宇哲颖 personal page - To The Moon

宇哲颖

宇哲颖

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10-02

Yeha

2023-06-23

$Sea Ltd(SE)$ shares are very undervalued for the growth. Sea grows much faster as a tech company. Ready for profit report. 📈

2023-06-14

$TQQQ 20240119 37.5 CALL$

2023-05-23

Long. Short squeeze!!

3 Reasons Sea Limited Is a Buy for the Long Haul

2022-12-22

Cut more. It's not enough

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2022-08-29

Stooped!!

2022-08-29

Yes is rubbish

2022-05-20

Go NIO! Sell your cars in SG pls.

NIO Debuts in Singapore as the First Auto Company Listed on Three Exchanges

2022-04-19

$Twitter(TWTR)$if they're smart they will sell

2022-04-19

Yes. Fire the entire existing board. The shareholders want to sell to Musk.

Musk: Twitter Board to be Paid Nothing If He Buys Company -- Market Talk

2022-03-15

Loss making company

Gitlab Shares Surged over 10% in Premarket Trading

2022-02-14

Temasek increased shares in SEA

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2022-02-14

Short Squeeze!!

Sorry, the original content has been removed

2022-01-03

Yay! I got president

2021-03-18

Up to the moon

2021-03-17

Buy the dip!

2021-03-17

Wow

Larry McDonald Warns "The Big [Market] Quake Is Coming"

Go to Tiger App to see more news

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href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a><v-v data-views=\"1\"></v-v>shares are very&nbsp;undervalued for the growth. Sea grows much faster as a tech company. Ready for profit report.&nbsp; 📈&nbsp;","listText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a><v-v data-views=\"1\"></v-v>shares are very&nbsp;undervalued for the growth. Sea grows much faster as a tech company. Ready for profit report.&nbsp; 📈&nbsp;","text":"$Sea Ltd(SE)$ shares are very undervalued for the growth. Sea grows much faster as a tech company. Ready for profit report. 📈","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190191635296408","isVote":1,"tweetType":1,"viewCount":479,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187297786232960,"gmtCreate":1686754812826,"gmtModify":1686755524547,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/OPT/TQQQ 20240119 37.5 CALL\">$TQQQ 20240119 37.5 CALL$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/OPT/TQQQ 20240119 37.5 CALL\">$TQQQ 20240119 37.5 CALL$ &nbsp;</a>","text":"$TQQQ 20240119 37.5 CALL$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187297786232960","isVote":1,"tweetType":1,"viewCount":262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9970453424,"gmtCreate":1684854225868,"gmtModify":1684854230523,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Long. Short squeeze!!","listText":"Long. Short squeeze!!","text":"Long. Short squeeze!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970453424","repostId":"2337959393","repostType":2,"repost":{"id":"2337959393","kind":"highlight","pubTimestamp":1684849783,"share":"https://ttm.financial/m/news/2337959393?lang=&edition=fundamental","pubTime":"2023-05-23 21:49","market":"us","language":"en","title":"3 Reasons Sea Limited Is a Buy for the Long Haul","url":"https://stock-news.laohu8.com/highlight/detail?id=2337959393","media":"Motley Fool","summary":"Management has earned investors' trust.","content":"<html><head></head><body><h2>KEY POINTS</h2><ul><li><p>Investors sold off Sea Limited after its first-quarter earnings, but they&#39;re missing the big picture.</p></li><li><p>Its most important divisions actually did very well.</p></li><li><p>The company is now profitable after aggressive cost cuts over the past year.</p></li></ul><p><a href=\"https://laohu8.com/S/SE\">Sea Limited</a> investors have been on a wild ride this year, with the stock rising more than 60% in 2023 up until last week&#39;s earnings report, after which the stock promptly dropped nearly 20%.</p><p>While a slight miss on the bottom line might have been the excuse short-term investors needed to take some profits, Sea Limited actually delivered some impressive results when looking under the hood at its most important e-commerce and fintech segments. Still down some 80% from its 2021 highs, Sea&#39;s shares look interesting on this recent dip.</p><p>In fact, there aren&#39;t one but several good reasons to scoop up Sea shares for the long haul at these prices.</p><h2>1. Proven execution in three different businesses</h2><p>One of the keys to identifying stocks with outsized, long-term potential is to identify an all-star management team. Sea&#39;s CEO Forrest Li and his team have clearly proven themselves as such.</p><p>Sea started merely as a video game publisher for third-party games in Southeast Asian countries in 2009. But in 2017, it launched its first in-house developed game <em>Free Fire</em>, which went on to become a global hit and attract 150 million players by 2021. In 2014 and 2015, Sea launched its digital-financial services SeaMoney and then its e-commerce platform Shopee. In just seven short years, Shopee now leads in e-commerce in six major Southeast Asian countries and is growing fast in Brazil, where it launched in 2019. Meanwhile, the company&#39;s digital-financial services have taken off and is now Sea&#39;s highest-growing segment.</p><p>Being able to execute at the top of not one but three fairly different industries is a testament to management&#39;s prowess, especially when you think about the difficulties of serving e-commerce to emerging markets. For instance, Indonesia is a country of 10,000 islands and had been too complicated for third-party logistics services to cover. However, on the recent conference call, Sea&#39;s management noted that 95% of the country is now covered by Shopee&#39;s own logistics services.</p><p>Overtaking established leaders and solving customer problems in emerging markets is no easy feat; based on its track record of doing this repeatedly, Sea&#39;s management should have earned the trust of investors by now.</p><h2>2. Adaptability</h2><p>Of course, operating in dynamic emerging markets and volatile financial markets is never a smooth ride. The massive shift from the pre-pandemic, low-interest environment to a high-inflation, high-rate environment in 2022 to 2023 has proven challenging not only for Sea but many other internet businesses.</p><p>However, management&#39;s ability to adapt and quickly reorient the company over the past 18 months has been nothing short of amazing.</p><p>In the pre-pandemic and pandemic eras of low interest rates, Sea was able to use its video game profits and publicly raised funds to build out Shopee and SeaMoney into the juggernauts they are today. However, that took lots and lots of cash as Sea was burning through hundreds of millions of dollars every quarter during that time.</p><p>When the pandemic subsided, video game profits fell, and interest rates spiked, Forrest Li and his team completely changed tactics. They cut staff, passed up their own salaries, and executed vigorous cost cutting, which became the company&#39;s mantra, even down to the type of toilet paper used in the office.</p><p>Looking at the company&#39;s headline numbers may understate just how dramatic the change has been as the Garena gaming division&#39;s profitability has continued to fall. Yet look at the massive change in profitability in the still-growing Shopee and SeaMoney divisions last quarter:</p><table style=\"border-collapse:collapse;\"><tbody><tr><th style=\"text-align:left;\"><p><strong>Sea Limited</strong> (SE -2.12%) <strong>Segment Adjusted EBITDA</strong> (millions)</p></th><th style=\"text-align:left;\"><p><strong>Q1 2022</strong></p></th><th style=\"text-align:left;\"><p><strong>Q1 2023</strong></p></th></tr></tbody><tbody><tr><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>Digital entertainment</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>$431.4</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>$230.1</p></td></tr><tr><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>E-commerce</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>($742.8)</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>$207.7</p></td></tr><tr><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>Digital financial services</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>($124.9)</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>$98.9</p></td></tr><tr><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>Other</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>($64.6)</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>($21.9)</p></td></tr><tr><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>Unallocated expenses</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>($8.9)</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>($7.6)</p></td></tr><tr><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>Total EBITDA</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>($509.9)</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>$507.2</p></td></tr></tbody></table><p>Data source: Sea Limited Q1 2023 press release. Chart by author.</p><p>What&#39;s even more remarkable is that this $1 billion improvement in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) came as the company only grew overall revenue by just $141 million. That just goes to show the depths of Sea&#39;s cost cuts, which bodes well for the company&#39;s ability to grow efficiently and profitably going forward.</p><h2>3. Good at market timing</h2><p>Given the massive change in the inflation and rate environment, Sea&#39;s share price has been on a roller-coaster ride. The company went public back in 2017 at $15 per share, reached a high of $372.70 in late 2021, crashed to just above $40 last fall, and is now near $70 per share.</p><p>A stock&#39;s equity price isn&#39;t only a reflection of buyers and sellers in the market; it can also affect how the company can fund itself. Fortunately, Sea&#39;s management appears to also understand this very well, along with an uncanny ability to time the capital markets.</p><p>As its share price surged higher and higher in 2021, Sea opportunistically raised money with its stock near all-time highs in September of that year, selling shares at $318 per share, along with billions in 0.25% convertible notes. Those funds proved crucial to Sea, giving it a cash cushion and therefore time to execute its turnaround and make it to profitability in the fourth quarter of 2022.</p><p>Then, as Sea achieved profitability in Q4, and with its stock price near 52-week lows, management repurchased $611 million of those convertible notes at a big discount, as the notes&#39; market price fluctuates with Sea&#39;s stock price, leading to a gain of $200 million!</p><p>Selling high and buying low on its own stock is another way management has created value of shareholders.</p><h2>Proven management with tailwinds at its back</h2><p>While there are sure to be bumps along the way, these three factors appear to prove Sea&#39;s management team is first-class, with the ability to build and strengthen its three competitively advantaged platforms.</p><p>Even in the challenged 2022, consulting firm Bain &amp; Co. sees the Southeast Asian economies growing 4% to 5% annually over the next decade, which is a very healthy annualized rate for this large region. This is due to favorable demographics, government policies, and the rapidly digitizing economies in these countries, which should fuel efficient productivity over time.</p><p>All of those factors should benefit Sea&#39;s three digital businesses. With the company trading at just 3 times sales and with rapidly improving profitability, long-term investors shouldn&#39;t pass up the chance to buy Sea shares on this post-earnings dip.</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>3 Reasons Sea Limited Is a Buy for the Long Haul</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\">\n3 Reasons Sea Limited Is a Buy for the Long Haul\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-23 21:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/05/23/3-reasons-sea-limited-is-a-buy-for-the-long-haul/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSInvestors sold off Sea Limited after its first-quarter earnings, but they're missing the big picture.Its most important divisions actually did very well.The company is now profitable after ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/05/23/3-reasons-sea-limited-is-a-buy-for-the-long-haul/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://www.fool.com/investing/2023/05/23/3-reasons-sea-limited-is-a-buy-for-the-long-haul/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2337959393","content_text":"KEY POINTSInvestors sold off Sea Limited after its first-quarter earnings, but they're missing the big picture.Its most important divisions actually did very well.The company is now profitable after aggressive cost cuts over the past year.Sea Limited investors have been on a wild ride this year, with the stock rising more than 60% in 2023 up until last week's earnings report, after which the stock promptly dropped nearly 20%.While a slight miss on the bottom line might have been the excuse short-term investors needed to take some profits, Sea Limited actually delivered some impressive results when looking under the hood at its most important e-commerce and fintech segments. Still down some 80% from its 2021 highs, Sea's shares look interesting on this recent dip.In fact, there aren't one but several good reasons to scoop up Sea shares for the long haul at these prices.1. Proven execution in three different businessesOne of the keys to identifying stocks with outsized, long-term potential is to identify an all-star management team. Sea's CEO Forrest Li and his team have clearly proven themselves as such.Sea started merely as a video game publisher for third-party games in Southeast Asian countries in 2009. But in 2017, it launched its first in-house developed game Free Fire, which went on to become a global hit and attract 150 million players by 2021. In 2014 and 2015, Sea launched its digital-financial services SeaMoney and then its e-commerce platform Shopee. In just seven short years, Shopee now leads in e-commerce in six major Southeast Asian countries and is growing fast in Brazil, where it launched in 2019. Meanwhile, the company's digital-financial services have taken off and is now Sea's highest-growing segment.Being able to execute at the top of not one but three fairly different industries is a testament to management's prowess, especially when you think about the difficulties of serving e-commerce to emerging markets. For instance, Indonesia is a country of 10,000 islands and had been too complicated for third-party logistics services to cover. However, on the recent conference call, Sea's management noted that 95% of the country is now covered by Shopee's own logistics services.Overtaking established leaders and solving customer problems in emerging markets is no easy feat; based on its track record of doing this repeatedly, Sea's management should have earned the trust of investors by now.2. AdaptabilityOf course, operating in dynamic emerging markets and volatile financial markets is never a smooth ride. The massive shift from the pre-pandemic, low-interest environment to a high-inflation, high-rate environment in 2022 to 2023 has proven challenging not only for Sea but many other internet businesses.However, management's ability to adapt and quickly reorient the company over the past 18 months has been nothing short of amazing.In the pre-pandemic and pandemic eras of low interest rates, Sea was able to use its video game profits and publicly raised funds to build out Shopee and SeaMoney into the juggernauts they are today. However, that took lots and lots of cash as Sea was burning through hundreds of millions of dollars every quarter during that time.When the pandemic subsided, video game profits fell, and interest rates spiked, Forrest Li and his team completely changed tactics. They cut staff, passed up their own salaries, and executed vigorous cost cutting, which became the company's mantra, even down to the type of toilet paper used in the office.Looking at the company's headline numbers may understate just how dramatic the change has been as the Garena gaming division's profitability has continued to fall. Yet look at the massive change in profitability in the still-growing Shopee and SeaMoney divisions last quarter:Sea Limited (SE -2.12%) Segment Adjusted EBITDA (millions)Q1 2022Q1 2023Digital entertainment$431.4$230.1E-commerce($742.8)$207.7Digital financial services($124.9)$98.9Other($64.6)($21.9)Unallocated expenses($8.9)($7.6)Total EBITDA($509.9)$507.2Data source: Sea Limited Q1 2023 press release. Chart by author.What's even more remarkable is that this $1 billion improvement in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) came as the company only grew overall revenue by just $141 million. That just goes to show the depths of Sea's cost cuts, which bodes well for the company's ability to grow efficiently and profitably going forward.3. Good at market timingGiven the massive change in the inflation and rate environment, Sea's share price has been on a roller-coaster ride. The company went public back in 2017 at $15 per share, reached a high of $372.70 in late 2021, crashed to just above $40 last fall, and is now near $70 per share.A stock's equity price isn't only a reflection of buyers and sellers in the market; it can also affect how the company can fund itself. Fortunately, Sea's management appears to also understand this very well, along with an uncanny ability to time the capital markets.As its share price surged higher and higher in 2021, Sea opportunistically raised money with its stock near all-time highs in September of that year, selling shares at $318 per share, along with billions in 0.25% convertible notes. Those funds proved crucial to Sea, giving it a cash cushion and therefore time to execute its turnaround and make it to profitability in the fourth quarter of 2022.Then, as Sea achieved profitability in Q4, and with its stock price near 52-week lows, management repurchased $611 million of those convertible notes at a big discount, as the notes' market price fluctuates with Sea's stock price, leading to a gain of $200 million!Selling high and buying low on its own stock is another way management has created value of shareholders.Proven management with tailwinds at its backWhile there are sure to be bumps along the way, these three factors appear to prove Sea's management team is first-class, with the ability to build and strengthen its three competitively advantaged platforms.Even in the challenged 2022, consulting firm Bain & Co. sees the Southeast Asian economies growing 4% to 5% annually over the next decade, which is a very healthy annualized rate for this large region. This is due to favorable demographics, government policies, and the rapidly digitizing economies in these countries, which should fuel efficient productivity over time.All of those factors should benefit Sea's three digital businesses. With the company trading at just 3 times sales and with rapidly improving profitability, long-term investors shouldn't pass up the chance to buy Sea shares on this post-earnings dip.","news_type":1},"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9922196086,"gmtCreate":1671711397646,"gmtModify":1676538580170,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Cut more. It's not enough","listText":"Cut more. It's not enough","text":"Cut more. It's not enough","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9922196086","repostId":"1169830063","repostType":2,"isVote":1,"tweetType":1,"viewCount":241,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9997117445,"gmtCreate":1661760489391,"gmtModify":1676536574178,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Stooped!!","listText":"Stooped!!","text":"Stooped!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997117445","isVote":1,"tweetType":1,"viewCount":250,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9997117652,"gmtCreate":1661760431279,"gmtModify":1676536574171,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Yes is rubbish","listText":"Yes is rubbish","text":"Yes is rubbish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997117652","isVote":1,"tweetType":1,"viewCount":229,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9021124434,"gmtCreate":1653015310129,"gmtModify":1676535208923,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Go NIO! Sell your cars in SG pls.","listText":"Go NIO! Sell your cars in SG pls.","text":"Go NIO! Sell your cars in SG pls.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021124434","repostId":"1127589935","repostType":2,"repost":{"id":"1127589935","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1653009528,"share":"https://ttm.financial/m/news/1127589935?lang=&edition=fundamental","pubTime":"2022-05-20 09:18","market":"sg","language":"en","title":"NIO Debuts in Singapore as the First Auto Company Listed on Three Exchanges","url":"https://stock-news.laohu8.com/highlight/detail?id=1127589935","media":"Tiger Newspress","summary":"On May 20, 2022, NIO successfully listed its Class A ordinary shares on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST) under the stock code \"NIO\", making NIO the first au","content":"<html><head></head><body><p>On May 20, 2022, NIO successfully listed its Class A ordinary shares on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST) under the stock code &#34;NIO&#34;, making NIO the first auto company listed on three Exchanges and the first Chinese company listed in the United States, Hong Kong and Singapore. NIO opens USD16.9，its market cap USD33.23B.</p><p><img src=\"https://static.tigerbbs.com/a194acc8c00d27763aa4d754ccc4faa8\" tg-width=\"821\" tg-height=\"822\" referrerpolicy=\"no-referrer\"/></p><p>&#34;Today marks a new milestone for NIO. The listing on the SGX is of great importance to NIO&#39;s global business development. NIO has further strengthened its footing in the global capital markets with Singapore&#39;s strategic significance. Moreover, we will also leverage Singapore&#39;s advantageous position as an international financial and technology center. By collaborating with science and research institutions and establishing NIO&#39;s R&amp;D center for AI and AD in Singapore, we will further broaden and enhance our global R&amp;D footprint,&#34; said William Li, founder, chairman and chief executive officer of NIO.</p><p>--------------------------</p><p>NIO Inc. is a global smart electric vehicle company. Founded on November 25, 2014, NIO’s mission is to shape a joyful lifestyle by offering high-performance smart electric vehicles and being the best user enterprise. NIO has established R&amp;D centers, manufacturing, sales and service facilities in Shanghai, Hefei, Beijing, Nanjing, San Jose, Munich, Oxford, Oslo and other places. NIO has initially set up the user service network with nationwide coverage in China and began its global market entry since 2021.</p><p>In 2015, NIO Formula E team won the inaugural FIA Formula E Drivers&#39; Championship. In 2016, NIO launched the EP9, one of the world&#39;s fastest electric vehicles. In 2017, NIO unveiled its vision car, EVE. On June 28, 2018, NIO began deliveries of the ES8, a 7-seater high-performance flagship smart electric SUV. On September 12, 2018, NIO went public on New York Exchange (NYSE). On March 10, 2022, NIO listed on the Main Board of the Stock Exchange of Hong Kong (HKEX).</p><p>On May 20, 2022, NIO listed on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST).</p><p>From 2018 to 2021, NIO delivered 11,348, 20,565, 43,728 and 91,429 electric vehicles, respectively. As of May 15, 2022, the cumulative delivery of NIO&#39;s mass-produced vehicles exceeded 200,000 units.</p><p>For the year ended December 31, 2019, 2020 and 2021, the company had total revenue of RMB7.82 billion, RMB16.26 billion and RMB36.14 billion, total gross margin of -15.3%, 11.5% and 18.9%, and net loss of RMB11.3 billion, RMB5.3 billion and RMB4.0 billion respectively.</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO Debuts in Singapore as the First Auto Company Listed on Three Exchanges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNIO Debuts in Singapore as the First Auto Company Listed on Three Exchanges\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\">2022-05-20 09:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>On May 20, 2022, NIO successfully listed its Class A ordinary shares on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST) under the stock code &#34;NIO&#34;, making NIO the first auto company listed on three Exchanges and the first Chinese company listed in the United States, Hong Kong and Singapore. NIO opens USD16.9，its market cap USD33.23B.</p><p><img src=\"https://static.tigerbbs.com/a194acc8c00d27763aa4d754ccc4faa8\" tg-width=\"821\" tg-height=\"822\" referrerpolicy=\"no-referrer\"/></p><p>&#34;Today marks a new milestone for NIO. The listing on the SGX is of great importance to NIO&#39;s global business development. NIO has further strengthened its footing in the global capital markets with Singapore&#39;s strategic significance. Moreover, we will also leverage Singapore&#39;s advantageous position as an international financial and technology center. By collaborating with science and research institutions and establishing NIO&#39;s R&amp;D center for AI and AD in Singapore, we will further broaden and enhance our global R&amp;D footprint,&#34; said William Li, founder, chairman and chief executive officer of NIO.</p><p>--------------------------</p><p>NIO Inc. is a global smart electric vehicle company. Founded on November 25, 2014, NIO’s mission is to shape a joyful lifestyle by offering high-performance smart electric vehicles and being the best user enterprise. NIO has established R&amp;D centers, manufacturing, sales and service facilities in Shanghai, Hefei, Beijing, Nanjing, San Jose, Munich, Oxford, Oslo and other places. NIO has initially set up the user service network with nationwide coverage in China and began its global market entry since 2021.</p><p>In 2015, NIO Formula E team won the inaugural FIA Formula E Drivers&#39; Championship. In 2016, NIO launched the EP9, one of the world&#39;s fastest electric vehicles. In 2017, NIO unveiled its vision car, EVE. On June 28, 2018, NIO began deliveries of the ES8, a 7-seater high-performance flagship smart electric SUV. On September 12, 2018, NIO went public on New York Exchange (NYSE). On March 10, 2022, NIO listed on the Main Board of the Stock Exchange of Hong Kong (HKEX).</p><p>On May 20, 2022, NIO listed on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST).</p><p>From 2018 to 2021, NIO delivered 11,348, 20,565, 43,728 and 91,429 electric vehicles, respectively. As of May 15, 2022, the cumulative delivery of NIO&#39;s mass-produced vehicles exceeded 200,000 units.</p><p>For the year ended December 31, 2019, 2020 and 2021, the company had total revenue of RMB7.82 billion, RMB16.26 billion and RMB36.14 billion, total gross margin of -15.3%, 11.5% and 18.9%, and net loss of RMB11.3 billion, RMB5.3 billion and RMB4.0 billion respectively.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO.SI":"蔚来","NIO":"蔚来"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127589935","content_text":"On May 20, 2022, NIO successfully listed its Class A ordinary shares on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST) under the stock code \"NIO\", making NIO the first auto company listed on three Exchanges and the first Chinese company listed in the United States, Hong Kong and Singapore. NIO opens USD16.9，its market cap USD33.23B.\"Today marks a new milestone for NIO. The listing on the SGX is of great importance to NIO's global business development. NIO has further strengthened its footing in the global capital markets with Singapore's strategic significance. Moreover, we will also leverage Singapore's advantageous position as an international financial and technology center. By collaborating with science and research institutions and establishing NIO's R&D center for AI and AD in Singapore, we will further broaden and enhance our global R&D footprint,\" said William Li, founder, chairman and chief executive officer of NIO.--------------------------NIO Inc. is a global smart electric vehicle company. Founded on November 25, 2014, NIO’s mission is to shape a joyful lifestyle by offering high-performance smart electric vehicles and being the best user enterprise. NIO has established R&D centers, manufacturing, sales and service facilities in Shanghai, Hefei, Beijing, Nanjing, San Jose, Munich, Oxford, Oslo and other places. NIO has initially set up the user service network with nationwide coverage in China and began its global market entry since 2021.In 2015, NIO Formula E team won the inaugural FIA Formula E Drivers' Championship. In 2016, NIO launched the EP9, one of the world's fastest electric vehicles. In 2017, NIO unveiled its vision car, EVE. On June 28, 2018, NIO began deliveries of the ES8, a 7-seater high-performance flagship smart electric SUV. On September 12, 2018, NIO went public on New York Exchange (NYSE). On March 10, 2022, NIO listed on the Main Board of the Stock Exchange of Hong Kong (HKEX).On May 20, 2022, NIO listed on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST).From 2018 to 2021, NIO delivered 11,348, 20,565, 43,728 and 91,429 electric vehicles, respectively. As of May 15, 2022, the cumulative delivery of NIO's mass-produced vehicles exceeded 200,000 units.For the year ended December 31, 2019, 2020 and 2021, the company had total revenue of RMB7.82 billion, RMB16.26 billion and RMB36.14 billion, total gross margin of -15.3%, 11.5% and 18.9%, and net loss of RMB11.3 billion, RMB5.3 billion and RMB4.0 billion respectively.","news_type":1},"isVote":1,"tweetType":1,"viewCount":447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9088922593,"gmtCreate":1650300394222,"gmtModify":1676534690869,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TWTR\">$Twitter(TWTR)$</a>if they're smart they will sell","listText":"<a href=\"https://ttm.financial/S/TWTR\">$Twitter(TWTR)$</a>if they're smart they will sell","text":"$Twitter(TWTR)$if they're smart they will sell","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088922593","isVote":1,"tweetType":1,"viewCount":415,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9088916731,"gmtCreate":1650297968175,"gmtModify":1676534690113,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Yes. Fire the entire existing board. The shareholders want to sell to Musk.","listText":"Yes. Fire the entire existing board. The shareholders want to sell to Musk.","text":"Yes. Fire the entire existing board. The shareholders want to sell to Musk.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088916731","repostId":"2228956134","repostType":2,"repost":{"id":"2228956134","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1650295440,"share":"https://ttm.financial/m/news/2228956134?lang=&edition=fundamental","pubTime":"2022-04-18 23:24","market":"us","language":"en","title":"Musk: Twitter Board to be Paid Nothing If He Buys Company -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2228956134","media":"Dow Jones","summary":"1124 ET - Tesla Chief Executive Elon Musk says Twitter's board of directors won't be paid if he succ","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n    1124 ET - Tesla Chief Executive Elon Musk says <a href=\"https://laohu8.com/S/TWTR\">Twitter</a>'s board of directors won't be paid if he succeeds in striking a deal to buy the social-media company. \"Board salary will be $0 if my bid succeeds, so that's $3M/year saved right there,\" Musk says in a tweet. It is not clear what the structure of Twitter's board would look like if the billionaire successfully buys it and takes it private. Twitter spent about $2.9M in board compensation in 2021, though most of that was stock awards, according to a regulatory filing. (will.feuer@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  April 18, 2022 11:24 ET (15:24 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>","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>Musk: Twitter Board to be Paid Nothing If He Buys Company -- Market Talk</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\">\nMusk: Twitter Board to be Paid Nothing If He Buys Company -- Market Talk\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\">2022-04-18 23:24</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n    1124 ET - Tesla Chief Executive Elon Musk says <a href=\"https://laohu8.com/S/TWTR\">Twitter</a>'s board of directors won't be paid if he succeeds in striking a deal to buy the social-media company. \"Board salary will be $0 if my bid succeeds, so that's $3M/year saved right there,\" Musk says in a tweet. It is not clear what the structure of Twitter's board would look like if the billionaire successfully buys it and takes it private. Twitter spent about $2.9M in board compensation in 2021, though most of that was stock awards, according to a regulatory filing. (will.feuer@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  April 18, 2022 11:24 ET (15:24 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4511":"特斯拉概念","BK4099":"汽车制造商","TWTR":"Twitter","BK4574":"无人驾驶","BK4551":"寇图资本持仓","BK4548":"巴美列捷福持仓","BK4534":"瑞士信贷持仓","BK4527":"明星科技股","BK4581":"高盛持仓","TSLA":"特斯拉","BK4555":"新能源车","BK4550":"红杉资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2228956134","content_text":"1124 ET - Tesla Chief Executive Elon Musk says Twitter's board of directors won't be paid if he succeeds in striking a deal to buy the social-media company. \"Board salary will be $0 if my bid succeeds, so that's $3M/year saved right there,\" Musk says in a tweet. It is not clear what the structure of Twitter's board would look like if the billionaire successfully buys it and takes it private. Twitter spent about $2.9M in board compensation in 2021, though most of that was stock awards, according to a regulatory filing. (will.feuer@wsj.com) \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  April 18, 2022 11:24 ET (15:24 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9032698137,"gmtCreate":1647348506069,"gmtModify":1676534218996,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Loss making company","listText":"Loss making company","text":"Loss making company","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032698137","repostId":"1192506500","repostType":2,"repost":{"id":"1192506500","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1647331854,"share":"https://ttm.financial/m/news/1192506500?lang=&edition=fundamental","pubTime":"2022-03-15 16:10","market":"us","language":"en","title":"Gitlab Shares Surged over 10% in Premarket Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1192506500","media":"Tiger Newspress","summary":"Gitlab shares surged over 10% in premarket trading.The company reported a fourth-quarter loss of $45","content":"<html><head></head><body><p>Gitlab shares surged over 10% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/17776c07cf0d8fef60152909dc111904\" tg-width=\"826\" tg-height=\"623\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>The company reported a fourth-quarter loss of $45.8 million, or 32 cents a share, compared with a loss of $120 million, or $2.31 a share, in the year-ago period. The adjusted loss, which excludes stock-based compensation expenses and other items, was 16 cents a share, compared with 46 cents a share in the year-ago period.</p><p>Revenue rose to $77.8 million from $46.1 million in the year-ago quarter.</p><p>Analysts surveyed by FactSet had forecast a loss of 25 cents a share on revenue of $70.3 million.</p><p>GitLab forecast an adjusted loss of 28 cents to 27 cents a share on revenue of $77 million to $78 million for the first quarter, and an adjusted loss of $1.02 to 97 cents a share on revenue of $385.5 million to $390.5 million for the year.</p><p>Analysts had estimated a loss of 30 cents a share on revenue of $72.8 million for the first quarter, and a loss of $1.04 a share on revenue of $336.6 million for the year.</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>Gitlab Shares Surged over 10% in Premarket Trading</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\">\nGitlab Shares Surged over 10% in Premarket Trading\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\">2022-03-15 16:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Gitlab shares surged over 10% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/17776c07cf0d8fef60152909dc111904\" tg-width=\"826\" tg-height=\"623\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>The company reported a fourth-quarter loss of $45.8 million, or 32 cents a share, compared with a loss of $120 million, or $2.31 a share, in the year-ago period. The adjusted loss, which excludes stock-based compensation expenses and other items, was 16 cents a share, compared with 46 cents a share in the year-ago period.</p><p>Revenue rose to $77.8 million from $46.1 million in the year-ago quarter.</p><p>Analysts surveyed by FactSet had forecast a loss of 25 cents a share on revenue of $70.3 million.</p><p>GitLab forecast an adjusted loss of 28 cents to 27 cents a share on revenue of $77 million to $78 million for the first quarter, and an adjusted loss of $1.02 to 97 cents a share on revenue of $385.5 million to $390.5 million for the year.</p><p>Analysts had estimated a loss of 30 cents a share on revenue of $72.8 million for the first quarter, and a loss of $1.04 a share on revenue of $336.6 million for the year.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GTLB":"GitLab, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192506500","content_text":"Gitlab shares surged over 10% in premarket trading.The company reported a fourth-quarter loss of $45.8 million, or 32 cents a share, compared with a loss of $120 million, or $2.31 a share, in the year-ago period. The adjusted loss, which excludes stock-based compensation expenses and other items, was 16 cents a share, compared with 46 cents a share in the year-ago period.Revenue rose to $77.8 million from $46.1 million in the year-ago quarter.Analysts surveyed by FactSet had forecast a loss of 25 cents a share on revenue of $70.3 million.GitLab forecast an adjusted loss of 28 cents to 27 cents a share on revenue of $77 million to $78 million for the first quarter, and an adjusted loss of $1.02 to 97 cents a share on revenue of $385.5 million to $390.5 million for the year.Analysts had estimated a loss of 30 cents a share on revenue of $72.8 million for the first quarter, and a loss of $1.04 a share on revenue of $336.6 million for the year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095165512,"gmtCreate":1644852914959,"gmtModify":1676533968360,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Temasek increased shares in SEA","listText":"Temasek increased shares in SEA","text":"Temasek increased shares in SEA","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095165512","repostId":"1198659303","repostType":2,"isVote":1,"tweetType":1,"viewCount":208,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4090019857770890","authorId":"4090019857770890","name":"chaicka","avatar":"https://static.tigerbbs.com/c0c291a2a7983f128cf68e5b01fedd73","crmLevel":6,"crmLevelSwitch":0,"idStr":"4090019857770890","authorIdStr":"4090019857770890"},"content":"On record, Temasek has made many lost investments in its history too. Temasek backed NOT EQUAL guaranteed positive returns.","text":"On record, Temasek has made many lost investments in its history too. Temasek backed NOT EQUAL guaranteed positive returns.","html":"On record, Temasek has made many lost investments in its history too. Temasek backed NOT EQUAL guaranteed positive returns."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095162411,"gmtCreate":1644852798571,"gmtModify":1676533968344,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Short Squeeze!!","listText":"Short Squeeze!!","text":"Short Squeeze!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095162411","repostId":"1198659303","repostType":2,"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001189213,"gmtCreate":1641189611062,"gmtModify":1676533580961,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Yay! I got president&nbsp;","listText":"Yay! I got president&nbsp;","text":"Yay! I got president","images":[{"img":"https://static.itradeup.com/news/c0dbec620574de8359e33c65a8098ab5","width":"1080","height":"1457"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001189213","isVote":1,"tweetType":1,"viewCount":150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":324504832,"gmtCreate":1616001742926,"gmtModify":1704789635598,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Up to the moon","listText":"Up to the moon","text":"Up to the moon","images":[{"img":"https://static.tigerbbs.com/a2a0e9bcbbacf74bd016353a1c88759c","width":"1080","height":"1922"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324504832","isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":324119163,"gmtCreate":1615973399252,"gmtModify":1704789116457,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Buy the dip!","listText":"Buy the dip!","text":"Buy the dip!","images":[{"img":"https://static.tigerbbs.com/b8c502db7a86f53adcae7e0cc3ea9cd5","width":"1080","height":"1896"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324119163","isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":325479909,"gmtCreate":1615928013901,"gmtModify":1704788525034,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/325479909","repostId":"1121564086","repostType":4,"repost":{"id":"1121564086","kind":"news","pubTimestamp":1615899026,"share":"https://ttm.financial/m/news/1121564086?lang=&edition=fundamental","pubTime":"2021-03-16 20:50","market":"us","language":"en","title":"Larry McDonald Warns \"The Big [Market] Quake Is Coming\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1121564086","media":"zerohedge","summary":"The mood is testy. Yields on Treasuries are rising, the dollar is trending stronger, and major tech ","content":"<p>The mood is testy. Yields on Treasuries are rising, the dollar is trending stronger, and major tech stocks are under pressure. Accordingly, tensions are high when the Federal Reserve decides on the future course of its monetary policy this Wednesday.</p>\n<p><i><b>«The Fed has its back against the wall,»</b></i>says Larry McDonald during a conversation via Zoom. The internationally renowned macro strategist and former senior trader at Lehman Brothers warns that the Federal Reserve has little time to mitigate the explosive situation in the bond and currency markets. Otherwise, he says, the global economy is at risk of another crisis.</p>\n<p>Since last spring, the founder of the independent investment advisor&nbsp;The Bear Traps Report&nbsp;has been&nbsp;recommending investments&nbsp;in the commodity sector, where he believes a new super cycle has begun. He&nbsp;reiterated his recommendation&nbsp;during his last conversation with The Market in late 2020. Today, his call for a big reflation trade has become the consensus on Wall Street.</p>\n<p>In this new interview with The Market/NZZ, which has been edited and condensed for clarity, Larry McDonald tells why he expects the Federal Reserve to resort to yield curve control fairly soon and what that will mean for gold and silver. He also explains why the rotation into commodities and value stocks is only just beginning and where he currently sees the best opportunities for investments.</p>\n<p><b>After the turmoil of the past few weeks, all eyes are on the Federal Reserve. What can investors expect from Wednesday's Fed meeting?</b></p>\n<blockquote>\n <b>We’re at a point where the market is moving way ahead of the Federal Reserve.</b>The Fed is on «outcome-based guidance», but the beast, that serpent in the market, wants more than that. Basically, the market is saying: «The US economy is going to grow 6 or 7% this year, and that will force you to taper in Q3 or Q4.» As investors are pricing in a tapering of the Fed’s asset purchases, financial conditions are tightening; especially in emerging markets, where spreads on credit default swaps are rising. So far, financial conditions are nowhere near extremely dangerous levels. But the problem is everybody thinks we’re in a similar situation as back in 2018.\n</blockquote>\n<p><b>What do you mean by that?</b></p>\n<blockquote>\n Once again, the Fed is playing «Tough Guy»: The market demands a policy pivot, but the Fed is trying to hold on to its path, essentially signaling to investors: «No way, relax». We had a similar set-up in 2013, 2016 and 2018. These were the three most significant monetary policy shifts where market pressures broke the Fed's desired policy path.\n <b>The problem is that back then the Fed had far more rope to play Tough Guy since the economy was stronger. In 2018 for instance</b>, the US economy was creating hundreds of thousands of jobs a month. In contrast, today’s employment-to-population ratio is 3.5 percentage points below January 2020 levels. This means 13 million Americans are outside the labor force. To get back to pre-pandemic levels, the economy has to create more than 540,000 jobs a month for two years.\n</blockquote>\n<p><b>So what does this mean for this week's Fed meeting?</b></p>\n<blockquote>\n <b>The Fed is planet earth’s central bank. Every time they tried to play Tough Guy, they’ve blown up the global economy.</b>This time, the Fed's Tough Guy window is much smaller. In 2018 or 2013 that window was nine to ten months. Now, it’s like two months because the economy is so weak. If they let financial conditions tighten further, they risk a major default cycle.\n <b>The negative multiplier effect of a stronger dollar is much higher to the world economy than the Fed anticipates</b>. They can't afford to let the dollar rip higher, because there is so much dollar denominated debt in the world, so much trade tied to the Greenback. If they blow that up, it will just blow back to the US and force the Fed into a policy shift anyway. It’s like with an oil change at the car repair shop: You can pay now or you can pay later. That’s why the Fed has to pay now.\n</blockquote>\n<p><b>Why?</b></p>\n<blockquote>\n <b>The Fed’s back is against the wall, all points to proactive action on March 17.</b>They must suppress taper fears and cut these risks off, or else they blow up the global economy for the 4th time since 2013. We’re hearing that they’re already getting incoming calls from emerging market central banks right now. If Fed Chairman Jay Powell plays Tough Guy by staying with the current path, without offering further assurances of deeper, more sustainable accommodation, the beast inside the market will keep pushing him until he breaks. We will see a repeat of Q4 2018 and Q1 2019, where the Fed was forced into an utterly embarrassing pivot. One of those is enough for Powell’s legacy, he doesn’t want two.\n</blockquote>\n<p><b>What kind of measures can be expected?</b></p>\n<blockquote>\n <b>Eventually, we will get the taper, but the overwhelming point is other weapons have to come first.</b>A Federal Reserve offering insufficient accommodation places markets in the crosshairs of a risk-off event. The first thing they will try to do is give some hard data points. For example, the US economy has to create 10 million jobs for the Fed to do anything on the balance sheet. Another way they can get out is calendar guidance, but that’s a more sophisticated weaponry. Bottom line, they should just say: «From now until the end of the year QE will continue at $120 billion a month, and we want PCE-inflation to get to between 2 and 2.5% and stay there for 24 months.» With that in place,\n <b>all they have to do is open the door two or three inches for yield curve control, and they can contain the dollar.</b>\n</blockquote>\n<p><b>The last time the Federal Reserve used yield curve control was during the time of World War II. Why would it resort to such a radical measure?</b></p>\n<blockquote>\n <b>Here’s the dirty little secret: Too many Treasury bonds are for sale.</b>There aren’t enough buyers, and that will force the Fed to step in. More than $3.6 trillion of US government paper was issued in 2020 versus $2.9 trillion in the prior year. With the new $1.9 trillion fiscal package coming from Washington, issuance in 2021 is slated to rise to $4 trillion. That’s a lot more than the Fed’s Treasury purchases through QE, so the spread between QE and debt issuance gets much wider. Washington is doing so much fiscal stimulus, I’m confident that this is going to force the Fed into yield curve control by September. If that’s the case, it will pressure the dollar lower and put commodities, value stocks, global cyclicals, materials and emerging markets into rotation overdrive.\n</blockquote>\n<p><b>How come?</b></p>\n<blockquote>\n <b>Yield curve control deployment is the tactical nuclear weaponry.</b>If the Fed throws out yield curve control just as a threat, it will suppress Treasury rates and real yields will go much more negative. Over the last couple of months, the issuance has overpowered inflation expectations. Think of it as a car race: Treasury issuances were driving up yields faster than inflation expectations rose. But if the Fed starts to acknowledge that they are going to bring out new weapons like calendar guidance and yield curve control, then they’re suppressing nominal yields. So if inflation expectations continue to rise, then real yields go big negative – and that’s when gold and silver will take off. I think silver can double from here until early next year. Gold could be up 50%.\n</blockquote>\n<p><b>How can investors best position themselves in this environment?</b></p>\n<blockquote>\n In terms of emerging markets, we’re\n <b>long Chile and Brazil.</b>In Asia, South Korea looks attractive. We also like the KWEB ETF which consists of the big Chinese tech stocks. In the commodity space, we have a position in the XME ETF which owns mainly\n <b>copper and steel names.</b>One of the best companies we own is Teck Resources. This stock is almost like a commodity mutual fund, because the company has exposure to copper, nickel and even energy. Another favorite is Mosaic because in a commodity cycle where you have weather problems around the world,\n <b>agricultural plays are a good bet.</b>\n</blockquote>\n<p><b>What about precious metals?</b></p>\n<blockquote>\n <b>When it comes to precious metals, we love silver miners</b>like Hecla Mining. When the Fed eases its policy, the silver miners will outperform the underlying metal, and they will outperform gold because there is more leverage there.\n</blockquote>\n<p><b>The gold price is down more than 15% since its all-time high in August. What’s the problem?</b></p>\n<blockquote>\n <b>Everyone thinks it’s 2013, so taper fears are sky high for gold. But the Fed cannot repeat its mistakes.</b>They must cap yields if they want to preserve the global economic recovery. Thus, the convexity with gold is very attractive. Every leg lower in real yields will act like a slingshot higher for gold. That’s why we love Newmont. The stock trades at 6x EBITDA with a 4% dividend yield which gives you some downside protection. And remember: The 2011-2016 commodity bust has made the balance sheet of these high quality gold mining companies a lot stronger.\n</blockquote>\n<p><b>President Joe Biden has just signed off on a $1.9 trillion economic program. What are the chances of a second stimulus bill, aimed at infrastructure?</b></p>\n<blockquote>\n It’s important to note that\n <b>a second fiscal deal for 2021 is not a slam dunk.</b>To pass the present $1.9 trillion stimulus bill, the Democrats used reconciliation. It’s a very special trick in US politics, because with reconciliation you don’t need 60 votes to pass a bill in the Senate. All you need is 50 votes. Yet, reconciliation has to be tied to a budget year. This means the next time the Democrats can use it is probably in the fourth quarter, late November or December, and tie it to the following year's budget. So the only way to do an infrastructure bill in the next six months is with a traditional piece of legislation.\n</blockquote>\n<p><b>Is that even possible, given how wide the rift between Republicans and Democrats has opened in recent years?</b></p>\n<blockquote>\n For that you need essentially ten Republicans. Right now, the centrists on the Hill, people like Mitt Romney on the Republican side or Joe Manchin on the Democrat side, are the most powerful people in Washington. They want to do an infrastructure program, but they want to finance it with tax revenue. They don’t believe in things like Modern Monetary Theory where the Fed is financing the deficit.\n <b>So you are going to need a tax hike. And in this regard, we’re hearing they could go after some type of flat tax on the FAANGs, the big technology companies.</b>\n</blockquote>\n<p><b>What does this mean for Apple, Google, Facebook and other tech heavyweights?</b></p>\n<blockquote>\n Keep in mind, we’re in a populist revolution:\n <b>The risk of inequality leading to social unrest is high, and that puts pressure on politicians to pass bills to tax the rich.</b>But a wealth tax is extremely complicated, it would take years. The simplest way to do something in terms of taxes is to tax larger companies. In the eighties, the top 100 companies in the US maintained about 45 to 50% of total profits. Today, the largest 20 companies command about 85 to 90%. In addition to that, close to 40% of the S&amp;P 500’s market cap is related to tech. So tech is the low hanging fruit for the populists in Congress to go after.\n</blockquote>\n<p><b>One more reason why tech stocks remain under pressure?</b></p>\n<blockquote>\n We run a bunch of models. For example, we look at Berkshire Hathaway’s share price versus the Nasdaq 100 or the Dow Jones Industrial versus the Nasdaq. March 8th was the second time in 2021 that the Nasdaq closed down 2% with the Dow closing higher.\n <b>We haven’t seen this type of data since the dotcom crash. It’s a very rare event which historically coincides with a longer-term rotation out of technology stocks. That’s a very encouraging signal for value stocks.</b>In this regard, we like the EWU ETF. It’s a wonderful basket of stocks because it’s full of financials and world class names like BP, Rio Tinto or Glencore. Officially, it’s called the United Kingdom ETF, but it’s more like a global value ETF.\n</blockquote>\n<p><b>Does this mean that the rotation towards cyclical stocks has only just begun?</b></p>\n<blockquote>\n <b>Many investors around the world are long a portfolio of stocks that was designed for the deflationary environment of the previous decade.</b>The decade ahead of us - with all what’s ahead in terms of fiscal and monetary stimulus, populism, regulation and taxes - will push investors toward more globally value related stocks. That’s where the best returns are going to be.\n</blockquote>\n<p><b>So the previously successful «buy the dip» strategy of simply buying more tech stocks after every decline no longer works?</b></p>\n<blockquote>\n <b>The potency of dip-buying is in decay mode.</b>Global value is really starting to kick tech in the teeth, and when that happens, it wakes up what's called «real money». Keep in mind: There is fast money, mostly hedge funds which are nimble and make quick moves. In contrast, real money moves slowly. Those types of investors don’t make asset allocation decisions quickly. They base their decisions on committees and all kinds of meetings. As a result, tectonic plates are shifting beneath our feet. We’ve seen tremors after tremors where value is starting to crush growth, and now the earthquake is coming. At Bear Traps, we have a Bloomberg chat with 650 institutional investors, and I can tell just by these conversations, that the real money is starting to move.\n <b>And when the real money moves, that’s when the big quake happens.</b>\n</blockquote>\n<p><b>What kind of dislocations will this cause?</b></p>\n<blockquote>\n <b>Tech will probably be down 30 to 40% sometime between now and the end of October.</b>Today, the market cap of the Nasdaq 100 is close to $12 trillion, but most large-cap tech stocks are unchanged since July last year, while commodity and value-related equities are up 20 to 50%. In the US, if you talk to a hundred high-net-worth families, every one of those families owns Apple, Google, Facebook and Amazon. But look what’s happening: Amazon’s stock is flat since the 4th of July 2020. That's $1.5 trillion of dead money. Last Friday, Amazon failed at the 200-day moving average again.\n <b>This is like Mike Tyson getting defeated by Buster Douglas, one of the greatest upsets in sports history. This psychology is moving through the market, pushing the capital migration process into value and commodity plays.</b>\n</blockquote>\n<p><b>However, investments in commodities are mostly not compliant with the trend towards ESG standards; especially when it comes to CO2 emissions.</b></p>\n<blockquote>\n <b>The best ESG trade on the board is nuclear power. The largest uranium company in the US is Cameco with a $7 market cap.</b>Think about that relative to Elon Musk’s net worth! I support the Green New Deal, but this needs time, because solar and wind are still too far away to produce the amount of energy needed around the world, especially in India and China. The only way to meet that demand is through nuclear power. Uranium is coming out of a ten-year bear market, and it’s going into a massive new bull market. All the contracts between power plants and uranium producers are going to be adjusted. That’s why we like the URA ETF which owns companies like Cameco. I see some of these companies as six baggers: 500% upside potential and 30 to 40% downside risk, because uranium is still a risky commodity.\n</blockquote>\n<p><b>In our&nbsp;last conversation, you recommended investments in the energy sector. Since then, names such as Chevron, Royal Dutch Shell or Exxon Mobil have advanced 25 to 60%. What do you advise investors to do now?</b></p>\n<blockquote>\n <b>For now, we’ve cut our energy book:</b>We’ve sold half of our shares in Chevron, and we’ve sold two thirds of our positions in Exxon Mobil and in the XLE ETF. What happens when you get into the fourth, fifth and sixth innings of a commodity cycle, tertiary sectors like metallurgical coal become more attractive. Sure, met coal, also known as coking coal, is not ESG friendly, but there is no way around it for steel production and hence the construction of skyscrapers, bridges and things like that. So coming into this infrastructure boom all around the world, coal has plenty of upside. That’s why we own names like Arch Resources and Peabody Energy. They’re low-leveraged, and really cheap, once again, on a risk/reward basis.\n</blockquote>\n<p><b>What are the biggest dangers to watch out for in the coming weeks and months?</b></p>\n<blockquote>\n <b>One spot to watch are all these forbearance deals in commercial real estate.</b>When we come out of Covid and the vaccines and the stimulus money are juicing through the economy, the market will be forcing the release of the forbearance on a lot of these loans. So if people don’t come back fast enough to the cities, these commercial real estate loans are going to get reset. This would mean some big defaults, and the banks own a lot of these loans. Also, a lot of leveraged loans are really rich. And then, there is potentially a fiscal cliff:\n <b>The sustainability of the $1.9 trillion stimulus package isn’t that great because a lot of it is just transfer payments replacing lost income for people staying at home. That’s why the US needs a second stimulus bill. If we don’t get a second bill, we are going to have a problem in about a year from now.</b>\n</blockquote>","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>Larry McDonald Warns \"The Big [Market] Quake Is Coming\"</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\">\nLarry McDonald Warns \"The Big [Market] Quake Is Coming\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 20:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/larry-mcdonald-warns-big-market-quake-coming><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The mood is testy. Yields on Treasuries are rising, the dollar is trending stronger, and major tech stocks are under pressure. Accordingly, tensions are high when the Federal Reserve decides on the ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/larry-mcdonald-warns-big-market-quake-coming\">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","SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/larry-mcdonald-warns-big-market-quake-coming","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121564086","content_text":"The mood is testy. Yields on Treasuries are rising, the dollar is trending stronger, and major tech stocks are under pressure. Accordingly, tensions are high when the Federal Reserve decides on the future course of its monetary policy this Wednesday.\n«The Fed has its back against the wall,»says Larry McDonald during a conversation via Zoom. The internationally renowned macro strategist and former senior trader at Lehman Brothers warns that the Federal Reserve has little time to mitigate the explosive situation in the bond and currency markets. Otherwise, he says, the global economy is at risk of another crisis.\nSince last spring, the founder of the independent investment advisor The Bear Traps Report has been recommending investments in the commodity sector, where he believes a new super cycle has begun. He reiterated his recommendation during his last conversation with The Market in late 2020. Today, his call for a big reflation trade has become the consensus on Wall Street.\nIn this new interview with The Market/NZZ, which has been edited and condensed for clarity, Larry McDonald tells why he expects the Federal Reserve to resort to yield curve control fairly soon and what that will mean for gold and silver. He also explains why the rotation into commodities and value stocks is only just beginning and where he currently sees the best opportunities for investments.\nAfter the turmoil of the past few weeks, all eyes are on the Federal Reserve. What can investors expect from Wednesday's Fed meeting?\n\nWe’re at a point where the market is moving way ahead of the Federal Reserve.The Fed is on «outcome-based guidance», but the beast, that serpent in the market, wants more than that. Basically, the market is saying: «The US economy is going to grow 6 or 7% this year, and that will force you to taper in Q3 or Q4.» As investors are pricing in a tapering of the Fed’s asset purchases, financial conditions are tightening; especially in emerging markets, where spreads on credit default swaps are rising. So far, financial conditions are nowhere near extremely dangerous levels. But the problem is everybody thinks we’re in a similar situation as back in 2018.\n\nWhat do you mean by that?\n\n Once again, the Fed is playing «Tough Guy»: The market demands a policy pivot, but the Fed is trying to hold on to its path, essentially signaling to investors: «No way, relax». We had a similar set-up in 2013, 2016 and 2018. These were the three most significant monetary policy shifts where market pressures broke the Fed's desired policy path.\n The problem is that back then the Fed had far more rope to play Tough Guy since the economy was stronger. In 2018 for instance, the US economy was creating hundreds of thousands of jobs a month. In contrast, today’s employment-to-population ratio is 3.5 percentage points below January 2020 levels. This means 13 million Americans are outside the labor force. To get back to pre-pandemic levels, the economy has to create more than 540,000 jobs a month for two years.\n\nSo what does this mean for this week's Fed meeting?\n\nThe Fed is planet earth’s central bank. Every time they tried to play Tough Guy, they’ve blown up the global economy.This time, the Fed's Tough Guy window is much smaller. In 2018 or 2013 that window was nine to ten months. Now, it’s like two months because the economy is so weak. If they let financial conditions tighten further, they risk a major default cycle.\n The negative multiplier effect of a stronger dollar is much higher to the world economy than the Fed anticipates. They can't afford to let the dollar rip higher, because there is so much dollar denominated debt in the world, so much trade tied to the Greenback. If they blow that up, it will just blow back to the US and force the Fed into a policy shift anyway. It’s like with an oil change at the car repair shop: You can pay now or you can pay later. That’s why the Fed has to pay now.\n\nWhy?\n\nThe Fed’s back is against the wall, all points to proactive action on March 17.They must suppress taper fears and cut these risks off, or else they blow up the global economy for the 4th time since 2013. We’re hearing that they’re already getting incoming calls from emerging market central banks right now. If Fed Chairman Jay Powell plays Tough Guy by staying with the current path, without offering further assurances of deeper, more sustainable accommodation, the beast inside the market will keep pushing him until he breaks. We will see a repeat of Q4 2018 and Q1 2019, where the Fed was forced into an utterly embarrassing pivot. One of those is enough for Powell’s legacy, he doesn’t want two.\n\nWhat kind of measures can be expected?\n\nEventually, we will get the taper, but the overwhelming point is other weapons have to come first.A Federal Reserve offering insufficient accommodation places markets in the crosshairs of a risk-off event. The first thing they will try to do is give some hard data points. For example, the US economy has to create 10 million jobs for the Fed to do anything on the balance sheet. Another way they can get out is calendar guidance, but that’s a more sophisticated weaponry. Bottom line, they should just say: «From now until the end of the year QE will continue at $120 billion a month, and we want PCE-inflation to get to between 2 and 2.5% and stay there for 24 months.» With that in place,\n all they have to do is open the door two or three inches for yield curve control, and they can contain the dollar.\n\nThe last time the Federal Reserve used yield curve control was during the time of World War II. Why would it resort to such a radical measure?\n\nHere’s the dirty little secret: Too many Treasury bonds are for sale.There aren’t enough buyers, and that will force the Fed to step in. More than $3.6 trillion of US government paper was issued in 2020 versus $2.9 trillion in the prior year. With the new $1.9 trillion fiscal package coming from Washington, issuance in 2021 is slated to rise to $4 trillion. That’s a lot more than the Fed’s Treasury purchases through QE, so the spread between QE and debt issuance gets much wider. Washington is doing so much fiscal stimulus, I’m confident that this is going to force the Fed into yield curve control by September. If that’s the case, it will pressure the dollar lower and put commodities, value stocks, global cyclicals, materials and emerging markets into rotation overdrive.\n\nHow come?\n\nYield curve control deployment is the tactical nuclear weaponry.If the Fed throws out yield curve control just as a threat, it will suppress Treasury rates and real yields will go much more negative. Over the last couple of months, the issuance has overpowered inflation expectations. Think of it as a car race: Treasury issuances were driving up yields faster than inflation expectations rose. But if the Fed starts to acknowledge that they are going to bring out new weapons like calendar guidance and yield curve control, then they’re suppressing nominal yields. So if inflation expectations continue to rise, then real yields go big negative – and that’s when gold and silver will take off. I think silver can double from here until early next year. Gold could be up 50%.\n\nHow can investors best position themselves in this environment?\n\n In terms of emerging markets, we’re\n long Chile and Brazil.In Asia, South Korea looks attractive. We also like the KWEB ETF which consists of the big Chinese tech stocks. In the commodity space, we have a position in the XME ETF which owns mainly\n copper and steel names.One of the best companies we own is Teck Resources. This stock is almost like a commodity mutual fund, because the company has exposure to copper, nickel and even energy. Another favorite is Mosaic because in a commodity cycle where you have weather problems around the world,\n agricultural plays are a good bet.\n\nWhat about precious metals?\n\nWhen it comes to precious metals, we love silver minerslike Hecla Mining. When the Fed eases its policy, the silver miners will outperform the underlying metal, and they will outperform gold because there is more leverage there.\n\nThe gold price is down more than 15% since its all-time high in August. What’s the problem?\n\nEveryone thinks it’s 2013, so taper fears are sky high for gold. But the Fed cannot repeat its mistakes.They must cap yields if they want to preserve the global economic recovery. Thus, the convexity with gold is very attractive. Every leg lower in real yields will act like a slingshot higher for gold. That’s why we love Newmont. The stock trades at 6x EBITDA with a 4% dividend yield which gives you some downside protection. And remember: The 2011-2016 commodity bust has made the balance sheet of these high quality gold mining companies a lot stronger.\n\nPresident Joe Biden has just signed off on a $1.9 trillion economic program. What are the chances of a second stimulus bill, aimed at infrastructure?\n\n It’s important to note that\n a second fiscal deal for 2021 is not a slam dunk.To pass the present $1.9 trillion stimulus bill, the Democrats used reconciliation. It’s a very special trick in US politics, because with reconciliation you don’t need 60 votes to pass a bill in the Senate. All you need is 50 votes. Yet, reconciliation has to be tied to a budget year. This means the next time the Democrats can use it is probably in the fourth quarter, late November or December, and tie it to the following year's budget. So the only way to do an infrastructure bill in the next six months is with a traditional piece of legislation.\n\nIs that even possible, given how wide the rift between Republicans and Democrats has opened in recent years?\n\n For that you need essentially ten Republicans. Right now, the centrists on the Hill, people like Mitt Romney on the Republican side or Joe Manchin on the Democrat side, are the most powerful people in Washington. They want to do an infrastructure program, but they want to finance it with tax revenue. They don’t believe in things like Modern Monetary Theory where the Fed is financing the deficit.\n So you are going to need a tax hike. And in this regard, we’re hearing they could go after some type of flat tax on the FAANGs, the big technology companies.\n\nWhat does this mean for Apple, Google, Facebook and other tech heavyweights?\n\n Keep in mind, we’re in a populist revolution:\n The risk of inequality leading to social unrest is high, and that puts pressure on politicians to pass bills to tax the rich.But a wealth tax is extremely complicated, it would take years. The simplest way to do something in terms of taxes is to tax larger companies. In the eighties, the top 100 companies in the US maintained about 45 to 50% of total profits. Today, the largest 20 companies command about 85 to 90%. In addition to that, close to 40% of the S&P 500’s market cap is related to tech. So tech is the low hanging fruit for the populists in Congress to go after.\n\nOne more reason why tech stocks remain under pressure?\n\n We run a bunch of models. For example, we look at Berkshire Hathaway’s share price versus the Nasdaq 100 or the Dow Jones Industrial versus the Nasdaq. March 8th was the second time in 2021 that the Nasdaq closed down 2% with the Dow closing higher.\n We haven’t seen this type of data since the dotcom crash. It’s a very rare event which historically coincides with a longer-term rotation out of technology stocks. That’s a very encouraging signal for value stocks.In this regard, we like the EWU ETF. It’s a wonderful basket of stocks because it’s full of financials and world class names like BP, Rio Tinto or Glencore. Officially, it’s called the United Kingdom ETF, but it’s more like a global value ETF.\n\nDoes this mean that the rotation towards cyclical stocks has only just begun?\n\nMany investors around the world are long a portfolio of stocks that was designed for the deflationary environment of the previous decade.The decade ahead of us - with all what’s ahead in terms of fiscal and monetary stimulus, populism, regulation and taxes - will push investors toward more globally value related stocks. That’s where the best returns are going to be.\n\nSo the previously successful «buy the dip» strategy of simply buying more tech stocks after every decline no longer works?\n\nThe potency of dip-buying is in decay mode.Global value is really starting to kick tech in the teeth, and when that happens, it wakes up what's called «real money». Keep in mind: There is fast money, mostly hedge funds which are nimble and make quick moves. In contrast, real money moves slowly. Those types of investors don’t make asset allocation decisions quickly. They base their decisions on committees and all kinds of meetings. As a result, tectonic plates are shifting beneath our feet. We’ve seen tremors after tremors where value is starting to crush growth, and now the earthquake is coming. At Bear Traps, we have a Bloomberg chat with 650 institutional investors, and I can tell just by these conversations, that the real money is starting to move.\n And when the real money moves, that’s when the big quake happens.\n\nWhat kind of dislocations will this cause?\n\nTech will probably be down 30 to 40% sometime between now and the end of October.Today, the market cap of the Nasdaq 100 is close to $12 trillion, but most large-cap tech stocks are unchanged since July last year, while commodity and value-related equities are up 20 to 50%. In the US, if you talk to a hundred high-net-worth families, every one of those families owns Apple, Google, Facebook and Amazon. But look what’s happening: Amazon’s stock is flat since the 4th of July 2020. That's $1.5 trillion of dead money. Last Friday, Amazon failed at the 200-day moving average again.\n This is like Mike Tyson getting defeated by Buster Douglas, one of the greatest upsets in sports history. This psychology is moving through the market, pushing the capital migration process into value and commodity plays.\n\nHowever, investments in commodities are mostly not compliant with the trend towards ESG standards; especially when it comes to CO2 emissions.\n\nThe best ESG trade on the board is nuclear power. The largest uranium company in the US is Cameco with a $7 market cap.Think about that relative to Elon Musk’s net worth! I support the Green New Deal, but this needs time, because solar and wind are still too far away to produce the amount of energy needed around the world, especially in India and China. The only way to meet that demand is through nuclear power. Uranium is coming out of a ten-year bear market, and it’s going into a massive new bull market. All the contracts between power plants and uranium producers are going to be adjusted. That’s why we like the URA ETF which owns companies like Cameco. I see some of these companies as six baggers: 500% upside potential and 30 to 40% downside risk, because uranium is still a risky commodity.\n\nIn our last conversation, you recommended investments in the energy sector. Since then, names such as Chevron, Royal Dutch Shell or Exxon Mobil have advanced 25 to 60%. What do you advise investors to do now?\n\nFor now, we’ve cut our energy book:We’ve sold half of our shares in Chevron, and we’ve sold two thirds of our positions in Exxon Mobil and in the XLE ETF. What happens when you get into the fourth, fifth and sixth innings of a commodity cycle, tertiary sectors like metallurgical coal become more attractive. Sure, met coal, also known as coking coal, is not ESG friendly, but there is no way around it for steel production and hence the construction of skyscrapers, bridges and things like that. So coming into this infrastructure boom all around the world, coal has plenty of upside. That’s why we own names like Arch Resources and Peabody Energy. They’re low-leveraged, and really cheap, once again, on a risk/reward basis.\n\nWhat are the biggest dangers to watch out for in the coming weeks and months?\n\nOne spot to watch are all these forbearance deals in commercial real estate.When we come out of Covid and the vaccines and the stimulus money are juicing through the economy, the market will be forcing the release of the forbearance on a lot of these loans. So if people don’t come back fast enough to the cities, these commercial real estate loans are going to get reset. This would mean some big defaults, and the banks own a lot of these loans. Also, a lot of leveraged loans are really rich. And then, there is potentially a fiscal cliff:\n The sustainability of the $1.9 trillion stimulus package isn’t that great because a lot of it is just transfer payments replacing lost income for people staying at home. That’s why the US needs a second stimulus bill. If we don’t get a second bill, we are going to have a problem in about a year from now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9095165512,"gmtCreate":1644852914959,"gmtModify":1676533968360,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Temasek increased shares in SEA","listText":"Temasek increased shares in SEA","text":"Temasek increased shares in SEA","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095165512","repostId":"1198659303","repostType":2,"repost":{"id":"1198659303","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1644849356,"share":"https://ttm.financial/m/news/1198659303?lang=&edition=fundamental","pubTime":"2022-02-14 22:35","market":"us","language":"en","title":"Sea Shares Fell 13% in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1198659303","media":"Tiger Newspress","summary":"Sea shares fell 13% in morning trading.The government of India banned its Garena Free Fire game for ","content":"<html><head></head><body><p>Sea shares fell 13% in morning trading.</p><p><img src=\"https://static.tigerbbs.com/eb4fcfb6538e7f372c7801454eb08ef9\" tg-width=\"711\" tg-height=\"598\" referrerpolicy=\"no-referrer\"/>The government of India banned its Garena Free Fire game for download owing to security concerns of the game&#39;s code. Free Fire accounts for some 10% of Sea&#39;s gaming revenue according to some estimates, but gaming in general - and the optimistic assumptions built into its further growth - have been a key part of Sea&#39;s valuation.</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>Sea Shares Fell 13% in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Shares Fell 13% in Morning Trading\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\">2022-02-14 22:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Sea shares fell 13% in morning trading.</p><p><img src=\"https://static.tigerbbs.com/eb4fcfb6538e7f372c7801454eb08ef9\" tg-width=\"711\" tg-height=\"598\" referrerpolicy=\"no-referrer\"/>The government of India banned its Garena Free Fire game for download owing to security concerns of the game&#39;s code. Free Fire accounts for some 10% of Sea&#39;s gaming revenue according to some estimates, but gaming in general - and the optimistic assumptions built into its further growth - have been a key part of Sea&#39;s valuation.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198659303","content_text":"Sea shares fell 13% in morning trading.The government of India banned its Garena Free Fire game for download owing to security concerns of the game's code. Free Fire accounts for some 10% of Sea's gaming revenue according to some estimates, but gaming in general - and the optimistic assumptions built into its further growth - have been a key part of Sea's valuation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":208,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4090019857770890","authorId":"4090019857770890","name":"chaicka","avatar":"https://static.tigerbbs.com/c0c291a2a7983f128cf68e5b01fedd73","crmLevel":6,"crmLevelSwitch":0,"idStr":"4090019857770890","authorIdStr":"4090019857770890"},"content":"On record, Temasek has made many lost investments in its history too. Temasek backed NOT EQUAL guaranteed positive returns.","text":"On record, Temasek has made many lost investments in its history too. Temasek backed NOT EQUAL guaranteed positive returns.","html":"On record, Temasek has made many lost investments in its history too. Temasek backed NOT EQUAL guaranteed positive returns."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325479909,"gmtCreate":1615928013901,"gmtModify":1704788525034,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/325479909","repostId":"1121564086","repostType":4,"repost":{"id":"1121564086","kind":"news","pubTimestamp":1615899026,"share":"https://ttm.financial/m/news/1121564086?lang=&edition=fundamental","pubTime":"2021-03-16 20:50","market":"us","language":"en","title":"Larry McDonald Warns \"The Big [Market] Quake Is Coming\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1121564086","media":"zerohedge","summary":"The mood is testy. Yields on Treasuries are rising, the dollar is trending stronger, and major tech ","content":"<p>The mood is testy. Yields on Treasuries are rising, the dollar is trending stronger, and major tech stocks are under pressure. Accordingly, tensions are high when the Federal Reserve decides on the future course of its monetary policy this Wednesday.</p>\n<p><i><b>«The Fed has its back against the wall,»</b></i>says Larry McDonald during a conversation via Zoom. The internationally renowned macro strategist and former senior trader at Lehman Brothers warns that the Federal Reserve has little time to mitigate the explosive situation in the bond and currency markets. Otherwise, he says, the global economy is at risk of another crisis.</p>\n<p>Since last spring, the founder of the independent investment advisor&nbsp;The Bear Traps Report&nbsp;has been&nbsp;recommending investments&nbsp;in the commodity sector, where he believes a new super cycle has begun. He&nbsp;reiterated his recommendation&nbsp;during his last conversation with The Market in late 2020. Today, his call for a big reflation trade has become the consensus on Wall Street.</p>\n<p>In this new interview with The Market/NZZ, which has been edited and condensed for clarity, Larry McDonald tells why he expects the Federal Reserve to resort to yield curve control fairly soon and what that will mean for gold and silver. He also explains why the rotation into commodities and value stocks is only just beginning and where he currently sees the best opportunities for investments.</p>\n<p><b>After the turmoil of the past few weeks, all eyes are on the Federal Reserve. What can investors expect from Wednesday's Fed meeting?</b></p>\n<blockquote>\n <b>We’re at a point where the market is moving way ahead of the Federal Reserve.</b>The Fed is on «outcome-based guidance», but the beast, that serpent in the market, wants more than that. Basically, the market is saying: «The US economy is going to grow 6 or 7% this year, and that will force you to taper in Q3 or Q4.» As investors are pricing in a tapering of the Fed’s asset purchases, financial conditions are tightening; especially in emerging markets, where spreads on credit default swaps are rising. So far, financial conditions are nowhere near extremely dangerous levels. But the problem is everybody thinks we’re in a similar situation as back in 2018.\n</blockquote>\n<p><b>What do you mean by that?</b></p>\n<blockquote>\n Once again, the Fed is playing «Tough Guy»: The market demands a policy pivot, but the Fed is trying to hold on to its path, essentially signaling to investors: «No way, relax». We had a similar set-up in 2013, 2016 and 2018. These were the three most significant monetary policy shifts where market pressures broke the Fed's desired policy path.\n <b>The problem is that back then the Fed had far more rope to play Tough Guy since the economy was stronger. In 2018 for instance</b>, the US economy was creating hundreds of thousands of jobs a month. In contrast, today’s employment-to-population ratio is 3.5 percentage points below January 2020 levels. This means 13 million Americans are outside the labor force. To get back to pre-pandemic levels, the economy has to create more than 540,000 jobs a month for two years.\n</blockquote>\n<p><b>So what does this mean for this week's Fed meeting?</b></p>\n<blockquote>\n <b>The Fed is planet earth’s central bank. Every time they tried to play Tough Guy, they’ve blown up the global economy.</b>This time, the Fed's Tough Guy window is much smaller. In 2018 or 2013 that window was nine to ten months. Now, it’s like two months because the economy is so weak. If they let financial conditions tighten further, they risk a major default cycle.\n <b>The negative multiplier effect of a stronger dollar is much higher to the world economy than the Fed anticipates</b>. They can't afford to let the dollar rip higher, because there is so much dollar denominated debt in the world, so much trade tied to the Greenback. If they blow that up, it will just blow back to the US and force the Fed into a policy shift anyway. It’s like with an oil change at the car repair shop: You can pay now or you can pay later. That’s why the Fed has to pay now.\n</blockquote>\n<p><b>Why?</b></p>\n<blockquote>\n <b>The Fed’s back is against the wall, all points to proactive action on March 17.</b>They must suppress taper fears and cut these risks off, or else they blow up the global economy for the 4th time since 2013. We’re hearing that they’re already getting incoming calls from emerging market central banks right now. If Fed Chairman Jay Powell plays Tough Guy by staying with the current path, without offering further assurances of deeper, more sustainable accommodation, the beast inside the market will keep pushing him until he breaks. We will see a repeat of Q4 2018 and Q1 2019, where the Fed was forced into an utterly embarrassing pivot. One of those is enough for Powell’s legacy, he doesn’t want two.\n</blockquote>\n<p><b>What kind of measures can be expected?</b></p>\n<blockquote>\n <b>Eventually, we will get the taper, but the overwhelming point is other weapons have to come first.</b>A Federal Reserve offering insufficient accommodation places markets in the crosshairs of a risk-off event. The first thing they will try to do is give some hard data points. For example, the US economy has to create 10 million jobs for the Fed to do anything on the balance sheet. Another way they can get out is calendar guidance, but that’s a more sophisticated weaponry. Bottom line, they should just say: «From now until the end of the year QE will continue at $120 billion a month, and we want PCE-inflation to get to between 2 and 2.5% and stay there for 24 months.» With that in place,\n <b>all they have to do is open the door two or three inches for yield curve control, and they can contain the dollar.</b>\n</blockquote>\n<p><b>The last time the Federal Reserve used yield curve control was during the time of World War II. Why would it resort to such a radical measure?</b></p>\n<blockquote>\n <b>Here’s the dirty little secret: Too many Treasury bonds are for sale.</b>There aren’t enough buyers, and that will force the Fed to step in. More than $3.6 trillion of US government paper was issued in 2020 versus $2.9 trillion in the prior year. With the new $1.9 trillion fiscal package coming from Washington, issuance in 2021 is slated to rise to $4 trillion. That’s a lot more than the Fed’s Treasury purchases through QE, so the spread between QE and debt issuance gets much wider. Washington is doing so much fiscal stimulus, I’m confident that this is going to force the Fed into yield curve control by September. If that’s the case, it will pressure the dollar lower and put commodities, value stocks, global cyclicals, materials and emerging markets into rotation overdrive.\n</blockquote>\n<p><b>How come?</b></p>\n<blockquote>\n <b>Yield curve control deployment is the tactical nuclear weaponry.</b>If the Fed throws out yield curve control just as a threat, it will suppress Treasury rates and real yields will go much more negative. Over the last couple of months, the issuance has overpowered inflation expectations. Think of it as a car race: Treasury issuances were driving up yields faster than inflation expectations rose. But if the Fed starts to acknowledge that they are going to bring out new weapons like calendar guidance and yield curve control, then they’re suppressing nominal yields. So if inflation expectations continue to rise, then real yields go big negative – and that’s when gold and silver will take off. I think silver can double from here until early next year. Gold could be up 50%.\n</blockquote>\n<p><b>How can investors best position themselves in this environment?</b></p>\n<blockquote>\n In terms of emerging markets, we’re\n <b>long Chile and Brazil.</b>In Asia, South Korea looks attractive. We also like the KWEB ETF which consists of the big Chinese tech stocks. In the commodity space, we have a position in the XME ETF which owns mainly\n <b>copper and steel names.</b>One of the best companies we own is Teck Resources. This stock is almost like a commodity mutual fund, because the company has exposure to copper, nickel and even energy. Another favorite is Mosaic because in a commodity cycle where you have weather problems around the world,\n <b>agricultural plays are a good bet.</b>\n</blockquote>\n<p><b>What about precious metals?</b></p>\n<blockquote>\n <b>When it comes to precious metals, we love silver miners</b>like Hecla Mining. When the Fed eases its policy, the silver miners will outperform the underlying metal, and they will outperform gold because there is more leverage there.\n</blockquote>\n<p><b>The gold price is down more than 15% since its all-time high in August. What’s the problem?</b></p>\n<blockquote>\n <b>Everyone thinks it’s 2013, so taper fears are sky high for gold. But the Fed cannot repeat its mistakes.</b>They must cap yields if they want to preserve the global economic recovery. Thus, the convexity with gold is very attractive. Every leg lower in real yields will act like a slingshot higher for gold. That’s why we love Newmont. The stock trades at 6x EBITDA with a 4% dividend yield which gives you some downside protection. And remember: The 2011-2016 commodity bust has made the balance sheet of these high quality gold mining companies a lot stronger.\n</blockquote>\n<p><b>President Joe Biden has just signed off on a $1.9 trillion economic program. What are the chances of a second stimulus bill, aimed at infrastructure?</b></p>\n<blockquote>\n It’s important to note that\n <b>a second fiscal deal for 2021 is not a slam dunk.</b>To pass the present $1.9 trillion stimulus bill, the Democrats used reconciliation. It’s a very special trick in US politics, because with reconciliation you don’t need 60 votes to pass a bill in the Senate. All you need is 50 votes. Yet, reconciliation has to be tied to a budget year. This means the next time the Democrats can use it is probably in the fourth quarter, late November or December, and tie it to the following year's budget. So the only way to do an infrastructure bill in the next six months is with a traditional piece of legislation.\n</blockquote>\n<p><b>Is that even possible, given how wide the rift between Republicans and Democrats has opened in recent years?</b></p>\n<blockquote>\n For that you need essentially ten Republicans. Right now, the centrists on the Hill, people like Mitt Romney on the Republican side or Joe Manchin on the Democrat side, are the most powerful people in Washington. They want to do an infrastructure program, but they want to finance it with tax revenue. They don’t believe in things like Modern Monetary Theory where the Fed is financing the deficit.\n <b>So you are going to need a tax hike. And in this regard, we’re hearing they could go after some type of flat tax on the FAANGs, the big technology companies.</b>\n</blockquote>\n<p><b>What does this mean for Apple, Google, Facebook and other tech heavyweights?</b></p>\n<blockquote>\n Keep in mind, we’re in a populist revolution:\n <b>The risk of inequality leading to social unrest is high, and that puts pressure on politicians to pass bills to tax the rich.</b>But a wealth tax is extremely complicated, it would take years. The simplest way to do something in terms of taxes is to tax larger companies. In the eighties, the top 100 companies in the US maintained about 45 to 50% of total profits. Today, the largest 20 companies command about 85 to 90%. In addition to that, close to 40% of the S&amp;P 500’s market cap is related to tech. So tech is the low hanging fruit for the populists in Congress to go after.\n</blockquote>\n<p><b>One more reason why tech stocks remain under pressure?</b></p>\n<blockquote>\n We run a bunch of models. For example, we look at Berkshire Hathaway’s share price versus the Nasdaq 100 or the Dow Jones Industrial versus the Nasdaq. March 8th was the second time in 2021 that the Nasdaq closed down 2% with the Dow closing higher.\n <b>We haven’t seen this type of data since the dotcom crash. It’s a very rare event which historically coincides with a longer-term rotation out of technology stocks. That’s a very encouraging signal for value stocks.</b>In this regard, we like the EWU ETF. It’s a wonderful basket of stocks because it’s full of financials and world class names like BP, Rio Tinto or Glencore. Officially, it’s called the United Kingdom ETF, but it’s more like a global value ETF.\n</blockquote>\n<p><b>Does this mean that the rotation towards cyclical stocks has only just begun?</b></p>\n<blockquote>\n <b>Many investors around the world are long a portfolio of stocks that was designed for the deflationary environment of the previous decade.</b>The decade ahead of us - with all what’s ahead in terms of fiscal and monetary stimulus, populism, regulation and taxes - will push investors toward more globally value related stocks. That’s where the best returns are going to be.\n</blockquote>\n<p><b>So the previously successful «buy the dip» strategy of simply buying more tech stocks after every decline no longer works?</b></p>\n<blockquote>\n <b>The potency of dip-buying is in decay mode.</b>Global value is really starting to kick tech in the teeth, and when that happens, it wakes up what's called «real money». Keep in mind: There is fast money, mostly hedge funds which are nimble and make quick moves. In contrast, real money moves slowly. Those types of investors don’t make asset allocation decisions quickly. They base their decisions on committees and all kinds of meetings. As a result, tectonic plates are shifting beneath our feet. We’ve seen tremors after tremors where value is starting to crush growth, and now the earthquake is coming. At Bear Traps, we have a Bloomberg chat with 650 institutional investors, and I can tell just by these conversations, that the real money is starting to move.\n <b>And when the real money moves, that’s when the big quake happens.</b>\n</blockquote>\n<p><b>What kind of dislocations will this cause?</b></p>\n<blockquote>\n <b>Tech will probably be down 30 to 40% sometime between now and the end of October.</b>Today, the market cap of the Nasdaq 100 is close to $12 trillion, but most large-cap tech stocks are unchanged since July last year, while commodity and value-related equities are up 20 to 50%. In the US, if you talk to a hundred high-net-worth families, every one of those families owns Apple, Google, Facebook and Amazon. But look what’s happening: Amazon’s stock is flat since the 4th of July 2020. That's $1.5 trillion of dead money. Last Friday, Amazon failed at the 200-day moving average again.\n <b>This is like Mike Tyson getting defeated by Buster Douglas, one of the greatest upsets in sports history. This psychology is moving through the market, pushing the capital migration process into value and commodity plays.</b>\n</blockquote>\n<p><b>However, investments in commodities are mostly not compliant with the trend towards ESG standards; especially when it comes to CO2 emissions.</b></p>\n<blockquote>\n <b>The best ESG trade on the board is nuclear power. The largest uranium company in the US is Cameco with a $7 market cap.</b>Think about that relative to Elon Musk’s net worth! I support the Green New Deal, but this needs time, because solar and wind are still too far away to produce the amount of energy needed around the world, especially in India and China. The only way to meet that demand is through nuclear power. Uranium is coming out of a ten-year bear market, and it’s going into a massive new bull market. All the contracts between power plants and uranium producers are going to be adjusted. That’s why we like the URA ETF which owns companies like Cameco. I see some of these companies as six baggers: 500% upside potential and 30 to 40% downside risk, because uranium is still a risky commodity.\n</blockquote>\n<p><b>In our&nbsp;last conversation, you recommended investments in the energy sector. Since then, names such as Chevron, Royal Dutch Shell or Exxon Mobil have advanced 25 to 60%. What do you advise investors to do now?</b></p>\n<blockquote>\n <b>For now, we’ve cut our energy book:</b>We’ve sold half of our shares in Chevron, and we’ve sold two thirds of our positions in Exxon Mobil and in the XLE ETF. What happens when you get into the fourth, fifth and sixth innings of a commodity cycle, tertiary sectors like metallurgical coal become more attractive. Sure, met coal, also known as coking coal, is not ESG friendly, but there is no way around it for steel production and hence the construction of skyscrapers, bridges and things like that. So coming into this infrastructure boom all around the world, coal has plenty of upside. That’s why we own names like Arch Resources and Peabody Energy. They’re low-leveraged, and really cheap, once again, on a risk/reward basis.\n</blockquote>\n<p><b>What are the biggest dangers to watch out for in the coming weeks and months?</b></p>\n<blockquote>\n <b>One spot to watch are all these forbearance deals in commercial real estate.</b>When we come out of Covid and the vaccines and the stimulus money are juicing through the economy, the market will be forcing the release of the forbearance on a lot of these loans. So if people don’t come back fast enough to the cities, these commercial real estate loans are going to get reset. This would mean some big defaults, and the banks own a lot of these loans. Also, a lot of leveraged loans are really rich. And then, there is potentially a fiscal cliff:\n <b>The sustainability of the $1.9 trillion stimulus package isn’t that great because a lot of it is just transfer payments replacing lost income for people staying at home. That’s why the US needs a second stimulus bill. If we don’t get a second bill, we are going to have a problem in about a year from now.</b>\n</blockquote>","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>Larry McDonald Warns \"The Big [Market] Quake Is Coming\"</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\">\nLarry McDonald Warns \"The Big [Market] Quake Is Coming\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 20:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/larry-mcdonald-warns-big-market-quake-coming><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The mood is testy. Yields on Treasuries are rising, the dollar is trending stronger, and major tech stocks are under pressure. Accordingly, tensions are high when the Federal Reserve decides on the ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/larry-mcdonald-warns-big-market-quake-coming\">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","SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/larry-mcdonald-warns-big-market-quake-coming","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121564086","content_text":"The mood is testy. Yields on Treasuries are rising, the dollar is trending stronger, and major tech stocks are under pressure. Accordingly, tensions are high when the Federal Reserve decides on the future course of its monetary policy this Wednesday.\n«The Fed has its back against the wall,»says Larry McDonald during a conversation via Zoom. The internationally renowned macro strategist and former senior trader at Lehman Brothers warns that the Federal Reserve has little time to mitigate the explosive situation in the bond and currency markets. Otherwise, he says, the global economy is at risk of another crisis.\nSince last spring, the founder of the independent investment advisor The Bear Traps Report has been recommending investments in the commodity sector, where he believes a new super cycle has begun. He reiterated his recommendation during his last conversation with The Market in late 2020. Today, his call for a big reflation trade has become the consensus on Wall Street.\nIn this new interview with The Market/NZZ, which has been edited and condensed for clarity, Larry McDonald tells why he expects the Federal Reserve to resort to yield curve control fairly soon and what that will mean for gold and silver. He also explains why the rotation into commodities and value stocks is only just beginning and where he currently sees the best opportunities for investments.\nAfter the turmoil of the past few weeks, all eyes are on the Federal Reserve. What can investors expect from Wednesday's Fed meeting?\n\nWe’re at a point where the market is moving way ahead of the Federal Reserve.The Fed is on «outcome-based guidance», but the beast, that serpent in the market, wants more than that. Basically, the market is saying: «The US economy is going to grow 6 or 7% this year, and that will force you to taper in Q3 or Q4.» As investors are pricing in a tapering of the Fed’s asset purchases, financial conditions are tightening; especially in emerging markets, where spreads on credit default swaps are rising. So far, financial conditions are nowhere near extremely dangerous levels. But the problem is everybody thinks we’re in a similar situation as back in 2018.\n\nWhat do you mean by that?\n\n Once again, the Fed is playing «Tough Guy»: The market demands a policy pivot, but the Fed is trying to hold on to its path, essentially signaling to investors: «No way, relax». We had a similar set-up in 2013, 2016 and 2018. These were the three most significant monetary policy shifts where market pressures broke the Fed's desired policy path.\n The problem is that back then the Fed had far more rope to play Tough Guy since the economy was stronger. In 2018 for instance, the US economy was creating hundreds of thousands of jobs a month. In contrast, today’s employment-to-population ratio is 3.5 percentage points below January 2020 levels. This means 13 million Americans are outside the labor force. To get back to pre-pandemic levels, the economy has to create more than 540,000 jobs a month for two years.\n\nSo what does this mean for this week's Fed meeting?\n\nThe Fed is planet earth’s central bank. Every time they tried to play Tough Guy, they’ve blown up the global economy.This time, the Fed's Tough Guy window is much smaller. In 2018 or 2013 that window was nine to ten months. Now, it’s like two months because the economy is so weak. If they let financial conditions tighten further, they risk a major default cycle.\n The negative multiplier effect of a stronger dollar is much higher to the world economy than the Fed anticipates. They can't afford to let the dollar rip higher, because there is so much dollar denominated debt in the world, so much trade tied to the Greenback. If they blow that up, it will just blow back to the US and force the Fed into a policy shift anyway. It’s like with an oil change at the car repair shop: You can pay now or you can pay later. That’s why the Fed has to pay now.\n\nWhy?\n\nThe Fed’s back is against the wall, all points to proactive action on March 17.They must suppress taper fears and cut these risks off, or else they blow up the global economy for the 4th time since 2013. We’re hearing that they’re already getting incoming calls from emerging market central banks right now. If Fed Chairman Jay Powell plays Tough Guy by staying with the current path, without offering further assurances of deeper, more sustainable accommodation, the beast inside the market will keep pushing him until he breaks. We will see a repeat of Q4 2018 and Q1 2019, where the Fed was forced into an utterly embarrassing pivot. One of those is enough for Powell’s legacy, he doesn’t want two.\n\nWhat kind of measures can be expected?\n\nEventually, we will get the taper, but the overwhelming point is other weapons have to come first.A Federal Reserve offering insufficient accommodation places markets in the crosshairs of a risk-off event. The first thing they will try to do is give some hard data points. For example, the US economy has to create 10 million jobs for the Fed to do anything on the balance sheet. Another way they can get out is calendar guidance, but that’s a more sophisticated weaponry. Bottom line, they should just say: «From now until the end of the year QE will continue at $120 billion a month, and we want PCE-inflation to get to between 2 and 2.5% and stay there for 24 months.» With that in place,\n all they have to do is open the door two or three inches for yield curve control, and they can contain the dollar.\n\nThe last time the Federal Reserve used yield curve control was during the time of World War II. Why would it resort to such a radical measure?\n\nHere’s the dirty little secret: Too many Treasury bonds are for sale.There aren’t enough buyers, and that will force the Fed to step in. More than $3.6 trillion of US government paper was issued in 2020 versus $2.9 trillion in the prior year. With the new $1.9 trillion fiscal package coming from Washington, issuance in 2021 is slated to rise to $4 trillion. That’s a lot more than the Fed’s Treasury purchases through QE, so the spread between QE and debt issuance gets much wider. Washington is doing so much fiscal stimulus, I’m confident that this is going to force the Fed into yield curve control by September. If that’s the case, it will pressure the dollar lower and put commodities, value stocks, global cyclicals, materials and emerging markets into rotation overdrive.\n\nHow come?\n\nYield curve control deployment is the tactical nuclear weaponry.If the Fed throws out yield curve control just as a threat, it will suppress Treasury rates and real yields will go much more negative. Over the last couple of months, the issuance has overpowered inflation expectations. Think of it as a car race: Treasury issuances were driving up yields faster than inflation expectations rose. But if the Fed starts to acknowledge that they are going to bring out new weapons like calendar guidance and yield curve control, then they’re suppressing nominal yields. So if inflation expectations continue to rise, then real yields go big negative – and that’s when gold and silver will take off. I think silver can double from here until early next year. Gold could be up 50%.\n\nHow can investors best position themselves in this environment?\n\n In terms of emerging markets, we’re\n long Chile and Brazil.In Asia, South Korea looks attractive. We also like the KWEB ETF which consists of the big Chinese tech stocks. In the commodity space, we have a position in the XME ETF which owns mainly\n copper and steel names.One of the best companies we own is Teck Resources. This stock is almost like a commodity mutual fund, because the company has exposure to copper, nickel and even energy. Another favorite is Mosaic because in a commodity cycle where you have weather problems around the world,\n agricultural plays are a good bet.\n\nWhat about precious metals?\n\nWhen it comes to precious metals, we love silver minerslike Hecla Mining. When the Fed eases its policy, the silver miners will outperform the underlying metal, and they will outperform gold because there is more leverage there.\n\nThe gold price is down more than 15% since its all-time high in August. What’s the problem?\n\nEveryone thinks it’s 2013, so taper fears are sky high for gold. But the Fed cannot repeat its mistakes.They must cap yields if they want to preserve the global economic recovery. Thus, the convexity with gold is very attractive. Every leg lower in real yields will act like a slingshot higher for gold. That’s why we love Newmont. The stock trades at 6x EBITDA with a 4% dividend yield which gives you some downside protection. And remember: The 2011-2016 commodity bust has made the balance sheet of these high quality gold mining companies a lot stronger.\n\nPresident Joe Biden has just signed off on a $1.9 trillion economic program. What are the chances of a second stimulus bill, aimed at infrastructure?\n\n It’s important to note that\n a second fiscal deal for 2021 is not a slam dunk.To pass the present $1.9 trillion stimulus bill, the Democrats used reconciliation. It’s a very special trick in US politics, because with reconciliation you don’t need 60 votes to pass a bill in the Senate. All you need is 50 votes. Yet, reconciliation has to be tied to a budget year. This means the next time the Democrats can use it is probably in the fourth quarter, late November or December, and tie it to the following year's budget. So the only way to do an infrastructure bill in the next six months is with a traditional piece of legislation.\n\nIs that even possible, given how wide the rift between Republicans and Democrats has opened in recent years?\n\n For that you need essentially ten Republicans. Right now, the centrists on the Hill, people like Mitt Romney on the Republican side or Joe Manchin on the Democrat side, are the most powerful people in Washington. They want to do an infrastructure program, but they want to finance it with tax revenue. They don’t believe in things like Modern Monetary Theory where the Fed is financing the deficit.\n So you are going to need a tax hike. And in this regard, we’re hearing they could go after some type of flat tax on the FAANGs, the big technology companies.\n\nWhat does this mean for Apple, Google, Facebook and other tech heavyweights?\n\n Keep in mind, we’re in a populist revolution:\n The risk of inequality leading to social unrest is high, and that puts pressure on politicians to pass bills to tax the rich.But a wealth tax is extremely complicated, it would take years. The simplest way to do something in terms of taxes is to tax larger companies. In the eighties, the top 100 companies in the US maintained about 45 to 50% of total profits. Today, the largest 20 companies command about 85 to 90%. In addition to that, close to 40% of the S&P 500’s market cap is related to tech. So tech is the low hanging fruit for the populists in Congress to go after.\n\nOne more reason why tech stocks remain under pressure?\n\n We run a bunch of models. For example, we look at Berkshire Hathaway’s share price versus the Nasdaq 100 or the Dow Jones Industrial versus the Nasdaq. March 8th was the second time in 2021 that the Nasdaq closed down 2% with the Dow closing higher.\n We haven’t seen this type of data since the dotcom crash. It’s a very rare event which historically coincides with a longer-term rotation out of technology stocks. That’s a very encouraging signal for value stocks.In this regard, we like the EWU ETF. It’s a wonderful basket of stocks because it’s full of financials and world class names like BP, Rio Tinto or Glencore. Officially, it’s called the United Kingdom ETF, but it’s more like a global value ETF.\n\nDoes this mean that the rotation towards cyclical stocks has only just begun?\n\nMany investors around the world are long a portfolio of stocks that was designed for the deflationary environment of the previous decade.The decade ahead of us - with all what’s ahead in terms of fiscal and monetary stimulus, populism, regulation and taxes - will push investors toward more globally value related stocks. That’s where the best returns are going to be.\n\nSo the previously successful «buy the dip» strategy of simply buying more tech stocks after every decline no longer works?\n\nThe potency of dip-buying is in decay mode.Global value is really starting to kick tech in the teeth, and when that happens, it wakes up what's called «real money». Keep in mind: There is fast money, mostly hedge funds which are nimble and make quick moves. In contrast, real money moves slowly. Those types of investors don’t make asset allocation decisions quickly. They base their decisions on committees and all kinds of meetings. As a result, tectonic plates are shifting beneath our feet. We’ve seen tremors after tremors where value is starting to crush growth, and now the earthquake is coming. At Bear Traps, we have a Bloomberg chat with 650 institutional investors, and I can tell just by these conversations, that the real money is starting to move.\n And when the real money moves, that’s when the big quake happens.\n\nWhat kind of dislocations will this cause?\n\nTech will probably be down 30 to 40% sometime between now and the end of October.Today, the market cap of the Nasdaq 100 is close to $12 trillion, but most large-cap tech stocks are unchanged since July last year, while commodity and value-related equities are up 20 to 50%. In the US, if you talk to a hundred high-net-worth families, every one of those families owns Apple, Google, Facebook and Amazon. But look what’s happening: Amazon’s stock is flat since the 4th of July 2020. That's $1.5 trillion of dead money. Last Friday, Amazon failed at the 200-day moving average again.\n This is like Mike Tyson getting defeated by Buster Douglas, one of the greatest upsets in sports history. This psychology is moving through the market, pushing the capital migration process into value and commodity plays.\n\nHowever, investments in commodities are mostly not compliant with the trend towards ESG standards; especially when it comes to CO2 emissions.\n\nThe best ESG trade on the board is nuclear power. The largest uranium company in the US is Cameco with a $7 market cap.Think about that relative to Elon Musk’s net worth! I support the Green New Deal, but this needs time, because solar and wind are still too far away to produce the amount of energy needed around the world, especially in India and China. The only way to meet that demand is through nuclear power. Uranium is coming out of a ten-year bear market, and it’s going into a massive new bull market. All the contracts between power plants and uranium producers are going to be adjusted. That’s why we like the URA ETF which owns companies like Cameco. I see some of these companies as six baggers: 500% upside potential and 30 to 40% downside risk, because uranium is still a risky commodity.\n\nIn our last conversation, you recommended investments in the energy sector. Since then, names such as Chevron, Royal Dutch Shell or Exxon Mobil have advanced 25 to 60%. What do you advise investors to do now?\n\nFor now, we’ve cut our energy book:We’ve sold half of our shares in Chevron, and we’ve sold two thirds of our positions in Exxon Mobil and in the XLE ETF. What happens when you get into the fourth, fifth and sixth innings of a commodity cycle, tertiary sectors like metallurgical coal become more attractive. Sure, met coal, also known as coking coal, is not ESG friendly, but there is no way around it for steel production and hence the construction of skyscrapers, bridges and things like that. So coming into this infrastructure boom all around the world, coal has plenty of upside. That’s why we own names like Arch Resources and Peabody Energy. They’re low-leveraged, and really cheap, once again, on a risk/reward basis.\n\nWhat are the biggest dangers to watch out for in the coming weeks and months?\n\nOne spot to watch are all these forbearance deals in commercial real estate.When we come out of Covid and the vaccines and the stimulus money are juicing through the economy, the market will be forcing the release of the forbearance on a lot of these loans. So if people don’t come back fast enough to the cities, these commercial real estate loans are going to get reset. This would mean some big defaults, and the banks own a lot of these loans. Also, a lot of leveraged loans are really rich. And then, there is potentially a fiscal cliff:\n The sustainability of the $1.9 trillion stimulus package isn’t that great because a lot of it is just transfer payments replacing lost income for people staying at home. That’s why the US needs a second stimulus bill. If we don’t get a second bill, we are going to have a problem in about a year from now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095162411,"gmtCreate":1644852798571,"gmtModify":1676533968344,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Short Squeeze!!","listText":"Short Squeeze!!","text":"Short Squeeze!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095162411","repostId":"1198659303","repostType":2,"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970453424,"gmtCreate":1684854225868,"gmtModify":1684854230523,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Long. Short squeeze!!","listText":"Long. Short squeeze!!","text":"Long. Short squeeze!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970453424","repostId":"2337959393","repostType":2,"repost":{"id":"2337959393","kind":"highlight","pubTimestamp":1684849783,"share":"https://ttm.financial/m/news/2337959393?lang=&edition=fundamental","pubTime":"2023-05-23 21:49","market":"us","language":"en","title":"3 Reasons Sea Limited Is a Buy for the Long Haul","url":"https://stock-news.laohu8.com/highlight/detail?id=2337959393","media":"Motley Fool","summary":"Management has earned investors' trust.","content":"<html><head></head><body><h2>KEY POINTS</h2><ul><li><p>Investors sold off Sea Limited after its first-quarter earnings, but they&#39;re missing the big picture.</p></li><li><p>Its most important divisions actually did very well.</p></li><li><p>The company is now profitable after aggressive cost cuts over the past year.</p></li></ul><p><a href=\"https://laohu8.com/S/SE\">Sea Limited</a> investors have been on a wild ride this year, with the stock rising more than 60% in 2023 up until last week&#39;s earnings report, after which the stock promptly dropped nearly 20%.</p><p>While a slight miss on the bottom line might have been the excuse short-term investors needed to take some profits, Sea Limited actually delivered some impressive results when looking under the hood at its most important e-commerce and fintech segments. Still down some 80% from its 2021 highs, Sea&#39;s shares look interesting on this recent dip.</p><p>In fact, there aren&#39;t one but several good reasons to scoop up Sea shares for the long haul at these prices.</p><h2>1. Proven execution in three different businesses</h2><p>One of the keys to identifying stocks with outsized, long-term potential is to identify an all-star management team. Sea&#39;s CEO Forrest Li and his team have clearly proven themselves as such.</p><p>Sea started merely as a video game publisher for third-party games in Southeast Asian countries in 2009. But in 2017, it launched its first in-house developed game <em>Free Fire</em>, which went on to become a global hit and attract 150 million players by 2021. In 2014 and 2015, Sea launched its digital-financial services SeaMoney and then its e-commerce platform Shopee. In just seven short years, Shopee now leads in e-commerce in six major Southeast Asian countries and is growing fast in Brazil, where it launched in 2019. Meanwhile, the company&#39;s digital-financial services have taken off and is now Sea&#39;s highest-growing segment.</p><p>Being able to execute at the top of not one but three fairly different industries is a testament to management&#39;s prowess, especially when you think about the difficulties of serving e-commerce to emerging markets. For instance, Indonesia is a country of 10,000 islands and had been too complicated for third-party logistics services to cover. However, on the recent conference call, Sea&#39;s management noted that 95% of the country is now covered by Shopee&#39;s own logistics services.</p><p>Overtaking established leaders and solving customer problems in emerging markets is no easy feat; based on its track record of doing this repeatedly, Sea&#39;s management should have earned the trust of investors by now.</p><h2>2. Adaptability</h2><p>Of course, operating in dynamic emerging markets and volatile financial markets is never a smooth ride. The massive shift from the pre-pandemic, low-interest environment to a high-inflation, high-rate environment in 2022 to 2023 has proven challenging not only for Sea but many other internet businesses.</p><p>However, management&#39;s ability to adapt and quickly reorient the company over the past 18 months has been nothing short of amazing.</p><p>In the pre-pandemic and pandemic eras of low interest rates, Sea was able to use its video game profits and publicly raised funds to build out Shopee and SeaMoney into the juggernauts they are today. However, that took lots and lots of cash as Sea was burning through hundreds of millions of dollars every quarter during that time.</p><p>When the pandemic subsided, video game profits fell, and interest rates spiked, Forrest Li and his team completely changed tactics. They cut staff, passed up their own salaries, and executed vigorous cost cutting, which became the company&#39;s mantra, even down to the type of toilet paper used in the office.</p><p>Looking at the company&#39;s headline numbers may understate just how dramatic the change has been as the Garena gaming division&#39;s profitability has continued to fall. Yet look at the massive change in profitability in the still-growing Shopee and SeaMoney divisions last quarter:</p><table style=\"border-collapse:collapse;\"><tbody><tr><th style=\"text-align:left;\"><p><strong>Sea Limited</strong> (SE -2.12%) <strong>Segment Adjusted EBITDA</strong> (millions)</p></th><th style=\"text-align:left;\"><p><strong>Q1 2022</strong></p></th><th style=\"text-align:left;\"><p><strong>Q1 2023</strong></p></th></tr></tbody><tbody><tr><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>Digital entertainment</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>$431.4</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>$230.1</p></td></tr><tr><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>E-commerce</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>($742.8)</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>$207.7</p></td></tr><tr><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>Digital financial services</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>($124.9)</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>$98.9</p></td></tr><tr><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>Other</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>($64.6)</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>($21.9)</p></td></tr><tr><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>Unallocated expenses</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>($8.9)</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>($7.6)</p></td></tr><tr><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>Total EBITDA</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>($509.9)</p></td><td data-colwidth=\"208\" style=\"text-align:left;width:208px;\"><p>$507.2</p></td></tr></tbody></table><p>Data source: Sea Limited Q1 2023 press release. Chart by author.</p><p>What&#39;s even more remarkable is that this $1 billion improvement in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) came as the company only grew overall revenue by just $141 million. That just goes to show the depths of Sea&#39;s cost cuts, which bodes well for the company&#39;s ability to grow efficiently and profitably going forward.</p><h2>3. Good at market timing</h2><p>Given the massive change in the inflation and rate environment, Sea&#39;s share price has been on a roller-coaster ride. The company went public back in 2017 at $15 per share, reached a high of $372.70 in late 2021, crashed to just above $40 last fall, and is now near $70 per share.</p><p>A stock&#39;s equity price isn&#39;t only a reflection of buyers and sellers in the market; it can also affect how the company can fund itself. Fortunately, Sea&#39;s management appears to also understand this very well, along with an uncanny ability to time the capital markets.</p><p>As its share price surged higher and higher in 2021, Sea opportunistically raised money with its stock near all-time highs in September of that year, selling shares at $318 per share, along with billions in 0.25% convertible notes. Those funds proved crucial to Sea, giving it a cash cushion and therefore time to execute its turnaround and make it to profitability in the fourth quarter of 2022.</p><p>Then, as Sea achieved profitability in Q4, and with its stock price near 52-week lows, management repurchased $611 million of those convertible notes at a big discount, as the notes&#39; market price fluctuates with Sea&#39;s stock price, leading to a gain of $200 million!</p><p>Selling high and buying low on its own stock is another way management has created value of shareholders.</p><h2>Proven management with tailwinds at its back</h2><p>While there are sure to be bumps along the way, these three factors appear to prove Sea&#39;s management team is first-class, with the ability to build and strengthen its three competitively advantaged platforms.</p><p>Even in the challenged 2022, consulting firm Bain &amp; Co. sees the Southeast Asian economies growing 4% to 5% annually over the next decade, which is a very healthy annualized rate for this large region. This is due to favorable demographics, government policies, and the rapidly digitizing economies in these countries, which should fuel efficient productivity over time.</p><p>All of those factors should benefit Sea&#39;s three digital businesses. With the company trading at just 3 times sales and with rapidly improving profitability, long-term investors shouldn&#39;t pass up the chance to buy Sea shares on this post-earnings dip.</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>3 Reasons Sea Limited Is a Buy for the Long Haul</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\">\n3 Reasons Sea Limited Is a Buy for the Long Haul\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-23 21:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/05/23/3-reasons-sea-limited-is-a-buy-for-the-long-haul/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSInvestors sold off Sea Limited after its first-quarter earnings, but they're missing the big picture.Its most important divisions actually did very well.The company is now profitable after ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/05/23/3-reasons-sea-limited-is-a-buy-for-the-long-haul/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://www.fool.com/investing/2023/05/23/3-reasons-sea-limited-is-a-buy-for-the-long-haul/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2337959393","content_text":"KEY POINTSInvestors sold off Sea Limited after its first-quarter earnings, but they're missing the big picture.Its most important divisions actually did very well.The company is now profitable after aggressive cost cuts over the past year.Sea Limited investors have been on a wild ride this year, with the stock rising more than 60% in 2023 up until last week's earnings report, after which the stock promptly dropped nearly 20%.While a slight miss on the bottom line might have been the excuse short-term investors needed to take some profits, Sea Limited actually delivered some impressive results when looking under the hood at its most important e-commerce and fintech segments. Still down some 80% from its 2021 highs, Sea's shares look interesting on this recent dip.In fact, there aren't one but several good reasons to scoop up Sea shares for the long haul at these prices.1. Proven execution in three different businessesOne of the keys to identifying stocks with outsized, long-term potential is to identify an all-star management team. Sea's CEO Forrest Li and his team have clearly proven themselves as such.Sea started merely as a video game publisher for third-party games in Southeast Asian countries in 2009. But in 2017, it launched its first in-house developed game Free Fire, which went on to become a global hit and attract 150 million players by 2021. In 2014 and 2015, Sea launched its digital-financial services SeaMoney and then its e-commerce platform Shopee. In just seven short years, Shopee now leads in e-commerce in six major Southeast Asian countries and is growing fast in Brazil, where it launched in 2019. Meanwhile, the company's digital-financial services have taken off and is now Sea's highest-growing segment.Being able to execute at the top of not one but three fairly different industries is a testament to management's prowess, especially when you think about the difficulties of serving e-commerce to emerging markets. For instance, Indonesia is a country of 10,000 islands and had been too complicated for third-party logistics services to cover. However, on the recent conference call, Sea's management noted that 95% of the country is now covered by Shopee's own logistics services.Overtaking established leaders and solving customer problems in emerging markets is no easy feat; based on its track record of doing this repeatedly, Sea's management should have earned the trust of investors by now.2. AdaptabilityOf course, operating in dynamic emerging markets and volatile financial markets is never a smooth ride. The massive shift from the pre-pandemic, low-interest environment to a high-inflation, high-rate environment in 2022 to 2023 has proven challenging not only for Sea but many other internet businesses.However, management's ability to adapt and quickly reorient the company over the past 18 months has been nothing short of amazing.In the pre-pandemic and pandemic eras of low interest rates, Sea was able to use its video game profits and publicly raised funds to build out Shopee and SeaMoney into the juggernauts they are today. However, that took lots and lots of cash as Sea was burning through hundreds of millions of dollars every quarter during that time.When the pandemic subsided, video game profits fell, and interest rates spiked, Forrest Li and his team completely changed tactics. They cut staff, passed up their own salaries, and executed vigorous cost cutting, which became the company's mantra, even down to the type of toilet paper used in the office.Looking at the company's headline numbers may understate just how dramatic the change has been as the Garena gaming division's profitability has continued to fall. Yet look at the massive change in profitability in the still-growing Shopee and SeaMoney divisions last quarter:Sea Limited (SE -2.12%) Segment Adjusted EBITDA (millions)Q1 2022Q1 2023Digital entertainment$431.4$230.1E-commerce($742.8)$207.7Digital financial services($124.9)$98.9Other($64.6)($21.9)Unallocated expenses($8.9)($7.6)Total EBITDA($509.9)$507.2Data source: Sea Limited Q1 2023 press release. Chart by author.What's even more remarkable is that this $1 billion improvement in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) came as the company only grew overall revenue by just $141 million. That just goes to show the depths of Sea's cost cuts, which bodes well for the company's ability to grow efficiently and profitably going forward.3. Good at market timingGiven the massive change in the inflation and rate environment, Sea's share price has been on a roller-coaster ride. The company went public back in 2017 at $15 per share, reached a high of $372.70 in late 2021, crashed to just above $40 last fall, and is now near $70 per share.A stock's equity price isn't only a reflection of buyers and sellers in the market; it can also affect how the company can fund itself. Fortunately, Sea's management appears to also understand this very well, along with an uncanny ability to time the capital markets.As its share price surged higher and higher in 2021, Sea opportunistically raised money with its stock near all-time highs in September of that year, selling shares at $318 per share, along with billions in 0.25% convertible notes. Those funds proved crucial to Sea, giving it a cash cushion and therefore time to execute its turnaround and make it to profitability in the fourth quarter of 2022.Then, as Sea achieved profitability in Q4, and with its stock price near 52-week lows, management repurchased $611 million of those convertible notes at a big discount, as the notes' market price fluctuates with Sea's stock price, leading to a gain of $200 million!Selling high and buying low on its own stock is another way management has created value of shareholders.Proven management with tailwinds at its backWhile there are sure to be bumps along the way, these three factors appear to prove Sea's management team is first-class, with the ability to build and strengthen its three competitively advantaged platforms.Even in the challenged 2022, consulting firm Bain & Co. sees the Southeast Asian economies growing 4% to 5% annually over the next decade, which is a very healthy annualized rate for this large region. This is due to favorable demographics, government policies, and the rapidly digitizing economies in these countries, which should fuel efficient productivity over time.All of those factors should benefit Sea's three digital businesses. With the company trading at just 3 times sales and with rapidly improving profitability, long-term investors shouldn't pass up the chance to buy Sea shares on this post-earnings dip.","news_type":1},"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9021124434,"gmtCreate":1653015310129,"gmtModify":1676535208923,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Go NIO! Sell your cars in SG pls.","listText":"Go NIO! Sell your cars in SG pls.","text":"Go NIO! Sell your cars in SG pls.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021124434","repostId":"1127589935","repostType":2,"isVote":1,"tweetType":1,"viewCount":447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190191635296408,"gmtCreate":1687459028354,"gmtModify":1687459031536,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a><v-v data-views=\"1\"></v-v>shares are very&nbsp;undervalued for the growth. Sea grows much faster as a tech company. Ready for profit report.&nbsp; 📈&nbsp;","listText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a><v-v data-views=\"1\"></v-v>shares are very&nbsp;undervalued for the growth. Sea grows much faster as a tech company. Ready for profit report.&nbsp; 📈&nbsp;","text":"$Sea Ltd(SE)$ shares are very undervalued for the growth. Sea grows much faster as a tech company. Ready for profit report. 📈","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190191635296408","isVote":1,"tweetType":1,"viewCount":479,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9088922593,"gmtCreate":1650300394222,"gmtModify":1676534690869,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TWTR\">$Twitter(TWTR)$</a>if they're smart they will sell","listText":"<a href=\"https://ttm.financial/S/TWTR\">$Twitter(TWTR)$</a>if they're smart they will sell","text":"$Twitter(TWTR)$if they're smart they will sell","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088922593","isVote":1,"tweetType":1,"viewCount":415,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9922196086,"gmtCreate":1671711397646,"gmtModify":1676538580170,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Cut more. It's not enough","listText":"Cut more. It's not enough","text":"Cut more. It's not enough","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9922196086","repostId":"1169830063","repostType":2,"repost":{"id":"1169830063","kind":"news","pubTimestamp":1671711045,"share":"https://ttm.financial/m/news/1169830063?lang=&edition=fundamental","pubTime":"2022-12-22 20:10","market":"sg","language":"en","title":"Singapore’s Sea Freezes Salaries, Cuts Bonuses as Tougher 2023 Looms","url":"https://stock-news.laohu8.com/highlight/detail?id=1169830063","media":"Bloomberg","summary":"Forrest Li warns of worsening economic environment in 2023The Asian internet giant now plans to focu","content":"<html><head></head><body><ul><li>Forrest Li warns of worsening economic environment in 2023</li><li>The Asian internet giant now plans to focus on profitability</li></ul><p>Sea Ltd. is freezing salaries for most staff and paying out lower bonuses this year, bracing for what founder Forrest Li warned could be a worsening global economic environment in 2023.</p><p>The Asian internet giant needs to focus on profitability after a difficult 2022, the chief executive officer announced in an internal memo this week seen by Bloomberg News. Li warned that, with the war in Ukraine and inflation around the world, 2023 may prove to be “even more challenging.” It’s doing away with salary increases for staff who aren’t promoted, Li added.</p><p>“I want to assure you we will be starting 2023 on stable footing,” Li wrote. “Most of the big changes we need to make are complete.”</p><p>The gaming and online-retail giant has lost some 77% of its value this year on questions about its prospects in an era of rising interest rates and intensifying competition. A representative for Sea declined to comment on Li’s memo.</p><p>Seacutabout 7,000 jobs, or roughly 10% of its workforce, as it fought to stem ballooning losses and win back investors. It’s also shuttered e-commerce operations in some European and Latin American markets and said it would reduce expenses to cope.</p><p>In November, the company announced a smaller than expected quarterly loss, spurring hopes that measures to curtail expenses will help it achieve profitability even as growth slows.</p><p>“I know such news can be hard to bear, especially around the holiday season,” Li wrote. “These are temporary but necessary measures to help us build toward a bigger, brighter future.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore’s Sea Freezes Salaries, Cuts Bonuses as Tougher 2023 Looms</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\">\nSingapore’s Sea Freezes Salaries, Cuts Bonuses as Tougher 2023 Looms\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-22 20:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-12-22/sea-ltd-freezes-salaries-cuts-bonuses-as-tougher-2023-looms?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Forrest Li warns of worsening economic environment in 2023The Asian internet giant now plans to focus on profitabilitySea Ltd. is freezing salaries for most staff and paying out lower bonuses this ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-12-22/sea-ltd-freezes-salaries-cuts-bonuses-as-tougher-2023-looms?srnd=premium\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://www.bloomberg.com/news/articles/2022-12-22/sea-ltd-freezes-salaries-cuts-bonuses-as-tougher-2023-looms?srnd=premium","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169830063","content_text":"Forrest Li warns of worsening economic environment in 2023The Asian internet giant now plans to focus on profitabilitySea Ltd. is freezing salaries for most staff and paying out lower bonuses this year, bracing for what founder Forrest Li warned could be a worsening global economic environment in 2023.The Asian internet giant needs to focus on profitability after a difficult 2022, the chief executive officer announced in an internal memo this week seen by Bloomberg News. Li warned that, with the war in Ukraine and inflation around the world, 2023 may prove to be “even more challenging.” It’s doing away with salary increases for staff who aren’t promoted, Li added.“I want to assure you we will be starting 2023 on stable footing,” Li wrote. “Most of the big changes we need to make are complete.”The gaming and online-retail giant has lost some 77% of its value this year on questions about its prospects in an era of rising interest rates and intensifying competition. A representative for Sea declined to comment on Li’s memo.Seacutabout 7,000 jobs, or roughly 10% of its workforce, as it fought to stem ballooning losses and win back investors. It’s also shuttered e-commerce operations in some European and Latin American markets and said it would reduce expenses to cope.In November, the company announced a smaller than expected quarterly loss, spurring hopes that measures to curtail expenses will help it achieve profitability even as growth slows.“I know such news can be hard to bear, especially around the holiday season,” Li wrote. “These are temporary but necessary measures to help us build toward a bigger, brighter future.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":241,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9997117445,"gmtCreate":1661760489391,"gmtModify":1676536574178,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Stooped!!","listText":"Stooped!!","text":"Stooped!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997117445","isVote":1,"tweetType":1,"viewCount":250,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9997117652,"gmtCreate":1661760431279,"gmtModify":1676536574171,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Yes is rubbish","listText":"Yes is rubbish","text":"Yes is rubbish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997117652","isVote":1,"tweetType":1,"viewCount":229,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355606292598976,"gmtCreate":1727827505354,"gmtModify":1727827510456,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Yeha","listText":"Yeha","text":"Yeha","images":[{"img":"https://community-static.tradeup.com/news/d4680a1292c68b1d4d5ba3918c49d84b","width":"1080","height":"1608"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355606292598976","isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":187297786232960,"gmtCreate":1686754812826,"gmtModify":1686755524547,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/OPT/TQQQ 20240119 37.5 CALL\">$TQQQ 20240119 37.5 CALL$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/OPT/TQQQ 20240119 37.5 CALL\">$TQQQ 20240119 37.5 CALL$ &nbsp;</a>","text":"$TQQQ 20240119 37.5 CALL$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187297786232960","isVote":1,"tweetType":1,"viewCount":262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9088916731,"gmtCreate":1650297968175,"gmtModify":1676534690113,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Yes. Fire the entire existing board. The shareholders want to sell to Musk.","listText":"Yes. Fire the entire existing board. The shareholders want to sell to Musk.","text":"Yes. Fire the entire existing board. The shareholders want to sell to Musk.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088916731","repostId":"2228956134","repostType":2,"isVote":1,"tweetType":1,"viewCount":237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9032698137,"gmtCreate":1647348506069,"gmtModify":1676534218996,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Loss making company","listText":"Loss making company","text":"Loss making company","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032698137","repostId":"1192506500","repostType":2,"isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001189213,"gmtCreate":1641189611062,"gmtModify":1676533580961,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Yay! I got president&nbsp;","listText":"Yay! I got president&nbsp;","text":"Yay! I got president","images":[{"img":"https://static.itradeup.com/news/c0dbec620574de8359e33c65a8098ab5","width":"1080","height":"1457"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001189213","isVote":1,"tweetType":1,"viewCount":150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":324504832,"gmtCreate":1616001742926,"gmtModify":1704789635598,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Up to the moon","listText":"Up to the moon","text":"Up to the moon","images":[{"img":"https://static.tigerbbs.com/a2a0e9bcbbacf74bd016353a1c88759c","width":"1080","height":"1922"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324504832","isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":324119163,"gmtCreate":1615973399252,"gmtModify":1704789116457,"author":{"id":"3559232375600013","authorId":"3559232375600013","name":"宇哲颖","avatar":"https://community-static.tradeup.com/news/c65aeec1a83bab05edc89f87b187017e","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559232375600013","authorIdStr":"3559232375600013"},"themes":[],"htmlText":"Buy the dip!","listText":"Buy the dip!","text":"Buy the dip!","images":[{"img":"https://static.tigerbbs.com/b8c502db7a86f53adcae7e0cc3ea9cd5","width":"1080","height":"1896"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324119163","isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}