Asia, grew its profitable FinTech business, and stabilized/grew its gaming business' users.We will explore Sea's quarter in following sections, but it certainly is worth noting in this valuation exercise that Sea reported an objectively fantastic Q2 2023 earnings. It could not have done better in my eyes.Turning to Adyen, we can see precisely the same valuation dynamics, precipitated by higher interest rates, playing out.Adyen's Valuation And The 10 Year Treasury RateYChartsIn addition to the \"next best alternative\" math associated with higher rates and valuations, meaning that with a higher risk free rate, I require more yield on my equity investment, which suggests I need a lower valuation to buy, higher interest rates slow economic and individual business growth.Because we've experienced the fastest rate hiking cycle in American history and because SE Asia reopened recently, after being locked down for years, ecommerce growth in SE Asia has been tepid relative to the last few years.SE Asia Ecommerce Has Plateaued But Will Resume Growth In The FutureStatistaWe will discuss this last chart, which I believe to be central to the thesis (i.e., the slowing of SE Asian ecommerce is a near term headwind that will disappear in the future), later in this note.Growth Rates & ValuationsOn my recent podcast, I noted that the market should not have priced Sea at $350/share based on 150%+ growth because that growth was unsustainable.That is, in the same way it was improper for the market to price Sea at $350/share based on unsustainably high growth of 150%+, it's now highly likely that it's improper for the market to price Sea at nearly $35/share based on unsustainably low growth of 5%.I would ask the market, \"Do you think, perhaps, after hundreds of percent of ecommerce growth in the span of 24 months, there will be a receding of this demand? Might difficult year over year comps have something to do with the slowing growth? Might the fastest interest rate hiking cycle ever have something to do with slowing growth? Might the China recession have something to do with slowing growth?\"SE Asia Ecommerce Has Plateaued But Will Resume Growth In The FutureStatistaI mean this stuff is not rocket science.Sea Experienced Unsustainably High Growth And Now Unsustainably Low GrowthYChartsThe reality for Sea is that its long term growth rate will land somewhere in the middle, and, as such, its intrinsic value is somewhere in the middle of these two utterly insane extremes.Amazon experienced the identical valuation and growth dynamics in the early 2000s.Amazon Experienced Unsustainably High Growth And Unsustainably Low Growth (Bottoming At 13% in 2001)YChartsTo assign data to the claim that growth will find itself somewhere in the middle, below, we can see that the growth of SE Asia's ecommerce market has plateaued. The growth dynamics presented below align virtually 1 to 1 with Sea's astronomical growth in 2020/2021 and rather depressed growth in 2022 and 2023.SE Asia Ecommerce Sales Annually (Note The Deceleration & Plateau)StatistaThe above data answers my previously posed question,Do you think, perhaps, after hundreds of percent of ecommerce growth in the span of 24 months, there will be a receding of this demand? Might difficult year over year comps have something to do with the slowing growth?More than anything, this is why Sea has experienced such rapidly slowing growth in recent quarters and specifically in Q2 2023.Eventually, SE Asia's ecommerce market and Sea will accelerate revenue growth, and the current panic will look highly misguided, just as pricing the business as if it would grow at 150% annualized for 10 years was highly misguided.Reviewing Sea's Q2 2023 & The Business BroadlyIn our review of Monday's Q2 2023 earnings, I shared the four principle frameworks via which I select businesses to own.I would certainly encourage you to read that review of Monday via the link below:Understanding Monday.com (MNDY)And, indeed, we've employed one of those frameworks in ultimately deciding to own Sea Ltd. Specifically, we used the following framework:Quality cultures that breed innovation within the larger conglomerate: We've often explored the Spawner framework (I'm working on a different name), which entails a company's ability to launch, or spawn, new successful business/product after new successful business/product, creating a nucleus of explosive, compounding sales growth. This is the idea that a business creates a culture in which its employees create new products successfully. With multiple products growing rapidly simultaneously, the business overall grows more rapidly and more durably. Some of my favorite examples that fit within this framework are Axon, Monday, Adyen , Sea, Tesla, Amazon, and MercadoLibre. Indeed, many of our businesses possess this incredible cultural structure, and that is why we've chosen to own them.Sea began as a gaming studio/platform, i.e., Garena, which has produced the globally popular game Free Fire, from which Sea principally generates its ~$1B in cash flows annually.Sea's Garena Platform Key Performance MetricsSea Q2 2023 Investor PresentationAfter successfully building this gaming studio, Sea launched Shopee in 2015.Notably, a major ecommerce platform already existed at the time: Lazada, a former Rocket Internet startup, into which Alibaba (BABA) has poured billions of dollars.Despite Lazada having a head start, Shopee quickly surpassed Lazada and became the undisputed, most dominant ecommerce platform in SE Asia.SE Asia Ecommerce Market Share Data 2022Momentum.AsiaNotably, Sea is the only profitable ecommerce platform in the region, which I believe demonstrates the differentiated nature of the business and the execution thereof.There are many different service points we can touch and also continue to improve. And there are also many cost points that we will continue to improve upon and these are the key competencies, I think that brought us here to the current position of strong market leadership with the lowest cost to serve a platform that allows us to be both market leader, but also profitable and one and only in Southeast Asia so far. I think we will not give up that competitive moat and we'll continue to strengthen that.Yanjun Wang, Chief Corporate Officer, Q2 2023 Sea Earnings CallNotably, Shopee grew ecommerce orders and grew sales at healthy rates in the quarter.Shopee Grew At 28% Year Over Year, Which Is ExceptionalSea Q2 2023 Investor PresentationGross orders increased by more than 10% quarter-on-quarter as a result of growth in both active buyers and buyer purchase frequency.[I do think it could be argued that Brazil contributed to this gross order growth, and Shopee's GMV/gross orders are something to monitor in the years ahead, but the current pricing of the business suggests ecommerce growth will halt in perpetuity, but it is illogical to believe the Shopee would suddenly stop growing when we consider the WMT/HD/COST/WMT analogy and the fact that Shopee has dominated for nearly a decade. It's the strongest it's ever been and its domination will likely persist.]Following the creation of Shopee, in order to enable SE Asian folks to pay via the internet, Sea launched Sea Money (formerly Airpay), which has grown into one of the largest FinTech platforms on earth, with ~60M users.Sea Q2 2023 Investor PresentationNotably, all of these business segments are now fundamentally profitable.EC = Ecommerce; DE = Garena; DFS = Sea MoneySea Q2 2023 Investor PresentationEven accounting for interest, taxes, and depreciation and amortization, Sea generated robust free cash flow in Q2 2023.Notably, Sea has done all of this in 10 years.In only 10 years, Sea has built three exceptionally dominant, platforms that nearly 700M to 1B total people use!And these platforms serve these 700M to 1B people profitably!I mean how much logic and intuition does it require to foresee that Sea is just getting started?I do not believe it requires much.And I do believe Sea is just getting started, atop robust free cash flow, $7.7B in cash & equivalents; $3.3B in convertible debt, and a very long runway for growth still ahead.Concluding Thoughts: The Skies Will Open Up And The Seas Will Part In Due CourseI would invite you to review the \"10 Sea Commandments\" that I shared at the introduction of this note.In my estimation, the investment is extremely easy at these levels.I don't believe the price action is mysterious. We're experiencing identically what investors experienced in buying each of Sea's predecessors: Walmart, Amazon, and Lowe's when these businesses were similarly about 10-15 years old.To conclude, Sea currently faces these economic headwinds. Notably, these headwinds will disappear in the years ahead:The stoppage or cessation of growth for the SE Asian ecommerce market. It grew astronomically in 2020 and 2021 and even into 2022 as SE Asia took longer to remove lockdowns. It's now basically not growing, and Sea is not growing along with it.Difficult year over year comps: It's very hard to grow at 100%+ annualized for multiple consecutive years, just like it's hard to sprint a 40 yard dash repeatedly. Sea will work through these difficult comps and resume elevated growth eventually.The fastest rate hiking cycle in American history. The dollar, in many ways, governs growth of the global economic system by way of the dollar \"exporting\" U.S. monetary policy. The incredible strength of the dollar, created by the fastest interest rate hiking cycle in American history, has served to slow economic growth globally.China is in a recession and has been. This could make economic conditions in Asia worse than they already are.Eventually, each of these negatives will dissipate, and the skies will open for Sea and the growth of its business.I believe it could be an easy, profitable 10 bagger as of today over the next 10 years.Thank you for reading, and have a great day.","news_type":1},"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196473221472272,"gmtCreate":1688987747782,"gmtModify":1688987751749,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Finally...","listText":"Finally...","text":"Finally...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/196473221472272","repostId":"2350132222","repostType":2,"repost":{"id":"2350132222","pubTimestamp":1688986325,"share":"https://ttm.financial/m/news/2350132222?lang=&edition=fundamental","pubTime":"2023-07-10 18:52","market":"us","language":"zh","title":"JMP Securities：上调嘉信理财(SCHW.US)评级至“跑赢大盘” 目标价73美元","url":"https://stock-news.laohu8.com/highlight/detail?id=2350132222","media":"智通财经","summary":"智通财经APP获悉，JMP Securities分析师Devin Ryan将嘉信理财(SCHW.US)的股票评级由“与大盘持平”上调至“跑赢大盘”，目标价为73美元。分析师表示，近期的数据显示，该公司上个季度的现金流有所企稳。分析师认为，对嘉信理财来说，现金方面的不利因素影响最为严重，因此任何企稳迹象都将为其股票估值提供一些“缓解”。分析师还表示，根据该公司第二季度业绩指引，其盈利下滑的情况已经消失。","content":"<html><body><p>智通财经APP获悉，<strong>JMP Securities分析师Devin Ryan将<a href=\"https://laohu8.com/S/SCHW\">嘉信理财</a>(SCHW.US)的股票评级由“与大盘持平”上调至“跑赢大盘”，目标价为73美元。</strong>分析师表示，近期的数据显示，该公司上个季度的现金流有所企稳。分析师认为，对嘉信理财来说，现金方面的不利因素影响最为严重，因此任何企稳迹象都将为其股票估值提供一些“缓解”。分析师还表示，根据该公司第二季度业绩指引，其盈利下滑的情况已经消失。</p></body></html>","source":"stock_zhitongcaijing","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>JMP Securities：上调嘉信理财(SCHW.US)评级至“跑赢大盘” 目标价73美元</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; 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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\">\nJMP Securities：上调嘉信理财(SCHW.US)评级至“跑赢大盘” 目标价73美元\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-10 18:52 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/958197.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，JMP Securities分析师Devin Ryan将嘉信理财(SCHW.US)的股票评级由“与大盘持平”上调至“跑赢大盘”，目标价为73美元。分析师表示，近期的数据显示，该公司上个季度的现金流有所企稳。分析师认为，对嘉信理财来说，现金方面的不利因素影响最为严重，因此任何企稳迹象都将为其股票估值提供一些“缓解”。分析师还表示，根据该公司第二季度业绩指引，其盈利下滑的情况已经...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/958197.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SCHW":"嘉信理财","JMP":"JMP Group"},"source_url":"http://www.zhitongcaijing.com/content/detail/958197.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2350132222","content_text":"智通财经APP获悉，JMP Securities分析师Devin Ryan将嘉信理财(SCHW.US)的股票评级由“与大盘持平”上调至“跑赢大盘”，目标价为73美元。分析师表示，近期的数据显示，该公司上个季度的现金流有所企稳。分析师认为，对嘉信理财来说，现金方面的不利因素影响最为严重，因此任何企稳迹象都将为其股票估值提供一些“缓解”。分析师还表示，根据该公司第二季度业绩指引，其盈利下滑的情况已经消失。","news_type":1},"isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9924223602,"gmtCreate":1672271806006,"gmtModify":1676538662630,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9924223602","repostId":"1179485667","repostType":4,"repost":{"id":"1179485667","pubTimestamp":1672212219,"share":"https://ttm.financial/m/news/1179485667?lang=&edition=fundamental","pubTime":"2022-12-28 15:23","market":"us","language":"en","title":"Google: 5 Reasons To Buy","url":"https://stock-news.laohu8.com/highlight/detail?id=1179485667","media":"Seekingalpha","summary":"Summary1. Google Has A Monopoly On Search.2. Competitive Moat Supports Excellent Profitability.3. Ea","content":"<html><head></head><body><h3>Summary</h3><ul><li>1. Google Has A Monopoly On Search.</li><li>2. Competitive Moat Supports Excellent Profitability.</li><li>3. Earnings Upside.</li><li>4. The Buyback Bonanza Continues.</li><li>5. Google Is Cheaper Than The Market.\\</li></ul><h3>Thesis</h3><p>I remain bullish on Google (NASDAQ:GOOG) (NASDAQ:GOOGL) stock, as I see the weak share price performance in 2022 as a buying opportunity driven by macro concerns. In this article, I highlight five arguments why I believe Google stock should not be missed in an investor’s portfolio: 1) Google has a monopoly on search, 2) competitive moat supports excellent profitability, 3) earnings upside, 4) the buyback bonanza continues, and 5) Google is cheaper than the market.</p><p>For reference, Google stock is down about 38% YTD, as compared to a loss of approximately 20% for the S&amp;P 500 (SP500).</p><h3><img src=\"https://static.tigerbbs.com/bdf7b29cf0b709a394eb383119278c9e\" tg-width=\"640\" tg-height=\"221\" width=\"100%\" height=\"auto\"/>1. Google Has A Monopoly On Search</h3><p>No matter how you dice and slice the market, Google has a monopoly on internet search. According to data compiled by Gs.Statcounter, in 2022 Google enjoyed an 86.46% market share in the US - with similar relative strength across the entire world. Regardless of which language you speak, be it Italian, German or Portuguese, using Google is how you discover information.</p><p>For reference, Bing, which is the second largest search engine in the west (excluding China), has only a market share of 7.84%, and Yahoo! has a market share of less than 3%.</p><p>Although Google&#39;s dominant position in search makes the company vulnerable to anti-trust campaigns, investors should consider that the superiority of Google&#39;s search results and algorithms defend against the argument that Google would block competition and innovation. Or in other words, Google is not a forced monopoly, but a natural one.</p><p><img src=\"https://static.tigerbbs.com/9041863b7b51e6afa6af26f519136434\" tg-width=\"640\" tg-height=\"317\" width=\"100%\" height=\"auto\"/>In addition to information search, Google has also the dominant position in video search and entertainment - with YouTube.As of November 2022, Google&#39;s YouTube ranks as the world&#39;s second most visited website - only behind Google itself. And notably, Google has approximately x7 as many website visits as Facebook - with better engagement and a lower bounce rate.</p><h3><img src=\"https://static.tigerbbs.com/6dfccd50845814a8d9a33b28c914820d\" tg-width=\"640\" tg-height=\"348\" width=\"100%\" height=\"auto\"/>2. Competitive Moat Supports Excellent Profitability</h3><p>With Google&#39;s superior search algorithms and YouTube&#39;s strong network effects based on social connection and content scale, the company has an almost impenetrable competitive moat, which supports excellent profitability. For the trailing twelve months, Google has managed to claim a gross profit margin of 56%, which is 11% higher than what is the median for the technology sector. Google&#39;s respective operating income margin (EBIT reference) was 27.9%, which is a 200% premium to the technology sector median.</p><h3><img src=\"https://static.tigerbbs.com/7201d8bb6e83fae8a14a07cf9de74ff7\" tg-width=\"640\" tg-height=\"426\" width=\"100%\" height=\"auto\"/>3. Earnings Upside</h3><p>Google&#39;s net income for Q3 2022 fell by about 26% year over year, to $18.9 billion. This negative growth certainly pressured bullish confidence. But investors should consider that most of this softer than expected performance is attributable to the macro environment, and a stronger focus on cost discipline going forward could support earnings upside. In that context, Google has already announced cost saving programs and overall more financial discipline.</p><p><img src=\"https://static.tigerbbs.com/98a8619f65188c0089b58b68762dd28a\" tg-width=\"640\" tg-height=\"235\" width=\"100%\" height=\"auto\"/>As the graph below highlights, the strength of the advertising market is clearly correlated to the strength of the economy. But taking a long term perspective, advertising spend remains a growth vertical. Accordingly, Google&#39;s earnings should gradually recover once the macro-environment turns more supportive.</p><h3><img src=\"https://static.tigerbbs.com/383ec595cd33131e416174813370c377\" tg-width=\"640\" tg-height=\"339\" width=\"100%\" height=\"auto\"/>4. The Buyback Bonanza Continues</h3><p>Supported by excellent operating cash flow ($92.8 billion for TTM), investors should consider that Google has repurchased approximately $57.4 billion worth of shares within the trailing twelve months - which implies an equity yield of almost 5% based on a $1.1 trillion billion market capitalization.</p><p>In Q3 alone, Google repurchased $15.4 billion worth of shares. And as long as Google&#39;s operating cash flow remains strong, and shares remain priced attractively, I am confident that the share buyback bonanza can continue (Google still has $86.9 billion of net cash on the balance sheet).</p><h3><img src=\"https://static.tigerbbs.com/266fbf4a14dcb789d39a6086c27f967f\" tg-width=\"640\" tg-height=\"208\" width=\"100%\" height=\"auto\"/>5. Google Is Cheaper Than The Market</h3><p>If an investor would judge a company&#39;s valuation merely based on P/E multiples, then Google - despite the company&#39;s quality - is only slightly more expensive than the S&amp;P 500, priced at a one year forward P/E of approximately x17.5 as compared to x16.7 for the S&amp;P respectively. Note, however, that most companies included in the S&amp;P 500 have a considerable debt position, while Google has almost $90 billion of net cash. Accordingly, Google&#39;s slightly larger earnings multiple is on an unlevered basis actually cheaper than the respective multiple for the S&amp;P 500.</p><p>Moreover, as compared to the FAAMG universe (I do not include Netflix (NFLX)), Google&#39;s P/E of x17.5 is the second lowest, only behind Meta Platforms (META).</p><p>But, as I pointed out previously:</p><blockquote>[merely] looking at [P/E] multiples is a very superficial analysis. And I argue it doesn&#39;t hold much value ...</blockquote><blockquote>... To get an accurate relative multiple comparison, a valuation model should account for a company&#39;s growth. And I argue the PEG ratio does an excellent job to capture the relative tradeoff between a company&#39;s current stock price, current earnings and expected growth. As defined by Investopedia:</blockquote><blockquote>The PEG ratio is used to determine a stock&#39;s value while also factoring in the company&#39;s expected earnings growth, and it is thought to provide a more complete picture than the more standard P/E ratio.</blockquote><blockquote>The PEG ratio is calculated by simply dividing a company&#39;s one-year forward P/E ratio by the 3-year CAGR expectation. To estimate the CAGR expectation, I believe an analyst should anchor on analyst consensus estimates.</blockquote><p>Most notably, Google&#39;s ratio of x1.34 is the second lowest amongst the FAAMG peers and looks very attractive. When compared to the x4.18 PEG for the S&amp;P 500, Google&#39;s valuation looks incredibly cheap.</p><p><img src=\"https://static.tigerbbs.com/3c0287fbe7baaa267adae09134dbeae7\" tg-width=\"640\" tg-height=\"101\" width=\"100%\" height=\"auto\"/>Long term, I remain bullish on Google stock, and I continue to estimate a $156.24/share implied valuation.</p><h3><img src=\"https://static.tigerbbs.com/6250a967ec2fb71a48120057c210d20e\" tg-width=\"640\" tg-height=\"232\" width=\"100%\" height=\"auto\"/>Risks</h3><p>As I see it, there has been no major risk-updated since I have last covered GOOG stock. Thus, I would like to highlight what I have written before:</p><blockquote>First, a worsening macro environment could negatively impact Google&#39;s advertising business. However, I personally see any recessionary impact on advertising as transitory. Perhaps, a recession could even help Google&#39;s advertising business, as marketers are pressured to think about advertising ROI - where search has an undisputed advantage over traditional advertising. With regard to Google&#39;s Cloud business, I do not see any material slowdown as likely - even in a recession.</blockquote><blockquote>Second, investors should monitor competitive forces in the cloud industry. I highlighted Google&#39;s operating margins for cloud are significantly lower than margins for AWS and Azure. Personally, I believe the margin gap will be closed, as Google&#39;s PaaS focus is a high-margin business opportunity. However, as competition amongst Cloud competitors intensifies, there&#39;s reason to doubt that &gt;30% operating margins are unsustainable.</blockquote><blockquote>Third, arguably most of Google&#39;s current share price volatility - especially to the downside - is driven by investor sentiment towards stocks. Thus, it&#39;s likely that Google stock experiences significant volatility even though Google&#39;s business outlook remains unchanged. Furthermore, higher inflation and rising-real yields impact Google&#39;s stock price, as the higher discount rates decrease the net present value of long-dated cash flows.</blockquote><blockquote>Fourth, Alphabet&#39;s size and scale are too difficult to ignore for antitrust officials. While the company has managed to defend past lawsuits in the EU and the U.S., the anti-competition allegations against Alphabet could accelerate. For interested readers, there was an amazing article written by a Seeking Alpha analyst: Google Stock: This Regulatory Pressure Is A Disaster (NASDAQ:GOOG). I highly advise reading the article.</blockquote><p>In addition, I have written a more detailed article on Google&#39;s risk profile here.</p><h3>Conclusion</h3><p>Buying Google stock below $100/share is an excellent deal, in my opinion. And in this article, I highlighted five arguments why I believe Google stock should not be missed in an investor’s portfolio: 1) Google has a monopoly on search, 2) competitive moat supports excellent profitability, 3) earnings upside, 4) the buyback bonanza continues, and 5) Google is cheaper than the market. Google is a Strong Buy.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Google: 5 Reasons To Buy</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\">\nGoogle: 5 Reasons To Buy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-28 15:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4566655-google-stock-5-reasons-buy><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary1. Google Has A Monopoly On Search.2. Competitive Moat Supports Excellent Profitability.3. Earnings Upside.4. The Buyback Bonanza Continues.5. Google Is Cheaper Than The Market.\\ThesisI remain ...</p>\n\n<a href=\"https://seekingalpha.com/article/4566655-google-stock-5-reasons-buy\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌"},"source_url":"https://seekingalpha.com/article/4566655-google-stock-5-reasons-buy","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1179485667","content_text":"Summary1. Google Has A Monopoly On Search.2. Competitive Moat Supports Excellent Profitability.3. Earnings Upside.4. The Buyback Bonanza Continues.5. Google Is Cheaper Than The Market.\\ThesisI remain bullish on Google (NASDAQ:GOOG) (NASDAQ:GOOGL) stock, as I see the weak share price performance in 2022 as a buying opportunity driven by macro concerns. In this article, I highlight five arguments why I believe Google stock should not be missed in an investor’s portfolio: 1) Google has a monopoly on search, 2) competitive moat supports excellent profitability, 3) earnings upside, 4) the buyback bonanza continues, and 5) Google is cheaper than the market.For reference, Google stock is down about 38% YTD, as compared to a loss of approximately 20% for the S&P 500 (SP500).1. Google Has A Monopoly On SearchNo matter how you dice and slice the market, Google has a monopoly on internet search. According to data compiled by Gs.Statcounter, in 2022 Google enjoyed an 86.46% market share in the US - with similar relative strength across the entire world. Regardless of which language you speak, be it Italian, German or Portuguese, using Google is how you discover information.For reference, Bing, which is the second largest search engine in the west (excluding China), has only a market share of 7.84%, and Yahoo! has a market share of less than 3%.Although Google's dominant position in search makes the company vulnerable to anti-trust campaigns, investors should consider that the superiority of Google's search results and algorithms defend against the argument that Google would block competition and innovation. Or in other words, Google is not a forced monopoly, but a natural one.In addition to information search, Google has also the dominant position in video search and entertainment - with YouTube.As of November 2022, Google's YouTube ranks as the world's second most visited website - only behind Google itself. And notably, Google has approximately x7 as many website visits as Facebook - with better engagement and a lower bounce rate.2. Competitive Moat Supports Excellent ProfitabilityWith Google's superior search algorithms and YouTube's strong network effects based on social connection and content scale, the company has an almost impenetrable competitive moat, which supports excellent profitability. For the trailing twelve months, Google has managed to claim a gross profit margin of 56%, which is 11% higher than what is the median for the technology sector. Google's respective operating income margin (EBIT reference) was 27.9%, which is a 200% premium to the technology sector median.3. Earnings UpsideGoogle's net income for Q3 2022 fell by about 26% year over year, to $18.9 billion. This negative growth certainly pressured bullish confidence. But investors should consider that most of this softer than expected performance is attributable to the macro environment, and a stronger focus on cost discipline going forward could support earnings upside. In that context, Google has already announced cost saving programs and overall more financial discipline.As the graph below highlights, the strength of the advertising market is clearly correlated to the strength of the economy. But taking a long term perspective, advertising spend remains a growth vertical. Accordingly, Google's earnings should gradually recover once the macro-environment turns more supportive.4. The Buyback Bonanza ContinuesSupported by excellent operating cash flow ($92.8 billion for TTM), investors should consider that Google has repurchased approximately $57.4 billion worth of shares within the trailing twelve months - which implies an equity yield of almost 5% based on a $1.1 trillion billion market capitalization.In Q3 alone, Google repurchased $15.4 billion worth of shares. And as long as Google's operating cash flow remains strong, and shares remain priced attractively, I am confident that the share buyback bonanza can continue (Google still has $86.9 billion of net cash on the balance sheet).5. Google Is Cheaper Than The MarketIf an investor would judge a company's valuation merely based on P/E multiples, then Google - despite the company's quality - is only slightly more expensive than the S&P 500, priced at a one year forward P/E of approximately x17.5 as compared to x16.7 for the S&P respectively. Note, however, that most companies included in the S&P 500 have a considerable debt position, while Google has almost $90 billion of net cash. Accordingly, Google's slightly larger earnings multiple is on an unlevered basis actually cheaper than the respective multiple for the S&P 500.Moreover, as compared to the FAAMG universe (I do not include Netflix (NFLX)), Google's P/E of x17.5 is the second lowest, only behind Meta Platforms (META).But, as I pointed out previously:[merely] looking at [P/E] multiples is a very superficial analysis. And I argue it doesn't hold much value ...... To get an accurate relative multiple comparison, a valuation model should account for a company's growth. And I argue the PEG ratio does an excellent job to capture the relative tradeoff between a company's current stock price, current earnings and expected growth. As defined by Investopedia:The PEG ratio is used to determine a stock's value while also factoring in the company's expected earnings growth, and it is thought to provide a more complete picture than the more standard P/E ratio.The PEG ratio is calculated by simply dividing a company's one-year forward P/E ratio by the 3-year CAGR expectation. To estimate the CAGR expectation, I believe an analyst should anchor on analyst consensus estimates.Most notably, Google's ratio of x1.34 is the second lowest amongst the FAAMG peers and looks very attractive. When compared to the x4.18 PEG for the S&P 500, Google's valuation looks incredibly cheap.Long term, I remain bullish on Google stock, and I continue to estimate a $156.24/share implied valuation.RisksAs I see it, there has been no major risk-updated since I have last covered GOOG stock. Thus, I would like to highlight what I have written before:First, a worsening macro environment could negatively impact Google's advertising business. However, I personally see any recessionary impact on advertising as transitory. Perhaps, a recession could even help Google's advertising business, as marketers are pressured to think about advertising ROI - where search has an undisputed advantage over traditional advertising. With regard to Google's Cloud business, I do not see any material slowdown as likely - even in a recession.Second, investors should monitor competitive forces in the cloud industry. I highlighted Google's operating margins for cloud are significantly lower than margins for AWS and Azure. Personally, I believe the margin gap will be closed, as Google's PaaS focus is a high-margin business opportunity. However, as competition amongst Cloud competitors intensifies, there's reason to doubt that >30% operating margins are unsustainable.Third, arguably most of Google's current share price volatility - especially to the downside - is driven by investor sentiment towards stocks. Thus, it's likely that Google stock experiences significant volatility even though Google's business outlook remains unchanged. Furthermore, higher inflation and rising-real yields impact Google's stock price, as the higher discount rates decrease the net present value of long-dated cash flows.Fourth, Alphabet's size and scale are too difficult to ignore for antitrust officials. While the company has managed to defend past lawsuits in the EU and the U.S., the anti-competition allegations against Alphabet could accelerate. For interested readers, there was an amazing article written by a Seeking Alpha analyst: Google Stock: This Regulatory Pressure Is A Disaster (NASDAQ:GOOG). I highly advise reading the article.In addition, I have written a more detailed article on Google's risk profile here.ConclusionBuying Google stock below $100/share is an excellent deal, in my opinion. And in this article, I highlighted five arguments why I believe Google stock should not be missed in an investor’s portfolio: 1) Google has a monopoly on search, 2) competitive moat supports excellent profitability, 3) earnings upside, 4) the buyback bonanza continues, and 5) Google is cheaper than the market. Google is a Strong Buy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":529,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9920083534,"gmtCreate":1670393907128,"gmtModify":1676538359467,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9920083534","repostId":"2289168271","repostType":2,"repost":{"id":"2289168271","pubTimestamp":1670392294,"share":"https://ttm.financial/m/news/2289168271?lang=&edition=fundamental","pubTime":"2022-12-07 13:51","market":"us","language":"en","title":"Nasdaq Bear Market: 2 Once-In-a-Decade Buying Opportunities for Growth Stock Investors","url":"https://stock-news.laohu8.com/highlight/detail?id=2289168271","media":"Motley Fool","summary":"Investors have a rare opportunity to buy these growth stocks on sale.","content":"<html><head></head><body><p>Warren Buffett once said: &#34;All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.&#34; That advice is especially relevant right now. The <b>Nasdaq Composite</b> has slipped into a bear market, and many stocks have fallen sharply during the downturn.</p><p>For instance, <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> and <a href=\"https://laohu8.com/S/NFLX\">Netflix</a> have seen their share prices plunge 26% and 54%, respectively, marking their worst declines of the past decade. That could also mean that investors have a once-in-a-decade buying opportunity. Here&#39;s why the future looks bright for both businesses.</p><h2>Microsoft: Best software company in the world</h2><p>Microsoft ranks as the fourth-most-valuable brand on the planet, according to Brand Finance, and it was recognized as the best global software company by G2 based on strong market presence and user satisfaction. Windows is the most popular operating system across personal computers and data center servers. Microsoft 365 is the most popular enterprise application suite of any kind, and it includes a number of industry-leading software tools that address a broad range of use cases, such as office productivity, cybersecurity, communications, and business analytics.</p><p>Microsoft Azure is the second-largest cloud computing platform in terms of market share. It accounted for 22% of cloud infrastructure spend in the most recent quarter, and its focus on developer tools, machine learning services, and hybrid cloud solutions should help the company maintain its momentum in the coming years.</p><p>Microsoft is not immune to economic headwinds. High inflation has led to weak PC demand and reduced ad budgets, and management expects those trends to weigh on its Windows and ad tech businesses in the near term. But Microsoft still delivered solid financial results over the past year. Revenue increased 15% to $203 billion and free cash flow climbed 5% to $63 billion.</p><p>Going forward, Microsoft is well-positioned to deliver double-digit revenue growth through the end of the decade. According to Grand View Research, cloud computing spending will grow at 16% annually to reach $1.6 trillion by 2030, while cybersecurity spend will grow at 12% annually to reach $500 billion over the same period.</p><p>Microsoft shares currently trade at 27 times earnings, a discount compared to the five-year average of about 35. That&#39;s why this growth stock is a buy.</p><h2>Netflix: Most popular streaming service in the world</h2><p>Over the past year, streaming giant Netflix has ranked among the 10 worst-performing stocks in the <b>Nasdaq-100</b> index. Several factors contributed to that fall from grace. Most notably, the company lost subscribers in the first and second quarters, and revenue has decelerated in each quarter since the beginning of 2021. But those troubles can be traced back to economic turbulence.</p><p>High inflation has muted consumer spending, putting pressure on Netflix&#39;s ability to add new subscribers. That dynamic coupled with unfavorable foreign exchange rates has suppressed financial growth. For instance, Netflix reported 6% revenue growth in the third quarter, but revenue increased 13% on a currency neutral basis. Fortunately, the challenging economic environment is a temporary problem, and it does not change the long-term investment thesis.</p><p>Despite an onslaught of competition, Netflix remains the most popular streaming service by almost any metric. It was the most downloaded video streaming app worldwide during the first half of the year, according to Apptopia. Netflix held over 40% global market share in demand for original content in the third quarter, according to Parrot Analytics. And it currently owns eight of the top 10 original streaming programs in the U.S., and six of the top 10 streaming movies in the U.S., according to <b>Nielsen</b>.</p><p>In other words, Netflix is engaging viewers more effectively than its competition, and that puts the company in a great spot. Netflix recently debuted a less expensive ad-supported streaming plan, a move that significantly expands its total addressable market. According to eMarketer, the subscription video market will grow at 7% annually to reach $118 billion by 2027, but the online video advertising market will grow at 14% annually to reach $362 billion by 2027.</p><p>Management says the new ad-supported offering &#34;will lead to a significant incremental revenue and profit stream.&#34; And with the shares trading at 4.6 times sales -- a bargain compared to the five-year average of 8.5 -- it&#39;s worth buying a few shares of this growth stock.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq Bear Market: 2 Once-In-a-Decade Buying Opportunities for Growth Stock Investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq Bear Market: 2 Once-In-a-Decade Buying Opportunities for Growth Stock Investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-07 13:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/12/05/nasdaq-bear-market-2-once-in-a-decade-buys/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Warren Buffett once said: \"All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.\" That advice is especially relevant right now. ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/12/05/nasdaq-bear-market-2-once-in-a-decade-buys/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞","MSFT":"微软"},"source_url":"https://www.fool.com/investing/2022/12/05/nasdaq-bear-market-2-once-in-a-decade-buys/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2289168271","content_text":"Warren Buffett once said: \"All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.\" That advice is especially relevant right now. The Nasdaq Composite has slipped into a bear market, and many stocks have fallen sharply during the downturn.For instance, Microsoft and Netflix have seen their share prices plunge 26% and 54%, respectively, marking their worst declines of the past decade. That could also mean that investors have a once-in-a-decade buying opportunity. Here's why the future looks bright for both businesses.Microsoft: Best software company in the worldMicrosoft ranks as the fourth-most-valuable brand on the planet, according to Brand Finance, and it was recognized as the best global software company by G2 based on strong market presence and user satisfaction. Windows is the most popular operating system across personal computers and data center servers. Microsoft 365 is the most popular enterprise application suite of any kind, and it includes a number of industry-leading software tools that address a broad range of use cases, such as office productivity, cybersecurity, communications, and business analytics.Microsoft Azure is the second-largest cloud computing platform in terms of market share. It accounted for 22% of cloud infrastructure spend in the most recent quarter, and its focus on developer tools, machine learning services, and hybrid cloud solutions should help the company maintain its momentum in the coming years.Microsoft is not immune to economic headwinds. High inflation has led to weak PC demand and reduced ad budgets, and management expects those trends to weigh on its Windows and ad tech businesses in the near term. But Microsoft still delivered solid financial results over the past year. Revenue increased 15% to $203 billion and free cash flow climbed 5% to $63 billion.Going forward, Microsoft is well-positioned to deliver double-digit revenue growth through the end of the decade. According to Grand View Research, cloud computing spending will grow at 16% annually to reach $1.6 trillion by 2030, while cybersecurity spend will grow at 12% annually to reach $500 billion over the same period.Microsoft shares currently trade at 27 times earnings, a discount compared to the five-year average of about 35. That's why this growth stock is a buy.Netflix: Most popular streaming service in the worldOver the past year, streaming giant Netflix has ranked among the 10 worst-performing stocks in the Nasdaq-100 index. Several factors contributed to that fall from grace. Most notably, the company lost subscribers in the first and second quarters, and revenue has decelerated in each quarter since the beginning of 2021. But those troubles can be traced back to economic turbulence.High inflation has muted consumer spending, putting pressure on Netflix's ability to add new subscribers. That dynamic coupled with unfavorable foreign exchange rates has suppressed financial growth. For instance, Netflix reported 6% revenue growth in the third quarter, but revenue increased 13% on a currency neutral basis. Fortunately, the challenging economic environment is a temporary problem, and it does not change the long-term investment thesis.Despite an onslaught of competition, Netflix remains the most popular streaming service by almost any metric. It was the most downloaded video streaming app worldwide during the first half of the year, according to Apptopia. Netflix held over 40% global market share in demand for original content in the third quarter, according to Parrot Analytics. And it currently owns eight of the top 10 original streaming programs in the U.S., and six of the top 10 streaming movies in the U.S., according to Nielsen.In other words, Netflix is engaging viewers more effectively than its competition, and that puts the company in a great spot. Netflix recently debuted a less expensive ad-supported streaming plan, a move that significantly expands its total addressable market. According to eMarketer, the subscription video market will grow at 7% annually to reach $118 billion by 2027, but the online video advertising market will grow at 14% annually to reach $362 billion by 2027.Management says the new ad-supported offering \"will lead to a significant incremental revenue and profit stream.\" And with the shares trading at 4.6 times sales -- a bargain compared to the five-year average of 8.5 -- it's worth buying a few shares of this growth stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987005156,"gmtCreate":1667775527075,"gmtModify":1676537959886,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MELI\">$MercadoLibre(MELI)$</a>Bullish","listText":"<a href=\"https://ttm.financial/S/MELI\">$MercadoLibre(MELI)$</a>Bullish","text":"$MercadoLibre(MELI)$Bullish","images":[{"img":"https://community-static.tradeup.com/news/7992cc33fb28b8c7aae5cdb6a7e4e6aa","width":"1284","height":"2538"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9987005156","isVote":1,"tweetType":1,"viewCount":498,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9987002412,"gmtCreate":1667775460537,"gmtModify":1676537959867,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MELI\">$MercadoLibre(MELI)$</a>Bullish","listText":"<a href=\"https://ttm.financial/S/MELI\">$MercadoLibre(MELI)$</a>Bullish","text":"$MercadoLibre(MELI)$Bullish","images":[{"img":"https://community-static.tradeup.com/news/bd87e64ab744912a21865662eb9664e3","width":"1125","height":"2166"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987002412","isVote":1,"tweetType":1,"viewCount":157,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9989639532,"gmtCreate":1665982024526,"gmtModify":1676537687440,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9989639532","repostId":"2275499673","repostType":2,"repost":{"id":"2275499673","pubTimestamp":1665976013,"share":"https://ttm.financial/m/news/2275499673?lang=&edition=fundamental","pubTime":"2022-10-17 11:06","market":"us","language":"en","title":"Nasdaq Bear Market: 5 Colossal Growth Stocks You'll Regret Not Buying On the Dip","url":"https://stock-news.laohu8.com/highlight/detail?id=2275499673","media":"Motley Fool","summary":"These game-changing stocks are begging to be bought following a 34% plunge in the Nasdaq Composite.","content":"<html><head></head><body><p>When the curtain eventually closes on 2022, it&#39;ll undoubtedly go down as one of the most challenging years for investors in decades. The <b>S&amp;P 500</b>, which is often looked to as the best gauge of the stock market&#39;s health, delivered its worst first-half return since 1970 and has plunged as much as 26% from its all-time high, set in January.</p><p>Things have been even worse for the technology stock-driven <b>Nasdaq Composite</b> (^IXIC -3.08%). The index responsible for leading the broader market to new highs has plummeted as much as 34%, through Oct. 10, 2022. That places the Nasdaq firmly in the grips of a bear market.</p><p>But there&#39;s good news amid this chaos. Historically, every double-digit percentage decline in the major U.S. stock indexes, including the Nasdaq, has eventually been placed in the rearview mirror by a bull market rally. This makes every bear market a surefire buying opportunity for patient investors.</p><p>It&#39;s an especially smart time to consider buying some of the beaten-down growth stocks whose innovations will be shaping the future. What follows are five colossal growth stocks you&#39;ll regret not buying during the Nasdaq bear market dip.</p><h2><a href=\"https://laohu8.com/S/V\">Visa</a></h2><p>The first spectacular growth stock that&#39;ll have investors kicking themselves if they don&#39;t buy it on the Nasdaq bear market dip is payment processor <b>Visa</b> (V -1.10%). Although Visa is cyclical and all signs point to U.S. and global growth slowing, this is a company that has both numbers and competitive advantages on its side.</p><p>Though cyclical stocks like Visa are prone to weakness when consumer and enterprise spending slows, it&#39;s important to recognize that periods of contraction don&#39;t last very long. Comparatively, economic expansions are almost always measured in years. Buying and holding a payment powerhouse like Visa allows long-term investors to take advantage of disproportionately long periods of expansion.</p><p>Opportunities abound domestically and abroad for Visa. This is a company that controlled 54% of credit card network purchasing volume in the U.S. in 2020 -- the U.S. is the world&#39;s leading market for consumption. It also has the capacity to organically or acquisitively expand its payment network into underbanked regions of the world. Since most global transactions are still being conducted with cash, Visa has a growth runway that could conservatively span decades.</p><p>Another reason for Visa&#39;s success is the fiscal prudence of its management team. Visa strictly acts as a payment processor and avoids lending. In doing so, it sidesteps the loan delinquencies and inevitable charge-offs that crop up during economic contractions and recessions. Not having to set aside capital is a big advantage that helps Visa bounce back from recessions faster than most financial stocks.</p><h2><a href=\"https://laohu8.com/S/AVGO\">Broadcom</a></h2><p>Semiconductor solutions specialist <b>Broadcom</b> (AVGO) is the second superb growth stock you&#39;ll regret not buying as the Nasdaq plunges. Though semiconductor stocks are contending with the fears of a cyclical downturn, Broadcom has catalysts in place that should lessen this short-term pain.</p><p>For instance, Broadcom&#39;s biggest catalyst, the 5G revolution, should be fairly insulated from a possible recession. It&#39;s been about a decade since telecom companies dramatically improved wireless download speeds. Given that wireless/smartphone access has practically evolved into a basic necessity, we should witness an ongoing device replacement cycle through mid-decade. That&#39;s great news for Broadcom, which generates most of its revenue from the wireless chips and accessories found in next-generation smartphones.</p><p>Additionally, Broadcom can benefit from its ancillary sales channels. In the wake of the COVID-19 pandemic, businesses have been moving their data online and into the cloud at an accelerated pace. Broadcom is a supplier of connectivity and access chips used in data centers. The more data that moves into the cloud, the more demand there is for connectivity and access chips.</p><p>Broadcom also ended 2021 with a historically high backlog of $14.9 billion. These orders should buffer its operating cash flow in the event the U.S. or global economy skids into a recession.</p><h2><a href=\"https://laohu8.com/S/ISRG\">Intuitive Surgical</a></h2><p>The third colossal growth stock begging to be bought during the Nasdaq bear market dip is robotic-assisted surgical systems developer <b>Intuitive Surgical</b> (ISRG). While Intuitive Surgical has seen some optional surgical procedures get postponed as a result of the COVID-19 pandemic, the company&#39;s market share and operating model make it a no-brainer buy.</p><p>Through the midpoint of 2022, Intuitive Surgical had installed 7,135 of its da Vinci surgical systems in hospitals and surgical centers worldwide. This might not sound like a particularly large number, but it&#39;s far and away more than any of its competitors.</p><p>To build on this point, these da Vinci systems are pricey -- often $0.5 million to $2.5 million. Taking into account the cost to buy these systems and the time-consuming training given to surgeons who use them, hospitals and surgical centers are highly unlikely to switch to a competitor once the da Vinci system has been purchased.</p><p>But the best thing about Intuitive Surgical just might be its razor-and-blades operating model. The &#34;razor-and-blades&#34; model gets a customer hooked with a generally lower-margin product (the razor) that uses high-margin replacement parts (the blades). In Intuitive Surgical&#39;s case, its da Vinci surgical systems are the razor, and the instruments sold with each procedure, along with the servicing done on these systems, are the blades. As more da Vinci systems are installed, the revenue pendulum swings ever more toward the company&#39;s higher-margin channels.</p><h2><a href=\"https://laohu8.com/S/OKTA\">Okta</a></h2><p>A fourth supercharged growth stock that you&#39;ll regret not adding on the Nasdaq bear market dip is cybersecurity company <b>Okta</b> (OKTA). Despite Okta&#39;s bottom-line results failing to impress Wall Street, the company&#39;s long-term catalysts remain unchanged.</p><p>On a macro basis, cybersecurity has become a basic necessity service for businesses of all sizes. No matter how well or poorly the stock market or U.S. economy perform, robots and hackers are always going to try to steal sensitive data. Having software in place to protect all facets of that data has become paramount.</p><p>What makes Okta so special is the company&#39;s cloud-native identity verification platform. Okta is reliant on machine-learning software to become more efficient at recognizing and responding to potential threats. With a cloud-native platform that should be superior to on-premises identity verification solutions, Okta looks to gobble up its piece of what it deems to be an $80 billion addressable market.</p><p>Perhaps the biggest game-changer for Okta is its $6.5 billion acquisition of Auth0, which closed last year. Although integration snafus and combination-related expenses have widened Okta&#39;s losses over the past couple of quarters, the purchase of Auth0 more importantly broadens the company&#39;s reach to international markets. Furthermore, it expands Okta&#39;s potential pool of customers and fosters more cross-selling opportunities.</p><h2><a href=\"https://laohu8.com/S/AMZN\">Amazon</a></h2><p>The fifth colossal growth stock you&#39;ll regret not buying on the Nasdaq bear market dip is none other than FAANG stock <b>Amazon</b> (AMZN -5.00%). Despite concerns that a weaker U.S. and global economy could weigh on the company&#39;s online sales, the operating segments that really matter for Amazon continue to fire on all cylinders.</p><p>Most people are familiar with Amazon because of its dominant online marketplace. According to a March 2022 report from eMarketer, Amazon should account for 39.5% of all U.S. online retail sales this year. But even though retail sales make up the bulk of Amazon&#39;s revenue, online retail is a low-margin segment. The true key to Amazon&#39;s growth is its higher-margin operating segments.</p><p>For instance, the popularity of Amazon&#39;s marketplace helped the company sign up more than 200 million Prime members globally, as of April 2021. This figure has likely moved a lot higher, especially with Amazon gaining the exclusive rights to <i>Thursday Night Football</i>. Subscription services have grown into a $35 billion annual run-rate segment for the company.</p><p>What&#39;s more, Amazon Web Services (AWS) is the world&#39;s top cloud infrastructure service provider.  Cloud-service margins are <i>considerably</i> higher than online retail margins, and cloud-service growth is still in its very early innings. Despite accounting for only a sixth of Amazon&#39;s net sales, AWS regularly produces half or more of the company&#39;s operating income.</p><p>AWS, subscription services, and even advertising services are the keys to tripling Amazon&#39;s operating cash flow over the next four years.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq Bear Market: 5 Colossal Growth Stocks You'll Regret Not Buying On the Dip</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\">\nNasdaq Bear Market: 5 Colossal Growth Stocks You'll Regret Not Buying On the Dip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-17 11:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/10/15/nasdaq-bear-market-5-growth-stocks-regret-not-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When the curtain eventually closes on 2022, it'll undoubtedly go down as one of the most challenging years for investors in decades. The S&P 500, which is often looked to as the best gauge of the ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/10/15/nasdaq-bear-market-5-growth-stocks-regret-not-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ISRG":"直觉外科公司","V":"Visa","AMZN":"亚马逊","AVGO":"博通","OKTA":"Okta Inc."},"source_url":"https://www.fool.com/investing/2022/10/15/nasdaq-bear-market-5-growth-stocks-regret-not-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2275499673","content_text":"When the curtain eventually closes on 2022, it'll undoubtedly go down as one of the most challenging years for investors in decades. The S&P 500, which is often looked to as the best gauge of the stock market's health, delivered its worst first-half return since 1970 and has plunged as much as 26% from its all-time high, set in January.Things have been even worse for the technology stock-driven Nasdaq Composite (^IXIC -3.08%). The index responsible for leading the broader market to new highs has plummeted as much as 34%, through Oct. 10, 2022. That places the Nasdaq firmly in the grips of a bear market.But there's good news amid this chaos. Historically, every double-digit percentage decline in the major U.S. stock indexes, including the Nasdaq, has eventually been placed in the rearview mirror by a bull market rally. This makes every bear market a surefire buying opportunity for patient investors.It's an especially smart time to consider buying some of the beaten-down growth stocks whose innovations will be shaping the future. What follows are five colossal growth stocks you'll regret not buying during the Nasdaq bear market dip.VisaThe first spectacular growth stock that'll have investors kicking themselves if they don't buy it on the Nasdaq bear market dip is payment processor Visa (V -1.10%). Although Visa is cyclical and all signs point to U.S. and global growth slowing, this is a company that has both numbers and competitive advantages on its side.Though cyclical stocks like Visa are prone to weakness when consumer and enterprise spending slows, it's important to recognize that periods of contraction don't last very long. Comparatively, economic expansions are almost always measured in years. Buying and holding a payment powerhouse like Visa allows long-term investors to take advantage of disproportionately long periods of expansion.Opportunities abound domestically and abroad for Visa. This is a company that controlled 54% of credit card network purchasing volume in the U.S. in 2020 -- the U.S. is the world's leading market for consumption. It also has the capacity to organically or acquisitively expand its payment network into underbanked regions of the world. Since most global transactions are still being conducted with cash, Visa has a growth runway that could conservatively span decades.Another reason for Visa's success is the fiscal prudence of its management team. Visa strictly acts as a payment processor and avoids lending. In doing so, it sidesteps the loan delinquencies and inevitable charge-offs that crop up during economic contractions and recessions. Not having to set aside capital is a big advantage that helps Visa bounce back from recessions faster than most financial stocks.BroadcomSemiconductor solutions specialist Broadcom (AVGO) is the second superb growth stock you'll regret not buying as the Nasdaq plunges. Though semiconductor stocks are contending with the fears of a cyclical downturn, Broadcom has catalysts in place that should lessen this short-term pain.For instance, Broadcom's biggest catalyst, the 5G revolution, should be fairly insulated from a possible recession. It's been about a decade since telecom companies dramatically improved wireless download speeds. Given that wireless/smartphone access has practically evolved into a basic necessity, we should witness an ongoing device replacement cycle through mid-decade. That's great news for Broadcom, which generates most of its revenue from the wireless chips and accessories found in next-generation smartphones.Additionally, Broadcom can benefit from its ancillary sales channels. In the wake of the COVID-19 pandemic, businesses have been moving their data online and into the cloud at an accelerated pace. Broadcom is a supplier of connectivity and access chips used in data centers. The more data that moves into the cloud, the more demand there is for connectivity and access chips.Broadcom also ended 2021 with a historically high backlog of $14.9 billion. These orders should buffer its operating cash flow in the event the U.S. or global economy skids into a recession.Intuitive SurgicalThe third colossal growth stock begging to be bought during the Nasdaq bear market dip is robotic-assisted surgical systems developer Intuitive Surgical (ISRG). While Intuitive Surgical has seen some optional surgical procedures get postponed as a result of the COVID-19 pandemic, the company's market share and operating model make it a no-brainer buy.Through the midpoint of 2022, Intuitive Surgical had installed 7,135 of its da Vinci surgical systems in hospitals and surgical centers worldwide. This might not sound like a particularly large number, but it's far and away more than any of its competitors.To build on this point, these da Vinci systems are pricey -- often $0.5 million to $2.5 million. Taking into account the cost to buy these systems and the time-consuming training given to surgeons who use them, hospitals and surgical centers are highly unlikely to switch to a competitor once the da Vinci system has been purchased.But the best thing about Intuitive Surgical just might be its razor-and-blades operating model. The \"razor-and-blades\" model gets a customer hooked with a generally lower-margin product (the razor) that uses high-margin replacement parts (the blades). In Intuitive Surgical's case, its da Vinci surgical systems are the razor, and the instruments sold with each procedure, along with the servicing done on these systems, are the blades. As more da Vinci systems are installed, the revenue pendulum swings ever more toward the company's higher-margin channels.OktaA fourth supercharged growth stock that you'll regret not adding on the Nasdaq bear market dip is cybersecurity company Okta (OKTA). Despite Okta's bottom-line results failing to impress Wall Street, the company's long-term catalysts remain unchanged.On a macro basis, cybersecurity has become a basic necessity service for businesses of all sizes. No matter how well or poorly the stock market or U.S. economy perform, robots and hackers are always going to try to steal sensitive data. Having software in place to protect all facets of that data has become paramount.What makes Okta so special is the company's cloud-native identity verification platform. Okta is reliant on machine-learning software to become more efficient at recognizing and responding to potential threats. With a cloud-native platform that should be superior to on-premises identity verification solutions, Okta looks to gobble up its piece of what it deems to be an $80 billion addressable market.Perhaps the biggest game-changer for Okta is its $6.5 billion acquisition of Auth0, which closed last year. Although integration snafus and combination-related expenses have widened Okta's losses over the past couple of quarters, the purchase of Auth0 more importantly broadens the company's reach to international markets. Furthermore, it expands Okta's potential pool of customers and fosters more cross-selling opportunities.AmazonThe fifth colossal growth stock you'll regret not buying on the Nasdaq bear market dip is none other than FAANG stock Amazon (AMZN -5.00%). Despite concerns that a weaker U.S. and global economy could weigh on the company's online sales, the operating segments that really matter for Amazon continue to fire on all cylinders.Most people are familiar with Amazon because of its dominant online marketplace. According to a March 2022 report from eMarketer, Amazon should account for 39.5% of all U.S. online retail sales this year. But even though retail sales make up the bulk of Amazon's revenue, online retail is a low-margin segment. The true key to Amazon's growth is its higher-margin operating segments.For instance, the popularity of Amazon's marketplace helped the company sign up more than 200 million Prime members globally, as of April 2021. This figure has likely moved a lot higher, especially with Amazon gaining the exclusive rights to Thursday Night Football. Subscription services have grown into a $35 billion annual run-rate segment for the company.What's more, Amazon Web Services (AWS) is the world's top cloud infrastructure service provider.  Cloud-service margins are considerably higher than online retail margins, and cloud-service growth is still in its very early innings. Despite accounting for only a sixth of Amazon's net sales, AWS regularly produces half or more of the company's operating income.AWS, subscription services, and even advertising services are the keys to tripling Amazon's operating cash flow over the next four years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":651,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917717778,"gmtCreate":1665586790494,"gmtModify":1676537632153,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917717778","repostId":"1166781049","repostType":4,"repost":{"id":"1166781049","pubTimestamp":1665583393,"share":"https://ttm.financial/m/news/1166781049?lang=&edition=fundamental","pubTime":"2022-10-12 22:03","market":"us","language":"en","title":"Microsoft: Throwing Out Good Money","url":"https://stock-news.laohu8.com/highlight/detail?id=1166781049","media":"Seeking Alpha","summary":"SummaryMicrosoft's sell-off is picking up momentum. Within this crescendo, we acknowledge that the b","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Microsoft&#39;s sell-off is picking up momentum. Within this crescendo, we acknowledge that the bear has got us.</li><li>Yet, why analysts need to further downwards revise their fiscal 2023 estimates needs to be understood.</li><li>A discussion of the guidance from different global companies and how this paints the underlying reality of what Microsoft&#39;s upcoming earnings will be like.</li><li>A reminiscence of the dot-com bubble and what applicable lessons we should derive.</li><li>4 helpful tips to think through this investment period.</li></ul><p><b>Investment Thesis</b></p><p>Microsoft (NASDAQ: MSFT) is down more than 30% from its recent highs. In fact, Microsoft&#39;s sell-off has picked up momentum and is down more than 20% in about 6 weeks. This is the momentum that future textbooks will write about!</p><p>I explain where I see an echo of the dotcom bust. While pressing ahead and arguing that analysts are incapable or unwilling to read the room. That Microsoft&#39;s EPS consensus numbers need to come down.</p><p>At the same time driving home the point that the time <i>to be bullish on Microsoft is now</i>.</p><p>Finally, I offer practical tips to think about the present investment environment.</p><p><b>Reminiscence of a Previous Bust</b></p><p>When I started investing, I read about the dot-com bust. I thought to myself, how would have felt? What would I have done during those moments?</p><p>I read how all my value investing idols had different coping strategies. As I plowed through countless <i>graphs that reflected the carnage</i> that tech was left in. And from that experience, I drew up my own versions of what I would have done.</p><p>And what I observed time and time again, was that the most painful aspect of the whole sell-off was the bear market rallies. The bear rallies would have killed me off. And that&#39;s exactly what I believe kills off the investor.</p><p>It&#39;s not necessarily the bear market but the sharp rallies off the bottom that draw you back in, only to grind lower. It&#39;s that consistent tearing and mowing of investors&#39; capital, and alongside that lack of enthusiasm to throw good money after bad money is what I remember about the dot-com bust.</p><p>What&#39;s Happening Right Now?</p><p>When a bear market starts, it starts slow. There&#39;s just some air let out as too many people price anchor to the price they witnessed just a few weeks ago. There&#39;s not a widely enough accepted recognition that the fundamental dynamics have changed. And slowly but surely, more and more people wake up out of a trance.</p><p>At first, there&#39;s inaction. Then, a few people buy a few dips along the way. Then, as things progressed the buy-and-hold crew is unwilling to do anything. Indeed, the whole definition of buy and hold is that the group sticks to their guns.</p><p>But as Microsoft starts dropping more than 25% from its previous highs, there&#39;s a sudden mass awaking. And people start asking difficult questions about their stock investment. And it&#39;s at that point, that investors start to sell out.</p><p>It&#39;s that mass awakening, that mass selling, that typifies the final stretch of the bear market. The indiscriminate selling.</p><p>However, I believe that if there was a time to sell out of Microsoft, that time has now gone. This is not the time to be selling! And here&#39;s what one should instead be thinking about.</p><p>Thinking Ahead, What&#39;s Next?<img src=\"https://static.tigerbbs.com/ce83076d4ccff6ba90d4aa6ba1d38a9c\" tg-width=\"640\" tg-height=\"227\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>MSFT revenue consensus estimates</p><p>Here&#39;s what we see above. The red arrow points to the summer when indications that the inflation was more persistent than investors originally believed. And you can see that fiscal Q1 2023 (upcoming earnings) has been downwards revised, and that makes sense.</p><p>What I do believe that analysts are missing, is that the next twelve months need to be <i>downwards revised more</i>. Why?</p><p>Because everywhere we look, from FedEx (FDX), ServiceNow (NOW), AMD (AMD), and Micron (MU), all these broad global companies have offered recent guidance and they unanimously describe the challenging backdrop in supplies, from inflation, or in cloud enterprise spending. The writing is on the wall.</p><p><b>Embracing Reality</b></p><p>The reason why analysts have failed to adjust later quarterly revenue estimates is that there&#39;s an unplaced belief that the impact of a potential recession will not significantly affect enterprise companies. After all, particularly large enterprises are the companies that are best capitalized to withstand turbulence.</p><p>However, I believe that even if they are able to withstand turbulence, they are not recession-proof.</p><p>Consequently, I argue that analysts are going to be forced to downwards revise fiscal Q2 2023 (ends December 2022) and fiscal Q3 2023 (ends March 2023) revenue estimates.</p><p>And at this stage, you&#39;ll take a pause and think, &#34;I thought you were bullish&#34; on Microsoft. And this is my thesis, that Street needs to start downwards revising its revenue consensus more aggressively in order to regain credibility.</p><p>Presently, there&#39;s an unwillingness to be too ahead of the curve, to acknowledge reality. There&#39;s no point in taking career risk. But we know from those large global companies mentioned above that things are coming to a standstill outside, it&#39;s not difficult to read the room.</p><p><b>MSFT Stock Valuation - 25x This Year&#39;s EPS</b></p><p>Here&#39;s what I believe is a likely scenario. Microsoft&#39;s fiscal 2023 (ends June 2023) EPS will end up lower around 5% to 10%, than current estimates.</p><p>Let&#39;s say 10% for the purposes of our discussion. That implies that Microsoft&#39;s EPS would come in at $9.14 rather than $10.16 which is the current estimate.</p><p>That would put Microsoft at 25x this year&#39;s EPS. Now, I won&#39;t pretend to argue that I find this multiple particularly cheap, I don&#39;t!</p><p>Yet, here are two reasons why I think this is an attractive time to get in.</p><p>Firstly, I&#39;ve downwards revised Microsoft&#39;s EPS estimates to adjust for the new reality that&#39;s underway.</p><p>Secondly, I recognize that Microsoft customers, enterprises, from around the world, will be the first areas to bounce back after a recessionary period.</p><p>And herein is the appeal of investing in Microsoft, it&#39;s a toll bridge on the digitalization of the world.</p><p><b>Key Takeaway: How to Invest, Back to Basics</b></p><p>When it comes to investing in bear markets, there are 4 things that are important to acknowledge.</p><ul><li>The final part of the bear market, that moment of final capitulation is a necessity for ending the bear market.</li><li>That final rinsing out <i>of all</i> investor enthusiasm is the most painful part.</li><li>The absolute bottom doesn&#39;t stay there for too long.</li><li>Nobody rings a bell to inform you that now is the time to get in.</li></ul><p>As we look at Microsoft today, it feels like throwing money down the sink. However, after considering these 4 elements, what you are left with is a period that lasts around 3 or 6 months of throwing good money after bad money.</p><p>But each time one sticks to the process of dollar cost averaging, one can be sure that the average price will work out favorably when we come out at the other end onto the next bull market.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft: Throwing Out Good Money</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: Throwing Out Good Money\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-12 22:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4546089-microsoft-throwing-out-good-money><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryMicrosoft's sell-off is picking up momentum. Within this crescendo, we acknowledge that the bear has got us.Yet, why analysts need to further downwards revise their fiscal 2023 estimates needs ...</p>\n\n<a href=\"https://seekingalpha.com/article/4546089-microsoft-throwing-out-good-money\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://seekingalpha.com/article/4546089-microsoft-throwing-out-good-money","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166781049","content_text":"SummaryMicrosoft's sell-off is picking up momentum. Within this crescendo, we acknowledge that the bear has got us.Yet, why analysts need to further downwards revise their fiscal 2023 estimates needs to be understood.A discussion of the guidance from different global companies and how this paints the underlying reality of what Microsoft's upcoming earnings will be like.A reminiscence of the dot-com bubble and what applicable lessons we should derive.4 helpful tips to think through this investment period.Investment ThesisMicrosoft (NASDAQ: MSFT) is down more than 30% from its recent highs. In fact, Microsoft's sell-off has picked up momentum and is down more than 20% in about 6 weeks. This is the momentum that future textbooks will write about!I explain where I see an echo of the dotcom bust. While pressing ahead and arguing that analysts are incapable or unwilling to read the room. That Microsoft's EPS consensus numbers need to come down.At the same time driving home the point that the time to be bullish on Microsoft is now.Finally, I offer practical tips to think about the present investment environment.Reminiscence of a Previous BustWhen I started investing, I read about the dot-com bust. I thought to myself, how would have felt? What would I have done during those moments?I read how all my value investing idols had different coping strategies. As I plowed through countless graphs that reflected the carnage that tech was left in. And from that experience, I drew up my own versions of what I would have done.And what I observed time and time again, was that the most painful aspect of the whole sell-off was the bear market rallies. The bear rallies would have killed me off. And that's exactly what I believe kills off the investor.It's not necessarily the bear market but the sharp rallies off the bottom that draw you back in, only to grind lower. It's that consistent tearing and mowing of investors' capital, and alongside that lack of enthusiasm to throw good money after bad money is what I remember about the dot-com bust.What's Happening Right Now?When a bear market starts, it starts slow. There's just some air let out as too many people price anchor to the price they witnessed just a few weeks ago. There's not a widely enough accepted recognition that the fundamental dynamics have changed. And slowly but surely, more and more people wake up out of a trance.At first, there's inaction. Then, a few people buy a few dips along the way. Then, as things progressed the buy-and-hold crew is unwilling to do anything. Indeed, the whole definition of buy and hold is that the group sticks to their guns.But as Microsoft starts dropping more than 25% from its previous highs, there's a sudden mass awaking. And people start asking difficult questions about their stock investment. And it's at that point, that investors start to sell out.It's that mass awakening, that mass selling, that typifies the final stretch of the bear market. The indiscriminate selling.However, I believe that if there was a time to sell out of Microsoft, that time has now gone. This is not the time to be selling! And here's what one should instead be thinking about.Thinking Ahead, What's Next?MSFT revenue consensus estimatesHere's what we see above. The red arrow points to the summer when indications that the inflation was more persistent than investors originally believed. And you can see that fiscal Q1 2023 (upcoming earnings) has been downwards revised, and that makes sense.What I do believe that analysts are missing, is that the next twelve months need to be downwards revised more. Why?Because everywhere we look, from FedEx (FDX), ServiceNow (NOW), AMD (AMD), and Micron (MU), all these broad global companies have offered recent guidance and they unanimously describe the challenging backdrop in supplies, from inflation, or in cloud enterprise spending. The writing is on the wall.Embracing RealityThe reason why analysts have failed to adjust later quarterly revenue estimates is that there's an unplaced belief that the impact of a potential recession will not significantly affect enterprise companies. After all, particularly large enterprises are the companies that are best capitalized to withstand turbulence.However, I believe that even if they are able to withstand turbulence, they are not recession-proof.Consequently, I argue that analysts are going to be forced to downwards revise fiscal Q2 2023 (ends December 2022) and fiscal Q3 2023 (ends March 2023) revenue estimates.And at this stage, you'll take a pause and think, \"I thought you were bullish\" on Microsoft. And this is my thesis, that Street needs to start downwards revising its revenue consensus more aggressively in order to regain credibility.Presently, there's an unwillingness to be too ahead of the curve, to acknowledge reality. There's no point in taking career risk. But we know from those large global companies mentioned above that things are coming to a standstill outside, it's not difficult to read the room.MSFT Stock Valuation - 25x This Year's EPSHere's what I believe is a likely scenario. Microsoft's fiscal 2023 (ends June 2023) EPS will end up lower around 5% to 10%, than current estimates.Let's say 10% for the purposes of our discussion. That implies that Microsoft's EPS would come in at $9.14 rather than $10.16 which is the current estimate.That would put Microsoft at 25x this year's EPS. Now, I won't pretend to argue that I find this multiple particularly cheap, I don't!Yet, here are two reasons why I think this is an attractive time to get in.Firstly, I've downwards revised Microsoft's EPS estimates to adjust for the new reality that's underway.Secondly, I recognize that Microsoft customers, enterprises, from around the world, will be the first areas to bounce back after a recessionary period.And herein is the appeal of investing in Microsoft, it's a toll bridge on the digitalization of the world.Key Takeaway: How to Invest, Back to BasicsWhen it comes to investing in bear markets, there are 4 things that are important to acknowledge.The final part of the bear market, that moment of final capitulation is a necessity for ending the bear market.That final rinsing out of all investor enthusiasm is the most painful part.The absolute bottom doesn't stay there for too long.Nobody rings a bell to inform you that now is the time to get in.As we look at Microsoft today, it feels like throwing money down the sink. However, after considering these 4 elements, what you are left with is a period that lasts around 3 or 6 months of throwing good money after bad money.But each time one sticks to the process of dollar cost averaging, one can be sure that the average price will work out favorably when we come out at the other end onto the next bull market.","news_type":1},"isVote":1,"tweetType":1,"viewCount":314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917715643,"gmtCreate":1665586389483,"gmtModify":1676537632031,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917715643","repostId":"2274152632","repostType":2,"isVote":1,"tweetType":1,"viewCount":503,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917211606,"gmtCreate":1665530051506,"gmtModify":1676537620252,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9917211606","repostId":"1181552964","repostType":4,"repost":{"id":"1181552964","pubTimestamp":1665529467,"share":"https://ttm.financial/m/news/1181552964?lang=&edition=fundamental","pubTime":"2022-10-12 07:04","market":"us","language":"en","title":"Meta Debuts $1,500 VR Headset Targeting Working Professionals","url":"https://stock-news.laohu8.com/highlight/detail?id=1181552964","media":"Bloomberg","summary":"The Quest Pro is the latest device in Zuckerberg’s metaverse pursuitMeta Quest Pro Source: MetaMeta ","content":"<html><head></head><body><p>The Quest Pro is the latest device in Zuckerberg’s metaverse pursuit</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b1594287c89427ac7309ec8be2438c5c\" tg-width=\"1000\" tg-height=\"551\" width=\"100%\" height=\"auto\"/><span>Meta Quest Pro Source: Meta</span></p><p>Meta Platforms Inc. unveiled its newest virtual-reality headset on Tuesday, a foray into the world of high-end VR devices designed to entice creators and working professionals to adopt Mark Zuckerberg’s vision for an immersive digital future.</p><p>The Meta Quest Pro is the company’s latest offering in a product line previously branded as Oculus. The Quest Pro includes a number of technological advancements from the company’s Quest 2 headset, which was launched in late 2020.</p><p>The new headset is also much pricier than its predecessor — it will cost $1,500, or three times the price of the Quest 2, in part because the company is targeting more serious working professionals. With the new device, Facebook parent Meta is seeking to transcend the notion that VR is primarily the realm of gamers, an effort to broaden its audience. Meta’s Quest 2 headset has sold an estimated 15 million units.</p><p>“It’s work-focused,” Meta Chief Executive Officer Zuckerberg told a small group of reporters in late September. “The ideal customers for this [are] gonna be either people who just want the highest-end VR device — so enthusiasts, prosumer type folks — or people who are trying to get work done.”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4dee0059cc989178dbbccd95bbddbf65\" tg-width=\"1000\" tg-height=\"577\" width=\"100%\" height=\"auto\"/><span>Multitasking with the Meta Quest ProSource: Meta</span></p><p>Some of the Quest Pro’s new features are built for this work-focused audience, and would be particularly useful for people taking meetings in VR while working remotely. The device includes face- and eye-tracking, which can be used to humanize avatars so that conversations in VR feel more personal. It also has what Meta calls a “full-color mixed realityexperience,” which uses cameras on the outside of the headset to let people see the world around them and overlay graphics while wearing the device. (The Quest 2 also has this mixed reality feature, but only in black and white.)</p><p>Meta is also launching new “self-tracking” controllers alongside its new headset, which means each controller has built-in sensors that can “track their position in 3D space independent ofthe headset,” according to Meta’s blog post about the product.</p><p>Meta and Zuckerberg have been teasing the Quest Pro for months, and many of the gadget’s details leaked ahead of Tuesday’s announcement at the company’s annual Connect conference. Still, Meta’s research in developing virtual and augmented reality headsets is key to plans for the so-called metaverse, an immersive version of the internet where Zuckerberg hopes people will eventually work and play.</p><p>Someday users may access the metaverse as digital avatars through devices like the Quest Pro, and eventually through augmented reality glasses intended to look like ordinary reading spectacles. That vision is still far off — and costing Meta tens of billions of dollars in the interim. The company said investments in its Reality Labs division, which is responsible for building the metaverse, cut operating profits by $10 billion in 2021.  Meta’s shares have tumbled more than 60% this year.</p><p>For now Meta is promoting the Quest Pro as an important tool for working remotely, and is teaming up with Microsoft Corp. to offer Microsoft Teams and Microsoft 365 office-productivity software on the new devices. Microsoft CEO Satya Nadella appeared on video alongside Zuckerberg Tuesday announcing the partnership and promoting the new headset, saying, “we are going through a once-in-a-lifetime change in how we work.”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1b68201c433089a2ccfa534bdcc1c77d\" tg-width=\"1000\" tg-height=\"625\" width=\"100%\" height=\"auto\"/><span>Meta Quest Pro Source: Meta</span></p><p>Despite buy-in from some of the world’s biggest tech companies, many observers have raised doubts as to whether Zuckerberg’s vision is even possible. After the CEO recently posted a picture of his own avatar to his Facebook page, he was mocked ruthlessly by people who felt the image looked amateur. He quickly ordered up a more advanced version, and Meta is creating much more sophisticated looking avatars than the one Zuckerberg initially posted. For one thing, some of the new avatars have legs as Zuckerberg demoed them Tuesday — a notable change from previous ones that drew ridicule for looking like floating cartoon torsos.</p><p>Meta is building other technology besides headsets that will play into this vision. While some advances, like the full-color mixed reality and facial-tracking technology, are already available, a lot of the innovations are much further off. That category includes things like easy-to-use 3D scanning so people can photograph or take a video of personal items and quickly upload digital versions of those items to a virtual world. It also includes improved spatial audio so that conversations happening in the metaverse will have the same acoustic feel as those in real life.</p><p>The company is working on a wristband that can detect neurological signals in humans and turn those signals into outputs on a digital screen. The technology essentially turns the human hand into a remote control, a helpful tool when trying to operate a pair of smart glasses.</p><p>Zuckerberg demonstrated this technology to a group of reporters late last month from one of the company’s office buildings near Seattle. The wristband is bulky right now, he acknowledged, but eventually he thinks it will be stylish enough that people always wear it to control the devices around them.</p><p>“I think in the future people will use this to control their phones and computers and all this other stuff,” he said. “You’ll just have a little band around your wrist.”</p><p>“It’s not that far off.” He added. “It’s not this year, but it’s not that far off.”</p><p>The Quest Pro goes on sale starting Tuesday and Meta will begin shipping it on Oct. 25.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Debuts $1,500 VR Headset Targeting Working Professionals</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\">\nMeta Debuts $1,500 VR Headset Targeting Working Professionals\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-12 07:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-10-11/meta-announces-1-500-quest-pro-virtual-reality-headset?srnd=technology-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Quest Pro is the latest device in Zuckerberg’s metaverse pursuitMeta Quest Pro Source: MetaMeta Platforms Inc. unveiled its newest virtual-reality headset on Tuesday, a foray into the world of ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-10-11/meta-announces-1-500-quest-pro-virtual-reality-headset?srnd=technology-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc."},"source_url":"https://www.bloomberg.com/news/articles/2022-10-11/meta-announces-1-500-quest-pro-virtual-reality-headset?srnd=technology-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181552964","content_text":"The Quest Pro is the latest device in Zuckerberg’s metaverse pursuitMeta Quest Pro Source: MetaMeta Platforms Inc. unveiled its newest virtual-reality headset on Tuesday, a foray into the world of high-end VR devices designed to entice creators and working professionals to adopt Mark Zuckerberg’s vision for an immersive digital future.The Meta Quest Pro is the company’s latest offering in a product line previously branded as Oculus. The Quest Pro includes a number of technological advancements from the company’s Quest 2 headset, which was launched in late 2020.The new headset is also much pricier than its predecessor — it will cost $1,500, or three times the price of the Quest 2, in part because the company is targeting more serious working professionals. With the new device, Facebook parent Meta is seeking to transcend the notion that VR is primarily the realm of gamers, an effort to broaden its audience. Meta’s Quest 2 headset has sold an estimated 15 million units.“It’s work-focused,” Meta Chief Executive Officer Zuckerberg told a small group of reporters in late September. “The ideal customers for this [are] gonna be either people who just want the highest-end VR device — so enthusiasts, prosumer type folks — or people who are trying to get work done.”Multitasking with the Meta Quest ProSource: MetaSome of the Quest Pro’s new features are built for this work-focused audience, and would be particularly useful for people taking meetings in VR while working remotely. The device includes face- and eye-tracking, which can be used to humanize avatars so that conversations in VR feel more personal. It also has what Meta calls a “full-color mixed realityexperience,” which uses cameras on the outside of the headset to let people see the world around them and overlay graphics while wearing the device. (The Quest 2 also has this mixed reality feature, but only in black and white.)Meta is also launching new “self-tracking” controllers alongside its new headset, which means each controller has built-in sensors that can “track their position in 3D space independent ofthe headset,” according to Meta’s blog post about the product.Meta and Zuckerberg have been teasing the Quest Pro for months, and many of the gadget’s details leaked ahead of Tuesday’s announcement at the company’s annual Connect conference. Still, Meta’s research in developing virtual and augmented reality headsets is key to plans for the so-called metaverse, an immersive version of the internet where Zuckerberg hopes people will eventually work and play.Someday users may access the metaverse as digital avatars through devices like the Quest Pro, and eventually through augmented reality glasses intended to look like ordinary reading spectacles. That vision is still far off — and costing Meta tens of billions of dollars in the interim. The company said investments in its Reality Labs division, which is responsible for building the metaverse, cut operating profits by $10 billion in 2021.  Meta’s shares have tumbled more than 60% this year.For now Meta is promoting the Quest Pro as an important tool for working remotely, and is teaming up with Microsoft Corp. to offer Microsoft Teams and Microsoft 365 office-productivity software on the new devices. Microsoft CEO Satya Nadella appeared on video alongside Zuckerberg Tuesday announcing the partnership and promoting the new headset, saying, “we are going through a once-in-a-lifetime change in how we work.”Meta Quest Pro Source: MetaDespite buy-in from some of the world’s biggest tech companies, many observers have raised doubts as to whether Zuckerberg’s vision is even possible. After the CEO recently posted a picture of his own avatar to his Facebook page, he was mocked ruthlessly by people who felt the image looked amateur. He quickly ordered up a more advanced version, and Meta is creating much more sophisticated looking avatars than the one Zuckerberg initially posted. For one thing, some of the new avatars have legs as Zuckerberg demoed them Tuesday — a notable change from previous ones that drew ridicule for looking like floating cartoon torsos.Meta is building other technology besides headsets that will play into this vision. While some advances, like the full-color mixed reality and facial-tracking technology, are already available, a lot of the innovations are much further off. That category includes things like easy-to-use 3D scanning so people can photograph or take a video of personal items and quickly upload digital versions of those items to a virtual world. It also includes improved spatial audio so that conversations happening in the metaverse will have the same acoustic feel as those in real life.The company is working on a wristband that can detect neurological signals in humans and turn those signals into outputs on a digital screen. The technology essentially turns the human hand into a remote control, a helpful tool when trying to operate a pair of smart glasses.Zuckerberg demonstrated this technology to a group of reporters late last month from one of the company’s office buildings near Seattle. The wristband is bulky right now, he acknowledged, but eventually he thinks it will be stylish enough that people always wear it to control the devices around them.“I think in the future people will use this to control their phones and computers and all this other stuff,” he said. “You’ll just have a little band around your wrist.”“It’s not that far off.” He added. “It’s not this year, but it’s not that far off.”The Quest Pro goes on sale starting Tuesday and Meta will begin shipping it on Oct. 25.","news_type":1},"isVote":1,"tweetType":1,"viewCount":577,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917826461,"gmtCreate":1665479138253,"gmtModify":1676537613744,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917826461","repostId":"1180253771","repostType":4,"repost":{"id":"1180253771","pubTimestamp":1665476431,"share":"https://ttm.financial/m/news/1180253771?lang=&edition=fundamental","pubTime":"2022-10-11 16:20","market":"us","language":"en","title":"Paypal Stock: Why Does Wall Street Rate This Fintech Play a “Strong Buy”?","url":"https://stock-news.laohu8.com/highlight/detail?id=1180253771","media":"TipRanks","summary":"Story HighlightsPaypal stock continues to be under pressure due to macro challenges. However, Wall S","content":"<div>\n<p>Story HighlightsPaypal stock continues to be under pressure due to macro challenges. However, Wall Street remains bullish on this fintech giant based on its massive user base and the rising adoption ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/paypal-nasdaqpypl-stock-why-does-wall-street-rate-this-fintech-play-a-strong-buy\">Web Link</a>\n\n</div>\n","source":"lsy1606183248679","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>Paypal Stock: Why Does Wall Street Rate This Fintech Play a “Strong Buy”?</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\">\nPaypal Stock: Why Does Wall Street Rate This Fintech Play a “Strong Buy”?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-11 16:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/paypal-nasdaqpypl-stock-why-does-wall-street-rate-this-fintech-play-a-strong-buy><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsPaypal stock continues to be under pressure due to macro challenges. However, Wall Street remains bullish on this fintech giant based on its massive user base and the rising adoption ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/paypal-nasdaqpypl-stock-why-does-wall-street-rate-this-fintech-play-a-strong-buy\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal"},"source_url":"https://www.tipranks.com/news/article/paypal-nasdaqpypl-stock-why-does-wall-street-rate-this-fintech-play-a-strong-buy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180253771","content_text":"Story HighlightsPaypal stock continues to be under pressure due to macro challenges. However, Wall Street remains bullish on this fintech giant based on its massive user base and the rising adoption of digital payments.Leading fintech stock Paypal (NASDAQ:PYPL), like several other growth stocks, has declined significantly this year due to bearish sentiment in the broader market amid rising interest rates. Moreover, investors are concerned that sky-high inflation and a potential recession could slow down consumer spending, impacting Paypal’s growth over the near term. However, most Wall Street analysts are bullish on Paypal stock based on the growing adoption of digital payments and the rise in e-commerce penetration over the long term.Paypal shares fell 6.3% on October 10 due to heavy criticism of the company’s policy change that would impose a $2,500 charge on users for “misinformation.” However, the company rolled back its policy update to exclude the misinformation part and clarified that it would not be implementing any such fine. Including yesterday’s decline, PYPL stock has plunged 55.2% so far this year.Robust Growth ProspectsPaypal’s growth rate has moderated over recent quarters, with e-commerce sales slowing down following the reopening of the economy. That said,the company’s Q2 performance topped analysts’ expectations.Total Payment Volume (TPV) increased 9% year-over-year to $339.8 billion in the second quarter. The TPV processed by Venmo, Paypal’s peer-to-peer payment platform, increased by 6% to $61.4 billion. The company ended the quarter with 429 million active accounts, reflecting an increase of 6%. Overall, Paypal generated operating cash flow of $1.5 billion in Q2, up 12% year-over-year.Looking ahead, Paypal is focused on strengthening its namesake and Venmo digital wallets, the core Checkout business, its Braintree payment platform, and expanding in growth areas like buy now, pay later. The company is also cutting down on expenses amid a tough business environment. Paypal expects its productivity initiatives to generate $900 million in cost savings in 2022 and at least $1.3 billion in 2023.What is the Target Price for Paypal Stock?Recently, Canaccord Genuity analystJoseph Vafireiterated a Buy rating and a price target of $160 on Paypal stock, highlighting a potential positive catalyst with Pay with Venmo expected to be launched on Amazon (AMZN) in the fourth quarter.Vafi stated, “With nearly 40% eCommerce market share in the US, Amazon remains the clear untapped greenfield for PayPal domestically.” Based on his analysis, Vafi estimates that the Venmo launch on Amazon could generate incremental growth of 0.3% to 2.7% in revenue and 0.9% to 6.7% in EPS, respectively, on a full run rate, annualized basis.Overall, consensus among analysts is a Strong Buy based on 24 Buys versus seven Holds. The average Paypal stock price target of $120.82 implies nearly 43% upside potential from current levels.Conclusion – Paypal is a Strong Fintech Play for the Long HaulRising interest rates and a potential recession might continue to impact Paypal’s near-term performance. That said, despite increasing competition in the fintech space, Paypal is well positioned to capture further market share driven by its extensive customer base, innovative solutions, and the rapid adoption of digital payments.Moreover, activist investor Elliott Management’s interest in Paypal would help the company focus on improving its profitability.","news_type":1},"isVote":1,"tweetType":1,"viewCount":225,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9934068314,"gmtCreate":1663162436938,"gmtModify":1676537217075,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9934068314","repostId":"1180337717","repostType":4,"repost":{"id":"1180337717","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":1663157608,"share":"https://ttm.financial/m/news/1180337717?lang=&edition=fundamental","pubTime":"2022-09-14 20:13","market":"us","language":"en","title":"Starbucks Raised to $100; SoFi Raised to $9｜Price Target Changes","url":"https://stock-news.laohu8.com/highlight/detail?id=1180337717","media":"Benzinga","summary":"Barclays raised the price target on Starbucks Corporation from $96 to $100. Barclays analyst Jeffrey","content":"<html><head></head><body><p>Barclays raised the price target on <b>Starbucks Corporation</b> from $96 to $100. Barclays analyst Jeffrey Bernstein maintained the stock with an Overweight rating. Starbucks shares rose 1.6% to $89.21 in pre-market trading.</p><p>Cowen &amp; Co. cut <b>Avantor, Inc.</b> price target from $39 to $28. Cowen &amp; Co. analyst Dan Brennan downgraded the stock from Outperform to Market Perform. Avantor shares fell 1.1% to $23.46 in pre-market trading.</p><p>B of A Securities raised <b>SoFi Technologies, Inc.</b> price target from $8 to $9. B of A Securities analyst Mihir Bhatia also upgraded the stock from Neutral to Buy. SoFi Technologies shares rose 3.1% to $6.02 in pre-market trading.</p><p>Goldman Sachs boosted <b>Constellation Energy Corporation</b> price target from $74 to $94. Goldman Sachs analyst Michael Lapides maintained a Buy rating on the stock. Constellation Energy shares fell 2% to close at $86.38 on Tuesday.</p><p>RBC Capital cut <b>TaskUs, Inc.</b> price target from $36 to $26. RBC Capital analyst Daniel Perlin maintained the stock with an Outperform. TaskUs fell 5.2% to $17.22 in pre-market trading.</p><p>Credit Suisse lowered <b>TD SYNNEX Corporation</b> price target from $115 to $110. Credit Suisse analyst Shannon Cross maintained a Neutral rating on the stock. TD SYNNEX shares fell 5.5% to close at $92.66 on Tuesday.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Starbucks Raised to $100; SoFi Raised to $9｜Price Target Changes</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\">\nStarbucks Raised to $100; SoFi Raised to $9｜Price Target Changes\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\">2022-09-14 20:13</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Barclays raised the price target on <b>Starbucks Corporation</b> from $96 to $100. Barclays analyst Jeffrey Bernstein maintained the stock with an Overweight rating. Starbucks shares rose 1.6% to $89.21 in pre-market trading.</p><p>Cowen &amp; Co. cut <b>Avantor, Inc.</b> price target from $39 to $28. Cowen &amp; Co. analyst Dan Brennan downgraded the stock from Outperform to Market Perform. Avantor shares fell 1.1% to $23.46 in pre-market trading.</p><p>B of A Securities raised <b>SoFi Technologies, Inc.</b> price target from $8 to $9. B of A Securities analyst Mihir Bhatia also upgraded the stock from Neutral to Buy. SoFi Technologies shares rose 3.1% to $6.02 in pre-market trading.</p><p>Goldman Sachs boosted <b>Constellation Energy Corporation</b> price target from $74 to $94. Goldman Sachs analyst Michael Lapides maintained a Buy rating on the stock. Constellation Energy shares fell 2% to close at $86.38 on Tuesday.</p><p>RBC Capital cut <b>TaskUs, Inc.</b> price target from $36 to $26. RBC Capital analyst Daniel Perlin maintained the stock with an Outperform. TaskUs fell 5.2% to $17.22 in pre-market trading.</p><p>Credit Suisse lowered <b>TD SYNNEX Corporation</b> price target from $115 to $110. Credit Suisse analyst Shannon Cross maintained a Neutral rating on the stock. TD SYNNEX shares fell 5.5% to close at $92.66 on Tuesday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNX":"新聚思","SBUX":"星巴克","CEG":"Constellation Energy Corp","AVTR":"Avantor, Inc.","TASK":"TaskUs Inc.","SOFI":"SoFi Technologies Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180337717","content_text":"Barclays raised the price target on Starbucks Corporation from $96 to $100. Barclays analyst Jeffrey Bernstein maintained the stock with an Overweight rating. Starbucks shares rose 1.6% to $89.21 in pre-market trading.Cowen & Co. cut Avantor, Inc. price target from $39 to $28. Cowen & Co. analyst Dan Brennan downgraded the stock from Outperform to Market Perform. Avantor shares fell 1.1% to $23.46 in pre-market trading.B of A Securities raised SoFi Technologies, Inc. price target from $8 to $9. B of A Securities analyst Mihir Bhatia also upgraded the stock from Neutral to Buy. SoFi Technologies shares rose 3.1% to $6.02 in pre-market trading.Goldman Sachs boosted Constellation Energy Corporation price target from $74 to $94. Goldman Sachs analyst Michael Lapides maintained a Buy rating on the stock. Constellation Energy shares fell 2% to close at $86.38 on Tuesday.RBC Capital cut TaskUs, Inc. price target from $36 to $26. RBC Capital analyst Daniel Perlin maintained the stock with an Outperform. TaskUs fell 5.2% to $17.22 in pre-market trading.Credit Suisse lowered TD SYNNEX Corporation price target from $115 to $110. Credit Suisse analyst Shannon Cross maintained a Neutral rating on the stock. TD SYNNEX shares fell 5.5% to close at $92.66 on Tuesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9935667805,"gmtCreate":1663082893607,"gmtModify":1676537199607,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9935667805","repostId":"1189570916","repostType":4,"repost":{"id":"1189570916","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":1663080528,"share":"https://ttm.financial/m/news/1189570916?lang=&edition=fundamental","pubTime":"2022-09-13 22:48","market":"us","language":"en","title":"Stock Sell-Off Deepens, Dow Drops 800 Points Following Hot Inflation Report","url":"https://stock-news.laohu8.com/highlight/detail?id=1189570916","media":"Tiger Newspress","summary":"Stocks fell sharply on Tuesday after a keyAugust inflation reportcame in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve.The Dow Jones Industri","content":"<html><head></head><body><p>Stocks fell sharply on Tuesday after a keyAugust inflation reportcame in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve.</p><p>The Dow Jones Industrial Average slid 818 points, or 2.5%. The S&amp;P 500 dropped 2.9%, and the Nasdaq Composite sank 3.6%.</p><p>More than 490 stocks in the S&amp;P 500 fell, with Facebook-parent Meta dropping 7.6% and Caesars Entertainment losing 6.7%.</p><p>The August consumer price index report showed a higher-than-expected reading for inflation. Headline inflation rose 0.1% month over month, even with falling gas prices. Core inflation rose 0.6% month over month. On a year-over-year basis, inflation was 8.3%.</p><p>Economists surveyed by Dow Jones had been expecting a decline of 0.1% for overall inflation, with a rise of 0.3% for core inflation.</p><p>The report is one of the last the Fed will see ahead of their Sept. 20-21 meeting, where the central bank is expected to deliver theirthird consecutive 0.75 percentage point interest rate hiketo tamp down inflation. The unexpectedly high August report could lead the Fed to continue its aggressive hikes longer than some investors anticipated.</p><p>The moves comes after four straight positive sessions for U.S. stocks, which were bolstered in part by the belief of many investors that inflation had already peaked.</p><p>“The CPI report was an unequivocal negative for equity markets. The hotter than expected report means we will get continued pressure from Fed policy via rate hikes,” said Matt Peron, director of research at Janus Henderson Investors. “It also pushes back any ‘Fed pivot’ that the markets were hopeful for in the near term. As we have cautioned over the past months, we are not out of the woods yet and would maintain a defensive posture with equity and sector allocations.”</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Sell-Off Deepens, Dow Drops 800 Points Following Hot Inflation Report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\nStock Sell-Off Deepens, Dow Drops 800 Points Following Hot Inflation Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-13 22:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Stocks fell sharply on Tuesday after a keyAugust inflation reportcame in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve.</p><p>The Dow Jones Industrial Average slid 818 points, or 2.5%. The S&amp;P 500 dropped 2.9%, and the Nasdaq Composite sank 3.6%.</p><p>More than 490 stocks in the S&amp;P 500 fell, with Facebook-parent Meta dropping 7.6% and Caesars Entertainment losing 6.7%.</p><p>The August consumer price index report showed a higher-than-expected reading for inflation. Headline inflation rose 0.1% month over month, even with falling gas prices. Core inflation rose 0.6% month over month. On a year-over-year basis, inflation was 8.3%.</p><p>Economists surveyed by Dow Jones had been expecting a decline of 0.1% for overall inflation, with a rise of 0.3% for core inflation.</p><p>The report is one of the last the Fed will see ahead of their Sept. 20-21 meeting, where the central bank is expected to deliver theirthird consecutive 0.75 percentage point interest rate hiketo tamp down inflation. The unexpectedly high August report could lead the Fed to continue its aggressive hikes longer than some investors anticipated.</p><p>The moves comes after four straight positive sessions for U.S. stocks, which were bolstered in part by the belief of many investors that inflation had already peaked.</p><p>“The CPI report was an unequivocal negative for equity markets. The hotter than expected report means we will get continued pressure from Fed policy via rate hikes,” said Matt Peron, director of research at Janus Henderson Investors. “It also pushes back any ‘Fed pivot’ that the markets were hopeful for in the near term. As we have cautioned over the past months, we are not out of the woods yet and would maintain a defensive posture with equity and sector allocations.”</p></body></html>\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":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189570916","content_text":"Stocks fell sharply on Tuesday after a keyAugust inflation reportcame in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve.The Dow Jones Industrial Average slid 818 points, or 2.5%. The S&P 500 dropped 2.9%, and the Nasdaq Composite sank 3.6%.More than 490 stocks in the S&P 500 fell, with Facebook-parent Meta dropping 7.6% and Caesars Entertainment losing 6.7%.The August consumer price index report showed a higher-than-expected reading for inflation. Headline inflation rose 0.1% month over month, even with falling gas prices. Core inflation rose 0.6% month over month. On a year-over-year basis, inflation was 8.3%.Economists surveyed by Dow Jones had been expecting a decline of 0.1% for overall inflation, with a rise of 0.3% for core inflation.The report is one of the last the Fed will see ahead of their Sept. 20-21 meeting, where the central bank is expected to deliver theirthird consecutive 0.75 percentage point interest rate hiketo tamp down inflation. The unexpectedly high August report could lead the Fed to continue its aggressive hikes longer than some investors anticipated.The moves comes after four straight positive sessions for U.S. stocks, which were bolstered in part by the belief of many investors that inflation had already peaked.“The CPI report was an unequivocal negative for equity markets. The hotter than expected report means we will get continued pressure from Fed policy via rate hikes,” said Matt Peron, director of research at Janus Henderson Investors. “It also pushes back any ‘Fed pivot’ that the markets were hopeful for in the near term. As we have cautioned over the past months, we are not out of the woods yet and would maintain a defensive posture with equity and sector allocations.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9938803643,"gmtCreate":1662592532482,"gmtModify":1676537093475,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9938803643","repostId":"2265702245","repostType":2,"repost":{"id":"2265702245","pubTimestamp":1662383323,"share":"https://ttm.financial/m/news/2265702245?lang=&edition=fundamental","pubTime":"2022-09-05 21:08","market":"us","language":"en","title":"10 New Stock Picks of Billionaire Ray Dalio","url":"https://stock-news.laohu8.com/highlight/detail?id=2265702245","media":"Insider Monkey","summary":"In this article, we discuss the 10 new stock picks of billionaire Ray Dalio. If you want to read abo","content":"<html><body><p><span>In this article, we discuss the 10 new stock picks of billionaire Ray Dalio. If you want to read about some more stocks in the Ray Dalio portfolio, go directly to </span><b>5 New Stock Picks of Billionaire Ray Dalio.</b></p>\n<p><span>Wall Street titans have been battling inflation and rate hikes in the past few months, scrambling to shield their portfolios from risk as geopolitical tensions in Europe and Asia cause a further dent at the stock market. Ray Dalio, the billionaire chief of </span><span>Bridgewater Associates</span><span>, has been especially vocal about the impact that the developing market dynamics might have on the American economy in the long-term. Dalio managed an equity portfolio worth over $23 billion at end of the second quarter of 2022, with the top holdings focused on the healthcare and consumer goods sectors.</span></p>\n<p><span>In a LinkedIn post at the end of the second quarter of 2022, Dalio warned that the aggressive monetary policies of the central bank in the United States would lead to stagflation. Greg Jensen, another top executive at Bridgewater, has echoed these sentiments as well, telling Bloomberg in late August that the full impact of the hawkish Federal Reserve had still not been fully priced into the market, predicting that it would lead to a decline of 20% to 25% overall in the grand scheme of things. </span></p>\n<p><span>Stagflation is an economic condition that comes with high inflation. During this period, economic growth and employment are not robust enough, leading to stalled growth models that stop short of an all–out recession. The recent moves that Dalio has made at the market illustrate his investing philosophy much better. Some of the top stocks in the Bridgewater portfolio at the end of the second quarter of 2022 included Walmart Inc. (NYSE:</span><span>WMT</span><span>), The Coca-Cola Company (NYSE:</span><span>KO</span><span>), and The Procter &amp; Gamble Company (NYSE:</span><span>PG</span><span>). </span></p>\n<p><b><i>Our Methodology</i></b></p>\n<p><span>These securities were picked from the investment portfolio of Bridgewater Associates at the end of the second quarter of 2022. Only stocks that are a new addition to the portfolio, compared to filings for the first quarter of the year, were selected. The analyst ratings of each company are also discussed to provide readers with some more context about their investment decisions. Data from around 900 elite hedge funds tracked by Insider Monkey in the second quarter of 2022 was used to identify the number of hedge funds that hold stakes in each firm.</span></p>\n<img height=\"600\" src=\"https://s.yimg.com/uu/api/res/1.2/OM9bcdxhO2Gc9Q_loVBQaA--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/insidermonkey.com/55fbd57ae685a28c6925ef372c3d0d69\" width=\"441\"/>\n<h2><b>New Stock Picks of Billionaire Ray Dalio</b></h2>\n<h3><b>10. American Eagle Outfitters, Inc. (NYSE:</b><b>AEO</b><b>)</b></h3>\n<p><b><i>Number of Hedge Fund Holders: 29     </i></b><span> </span></p>\n<p><span>American Eagle Outfitters, Inc. (NYSE:AEO) operates as a specialty retailer. Latest data shows that Bridgewater Associates owned over 30,200 shares of American Eagle Outfitters, Inc. (NYSE:AEO) at the end of the second quarter of 2022 worth $338,000, representing a very small portion of the portfolio. </span></p>\n<p><span>On August 1, Cowen analyst Jonna Kim downgraded American Eagle Outfitters, Inc. (NYSE:AEO) stock to Market Perform from Outperform and reduced the price target to $13 from $25, noting that markdown pressures were a near-term headwind for the firm. </span></p>\n<p><span>Among the hedge funds being tracked by Insider Monkey, New York-based investment firm </span><span>Select Equity Group</span><span> is a leading shareholder in American Eagle Outfitters, Inc. (NYSE:AEO), with 17.7 million shares worth more than $198 million. </span></p>\n<p><span>Just like Walmart Inc. (NYSE:WMT), The Coca-Cola Company (NYSE:KO), and The Procter &amp; Gamble Company (NYSE:PG), American Eagle Outfitters, Inc. (NYSE:AEO) is one of the value stocks that elite investors are flocking to. </span></p>\n<h3><b>9. DocuSign, Inc. (NASDAQ:</b><b>DOCU</b><b>)</b></h3>\n<p><b><i>Number of Hedge Fund Holders: 37  </i></b></p>\n<p><span>DocuSign, Inc. (NASDAQ:DOCU) offers cloud-based software services. Latest filings show that Bridgewater Associates owned over 17,200 shares of DocuSign, Inc. (NASDAQ:DOCU) at the end of the second quarter of 2022 worth $991,000, representing a very small portion of the portfolio. </span></p>\n<p><span>On September 2, JMP Securities analyst Patrick Walravens maintained an Outperform rating on DocuSign, Inc. (NASDAQ:DOCU) stock and lowered the price target to $84 from $151, noting the firm had an expansion opportunity in a Fortune 500 financial services company. </span></p>\n<p><span>Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm </span><span>Fisher Asset Management</span><span> is a leading shareholder in DocuSign, Inc. (NASDAQ:DOCU), with 5.2 million shares worth more than $299 million. </span></p>\n<p><span>In its Q4 2021 investor letter, </span><span>ClearBridge Investments</span><span>, an asset management firm, highlighted a few stocks and DocuSign, Inc. (NASDAQ:DOCU) was one of them. </span><span>Here</span><span> is what the fund said:</span></p>\n<blockquote>\n<p><span>“DocuSign, Inc. (NASDAQ:DOCU), a maker of e-signature and digital contract management software, got caught up in this trend. The stock came under pressure in December on weak third-quarter billings and a lower than expected outlook. The stock is now trading at pre-COVID-19 levels even though the company is much more profitable today and maintains a dominant position in an increasingly mobile economy with its digital signature and contract services.”</span></p>\n</blockquote>\n<h3><b>8. New Oriental Education &amp; Technology Group Inc. (NYSE:</b><b>EDU</b><b>)</b></h3>\n<p><b><i>Number of Hedge Fund Holders: 22     </i></b></p>\n<p><span>New Oriental Education &amp; Technology Group Inc. (NYSE:EDU) provides private educational services across China. Securities filings reveal that Bridgewater Associates owned over 1.3 million shares of New Oriental Education &amp; Technology Group Inc. (NYSE:EDU) at the end of June 2022 worth $27 million, representing 0.11% of the portfolio. </span></p>\n<p><span>On July 29, Bank of America analyst Lucy Yu upgraded New Oriental Education &amp; Technology Group Inc. (NYSE:EDU) stock to Buy from Neutral and raised the price target to $36.60 from $18.80, noting the share price of the firm was on par with the new cash. </span></p>\n<p><span>At the end of the second quarter of 2022, 22 hedge funds in the database of Insider Monkey held stakes worth $721 million in New Oriental Education &amp; Technology Group Inc. (NYSE:EDU), compared to 23 in the preceding quarter worth $260 million. </span></p>\n<p><span>In its Q3 2021 investor letter, Polen Capital, an asset management firm, highlighted a few stocks and New Oriental Education &amp; Technology Group Inc. (NYSE:EDU) was one of them. </span><span>Here</span><span> is what the fund said:</span></p>\n<blockquote>\n<p><span>“The quarter’s leading detractors were Chinese companies that were impacted by the CCP’s regulatory crackdown and liquidity concerns at property developer Evergrande. New Oriental Education &amp; Technology Group Inc. (NYSE:EDU)—the largest provider of private educational services in China—moved sharply lower in July after policymakers implemented new rules which effectively turned Chinese tutoring companies into non-profits. Looking at New Oriental Education &amp; Technology Group Inc. (NYSE:EDU), we closed our position as soon as government policy became clear and used the proceeds to allocate to existing holdings.”</span></p>\n</blockquote>\n<h3><b>7. VICI Properties Inc. (NYSE:</b><b>VICI</b><b>)</b></h3>\n<p><b><i>Number of Hedge Fund Holders: 26 </i></b></p>\n<p><span>VICI Properties Inc. (NYSE:VICI) is a real estate investment trust that focuses on gaming and entertainment properties. According to the latest data, Bridgewater Associates owned more than 9,000 shares of VICI Properties Inc. (NYSE:VICI) at the end of the second quarter of 2022 worth $273,000, representing a small portion of the portfolio. </span></p>\n<p><span>On August 24, JMP Securities analyst Mitch Germain initiated coverage of VICI Properties Inc. (NYSE:VICI) stock with an Outperform rating and a price target of $38, noting that the strategy of the firm had been stress tested in recent months. </span></p>\n<p><span>At the end of the second quarter of 2022, 26 hedge funds in the database of Insider Monkey held stakes worth $287 million in VICI Properties Inc. (NYSE:VICI), compared to 36 in the previous quarter worth $998 million.</span></p>\n<h3><b>6. </b><b>Foot Locker, Inc. (NYSE:</b><b>FL</b><b>)</b></h3>\n<p><b><i>Number of Hedge Fund Holders: 28     </i></b></p>\n<p><span>Foot Locker, Inc. (NYSE:FL) operates as an athletic footwear and apparel retailer. Regulatory filings indicate that Bridgewater Associates owned over 50,491 shares of Foot Locker, Inc. (NYSE:FL) at the end of June 2022 worth $1.2 million, representing a very small portion of the portfolio. </span></p>\n<p><span>On August 23, Credit Suisse analyst Michael Binetti maintained a Neutral rating on Foot Locker, Inc. (NYSE:FL) stock and raised the price target to $40 from $31, noting the firm had the potential to translate to a better EPS path forward. </span></p>\n<p><span>At the end of the second quarter of 2022, 28 hedge funds in the database of Insider Monkey held stakes worth $228 million in Foot Locker, Inc. (NYSE:FL), up from 21 in the previous quarter worth $177 million.</span></p>\n<p><span>Alongside Walmart Inc. (NYSE:WMT), The Coca-Cola Company (NYSE:KO), and The Procter &amp; Gamble Company (NYSE:PG), Foot Locker, Inc. (NYSE:FL) is one of the value stocks that hedge funds are monitoring. </span></p>\n<p><span>In its Q1 2022 investor letter, </span><span>Miller Value Partners</span><span>, an asset management firm, highlighted a few stocks and Foot Locker, Inc. (NYSE:FL) was one of them. </span><span>Here</span><span> is what the fund said:</span></p>\n<blockquote>\n<p><span>“Finally, Foot Locker, Inc. (NYSE:FL) came under significant pressure during the quarter, with the stock down more than 50% from its highs and valuation not far from early 2020 lows. Nike continues to place a greater focus on their Direct-to-Consumer business, which will decrease their contribution to Foot Locker’s total sales, retreating to historical averages of 50% by 2023. While a near-term headwind to sales, management plans to offset the lost business by expanding distribution to other leading brands, rolling out larger neighborhood free-standing stores, and expanding two new growth banners (WSS &amp; Atmos). WSS stores will provide an off-mall presence and focus on the rapidly growing and underserved Hispanic market. Atmos will provide Foot Locker with the ability to expand into Japan and Asia sneaker market with their digitally led business model. These new growth concepts have a combined potential to add more than $1B in sales by 2024. The company’s balance sheet remains very strong with $800M in cash and management is increasing returns to shareholders through raising the dividend by 40% and announcing a $1.2B share buyback (more than 40% of the float at current share prices). With the next 12 to 18 months as a transition period for the company, the share price weakness provides attractive reward/risk investment potential, near 3x Enterprise Value/Earnings Before Income, Taxes, Depreciation, and Amortization (EV/EBITDA) and close to a 30% normalized free cash flow yield.”</span></p>\n</blockquote>       \n<p><b>Click to continue reading and see 5 New Stock Picks of Billionaire Ray Dalio.</b></p>   \n<p><span>Suggested Articles:</span></p>\n<ul>\n<li><span>10 Best Dividend Growth Stocks to Buy Now</span></li>\n<li><span>Stanley Druckenmiller is Selling These 12 Stocks</span></li>\n<li><span>25 Coldest Countries in the World</span></li>\n</ul>   \n<p><span>Disclosure. None. </span><b>10 New Stock Picks of Billionaire Ray Dalio</b><span> is originally published on Insider Monkey.</span></p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>10 New Stock Picks of Billionaire Ray Dalio</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\">\n10 New Stock Picks of Billionaire Ray Dalio\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-05 21:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/10-stock-picks-billionaire-ray-130843616.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In this article, we discuss the 10 new stock picks of billionaire Ray Dalio. If you want to read about some more stocks in the Ray Dalio portfolio, go directly to 5 New Stock Picks of Billionaire Ray ...</p>\n\n<a href=\"https://finance.yahoo.com/news/10-stock-picks-billionaire-ray-130843616.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/sEsokCKhedn1IwYjki2pZw--~B/aD02MDA7dz00NDE7YXBwaWQ9eXRhY2h5b24-/https://s.yimg.com/uu/api/res/1.2/sV4YmwelnKhb08m2Fa0oPw--~B/aD02MDA7dz00NDE7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/insidermonkey.com/55fbd57ae685a28c6925ef372c3d0d69","relate_stocks":{"VICI":"Vici Properties","BK4017":"黄金","PG":"宝洁","KO":"可口可乐","FL":"富乐客","DOCU":"Docusign","NGD":"New Gold","BK4570":"地缘局势概念股","EDU":"新东方","AEO":"美鹰服饰"},"source_url":"https://finance.yahoo.com/news/10-stock-picks-billionaire-ray-130843616.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2265702245","content_text":"In this article, we discuss the 10 new stock picks of billionaire Ray Dalio. If you want to read about some more stocks in the Ray Dalio portfolio, go directly to 5 New Stock Picks of Billionaire Ray Dalio.\nWall Street titans have been battling inflation and rate hikes in the past few months, scrambling to shield their portfolios from risk as geopolitical tensions in Europe and Asia cause a further dent at the stock market. Ray Dalio, the billionaire chief of Bridgewater Associates, has been especially vocal about the impact that the developing market dynamics might have on the American economy in the long-term. Dalio managed an equity portfolio worth over $23 billion at end of the second quarter of 2022, with the top holdings focused on the healthcare and consumer goods sectors.\nIn a LinkedIn post at the end of the second quarter of 2022, Dalio warned that the aggressive monetary policies of the central bank in the United States would lead to stagflation. Greg Jensen, another top executive at Bridgewater, has echoed these sentiments as well, telling Bloomberg in late August that the full impact of the hawkish Federal Reserve had still not been fully priced into the market, predicting that it would lead to a decline of 20% to 25% overall in the grand scheme of things. \nStagflation is an economic condition that comes with high inflation. During this period, economic growth and employment are not robust enough, leading to stalled growth models that stop short of an all–out recession. The recent moves that Dalio has made at the market illustrate his investing philosophy much better. Some of the top stocks in the Bridgewater portfolio at the end of the second quarter of 2022 included Walmart Inc. (NYSE:WMT), The Coca-Cola Company (NYSE:KO), and The Procter & Gamble Company (NYSE:PG). \nOur Methodology\nThese securities were picked from the investment portfolio of Bridgewater Associates at the end of the second quarter of 2022. Only stocks that are a new addition to the portfolio, compared to filings for the first quarter of the year, were selected. The analyst ratings of each company are also discussed to provide readers with some more context about their investment decisions. Data from around 900 elite hedge funds tracked by Insider Monkey in the second quarter of 2022 was used to identify the number of hedge funds that hold stakes in each firm.\n\nNew Stock Picks of Billionaire Ray Dalio\n10. American Eagle Outfitters, Inc. (NYSE:AEO)\nNumber of Hedge Fund Holders: 29      \nAmerican Eagle Outfitters, Inc. (NYSE:AEO) operates as a specialty retailer. Latest data shows that Bridgewater Associates owned over 30,200 shares of American Eagle Outfitters, Inc. (NYSE:AEO) at the end of the second quarter of 2022 worth $338,000, representing a very small portion of the portfolio. \nOn August 1, Cowen analyst Jonna Kim downgraded American Eagle Outfitters, Inc. (NYSE:AEO) stock to Market Perform from Outperform and reduced the price target to $13 from $25, noting that markdown pressures were a near-term headwind for the firm. \nAmong the hedge funds being tracked by Insider Monkey, New York-based investment firm Select Equity Group is a leading shareholder in American Eagle Outfitters, Inc. (NYSE:AEO), with 17.7 million shares worth more than $198 million. \nJust like Walmart Inc. (NYSE:WMT), The Coca-Cola Company (NYSE:KO), and The Procter & Gamble Company (NYSE:PG), American Eagle Outfitters, Inc. (NYSE:AEO) is one of the value stocks that elite investors are flocking to. \n9. DocuSign, Inc. (NASDAQ:DOCU)\nNumber of Hedge Fund Holders: 37  \nDocuSign, Inc. (NASDAQ:DOCU) offers cloud-based software services. Latest filings show that Bridgewater Associates owned over 17,200 shares of DocuSign, Inc. (NASDAQ:DOCU) at the end of the second quarter of 2022 worth $991,000, representing a very small portion of the portfolio. \nOn September 2, JMP Securities analyst Patrick Walravens maintained an Outperform rating on DocuSign, Inc. (NASDAQ:DOCU) stock and lowered the price target to $84 from $151, noting the firm had an expansion opportunity in a Fortune 500 financial services company. \nAmong the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in DocuSign, Inc. (NASDAQ:DOCU), with 5.2 million shares worth more than $299 million. \nIn its Q4 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and DocuSign, Inc. (NASDAQ:DOCU) was one of them. Here is what the fund said:\n\n“DocuSign, Inc. (NASDAQ:DOCU), a maker of e-signature and digital contract management software, got caught up in this trend. The stock came under pressure in December on weak third-quarter billings and a lower than expected outlook. The stock is now trading at pre-COVID-19 levels even though the company is much more profitable today and maintains a dominant position in an increasingly mobile economy with its digital signature and contract services.”\n\n8. New Oriental Education & Technology Group Inc. (NYSE:EDU)\nNumber of Hedge Fund Holders: 22     \nNew Oriental Education & Technology Group Inc. (NYSE:EDU) provides private educational services across China. Securities filings reveal that Bridgewater Associates owned over 1.3 million shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) at the end of June 2022 worth $27 million, representing 0.11% of the portfolio. \nOn July 29, Bank of America analyst Lucy Yu upgraded New Oriental Education & Technology Group Inc. (NYSE:EDU) stock to Buy from Neutral and raised the price target to $36.60 from $18.80, noting the share price of the firm was on par with the new cash. \nAt the end of the second quarter of 2022, 22 hedge funds in the database of Insider Monkey held stakes worth $721 million in New Oriental Education & Technology Group Inc. (NYSE:EDU), compared to 23 in the preceding quarter worth $260 million. \nIn its Q3 2021 investor letter, Polen Capital, an asset management firm, highlighted a few stocks and New Oriental Education & Technology Group Inc. (NYSE:EDU) was one of them. Here is what the fund said:\n\n“The quarter’s leading detractors were Chinese companies that were impacted by the CCP’s regulatory crackdown and liquidity concerns at property developer Evergrande. New Oriental Education & Technology Group Inc. (NYSE:EDU)—the largest provider of private educational services in China—moved sharply lower in July after policymakers implemented new rules which effectively turned Chinese tutoring companies into non-profits. Looking at New Oriental Education & Technology Group Inc. (NYSE:EDU), we closed our position as soon as government policy became clear and used the proceeds to allocate to existing holdings.”\n\n7. VICI Properties Inc. (NYSE:VICI)\nNumber of Hedge Fund Holders: 26 \nVICI Properties Inc. (NYSE:VICI) is a real estate investment trust that focuses on gaming and entertainment properties. According to the latest data, Bridgewater Associates owned more than 9,000 shares of VICI Properties Inc. (NYSE:VICI) at the end of the second quarter of 2022 worth $273,000, representing a small portion of the portfolio. \nOn August 24, JMP Securities analyst Mitch Germain initiated coverage of VICI Properties Inc. (NYSE:VICI) stock with an Outperform rating and a price target of $38, noting that the strategy of the firm had been stress tested in recent months. \nAt the end of the second quarter of 2022, 26 hedge funds in the database of Insider Monkey held stakes worth $287 million in VICI Properties Inc. (NYSE:VICI), compared to 36 in the previous quarter worth $998 million.\n6. Foot Locker, Inc. (NYSE:FL)\nNumber of Hedge Fund Holders: 28     \nFoot Locker, Inc. (NYSE:FL) operates as an athletic footwear and apparel retailer. Regulatory filings indicate that Bridgewater Associates owned over 50,491 shares of Foot Locker, Inc. (NYSE:FL) at the end of June 2022 worth $1.2 million, representing a very small portion of the portfolio. \nOn August 23, Credit Suisse analyst Michael Binetti maintained a Neutral rating on Foot Locker, Inc. (NYSE:FL) stock and raised the price target to $40 from $31, noting the firm had the potential to translate to a better EPS path forward. \nAt the end of the second quarter of 2022, 28 hedge funds in the database of Insider Monkey held stakes worth $228 million in Foot Locker, Inc. (NYSE:FL), up from 21 in the previous quarter worth $177 million.\nAlongside Walmart Inc. (NYSE:WMT), The Coca-Cola Company (NYSE:KO), and The Procter & Gamble Company (NYSE:PG), Foot Locker, Inc. (NYSE:FL) is one of the value stocks that hedge funds are monitoring. \nIn its Q1 2022 investor letter, Miller Value Partners, an asset management firm, highlighted a few stocks and Foot Locker, Inc. (NYSE:FL) was one of them. Here is what the fund said:\n\n“Finally, Foot Locker, Inc. (NYSE:FL) came under significant pressure during the quarter, with the stock down more than 50% from its highs and valuation not far from early 2020 lows. Nike continues to place a greater focus on their Direct-to-Consumer business, which will decrease their contribution to Foot Locker’s total sales, retreating to historical averages of 50% by 2023. While a near-term headwind to sales, management plans to offset the lost business by expanding distribution to other leading brands, rolling out larger neighborhood free-standing stores, and expanding two new growth banners (WSS & Atmos). WSS stores will provide an off-mall presence and focus on the rapidly growing and underserved Hispanic market. Atmos will provide Foot Locker with the ability to expand into Japan and Asia sneaker market with their digitally led business model. These new growth concepts have a combined potential to add more than $1B in sales by 2024. The company’s balance sheet remains very strong with $800M in cash and management is increasing returns to shareholders through raising the dividend by 40% and announcing a $1.2B share buyback (more than 40% of the float at current share prices). With the next 12 to 18 months as a transition period for the company, the share price weakness provides attractive reward/risk investment potential, near 3x Enterprise Value/Earnings Before Income, Taxes, Depreciation, and Amortization (EV/EBITDA) and close to a 30% normalized free cash flow yield.”\n       \nClick to continue reading and see 5 New Stock Picks of Billionaire Ray Dalio.   \nSuggested Articles:\n\n10 Best Dividend Growth Stocks to Buy Now\nStanley Druckenmiller is Selling These 12 Stocks\n25 Coldest Countries in the World\n   \nDisclosure. None. 10 New Stock Picks of Billionaire Ray Dalio is originally published on Insider Monkey.","news_type":1},"isVote":1,"tweetType":1,"viewCount":106,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9997825600,"gmtCreate":1661782439801,"gmtModify":1676536577820,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/V\">$Visa(V)$</a>Patience","listText":"<a href=\"https://ttm.financial/S/V\">$Visa(V)$</a>Patience","text":"$Visa(V)$Patience","images":[{"img":"https://community-static.tradeup.com/news/195e26582130ae55830c4ffd1dff8a01","width":"1125","height":"3531"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997825600","isVote":1,"tweetType":1,"viewCount":84,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9997825154,"gmtCreate":1661782425280,"gmtModify":1676536577814,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/V\">$Visa(V)$</a>Patience&nbsp;","listText":"<a href=\"https://ttm.financial/S/V\">$Visa(V)$</a>Patience&nbsp;","text":"$Visa(V)$Patience","images":[{"img":"https://community-static.tradeup.com/news/e9d0d65b2366c17cee409e041dd34352","width":"1284","height":"2538"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997825154","isVote":1,"tweetType":1,"viewCount":221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9997822610,"gmtCreate":1661782315432,"gmtModify":1676536577796,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997822610","repostId":"2262162956","repostType":4,"repost":{"id":"2262162956","pubTimestamp":1661786631,"share":"https://ttm.financial/m/news/2262162956?lang=&edition=fundamental","pubTime":"2022-08-29 23:23","market":"us","language":"en","title":"Nasdaq Bear Market: 5 Unsurpassable Growth Stocks You'll Regret Not Buying on the Dip","url":"https://stock-news.laohu8.com/highlight/detail?id=2262162956","media":"Motley Fool","summary":"These fast-paced companies with unmatched innovative capacity are screaming buys following a peak decline of 34% in the Nasdaq Composite.","content":"<html><head></head><body><p>This year has served as a kick-in-the-pants reminder that the stock market doesn&#39;t rise in a straight line -- even if 2021 gave off the impression that it did. Since hitting their respective all-time highs between mid-November and the first week of January, the iconic <b>Dow Jones Industrial Average</b>, benchmark <b>S&amp;P 500</b>, and growth-focused <b>Nasdaq Composite</b>, plunged by as much as 19%, 24%, and 34%. The greater than 20% declines in the S&amp;P 500 and Nasdaq firmly placed both indexes in a bear market.</p><p>To not beat around the bush, bear markets can be scary. The velocity and unpredictability of downside moves can truly test the resolve of investors. But if history has a say, bear markets are also the perfect time to put your money to work. That&#39;s because every major stock market decline throughout history has, eventually, been erased by a bull market.</p><p>With the Nasdaq Composite getting hit harder than the other indexes, it looks like the ideal time to invest in growth stocks with unmatched innovative capacity and sustainable competitive advantages. What follows are five unsurpassable growth stocks you&#39;ll regret not buying on the Nasdaq bear market dip.</p><h2><a href=\"https://laohu8.com/S/META\">Meta Platforms</a></h2><p>The first phenomenal growth stock you&#39;ll be kicking yourself over if you don&#39;t buy it during the Nasdaq bear market dip is social media giant <b>Meta Platforms</b>. Meta is the company formerly known as Facebook.</p><p>Although advertising spending has been hit hard in 2022 as historically high inflation and back-to-back quarters of U.S. gross domestic product declines suppress discretionary spending, Meta remains well-positioned to capitalize on disproportionately long periods of economic expansion. Facebook, WhatsApp, Instagram, and Facebook Messenger, are consistently among the most-downloaded apps worldwide. With 3.65 billion people visiting its sites on a monthly basis (that&#39;s over half the global adult population), Meta is in prime position to command strong ad-pricing power.</p><p>The other reason to like Meta is the company&#39;s aggressive investments in the &#34;metaverse&#34; -- i.e., the next iteration of the internet which&#39;ll allow connected users the ability to interact with each other and their environments in a 3D virtual world. Though it&#39;ll take a few more years before the metaverse is ready to be meaningfully monetized, Meta fixes to be a key on-ramp to this multitrillion-dollar opportunity.</p><p>Shares of Meta Platforms are cheaper than they&#39;ve ever been on a forward-earning basis as a publicly traded company. That makes this social-media maven a screaming buy at the moment.</p><h2><a href=\"https://laohu8.com/S/PUBM\">PubMatic</a></h2><p>A second stellar growth stock begging to be bought as the Nasdaq Composite plunges is cloud-based programmatic adtech company <b>PubMatic</b>. Although PubMatic is contending with same advertising spending weakness as Meta, it&#39;s on track to grow by a considerably faster rate.</p><p>PubMatic is what&#39;s known as a sell-side provider (SSPs) in the adtech space. This is a fancy way of saying that it specializes in selling digital display space for publishers. Because there aren&#39;t many SSPs for publishers to choose from, and ad dollars have been steadily shifting to digital formats, such as video, mobile, and over-the-top streaming, PubMatic has consistently delivered organic growth of at least twice the industry average.</p><p>Perhaps the best aspect of PubMatic is its internally designed cloud infrastructure platform. Rather than relying on a third party for its platform. PubMatic built its infrastructure. While costly in the beginning, handling its own infrastructure should result in substantially higher operating margins than its peers as revenue scales.</p><p>If you need one more solid reason to trust in PubMatic, consider this: The company ended June with $183 million in cash, cash equivalents, and marketable securities, and <i>no debt</i>!</p><h2><a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies</a></h2><p>The third unsurpassable growth stock worth buying on the Nasdaq bear market dip is artificial intelligence (AI)-driven data-mining company <b>Palantir Technologies</b>. Palantir&#39;s valuation used to be its biggest obstacle. But following a greater than 80% retracement in its share price, it&#39;s now ripe for the picking.</p><p>What makes Palantir such an intriguing investment for long-term growth investors is that there&#39;s no other company offering what it does at scale. The company&#39;s AI-based Gotham platform helps government agencies with missions and data gathering. Meanwhile, the Foundry platform is focused on helping businesses streamline their operations by making sense of large amounts of data.</p><p>For the past couple of years, Gotham has been Palantir&#39;s primary growth driver. Being awarded large government contracts that can span four or more years has helped the company grow its sales by 30% or more on a consistent basis. But looking ahead, Foundry is Palantir&#39;s golden ticket. Whereas not all governments can utilize Palantir&#39;s proprietary software, Foundry&#39;s ceiling is <i>much</i> higher. As of June 30, 2022, Palantir had 119 commercial customers, which was up 250% from the prior-year period.</p><p>Though recurring profitability could be a few years away, Palantir&#39;s superb topline growth and niche industry positioning can send shares significantly higher.</p><h2><a href=\"https://laohu8.com/S/LOVE\">Lovesac</a></h2><p>A fourth exceptional growth stock you&#39;ll be mad at yourself for not buying on the Nasdaq bear market decline is furniture company <b>Lovesac</b>. <i>Yes</i>, I really said &#34;growth&#34; and &#34;furniture company&#34; in the same sentence.</p><p>Whereas most brick-and-mortar furniture companies are slow-growing, stodgy businesses, Lovesac is turning the industry on its head in two key ways.</p><p>First off, its furniture is unique. The company&#39;s &#34;sactionals&#34; -- a sactional is a modular couch that can be rearranged dozens of ways to fit most living spaces -- account for nearly 88% of net sales and incorporate function, choice, and ecofriendly materials. Sactionals can be upgraded to include surround-sound systems and wireless charging stations, and they have over 200 cover choices. Further, the yarn used in these covers is made entirely from recycled plastic water bottles.</p><p>Secondly, Lovesac&#39;s omnichannel sales platform has led it to success. Despite having 162 retail locations in 40 states, the company&#39;s substantially higher margins are a reflection of its direct-to-consumer emphasis, as well as pop-up showrooms and brand-name partnerships.  With less inventory needed in physical retail stores, Lovesac&#39;s overhead expenses are considerably lower than its peers.</p><h2>Alphabet</h2><p>The fifth and final unsurpassable growth stock you&#39;ll regret not buying during the Nasdaq bear market dip is FAANG stock <b>Alphabet</b>. Alphabet is the parent of internet search engine Google, streaming platform YouTube, and autonomous car company Waymo.</p><p>The no-brainer reason to pile into Alphabet is the company&#39;s absolutely dominant internet search engine, Google. According to data from GlobalStats, Google has accounted for no less than 91% of worldwide internet search share for the trailing 24 months. With an 88-percentage-point lead over its next-closest competitor, it should come as no surprise that Alphabet is able to command exceptional ad-pricing power.</p><p>But what Wall Street and investors are most-excited about is what Alphabet is doing with its available cash and operating cash flow. For instance, investments in YouTube have paid off handsomely. Easily one of the best acquisitions in history (Google acquired YouTube for $1.65 billion in 2006), YouTube has become the second most-visited social site in the world. As you can imagine, this has helped tremendously with ad and subscription revenue.</p><p>There&#39;s also Google Cloud, which has vaulted to the No. 3 spot in cloud-service market share. Cloud infrastructure spending is still in its early innings, which means Google Cloud could become a key driver of operating cash flow for parent company Alphabet by as soon as mid-decade.</p><p>Like Meta Platforms, Alphabet has simply never been cheaper as a publicly traded company.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq Bear Market: 5 Unsurpassable Growth Stocks You'll Regret Not Buying on the Dip</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\">\nNasdaq Bear Market: 5 Unsurpassable Growth Stocks You'll Regret Not Buying on the Dip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-29 23:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/08/28/nasdaq-bear-market-5-growth-stocks-regret-not-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This year has served as a kick-in-the-pants reminder that the stock market doesn't rise in a straight line -- even if 2021 gave off the impression that it did. Since hitting their respective all-time ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/08/28/nasdaq-bear-market-5-growth-stocks-regret-not-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc.","GOOG":"谷歌","META":"Meta Platforms, Inc."},"source_url":"https://www.fool.com/investing/2022/08/28/nasdaq-bear-market-5-growth-stocks-regret-not-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2262162956","content_text":"This year has served as a kick-in-the-pants reminder that the stock market doesn't rise in a straight line -- even if 2021 gave off the impression that it did. Since hitting their respective all-time highs between mid-November and the first week of January, the iconic Dow Jones Industrial Average, benchmark S&P 500, and growth-focused Nasdaq Composite, plunged by as much as 19%, 24%, and 34%. The greater than 20% declines in the S&P 500 and Nasdaq firmly placed both indexes in a bear market.To not beat around the bush, bear markets can be scary. The velocity and unpredictability of downside moves can truly test the resolve of investors. But if history has a say, bear markets are also the perfect time to put your money to work. That's because every major stock market decline throughout history has, eventually, been erased by a bull market.With the Nasdaq Composite getting hit harder than the other indexes, it looks like the ideal time to invest in growth stocks with unmatched innovative capacity and sustainable competitive advantages. What follows are five unsurpassable growth stocks you'll regret not buying on the Nasdaq bear market dip.Meta PlatformsThe first phenomenal growth stock you'll be kicking yourself over if you don't buy it during the Nasdaq bear market dip is social media giant Meta Platforms. Meta is the company formerly known as Facebook.Although advertising spending has been hit hard in 2022 as historically high inflation and back-to-back quarters of U.S. gross domestic product declines suppress discretionary spending, Meta remains well-positioned to capitalize on disproportionately long periods of economic expansion. Facebook, WhatsApp, Instagram, and Facebook Messenger, are consistently among the most-downloaded apps worldwide. With 3.65 billion people visiting its sites on a monthly basis (that's over half the global adult population), Meta is in prime position to command strong ad-pricing power.The other reason to like Meta is the company's aggressive investments in the \"metaverse\" -- i.e., the next iteration of the internet which'll allow connected users the ability to interact with each other and their environments in a 3D virtual world. Though it'll take a few more years before the metaverse is ready to be meaningfully monetized, Meta fixes to be a key on-ramp to this multitrillion-dollar opportunity.Shares of Meta Platforms are cheaper than they've ever been on a forward-earning basis as a publicly traded company. That makes this social-media maven a screaming buy at the moment.PubMaticA second stellar growth stock begging to be bought as the Nasdaq Composite plunges is cloud-based programmatic adtech company PubMatic. Although PubMatic is contending with same advertising spending weakness as Meta, it's on track to grow by a considerably faster rate.PubMatic is what's known as a sell-side provider (SSPs) in the adtech space. This is a fancy way of saying that it specializes in selling digital display space for publishers. Because there aren't many SSPs for publishers to choose from, and ad dollars have been steadily shifting to digital formats, such as video, mobile, and over-the-top streaming, PubMatic has consistently delivered organic growth of at least twice the industry average.Perhaps the best aspect of PubMatic is its internally designed cloud infrastructure platform. Rather than relying on a third party for its platform. PubMatic built its infrastructure. While costly in the beginning, handling its own infrastructure should result in substantially higher operating margins than its peers as revenue scales.If you need one more solid reason to trust in PubMatic, consider this: The company ended June with $183 million in cash, cash equivalents, and marketable securities, and no debt!Palantir TechnologiesThe third unsurpassable growth stock worth buying on the Nasdaq bear market dip is artificial intelligence (AI)-driven data-mining company Palantir Technologies. Palantir's valuation used to be its biggest obstacle. But following a greater than 80% retracement in its share price, it's now ripe for the picking.What makes Palantir such an intriguing investment for long-term growth investors is that there's no other company offering what it does at scale. The company's AI-based Gotham platform helps government agencies with missions and data gathering. Meanwhile, the Foundry platform is focused on helping businesses streamline their operations by making sense of large amounts of data.For the past couple of years, Gotham has been Palantir's primary growth driver. Being awarded large government contracts that can span four or more years has helped the company grow its sales by 30% or more on a consistent basis. But looking ahead, Foundry is Palantir's golden ticket. Whereas not all governments can utilize Palantir's proprietary software, Foundry's ceiling is much higher. As of June 30, 2022, Palantir had 119 commercial customers, which was up 250% from the prior-year period.Though recurring profitability could be a few years away, Palantir's superb topline growth and niche industry positioning can send shares significantly higher.LovesacA fourth exceptional growth stock you'll be mad at yourself for not buying on the Nasdaq bear market decline is furniture company Lovesac. Yes, I really said \"growth\" and \"furniture company\" in the same sentence.Whereas most brick-and-mortar furniture companies are slow-growing, stodgy businesses, Lovesac is turning the industry on its head in two key ways.First off, its furniture is unique. The company's \"sactionals\" -- a sactional is a modular couch that can be rearranged dozens of ways to fit most living spaces -- account for nearly 88% of net sales and incorporate function, choice, and ecofriendly materials. Sactionals can be upgraded to include surround-sound systems and wireless charging stations, and they have over 200 cover choices. Further, the yarn used in these covers is made entirely from recycled plastic water bottles.Secondly, Lovesac's omnichannel sales platform has led it to success. Despite having 162 retail locations in 40 states, the company's substantially higher margins are a reflection of its direct-to-consumer emphasis, as well as pop-up showrooms and brand-name partnerships.  With less inventory needed in physical retail stores, Lovesac's overhead expenses are considerably lower than its peers.AlphabetThe fifth and final unsurpassable growth stock you'll regret not buying during the Nasdaq bear market dip is FAANG stock Alphabet. Alphabet is the parent of internet search engine Google, streaming platform YouTube, and autonomous car company Waymo.The no-brainer reason to pile into Alphabet is the company's absolutely dominant internet search engine, Google. According to data from GlobalStats, Google has accounted for no less than 91% of worldwide internet search share for the trailing 24 months. With an 88-percentage-point lead over its next-closest competitor, it should come as no surprise that Alphabet is able to command exceptional ad-pricing power.But what Wall Street and investors are most-excited about is what Alphabet is doing with its available cash and operating cash flow. For instance, investments in YouTube have paid off handsomely. Easily one of the best acquisitions in history (Google acquired YouTube for $1.65 billion in 2006), YouTube has become the second most-visited social site in the world. As you can imagine, this has helped tremendously with ad and subscription revenue.There's also Google Cloud, which has vaulted to the No. 3 spot in cloud-service market share. Cloud infrastructure spending is still in its early innings, which means Google Cloud could become a key driver of operating cash flow for parent company Alphabet by as soon as mid-decade.Like Meta Platforms, Alphabet has simply never been cheaper as a publicly traded company.","news_type":1},"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9994312322,"gmtCreate":1661564512368,"gmtModify":1676536542143,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Be greedy when there is blood in the street","listText":"Be greedy when there is blood in the street","text":"Be greedy when there is blood in the street","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9994312322","repostId":"2262063129","repostType":4,"repost":{"id":"2262063129","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":1661548134,"share":"https://ttm.financial/m/news/2262063129?lang=&edition=fundamental","pubTime":"2022-08-27 05:08","market":"us","language":"en","title":"US STOCKS-Wall Street Ends in a Hole After Powell's Wyoming Speech","url":"https://stock-news.laohu8.com/highlight/detail?id=2262063129","media":"Reuters","summary":"(Reuters) - Wall Street ended Friday with all three benchmarks more than 3% lower, as Federal Reserv","content":"<html><head></head><body><p>(Reuters) - Wall Street ended Friday with all three benchmarks more than 3% lower, as Federal Reserve Chief Jerome Powell&#39;s signal that the central bank would keep hiking rates to tame inflation nixed nascent hopes for a more modest path among some investors.</p><p>The Nasdaq led declines among the three U.S. benchmarks, registering its worst daily performance since June 16, weighed by high-growth technology stocks which tumbled after rallying the previous day in anticipation of Powell&#39;s scheduled speech to the Jackson Hole central banking conference in Wyoming.</p><p>The U.S. economy will need tight monetary policy &#34;for some time&#34; before inflation is under control, Powell said at the event. That means slower growth, a weaker job market and &#34;some pain&#34; for households and businesses, he added.</p><p>Investors knew further rate rises were coming, and they have been divided between whether a 75-basis-point and a 50-basis-point hike by the Fed was coming next month.</p><p>However, recent data highlighting continued strength in the labor market, to offset two consecutive quarters of negative economic growth, had led to some speculating a more tempered pace of hikes could be forthcoming.</p><p>&#34;The pushback is coming from the idea that it&#39;s not about the pace of hikes going forward and how they tighten financial conditions, it&#39;s about the duration of remaining at that restrictive policy stance,&#34; said Garrett Melson, portfolio strategist at Natixis Investment Managers.</p><p>&#34;That&#39;s the nuance they are trying to push forward and Powell was, maybe, a bit more explicit in that today. But if you&#39;ve listened to other Fed speakers in the last couple of weeks, it&#39;s the same message.&#34;</p><p>With investors repositioning after absorbing the speech, the Cboe Volatility Index jumped 3.78 points to 25.56, its highest close in six weeks.</p><p>All the 11 major S&amp;P 500 sectors were lower, led by declines of between 3.9% and 4.3% in the information technology , communication services and consumer discretionary indexes.</p><p>The S&amp;P 500 lost 141.46 points, or 3.37%, to end at 4,057.66 points, while the Nasdaq Composite lost 497.56 points, or 3.94%, to 12,141.71. The Dow Jones Industrial Average fell 1,008.38 points, or 3.03%, to 32,283.40.</p><p>High-growth and technology stocks dropped. Nvidia Corp and Amazon.com Inc fell 9.2% and 4.8%, respectively, having led gainers in the previous session. Meanwhile, Google-parent Alphabet Inc, <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc, and <a href=\"https://laohu8.com/S/SQ2.AU\">Block Inc</a> also dipped between 4.1% and 7.7%.</p><p>U.S. stock indexes have retreated since the turn of the year as investors priced in the expectation of aggressive interest rate hikes and a slowing economy.</p><p>But they have recovered strongly since June, with the S&amp;P 500 recouping nearly half its losses for the year on stronger-than-expected quarterly earnings and hopes decades-high inflation has peaked.</p><p>However, Friday&#39;s falls wiped out the modest August gains which all three benchmarks had previously carved out, and sent the trio to their second straight week of declines.</p><p>For the week, the Nasdaq slid 4.4%, the Dow lost 4.2%, and the S&amp;P 500 fell 4%.</p><p>Data earlier showed consumer spending barely rose in July, but inflation eased considerably, which could give the Fed room to trim its aggressive interest rate increases.</p><p>Dell Technologies Inc fell 13.5% as it joined rivals in predicting a slowdown as inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings.</p><p>Affirm Holdings Inc tumbled 21.3% after the buy-now-pay-later lender forecast full-year revenue below Wall Street estimates, underscoring the broader downturn in the fortunes of the once high-flying fintech sector.</p><p>Volume on U.S. exchanges was 10.37 billion shares, compared with the 10.64 billion average for the full session over the last 20 trading days.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Ends in a Hole After Powell's Wyoming Speech</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\">\nUS STOCKS-Wall Street Ends in a Hole After Powell's Wyoming Speech\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\">2022-08-27 05:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - Wall Street ended Friday with all three benchmarks more than 3% lower, as Federal Reserve Chief Jerome Powell&#39;s signal that the central bank would keep hiking rates to tame inflation nixed nascent hopes for a more modest path among some investors.</p><p>The Nasdaq led declines among the three U.S. benchmarks, registering its worst daily performance since June 16, weighed by high-growth technology stocks which tumbled after rallying the previous day in anticipation of Powell&#39;s scheduled speech to the Jackson Hole central banking conference in Wyoming.</p><p>The U.S. economy will need tight monetary policy &#34;for some time&#34; before inflation is under control, Powell said at the event. That means slower growth, a weaker job market and &#34;some pain&#34; for households and businesses, he added.</p><p>Investors knew further rate rises were coming, and they have been divided between whether a 75-basis-point and a 50-basis-point hike by the Fed was coming next month.</p><p>However, recent data highlighting continued strength in the labor market, to offset two consecutive quarters of negative economic growth, had led to some speculating a more tempered pace of hikes could be forthcoming.</p><p>&#34;The pushback is coming from the idea that it&#39;s not about the pace of hikes going forward and how they tighten financial conditions, it&#39;s about the duration of remaining at that restrictive policy stance,&#34; said Garrett Melson, portfolio strategist at Natixis Investment Managers.</p><p>&#34;That&#39;s the nuance they are trying to push forward and Powell was, maybe, a bit more explicit in that today. But if you&#39;ve listened to other Fed speakers in the last couple of weeks, it&#39;s the same message.&#34;</p><p>With investors repositioning after absorbing the speech, the Cboe Volatility Index jumped 3.78 points to 25.56, its highest close in six weeks.</p><p>All the 11 major S&amp;P 500 sectors were lower, led by declines of between 3.9% and 4.3% in the information technology , communication services and consumer discretionary indexes.</p><p>The S&amp;P 500 lost 141.46 points, or 3.37%, to end at 4,057.66 points, while the Nasdaq Composite lost 497.56 points, or 3.94%, to 12,141.71. The Dow Jones Industrial Average fell 1,008.38 points, or 3.03%, to 32,283.40.</p><p>High-growth and technology stocks dropped. Nvidia Corp and Amazon.com Inc fell 9.2% and 4.8%, respectively, having led gainers in the previous session. Meanwhile, Google-parent Alphabet Inc, <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc, and <a href=\"https://laohu8.com/S/SQ2.AU\">Block Inc</a> also dipped between 4.1% and 7.7%.</p><p>U.S. stock indexes have retreated since the turn of the year as investors priced in the expectation of aggressive interest rate hikes and a slowing economy.</p><p>But they have recovered strongly since June, with the S&amp;P 500 recouping nearly half its losses for the year on stronger-than-expected quarterly earnings and hopes decades-high inflation has peaked.</p><p>However, Friday&#39;s falls wiped out the modest August gains which all three benchmarks had previously carved out, and sent the trio to their second straight week of declines.</p><p>For the week, the Nasdaq slid 4.4%, the Dow lost 4.2%, and the S&amp;P 500 fell 4%.</p><p>Data earlier showed consumer spending barely rose in July, but inflation eased considerably, which could give the Fed room to trim its aggressive interest rate increases.</p><p>Dell Technologies Inc fell 13.5% as it joined rivals in predicting a slowdown as inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings.</p><p>Affirm Holdings Inc tumbled 21.3% after the buy-now-pay-later lender forecast full-year revenue below Wall Street estimates, underscoring the broader downturn in the fortunes of the once high-flying fintech sector.</p><p>Volume on U.S. exchanges was 10.37 billion shares, compared with the 10.64 billion average for the full session over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2262063129","content_text":"(Reuters) - Wall Street ended Friday with all three benchmarks more than 3% lower, as Federal Reserve Chief Jerome Powell's signal that the central bank would keep hiking rates to tame inflation nixed nascent hopes for a more modest path among some investors.The Nasdaq led declines among the three U.S. benchmarks, registering its worst daily performance since June 16, weighed by high-growth technology stocks which tumbled after rallying the previous day in anticipation of Powell's scheduled speech to the Jackson Hole central banking conference in Wyoming.The U.S. economy will need tight monetary policy \"for some time\" before inflation is under control, Powell said at the event. That means slower growth, a weaker job market and \"some pain\" for households and businesses, he added.Investors knew further rate rises were coming, and they have been divided between whether a 75-basis-point and a 50-basis-point hike by the Fed was coming next month.However, recent data highlighting continued strength in the labor market, to offset two consecutive quarters of negative economic growth, had led to some speculating a more tempered pace of hikes could be forthcoming.\"The pushback is coming from the idea that it's not about the pace of hikes going forward and how they tighten financial conditions, it's about the duration of remaining at that restrictive policy stance,\" said Garrett Melson, portfolio strategist at Natixis Investment Managers.\"That's the nuance they are trying to push forward and Powell was, maybe, a bit more explicit in that today. But if you've listened to other Fed speakers in the last couple of weeks, it's the same message.\"With investors repositioning after absorbing the speech, the Cboe Volatility Index jumped 3.78 points to 25.56, its highest close in six weeks.All the 11 major S&P 500 sectors were lower, led by declines of between 3.9% and 4.3% in the information technology , communication services and consumer discretionary indexes.The S&P 500 lost 141.46 points, or 3.37%, to end at 4,057.66 points, while the Nasdaq Composite lost 497.56 points, or 3.94%, to 12,141.71. The Dow Jones Industrial Average fell 1,008.38 points, or 3.03%, to 32,283.40.High-growth and technology stocks dropped. Nvidia Corp and Amazon.com Inc fell 9.2% and 4.8%, respectively, having led gainers in the previous session. Meanwhile, Google-parent Alphabet Inc, Meta Platforms Inc, and Block Inc also dipped between 4.1% and 7.7%.U.S. stock indexes have retreated since the turn of the year as investors priced in the expectation of aggressive interest rate hikes and a slowing economy.But they have recovered strongly since June, with the S&P 500 recouping nearly half its losses for the year on stronger-than-expected quarterly earnings and hopes decades-high inflation has peaked.However, Friday's falls wiped out the modest August gains which all three benchmarks had previously carved out, and sent the trio to their second straight week of declines.For the week, the Nasdaq slid 4.4%, the Dow lost 4.2%, and the S&P 500 fell 4%.Data earlier showed consumer spending barely rose in July, but inflation eased considerably, which could give the Fed room to trim its aggressive interest rate increases.Dell Technologies Inc fell 13.5% as it joined rivals in predicting a slowdown as inflation and the darkening economic outlook prompt consumers and businesses to tighten their purse strings.Affirm Holdings Inc tumbled 21.3% after the buy-now-pay-later lender forecast full-year revenue below Wall Street estimates, underscoring the broader downturn in the fortunes of the once high-flying fintech sector.Volume on U.S. exchanges was 10.37 billion shares, compared with the 10.64 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9995732802,"gmtCreate":1661515971509,"gmtModify":1676536533238,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995732802","repostId":"1142014925","repostType":4,"repost":{"id":"1142014925","pubTimestamp":1661513789,"share":"https://ttm.financial/m/news/1142014925?lang=&edition=fundamental","pubTime":"2022-08-26 19:36","market":"us","language":"en","title":"Rumor: Amazon Set to Buy Electronic Arts","url":"https://stock-news.laohu8.com/highlight/detail?id=1142014925","media":"USA Today","summary":"According to GLHF sources, Amazon will announce today that it has put in a formal offer to acquire E","content":"<html><head></head><body><p>According to GLHF sources, Amazon will announce today that it has put in a formal offer to acquire Electronic Arts (EA), the publisher behind <i>Apex Legends</i> ,<i>FIFA</i>, <i>Madden</i>, and more.</p><p>Rumors have been circling online for a few weeks about a potential EA buyout, with Apple, Disney, and Amazon listed as potential buyers. As per our sources, Amazon has finally made an offer.</p><p>It’s a smart business move from Amazon, which is also making big moves in television. After the success of<i>The Witcher</i>and<i>Arcane</i>on Netflix — both shows built around big video games — Amazon could potentially use EA’s franchises as settings for new shows.<i>Mass Effect</i>,<i>Dragon Age</i>,<i>Dead Space</i>— there’s plenty of potential in EA’s library for transmedia opportunities.</p><p>This news comes after a range of unprecedented acquisitions and consolidation in the video game space, with the biggest of them being Microsoft’s purchase of Acitivison Blizzard for $69 billion.</p><p>According to our sources, the announcement will be made later today. We’ve reached out to Amazon and EA for comment and will update you if we hear anything back.</p><p>Electronic Arts shares surged 14% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/bbcea9d90fda31c8a54e45322c3d840a\" tg-width=\"841\" tg-height=\"619\" width=\"100%\" height=\"auto\"/></p></body></html>","source":"lsy1624439865427","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>Rumor: Amazon Set to Buy Electronic Arts</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\">\nRumor: Amazon Set to Buy Electronic Arts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-26 19:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://ftw.usatoday.com/2022/08/amazon-buy-electronic-arts><strong>USA Today</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>According to GLHF sources, Amazon will announce today that it has put in a formal offer to acquire Electronic Arts (EA), the publisher behind Apex Legends ,FIFA, Madden, and more.Rumors have been ...</p>\n\n<a href=\"https://ftw.usatoday.com/2022/08/amazon-buy-electronic-arts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","EA":"艺电"},"source_url":"https://ftw.usatoday.com/2022/08/amazon-buy-electronic-arts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142014925","content_text":"According to GLHF sources, Amazon will announce today that it has put in a formal offer to acquire Electronic Arts (EA), the publisher behind Apex Legends ,FIFA, Madden, and more.Rumors have been circling online for a few weeks about a potential EA buyout, with Apple, Disney, and Amazon listed as potential buyers. As per our sources, Amazon has finally made an offer.It’s a smart business move from Amazon, which is also making big moves in television. After the success ofThe WitcherandArcaneon Netflix — both shows built around big video games — Amazon could potentially use EA’s franchises as settings for new shows.Mass Effect,Dragon Age,Dead Space— there’s plenty of potential in EA’s library for transmedia opportunities.This news comes after a range of unprecedented acquisitions and consolidation in the video game space, with the biggest of them being Microsoft’s purchase of Acitivison Blizzard for $69 billion.According to our sources, the announcement will be made later today. We’ve reached out to Amazon and EA for comment and will update you if we hear anything back.Electronic Arts shares surged 14% in premarket trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":71,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9995732353,"gmtCreate":1661515915475,"gmtModify":1676536533236,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995732353","repostId":"1150012863","repostType":2,"repost":{"id":"1150012863","pubTimestamp":1661515718,"share":"https://ttm.financial/m/news/1150012863?lang=&edition=fundamental","pubTime":"2022-08-26 20:08","market":"us","language":"en","title":"China and U.S Sign Agreement on Audit Dispute","url":"https://stock-news.laohu8.com/highlight/detail?id=1150012863","media":"PCAOB","summary":"FACT SHEET: CHINA AGREEMENTStatement of Protocol Marks First Step Toward Complete Access for PCAOB t","content":"<html><head></head><body><p><b>FACT SHEET: CHINA AGREEMENT</b></p><p>Statement of Protocol Marks First Step Toward Complete Access for PCAOB to Select, Inspect and Investigate in China</p><p>Washington, Aug. 26, 2022</p><p>On August 26, 2022, the Public Company Accounting Oversight Board (PCAOB) signed a Statement of Protocol with the China Securities Regulatory Commission and the Ministry of Finance of the People&#39;s Republic of China, taking the first step toward opening access for the PCAOB to inspect and investigate registered public accounting firms headquartered in mainland China and Hong Kong completely, consistent with U.S law.</p><p><b>Three Keys to Complete Access</b></p><p><b>This is the most detailed and prescriptive agreement the PCAOB has ever reached with China. Itincludes three provisions that, if abided by, would grant the PCAOB complete access for the first time:</b></p><ol><li><b>The PCAOB has sole discretion to select the firms, audit engagements and potential violations it inspects and investigates – without consultation with, nor input from, Chinese authorities.</b></li><li><b>Procedures are in place for PCAOB inspectors and investigators to view complete audit work papers with all information included and for the PCAOB to retain information as needed.</b></li><li><b>The PCAOB has direct access to interview and take testimony from all personnel associated with the audits the PCAOB inspects or investigates.</b></li></ol><p><b>Only a First Step</b></p><ul><li><b>While significant, the Statement of Protocol is only a first step. The real test comes next, as the PCAOB prepares to have inspectors on the ground by mid-September and begin conducting on-site inspections and investigations of firms headquartered in mainland China and Hong Kong.</b></li><li><b>Whether the PCAOB can make a determination that China is no longer obstructing access depends on whether China abides by this agreement and allows for full and timely access to information.</b></li><li><b>The Holding Foreign Companies Accountable Act is clear that the PCAOB must be able to inspect and investigate “completely,” and the PCAOB will demand the complete access the law requires.</b></li></ul><p><b><i>Additional Background:</i></b> The PCAOB inspects and investigates registered public accounting firms in more than 50 jurisdictions around the world, consistent with its mandate under the Sarbanes-Oxley Act. But, for more than a decade, the PCAOB’s access to inspect and investigate registered public accounting firms in mainland China and Hong Kong has been obstructed.</p><p>In 2020, Congress passed the Holding Foreign Companies Accountable Act (HFCAA). Under the HFCAA, beginning with 2021, after three consecutive years of PCAOB determinations that positions taken by authorities in the People&#39;s Republic of China (PRC) obstructed the PCAOB’s ability to inspect and investigate registered public accounting firms in mainland China and Hong Kong completely, the companies audited by those firms would be subject to a trading prohibition on U.S. markets. Such a trading prohibition would be carried out by the Securities and Exchange Commission (SEC) and would apply to companies the SEC identifies as having used registered public accounting firms in mainland China and Hong Kong for three consecutive years.</p><p>In 2021, the PCAOB made determinations that the positions taken by PRC authorities prevented the PCAOB from inspecting and investigating in mainland China and Hong Kong completely.</p><p>The PCAOB is now required to reassess its determinations by the end of 2022.</p></body></html>","source":"lsy1661516930868","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 and U.S Sign Agreement on Audit Dispute</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 and U.S Sign Agreement on Audit Dispute\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-26 20:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://pcaobus.org/news-events/news-releases/news-release-detail/fact-sheet-china-agreement><strong>PCAOB</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FACT SHEET: CHINA AGREEMENTStatement of Protocol Marks First Step Toward Complete Access for PCAOB to Select, Inspect and Investigate in ChinaWashington, Aug. 26, 2022On August 26, 2022, the Public ...</p>\n\n<a href=\"https://pcaobus.org/news-events/news-releases/news-release-detail/fact-sheet-china-agreement\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BILI":"哔哩哔哩","BIDU":"百度","NIO":"蔚来","LI":"理想汽车","JD":"京东","BABA":"阿里巴巴","XPEV":"小鹏汽车","PDD":"拼多多","NTES":"网易","BEKE":"贝壳"},"source_url":"https://pcaobus.org/news-events/news-releases/news-release-detail/fact-sheet-china-agreement","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150012863","content_text":"FACT SHEET: CHINA AGREEMENTStatement of Protocol Marks First Step Toward Complete Access for PCAOB to Select, Inspect and Investigate in ChinaWashington, Aug. 26, 2022On August 26, 2022, the Public Company Accounting Oversight Board (PCAOB) signed a Statement of Protocol with the China Securities Regulatory Commission and the Ministry of Finance of the People's Republic of China, taking the first step toward opening access for the PCAOB to inspect and investigate registered public accounting firms headquartered in mainland China and Hong Kong completely, consistent with U.S law.Three Keys to Complete AccessThis is the most detailed and prescriptive agreement the PCAOB has ever reached with China. Itincludes three provisions that, if abided by, would grant the PCAOB complete access for the first time:The PCAOB has sole discretion to select the firms, audit engagements and potential violations it inspects and investigates – without consultation with, nor input from, Chinese authorities.Procedures are in place for PCAOB inspectors and investigators to view complete audit work papers with all information included and for the PCAOB to retain information as needed.The PCAOB has direct access to interview and take testimony from all personnel associated with the audits the PCAOB inspects or investigates.Only a First StepWhile significant, the Statement of Protocol is only a first step. The real test comes next, as the PCAOB prepares to have inspectors on the ground by mid-September and begin conducting on-site inspections and investigations of firms headquartered in mainland China and Hong Kong.Whether the PCAOB can make a determination that China is no longer obstructing access depends on whether China abides by this agreement and allows for full and timely access to information.The Holding Foreign Companies Accountable Act is clear that the PCAOB must be able to inspect and investigate “completely,” and the PCAOB will demand the complete access the law requires.Additional Background: The PCAOB inspects and investigates registered public accounting firms in more than 50 jurisdictions around the world, consistent with its mandate under the Sarbanes-Oxley Act. But, for more than a decade, the PCAOB’s access to inspect and investigate registered public accounting firms in mainland China and Hong Kong has been obstructed.In 2020, Congress passed the Holding Foreign Companies Accountable Act (HFCAA). Under the HFCAA, beginning with 2021, after three consecutive years of PCAOB determinations that positions taken by authorities in the People's Republic of China (PRC) obstructed the PCAOB’s ability to inspect and investigate registered public accounting firms in mainland China and Hong Kong completely, the companies audited by those firms would be subject to a trading prohibition on U.S. markets. Such a trading prohibition would be carried out by the Securities and Exchange Commission (SEC) and would apply to companies the SEC identifies as having used registered public accounting firms in mainland China and Hong Kong for three consecutive years.In 2021, the PCAOB made determinations that the positions taken by PRC authorities prevented the PCAOB from inspecting and investigating in mainland China and Hong Kong completely.The PCAOB is now required to reassess its determinations by the end of 2022.","news_type":1},"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9900349152,"gmtCreate":1658646716376,"gmtModify":1676536187295,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Good analysis","listText":"Good analysis","text":"Good analysis","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9900349152","repostId":"2253060728","repostType":2,"repost":{"id":"2253060728","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":1658631601,"share":"https://ttm.financial/m/news/2253060728?lang=&edition=fundamental","pubTime":"2022-07-24 11:00","market":"us","language":"en","title":"Amazon Is Ready To Rise Again","url":"https://stock-news.laohu8.com/highlight/detail?id=2253060728","media":"Dow Jones","summary":"Amazon's recent struggles in e-commerce are masking its continued dominance in the cloud. For invest","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/AMZN\">Amazon</a>&#39;s recent struggles in e-commerce are masking its continued dominance in the cloud. For investors, it&#39;s time to refocus. Amazon shares have never looked more attractive than they do right now.</p><p>Amazon.com has reported earnings about 100 times since it went public in 1997. Every one of those quarterly reports has shown a growing company, despite plenty of ups and downs in the economy -- and the internet. Amazon&#39;s worst quarter came in September 2001, when the internet bubble was blowing apart. Even then, revenue grew slightly from a year earlier. Now, though, Amazon&#39;s streak may be coming to an end.</p><p>When Amazon (AMZN) reports second-quarter earnings on July 28, Wall Street analysts expect revenue growth of just 5%. That&#39;s a tepid number by Amazon standards, and if things are just slightly worse than expected, revenue could actually decline. It would be a telling moment, with Amazon facing its greatest set of challenges since founder Jeff Bezos began selling books out of his house almost 30 years ago.</p><p>The company&#39;s longtime advantage in e-commerce has arguably become a weakness, with physical stores enjoying a post-Covid renaissance. Elevated fuel costs, meanwhile, are crimping Amazon&#39;s profits, with the cost of deliveries and returns on the rise.</p><p>Amazon&#39;s profit margins have never been rich, but analysts forecast a razor-thin 1.8% operating margin in the second quarter. After years of giving Amazon a pass on profits, investors have grown impatient. Since peaking last July, the stock is down 33% to a recent $125, shedding more than $600 billion in market value. Seen through the e-commerce lens, Amazon is one more struggling tech company.</p><p>And yet none of that should matter. Investors&#39; preoccupation with Amazon&#39;s retail operations overlooks the company&#39;s transformation. This year, the Amazon Web Services cloud business will be about 15% of the company&#39;s total revenue but more than 100% of its profits. Before, during, and after pandemic lockdowns, AWS revenue grew at a 30%-plus quarterly clip. In the long term, those trends should continue.</p><p>Meanwhile, Amazon has an advertising business that has annualized revenue of close to $40 billion. That&#39;s nearly four times the size of Twitter (TWTR) and Snap <a href=\"https://laohu8.com/S/SNAP\">$(SNAP)$</a> combined. And it&#39;s a media company that now controls the rights to a weekly National Football League game, a package that was once exclusive to broadcast giants Comcast <a href=\"https://laohu8.com/S/CMCSA\">$(CMCSA)$</a>, Fox <a href=\"https://laohu8.com/S/FOXA\">$(FOXA)$</a>, <a href=\"https://laohu8.com/S/PARA\">Paramount Global</a> (PARA), and Walt Disney <a href=\"https://laohu8.com/S/DIS\">$(DIS)$</a> . There&#39;s also a growing logistics operation that increasingly rivals FedEx <a href=\"https://laohu8.com/S/FDX.AU\">$(FDX.AU)$</a> and United Parcel Service <a href=\"https://laohu8.com/S/UPS\">$(UPS)$</a>.</p><p>The challenge for investors is that the sprawling operation has made Amazon difficult to value. It&#39;s worth the effort -- Amazon shares have rarely been more attractive. The stock could double, or triple, over the next few years. Yes, the latest quarter will be bad. But the future couldn&#39;t be brighter.</p><p>Gene Munster, a portfolio manager at Loup Ventures, says his firm has been adding to its Amazon position. While Munster concedes that investors are concerned about e-commerce profitability in the short run, he&#39;s convinced that in the long run, &#34;no one is going to compete with Amazon&#34; in online shopping. Munster figures that AWS and the ad business together will generate $45 billion in operating income this year. Value that at 25 times earnings, says Munster, and you get $1.1 trillion, which is just about the company&#39;s current total market value. That means investors are currently getting everything else free: online stores, Prime, logistics, Whole Foods Market, and a host of other businesses that Amazon has acquired over the years.</p><p>Says Munster: &#34;It&#39;s hard not to like Amazon at this valuation.&#34;</p><p>To be sure, Amazon continues to face bad publicity. The company is pushing back against unions trying to organize Amazon workers, a difficult balance for a company that claims to be Earth&#39;s best employer. The company is also dealing with a newly empowered Federal Trade Commission led by Chair Lina Khan, who once wrote in the Yale Law Review that Amazon&#39;s dominant market position was clear evidence that U.S. antitrust laws weren&#39;t effectively regulating the U.S. internet sector. Amazon is sure to face intense government scrutiny for future acquisitions. And it could be forced to make concessions to the government.</p><p>For now, though, Amazon is still finding ways to grow through deals. Just this past week, the company agreed to buy One Medical, an owner of membership-based healthcare clinics, for $3.9 billion.</p><p>There&#39;s also a chance the slowing economy could weigh on AWS sales for the next few quarters. For this year, Wall Street currently expects total Amazon revenue of $520 billion, up 11%, with profits of 56 cents a share, down from $3.24 a year earlier.</p><p>But to Amazon bulls, the issues plaguing the company are fleeting and priced in. While the economy could fall into recession later this year or in 2023, that recession won&#39;t be permanent. Meanwhile, the e-commerce market continues to expand, and Amazon&#39;s slice of the pie remains vast, at about 40%. There&#39;s still room for additional market share gains, too.</p><p>The company&#39;s advertising business, meanwhile, is on the rise. Given Apple&#39;s <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> tough stance on sharing information about consumer activity on the iPhone, advertisers are looking beyond <a href=\"https://laohu8.com/S/META\">Meta Platforms</a>&#39; <a href=\"https://laohu8.com/S/META.UK\">$(META.UK)$</a> Facebook, Alphabet&#39;s <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a> YouTube, and Snap for places to spend their ad dollars. Many ad buyers are turning to options where consumer buying intent is clear on the surface. Meta has to infer what you might want to buy; in Amazon&#39;s case, consumers type their exact shopping interests into a search box. In a marketplace crowded with consumer choice, Amazon&#39;s ad market is a gold mine.</p><p>And then there&#39;s Amazon Web Services, the company&#39;s mammoth cloud-computing platform. Since the company began breaking out results for AWS in 2015, the business has accounted for more than half of Amazon&#39;s operating profits, including almost 75% of the total in 2021. In 2022, with e-commerce operations likely to lose money, AWS is forecast to constitute 150% of Amazon&#39;s operating income.</p><p>With revenue close to $82 billion, AWS is one of the world&#39;s largest software and services companies -- bigger than Oracle <a href=\"https://laohu8.com/S/ORCL\">$(ORCL)$</a>, IBM <a href=\"https://laohu8.com/S/IBM\">$(IBM)$</a>, or SAP <a href=\"https://laohu8.com/S/SAP\">$(SAP)$</a>, and more than twice the size of Salesforce <a href=\"https://laohu8.com/S/CRM.AU\">$(CRM.AU)$</a>, the largest of the so-called software-as-a-service companies. And AWS is going to get a lot bigger. It&#39;s no wonder that when Bezos chose to step down as CEO in 2021, he chose as his successor AWS architect Andy Jassy. (Amazon declined to make Jassy or any other executives available for this story, citing the quiet period ahead of earnings.)</p><p>One of Wall Street&#39;s favorite strategies for assessing corporate value is a &#34;sum of the parts&#34; approach: Make a list of what the company owns, put a value on each part, then add it all up.</p><p>For some of Amazon&#39;s businesses, appropriate comparisons are hard to find. There are no pure-play public cloud stocks that look anything like AWS; its primary rivals -- Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> Azure and Google Cloud -- are likewise buried inside large businesses. Amazon&#39;s ad business is valuable, but it&#39;s linked to the core e-commerce business and therefore defies an easy value.</p><p>Then there&#39;s Amazon Prime, which includes a Netflix-like video streaming service plus a Spotify-like music service. There are other businesses hidden in the company&#39;s financials, including the videogame streaming service Twitch, the audiobook company Audible, the podcasting producer Wondery, and autonomous-vehicle maker Zoox, just to name a few.</p><p>In reporting this story, Barron&#39;s found at least four different attempts by Wall Street analysts to suss out the company&#39;s true value. They involve different parts, different metrics, and varying conclusions. The only consistent theme? Amazon&#39;s parts add up to a lot more than its current market value.</p><p>Let&#39;s start with the entertainment-focused approach from Needham analyst Laura Martin. In her view, a large part of Amazon&#39;s value comes from its media businesses. She values Amazon Prime Video, Amazon Music, Twitch, and advertising at more than $500 billion. She values AWS at $650 billion. Those two numbers give you $1.15 trillion, or roughly Amazon&#39;s current market value. That doesn&#39;t include e-commerce, which Martin&#39;s calculations currently ignore.</p><p>Truist internet analyst Youssef Squali has a different approach. He puts a value of more than $500 billion on Amazon&#39;s &#34;third-party retail&#34; services business, which includes logistics and other services provided to millions of sellers. He adds $172 billion for &#34;first party&#34; retail -- Amazon-branded goods, including electronics like Fire TVs and Kindles, plus thousands of AmazonBasics products. He values the company&#39;s subscription business -- basically Prime -- at a little over $100 billion. Then, he values AWS at $867 billion, using a multiple of 30 times estimated pretax earnings for 2022. (Salesforce, which is growing more slowly than AWS, trades at roughly 30 times pretax earnings.) Ultimately, Squali comes up with an Amazon value of $1.7 trillion.</p><p>J.P. Morgan analyst Doug Anmuth takes the simplest view -- dividing Amazon into two pieces. He pegs the value of AWS at 20 times his estimate of $52 billion in 2023 earnings before interest, taxes, depreciation, and amortization, or Ebitda, which comes to just over $1 trillion. For the retail business, he applies a multiple of 1.25 times his estimated gross merchandise value for 2023, which comes to just over $950 billion. Anmuth notes that Walmart <a href=\"https://laohu8.com/S/WMT\">$(WMT)$</a> trades at about one times GMV, while Amazon&#39;s retail business has &#34;meaningfully higher&#34; growth, meriting a higher multiple. For Anmuth, that&#39;s a total Amazon value of $2 trillion.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Is Ready To Rise Again</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Is Ready To Rise Again\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\">2022-07-24 11:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/AMZN\">Amazon</a>&#39;s recent struggles in e-commerce are masking its continued dominance in the cloud. For investors, it&#39;s time to refocus. Amazon shares have never looked more attractive than they do right now.</p><p>Amazon.com has reported earnings about 100 times since it went public in 1997. Every one of those quarterly reports has shown a growing company, despite plenty of ups and downs in the economy -- and the internet. Amazon&#39;s worst quarter came in September 2001, when the internet bubble was blowing apart. Even then, revenue grew slightly from a year earlier. Now, though, Amazon&#39;s streak may be coming to an end.</p><p>When Amazon (AMZN) reports second-quarter earnings on July 28, Wall Street analysts expect revenue growth of just 5%. That&#39;s a tepid number by Amazon standards, and if things are just slightly worse than expected, revenue could actually decline. It would be a telling moment, with Amazon facing its greatest set of challenges since founder Jeff Bezos began selling books out of his house almost 30 years ago.</p><p>The company&#39;s longtime advantage in e-commerce has arguably become a weakness, with physical stores enjoying a post-Covid renaissance. Elevated fuel costs, meanwhile, are crimping Amazon&#39;s profits, with the cost of deliveries and returns on the rise.</p><p>Amazon&#39;s profit margins have never been rich, but analysts forecast a razor-thin 1.8% operating margin in the second quarter. After years of giving Amazon a pass on profits, investors have grown impatient. Since peaking last July, the stock is down 33% to a recent $125, shedding more than $600 billion in market value. Seen through the e-commerce lens, Amazon is one more struggling tech company.</p><p>And yet none of that should matter. Investors&#39; preoccupation with Amazon&#39;s retail operations overlooks the company&#39;s transformation. This year, the Amazon Web Services cloud business will be about 15% of the company&#39;s total revenue but more than 100% of its profits. Before, during, and after pandemic lockdowns, AWS revenue grew at a 30%-plus quarterly clip. In the long term, those trends should continue.</p><p>Meanwhile, Amazon has an advertising business that has annualized revenue of close to $40 billion. That&#39;s nearly four times the size of Twitter (TWTR) and Snap <a href=\"https://laohu8.com/S/SNAP\">$(SNAP)$</a> combined. And it&#39;s a media company that now controls the rights to a weekly National Football League game, a package that was once exclusive to broadcast giants Comcast <a href=\"https://laohu8.com/S/CMCSA\">$(CMCSA)$</a>, Fox <a href=\"https://laohu8.com/S/FOXA\">$(FOXA)$</a>, <a href=\"https://laohu8.com/S/PARA\">Paramount Global</a> (PARA), and Walt Disney <a href=\"https://laohu8.com/S/DIS\">$(DIS)$</a> . There&#39;s also a growing logistics operation that increasingly rivals FedEx <a href=\"https://laohu8.com/S/FDX.AU\">$(FDX.AU)$</a> and United Parcel Service <a href=\"https://laohu8.com/S/UPS\">$(UPS)$</a>.</p><p>The challenge for investors is that the sprawling operation has made Amazon difficult to value. It&#39;s worth the effort -- Amazon shares have rarely been more attractive. The stock could double, or triple, over the next few years. Yes, the latest quarter will be bad. But the future couldn&#39;t be brighter.</p><p>Gene Munster, a portfolio manager at Loup Ventures, says his firm has been adding to its Amazon position. While Munster concedes that investors are concerned about e-commerce profitability in the short run, he&#39;s convinced that in the long run, &#34;no one is going to compete with Amazon&#34; in online shopping. Munster figures that AWS and the ad business together will generate $45 billion in operating income this year. Value that at 25 times earnings, says Munster, and you get $1.1 trillion, which is just about the company&#39;s current total market value. That means investors are currently getting everything else free: online stores, Prime, logistics, Whole Foods Market, and a host of other businesses that Amazon has acquired over the years.</p><p>Says Munster: &#34;It&#39;s hard not to like Amazon at this valuation.&#34;</p><p>To be sure, Amazon continues to face bad publicity. The company is pushing back against unions trying to organize Amazon workers, a difficult balance for a company that claims to be Earth&#39;s best employer. The company is also dealing with a newly empowered Federal Trade Commission led by Chair Lina Khan, who once wrote in the Yale Law Review that Amazon&#39;s dominant market position was clear evidence that U.S. antitrust laws weren&#39;t effectively regulating the U.S. internet sector. Amazon is sure to face intense government scrutiny for future acquisitions. And it could be forced to make concessions to the government.</p><p>For now, though, Amazon is still finding ways to grow through deals. Just this past week, the company agreed to buy One Medical, an owner of membership-based healthcare clinics, for $3.9 billion.</p><p>There&#39;s also a chance the slowing economy could weigh on AWS sales for the next few quarters. For this year, Wall Street currently expects total Amazon revenue of $520 billion, up 11%, with profits of 56 cents a share, down from $3.24 a year earlier.</p><p>But to Amazon bulls, the issues plaguing the company are fleeting and priced in. While the economy could fall into recession later this year or in 2023, that recession won&#39;t be permanent. Meanwhile, the e-commerce market continues to expand, and Amazon&#39;s slice of the pie remains vast, at about 40%. There&#39;s still room for additional market share gains, too.</p><p>The company&#39;s advertising business, meanwhile, is on the rise. Given Apple&#39;s <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> tough stance on sharing information about consumer activity on the iPhone, advertisers are looking beyond <a href=\"https://laohu8.com/S/META\">Meta Platforms</a>&#39; <a href=\"https://laohu8.com/S/META.UK\">$(META.UK)$</a> Facebook, Alphabet&#39;s <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a> YouTube, and Snap for places to spend their ad dollars. Many ad buyers are turning to options where consumer buying intent is clear on the surface. Meta has to infer what you might want to buy; in Amazon&#39;s case, consumers type their exact shopping interests into a search box. In a marketplace crowded with consumer choice, Amazon&#39;s ad market is a gold mine.</p><p>And then there&#39;s Amazon Web Services, the company&#39;s mammoth cloud-computing platform. Since the company began breaking out results for AWS in 2015, the business has accounted for more than half of Amazon&#39;s operating profits, including almost 75% of the total in 2021. In 2022, with e-commerce operations likely to lose money, AWS is forecast to constitute 150% of Amazon&#39;s operating income.</p><p>With revenue close to $82 billion, AWS is one of the world&#39;s largest software and services companies -- bigger than Oracle <a href=\"https://laohu8.com/S/ORCL\">$(ORCL)$</a>, IBM <a href=\"https://laohu8.com/S/IBM\">$(IBM)$</a>, or SAP <a href=\"https://laohu8.com/S/SAP\">$(SAP)$</a>, and more than twice the size of Salesforce <a href=\"https://laohu8.com/S/CRM.AU\">$(CRM.AU)$</a>, the largest of the so-called software-as-a-service companies. And AWS is going to get a lot bigger. It&#39;s no wonder that when Bezos chose to step down as CEO in 2021, he chose as his successor AWS architect Andy Jassy. (Amazon declined to make Jassy or any other executives available for this story, citing the quiet period ahead of earnings.)</p><p>One of Wall Street&#39;s favorite strategies for assessing corporate value is a &#34;sum of the parts&#34; approach: Make a list of what the company owns, put a value on each part, then add it all up.</p><p>For some of Amazon&#39;s businesses, appropriate comparisons are hard to find. There are no pure-play public cloud stocks that look anything like AWS; its primary rivals -- Microsoft <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> Azure and Google Cloud -- are likewise buried inside large businesses. Amazon&#39;s ad business is valuable, but it&#39;s linked to the core e-commerce business and therefore defies an easy value.</p><p>Then there&#39;s Amazon Prime, which includes a Netflix-like video streaming service plus a Spotify-like music service. There are other businesses hidden in the company&#39;s financials, including the videogame streaming service Twitch, the audiobook company Audible, the podcasting producer Wondery, and autonomous-vehicle maker Zoox, just to name a few.</p><p>In reporting this story, Barron&#39;s found at least four different attempts by Wall Street analysts to suss out the company&#39;s true value. They involve different parts, different metrics, and varying conclusions. The only consistent theme? Amazon&#39;s parts add up to a lot more than its current market value.</p><p>Let&#39;s start with the entertainment-focused approach from Needham analyst Laura Martin. In her view, a large part of Amazon&#39;s value comes from its media businesses. She values Amazon Prime Video, Amazon Music, Twitch, and advertising at more than $500 billion. She values AWS at $650 billion. Those two numbers give you $1.15 trillion, or roughly Amazon&#39;s current market value. That doesn&#39;t include e-commerce, which Martin&#39;s calculations currently ignore.</p><p>Truist internet analyst Youssef Squali has a different approach. He puts a value of more than $500 billion on Amazon&#39;s &#34;third-party retail&#34; services business, which includes logistics and other services provided to millions of sellers. He adds $172 billion for &#34;first party&#34; retail -- Amazon-branded goods, including electronics like Fire TVs and Kindles, plus thousands of AmazonBasics products. He values the company&#39;s subscription business -- basically Prime -- at a little over $100 billion. Then, he values AWS at $867 billion, using a multiple of 30 times estimated pretax earnings for 2022. (Salesforce, which is growing more slowly than AWS, trades at roughly 30 times pretax earnings.) Ultimately, Squali comes up with an Amazon value of $1.7 trillion.</p><p>J.P. Morgan analyst Doug Anmuth takes the simplest view -- dividing Amazon into two pieces. He pegs the value of AWS at 20 times his estimate of $52 billion in 2023 earnings before interest, taxes, depreciation, and amortization, or Ebitda, which comes to just over $1 trillion. For the retail business, he applies a multiple of 1.25 times his estimated gross merchandise value for 2023, which comes to just over $950 billion. Anmuth notes that Walmart <a href=\"https://laohu8.com/S/WMT\">$(WMT)$</a> trades at about one times GMV, while Amazon&#39;s retail business has &#34;meaningfully higher&#34; growth, meriting a higher multiple. For Anmuth, that&#39;s a total Amazon value of $2 trillion.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2253060728","content_text":"Amazon's recent struggles in e-commerce are masking its continued dominance in the cloud. For investors, it's time to refocus. Amazon shares have never looked more attractive than they do right now.Amazon.com has reported earnings about 100 times since it went public in 1997. Every one of those quarterly reports has shown a growing company, despite plenty of ups and downs in the economy -- and the internet. Amazon's worst quarter came in September 2001, when the internet bubble was blowing apart. Even then, revenue grew slightly from a year earlier. Now, though, Amazon's streak may be coming to an end.When Amazon (AMZN) reports second-quarter earnings on July 28, Wall Street analysts expect revenue growth of just 5%. That's a tepid number by Amazon standards, and if things are just slightly worse than expected, revenue could actually decline. It would be a telling moment, with Amazon facing its greatest set of challenges since founder Jeff Bezos began selling books out of his house almost 30 years ago.The company's longtime advantage in e-commerce has arguably become a weakness, with physical stores enjoying a post-Covid renaissance. Elevated fuel costs, meanwhile, are crimping Amazon's profits, with the cost of deliveries and returns on the rise.Amazon's profit margins have never been rich, but analysts forecast a razor-thin 1.8% operating margin in the second quarter. After years of giving Amazon a pass on profits, investors have grown impatient. Since peaking last July, the stock is down 33% to a recent $125, shedding more than $600 billion in market value. Seen through the e-commerce lens, Amazon is one more struggling tech company.And yet none of that should matter. Investors' preoccupation with Amazon's retail operations overlooks the company's transformation. This year, the Amazon Web Services cloud business will be about 15% of the company's total revenue but more than 100% of its profits. Before, during, and after pandemic lockdowns, AWS revenue grew at a 30%-plus quarterly clip. In the long term, those trends should continue.Meanwhile, Amazon has an advertising business that has annualized revenue of close to $40 billion. That's nearly four times the size of Twitter (TWTR) and Snap $(SNAP)$ combined. And it's a media company that now controls the rights to a weekly National Football League game, a package that was once exclusive to broadcast giants Comcast $(CMCSA)$, Fox $(FOXA)$, Paramount Global (PARA), and Walt Disney $(DIS)$ . There's also a growing logistics operation that increasingly rivals FedEx $(FDX.AU)$ and United Parcel Service $(UPS)$.The challenge for investors is that the sprawling operation has made Amazon difficult to value. It's worth the effort -- Amazon shares have rarely been more attractive. The stock could double, or triple, over the next few years. Yes, the latest quarter will be bad. But the future couldn't be brighter.Gene Munster, a portfolio manager at Loup Ventures, says his firm has been adding to its Amazon position. While Munster concedes that investors are concerned about e-commerce profitability in the short run, he's convinced that in the long run, \"no one is going to compete with Amazon\" in online shopping. Munster figures that AWS and the ad business together will generate $45 billion in operating income this year. Value that at 25 times earnings, says Munster, and you get $1.1 trillion, which is just about the company's current total market value. That means investors are currently getting everything else free: online stores, Prime, logistics, Whole Foods Market, and a host of other businesses that Amazon has acquired over the years.Says Munster: \"It's hard not to like Amazon at this valuation.\"To be sure, Amazon continues to face bad publicity. The company is pushing back against unions trying to organize Amazon workers, a difficult balance for a company that claims to be Earth's best employer. The company is also dealing with a newly empowered Federal Trade Commission led by Chair Lina Khan, who once wrote in the Yale Law Review that Amazon's dominant market position was clear evidence that U.S. antitrust laws weren't effectively regulating the U.S. internet sector. Amazon is sure to face intense government scrutiny for future acquisitions. And it could be forced to make concessions to the government.For now, though, Amazon is still finding ways to grow through deals. Just this past week, the company agreed to buy One Medical, an owner of membership-based healthcare clinics, for $3.9 billion.There's also a chance the slowing economy could weigh on AWS sales for the next few quarters. For this year, Wall Street currently expects total Amazon revenue of $520 billion, up 11%, with profits of 56 cents a share, down from $3.24 a year earlier.But to Amazon bulls, the issues plaguing the company are fleeting and priced in. While the economy could fall into recession later this year or in 2023, that recession won't be permanent. Meanwhile, the e-commerce market continues to expand, and Amazon's slice of the pie remains vast, at about 40%. There's still room for additional market share gains, too.The company's advertising business, meanwhile, is on the rise. Given Apple's $(AAPL)$ tough stance on sharing information about consumer activity on the iPhone, advertisers are looking beyond Meta Platforms' $(META.UK)$ Facebook, Alphabet's $(GOOGL)$ YouTube, and Snap for places to spend their ad dollars. Many ad buyers are turning to options where consumer buying intent is clear on the surface. Meta has to infer what you might want to buy; in Amazon's case, consumers type their exact shopping interests into a search box. In a marketplace crowded with consumer choice, Amazon's ad market is a gold mine.And then there's Amazon Web Services, the company's mammoth cloud-computing platform. Since the company began breaking out results for AWS in 2015, the business has accounted for more than half of Amazon's operating profits, including almost 75% of the total in 2021. In 2022, with e-commerce operations likely to lose money, AWS is forecast to constitute 150% of Amazon's operating income.With revenue close to $82 billion, AWS is one of the world's largest software and services companies -- bigger than Oracle $(ORCL)$, IBM $(IBM)$, or SAP $(SAP)$, and more than twice the size of Salesforce $(CRM.AU)$, the largest of the so-called software-as-a-service companies. And AWS is going to get a lot bigger. It's no wonder that when Bezos chose to step down as CEO in 2021, he chose as his successor AWS architect Andy Jassy. (Amazon declined to make Jassy or any other executives available for this story, citing the quiet period ahead of earnings.)One of Wall Street's favorite strategies for assessing corporate value is a \"sum of the parts\" approach: Make a list of what the company owns, put a value on each part, then add it all up.For some of Amazon's businesses, appropriate comparisons are hard to find. There are no pure-play public cloud stocks that look anything like AWS; its primary rivals -- Microsoft $(MSFT)$ Azure and Google Cloud -- are likewise buried inside large businesses. Amazon's ad business is valuable, but it's linked to the core e-commerce business and therefore defies an easy value.Then there's Amazon Prime, which includes a Netflix-like video streaming service plus a Spotify-like music service. There are other businesses hidden in the company's financials, including the videogame streaming service Twitch, the audiobook company Audible, the podcasting producer Wondery, and autonomous-vehicle maker Zoox, just to name a few.In reporting this story, Barron's found at least four different attempts by Wall Street analysts to suss out the company's true value. They involve different parts, different metrics, and varying conclusions. The only consistent theme? Amazon's parts add up to a lot more than its current market value.Let's start with the entertainment-focused approach from Needham analyst Laura Martin. In her view, a large part of Amazon's value comes from its media businesses. She values Amazon Prime Video, Amazon Music, Twitch, and advertising at more than $500 billion. She values AWS at $650 billion. Those two numbers give you $1.15 trillion, or roughly Amazon's current market value. That doesn't include e-commerce, which Martin's calculations currently ignore.Truist internet analyst Youssef Squali has a different approach. He puts a value of more than $500 billion on Amazon's \"third-party retail\" services business, which includes logistics and other services provided to millions of sellers. He adds $172 billion for \"first party\" retail -- Amazon-branded goods, including electronics like Fire TVs and Kindles, plus thousands of AmazonBasics products. He values the company's subscription business -- basically Prime -- at a little over $100 billion. Then, he values AWS at $867 billion, using a multiple of 30 times estimated pretax earnings for 2022. (Salesforce, which is growing more slowly than AWS, trades at roughly 30 times pretax earnings.) Ultimately, Squali comes up with an Amazon value of $1.7 trillion.J.P. Morgan analyst Doug Anmuth takes the simplest view -- dividing Amazon into two pieces. He pegs the value of AWS at 20 times his estimate of $52 billion in 2023 earnings before interest, taxes, depreciation, and amortization, or Ebitda, which comes to just over $1 trillion. For the retail business, he applies a multiple of 1.25 times his estimated gross merchandise value for 2023, which comes to just over $950 billion. Anmuth notes that Walmart $(WMT)$ trades at about one times GMV, while Amazon's retail business has \"meaningfully higher\" growth, meriting a higher multiple. For Anmuth, that's a total Amazon value of $2 trillion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":37,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9934068314,"gmtCreate":1663162436938,"gmtModify":1676537217075,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9934068314","repostId":"1180337717","repostType":4,"repost":{"id":"1180337717","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":1663157608,"share":"https://ttm.financial/m/news/1180337717?lang=&edition=fundamental","pubTime":"2022-09-14 20:13","market":"us","language":"en","title":"Starbucks Raised to $100; SoFi Raised to $9｜Price Target Changes","url":"https://stock-news.laohu8.com/highlight/detail?id=1180337717","media":"Benzinga","summary":"Barclays raised the price target on Starbucks Corporation from $96 to $100. Barclays analyst Jeffrey","content":"<html><head></head><body><p>Barclays raised the price target on <b>Starbucks Corporation</b> from $96 to $100. Barclays analyst Jeffrey Bernstein maintained the stock with an Overweight rating. Starbucks shares rose 1.6% to $89.21 in pre-market trading.</p><p>Cowen &amp; Co. cut <b>Avantor, Inc.</b> price target from $39 to $28. Cowen &amp; Co. analyst Dan Brennan downgraded the stock from Outperform to Market Perform. Avantor shares fell 1.1% to $23.46 in pre-market trading.</p><p>B of A Securities raised <b>SoFi Technologies, Inc.</b> price target from $8 to $9. B of A Securities analyst Mihir Bhatia also upgraded the stock from Neutral to Buy. SoFi Technologies shares rose 3.1% to $6.02 in pre-market trading.</p><p>Goldman Sachs boosted <b>Constellation Energy Corporation</b> price target from $74 to $94. Goldman Sachs analyst Michael Lapides maintained a Buy rating on the stock. Constellation Energy shares fell 2% to close at $86.38 on Tuesday.</p><p>RBC Capital cut <b>TaskUs, Inc.</b> price target from $36 to $26. RBC Capital analyst Daniel Perlin maintained the stock with an Outperform. TaskUs fell 5.2% to $17.22 in pre-market trading.</p><p>Credit Suisse lowered <b>TD SYNNEX Corporation</b> price target from $115 to $110. Credit Suisse analyst Shannon Cross maintained a Neutral rating on the stock. TD SYNNEX shares fell 5.5% to close at $92.66 on Tuesday.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Starbucks Raised to $100; SoFi Raised to $9｜Price Target Changes</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\">\nStarbucks Raised to $100; SoFi Raised to $9｜Price Target Changes\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\">2022-09-14 20:13</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Barclays raised the price target on <b>Starbucks Corporation</b> from $96 to $100. Barclays analyst Jeffrey Bernstein maintained the stock with an Overweight rating. Starbucks shares rose 1.6% to $89.21 in pre-market trading.</p><p>Cowen &amp; Co. cut <b>Avantor, Inc.</b> price target from $39 to $28. Cowen &amp; Co. analyst Dan Brennan downgraded the stock from Outperform to Market Perform. Avantor shares fell 1.1% to $23.46 in pre-market trading.</p><p>B of A Securities raised <b>SoFi Technologies, Inc.</b> price target from $8 to $9. B of A Securities analyst Mihir Bhatia also upgraded the stock from Neutral to Buy. SoFi Technologies shares rose 3.1% to $6.02 in pre-market trading.</p><p>Goldman Sachs boosted <b>Constellation Energy Corporation</b> price target from $74 to $94. Goldman Sachs analyst Michael Lapides maintained a Buy rating on the stock. Constellation Energy shares fell 2% to close at $86.38 on Tuesday.</p><p>RBC Capital cut <b>TaskUs, Inc.</b> price target from $36 to $26. RBC Capital analyst Daniel Perlin maintained the stock with an Outperform. TaskUs fell 5.2% to $17.22 in pre-market trading.</p><p>Credit Suisse lowered <b>TD SYNNEX Corporation</b> price target from $115 to $110. Credit Suisse analyst Shannon Cross maintained a Neutral rating on the stock. TD SYNNEX shares fell 5.5% to close at $92.66 on Tuesday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNX":"新聚思","SBUX":"星巴克","CEG":"Constellation Energy Corp","AVTR":"Avantor, Inc.","TASK":"TaskUs Inc.","SOFI":"SoFi Technologies Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180337717","content_text":"Barclays raised the price target on Starbucks Corporation from $96 to $100. Barclays analyst Jeffrey Bernstein maintained the stock with an Overweight rating. Starbucks shares rose 1.6% to $89.21 in pre-market trading.Cowen & Co. cut Avantor, Inc. price target from $39 to $28. Cowen & Co. analyst Dan Brennan downgraded the stock from Outperform to Market Perform. Avantor shares fell 1.1% to $23.46 in pre-market trading.B of A Securities raised SoFi Technologies, Inc. price target from $8 to $9. B of A Securities analyst Mihir Bhatia also upgraded the stock from Neutral to Buy. SoFi Technologies shares rose 3.1% to $6.02 in pre-market trading.Goldman Sachs boosted Constellation Energy Corporation price target from $74 to $94. Goldman Sachs analyst Michael Lapides maintained a Buy rating on the stock. Constellation Energy shares fell 2% to close at $86.38 on Tuesday.RBC Capital cut TaskUs, Inc. price target from $36 to $26. RBC Capital analyst Daniel Perlin maintained the stock with an Outperform. TaskUs fell 5.2% to $17.22 in pre-market trading.Credit Suisse lowered TD SYNNEX Corporation price target from $115 to $110. Credit Suisse analyst Shannon Cross maintained a Neutral rating on the stock. TD SYNNEX shares fell 5.5% to close at $92.66 on Tuesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9074724528,"gmtCreate":1658414387864,"gmtModify":1676536155208,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>Finally&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>Finally&nbsp;","text":"$Tesla Motors(TSLA)$Finally","images":[{"img":"https://community-static.tradeup.com/news/b6b9f7c5ffb70b8f5454394597b5877d","width":"1284","height":"2538"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9074724528","isVote":1,"tweetType":1,"viewCount":84,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9989639532,"gmtCreate":1665982024526,"gmtModify":1676537687440,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9989639532","repostId":"2275499673","repostType":2,"isVote":1,"tweetType":1,"viewCount":651,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917211606,"gmtCreate":1665530051506,"gmtModify":1676537620252,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9917211606","repostId":"1181552964","repostType":4,"repost":{"id":"1181552964","pubTimestamp":1665529467,"share":"https://ttm.financial/m/news/1181552964?lang=&edition=fundamental","pubTime":"2022-10-12 07:04","market":"us","language":"en","title":"Meta Debuts $1,500 VR Headset Targeting Working Professionals","url":"https://stock-news.laohu8.com/highlight/detail?id=1181552964","media":"Bloomberg","summary":"The Quest Pro is the latest device in Zuckerberg’s metaverse pursuitMeta Quest Pro Source: MetaMeta ","content":"<html><head></head><body><p>The Quest Pro is the latest device in Zuckerberg’s metaverse pursuit</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b1594287c89427ac7309ec8be2438c5c\" tg-width=\"1000\" tg-height=\"551\" width=\"100%\" height=\"auto\"/><span>Meta Quest Pro Source: Meta</span></p><p>Meta Platforms Inc. unveiled its newest virtual-reality headset on Tuesday, a foray into the world of high-end VR devices designed to entice creators and working professionals to adopt Mark Zuckerberg’s vision for an immersive digital future.</p><p>The Meta Quest Pro is the company’s latest offering in a product line previously branded as Oculus. The Quest Pro includes a number of technological advancements from the company’s Quest 2 headset, which was launched in late 2020.</p><p>The new headset is also much pricier than its predecessor — it will cost $1,500, or three times the price of the Quest 2, in part because the company is targeting more serious working professionals. With the new device, Facebook parent Meta is seeking to transcend the notion that VR is primarily the realm of gamers, an effort to broaden its audience. Meta’s Quest 2 headset has sold an estimated 15 million units.</p><p>“It’s work-focused,” Meta Chief Executive Officer Zuckerberg told a small group of reporters in late September. “The ideal customers for this [are] gonna be either people who just want the highest-end VR device — so enthusiasts, prosumer type folks — or people who are trying to get work done.”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4dee0059cc989178dbbccd95bbddbf65\" tg-width=\"1000\" tg-height=\"577\" width=\"100%\" height=\"auto\"/><span>Multitasking with the Meta Quest ProSource: Meta</span></p><p>Some of the Quest Pro’s new features are built for this work-focused audience, and would be particularly useful for people taking meetings in VR while working remotely. The device includes face- and eye-tracking, which can be used to humanize avatars so that conversations in VR feel more personal. It also has what Meta calls a “full-color mixed realityexperience,” which uses cameras on the outside of the headset to let people see the world around them and overlay graphics while wearing the device. (The Quest 2 also has this mixed reality feature, but only in black and white.)</p><p>Meta is also launching new “self-tracking” controllers alongside its new headset, which means each controller has built-in sensors that can “track their position in 3D space independent ofthe headset,” according to Meta’s blog post about the product.</p><p>Meta and Zuckerberg have been teasing the Quest Pro for months, and many of the gadget’s details leaked ahead of Tuesday’s announcement at the company’s annual Connect conference. Still, Meta’s research in developing virtual and augmented reality headsets is key to plans for the so-called metaverse, an immersive version of the internet where Zuckerberg hopes people will eventually work and play.</p><p>Someday users may access the metaverse as digital avatars through devices like the Quest Pro, and eventually through augmented reality glasses intended to look like ordinary reading spectacles. That vision is still far off — and costing Meta tens of billions of dollars in the interim. The company said investments in its Reality Labs division, which is responsible for building the metaverse, cut operating profits by $10 billion in 2021.  Meta’s shares have tumbled more than 60% this year.</p><p>For now Meta is promoting the Quest Pro as an important tool for working remotely, and is teaming up with Microsoft Corp. to offer Microsoft Teams and Microsoft 365 office-productivity software on the new devices. Microsoft CEO Satya Nadella appeared on video alongside Zuckerberg Tuesday announcing the partnership and promoting the new headset, saying, “we are going through a once-in-a-lifetime change in how we work.”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1b68201c433089a2ccfa534bdcc1c77d\" tg-width=\"1000\" tg-height=\"625\" width=\"100%\" height=\"auto\"/><span>Meta Quest Pro Source: Meta</span></p><p>Despite buy-in from some of the world’s biggest tech companies, many observers have raised doubts as to whether Zuckerberg’s vision is even possible. After the CEO recently posted a picture of his own avatar to his Facebook page, he was mocked ruthlessly by people who felt the image looked amateur. He quickly ordered up a more advanced version, and Meta is creating much more sophisticated looking avatars than the one Zuckerberg initially posted. For one thing, some of the new avatars have legs as Zuckerberg demoed them Tuesday — a notable change from previous ones that drew ridicule for looking like floating cartoon torsos.</p><p>Meta is building other technology besides headsets that will play into this vision. While some advances, like the full-color mixed reality and facial-tracking technology, are already available, a lot of the innovations are much further off. That category includes things like easy-to-use 3D scanning so people can photograph or take a video of personal items and quickly upload digital versions of those items to a virtual world. It also includes improved spatial audio so that conversations happening in the metaverse will have the same acoustic feel as those in real life.</p><p>The company is working on a wristband that can detect neurological signals in humans and turn those signals into outputs on a digital screen. The technology essentially turns the human hand into a remote control, a helpful tool when trying to operate a pair of smart glasses.</p><p>Zuckerberg demonstrated this technology to a group of reporters late last month from one of the company’s office buildings near Seattle. The wristband is bulky right now, he acknowledged, but eventually he thinks it will be stylish enough that people always wear it to control the devices around them.</p><p>“I think in the future people will use this to control their phones and computers and all this other stuff,” he said. “You’ll just have a little band around your wrist.”</p><p>“It’s not that far off.” He added. “It’s not this year, but it’s not that far off.”</p><p>The Quest Pro goes on sale starting Tuesday and Meta will begin shipping it on Oct. 25.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Debuts $1,500 VR Headset Targeting Working Professionals</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\">\nMeta Debuts $1,500 VR Headset Targeting Working Professionals\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-12 07:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-10-11/meta-announces-1-500-quest-pro-virtual-reality-headset?srnd=technology-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Quest Pro is the latest device in Zuckerberg’s metaverse pursuitMeta Quest Pro Source: MetaMeta Platforms Inc. unveiled its newest virtual-reality headset on Tuesday, a foray into the world of ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-10-11/meta-announces-1-500-quest-pro-virtual-reality-headset?srnd=technology-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc."},"source_url":"https://www.bloomberg.com/news/articles/2022-10-11/meta-announces-1-500-quest-pro-virtual-reality-headset?srnd=technology-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181552964","content_text":"The Quest Pro is the latest device in Zuckerberg’s metaverse pursuitMeta Quest Pro Source: MetaMeta Platforms Inc. unveiled its newest virtual-reality headset on Tuesday, a foray into the world of high-end VR devices designed to entice creators and working professionals to adopt Mark Zuckerberg’s vision for an immersive digital future.The Meta Quest Pro is the company’s latest offering in a product line previously branded as Oculus. The Quest Pro includes a number of technological advancements from the company’s Quest 2 headset, which was launched in late 2020.The new headset is also much pricier than its predecessor — it will cost $1,500, or three times the price of the Quest 2, in part because the company is targeting more serious working professionals. With the new device, Facebook parent Meta is seeking to transcend the notion that VR is primarily the realm of gamers, an effort to broaden its audience. Meta’s Quest 2 headset has sold an estimated 15 million units.“It’s work-focused,” Meta Chief Executive Officer Zuckerberg told a small group of reporters in late September. “The ideal customers for this [are] gonna be either people who just want the highest-end VR device — so enthusiasts, prosumer type folks — or people who are trying to get work done.”Multitasking with the Meta Quest ProSource: MetaSome of the Quest Pro’s new features are built for this work-focused audience, and would be particularly useful for people taking meetings in VR while working remotely. The device includes face- and eye-tracking, which can be used to humanize avatars so that conversations in VR feel more personal. It also has what Meta calls a “full-color mixed realityexperience,” which uses cameras on the outside of the headset to let people see the world around them and overlay graphics while wearing the device. (The Quest 2 also has this mixed reality feature, but only in black and white.)Meta is also launching new “self-tracking” controllers alongside its new headset, which means each controller has built-in sensors that can “track their position in 3D space independent ofthe headset,” according to Meta’s blog post about the product.Meta and Zuckerberg have been teasing the Quest Pro for months, and many of the gadget’s details leaked ahead of Tuesday’s announcement at the company’s annual Connect conference. Still, Meta’s research in developing virtual and augmented reality headsets is key to plans for the so-called metaverse, an immersive version of the internet where Zuckerberg hopes people will eventually work and play.Someday users may access the metaverse as digital avatars through devices like the Quest Pro, and eventually through augmented reality glasses intended to look like ordinary reading spectacles. That vision is still far off — and costing Meta tens of billions of dollars in the interim. The company said investments in its Reality Labs division, which is responsible for building the metaverse, cut operating profits by $10 billion in 2021.  Meta’s shares have tumbled more than 60% this year.For now Meta is promoting the Quest Pro as an important tool for working remotely, and is teaming up with Microsoft Corp. to offer Microsoft Teams and Microsoft 365 office-productivity software on the new devices. Microsoft CEO Satya Nadella appeared on video alongside Zuckerberg Tuesday announcing the partnership and promoting the new headset, saying, “we are going through a once-in-a-lifetime change in how we work.”Meta Quest Pro Source: MetaDespite buy-in from some of the world’s biggest tech companies, many observers have raised doubts as to whether Zuckerberg’s vision is even possible. After the CEO recently posted a picture of his own avatar to his Facebook page, he was mocked ruthlessly by people who felt the image looked amateur. He quickly ordered up a more advanced version, and Meta is creating much more sophisticated looking avatars than the one Zuckerberg initially posted. For one thing, some of the new avatars have legs as Zuckerberg demoed them Tuesday — a notable change from previous ones that drew ridicule for looking like floating cartoon torsos.Meta is building other technology besides headsets that will play into this vision. While some advances, like the full-color mixed reality and facial-tracking technology, are already available, a lot of the innovations are much further off. That category includes things like easy-to-use 3D scanning so people can photograph or take a video of personal items and quickly upload digital versions of those items to a virtual world. It also includes improved spatial audio so that conversations happening in the metaverse will have the same acoustic feel as those in real life.The company is working on a wristband that can detect neurological signals in humans and turn those signals into outputs on a digital screen. The technology essentially turns the human hand into a remote control, a helpful tool when trying to operate a pair of smart glasses.Zuckerberg demonstrated this technology to a group of reporters late last month from one of the company’s office buildings near Seattle. The wristband is bulky right now, he acknowledged, but eventually he thinks it will be stylish enough that people always wear it to control the devices around them.“I think in the future people will use this to control their phones and computers and all this other stuff,” he said. “You’ll just have a little band around your wrist.”“It’s not that far off.” He added. “It’s not this year, but it’s not that far off.”The Quest Pro goes on sale starting Tuesday and Meta will begin shipping it on Oct. 25.","news_type":1},"isVote":1,"tweetType":1,"viewCount":577,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161540492,"gmtCreate":1623936522116,"gmtModify":1703823914700,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/161540492","repostId":"1153748386","repostType":4,"repost":{"id":"1153748386","pubTimestamp":1623935972,"share":"https://ttm.financial/m/news/1153748386?lang=&edition=fundamental","pubTime":"2021-06-17 21:19","market":"us","language":"en","title":"Billionaire investor David Tepper says the stock market is still fine after Fed announcements","url":"https://stock-news.laohu8.com/highlight/detail?id=1153748386","media":"cnbc","summary":"Hedge fund legendDavid Tepperthinks theFederal Reservedid a good job, showing that policymakers are ","content":"<div>\n<p>Hedge fund legendDavid Tepperthinks theFederal Reservedid a good job, showing that policymakers are not asleep at the wheel.\nThe Appaloosa chief told CNBC’s Scott Wapner that despite the Fed moving up...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/david-tepper-says-the-stock-market-is-still-fine-after-fed-announcements.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>Billionaire investor David Tepper says the stock market is still fine after Fed announcements</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; 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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\">\nBillionaire investor David Tepper says the stock market is still fine after Fed announcements\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 21:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/david-tepper-says-the-stock-market-is-still-fine-after-fed-announcements.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hedge fund legendDavid Tepperthinks theFederal Reservedid a good job, showing that policymakers are not asleep at the wheel.\nThe Appaloosa chief told CNBC’s Scott Wapner that despite the Fed moving up...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/david-tepper-says-the-stock-market-is-still-fine-after-fed-announcements.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"},"source_url":"https://www.cnbc.com/2021/06/17/david-tepper-says-the-stock-market-is-still-fine-after-fed-announcements.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1153748386","content_text":"Hedge fund legendDavid Tepperthinks theFederal Reservedid a good job, showing that policymakers are not asleep at the wheel.\nThe Appaloosa chief told CNBC’s Scott Wapner that despite the Fed moving up its interest rate hike timetable the stock market is fine.","news_type":1},"isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":221975342727208,"gmtCreate":1695220371212,"gmtModify":1695220375713,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Logical","listText":"Logical","text":"Logical","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/221975342727208","repostId":"2368901380","repostType":2,"repost":{"id":"2368901380","pubTimestamp":1695197400,"share":"https://ttm.financial/m/news/2368901380?lang=&edition=fundamental","pubTime":"2023-09-20 16:10","market":"us","language":"en","title":"Sea Limited: Easy To Sea","url":"https://stock-news.laohu8.com/highlight/detail?id=2368901380","media":"Seeking Alpha","summary":"Approximately every decade or so, the market trades the best businesses to own long term down the most and in quite violent fashion.Over roughly the last century of American capitalism, the market has","content":"<html><head></head><body><ul style=\"\"><li><p>Approximately every decade or so, the market trades the best businesses to own long term down the most and in quite violent fashion.</p></li><li><p>Over roughly the last century of American capitalism, the market has demonstrated an especial penchant for doing so to commerce platforms.</p></li><li><p>It did so to Walmart in 1973-74. It did so to Lowe&#39;s in the 1980s. It did so to Amazon in the 2000s. It did so to <a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a> in 2008-2009.</p></li><li><p>And, today, once again, the market has curiously traded down one of the best commerce platforms on earth in something akin to a fevered, depressive panic.</p></li><li><p>Today, I will quantitatively demonstrate for you the irrationality behind this price action, and, in short, I believe Sea could prove to be a 10-bagger in the decade ahead.</p></li></ul><h2 id=\"id_2336691259\">It&#39;s Easy: Concisely Articulating The Sea Thesis</h2><ol start=\"1\" style=\"\"><li><p><em>Shopee remains the #1 ecommerce platform in SE Asia. It is the only profitable one. Lazada is the #2, and this is a Rocket Internet Startup that existed before Shopee but has since been surpassed by Shopee by a very long shot. Shopee is indisputably the best ecommerce platform in the region, and, again, it&#39;s the only profitable platform.</em></p></li><li><p><em>In the U.S., Walmart, Amazon, Target, Lowe&#39;s, Home Depot, Dollar General, grocery stores, and department stores have all co-existed and created trillions in equity value over the last 75 years.</em></p></li><li><p><em>In Latin America, MercadoLibre has co-existed with a host of rivals, including Amazon quite formidably in Latin America, and it has still done very well profitably. Notably, MercadoLibre only has 35% market share of total ecommerce GMV in Latin America, while Sea has 50% in SE Asia; yet there&#39;s no fevered panic over MercadoLibre&#39;s market share.</em></p></li><li><p><em>Sea has $7.7B in cash &amp; equivalents; $3.3B in convertible debt. This is a massive amount of resources with which it can further dominate the aforementioned unprofitable and historically stagnant/inferior competition. Sea also generates robust free cash flow quarterly now alongside its giant liquidity position on its balance sheet.</em></p></li><li><p><em>Sea owns Garena, which is now returning to growth. This is like Sea&#39;s AWS (AMZN) in a sense, giving it an advantage over rivals. Garena could also experience sales growth in the future, especially in light of Free Fire being unbanned in India recently. Garena produces about $1B in annualized cash flows for the conglomerate.</em></p></li><li><p><em>Sea has a FinTech business (Sea Money) with about 60M users on the platform. This alone could be worth $20B to $30B, and Sea currently trades at ~$18B in enterprise value (preposterous in my opinion). This is a rapidly growing, free cash flow generative business that provides core financial infrastructure to SE Asia&#39;s digital economy alongside a couple other rivals, including GoPay (GOTO) and OVO (GRAB).</em></p></li><li><p><em>SE Asia has a very, very long runway for growth demographically. The region is still in the very early innings of economic growth and development.</em></p></li><li><p><em>Sea has demonstrated an ability to successfully and organically (meaning without acquiring) build new products and scale them rapidly. While it&#39;s built three incredibly successful franchises over the last decade or so, i.e., Garena (500M+ users and highly profitable), Shopee (#1 ecom platform in SE Asia and only profitable one), and Sea Money (~60M users and profitable), it&#39;s highly likely that it creates new and compelling products in the future as well, adding to the 20-30% annualized growth I believe the conglomerate will achieve in the decade ahead, once we emerge from the current rate hiking cycle and Asian economic woes broadly, both of which have served to, on some level, halt the growth of SE Asia&#39;s tech sector momentarily.</em></p></li><li><p><em>Lastly, SE Asia&#39;s demographics are very favorable for sustained, elevated growth for Sea in the decades ahead (depicted below).</em></p></li><li><p><em>I believe a 10 bagger over the next 10 years will be seen as base case for the business.</em></p></li></ol><h3 id=\"id_1939531541\">SE Asia Ecommerce Has Plateaued But Will Resume Growth In The Future</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9bcbc6ec05e6a64a5fbf7f5c7307abc0\" alt=\"Statista\" title=\"Statista\" tg-width=\"640\" tg-height=\"343\"/><span>Statista</span></p><p>We will discuss this last chart, which I believe to be central to the thesis (i.e., the slowing of SE Asian ecommerce is a near term headwind that will disappear in the future), later in this note.</p><h3 id=\"id_1441051994\">SE Asia Has A Long Runway For Growth And Development Still Ahead</h3><p>I understand that the data below is from 2017, but it&#39;s worth noting the total digital consumer TAM, as well as the projections for ecommerce growth, validation of which we can see in the ecommerce GMV chart shared just above.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd94f173610ebc3a5baba659a92725bd\" alt=\"Sea Ltd.&#39;s F-1\" title=\"Sea Ltd.&#39;s F-1\" tg-width=\"640\" tg-height=\"248\"/><span>Sea Ltd.&#39;s F-1</span></p><p>Over the last 5-7 years, Shopee&#39;s market share has grown within a rapidly growing ecommerce GMV TAM.</p><p>In a very worst case scenario, Shopee&#39;s market share may shrink, but, in light of the growth of SE Asia&#39;s ecommerce TAM, Shopee could very well continue to grow at elevated rates for decades to come.</p><h2 id=\"id_1212589788\">Understanding The Share Price Dynamics For Sea Ltd.</h2><p>I would say there&#39;s a number of approaches I could take to illustrate why Sea Ltd. (NYSE:SE) went from trading at $350/share to nearly $35/share as of today.</p><p>The same number of approaches could be taken in understanding why its retail predecessors, e.g., Walmart (WMT), Lowe&#39;s (LOW), or Amazon (AMZN), likewise experienced fairly stunning share price declines early in their lifecycles.</p><p>Today, I will share with you data that, in my estimation, definitively delineates why Sea and many of the former market darlings have experienced such breathtaking declines over the last 18 months or so.</p><p>Let&#39;s start with the underlying market mechanisms that are not idiosyncratic to Sea. These mechanisms that we will review have created the declines we&#39;ve seen from businesses like Tesla (TSLA), Affirm (AFRM), Meta (META) and Airbnb (ABNB) over the last 12 months.</p><p>I&#39;ve shared the following chart often, but it certainly bears re-sharing and repeating:</p><h4 id=\"id_2907407713\">The Prices Of Equities Overshoot To The Upside And Overshoot To The Downside</h4><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ff6ac0b344710b22e1e69f1504babaa9\" alt=\"Truemind Capital\" title=\"Truemind Capital\" tg-width=\"640\" tg-height=\"380\"/><span>Truemind Capital</span></p><p>This chart is so ubiquitously shared and repeated on the internet for a reason:</p><p>It represents genuine reality of what you will experience in owning a given business/stock.</p><p>And we can see these precise dynamics playing out for Sea, as well as Adyen (OTCPK:ADYEY) and many, many other businesses in the market today.</p><h4 id=\"id_4285585971\">Roughly Depicting The True Intrinsic Value Of Sea Based On My Estimation Of The Growth Of Free Cash Flow Per Share</h4><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/57cbad23aa9bcf1dee4a0075f181ef3f\" alt=\"YCharts\" title=\"YCharts\" tg-width=\"1280\" tg-height=\"802\"/><span>YCharts</span></p><h3 id=\"id_2734695393\">Roughly Depicting The True Intrinsic Value Of Adyen Based On My Estimation Of The Growth Of Free Cash Flow Per Share</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ad805058bef113f4d42f987c320000d3\" alt=\"YCharts\" title=\"YCharts\" tg-width=\"1280\" tg-height=\"802\"/><span>YCharts</span></p><p>The charts align almost perfectly identically with the &#34;ubiquitously shared teaching chart,&#34; and this is no coincidence. This is perfectly how the market operates and prices equities.</p><p>&#34;As it was in the beginning, is now, and ever shall be, world without end. Amen.&#34;</p><p>The market&#39;s pricing of equities overshoots to the upside (too much exuberance) and overshoots to the downside (too much despair), and it has done this since the dawn of asset markets. The Great Warren Buffett has the market&#39;s behavior in this respect as the behavior of a &#34;drunken psycho,&#34; and we can certainly see and, for those that own Sea and Adyen, feel why.</p><h2 id=\"id_315136246\">Interest Rates &amp; Growth Rates</h2><p>To delve deeper into the underlying mechanisms driving the, as Mr. Buffett would call them, &#34;drunken, psychotic&#34; pricing dynamics of the market, we should consider how interest rates and individual company growth rates have impacted the valuations of Sea and Adyen.</p><p>When interest rates rise (i.e., the cost of credit in the economy rise), valuations decline, all else being equal (we will consider growth rates and their impact on valuations in a moment).</p><p>When interest rates decline (i.e., the cost of credit in the economy declines), valuations rise, all else being equal.</p><p>Below, we can see how a dramatic decline in interest rates created something akin to a &#34;zero gravity environment&#34; for the valuation of Sea (I will include Adyen as well to provide further context for this exercise).</p><h3 id=\"id_1263768699\">Sea&#39;s Valuation And The 10 Year Treasury Rate</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/edff2244b3aafc5ec72705c59f7127d1\" alt=\"YCharts\" title=\"YCharts\" tg-width=\"640\" tg-height=\"413\"/><span>YCharts</span></p><p>As interest rates have risen at the fastest rate in the history of America, the precise inverse has occurred:</p><p>Instead of a zero gravity environment for Sea, it has experienced 2x gravity for its valuation and correspondingly its stock price.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae087bc5ec40ea0953db0befae07bd7b\" alt=\"Visual Capitalist\" title=\"Visual Capitalist\" tg-width=\"640\" tg-height=\"829\"/><span>Visual Capitalist</span></p><p>If we couple this dynamic with the natural tendency of humans in crowds to panic and flee (sell), thereby creating market crashes, we can better understand why Sea&#39;s share price has been in free fall, despite reporting a fantastic Q2, in which it generated very healthy free cash flow and GAAP net income, grew sales, remained the #1 and only profitable ecommerce platform in SE Asia, grew its profitable FinTech business, and stabilized/grew its gaming business&#39; users.</p><p>We will explore Sea&#39;s quarter in following sections, but it certainly is worth noting in this valuation exercise that Sea reported an objectively fantastic Q2 2023 earnings. It could not have done better in my eyes.</p><p>Turning to Adyen, we can see precisely the same valuation dynamics, precipitated by higher interest rates, playing out.</p><h3 id=\"id_963054273\">Adyen&#39;s Valuation And The 10 Year Treasury Rate</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/79f77b27ef9ec2fd118b7e5d7e52147a\" alt=\"YCharts\" title=\"YCharts\" tg-width=\"640\" tg-height=\"413\"/><span>YCharts</span></p><p>In addition to the &#34;next best alternative&#34; math associated with higher rates and valuations, meaning that with a higher risk free rate, I require more yield on my equity investment, which suggests I need a lower valuation to buy, higher interest rates slow economic and individual business growth.</p><p>Because we&#39;ve experienced the fastest rate hiking cycle in American history and because SE Asia reopened recently, after being locked down for years, ecommerce growth in SE Asia has been tepid relative to the last few years.</p><h3 id=\"id_3676535121\">SE Asia Ecommerce Has Plateaued But Will Resume Growth In The Future</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9bcbc6ec05e6a64a5fbf7f5c7307abc0\" alt=\"Statista\" title=\"Statista\" tg-width=\"640\" tg-height=\"343\"/><span>Statista</span></p><p>We will discuss this last chart, which I believe to be central to the thesis (i.e., the slowing of SE Asian ecommerce is a near term headwind that will disappear in the future), later in this note.</p><h2 id=\"id_3773151236\">Growth Rates &amp; Valuations</h2><p>On my recent podcast, I noted that the market should not have priced Sea at $350/share based on 150%+ growth because that growth was unsustainable.</p><p>That is, in the same way it was improper for the market to price Sea at $350/share based on unsustainably high growth of 150%+, it&#39;s now highly likely that it&#39;s improper for the market to price Sea at nearly $35/share based on unsustainably low growth of 5%.</p><p>I would ask the market, &#34;Do you think, perhaps, after hundreds of percent of ecommerce growth in the span of 24 months, there will be a receding of this demand? Might difficult year over year comps have something to do with the slowing growth? Might the fastest interest rate hiking cycle ever have something to do with slowing growth? Might the China recession have something to do with slowing growth?&#34;</p><h3 id=\"id_1177283835\">SE Asia Ecommerce Has Plateaued But Will Resume Growth In The Future</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9bcbc6ec05e6a64a5fbf7f5c7307abc0\" alt=\"Statista\" title=\"Statista\" tg-width=\"640\" tg-height=\"343\"/><span>Statista</span></p><p>I mean this stuff is not rocket science.</p><h3 id=\"id_3584070374\">Sea Experienced Unsustainably High Growth And Now Unsustainably Low Growth</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/56be6b320f3dbb16ecb786f13c5a3af3\" alt=\"YCharts\" title=\"YCharts\" tg-width=\"640\" tg-height=\"413\"/><span>YCharts</span></p><p>The reality for Sea is that its long term growth rate will land somewhere in the middle, and, as such, its intrinsic value is somewhere in the middle of these two utterly insane extremes.</p><p>Amazon experienced the identical valuation and growth dynamics in the early 2000s.</p><h3 id=\"id_2031746004\">Amazon Experienced Unsustainably High Growth And Unsustainably Low Growth (Bottoming At 13% in 2001)</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5d6f19fd84c68bae89d66eff83fe5074\" alt=\"YCharts\" title=\"YCharts\" tg-width=\"640\" tg-height=\"413\"/><span>YCharts</span></p><p>To assign data to the claim that growth will find itself somewhere in the middle, below, we can see that the growth of SE Asia&#39;s ecommerce market has plateaued. The growth dynamics presented below align virtually 1 to 1 with Sea&#39;s astronomical growth in 2020/2021 and rather depressed growth in 2022 and 2023.</p><h3 id=\"id_643515669\">SE Asia Ecommerce Sales Annually (Note The Deceleration &amp; Plateau)</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9bcbc6ec05e6a64a5fbf7f5c7307abc0\" alt=\"Statista\" title=\"Statista\" tg-width=\"640\" tg-height=\"343\"/><span>Statista</span></p><p>The above data answers my previously posed question,</p><blockquote><p><em>Do you think, perhaps, after hundreds of percent of ecommerce growth in the span of 24 months, there will be a receding of this demand? Might difficult year over year comps have something to do with the slowing growth?</em></p></blockquote><p>More than anything, this is why Sea has experienced such rapidly slowing growth in recent quarters and specifically in Q2 2023.</p><p>Eventually, SE Asia&#39;s ecommerce market and Sea will accelerate revenue growth, and the current panic will look highly misguided, just as pricing the business as if it would grow at 150% annualized for 10 years was highly misguided.</p><h2 id=\"id_2482640280\">Reviewing Sea&#39;s Q2 2023 &amp; The Business Broadly</h2><p>In our review of Monday&#39;s Q2 2023 earnings, I shared the four principle frameworks via which I select businesses to own.</p><p>I would certainly encourage you to read that review of Monday via the link below:</p><ul style=\"\"><li><p>Understanding Monday.com (MNDY)</p></li></ul><p>And, indeed, we&#39;ve employed one of those frameworks in ultimately deciding to own Sea Ltd. Specifically, we used the following framework:</p><ul style=\"\"><li><p><strong><em>Quality cultures that breed innovation within the larger conglomerate: </em></strong><em>We&#39;ve often explored the Spawner framework (I&#39;m working on a different name), which entails a company&#39;s ability to launch, or spawn, new successful business/product after new successful business/product, creating a nucleus of explosive, compounding sales growth. This is the idea that a business creates a culture in which its employees create new products successfully. With multiple products growing rapidly simultaneously, the business overall grows more rapidly and more durably. Some of my favorite examples that fit within this framework are Axon, Monday, Adyen , Sea, Tesla, Amazon, and MercadoLibre. Indeed, many of our businesses possess this incredible cultural structure, and that is why we&#39;ve chosen to own them.</em></p></li></ul><p>Sea began as a gaming studio/platform, i.e., Garena, which has produced the globally popular game Free Fire, from which Sea principally generates its ~$1B in cash flows annually.</p><h3 id=\"id_2202822765\">Sea&#39;s Garena Platform Key Performance Metrics</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/667df5a1ae563e13fe9b380297b5dafa\" alt=\"Sea Q2 2023 Investor Presentation\" title=\"Sea Q2 2023 Investor Presentation\" tg-width=\"640\" tg-height=\"307\"/><span>Sea Q2 2023 Investor Presentation</span></p><p>After successfully building this gaming studio, Sea launched Shopee in 2015.</p><p>Notably, a major ecommerce platform already existed at the time: Lazada, a former Rocket Internet startup, into which Alibaba (BABA) has poured billions of dollars.</p><p>Despite Lazada having a head start, Shopee quickly surpassed Lazada and became the undisputed, most dominant ecommerce platform in SE Asia.</p><h3 id=\"id_3416636853\">SE Asia Ecommerce Market Share Data 2022</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/234387265478d7a3eacaadad43f102d3\" alt=\"Momentum.Asia\" title=\"Momentum.Asia\" tg-width=\"1280\" tg-height=\"720\"/><span>Momentum.Asia</span></p><p>Notably, Sea is the only profitable ecommerce platform in the region, which I believe demonstrates the differentiated nature of the business and the execution thereof.</p><blockquote><p><em>There are many different service points we can touch and also continue to improve. And there are also many cost points that we will continue to improve upon and these are the key competencies, I think that brought us here to the current position of strong market leadership with the lowest cost to serve a platform that allows us to be both market leader, </em><strong><em>but also profitable and one and only in Southeast Asia so far.</em></strong><em> I think we will not give up that competitive moat and we&#39;ll continue to strengthen that.</em></p><p>Yanjun Wang, Chief Corporate Officer, Q2 2023 Sea Earnings Call</p></blockquote><p>Notably, Shopee grew ecommerce orders <em>and </em>grew sales at healthy rates in the quarter.</p><h3 id=\"id_4141599611\">Shopee Grew At 28% Year Over Year, Which Is Exceptional</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b9afc577874ff61d7708c2fbc860f84b\" alt=\"Sea Q2 2023 Investor Presentation\" title=\"Sea Q2 2023 Investor Presentation\" tg-width=\"640\" tg-height=\"317\"/><span>Sea Q2 2023 Investor Presentation</span></p><blockquote><p><em>Gross orders increased by more than 10% quarter-on-quarter as a result of growth in both active buyers and buyer purchase frequency.</em></p><p>[I do think it could be argued that Brazil contributed to this gross order growth, and Shopee&#39;s GMV/gross orders are something to monitor in the years ahead, but the current pricing of the business suggests ecommerce growth will halt in perpetuity, but it is illogical to believe the Shopee would suddenly stop growing when we consider the WMT/HD/COST/WMT analogy and the fact that Shopee has dominated for nearly a decade. It&#39;s the strongest it&#39;s ever been and its domination will likely persist.]</p></blockquote><p>Following the creation of Shopee, in order to enable SE Asian folks to pay via the internet, Sea launched Sea Money (formerly Airpay), which has grown into one of the largest FinTech platforms on earth, with ~60M users.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8867ef7a958c7aed75ae501d59bcbd0b\" alt=\"Sea Q2 2023 Investor Presentation\" title=\"Sea Q2 2023 Investor Presentation\" tg-width=\"640\" tg-height=\"319\"/><span>Sea Q2 2023 Investor Presentation</span></p><p>Notably, all of these business segments are now fundamentally profitable.</p><h3 id=\"id_3666375119\">EC = Ecommerce; DE = Garena; DFS = Sea Money</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7d8b6255b1397c2f661bb8f8c6c0586a\" alt=\"Sea Q2 2023 Investor Presentation\" title=\"Sea Q2 2023 Investor Presentation\" tg-width=\"640\" tg-height=\"460\"/><span>Sea Q2 2023 Investor Presentation</span></p><p>Even accounting for interest, taxes, and depreciation and amortization, Sea generated robust free cash flow in Q2 2023.</p><p>Notably, <strong><em>Sea has done all of this in 10 years.</em></strong></p><p>In only 10 years, Sea has built three exceptionally dominant, platforms that nearly 700M to 1B total people use!</p><p>And these platforms serve these 700M to 1B people <em>profitably!</em></p><p>I mean how much logic and intuition does it require to foresee that Sea is just getting started?</p><p>I do not believe it requires much.</p><p>And I do believe Sea is just getting started, atop robust free cash flow, $7.7B in cash &amp; equivalents; $3.3B in convertible debt, and a very long runway for growth still ahead.</p><h2 id=\"id_1241524940\">Concluding Thoughts: The Skies Will Open Up And The Seas Will Part In Due Course</h2><p>I would invite you to review the &#34;10 Sea Commandments&#34; that I shared at the introduction of this note.</p><p>In my estimation, the investment is extremely easy at these levels.</p><p>I don&#39;t believe the price action is mysterious. We&#39;re experiencing identically what investors experienced in buying each of Sea&#39;s predecessors: Walmart, Amazon, and Lowe&#39;s when these businesses were similarly about 10-15 years old.</p><p>To conclude, Sea currently faces these economic headwinds. Notably, these headwinds will disappear in the years ahead:</p><ol start=\"1\" style=\"\"><li><p><em>The stoppage or cessation of growth for the SE Asian ecommerce market. It grew astronomically in 2020 and 2021 and even into 2022 as SE Asia took longer to remove lockdowns. It&#39;s now basically not growing, and Sea is not growing along with it.</em></p></li><li><p><em>Difficult year over year comps: It&#39;s very hard to grow at 100%+ annualized for multiple consecutive years, just like it&#39;s hard to sprint a 40 yard dash repeatedly. Sea will work through these difficult comps and resume elevated growth eventually.</em></p></li><li><p><em>The fastest rate hiking cycle in American history. The dollar, in many ways, governs growth of the global economic system by way of the dollar &#34;exporting&#34; U.S. monetary policy. The incredible strength of the dollar, created by the fastest interest rate hiking cycle in American history, has served to slow economic growth globally.</em></p></li><li><p><em>China is in a recession and has been. This could make economic conditions in Asia worse than they already are.</em></p></li></ol><p>Eventually, each of these negatives will dissipate, and the skies will open for Sea and the growth of its business.</p><p>I believe it could be an easy, profitable 10 bagger as of today over the next 10 years.</p><p>Thank you for reading, and have a great day.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sea Limited: Easy To Sea</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\">\nSea Limited: Easy To Sea\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-20 16:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4635848-easy-to-sea><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Approximately every decade or so, the market trades the best businesses to own long term down the most and in quite violent fashion.Over roughly the last century of American capitalism, the market has...</p>\n\n<a href=\"https://seekingalpha.com/article/4635848-easy-to-sea\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4539":"次新股","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4532":"文艺复兴科技持仓","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0082616367.USD":"摩根大通美国科技A（dist）","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","SG9999002620.SGD":"LionGlobal South East Asia SGD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","BK4524":"宅经济概念","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0823411888.USD":"法巴消费创新基金 Cap","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","BK4527":"明星科技股","BK4526":"热门中概股","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","LU0061474960.USD":"天利环球焦点基金AU Acc","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","BK4502":"阿里概念","BK4083":"家庭装潢零售","BK4505":"高瓴资本持仓","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4155":"大卖场与超市","BK4504":"桥水持仓","BK4581":"高盛持仓","BK4085":"互动家庭娱乐","SE":"Sea Ltd","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU0821914370.USD":"贝莱德亚洲成长领袖A2"},"source_url":"https://seekingalpha.com/article/4635848-easy-to-sea","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2368901380","content_text":"Approximately every decade or so, the market trades the best businesses to own long term down the most and in quite violent fashion.Over roughly the last century of American capitalism, the market has demonstrated an especial penchant for doing so to commerce platforms.It did so to Walmart in 1973-74. It did so to Lowe's in the 1980s. It did so to Amazon in the 2000s. It did so to MercadoLibre in 2008-2009.And, today, once again, the market has curiously traded down one of the best commerce platforms on earth in something akin to a fevered, depressive panic.Today, I will quantitatively demonstrate for you the irrationality behind this price action, and, in short, I believe Sea could prove to be a 10-bagger in the decade ahead.It's Easy: Concisely Articulating The Sea ThesisShopee remains the #1 ecommerce platform in SE Asia. It is the only profitable one. Lazada is the #2, and this is a Rocket Internet Startup that existed before Shopee but has since been surpassed by Shopee by a very long shot. Shopee is indisputably the best ecommerce platform in the region, and, again, it's the only profitable platform.In the U.S., Walmart, Amazon, Target, Lowe's, Home Depot, Dollar General, grocery stores, and department stores have all co-existed and created trillions in equity value over the last 75 years.In Latin America, MercadoLibre has co-existed with a host of rivals, including Amazon quite formidably in Latin America, and it has still done very well profitably. Notably, MercadoLibre only has 35% market share of total ecommerce GMV in Latin America, while Sea has 50% in SE Asia; yet there's no fevered panic over MercadoLibre's market share.Sea has $7.7B in cash & equivalents; $3.3B in convertible debt. This is a massive amount of resources with which it can further dominate the aforementioned unprofitable and historically stagnant/inferior competition. Sea also generates robust free cash flow quarterly now alongside its giant liquidity position on its balance sheet.Sea owns Garena, which is now returning to growth. This is like Sea's AWS (AMZN) in a sense, giving it an advantage over rivals. Garena could also experience sales growth in the future, especially in light of Free Fire being unbanned in India recently. Garena produces about $1B in annualized cash flows for the conglomerate.Sea has a FinTech business (Sea Money) with about 60M users on the platform. This alone could be worth $20B to $30B, and Sea currently trades at ~$18B in enterprise value (preposterous in my opinion). This is a rapidly growing, free cash flow generative business that provides core financial infrastructure to SE Asia's digital economy alongside a couple other rivals, including GoPay (GOTO) and OVO (GRAB).SE Asia has a very, very long runway for growth demographically. The region is still in the very early innings of economic growth and development.Sea has demonstrated an ability to successfully and organically (meaning without acquiring) build new products and scale them rapidly. While it's built three incredibly successful franchises over the last decade or so, i.e., Garena (500M+ users and highly profitable), Shopee (#1 ecom platform in SE Asia and only profitable one), and Sea Money (~60M users and profitable), it's highly likely that it creates new and compelling products in the future as well, adding to the 20-30% annualized growth I believe the conglomerate will achieve in the decade ahead, once we emerge from the current rate hiking cycle and Asian economic woes broadly, both of which have served to, on some level, halt the growth of SE Asia's tech sector momentarily.Lastly, SE Asia's demographics are very favorable for sustained, elevated growth for Sea in the decades ahead (depicted below).I believe a 10 bagger over the next 10 years will be seen as base case for the business.SE Asia Ecommerce Has Plateaued But Will Resume Growth In The FutureStatistaWe will discuss this last chart, which I believe to be central to the thesis (i.e., the slowing of SE Asian ecommerce is a near term headwind that will disappear in the future), later in this note.SE Asia Has A Long Runway For Growth And Development Still AheadI understand that the data below is from 2017, but it's worth noting the total digital consumer TAM, as well as the projections for ecommerce growth, validation of which we can see in the ecommerce GMV chart shared just above.Sea Ltd.'s F-1Over the last 5-7 years, Shopee's market share has grown within a rapidly growing ecommerce GMV TAM.In a very worst case scenario, Shopee's market share may shrink, but, in light of the growth of SE Asia's ecommerce TAM, Shopee could very well continue to grow at elevated rates for decades to come.Understanding The Share Price Dynamics For Sea Ltd.I would say there's a number of approaches I could take to illustrate why Sea Ltd. (NYSE:SE) went from trading at $350/share to nearly $35/share as of today.The same number of approaches could be taken in understanding why its retail predecessors, e.g., Walmart (WMT), Lowe's (LOW), or Amazon (AMZN), likewise experienced fairly stunning share price declines early in their lifecycles.Today, I will share with you data that, in my estimation, definitively delineates why Sea and many of the former market darlings have experienced such breathtaking declines over the last 18 months or so.Let's start with the underlying market mechanisms that are not idiosyncratic to Sea. These mechanisms that we will review have created the declines we've seen from businesses like Tesla (TSLA), Affirm (AFRM), Meta (META) and Airbnb (ABNB) over the last 12 months.I've shared the following chart often, but it certainly bears re-sharing and repeating:The Prices Of Equities Overshoot To The Upside And Overshoot To The DownsideTruemind CapitalThis chart is so ubiquitously shared and repeated on the internet for a reason:It represents genuine reality of what you will experience in owning a given business/stock.And we can see these precise dynamics playing out for Sea, as well as Adyen (OTCPK:ADYEY) and many, many other businesses in the market today.Roughly Depicting The True Intrinsic Value Of Sea Based On My Estimation Of The Growth Of Free Cash Flow Per ShareYChartsRoughly Depicting The True Intrinsic Value Of Adyen Based On My Estimation Of The Growth Of Free Cash Flow Per ShareYChartsThe charts align almost perfectly identically with the \"ubiquitously shared teaching chart,\" and this is no coincidence. This is perfectly how the market operates and prices equities.\"As it was in the beginning, is now, and ever shall be, world without end. Amen.\"The market's pricing of equities overshoots to the upside (too much exuberance) and overshoots to the downside (too much despair), and it has done this since the dawn of asset markets. The Great Warren Buffett has the market's behavior in this respect as the behavior of a \"drunken psycho,\" and we can certainly see and, for those that own Sea and Adyen, feel why.Interest Rates & Growth RatesTo delve deeper into the underlying mechanisms driving the, as Mr. Buffett would call them, \"drunken, psychotic\" pricing dynamics of the market, we should consider how interest rates and individual company growth rates have impacted the valuations of Sea and Adyen.When interest rates rise (i.e., the cost of credit in the economy rise), valuations decline, all else being equal (we will consider growth rates and their impact on valuations in a moment).When interest rates decline (i.e., the cost of credit in the economy declines), valuations rise, all else being equal.Below, we can see how a dramatic decline in interest rates created something akin to a \"zero gravity environment\" for the valuation of Sea (I will include Adyen as well to provide further context for this exercise).Sea's Valuation And The 10 Year Treasury RateYChartsAs interest rates have risen at the fastest rate in the history of America, the precise inverse has occurred:Instead of a zero gravity environment for Sea, it has experienced 2x gravity for its valuation and correspondingly its stock price.Visual CapitalistIf we couple this dynamic with the natural tendency of humans in crowds to panic and flee (sell), thereby creating market crashes, we can better understand why Sea's share price has been in free fall, despite reporting a fantastic Q2, in which it generated very healthy free cash flow and GAAP net income, grew sales, remained the #1 and only profitable ecommerce platform in SE Asia, grew its profitable FinTech business, and stabilized/grew its gaming business' users.We will explore Sea's quarter in following sections, but it certainly is worth noting in this valuation exercise that Sea reported an objectively fantastic Q2 2023 earnings. It could not have done better in my eyes.Turning to Adyen, we can see precisely the same valuation dynamics, precipitated by higher interest rates, playing out.Adyen's Valuation And The 10 Year Treasury RateYChartsIn addition to the \"next best alternative\" math associated with higher rates and valuations, meaning that with a higher risk free rate, I require more yield on my equity investment, which suggests I need a lower valuation to buy, higher interest rates slow economic and individual business growth.Because we've experienced the fastest rate hiking cycle in American history and because SE Asia reopened recently, after being locked down for years, ecommerce growth in SE Asia has been tepid relative to the last few years.SE Asia Ecommerce Has Plateaued But Will Resume Growth In The FutureStatistaWe will discuss this last chart, which I believe to be central to the thesis (i.e., the slowing of SE Asian ecommerce is a near term headwind that will disappear in the future), later in this note.Growth Rates & ValuationsOn my recent podcast, I noted that the market should not have priced Sea at $350/share based on 150%+ growth because that growth was unsustainable.That is, in the same way it was improper for the market to price Sea at $350/share based on unsustainably high growth of 150%+, it's now highly likely that it's improper for the market to price Sea at nearly $35/share based on unsustainably low growth of 5%.I would ask the market, \"Do you think, perhaps, after hundreds of percent of ecommerce growth in the span of 24 months, there will be a receding of this demand? Might difficult year over year comps have something to do with the slowing growth? Might the fastest interest rate hiking cycle ever have something to do with slowing growth? Might the China recession have something to do with slowing growth?\"SE Asia Ecommerce Has Plateaued But Will Resume Growth In The FutureStatistaI mean this stuff is not rocket science.Sea Experienced Unsustainably High Growth And Now Unsustainably Low GrowthYChartsThe reality for Sea is that its long term growth rate will land somewhere in the middle, and, as such, its intrinsic value is somewhere in the middle of these two utterly insane extremes.Amazon experienced the identical valuation and growth dynamics in the early 2000s.Amazon Experienced Unsustainably High Growth And Unsustainably Low Growth (Bottoming At 13% in 2001)YChartsTo assign data to the claim that growth will find itself somewhere in the middle, below, we can see that the growth of SE Asia's ecommerce market has plateaued. The growth dynamics presented below align virtually 1 to 1 with Sea's astronomical growth in 2020/2021 and rather depressed growth in 2022 and 2023.SE Asia Ecommerce Sales Annually (Note The Deceleration & Plateau)StatistaThe above data answers my previously posed question,Do you think, perhaps, after hundreds of percent of ecommerce growth in the span of 24 months, there will be a receding of this demand? Might difficult year over year comps have something to do with the slowing growth?More than anything, this is why Sea has experienced such rapidly slowing growth in recent quarters and specifically in Q2 2023.Eventually, SE Asia's ecommerce market and Sea will accelerate revenue growth, and the current panic will look highly misguided, just as pricing the business as if it would grow at 150% annualized for 10 years was highly misguided.Reviewing Sea's Q2 2023 & The Business BroadlyIn our review of Monday's Q2 2023 earnings, I shared the four principle frameworks via which I select businesses to own.I would certainly encourage you to read that review of Monday via the link below:Understanding Monday.com (MNDY)And, indeed, we've employed one of those frameworks in ultimately deciding to own Sea Ltd. Specifically, we used the following framework:Quality cultures that breed innovation within the larger conglomerate: We've often explored the Spawner framework (I'm working on a different name), which entails a company's ability to launch, or spawn, new successful business/product after new successful business/product, creating a nucleus of explosive, compounding sales growth. This is the idea that a business creates a culture in which its employees create new products successfully. With multiple products growing rapidly simultaneously, the business overall grows more rapidly and more durably. Some of my favorite examples that fit within this framework are Axon, Monday, Adyen , Sea, Tesla, Amazon, and MercadoLibre. Indeed, many of our businesses possess this incredible cultural structure, and that is why we've chosen to own them.Sea began as a gaming studio/platform, i.e., Garena, which has produced the globally popular game Free Fire, from which Sea principally generates its ~$1B in cash flows annually.Sea's Garena Platform Key Performance MetricsSea Q2 2023 Investor PresentationAfter successfully building this gaming studio, Sea launched Shopee in 2015.Notably, a major ecommerce platform already existed at the time: Lazada, a former Rocket Internet startup, into which Alibaba (BABA) has poured billions of dollars.Despite Lazada having a head start, Shopee quickly surpassed Lazada and became the undisputed, most dominant ecommerce platform in SE Asia.SE Asia Ecommerce Market Share Data 2022Momentum.AsiaNotably, Sea is the only profitable ecommerce platform in the region, which I believe demonstrates the differentiated nature of the business and the execution thereof.There are many different service points we can touch and also continue to improve. And there are also many cost points that we will continue to improve upon and these are the key competencies, I think that brought us here to the current position of strong market leadership with the lowest cost to serve a platform that allows us to be both market leader, but also profitable and one and only in Southeast Asia so far. I think we will not give up that competitive moat and we'll continue to strengthen that.Yanjun Wang, Chief Corporate Officer, Q2 2023 Sea Earnings CallNotably, Shopee grew ecommerce orders and grew sales at healthy rates in the quarter.Shopee Grew At 28% Year Over Year, Which Is ExceptionalSea Q2 2023 Investor PresentationGross orders increased by more than 10% quarter-on-quarter as a result of growth in both active buyers and buyer purchase frequency.[I do think it could be argued that Brazil contributed to this gross order growth, and Shopee's GMV/gross orders are something to monitor in the years ahead, but the current pricing of the business suggests ecommerce growth will halt in perpetuity, but it is illogical to believe the Shopee would suddenly stop growing when we consider the WMT/HD/COST/WMT analogy and the fact that Shopee has dominated for nearly a decade. It's the strongest it's ever been and its domination will likely persist.]Following the creation of Shopee, in order to enable SE Asian folks to pay via the internet, Sea launched Sea Money (formerly Airpay), which has grown into one of the largest FinTech platforms on earth, with ~60M users.Sea Q2 2023 Investor PresentationNotably, all of these business segments are now fundamentally profitable.EC = Ecommerce; DE = Garena; DFS = Sea MoneySea Q2 2023 Investor PresentationEven accounting for interest, taxes, and depreciation and amortization, Sea generated robust free cash flow in Q2 2023.Notably, Sea has done all of this in 10 years.In only 10 years, Sea has built three exceptionally dominant, platforms that nearly 700M to 1B total people use!And these platforms serve these 700M to 1B people profitably!I mean how much logic and intuition does it require to foresee that Sea is just getting started?I do not believe it requires much.And I do believe Sea is just getting started, atop robust free cash flow, $7.7B in cash & equivalents; $3.3B in convertible debt, and a very long runway for growth still ahead.Concluding Thoughts: The Skies Will Open Up And The Seas Will Part In Due CourseI would invite you to review the \"10 Sea Commandments\" that I shared at the introduction of this note.In my estimation, the investment is extremely easy at these levels.I don't believe the price action is mysterious. We're experiencing identically what investors experienced in buying each of Sea's predecessors: Walmart, Amazon, and Lowe's when these businesses were similarly about 10-15 years old.To conclude, Sea currently faces these economic headwinds. Notably, these headwinds will disappear in the years ahead:The stoppage or cessation of growth for the SE Asian ecommerce market. It grew astronomically in 2020 and 2021 and even into 2022 as SE Asia took longer to remove lockdowns. It's now basically not growing, and Sea is not growing along with it.Difficult year over year comps: It's very hard to grow at 100%+ annualized for multiple consecutive years, just like it's hard to sprint a 40 yard dash repeatedly. Sea will work through these difficult comps and resume elevated growth eventually.The fastest rate hiking cycle in American history. The dollar, in many ways, governs growth of the global economic system by way of the dollar \"exporting\" U.S. monetary policy. The incredible strength of the dollar, created by the fastest interest rate hiking cycle in American history, has served to slow economic growth globally.China is in a recession and has been. This could make economic conditions in Asia worse than they already are.Eventually, each of these negatives will dissipate, and the skies will open for Sea and the growth of its business.I believe it could be an easy, profitable 10 bagger as of today over the next 10 years.Thank you for reading, and have a great day.","news_type":1},"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9995732353,"gmtCreate":1661515915475,"gmtModify":1676536533236,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995732353","repostId":"1150012863","repostType":2,"repost":{"id":"1150012863","pubTimestamp":1661515718,"share":"https://ttm.financial/m/news/1150012863?lang=&edition=fundamental","pubTime":"2022-08-26 20:08","market":"us","language":"en","title":"China and U.S Sign Agreement on Audit Dispute","url":"https://stock-news.laohu8.com/highlight/detail?id=1150012863","media":"PCAOB","summary":"FACT SHEET: CHINA AGREEMENTStatement of Protocol Marks First Step Toward Complete Access for PCAOB t","content":"<html><head></head><body><p><b>FACT SHEET: CHINA AGREEMENT</b></p><p>Statement of Protocol Marks First Step Toward Complete Access for PCAOB to Select, Inspect and Investigate in China</p><p>Washington, Aug. 26, 2022</p><p>On August 26, 2022, the Public Company Accounting Oversight Board (PCAOB) signed a Statement of Protocol with the China Securities Regulatory Commission and the Ministry of Finance of the People&#39;s Republic of China, taking the first step toward opening access for the PCAOB to inspect and investigate registered public accounting firms headquartered in mainland China and Hong Kong completely, consistent with U.S law.</p><p><b>Three Keys to Complete Access</b></p><p><b>This is the most detailed and prescriptive agreement the PCAOB has ever reached with China. Itincludes three provisions that, if abided by, would grant the PCAOB complete access for the first time:</b></p><ol><li><b>The PCAOB has sole discretion to select the firms, audit engagements and potential violations it inspects and investigates – without consultation with, nor input from, Chinese authorities.</b></li><li><b>Procedures are in place for PCAOB inspectors and investigators to view complete audit work papers with all information included and for the PCAOB to retain information as needed.</b></li><li><b>The PCAOB has direct access to interview and take testimony from all personnel associated with the audits the PCAOB inspects or investigates.</b></li></ol><p><b>Only a First Step</b></p><ul><li><b>While significant, the Statement of Protocol is only a first step. The real test comes next, as the PCAOB prepares to have inspectors on the ground by mid-September and begin conducting on-site inspections and investigations of firms headquartered in mainland China and Hong Kong.</b></li><li><b>Whether the PCAOB can make a determination that China is no longer obstructing access depends on whether China abides by this agreement and allows for full and timely access to information.</b></li><li><b>The Holding Foreign Companies Accountable Act is clear that the PCAOB must be able to inspect and investigate “completely,” and the PCAOB will demand the complete access the law requires.</b></li></ul><p><b><i>Additional Background:</i></b> The PCAOB inspects and investigates registered public accounting firms in more than 50 jurisdictions around the world, consistent with its mandate under the Sarbanes-Oxley Act. But, for more than a decade, the PCAOB’s access to inspect and investigate registered public accounting firms in mainland China and Hong Kong has been obstructed.</p><p>In 2020, Congress passed the Holding Foreign Companies Accountable Act (HFCAA). Under the HFCAA, beginning with 2021, after three consecutive years of PCAOB determinations that positions taken by authorities in the People&#39;s Republic of China (PRC) obstructed the PCAOB’s ability to inspect and investigate registered public accounting firms in mainland China and Hong Kong completely, the companies audited by those firms would be subject to a trading prohibition on U.S. markets. Such a trading prohibition would be carried out by the Securities and Exchange Commission (SEC) and would apply to companies the SEC identifies as having used registered public accounting firms in mainland China and Hong Kong for three consecutive years.</p><p>In 2021, the PCAOB made determinations that the positions taken by PRC authorities prevented the PCAOB from inspecting and investigating in mainland China and Hong Kong completely.</p><p>The PCAOB is now required to reassess its determinations by the end of 2022.</p></body></html>","source":"lsy1661516930868","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 and U.S Sign Agreement on Audit Dispute</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 and U.S Sign Agreement on Audit Dispute\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-26 20:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://pcaobus.org/news-events/news-releases/news-release-detail/fact-sheet-china-agreement><strong>PCAOB</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FACT SHEET: CHINA AGREEMENTStatement of Protocol Marks First Step Toward Complete Access for PCAOB to Select, Inspect and Investigate in ChinaWashington, Aug. 26, 2022On August 26, 2022, the Public ...</p>\n\n<a href=\"https://pcaobus.org/news-events/news-releases/news-release-detail/fact-sheet-china-agreement\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BILI":"哔哩哔哩","BIDU":"百度","NIO":"蔚来","LI":"理想汽车","JD":"京东","BABA":"阿里巴巴","XPEV":"小鹏汽车","PDD":"拼多多","NTES":"网易","BEKE":"贝壳"},"source_url":"https://pcaobus.org/news-events/news-releases/news-release-detail/fact-sheet-china-agreement","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150012863","content_text":"FACT SHEET: CHINA AGREEMENTStatement of Protocol Marks First Step Toward Complete Access for PCAOB to Select, Inspect and Investigate in ChinaWashington, Aug. 26, 2022On August 26, 2022, the Public Company Accounting Oversight Board (PCAOB) signed a Statement of Protocol with the China Securities Regulatory Commission and the Ministry of Finance of the People's Republic of China, taking the first step toward opening access for the PCAOB to inspect and investigate registered public accounting firms headquartered in mainland China and Hong Kong completely, consistent with U.S law.Three Keys to Complete AccessThis is the most detailed and prescriptive agreement the PCAOB has ever reached with China. Itincludes three provisions that, if abided by, would grant the PCAOB complete access for the first time:The PCAOB has sole discretion to select the firms, audit engagements and potential violations it inspects and investigates – without consultation with, nor input from, Chinese authorities.Procedures are in place for PCAOB inspectors and investigators to view complete audit work papers with all information included and for the PCAOB to retain information as needed.The PCAOB has direct access to interview and take testimony from all personnel associated with the audits the PCAOB inspects or investigates.Only a First StepWhile significant, the Statement of Protocol is only a first step. The real test comes next, as the PCAOB prepares to have inspectors on the ground by mid-September and begin conducting on-site inspections and investigations of firms headquartered in mainland China and Hong Kong.Whether the PCAOB can make a determination that China is no longer obstructing access depends on whether China abides by this agreement and allows for full and timely access to information.The Holding Foreign Companies Accountable Act is clear that the PCAOB must be able to inspect and investigate “completely,” and the PCAOB will demand the complete access the law requires.Additional Background: The PCAOB inspects and investigates registered public accounting firms in more than 50 jurisdictions around the world, consistent with its mandate under the Sarbanes-Oxley Act. But, for more than a decade, the PCAOB’s access to inspect and investigate registered public accounting firms in mainland China and Hong Kong has been obstructed.In 2020, Congress passed the Holding Foreign Companies Accountable Act (HFCAA). Under the HFCAA, beginning with 2021, after three consecutive years of PCAOB determinations that positions taken by authorities in the People's Republic of China (PRC) obstructed the PCAOB’s ability to inspect and investigate registered public accounting firms in mainland China and Hong Kong completely, the companies audited by those firms would be subject to a trading prohibition on U.S. markets. Such a trading prohibition would be carried out by the Securities and Exchange Commission (SEC) and would apply to companies the SEC identifies as having used registered public accounting firms in mainland China and Hong Kong for three consecutive years.In 2021, the PCAOB made determinations that the positions taken by PRC authorities prevented the PCAOB from inspecting and investigating in mainland China and Hong Kong completely.The PCAOB is now required to reassess its determinations by the end of 2022.","news_type":1},"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9990753246,"gmtCreate":1660434447687,"gmtModify":1676533467849,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BFLY\">$Butterfly Network Inc(BFLY)$</a>Patience paying&nbsp;off&nbsp;","listText":"<a href=\"https://ttm.financial/S/BFLY\">$Butterfly Network Inc(BFLY)$</a>Patience paying&nbsp;off&nbsp;","text":"$Butterfly Network Inc(BFLY)$Patience paying off","images":[{"img":"https://community-static.tradeup.com/news/95a1afee785f73a90b568b29bcac6ad8","width":"1284","height":"2538"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990753246","isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9990753024,"gmtCreate":1660434353270,"gmtModify":1676533467832,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MELI\">$MercadoLibre(MELI)$</a>Finally.. to the moon and beyond","listText":"<a href=\"https://ttm.financial/S/MELI\">$MercadoLibre(MELI)$</a>Finally.. to the moon and beyond","text":"$MercadoLibre(MELI)$Finally.. to the moon and beyond","images":[{"img":"https://community-static.tradeup.com/news/5f2b987aa908489ec0dcfea6d1f94c8b","width":"1125","height":"3901"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990753024","isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3583366743540214","authorId":"3583366743540214","authorIdStr":"3583366743540214","name":"Snoopymint","avatar":"https://static.tigerbbs.com/7c23b9b28062a0e2d82ce3ce492a6a83","crmLevel":5,"crmLevelSwitch":0,"idStr":"3583366743540214"},"content":"Long waited. Did you buy more when it was at $600 plus?","text":"Long waited. Did you buy more when it was at $600 plus?","html":"Long waited. Did you buy more when it was at $600 plus?"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":163021088,"gmtCreate":1623854048444,"gmtModify":1703821539186,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163021088","repostId":"2143879474","repostType":4,"repost":{"id":"2143879474","pubTimestamp":1623853920,"share":"https://ttm.financial/m/news/2143879474?lang=&edition=fundamental","pubTime":"2021-06-16 22:32","market":"us","language":"en","title":"Molecular Partners Announces Pricing of Initial Public Offering of American Depositary Shares in the United States","url":"https://stock-news.laohu8.com/highlight/detail?id=2143879474","media":"ACCESSWIRE","summary":"ZURICH-SCHLIEREN, SWITZERLAND / ACCESSWIRE / June 15, 2021 / Molecular Partners AG (SIX:MOLN), a cli","content":"<p><b>ZURICH-SCHLIEREN, SWITZERLAND / ACCESSWIRE / June 15, 2021 / </b><a href=\"https://laohu8.com/S/MOLN\">Molecular Partners AG</a> (SIX:MOLN), a clinical-stage biotech company developing a new class of custom-built protein drugs known as DARPin® therapeutics, today announced the pricing of its initial public offering in the United States of 3,000,000 American Depositary Shares ('ADSs') at a public offering price of $21.25 per ADS, for total gross proceeds of approximately $63.8 million. All ADSs sold in the offering were offered by Molecular Partners. Each ADS will represent <a href=\"https://laohu8.com/S/AONE\">one</a> Molecular Partners ordinary share. The new ordinary shares underlying the ADSs will be issued from Molecular Partners' authorized capital under exclusion of the existing shareholders' pre-emptive rights. In addition, Molecular Partners has granted the underwriters a 30-day option to purchase up to an additional 450,000 ADSs at the initial public offering price, less underwriting discounts and commissions.</p>\n<p>Trading of the ADSs is expected to commence on The Nasdaq Global Select Market on Wednesday, June 16, 2021 under the ticker symbol 'MOLN.' SIX Swiss Exchange ('SIX') approved the listing of the new ordinary shares underlying the ADSs as of June 17, 2021.</p>\n<p>On June 16, 2021, trading of the existing shares of Molecular Partners on SIX will be halted. If trading of the ADS on the Nasdaq will commence at 4 p.m. CEST on June 16, 2021 or any time before, trading of the shares of Molecular Partners on SIX will reopen on the same day. If trading on the Nasdaq starts later, trading of the shares in Molecular Partners on SIX will reopen on June 17, 2021 only.</p>\n<p>The offering is expected to close on or about June 18, 2021, subject to customary closing conditions.</p>\n<p>J.P. Morgan, SVB Leerink and Cowen are acting as joint book-running managers for the proposed offering. RBC Capital Markets is acting as the bookrunner for the proposed offering. Kempen &amp; Co is acting as the lead manager for the proposed offering.</p>\n<p>A registration statement on Form F-1 relating to these securities became effective on June 15, 2021. The securities referred to in this release are to be offered only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained, when available, for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, a written copy may be obtained for free from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204; SVB Leerink LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110, by telephone at 1-800-808-7525, ext. 6105, or by e-mailing syndicate@svbleerink.com; Cowen and Company, LLC (c/o Broadridge Financial Services), 1155 Long Island Avenue, Edgewood, NY, 11717, Attn: Prospectus Department, by telephone at (833) 297-2926 or by email at PostSaleManualRequests@broadridge.com. The securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. In connection with the listing of the ordinary shares on the SIX, the registration statement on Form F-1 constitutes a foreign prospectus within the meaning of article 54 paras. 2 and 3 of the Swiss Financial Services Act of June 15, 2018 ('FinSA') and article 70 paras. 2-4 of the Swiss Financial Services Ordinance of November 6, 2019 ('FinSO'). The registration statement on Form F-1, including the preliminary prospectus, as well as the final prospectus, once available, will be deposited with the Prospectus Office of SIX Exchange Regulation. Further, the inclusion of the foreign prospectus in the prospectus list published by the Prospectus Office of SIX Exchange Regulation will be requested.</p>\n<p>This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. There is no intention or permission to publicly offer, solicit, sell or advertise, directly or indirectly, any securities of Molecular Partners in or into Switzerland within the meaning of FinSA.</p>\n<h4>About Molecular Partners AG</h4>\n<p>Molecular Partners AG is a clinical-stage biotech company developing DARPin® therapeutics, a new class of custom-built protein drugs designed to address challenges current modalities cannot. The Company has formed partnerships with leading pharmaceutical companies to advance DARPin® therapeutics in the areas of ophthalmology, oncology and infectious disease, and has compounds in various stages of clinical and preclinical development across multiple therapeutic areas.</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>Molecular Partners Announces Pricing of Initial Public Offering of American Depositary Shares in the United States</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\">\nMolecular Partners Announces Pricing of Initial Public Offering of American Depositary Shares in the United States\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 22:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/molecular-partners-announces-pricing-initial-020000537.html><strong>ACCESSWIRE</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ZURICH-SCHLIEREN, SWITZERLAND / ACCESSWIRE / June 15, 2021 / Molecular Partners AG (SIX:MOLN), a clinical-stage biotech company developing a new class of custom-built protein drugs known as DARPin® ...</p>\n\n<a href=\"https://finance.yahoo.com/news/molecular-partners-announces-pricing-initial-020000537.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MOLN":"Molecular Partners AG","AMSWA":"美国软件","AFG":"美国金融集团有限公司","00626":"大众金融控股","00467":"联合能源集团","UBCP":"联合合众银行"},"source_url":"https://finance.yahoo.com/news/molecular-partners-announces-pricing-initial-020000537.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2143879474","content_text":"ZURICH-SCHLIEREN, SWITZERLAND / ACCESSWIRE / June 15, 2021 / Molecular Partners AG (SIX:MOLN), a clinical-stage biotech company developing a new class of custom-built protein drugs known as DARPin® therapeutics, today announced the pricing of its initial public offering in the United States of 3,000,000 American Depositary Shares ('ADSs') at a public offering price of $21.25 per ADS, for total gross proceeds of approximately $63.8 million. All ADSs sold in the offering were offered by Molecular Partners. Each ADS will represent one Molecular Partners ordinary share. The new ordinary shares underlying the ADSs will be issued from Molecular Partners' authorized capital under exclusion of the existing shareholders' pre-emptive rights. In addition, Molecular Partners has granted the underwriters a 30-day option to purchase up to an additional 450,000 ADSs at the initial public offering price, less underwriting discounts and commissions.\nTrading of the ADSs is expected to commence on The Nasdaq Global Select Market on Wednesday, June 16, 2021 under the ticker symbol 'MOLN.' SIX Swiss Exchange ('SIX') approved the listing of the new ordinary shares underlying the ADSs as of June 17, 2021.\nOn June 16, 2021, trading of the existing shares of Molecular Partners on SIX will be halted. If trading of the ADS on the Nasdaq will commence at 4 p.m. CEST on June 16, 2021 or any time before, trading of the shares of Molecular Partners on SIX will reopen on the same day. If trading on the Nasdaq starts later, trading of the shares in Molecular Partners on SIX will reopen on June 17, 2021 only.\nThe offering is expected to close on or about June 18, 2021, subject to customary closing conditions.\nJ.P. Morgan, SVB Leerink and Cowen are acting as joint book-running managers for the proposed offering. RBC Capital Markets is acting as the bookrunner for the proposed offering. Kempen & Co is acting as the lead manager for the proposed offering.\nA registration statement on Form F-1 relating to these securities became effective on June 15, 2021. The securities referred to in this release are to be offered only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained, when available, for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, a written copy may be obtained for free from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204; SVB Leerink LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110, by telephone at 1-800-808-7525, ext. 6105, or by e-mailing syndicate@svbleerink.com; Cowen and Company, LLC (c/o Broadridge Financial Services), 1155 Long Island Avenue, Edgewood, NY, 11717, Attn: Prospectus Department, by telephone at (833) 297-2926 or by email at PostSaleManualRequests@broadridge.com. The securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. In connection with the listing of the ordinary shares on the SIX, the registration statement on Form F-1 constitutes a foreign prospectus within the meaning of article 54 paras. 2 and 3 of the Swiss Financial Services Act of June 15, 2018 ('FinSA') and article 70 paras. 2-4 of the Swiss Financial Services Ordinance of November 6, 2019 ('FinSO'). The registration statement on Form F-1, including the preliminary prospectus, as well as the final prospectus, once available, will be deposited with the Prospectus Office of SIX Exchange Regulation. Further, the inclusion of the foreign prospectus in the prospectus list published by the Prospectus Office of SIX Exchange Regulation will be requested.\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. There is no intention or permission to publicly offer, solicit, sell or advertise, directly or indirectly, any securities of Molecular Partners in or into Switzerland within the meaning of FinSA.\nAbout Molecular Partners AG\nMolecular Partners AG is a clinical-stage biotech company developing DARPin® therapeutics, a new class of custom-built protein drugs designed to address challenges current modalities cannot. The Company has formed partnerships with leading pharmaceutical companies to advance DARPin® therapeutics in the areas of ophthalmology, oncology and infectious disease, and has compounds in various stages of clinical and preclinical development across multiple therapeutic areas.","news_type":1},"isVote":1,"tweetType":1,"viewCount":115,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987005156,"gmtCreate":1667775527075,"gmtModify":1676537959886,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MELI\">$MercadoLibre(MELI)$</a>Bullish","listText":"<a href=\"https://ttm.financial/S/MELI\">$MercadoLibre(MELI)$</a>Bullish","text":"$MercadoLibre(MELI)$Bullish","images":[{"img":"https://community-static.tradeup.com/news/7992cc33fb28b8c7aae5cdb6a7e4e6aa","width":"1284","height":"2538"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9987005156","isVote":1,"tweetType":1,"viewCount":498,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9997822610,"gmtCreate":1661782315432,"gmtModify":1676536577796,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997822610","repostId":"2262162956","repostType":4,"repost":{"id":"2262162956","pubTimestamp":1661786631,"share":"https://ttm.financial/m/news/2262162956?lang=&edition=fundamental","pubTime":"2022-08-29 23:23","market":"us","language":"en","title":"Nasdaq Bear Market: 5 Unsurpassable Growth Stocks You'll Regret Not Buying on the Dip","url":"https://stock-news.laohu8.com/highlight/detail?id=2262162956","media":"Motley Fool","summary":"These fast-paced companies with unmatched innovative capacity are screaming buys following a peak decline of 34% in the Nasdaq Composite.","content":"<html><head></head><body><p>This year has served as a kick-in-the-pants reminder that the stock market doesn&#39;t rise in a straight line -- even if 2021 gave off the impression that it did. Since hitting their respective all-time highs between mid-November and the first week of January, the iconic <b>Dow Jones Industrial Average</b>, benchmark <b>S&amp;P 500</b>, and growth-focused <b>Nasdaq Composite</b>, plunged by as much as 19%, 24%, and 34%. The greater than 20% declines in the S&amp;P 500 and Nasdaq firmly placed both indexes in a bear market.</p><p>To not beat around the bush, bear markets can be scary. The velocity and unpredictability of downside moves can truly test the resolve of investors. But if history has a say, bear markets are also the perfect time to put your money to work. That&#39;s because every major stock market decline throughout history has, eventually, been erased by a bull market.</p><p>With the Nasdaq Composite getting hit harder than the other indexes, it looks like the ideal time to invest in growth stocks with unmatched innovative capacity and sustainable competitive advantages. What follows are five unsurpassable growth stocks you&#39;ll regret not buying on the Nasdaq bear market dip.</p><h2><a href=\"https://laohu8.com/S/META\">Meta Platforms</a></h2><p>The first phenomenal growth stock you&#39;ll be kicking yourself over if you don&#39;t buy it during the Nasdaq bear market dip is social media giant <b>Meta Platforms</b>. Meta is the company formerly known as Facebook.</p><p>Although advertising spending has been hit hard in 2022 as historically high inflation and back-to-back quarters of U.S. gross domestic product declines suppress discretionary spending, Meta remains well-positioned to capitalize on disproportionately long periods of economic expansion. Facebook, WhatsApp, Instagram, and Facebook Messenger, are consistently among the most-downloaded apps worldwide. With 3.65 billion people visiting its sites on a monthly basis (that&#39;s over half the global adult population), Meta is in prime position to command strong ad-pricing power.</p><p>The other reason to like Meta is the company&#39;s aggressive investments in the &#34;metaverse&#34; -- i.e., the next iteration of the internet which&#39;ll allow connected users the ability to interact with each other and their environments in a 3D virtual world. Though it&#39;ll take a few more years before the metaverse is ready to be meaningfully monetized, Meta fixes to be a key on-ramp to this multitrillion-dollar opportunity.</p><p>Shares of Meta Platforms are cheaper than they&#39;ve ever been on a forward-earning basis as a publicly traded company. That makes this social-media maven a screaming buy at the moment.</p><h2><a href=\"https://laohu8.com/S/PUBM\">PubMatic</a></h2><p>A second stellar growth stock begging to be bought as the Nasdaq Composite plunges is cloud-based programmatic adtech company <b>PubMatic</b>. Although PubMatic is contending with same advertising spending weakness as Meta, it&#39;s on track to grow by a considerably faster rate.</p><p>PubMatic is what&#39;s known as a sell-side provider (SSPs) in the adtech space. This is a fancy way of saying that it specializes in selling digital display space for publishers. Because there aren&#39;t many SSPs for publishers to choose from, and ad dollars have been steadily shifting to digital formats, such as video, mobile, and over-the-top streaming, PubMatic has consistently delivered organic growth of at least twice the industry average.</p><p>Perhaps the best aspect of PubMatic is its internally designed cloud infrastructure platform. Rather than relying on a third party for its platform. PubMatic built its infrastructure. While costly in the beginning, handling its own infrastructure should result in substantially higher operating margins than its peers as revenue scales.</p><p>If you need one more solid reason to trust in PubMatic, consider this: The company ended June with $183 million in cash, cash equivalents, and marketable securities, and <i>no debt</i>!</p><h2><a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies</a></h2><p>The third unsurpassable growth stock worth buying on the Nasdaq bear market dip is artificial intelligence (AI)-driven data-mining company <b>Palantir Technologies</b>. Palantir&#39;s valuation used to be its biggest obstacle. But following a greater than 80% retracement in its share price, it&#39;s now ripe for the picking.</p><p>What makes Palantir such an intriguing investment for long-term growth investors is that there&#39;s no other company offering what it does at scale. The company&#39;s AI-based Gotham platform helps government agencies with missions and data gathering. Meanwhile, the Foundry platform is focused on helping businesses streamline their operations by making sense of large amounts of data.</p><p>For the past couple of years, Gotham has been Palantir&#39;s primary growth driver. Being awarded large government contracts that can span four or more years has helped the company grow its sales by 30% or more on a consistent basis. But looking ahead, Foundry is Palantir&#39;s golden ticket. Whereas not all governments can utilize Palantir&#39;s proprietary software, Foundry&#39;s ceiling is <i>much</i> higher. As of June 30, 2022, Palantir had 119 commercial customers, which was up 250% from the prior-year period.</p><p>Though recurring profitability could be a few years away, Palantir&#39;s superb topline growth and niche industry positioning can send shares significantly higher.</p><h2><a href=\"https://laohu8.com/S/LOVE\">Lovesac</a></h2><p>A fourth exceptional growth stock you&#39;ll be mad at yourself for not buying on the Nasdaq bear market decline is furniture company <b>Lovesac</b>. <i>Yes</i>, I really said &#34;growth&#34; and &#34;furniture company&#34; in the same sentence.</p><p>Whereas most brick-and-mortar furniture companies are slow-growing, stodgy businesses, Lovesac is turning the industry on its head in two key ways.</p><p>First off, its furniture is unique. The company&#39;s &#34;sactionals&#34; -- a sactional is a modular couch that can be rearranged dozens of ways to fit most living spaces -- account for nearly 88% of net sales and incorporate function, choice, and ecofriendly materials. Sactionals can be upgraded to include surround-sound systems and wireless charging stations, and they have over 200 cover choices. Further, the yarn used in these covers is made entirely from recycled plastic water bottles.</p><p>Secondly, Lovesac&#39;s omnichannel sales platform has led it to success. Despite having 162 retail locations in 40 states, the company&#39;s substantially higher margins are a reflection of its direct-to-consumer emphasis, as well as pop-up showrooms and brand-name partnerships.  With less inventory needed in physical retail stores, Lovesac&#39;s overhead expenses are considerably lower than its peers.</p><h2>Alphabet</h2><p>The fifth and final unsurpassable growth stock you&#39;ll regret not buying during the Nasdaq bear market dip is FAANG stock <b>Alphabet</b>. Alphabet is the parent of internet search engine Google, streaming platform YouTube, and autonomous car company Waymo.</p><p>The no-brainer reason to pile into Alphabet is the company&#39;s absolutely dominant internet search engine, Google. According to data from GlobalStats, Google has accounted for no less than 91% of worldwide internet search share for the trailing 24 months. With an 88-percentage-point lead over its next-closest competitor, it should come as no surprise that Alphabet is able to command exceptional ad-pricing power.</p><p>But what Wall Street and investors are most-excited about is what Alphabet is doing with its available cash and operating cash flow. For instance, investments in YouTube have paid off handsomely. Easily one of the best acquisitions in history (Google acquired YouTube for $1.65 billion in 2006), YouTube has become the second most-visited social site in the world. As you can imagine, this has helped tremendously with ad and subscription revenue.</p><p>There&#39;s also Google Cloud, which has vaulted to the No. 3 spot in cloud-service market share. Cloud infrastructure spending is still in its early innings, which means Google Cloud could become a key driver of operating cash flow for parent company Alphabet by as soon as mid-decade.</p><p>Like Meta Platforms, Alphabet has simply never been cheaper as a publicly traded company.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq Bear Market: 5 Unsurpassable Growth Stocks You'll Regret Not Buying on the Dip</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\">\nNasdaq Bear Market: 5 Unsurpassable Growth Stocks You'll Regret Not Buying on the Dip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-29 23:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/08/28/nasdaq-bear-market-5-growth-stocks-regret-not-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This year has served as a kick-in-the-pants reminder that the stock market doesn't rise in a straight line -- even if 2021 gave off the impression that it did. Since hitting their respective all-time ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/08/28/nasdaq-bear-market-5-growth-stocks-regret-not-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc.","GOOG":"谷歌","META":"Meta Platforms, Inc."},"source_url":"https://www.fool.com/investing/2022/08/28/nasdaq-bear-market-5-growth-stocks-regret-not-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2262162956","content_text":"This year has served as a kick-in-the-pants reminder that the stock market doesn't rise in a straight line -- even if 2021 gave off the impression that it did. Since hitting their respective all-time highs between mid-November and the first week of January, the iconic Dow Jones Industrial Average, benchmark S&P 500, and growth-focused Nasdaq Composite, plunged by as much as 19%, 24%, and 34%. The greater than 20% declines in the S&P 500 and Nasdaq firmly placed both indexes in a bear market.To not beat around the bush, bear markets can be scary. The velocity and unpredictability of downside moves can truly test the resolve of investors. But if history has a say, bear markets are also the perfect time to put your money to work. That's because every major stock market decline throughout history has, eventually, been erased by a bull market.With the Nasdaq Composite getting hit harder than the other indexes, it looks like the ideal time to invest in growth stocks with unmatched innovative capacity and sustainable competitive advantages. What follows are five unsurpassable growth stocks you'll regret not buying on the Nasdaq bear market dip.Meta PlatformsThe first phenomenal growth stock you'll be kicking yourself over if you don't buy it during the Nasdaq bear market dip is social media giant Meta Platforms. Meta is the company formerly known as Facebook.Although advertising spending has been hit hard in 2022 as historically high inflation and back-to-back quarters of U.S. gross domestic product declines suppress discretionary spending, Meta remains well-positioned to capitalize on disproportionately long periods of economic expansion. Facebook, WhatsApp, Instagram, and Facebook Messenger, are consistently among the most-downloaded apps worldwide. With 3.65 billion people visiting its sites on a monthly basis (that's over half the global adult population), Meta is in prime position to command strong ad-pricing power.The other reason to like Meta is the company's aggressive investments in the \"metaverse\" -- i.e., the next iteration of the internet which'll allow connected users the ability to interact with each other and their environments in a 3D virtual world. Though it'll take a few more years before the metaverse is ready to be meaningfully monetized, Meta fixes to be a key on-ramp to this multitrillion-dollar opportunity.Shares of Meta Platforms are cheaper than they've ever been on a forward-earning basis as a publicly traded company. That makes this social-media maven a screaming buy at the moment.PubMaticA second stellar growth stock begging to be bought as the Nasdaq Composite plunges is cloud-based programmatic adtech company PubMatic. Although PubMatic is contending with same advertising spending weakness as Meta, it's on track to grow by a considerably faster rate.PubMatic is what's known as a sell-side provider (SSPs) in the adtech space. This is a fancy way of saying that it specializes in selling digital display space for publishers. Because there aren't many SSPs for publishers to choose from, and ad dollars have been steadily shifting to digital formats, such as video, mobile, and over-the-top streaming, PubMatic has consistently delivered organic growth of at least twice the industry average.Perhaps the best aspect of PubMatic is its internally designed cloud infrastructure platform. Rather than relying on a third party for its platform. PubMatic built its infrastructure. While costly in the beginning, handling its own infrastructure should result in substantially higher operating margins than its peers as revenue scales.If you need one more solid reason to trust in PubMatic, consider this: The company ended June with $183 million in cash, cash equivalents, and marketable securities, and no debt!Palantir TechnologiesThe third unsurpassable growth stock worth buying on the Nasdaq bear market dip is artificial intelligence (AI)-driven data-mining company Palantir Technologies. Palantir's valuation used to be its biggest obstacle. But following a greater than 80% retracement in its share price, it's now ripe for the picking.What makes Palantir such an intriguing investment for long-term growth investors is that there's no other company offering what it does at scale. The company's AI-based Gotham platform helps government agencies with missions and data gathering. Meanwhile, the Foundry platform is focused on helping businesses streamline their operations by making sense of large amounts of data.For the past couple of years, Gotham has been Palantir's primary growth driver. Being awarded large government contracts that can span four or more years has helped the company grow its sales by 30% or more on a consistent basis. But looking ahead, Foundry is Palantir's golden ticket. Whereas not all governments can utilize Palantir's proprietary software, Foundry's ceiling is much higher. As of June 30, 2022, Palantir had 119 commercial customers, which was up 250% from the prior-year period.Though recurring profitability could be a few years away, Palantir's superb topline growth and niche industry positioning can send shares significantly higher.LovesacA fourth exceptional growth stock you'll be mad at yourself for not buying on the Nasdaq bear market decline is furniture company Lovesac. Yes, I really said \"growth\" and \"furniture company\" in the same sentence.Whereas most brick-and-mortar furniture companies are slow-growing, stodgy businesses, Lovesac is turning the industry on its head in two key ways.First off, its furniture is unique. The company's \"sactionals\" -- a sactional is a modular couch that can be rearranged dozens of ways to fit most living spaces -- account for nearly 88% of net sales and incorporate function, choice, and ecofriendly materials. Sactionals can be upgraded to include surround-sound systems and wireless charging stations, and they have over 200 cover choices. Further, the yarn used in these covers is made entirely from recycled plastic water bottles.Secondly, Lovesac's omnichannel sales platform has led it to success. Despite having 162 retail locations in 40 states, the company's substantially higher margins are a reflection of its direct-to-consumer emphasis, as well as pop-up showrooms and brand-name partnerships.  With less inventory needed in physical retail stores, Lovesac's overhead expenses are considerably lower than its peers.AlphabetThe fifth and final unsurpassable growth stock you'll regret not buying during the Nasdaq bear market dip is FAANG stock Alphabet. Alphabet is the parent of internet search engine Google, streaming platform YouTube, and autonomous car company Waymo.The no-brainer reason to pile into Alphabet is the company's absolutely dominant internet search engine, Google. According to data from GlobalStats, Google has accounted for no less than 91% of worldwide internet search share for the trailing 24 months. With an 88-percentage-point lead over its next-closest competitor, it should come as no surprise that Alphabet is able to command exceptional ad-pricing power.But what Wall Street and investors are most-excited about is what Alphabet is doing with its available cash and operating cash flow. For instance, investments in YouTube have paid off handsomely. Easily one of the best acquisitions in history (Google acquired YouTube for $1.65 billion in 2006), YouTube has become the second most-visited social site in the world. As you can imagine, this has helped tremendously with ad and subscription revenue.There's also Google Cloud, which has vaulted to the No. 3 spot in cloud-service market share. Cloud infrastructure spending is still in its early innings, which means Google Cloud could become a key driver of operating cash flow for parent company Alphabet by as soon as mid-decade.Like Meta Platforms, Alphabet has simply never been cheaper as a publicly traded company.","news_type":1},"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9995732802,"gmtCreate":1661515971509,"gmtModify":1676536533238,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995732802","repostId":"1142014925","repostType":4,"repost":{"id":"1142014925","pubTimestamp":1661513789,"share":"https://ttm.financial/m/news/1142014925?lang=&edition=fundamental","pubTime":"2022-08-26 19:36","market":"us","language":"en","title":"Rumor: Amazon Set to Buy Electronic Arts","url":"https://stock-news.laohu8.com/highlight/detail?id=1142014925","media":"USA Today","summary":"According to GLHF sources, Amazon will announce today that it has put in a formal offer to acquire E","content":"<html><head></head><body><p>According to GLHF sources, Amazon will announce today that it has put in a formal offer to acquire Electronic Arts (EA), the publisher behind <i>Apex Legends</i> ,<i>FIFA</i>, <i>Madden</i>, and more.</p><p>Rumors have been circling online for a few weeks about a potential EA buyout, with Apple, Disney, and Amazon listed as potential buyers. As per our sources, Amazon has finally made an offer.</p><p>It’s a smart business move from Amazon, which is also making big moves in television. After the success of<i>The Witcher</i>and<i>Arcane</i>on Netflix — both shows built around big video games — Amazon could potentially use EA’s franchises as settings for new shows.<i>Mass Effect</i>,<i>Dragon Age</i>,<i>Dead Space</i>— there’s plenty of potential in EA’s library for transmedia opportunities.</p><p>This news comes after a range of unprecedented acquisitions and consolidation in the video game space, with the biggest of them being Microsoft’s purchase of Acitivison Blizzard for $69 billion.</p><p>According to our sources, the announcement will be made later today. We’ve reached out to Amazon and EA for comment and will update you if we hear anything back.</p><p>Electronic Arts shares surged 14% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/bbcea9d90fda31c8a54e45322c3d840a\" tg-width=\"841\" tg-height=\"619\" width=\"100%\" height=\"auto\"/></p></body></html>","source":"lsy1624439865427","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>Rumor: Amazon Set to Buy Electronic Arts</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\">\nRumor: Amazon Set to Buy Electronic Arts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-26 19:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://ftw.usatoday.com/2022/08/amazon-buy-electronic-arts><strong>USA Today</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>According to GLHF sources, Amazon will announce today that it has put in a formal offer to acquire Electronic Arts (EA), the publisher behind Apex Legends ,FIFA, Madden, and more.Rumors have been ...</p>\n\n<a href=\"https://ftw.usatoday.com/2022/08/amazon-buy-electronic-arts\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","EA":"艺电"},"source_url":"https://ftw.usatoday.com/2022/08/amazon-buy-electronic-arts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142014925","content_text":"According to GLHF sources, Amazon will announce today that it has put in a formal offer to acquire Electronic Arts (EA), the publisher behind Apex Legends ,FIFA, Madden, and more.Rumors have been circling online for a few weeks about a potential EA buyout, with Apple, Disney, and Amazon listed as potential buyers. As per our sources, Amazon has finally made an offer.It’s a smart business move from Amazon, which is also making big moves in television. After the success ofThe WitcherandArcaneon Netflix — both shows built around big video games — Amazon could potentially use EA’s franchises as settings for new shows.Mass Effect,Dragon Age,Dead Space— there’s plenty of potential in EA’s library for transmedia opportunities.This news comes after a range of unprecedented acquisitions and consolidation in the video game space, with the biggest of them being Microsoft’s purchase of Acitivison Blizzard for $69 billion.According to our sources, the announcement will be made later today. We’ve reached out to Amazon and EA for comment and will update you if we hear anything back.Electronic Arts shares surged 14% in premarket trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":71,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9074724670,"gmtCreate":1658414366490,"gmtModify":1676536155209,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>Let's go&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>Let's go&nbsp;","text":"$Tesla Motors(TSLA)$Let's go","images":[{"img":"https://community-static.tradeup.com/news/76e75f35fea53c0ff0c3abe17c54584f","width":"1125","height":"3531"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9074724670","isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9075246876,"gmtCreate":1658212046495,"gmtModify":1676536123160,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075246876","repostId":"1143478540","repostType":4,"repost":{"id":"1143478540","pubTimestamp":1658202785,"share":"https://ttm.financial/m/news/1143478540?lang=&edition=fundamental","pubTime":"2022-07-19 11:53","market":"us","language":"en","title":"Tesla Q2: Market Never Learned Its Musk Lesson","url":"https://stock-news.laohu8.com/highlight/detail?id=1143478540","media":"Seekingalpha","summary":"SummaryThe market habitually underestimates the volatility in Tesla stock prices, especially during ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>The market habitually underestimates the volatility in Tesla stock prices, especially during the earnings report season.</li><li>Elon Musk could surprise the market in its upcoming Q2 earnings again considering new development in China since its Q1 report.</li><li>Global shipping data also shows signs that the supply chain disruptions are easing.</li><li>As some actionable ideas, investors may consider an option play either as a hedge or as a way to exploit the volatility mispricing.</li></ul><p><b>Thesis</b></p><p>My past articles on Tesla (NASDAQ:TSLA) have been focusing on its nonlinear growth potential in the long term. As investors are on the edge of their seats, anxiously waiting for its earnings report on July 20, I want to switch the focus to the near term in this article.</p><p>If history is of any guidance, Elon Musk will surprise the investors in some way this round too. It is difficult enough to anticipate what the surprises will be (though I will take a stab at it in the next section). The major surprise may come from the China front. Tesla’s Giga Shanghai plant has been recovering since the lockdown during Q1. Depending on the market views on the degree of the recovery, it could trigger a large price movement. Furthermore, according to the China Passenger Car Association&#39;s (CPCA)most recent data, the total TSLA volume amounted to 32,165 units for May. Still not on par with its best days, but it is only 4% less than a year ago. At the same time, global shipping data also shows signs that the supply chain disruptions are easing.</p><p>Even if the surprises are correctly anticipated, it is only the beginning. It’s even harder to predict how the market responds to such surprises, which brings me to some actionable ideas. To me, the market never seems to learn its Musk lesson and habitually underestimates its price volatility, creating an opportunity for using option investors either for hedging or for profiting. The options market’s implied volatility for TSLA is about 60% to 63% for options expiring in Jan 2023. To put things into perspective, the implied volatility for the NASDAQ 100 index (represented by QQQ) is about 30%. So the market views TSLA volatility to be only about 2x above the NASDAQ 100 index. But in reality, TSLA stock prices easily fluctuated more than 10x on a daily basis than QQQ, as we will see toward the end of the article.</p><p><b>Potential Q2 surprises</b></p><p>Several key cities in China, most notably Shanghai, have been in lock mode due to the resurgence of COVID cases early in the year. As a result, production at its Shanghai Gigafactory has halted for 22 days (from March 28 to April 19). After the lockdown has ended, TSLA has been restoring the production of its Shanghai factory. According to this report, its Shanghai production has recovered to 70% of its pre-lockdown output level as of May 23. The new development since May 23 could be a source of major surprise during the Q2 earnings report.</p><p>My forecast is that the surprise will be on the positive side for two reasons. First, according to the latest data from the China Passenger Car Association (&#34;CPAA&#34;), the supply side has improved significantly since April, and the country&#39;s automobile production capacity to fully recover in the next few months. You can see how miserable the April month is for TSLA in the chart below and see how the May month has recovered almost fully to the level a year ago.</p><p>Second, beyond China, there are also signs that the global supply chain congestion is easing. According to Drewry’s data shown in the chart below, the cost peaked above $10k in September 2021 and staged another smaller hike in late 2021. The shipping cost has been keeping declining since then, signaling that the worst has passed. To wit, the composite World Container Index decreased by 0.7% to $6,998 per 40ft container this week. To broaden the view a bit more, when TSLA reported its Q1 earnings back in April, the composite World Container Index stood at $7874. And the current level of $6,998 is about 12% lower.</p><p><img src=\"https://static.tigerbbs.com/f3f9b4d37a16743f3100532e1e2fbdbb\" tg-width=\"640\" tg-height=\"305\" referrerpolicy=\"no-referrer\"/></p><p>InsideEVs</p><p><img src=\"https://static.tigerbbs.com/11a8a754370950bcc1fb3d9abf672c56\" tg-width=\"640\" tg-height=\"377\" referrerpolicy=\"no-referrer\"/></p><p>Drewry’s data</p><p><b>Market kept underestimating TSLA volatility</b></p><p>As aforementioned, even if the above forecasts are correct, the market still could respond to such surprises in either direction. And this is where options may help investors. Buying and holding shares bets on the stock price only. But options give investors an additional knob to control their risks and profits – volatility.</p><p>And my view is that the market underestimates TSLA volatility substantially, leading to a mispricing of its options. We will provide detailed numbers in the next section. Here let’s eyeball the data first and see if they pass a common-sense test. As you can see from the chart below, TSLA stock price experienced peak-to-trough fluctuations of 24.6% following the day of its 2021 Q4 ER on Jan 26, then another similarly wide fluctuation of 21.8% on its 2022 Q1 ER on April 20. Besides the earnings surprise, Elon Musk can also find a way to cause large price movements too. His Twitter poll about whether he should reduce his holdings or not in Nov 2021 serves as an example, causing again about 17% price fluctuations in a day.</p><p>Such fluctuations are easily 10x more than the average daily fluctuations of QQQ, yet TSLA implied volatility is only about 2x higher than QQQ, as we will see next.</p><p><img src=\"https://static.tigerbbs.com/31734c8ea0e7f0d0c690e29e23aff737\" tg-width=\"640\" tg-height=\"298\" referrerpolicy=\"no-referrer\"/></p><p>Yahoo Finance</p><p><b>Detailed look at the options</b></p><p>As of this writing, TSLA’s near-the-money options with a $720 strike with an expiry of 1/20/2023 sell between $133 to $125 for calls and puts as you can see from the chart below provided by OIC. You can also see the implied volatility of about ~63%. Again, to me, this is a sizable underestimate.</p><p>As of this writing, QQQ’s near-the-money options ($290 strike) with the same expiry sell with an implied volatility of about ~30%. Assuming investors have correctly figured out the implied volatility for QQQ (given its role as a major index), TSLA’s implied volatility is only about 2x higher than QQQ, but its real price fluctuations are much wider, especially during major events like earnings releases as argued above.</p><p>As a matter of fact, TSLA’s implied volatility does not even capture its historical volatility as you can see from the second chart below. Due to the Musk factor alone, I would assume the options market would <i>at least</i> price its implied volatility on par with its historical volatility. Yet, its historical volatilities have surged above 80% several times in the recent past, yet it’s currently priced at an implied volatility of ~60% only.</p><p><img src=\"https://static.tigerbbs.com/ca7deb9e5fbad1c78c8209b6a67f511a\" tg-width=\"640\" tg-height=\"307\" referrerpolicy=\"no-referrer\"/></p><p>Source: oic.ivolatility.com</p><p><img src=\"https://static.tigerbbs.com/111cfc4179ef98129d1b131d1456e7bf\" tg-width=\"520\" tg-height=\"250\" referrerpolicy=\"no-referrer\"/></p><p>Source: oic.ivolatility.com</p><p><b>Final thoughts and risks</b></p><p>I see good chances that TSLA can deliver positive surprises during its Q2 earnings report. The main considerations are the recovery on the China front and signs that the global supply chain disruptions are easing. For investors who do not want to bet on the direction of the surprises, but only on the magnitude of the surprises, I see an option play as a viable strategy here given the mispricing of its volatility.</p><p>And finally, risks. Given that this article’s focus itself is on the surprises (codeword for uncertainties/risks), I will not ramble about other risks TSLA is facing anymore. I will just emphasize the risks associated with the use of options here. Options (either calls or puts) can limit risks in terms of the <i>absolute dollar amount</i>. But it is riskier in relative terms because it is a leverage play in essence. Actual stock price movements translate into magnified movements in option prices, and you can lose 100%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Q2: Market Never Learned Its Musk Lesson</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\">\nTesla Q2: Market Never Learned Its Musk Lesson\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-19 11:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4524035-tesla-q2-earnings-market-never-learned-its-musk-lesson?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A13><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe market habitually underestimates the volatility in Tesla stock prices, especially during the earnings report season.Elon Musk could surprise the market in its upcoming Q2 earnings again ...</p>\n\n<a href=\"https://seekingalpha.com/article/4524035-tesla-q2-earnings-market-never-learned-its-musk-lesson?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A13\">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://seekingalpha.com/article/4524035-tesla-q2-earnings-market-never-learned-its-musk-lesson?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A13","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143478540","content_text":"SummaryThe market habitually underestimates the volatility in Tesla stock prices, especially during the earnings report season.Elon Musk could surprise the market in its upcoming Q2 earnings again considering new development in China since its Q1 report.Global shipping data also shows signs that the supply chain disruptions are easing.As some actionable ideas, investors may consider an option play either as a hedge or as a way to exploit the volatility mispricing.ThesisMy past articles on Tesla (NASDAQ:TSLA) have been focusing on its nonlinear growth potential in the long term. As investors are on the edge of their seats, anxiously waiting for its earnings report on July 20, I want to switch the focus to the near term in this article.If history is of any guidance, Elon Musk will surprise the investors in some way this round too. It is difficult enough to anticipate what the surprises will be (though I will take a stab at it in the next section). The major surprise may come from the China front. Tesla’s Giga Shanghai plant has been recovering since the lockdown during Q1. Depending on the market views on the degree of the recovery, it could trigger a large price movement. Furthermore, according to the China Passenger Car Association's (CPCA)most recent data, the total TSLA volume amounted to 32,165 units for May. Still not on par with its best days, but it is only 4% less than a year ago. At the same time, global shipping data also shows signs that the supply chain disruptions are easing.Even if the surprises are correctly anticipated, it is only the beginning. It’s even harder to predict how the market responds to such surprises, which brings me to some actionable ideas. To me, the market never seems to learn its Musk lesson and habitually underestimates its price volatility, creating an opportunity for using option investors either for hedging or for profiting. The options market’s implied volatility for TSLA is about 60% to 63% for options expiring in Jan 2023. To put things into perspective, the implied volatility for the NASDAQ 100 index (represented by QQQ) is about 30%. So the market views TSLA volatility to be only about 2x above the NASDAQ 100 index. But in reality, TSLA stock prices easily fluctuated more than 10x on a daily basis than QQQ, as we will see toward the end of the article.Potential Q2 surprisesSeveral key cities in China, most notably Shanghai, have been in lock mode due to the resurgence of COVID cases early in the year. As a result, production at its Shanghai Gigafactory has halted for 22 days (from March 28 to April 19). After the lockdown has ended, TSLA has been restoring the production of its Shanghai factory. According to this report, its Shanghai production has recovered to 70% of its pre-lockdown output level as of May 23. The new development since May 23 could be a source of major surprise during the Q2 earnings report.My forecast is that the surprise will be on the positive side for two reasons. First, according to the latest data from the China Passenger Car Association (\"CPAA\"), the supply side has improved significantly since April, and the country's automobile production capacity to fully recover in the next few months. You can see how miserable the April month is for TSLA in the chart below and see how the May month has recovered almost fully to the level a year ago.Second, beyond China, there are also signs that the global supply chain congestion is easing. According to Drewry’s data shown in the chart below, the cost peaked above $10k in September 2021 and staged another smaller hike in late 2021. The shipping cost has been keeping declining since then, signaling that the worst has passed. To wit, the composite World Container Index decreased by 0.7% to $6,998 per 40ft container this week. To broaden the view a bit more, when TSLA reported its Q1 earnings back in April, the composite World Container Index stood at $7874. And the current level of $6,998 is about 12% lower.InsideEVsDrewry’s dataMarket kept underestimating TSLA volatilityAs aforementioned, even if the above forecasts are correct, the market still could respond to such surprises in either direction. And this is where options may help investors. Buying and holding shares bets on the stock price only. But options give investors an additional knob to control their risks and profits – volatility.And my view is that the market underestimates TSLA volatility substantially, leading to a mispricing of its options. We will provide detailed numbers in the next section. Here let’s eyeball the data first and see if they pass a common-sense test. As you can see from the chart below, TSLA stock price experienced peak-to-trough fluctuations of 24.6% following the day of its 2021 Q4 ER on Jan 26, then another similarly wide fluctuation of 21.8% on its 2022 Q1 ER on April 20. Besides the earnings surprise, Elon Musk can also find a way to cause large price movements too. His Twitter poll about whether he should reduce his holdings or not in Nov 2021 serves as an example, causing again about 17% price fluctuations in a day.Such fluctuations are easily 10x more than the average daily fluctuations of QQQ, yet TSLA implied volatility is only about 2x higher than QQQ, as we will see next.Yahoo FinanceDetailed look at the optionsAs of this writing, TSLA’s near-the-money options with a $720 strike with an expiry of 1/20/2023 sell between $133 to $125 for calls and puts as you can see from the chart below provided by OIC. You can also see the implied volatility of about ~63%. Again, to me, this is a sizable underestimate.As of this writing, QQQ’s near-the-money options ($290 strike) with the same expiry sell with an implied volatility of about ~30%. Assuming investors have correctly figured out the implied volatility for QQQ (given its role as a major index), TSLA’s implied volatility is only about 2x higher than QQQ, but its real price fluctuations are much wider, especially during major events like earnings releases as argued above.As a matter of fact, TSLA’s implied volatility does not even capture its historical volatility as you can see from the second chart below. Due to the Musk factor alone, I would assume the options market would at least price its implied volatility on par with its historical volatility. Yet, its historical volatilities have surged above 80% several times in the recent past, yet it’s currently priced at an implied volatility of ~60% only.Source: oic.ivolatility.comSource: oic.ivolatility.comFinal thoughts and risksI see good chances that TSLA can deliver positive surprises during its Q2 earnings report. The main considerations are the recovery on the China front and signs that the global supply chain disruptions are easing. For investors who do not want to bet on the direction of the surprises, but only on the magnitude of the surprises, I see an option play as a viable strategy here given the mispricing of its volatility.And finally, risks. Given that this article’s focus itself is on the surprises (codeword for uncertainties/risks), I will not ramble about other risks TSLA is facing anymore. I will just emphasize the risks associated with the use of options here. Options (either calls or puts) can limit risks in terms of the absolute dollar amount. But it is riskier in relative terms because it is a leverage play in essence. Actual stock price movements translate into magnified movements in option prices, and you can lose 100%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":14,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917717778,"gmtCreate":1665586790494,"gmtModify":1676537632153,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917717778","repostId":"1166781049","repostType":4,"repost":{"id":"1166781049","pubTimestamp":1665583393,"share":"https://ttm.financial/m/news/1166781049?lang=&edition=fundamental","pubTime":"2022-10-12 22:03","market":"us","language":"en","title":"Microsoft: Throwing Out Good Money","url":"https://stock-news.laohu8.com/highlight/detail?id=1166781049","media":"Seeking Alpha","summary":"SummaryMicrosoft's sell-off is picking up momentum. Within this crescendo, we acknowledge that the b","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Microsoft&#39;s sell-off is picking up momentum. Within this crescendo, we acknowledge that the bear has got us.</li><li>Yet, why analysts need to further downwards revise their fiscal 2023 estimates needs to be understood.</li><li>A discussion of the guidance from different global companies and how this paints the underlying reality of what Microsoft&#39;s upcoming earnings will be like.</li><li>A reminiscence of the dot-com bubble and what applicable lessons we should derive.</li><li>4 helpful tips to think through this investment period.</li></ul><p><b>Investment Thesis</b></p><p>Microsoft (NASDAQ: MSFT) is down more than 30% from its recent highs. In fact, Microsoft&#39;s sell-off has picked up momentum and is down more than 20% in about 6 weeks. This is the momentum that future textbooks will write about!</p><p>I explain where I see an echo of the dotcom bust. While pressing ahead and arguing that analysts are incapable or unwilling to read the room. That Microsoft&#39;s EPS consensus numbers need to come down.</p><p>At the same time driving home the point that the time <i>to be bullish on Microsoft is now</i>.</p><p>Finally, I offer practical tips to think about the present investment environment.</p><p><b>Reminiscence of a Previous Bust</b></p><p>When I started investing, I read about the dot-com bust. I thought to myself, how would have felt? What would I have done during those moments?</p><p>I read how all my value investing idols had different coping strategies. As I plowed through countless <i>graphs that reflected the carnage</i> that tech was left in. And from that experience, I drew up my own versions of what I would have done.</p><p>And what I observed time and time again, was that the most painful aspect of the whole sell-off was the bear market rallies. The bear rallies would have killed me off. And that&#39;s exactly what I believe kills off the investor.</p><p>It&#39;s not necessarily the bear market but the sharp rallies off the bottom that draw you back in, only to grind lower. It&#39;s that consistent tearing and mowing of investors&#39; capital, and alongside that lack of enthusiasm to throw good money after bad money is what I remember about the dot-com bust.</p><p>What&#39;s Happening Right Now?</p><p>When a bear market starts, it starts slow. There&#39;s just some air let out as too many people price anchor to the price they witnessed just a few weeks ago. There&#39;s not a widely enough accepted recognition that the fundamental dynamics have changed. And slowly but surely, more and more people wake up out of a trance.</p><p>At first, there&#39;s inaction. Then, a few people buy a few dips along the way. Then, as things progressed the buy-and-hold crew is unwilling to do anything. Indeed, the whole definition of buy and hold is that the group sticks to their guns.</p><p>But as Microsoft starts dropping more than 25% from its previous highs, there&#39;s a sudden mass awaking. And people start asking difficult questions about their stock investment. And it&#39;s at that point, that investors start to sell out.</p><p>It&#39;s that mass awakening, that mass selling, that typifies the final stretch of the bear market. The indiscriminate selling.</p><p>However, I believe that if there was a time to sell out of Microsoft, that time has now gone. This is not the time to be selling! And here&#39;s what one should instead be thinking about.</p><p>Thinking Ahead, What&#39;s Next?<img src=\"https://static.tigerbbs.com/ce83076d4ccff6ba90d4aa6ba1d38a9c\" tg-width=\"640\" tg-height=\"227\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>MSFT revenue consensus estimates</p><p>Here&#39;s what we see above. The red arrow points to the summer when indications that the inflation was more persistent than investors originally believed. And you can see that fiscal Q1 2023 (upcoming earnings) has been downwards revised, and that makes sense.</p><p>What I do believe that analysts are missing, is that the next twelve months need to be <i>downwards revised more</i>. Why?</p><p>Because everywhere we look, from FedEx (FDX), ServiceNow (NOW), AMD (AMD), and Micron (MU), all these broad global companies have offered recent guidance and they unanimously describe the challenging backdrop in supplies, from inflation, or in cloud enterprise spending. The writing is on the wall.</p><p><b>Embracing Reality</b></p><p>The reason why analysts have failed to adjust later quarterly revenue estimates is that there&#39;s an unplaced belief that the impact of a potential recession will not significantly affect enterprise companies. After all, particularly large enterprises are the companies that are best capitalized to withstand turbulence.</p><p>However, I believe that even if they are able to withstand turbulence, they are not recession-proof.</p><p>Consequently, I argue that analysts are going to be forced to downwards revise fiscal Q2 2023 (ends December 2022) and fiscal Q3 2023 (ends March 2023) revenue estimates.</p><p>And at this stage, you&#39;ll take a pause and think, &#34;I thought you were bullish&#34; on Microsoft. And this is my thesis, that Street needs to start downwards revising its revenue consensus more aggressively in order to regain credibility.</p><p>Presently, there&#39;s an unwillingness to be too ahead of the curve, to acknowledge reality. There&#39;s no point in taking career risk. But we know from those large global companies mentioned above that things are coming to a standstill outside, it&#39;s not difficult to read the room.</p><p><b>MSFT Stock Valuation - 25x This Year&#39;s EPS</b></p><p>Here&#39;s what I believe is a likely scenario. Microsoft&#39;s fiscal 2023 (ends June 2023) EPS will end up lower around 5% to 10%, than current estimates.</p><p>Let&#39;s say 10% for the purposes of our discussion. That implies that Microsoft&#39;s EPS would come in at $9.14 rather than $10.16 which is the current estimate.</p><p>That would put Microsoft at 25x this year&#39;s EPS. Now, I won&#39;t pretend to argue that I find this multiple particularly cheap, I don&#39;t!</p><p>Yet, here are two reasons why I think this is an attractive time to get in.</p><p>Firstly, I&#39;ve downwards revised Microsoft&#39;s EPS estimates to adjust for the new reality that&#39;s underway.</p><p>Secondly, I recognize that Microsoft customers, enterprises, from around the world, will be the first areas to bounce back after a recessionary period.</p><p>And herein is the appeal of investing in Microsoft, it&#39;s a toll bridge on the digitalization of the world.</p><p><b>Key Takeaway: How to Invest, Back to Basics</b></p><p>When it comes to investing in bear markets, there are 4 things that are important to acknowledge.</p><ul><li>The final part of the bear market, that moment of final capitulation is a necessity for ending the bear market.</li><li>That final rinsing out <i>of all</i> investor enthusiasm is the most painful part.</li><li>The absolute bottom doesn&#39;t stay there for too long.</li><li>Nobody rings a bell to inform you that now is the time to get in.</li></ul><p>As we look at Microsoft today, it feels like throwing money down the sink. However, after considering these 4 elements, what you are left with is a period that lasts around 3 or 6 months of throwing good money after bad money.</p><p>But each time one sticks to the process of dollar cost averaging, one can be sure that the average price will work out favorably when we come out at the other end onto the next bull market.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft: Throwing Out Good Money</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: Throwing Out Good Money\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-12 22:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4546089-microsoft-throwing-out-good-money><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryMicrosoft's sell-off is picking up momentum. Within this crescendo, we acknowledge that the bear has got us.Yet, why analysts need to further downwards revise their fiscal 2023 estimates needs ...</p>\n\n<a href=\"https://seekingalpha.com/article/4546089-microsoft-throwing-out-good-money\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://seekingalpha.com/article/4546089-microsoft-throwing-out-good-money","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166781049","content_text":"SummaryMicrosoft's sell-off is picking up momentum. Within this crescendo, we acknowledge that the bear has got us.Yet, why analysts need to further downwards revise their fiscal 2023 estimates needs to be understood.A discussion of the guidance from different global companies and how this paints the underlying reality of what Microsoft's upcoming earnings will be like.A reminiscence of the dot-com bubble and what applicable lessons we should derive.4 helpful tips to think through this investment period.Investment ThesisMicrosoft (NASDAQ: MSFT) is down more than 30% from its recent highs. In fact, Microsoft's sell-off has picked up momentum and is down more than 20% in about 6 weeks. This is the momentum that future textbooks will write about!I explain where I see an echo of the dotcom bust. While pressing ahead and arguing that analysts are incapable or unwilling to read the room. That Microsoft's EPS consensus numbers need to come down.At the same time driving home the point that the time to be bullish on Microsoft is now.Finally, I offer practical tips to think about the present investment environment.Reminiscence of a Previous BustWhen I started investing, I read about the dot-com bust. I thought to myself, how would have felt? What would I have done during those moments?I read how all my value investing idols had different coping strategies. As I plowed through countless graphs that reflected the carnage that tech was left in. And from that experience, I drew up my own versions of what I would have done.And what I observed time and time again, was that the most painful aspect of the whole sell-off was the bear market rallies. The bear rallies would have killed me off. And that's exactly what I believe kills off the investor.It's not necessarily the bear market but the sharp rallies off the bottom that draw you back in, only to grind lower. It's that consistent tearing and mowing of investors' capital, and alongside that lack of enthusiasm to throw good money after bad money is what I remember about the dot-com bust.What's Happening Right Now?When a bear market starts, it starts slow. There's just some air let out as too many people price anchor to the price they witnessed just a few weeks ago. There's not a widely enough accepted recognition that the fundamental dynamics have changed. And slowly but surely, more and more people wake up out of a trance.At first, there's inaction. Then, a few people buy a few dips along the way. Then, as things progressed the buy-and-hold crew is unwilling to do anything. Indeed, the whole definition of buy and hold is that the group sticks to their guns.But as Microsoft starts dropping more than 25% from its previous highs, there's a sudden mass awaking. And people start asking difficult questions about their stock investment. And it's at that point, that investors start to sell out.It's that mass awakening, that mass selling, that typifies the final stretch of the bear market. The indiscriminate selling.However, I believe that if there was a time to sell out of Microsoft, that time has now gone. This is not the time to be selling! And here's what one should instead be thinking about.Thinking Ahead, What's Next?MSFT revenue consensus estimatesHere's what we see above. The red arrow points to the summer when indications that the inflation was more persistent than investors originally believed. And you can see that fiscal Q1 2023 (upcoming earnings) has been downwards revised, and that makes sense.What I do believe that analysts are missing, is that the next twelve months need to be downwards revised more. Why?Because everywhere we look, from FedEx (FDX), ServiceNow (NOW), AMD (AMD), and Micron (MU), all these broad global companies have offered recent guidance and they unanimously describe the challenging backdrop in supplies, from inflation, or in cloud enterprise spending. The writing is on the wall.Embracing RealityThe reason why analysts have failed to adjust later quarterly revenue estimates is that there's an unplaced belief that the impact of a potential recession will not significantly affect enterprise companies. After all, particularly large enterprises are the companies that are best capitalized to withstand turbulence.However, I believe that even if they are able to withstand turbulence, they are not recession-proof.Consequently, I argue that analysts are going to be forced to downwards revise fiscal Q2 2023 (ends December 2022) and fiscal Q3 2023 (ends March 2023) revenue estimates.And at this stage, you'll take a pause and think, \"I thought you were bullish\" on Microsoft. And this is my thesis, that Street needs to start downwards revising its revenue consensus more aggressively in order to regain credibility.Presently, there's an unwillingness to be too ahead of the curve, to acknowledge reality. There's no point in taking career risk. But we know from those large global companies mentioned above that things are coming to a standstill outside, it's not difficult to read the room.MSFT Stock Valuation - 25x This Year's EPSHere's what I believe is a likely scenario. Microsoft's fiscal 2023 (ends June 2023) EPS will end up lower around 5% to 10%, than current estimates.Let's say 10% for the purposes of our discussion. That implies that Microsoft's EPS would come in at $9.14 rather than $10.16 which is the current estimate.That would put Microsoft at 25x this year's EPS. Now, I won't pretend to argue that I find this multiple particularly cheap, I don't!Yet, here are two reasons why I think this is an attractive time to get in.Firstly, I've downwards revised Microsoft's EPS estimates to adjust for the new reality that's underway.Secondly, I recognize that Microsoft customers, enterprises, from around the world, will be the first areas to bounce back after a recessionary period.And herein is the appeal of investing in Microsoft, it's a toll bridge on the digitalization of the world.Key Takeaway: How to Invest, Back to BasicsWhen it comes to investing in bear markets, there are 4 things that are important to acknowledge.The final part of the bear market, that moment of final capitulation is a necessity for ending the bear market.That final rinsing out of all investor enthusiasm is the most painful part.The absolute bottom doesn't stay there for too long.Nobody rings a bell to inform you that now is the time to get in.As we look at Microsoft today, it feels like throwing money down the sink. However, after considering these 4 elements, what you are left with is a period that lasts around 3 or 6 months of throwing good money after bad money.But each time one sticks to the process of dollar cost averaging, one can be sure that the average price will work out favorably when we come out at the other end onto the next bull market.","news_type":1},"isVote":1,"tweetType":1,"viewCount":314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9909173457,"gmtCreate":1658841246779,"gmtModify":1676536215404,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Expected&nbsp;","listText":"Expected&nbsp;","text":"Expected","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9909173457","repostId":"1187177124","repostType":2,"repost":{"id":"1187177124","pubTimestamp":1658835254,"share":"https://ttm.financial/m/news/1187177124?lang=&edition=fundamental","pubTime":"2022-07-26 19:34","market":"us","language":"en","title":"Facebook Employees Are Preparing for Staff Cuts of up to 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=1187177124","media":"business insider","summary":"Meta employees are bracing for job cuts. Facing new performance requirements and a tougher market, s","content":"<html><head></head><body><p>Meta employees are bracing for job cuts. Facing new performance requirements and a tougher market, some Meta (formerly known as Facebook) employees believe the company could reduce headcount by as much as 10% this year.</p><p>In an internal memo earlier this month, Meta&#39;s HR chief Lori Goler suggested cutting employees who can&#39;t meet expectations as the company begins to operate with &#34;increased intensity.&#34;</p><p>Some employees said the looming layoffs feel like a &#34;witch hunt&#34; as the company looks to weed out low performers.</p><p>&#34;It hasn&#39;t started yet,&#34; one employee told Insider, &#34;but it&#39;s coming.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook Employees Are Preparing for Staff Cuts of up to 10%</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 Employees Are Preparing for Staff Cuts of up to 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-26 19:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businessinsider.com/facebook-employees-job-cuts-meta-2022-7><strong>business insider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Meta employees are bracing for job cuts. Facing new performance requirements and a tougher market, some Meta (formerly known as Facebook) employees believe the company could reduce headcount by as ...</p>\n\n<a href=\"https://www.businessinsider.com/facebook-employees-job-cuts-meta-2022-7\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc."},"source_url":"https://www.businessinsider.com/facebook-employees-job-cuts-meta-2022-7","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187177124","content_text":"Meta employees are bracing for job cuts. Facing new performance requirements and a tougher market, some Meta (formerly known as Facebook) employees believe the company could reduce headcount by as much as 10% this year.In an internal memo earlier this month, Meta's HR chief Lori Goler suggested cutting employees who can't meet expectations as the company begins to operate with \"increased intensity.\"Some employees said the looming layoffs feel like a \"witch hunt\" as the company looks to weed out low performers.\"It hasn't started yet,\" one employee told Insider, \"but it's coming.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":89,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9909173302,"gmtCreate":1658841137706,"gmtModify":1676536215396,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>Have faith","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>Have faith","text":"$Tesla Motors(TSLA)$Have faith","images":[{"img":"https://community-static.tradeup.com/news/1fe01d797d5018e587b0c257a2db2fcd","width":"1284","height":"2538"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9909173302","isVote":1,"tweetType":1,"viewCount":64,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9935667805,"gmtCreate":1663082893607,"gmtModify":1676537199607,"author":{"id":"3559039607887199","authorId":"3559039607887199","authorIdStr":"3559039607887199","name":"Junqiang","avatar":"https://community-static.tradeup.com/news/5997abe1b599c70da64c7ddb173d8b64","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3559039607887199"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9935667805","repostId":"1189570916","repostType":4,"repost":{"id":"1189570916","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":1663080528,"share":"https://ttm.financial/m/news/1189570916?lang=&edition=fundamental","pubTime":"2022-09-13 22:48","market":"us","language":"en","title":"Stock Sell-Off Deepens, Dow Drops 800 Points Following Hot Inflation Report","url":"https://stock-news.laohu8.com/highlight/detail?id=1189570916","media":"Tiger Newspress","summary":"Stocks fell sharply on Tuesday after a keyAugust inflation reportcame in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve.The Dow Jones Industri","content":"<html><head></head><body><p>Stocks fell sharply on Tuesday after a keyAugust inflation reportcame in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve.</p><p>The Dow Jones Industrial Average slid 818 points, or 2.5%. The S&amp;P 500 dropped 2.9%, and the Nasdaq Composite sank 3.6%.</p><p>More than 490 stocks in the S&amp;P 500 fell, with Facebook-parent Meta dropping 7.6% and Caesars Entertainment losing 6.7%.</p><p>The August consumer price index report showed a higher-than-expected reading for inflation. Headline inflation rose 0.1% month over month, even with falling gas prices. Core inflation rose 0.6% month over month. On a year-over-year basis, inflation was 8.3%.</p><p>Economists surveyed by Dow Jones had been expecting a decline of 0.1% for overall inflation, with a rise of 0.3% for core inflation.</p><p>The report is one of the last the Fed will see ahead of their Sept. 20-21 meeting, where the central bank is expected to deliver theirthird consecutive 0.75 percentage point interest rate hiketo tamp down inflation. The unexpectedly high August report could lead the Fed to continue its aggressive hikes longer than some investors anticipated.</p><p>The moves comes after four straight positive sessions for U.S. stocks, which were bolstered in part by the belief of many investors that inflation had already peaked.</p><p>“The CPI report was an unequivocal negative for equity markets. The hotter than expected report means we will get continued pressure from Fed policy via rate hikes,” said Matt Peron, director of research at Janus Henderson Investors. “It also pushes back any ‘Fed pivot’ that the markets were hopeful for in the near term. As we have cautioned over the past months, we are not out of the woods yet and would maintain a defensive posture with equity and sector allocations.”</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Sell-Off Deepens, Dow Drops 800 Points Following Hot Inflation Report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\nStock Sell-Off Deepens, Dow Drops 800 Points Following Hot Inflation Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-13 22:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Stocks fell sharply on Tuesday after a keyAugust inflation reportcame in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve.</p><p>The Dow Jones Industrial Average slid 818 points, or 2.5%. The S&amp;P 500 dropped 2.9%, and the Nasdaq Composite sank 3.6%.</p><p>More than 490 stocks in the S&amp;P 500 fell, with Facebook-parent Meta dropping 7.6% and Caesars Entertainment losing 6.7%.</p><p>The August consumer price index report showed a higher-than-expected reading for inflation. Headline inflation rose 0.1% month over month, even with falling gas prices. Core inflation rose 0.6% month over month. On a year-over-year basis, inflation was 8.3%.</p><p>Economists surveyed by Dow Jones had been expecting a decline of 0.1% for overall inflation, with a rise of 0.3% for core inflation.</p><p>The report is one of the last the Fed will see ahead of their Sept. 20-21 meeting, where the central bank is expected to deliver theirthird consecutive 0.75 percentage point interest rate hiketo tamp down inflation. The unexpectedly high August report could lead the Fed to continue its aggressive hikes longer than some investors anticipated.</p><p>The moves comes after four straight positive sessions for U.S. stocks, which were bolstered in part by the belief of many investors that inflation had already peaked.</p><p>“The CPI report was an unequivocal negative for equity markets. The hotter than expected report means we will get continued pressure from Fed policy via rate hikes,” said Matt Peron, director of research at Janus Henderson Investors. “It also pushes back any ‘Fed pivot’ that the markets were hopeful for in the near term. As we have cautioned over the past months, we are not out of the woods yet and would maintain a defensive posture with equity and sector allocations.”</p></body></html>\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":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189570916","content_text":"Stocks fell sharply on Tuesday after a keyAugust inflation reportcame in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve.The Dow Jones Industrial Average slid 818 points, or 2.5%. The S&P 500 dropped 2.9%, and the Nasdaq Composite sank 3.6%.More than 490 stocks in the S&P 500 fell, with Facebook-parent Meta dropping 7.6% and Caesars Entertainment losing 6.7%.The August consumer price index report showed a higher-than-expected reading for inflation. Headline inflation rose 0.1% month over month, even with falling gas prices. Core inflation rose 0.6% month over month. On a year-over-year basis, inflation was 8.3%.Economists surveyed by Dow Jones had been expecting a decline of 0.1% for overall inflation, with a rise of 0.3% for core inflation.The report is one of the last the Fed will see ahead of their Sept. 20-21 meeting, where the central bank is expected to deliver theirthird consecutive 0.75 percentage point interest rate hiketo tamp down inflation. The unexpectedly high August report could lead the Fed to continue its aggressive hikes longer than some investors anticipated.The moves comes after four straight positive sessions for U.S. stocks, which were bolstered in part by the belief of many investors that inflation had already peaked.“The CPI report was an unequivocal negative for equity markets. The hotter than expected report means we will get continued pressure from Fed policy via rate hikes,” said Matt Peron, director of research at Janus Henderson Investors. “It also pushes back any ‘Fed pivot’ that the markets were hopeful for in the near term. As we have cautioned over the past months, we are not out of the woods yet and would maintain a defensive posture with equity and sector allocations.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}