生肉麵加豬油渣 personal page - To The Moon

生肉麵加豬油渣

生肉麵加豬油渣

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生肉麵加豬油渣

01-22

$DiDi Global Inc.(DIDIY)$

生肉麵加豬油渣

2022-06-12

AAPL for me

3 Unstoppable Growth Stocks to Buy in the Stock Market Sell-Off

生肉麵加豬油渣

2021-06-12

gogogo

S&P ekes out gains to close languid week

生肉麵加豬油渣

2021-05-26

Next is a push in stock price?

Li Auto EPS beats by $0.01, beats on revenue

生肉麵加豬油渣

2021-08-22

This is one reason holding back the momentum?

Sorry, the original content has been removed

生肉麵加豬油渣

2022-06-21

calm n steady is the way forward

US Equity Futures Pointed Higher As Investor Sentiment Stabilized

生肉麵加豬油渣

2022-06-05

i will hold all the way no matter what will be the result (wont be good)...

NIO: The Ultimate Bottom Has Occurred

生肉麵加豬油渣

2021-09-03

Moon is not enough, to Mars

S&P, Nasdaq edge to record closes, energy stocks buoyant

生肉麵加豬油渣

2021-08-01

Never been easy ride all along

Investors, Beware! Stocks Are Entering the Most Dangerous Stretch of the Year

生肉麵加豬油渣

2021-03-23

Rubbing salt to my wound

Who Needs a Sell-Off? These 3 Growth Stocks Are More Than 30% Off Their Highs

生肉麵加豬油渣

2022-12-02

[Speechless]

US STOCKS-Wall Street Ends Mixed; Salesforce Selloff Pressures Dow

生肉麵加豬油渣

2022-07-29

excellent insight [ShakeHands] [Salute] [Like] [Like] [Like]

Alibaba Vs. JD.Com: Let's Hear The Bears Out

生肉麵加豬油渣

2022-07-03

AAPL [Call]

Apple Stock Is Under Pressure. Why Its Earnings Could Trigger a Rebound

生肉麵加豬油渣

2022-06-20

is this a trap?

Alibaba Is Cheaper Than Ever

生肉麵加豬油渣

2022-06-15

king? it was threw out of evry window just few weeks back...

Alibaba: King Of Commerce-Driven Operating Income

生肉麵加豬油渣

2022-06-07

[YoYo]

Retail Stocks Fell in Morning Trading, Target Stock Tumbled 5%

生肉麵加豬油渣

2022-06-06

Wow this is getting out of control

Sorry, the original content has been removed

生肉麵加豬油渣

2021-09-09

Really u r right

3 Top Electric Vehicle Stocks to Buy for the Long Haul

生肉麵加豬油渣

2021-09-01

Errr im holding for now...

U.S. crude stocks down, product demand hits all-time record - EIA

生肉麵加豬油渣

2021-08-29

Fishy...

Tesla's Musk signals concerns over Nvidia deal for UK chip maker -The Telegraph

Go to Tiger App to see more news

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of my favorite pick for the year","text":"$Tesla Motors(TSLA)$ have faith, this is one of my favorite pick for the year","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9964081484","isVote":1,"tweetType":1,"viewCount":169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965601207,"gmtCreate":1669940762509,"gmtModify":1676538273738,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559357742503712","authorIdStr":"3559357742503712"},"themes":[],"htmlText":"[Speechless]&nbsp;","listText":"[Speechless]&nbsp;","text":"[Speechless]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965601207","repostId":"2288985598","repostType":4,"repost":{"id":"2288985598","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1669935750,"share":"https://ttm.financial/m/news/2288985598?lang=&edition=fundamental","pubTime":"2022-12-02 07:02","market":"us","language":"en","title":"US STOCKS-Wall Street Ends Mixed; Salesforce Selloff Pressures Dow","url":"https://stock-news.laohu8.com/highlight/detail?id=2288985598","media":"Reuters","summary":"Salesforce drops on co-CEO exit planDollar General falls on slashing annual profit viewU.S. manufact","content":"<html><head></head><body><ul><li>Salesforce drops on co-CEO exit plan</li><li>Dollar General falls on slashing annual profit view</li><li>U.S. manufacturing shrinks for first time in 2-1/2 years in Nov</li></ul><p><img src=\"https://static.tigerbbs.com/e7238b54d469f0f4aff99a01c5ac690f\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>Dec 1 (Reuters) - Wall Street ended mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders digested U.S. data that suggested the Federal Reserve&#39;s interest rate hikes are working.</p><p>On Wednesday, the S&amp;P 500 surged over 3% on optimism the Fed might moderate its campaign of interest rate hikes.</p><p>U.S. manufacturing activity shrank in November for the first time in 2-1/2 years as higher borrowing costs weighed on demand for goods, data showed, evidence the Fed&#39;s rate hikes have cooled the economy.</p><p>The personal consumption expenditures (PCE) price index rose 0.3%, the same as in September, and over the 12 months through October the index increased 6.0% after advancing 6.3% the prior month.</p><p>Excluding the volatile food and energy components, the PCE price index rose 0.2%, one-tenth less than expected, after gaining 0.5% in September.</p><p>&#34;On a normal day, the package of data this morning would be pretty risk-on, but after the rally yesterday, I think it&#39;s not quite good enough to push another leg higher,&#34; said Ross Mayfield, an investment strategy analyst at Baird.</p><p>Wednesday&#39;s rally drove the S&amp;P 500 index above its 200-day moving average for the first time since April after Fed Chair Jerome Powell said it was time to slow the pace of interest rate hikes.</p><p>Traders now see a 79% chance the Fed will increase its key benchmark rate by 50 basis points in December and a 21% chance it will hike rates by 75 basis points.</p><p>Salesforce Inc tumbled after the software maker said Bret Taylor would step down as co-chief executive officer in January.</p><p>Dollar General Corp fell after the discount retailer cut its annual profit forecast, while Costco Wholesale Corp dropped after the membership-only retail chain reported slower sales growth in November.</p><p>According to preliminary data, the S&amp;P 500 lost 2.31 points, or 0.06%, to end at 4,077.80 points, while the Nasdaq Composite gained 15.22 points, or 0.13%, to 11,483.21. The Dow Jones Industrial Average fell 193.24 points, or 0.56%, to 34,397.42.</p><p>A report from the Labor Department on Thursday showed initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 225,000 for the week ended Nov. 26.</p><p>Investors now await nonfarm payrolls data on Friday for clues about how rate hikes have affected the labor market.</p><p>With a month left in 2022, the S&amp;P 500 is down about 14% year to date, and the Nasdaq has lost about 27%. (Reporting by Ankika Biswas and Shreyashi Sanyal in Bengaluru, and by Noel Randewich in Oakland, Calif.; Editing by Shounak Dasgupta and David Gregorio)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Ends Mixed; Salesforce Selloff Pressures Dow</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\">\nUS STOCKS-Wall Street Ends Mixed; Salesforce Selloff Pressures Dow\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-12-02 07:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>Salesforce drops on co-CEO exit plan</li><li>Dollar General falls on slashing annual profit view</li><li>U.S. manufacturing shrinks for first time in 2-1/2 years in Nov</li></ul><p><img src=\"https://static.tigerbbs.com/e7238b54d469f0f4aff99a01c5ac690f\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>Dec 1 (Reuters) - Wall Street ended mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders digested U.S. data that suggested the Federal Reserve&#39;s interest rate hikes are working.</p><p>On Wednesday, the S&amp;P 500 surged over 3% on optimism the Fed might moderate its campaign of interest rate hikes.</p><p>U.S. manufacturing activity shrank in November for the first time in 2-1/2 years as higher borrowing costs weighed on demand for goods, data showed, evidence the Fed&#39;s rate hikes have cooled the economy.</p><p>The personal consumption expenditures (PCE) price index rose 0.3%, the same as in September, and over the 12 months through October the index increased 6.0% after advancing 6.3% the prior month.</p><p>Excluding the volatile food and energy components, the PCE price index rose 0.2%, one-tenth less than expected, after gaining 0.5% in September.</p><p>&#34;On a normal day, the package of data this morning would be pretty risk-on, but after the rally yesterday, I think it&#39;s not quite good enough to push another leg higher,&#34; said Ross Mayfield, an investment strategy analyst at Baird.</p><p>Wednesday&#39;s rally drove the S&amp;P 500 index above its 200-day moving average for the first time since April after Fed Chair Jerome Powell said it was time to slow the pace of interest rate hikes.</p><p>Traders now see a 79% chance the Fed will increase its key benchmark rate by 50 basis points in December and a 21% chance it will hike rates by 75 basis points.</p><p>Salesforce Inc tumbled after the software maker said Bret Taylor would step down as co-chief executive officer in January.</p><p>Dollar General Corp fell after the discount retailer cut its annual profit forecast, while Costco Wholesale Corp dropped after the membership-only retail chain reported slower sales growth in November.</p><p>According to preliminary data, the S&amp;P 500 lost 2.31 points, or 0.06%, to end at 4,077.80 points, while the Nasdaq Composite gained 15.22 points, or 0.13%, to 11,483.21. The Dow Jones Industrial Average fell 193.24 points, or 0.56%, to 34,397.42.</p><p>A report from the Labor Department on Thursday showed initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 225,000 for the week ended Nov. 26.</p><p>Investors now await nonfarm payrolls data on Friday for clues about how rate hikes have affected the labor market.</p><p>With a month left in 2022, the S&amp;P 500 is down about 14% year to date, and the Nasdaq has lost about 27%. (Reporting by Ankika Biswas and Shreyashi Sanyal in Bengaluru, and by Noel Randewich in Oakland, Calif.; Editing by Shounak Dasgupta and David Gregorio)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288985598","content_text":"Salesforce drops on co-CEO exit planDollar General falls on slashing annual profit viewU.S. manufacturing shrinks for first time in 2-1/2 years in NovDec 1 (Reuters) - Wall Street ended mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders digested U.S. data that suggested the Federal Reserve's interest rate hikes are working.On Wednesday, the S&P 500 surged over 3% on optimism the Fed might moderate its campaign of interest rate hikes.U.S. manufacturing activity shrank in November for the first time in 2-1/2 years as higher borrowing costs weighed on demand for goods, data showed, evidence the Fed's rate hikes have cooled the economy.The personal consumption expenditures (PCE) price index rose 0.3%, the same as in September, and over the 12 months through October the index increased 6.0% after advancing 6.3% the prior month.Excluding the volatile food and energy components, the PCE price index rose 0.2%, one-tenth less than expected, after gaining 0.5% in September.\"On a normal day, the package of data this morning would be pretty risk-on, but after the rally yesterday, I think it's not quite good enough to push another leg higher,\" said Ross Mayfield, an investment strategy analyst at Baird.Wednesday's rally drove the S&P 500 index above its 200-day moving average for the first time since April after Fed Chair Jerome Powell said it was time to slow the pace of interest rate hikes.Traders now see a 79% chance the Fed will increase its key benchmark rate by 50 basis points in December and a 21% chance it will hike rates by 75 basis points.Salesforce Inc tumbled after the software maker said Bret Taylor would step down as co-chief executive officer in January.Dollar General Corp fell after the discount retailer cut its annual profit forecast, while Costco Wholesale Corp dropped after the membership-only retail chain reported slower sales growth in November.According to preliminary data, the S&P 500 lost 2.31 points, or 0.06%, to end at 4,077.80 points, while the Nasdaq Composite gained 15.22 points, or 0.13%, to 11,483.21. The Dow Jones Industrial Average fell 193.24 points, or 0.56%, to 34,397.42.A report from the Labor Department on Thursday showed initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 225,000 for the week ended Nov. 26.Investors now await nonfarm payrolls data on Friday for clues about how rate hikes have affected the labor market.With a month left in 2022, the S&P 500 is down about 14% year to date, and the Nasdaq has lost about 27%. (Reporting by Ankika Biswas and Shreyashi Sanyal in Bengaluru, and by Noel Randewich in Oakland, Calif.; Editing by Shounak Dasgupta and David Gregorio)","news_type":1},"isVote":1,"tweetType":1,"viewCount":139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965001688,"gmtCreate":1669853778045,"gmtModify":1676538256248,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559357742503712","authorIdStr":"3559357742503712"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Amazon.com(AMZN)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965001688","isVote":1,"tweetType":1,"viewCount":121,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":265678056972304,"gmtCreate":1705886828374,"gmtModify":1705894032026,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559357742503712","authorIdStr":"3559357742503712"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/DIDIY\">$DiDi Global Inc.(DIDIY)$ </a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/DIDIY\">$DiDi Global Inc.(DIDIY)$ </a>&nbsp;","text":"$DiDi Global Inc.(DIDIY)$","images":[],"top":1,"highlighted":1,"essential":2,"paper":1,"likeSize":64,"commentSize":2,"repostSize":5,"link":"https://ttm.financial/post/265678056972304","isVote":1,"tweetType":1,"viewCount":691,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9056258343,"gmtCreate":1655028687082,"gmtModify":1676535550407,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559357742503712","authorIdStr":"3559357742503712"},"themes":[],"htmlText":"AAPL for me","listText":"AAPL for me","text":"AAPL for me","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9056258343","repostId":"2242669765","repostType":2,"repost":{"id":"2242669765","kind":"highlight","pubTimestamp":1655005649,"share":"https://ttm.financial/m/news/2242669765?lang=&edition=fundamental","pubTime":"2022-06-12 11:47","market":"us","language":"en","title":"3 Unstoppable Growth Stocks to Buy in the  Stock Market Sell-Off","url":"https://stock-news.laohu8.com/highlight/detail?id=2242669765","media":"Motley Fool","summary":"These three stocks have revenue and cash flows moving higher while stock prices are moving lower.","content":"<html><head></head><body><p>Growth stocks are falling out of favor with investors in 2022. Interest rates are rising quickly, a trend that makes the present value of future cash flows worth less.</p><p>Despite how the market feels about growth stocks, <b>Apple</b>, <b>Roblox</b>, and <b>Airbnb</b> are operating excellent businesses that seem unstoppable. Their stocks are already trading at discounts after the sell-off. Investors should consider adding these three growth stocks if the market crash gains further momentum. Here&#39;s why.</p><h2>Apple has decades of proven innovation</h2><p>Apple&#39;s business is centered around a unique capability to deliver innovative consumer technology products that drive billions in sales -- starting with the Mac computer, iPod, iPhone, iPad, Apple Watch, AirPods, and more. What&#39;s important for investors is that it has repeatedly proven that it can innovate. That makes it likely it can sustain robust revenue and profitability for the long term.</p><p><img src=\"https://static.tigerbbs.com/523eaf174c476968a742653715092c34\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"/></p><p>AAPL PE Ratio data by YCharts</p><p>From 2019 to 2021, Apple&#39;s sales bounced from $260 billion to $366 billion while growing earnings per share from $2.97 to $5.61. Apple is trading at a price-to-earnings ratio of 22 and a price-to-free-cash-flow (P/FCF) multiple of 21.</p><h2>Roblox is a pioneer of the metaverse</h2><p>Roblox operates a platform where players can virtually interact with each other and the environment -- in other words, a metaverse. It has grown to boast 53.1 million monthly active users as of April, a 23% increase over the prior year. It&#39;s free to join and use, for the most part. Roblox makes money by selling Robux, an in-game currency required for premium items.</p><p><img src=\"https://static.tigerbbs.com/41dba3bfc24e0008f46b2d5f11c3d729\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"/></p><p>RBLX Cash from Operations (Annual) data by YCharts</p><p>Roblox has chosen to outsource those creations, a business model that has helped it deliver robust cash flows for the last two years. Roblox thrived at the pandemic&#39;s onset, when millions of kids -- its most popular cohort -- were spending more time at home. Economic reopening is creating headwinds for Roblox, which, in addition to the growth stock sell-off, has caused its stock to crater. Selling at a P/FCF multiple of 31, it&#39;s nearly the cheapest it&#39;s ever been.</p><h2>Airbnb offers travelers more options</h2><p>Like Roblox, Airbnb runs an asset-light business model that has been helpful to its ability to generate free cash flow. Instead of building, owning, and operating the listings on its platform, Airbnb induces others to list rentals. Airbnb takes a percentage of the booking value of each transaction on its website.</p><p>Additionally, by letting hosts list properties on the platform, Airbnb sources a unique set of properties unavailable from traditional hotels. This means that on Airbnb, travelers can book a room inside an apartment or an entire home, depending on their needs for the particular stay. Revenue exploded by 77% for Airbnb in 2021, highlighting that it is gaining favor with travelers.</p><p><img src=\"https://static.tigerbbs.com/31c12d6f879a7c7be09c0774ae36e3fc\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"/></p><p>ABNB Cash from Operations (Annual) data by YCharts</p><p>Also like Roblox, Airbnb is trading near its lowest P/FCF multiple at 25.</p><h2>Robust growth at an excellent price</h2><p>Each of the three stocks mentioned above has delivered excellent growth, indicating continued expansion in future years. Fortunately or unfortunately, depending on your perspective as a shareholder or potential investor, the growth stock sell-off has these businesses trading at substantial discounts to where they were only months ago.</p><p>They could become even better values if a further crash pushes prices still lower. Investors should put Apple, Roblox, and Airbnb on their watch lists and consider adding them to their portfolios in the event of a continued market slide.</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 Unstoppable Growth Stocks to Buy in the  Stock Market Sell-Off</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Unstoppable Growth Stocks to Buy in the  Stock Market Sell-Off\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-12 11:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/06/11/3-unstoppable-growth-stocks-to-buy-in-the-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Growth stocks are falling out of favor with investors in 2022. Interest rates are rising quickly, a trend that makes the present value of future cash flows worth less.Despite how the market feels ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/06/11/3-unstoppable-growth-stocks-to-buy-in-the-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ABNB":"爱彼迎","AAPL":"苹果","RBLX":"Roblox Corporation"},"source_url":"https://www.fool.com/investing/2022/06/11/3-unstoppable-growth-stocks-to-buy-in-the-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2242669765","content_text":"Growth stocks are falling out of favor with investors in 2022. Interest rates are rising quickly, a trend that makes the present value of future cash flows worth less.Despite how the market feels about growth stocks, Apple, Roblox, and Airbnb are operating excellent businesses that seem unstoppable. Their stocks are already trading at discounts after the sell-off. Investors should consider adding these three growth stocks if the market crash gains further momentum. Here's why.Apple has decades of proven innovationApple's business is centered around a unique capability to deliver innovative consumer technology products that drive billions in sales -- starting with the Mac computer, iPod, iPhone, iPad, Apple Watch, AirPods, and more. What's important for investors is that it has repeatedly proven that it can innovate. That makes it likely it can sustain robust revenue and profitability for the long term.AAPL PE Ratio data by YChartsFrom 2019 to 2021, Apple's sales bounced from $260 billion to $366 billion while growing earnings per share from $2.97 to $5.61. Apple is trading at a price-to-earnings ratio of 22 and a price-to-free-cash-flow (P/FCF) multiple of 21.Roblox is a pioneer of the metaverseRoblox operates a platform where players can virtually interact with each other and the environment -- in other words, a metaverse. It has grown to boast 53.1 million monthly active users as of April, a 23% increase over the prior year. It's free to join and use, for the most part. Roblox makes money by selling Robux, an in-game currency required for premium items.RBLX Cash from Operations (Annual) data by YChartsRoblox has chosen to outsource those creations, a business model that has helped it deliver robust cash flows for the last two years. Roblox thrived at the pandemic's onset, when millions of kids -- its most popular cohort -- were spending more time at home. Economic reopening is creating headwinds for Roblox, which, in addition to the growth stock sell-off, has caused its stock to crater. Selling at a P/FCF multiple of 31, it's nearly the cheapest it's ever been.Airbnb offers travelers more optionsLike Roblox, Airbnb runs an asset-light business model that has been helpful to its ability to generate free cash flow. Instead of building, owning, and operating the listings on its platform, Airbnb induces others to list rentals. Airbnb takes a percentage of the booking value of each transaction on its website.Additionally, by letting hosts list properties on the platform, Airbnb sources a unique set of properties unavailable from traditional hotels. This means that on Airbnb, travelers can book a room inside an apartment or an entire home, depending on their needs for the particular stay. Revenue exploded by 77% for Airbnb in 2021, highlighting that it is gaining favor with travelers.ABNB Cash from Operations (Annual) data by YChartsAlso like Roblox, Airbnb is trading near its lowest P/FCF multiple at 25.Robust growth at an excellent priceEach of the three stocks mentioned above has delivered excellent growth, indicating continued expansion in future years. Fortunately or unfortunately, depending on your perspective as a shareholder or potential investor, the growth stock sell-off has these businesses trading at substantial discounts to where they were only months ago.They could become even better values if a further crash pushes prices still lower. Investors should put Apple, Roblox, and Airbnb on their watch lists and consider adding them to their portfolios in the event of a continued market slide.","news_type":1},"isVote":1,"tweetType":1,"viewCount":25,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188722232,"gmtCreate":1623462853526,"gmtModify":1704204271779,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559357742503712","authorIdStr":"3559357742503712"},"themes":[],"htmlText":"gogogo&nbsp;","listText":"gogogo&nbsp;","text":"gogogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/188722232","repostId":"2142204074","repostType":4,"repost":{"id":"2142204074","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623441637,"share":"https://ttm.financial/m/news/2142204074?lang=&edition=fundamental","pubTime":"2021-06-12 04:00","market":"us","language":"en","title":"S&P ekes out gains to close languid week","url":"https://stock-news.laohu8.com/highlight/detail?id=2142204074","media":"Reuters","summary":"NEW YORK, June 11  - The S&P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.Economically sensitive smallcaps and transports notched solid gains, outperforming the broader market.For the week, the S&P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.But th","content":"<p>NEW YORK, June 11 (Reuters) - The S&amp;P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.</p>\n<p>Economically sensitive smallcaps and transports&nbsp;notched solid gains, outperforming the broader market.</p>\n<p>For the week, the S&amp;P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.</p>\n<p>But the indexes have been range-bound, with few catalysts to move investor sentiment. Much of the focus centered on Thursday's consumer price data, which eased jitters over the duration of the current inflation wave.</p>\n<p>\"It’s a muted day today,\" Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. \"The summer is settling in, people are slipping out of work early and there’s nothing in the news that’s going to materially drive the market in either direction.\"</p>\n<p>\"So, investors are going to wait until earnings season.\"</p>\n<p>The Federal Reserve has repeatedly said that near-term price surges will not metastasize into lasting inflation, an assertion reflected in the University of Michigan's Consumer Sentiment report released on Friday, which showed inflation expectations easing from last month's spike.</p>\n<p>Investors now turn their attention to the Fed's statement at the conclusion of next week's two-day monetary policy meeting, which will be parsed for clues regarding the central bank's timetable for raising key interest rates.</p>\n<p>\"Our view continues to be that inflationary data is transient and we will be around the 2% mark for the year,\" Pursche added.</p>\n<p>Benchmark U.S. Treasury yields posted their biggest weekly drop in nearly a year, weighing on the interest-sensitive financial sector in recent sessions.</p>\n<p>The Food and Drug Administration is facing mounting criticism over its \"accelerated approval\" of Biogen Inc's</p>\n<p>Alzheimer's drug Aduhelm without strong evidence of its ability to combat the disease.</p>\n<p>Biogen shares, along with the broader healthcare sector&nbsp;ended the session lower.</p>\n<p>Unofficially, the Dow Jones Industrial Average rose 14.41 points, or 0.04%, to 34,480.65, the S&amp;P 500 gained 8.29 points, or 0.20%, to 4,247.47 and the Nasdaq Composite&nbsp;added 49.09 points, or 0.35%, to 14,069.42.</p>\n<p>Among the 11 major sectors in the S&amp;P 500, healthcare suffered the biggest percentage drop.</p>\n<p>Much of the trading volume this week was attributable to the ongoing social media-driven \"meme stock\" phenomenon, in which retail investors swarm around heavily shorted stocks.</p>\n<p>But meme stock moves were more muted on Friday, with AMC Entertainment outperforming.</p>\n<p>(Reporting by Stephen Culp in New York Additional reporting by Ambar Warrick and Devik Jain in Bengaluru Editing by Matthew Lewis and Cynthia Osterman)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P ekes out gains to close languid week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P ekes out gains to close languid week\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-12 04:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW YORK, June 11 (Reuters) - The S&amp;P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.</p>\n<p>Economically sensitive smallcaps and transports&nbsp;notched solid gains, outperforming the broader market.</p>\n<p>For the week, the S&amp;P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.</p>\n<p>But the indexes have been range-bound, with few catalysts to move investor sentiment. Much of the focus centered on Thursday's consumer price data, which eased jitters over the duration of the current inflation wave.</p>\n<p>\"It’s a muted day today,\" Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. \"The summer is settling in, people are slipping out of work early and there’s nothing in the news that’s going to materially drive the market in either direction.\"</p>\n<p>\"So, investors are going to wait until earnings season.\"</p>\n<p>The Federal Reserve has repeatedly said that near-term price surges will not metastasize into lasting inflation, an assertion reflected in the University of Michigan's Consumer Sentiment report released on Friday, which showed inflation expectations easing from last month's spike.</p>\n<p>Investors now turn their attention to the Fed's statement at the conclusion of next week's two-day monetary policy meeting, which will be parsed for clues regarding the central bank's timetable for raising key interest rates.</p>\n<p>\"Our view continues to be that inflationary data is transient and we will be around the 2% mark for the year,\" Pursche added.</p>\n<p>Benchmark U.S. Treasury yields posted their biggest weekly drop in nearly a year, weighing on the interest-sensitive financial sector in recent sessions.</p>\n<p>The Food and Drug Administration is facing mounting criticism over its \"accelerated approval\" of Biogen Inc's</p>\n<p>Alzheimer's drug Aduhelm without strong evidence of its ability to combat the disease.</p>\n<p>Biogen shares, along with the broader healthcare sector&nbsp;ended the session lower.</p>\n<p>Unofficially, the Dow Jones Industrial Average rose 14.41 points, or 0.04%, to 34,480.65, the S&amp;P 500 gained 8.29 points, or 0.20%, to 4,247.47 and the Nasdaq Composite&nbsp;added 49.09 points, or 0.35%, to 14,069.42.</p>\n<p>Among the 11 major sectors in the S&amp;P 500, healthcare suffered the biggest percentage drop.</p>\n<p>Much of the trading volume this week was attributable to the ongoing social media-driven \"meme stock\" phenomenon, in which retail investors swarm around heavily shorted stocks.</p>\n<p>But meme stock moves were more muted on Friday, with AMC Entertainment outperforming.</p>\n<p>(Reporting by Stephen Culp in New York Additional reporting by Ambar Warrick and Devik Jain in Bengaluru Editing by Matthew Lewis and Cynthia Osterman)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SDOW":"道指三倍做空ETF-ProShares","DDM":"道指两倍做多ETF","SDS":"两倍做空标普500ETF","TQQQ":"纳指三倍做多ETF","QQQ":"纳指100ETF","QLD":"纳指两倍做多ETF","DOG":"道指反向ETF","DJX":"1/100道琼斯","UDOW":"道指三倍做多ETF-ProShares","UPRO":"三倍做多标普500ETF","QID":"纳指两倍做空ETF","SH":"标普500反向ETF","IVV":"标普500指数ETF","SSO":"两倍做多标普500ETF",".SPX":"S&P 500 Index","SPXU":"三倍做空标普500ETF","OEX":"标普100","OEF":"标普100指数ETF-iShares",".IXIC":"NASDAQ Composite","SQQQ":"纳指三倍做空ETF",".DJI":"道琼斯","DXD":"道指两倍做空ETF","PSQ":"纳指反向ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142204074","content_text":"NEW YORK, June 11 (Reuters) - The S&P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.\nEconomically sensitive smallcaps and transports notched solid gains, outperforming the broader market.\nFor the week, the S&P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.\nBut the indexes have been range-bound, with few catalysts to move investor sentiment. Much of the focus centered on Thursday's consumer price data, which eased jitters over the duration of the current inflation wave.\n\"It’s a muted day today,\" Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. \"The summer is settling in, people are slipping out of work early and there’s nothing in the news that’s going to materially drive the market in either direction.\"\n\"So, investors are going to wait until earnings season.\"\nThe Federal Reserve has repeatedly said that near-term price surges will not metastasize into lasting inflation, an assertion reflected in the University of Michigan's Consumer Sentiment report released on Friday, which showed inflation expectations easing from last month's spike.\nInvestors now turn their attention to the Fed's statement at the conclusion of next week's two-day monetary policy meeting, which will be parsed for clues regarding the central bank's timetable for raising key interest rates.\n\"Our view continues to be that inflationary data is transient and we will be around the 2% mark for the year,\" Pursche added.\nBenchmark U.S. Treasury yields posted their biggest weekly drop in nearly a year, weighing on the interest-sensitive financial sector in recent sessions.\nThe Food and Drug Administration is facing mounting criticism over its \"accelerated approval\" of Biogen Inc's\nAlzheimer's drug Aduhelm without strong evidence of its ability to combat the disease.\nBiogen shares, along with the broader healthcare sector ended the session lower.\nUnofficially, the Dow Jones Industrial Average rose 14.41 points, or 0.04%, to 34,480.65, the S&P 500 gained 8.29 points, or 0.20%, to 4,247.47 and the Nasdaq Composite added 49.09 points, or 0.35%, to 14,069.42.\nAmong the 11 major sectors in the S&P 500, healthcare suffered the biggest percentage drop.\nMuch of the trading volume this week was attributable to the ongoing social media-driven \"meme stock\" phenomenon, in which retail investors swarm around heavily shorted stocks.\nBut meme stock moves were more muted on Friday, with AMC Entertainment outperforming.\n(Reporting by Stephen Culp in New York Additional reporting by Ambar Warrick and Devik Jain in Bengaluru Editing by Matthew Lewis and Cynthia Osterman)","news_type":1},"isVote":1,"tweetType":1,"viewCount":200,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":136208628,"gmtCreate":1622017686264,"gmtModify":1704366157725,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559357742503712","authorIdStr":"3559357742503712"},"themes":[],"htmlText":"Next is a push in stock price?&nbsp;","listText":"Next is a push in stock price?&nbsp;","text":"Next is a push in stock price?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/136208628","repostId":"1150713912","repostType":4,"repost":{"id":"1150713912","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":1622016404,"share":"https://ttm.financial/m/news/1150713912?lang=&edition=fundamental","pubTime":"2021-05-26 16:06","market":"us","language":"en","title":"Li Auto EPS beats by $0.01, beats on revenue","url":"https://stock-news.laohu8.com/highlight/detail?id=1150713912","media":"Tiger Newspress","summary":"(May 26) Li Auto Inc. (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announc","content":"<p>(May 26)&nbsp;Li Auto Inc. (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced its unaudited financial results for the first quarter ended March&nbsp;31, 2021.</p><ul><li>Li Q1 Non-GAAP EPS of -$0.03 <b>beats</b> by $0.01; GAAP EPS of -$0.06 <b>misses</b> by $0.05.</li><li>Revenue of $545.7M (+319.8% Y/Y)&nbsp;<b>beats</b> by $42.26M.</li><li>Quarterly total revenues reached RMB3.58 billion (US$545.7 million)1Quarterly deliveries were 12,579 vehicles</li><li>Quarterly gross margin reached 17.3%.</li><li><b>Q2 Outlook</b>:&nbsp;Total revenues to be between RMB3.99B ($609M) and RMB4.27B ($651.7M), consensus $663.51, representing an increase of 104.6% to 119.0% from Q2 2020.</li><li>Deliveries of vehicles to be between 14,500 and 15,500 vehicles, representing an increase of 119.6% to 134.7% from Q2 2020.</li></ul><p><img src=\"https://static.tigerbbs.com/ff735550080b330b011ba4dbd0dedb68\" tg-width=\"662\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p><b>Operating Highlights for the First Quarter of 2021</b></p><ul><li>Deliveries of Li ONEs were 12,579 vehicles in the first quarter of 2021, representing a 334.4% year-over-year increase.</li></ul><p><img src=\"https://static.tigerbbs.com/637a5f62341f333ae7dc2317c883b83a\" tg-width=\"609\" tg-height=\"193\" referrerpolicy=\"no-referrer\"></p><ul><li>As of March 31, 2021, the Company had 65 retail stores covering 49 cities and 135 servicing centers and Li Auto-authorized body and paint shops operating in 98 cities.</li></ul><p><b>Financial Highlights for the First Quarter of 2021</b></p><ul><li>Vehicle sales were RMB3.46 billion (US$528.7 million) in the first quarter of 2021, representing an increase of 311.8% from RMB841.1 million in the first quarter of 2020 and a decrease of 14.6% from RMB4.06 billion in the fourth quarter of 2020.</li><li>Vehicle margin2was 16.9% in the first quarter of 2021, compared with 8.4% in the first quarter of 2020 and 17.1% in the fourth quarter of 2020.</li><li>Total revenues were RMB3.58 billion (US$545.7 million) in the first quarter of 2021, representing an increase of 319.8% from RMB851.7 million in the first quarter of 2020 and a decrease of 13.8% from RMB4.15 billion in the fourth quarter of 2020.</li><li>Gross profit was RMB616.7 million (US$94.1 million) in the first quarter of 2021, representing an increase of 802.9% from RMB68.3 million in the first quarter of 2020 and a decrease of 14.9% from RMB724.6 million in the fourth quarter of 2020.</li><li>Gross margin was 17.3% in the first quarter of 2021, compared with 8.0% in the first quarter of 2020 and 17.5% in the fourth quarter of 2020.</li><li>Loss from operations was RMB407.7 million (US$62.2 million) in the first quarter of 2021, representing an increase of 74.1% from RMB234.2 million in the first quarter of 2020 and an increase of 416.7% from RMB78.9 million in the fourth quarter of 2020. Non-GAAP loss from operations3was RMB224.8 million (US$34.3 million) in the first quarter of 2021, representing a decrease of 4.0% from RMB234.2 million in the first quarter of 2020 and an increase of 216.2% from RMB71.1 million in the fourth quarter of 2020.</li><li>Net loss was RMB360.0 million (US$54.9 million) in the first quarter of 2021, compared with RMB77.1 million net loss in the first quarter of 2020 and RMB107.5 million net income in the fourth quarter of 2020. Non-GAAP net loss3was RMB177.0 million (US$27.0 million) in the first quarter of 2021, compared with RMB253.4 million net loss in the first quarter of 2020 and RMB115.4 million net income in the fourth quarter of 2020.</li><li>Operating cash flow was RMB926.3 million (US$141.4 million) in the first quarter of 2021, representing an increase of RMB989.3 million from negative net cash flow of RMB63.0 million in the first quarter of 2020 and a decrease of 49.1% from RMB1.82 billion in the fourth quarter of 2020.</li><li>Free cash flow4was RMB570.2 million (US$87.0 million) in the first quarter of 2021, representing an increase of RMB755.4 million from negative net cash flow of RMB185.2 million in the first quarter of 2020 and a decrease of 64.3% from RMB1.60 billion in the fourth quarter of 2020.</li></ul><p><img src=\"https://static.tigerbbs.com/de30e1ac5d69693451c6d4e9f4b33061\" tg-width=\"997\" tg-height=\"536\" referrerpolicy=\"no-referrer\"></p><p><b>Deliveries Update</b></p><ul><li>In April 2021, the Company delivered 5,539 Li ONEs, representing a 111.3% increase compared to April 2020. As of April 30, 2021, the Company had 73 retail stores covering 53 cities, in addition to 143 servicing centers and Li Auto-authorized body and paint shops operating in 105 cities.</li></ul><p><b>Issuance of Convertible Senior Notes</b></p><ul><li>In April 2021, the Company completed the offering of US$862.5 million in aggregate principal amount of its 0.25% convertible senior notes due 2028 (the “Notes”), which included the exercise in full by the initial purchasers in the Notes offering of their option to purchase up to an additional US$112.5 million in aggregate principal amount of the Notes.</li><li>The Company plans to use the net proceeds from the Notes offering for (i) research and development of new vehicle models, including BEV models, (ii) research and development of leading technologies, and (iii) working capital and other general corporate purposes.</li></ul><p><b>2021 Li ONE</b></p><ul><li>On May 25, 2021, the Company officially released the 2021 Li ONE, the first vehicle with Navigation on ADAS (NOA) as a standard configuration in the world. It features comprehensive upgrades, including an enhanced NEDC range of 1,080 kilometers, optimized mobility comfort, and more intelligent cockpit, bringing premium features to users at a flat retail price of RMB338,000. Deliveries of the 2021 Li ONE will commence on June 1, 2021.</li><li>With software and hardware optimization and its integrated powertrain system, the 2021 Li ONE can achieve an NEDC range of 1,080 kilometers and a WLTC range of 890 kilometers. Its energy efficiency in fuel mode is 6.05 liter per 100 kilometers based on the NEDC standard operational condition, best in class among large-sized four-wheel drive SUVs.</li></ul><p><b>CEO and CFO Comments</b></p><p>Mr.Xiang Li, founder, chairman, and chief executive officer of Li Auto, commented, “We delivered 12,579 Li ONEs during the quarter, up 334.4% year over year. Li ONE was the second best-selling new energy SUV inChinain the first quarter as our compelling product offering and superior user experience continued to delight users and boost brand awareness, while the unwavering support of our direct sales and servicing network underpinned our growth.</p><p>“On May 25, we released our 2021 Li ONE. The model has elevated the extended range electric technology to a brand-new level, achieving an NEDC range of 1,080 kilometers and a WLTC range of 890 kilometers. Its energy efficiency in the fuel mode takes consumption as low as 6.05 liter per 100 kilometers based on the NEDC standard operational condition, a level that is unparalleled among large-sized four-wheel drive SUVs. I am very proud of our R&amp;D team’s successful efforts to improve the range-extended technology.</p><p>“The 2021 Li ONE is the first model in the world offering Navigation on ADAS in a standard configuration. Combining our self-developed ADAS with dedicated dual Horizon Robotics Journey 3 processors, an 8-megapixel front-view camera, 5 latest millimeter-wave radars, and high-definition maps, the 2021 Li ONE delivers a safer, easier, and more convenient driving experience, echoing our belief that active safety should be standard, not optional features.</p><p>“Li ONE has been well loved by family users for its spacious six-seat interior layout. And the 2021 Li ONE enhances its excellence in space, comfort, and intelligence by equipping the front and second row seats with lumbar massage functions, increasing the leg room in the third row by 41 millimeters, while also featuring a smarter in-car voice assistant ‘LiXiang Tong Xue(理想同学),’ providing a high caliber and overall more comfortable, roomier, and more intelligent space for more families.</p><p>“Is it possible to build a smart electric vehicle that makes families happier? With the 2021 Li ONE, we can confidently say yes, a resounding yes!” concludedMr. Li.</p><p>Mr.Tie Li, chief financial officer of Li Auto, added, “We are pleased with our healthy financial performance during the first quarter. Our total revenues reached RMB3.58 billion, more than quadrupling from the first quarter of 2020 and exceeding the top end of our revenue guidance by 11.2%, while our gross margin stayed robust at 17.3%. Amid our ongoing efforts to enhance investment in R&amp;D as well as our direct sales and servicing network, operating expenses increased 27.5% quarter-over-quarter and 238.6% year-over-year. We also raised over US$840 million in net proceeds through our successful convertible senior notes offering, strengthening our capital base for future growth as we increase our R&amp;D investments in leading technologies, prepare for new model launches, and gear up for further increases in demand.”</p><p><b><u>Financial Results for the First Quarter of 2021</u></b></p><p><b>Revenues</b></p><ul><li><b>Total revenues</b>were RMB3.58 billion (US$545.7 million) in the first quarter of 2021, representing an increase of 319.8% from RMB851.7 million in the first quarter of 2020 and a decrease of 13.8% from RMB4.15 billion in the fourth quarter of 2020.</li><li><b>Vehicle sales</b>were RMB3.46 billion (US$528.7 million) in the first quarter of 2021, representing an increase of 311.8% from RMB841.1 million in the first quarter of 2020 and a decrease of 14.6% from RMB4.06 billion in the fourth quarter of 2020. The increase in revenue from vehicle sales over the first quarter of 2020 was mainly attributable to the increase in vehicle deliveries with the continuous expansion of our sales network. The decrease in revenue from vehicle sales from the fourth quarter of 2020 was mainly attributable to the decrease in vehicle deliveries, which were affected by seasonal factors related to the Chinese New Year holiday as well as the localized COVID-19 outbreaks in the northern China in February 2021.</li><li><b>Other sales and services</b>were RMB111.5 million (US$17.0 million) in the first quarter of 2021, representing an increase of 951.9% from RMB10.6 million in the first quarter of 2020 and an increase of 25.0% from RMB89.2 million in the fourth quarter of 2020. The increase in revenue from other sales and services over the first and fourth quarter of 2020 was mainly attributable to increased sales of charging stalls, accessories and services in line with higher accumulated vehicle sales.</li></ul><p><b>Cost of Sales and Gross Margin</b></p><ul><li><b>Cost of sales</b>was RMB2.96 billion (US$451.6 million) in the first quarter of 2021, representing an increase of 277.6% from RMB783.4 million in the first quarter of 2020 and a decrease of 13.5% from RMB3.42 billion in the fourth quarter of 2020.</li><li><b>Gross profit</b>was RMB616.7 million (US$94.1 million) in the first quarter of 2021, representing an increase of 802.9% from RMB 68.3 million in the first quarter of 2020 and a decrease of 14.9% from RMB724.6 million in the fourth quarter of 2020.</li><li><b>Vehicle margin</b>was 16.9% in the first quarter of 2021, compared with 8.4% in the first quarter of 2020 and 17.1% in the fourth quarter of 2020. The increase in vehicle margin over the first quarter of 2020 was primarily attributable to lower material cost and lower unit manufacturing overhead cost derived from the increased production volume. The slight decrease in vehicle margin from the fourth quarter of 2020 was primarily due to lower average selling price caused by promotional activities launched in the first quarter of 2021, partially offset by the decreased material cost.</li><li><b>Gross margin</b>was 17.3% in the first quarter of 2021, compared with 8.0% in the first quarter of 2020 and 17.5% in the fourth quarter of 2020, which was mainly driven by the change of vehicle margin.</li></ul><p><b>Operating Expenses</b></p><ul><li><b>Operating expenses</b>were RMB1.02 billion (US$156.4 million) in the first quarter of 2021, representing an increase of 238.6% from RMB302.5 million in the first quarter of 2020 and an increase of 27.5% from RMB803.5 million in the fourth quarter of 2020.</li><li><b>Research and development expenses</b>were RMB514.5 million (US$78.5 million) in the first quarter of 2021, representing an increase of 171.2% from RMB189.7 million in the first quarter of 2020 and an increase of 37.5% from RMB374.2 million in the fourth quarter of 2020.<b>Non-GAAP research and development expenses</b>3were RMB397.9 million (US$60.7 million) in the first quarter of 2021, representing an increase of 109.8% from RMB189.7 million in the first quarter of 2020 and an increase of 7.8% from RMB369.1 million in the fourth quarter of 2020. The increase in research and development expenses over the first and fourth quarter of 2020 was primarily attributable to (i) increased share-based compensation expenses derived from incremental share options granted with higher fair value in January 2021 while no share-based compensation expenses were recognized for stock options with service conditions and a performance condition related to our IPO in the first quarter of 2020, (ii) increased research and development activities for the Company’s next vehicle models, and (iii) increased headcount.</li><li><b>Selling, general and administrative expenses</b>were RMB509.9 million (US$77.8 million) in the first quarter of 2021, representing an increase of 352.0% from RMB112.8 million in the first quarter of 2020 and an increase of 18.8% from RMB429.3 million in the fourth quarter of 2020.<b>Non-GAAP selling, general and administrative expenses</b>3were RMB449.8 million (US$68.7 million) in the first quarter of 2021, representing an increase of 298.8% from RMB112.8 million in the first quarter of 2020 and an increase of 5.4% from RMB426.8 million in the fourth quarter of 2020. The increase in selling, general and administrative expenses over the first and fourth quarter of 2020 was primarily driven by (i) increased marketing and promotional activities, (ii) increased headcount and rental expenses with the expansion of the Company’s sales network, and (iii) increased share-based compensation expenses.</li></ul><p><b>Loss from Operations</b></p><ul><li><b>Loss from operations</b>was RMB407.7 million (US$62.2 million) in the first quarter of 2021, representing an increase of 74.1% from RMB234.2 million in the first quarter of 2020 and an increase of 416.7% from RMB78.9 million in the fourth quarter of 2020.<b>Non-GAAP loss from operations</b>was RMB224.8 million (US$34.3 million) in the first quarter of 2021, representing a decrease of 4.0% from RMB234.2 million in the first quarter of 2020 and an increase of 216.2% from RMB71.1 million in the fourth quarter of 2020.</li></ul><p><b>Net Loss and Earnings Per Share</b></p><ul><li><b>Net loss</b>was RMB360.0 million (US$54.9 million) in the first quarter of 2021, compared with RMB77.1 million net loss in the first quarter of 2020 and RMB107.5 million net income in the fourth quarter of 2020.<b>Non-GAAP net loss</b>was RMB177.0 million (US$27.0 million) in the first quarter of 2021, compared with RMB253.4 million net loss in the first quarter of 2020 and RMB115.4 million net income in the fourth quarter of 2020.</li><li><b>Basic and diluted net loss per ADS6attributable to ordinary shareholders</b>were both RMB0.40 (US$0.06) in the first quarter of 2021.<b>Non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders</b>3were both RMB0.20 (US$0.03) in the first quarter of 2021.</li></ul><p><b>Cash position, Operating Cash Flow and Free Cash Flow</b></p><ul><li><b>Balance of cash and cash equivalents, restricted cash, time deposits and short-term investments</b>was RMB30.36 billion (US$4.63 billion) as of March 31, 2021.</li><li><b>Operating cash flow</b>was RMB926.3 million (US$141.4 million) in the first quarter of 2021, representing an increase of RMB989.3 million from negative net cash flow of RMB63.0 million in the first quarter of 2020 and a decrease of 49.1% from RMB1.82 billion in the fourth quarter of 2020.</li><li><b>Free cash flow</b>was RMB570.2 million (US$87.0 million) in the first quarter of 2021, representing an increase of RMB755.4 million from negative net cash flow of RMB185.2 million in the first quarter of 2020 and a decrease of 64.3% from RMB1.60 billion in the fourth quarter of 2020.</li></ul><p><b><u>Business Outlook</u></b></p><p>For the second quarter of 2021, the Company expects:</p><ul><li><b>Deliveries of vehicles</b>to be between 14,500 and 15,500 vehicles, representing an increase of 119.6% to 134.7% from the second quarter of 2020.</li><li><b>Total revenues</b>to be between RMB3.99 billion (US$609.0 million) and RMB4.27 billion (US$651.7 million), representing an increase of 104.6% to 119.0% from the second quarter of 2020.</li></ul><p>This business outlook reflects the Company’s current and preliminary view on the business situation and market condition, which is subject to change.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Li Auto EPS beats by $0.01, beats on revenue</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\">\nLi Auto EPS beats by $0.01, beats on revenue\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-26 16:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(May 26)&nbsp;Li Auto Inc. (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced its unaudited financial results for the first quarter ended March&nbsp;31, 2021.</p><ul><li>Li Q1 Non-GAAP EPS of -$0.03 <b>beats</b> by $0.01; GAAP EPS of -$0.06 <b>misses</b> by $0.05.</li><li>Revenue of $545.7M (+319.8% Y/Y)&nbsp;<b>beats</b> by $42.26M.</li><li>Quarterly total revenues reached RMB3.58 billion (US$545.7 million)1Quarterly deliveries were 12,579 vehicles</li><li>Quarterly gross margin reached 17.3%.</li><li><b>Q2 Outlook</b>:&nbsp;Total revenues to be between RMB3.99B ($609M) and RMB4.27B ($651.7M), consensus $663.51, representing an increase of 104.6% to 119.0% from Q2 2020.</li><li>Deliveries of vehicles to be between 14,500 and 15,500 vehicles, representing an increase of 119.6% to 134.7% from Q2 2020.</li></ul><p><img src=\"https://static.tigerbbs.com/ff735550080b330b011ba4dbd0dedb68\" tg-width=\"662\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p><b>Operating Highlights for the First Quarter of 2021</b></p><ul><li>Deliveries of Li ONEs were 12,579 vehicles in the first quarter of 2021, representing a 334.4% year-over-year increase.</li></ul><p><img src=\"https://static.tigerbbs.com/637a5f62341f333ae7dc2317c883b83a\" tg-width=\"609\" tg-height=\"193\" referrerpolicy=\"no-referrer\"></p><ul><li>As of March 31, 2021, the Company had 65 retail stores covering 49 cities and 135 servicing centers and Li Auto-authorized body and paint shops operating in 98 cities.</li></ul><p><b>Financial Highlights for the First Quarter of 2021</b></p><ul><li>Vehicle sales were RMB3.46 billion (US$528.7 million) in the first quarter of 2021, representing an increase of 311.8% from RMB841.1 million in the first quarter of 2020 and a decrease of 14.6% from RMB4.06 billion in the fourth quarter of 2020.</li><li>Vehicle margin2was 16.9% in the first quarter of 2021, compared with 8.4% in the first quarter of 2020 and 17.1% in the fourth quarter of 2020.</li><li>Total revenues were RMB3.58 billion (US$545.7 million) in the first quarter of 2021, representing an increase of 319.8% from RMB851.7 million in the first quarter of 2020 and a decrease of 13.8% from RMB4.15 billion in the fourth quarter of 2020.</li><li>Gross profit was RMB616.7 million (US$94.1 million) in the first quarter of 2021, representing an increase of 802.9% from RMB68.3 million in the first quarter of 2020 and a decrease of 14.9% from RMB724.6 million in the fourth quarter of 2020.</li><li>Gross margin was 17.3% in the first quarter of 2021, compared with 8.0% in the first quarter of 2020 and 17.5% in the fourth quarter of 2020.</li><li>Loss from operations was RMB407.7 million (US$62.2 million) in the first quarter of 2021, representing an increase of 74.1% from RMB234.2 million in the first quarter of 2020 and an increase of 416.7% from RMB78.9 million in the fourth quarter of 2020. Non-GAAP loss from operations3was RMB224.8 million (US$34.3 million) in the first quarter of 2021, representing a decrease of 4.0% from RMB234.2 million in the first quarter of 2020 and an increase of 216.2% from RMB71.1 million in the fourth quarter of 2020.</li><li>Net loss was RMB360.0 million (US$54.9 million) in the first quarter of 2021, compared with RMB77.1 million net loss in the first quarter of 2020 and RMB107.5 million net income in the fourth quarter of 2020. Non-GAAP net loss3was RMB177.0 million (US$27.0 million) in the first quarter of 2021, compared with RMB253.4 million net loss in the first quarter of 2020 and RMB115.4 million net income in the fourth quarter of 2020.</li><li>Operating cash flow was RMB926.3 million (US$141.4 million) in the first quarter of 2021, representing an increase of RMB989.3 million from negative net cash flow of RMB63.0 million in the first quarter of 2020 and a decrease of 49.1% from RMB1.82 billion in the fourth quarter of 2020.</li><li>Free cash flow4was RMB570.2 million (US$87.0 million) in the first quarter of 2021, representing an increase of RMB755.4 million from negative net cash flow of RMB185.2 million in the first quarter of 2020 and a decrease of 64.3% from RMB1.60 billion in the fourth quarter of 2020.</li></ul><p><img src=\"https://static.tigerbbs.com/de30e1ac5d69693451c6d4e9f4b33061\" tg-width=\"997\" tg-height=\"536\" referrerpolicy=\"no-referrer\"></p><p><b>Deliveries Update</b></p><ul><li>In April 2021, the Company delivered 5,539 Li ONEs, representing a 111.3% increase compared to April 2020. As of April 30, 2021, the Company had 73 retail stores covering 53 cities, in addition to 143 servicing centers and Li Auto-authorized body and paint shops operating in 105 cities.</li></ul><p><b>Issuance of Convertible Senior Notes</b></p><ul><li>In April 2021, the Company completed the offering of US$862.5 million in aggregate principal amount of its 0.25% convertible senior notes due 2028 (the “Notes”), which included the exercise in full by the initial purchasers in the Notes offering of their option to purchase up to an additional US$112.5 million in aggregate principal amount of the Notes.</li><li>The Company plans to use the net proceeds from the Notes offering for (i) research and development of new vehicle models, including BEV models, (ii) research and development of leading technologies, and (iii) working capital and other general corporate purposes.</li></ul><p><b>2021 Li ONE</b></p><ul><li>On May 25, 2021, the Company officially released the 2021 Li ONE, the first vehicle with Navigation on ADAS (NOA) as a standard configuration in the world. It features comprehensive upgrades, including an enhanced NEDC range of 1,080 kilometers, optimized mobility comfort, and more intelligent cockpit, bringing premium features to users at a flat retail price of RMB338,000. Deliveries of the 2021 Li ONE will commence on June 1, 2021.</li><li>With software and hardware optimization and its integrated powertrain system, the 2021 Li ONE can achieve an NEDC range of 1,080 kilometers and a WLTC range of 890 kilometers. Its energy efficiency in fuel mode is 6.05 liter per 100 kilometers based on the NEDC standard operational condition, best in class among large-sized four-wheel drive SUVs.</li></ul><p><b>CEO and CFO Comments</b></p><p>Mr.Xiang Li, founder, chairman, and chief executive officer of Li Auto, commented, “We delivered 12,579 Li ONEs during the quarter, up 334.4% year over year. Li ONE was the second best-selling new energy SUV inChinain the first quarter as our compelling product offering and superior user experience continued to delight users and boost brand awareness, while the unwavering support of our direct sales and servicing network underpinned our growth.</p><p>“On May 25, we released our 2021 Li ONE. The model has elevated the extended range electric technology to a brand-new level, achieving an NEDC range of 1,080 kilometers and a WLTC range of 890 kilometers. Its energy efficiency in the fuel mode takes consumption as low as 6.05 liter per 100 kilometers based on the NEDC standard operational condition, a level that is unparalleled among large-sized four-wheel drive SUVs. I am very proud of our R&amp;D team’s successful efforts to improve the range-extended technology.</p><p>“The 2021 Li ONE is the first model in the world offering Navigation on ADAS in a standard configuration. Combining our self-developed ADAS with dedicated dual Horizon Robotics Journey 3 processors, an 8-megapixel front-view camera, 5 latest millimeter-wave radars, and high-definition maps, the 2021 Li ONE delivers a safer, easier, and more convenient driving experience, echoing our belief that active safety should be standard, not optional features.</p><p>“Li ONE has been well loved by family users for its spacious six-seat interior layout. And the 2021 Li ONE enhances its excellence in space, comfort, and intelligence by equipping the front and second row seats with lumbar massage functions, increasing the leg room in the third row by 41 millimeters, while also featuring a smarter in-car voice assistant ‘LiXiang Tong Xue(理想同学),’ providing a high caliber and overall more comfortable, roomier, and more intelligent space for more families.</p><p>“Is it possible to build a smart electric vehicle that makes families happier? With the 2021 Li ONE, we can confidently say yes, a resounding yes!” concludedMr. Li.</p><p>Mr.Tie Li, chief financial officer of Li Auto, added, “We are pleased with our healthy financial performance during the first quarter. Our total revenues reached RMB3.58 billion, more than quadrupling from the first quarter of 2020 and exceeding the top end of our revenue guidance by 11.2%, while our gross margin stayed robust at 17.3%. Amid our ongoing efforts to enhance investment in R&amp;D as well as our direct sales and servicing network, operating expenses increased 27.5% quarter-over-quarter and 238.6% year-over-year. We also raised over US$840 million in net proceeds through our successful convertible senior notes offering, strengthening our capital base for future growth as we increase our R&amp;D investments in leading technologies, prepare for new model launches, and gear up for further increases in demand.”</p><p><b><u>Financial Results for the First Quarter of 2021</u></b></p><p><b>Revenues</b></p><ul><li><b>Total revenues</b>were RMB3.58 billion (US$545.7 million) in the first quarter of 2021, representing an increase of 319.8% from RMB851.7 million in the first quarter of 2020 and a decrease of 13.8% from RMB4.15 billion in the fourth quarter of 2020.</li><li><b>Vehicle sales</b>were RMB3.46 billion (US$528.7 million) in the first quarter of 2021, representing an increase of 311.8% from RMB841.1 million in the first quarter of 2020 and a decrease of 14.6% from RMB4.06 billion in the fourth quarter of 2020. The increase in revenue from vehicle sales over the first quarter of 2020 was mainly attributable to the increase in vehicle deliveries with the continuous expansion of our sales network. The decrease in revenue from vehicle sales from the fourth quarter of 2020 was mainly attributable to the decrease in vehicle deliveries, which were affected by seasonal factors related to the Chinese New Year holiday as well as the localized COVID-19 outbreaks in the northern China in February 2021.</li><li><b>Other sales and services</b>were RMB111.5 million (US$17.0 million) in the first quarter of 2021, representing an increase of 951.9% from RMB10.6 million in the first quarter of 2020 and an increase of 25.0% from RMB89.2 million in the fourth quarter of 2020. The increase in revenue from other sales and services over the first and fourth quarter of 2020 was mainly attributable to increased sales of charging stalls, accessories and services in line with higher accumulated vehicle sales.</li></ul><p><b>Cost of Sales and Gross Margin</b></p><ul><li><b>Cost of sales</b>was RMB2.96 billion (US$451.6 million) in the first quarter of 2021, representing an increase of 277.6% from RMB783.4 million in the first quarter of 2020 and a decrease of 13.5% from RMB3.42 billion in the fourth quarter of 2020.</li><li><b>Gross profit</b>was RMB616.7 million (US$94.1 million) in the first quarter of 2021, representing an increase of 802.9% from RMB 68.3 million in the first quarter of 2020 and a decrease of 14.9% from RMB724.6 million in the fourth quarter of 2020.</li><li><b>Vehicle margin</b>was 16.9% in the first quarter of 2021, compared with 8.4% in the first quarter of 2020 and 17.1% in the fourth quarter of 2020. The increase in vehicle margin over the first quarter of 2020 was primarily attributable to lower material cost and lower unit manufacturing overhead cost derived from the increased production volume. The slight decrease in vehicle margin from the fourth quarter of 2020 was primarily due to lower average selling price caused by promotional activities launched in the first quarter of 2021, partially offset by the decreased material cost.</li><li><b>Gross margin</b>was 17.3% in the first quarter of 2021, compared with 8.0% in the first quarter of 2020 and 17.5% in the fourth quarter of 2020, which was mainly driven by the change of vehicle margin.</li></ul><p><b>Operating Expenses</b></p><ul><li><b>Operating expenses</b>were RMB1.02 billion (US$156.4 million) in the first quarter of 2021, representing an increase of 238.6% from RMB302.5 million in the first quarter of 2020 and an increase of 27.5% from RMB803.5 million in the fourth quarter of 2020.</li><li><b>Research and development expenses</b>were RMB514.5 million (US$78.5 million) in the first quarter of 2021, representing an increase of 171.2% from RMB189.7 million in the first quarter of 2020 and an increase of 37.5% from RMB374.2 million in the fourth quarter of 2020.<b>Non-GAAP research and development expenses</b>3were RMB397.9 million (US$60.7 million) in the first quarter of 2021, representing an increase of 109.8% from RMB189.7 million in the first quarter of 2020 and an increase of 7.8% from RMB369.1 million in the fourth quarter of 2020. The increase in research and development expenses over the first and fourth quarter of 2020 was primarily attributable to (i) increased share-based compensation expenses derived from incremental share options granted with higher fair value in January 2021 while no share-based compensation expenses were recognized for stock options with service conditions and a performance condition related to our IPO in the first quarter of 2020, (ii) increased research and development activities for the Company’s next vehicle models, and (iii) increased headcount.</li><li><b>Selling, general and administrative expenses</b>were RMB509.9 million (US$77.8 million) in the first quarter of 2021, representing an increase of 352.0% from RMB112.8 million in the first quarter of 2020 and an increase of 18.8% from RMB429.3 million in the fourth quarter of 2020.<b>Non-GAAP selling, general and administrative expenses</b>3were RMB449.8 million (US$68.7 million) in the first quarter of 2021, representing an increase of 298.8% from RMB112.8 million in the first quarter of 2020 and an increase of 5.4% from RMB426.8 million in the fourth quarter of 2020. The increase in selling, general and administrative expenses over the first and fourth quarter of 2020 was primarily driven by (i) increased marketing and promotional activities, (ii) increased headcount and rental expenses with the expansion of the Company’s sales network, and (iii) increased share-based compensation expenses.</li></ul><p><b>Loss from Operations</b></p><ul><li><b>Loss from operations</b>was RMB407.7 million (US$62.2 million) in the first quarter of 2021, representing an increase of 74.1% from RMB234.2 million in the first quarter of 2020 and an increase of 416.7% from RMB78.9 million in the fourth quarter of 2020.<b>Non-GAAP loss from operations</b>was RMB224.8 million (US$34.3 million) in the first quarter of 2021, representing a decrease of 4.0% from RMB234.2 million in the first quarter of 2020 and an increase of 216.2% from RMB71.1 million in the fourth quarter of 2020.</li></ul><p><b>Net Loss and Earnings Per Share</b></p><ul><li><b>Net loss</b>was RMB360.0 million (US$54.9 million) in the first quarter of 2021, compared with RMB77.1 million net loss in the first quarter of 2020 and RMB107.5 million net income in the fourth quarter of 2020.<b>Non-GAAP net loss</b>was RMB177.0 million (US$27.0 million) in the first quarter of 2021, compared with RMB253.4 million net loss in the first quarter of 2020 and RMB115.4 million net income in the fourth quarter of 2020.</li><li><b>Basic and diluted net loss per ADS6attributable to ordinary shareholders</b>were both RMB0.40 (US$0.06) in the first quarter of 2021.<b>Non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders</b>3were both RMB0.20 (US$0.03) in the first quarter of 2021.</li></ul><p><b>Cash position, Operating Cash Flow and Free Cash Flow</b></p><ul><li><b>Balance of cash and cash equivalents, restricted cash, time deposits and short-term investments</b>was RMB30.36 billion (US$4.63 billion) as of March 31, 2021.</li><li><b>Operating cash flow</b>was RMB926.3 million (US$141.4 million) in the first quarter of 2021, representing an increase of RMB989.3 million from negative net cash flow of RMB63.0 million in the first quarter of 2020 and a decrease of 49.1% from RMB1.82 billion in the fourth quarter of 2020.</li><li><b>Free cash flow</b>was RMB570.2 million (US$87.0 million) in the first quarter of 2021, representing an increase of RMB755.4 million from negative net cash flow of RMB185.2 million in the first quarter of 2020 and a decrease of 64.3% from RMB1.60 billion in the fourth quarter of 2020.</li></ul><p><b><u>Business Outlook</u></b></p><p>For the second quarter of 2021, the Company expects:</p><ul><li><b>Deliveries of vehicles</b>to be between 14,500 and 15,500 vehicles, representing an increase of 119.6% to 134.7% from the second quarter of 2020.</li><li><b>Total revenues</b>to be between RMB3.99 billion (US$609.0 million) and RMB4.27 billion (US$651.7 million), representing an increase of 104.6% to 119.0% from the second quarter of 2020.</li></ul><p>This business outlook reflects the Company’s current and preliminary view on the business situation and market condition, which is subject to change.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150713912","content_text":"(May 26) Li Auto Inc. (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced its unaudited financial results for the first quarter ended March 31, 2021.Li Q1 Non-GAAP EPS of -$0.03 beats by $0.01; GAAP EPS of -$0.06 misses by $0.05.Revenue of $545.7M (+319.8% Y/Y) beats by $42.26M.Quarterly total revenues reached RMB3.58 billion (US$545.7 million)1Quarterly deliveries were 12,579 vehiclesQuarterly gross margin reached 17.3%.Q2 Outlook: Total revenues to be between RMB3.99B ($609M) and RMB4.27B ($651.7M), consensus $663.51, representing an increase of 104.6% to 119.0% from Q2 2020.Deliveries of vehicles to be between 14,500 and 15,500 vehicles, representing an increase of 119.6% to 134.7% from Q2 2020.Operating Highlights for the First Quarter of 2021Deliveries of Li ONEs were 12,579 vehicles in the first quarter of 2021, representing a 334.4% year-over-year increase.As of March 31, 2021, the Company had 65 retail stores covering 49 cities and 135 servicing centers and Li Auto-authorized body and paint shops operating in 98 cities.Financial Highlights for the First Quarter of 2021Vehicle sales were RMB3.46 billion (US$528.7 million) in the first quarter of 2021, representing an increase of 311.8% from RMB841.1 million in the first quarter of 2020 and a decrease of 14.6% from RMB4.06 billion in the fourth quarter of 2020.Vehicle margin2was 16.9% in the first quarter of 2021, compared with 8.4% in the first quarter of 2020 and 17.1% in the fourth quarter of 2020.Total revenues were RMB3.58 billion (US$545.7 million) in the first quarter of 2021, representing an increase of 319.8% from RMB851.7 million in the first quarter of 2020 and a decrease of 13.8% from RMB4.15 billion in the fourth quarter of 2020.Gross profit was RMB616.7 million (US$94.1 million) in the first quarter of 2021, representing an increase of 802.9% from RMB68.3 million in the first quarter of 2020 and a decrease of 14.9% from RMB724.6 million in the fourth quarter of 2020.Gross margin was 17.3% in the first quarter of 2021, compared with 8.0% in the first quarter of 2020 and 17.5% in the fourth quarter of 2020.Loss from operations was RMB407.7 million (US$62.2 million) in the first quarter of 2021, representing an increase of 74.1% from RMB234.2 million in the first quarter of 2020 and an increase of 416.7% from RMB78.9 million in the fourth quarter of 2020. Non-GAAP loss from operations3was RMB224.8 million (US$34.3 million) in the first quarter of 2021, representing a decrease of 4.0% from RMB234.2 million in the first quarter of 2020 and an increase of 216.2% from RMB71.1 million in the fourth quarter of 2020.Net loss was RMB360.0 million (US$54.9 million) in the first quarter of 2021, compared with RMB77.1 million net loss in the first quarter of 2020 and RMB107.5 million net income in the fourth quarter of 2020. Non-GAAP net loss3was RMB177.0 million (US$27.0 million) in the first quarter of 2021, compared with RMB253.4 million net loss in the first quarter of 2020 and RMB115.4 million net income in the fourth quarter of 2020.Operating cash flow was RMB926.3 million (US$141.4 million) in the first quarter of 2021, representing an increase of RMB989.3 million from negative net cash flow of RMB63.0 million in the first quarter of 2020 and a decrease of 49.1% from RMB1.82 billion in the fourth quarter of 2020.Free cash flow4was RMB570.2 million (US$87.0 million) in the first quarter of 2021, representing an increase of RMB755.4 million from negative net cash flow of RMB185.2 million in the first quarter of 2020 and a decrease of 64.3% from RMB1.60 billion in the fourth quarter of 2020.Deliveries UpdateIn April 2021, the Company delivered 5,539 Li ONEs, representing a 111.3% increase compared to April 2020. As of April 30, 2021, the Company had 73 retail stores covering 53 cities, in addition to 143 servicing centers and Li Auto-authorized body and paint shops operating in 105 cities.Issuance of Convertible Senior NotesIn April 2021, the Company completed the offering of US$862.5 million in aggregate principal amount of its 0.25% convertible senior notes due 2028 (the “Notes”), which included the exercise in full by the initial purchasers in the Notes offering of their option to purchase up to an additional US$112.5 million in aggregate principal amount of the Notes.The Company plans to use the net proceeds from the Notes offering for (i) research and development of new vehicle models, including BEV models, (ii) research and development of leading technologies, and (iii) working capital and other general corporate purposes.2021 Li ONEOn May 25, 2021, the Company officially released the 2021 Li ONE, the first vehicle with Navigation on ADAS (NOA) as a standard configuration in the world. It features comprehensive upgrades, including an enhanced NEDC range of 1,080 kilometers, optimized mobility comfort, and more intelligent cockpit, bringing premium features to users at a flat retail price of RMB338,000. Deliveries of the 2021 Li ONE will commence on June 1, 2021.With software and hardware optimization and its integrated powertrain system, the 2021 Li ONE can achieve an NEDC range of 1,080 kilometers and a WLTC range of 890 kilometers. Its energy efficiency in fuel mode is 6.05 liter per 100 kilometers based on the NEDC standard operational condition, best in class among large-sized four-wheel drive SUVs.CEO and CFO CommentsMr.Xiang Li, founder, chairman, and chief executive officer of Li Auto, commented, “We delivered 12,579 Li ONEs during the quarter, up 334.4% year over year. Li ONE was the second best-selling new energy SUV inChinain the first quarter as our compelling product offering and superior user experience continued to delight users and boost brand awareness, while the unwavering support of our direct sales and servicing network underpinned our growth.“On May 25, we released our 2021 Li ONE. The model has elevated the extended range electric technology to a brand-new level, achieving an NEDC range of 1,080 kilometers and a WLTC range of 890 kilometers. Its energy efficiency in the fuel mode takes consumption as low as 6.05 liter per 100 kilometers based on the NEDC standard operational condition, a level that is unparalleled among large-sized four-wheel drive SUVs. I am very proud of our R&D team’s successful efforts to improve the range-extended technology.“The 2021 Li ONE is the first model in the world offering Navigation on ADAS in a standard configuration. Combining our self-developed ADAS with dedicated dual Horizon Robotics Journey 3 processors, an 8-megapixel front-view camera, 5 latest millimeter-wave radars, and high-definition maps, the 2021 Li ONE delivers a safer, easier, and more convenient driving experience, echoing our belief that active safety should be standard, not optional features.“Li ONE has been well loved by family users for its spacious six-seat interior layout. And the 2021 Li ONE enhances its excellence in space, comfort, and intelligence by equipping the front and second row seats with lumbar massage functions, increasing the leg room in the third row by 41 millimeters, while also featuring a smarter in-car voice assistant ‘LiXiang Tong Xue(理想同学),’ providing a high caliber and overall more comfortable, roomier, and more intelligent space for more families.“Is it possible to build a smart electric vehicle that makes families happier? With the 2021 Li ONE, we can confidently say yes, a resounding yes!” concludedMr. Li.Mr.Tie Li, chief financial officer of Li Auto, added, “We are pleased with our healthy financial performance during the first quarter. Our total revenues reached RMB3.58 billion, more than quadrupling from the first quarter of 2020 and exceeding the top end of our revenue guidance by 11.2%, while our gross margin stayed robust at 17.3%. Amid our ongoing efforts to enhance investment in R&D as well as our direct sales and servicing network, operating expenses increased 27.5% quarter-over-quarter and 238.6% year-over-year. We also raised over US$840 million in net proceeds through our successful convertible senior notes offering, strengthening our capital base for future growth as we increase our R&D investments in leading technologies, prepare for new model launches, and gear up for further increases in demand.”Financial Results for the First Quarter of 2021RevenuesTotal revenueswere RMB3.58 billion (US$545.7 million) in the first quarter of 2021, representing an increase of 319.8% from RMB851.7 million in the first quarter of 2020 and a decrease of 13.8% from RMB4.15 billion in the fourth quarter of 2020.Vehicle saleswere RMB3.46 billion (US$528.7 million) in the first quarter of 2021, representing an increase of 311.8% from RMB841.1 million in the first quarter of 2020 and a decrease of 14.6% from RMB4.06 billion in the fourth quarter of 2020. The increase in revenue from vehicle sales over the first quarter of 2020 was mainly attributable to the increase in vehicle deliveries with the continuous expansion of our sales network. The decrease in revenue from vehicle sales from the fourth quarter of 2020 was mainly attributable to the decrease in vehicle deliveries, which were affected by seasonal factors related to the Chinese New Year holiday as well as the localized COVID-19 outbreaks in the northern China in February 2021.Other sales and serviceswere RMB111.5 million (US$17.0 million) in the first quarter of 2021, representing an increase of 951.9% from RMB10.6 million in the first quarter of 2020 and an increase of 25.0% from RMB89.2 million in the fourth quarter of 2020. The increase in revenue from other sales and services over the first and fourth quarter of 2020 was mainly attributable to increased sales of charging stalls, accessories and services in line with higher accumulated vehicle sales.Cost of Sales and Gross MarginCost of saleswas RMB2.96 billion (US$451.6 million) in the first quarter of 2021, representing an increase of 277.6% from RMB783.4 million in the first quarter of 2020 and a decrease of 13.5% from RMB3.42 billion in the fourth quarter of 2020.Gross profitwas RMB616.7 million (US$94.1 million) in the first quarter of 2021, representing an increase of 802.9% from RMB 68.3 million in the first quarter of 2020 and a decrease of 14.9% from RMB724.6 million in the fourth quarter of 2020.Vehicle marginwas 16.9% in the first quarter of 2021, compared with 8.4% in the first quarter of 2020 and 17.1% in the fourth quarter of 2020. The increase in vehicle margin over the first quarter of 2020 was primarily attributable to lower material cost and lower unit manufacturing overhead cost derived from the increased production volume. The slight decrease in vehicle margin from the fourth quarter of 2020 was primarily due to lower average selling price caused by promotional activities launched in the first quarter of 2021, partially offset by the decreased material cost.Gross marginwas 17.3% in the first quarter of 2021, compared with 8.0% in the first quarter of 2020 and 17.5% in the fourth quarter of 2020, which was mainly driven by the change of vehicle margin.Operating ExpensesOperating expenseswere RMB1.02 billion (US$156.4 million) in the first quarter of 2021, representing an increase of 238.6% from RMB302.5 million in the first quarter of 2020 and an increase of 27.5% from RMB803.5 million in the fourth quarter of 2020.Research and development expenseswere RMB514.5 million (US$78.5 million) in the first quarter of 2021, representing an increase of 171.2% from RMB189.7 million in the first quarter of 2020 and an increase of 37.5% from RMB374.2 million in the fourth quarter of 2020.Non-GAAP research and development expenses3were RMB397.9 million (US$60.7 million) in the first quarter of 2021, representing an increase of 109.8% from RMB189.7 million in the first quarter of 2020 and an increase of 7.8% from RMB369.1 million in the fourth quarter of 2020. The increase in research and development expenses over the first and fourth quarter of 2020 was primarily attributable to (i) increased share-based compensation expenses derived from incremental share options granted with higher fair value in January 2021 while no share-based compensation expenses were recognized for stock options with service conditions and a performance condition related to our IPO in the first quarter of 2020, (ii) increased research and development activities for the Company’s next vehicle models, and (iii) increased headcount.Selling, general and administrative expenseswere RMB509.9 million (US$77.8 million) in the first quarter of 2021, representing an increase of 352.0% from RMB112.8 million in the first quarter of 2020 and an increase of 18.8% from RMB429.3 million in the fourth quarter of 2020.Non-GAAP selling, general and administrative expenses3were RMB449.8 million (US$68.7 million) in the first quarter of 2021, representing an increase of 298.8% from RMB112.8 million in the first quarter of 2020 and an increase of 5.4% from RMB426.8 million in the fourth quarter of 2020. The increase in selling, general and administrative expenses over the first and fourth quarter of 2020 was primarily driven by (i) increased marketing and promotional activities, (ii) increased headcount and rental expenses with the expansion of the Company’s sales network, and (iii) increased share-based compensation expenses.Loss from OperationsLoss from operationswas RMB407.7 million (US$62.2 million) in the first quarter of 2021, representing an increase of 74.1% from RMB234.2 million in the first quarter of 2020 and an increase of 416.7% from RMB78.9 million in the fourth quarter of 2020.Non-GAAP loss from operationswas RMB224.8 million (US$34.3 million) in the first quarter of 2021, representing a decrease of 4.0% from RMB234.2 million in the first quarter of 2020 and an increase of 216.2% from RMB71.1 million in the fourth quarter of 2020.Net Loss and Earnings Per ShareNet losswas RMB360.0 million (US$54.9 million) in the first quarter of 2021, compared with RMB77.1 million net loss in the first quarter of 2020 and RMB107.5 million net income in the fourth quarter of 2020.Non-GAAP net losswas RMB177.0 million (US$27.0 million) in the first quarter of 2021, compared with RMB253.4 million net loss in the first quarter of 2020 and RMB115.4 million net income in the fourth quarter of 2020.Basic and diluted net loss per ADS6attributable to ordinary shareholderswere both RMB0.40 (US$0.06) in the first quarter of 2021.Non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders3were both RMB0.20 (US$0.03) in the first quarter of 2021.Cash position, Operating Cash Flow and Free Cash FlowBalance of cash and cash equivalents, restricted cash, time deposits and short-term investmentswas RMB30.36 billion (US$4.63 billion) as of March 31, 2021.Operating cash flowwas RMB926.3 million (US$141.4 million) in the first quarter of 2021, representing an increase of RMB989.3 million from negative net cash flow of RMB63.0 million in the first quarter of 2020 and a decrease of 49.1% from RMB1.82 billion in the fourth quarter of 2020.Free cash flowwas RMB570.2 million (US$87.0 million) in the first quarter of 2021, representing an increase of RMB755.4 million from negative net cash flow of RMB185.2 million in the first quarter of 2020 and a decrease of 64.3% from RMB1.60 billion in the fourth quarter of 2020.Business OutlookFor the second quarter of 2021, the Company expects:Deliveries of vehiclesto be between 14,500 and 15,500 vehicles, representing an increase of 119.6% to 134.7% from the second quarter of 2020.Total revenuesto be between RMB3.99 billion (US$609.0 million) and RMB4.27 billion (US$651.7 million), representing an increase of 104.6% to 119.0% from the second quarter of 2020.This business outlook reflects the Company’s current and preliminary view on the business situation and market condition, which is subject to change.","news_type":1},"isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832280204,"gmtCreate":1629638734708,"gmtModify":1676530083927,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559357742503712","authorIdStr":"3559357742503712"},"themes":[],"htmlText":"This is one reason holding back the momentum?&nbsp;","listText":"This is one reason holding back the momentum?&nbsp;","text":"This is one reason holding back the momentum?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/832280204","repostId":"2161743804","repostType":4,"isVote":1,"tweetType":1,"viewCount":154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9049684936,"gmtCreate":1655784464825,"gmtModify":1676535705202,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559357742503712","authorIdStr":"3559357742503712"},"themes":[],"htmlText":"calm n steady is the way forward","listText":"calm n steady is the way forward","text":"calm n steady is the way forward","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9049684936","repostId":"1154256262","repostType":4,"repost":{"id":"1154256262","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":1655783543,"share":"https://ttm.financial/m/news/1154256262?lang=&edition=fundamental","pubTime":"2022-06-21 11:52","market":"fut","language":"en","title":"US Equity Futures Pointed Higher As Investor Sentiment Stabilized","url":"https://stock-news.laohu8.com/highlight/detail?id=1154256262","media":"Tiger Newspress","summary":"US equity futures pointed higher on Tuesday as investor sentiment stabilized. Treasuries retreated a","content":"<html><head></head><body><p>US equity futures pointed higher on Tuesday as investor sentiment stabilized. Treasuries retreated after reopening from a holiday.</p><p>S&amp;P 500 futures rose 1.65%; Nasdaq 100 futures rose 1.74%; Dow futures rose 1.45%.</p><p><img src=\"https://static.tigerbbs.com/247ed33c5d089f46817a2c92e536b4bb\" tg-width=\"557\" tg-height=\"236\" referrerpolicy=\"no-referrer\"/></p><p>The drop in Treasuries took the benchmark 10-year yield to about 3.28%. Further volatility in bonds, under a Federal Reserve intent on sharp interest-rate hikes to tame inflation, could shake global markets anew.</p><p>Australian yields increased after central bank Governor Philip Lowe reiterated that further interest-rate hikes likely loom.</p><p>The yen remains around a 24-year low against the dollar, sapped by the contrast between a super-dovish Bank of Japan and hawkish Fed.</p><p>In commodities, oil gained, while prices for metals like copper are being buffeted by concerns about the demand outlook amid weakening global growth.</p><p>St. Louis Fed President James Bullard warned that US inflation expectations could “become unmoored without credible Fed action,” while former Treasury Secretary Lawrence Summers argued that the nation’s jobless rate would need to rise above 5% for a sustained period in order to curb price pressures. Those comments underline the parlous backdrop investors face.</p><p>Earlier, European Central Bank President Christine Lagarde restated officials’ intention to raise interest rates in July and September, signaling that concerns over financial-market tensions aren’t derailing the fight against inflation.</p><p>Elsewhere, Bitcoin held above $20,000 after a turbulent period for cryptocurrencies.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Equity Futures Pointed Higher As Investor Sentiment Stabilized</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Equity Futures Pointed Higher As Investor Sentiment Stabilized\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\">2022-06-21 11:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>US equity futures pointed higher on Tuesday as investor sentiment stabilized. Treasuries retreated after reopening from a holiday.</p><p>S&amp;P 500 futures rose 1.65%; Nasdaq 100 futures rose 1.74%; Dow futures rose 1.45%.</p><p><img src=\"https://static.tigerbbs.com/247ed33c5d089f46817a2c92e536b4bb\" tg-width=\"557\" tg-height=\"236\" referrerpolicy=\"no-referrer\"/></p><p>The drop in Treasuries took the benchmark 10-year yield to about 3.28%. Further volatility in bonds, under a Federal Reserve intent on sharp interest-rate hikes to tame inflation, could shake global markets anew.</p><p>Australian yields increased after central bank Governor Philip Lowe reiterated that further interest-rate hikes likely loom.</p><p>The yen remains around a 24-year low against the dollar, sapped by the contrast between a super-dovish Bank of Japan and hawkish Fed.</p><p>In commodities, oil gained, while prices for metals like copper are being buffeted by concerns about the demand outlook amid weakening global growth.</p><p>St. Louis Fed President James Bullard warned that US inflation expectations could “become unmoored without credible Fed action,” while former Treasury Secretary Lawrence Summers argued that the nation’s jobless rate would need to rise above 5% for a sustained period in order to curb price pressures. Those comments underline the parlous backdrop investors face.</p><p>Earlier, European Central Bank President Christine Lagarde restated officials’ intention to raise interest rates in July and September, signaling that concerns over financial-market tensions aren’t derailing the fight against inflation.</p><p>Elsewhere, Bitcoin held above $20,000 after a turbulent period for cryptocurrencies.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154256262","content_text":"US equity futures pointed higher on Tuesday as investor sentiment stabilized. Treasuries retreated after reopening from a holiday.S&P 500 futures rose 1.65%; Nasdaq 100 futures rose 1.74%; Dow futures rose 1.45%.The drop in Treasuries took the benchmark 10-year yield to about 3.28%. Further volatility in bonds, under a Federal Reserve intent on sharp interest-rate hikes to tame inflation, could shake global markets anew.Australian yields increased after central bank Governor Philip Lowe reiterated that further interest-rate hikes likely loom.The yen remains around a 24-year low against the dollar, sapped by the contrast between a super-dovish Bank of Japan and hawkish Fed.In commodities, oil gained, while prices for metals like copper are being buffeted by concerns about the demand outlook amid weakening global growth.St. Louis Fed President James Bullard warned that US inflation expectations could “become unmoored without credible Fed action,” while former Treasury Secretary Lawrence Summers argued that the nation’s jobless rate would need to rise above 5% for a sustained period in order to curb price pressures. Those comments underline the parlous backdrop investors face.Earlier, European Central Bank President Christine Lagarde restated officials’ intention to raise interest rates in July and September, signaling that concerns over financial-market tensions aren’t derailing the fight against inflation.Elsewhere, Bitcoin held above $20,000 after a turbulent period for cryptocurrencies.","news_type":1},"isVote":1,"tweetType":1,"viewCount":127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9059462442,"gmtCreate":1654410360286,"gmtModify":1676535444505,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559357742503712","authorIdStr":"3559357742503712"},"themes":[],"htmlText":"i will hold all the way no matter what will be the result (wont be good)...&nbsp;","listText":"i will hold all the way no matter what will be the result (wont be good)...&nbsp;","text":"i will hold all the way no matter what will be the result (wont be good)...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9059462442","repostId":"2240727323","repostType":2,"repost":{"id":"2240727323","kind":"highlight","pubTimestamp":1654389620,"share":"https://ttm.financial/m/news/2240727323?lang=&edition=fundamental","pubTime":"2022-06-05 08:40","market":"us","language":"en","title":"NIO: The Ultimate Bottom Has Occurred","url":"https://stock-news.laohu8.com/highlight/detail?id=2240727323","media":"seekingalpha","summary":"SummaryNIO is scheduled to report its FQ1'22 earnings release on June 9. Investors are waiting for m","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>NIO is scheduled to report its FQ1&#39;22 earnings release on June 9. Investors are waiting for management&#39;s guidance on its outlook, given the massive disruption due to China&#39;s COVID lockdowns.</li><li>NIO&#39;s May 2022 delivery update also shows a marked improvement from April&#39;s numbers. It also highlighted robust order book visibility in May.</li><li>Our price action analysis suggests a double bottom bear trap formed in NIO stock in the May sell-off. Therefore, we are confident that its bottom has occurred.</li><li>We reiterate our Speculative Buy rating on NIO stock, with a near-term price target of $22 (an implied upside of 23%).</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a6f81e3209340c18a4b341ffae90707d\" tg-width=\"594\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/><span>Drew Angerer/Getty Images News</span></p><p><b>Investment Thesis</b></p><p>NIO Inc. (NYSE:NIO) is slated to report its FQ1&#39;22 earnings release on June 9, as investors anticipate the company&#39;s Q2 guidance given its recent May 2022 delivery update. We discussed in ourprevious article (Buy rating) that the market has already been looking forward to its H2&#39;22 recovery, despite facing significant challenges in April due to the onset of the COVID lockdowns.</p><p>NIO&#39;s May delivery numbers didn&#39;t impress. However, the company also emphasized that it will be ramping production from June, given the recent lifting of COVID lockdowns in China.</p><p>Furthermore, our price action analysis suggests a double bottom bear trap occurred in the May sell-off. Consequently, we are confident NIO stock could have staged a sustained reversal of its downward bias, leading to the potential recovery of its upward momentum.</p><p>Therefore, we reiterate our Speculative Buy rating on NIO stock. We urge investors to look forward and not backward as NIO continues to scale.</p><p><b>May Deliveries Indicate A Sign Of Bottoming</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c160afc2606abefe6cce0dd207c971b9\" tg-width=\"640\" tg-height=\"395\" referrerpolicy=\"no-referrer\"/><span>NIO deliveries by month (Company filings)</span></p><p>NIO delivered 7.02K of vehicles in May, up 4.6% YoY. Notably, it represented a 38.5% MoM increase from April. NIO also highlighted its optimism about improving its delivery cadence in June and accentuated significant order inflows in Shanghai in May. Therefore, we think investors can look forward to a strong outlook in June and urge investors to parse management&#39;s commentary in its upcoming Q1 call.</p><p>The Chinese EV market remains a critical industry for the Chinese economy. Therefore, it was reported in the local media that the Chinese government has been deliberating plans to extend NEV subsidies that are set to expire by the end of 2022. The carnage brought upon by the COVID lockdowns has been massive on the Chinese economy and consumer confidence. Therefore, we believe China is not keen for its critical NEV adoption momentum to slow down while the NEV makers ramp up to compensate for their production gaps in April and May.</p><p>The company has also been approved to sell its ES7, which should continue the strong momentum seen in its ET7. In addition, NIO&#39;s ET7 deliveries have already eclipsed its EC6, despite having started deliveries only in March. Therefore, we believe the new launches in H2&#39;22 could lift NIO&#39;s order book visibility through FY23 as it refreshes its line-up.</p><p><b>Estimates Suggest A H2&#39;22 Revival Is On Track</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/94c1c6b771f41d7e1b0e578cfb2968d0\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/><span>NIO revenue change % consensus estimates (S&amp;P Cap IQ)</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7a2d2852cc5ef33395d3f24107b40dc0\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/><span>NIO adjusted EBIT change % consensus estimates (S&amp;P Cap IQ)</span></p><p>The consensus estimates also suggest that NIO&#39;s revenue growth could reach its nadir in FQ1 before recovering remarkably through H2&#39;22. Furthermore, NIO is also charting its way towards adjusted EBIT profitability as it continues to scale.</p><p>As long as China&#39;s COVID crisis does not worsen further, we believe the re-rating in NIO stock could be on the horizon. Notwithstanding, the company must continue executing well to demonstrate its ability to grow rapidly and improve its underlying economics.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa987ea3fef271bda7685e30cb8416a0\" tg-width=\"640\" tg-height=\"395\" referrerpolicy=\"no-referrer\"/><span>NIO revenue change % and adjusted EBIT margins % consensus estimates (By FY) (S&amp;P Cap IQ)</span></p><p>On an FY basis, the company is expected to post revenue growth of 73.9% in FY22, down from FY21&#39;s 122.3%. However, investors should expect slower growth through FY23.</p><p>Notwithstanding, NIO should achieve adjusted EBIT breakeven in FY24 as it scales further. Given its underlying profitability, we have always regarded NIO as a speculative play, and we urge investors to consider our perspective.</p><p><b>Price Action Suggests A Double Bottom Bear Trap In May</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f9cd34df5e7b31c07693d1f5fae99ce7\" tg-width=\"640\" tg-height=\"340\" referrerpolicy=\"no-referrer\"/><span>NIO price chart (TradingView)</span></p><p>Our price action analysis indicates that a double bottom bear trap formed in NIO stock in May&#39;s sell-off. As a result, it has validated a potent downtrend reversal signal.</p><p>As a result, we are not surprised that NIO stock has rallied from its potent double bottom bear trap. Furthermore, it remains reasonably below its near-term resistance zone.</p><p>Therefore, we believe that our base case of a $22 near-term price target (PT) is achievable. Our bear case suggests a re-test of the near-term support of $13. But, we expect the bear trap to hold.</p><p><b>Is NIO Stock A Buy, Sell, Or Hold?</b></p><p>Admittedly our calls in NIO stock have been disappointing. We had previously omitted detailed price action analysis in NIO stock. However, we have reinstated the critical charting discipline from our previous article in our analysis.</p><p>Therefore, we are confident that NIO stock has formed its bottom, and investors can consider layering in. However, more conservative investors can await a potential re-test of its near-term support before adding exposure.</p><p>Our near-term PT of $22 implies a potential upside of 23%. However, we expect the stock to rally towards its intermediate resistance over the medium term.</p><p>Investors who need a higher margin of safety can consider watching for a re-test first (note there&#39;s no guarantee a re-test could occur). But, we think the risk/reward profile has improved significantly, given its constructive price action.</p><p>Therefore, <i>we reiterate our Speculative Buy rating on NIO stock</i>.</p><p><i>This article was written by JR Research</i></p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO: The Ultimate Bottom Has Occurred</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: The Ultimate Bottom Has Occurred\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-05 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4516306-nio-the-ultimate-bottom-has-occurred><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNIO is scheduled to report its FQ1'22 earnings release on June 9. Investors are waiting for management's guidance on its outlook, given the massive disruption due to China's COVID lockdowns.NIO...</p>\n\n<a href=\"https://seekingalpha.com/article/4516306-nio-the-ultimate-bottom-has-occurred\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09866":"蔚来-SW","NIO.SI":"蔚来","NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4516306-nio-the-ultimate-bottom-has-occurred","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2240727323","content_text":"SummaryNIO is scheduled to report its FQ1'22 earnings release on June 9. Investors are waiting for management's guidance on its outlook, given the massive disruption due to China's COVID lockdowns.NIO's May 2022 delivery update also shows a marked improvement from April's numbers. It also highlighted robust order book visibility in May.Our price action analysis suggests a double bottom bear trap formed in NIO stock in the May sell-off. Therefore, we are confident that its bottom has occurred.We reiterate our Speculative Buy rating on NIO stock, with a near-term price target of $22 (an implied upside of 23%).Drew Angerer/Getty Images NewsInvestment ThesisNIO Inc. (NYSE:NIO) is slated to report its FQ1'22 earnings release on June 9, as investors anticipate the company's Q2 guidance given its recent May 2022 delivery update. We discussed in ourprevious article (Buy rating) that the market has already been looking forward to its H2'22 recovery, despite facing significant challenges in April due to the onset of the COVID lockdowns.NIO's May delivery numbers didn't impress. However, the company also emphasized that it will be ramping production from June, given the recent lifting of COVID lockdowns in China.Furthermore, our price action analysis suggests a double bottom bear trap occurred in the May sell-off. Consequently, we are confident NIO stock could have staged a sustained reversal of its downward bias, leading to the potential recovery of its upward momentum.Therefore, we reiterate our Speculative Buy rating on NIO stock. We urge investors to look forward and not backward as NIO continues to scale.May Deliveries Indicate A Sign Of BottomingNIO deliveries by month (Company filings)NIO delivered 7.02K of vehicles in May, up 4.6% YoY. Notably, it represented a 38.5% MoM increase from April. NIO also highlighted its optimism about improving its delivery cadence in June and accentuated significant order inflows in Shanghai in May. Therefore, we think investors can look forward to a strong outlook in June and urge investors to parse management's commentary in its upcoming Q1 call.The Chinese EV market remains a critical industry for the Chinese economy. Therefore, it was reported in the local media that the Chinese government has been deliberating plans to extend NEV subsidies that are set to expire by the end of 2022. The carnage brought upon by the COVID lockdowns has been massive on the Chinese economy and consumer confidence. Therefore, we believe China is not keen for its critical NEV adoption momentum to slow down while the NEV makers ramp up to compensate for their production gaps in April and May.The company has also been approved to sell its ES7, which should continue the strong momentum seen in its ET7. In addition, NIO's ET7 deliveries have already eclipsed its EC6, despite having started deliveries only in March. Therefore, we believe the new launches in H2'22 could lift NIO's order book visibility through FY23 as it refreshes its line-up.Estimates Suggest A H2'22 Revival Is On TrackNIO revenue change % consensus estimates (S&P Cap IQ)NIO adjusted EBIT change % consensus estimates (S&P Cap IQ)The consensus estimates also suggest that NIO's revenue growth could reach its nadir in FQ1 before recovering remarkably through H2'22. Furthermore, NIO is also charting its way towards adjusted EBIT profitability as it continues to scale.As long as China's COVID crisis does not worsen further, we believe the re-rating in NIO stock could be on the horizon. Notwithstanding, the company must continue executing well to demonstrate its ability to grow rapidly and improve its underlying economics.NIO revenue change % and adjusted EBIT margins % consensus estimates (By FY) (S&P Cap IQ)On an FY basis, the company is expected to post revenue growth of 73.9% in FY22, down from FY21's 122.3%. However, investors should expect slower growth through FY23.Notwithstanding, NIO should achieve adjusted EBIT breakeven in FY24 as it scales further. Given its underlying profitability, we have always regarded NIO as a speculative play, and we urge investors to consider our perspective.Price Action Suggests A Double Bottom Bear Trap In MayNIO price chart (TradingView)Our price action analysis indicates that a double bottom bear trap formed in NIO stock in May's sell-off. As a result, it has validated a potent downtrend reversal signal.As a result, we are not surprised that NIO stock has rallied from its potent double bottom bear trap. Furthermore, it remains reasonably below its near-term resistance zone.Therefore, we believe that our base case of a $22 near-term price target (PT) is achievable. Our bear case suggests a re-test of the near-term support of $13. But, we expect the bear trap to hold.Is NIO Stock A Buy, Sell, Or Hold?Admittedly our calls in NIO stock have been disappointing. We had previously omitted detailed price action analysis in NIO stock. However, we have reinstated the critical charting discipline from our previous article in our analysis.Therefore, we are confident that NIO stock has formed its bottom, and investors can consider layering in. However, more conservative investors can await a potential re-test of its near-term support before adding exposure.Our near-term PT of $22 implies a potential upside of 23%. However, we expect the stock to rally towards its intermediate resistance over the medium term.Investors who need a higher margin of safety can consider watching for a re-test first (note there's no guarantee a re-test could occur). But, we think the risk/reward profile has improved significantly, given its constructive price action.Therefore, we reiterate our Speculative Buy rating on NIO stock.This article was written by JR Research","news_type":1},"isVote":1,"tweetType":1,"viewCount":42,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815009231,"gmtCreate":1630627962523,"gmtModify":1676530358902,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559357742503712","authorIdStr":"3559357742503712"},"themes":[],"htmlText":"Moon is not enough, to Mars","listText":"Moon is not enough, to Mars","text":"Moon is not enough, to Mars","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/815009231","repostId":"2164829818","repostType":4,"repost":{"id":"2164829818","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1630615505,"share":"https://ttm.financial/m/news/2164829818?lang=&edition=fundamental","pubTime":"2021-09-03 04:45","market":"us","language":"en","title":"S&P, Nasdaq edge to record closes, energy stocks buoyant","url":"https://stock-news.laohu8.com/highlight/detail?id=2164829818","media":"Reuters","summary":"Energy stocks rally on oil price gains\nWeekly jobless claims fall\nIndexes up: Dow 0.37%, S&P 0.28%, ","content":"<ul>\n <li>Energy stocks rally on oil price gains</li>\n <li>Weekly jobless claims fall</li>\n <li>Indexes up: Dow 0.37%, S&amp;P 0.28%, Nasdaq 0.14%</li>\n</ul>\n<p>Sept 2 (Reuters) - The S&amp;P 500 and Nasdaq eked out record finishes on Thursday, while the Dow also posted a modest gain, as higher commodity prices helped energy names recover ground and the latest jobs data left investors unfazed about existing positions.</p>\n<p>The energy sector rose 2.5%, reversing much of the loss suffered during the first three days of the week. Thursday's performance was fueled by U.S. crude prices jumping 2% on a sharp decline in U.S. inventories and a weaker dollar.</p>\n<p>Cabot Oil &amp; Gas Corp and Occidental Petroleum Corp&nbsp;were the largest risers, up 6.7% and 6% respectively, with oil majors Exxon Mobil and Chevron Corp both advancing more than 2%.</p>\n<p>The technology index slipped into negative territory, as some of the industry's largest companies saw their recent upward momentum stall.</p>\n<p>Amazon.com Inc, Microsoft Corp, <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc and Google-owner Alphabet Inc all fell between 0.2% and 1.8%. A notable exception was Netflix Inc, which advanced 1.1% to close at an all-time high.</p>\n<p>U.S. stocks have regularly hit record highs over the past few weeks as a solid corporate earnings season and hopes of continued central bank support underpinned confidence.</p>\n<p>Still, each new data set is viewed through the prism of whether the numbers might influence the Federal Reserve's tapering timetable.</p>\n<p>\"I feel like sometimes we end up trying to read the tea-leaves too hard, and the Fed has been pretty good on communicating on (tapering),\" said Jason Pride, chief investment officer of private wealth at Glenmede, noting the Fed remains on the path to begin tapering around year-end.</p>\n<p>Data on Thursday showed the number of Americans filing new claims for jobless benefits fell last week, although the focus will be on the Labor Department's monthly jobs report on Friday to set the stage for the Fed's policy meeting later this month.</p>\n<p>\"You have to see very wide beats or misses in this data to really change people's minds,\" said Greg Boutle, U.S. head of equity and derivative strategy at <a href=\"https://laohu8.com/S/BNPQF\">BNP Paribas</a>.</p>\n<p>\"Investors are either in this renormalization camp that thinks inflation will not happen, or they believe there will be some persistence to inflation. Really, it will be a collection of beats or misses that will move the needle for investors and the Fed, rather than a single data point.\"</p>\n<p>The Dow Jones Industrial Average rose 131.29 points, or 0.37%, to 35,443.82, the S&amp;P 500 gained 12.86 points, or 0.28%, to 4,536.95 and the Nasdaq Composite added 21.80 points, or 0.14%, to 15,331.18.</p>\n<p>Despite deadly flash floods in New York City, trading on Wall Street was operating normally.</p>\n<p>Wells Fargo rose 2.6% after three straight sessions of losses. The lender had been weighed by a report it could face further regulatory sanctions over the pace of compensating victims of a years-long sales practice scandal.</p>\n<p>Volume on U.S. exchanges was 9.23 billion shares, compared with the 9.01 billion average for the full session over the last 20 trading days.</p>\n<p>The S&amp;P 500 posted 78 new 52-week highs and <a href=\"https://laohu8.com/S/AONE.U\">one</a> new low; the Nasdaq Composite recorded 154 new highs and 14 new lows.</p>\n<p>(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Aditya Soni and Lisa Shumaker)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P, Nasdaq edge to record closes, energy stocks buoyant</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\">\nS&P, Nasdaq edge to record closes, energy stocks buoyant\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-09-03 04:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Energy stocks rally on oil price gains</li>\n <li>Weekly jobless claims fall</li>\n <li>Indexes up: Dow 0.37%, S&amp;P 0.28%, Nasdaq 0.14%</li>\n</ul>\n<p>Sept 2 (Reuters) - The S&amp;P 500 and Nasdaq eked out record finishes on Thursday, while the Dow also posted a modest gain, as higher commodity prices helped energy names recover ground and the latest jobs data left investors unfazed about existing positions.</p>\n<p>The energy sector rose 2.5%, reversing much of the loss suffered during the first three days of the week. Thursday's performance was fueled by U.S. crude prices jumping 2% on a sharp decline in U.S. inventories and a weaker dollar.</p>\n<p>Cabot Oil &amp; Gas Corp and Occidental Petroleum Corp&nbsp;were the largest risers, up 6.7% and 6% respectively, with oil majors Exxon Mobil and Chevron Corp both advancing more than 2%.</p>\n<p>The technology index slipped into negative territory, as some of the industry's largest companies saw their recent upward momentum stall.</p>\n<p>Amazon.com Inc, Microsoft Corp, <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc and Google-owner Alphabet Inc all fell between 0.2% and 1.8%. A notable exception was Netflix Inc, which advanced 1.1% to close at an all-time high.</p>\n<p>U.S. stocks have regularly hit record highs over the past few weeks as a solid corporate earnings season and hopes of continued central bank support underpinned confidence.</p>\n<p>Still, each new data set is viewed through the prism of whether the numbers might influence the Federal Reserve's tapering timetable.</p>\n<p>\"I feel like sometimes we end up trying to read the tea-leaves too hard, and the Fed has been pretty good on communicating on (tapering),\" said Jason Pride, chief investment officer of private wealth at Glenmede, noting the Fed remains on the path to begin tapering around year-end.</p>\n<p>Data on Thursday showed the number of Americans filing new claims for jobless benefits fell last week, although the focus will be on the Labor Department's monthly jobs report on Friday to set the stage for the Fed's policy meeting later this month.</p>\n<p>\"You have to see very wide beats or misses in this data to really change people's minds,\" said Greg Boutle, U.S. head of equity and derivative strategy at <a href=\"https://laohu8.com/S/BNPQF\">BNP Paribas</a>.</p>\n<p>\"Investors are either in this renormalization camp that thinks inflation will not happen, or they believe there will be some persistence to inflation. Really, it will be a collection of beats or misses that will move the needle for investors and the Fed, rather than a single data point.\"</p>\n<p>The Dow Jones Industrial Average rose 131.29 points, or 0.37%, to 35,443.82, the S&amp;P 500 gained 12.86 points, or 0.28%, to 4,536.95 and the Nasdaq Composite added 21.80 points, or 0.14%, to 15,331.18.</p>\n<p>Despite deadly flash floods in New York City, trading on Wall Street was operating normally.</p>\n<p>Wells Fargo rose 2.6% after three straight sessions of losses. The lender had been weighed by a report it could face further regulatory sanctions over the pace of compensating victims of a years-long sales practice scandal.</p>\n<p>Volume on U.S. exchanges was 9.23 billion shares, compared with the 9.01 billion average for the full session over the last 20 trading days.</p>\n<p>The S&amp;P 500 posted 78 new 52-week highs and <a href=\"https://laohu8.com/S/AONE.U\">one</a> new low; the Nasdaq Composite recorded 154 new highs and 14 new lows.</p>\n<p>(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Aditya Soni and Lisa Shumaker)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2164829818","content_text":"Energy stocks rally on oil price gains\nWeekly jobless claims fall\nIndexes up: Dow 0.37%, S&P 0.28%, Nasdaq 0.14%\n\nSept 2 (Reuters) - The S&P 500 and Nasdaq eked out record finishes on Thursday, while the Dow also posted a modest gain, as higher commodity prices helped energy names recover ground and the latest jobs data left investors unfazed about existing positions.\nThe energy sector rose 2.5%, reversing much of the loss suffered during the first three days of the week. Thursday's performance was fueled by U.S. crude prices jumping 2% on a sharp decline in U.S. inventories and a weaker dollar.\nCabot Oil & Gas Corp and Occidental Petroleum Corp were the largest risers, up 6.7% and 6% respectively, with oil majors Exxon Mobil and Chevron Corp both advancing more than 2%.\nThe technology index slipped into negative territory, as some of the industry's largest companies saw their recent upward momentum stall.\nAmazon.com Inc, Microsoft Corp, Facebook Inc and Google-owner Alphabet Inc all fell between 0.2% and 1.8%. A notable exception was Netflix Inc, which advanced 1.1% to close at an all-time high.\nU.S. stocks have regularly hit record highs over the past few weeks as a solid corporate earnings season and hopes of continued central bank support underpinned confidence.\nStill, each new data set is viewed through the prism of whether the numbers might influence the Federal Reserve's tapering timetable.\n\"I feel like sometimes we end up trying to read the tea-leaves too hard, and the Fed has been pretty good on communicating on (tapering),\" said Jason Pride, chief investment officer of private wealth at Glenmede, noting the Fed remains on the path to begin tapering around year-end.\nData on Thursday showed the number of Americans filing new claims for jobless benefits fell last week, although the focus will be on the Labor Department's monthly jobs report on Friday to set the stage for the Fed's policy meeting later this month.\n\"You have to see very wide beats or misses in this data to really change people's minds,\" said Greg Boutle, U.S. head of equity and derivative strategy at BNP Paribas.\n\"Investors are either in this renormalization camp that thinks inflation will not happen, or they believe there will be some persistence to inflation. Really, it will be a collection of beats or misses that will move the needle for investors and the Fed, rather than a single data point.\"\nThe Dow Jones Industrial Average rose 131.29 points, or 0.37%, to 35,443.82, the S&P 500 gained 12.86 points, or 0.28%, to 4,536.95 and the Nasdaq Composite added 21.80 points, or 0.14%, to 15,331.18.\nDespite deadly flash floods in New York City, trading on Wall Street was operating normally.\nWells Fargo rose 2.6% after three straight sessions of losses. The lender had been weighed by a report it could face further regulatory sanctions over the pace of compensating victims of a years-long sales practice scandal.\nVolume on U.S. exchanges was 9.23 billion shares, compared with the 9.01 billion average for the full session over the last 20 trading days.\nThe S&P 500 posted 78 new 52-week highs and one new low; the Nasdaq Composite recorded 154 new highs and 14 new lows.\n(Reporting by Shashank Nayar in Bengaluru and David French in New York; Editing by Aditya Soni and Lisa Shumaker)","news_type":1},"isVote":1,"tweetType":1,"viewCount":35,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802559062,"gmtCreate":1627790287456,"gmtModify":1703495919861,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559357742503712","authorIdStr":"3559357742503712"},"themes":[],"htmlText":"Never been easy ride all along","listText":"Never been easy ride all along","text":"Never been easy ride all along","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/802559062","repostId":"1142925544","repostType":4,"repost":{"id":"1142925544","kind":"news","pubTimestamp":1627787240,"share":"https://ttm.financial/m/news/1142925544?lang=&edition=fundamental","pubTime":"2021-08-01 11:07","market":"us","language":"en","title":"Investors, Beware! Stocks Are Entering the Most Dangerous Stretch of the Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1142925544","media":"Barron's","summary":"“Yes, it’s summer, my time of year,”as the group War sangin that golden oldie “Summer” from the 1970","content":"<p>“Yes, it’s summer, my time of year,”as the group War sangin that golden oldie “Summer” from the 1970s, recalling pleasant times at the beach or by the barbecue. No need to remind anyone back then of droughts, wildfires, or Covid-19 surges that are unfortunate features of the steamy season this year.</p>\n<p>But the coming of August also means entering what historically has been the most treacherous stretch of the year for stocks, according to data going back to 1928 compiled by Bank of America analyst Stephen Suttmeier. He finds that theS&amp;P 500index had a negative return averaging 0.03% in August, September, and October—the worst three-month span of the year for the big-cap benchmark. In fact, they constitute the only three-month period that averages in the red.</p>\n<p>August actually is bracketed by the best and worst months of the year, he adds in a research note. July averages a 1.58% return on the S&amp;P 500, with positive results 59.1% of the time, while September averages a negative 1.03%, ending in the plus column less than half of the time, or 45%.</p>\n<p>This July did even better than the norm, with the S&amp;P 500 gaining 2.27%. It also was the sixth consecutive up month for the index—the longest positive streak since September 2018, according to Dow Jones’ statistical mavens. During that period, its cumulative advance was 18.34%.</p>\n<p>August’s record is in between, with an average 0.70% S&amp;P 500 return and positive results 58.1% of the time, marking a transition from the “summer rip” to the “fall dip.”</p>\n<p>Not surprisingly, the laggard returns of the August-October period are accompanied by an uptick in volatility, Suttmeier finds. Based on records going back to 1992, theCboe Volatility Index,or VIX, has often seen spikes during those months, following relatively subdued volatility in the April-July period.</p>\n<p>Past isn’t necessarily prologue, but if it is, the timing of the initial public offering byRobinhood Markets(ticker: HOOD) might prove propitious, if the stock market does have its typical seasonal rough patch. The online broker, whose putative mission is to open investing to novices supposedly ignored by established outfits, sold 55 million shares at $38 on Thursday. In the process, it provided a valuable lesson to all those who got in on the IPO: Buy low and sell high.</p>\n<p>The company evidently fulfilled the latter imperative, selling its shares high, even though they were priced at the low end of the expected $38-$42 range. Their price sank 8.4% on their first day of trading, although they recouped a bit on Friday. By week’s end, buyers of Robinhood’s IPO who held were down 7.5%.</p>\n<p>Among those who sold high were the company’s co-founders, CEO Vladimir Tenev and Chief Creative Officer Baiju Bhatt, who each offloaded 1.25 million shares in the IPO. As my illustrious predecessor, Alan Abelson, liked to observe, there are many good reasons to sell a stock, but expecting it to go up isn’t one of them. That has never been more true, given the ability of rich owners to monetize their assets by borrowing against them cheaply, and without incurring capital-gains taxes.</p>\n<p>To be sure, Tenev and Bhatt still have significant stakes in Robinhood. Asour colleague Avi Salzman reported, these were worth $2.5 billion at the initial offering price, and Tenev and Bhatt retain voting control. The two also could receive awards of shares worth as much as $6.7 billion for Tenev and $4 billion for Bhatt, if the stock hits $300, or nearly the proverbial ten-bagger from here.</p>\n<p>But in a blow against income inequality, the potential billionaire pair took symbolic pay cuts, to $34,248, the average annual wage of American workers. As the comedian Yakov Smirnoff likes to say, “What a country!”</p>\n<p>How those workers are faring will be a subject of the monthly employment report slated for release this coming Friday.</p>\n<p>Economists’ forecasts for nonfarm payrolls center around a gain of 900,000. Jefferies economists Aneta Markowska and Thomas Simons estimate that the increase could top the long-anticipated one million mark; they forecast 1.2 million.</p>\n<p>Markowska and Simons think the expiration of supplemental unemployment benefits in some states will boost the labor supply, although that is a matter of significant debate. (For more on the jobs market, seethis week’s cover story.)</p>\n<p></p>","source":"lsy1610680873436","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>Investors, Beware! Stocks Are Entering the Most Dangerous Stretch of the Year</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\">\nInvestors, Beware! Stocks Are Entering the Most Dangerous Stretch of the Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-01 11:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/stocks-news-robinhood-sp500-51627692215?mod=hp_LATEST><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>“Yes, it’s summer, my time of year,”as the group War sangin that golden oldie “Summer” from the 1970s, recalling pleasant times at the beach or by the barbecue. No need to remind anyone back then of ...</p>\n\n<a href=\"https://www.barrons.com/articles/stocks-news-robinhood-sp500-51627692215?mod=hp_LATEST\">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.barrons.com/articles/stocks-news-robinhood-sp500-51627692215?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142925544","content_text":"“Yes, it’s summer, my time of year,”as the group War sangin that golden oldie “Summer” from the 1970s, recalling pleasant times at the beach or by the barbecue. No need to remind anyone back then of droughts, wildfires, or Covid-19 surges that are unfortunate features of the steamy season this year.\nBut the coming of August also means entering what historically has been the most treacherous stretch of the year for stocks, according to data going back to 1928 compiled by Bank of America analyst Stephen Suttmeier. He finds that theS&P 500index had a negative return averaging 0.03% in August, September, and October—the worst three-month span of the year for the big-cap benchmark. In fact, they constitute the only three-month period that averages in the red.\nAugust actually is bracketed by the best and worst months of the year, he adds in a research note. July averages a 1.58% return on the S&P 500, with positive results 59.1% of the time, while September averages a negative 1.03%, ending in the plus column less than half of the time, or 45%.\nThis July did even better than the norm, with the S&P 500 gaining 2.27%. It also was the sixth consecutive up month for the index—the longest positive streak since September 2018, according to Dow Jones’ statistical mavens. During that period, its cumulative advance was 18.34%.\nAugust’s record is in between, with an average 0.70% S&P 500 return and positive results 58.1% of the time, marking a transition from the “summer rip” to the “fall dip.”\nNot surprisingly, the laggard returns of the August-October period are accompanied by an uptick in volatility, Suttmeier finds. Based on records going back to 1992, theCboe Volatility Index,or VIX, has often seen spikes during those months, following relatively subdued volatility in the April-July period.\nPast isn’t necessarily prologue, but if it is, the timing of the initial public offering byRobinhood Markets(ticker: HOOD) might prove propitious, if the stock market does have its typical seasonal rough patch. The online broker, whose putative mission is to open investing to novices supposedly ignored by established outfits, sold 55 million shares at $38 on Thursday. In the process, it provided a valuable lesson to all those who got in on the IPO: Buy low and sell high.\nThe company evidently fulfilled the latter imperative, selling its shares high, even though they were priced at the low end of the expected $38-$42 range. Their price sank 8.4% on their first day of trading, although they recouped a bit on Friday. By week’s end, buyers of Robinhood’s IPO who held were down 7.5%.\nAmong those who sold high were the company’s co-founders, CEO Vladimir Tenev and Chief Creative Officer Baiju Bhatt, who each offloaded 1.25 million shares in the IPO. As my illustrious predecessor, Alan Abelson, liked to observe, there are many good reasons to sell a stock, but expecting it to go up isn’t one of them. That has never been more true, given the ability of rich owners to monetize their assets by borrowing against them cheaply, and without incurring capital-gains taxes.\nTo be sure, Tenev and Bhatt still have significant stakes in Robinhood. Asour colleague Avi Salzman reported, these were worth $2.5 billion at the initial offering price, and Tenev and Bhatt retain voting control. The two also could receive awards of shares worth as much as $6.7 billion for Tenev and $4 billion for Bhatt, if the stock hits $300, or nearly the proverbial ten-bagger from here.\nBut in a blow against income inequality, the potential billionaire pair took symbolic pay cuts, to $34,248, the average annual wage of American workers. As the comedian Yakov Smirnoff likes to say, “What a country!”\nHow those workers are faring will be a subject of the monthly employment report slated for release this coming Friday.\nEconomists’ forecasts for nonfarm payrolls center around a gain of 900,000. Jefferies economists Aneta Markowska and Thomas Simons estimate that the increase could top the long-anticipated one million mark; they forecast 1.2 million.\nMarkowska and Simons think the expiration of supplemental unemployment benefits in some states will boost the labor supply, although that is a matter of significant debate. (For more on the jobs market, seethis week’s cover story.)","news_type":1},"isVote":1,"tweetType":1,"viewCount":10,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353209293,"gmtCreate":1616497287012,"gmtModify":1704794850888,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559357742503712","authorIdStr":"3559357742503712"},"themes":[],"htmlText":"Rubbing salt to my wound","listText":"Rubbing salt to my wound","text":"Rubbing salt to my wound","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/353209293","repostId":"2121175991","repostType":4,"repost":{"id":"2121175991","kind":"news","pubTimestamp":1616486942,"share":"https://ttm.financial/m/news/2121175991?lang=&edition=fundamental","pubTime":"2021-03-23 16:09","market":"us","language":"en","title":"Who Needs a Sell-Off? These 3 Growth Stocks Are More Than 30% Off Their Highs","url":"https://stock-news.laohu8.com/highlight/detail?id=2121175991","media":"Motley Fool","summary":"A lot of growth stocks are hitting new highs, but these three speedsters are trading 33% to 35% below their recent peaks.","content":"<p>A lot of growth stocks are hitting new highs, but these three speedsters are trading 33% to 35% below their recent peaks.</p>\n<p>There were 1,634 stocks listed on the major U.S. exchanges hitting fresh 52-week highs last week, but a lot of fast-growing companies have been left behind. It won't always be that way.</p>\n<p><b>Coupang</b> (NYSE:CPNG),<b>NIO</b>&nbsp;(NYSE:NIO), and<b>Fiverr International</b> (NYSE:FVRR) are posting strong year-over-year growth, but their stock prices aren't following suit. All three have fallen by 30% or more since their recent highs. All three are strong candidates to bounce back, because growth always gets the last laugh.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/451eb217538b29dd0e7a6005adf6645a\" tg-width=\"700\" tg-height=\"434\"><span>Image source: Getty Images.</span></p>\n<p><b>Coupang: 35% off</b></p>\n<p>South Korea's e-commerce speedster has had a wild first few days of trading. It hit the market at $35 two weeks ago, but like most buzz-worthy debutantes, demand was stronger than its IPO price tag. Coupang stock opened at $63.50, peaking at $69 on its first day of trading. It became South Korea's second most-valuable public company by market cap, but has gone on to shed more than a third of its peak value as of Friday's close.</p>\n<p>Coupang is growing at a ridiculous clip. Net revenue soared 91% to hit nearly $12 billion last year, accelerating from a 55% pace in 2019. The pandemic has naturally played a part in the booming popularity of online retailers, but keep in mind that South Korea -- despite a surge of cases in recent months -- has been <a href=\"https://laohu8.com/S/AONE\">one</a> of the more resilient countries through the COVID-19 crisis.</p>\n<p>Coupang is still not profitable, but its losses have narrowed sharply in back-to-back years. The stock tumbled last week after conditions were met for a partial early lock-up release, but that's just <a href=\"https://laohu8.com/S/AONE.U\">one</a> thing fewer for investors to worry about later this year. Coupang's growth and market dominance will bring rewards for those who are opportunistic today and patient tomorrow.</p>\n<p><b>NIO: 35% off</b></p>\n<p>Another stock beginning this week fetching 35% less than its all-time high is NIO. Electric vehicles were all the rave last year, and China's market darling in this niche was a star. The stock popped 12-fold in 2020. Revenue more than doubled last year, and it delivered a record 17,373 vehicles in its latest quarter. Analysts see NIO's top line more than doubling again in 2021.</p>\n<p>Did NIO's stock fly too high last year? There is still a lot to like here. Being a leader in the world's most populous nation matters, and it only helps that China is pushing EVs as a way to combat the country's air pollution woes. NIO has years of heady growth in China, and then we get to its potential as a global leader beyond that. The stock is still not cheap by most valuation metrics, particularly in the realm of low-margin automotive stocks. You have to pay a premium for this kind of growth, and right now it's on sale.</p>\n<p><b>Fiverr: 33% off</b></p>\n<p>Compared to Coupang and NIO, Fiverr's 33% haircut from its February highs is relatively tame. It's also trading higher year to date, a testament to the stock's early surge in 2021 after a monster 2020. But it's still attractive right now.</p>\n<p>The gig economy has been kind to Fiverr, an online marketplace for freelance services, and the pandemic has made it even more magnetic to talent seekers and talent alike. Revenue climbed 77% last year, accelerating to a 89% clip in its latest quarterly report. With 3.4 million active buyers -- up 45% over the past year -- and those buyers spending more on the platform, it's hard to bet against Fiverr.</p>\n<p>Coupang, NIO, and Fiverr are growth stocks available at steep markdowns right now. Get your due diligence done soon. The discounts may not last forever.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Who Needs a Sell-Off? These 3 Growth Stocks Are More Than 30% Off Their Highs</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\">\nWho Needs a Sell-Off? These 3 Growth Stocks Are More Than 30% Off Their Highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 16:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/22/who-needs-a-sell-off-these-3-growth-stocks-are-mor/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A lot of growth stocks are hitting new highs, but these three speedsters are trading 33% to 35% below their recent peaks.\nThere were 1,634 stocks listed on the major U.S. exchanges hitting fresh 52-...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/22/who-needs-a-sell-off-these-3-growth-stocks-are-mor/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FVRR":"Fiverr International Ltd.","NIO":"蔚来","CPNG":"Coupang, Inc."},"source_url":"https://www.fool.com/investing/2021/03/22/who-needs-a-sell-off-these-3-growth-stocks-are-mor/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2121175991","content_text":"A lot of growth stocks are hitting new highs, but these three speedsters are trading 33% to 35% below their recent peaks.\nThere were 1,634 stocks listed on the major U.S. exchanges hitting fresh 52-week highs last week, but a lot of fast-growing companies have been left behind. It won't always be that way.\nCoupang (NYSE:CPNG),NIO (NYSE:NIO), andFiverr International (NYSE:FVRR) are posting strong year-over-year growth, but their stock prices aren't following suit. All three have fallen by 30% or more since their recent highs. All three are strong candidates to bounce back, because growth always gets the last laugh.\nImage source: Getty Images.\nCoupang: 35% off\nSouth Korea's e-commerce speedster has had a wild first few days of trading. It hit the market at $35 two weeks ago, but like most buzz-worthy debutantes, demand was stronger than its IPO price tag. Coupang stock opened at $63.50, peaking at $69 on its first day of trading. It became South Korea's second most-valuable public company by market cap, but has gone on to shed more than a third of its peak value as of Friday's close.\nCoupang is growing at a ridiculous clip. Net revenue soared 91% to hit nearly $12 billion last year, accelerating from a 55% pace in 2019. The pandemic has naturally played a part in the booming popularity of online retailers, but keep in mind that South Korea -- despite a surge of cases in recent months -- has been one of the more resilient countries through the COVID-19 crisis.\nCoupang is still not profitable, but its losses have narrowed sharply in back-to-back years. The stock tumbled last week after conditions were met for a partial early lock-up release, but that's just one thing fewer for investors to worry about later this year. Coupang's growth and market dominance will bring rewards for those who are opportunistic today and patient tomorrow.\nNIO: 35% off\nAnother stock beginning this week fetching 35% less than its all-time high is NIO. Electric vehicles were all the rave last year, and China's market darling in this niche was a star. The stock popped 12-fold in 2020. Revenue more than doubled last year, and it delivered a record 17,373 vehicles in its latest quarter. Analysts see NIO's top line more than doubling again in 2021.\nDid NIO's stock fly too high last year? There is still a lot to like here. Being a leader in the world's most populous nation matters, and it only helps that China is pushing EVs as a way to combat the country's air pollution woes. NIO has years of heady growth in China, and then we get to its potential as a global leader beyond that. The stock is still not cheap by most valuation metrics, particularly in the realm of low-margin automotive stocks. You have to pay a premium for this kind of growth, and right now it's on sale.\nFiverr: 33% off\nCompared to Coupang and NIO, Fiverr's 33% haircut from its February highs is relatively tame. It's also trading higher year to date, a testament to the stock's early surge in 2021 after a monster 2020. But it's still attractive right now.\nThe gig economy has been kind to Fiverr, an online marketplace for freelance services, and the pandemic has made it even more magnetic to talent seekers and talent alike. Revenue climbed 77% last year, accelerating to a 89% clip in its latest quarterly report. With 3.4 million active buyers -- up 45% over the past year -- and those buyers spending more on the platform, it's hard to bet against Fiverr.\nCoupang, NIO, and Fiverr are growth stocks available at steep markdowns right now. Get your due diligence done soon. The discounts may not last forever.","news_type":1},"isVote":1,"tweetType":1,"viewCount":238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965601207,"gmtCreate":1669940762509,"gmtModify":1676538273738,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559357742503712","authorIdStr":"3559357742503712"},"themes":[],"htmlText":"[Speechless]&nbsp;","listText":"[Speechless]&nbsp;","text":"[Speechless]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965601207","repostId":"2288985598","repostType":4,"repost":{"id":"2288985598","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1669935750,"share":"https://ttm.financial/m/news/2288985598?lang=&edition=fundamental","pubTime":"2022-12-02 07:02","market":"us","language":"en","title":"US STOCKS-Wall Street Ends Mixed; Salesforce Selloff Pressures Dow","url":"https://stock-news.laohu8.com/highlight/detail?id=2288985598","media":"Reuters","summary":"Salesforce drops on co-CEO exit planDollar General falls on slashing annual profit viewU.S. manufact","content":"<html><head></head><body><ul><li>Salesforce drops on co-CEO exit plan</li><li>Dollar General falls on slashing annual profit view</li><li>U.S. manufacturing shrinks for first time in 2-1/2 years in Nov</li></ul><p><img src=\"https://static.tigerbbs.com/e7238b54d469f0f4aff99a01c5ac690f\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>Dec 1 (Reuters) - Wall Street ended mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders digested U.S. data that suggested the Federal Reserve&#39;s interest rate hikes are working.</p><p>On Wednesday, the S&amp;P 500 surged over 3% on optimism the Fed might moderate its campaign of interest rate hikes.</p><p>U.S. manufacturing activity shrank in November for the first time in 2-1/2 years as higher borrowing costs weighed on demand for goods, data showed, evidence the Fed&#39;s rate hikes have cooled the economy.</p><p>The personal consumption expenditures (PCE) price index rose 0.3%, the same as in September, and over the 12 months through October the index increased 6.0% after advancing 6.3% the prior month.</p><p>Excluding the volatile food and energy components, the PCE price index rose 0.2%, one-tenth less than expected, after gaining 0.5% in September.</p><p>&#34;On a normal day, the package of data this morning would be pretty risk-on, but after the rally yesterday, I think it&#39;s not quite good enough to push another leg higher,&#34; said Ross Mayfield, an investment strategy analyst at Baird.</p><p>Wednesday&#39;s rally drove the S&amp;P 500 index above its 200-day moving average for the first time since April after Fed Chair Jerome Powell said it was time to slow the pace of interest rate hikes.</p><p>Traders now see a 79% chance the Fed will increase its key benchmark rate by 50 basis points in December and a 21% chance it will hike rates by 75 basis points.</p><p>Salesforce Inc tumbled after the software maker said Bret Taylor would step down as co-chief executive officer in January.</p><p>Dollar General Corp fell after the discount retailer cut its annual profit forecast, while Costco Wholesale Corp dropped after the membership-only retail chain reported slower sales growth in November.</p><p>According to preliminary data, the S&amp;P 500 lost 2.31 points, or 0.06%, to end at 4,077.80 points, while the Nasdaq Composite gained 15.22 points, or 0.13%, to 11,483.21. The Dow Jones Industrial Average fell 193.24 points, or 0.56%, to 34,397.42.</p><p>A report from the Labor Department on Thursday showed initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 225,000 for the week ended Nov. 26.</p><p>Investors now await nonfarm payrolls data on Friday for clues about how rate hikes have affected the labor market.</p><p>With a month left in 2022, the S&amp;P 500 is down about 14% year to date, and the Nasdaq has lost about 27%. (Reporting by Ankika Biswas and Shreyashi Sanyal in Bengaluru, and by Noel Randewich in Oakland, Calif.; Editing by Shounak Dasgupta and David Gregorio)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Ends Mixed; Salesforce Selloff Pressures Dow</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\">\nUS STOCKS-Wall Street Ends Mixed; Salesforce Selloff Pressures Dow\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-12-02 07:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>Salesforce drops on co-CEO exit plan</li><li>Dollar General falls on slashing annual profit view</li><li>U.S. manufacturing shrinks for first time in 2-1/2 years in Nov</li></ul><p><img src=\"https://static.tigerbbs.com/e7238b54d469f0f4aff99a01c5ac690f\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>Dec 1 (Reuters) - Wall Street ended mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders digested U.S. data that suggested the Federal Reserve&#39;s interest rate hikes are working.</p><p>On Wednesday, the S&amp;P 500 surged over 3% on optimism the Fed might moderate its campaign of interest rate hikes.</p><p>U.S. manufacturing activity shrank in November for the first time in 2-1/2 years as higher borrowing costs weighed on demand for goods, data showed, evidence the Fed&#39;s rate hikes have cooled the economy.</p><p>The personal consumption expenditures (PCE) price index rose 0.3%, the same as in September, and over the 12 months through October the index increased 6.0% after advancing 6.3% the prior month.</p><p>Excluding the volatile food and energy components, the PCE price index rose 0.2%, one-tenth less than expected, after gaining 0.5% in September.</p><p>&#34;On a normal day, the package of data this morning would be pretty risk-on, but after the rally yesterday, I think it&#39;s not quite good enough to push another leg higher,&#34; said Ross Mayfield, an investment strategy analyst at Baird.</p><p>Wednesday&#39;s rally drove the S&amp;P 500 index above its 200-day moving average for the first time since April after Fed Chair Jerome Powell said it was time to slow the pace of interest rate hikes.</p><p>Traders now see a 79% chance the Fed will increase its key benchmark rate by 50 basis points in December and a 21% chance it will hike rates by 75 basis points.</p><p>Salesforce Inc tumbled after the software maker said Bret Taylor would step down as co-chief executive officer in January.</p><p>Dollar General Corp fell after the discount retailer cut its annual profit forecast, while Costco Wholesale Corp dropped after the membership-only retail chain reported slower sales growth in November.</p><p>According to preliminary data, the S&amp;P 500 lost 2.31 points, or 0.06%, to end at 4,077.80 points, while the Nasdaq Composite gained 15.22 points, or 0.13%, to 11,483.21. The Dow Jones Industrial Average fell 193.24 points, or 0.56%, to 34,397.42.</p><p>A report from the Labor Department on Thursday showed initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 225,000 for the week ended Nov. 26.</p><p>Investors now await nonfarm payrolls data on Friday for clues about how rate hikes have affected the labor market.</p><p>With a month left in 2022, the S&amp;P 500 is down about 14% year to date, and the Nasdaq has lost about 27%. (Reporting by Ankika Biswas and Shreyashi Sanyal in Bengaluru, and by Noel Randewich in Oakland, Calif.; Editing by Shounak Dasgupta and David Gregorio)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288985598","content_text":"Salesforce drops on co-CEO exit planDollar General falls on slashing annual profit viewU.S. manufacturing shrinks for first time in 2-1/2 years in NovDec 1 (Reuters) - Wall Street ended mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders digested U.S. data that suggested the Federal Reserve's interest rate hikes are working.On Wednesday, the S&P 500 surged over 3% on optimism the Fed might moderate its campaign of interest rate hikes.U.S. manufacturing activity shrank in November for the first time in 2-1/2 years as higher borrowing costs weighed on demand for goods, data showed, evidence the Fed's rate hikes have cooled the economy.The personal consumption expenditures (PCE) price index rose 0.3%, the same as in September, and over the 12 months through October the index increased 6.0% after advancing 6.3% the prior month.Excluding the volatile food and energy components, the PCE price index rose 0.2%, one-tenth less than expected, after gaining 0.5% in September.\"On a normal day, the package of data this morning would be pretty risk-on, but after the rally yesterday, I think it's not quite good enough to push another leg higher,\" said Ross Mayfield, an investment strategy analyst at Baird.Wednesday's rally drove the S&P 500 index above its 200-day moving average for the first time since April after Fed Chair Jerome Powell said it was time to slow the pace of interest rate hikes.Traders now see a 79% chance the Fed will increase its key benchmark rate by 50 basis points in December and a 21% chance it will hike rates by 75 basis points.Salesforce Inc tumbled after the software maker said Bret Taylor would step down as co-chief executive officer in January.Dollar General Corp fell after the discount retailer cut its annual profit forecast, while Costco Wholesale Corp dropped after the membership-only retail chain reported slower sales growth in November.According to preliminary data, the S&P 500 lost 2.31 points, or 0.06%, to end at 4,077.80 points, while the Nasdaq Composite gained 15.22 points, or 0.13%, to 11,483.21. The Dow Jones Industrial Average fell 193.24 points, or 0.56%, to 34,397.42.A report from the Labor Department on Thursday showed initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 225,000 for the week ended Nov. 26.Investors now await nonfarm payrolls data on Friday for clues about how rate hikes have affected the labor market.With a month left in 2022, the S&P 500 is down about 14% year to date, and the Nasdaq has lost about 27%. (Reporting by Ankika Biswas and Shreyashi Sanyal in Bengaluru, and by Noel Randewich in Oakland, Calif.; Editing by Shounak Dasgupta and David Gregorio)","news_type":1},"isVote":1,"tweetType":1,"viewCount":139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9901076732,"gmtCreate":1659105187326,"gmtModify":1676536258394,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559357742503712","authorIdStr":"3559357742503712"},"themes":[],"htmlText":"excellent insight&nbsp;[ShakeHands]&nbsp;[Salute]&nbsp;[Like]&nbsp;[Like]&nbsp;[Like]&nbsp;","listText":"excellent insight&nbsp;[ShakeHands]&nbsp;[Salute]&nbsp;[Like]&nbsp;[Like]&nbsp;[Like]&nbsp;","text":"excellent insight [ShakeHands] [Salute] [Like] [Like] [Like]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901076732","repostId":"1114809450","repostType":4,"repost":{"id":"1114809450","kind":"news","pubTimestamp":1659108300,"share":"https://ttm.financial/m/news/1114809450?lang=&edition=fundamental","pubTime":"2022-07-29 23:25","market":"us","language":"en","title":"Alibaba Vs. JD.Com: Let's Hear The Bears Out","url":"https://stock-news.laohu8.com/highlight/detail?id=1114809450","media":"Seeking Alpha","summary":"SummaryI am a long-term Alibaba Bull, but here I will argue against my own bull thesis.My favorite C","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>I am a long-term Alibaba Bull, but here I will argue against my own bull thesis.</li><li>My favorite Charles Munger quote is not to comment on a topic until I can argue against myself better than the people on the other side.</li><li>Following this wisdom, the focus here is to address some potential risks for Alibaba that are not often discussed.</li><li>And these risks are best illustrated by comparison and contrast against JD.com.</li><li>The goal is not to dismiss these risks (they are 100% valid), but to provide a full view so both bears and bulls can all make informed decisions.</li></ul><p><b>Thesis</b></p><p>My last comparison article on Alibaba Group Holding Limited (NYSE:BABA,OTCPK:BABAF) and JD.com, Inc. (NASDAQ:JD) was co-produced with Sensor Unlimited and published back in May 2022. That article focused on the similarities and differences in their business fundamentals and the megatrend in the Asian-Pacific regions.</p><p>In this article, I want to compare them again, but from a completely different angle and for a completely different purpose. This time, I want to compare them to address many of the risks facing BABA. Some of these risks have been often mentioned by BABA bears, while some of them are less mentioned (like BABA’s profitability sustainability and platform role). All these risks are 100% valid to me. So, the point of this article is not to prove the bears to be wrong. To the contrary, their concerns are 100% valid to me. I am here to hear them out and provide my thoughts so both bulls and bears can all make informed decisions.</p><p>After all, the hallmark of a first-rate mind is the ability to hold conflicting views at the same time without losing the ability to act.</p><p>And we will start with the elephant in the room first – the risk in China.</p><p><b>Risk in China</b></p><p>The implied argument here is that the BABA thesis does not depend much on its business fundamentals. Instead, the Chinese government (or the CCP, or the VIE structure, et al) is a central part (or even all) of the thesis.</p><p>As just mentioned, it is a 100% valid argument to me, and I am not here to dismiss it or prove it wrong. I am here to provide my perspective for a full view. And I invite BABA investors or potential BABA investors to consider the following aspects.</p><p>First, I feel the argument is border-lining a political or ideological discussion. Not say political or ideological considerations are not important in investment decisions – to the contrary, they are very important. However, they are difficult to quantify. To me, investing is pretty much all about PRICING risks. It is hard to put a price tag on risks that you cannot quantify. As such, I won’t dwell more on this issue here myself. I recommend Ray Dalio’s recent book entitled “Principles for Dealing with the Changing World Order” for readers who are interested in his view on politics and ideologies. I feel he has deeper insights about China than most Chinese themselves. And, of course, he understands the West deeper than most westerners too. A few quotes from his book are provided below:</p><blockquote><ul><li><i>“I urge those of you who have not spent considerable time in China to look past the caricatured pictures that are often painted by biased parties and rid yourself of any stereotypes you might have that are based on what you thought you knew about the old “communist China” - because they are wrong.</i></li><li><i>“As an aside, I think the widespread medium distortions and the blind and the near-violent loyalties that stand in the way of the thoughtful exploration of our different perspectives are a frightening sign of our times.”</i></li></ul></blockquote><p>Second, this is where JD enters the picture. If the risk is valid, then it should apply to all other major Chinese firms too, such as BABA’s close peer JD. After all, they all operate in the same country and are governed by the same laws (or lack of laws, as many have bears argued). If BABA’s business fundamentals don’t mean much to the investment thesis, then neither should JD’s.</p><p>However, reality does not seem to confirm. The following chart shows a simple counterexample in terms of stock price actions. As you can see from the below chart, over the past year, JD suffered a total loss of around 4%, totally within the range of random fluctuations. On the other hand, BABA&#39;s stock price suffered a total loss of more than 46% in the past years.</p><p>And as you already know, JD is still trading at a healthy (or even lofty) valuation with a P/E around 35x. This leads us to the next risk associated with BABA, its profitability. And we will discuss this next.</p><p><img src=\"https://static.tigerbbs.com/32d445f99fbb8cf67372cf8ba8707ca8\" tg-width=\"640\" tg-height=\"434\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>But BABA also has higher margins</b></p><p>The next bearish argument is that due to the regulatory changes, BABA’s good old days are gone and its profitability couldn&#39;t sustain in the future. Therefore, its valuation should be discounted correspondingly.</p><p>A very valid argument again. And moreover, this argument is indeed supported by data, as you can see from the top panel in the next chart. To net profit margin as an example, BABA’s margin has been quite stable and fluctuated in a narrow range between about 20% to 30% in the past before the tech crackdown started in 2020. Then it declined all the way to the current level of 6.4%.</p><p>But as advised by Charlie Munger, being smart is all about actively looking for disconfirming evidence, not confirming evidence. And JD’s margin, shown in the bottom panel of this chart, is an easy disconfirming evince to find. You can see JD’s net margin has declined (and in a more dramatic fashion) since 2021, it is currently in the negative (-1%), and its long-term average is nowhere near BABA’s. In terms of long-term averages, BABA’s margin of 23% is 13x higher than JD’s 1.7%. Even when we compared BABA’s current margin of 6.4% against JD’s long-term average (kind of unfair), BABA is still ahead by about 3.8x.</p><p>And this leads us yet to the next bears’ argument associated with BABA, which goes more or less like this: margins (or profitability in general) are not the whole story, and their business models are not entirely comparable. And we will address this next.</p><p><img src=\"https://static.tigerbbs.com/c68b1d15c317dd7a3a7c0e642dbbbda1\" tg-width=\"640\" tg-height=\"448\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>Business model comparison</b></p><p>A few key differences here. First, even though BABA is better known and bigger than JD in market-cap (by almost 3x), JD’s revenues are actually larger than BABA. JD is China&#39;s largest direct retailer in terms of revenue. Second, JD relies almost exclusively on a single source of revenue while BABA is more diversified. JD&#39;s retail business represents 94% of its total sales and almost 100% of its total profits. BABA&#39;s core eCommerce operation “only” accounts for about 87% of its total sales, with the rest coming from other segments such as its cloud service.</p><p>Now, even within the e-commerce segment, they are very different. JD’s main operation is its first-party marketplace. It sells its own goods and keeps its own inventories. In contrast, BABA’s main role is to provide a platform and act as a third party. For reference, Amazon (AMZN) is more of a hybrid. Its Third-Party Sales and First-Party Sales are about an even split in recent years.</p><p>The focus of this article is not trying to argue which model (first-party, third-party, or a hybrid) is better, although that would be a fascinating topic for another article. The point is to acknowledge the bears’ point that net profit margin is not the entire picture because of the differences in business fundamentals</p><p>Or to put it differently, margins do not entirely determine profitability. Intuitively, the reasons are summarized by the following simple example used in one of our earlier articles:</p><blockquote><i>If you buy an orange today for $1 and sell it tomorrow for $1.01, your margin is a meager 1% but your ROIC (which is your true profitability) would be an astronomical 365%. There are three knobs that management can turn to drive up profitability: profit margin (“PM”), asset turnover ratio (“ATR”), and leverage. And PM is only one of the 3 knobs.</i></blockquote><p>And different business models lead to different ATR, as you can clearly see from the following chart. Because of its third-party dominant model, BABA’s ATR has been on average about 0.45x in the past five years (although note that the trend has been improving). In contrast, JD’s ATR is much higher. It has fluctuated in a range from 1.97x to about 2.46x in the past five years, with an average of 2.23x. So, because of its first-party dominant model, JD can operate its asset much more effectively than BABA, on average by about a factor of almost 5x.</p><p><img src=\"https://static.tigerbbs.com/75deb5d294785307e58c8b1e54eb6bc0\" tg-width=\"640\" tg-height=\"449\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>True profitability comparison</b></p><p>The next chart compares their return on capital employed (“ROCE”), a comprehensive measure of profitability combining the effects of all three knobs as detailed in my free blog article here. As seen, their current ROCE is on the same order of magnitude – both are at terrific levels. They are not different by 3.8x as net margin would suggest or by 5x as asset utilization would. BABA’s ROCE currently stands at about 95%, and JD at about 85%. Both JD and BABA’s ROCEs have been in decline since 2020 while BABA’s decline is more dramatic.</p><p><img src=\"https://static.tigerbbs.com/1720d0a06becf9ad3bb5dfa46b2ff913\" tg-width=\"640\" tg-height=\"336\" referrerpolicy=\"no-referrer\"/></p><p>Author</p><p><b>Yet BABA P/E is less than ½ of JD</b></p><p>The comparable ROCE now leads me to the following valuation comparison. As you can see, despite very comparable ROCE (BABA is actually higher), BABA&#39;s valuation is less than ½ of JD by most metrics. Let me cite a few examples. BABA’s FY1 P/E of 13.8x is almost only 1/3 of JD’s 35x. Its FY2 P/E of 11.5x is less than 1/2 of JD’s 23.8x.</p><p>And next, we will see that the valuation discount is a bit less than what&#39;s on the surface because of the differences in their balance sheets.</p><p><img src=\"https://static.tigerbbs.com/f8e55787bae44c98c1e22fd8103edec6\" tg-width=\"640\" tg-height=\"566\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>Balance sheet and adjusted P/E</b></p><p>Currently, BABA has about $72 billion of cash on its ledger and JD about $28 billion, translating into $26.8 per share for BABA and about $18.6 dollars per share for JD. Both of them also have some debt but the debt is both lower than the cash position. As a result, both carry a net cash position (a quite sizable one) on their ledger. The net cash position for BABA is about $44.5 billion and for JD about $8.3 billion.</p><p>In other words, at their current market cap ($274 billion for BABA and $96 billion for JD), about 16% of BABA’s market cap is just its cash and the percentage is about 20.8% for JD.</p><p>When we subtract the cash out of the stock price, their Pes would both become lower. For BABA, the FY1 P/E would become only 11.6x after adjusting for its cash position. And for JD, the FY1 P/E would become 27.7x, still more than 2x above BABA.</p><p><img src=\"https://static.tigerbbs.com/bec38b2bfebedfcb0394b6a639e2b5b6\" tg-width=\"640\" tg-height=\"300\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>Final thoughts and risks</b></p><p>Even though I feel the market has gone too far in the fear direction for BABA (or not enough for JD), I think the bearish arguments are 100% valid. The common bearish concerns concerning BABA such as risk in China, profitability sustainability, and business model, are 100% valid. And I hope the comparison and contrast against its close peer JD better accentuate these concerns so we can all make better investment decisions.</p><p>Finally, besides the above risks mentioned. There are also unfolding macroscopic risks that could impact both BABA and JD. BABA has more exposure overseas and will be more sensitive to global geopolitics such as the Russian/Ukraine situation. The upside is that it’s better poised to tap into the global eCommerce movement, especially in the Asian-Pacific region. There are also macroeconomic headwinds specific to China, which would impact both BABA and JD. In the short term, China faces the challenge of balancing COVID control and economic growth. The World Bank projects its GDP growth to slow in 2022 to 4.3 percent (0.8% lower than China’s own economic update).</p><p>At the same time, China’s housing market is seeing weakening demand and dealing with sizable debt issues. A JPMorgan report estimated that the housing sector has been contributing up to 25% of its GDP when related sectors are considered in the past few years. But demand for housing is predicted to fall 47% by 2030. Such a large decline will create ripple effects throughout its entire economy.</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>Alibaba Vs. JD.Com: Let's Hear The Bears Out</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\">\nAlibaba Vs. JD.Com: Let's Hear The Bears Out\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-29 23:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4526927-alibaba-vs-jdcom-lets-hear-the-bears-out?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A41><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryI am a long-term Alibaba Bull, but here I will argue against my own bull thesis.My favorite Charles Munger quote is not to comment on a topic until I can argue against myself better than the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4526927-alibaba-vs-jdcom-lets-hear-the-bears-out?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A41\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JD":"京东","09618":"京东集团-SW","BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://seekingalpha.com/article/4526927-alibaba-vs-jdcom-lets-hear-the-bears-out?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A41","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114809450","content_text":"SummaryI am a long-term Alibaba Bull, but here I will argue against my own bull thesis.My favorite Charles Munger quote is not to comment on a topic until I can argue against myself better than the people on the other side.Following this wisdom, the focus here is to address some potential risks for Alibaba that are not often discussed.And these risks are best illustrated by comparison and contrast against JD.com.The goal is not to dismiss these risks (they are 100% valid), but to provide a full view so both bears and bulls can all make informed decisions.ThesisMy last comparison article on Alibaba Group Holding Limited (NYSE:BABA,OTCPK:BABAF) and JD.com, Inc. (NASDAQ:JD) was co-produced with Sensor Unlimited and published back in May 2022. That article focused on the similarities and differences in their business fundamentals and the megatrend in the Asian-Pacific regions.In this article, I want to compare them again, but from a completely different angle and for a completely different purpose. This time, I want to compare them to address many of the risks facing BABA. Some of these risks have been often mentioned by BABA bears, while some of them are less mentioned (like BABA’s profitability sustainability and platform role). All these risks are 100% valid to me. So, the point of this article is not to prove the bears to be wrong. To the contrary, their concerns are 100% valid to me. I am here to hear them out and provide my thoughts so both bulls and bears can all make informed decisions.After all, the hallmark of a first-rate mind is the ability to hold conflicting views at the same time without losing the ability to act.And we will start with the elephant in the room first – the risk in China.Risk in ChinaThe implied argument here is that the BABA thesis does not depend much on its business fundamentals. Instead, the Chinese government (or the CCP, or the VIE structure, et al) is a central part (or even all) of the thesis.As just mentioned, it is a 100% valid argument to me, and I am not here to dismiss it or prove it wrong. I am here to provide my perspective for a full view. And I invite BABA investors or potential BABA investors to consider the following aspects.First, I feel the argument is border-lining a political or ideological discussion. Not say political or ideological considerations are not important in investment decisions – to the contrary, they are very important. However, they are difficult to quantify. To me, investing is pretty much all about PRICING risks. It is hard to put a price tag on risks that you cannot quantify. As such, I won’t dwell more on this issue here myself. I recommend Ray Dalio’s recent book entitled “Principles for Dealing with the Changing World Order” for readers who are interested in his view on politics and ideologies. I feel he has deeper insights about China than most Chinese themselves. And, of course, he understands the West deeper than most westerners too. A few quotes from his book are provided below:“I urge those of you who have not spent considerable time in China to look past the caricatured pictures that are often painted by biased parties and rid yourself of any stereotypes you might have that are based on what you thought you knew about the old “communist China” - because they are wrong.“As an aside, I think the widespread medium distortions and the blind and the near-violent loyalties that stand in the way of the thoughtful exploration of our different perspectives are a frightening sign of our times.”Second, this is where JD enters the picture. If the risk is valid, then it should apply to all other major Chinese firms too, such as BABA’s close peer JD. After all, they all operate in the same country and are governed by the same laws (or lack of laws, as many have bears argued). If BABA’s business fundamentals don’t mean much to the investment thesis, then neither should JD’s.However, reality does not seem to confirm. The following chart shows a simple counterexample in terms of stock price actions. As you can see from the below chart, over the past year, JD suffered a total loss of around 4%, totally within the range of random fluctuations. On the other hand, BABA's stock price suffered a total loss of more than 46% in the past years.And as you already know, JD is still trading at a healthy (or even lofty) valuation with a P/E around 35x. This leads us to the next risk associated with BABA, its profitability. And we will discuss this next.Seeking AlphaBut BABA also has higher marginsThe next bearish argument is that due to the regulatory changes, BABA’s good old days are gone and its profitability couldn't sustain in the future. Therefore, its valuation should be discounted correspondingly.A very valid argument again. And moreover, this argument is indeed supported by data, as you can see from the top panel in the next chart. To net profit margin as an example, BABA’s margin has been quite stable and fluctuated in a narrow range between about 20% to 30% in the past before the tech crackdown started in 2020. Then it declined all the way to the current level of 6.4%.But as advised by Charlie Munger, being smart is all about actively looking for disconfirming evidence, not confirming evidence. And JD’s margin, shown in the bottom panel of this chart, is an easy disconfirming evince to find. You can see JD’s net margin has declined (and in a more dramatic fashion) since 2021, it is currently in the negative (-1%), and its long-term average is nowhere near BABA’s. In terms of long-term averages, BABA’s margin of 23% is 13x higher than JD’s 1.7%. Even when we compared BABA’s current margin of 6.4% against JD’s long-term average (kind of unfair), BABA is still ahead by about 3.8x.And this leads us yet to the next bears’ argument associated with BABA, which goes more or less like this: margins (or profitability in general) are not the whole story, and their business models are not entirely comparable. And we will address this next.Seeking AlphaBusiness model comparisonA few key differences here. First, even though BABA is better known and bigger than JD in market-cap (by almost 3x), JD’s revenues are actually larger than BABA. JD is China's largest direct retailer in terms of revenue. Second, JD relies almost exclusively on a single source of revenue while BABA is more diversified. JD's retail business represents 94% of its total sales and almost 100% of its total profits. BABA's core eCommerce operation “only” accounts for about 87% of its total sales, with the rest coming from other segments such as its cloud service.Now, even within the e-commerce segment, they are very different. JD’s main operation is its first-party marketplace. It sells its own goods and keeps its own inventories. In contrast, BABA’s main role is to provide a platform and act as a third party. For reference, Amazon (AMZN) is more of a hybrid. Its Third-Party Sales and First-Party Sales are about an even split in recent years.The focus of this article is not trying to argue which model (first-party, third-party, or a hybrid) is better, although that would be a fascinating topic for another article. The point is to acknowledge the bears’ point that net profit margin is not the entire picture because of the differences in business fundamentalsOr to put it differently, margins do not entirely determine profitability. Intuitively, the reasons are summarized by the following simple example used in one of our earlier articles:If you buy an orange today for $1 and sell it tomorrow for $1.01, your margin is a meager 1% but your ROIC (which is your true profitability) would be an astronomical 365%. There are three knobs that management can turn to drive up profitability: profit margin (“PM”), asset turnover ratio (“ATR”), and leverage. And PM is only one of the 3 knobs.And different business models lead to different ATR, as you can clearly see from the following chart. Because of its third-party dominant model, BABA’s ATR has been on average about 0.45x in the past five years (although note that the trend has been improving). In contrast, JD’s ATR is much higher. It has fluctuated in a range from 1.97x to about 2.46x in the past five years, with an average of 2.23x. So, because of its first-party dominant model, JD can operate its asset much more effectively than BABA, on average by about a factor of almost 5x.Seeking AlphaTrue profitability comparisonThe next chart compares their return on capital employed (“ROCE”), a comprehensive measure of profitability combining the effects of all three knobs as detailed in my free blog article here. As seen, their current ROCE is on the same order of magnitude – both are at terrific levels. They are not different by 3.8x as net margin would suggest or by 5x as asset utilization would. BABA’s ROCE currently stands at about 95%, and JD at about 85%. Both JD and BABA’s ROCEs have been in decline since 2020 while BABA’s decline is more dramatic.AuthorYet BABA P/E is less than ½ of JDThe comparable ROCE now leads me to the following valuation comparison. As you can see, despite very comparable ROCE (BABA is actually higher), BABA's valuation is less than ½ of JD by most metrics. Let me cite a few examples. BABA’s FY1 P/E of 13.8x is almost only 1/3 of JD’s 35x. Its FY2 P/E of 11.5x is less than 1/2 of JD’s 23.8x.And next, we will see that the valuation discount is a bit less than what's on the surface because of the differences in their balance sheets.Seeking AlphaBalance sheet and adjusted P/ECurrently, BABA has about $72 billion of cash on its ledger and JD about $28 billion, translating into $26.8 per share for BABA and about $18.6 dollars per share for JD. Both of them also have some debt but the debt is both lower than the cash position. As a result, both carry a net cash position (a quite sizable one) on their ledger. The net cash position for BABA is about $44.5 billion and for JD about $8.3 billion.In other words, at their current market cap ($274 billion for BABA and $96 billion for JD), about 16% of BABA’s market cap is just its cash and the percentage is about 20.8% for JD.When we subtract the cash out of the stock price, their Pes would both become lower. For BABA, the FY1 P/E would become only 11.6x after adjusting for its cash position. And for JD, the FY1 P/E would become 27.7x, still more than 2x above BABA.Seeking AlphaFinal thoughts and risksEven though I feel the market has gone too far in the fear direction for BABA (or not enough for JD), I think the bearish arguments are 100% valid. The common bearish concerns concerning BABA such as risk in China, profitability sustainability, and business model, are 100% valid. And I hope the comparison and contrast against its close peer JD better accentuate these concerns so we can all make better investment decisions.Finally, besides the above risks mentioned. There are also unfolding macroscopic risks that could impact both BABA and JD. BABA has more exposure overseas and will be more sensitive to global geopolitics such as the Russian/Ukraine situation. The upside is that it’s better poised to tap into the global eCommerce movement, especially in the Asian-Pacific region. There are also macroeconomic headwinds specific to China, which would impact both BABA and JD. In the short term, China faces the challenge of balancing COVID control and economic growth. The World Bank projects its GDP growth to slow in 2022 to 4.3 percent (0.8% lower than China’s own economic update).At the same time, China’s housing market is seeing weakening demand and dealing with sizable debt issues. A JPMorgan report estimated that the housing sector has been contributing up to 25% of its GDP when related sectors are considered in the past few years. But demand for housing is predicted to fall 47% by 2030. Such a large decline will create ripple effects throughout its entire economy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9044773001,"gmtCreate":1656820913603,"gmtModify":1676535900128,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559357742503712","authorIdStr":"3559357742503712"},"themes":[],"htmlText":"AAPL&nbsp;[Call]&nbsp;","listText":"AAPL&nbsp;[Call]&nbsp;","text":"AAPL [Call]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9044773001","repostId":"2248213848","repostType":4,"repost":{"id":"2248213848","kind":"highlight","pubTimestamp":1656762865,"share":"https://ttm.financial/m/news/2248213848?lang=&edition=fundamental","pubTime":"2022-07-02 19:54","market":"us","language":"en","title":"Apple Stock Is Under Pressure. Why Its Earnings Could Trigger a Rebound","url":"https://stock-news.laohu8.com/highlight/detail?id=2248213848","media":"Barrons","summary":"Investors are feeling a little jittery about Apple stock, and for logical reasons. The company's Jun","content":"<html><head></head><body><p>Investors are feeling a little jittery about Apple stock, and for logical reasons. The company&#39;s June quarter earnings report is less than four weeks away, and there are reasons to worry.</p><p>In particular, there are signs of slowing demand for both smartphones and personal computers, especially -- but not exclusively -- in China. After the close of trading Thursday, the memory chip company Micron Technology(ticker: MU) posted May quarter results that were about in line with estimates, but projected August quarter revenue sharply below the Street&#39;s consensus forecasts. The new forecast largely reflects a sharp falloff in demand for PCs and smartphones in China: Micron said weakness in China consumer tech end-markets trimmed its sales guidance by about 10%.</p><p>Street consensus estimates call for Apple to post June quarter revenue of $82.4 billion, with profits of $1.16 a share. When the company reported March quarter results, Chief Financial Officer Luca Maestri had cautioned that Apple expects a $4 billion to $8 billion hit to top-line growth in the June quarter from supply constraints, along with nearly 3 percentage points of drag from unfavorable foreign exchange rates, with a 1.5 percentage point hit from the suspension of sales in Russia.</p><p>In a research note on Friday, J.P. Morgan analyst Samik Chatterjee makes the case that Apple can hit the current Street consensus for the quarter. Normally, that wouldn&#39;t be saying much, but he contends that the buy side expects an earnings miss due to slowing consumer spending and wider-than-projected foreign-exchange headwinds.</p><p>Chatterjee says better supply dynamics in the quarter will overwhelm modest demand weakness and the wider-than-forecast drag from currency, which he estimates will be 4.5 percentage points.</p><p>The analyst is a little more concerned about the medium-term, though. Chatterjee sees iPhone and iPad sales as vulnerable to softening consumer sentiment; he projects iPhone sales in the second half of calendar 2022 will be down about 4% from a year earlier. But he&#39;s still bullish on the company&#39;s long-term outlook, and keep his Overweight rating and $200 price target.</p><p>In particular, he says Apple is well-positioned to outperform the market in almost any macroeconomic environment. A recession, he writes, would &#34;showcase resilient iPhone demand driven by replacement cycles,&#34; and would be buoyed by a substantial earnings contribution from services. And if the economy stabilizes, he adds, Apple could see upside from a rapid consumer rebound.</p><p>Apple shares rose 1.6% on Friday. The stock is off 12% since the company&#39;s last earnings report and down 22% for the year to date. The company remains the single largest U.S. company by market cap, with a valuation of $2.2 trillion.</p></body></html>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock Is Under Pressure. Why Its Earnings Could Trigger a Rebound</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock Is Under Pressure. Why Its Earnings Could Trigger a Rebound\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-02 19:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/apple-stock-earnings-iphone-china-51656690810?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors are feeling a little jittery about Apple stock, and for logical reasons. The company's June quarter earnings report is less than four weeks away, and there are reasons to worry.In particular...</p>\n\n<a href=\"https://www.barrons.com/articles/apple-stock-earnings-iphone-china-51656690810?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/apple-stock-earnings-iphone-china-51656690810?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2248213848","content_text":"Investors are feeling a little jittery about Apple stock, and for logical reasons. The company's June quarter earnings report is less than four weeks away, and there are reasons to worry.In particular, there are signs of slowing demand for both smartphones and personal computers, especially -- but not exclusively -- in China. After the close of trading Thursday, the memory chip company Micron Technology(ticker: MU) posted May quarter results that were about in line with estimates, but projected August quarter revenue sharply below the Street's consensus forecasts. The new forecast largely reflects a sharp falloff in demand for PCs and smartphones in China: Micron said weakness in China consumer tech end-markets trimmed its sales guidance by about 10%.Street consensus estimates call for Apple to post June quarter revenue of $82.4 billion, with profits of $1.16 a share. When the company reported March quarter results, Chief Financial Officer Luca Maestri had cautioned that Apple expects a $4 billion to $8 billion hit to top-line growth in the June quarter from supply constraints, along with nearly 3 percentage points of drag from unfavorable foreign exchange rates, with a 1.5 percentage point hit from the suspension of sales in Russia.In a research note on Friday, J.P. Morgan analyst Samik Chatterjee makes the case that Apple can hit the current Street consensus for the quarter. Normally, that wouldn't be saying much, but he contends that the buy side expects an earnings miss due to slowing consumer spending and wider-than-projected foreign-exchange headwinds.Chatterjee says better supply dynamics in the quarter will overwhelm modest demand weakness and the wider-than-forecast drag from currency, which he estimates will be 4.5 percentage points.The analyst is a little more concerned about the medium-term, though. Chatterjee sees iPhone and iPad sales as vulnerable to softening consumer sentiment; he projects iPhone sales in the second half of calendar 2022 will be down about 4% from a year earlier. But he's still bullish on the company's long-term outlook, and keep his Overweight rating and $200 price target.In particular, he says Apple is well-positioned to outperform the market in almost any macroeconomic environment. A recession, he writes, would \"showcase resilient iPhone demand driven by replacement cycles,\" and would be buoyed by a substantial earnings contribution from services. And if the economy stabilizes, he adds, Apple could see upside from a rapid consumer rebound.Apple shares rose 1.6% on Friday. The stock is off 12% since the company's last earnings report and down 22% for the year to date. The company remains the single largest U.S. company by market cap, with a valuation of $2.2 trillion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9040752599,"gmtCreate":1655708149411,"gmtModify":1676535690754,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559357742503712","authorIdStr":"3559357742503712"},"themes":[],"htmlText":"is this a&nbsp;trap?&nbsp;","listText":"is this a&nbsp;trap?&nbsp;","text":"is this a trap?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9040752599","repostId":"1177872379","repostType":4,"repost":{"id":"1177872379","kind":"news","pubTimestamp":1655697066,"share":"https://ttm.financial/m/news/1177872379?lang=&edition=fundamental","pubTime":"2022-06-20 11:51","market":"hk","language":"en","title":"Alibaba Is Cheaper Than Ever","url":"https://stock-news.laohu8.com/highlight/detail?id=1177872379","media":"Seeking Alpha","summary":"SummaryAlibaba's annual operating cash flow has increased more than tenfold since 2013, surpassing t","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Alibaba&#39;s annual operating cash flow has increased more than tenfold since 2013, surpassing the $20 billion mark. Yet, the share price hasn&#39;t gone anywhere.</li><li>Moreover, Alibaba&#39;s cash balance has increased more than tenfold, from $5.3 billion in 2013 to more than $70 billion today. Yet, as mentioned above, the share price hasn&#39;t moved.</li><li>As a result, Alibaba&#39;s cash position now reflects ~25% of its market cap. This anomaly cannot last much longer, especially since the Chinese tech crackdown is finally easing.</li><li>Alibaba is dirt cheap, trading less than 50 cents on the dollar, and the company has authorized the biggest buyback in its history. The market will eventually come to its senses.</li><li>Alibaba, as a brand, ranks in the top 10 list globally, surpassing the likes of McDonald&#39;s, Tesla and Coca-Cola.</li></ul><p>Alibaba (NYSE:BABA) (OTCPK:BABAF) has essentially given up all of its gains since its IPO in 2014. In other words, Alibaba has been &#39;dead money&#39; for almost a decade. However, unlike its share price, fundamentally, Alibaba has made remarkable progress on multiple fronts. Most notably, Alibaba has turned into a cash flow machine, with cash from operations increasing tenfold since its IPO, which in turn has led to a soaring cash balance, making the company cash rich.</p><p>The main reason why Alibaba has entered severely distressed territory is due to the crisis around Chinese tech companies; the so-called &#39;China&#39;s tech crackdown&#39;. The good news is that this crackdown seems to be easing. The first positive signs were reported last month and just yesterday Reuters reported that China&#39;s central bank has apparentlyacceptedAnt Group&#39;s application to set up a financial holding company, which is seen as a key step to revive Jack Ma&#39;s fintech business stock market debut. This created enthusiasm, with Alibaba&#39;s share price jumping as much as 10%. However, shortly thereafter, Alibaba pared its gains as Chinese state media denied the Reuters report that the PBOC accepted Ant&#39;s application. In any event, it seems that we are amidst a positive sentiment shift, after years of pain, and this is already starting to be reflected in Alibaba&#39;s share price. So far this year, the general market indices are in severe turmoil, but Alibaba is faring somewhat better. Specifically, on a YTD basis, Alibaba is down &#39;only&#39; ~14%, outperforming the major US indices, with the tech-heavy Nasdaq being by far the worst performer, down almost 31%.</p><p><img src=\"https://static.tigerbbs.com/e0aaaa8416a2f128caa44f636a83ce1a\" tg-width=\"635\" tg-height=\"467\" referrerpolicy=\"no-referrer\"/>Data by YCharts</p><p>Before we go into more detail to illustrate Alibaba&#39;s substantial progress since its IPO, it is important to note the following. Even though Alibaba has faced (and will likely continue to face) various macro and regulatory headwinds, it remains one of the world&#39;s leading brands. Based on data fromKantar BrandZ, Alibaba ranks in the top 10 list globally surpassing brands of the likes of McDonald&#39;s (MCD), Tesla (TSLA), Coca-Cola (KO) and NIKE (NKE). This is quite an achievement.</p><p><b>The World&#39;s Most Valuable Brands in 2021</b></p><p><img src=\"https://static.tigerbbs.com/76fab964f57c0f70c87f43d8ffe61974\" tg-width=\"640\" tg-height=\"324\" referrerpolicy=\"no-referrer\"/></p><p>Visual Capitalist</p><p>As per thelatest earnings release<i>,</i>Alibaba&#39;s financial performance remains impressive, despite reporting a single-digit increase in its fourth-quarter revenue, its slowest growth yet amid COVID-19 outbreaks. Revenue increased 9% as a result of lower demand due to COVID-19 outbreaks in March and logistics and supply chain disruptions at its core e-commerce platforms (Tmall and Taobao). That said, Alibaba’s sales growth still exceeded analyst estimates. Eventually, supply chain disruptions and COVID-19 lockdowns will ease and Alibaba&#39;s growth will accelerate.</p><p>Looking at the bigger picture, Alibaba is a much stronger company compared to its IPO days. Specifically, annual cash flow from operations surpassed the market $20 billion mark in 2018 and has remained above that level ever since.</p><p><b>Alibaba: Annual Cash Flow from Operations</b><img src=\"https://static.tigerbbs.com/afba1957e435da89228d501a1a15e39f\" tg-width=\"640\" tg-height=\"196\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>Alibaba reached its peak annual cash flow from operations in 2021, surpassing $35 billion. I have little doubt that we will be breaking new records in the coming years, once things calm down a little. To put things into perspective, annual operating cash flow was just $2.3 billion in 2013. It is fair to say that the progress that has been made over the past decade is remarkable. What is also remarkable is the growing cash balance (i.e. Total Cash &amp; Short Term Investments), which exceeds $70 billion, and is also hovering around record high levels.</p><p><b>Alibaba: Total Cash And Short Term Investments</b><img src=\"https://static.tigerbbs.com/07dcc29bc2e191b1f712e2af79a263ce\" tg-width=\"640\" tg-height=\"198\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>To put things into perspective, the cash balance was only $5.4 billion in 2013 and, due to strong operating cash flow, it surpassed the $70 billion mark in 2021, and has remained above that level ever since. This is a really nice position to be in.</p><p>Despite outstanding overall progress since the IPO, including the above-mentioned impressive financial results, the market cap has fallen to below $300 billion, and is hovering around record low levels. Looking at it differently,<b>Alibaba&#39;s cash position now reflects ~25% of its market cap</b>. I don&#39;t believe this anomaly will last for too long, and investors who accumulate at today&#39;s depressed prices stand to benefit tremendously, once the dust settles. It is a matter of when, not if. That said, it doesn&#39;t mean that it will be a smooth ride going forward. Yes, Alibaba is like a coil spring, but it can most certainly drop further. After all, market sentiment is terrible right now, and for good reasons. High inflation, interest rate hikes, the war in Ukraine and supply chain disruptions are amongst the biggest factors contributing to the market turmoil. As a value investor, the sell off has not made Alibaba a riskier investment. In contrast, investors can now buy one dollar for even less, which in a way makes Alibaba less risky. Based on Alibaba&#39;s massive cash pile and strong ongoing cash flow generation, I estimate that Alibaba is currently trading well below 50 cents on the dollar. Also, as long as the share price remains flattish, the discount to fair value will widen even more, as the cash balance will keep on increasing, all else constant, therefore adding to Alibaba&#39;s wealth. Also, it is important to note that Alibaba is better diversified compared to its IPO days. Don&#39;t discount its 1 billion global active consumers (spread across many online brands), high-margin cloud business and growing brick-and-mortar empire. My bet is that, over the next decade, Alibaba will be a much bigger company and even more diversified. However, even if Alibaba doesn&#39;t grow at all, it still is cheap today. I always stress test my investments, trying to be as prudent as possible. To this end, I assume the following scenario for Alibaba.</p><ul><li>Investment horizon of 10 years</li><li>average annual run rate in operating cash flow of $20-$25 billion (this is almost $10 billion less than the peak level experienced in 2021)</li><li>a static world, with zero growth; this means that over the next decade operating cash flow will remain constant at $20-$25 billion annually, and this cash will not be reinvested i.e. it will simply be accumulated on the balance sheet (in other words, zero revenue growth, zero innovation, zero M&amp;A activity, zero share buybacks, etc.).</li></ul></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>Alibaba Is Cheaper Than Ever</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\">\nAlibaba Is Cheaper Than Ever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-20 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4519179-alibaba-stock-cheaper-than-ever-baba-babaf><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAlibaba's annual operating cash flow has increased more than tenfold since 2013, surpassing the $20 billion mark. Yet, the share price hasn't gone anywhere.Moreover, Alibaba's cash balance has ...</p>\n\n<a href=\"https://seekingalpha.com/article/4519179-alibaba-stock-cheaper-than-ever-baba-babaf\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4519179-alibaba-stock-cheaper-than-ever-baba-babaf","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177872379","content_text":"SummaryAlibaba's annual operating cash flow has increased more than tenfold since 2013, surpassing the $20 billion mark. Yet, the share price hasn't gone anywhere.Moreover, Alibaba's cash balance has increased more than tenfold, from $5.3 billion in 2013 to more than $70 billion today. Yet, as mentioned above, the share price hasn't moved.As a result, Alibaba's cash position now reflects ~25% of its market cap. This anomaly cannot last much longer, especially since the Chinese tech crackdown is finally easing.Alibaba is dirt cheap, trading less than 50 cents on the dollar, and the company has authorized the biggest buyback in its history. The market will eventually come to its senses.Alibaba, as a brand, ranks in the top 10 list globally, surpassing the likes of McDonald's, Tesla and Coca-Cola.Alibaba (NYSE:BABA) (OTCPK:BABAF) has essentially given up all of its gains since its IPO in 2014. In other words, Alibaba has been 'dead money' for almost a decade. However, unlike its share price, fundamentally, Alibaba has made remarkable progress on multiple fronts. Most notably, Alibaba has turned into a cash flow machine, with cash from operations increasing tenfold since its IPO, which in turn has led to a soaring cash balance, making the company cash rich.The main reason why Alibaba has entered severely distressed territory is due to the crisis around Chinese tech companies; the so-called 'China's tech crackdown'. The good news is that this crackdown seems to be easing. The first positive signs were reported last month and just yesterday Reuters reported that China's central bank has apparentlyacceptedAnt Group's application to set up a financial holding company, which is seen as a key step to revive Jack Ma's fintech business stock market debut. This created enthusiasm, with Alibaba's share price jumping as much as 10%. However, shortly thereafter, Alibaba pared its gains as Chinese state media denied the Reuters report that the PBOC accepted Ant's application. In any event, it seems that we are amidst a positive sentiment shift, after years of pain, and this is already starting to be reflected in Alibaba's share price. So far this year, the general market indices are in severe turmoil, but Alibaba is faring somewhat better. Specifically, on a YTD basis, Alibaba is down 'only' ~14%, outperforming the major US indices, with the tech-heavy Nasdaq being by far the worst performer, down almost 31%.Data by YChartsBefore we go into more detail to illustrate Alibaba's substantial progress since its IPO, it is important to note the following. Even though Alibaba has faced (and will likely continue to face) various macro and regulatory headwinds, it remains one of the world's leading brands. Based on data fromKantar BrandZ, Alibaba ranks in the top 10 list globally surpassing brands of the likes of McDonald's (MCD), Tesla (TSLA), Coca-Cola (KO) and NIKE (NKE). This is quite an achievement.The World's Most Valuable Brands in 2021Visual CapitalistAs per thelatest earnings release,Alibaba's financial performance remains impressive, despite reporting a single-digit increase in its fourth-quarter revenue, its slowest growth yet amid COVID-19 outbreaks. Revenue increased 9% as a result of lower demand due to COVID-19 outbreaks in March and logistics and supply chain disruptions at its core e-commerce platforms (Tmall and Taobao). That said, Alibaba’s sales growth still exceeded analyst estimates. Eventually, supply chain disruptions and COVID-19 lockdowns will ease and Alibaba's growth will accelerate.Looking at the bigger picture, Alibaba is a much stronger company compared to its IPO days. Specifically, annual cash flow from operations surpassed the market $20 billion mark in 2018 and has remained above that level ever since.Alibaba: Annual Cash Flow from OperationsSeeking AlphaAlibaba reached its peak annual cash flow from operations in 2021, surpassing $35 billion. I have little doubt that we will be breaking new records in the coming years, once things calm down a little. To put things into perspective, annual operating cash flow was just $2.3 billion in 2013. It is fair to say that the progress that has been made over the past decade is remarkable. What is also remarkable is the growing cash balance (i.e. Total Cash & Short Term Investments), which exceeds $70 billion, and is also hovering around record high levels.Alibaba: Total Cash And Short Term InvestmentsSeeking AlphaTo put things into perspective, the cash balance was only $5.4 billion in 2013 and, due to strong operating cash flow, it surpassed the $70 billion mark in 2021, and has remained above that level ever since. This is a really nice position to be in.Despite outstanding overall progress since the IPO, including the above-mentioned impressive financial results, the market cap has fallen to below $300 billion, and is hovering around record low levels. Looking at it differently,Alibaba's cash position now reflects ~25% of its market cap. I don't believe this anomaly will last for too long, and investors who accumulate at today's depressed prices stand to benefit tremendously, once the dust settles. It is a matter of when, not if. That said, it doesn't mean that it will be a smooth ride going forward. Yes, Alibaba is like a coil spring, but it can most certainly drop further. After all, market sentiment is terrible right now, and for good reasons. High inflation, interest rate hikes, the war in Ukraine and supply chain disruptions are amongst the biggest factors contributing to the market turmoil. As a value investor, the sell off has not made Alibaba a riskier investment. In contrast, investors can now buy one dollar for even less, which in a way makes Alibaba less risky. Based on Alibaba's massive cash pile and strong ongoing cash flow generation, I estimate that Alibaba is currently trading well below 50 cents on the dollar. Also, as long as the share price remains flattish, the discount to fair value will widen even more, as the cash balance will keep on increasing, all else constant, therefore adding to Alibaba's wealth. Also, it is important to note that Alibaba is better diversified compared to its IPO days. Don't discount its 1 billion global active consumers (spread across many online brands), high-margin cloud business and growing brick-and-mortar empire. My bet is that, over the next decade, Alibaba will be a much bigger company and even more diversified. However, even if Alibaba doesn't grow at all, it still is cheap today. I always stress test my investments, trying to be as prudent as possible. To this end, I assume the following scenario for Alibaba.Investment horizon of 10 yearsaverage annual run rate in operating cash flow of $20-$25 billion (this is almost $10 billion less than the peak level experienced in 2021)a static world, with zero growth; this means that over the next decade operating cash flow will remain constant at $20-$25 billion annually, and this cash will not be reinvested i.e. it will simply be accumulated on the balance sheet (in other words, zero revenue growth, zero innovation, zero M&A activity, zero share buybacks, etc.).","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9055449324,"gmtCreate":1655305622168,"gmtModify":1676535609155,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559357742503712","authorIdStr":"3559357742503712"},"themes":[],"htmlText":"king? it was threw out of evry window&nbsp;just few weeks back...&nbsp;","listText":"king? it was threw out of evry window&nbsp;just few weeks back...&nbsp;","text":"king? it was threw out of evry window just few weeks back...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055449324","repostId":"1134483863","repostType":4,"repost":{"id":"1134483863","kind":"news","pubTimestamp":1655305199,"share":"https://ttm.financial/m/news/1134483863?lang=&edition=fundamental","pubTime":"2022-06-15 22:59","market":"us","language":"en","title":"Alibaba: King Of Commerce-Driven Operating Income","url":"https://stock-news.laohu8.com/highlight/detail?id=1134483863","media":"Seeking Alpha","summary":"SummaryMachine learning helps make the recommendation engines in Tmall and Taobao top notch.Alibaba ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Machine learning helps make the recommendation engines in Tmall and Taobao top notch.</li><li>Alibaba has tremendous opportunities as the online and offline worlds merge.</li><li>Alibaba’s asset-light model gives them flexibility as the world changes.</li></ul><p><b>Introduction</b></p><p>My thesis is that Alibaba (NYSE:BABA) will deliver massive amounts of operating income from commerce in the decade ahead. I don&#39;t see anyone that looks to be close to them in the next few years with respect to operating income from e-commerce.</p><p>The fiscal years for Alibaba and Walmart (WMT) end in March and January, respectively. The graphs in this article use calendar years so Alibaba&#39;s fiscal year through March 2022 and Walmart&#39;s fiscal year through January 2022 go under 2021.</p><p>When the Alibaba 4Q22releasecame out for their FY22 ending in March, the exchange rate was about 0.1577 RMB to 1 USD. At the time of this writing it is closer to 0.15 RMB to 1 USD.</p><p><b>The Landscape</b></p><p>Alibaba has a substantial base on which they will power operating income in the decade ahead. Looking at the last fiscal year, operating income from Alibaba&#39;s China commerce segment was RMB 172,219 million which is around $26 billion. This is about the same as Walmart&#39;s company-wide operating income but nearly all of Walmart&#39;s operating income comes from brick and mortar stores as opposed to e-commerce. There is plenty of room for numerous e-commerce companies in China. JD (JD) has done well with wealthy customers who insist on high quality merchandise. Pinduoduo (PDD) is fun for buyers who want to do social and group shopping. Amazon (AMZN), JD and Pinduoduo get a lot of headlines based on gross merchandise volume (&#34;GMV&#34;) but their e-commerce operating income levels are small compared to Alibaba. Only $6,347 million of Amazon&#39;s 2021 operating income was outside of AWS. The 2021 operating income numbers for JD and PDD were RMB 4,141 million and RMB 6,897 million, respectively. These equate to just $621 million and $1,035 million, respectively.</p><p><b>Machine Learning</b></p><p>Tmall and Taobao have a large number of users and a prodigious amount of data on which machine learning feeds. An April MIT Technology Review post explains the virtuous cycle enjoyed by digital giants like Alibaba as they continually improve their recommendation engines:</p><blockquote>The architectural and technical genius of recommender-system design lies in its compelling blend of data gathering, ongoing algorithmic innovation, and network effects.<i>The more people use these systems, the more valuable they become; the more valuable they become, the more people use them. Machine-learning capabilities accelerate that virtuous cycle</i>to ensure recommendations and advice become ever-more relevant and compelling.</blockquote><p><b>Opportunities</b></p><p>Alibaba has numerous opportunities including their participation in China&#39;s economic expansion. The World Bank shows that China&#39;s GDP nearly doubled from 2011 to 2020, going from $7.6 trillion to $14.7 trillion. Alibaba&#39;s operating income should keep climbing as China&#39;s GDP and middle class continue to increase in size.</p><p>Alibaba has opportunities beyond e-commerce as we know it. A June 2021 Wiredarticletalks about the way Alibaba has invented the supermarket of the future:</p><blockquote>Towson says. &#34;Eventually, consumers won&#39;t even know the difference between online and offline. You&#39;ll walk down the supermarket aisle, chatting to the AI assistant on your phone as it&#39;s suggesting items. You&#39;ll pick up the sneakers you ordered online earlier that day. You&#39;ll stream a movie on the same platform as they cook your food in store. It&#39;ll all be one experience. This is just the first iteration and it&#39;s pretty compelling.</blockquote><p><b>Flexibility</b></p><p>Three years ago I didn&#39;t envision today&#39;s world in which we are experiencing relatively high inflation in the U.S. Eventually this type of change could hit China too and Alibaba is more flexible than other asset-heavy companies like JD.</p><p><b>Valuation</b></p><p>In September 2021, Alibabaannouncedthat they are investing RMB 100 billion to promote common prosperity over 5 years. I view this type of forced investment in the same light as higher corporate taxes such that the government is coming in as a silent partner; the valuation range has to be adjusted down. I believe it will be more than just taking away RMB 20 billion in earnings from shareholders for each of the next 5 years. There is a good chance it will go up from there. As such, I don&#39;t think it is unreasonable to assign a multiple of 25x or so on the annual amount of RMB 20 billion that would otherwise go to shareholders each year such that the valuation is now lower by RMB 500 billion or $75 billion.</p><p>Among other things, I look at operating income, operating cash flow (&#34;OCF&#34;) and free cash flow (&#34;FCF&#34;) for Alibaba and competitors when thinking about valuations. It would be facile to go straight down to these numbers without first having an understanding of gross merchandise volume (&#34;GMV&#34;) and revenue. There is competition between these companies but the e-commerce pie will grow in the decade ahead such that this is not a zero sum game.</p><p>Smaller companies like Pinduoduo and JD are increasing GMV more rapidly than Alibaba but all the e-commerce companies below are increasing volume faster than brick and mortar retailers like Walmart:</p><p><img src=\"https://static.tigerbbs.com/fb720a39cbcd114a5ee9a83b4a2203c9\" tg-width=\"1200\" tg-height=\"742\" referrerpolicy=\"no-referrer\"/></p><p>GMV (Author&#39;s spreadsheet)</p><p>*The Amazon estimates are from Marketplace Pulse.</p><p>*The Alibaba fiscal year begins April 1st.</p><p>*The Walmart fiscal year begins February 1st.</p><p>The tables are turned for Alibaba and Amazon when we switch from GMV to company-wide revenue. Despite the fact that Alibaba moves about twice the merchandise volume of Amazon, Alibaba has a much lower take rate such that their revenue is significantly lower. We&#39;re talking about company-wide revenue so it includes non-commerce figures. It is noteworthy that Amazon has a sizable first-party (&#34;1P&#34;) e-commerce business while Alibaba does not. Marketplace Pulseshowsthat Amazon&#39;s 2021 GMV segments are broken down as $210 billion 1P and $390 billion third-party (&#34;3P&#34;); Amazon&#39;s revenue for these GMV segments is $222 billion and $103 billion, respectively:</p><p><img src=\"https://static.tigerbbs.com/6edf5debfff818e78e44fe6831afd6ab\" tg-width=\"680\" tg-height=\"742\" referrerpolicy=\"no-referrer\"/></p><p>Revenue segments (Author&#39;s spreadsheet)</p><p>Now that we appreciate the disparate types of revenue at Amazon, we look at company-wide revenue for the group. Again, Alibaba is almost entirely 3P revenue while Amazon, JD and Walmart have enormous 1P businesses:</p><p><img src=\"https://static.tigerbbs.com/a52a7d4bbf32d9dc34a539a58d301ceb\" tg-width=\"1200\" tg-height=\"742\" referrerpolicy=\"no-referrer\"/></p><p>Company-wide revenue (Author&#39;s spreadsheet)</p><p>Alibaba breaks down their operating income such that we can see the power of their China commerce segment:</p><p><img src=\"https://static.tigerbbs.com/d447360e549ae3b741fd0652d9dd7c46\" tg-width=\"800\" tg-height=\"343\" referrerpolicy=\"no-referrer\"/></p><p>Operating income segments (Alibaba earnings release through March 2022)</p><p>Meanwhile, Amazon&#39;s 2021 operating income was $24,879 million and $18,532 million or nearly 75% of this came from AWS!</p><p>Alibaba&#39;s FY22 China commerce operating income of RMB 172,219 million above was equivalent to about $27 billion back when the release came out but it is now equivalent to about $26 billion due to currency fluctuations. On the whole, I dislike Alibaba&#39;s adjusted EBITA tables because they ignore share-based compensation. However, the amortization of intangible assets and impairment of goodwill lines from those tables are useful because in my view these GAAP expenses aren&#39;t really economic expenses. The amortization of intangible assets line from the EBITA table comes to RMB 11,647 million on a consolidated basis and RMB 6,154 million of this is from the Local consumer services segment. The unallocated line includes goodwill impairment of RMB 25,141 million relating to Digital media and entertainment. If the rest of the unallocated operating loss of RMB 10,770 million and the innovation operating loss of RMB 9,424 million are absorbed by the China commerce segment then its operating income falls to RMB 152,025 million or a little under $23 billion. I think this segment is worth 15 to 16x this amount or around $345 to $370 billion. The other segments currently have negative operating income but they are worth more than zero. Alibaba&#39;s strategic investments are worth billions and their interest in the Ant Group is considerable.</p><p>The Cloud segment had less revenue in the March 2022 quarter than the December 2021 quarter but we can assuage ourselves knowing that the Cloud segment reduced its operating losses from FY21 to FY22 and it had positive operating income of RMB 598 million for the latest quarter. I like to compare Alibaba&#39;s Cloud segment to Google Cloud as Google Cloud is increasing revenue faster but Alibaba Cloud is losing less money:</p><p><img src=\"https://static.tigerbbs.com/1809a812cd8bafb9f557db84b120dbdd\" tg-width=\"890\" tg-height=\"742\" referrerpolicy=\"no-referrer\"/></p><p>Alibaba Cloud (Author&#39;s spreadsheet)</p><p>I also like to think about the OCF yield. Looking at the last fiscal year, Alibaba has an OCF yield of nearly 17% or RMB 142,759 million/RMB 853,062 million while Amazon has an OCF yield of a little under 10% or $46,327 million/$469,822 million. Much of this is because Amazon&#39;s low-margin 1P business is responsible for substantial revenue but it doesn&#39;t contribute much to operating income or OCF. Were it not for Amazon&#39;s AWS business, I believe their OCF yield would be down near the JD and Walmart level of 5% or so:</p><p><img src=\"https://static.tigerbbs.com/e0041277d12c3d84cdeef8486d5dca82\" tg-width=\"592\" tg-height=\"814\" referrerpolicy=\"no-referrer\"/></p><p>OCF Yield (Author&#39;s spreadsheet)</p><p>It isn&#39;t just Alibaba that has seen a lower level of operating cash flow in the last fiscal year; Amazon and Walmart have declined in this area as well:</p><p><img src=\"https://static.tigerbbs.com/20d9d99740e262afa429afd3dc58a8da\" tg-width=\"1200\" tg-height=\"742\" referrerpolicy=\"no-referrer\"/></p><p>OCF (Author&#39;s spreadsheet)</p><p>Alibaba&#39;s free cash flow (&#34;FCF&#34;) was down in FY22. The latest earnings release cited a decrease in profit and the RMB 18,228 million Anti-monopoly Fine:</p><blockquote>Free cash flow, a nonGAAP measurement, was RMB 98,874 million (US $15,597 million), a decrease of 43% year-over-year from RMB 172,662 million in fiscal year 2021,<i>mainly due to a decrease in profit and the full payment in the amount of RMB 18,228 million of the Anti-monopoly Fine</i>.</blockquote><p>I&#39;m optimistic that Alibaba can get FCF back to the FY21 level and beyond in the years ahead:</p><p><img src=\"https://static.tigerbbs.com/bbcfaa1c2e9c5a60df3ad0b1d412aba1\" tg-width=\"800\" tg-height=\"439\" referrerpolicy=\"no-referrer\"/></p><p>FCF (March 2022 release)</p><p>Note that I think of stock-based compensation as a cash expense. This was RMB 23,971 million for the fiscal year ending in March 2022 and RMB 50,120 million for the fiscal year ending in March 2021.</p><p>The weighted number of shares for the quarter ending in March was 21,401 million. Each American depositary share represents 8 ordinary shares. As such, the market cap is about $281.5 billion based on the June 12th ADR price of $105.23. Cash and short-term investments outweigh long-term debt such that the enterprise value is less than the market cap.</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>Alibaba: King Of Commerce-Driven Operating Income</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\">\nAlibaba: King Of Commerce-Driven Operating Income\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-15 22:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4518471-alibaba-king-commerce-driven-operating-income><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryMachine learning helps make the recommendation engines in Tmall and Taobao top notch.Alibaba has tremendous opportunities as the online and offline worlds merge.Alibaba’s asset-light model ...</p>\n\n<a href=\"https://seekingalpha.com/article/4518471-alibaba-king-commerce-driven-operating-income\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://seekingalpha.com/article/4518471-alibaba-king-commerce-driven-operating-income","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134483863","content_text":"SummaryMachine learning helps make the recommendation engines in Tmall and Taobao top notch.Alibaba has tremendous opportunities as the online and offline worlds merge.Alibaba’s asset-light model gives them flexibility as the world changes.IntroductionMy thesis is that Alibaba (NYSE:BABA) will deliver massive amounts of operating income from commerce in the decade ahead. I don't see anyone that looks to be close to them in the next few years with respect to operating income from e-commerce.The fiscal years for Alibaba and Walmart (WMT) end in March and January, respectively. The graphs in this article use calendar years so Alibaba's fiscal year through March 2022 and Walmart's fiscal year through January 2022 go under 2021.When the Alibaba 4Q22releasecame out for their FY22 ending in March, the exchange rate was about 0.1577 RMB to 1 USD. At the time of this writing it is closer to 0.15 RMB to 1 USD.The LandscapeAlibaba has a substantial base on which they will power operating income in the decade ahead. Looking at the last fiscal year, operating income from Alibaba's China commerce segment was RMB 172,219 million which is around $26 billion. This is about the same as Walmart's company-wide operating income but nearly all of Walmart's operating income comes from brick and mortar stores as opposed to e-commerce. There is plenty of room for numerous e-commerce companies in China. JD (JD) has done well with wealthy customers who insist on high quality merchandise. Pinduoduo (PDD) is fun for buyers who want to do social and group shopping. Amazon (AMZN), JD and Pinduoduo get a lot of headlines based on gross merchandise volume (\"GMV\") but their e-commerce operating income levels are small compared to Alibaba. Only $6,347 million of Amazon's 2021 operating income was outside of AWS. The 2021 operating income numbers for JD and PDD were RMB 4,141 million and RMB 6,897 million, respectively. These equate to just $621 million and $1,035 million, respectively.Machine LearningTmall and Taobao have a large number of users and a prodigious amount of data on which machine learning feeds. An April MIT Technology Review post explains the virtuous cycle enjoyed by digital giants like Alibaba as they continually improve their recommendation engines:The architectural and technical genius of recommender-system design lies in its compelling blend of data gathering, ongoing algorithmic innovation, and network effects.The more people use these systems, the more valuable they become; the more valuable they become, the more people use them. Machine-learning capabilities accelerate that virtuous cycleto ensure recommendations and advice become ever-more relevant and compelling.OpportunitiesAlibaba has numerous opportunities including their participation in China's economic expansion. The World Bank shows that China's GDP nearly doubled from 2011 to 2020, going from $7.6 trillion to $14.7 trillion. Alibaba's operating income should keep climbing as China's GDP and middle class continue to increase in size.Alibaba has opportunities beyond e-commerce as we know it. A June 2021 Wiredarticletalks about the way Alibaba has invented the supermarket of the future:Towson says. \"Eventually, consumers won't even know the difference between online and offline. You'll walk down the supermarket aisle, chatting to the AI assistant on your phone as it's suggesting items. You'll pick up the sneakers you ordered online earlier that day. You'll stream a movie on the same platform as they cook your food in store. It'll all be one experience. This is just the first iteration and it's pretty compelling.FlexibilityThree years ago I didn't envision today's world in which we are experiencing relatively high inflation in the U.S. Eventually this type of change could hit China too and Alibaba is more flexible than other asset-heavy companies like JD.ValuationIn September 2021, Alibabaannouncedthat they are investing RMB 100 billion to promote common prosperity over 5 years. I view this type of forced investment in the same light as higher corporate taxes such that the government is coming in as a silent partner; the valuation range has to be adjusted down. I believe it will be more than just taking away RMB 20 billion in earnings from shareholders for each of the next 5 years. There is a good chance it will go up from there. As such, I don't think it is unreasonable to assign a multiple of 25x or so on the annual amount of RMB 20 billion that would otherwise go to shareholders each year such that the valuation is now lower by RMB 500 billion or $75 billion.Among other things, I look at operating income, operating cash flow (\"OCF\") and free cash flow (\"FCF\") for Alibaba and competitors when thinking about valuations. It would be facile to go straight down to these numbers without first having an understanding of gross merchandise volume (\"GMV\") and revenue. There is competition between these companies but the e-commerce pie will grow in the decade ahead such that this is not a zero sum game.Smaller companies like Pinduoduo and JD are increasing GMV more rapidly than Alibaba but all the e-commerce companies below are increasing volume faster than brick and mortar retailers like Walmart:GMV (Author's spreadsheet)*The Amazon estimates are from Marketplace Pulse.*The Alibaba fiscal year begins April 1st.*The Walmart fiscal year begins February 1st.The tables are turned for Alibaba and Amazon when we switch from GMV to company-wide revenue. Despite the fact that Alibaba moves about twice the merchandise volume of Amazon, Alibaba has a much lower take rate such that their revenue is significantly lower. We're talking about company-wide revenue so it includes non-commerce figures. It is noteworthy that Amazon has a sizable first-party (\"1P\") e-commerce business while Alibaba does not. Marketplace Pulseshowsthat Amazon's 2021 GMV segments are broken down as $210 billion 1P and $390 billion third-party (\"3P\"); Amazon's revenue for these GMV segments is $222 billion and $103 billion, respectively:Revenue segments (Author's spreadsheet)Now that we appreciate the disparate types of revenue at Amazon, we look at company-wide revenue for the group. Again, Alibaba is almost entirely 3P revenue while Amazon, JD and Walmart have enormous 1P businesses:Company-wide revenue (Author's spreadsheet)Alibaba breaks down their operating income such that we can see the power of their China commerce segment:Operating income segments (Alibaba earnings release through March 2022)Meanwhile, Amazon's 2021 operating income was $24,879 million and $18,532 million or nearly 75% of this came from AWS!Alibaba's FY22 China commerce operating income of RMB 172,219 million above was equivalent to about $27 billion back when the release came out but it is now equivalent to about $26 billion due to currency fluctuations. On the whole, I dislike Alibaba's adjusted EBITA tables because they ignore share-based compensation. However, the amortization of intangible assets and impairment of goodwill lines from those tables are useful because in my view these GAAP expenses aren't really economic expenses. The amortization of intangible assets line from the EBITA table comes to RMB 11,647 million on a consolidated basis and RMB 6,154 million of this is from the Local consumer services segment. The unallocated line includes goodwill impairment of RMB 25,141 million relating to Digital media and entertainment. If the rest of the unallocated operating loss of RMB 10,770 million and the innovation operating loss of RMB 9,424 million are absorbed by the China commerce segment then its operating income falls to RMB 152,025 million or a little under $23 billion. I think this segment is worth 15 to 16x this amount or around $345 to $370 billion. The other segments currently have negative operating income but they are worth more than zero. Alibaba's strategic investments are worth billions and their interest in the Ant Group is considerable.The Cloud segment had less revenue in the March 2022 quarter than the December 2021 quarter but we can assuage ourselves knowing that the Cloud segment reduced its operating losses from FY21 to FY22 and it had positive operating income of RMB 598 million for the latest quarter. I like to compare Alibaba's Cloud segment to Google Cloud as Google Cloud is increasing revenue faster but Alibaba Cloud is losing less money:Alibaba Cloud (Author's spreadsheet)I also like to think about the OCF yield. Looking at the last fiscal year, Alibaba has an OCF yield of nearly 17% or RMB 142,759 million/RMB 853,062 million while Amazon has an OCF yield of a little under 10% or $46,327 million/$469,822 million. Much of this is because Amazon's low-margin 1P business is responsible for substantial revenue but it doesn't contribute much to operating income or OCF. Were it not for Amazon's AWS business, I believe their OCF yield would be down near the JD and Walmart level of 5% or so:OCF Yield (Author's spreadsheet)It isn't just Alibaba that has seen a lower level of operating cash flow in the last fiscal year; Amazon and Walmart have declined in this area as well:OCF (Author's spreadsheet)Alibaba's free cash flow (\"FCF\") was down in FY22. The latest earnings release cited a decrease in profit and the RMB 18,228 million Anti-monopoly Fine:Free cash flow, a nonGAAP measurement, was RMB 98,874 million (US $15,597 million), a decrease of 43% year-over-year from RMB 172,662 million in fiscal year 2021,mainly due to a decrease in profit and the full payment in the amount of RMB 18,228 million of the Anti-monopoly Fine.I'm optimistic that Alibaba can get FCF back to the FY21 level and beyond in the years ahead:FCF (March 2022 release)Note that I think of stock-based compensation as a cash expense. This was RMB 23,971 million for the fiscal year ending in March 2022 and RMB 50,120 million for the fiscal year ending in March 2021.The weighted number of shares for the quarter ending in March was 21,401 million. Each American depositary share represents 8 ordinary shares. As such, the market cap is about $281.5 billion based on the June 12th ADR price of $105.23. Cash and short-term investments outweigh long-term debt such that the enterprise value is less than the market cap.","news_type":1},"isVote":1,"tweetType":1,"viewCount":100,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9051086841,"gmtCreate":1654609520083,"gmtModify":1676535477506,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559357742503712","authorIdStr":"3559357742503712"},"themes":[],"htmlText":"[YoYo]&nbsp;","listText":"[YoYo]&nbsp;","text":"[YoYo]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051086841","repostId":"1126396139","repostType":2,"repost":{"id":"1126396139","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":1654609304,"share":"https://ttm.financial/m/news/1126396139?lang=&edition=fundamental","pubTime":"2022-06-07 21:41","market":"us","language":"en","title":"Retail Stocks Fell in Morning Trading, Target Stock Tumbled 5%","url":"https://stock-news.laohu8.com/highlight/detail?id=1126396139","media":"Tiger Newspress","summary":"Retail Stocks Fell in Morning Trading, Target Stock Tumbled 5%.Home Depot, Wal-Mart, Costco, Target,","content":"<html><head></head><body><p>Retail Stocks Fell in Morning Trading, Target Stock Tumbled 5%.</p><p><a href=\"https://laohu8.com/S/HD\">Home Depot</a>, <a href=\"https://laohu8.com/S/WMT\">Wal-Mart</a>, <a href=\"https://laohu8.com/S/COST\">Costco</a>, Target, <a href=\"https://laohu8.com/S/KR\">Kroger</a>, <a href=\"https://laohu8.com/S/BBY\">Best Buy</a>, <a href=\"https://laohu8.com/S/JWN\">Nordstrom</a> and <a href=\"https://laohu8.com/S/DLTR\">Dollar Tree</a> fell between 1% and 4%.</p><p><img src=\"https://static.tigerbbs.com/ecf9fa02d80d1b98391ac3e0fe4887cc\" tg-width=\"440\" tg-height=\"584\" referrerpolicy=\"no-referrer\"/></p><p>Target Corporation (NYSE:TGT) announced a set of actions to &#34;right-size&#34; its inventory for the balance of the year and create additional flexibility. The retailer expects to take additional markdowns to remove excess inventory and cancel orders. The TGT action plan also includes the addition of incremental holding capacity near U.S. ports to add flexibility and speed in the portions of the supply chain most affected by external volatility.</p><p>Pricing actions to address the impact of unusually high transportation and fuel costs are also planned. Target (TGT) also said it will work with suppliers to shorten distances and lead times in the supply chain.</p><p>On the financial front, Target (TGT) now sees operating margin rate falling to a range of around 2.0% for Q2 vs. 6.5% consensus before jumping back to around 6.0% for the back half of the year. TGT continues to expect full-year revenue growth in the low- to mid-single digit range.</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>Retail Stocks Fell in Morning Trading, Target Stock Tumbled 5%</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\">\nRetail Stocks Fell in Morning Trading, Target Stock Tumbled 5%\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\">2022-06-07 21:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Retail Stocks Fell in Morning Trading, Target Stock Tumbled 5%.</p><p><a href=\"https://laohu8.com/S/HD\">Home Depot</a>, <a href=\"https://laohu8.com/S/WMT\">Wal-Mart</a>, <a href=\"https://laohu8.com/S/COST\">Costco</a>, Target, <a href=\"https://laohu8.com/S/KR\">Kroger</a>, <a href=\"https://laohu8.com/S/BBY\">Best Buy</a>, <a href=\"https://laohu8.com/S/JWN\">Nordstrom</a> and <a href=\"https://laohu8.com/S/DLTR\">Dollar Tree</a> fell between 1% and 4%.</p><p><img src=\"https://static.tigerbbs.com/ecf9fa02d80d1b98391ac3e0fe4887cc\" tg-width=\"440\" tg-height=\"584\" referrerpolicy=\"no-referrer\"/></p><p>Target Corporation (NYSE:TGT) announced a set of actions to &#34;right-size&#34; its inventory for the balance of the year and create additional flexibility. The retailer expects to take additional markdowns to remove excess inventory and cancel orders. The TGT action plan also includes the addition of incremental holding capacity near U.S. ports to add flexibility and speed in the portions of the supply chain most affected by external volatility.</p><p>Pricing actions to address the impact of unusually high transportation and fuel costs are also planned. Target (TGT) also said it will work with suppliers to shorten distances and lead times in the supply chain.</p><p>On the financial front, Target (TGT) now sees operating margin rate falling to a range of around 2.0% for Q2 vs. 6.5% consensus before jumping back to around 6.0% for the back half of the year. TGT continues to expect full-year revenue growth in the low- to mid-single digit range.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBY":"百思买","TGT":"塔吉特"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126396139","content_text":"Retail Stocks Fell in Morning Trading, Target Stock Tumbled 5%.Home Depot, Wal-Mart, Costco, Target, Kroger, Best Buy, Nordstrom and Dollar Tree fell between 1% and 4%.Target Corporation (NYSE:TGT) announced a set of actions to \"right-size\" its inventory for the balance of the year and create additional flexibility. The retailer expects to take additional markdowns to remove excess inventory and cancel orders. The TGT action plan also includes the addition of incremental holding capacity near U.S. ports to add flexibility and speed in the portions of the supply chain most affected by external volatility.Pricing actions to address the impact of unusually high transportation and fuel costs are also planned. Target (TGT) also said it will work with suppliers to shorten distances and lead times in the supply chain.On the financial front, Target (TGT) now sees operating margin rate falling to a range of around 2.0% for Q2 vs. 6.5% consensus before jumping back to around 6.0% for the back half of the year. TGT continues to expect full-year revenue growth in the low- to mid-single digit range.","news_type":1},"isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9053951976,"gmtCreate":1654476673995,"gmtModify":1676535453563,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559357742503712","authorIdStr":"3559357742503712"},"themes":[],"htmlText":"Wow this is getting out of control","listText":"Wow this is getting out of control","text":"Wow this is getting out of control","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9053951976","repostId":"2241779352","repostType":4,"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889579133,"gmtCreate":1631163268322,"gmtModify":1676530484499,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559357742503712","authorIdStr":"3559357742503712"},"themes":[],"htmlText":"Really u r right","listText":"Really u r right","text":"Really u r right","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/889579133","repostId":"2165399556","repostType":4,"repost":{"id":"2165399556","kind":"highlight","pubTimestamp":1631154918,"share":"https://ttm.financial/m/news/2165399556?lang=&edition=fundamental","pubTime":"2021-09-09 10:35","market":"us","language":"en","title":"3 Top Electric Vehicle Stocks to Buy for the Long Haul","url":"https://stock-news.laohu8.com/highlight/detail?id=2165399556","media":"Motley Fool","summary":"The electric vehicle industry could be huge, and investors should consider different ways to benefit from its growth.","content":"<p>The \"dot-com\" bubble is one of the most famous periods in stock market history. The internet was new, and an investor frenzy bid up stocks that had anything to do with the worldwide web. Eventually, the bubble burst and most of the frenzied stocks are no longer around today.</p>\n<p>A similar craze with electric vehicles (EVs) has occurred; electric vehicle company Rivian may IPO at a larger valuation than Ford Motor Company without delivering a single vehicle! But just like the internet, electric vehicles are coming, and some great companies are leading the charge; here are three of them.</p>\n<h2>1. The dominant electric vehicle company</h2>\n<p>Tesla, led by CEO Elon Musk, brought electric vehicles into the mainstream discussion in 2012 when the Model S launched. The rest of the automotive industry watched Tesla's deliveries grow from 22,442 vehicles in 2013 to 499,535 in 2020; now, the entire industry is racing to bring competitive electric vehicles to market.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2a5515c4e311a447efeff6fdc1aecd7\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"><span>Image source: Getty Images.</span></p>\n<p>The company has an enormous first-mover advantage in the United States market, with an estimated 71% market share of electric vehicles. In 2020, Tesla models represented 79% of new electric vehicle registrations in the U.S.</p>\n<p>Electric car stocks are entering the picture, such as Rivian,Lordstown Motors, and Lucid Motors; plus, legacy automotive manufacturers are bringing EV models into their lineups. But many of these competitors still need to prove their success, while Tesla remains the face of electric vehicle technology. It remains the safest investment in an emerging space until a competitor manages to take meaningful market share from them.</p>\n<h2>2. The largest charging network</h2>\n<p>Charging stations are an important, yet often forgotten, aspect of the electric vehicle market. Tesla has famously invested in its own charging network, but most automotive manufacturers are not doing so, leaving EV drivers in need of a network of chargers to support their travel needs.</p>\n<p>ChargePoint Holdings&nbsp;is the dominant charging network in North America, with more than 118,000 active stations and seven times as much market share as its closest competitor. The company has more than 5,000 customers that choose ChargePoint to bring EV charging to their premises, including businesses, fleets, resorts, and residences.</p>\n<p>There is a clear political push for electric vehicles and ESG (environmental, social, and governance) standards that companies are striving for, so the tailwinds are there for consumers to continue gravitating toward EVs. This will directly benefit ChargePoint, whose software and service segments will generate recurring revenue as its charging network grows.</p>\n<h2>3. A potential disruptor of the battery business</h2>\n<p>Whereas the engine is the critical component of the gas-powered vehicle, the battery is the heart of the EV. QuantumScape&nbsp;is a battery technology company working to bring a new type of EV battery to market.</p>\n<p>QuantumScape's battery is a solid-state lithium-metal battery, which is more energy-dense than traditional lithium-ion batteries, and the company claims it can be charged faster and last longer. The company also has more than 200 patents and applications pending, giving QuantumScape legal protection if the battery is as effective as it hopes it is.</p>\n<p>However, the battery is still in development, meaning the company is essentially \"pre-revenue\" and a riskier investment than both Tesla and ChargePoint. Furthermore, the commercialization of the battery is still several years away, with management expecting testing to begin in 2023 and a full launch in 2025. Investors should be aware that QuantumScape doesn't yet have a product and that buying the stock is a bet that promises turn into real results in the future.</p>\n<h2>Here's the bottom line</h2>\n<p>The automotive industry is collectively worth more than $2 trillion and could someday be fully electric. The opportunity for huge returns is there for investors, just like the internet in its earliest days. But just like the dot-com boom, investors need to be careful to identify the leaders of EV technology and not get caught up with the pretenders that never amount to much.</p>\n<p>With Tesla, ChargePoint, and QuantumScape, investors have exposure to EVs, the infrastructure beneath them, and a high-upside leap forward in battery technology. These are potentially impactful companies that could end up being the titans of an electric automotive industry over the long haul.</p>\n<p>But just like the internet in its early days, electric vehicles are a new industry with elevated risk. Tesla has proven the most of these three companies, but all three, to a degree, are pricing in the future success that the underlying businesses haven't yet delivered on. Investors can benefit from these stocks but will need to remain vigilant in seeing that the management teams behind each come through on their promises.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Top Electric Vehicle Stocks to 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 Top Electric Vehicle Stocks to Buy for the Long Haul\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-09 10:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/09/08/3-top-electric-vehicle-stocks-to-buy-for-the-long/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The \"dot-com\" bubble is one of the most famous periods in stock market history. The internet was new, and an investor frenzy bid up stocks that had anything to do with the worldwide web. Eventually, ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/09/08/3-top-electric-vehicle-stocks-to-buy-for-the-long/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","CHPT":"ChargePoint Holdings Inc.","QS":"Quantumscape Corp."},"source_url":"https://www.fool.com/investing/2021/09/08/3-top-electric-vehicle-stocks-to-buy-for-the-long/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2165399556","content_text":"The \"dot-com\" bubble is one of the most famous periods in stock market history. The internet was new, and an investor frenzy bid up stocks that had anything to do with the worldwide web. Eventually, the bubble burst and most of the frenzied stocks are no longer around today.\nA similar craze with electric vehicles (EVs) has occurred; electric vehicle company Rivian may IPO at a larger valuation than Ford Motor Company without delivering a single vehicle! But just like the internet, electric vehicles are coming, and some great companies are leading the charge; here are three of them.\n1. The dominant electric vehicle company\nTesla, led by CEO Elon Musk, brought electric vehicles into the mainstream discussion in 2012 when the Model S launched. The rest of the automotive industry watched Tesla's deliveries grow from 22,442 vehicles in 2013 to 499,535 in 2020; now, the entire industry is racing to bring competitive electric vehicles to market.\nImage source: Getty Images.\nThe company has an enormous first-mover advantage in the United States market, with an estimated 71% market share of electric vehicles. In 2020, Tesla models represented 79% of new electric vehicle registrations in the U.S.\nElectric car stocks are entering the picture, such as Rivian,Lordstown Motors, and Lucid Motors; plus, legacy automotive manufacturers are bringing EV models into their lineups. But many of these competitors still need to prove their success, while Tesla remains the face of electric vehicle technology. It remains the safest investment in an emerging space until a competitor manages to take meaningful market share from them.\n2. The largest charging network\nCharging stations are an important, yet often forgotten, aspect of the electric vehicle market. Tesla has famously invested in its own charging network, but most automotive manufacturers are not doing so, leaving EV drivers in need of a network of chargers to support their travel needs.\nChargePoint Holdings is the dominant charging network in North America, with more than 118,000 active stations and seven times as much market share as its closest competitor. The company has more than 5,000 customers that choose ChargePoint to bring EV charging to their premises, including businesses, fleets, resorts, and residences.\nThere is a clear political push for electric vehicles and ESG (environmental, social, and governance) standards that companies are striving for, so the tailwinds are there for consumers to continue gravitating toward EVs. This will directly benefit ChargePoint, whose software and service segments will generate recurring revenue as its charging network grows.\n3. A potential disruptor of the battery business\nWhereas the engine is the critical component of the gas-powered vehicle, the battery is the heart of the EV. QuantumScape is a battery technology company working to bring a new type of EV battery to market.\nQuantumScape's battery is a solid-state lithium-metal battery, which is more energy-dense than traditional lithium-ion batteries, and the company claims it can be charged faster and last longer. The company also has more than 200 patents and applications pending, giving QuantumScape legal protection if the battery is as effective as it hopes it is.\nHowever, the battery is still in development, meaning the company is essentially \"pre-revenue\" and a riskier investment than both Tesla and ChargePoint. Furthermore, the commercialization of the battery is still several years away, with management expecting testing to begin in 2023 and a full launch in 2025. Investors should be aware that QuantumScape doesn't yet have a product and that buying the stock is a bet that promises turn into real results in the future.\nHere's the bottom line\nThe automotive industry is collectively worth more than $2 trillion and could someday be fully electric. The opportunity for huge returns is there for investors, just like the internet in its earliest days. But just like the dot-com boom, investors need to be careful to identify the leaders of EV technology and not get caught up with the pretenders that never amount to much.\nWith Tesla, ChargePoint, and QuantumScape, investors have exposure to EVs, the infrastructure beneath them, and a high-upside leap forward in battery technology. These are potentially impactful companies that could end up being the titans of an electric automotive industry over the long haul.\nBut just like the internet in its early days, electric vehicles are a new industry with elevated risk. Tesla has proven the most of these three companies, but all three, to a degree, are pricing in the future success that the underlying businesses haven't yet delivered on. Investors can benefit from these stocks but will need to remain vigilant in seeing that the management teams behind each come through on their promises.","news_type":1},"isVote":1,"tweetType":1,"viewCount":130,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816570536,"gmtCreate":1630509719525,"gmtModify":1676530326210,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559357742503712","authorIdStr":"3559357742503712"},"themes":[],"htmlText":"Errr im holding for now...&nbsp;","listText":"Errr im holding for now...&nbsp;","text":"Errr im holding for now...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/816570536","repostId":"2164550813","repostType":4,"repost":{"id":"2164550813","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1630508907,"share":"https://ttm.financial/m/news/2164550813?lang=&edition=fundamental","pubTime":"2021-09-01 23:08","market":"fut","language":"en","title":"U.S. crude stocks down, product demand hits all-time record - EIA","url":"https://stock-news.laohu8.com/highlight/detail?id=2164550813","media":"Reuters","summary":"Sept 1 (Reuters) - U.S. crude stocks dropped sharply while petroleum products supplied by refiners h","content":"<p>Sept 1 (Reuters) - U.S. crude stocks dropped sharply while petroleum products supplied by refiners hit an all-time record despite the rise in coronavirus cases nationwide, the Energy Information Administration said on Wednesday.</p>\n<p>Crude inventories fell by 7.2 million barrels in the week to Aug. 27 to 425.4 million barrels, compared with analysts' expectations in a Reuters poll for a 3.1 million-barrel drop.</p>\n<p>Product supplied by refineries, a measure of demand, rose to 22.8 million barrels per day in the most recent week. That's a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-week record, and signals strength in consumption for diesel, gasoline and other fuels by consumers and exporters.</p>\n<p>The four-week average rose to 21.4 million bpd, highest since September 2019.</p>\n<p>\"Total products supplied increased a fair amount. That's surprising to me as we see product demand remaining robust despite some of the Delta variant concerns,\" said Tony Headrick, analyst at CHS Hedging.</p>\n<p>Next week's figures are likely to be skewed by the drop in offshore output due to Hurricane Ida, which has also shut numerous refineries on the U.S. Gulf Coast.</p>\n<p>U.S. production rose to 11.5 million barrels per day, highest since May 2020, even though weekly output figures are volatile and analysts generally rely more on monthly data from EIA on production.</p>\n<p>Refinery crude runs fell by 134,000 barrels per day in the last week, EIA said. Refinery utilization rates</p>\n<p>fell by 1.1 percentage points in the week as the summer driving season wanes and the less-active turnaround season approaches. Many refiners delayed maintenance last year due to a lack of workers related to COVID-19.</p>\n<p>U.S. gasoline stocks rose by 1.3 million barrels in the week to 227.2 million barrels, the EIA said, compared with expectations for a 1.6-million-barrel drop.</p>\n<p>Distillate stockpiles , which include diesel and heating oil, fell by 1.7 million barrels, versus expectations for a 650,000-barrel drop. Net U.S. crude imports fell last week by 45,000 barrels per day, EIA said.</p>\n<p>Oil prices remained lower on the day. U.S. crude fell 1.1%, or 81 cents, to $67.69 a barrel as of 10:53 a.m. EDT (1453 GMT). Brent dropped 74 cents, or 1%, to $70.90 a barrel.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. crude stocks down, product demand hits all-time record - EIA</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\">\nU.S. crude stocks down, product demand hits all-time record - EIA\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-09-01 23:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Sept 1 (Reuters) - U.S. crude stocks dropped sharply while petroleum products supplied by refiners hit an all-time record despite the rise in coronavirus cases nationwide, the Energy Information Administration said on Wednesday.</p>\n<p>Crude inventories fell by 7.2 million barrels in the week to Aug. 27 to 425.4 million barrels, compared with analysts' expectations in a Reuters poll for a 3.1 million-barrel drop.</p>\n<p>Product supplied by refineries, a measure of demand, rose to 22.8 million barrels per day in the most recent week. That's a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-week record, and signals strength in consumption for diesel, gasoline and other fuels by consumers and exporters.</p>\n<p>The four-week average rose to 21.4 million bpd, highest since September 2019.</p>\n<p>\"Total products supplied increased a fair amount. That's surprising to me as we see product demand remaining robust despite some of the Delta variant concerns,\" said Tony Headrick, analyst at CHS Hedging.</p>\n<p>Next week's figures are likely to be skewed by the drop in offshore output due to Hurricane Ida, which has also shut numerous refineries on the U.S. Gulf Coast.</p>\n<p>U.S. production rose to 11.5 million barrels per day, highest since May 2020, even though weekly output figures are volatile and analysts generally rely more on monthly data from EIA on production.</p>\n<p>Refinery crude runs fell by 134,000 barrels per day in the last week, EIA said. Refinery utilization rates</p>\n<p>fell by 1.1 percentage points in the week as the summer driving season wanes and the less-active turnaround season approaches. Many refiners delayed maintenance last year due to a lack of workers related to COVID-19.</p>\n<p>U.S. gasoline stocks rose by 1.3 million barrels in the week to 227.2 million barrels, the EIA said, compared with expectations for a 1.6-million-barrel drop.</p>\n<p>Distillate stockpiles , which include diesel and heating oil, fell by 1.7 million barrels, versus expectations for a 650,000-barrel drop. Net U.S. crude imports fell last week by 45,000 barrels per day, EIA said.</p>\n<p>Oil prices remained lower on the day. U.S. crude fell 1.1%, or 81 cents, to $67.69 a barrel as of 10:53 a.m. EDT (1453 GMT). Brent dropped 74 cents, or 1%, to $70.90 a barrel.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UCO":"二倍做多彭博原油ETF","UNG":"美国天然气基金","DGAZ":"三倍做空天然气ETN(VelocityShares)","USO":"美国原油ETF","DDG":"ProShares做空石油与天然气ETF","UGAZ":"三倍做多天然气ETN(VelocityShares)","SCO":"二倍做空彭博原油指数ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","DWT":"三倍做空原油ETN"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2164550813","content_text":"Sept 1 (Reuters) - U.S. crude stocks dropped sharply while petroleum products supplied by refiners hit an all-time record despite the rise in coronavirus cases nationwide, the Energy Information Administration said on Wednesday.\nCrude inventories fell by 7.2 million barrels in the week to Aug. 27 to 425.4 million barrels, compared with analysts' expectations in a Reuters poll for a 3.1 million-barrel drop.\nProduct supplied by refineries, a measure of demand, rose to 22.8 million barrels per day in the most recent week. That's a one-week record, and signals strength in consumption for diesel, gasoline and other fuels by consumers and exporters.\nThe four-week average rose to 21.4 million bpd, highest since September 2019.\n\"Total products supplied increased a fair amount. That's surprising to me as we see product demand remaining robust despite some of the Delta variant concerns,\" said Tony Headrick, analyst at CHS Hedging.\nNext week's figures are likely to be skewed by the drop in offshore output due to Hurricane Ida, which has also shut numerous refineries on the U.S. Gulf Coast.\nU.S. production rose to 11.5 million barrels per day, highest since May 2020, even though weekly output figures are volatile and analysts generally rely more on monthly data from EIA on production.\nRefinery crude runs fell by 134,000 barrels per day in the last week, EIA said. Refinery utilization rates\nfell by 1.1 percentage points in the week as the summer driving season wanes and the less-active turnaround season approaches. Many refiners delayed maintenance last year due to a lack of workers related to COVID-19.\nU.S. gasoline stocks rose by 1.3 million barrels in the week to 227.2 million barrels, the EIA said, compared with expectations for a 1.6-million-barrel drop.\nDistillate stockpiles , which include diesel and heating oil, fell by 1.7 million barrels, versus expectations for a 650,000-barrel drop. Net U.S. crude imports fell last week by 45,000 barrels per day, EIA said.\nOil prices remained lower on the day. U.S. crude fell 1.1%, or 81 cents, to $67.69 a barrel as of 10:53 a.m. EDT (1453 GMT). Brent dropped 74 cents, or 1%, to $70.90 a barrel.","news_type":1},"isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813551129,"gmtCreate":1630217884661,"gmtModify":1676530246068,"author":{"id":"3559357742503712","authorId":"3559357742503712","name":"生肉麵加豬油渣","avatar":"https://static.tigerbbs.com/797772e5857b1091ed85d4b17fe6201b","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559357742503712","authorIdStr":"3559357742503712"},"themes":[],"htmlText":"Fishy...&nbsp;","listText":"Fishy...&nbsp;","text":"Fishy...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/813551129","repostId":"2163079604","repostType":4,"repost":{"id":"2163079604","kind":"news","pubTimestamp":1630200486,"share":"https://ttm.financial/m/news/2163079604?lang=&edition=fundamental","pubTime":"2021-08-29 09:28","market":"us","language":"en","title":"Tesla's Musk signals concerns over Nvidia deal for UK chip maker -The Telegraph","url":"https://stock-news.laohu8.com/highlight/detail?id=2163079604","media":"Reuters","summary":"Aug 28  - Tesla Inc Chief Executive Elon Musk has signaled competition concerns over Nvidia Corp's planned purchase of British chip designer Arm, the Telegraph reported on Saturday, citing multiple sources.E-commerce giant Amazon.com Inc and smartphone maker Samsung Electronics Co Ltd have also lodged opposition to the deal with U.S. authorities, the newspaper reported.Earlier this year, the U.S. Federal Trade Commission opened an in-depth probe into the takeover. The probe findings are expected","content":"<p>Aug 28 (Reuters) - Tesla Inc Chief Executive Elon Musk has signaled competition concerns over Nvidia Corp's planned purchase of British chip designer Arm, the Telegraph reported on Saturday, citing multiple sources.</p>\n<p>E-commerce giant Amazon.com Inc and smartphone maker Samsung Electronics Co Ltd have also lodged opposition to the deal with U.S. authorities, the newspaper reported.</p>\n<p>Earlier this year, the U.S. Federal Trade Commission opened an in-depth probe into the takeover. The probe findings are expected in the coming weeks, according to the newspaper.</p>\n<p>Tesla, Amazon, Samsung and Nvidia did not immediately respond to a Reuters request for comment.</p>\n<p>Nvidia is likely to seek European Union antitrust approval for the $54 billion purchase of Arm early next month, with regulators expected to launch a full-scale investigation after a preliminary review, people familiar with the matter have said. (Reporting by Aishwarya Nair in Bengaluru)</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla's Musk signals concerns over Nvidia deal for UK chip maker -The Telegraph</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla's Musk signals concerns over Nvidia deal for UK chip maker -The Telegraph\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-29 09:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/teslas-musk-signals-concerns-over-012806187.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 28 (Reuters) - Tesla Inc Chief Executive Elon Musk has signaled competition concerns over Nvidia Corp's planned purchase of British chip designer Arm, the Telegraph reported on Saturday, citing ...</p>\n\n<a href=\"https://finance.yahoo.com/news/teslas-musk-signals-concerns-over-012806187.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NVDA":"英伟达"},"source_url":"https://finance.yahoo.com/news/teslas-musk-signals-concerns-over-012806187.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2163079604","content_text":"Aug 28 (Reuters) - Tesla Inc Chief Executive Elon Musk has signaled competition concerns over Nvidia Corp's planned purchase of British chip designer Arm, the Telegraph reported on Saturday, citing multiple sources.\nE-commerce giant Amazon.com Inc and smartphone maker Samsung Electronics Co Ltd have also lodged opposition to the deal with U.S. authorities, the newspaper reported.\nEarlier this year, the U.S. Federal Trade Commission opened an in-depth probe into the takeover. The probe findings are expected in the coming weeks, according to the newspaper.\nTesla, Amazon, Samsung and Nvidia did not immediately respond to a Reuters request for comment.\nNvidia is likely to seek European Union antitrust approval for the $54 billion purchase of Arm early next month, with regulators expected to launch a full-scale investigation after a preliminary review, people familiar with the matter have said. (Reporting by Aishwarya Nair in Bengaluru)","news_type":1},"isVote":1,"tweetType":1,"viewCount":47,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}