GuangQi personal page - To The Moon

GuangQi

GuangQi

No personal profile

6Follow

0Followers

0Topic

0Badge

2021-06-19

nice

Aihuishou International Co. Ltd. Announces Pricing Of Initial Public Offering

2021-06-19

to the moon we asay

Energy stocks roar toward their best year in three decades amid recovery in oil

2021-06-18

can i buy gpu please

Crypto Mining Could Give Huge Boost to Seagate and Western Digital Stock

2021-06-18

to the moooon

Nasdaq closes up on tech stocks strength, as hawkish Fed limits S&P

2021-06-17

pltr or snow??

Snowflake: A Very Aggressive Bet On The Future Of The Data Cloud

2021-06-17

EV IS THE NEXT BEST PLAY!

Fisker: One Of The Best Pure-Play EV Bets

2021-06-17

TO THE MOOOON

Sports betting revenue forecast to skyrocket as more states approve

2021-06-17

oh that’s insane!

Up 190% in a Year, Is Shift4 Payments Stock a Buy?

2021-06-17

hello

Nokia accelerates Telenor and Telia joint 5G network rollout in Denmark

2021-06-17

wow

Hawkish Fed fuels dollar, leaves stocks and bonds bruised

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":"3560160342346625","uuid":"3560160342346625","gmtCreate":1597069260869,"gmtModify":1623757220855,"name":"GuangQi","pinyin":"guangqi","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/8fbd001e1d862fb54bf556f9fec008bc","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":6,"tweetSize":10,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.09.19","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"60.30%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"60.32%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":2,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":165187965,"gmtCreate":1624106536057,"gmtModify":1703828904424,"author":{"id":"3560160342346625","authorId":"3560160342346625","name":"GuangQi","avatar":"https://static.tigerbbs.com/8fbd001e1d862fb54bf556f9fec008bc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560160342346625","authorIdStr":"3560160342346625"},"themes":[],"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165187965","repostId":"2144779706","repostType":4,"repost":{"id":"2144779706","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":"T-Reuters","id":"1086160438","head_image":"https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5"},"pubTimestamp":1624022837,"share":"https://ttm.financial/m/news/2144779706?lang=&edition=fundamental","pubTime":"2021-06-18 21:27","market":"hk","language":"en","title":"Aihuishou International Co. Ltd. Announces Pricing Of Initial Public Offering","url":"https://stock-news.laohu8.com/highlight/detail?id=2144779706","media":"T-Reuters","summary":"AiHuiShou International Co Ltd:Aihuishou International Co. Ltd. Announces Pricing Of Initial Public ","content":"<p>AiHuiShou International Co Ltd:Aihuishou International Co. Ltd. Announces Pricing Of Initial Public Offering.Aihuishou International - Pricing Of Ipo Of 16.2 Million American Depositary Shares At A Price To Public Of Us$14.00 Per Ads.</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>Aihuishou International Co. Ltd. Announces Pricing Of Initial Public Offering</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\">\nAihuishou International Co. Ltd. Announces Pricing Of Initial Public Offering\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086160438\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">T-Reuters </p>\n<p class=\"h-time\">2021-06-18 21:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>AiHuiShou International Co Ltd:Aihuishou International Co. Ltd. Announces Pricing Of Initial Public Offering.Aihuishou International - Pricing Of Ipo Of 16.2 Million American Depositary Shares At A Price To Public Of Us$14.00 Per Ads.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RERE":"万物新生","00626":"大众金融控股"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144779706","content_text":"AiHuiShou International Co Ltd:Aihuishou International Co. Ltd. Announces Pricing Of Initial Public Offering.Aihuishou International - Pricing Of Ipo Of 16.2 Million American Depositary Shares At A Price To Public Of Us$14.00 Per Ads.","news_type":1},"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165185203,"gmtCreate":1624106378202,"gmtModify":1703828901968,"author":{"id":"3560160342346625","authorId":"3560160342346625","name":"GuangQi","avatar":"https://static.tigerbbs.com/8fbd001e1d862fb54bf556f9fec008bc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560160342346625","authorIdStr":"3560160342346625"},"themes":[],"htmlText":"to the moon we asay","listText":"to the moon we asay","text":"to the moon we asay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/165185203","repostId":"1138062216","repostType":4,"repost":{"id":"1138062216","kind":"news","pubTimestamp":1624029740,"share":"https://ttm.financial/m/news/1138062216?lang=&edition=fundamental","pubTime":"2021-06-18 23:22","market":"us","language":"en","title":"Energy stocks roar toward their best year in three decades amid recovery in oil","url":"https://stock-news.laohu8.com/highlight/detail?id=1138062216","media":"cnbc","summary":"It’s six months into 2021, andenergy stocksare already on pace for their best year in more than thre","content":"<div>\n<p>It’s six months into 2021, andenergy stocksare already on pace for their best year in more than three decades, leading some to believe the run may be due for a pullback.\nThe group pulled back on ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/18/energy-stocks-roar-toward-their-best-year-in-three-decades-amid-recovery-in-oil.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Energy stocks roar toward their best year in three decades amid recovery in oil</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\">\nEnergy stocks roar toward their best year in three decades amid recovery in oil\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 23:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/18/energy-stocks-roar-toward-their-best-year-in-three-decades-amid-recovery-in-oil.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s six months into 2021, andenergy stocksare already on pace for their best year in more than three decades, leading some to believe the run may be due for a pullback.\nThe group pulled back on ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/18/energy-stocks-roar-toward-their-best-year-in-three-decades-amid-recovery-in-oil.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EOG":"依欧格资源","MRO":"马拉松石油","FANG":"Diamondback Energy","DVN":"德文能源"},"source_url":"https://www.cnbc.com/2021/06/18/energy-stocks-roar-toward-their-best-year-in-three-decades-amid-recovery-in-oil.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1138062216","content_text":"It’s six months into 2021, andenergy stocksare already on pace for their best year in more than three decades, leading some to believe the run may be due for a pullback.\nThe group pulled back on Thursday and Friday, but is still up more than 40% for the year. That’s almost double the 23% return for the real estate sector, which is the second-best sector. The S&P 500 is up nearly 12% this year.\nEnergy’s big start to the year means that even if the sector goes nowhere for the rest of 2021, it will still be the best year since 1990 by nearly 10%, according to Bay Crest Partners chief market technician Jonathan Krinsky.\nThe surge in energy stocks comes on the back of a recovery in oil prices, and as investors return to areas of the market that were left out of 2020′s rebound from the pandemic lows. The sector was also starting from a low base. In 2020, the group fell 37.3% for its worst performance since inception in 1989.\nKrinsky is among those saying the upside move is overdone, and his call is to sell crude oil and energy stocks broadly. From a technical standpoint, he noted that the $420 to $450 level acted as support — a floor — for the group during the last decade. But then during the Covid sell-off, the sector plunged below that key level — breaking below $200 — as the pandemic ground economies around the world to a halt.\n\nThe S&P Energy Sector has since recovered and traded as high as $420 on Thursday, inching closer to their prior support level, which now acts as resistance, or where an uptrend could be expected to reverse.\n“Oftentimes when you break a very important support like that, once you come back and test it as resistance, it’s difficult to exceed that — at least on the first try,” Krinsky noted.\nGauging performance from Jan. 1 might seem arbitrary, but he added that the sector’s outperformance is notable from virtually any date. Over the last eight months, the group has returned over 90%, which Krinsky says is more than two times the prior largest such gain over the last three decades.\n“Even on a rolling basis this is somewhat unprecedented,” he said. His bearish call on the sector also stems from other commodities breaking down, including lumber and copper. The latter is now breaking its uptrend, and Krinsky noted that copper was a leading indicator for the 2020 low, hitting a bottom one month ahead of West Texas Intermediate Crude futures.\nTOP-PERFORMING S&P 500 ENERGY STOCKS THIS YEAR\n\n\n\nTICKER\nCOMPANY\nPRICE\n%CHANGE\nYIELD\nPREVIOUS CLOSE\n\n\n\n\nMRO\nMarathon Oil Corp\n12.83\n-0.4655\n12.83\n12.89\n\n\nFANG\nDiamondback Energy Inc\n86.23\n-0.7596\n86.23\n86.89\n\n\nDVN\nDevon Energy Corp\n27.22\n-1.3411\n27.22\n27.59\n\n\nEOG\nEOG Resources Inc\n80.795\n-0.7798\n80.795\n81.43\n\n\n\nWithin the sector,Marathon Oilhas gained nearly 93% this year, making it the top-performing energy stock in the S&P 500.\nDiamondback Energyrose about 80% year to date, andDevon Energyclimbed more than 70%.OccidentalandEOG Resourcesare up more than 60%.\nAmid the outperformance the group remains unloved by Wall Street as factors – including environmental, social and corporate governance investing – prompt investors to shy away from the sector. Bank of America recently noted that the entire sector makes up just 2% of the average long-only portfolio, or less than half the allocation toward Facebook, which sits at 4.2%.\nEnergy still comprises a tiny portion of the S&P 500, but as the sector’s weighting grows, fund managers who shun the space could risk returns.\nMRB Partners on Thursday reiterated its overweight rating on the group, saying the recovery in demand for petroleum products, coupled with ongoing supply constraints, should push oil prices higher, leading to further returns for energy stocks.\n“Strengthening cash flows, leaner cost structures, and better capital discipline position the industry to moderately increase capital returns to shareholders,” strategists led by Salvatore Ruscitti wrote in a note to clients. “Relative performance will benefit from the reflationary backdrop and our expectations for a softer U.S. dollar.”\nWhen it comes to specific stocks, Gilman Hill Asset Management CEO Jenny Harrington owns names includingChevron,OneokandKinder Morgan. She noted on Thursday’s“Halftime Report”that it’s important to look at the whole picture. While oil is at its highest level in nearly two and a half years, it’s trading at about half the level it was just a few years ago. On the flip side, it’s well above where it traded in June of 2020 as the pandemic took hold.\n“They’re all trading at a fraction of the market multiple,” Harrington said of the energy stocks she owns. “They all have hefty dividend yields,” she added, arguing that strong earnings growth means “there’s a lot of room to go here.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166021051,"gmtCreate":1623985916573,"gmtModify":1703825698728,"author":{"id":"3560160342346625","authorId":"3560160342346625","name":"GuangQi","avatar":"https://static.tigerbbs.com/8fbd001e1d862fb54bf556f9fec008bc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560160342346625","authorIdStr":"3560160342346625"},"themes":[],"htmlText":"can i buy gpu please","listText":"can i buy gpu please","text":"can i buy gpu please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166021051","repostId":"1112448941","repostType":4,"repost":{"id":"1112448941","kind":"news","pubTimestamp":1623984287,"share":"https://ttm.financial/m/news/1112448941?lang=&edition=fundamental","pubTime":"2021-06-18 10:44","market":"us","language":"en","title":"Crypto Mining Could Give Huge Boost to Seagate and Western Digital Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1112448941","media":"Barrons","summary":"Disk-drive demand continues to be warped by the rapid adoption of Chia, a cryptocurrency that relies","content":"<p>Disk-drive demand continues to be warped by the rapid adoption of Chia, a cryptocurrency that relies on large capacity drives to “farm” new coins.</p>\n<p>, Chia uses a different model than other cryptocurrencies to create new coins. Most cryptocurrencies rely on a “proof of work” model to verify transactions: Miners solve complex mathematical problems that require lots of computational power to earn coins, which explains why traditional mining is so energy-intensive.</p>\n<p>Chia’s approach, by contrast, is tied to storage capacity committed to being used on the blockchain, rather than computational might. And that is warping demand for high-capacity drives.</p>\n<p>In a research note on Thursday, Loop Capital analyst&nbsp;Ananda Baruah&nbsp;asserts that both&nbsp;SeagateTechnology Holdings (ticker: STX) and&nbsp;Western Digital(WDC)—which together control most of the world’s disk-drive production—could see a sustained boost to both pricing and profits from the Chia-driven acceleration in demand for high-capacity drives.</p>\n<p>If that demand is sustained, he asserts, Seagate’s annualized earnings could reach $12 a share, well above the Street’s consensus forecasts of profits of $5.52 a share for the June 2021 fiscal year, $7.48 for fiscal 2022, and $7.71 for fiscal 2023. For Western Digital, he writes, profits could reach the $10-$12-per-share range, which compares to Street estimates of $3.83 for the June 2021 fiscal year, $8.87 for fiscal 2022, and $10.54 for fiscal 2023.</p>\n<p>While the impact on drive pricing from Chia farming has largely been at the retail level and through distributors, Baruah sees the trend overflowing to contract pricing if the Chia trend is sustained, with higher prices possible for drives sold to both cloud-computing companies and major data-storage systems companies like Hewlett Packard Enterprise (HPE),Dell Technologies‘ (DELL) EMC unit, and&nbsp;NetApp(NTAP).</p>\n<p>He contends that both Seagate and Western Digital have begun holding conversations on shifting average selling prices higher. And he adds that “if all of this holds, gross margin expansion could have a long way to go.”</p>\n<p>With distributor inventories depleted, Baruah adds, the hard-drive suppliers are “in prime position” heading into the calendar second half to see elevated pricing. He notes that the last time there was an event-driven price reset in the drive market was 10 years ago, when severe flooding in Thailand knocked out a substantial portion of drive manufacturing capacity. This time, he says, there is less excess capacity in the system, with limited suppliers of both recording heads and magnetic media constraining the ability to satisfy demand.</p>\n<p>Baruah maintains his Buy ratings on both Seagate and Western Digital. He has price targets of $100 on Seagate and $90 on Western. Both stocks are lower in recent trading, with Seagate off 4.2%, at $88.82, and Western Digital down 3.4%, at $70.77. The&nbsp;S&amp;P 500&nbsp;index is down 0.04%.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto Mining Could Give Huge Boost to Seagate and Western Digital Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto Mining Could Give Huge Boost to Seagate and Western Digital Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 10:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/crypto-mining-could-give-huge-boost-to-seagate-and-western-digital-stock-51623944488?mod=hp_DAY_7><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Disk-drive demand continues to be warped by the rapid adoption of Chia, a cryptocurrency that relies on large capacity drives to “farm” new coins.\n, Chia uses a different model than other ...</p>\n\n<a href=\"https://www.barrons.com/articles/crypto-mining-could-give-huge-boost-to-seagate-and-western-digital-stock-51623944488?mod=hp_DAY_7\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WDC":"西部数据","STX":"希捷科技"},"source_url":"https://www.barrons.com/articles/crypto-mining-could-give-huge-boost-to-seagate-and-western-digital-stock-51623944488?mod=hp_DAY_7","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112448941","content_text":"Disk-drive demand continues to be warped by the rapid adoption of Chia, a cryptocurrency that relies on large capacity drives to “farm” new coins.\n, Chia uses a different model than other cryptocurrencies to create new coins. Most cryptocurrencies rely on a “proof of work” model to verify transactions: Miners solve complex mathematical problems that require lots of computational power to earn coins, which explains why traditional mining is so energy-intensive.\nChia’s approach, by contrast, is tied to storage capacity committed to being used on the blockchain, rather than computational might. And that is warping demand for high-capacity drives.\nIn a research note on Thursday, Loop Capital analyst Ananda Baruah asserts that both SeagateTechnology Holdings (ticker: STX) and Western Digital(WDC)—which together control most of the world’s disk-drive production—could see a sustained boost to both pricing and profits from the Chia-driven acceleration in demand for high-capacity drives.\nIf that demand is sustained, he asserts, Seagate’s annualized earnings could reach $12 a share, well above the Street’s consensus forecasts of profits of $5.52 a share for the June 2021 fiscal year, $7.48 for fiscal 2022, and $7.71 for fiscal 2023. For Western Digital, he writes, profits could reach the $10-$12-per-share range, which compares to Street estimates of $3.83 for the June 2021 fiscal year, $8.87 for fiscal 2022, and $10.54 for fiscal 2023.\nWhile the impact on drive pricing from Chia farming has largely been at the retail level and through distributors, Baruah sees the trend overflowing to contract pricing if the Chia trend is sustained, with higher prices possible for drives sold to both cloud-computing companies and major data-storage systems companies like Hewlett Packard Enterprise (HPE),Dell Technologies‘ (DELL) EMC unit, and NetApp(NTAP).\nHe contends that both Seagate and Western Digital have begun holding conversations on shifting average selling prices higher. And he adds that “if all of this holds, gross margin expansion could have a long way to go.”\nWith distributor inventories depleted, Baruah adds, the hard-drive suppliers are “in prime position” heading into the calendar second half to see elevated pricing. He notes that the last time there was an event-driven price reset in the drive market was 10 years ago, when severe flooding in Thailand knocked out a substantial portion of drive manufacturing capacity. This time, he says, there is less excess capacity in the system, with limited suppliers of both recording heads and magnetic media constraining the ability to satisfy demand.\nBaruah maintains his Buy ratings on both Seagate and Western Digital. He has price targets of $100 on Seagate and $90 on Western. Both stocks are lower in recent trading, with Seagate off 4.2%, at $88.82, and Western Digital down 3.4%, at $70.77. The S&P 500 index is down 0.04%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166029272,"gmtCreate":1623985894796,"gmtModify":1703825696781,"author":{"id":"3560160342346625","authorId":"3560160342346625","name":"GuangQi","avatar":"https://static.tigerbbs.com/8fbd001e1d862fb54bf556f9fec008bc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560160342346625","authorIdStr":"3560160342346625"},"themes":[],"htmlText":"to the moooon","listText":"to the moooon","text":"to the moooon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166029272","repostId":"2144286417","repostType":4,"repost":{"id":"2144286417","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":1623970062,"share":"https://ttm.financial/m/news/2144286417?lang=&edition=fundamental","pubTime":"2021-06-18 06:47","market":"us","language":"en","title":"Nasdaq closes up on tech stocks strength, as hawkish Fed limits S&P","url":"https://stock-news.laohu8.com/highlight/detail?id=2144286417","media":"Reuters","summary":"June 17  - Conviction in the strength of the economic recovery pushed investors into U.S. technology stocks on Thursday, driving the Nasdaq higher, although a post-Fed hangover left a subdued S&P nursing a very minor loss.The marginal decline was the S&P's third negative finish in a row, while the Dow - with a more pronounced drop - posted its fourth straight lower close.Many investors were still processing the Federal Reserve's unexpectedly hawkish message on monetary policy from the previous d","content":"<p>June 17 (Reuters) - Conviction in the strength of the economic recovery pushed investors into U.S. technology stocks on Thursday, driving the Nasdaq higher, although a post-Fed hangover left a subdued S&amp;P nursing a very minor loss.</p>\n<p>The marginal decline was the S&amp;P's third negative finish in a row, while the Dow - with a more pronounced drop - posted its fourth straight lower close.</p>\n<p>Many investors were still processing the Federal Reserve's unexpectedly hawkish message on monetary policy from the previous day, which projected the first post-pandemic interest rate hikes in 2023.</p>\n<p>Fed officials cited an improved economic outlook as the U.S. economy recovers quickly from the pandemic, with overall growth expected to hit 7% this year. While careful not to derail the recovery - with no end in sight for supportive policy measures such as bond-buying - the rate-rise signal highlighted concerns about inflation.</p>\n<p>\"I think there was a scenario that people had in mind, that the Fed was going to allow for a larger and longer inflation overshoot, and I think with the increase in the dot plot yesterday... people are rethinking that scenario,\" said David Lefkowitz, head of equities for the Americas at UBS Global Wealth Management.</p>\n<p>Technology shares, which generally perform better when interest rates are low, powered a rally on Wall Street last year as investors flocked to stocks seen as relatively safe during times of economic turmoil.</p>\n<p>Investors returned to such positions on Thursday. Chipmaker Nvidia Corp jumped 4.8%, posting its fourth consecutive record close, after Jefferies raised its price target on the stock.</p>\n<p>Meanwhile, shares of Apple Inc, Microsoft Corp, Amazon.com Inc and Facebook Inc shook off premarket declines to advance between 1.3% and 2.2% as investors bet that a steady economic rebound would boost demand for their products in the long run.</p>\n<p>The Nasdaq ended 13 points short of its record finish on Monday, but it was still the index's second-highest close ever.</p>\n<p>The Dow Jones Industrial Average fell 210.22 points, or 0.62%, to 33,823.45, the S&amp;P 500 lost 1.84 points, or 0.04%, to 4,221.86 and the Nasdaq Composite added 121.67 points, or 0.87%, to 14,161.35.</p>\n<p>Interest rate-sensitive bank stocks slumped 4.3% as longer-dated U.S. Treasury yields dropped.</p>\n<p>The strengthening dollar, another by-product of the previous day's Fed news, pushed U.S. oil prices down from the multi-year high hit earlier in the week. The energy index, in turn, was off 3.5%, the biggest laggard among the 11 main S&amp;P sectors.</p>\n<p>Other economically sensitive stocks, including materials&nbsp;and industrials, fell 2.2% and 1.6% respectively as data showed jobless claims rising last week for the first time in more than a month. Still, layoffs appeared to be easing amid a reopening economy and a shortage of people willing to work.</p>\n<p>Volume on U.S. exchanges was 11.77 billion shares, compared with the 10.67 billion average over the last 20 trading days.</p>\n<p>The S&amp;P 500 posted 23 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 82 new highs and 37 new lows.</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>Nasdaq closes up on tech stocks strength, as hawkish Fed limits S&P</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq closes up on tech stocks strength, as hawkish Fed limits S&P\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\">2021-06-18 06:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>June 17 (Reuters) - Conviction in the strength of the economic recovery pushed investors into U.S. technology stocks on Thursday, driving the Nasdaq higher, although a post-Fed hangover left a subdued S&amp;P nursing a very minor loss.</p>\n<p>The marginal decline was the S&amp;P's third negative finish in a row, while the Dow - with a more pronounced drop - posted its fourth straight lower close.</p>\n<p>Many investors were still processing the Federal Reserve's unexpectedly hawkish message on monetary policy from the previous day, which projected the first post-pandemic interest rate hikes in 2023.</p>\n<p>Fed officials cited an improved economic outlook as the U.S. economy recovers quickly from the pandemic, with overall growth expected to hit 7% this year. While careful not to derail the recovery - with no end in sight for supportive policy measures such as bond-buying - the rate-rise signal highlighted concerns about inflation.</p>\n<p>\"I think there was a scenario that people had in mind, that the Fed was going to allow for a larger and longer inflation overshoot, and I think with the increase in the dot plot yesterday... people are rethinking that scenario,\" said David Lefkowitz, head of equities for the Americas at UBS Global Wealth Management.</p>\n<p>Technology shares, which generally perform better when interest rates are low, powered a rally on Wall Street last year as investors flocked to stocks seen as relatively safe during times of economic turmoil.</p>\n<p>Investors returned to such positions on Thursday. Chipmaker Nvidia Corp jumped 4.8%, posting its fourth consecutive record close, after Jefferies raised its price target on the stock.</p>\n<p>Meanwhile, shares of Apple Inc, Microsoft Corp, Amazon.com Inc and Facebook Inc shook off premarket declines to advance between 1.3% and 2.2% as investors bet that a steady economic rebound would boost demand for their products in the long run.</p>\n<p>The Nasdaq ended 13 points short of its record finish on Monday, but it was still the index's second-highest close ever.</p>\n<p>The Dow Jones Industrial Average fell 210.22 points, or 0.62%, to 33,823.45, the S&amp;P 500 lost 1.84 points, or 0.04%, to 4,221.86 and the Nasdaq Composite added 121.67 points, or 0.87%, to 14,161.35.</p>\n<p>Interest rate-sensitive bank stocks slumped 4.3% as longer-dated U.S. Treasury yields dropped.</p>\n<p>The strengthening dollar, another by-product of the previous day's Fed news, pushed U.S. oil prices down from the multi-year high hit earlier in the week. The energy index, in turn, was off 3.5%, the biggest laggard among the 11 main S&amp;P sectors.</p>\n<p>Other economically sensitive stocks, including materials&nbsp;and industrials, fell 2.2% and 1.6% respectively as data showed jobless claims rising last week for the first time in more than a month. Still, layoffs appeared to be easing amid a reopening economy and a shortage of people willing to work.</p>\n<p>Volume on U.S. exchanges was 11.77 billion shares, compared with the 10.67 billion average over the last 20 trading days.</p>\n<p>The S&amp;P 500 posted 23 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 82 new highs and 37 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QLD":"纳指两倍做多ETF","DOG":"道指反向ETF","UDOW":"道指三倍做多ETF-ProShares",".DJI":"道琼斯","NAB.AU":"NATIONAL AUSTRALIA BANK LTD",".IXIC":"NASDAQ Composite","SQQQ":"纳指三倍做空ETF",".SPX":"S&P 500 Index","MSFT":"微软","03086":"华夏纳指","SDOW":"道指三倍做空ETF-ProShares","AAPL":"苹果","QQQ":"纳指100ETF","QNETCN":"纳斯达克中美互联网老虎指数","NVDA":"英伟达","DXD":"道指两倍做空ETF","09086":"华夏纳指-U","DJX":"1/100道琼斯","QID":"纳指两倍做空ETF","TQQQ":"纳指三倍做多ETF","DDM":"道指两倍做多ETF","AMZN":"亚马逊","PSQ":"纳指反向ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144286417","content_text":"June 17 (Reuters) - Conviction in the strength of the economic recovery pushed investors into U.S. technology stocks on Thursday, driving the Nasdaq higher, although a post-Fed hangover left a subdued S&P nursing a very minor loss.\nThe marginal decline was the S&P's third negative finish in a row, while the Dow - with a more pronounced drop - posted its fourth straight lower close.\nMany investors were still processing the Federal Reserve's unexpectedly hawkish message on monetary policy from the previous day, which projected the first post-pandemic interest rate hikes in 2023.\nFed officials cited an improved economic outlook as the U.S. economy recovers quickly from the pandemic, with overall growth expected to hit 7% this year. While careful not to derail the recovery - with no end in sight for supportive policy measures such as bond-buying - the rate-rise signal highlighted concerns about inflation.\n\"I think there was a scenario that people had in mind, that the Fed was going to allow for a larger and longer inflation overshoot, and I think with the increase in the dot plot yesterday... people are rethinking that scenario,\" said David Lefkowitz, head of equities for the Americas at UBS Global Wealth Management.\nTechnology shares, which generally perform better when interest rates are low, powered a rally on Wall Street last year as investors flocked to stocks seen as relatively safe during times of economic turmoil.\nInvestors returned to such positions on Thursday. Chipmaker Nvidia Corp jumped 4.8%, posting its fourth consecutive record close, after Jefferies raised its price target on the stock.\nMeanwhile, shares of Apple Inc, Microsoft Corp, Amazon.com Inc and Facebook Inc shook off premarket declines to advance between 1.3% and 2.2% as investors bet that a steady economic rebound would boost demand for their products in the long run.\nThe Nasdaq ended 13 points short of its record finish on Monday, but it was still the index's second-highest close ever.\nThe Dow Jones Industrial Average fell 210.22 points, or 0.62%, to 33,823.45, the S&P 500 lost 1.84 points, or 0.04%, to 4,221.86 and the Nasdaq Composite added 121.67 points, or 0.87%, to 14,161.35.\nInterest rate-sensitive bank stocks slumped 4.3% as longer-dated U.S. Treasury yields dropped.\nThe strengthening dollar, another by-product of the previous day's Fed news, pushed U.S. oil prices down from the multi-year high hit earlier in the week. The energy index, in turn, was off 3.5%, the biggest laggard among the 11 main S&P sectors.\nOther economically sensitive stocks, including materials and industrials, fell 2.2% and 1.6% respectively as data showed jobless claims rising last week for the first time in more than a month. Still, layoffs appeared to be easing amid a reopening economy and a shortage of people willing to work.\nVolume on U.S. exchanges was 11.77 billion shares, compared with the 10.67 billion average over the last 20 trading days.\nThe S&P 500 posted 23 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 82 new highs and 37 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":453,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161597120,"gmtCreate":1623933630860,"gmtModify":1703823826061,"author":{"id":"3560160342346625","authorId":"3560160342346625","name":"GuangQi","avatar":"https://static.tigerbbs.com/8fbd001e1d862fb54bf556f9fec008bc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560160342346625","authorIdStr":"3560160342346625"},"themes":[],"htmlText":"pltr or snow??","listText":"pltr or snow??","text":"pltr or snow??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161597120","repostId":"1151875977","repostType":4,"repost":{"id":"1151875977","kind":"news","pubTimestamp":1623900744,"share":"https://ttm.financial/m/news/1151875977?lang=&edition=fundamental","pubTime":"2021-06-17 11:32","market":"us","language":"en","title":"Snowflake: A Very Aggressive Bet On The Future Of The Data Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1151875977","media":"seekingalpha","summary":"Summary\n\nSnowflake has only recently started to recover after the long decline from an all time high","content":"<p><b>Summary</b></p>\n<ul>\n <li>Snowflake has only recently started to recover after the long decline from an all time high of $429 that occurred within the December 8 market session.</li>\n <li>Snowflake created the concept of the Data Cloud which allows organizations to unify and connect to a single copy of all of their data with ease.</li>\n <li>Every Snowflake account is capable of sharing data in the Snowflake Data Marketplace, which is a concept that is very early on in its lifecycle.</li>\n <li>During&nbsp;Investor Day on June 10, Snowflake revealed plans to reach $10 billion in product revenue by the end of 2028 (FY29)&nbsp;with a long-term operating margin target of 10%.</li>\n <li>Snowflake is a buy but only for very aggressive investors as the valuation assumes a lot of growth.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d4f629e0a3038cb93bd57cccce00547d\" tg-width=\"768\" tg-height=\"432\"><span>metamorworks/iStock via Getty Images</span></p>\n<p>Last September, Snowflake (NASDAQ:SNOW) began life as a public company after&nbsp;the largest software IPO in history. Snowflake was at the time of its IPO, a unprofitable software company, which is why it was interesting that Warren Buffett's Berkshire Hathaway (NYSE:BRK.A) , which normally eschews investing in software or cloud companies actually wound up&nbsp;investing $735 million or 6.1 million Snowflake shares at the $120 IPO price.</p>\n<p>On September 18, 2020, CEO Frank Slootman,in an interview, disclosed that Berkshire's insurance unit has been using Snowflake's services for quite awhile and that might be part of the reason that Berkshire was comfortable enough to invest in Snowflake's stock. The Slootman interview also disclosed that Snowflake's interactions with Berkshire have been through Todd Combs, the CEO of Berkshire holding GEICO. Since Todd Combs also serves as a Berkshire investment manager, he is probably the one directly responsible for the Snowflake investment and not Buffett.</p>\n<p>Salesforce Ventures (NYSE:CRM)&nbsp;also decided to make an investment&nbsp;of more than $500 million in the company at the IPO, as a play on digital transformation and long term cloud adoption. Snowflake's stock soared in the months following its IPO, partially due to investors being interested in the fastest growing of all the fast growing digital transformation plays and partially due to Snowflake receiving the seal of approval from both Berkshire and Salesforce.</p>\n<p>Snowflake finally ended up reached an all time high of $429.00 within the December 8th market session, at which point Snowflake was selling for 245x Sales and was already being called \"The Most Highly Valued Large Cap Company in History\".</p>\n<p>Eventually, due to&nbsp;fears of rising interest rates and inflation, investors began losing enthusiasm for stocks selling at high valuations and nervous investors have since sold Snowflake's stock down to the point where it had reached all time lows of $184.71 per share on May 13. Since, then the stock has risen slightly over 30% and the question now becomes for investors, \"Is Snowflake a buy at current prices, even though, the company still sells for around 85X sales?\"</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/324a101dce1df05ccb338b782dd193d3\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>This article will go through some of the reasons why many investors are still very infatuated with Snowflake and also go through recent earnings, as well as explain why I consider Snowflake a buy for very aggressive investors.</p>\n<p><b>Snowflake CEO Frank Slootman</b></p>\n<p>Snowflake was founded in July 2012 by two former Oracle (NYSE:ORCL) engineers Benoit Dageville and Thierry Cruanes, along with Marcin Żukowski, co-founder of the Dutch start-up Vectorwise. The first CEO of Snowflake was Mike Speiser, a venture capitalist at Sutter Hill Ventures. In June 2014, Snowflake appointed former Microsoft (NASDAQ:MSFT) executive Bob Muglia as CEO, as the company emerged from stealth mode.</p>\n<p>In May 2019, the company decided to change the leadership team again to Frank Slootman, the retired former CEO of ServiceNow (NASDAQ:NOW), who joined Snowflake as its CEO and Michael Scarpelli, the former CFO of ServiceNow who joined Snowflake as CFO.</p>\n<p>In an&nbsp;article Beth Kindig wrote for Forbes&nbsp;near the date of the IPO, she indicated that the change of CEOs from Bob Muglia to Frank Slootman likely occurred because of pressure from private investors that wanted leadership from someone that had a proven track record of showing that they could grow an enterprise tech company very quickly and who also could make a successful profitable exit for investors in an IPO. Investors got that type of CEO in Frank Slootman, who has a type of \"Rockstar\" status among CEOs.</p>\n<blockquote>\n “He’s one of the most impressive, most accomplished, most respected CEOs in enterprise tech,” said Asheem Chandna, a software investor at Greylock Partners, which invested in the first two companies Slootman took public, Data Domain (later acquired by EMC and now part ofDell) and ServiceNow. “He’s a take-no-prisoners leader. He can point at a hill and inspire the entire team to follow him to take the hill.”\n</blockquote>\n<blockquote>\n Source:CNBC\n</blockquote>\n<p>Frank Slootman already had a rich history that involved turning around a company called Data Domain, which was detailed in his book “TAPE SUCKS: Inside Data Domain, A Silicon Valley Growth Story”. When Slootman first took over Data Domain in 2003, the company had no customers, no revenues, and was a few months away from bankruptcy. In six years, Slootman grew Data Domain to the point where it was selling more than all of its competitors combined. Slootman then successfully sold the company to EMC (NYSE:DELL) in 2009 for $2.1 billion and the&nbsp;Data Domain product line has been Dell EMC's flagship platform&nbsp;for backup, archive and disaster recovery ever since.</p>\n<p>Two years later, Slootman took over the CEO role of ServiceNow between 2011 to 2017. Part of Slootman's accomplishments at ServiceNow was guiding the company to a 2012 IPO.</p>\n<p>For individuals that think that&nbsp;the role of the CEO is essential for a company's success, Snowflake has perhaps one of the best CEOs in the tech sector and the presence of CEO Frank Slootman alone, should be reason enough to consider Snowflake as an investment.</p>\n<p><b>The Data Cloud</b></p>\n<p>Snowflake is a cloud native company that offers unlimited storage and compute in the cloud in a manner designed to be flexible and convenient for companies. Snowflake was built with the purpose of replacing legacy&nbsp;data warehouses. The Snowflake platform is essentially a complete redesign and reimagining of data warehouse architecture and technology</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f08eef11f814a575de7b02b82c5f49bb\" tg-width=\"640\" tg-height=\"176\"><span>Source:Snowflake Presentation titled \"A Detailed View Inside Snowflake\"</span></p>\n<p></p>\n<p>The problem with how many companies handle data today, is that they have what is known as a&nbsp;siloed data&nbsp;problem. Siloed data simply means that the same information is often stored in different databases, leading to inconsistencies between data located in different parts of the company. Siloed data also often makes it difficult to join data to gain new insights or have the ability to act quickly on any new data.</p>\n<p>Snowflake gives company's the ability to join all of their data together and eliminate discrepancies between data from different sources, and reduce&nbsp;data latency. With joined data and reduced data latency, comes the ability for companies to use new incoming data quickly and this is a huge driver for Snowflake's business. When companies become Snowflake customers, they often find that what used to take hours or days to go through data now only takes minutes.</p>\n<p>With Snowflake's innovations, data is now moving from an era of simply informing people to driving operations right as the information signals come in with very little latency. No more will important business decisions be done with only anecdotal observation. Business decisions will increasingly be data driven. That is what digital transformation actually means for a business.</p>\n<p>Every business, in order to survive will eventually have to digitally transform and Snowflake is becoming an essential building block for digital transformation. The&nbsp;<b>Data Cloud</b>is the building block of digital transformation and Snowflake is evolving to become the largest independent&nbsp;<b>Data Cloud</b>.</p>\n<p><b>Data Sharing</b></p>\n<p>Anyone that has a Snowflake account is capable of sharing data. Data sharing is about to become an additional important business for Snowflake. Snowflake has already built a Data Marketplace and is on the verge of starting to really monetize it. Just recently,Snowflake announced&nbsp;that it was accelerating data collaboration with more than 500 Listings in the Snowflake Data Marketplace.</p>\n<p>Business will be able to search for what data is being offered on the Data Marketplace with some of the data offers being for free and some data offers for pay. The Snowflake management team expects that in the future, data networking will become frictionless and that today, we are on the beginning edges of a true data exchange network application.</p>\n<p>Snowflake expects data sharing to become a big part of their business moving forward and eventually a big part of any future moat because data sharing can translate into powerful&nbsp;network effects, in that the more businesses use the data sharing through Snowflake's market, the more valuable the Snowflake Data Market will become.</p>\n<p><b>Snowflake Architecture</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4f8ac65aba89c4df78926d8b9684c24d\" tg-width=\"640\" tg-height=\"363\"><span>Source:Snowflake Presentationtitled \"A Detailed View Inside Snowflake\"</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8494b11b7683d8c1c9aa35501c234e01\" tg-width=\"640\" tg-height=\"439\"><span>Source:Snowflake User Guide</span></p>\n<p>Snowflake’s novel design consists of three components:</p>\n<ol>\n <li><b>Storage</b>: the persistent storage layer for data stored on Snowflake</li>\n <li><b>Compute</b>: a collection of independent compute resources that execute data processing tasks required for queries. Snowflake also describes this compute as virtual warehouses.</li>\n <li><b>Services</b>: a collection of system services that handle infrastructure, security, metadata, and optimization across the entire Snowflake system</li>\n</ol>\n<p>Snowflake has a decoupled architecture that allows for compute and storage to scale separately. The database storage can be provided from any cloud provider that the customer chooses.</p>\n<p>Query processing or compute takes place in what Snowflake calls virtual warehouses. To simplify things for people that are not data experts, a&nbsp;<b>query</b>&nbsp;is a request for data&nbsp;or information from a database table or combination of tables. Query processing is simply using the compute resources to perform a search for data.</p>\n<p>Snowflake uses massively parallel processing or MPP, in the compute/virtual warehouse setup to process queries.Massively parallel processing&nbsp;is a form of collaborative processing of the same program by two or more processors or in this case virtual warehouses. The advantage of using MPP in the virtual warehouse setup is that the virtual warehouses can access the storage layer independently so as not to compete for compute power.</p>\n<p>Snowflake's virtual warehouses have the ability to access any of the databases in the database storage layer to which they have been granted access, and these virtual warehouses can be created, resized and deleted dynamically as resource needs change. When virtual warehouses execute queries, they transparently and automatically cache data from the database storage layer. Snowflake has the advantage of being able to dynamically bring together the storage, compute and services layers, delivering exactly the resources needed exactly when they are needed, meaning that under a multitude of different usage scenarios, Snowflake is able to dynamically create the right balance of IO, memory, CPU, etc.</p>\n<p>Traditional data warehouse, on the other hand, will often tightly couple the storage, compute, and database services. The disadvantage of doing this is there are performance limitations as the number of workloads and users increase, meaning such a configuration is not very scalable.</p>\n<p>Snowflake's competitors, such as Amazon's (NASDAQ:AMZN) Redshift, for instance, can be disadvantaged when having the compute and storage so tightly coupled, because more often than not more time must be spent manually reconfiguring things, which is a disadvantage.</p>\n<p>One of Snowflake’s&nbsp;unique value propositions&nbsp;is the company’s relatively flexible business model compared to its peers. Snowflake touts this ability on its website:</p>\n<blockquote>\n “Whether you’re a business or technology professional, get the performance, flexibility, and near-infinite scalability to easily load, integrate, analyze and securely share your data.”\n</blockquote>\n<blockquote>\n Source:Snowflake\n</blockquote>\n<p>Snowflake's virtual data warehouse setup where workloads share the same data but can run independently, makes it easier for customers to run smaller workloads. Snowflake management calls this the ability to scale down. When a company joins Snowflake, it does not require a big upfront commitment like it might with other companies. Snowflake allows customers to fully customize their services with an ability to scale down to whatever level is needed. Companies only have to pay for the services they need, instead of having to pay for big bulked up packages containing unnecessary services.</p>\n<p>Snowflake’s competitors, on the other hand, often combine compute, storage and services, then require customers to size and pay based on the largest workload, which can make some data warehouses completely unaffordable or inefficient for some companies.</p>\n<p>Snowflake's documentation&nbsp;claims that the Snowflake data platform is not built on any existing database technology or “big data” software platforms such as&nbsp;Hadoop. Instead, Snowflake combines a completely new SQL query engine with an innovative database architecture natively designed for the cloud. This database and query engine helps Snowflake perform faster queries with fewer errors and costs over competitors.</p>\n<p>I don't want this explanation to get too technical for those not familiar with databases, storage or how the cloud works, so for those that want a more technical explanation of Snowflake's architecture, they can read Snowflake's&nbsp;documentation. or read a&nbsp;Snowflake Presentation&nbsp;titled \"A Detailed View Inside Snowflake\".</p>\n<p><b>C3 AI and Snowflake Partner</b></p>\n<p>Before going through earnings, I wanted to highlight&nbsp;some very recent news&nbsp;of a new collaboration between C3.ai (NYSE:AI) and Snowflake. C3 AI is an enterprise AI software provider that provides a suite that provides comprehensive services to build enterprise-scale AI applications more efficiently and cost-effectively than alternative approaches.</p>\n<p>This partnership will give companies that currently use Snowflake access to the C3 AI® Suite and pre-built C3 AI applications that include a range of industries and enterprise AI use cases, including AI-based CRM, predictive maintenance, supply network optimization, and fraud detection.</p>\n<blockquote>\n C3.ai's chief product officer, Houman Behzadi, said the partnership \"will create significant time and operational efficiencies for Snowflake's customers and solidify Snowflake as the operational data platform of choice for enterprise AI applications.\"\n</blockquote>\n<blockquote>\n Source: C3.ai's chief product officer, Houman Behzadi -ZDNet\n</blockquote>\n<p><b>Snowflake Q1 FY 2022 Earnings</b></p>\n<p>Snowflake's Q1 FY 2022 remaining performance obligations or RPO was $1.4 billion, representing 206% year-over-year growth. The RPO results reflected more multimillion-dollar relationships with particular strength in the telecom and technology sectors. Of the $1.4 billion in RPO, Snowflake expects approximately 54% to be recognized as revenue in the next 12 months.</p>\n<p>Snowflake defines RPO in its&nbsp;earnings press release&nbsp;as the amount of contracted future revenue that has not yet been recognized, including both deferred revenue and non-cancelable contracted amounts that will be invoiced and recognized as revenue in future periods.</p>\n<p>RPO excludes performance obligations from on-demand arrangements and certain time and materials contracts that are billed in arrears.<b>RPO is not necessarily indicative of future product revenue growth because it does not account for the timing of customers’ consumption or their consumption of more than their contracted capacity</b>.</p>\n<p>At the end of Q1, Snowflake had 4,532 total customers. The total number reflects the addition of 393 net new customers in Q1, including three seven-figure new customers. Several of these customer wins might be recognizable names to investors that include Datadog (NASDAQ:DDOG) and Walgreens Boots Alliance (NASDAQ:WBA) and Equifax (NYSE:EFX).</p>\n<p>Snowflake management has stated that they have a strong interest in penetrating more of the largest enterprises globally because they provide the largest opportunity for account expansion. On that note, Snowflake now has 104 customers with trailing 12-month product revenue greater than $1 million, up from 77 last quarter. CFO Michael Scarpelli had some interesting things to say about Snowflake expanding with large customers that shows why the company's products are gaining fans among large enterprises</p>\n<blockquote>\n When we expand within our largest customers, we typically replace more than one solution. In many cases, we replace on-premise and first-generation cloud solutions, and we address new workloads.\n <b>Snowflake creates use cases that were previously impossible</b>. This is what fuels our 168% net revenue retention rate, and we remain confident that our net revenue retention will stay above 160% for the fiscal year.\n</blockquote>\n<blockquote>\n Source: CFO Michael Scarpelli -Snowflake Q1 FY2022 Earnings Call\n</blockquote>\n<p>Snowflake's&nbsp;net revenue retention rate of 168% is probably the best&nbsp;number in the SaaS world. Snowflake calculates their net retention number by first specifying a measurement period consisting of the trailing two years from the current period end. Next, Snowflake defines the measurement cohort as the population of customers under capacity contracts that used the platform at any point in the first month of the first year of the measurement period. The net revenue retention is then defined as the quotient obtained by dividing the product revenue from the cohort in the second year of the measurement period by the product revenue from this cohort in the first year of the measurement period.</p>\n<p>So a net retention rate of 168% means that the customer cohort that spent $100 on average in the first year of the measurement period on the Snowflake platform is spending on average $168 in the second year of the measurement period.. Any customer in the cohort that did not use the platform in the second year remains in the calculation and simply contributes zero product revenue in the second year.</p>\n<p>Snowflake grew product and total revenues grew 110% year over year to $229 million. Product revenue grew to $214 million, reflecting strength in Snowflake consumption. Product revenue is a key metric for Snowflake because revenue is recognized based on platform consumption, which is inherently variable at the customers discretion, and not based on the amount and duration of contract terms. Professional services and other revenue was 15 million.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b09f8c93a8df1f1ad6663d3c88240f18\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>As explained in Snowflake's&nbsp;Q1 FY2022 earnings release, product revenue primarily includes compute, storage, and data transfer resources, which are consumed by customers on Snowflake's platform as a single, integrated offering. Snowflake customers have the ability to consume more than their contracted capacity during the contract term and may have the ability to roll over unused capacity to future periods, generally on the purchase of additional capacity at renewal.</p>\n<p>Snowflake's consumption-based business model distinguishes the company from subscription-based SaaS companies that generally recognize revenue ratably over the contract term and may not permit rollover of services. Because customers have flexibility in the timing of their consumption, which can exceed their contracted capacity or extend beyond the original contract term in many cases, Snowflake believes that the amount of product revenue recognized in a given period is an important indicator of customer satisfaction and the value derived from the platform.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cbf138441130b474d888f2b8c3b6a14d\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>Snowflake's Cost of Sales was $97.35 million. Snowflake's overall Gross Profit rose 98.6% to $131.57 million. Overall Gross Margins were 57.47% and on a non-GAAP basis, Snowflake's<b>product</b>gross margin was 72%, up from 66% in the comparable quarter last year<b>.</b></p>\n<p>Favorable cloud service agreements, growing scale across different regions and Snowflake's enterprise customer's success all contributed to steady product gross margin improvements. Management also indicated during the earnings call that in the long term, the product gross margin number could trend upward into the mid 70’s with the help of improved data storage economics. The recent changes to Snowflake’s storage representation of data have resulted in better data compression and reduced storage costs, which help the gross margin.</p>\n<blockquote>\n And the way it [Data Compression] improves margin is because storage becomes more efficient. Storage is a smaller component of the overall mix of the revenue, and compute is the real value of our software that drives more margin. And I will say we did roll this out in April, and you do see some of that coming into an impact on last quarter. But we did say at our IPO, if you remember, we thought we could get to the mid-70s [in product gross margins]. That might feel very good that we'll get to the mid-70s. It's going to take some time.\n</blockquote>\n<blockquote>\n Source: CFO Michael Scarpelli -Snowflake Q1 FY2022 Earnings Call\n</blockquote>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/529eb97bb77469e322f930569f856186\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>Total Operating Expenditures were $337.16 Million. Snowflake recorded an Operating Loss of $205.60 Million. Product Operating margin was negative 16%, benefiting from revenue outperformance.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6dbb627575db2043508b5d9184639717\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>Snowflake recorded a net loss of $203.22 Million in Q1. Net loss per share attributable to common stockholders, basic and diluted was -$0.70.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/61498379509a7d72eac3dc247b9d077b\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>Adjusted free cash flow margin was 10% and was positively impacted by strong collections from Q4 bookings and operating margin outperformance. Adjusted free cash flow excludes the $10 million impact of net cash paid or received on both employee and employer payroll tax-related items on employee stock option transactions. Adjusted free cash flow is defined as free cash flow plus (minus) net cash paid (received) on payroll tax-related items on employee stock transactions.</p>\n<p>Free cash flow is defined as net cash provided by (used in) operating activities reduced by purchases of property and equipment and capitalized internal-use software development costs. Free cash flow was $2.48 million during Q1.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c7cff66a7608df26acf8524dc7a00a4e\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>It is important to remember that Snowflake does experience free cash flow seasonality. In fiscal '21, Q1 and Q4 were the strongest free cash flow quarters, while Q2 was the weakest and this pattern is expected to continue in future periods.</p>\n<p><b>Guidance</b></p>\n<p><b>Snowflake Q2 FY2022 Guidance</b></p>\n<p><img src=\"https://static.tigerbbs.com/b22e33efd1f082c777336f7bab0d3926\" tg-width=\"640\" tg-height=\"230\" referrerpolicy=\"no-referrer\"><b>FY 2022 Full Year Guidance</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2cd6518f91e69cf59128aedc5da0d0de\" tg-width=\"640\" tg-height=\"262\"><span>Source:Snowflake First Quarter of Fiscal 2022 Press Release</span></p>\n<p><b>Balance Sheet</b></p>\n<p>The company’s balance sheet is healthy, with approximately $3.9 billion in cash, cash equivalents and short-term investments.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c8679600d7e74072382f3e1712f9ef7\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>Total Current Liabilities are $777.00 Million. Quick ratio was 5.27. A&nbsp;good quick ratio&nbsp;is any number greater than 1.0. Snowflake has aDebt To Equity ratioof 0.04.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f43b9ae97e48ef789152979917a02a5c\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p><b>Snowflake Investor Day</b></p>\n<p>Snowflake held an&nbsp;Investor Day on June 10th, in which the company revealed plans to reach $10 billion in product revenue by the end of 2028 (FY29), a big rise from fiscal 2021’s $554 million, with a long-term operating margin target of 10%.</p>\n<p>Investors, however, seem to have wanted even more growth&nbsp;as the stock opened around 4% lower the next day. Some analysts like Patrick Colville of Deutsche Bank think&nbsp;guidance is conservative&nbsp;because it implies that Snowflake would only capture about 12% of the $86B data warehouse market estimated for FY29.</p>\n<p>That all goes to show that there are already enormous growth expectations built into this stock because $10 billion in product revenue by the end of 2028 is a fairly ambitious goal.</p>\n<p>One other interesting part of the presentation was that the CFO raised the total addressable market for Snowflake to $90 billion, up from the $81 billion used for the roadshow for the IPO.</p>\n<p><b>Competitors</b></p>\n<p>In addition to database warehouses Druid and Dremio, Snowflake's strongest competitors appear to be the big data warehouse systems from the major cloud players like Amazon's Redshift, Microsoft Azure's Synapse, and Google's Big Query.</p>\n<p>Amazon, Microsoft and Google are all choosing to compete against Snowflake's new ideas in database warehouses by using the time honored tactic of trying to copy as many of Snowflake's features as possible..</p>\n<p>The advantage that Snowflake has over Amazon, Microsoft and Google in those companies trying to play copycat is that those database warehouses don't scale as well across different data sources (namely competing cloud storage services) and the major cloud players are not fully independent database warehouse providers, meaning that in the end, Amazon, Microsoft and Google are trying to lock customers in to as many of their bundled cloud services as possible. Snowflake doesn't care what cloud service a customer uses for services like storage, as Snowflake is truly neutral in the cloud wars, which is very desirable in a&nbsp;multi-cloud world.</p>\n<p>Of all the competitors, Google Big Query is currently the closest competitor to what Snowflake is doing as it also separates storage and compute. The biggest differences between Snowflake and BigQuery comes down to&nbsp;pricing and performance. Beth Kindig, in her article about Snowflake said this about Snowflake vs Big Query:</p>\n<blockquote>\n When it comes to deciding between BigQuery and Snowflake, it can come down to what you do with the database due to pricing structure differences. For instance, Snowflake is a better choice for concurrent users and business intelligence. It’s also a great choice for data-as-a-service, where you might give client access to your data in the form of analytics. BigQuery is perhaps a better choice for ad hoc reporting, where you have occasional complex reports on a quarterly basis or recommendation models and machine learning that require high idle time. Again, these examples are mainly due to pricing structure.\n</blockquote>\n<blockquote>\n Source: Beth Kindig -Forbes article\n</blockquote>\n<p><b>Risks</b></p>\n<p>Snowflake has significant valuation risk, even with the pullback in the stock price from its highs in December. For Snowflake to expand its valuation any further, it is going to require the company to continue posting outstanding growth numbers.</p>\n<p>Secondarily, Snowflake currently only offers their platform on the public clouds provided by AWS, Azure, and GCP, which are also some of the company's primary competitors. Currently, a substantial majority of Snowflake's business is run on the AWS public cloud.</p>\n<p>So, while Snowflake has some competitive advantages over a cloud giant like AWS, there is a risk that AWS or one of the other cloud giants could use the control of their public cloud to embed innovations for competing offerings to Snowflake or bundle competing products together with other cloud services or leverage their public cloud customer relationships to exclude Snowflake from opportunities. The reason why this risk might not play out in the cloud giants favor is that it appears companies are&nbsp;favoring multi-cloud approaches&nbsp;and have little desire in being locked into only one cloud by a bundled product. That is where Snowflake's Switzerland neutral status in the cloud wars provides some protection but not total protection from this risk.</p>\n<p>On another note, though, because the three major cloud players also provides much of the infrastructure for Snowflake's business model, in the future it is completely possible that Snowflake could face the risk of unfavorable pricing for the use of the underlying cloud infrastructure, which could hurt Snowflake's margins.</p>\n<p>Snowflake could also undergo pricing pressure on the services offered to customers, as a company like Amazon could do something like offer discount pricing for competing services to customers and that scenario could also threaten Snowflake's margins over the longer term. Amazon has been known to use that strategy in other areas of their business in the past.</p>\n<p>Another risk is regulatory. Snowflake must comply with evolving privacy and other data related laws. The requirements for following those laws could be expensive and force the company to make adverse changes to the business, with failure to comply with such laws not being much of an option. Examples of these types of laws are General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA).</p>\n<p><b>Valuation</b></p>\n<table>\n <tbody>\n  <tr>\n   <td>Company</td>\n   <td>Mkt Cap</td>\n   <td><p>Price/Sales</p></td>\n   <td>Free Cash Flow Margin %</td>\n   <td>EV/Revenues (FWD)</td>\n   <td>Revenue Growth (Y/Y) %</td>\n   <td>Gross Margins %</td>\n   <td>Revenues</td>\n  </tr>\n  <tr>\n   <td><p>Salesforce</p><p>(CRM)</p></td>\n   <td>$222.53B</td>\n   <td>10.30</td>\n   <td>51.27%</td>\n   <td>8.1</td>\n   <td>22.57%</td>\n   <td>73.92%</td>\n   <td>5.96B</td>\n  </tr>\n  <tr>\n   <td>Snowflake (SNOW)</td>\n   <td>$71.25B</td>\n   <td>87.93</td>\n   <td>1.09%</td>\n   <td>60.4</td>\n   <td>110.4%</td>\n   <td>57.47%</td>\n   <td>228.9M</td>\n  </tr>\n  <tr>\n   <td>Okta (OKTA)</td>\n   <td>$34.63B</td>\n   <td>32.59</td>\n   <td>20.99%</td>\n   <td>27.6</td>\n   <td>37.27%</td>\n   <td>73.66%</td>\n   <td>$251M</td>\n  </tr>\n  <tr>\n   <td>MongoDB (MDB)</td>\n   <td>$20.76B</td>\n   <td>32.36</td>\n   <td>5.28%</td>\n   <td>26.8</td>\n   <td>39.38%</td>\n   <td>69.98%</td>\n   <td>$181.7M</td>\n  </tr>\n  <tr>\n   <td>Teradata (TDC)</td>\n   <td>$5.23B</td>\n   <td>2.76</td>\n   <td>21.38%</td>\n   <td>2.7</td>\n   <td>13.13%</td>\n   <td>62.53%</td>\n   <td>491M</td>\n  </tr>\n </tbody>\n</table>\n<p>Two things are very obvious about the above company comparisons. One is that Snowflake, even with substantial pullback from its all time highs in December is very highly valued on a Price to Sales basis. Second, is that Snowflake was still growing triple digits in the latest quarter, which is pretty amazing.</p>\n<p>On the other hand, investors were not impressed by the guidance given during earnings, nor were they impressed by Snowflake's long term projections given during their recent Investor Day. One thing is for sure, for investors to bid Snowflake's stock up further, the company will have to keep producingmind boggling growth numbers.</p>\n<p>The following is based on 26 Wall Street analysts offering 12-month price targets for Snowflake in the last 3 months. The average price target is $292.12 with a high forecast of $515.00 and a low forecast of $240.60. The average price target represents a 21.41% from the last price of $240.60.</p>\n<p><img src=\"https://static.tigerbbs.com/007fe75a78c7835e52d8edf8bc7f6bed\" tg-width=\"499\" tg-height=\"405\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Conclusion</b></p>\n<p>Snowflake is a stock that has very high expectations built into the stock price. The latest earnings and guidance, plus the latest investor day were not enough to get investors excited about pushing the value of the stock much further than it is now.</p>\n<p>However, I think that with a company like Snowflake, one has to take a much longer view than simply looking at one quarter's metrics. I believe it is appropriate to take at least a five year view with this company to see that the future is likely very bright. I believe Snowflake is being very conservative with their long term projections given during Investor Day and if that should prove to be the case, we all might look back several years from now and see with the benefit of hindsight that the stock was actually undervalued.</p>\n<p>I believe that the idea of a Data Cloud and a Data Marketplace are very, very early in the product life cycle and that Snowflake is at the beginning of a strong run of customer and revenue growth over the next several years. Snowflake is a buy but only for&nbsp;<b>veryaggressive investors</b>&nbsp;because there is already a lot of growth embedded in Snowflake's valuation and if the company fails to produce that expected growth, then the stock could drop rapidly.</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>Snowflake: A Very Aggressive Bet On The Future Of The Data Cloud</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\">\nSnowflake: A Very Aggressive Bet On The Future Of The Data Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435130-snowflake-stock-snow-very-aggressive-bet-on-future-of-data-cloud><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nSnowflake has only recently started to recover after the long decline from an all time high of $429 that occurred within the December 8 market session.\nSnowflake created the concept of the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435130-snowflake-stock-snow-very-aggressive-bet-on-future-of-data-cloud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNOW":"Snowflake"},"source_url":"https://seekingalpha.com/article/4435130-snowflake-stock-snow-very-aggressive-bet-on-future-of-data-cloud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151875977","content_text":"Summary\n\nSnowflake has only recently started to recover after the long decline from an all time high of $429 that occurred within the December 8 market session.\nSnowflake created the concept of the Data Cloud which allows organizations to unify and connect to a single copy of all of their data with ease.\nEvery Snowflake account is capable of sharing data in the Snowflake Data Marketplace, which is a concept that is very early on in its lifecycle.\nDuring Investor Day on June 10, Snowflake revealed plans to reach $10 billion in product revenue by the end of 2028 (FY29) with a long-term operating margin target of 10%.\nSnowflake is a buy but only for very aggressive investors as the valuation assumes a lot of growth.\n\nmetamorworks/iStock via Getty Images\nLast September, Snowflake (NASDAQ:SNOW) began life as a public company after the largest software IPO in history. Snowflake was at the time of its IPO, a unprofitable software company, which is why it was interesting that Warren Buffett's Berkshire Hathaway (NYSE:BRK.A) , which normally eschews investing in software or cloud companies actually wound up investing $735 million or 6.1 million Snowflake shares at the $120 IPO price.\nOn September 18, 2020, CEO Frank Slootman,in an interview, disclosed that Berkshire's insurance unit has been using Snowflake's services for quite awhile and that might be part of the reason that Berkshire was comfortable enough to invest in Snowflake's stock. The Slootman interview also disclosed that Snowflake's interactions with Berkshire have been through Todd Combs, the CEO of Berkshire holding GEICO. Since Todd Combs also serves as a Berkshire investment manager, he is probably the one directly responsible for the Snowflake investment and not Buffett.\nSalesforce Ventures (NYSE:CRM) also decided to make an investment of more than $500 million in the company at the IPO, as a play on digital transformation and long term cloud adoption. Snowflake's stock soared in the months following its IPO, partially due to investors being interested in the fastest growing of all the fast growing digital transformation plays and partially due to Snowflake receiving the seal of approval from both Berkshire and Salesforce.\nSnowflake finally ended up reached an all time high of $429.00 within the December 8th market session, at which point Snowflake was selling for 245x Sales and was already being called \"The Most Highly Valued Large Cap Company in History\".\nEventually, due to fears of rising interest rates and inflation, investors began losing enthusiasm for stocks selling at high valuations and nervous investors have since sold Snowflake's stock down to the point where it had reached all time lows of $184.71 per share on May 13. Since, then the stock has risen slightly over 30% and the question now becomes for investors, \"Is Snowflake a buy at current prices, even though, the company still sells for around 85X sales?\"\nData by YCharts\nThis article will go through some of the reasons why many investors are still very infatuated with Snowflake and also go through recent earnings, as well as explain why I consider Snowflake a buy for very aggressive investors.\nSnowflake CEO Frank Slootman\nSnowflake was founded in July 2012 by two former Oracle (NYSE:ORCL) engineers Benoit Dageville and Thierry Cruanes, along with Marcin Żukowski, co-founder of the Dutch start-up Vectorwise. The first CEO of Snowflake was Mike Speiser, a venture capitalist at Sutter Hill Ventures. In June 2014, Snowflake appointed former Microsoft (NASDAQ:MSFT) executive Bob Muglia as CEO, as the company emerged from stealth mode.\nIn May 2019, the company decided to change the leadership team again to Frank Slootman, the retired former CEO of ServiceNow (NASDAQ:NOW), who joined Snowflake as its CEO and Michael Scarpelli, the former CFO of ServiceNow who joined Snowflake as CFO.\nIn an article Beth Kindig wrote for Forbes near the date of the IPO, she indicated that the change of CEOs from Bob Muglia to Frank Slootman likely occurred because of pressure from private investors that wanted leadership from someone that had a proven track record of showing that they could grow an enterprise tech company very quickly and who also could make a successful profitable exit for investors in an IPO. Investors got that type of CEO in Frank Slootman, who has a type of \"Rockstar\" status among CEOs.\n\n “He’s one of the most impressive, most accomplished, most respected CEOs in enterprise tech,” said Asheem Chandna, a software investor at Greylock Partners, which invested in the first two companies Slootman took public, Data Domain (later acquired by EMC and now part ofDell) and ServiceNow. “He’s a take-no-prisoners leader. He can point at a hill and inspire the entire team to follow him to take the hill.”\n\n\n Source:CNBC\n\nFrank Slootman already had a rich history that involved turning around a company called Data Domain, which was detailed in his book “TAPE SUCKS: Inside Data Domain, A Silicon Valley Growth Story”. When Slootman first took over Data Domain in 2003, the company had no customers, no revenues, and was a few months away from bankruptcy. In six years, Slootman grew Data Domain to the point where it was selling more than all of its competitors combined. Slootman then successfully sold the company to EMC (NYSE:DELL) in 2009 for $2.1 billion and the Data Domain product line has been Dell EMC's flagship platform for backup, archive and disaster recovery ever since.\nTwo years later, Slootman took over the CEO role of ServiceNow between 2011 to 2017. Part of Slootman's accomplishments at ServiceNow was guiding the company to a 2012 IPO.\nFor individuals that think that the role of the CEO is essential for a company's success, Snowflake has perhaps one of the best CEOs in the tech sector and the presence of CEO Frank Slootman alone, should be reason enough to consider Snowflake as an investment.\nThe Data Cloud\nSnowflake is a cloud native company that offers unlimited storage and compute in the cloud in a manner designed to be flexible and convenient for companies. Snowflake was built with the purpose of replacing legacy data warehouses. The Snowflake platform is essentially a complete redesign and reimagining of data warehouse architecture and technology\nSource:Snowflake Presentation titled \"A Detailed View Inside Snowflake\"\n\nThe problem with how many companies handle data today, is that they have what is known as a siloed data problem. Siloed data simply means that the same information is often stored in different databases, leading to inconsistencies between data located in different parts of the company. Siloed data also often makes it difficult to join data to gain new insights or have the ability to act quickly on any new data.\nSnowflake gives company's the ability to join all of their data together and eliminate discrepancies between data from different sources, and reduce data latency. With joined data and reduced data latency, comes the ability for companies to use new incoming data quickly and this is a huge driver for Snowflake's business. When companies become Snowflake customers, they often find that what used to take hours or days to go through data now only takes minutes.\nWith Snowflake's innovations, data is now moving from an era of simply informing people to driving operations right as the information signals come in with very little latency. No more will important business decisions be done with only anecdotal observation. Business decisions will increasingly be data driven. That is what digital transformation actually means for a business.\nEvery business, in order to survive will eventually have to digitally transform and Snowflake is becoming an essential building block for digital transformation. The Data Cloudis the building block of digital transformation and Snowflake is evolving to become the largest independent Data Cloud.\nData Sharing\nAnyone that has a Snowflake account is capable of sharing data. Data sharing is about to become an additional important business for Snowflake. Snowflake has already built a Data Marketplace and is on the verge of starting to really monetize it. Just recently,Snowflake announced that it was accelerating data collaboration with more than 500 Listings in the Snowflake Data Marketplace.\nBusiness will be able to search for what data is being offered on the Data Marketplace with some of the data offers being for free and some data offers for pay. The Snowflake management team expects that in the future, data networking will become frictionless and that today, we are on the beginning edges of a true data exchange network application.\nSnowflake expects data sharing to become a big part of their business moving forward and eventually a big part of any future moat because data sharing can translate into powerful network effects, in that the more businesses use the data sharing through Snowflake's market, the more valuable the Snowflake Data Market will become.\nSnowflake Architecture\nSource:Snowflake Presentationtitled \"A Detailed View Inside Snowflake\"\nSource:Snowflake User Guide\nSnowflake’s novel design consists of three components:\n\nStorage: the persistent storage layer for data stored on Snowflake\nCompute: a collection of independent compute resources that execute data processing tasks required for queries. Snowflake also describes this compute as virtual warehouses.\nServices: a collection of system services that handle infrastructure, security, metadata, and optimization across the entire Snowflake system\n\nSnowflake has a decoupled architecture that allows for compute and storage to scale separately. The database storage can be provided from any cloud provider that the customer chooses.\nQuery processing or compute takes place in what Snowflake calls virtual warehouses. To simplify things for people that are not data experts, a query is a request for data or information from a database table or combination of tables. Query processing is simply using the compute resources to perform a search for data.\nSnowflake uses massively parallel processing or MPP, in the compute/virtual warehouse setup to process queries.Massively parallel processing is a form of collaborative processing of the same program by two or more processors or in this case virtual warehouses. The advantage of using MPP in the virtual warehouse setup is that the virtual warehouses can access the storage layer independently so as not to compete for compute power.\nSnowflake's virtual warehouses have the ability to access any of the databases in the database storage layer to which they have been granted access, and these virtual warehouses can be created, resized and deleted dynamically as resource needs change. When virtual warehouses execute queries, they transparently and automatically cache data from the database storage layer. Snowflake has the advantage of being able to dynamically bring together the storage, compute and services layers, delivering exactly the resources needed exactly when they are needed, meaning that under a multitude of different usage scenarios, Snowflake is able to dynamically create the right balance of IO, memory, CPU, etc.\nTraditional data warehouse, on the other hand, will often tightly couple the storage, compute, and database services. The disadvantage of doing this is there are performance limitations as the number of workloads and users increase, meaning such a configuration is not very scalable.\nSnowflake's competitors, such as Amazon's (NASDAQ:AMZN) Redshift, for instance, can be disadvantaged when having the compute and storage so tightly coupled, because more often than not more time must be spent manually reconfiguring things, which is a disadvantage.\nOne of Snowflake’s unique value propositions is the company’s relatively flexible business model compared to its peers. Snowflake touts this ability on its website:\n\n “Whether you’re a business or technology professional, get the performance, flexibility, and near-infinite scalability to easily load, integrate, analyze and securely share your data.”\n\n\n Source:Snowflake\n\nSnowflake's virtual data warehouse setup where workloads share the same data but can run independently, makes it easier for customers to run smaller workloads. Snowflake management calls this the ability to scale down. When a company joins Snowflake, it does not require a big upfront commitment like it might with other companies. Snowflake allows customers to fully customize their services with an ability to scale down to whatever level is needed. Companies only have to pay for the services they need, instead of having to pay for big bulked up packages containing unnecessary services.\nSnowflake’s competitors, on the other hand, often combine compute, storage and services, then require customers to size and pay based on the largest workload, which can make some data warehouses completely unaffordable or inefficient for some companies.\nSnowflake's documentation claims that the Snowflake data platform is not built on any existing database technology or “big data” software platforms such as Hadoop. Instead, Snowflake combines a completely new SQL query engine with an innovative database architecture natively designed for the cloud. This database and query engine helps Snowflake perform faster queries with fewer errors and costs over competitors.\nI don't want this explanation to get too technical for those not familiar with databases, storage or how the cloud works, so for those that want a more technical explanation of Snowflake's architecture, they can read Snowflake's documentation. or read a Snowflake Presentation titled \"A Detailed View Inside Snowflake\".\nC3 AI and Snowflake Partner\nBefore going through earnings, I wanted to highlight some very recent news of a new collaboration between C3.ai (NYSE:AI) and Snowflake. C3 AI is an enterprise AI software provider that provides a suite that provides comprehensive services to build enterprise-scale AI applications more efficiently and cost-effectively than alternative approaches.\nThis partnership will give companies that currently use Snowflake access to the C3 AI® Suite and pre-built C3 AI applications that include a range of industries and enterprise AI use cases, including AI-based CRM, predictive maintenance, supply network optimization, and fraud detection.\n\n C3.ai's chief product officer, Houman Behzadi, said the partnership \"will create significant time and operational efficiencies for Snowflake's customers and solidify Snowflake as the operational data platform of choice for enterprise AI applications.\"\n\n\n Source: C3.ai's chief product officer, Houman Behzadi -ZDNet\n\nSnowflake Q1 FY 2022 Earnings\nSnowflake's Q1 FY 2022 remaining performance obligations or RPO was $1.4 billion, representing 206% year-over-year growth. The RPO results reflected more multimillion-dollar relationships with particular strength in the telecom and technology sectors. Of the $1.4 billion in RPO, Snowflake expects approximately 54% to be recognized as revenue in the next 12 months.\nSnowflake defines RPO in its earnings press release as the amount of contracted future revenue that has not yet been recognized, including both deferred revenue and non-cancelable contracted amounts that will be invoiced and recognized as revenue in future periods.\nRPO excludes performance obligations from on-demand arrangements and certain time and materials contracts that are billed in arrears.RPO is not necessarily indicative of future product revenue growth because it does not account for the timing of customers’ consumption or their consumption of more than their contracted capacity.\nAt the end of Q1, Snowflake had 4,532 total customers. The total number reflects the addition of 393 net new customers in Q1, including three seven-figure new customers. Several of these customer wins might be recognizable names to investors that include Datadog (NASDAQ:DDOG) and Walgreens Boots Alliance (NASDAQ:WBA) and Equifax (NYSE:EFX).\nSnowflake management has stated that they have a strong interest in penetrating more of the largest enterprises globally because they provide the largest opportunity for account expansion. On that note, Snowflake now has 104 customers with trailing 12-month product revenue greater than $1 million, up from 77 last quarter. CFO Michael Scarpelli had some interesting things to say about Snowflake expanding with large customers that shows why the company's products are gaining fans among large enterprises\n\n When we expand within our largest customers, we typically replace more than one solution. In many cases, we replace on-premise and first-generation cloud solutions, and we address new workloads.\n Snowflake creates use cases that were previously impossible. This is what fuels our 168% net revenue retention rate, and we remain confident that our net revenue retention will stay above 160% for the fiscal year.\n\n\n Source: CFO Michael Scarpelli -Snowflake Q1 FY2022 Earnings Call\n\nSnowflake's net revenue retention rate of 168% is probably the best number in the SaaS world. Snowflake calculates their net retention number by first specifying a measurement period consisting of the trailing two years from the current period end. Next, Snowflake defines the measurement cohort as the population of customers under capacity contracts that used the platform at any point in the first month of the first year of the measurement period. The net revenue retention is then defined as the quotient obtained by dividing the product revenue from the cohort in the second year of the measurement period by the product revenue from this cohort in the first year of the measurement period.\nSo a net retention rate of 168% means that the customer cohort that spent $100 on average in the first year of the measurement period on the Snowflake platform is spending on average $168 in the second year of the measurement period.. Any customer in the cohort that did not use the platform in the second year remains in the calculation and simply contributes zero product revenue in the second year.\nSnowflake grew product and total revenues grew 110% year over year to $229 million. Product revenue grew to $214 million, reflecting strength in Snowflake consumption. Product revenue is a key metric for Snowflake because revenue is recognized based on platform consumption, which is inherently variable at the customers discretion, and not based on the amount and duration of contract terms. Professional services and other revenue was 15 million.\nData by YCharts\nAs explained in Snowflake's Q1 FY2022 earnings release, product revenue primarily includes compute, storage, and data transfer resources, which are consumed by customers on Snowflake's platform as a single, integrated offering. Snowflake customers have the ability to consume more than their contracted capacity during the contract term and may have the ability to roll over unused capacity to future periods, generally on the purchase of additional capacity at renewal.\nSnowflake's consumption-based business model distinguishes the company from subscription-based SaaS companies that generally recognize revenue ratably over the contract term and may not permit rollover of services. Because customers have flexibility in the timing of their consumption, which can exceed their contracted capacity or extend beyond the original contract term in many cases, Snowflake believes that the amount of product revenue recognized in a given period is an important indicator of customer satisfaction and the value derived from the platform.\nData by YCharts\nSnowflake's Cost of Sales was $97.35 million. Snowflake's overall Gross Profit rose 98.6% to $131.57 million. Overall Gross Margins were 57.47% and on a non-GAAP basis, Snowflake'sproductgross margin was 72%, up from 66% in the comparable quarter last year.\nFavorable cloud service agreements, growing scale across different regions and Snowflake's enterprise customer's success all contributed to steady product gross margin improvements. Management also indicated during the earnings call that in the long term, the product gross margin number could trend upward into the mid 70’s with the help of improved data storage economics. The recent changes to Snowflake’s storage representation of data have resulted in better data compression and reduced storage costs, which help the gross margin.\n\n And the way it [Data Compression] improves margin is because storage becomes more efficient. Storage is a smaller component of the overall mix of the revenue, and compute is the real value of our software that drives more margin. And I will say we did roll this out in April, and you do see some of that coming into an impact on last quarter. But we did say at our IPO, if you remember, we thought we could get to the mid-70s [in product gross margins]. That might feel very good that we'll get to the mid-70s. It's going to take some time.\n\n\n Source: CFO Michael Scarpelli -Snowflake Q1 FY2022 Earnings Call\n\nData by YCharts\nTotal Operating Expenditures were $337.16 Million. Snowflake recorded an Operating Loss of $205.60 Million. Product Operating margin was negative 16%, benefiting from revenue outperformance.\nData by YCharts\nSnowflake recorded a net loss of $203.22 Million in Q1. Net loss per share attributable to common stockholders, basic and diluted was -$0.70.\nData by YCharts\nAdjusted free cash flow margin was 10% and was positively impacted by strong collections from Q4 bookings and operating margin outperformance. Adjusted free cash flow excludes the $10 million impact of net cash paid or received on both employee and employer payroll tax-related items on employee stock option transactions. Adjusted free cash flow is defined as free cash flow plus (minus) net cash paid (received) on payroll tax-related items on employee stock transactions.\nFree cash flow is defined as net cash provided by (used in) operating activities reduced by purchases of property and equipment and capitalized internal-use software development costs. Free cash flow was $2.48 million during Q1.\nData by YCharts\nIt is important to remember that Snowflake does experience free cash flow seasonality. In fiscal '21, Q1 and Q4 were the strongest free cash flow quarters, while Q2 was the weakest and this pattern is expected to continue in future periods.\nGuidance\nSnowflake Q2 FY2022 Guidance\nFY 2022 Full Year Guidance\nSource:Snowflake First Quarter of Fiscal 2022 Press Release\nBalance Sheet\nThe company’s balance sheet is healthy, with approximately $3.9 billion in cash, cash equivalents and short-term investments.\nData by YCharts\nTotal Current Liabilities are $777.00 Million. Quick ratio was 5.27. A good quick ratio is any number greater than 1.0. Snowflake has aDebt To Equity ratioof 0.04.\nData by YCharts\nSnowflake Investor Day\nSnowflake held an Investor Day on June 10th, in which the company revealed plans to reach $10 billion in product revenue by the end of 2028 (FY29), a big rise from fiscal 2021’s $554 million, with a long-term operating margin target of 10%.\nInvestors, however, seem to have wanted even more growth as the stock opened around 4% lower the next day. Some analysts like Patrick Colville of Deutsche Bank think guidance is conservative because it implies that Snowflake would only capture about 12% of the $86B data warehouse market estimated for FY29.\nThat all goes to show that there are already enormous growth expectations built into this stock because $10 billion in product revenue by the end of 2028 is a fairly ambitious goal.\nOne other interesting part of the presentation was that the CFO raised the total addressable market for Snowflake to $90 billion, up from the $81 billion used for the roadshow for the IPO.\nCompetitors\nIn addition to database warehouses Druid and Dremio, Snowflake's strongest competitors appear to be the big data warehouse systems from the major cloud players like Amazon's Redshift, Microsoft Azure's Synapse, and Google's Big Query.\nAmazon, Microsoft and Google are all choosing to compete against Snowflake's new ideas in database warehouses by using the time honored tactic of trying to copy as many of Snowflake's features as possible..\nThe advantage that Snowflake has over Amazon, Microsoft and Google in those companies trying to play copycat is that those database warehouses don't scale as well across different data sources (namely competing cloud storage services) and the major cloud players are not fully independent database warehouse providers, meaning that in the end, Amazon, Microsoft and Google are trying to lock customers in to as many of their bundled cloud services as possible. Snowflake doesn't care what cloud service a customer uses for services like storage, as Snowflake is truly neutral in the cloud wars, which is very desirable in a multi-cloud world.\nOf all the competitors, Google Big Query is currently the closest competitor to what Snowflake is doing as it also separates storage and compute. The biggest differences between Snowflake and BigQuery comes down to pricing and performance. Beth Kindig, in her article about Snowflake said this about Snowflake vs Big Query:\n\n When it comes to deciding between BigQuery and Snowflake, it can come down to what you do with the database due to pricing structure differences. For instance, Snowflake is a better choice for concurrent users and business intelligence. It’s also a great choice for data-as-a-service, where you might give client access to your data in the form of analytics. BigQuery is perhaps a better choice for ad hoc reporting, where you have occasional complex reports on a quarterly basis or recommendation models and machine learning that require high idle time. Again, these examples are mainly due to pricing structure.\n\n\n Source: Beth Kindig -Forbes article\n\nRisks\nSnowflake has significant valuation risk, even with the pullback in the stock price from its highs in December. For Snowflake to expand its valuation any further, it is going to require the company to continue posting outstanding growth numbers.\nSecondarily, Snowflake currently only offers their platform on the public clouds provided by AWS, Azure, and GCP, which are also some of the company's primary competitors. Currently, a substantial majority of Snowflake's business is run on the AWS public cloud.\nSo, while Snowflake has some competitive advantages over a cloud giant like AWS, there is a risk that AWS or one of the other cloud giants could use the control of their public cloud to embed innovations for competing offerings to Snowflake or bundle competing products together with other cloud services or leverage their public cloud customer relationships to exclude Snowflake from opportunities. The reason why this risk might not play out in the cloud giants favor is that it appears companies are favoring multi-cloud approaches and have little desire in being locked into only one cloud by a bundled product. That is where Snowflake's Switzerland neutral status in the cloud wars provides some protection but not total protection from this risk.\nOn another note, though, because the three major cloud players also provides much of the infrastructure for Snowflake's business model, in the future it is completely possible that Snowflake could face the risk of unfavorable pricing for the use of the underlying cloud infrastructure, which could hurt Snowflake's margins.\nSnowflake could also undergo pricing pressure on the services offered to customers, as a company like Amazon could do something like offer discount pricing for competing services to customers and that scenario could also threaten Snowflake's margins over the longer term. Amazon has been known to use that strategy in other areas of their business in the past.\nAnother risk is regulatory. Snowflake must comply with evolving privacy and other data related laws. The requirements for following those laws could be expensive and force the company to make adverse changes to the business, with failure to comply with such laws not being much of an option. Examples of these types of laws are General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA).\nValuation\n\n\n\nCompany\nMkt Cap\nPrice/Sales\nFree Cash Flow Margin %\nEV/Revenues (FWD)\nRevenue Growth (Y/Y) %\nGross Margins %\nRevenues\n\n\nSalesforce(CRM)\n$222.53B\n10.30\n51.27%\n8.1\n22.57%\n73.92%\n5.96B\n\n\nSnowflake (SNOW)\n$71.25B\n87.93\n1.09%\n60.4\n110.4%\n57.47%\n228.9M\n\n\nOkta (OKTA)\n$34.63B\n32.59\n20.99%\n27.6\n37.27%\n73.66%\n$251M\n\n\nMongoDB (MDB)\n$20.76B\n32.36\n5.28%\n26.8\n39.38%\n69.98%\n$181.7M\n\n\nTeradata (TDC)\n$5.23B\n2.76\n21.38%\n2.7\n13.13%\n62.53%\n491M\n\n\n\nTwo things are very obvious about the above company comparisons. One is that Snowflake, even with substantial pullback from its all time highs in December is very highly valued on a Price to Sales basis. Second, is that Snowflake was still growing triple digits in the latest quarter, which is pretty amazing.\nOn the other hand, investors were not impressed by the guidance given during earnings, nor were they impressed by Snowflake's long term projections given during their recent Investor Day. One thing is for sure, for investors to bid Snowflake's stock up further, the company will have to keep producingmind boggling growth numbers.\nThe following is based on 26 Wall Street analysts offering 12-month price targets for Snowflake in the last 3 months. The average price target is $292.12 with a high forecast of $515.00 and a low forecast of $240.60. The average price target represents a 21.41% from the last price of $240.60.\n\nConclusion\nSnowflake is a stock that has very high expectations built into the stock price. The latest earnings and guidance, plus the latest investor day were not enough to get investors excited about pushing the value of the stock much further than it is now.\nHowever, I think that with a company like Snowflake, one has to take a much longer view than simply looking at one quarter's metrics. I believe it is appropriate to take at least a five year view with this company to see that the future is likely very bright. I believe Snowflake is being very conservative with their long term projections given during Investor Day and if that should prove to be the case, we all might look back several years from now and see with the benefit of hindsight that the stock was actually undervalued.\nI believe that the idea of a Data Cloud and a Data Marketplace are very, very early in the product life cycle and that Snowflake is at the beginning of a strong run of customer and revenue growth over the next several years. Snowflake is a buy but only for veryaggressive investors because there is already a lot of growth embedded in Snowflake's valuation and if the company fails to produce that expected growth, then the stock could drop rapidly.","news_type":1},"isVote":1,"tweetType":1,"viewCount":453,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161594529,"gmtCreate":1623933575261,"gmtModify":1703823825249,"author":{"id":"3560160342346625","authorId":"3560160342346625","name":"GuangQi","avatar":"https://static.tigerbbs.com/8fbd001e1d862fb54bf556f9fec008bc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560160342346625","authorIdStr":"3560160342346625"},"themes":[],"htmlText":"EV IS THE NEXT BEST PLAY!","listText":"EV IS THE NEXT BEST PLAY!","text":"EV IS THE NEXT BEST PLAY!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161594529","repostId":"1184912441","repostType":4,"repost":{"id":"1184912441","kind":"news","pubTimestamp":1623911473,"share":"https://ttm.financial/m/news/1184912441?lang=&edition=fundamental","pubTime":"2021-06-17 14:31","market":"us","language":"en","title":"Fisker: One Of The Best Pure-Play EV Bets","url":"https://stock-news.laohu8.com/highlight/detail?id=1184912441","media":"seekingalpha","summary":"Summary\n\nFisker is on track to deliver its first vehicle by November 2022 and in line with the previ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Fisker is on track to deliver its first vehicle by November 2022 and in line with the previously laid down cost structure.</li>\n <li>The finalized Foxconn deal of mass-producing an electric vehicle justifies the current valuation.</li>\n <li>The announcement of a climate-neutral vehicle goal by 2027 strengthens the long-term outlook.</li>\n <li>Fisker has a robust balance sheet position to support significant investments in product development and innovation.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9723e0a794926349a61ee7329622c779\" tg-width=\"768\" tg-height=\"571\"><span>Chesky_W/iStock via Getty Images</span></p>\n<p>Fisker (FSR) is up more than 65% since the publication of our previous article on Fisker last month (Fisker: High Risk, Very High Return) with a “very bullish” rating. Therefore, we believe now was the time to revisit the stock and revise our rating. After revisiting the stock, we continue to remain bullish as the mispricing persists and valuation fails to incorporate the long-term growth potential of the stock. However, valuation offers favorable risk-reward metrics to enter the stock but does not offer the same extraordinary returns with low risk as before, therefore, we would now reduce the rating from \"very bullish\" to \"bullish\".</p>\n<p>We like Fisker's visionary leadership, competitive product, asset-light business model, and solid partnerships. This article focuses more on updates after our previous coverage, risk reward metrics at current valuation, and strengths that can help expand product portfolio. If you haven’t read our previous article, we highly recommend having a quick look to gain a better understanding of the overall business and strengths.</p>\n<p><b>Business Summary</b></p>\n<p>Fisker Inc. is a California-based EV company focused on designing and developing electric vehicles. Its first vehicle, Fisker Ocean, an electric SUV, is expected to be ready for sale by November 2022. The manufacturing process of Fisker Ocean is outsourced to Magna (MGA) that has an annual capacity to produce 240,000 units. The company went public in October 2020 through a reverse merger with a SPAC. (Source)</p>\n<p><b>What changed since our previous coverage on Fisker?</b></p>\n<p>The company signed an MOU with Foxconn (OTC:FXCOF) in February 2021, which later got converted into an agreementin May 2021. As per the agreement, Foxconn and Fisker will co-develop and manufacture an electric vehicle that would hit the market by Q4 2023 and will be sold under the Fisker brand name in North America, Europe, China, and India. The expected capacity of the vehicle would be 250,000 annually worldwide. The vehicle would be priced under $30,000 and would be a five-seater.</p>\n<p>In the recent&nbsp;stockholders’ annual meeting, Fisker reassured that it was on course to deliver its Fisker Ocean in November 2022. It also reassured that it has sourced majority of parts for its first vehicle, and the cost structure is in line with expectations laid out by the company last year. The company announced its goal to produce a fully climate-neutral vehicle by 2027. It also announced plans to exhibit its Fisker Ocean vehicle at the LA Auto Show in November 2021.</p>\n<p><b>Vision to make the world’s most sustainable vehicles</b></p>\n<p>The company was founded with a vision to build the most sustainable vehicles in the world. So far, the company has been on track with its progress. Fisker Ocean has a solar roof that besides delivering a higher range to the vehicle, also generates a free of cost and greenest form of energy source. The company also uses recycled material within its car. In line with its vision, the company set a goal to produce a fully climate-neutral vehicle by 2027 with net-zero greenhouse gases over its lifetime.</p>\n<p><b>Well-positioned to expand vehicle portfolio</b></p>\n<p>Two major partnerships with international contract manufacturers (Foxconn and Magna) uniquely positioned Fisker to grow its vehicle portfolio and reach its goal of four vehicles by 2025. The partnerships enable it to make vehicle design and development the center of attention for the company, have an asset-light business model, build confidence among top suppliers, and enhance negotiation capabilities with suppliers.</p>\n<p>In collaboration with Fisker, Magna will also&nbsp;develop a new ADAS feature&nbsp;that includes digital-imaging radar technology. The technology would be coming with Fisker Ocean initially and can be levered to all the upcoming models of Fisker and will play a material role in differentiating Fisker from other automotive manufacturers. The company is also expected to have one of the fastest development times for a vehicle of 2.5 years which can be more than 4 years for most of the automotive OEMs.</p>\n<p>We believe that the company is well-positioned to grow its portfolio by leveraging its existing technology, partnerships, and unique asset-light business model. It outsources multiple areas where it believes that differentiation is not important such as manufacturing process, fleet management services, lease financing, other related services, etc. This helps the company focus primarily on product innovation and development, unlike other companies with their hands entirely filled.</p>\n<p><b>More upside potential</b></p>\n<p>As we discussed in a previous report, the Foxconn deal alone can generate $3.75Bn+ annually in revenue (after 3 to 5 years). Similarly, based on conservative estimates of 50,000 Fisker Ocean vehicles at an average price of $50K, Fisker can generate $2.5Bn annually starting 2023 from Fisker Ocean. Both combined are still greater than the current market capitalization of $5.5Bn despite a 65%+ price return in the last one month.</p>\n<p>Furthermore, the company can deliver more than 20% growth in the medium-term (after 2025) even after the above two revenue sources are realized. This is because the company can continue to grow by adding more vehicles to its portfolio with the help of an asset-light business model, visionary leadership, and strong partnership.</p>\n<p>The stock can justify its valuation based on estimates of barely two vehicles with a forward P/S ratio (FY3) of less than 1 as per our estimates discussed above. Announcement of the other two vehicles' development as per the company's defined 2025 goal would exponentially boost the company’s outlook and shareholder’s returns.</p>\n<p><b>Risk to Thesis</b></p>\n<p><b>Rising short interest</b></p>\n<p>Short interest has gone up significantly in recent months. Increased pressure from short sellers can push the stock downwards. Besides that, Fisker can also become a victim of short-sellers' attacks due to its lack of revenue and salable product. Short-sellers might publish short-seller reports citing unproven concerns and push the stock downwards for personal gains. This can lead to tarnishing the firm's reputation, which can reduce the ability to secure additional financing, credibility among suppliers, disrupt existing partnerships, as well as impact demand for its vehicles.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9c3ae9e44bb7e2d5ebf034087945deef\" tg-width=\"615\" tg-height=\"355\"><span>Data by YCharts</span></p>\n<p><b>Conclusion</b></p>\n<p>The stock continues to offer immense upside potential at the current valuation based on its growth trajectory. Asset-light business model ensures that equity dilution would be insignificant as capital requirements are lower than other EV startups like Workhorse (WKHS) and Lordstown (RIDE) (that are at the risk of facing liquidity crisis when they enter mass production). Moreover, Fisker has zero balance sheet debt and strong liquidity position of $985Mn to support R&amp;D, CapEx, and Marketing costs. Fisker is still one of the best pure-play EV bets currently in the market despite the recent boom in stock price. We expect the stock to double in the next 2-3 years.</p>\n<p>The stock would also see increased investments and recognition in the near term asit will be added to Russel 3000 index, which can lead to upside potential for stockholders.</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>Fisker: One Of The Best Pure-Play EV Bets</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\">\nFisker: One Of The Best Pure-Play EV Bets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 14:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435102-fisker-stock-fsr-one-of-the-best-pure-play-ev-bets><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nFisker is on track to deliver its first vehicle by November 2022 and in line with the previously laid down cost structure.\nThe finalized Foxconn deal of mass-producing an electric vehicle ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435102-fisker-stock-fsr-one-of-the-best-pure-play-ev-bets\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FSR":"菲斯克"},"source_url":"https://seekingalpha.com/article/4435102-fisker-stock-fsr-one-of-the-best-pure-play-ev-bets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184912441","content_text":"Summary\n\nFisker is on track to deliver its first vehicle by November 2022 and in line with the previously laid down cost structure.\nThe finalized Foxconn deal of mass-producing an electric vehicle justifies the current valuation.\nThe announcement of a climate-neutral vehicle goal by 2027 strengthens the long-term outlook.\nFisker has a robust balance sheet position to support significant investments in product development and innovation.\n\nChesky_W/iStock via Getty Images\nFisker (FSR) is up more than 65% since the publication of our previous article on Fisker last month (Fisker: High Risk, Very High Return) with a “very bullish” rating. Therefore, we believe now was the time to revisit the stock and revise our rating. After revisiting the stock, we continue to remain bullish as the mispricing persists and valuation fails to incorporate the long-term growth potential of the stock. However, valuation offers favorable risk-reward metrics to enter the stock but does not offer the same extraordinary returns with low risk as before, therefore, we would now reduce the rating from \"very bullish\" to \"bullish\".\nWe like Fisker's visionary leadership, competitive product, asset-light business model, and solid partnerships. This article focuses more on updates after our previous coverage, risk reward metrics at current valuation, and strengths that can help expand product portfolio. If you haven’t read our previous article, we highly recommend having a quick look to gain a better understanding of the overall business and strengths.\nBusiness Summary\nFisker Inc. is a California-based EV company focused on designing and developing electric vehicles. Its first vehicle, Fisker Ocean, an electric SUV, is expected to be ready for sale by November 2022. The manufacturing process of Fisker Ocean is outsourced to Magna (MGA) that has an annual capacity to produce 240,000 units. The company went public in October 2020 through a reverse merger with a SPAC. (Source)\nWhat changed since our previous coverage on Fisker?\nThe company signed an MOU with Foxconn (OTC:FXCOF) in February 2021, which later got converted into an agreementin May 2021. As per the agreement, Foxconn and Fisker will co-develop and manufacture an electric vehicle that would hit the market by Q4 2023 and will be sold under the Fisker brand name in North America, Europe, China, and India. The expected capacity of the vehicle would be 250,000 annually worldwide. The vehicle would be priced under $30,000 and would be a five-seater.\nIn the recent stockholders’ annual meeting, Fisker reassured that it was on course to deliver its Fisker Ocean in November 2022. It also reassured that it has sourced majority of parts for its first vehicle, and the cost structure is in line with expectations laid out by the company last year. The company announced its goal to produce a fully climate-neutral vehicle by 2027. It also announced plans to exhibit its Fisker Ocean vehicle at the LA Auto Show in November 2021.\nVision to make the world’s most sustainable vehicles\nThe company was founded with a vision to build the most sustainable vehicles in the world. So far, the company has been on track with its progress. Fisker Ocean has a solar roof that besides delivering a higher range to the vehicle, also generates a free of cost and greenest form of energy source. The company also uses recycled material within its car. In line with its vision, the company set a goal to produce a fully climate-neutral vehicle by 2027 with net-zero greenhouse gases over its lifetime.\nWell-positioned to expand vehicle portfolio\nTwo major partnerships with international contract manufacturers (Foxconn and Magna) uniquely positioned Fisker to grow its vehicle portfolio and reach its goal of four vehicles by 2025. The partnerships enable it to make vehicle design and development the center of attention for the company, have an asset-light business model, build confidence among top suppliers, and enhance negotiation capabilities with suppliers.\nIn collaboration with Fisker, Magna will also develop a new ADAS feature that includes digital-imaging radar technology. The technology would be coming with Fisker Ocean initially and can be levered to all the upcoming models of Fisker and will play a material role in differentiating Fisker from other automotive manufacturers. The company is also expected to have one of the fastest development times for a vehicle of 2.5 years which can be more than 4 years for most of the automotive OEMs.\nWe believe that the company is well-positioned to grow its portfolio by leveraging its existing technology, partnerships, and unique asset-light business model. It outsources multiple areas where it believes that differentiation is not important such as manufacturing process, fleet management services, lease financing, other related services, etc. This helps the company focus primarily on product innovation and development, unlike other companies with their hands entirely filled.\nMore upside potential\nAs we discussed in a previous report, the Foxconn deal alone can generate $3.75Bn+ annually in revenue (after 3 to 5 years). Similarly, based on conservative estimates of 50,000 Fisker Ocean vehicles at an average price of $50K, Fisker can generate $2.5Bn annually starting 2023 from Fisker Ocean. Both combined are still greater than the current market capitalization of $5.5Bn despite a 65%+ price return in the last one month.\nFurthermore, the company can deliver more than 20% growth in the medium-term (after 2025) even after the above two revenue sources are realized. This is because the company can continue to grow by adding more vehicles to its portfolio with the help of an asset-light business model, visionary leadership, and strong partnership.\nThe stock can justify its valuation based on estimates of barely two vehicles with a forward P/S ratio (FY3) of less than 1 as per our estimates discussed above. Announcement of the other two vehicles' development as per the company's defined 2025 goal would exponentially boost the company’s outlook and shareholder’s returns.\nRisk to Thesis\nRising short interest\nShort interest has gone up significantly in recent months. Increased pressure from short sellers can push the stock downwards. Besides that, Fisker can also become a victim of short-sellers' attacks due to its lack of revenue and salable product. Short-sellers might publish short-seller reports citing unproven concerns and push the stock downwards for personal gains. This can lead to tarnishing the firm's reputation, which can reduce the ability to secure additional financing, credibility among suppliers, disrupt existing partnerships, as well as impact demand for its vehicles.\nData by YCharts\nConclusion\nThe stock continues to offer immense upside potential at the current valuation based on its growth trajectory. Asset-light business model ensures that equity dilution would be insignificant as capital requirements are lower than other EV startups like Workhorse (WKHS) and Lordstown (RIDE) (that are at the risk of facing liquidity crisis when they enter mass production). Moreover, Fisker has zero balance sheet debt and strong liquidity position of $985Mn to support R&D, CapEx, and Marketing costs. Fisker is still one of the best pure-play EV bets currently in the market despite the recent boom in stock price. We expect the stock to double in the next 2-3 years.\nThe stock would also see increased investments and recognition in the near term asit will be added to Russel 3000 index, which can lead to upside potential for stockholders.","news_type":1},"isVote":1,"tweetType":1,"viewCount":318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161594970,"gmtCreate":1623933557190,"gmtModify":1703823823796,"author":{"id":"3560160342346625","authorId":"3560160342346625","name":"GuangQi","avatar":"https://static.tigerbbs.com/8fbd001e1d862fb54bf556f9fec008bc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560160342346625","authorIdStr":"3560160342346625"},"themes":[],"htmlText":"TO THE MOOOON","listText":"TO THE MOOOON","text":"TO THE MOOOON","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161594970","repostId":"1193882993","repostType":4,"repost":{"id":"1193882993","kind":"news","pubTimestamp":1623913274,"share":"https://ttm.financial/m/news/1193882993?lang=&edition=fundamental","pubTime":"2021-06-17 15:01","market":"us","language":"en","title":"Sports betting revenue forecast to skyrocket as more states approve","url":"https://stock-news.laohu8.com/highlight/detail?id=1193882993","media":"seekingalpha","summary":"Eilers & Krejcik Gaming is out with a detailedreporton sports betting.\nThe firm notes that single-ga","content":"<ul>\n <li>Eilers &amp; Krejcik Gaming is out with a detailedreporton sports betting.</li>\n <li>The firm notes that single-game sports betting is now legal in 31 states and 56% of the U.S. population resides in a state where betting on games is legal. Another 9 states have sports betting bills pending.</li>\n <li>Total sports betting revenue in the U.S. this year to date is estimated at $1.24B to mark 360% Y/Y growth. Eilers &amp; Krejcik Gaming forecasts revenue of $19.0B if all 50 states legalize sports betting.</li>\n <li>Flutter Entertainment(OTCPK:PDYPY)is the leading sports betting operator in five states (Illinois, Pennsylvania, New Jersey, Virginia and West Virginia) over a trailing three-month period. DraftKings(NASDAQ:DKNG)is leading in Indiana, Iowa and New Hampshire, while BetMGM(NYSE:MGM)is first in Michigan, Colorado and Tennessee. Caesars Entertainment's(NASDAQ:CZR)William Hill leads in Nevada.</li>\n <li>A large list of companies could potentially benefit from legislation pushing in various jurisdictions and sports betting becoming operational on a large scale. Stocks touching the sports betting world include DraftKings (DKNG), FanDuel/Flutter Entertainment (OTCPK:PDYPY), Caesars Entertainment (CZR), Penn National Gaming(NASDAQ:PENN), Wynn Resorts(NASDAQ:WYNN), MGM Resorts (MGM), Entain(OTCPK:GMVHF), Pointsbet(OTCQX:PBTHF), Rush Street Interactive(NYSE:RSI), GAN(NASDAQ:GAN), fuboTV(NYSE:FUBO), Churchill Downs(NASDAQ:CHDN), International Game Technology(NYSE:IGT), Scientific Games(NASDAQ:SGMS), Golden Nugget Online(NASDAQ:GNOG), Skillz(NYSE:SKLZ), Bally's(NYSE:BALY), Golden Matrix Group(OTCPK:GMGI), Bragg Gaming Group(OTCQX:BRGGF), Playtech(OTC:PYTCF), dMY Technology Group (DMYD), Esports Entertainment(NASDAQ:GMBL), IG Acquisition(NASDAQ:IGAC), Boyd Gaming(NYSE:BYD)and the Roundhill Sports Betting &amp; iGaming ETF(NYSEARCA:BETZ).</li>\n <li>Earlier this year:BetMGM highlights huge iGaming and sports betting potential during investor event.</li>\n</ul>","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>Sports betting revenue forecast to skyrocket as more states approve</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\">\nSports betting revenue forecast to skyrocket as more states approve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 15:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3707001-sports-betting-revenue-forecast-to-skyrocket-as-more-states-approve><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Eilers & Krejcik Gaming is out with a detailedreporton sports betting.\nThe firm notes that single-game sports betting is now legal in 31 states and 56% of the U.S. population resides in a state where ...</p>\n\n<a href=\"https://seekingalpha.com/news/3707001-sports-betting-revenue-forecast-to-skyrocket-as-more-states-approve\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CZR":"凯撒娱乐","WYNN":"永利度假村","PENN":"佩恩国民博彩","DKNG":"DraftKings Inc."},"source_url":"https://seekingalpha.com/news/3707001-sports-betting-revenue-forecast-to-skyrocket-as-more-states-approve","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1193882993","content_text":"Eilers & Krejcik Gaming is out with a detailedreporton sports betting.\nThe firm notes that single-game sports betting is now legal in 31 states and 56% of the U.S. population resides in a state where betting on games is legal. Another 9 states have sports betting bills pending.\nTotal sports betting revenue in the U.S. this year to date is estimated at $1.24B to mark 360% Y/Y growth. Eilers & Krejcik Gaming forecasts revenue of $19.0B if all 50 states legalize sports betting.\nFlutter Entertainment(OTCPK:PDYPY)is the leading sports betting operator in five states (Illinois, Pennsylvania, New Jersey, Virginia and West Virginia) over a trailing three-month period. DraftKings(NASDAQ:DKNG)is leading in Indiana, Iowa and New Hampshire, while BetMGM(NYSE:MGM)is first in Michigan, Colorado and Tennessee. Caesars Entertainment's(NASDAQ:CZR)William Hill leads in Nevada.\nA large list of companies could potentially benefit from legislation pushing in various jurisdictions and sports betting becoming operational on a large scale. Stocks touching the sports betting world include DraftKings (DKNG), FanDuel/Flutter Entertainment (OTCPK:PDYPY), Caesars Entertainment (CZR), Penn National Gaming(NASDAQ:PENN), Wynn Resorts(NASDAQ:WYNN), MGM Resorts (MGM), Entain(OTCPK:GMVHF), Pointsbet(OTCQX:PBTHF), Rush Street Interactive(NYSE:RSI), GAN(NASDAQ:GAN), fuboTV(NYSE:FUBO), Churchill Downs(NASDAQ:CHDN), International Game Technology(NYSE:IGT), Scientific Games(NASDAQ:SGMS), Golden Nugget Online(NASDAQ:GNOG), Skillz(NYSE:SKLZ), Bally's(NYSE:BALY), Golden Matrix Group(OTCPK:GMGI), Bragg Gaming Group(OTCQX:BRGGF), Playtech(OTC:PYTCF), dMY Technology Group (DMYD), Esports Entertainment(NASDAQ:GMBL), IG Acquisition(NASDAQ:IGAC), Boyd Gaming(NYSE:BYD)and the Roundhill Sports Betting & iGaming ETF(NYSEARCA:BETZ).\nEarlier this year:BetMGM highlights huge iGaming and sports betting potential during investor event.","news_type":1},"isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161595530,"gmtCreate":1623933541520,"gmtModify":1703823823151,"author":{"id":"3560160342346625","authorId":"3560160342346625","name":"GuangQi","avatar":"https://static.tigerbbs.com/8fbd001e1d862fb54bf556f9fec008bc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560160342346625","authorIdStr":"3560160342346625"},"themes":[],"htmlText":"oh that’s insane!","listText":"oh that’s insane!","text":"oh that’s insane!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161595530","repostId":"2143797875","repostType":4,"repost":{"id":"2143797875","kind":"highlight","pubTimestamp":1623916380,"share":"https://ttm.financial/m/news/2143797875?lang=&edition=fundamental","pubTime":"2021-06-17 15:53","market":"us","language":"en","title":"Up 190% in a Year, Is Shift4 Payments Stock a Buy?","url":"https://stock-news.laohu8.com/highlight/detail?id=2143797875","media":"Motley Fool","summary":"This hospitality-industry payments specialist could be a great bet on a reopening economy.","content":"<p><b>Shift4 Payments </b>(NYSE:FOUR) has been a wild success since its initial public offering in June 2020. As of this writing, shares are up nearly 190% since their debut -- an impressive feat considering this digital payments company's niches are restaurants and hospitality, industries deeply affected by the pandemic.</p>\n<p>But those areas of the economy are making a comeback, and Shift4 is, too. There's plenty of optimism baked into the company's current valuation, but this emerging digital payments leader is nonetheless worth a look.</p>\n<h2>Not (quite) firing on all cylinders</h2>\n<p>On the surface, it appeared Shift4 had a pretty good first quarter of 2021. Total payment volume was up 30% year over year to $8 billion, lapping the first two months of pre-pandemic 2020 when payment volume notched more than 50% growth from 2019. As a result, revenue (less card-network transaction fees) was up 23% to $97.5 million.</p>\n<p>But here's the rub: Though Shift4 is back in growth mode, many of its customers in the restaurant and hospitality industry aren't back to normal yet. In fact, just the opposite. During the first few months of the year, management commented that many users of its payment system were still suffering because of occupancy restrictions and were well below peak transaction levels from a couple of years ago.</p>\n<p>One multi-location specialty retailer closed its doors, and CEO Jared Isaacman said the sudden closure affected Shift4's adjusted EBITDA by $5.2 million during the period. For the record, total adjusted EBITDA was positive $22.2 million in the first quarter.</p>\n<p>So how is Shift4 back in growth mode? It's picking up lots of new customers in its key markets, and has begun to expand into new ones as well. Its simplified payment-acceptance solutions are resonating with restaurateurs, hotel operators, and other specialty venues (like the new concessions and retail customer Petco Field in San Diego, home of the Padres professional baseball team).</p>\n<p>Shift4's acquisition last autumn of 3dcart (now Shift4Shop), a provider of online-store management software, is also doing well. Shift4Shop competes with offerings from the likes of <b>Shopify </b>(NYSE:SHOP) and <b>Wix.com </b>(NASDAQ:WIX), and is more than holding its own. At the time of purchase, there were 14,000 stores using 3dcart, and Shift4 has added over 21,000 more since then.</p>\n<p>This underscores the brewing rebound that has sent Shift4 stock higher in its first year as a publicly traded company. New customers are helping it stay in growth mode, and existing customers are only just beginning to recover from pandemic effects. Isaacson and company thus upgraded full-year 2021 guidance, calling for total payment volume of at least $44 billion (up 81% from 2020), revenue less network fees of at least $480 million (up 49%), and adjusted EBITDA of at least $165 million (up 88%).</p>\n<h2>Is it too late to buy this post-pandemic play?</h2>\n<p>As of the end of March, Shift4 had $845 million in cash and equivalents and another $16 million in investment securities, offset by total debt of $1.12 billion. It isn't the strongest balance sheet in the digital payments space, but this small company is nevertheless in good shape to continue its aggressive expansion. Free cash flow (excluding acquisitions) was still in the red during the first quarter at negative $21.8 million, but business is headed in the right direction again as the economy gradually reopens.</p>\n<p>Shift4's current market cap is $7.8 billion, valuing the business at 16 times expected 2021 revenue (less network fees) and 47 times expected adjusted EBITDA. Cheap growth stock? Not exactly, especially not after the stock's 190% run over the last year has priced in the Shift4 business rally already. To really keep the momentum going, the company will need to prove that it can keep carving out a niche for itself in its targeted specialty-retail corner of the payments universe beyond 2021 and into 2022.</p>\n<p>Nevertheless, this fintech stock has proved itself resilient since the IPO last summer and has a promising growth story in the years ahead as businesses navigate a post-pandemic digital-first world. I'm personally not buying right at the moment, but shares are on my \"reopening economy stocks\" watch list after the first-quarter 2021 update.</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>Up 190% in a Year, Is Shift4 Payments Stock a Buy?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUp 190% in a Year, Is Shift4 Payments Stock a Buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 15:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/16/up-190-in-a-year-is-shift4-payments-stock-a-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shift4 Payments (NYSE:FOUR) has been a wild success since its initial public offering in June 2020. As of this writing, shares are up nearly 190% since their debut -- an impressive feat considering ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/16/up-190-in-a-year-is-shift4-payments-stock-a-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FOUR":"Shift4 Payments, Inc."},"source_url":"https://www.fool.com/investing/2021/06/16/up-190-in-a-year-is-shift4-payments-stock-a-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143797875","content_text":"Shift4 Payments (NYSE:FOUR) has been a wild success since its initial public offering in June 2020. As of this writing, shares are up nearly 190% since their debut -- an impressive feat considering this digital payments company's niches are restaurants and hospitality, industries deeply affected by the pandemic.\nBut those areas of the economy are making a comeback, and Shift4 is, too. There's plenty of optimism baked into the company's current valuation, but this emerging digital payments leader is nonetheless worth a look.\nNot (quite) firing on all cylinders\nOn the surface, it appeared Shift4 had a pretty good first quarter of 2021. Total payment volume was up 30% year over year to $8 billion, lapping the first two months of pre-pandemic 2020 when payment volume notched more than 50% growth from 2019. As a result, revenue (less card-network transaction fees) was up 23% to $97.5 million.\nBut here's the rub: Though Shift4 is back in growth mode, many of its customers in the restaurant and hospitality industry aren't back to normal yet. In fact, just the opposite. During the first few months of the year, management commented that many users of its payment system were still suffering because of occupancy restrictions and were well below peak transaction levels from a couple of years ago.\nOne multi-location specialty retailer closed its doors, and CEO Jared Isaacman said the sudden closure affected Shift4's adjusted EBITDA by $5.2 million during the period. For the record, total adjusted EBITDA was positive $22.2 million in the first quarter.\nSo how is Shift4 back in growth mode? It's picking up lots of new customers in its key markets, and has begun to expand into new ones as well. Its simplified payment-acceptance solutions are resonating with restaurateurs, hotel operators, and other specialty venues (like the new concessions and retail customer Petco Field in San Diego, home of the Padres professional baseball team).\nShift4's acquisition last autumn of 3dcart (now Shift4Shop), a provider of online-store management software, is also doing well. Shift4Shop competes with offerings from the likes of Shopify (NYSE:SHOP) and Wix.com (NASDAQ:WIX), and is more than holding its own. At the time of purchase, there were 14,000 stores using 3dcart, and Shift4 has added over 21,000 more since then.\nThis underscores the brewing rebound that has sent Shift4 stock higher in its first year as a publicly traded company. New customers are helping it stay in growth mode, and existing customers are only just beginning to recover from pandemic effects. Isaacson and company thus upgraded full-year 2021 guidance, calling for total payment volume of at least $44 billion (up 81% from 2020), revenue less network fees of at least $480 million (up 49%), and adjusted EBITDA of at least $165 million (up 88%).\nIs it too late to buy this post-pandemic play?\nAs of the end of March, Shift4 had $845 million in cash and equivalents and another $16 million in investment securities, offset by total debt of $1.12 billion. It isn't the strongest balance sheet in the digital payments space, but this small company is nevertheless in good shape to continue its aggressive expansion. Free cash flow (excluding acquisitions) was still in the red during the first quarter at negative $21.8 million, but business is headed in the right direction again as the economy gradually reopens.\nShift4's current market cap is $7.8 billion, valuing the business at 16 times expected 2021 revenue (less network fees) and 47 times expected adjusted EBITDA. Cheap growth stock? Not exactly, especially not after the stock's 190% run over the last year has priced in the Shift4 business rally already. To really keep the momentum going, the company will need to prove that it can keep carving out a niche for itself in its targeted specialty-retail corner of the payments universe beyond 2021 and into 2022.\nNevertheless, this fintech stock has proved itself resilient since the IPO last summer and has a promising growth story in the years ahead as businesses navigate a post-pandemic digital-first world. I'm personally not buying right at the moment, but shares are on my \"reopening economy stocks\" watch list after the first-quarter 2021 update.","news_type":1},"isVote":1,"tweetType":1,"viewCount":238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161592000,"gmtCreate":1623933434200,"gmtModify":1703823821045,"author":{"id":"3560160342346625","authorId":"3560160342346625","name":"GuangQi","avatar":"https://static.tigerbbs.com/8fbd001e1d862fb54bf556f9fec008bc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560160342346625","authorIdStr":"3560160342346625"},"themes":[],"htmlText":"hello","listText":"hello","text":"hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161592000","repostId":"2144710563","repostType":4,"repost":{"id":"2144710563","kind":"news","pubTimestamp":1623916800,"share":"https://ttm.financial/m/news/2144710563?lang=&edition=fundamental","pubTime":"2021-06-17 16:00","market":"us","language":"en","title":"Nokia accelerates Telenor and Telia joint 5G network rollout in Denmark","url":"https://stock-news.laohu8.com/highlight/detail?id=2144710563","media":"StreetInsider","summary":"Press Release\nNokia accelerates Telenor and Telia joint 5G network rollout in Denmark\n\nNokia to acce","content":"<p><b>Press Release</b></p>\n<p><b>Nokia accelerates Telenor and Telia joint 5G network rollout in Denmark</b></p>\n<ul>\n <li>Nokia to accelerate rollout following the availability of 3.5GHz spectrum; the enhanced services will offer premium 5G speeds to customers</li>\n <li>The move builds upon Nokia’s long-standing partnership with TTN as lead supplier of 5G RAN Radio</li>\n</ul>\n<p>17 June 2021</p>\n<p><b>Espoo, Finland – Nokia continues to build upon its ongoing business with leading Danish mobile operators, Telenor and Telia via their joint network (TTN) accelerating the delivery of 5G services nationwide following the availability of 3.5 GHz spectrum. Nokia is the exclusive supplier of 5G RAN and will support the modernization of the shared network ensuring TTN’s three million customers have the best connectivity experiences. The availability of spectrum in the 3.5GHz band will offer incredibly fast 5G speeds to customers. </b></p>\n<p>The modernization deal will focus initially on Denmark’s four largest cities before expanding to cover most Danish customers during 2022. It will see Nokia provide its ReefShark SoC (System on Chip) based AirScale 5G RAN portfolio including 5G Massive MIMO antennas to deliver enhanced ultra-fast, low-latency, and high capacity mobile broadband services to both TTN’s consumer and enterprise customers.</p>\n<p>The deal will see Nokia continue its partnership with both companies and the operation of the joint network, which first started in 2012. Nokia together with Telenor and Telia was the first to test 5G in Denmark and among the first to activate 5G on a shared network.</p>\n<p>TTN is Denmark's largest mobile network with more than 4,300 sites. The merger between the two networks first began in 2012 with both companies each owning 50 percent of the network. It provides customers with better coverage, capacity, and quality, as well as reducing the companies' overall CO2 footprint.</p>\n<p><b>Thomas Kjærsgaard, CEO of Telia Denmark, commented:</b> “The 5G network supports the increasing need for data and advanced communication solutions in Denmark. With the modernization of the network, we are making a significant investment in and upgrade of the vital Danish telecoms infrastructure. A strong network is the foundation for our continued work to support the digitalization of Denmark, the development of our economy, innovation, and sustainable solutions for the future.\"</p>\n<p><b>Lars Thomsen, CEO of Telenor Denmark, said:</b> “As with everything else we do, our rollout is based on how we create the most real value for our customers. With our nationwide network rollout, Danes will experience higher speeds and better coverage in both urban and peri-urban areas. Specifically, the 5G upgrades will mean twice the speeds in densely populated areas and significant improvements across the country.\"</p>\n<p><b>Tommi Uitto, President of Mobile Networks at Nokia, commented: </b>“Nokia has a long-standing and collaborative partnership with TTN - Telenor and Telia’s joint venture. Together we have delivered many technology ‘firsts’, which highlights our shared commitment to providing word-class connectivity, including the TTN 5G pilot in Denmark which was the first network to simultaneously support 2G-5G sharing. I look forward to continuing to work closely with Telenor and Telia and support their ambition to promote digitalization in Danish society and deliver new exciting solutions to its consumer, enterprise, and Industry 4.0 customers.”</p>\n<p><b>Resources: </b></p>\n<p>Webpage: Nokia AirScale</p>\n<p>Webpage: Nokia 5G RAN</p>\n<p><b>About Nokia</b>We create technology that helps the world act together.</p>\n<p>As a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.</p>\n<p>Adhering to the highest standards of integrity and security, we help build the capabilities needed for a more productive, sustainable and inclusive world.</p>\n<p><b>Media Inquiries:</b>Nokia Communications Phone: +358 10 448 4900 Email: press.services@nokia.com</p>","source":"highlight_streetinsider","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>Nokia accelerates Telenor and Telia joint 5G network rollout in Denmark</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\">\nNokia accelerates Telenor and Telia joint 5G network rollout in Denmark\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 16:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18570512><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Press Release\nNokia accelerates Telenor and Telia joint 5G network rollout in Denmark\n\nNokia to accelerate rollout following the availability of 3.5GHz spectrum; the enhanced services will offer ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18570512\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18570512","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144710563","content_text":"Press Release\nNokia accelerates Telenor and Telia joint 5G network rollout in Denmark\n\nNokia to accelerate rollout following the availability of 3.5GHz spectrum; the enhanced services will offer premium 5G speeds to customers\nThe move builds upon Nokia’s long-standing partnership with TTN as lead supplier of 5G RAN Radio\n\n17 June 2021\nEspoo, Finland – Nokia continues to build upon its ongoing business with leading Danish mobile operators, Telenor and Telia via their joint network (TTN) accelerating the delivery of 5G services nationwide following the availability of 3.5 GHz spectrum. Nokia is the exclusive supplier of 5G RAN and will support the modernization of the shared network ensuring TTN’s three million customers have the best connectivity experiences. The availability of spectrum in the 3.5GHz band will offer incredibly fast 5G speeds to customers. \nThe modernization deal will focus initially on Denmark’s four largest cities before expanding to cover most Danish customers during 2022. It will see Nokia provide its ReefShark SoC (System on Chip) based AirScale 5G RAN portfolio including 5G Massive MIMO antennas to deliver enhanced ultra-fast, low-latency, and high capacity mobile broadband services to both TTN’s consumer and enterprise customers.\nThe deal will see Nokia continue its partnership with both companies and the operation of the joint network, which first started in 2012. Nokia together with Telenor and Telia was the first to test 5G in Denmark and among the first to activate 5G on a shared network.\nTTN is Denmark's largest mobile network with more than 4,300 sites. The merger between the two networks first began in 2012 with both companies each owning 50 percent of the network. It provides customers with better coverage, capacity, and quality, as well as reducing the companies' overall CO2 footprint.\nThomas Kjærsgaard, CEO of Telia Denmark, commented: “The 5G network supports the increasing need for data and advanced communication solutions in Denmark. With the modernization of the network, we are making a significant investment in and upgrade of the vital Danish telecoms infrastructure. A strong network is the foundation for our continued work to support the digitalization of Denmark, the development of our economy, innovation, and sustainable solutions for the future.\"\nLars Thomsen, CEO of Telenor Denmark, said: “As with everything else we do, our rollout is based on how we create the most real value for our customers. With our nationwide network rollout, Danes will experience higher speeds and better coverage in both urban and peri-urban areas. Specifically, the 5G upgrades will mean twice the speeds in densely populated areas and significant improvements across the country.\"\nTommi Uitto, President of Mobile Networks at Nokia, commented: “Nokia has a long-standing and collaborative partnership with TTN - Telenor and Telia’s joint venture. Together we have delivered many technology ‘firsts’, which highlights our shared commitment to providing word-class connectivity, including the TTN 5G pilot in Denmark which was the first network to simultaneously support 2G-5G sharing. I look forward to continuing to work closely with Telenor and Telia and support their ambition to promote digitalization in Danish society and deliver new exciting solutions to its consumer, enterprise, and Industry 4.0 customers.”\nResources: \nWebpage: Nokia AirScale\nWebpage: Nokia 5G RAN\nAbout NokiaWe create technology that helps the world act together.\nAs a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.\nAdhering to the highest standards of integrity and security, we help build the capabilities needed for a more productive, sustainable and inclusive world.\nMedia Inquiries:Nokia Communications Phone: +358 10 448 4900 Email: press.services@nokia.com","news_type":1},"isVote":1,"tweetType":1,"viewCount":441,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161596810,"gmtCreate":1623933415230,"gmtModify":1703823820400,"author":{"id":"3560160342346625","authorId":"3560160342346625","name":"GuangQi","avatar":"https://static.tigerbbs.com/8fbd001e1d862fb54bf556f9fec008bc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560160342346625","authorIdStr":"3560160342346625"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161596810","repostId":"2144710250","repostType":4,"repost":{"id":"2144710250","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":1623919243,"share":"https://ttm.financial/m/news/2144710250?lang=&edition=fundamental","pubTime":"2021-06-17 16:40","market":"sh","language":"en","title":"Hawkish Fed fuels dollar, leaves stocks and bonds bruised","url":"https://stock-news.laohu8.com/highlight/detail?id=2144710250","media":"Reuters","summary":"* Fed projects two rate rises in 2023, talks tapering\n* Markets imply risk of first hike by end of 2","content":"<p>* Fed projects two rate rises in 2023, talks tapering</p>\n<p>* Markets imply risk of first hike by end of 2022</p>\n<p>* Bonds sell off hard, dollar surges, gold slides</p>\n<p>* Graphic: Global asset performance</p>\n<p>* Graphic: World FX rates</p>\n<p>LONDON/SYDNEY, June 17 (Reuters) - World equities were heading for their biggest fall in weeks on Thursday after the U.S. Federal Reserve startled investors by signalling it might raise interest rates at a much faster pace than assumed, sending bond yields and the dollar sharply higher.</p>\n<p>The dollar added to what was the strongest <a href=\"https://laohu8.com/S/AONE\">one</a>-day rise in 15 months after the Fed meeting, while Europe's government borrowing costs moved higher after 10-year U.S. Treasury yields rose by their most since early March.</p>\n<p>Europe's STOXX 600 snapped a 9-day winning streak - its longest since 2017 - with a 0.3% early dip. Asia-Pacific shares were closing down around 0.7% , while Wall Street futures pointed to a modest 0.4% drop.</p>\n<p>The Fed forecasts showed 13 of the 18 person policy board saw rates rising in 2023 versus only six previously, while seven tipped a first move in 2022.</p>\n<p>\"The new Fed 'dot plot' indicating that the median FOMC member now forecasts two Fed rate hikes in 2023, versus none in the March iteration, represented the hawkish surprise out of the June Fed meeting,\" said Ray Attrill, head of FX strategy at NAB.</p>\n<p>While these 'dot plots' are not commitments and have a poor track record of predicting rates, the sudden shift was a shock.</p>\n<p>The Fed also signalled it would now be considering whether to 'taper' its $120 billion-a-month asset purchase programme meeting by meeting and downgraded the risk from the pandemic given progress with vaccinations.</p>\n<p>JPMorgan analysts noted Fed Chair Jerome Powell had not been as aggressive in his media conference. He had described it as a \"talking about talking about meeting,\" a glib reference to his protestations earlier this year that the Fed was not even \"talking about talking about\" tighter policy.</p>\n<p>\"It appears that faster progress toward reopening and higher inflation surprises revealed some hawks on the FOMC, but we suspect that leadership is predominantly anchored at zero or <a href=\"https://laohu8.com/S/AONE.U\">one</a> hike in 2023,\" JPMorgan said, sticking with a prediction for tapering to start early next year.</p>\n<p>Markets moved quickly to price in the risk of earlier action and Fed fund futures shifted to imply a first hike by the end of 2022. Yields on 10-year bonds shot up almost nine basis points to 1.57%.</p>\n<p>ALL RISE</p>\n<p>The dollar also broke out of recent tight ranges. It had risen 0.9% on Wednesday against a basket of currencies to 91.387</p>\n<p>for its biggest gain since March last year and set a two-month high in early European trading.</p>\n<p>Powell's hawkish turn prompted both Goldman Sachs and Deutsche Bank to abandon their calls that the U.S. currency would weaken against the euro, although others were not so sure.</p>\n<p>Agnès Belaisch, Chief European Strategist of the Barings Investment Institute, said the fact that the Fed was not going to lift rates any time soon was good for world growth and that FX markets would therefore get over Wednesday's shift.</p>\n<p>\"He (Powell) said they wouldn't do anything for the next two years, so it's a shock but wrapped in good news,\" Belaisch said.</p>\n<p>\"I think he gave the markets the all-clear to rally\".</p>\n<p>The euro slipped back towards $1.1950 in the European session and the dollar was just shy of its 2021 high against the yen, last buying 110.55 yen .</p>\n<p>The kiwi dollar clawed back about half of its overnight losses after first-quarter growth figures blew past forecasts, and while the Aussie dollar and British pound stabilised emerging market currencies weakened.</p>\n<p>Ahead for currency markets is an interest rate decision from Turkey's central bank due at 1100 GMT, which has the lira on edge . Norway's central bank kept its interest rates at zero, but said a hike will most likely follow in September.</p>\n<p>Elsewhere, the rise in bond yields and the dollar were a double blow for non-yielding gold which was down at $1,810 an ounce after sliding 2.5% overnight.</p>\n<p>Oil prices were insulated by the prospect of stronger world demand and still tight supply, with Brent reaching its highest since April 2019 before running into profit taking and headwinds from the sharply higher dollar.</p>\n<p>Brent was last off 0.3% at $74.15 a barrel, while U.S. crude lost 0.2% as well to trade at $71.98.</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>Hawkish Fed fuels dollar, leaves stocks and bonds bruised</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\">\nHawkish Fed fuels dollar, leaves stocks and bonds bruised\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\">2021-06-17 16:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Fed projects two rate rises in 2023, talks tapering</p>\n<p>* Markets imply risk of first hike by end of 2022</p>\n<p>* Bonds sell off hard, dollar surges, gold slides</p>\n<p>* Graphic: Global asset performance</p>\n<p>* Graphic: World FX rates</p>\n<p>LONDON/SYDNEY, June 17 (Reuters) - World equities were heading for their biggest fall in weeks on Thursday after the U.S. Federal Reserve startled investors by signalling it might raise interest rates at a much faster pace than assumed, sending bond yields and the dollar sharply higher.</p>\n<p>The dollar added to what was the strongest <a href=\"https://laohu8.com/S/AONE\">one</a>-day rise in 15 months after the Fed meeting, while Europe's government borrowing costs moved higher after 10-year U.S. Treasury yields rose by their most since early March.</p>\n<p>Europe's STOXX 600 snapped a 9-day winning streak - its longest since 2017 - with a 0.3% early dip. Asia-Pacific shares were closing down around 0.7% , while Wall Street futures pointed to a modest 0.4% drop.</p>\n<p>The Fed forecasts showed 13 of the 18 person policy board saw rates rising in 2023 versus only six previously, while seven tipped a first move in 2022.</p>\n<p>\"The new Fed 'dot plot' indicating that the median FOMC member now forecasts two Fed rate hikes in 2023, versus none in the March iteration, represented the hawkish surprise out of the June Fed meeting,\" said Ray Attrill, head of FX strategy at NAB.</p>\n<p>While these 'dot plots' are not commitments and have a poor track record of predicting rates, the sudden shift was a shock.</p>\n<p>The Fed also signalled it would now be considering whether to 'taper' its $120 billion-a-month asset purchase programme meeting by meeting and downgraded the risk from the pandemic given progress with vaccinations.</p>\n<p>JPMorgan analysts noted Fed Chair Jerome Powell had not been as aggressive in his media conference. He had described it as a \"talking about talking about meeting,\" a glib reference to his protestations earlier this year that the Fed was not even \"talking about talking about\" tighter policy.</p>\n<p>\"It appears that faster progress toward reopening and higher inflation surprises revealed some hawks on the FOMC, but we suspect that leadership is predominantly anchored at zero or <a href=\"https://laohu8.com/S/AONE.U\">one</a> hike in 2023,\" JPMorgan said, sticking with a prediction for tapering to start early next year.</p>\n<p>Markets moved quickly to price in the risk of earlier action and Fed fund futures shifted to imply a first hike by the end of 2022. Yields on 10-year bonds shot up almost nine basis points to 1.57%.</p>\n<p>ALL RISE</p>\n<p>The dollar also broke out of recent tight ranges. It had risen 0.9% on Wednesday against a basket of currencies to 91.387</p>\n<p>for its biggest gain since March last year and set a two-month high in early European trading.</p>\n<p>Powell's hawkish turn prompted both Goldman Sachs and Deutsche Bank to abandon their calls that the U.S. currency would weaken against the euro, although others were not so sure.</p>\n<p>Agnès Belaisch, Chief European Strategist of the Barings Investment Institute, said the fact that the Fed was not going to lift rates any time soon was good for world growth and that FX markets would therefore get over Wednesday's shift.</p>\n<p>\"He (Powell) said they wouldn't do anything for the next two years, so it's a shock but wrapped in good news,\" Belaisch said.</p>\n<p>\"I think he gave the markets the all-clear to rally\".</p>\n<p>The euro slipped back towards $1.1950 in the European session and the dollar was just shy of its 2021 high against the yen, last buying 110.55 yen .</p>\n<p>The kiwi dollar clawed back about half of its overnight losses after first-quarter growth figures blew past forecasts, and while the Aussie dollar and British pound stabilised emerging market currencies weakened.</p>\n<p>Ahead for currency markets is an interest rate decision from Turkey's central bank due at 1100 GMT, which has the lira on edge . Norway's central bank kept its interest rates at zero, but said a hike will most likely follow in September.</p>\n<p>Elsewhere, the rise in bond yields and the dollar were a double blow for non-yielding gold which was down at $1,810 an ounce after sliding 2.5% overnight.</p>\n<p>Oil prices were insulated by the prospect of stronger world demand and still tight supply, with Brent reaching its highest since April 2019 before running into profit taking and headwinds from the sharply higher dollar.</p>\n<p>Brent was last off 0.3% at $74.15 a barrel, while U.S. crude lost 0.2% as well to trade at $71.98.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SCO":"二倍做空彭博原油指数ETF","EUO":"欧元ETF-ProShares两倍做空","FXE":"欧元做多ETF-CurrencyShares","DWT":"三倍做空原油ETN","FXY":"日元ETF-CurrencyShares","USO":"美国原油ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","DDG":"ProShares做空石油与天然气ETF","YCS":"日元ETF-ProShares两倍做空","UCO":"二倍做多彭博原油ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144710250","content_text":"* Fed projects two rate rises in 2023, talks tapering\n* Markets imply risk of first hike by end of 2022\n* Bonds sell off hard, dollar surges, gold slides\n* Graphic: Global asset performance\n* Graphic: World FX rates\nLONDON/SYDNEY, June 17 (Reuters) - World equities were heading for their biggest fall in weeks on Thursday after the U.S. Federal Reserve startled investors by signalling it might raise interest rates at a much faster pace than assumed, sending bond yields and the dollar sharply higher.\nThe dollar added to what was the strongest one-day rise in 15 months after the Fed meeting, while Europe's government borrowing costs moved higher after 10-year U.S. Treasury yields rose by their most since early March.\nEurope's STOXX 600 snapped a 9-day winning streak - its longest since 2017 - with a 0.3% early dip. Asia-Pacific shares were closing down around 0.7% , while Wall Street futures pointed to a modest 0.4% drop.\nThe Fed forecasts showed 13 of the 18 person policy board saw rates rising in 2023 versus only six previously, while seven tipped a first move in 2022.\n\"The new Fed 'dot plot' indicating that the median FOMC member now forecasts two Fed rate hikes in 2023, versus none in the March iteration, represented the hawkish surprise out of the June Fed meeting,\" said Ray Attrill, head of FX strategy at NAB.\nWhile these 'dot plots' are not commitments and have a poor track record of predicting rates, the sudden shift was a shock.\nThe Fed also signalled it would now be considering whether to 'taper' its $120 billion-a-month asset purchase programme meeting by meeting and downgraded the risk from the pandemic given progress with vaccinations.\nJPMorgan analysts noted Fed Chair Jerome Powell had not been as aggressive in his media conference. He had described it as a \"talking about talking about meeting,\" a glib reference to his protestations earlier this year that the Fed was not even \"talking about talking about\" tighter policy.\n\"It appears that faster progress toward reopening and higher inflation surprises revealed some hawks on the FOMC, but we suspect that leadership is predominantly anchored at zero or one hike in 2023,\" JPMorgan said, sticking with a prediction for tapering to start early next year.\nMarkets moved quickly to price in the risk of earlier action and Fed fund futures shifted to imply a first hike by the end of 2022. Yields on 10-year bonds shot up almost nine basis points to 1.57%.\nALL RISE\nThe dollar also broke out of recent tight ranges. It had risen 0.9% on Wednesday against a basket of currencies to 91.387\nfor its biggest gain since March last year and set a two-month high in early European trading.\nPowell's hawkish turn prompted both Goldman Sachs and Deutsche Bank to abandon their calls that the U.S. currency would weaken against the euro, although others were not so sure.\nAgnès Belaisch, Chief European Strategist of the Barings Investment Institute, said the fact that the Fed was not going to lift rates any time soon was good for world growth and that FX markets would therefore get over Wednesday's shift.\n\"He (Powell) said they wouldn't do anything for the next two years, so it's a shock but wrapped in good news,\" Belaisch said.\n\"I think he gave the markets the all-clear to rally\".\nThe euro slipped back towards $1.1950 in the European session and the dollar was just shy of its 2021 high against the yen, last buying 110.55 yen .\nThe kiwi dollar clawed back about half of its overnight losses after first-quarter growth figures blew past forecasts, and while the Aussie dollar and British pound stabilised emerging market currencies weakened.\nAhead for currency markets is an interest rate decision from Turkey's central bank due at 1100 GMT, which has the lira on edge . Norway's central bank kept its interest rates at zero, but said a hike will most likely follow in September.\nElsewhere, the rise in bond yields and the dollar were a double blow for non-yielding gold which was down at $1,810 an ounce after sliding 2.5% overnight.\nOil prices were insulated by the prospect of stronger world demand and still tight supply, with Brent reaching its highest since April 2019 before running into profit taking and headwinds from the sharply higher dollar.\nBrent was last off 0.3% at $74.15 a barrel, while U.S. crude lost 0.2% as well to trade at $71.98.","news_type":1},"isVote":1,"tweetType":1,"viewCount":230,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":165185203,"gmtCreate":1624106378202,"gmtModify":1703828901968,"author":{"id":"3560160342346625","authorId":"3560160342346625","name":"GuangQi","avatar":"https://static.tigerbbs.com/8fbd001e1d862fb54bf556f9fec008bc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560160342346625","authorIdStr":"3560160342346625"},"themes":[],"htmlText":"to the moon we asay","listText":"to the moon we asay","text":"to the moon we asay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/165185203","repostId":"1138062216","repostType":4,"repost":{"id":"1138062216","kind":"news","pubTimestamp":1624029740,"share":"https://ttm.financial/m/news/1138062216?lang=&edition=fundamental","pubTime":"2021-06-18 23:22","market":"us","language":"en","title":"Energy stocks roar toward their best year in three decades amid recovery in oil","url":"https://stock-news.laohu8.com/highlight/detail?id=1138062216","media":"cnbc","summary":"It’s six months into 2021, andenergy stocksare already on pace for their best year in more than thre","content":"<div>\n<p>It’s six months into 2021, andenergy stocksare already on pace for their best year in more than three decades, leading some to believe the run may be due for a pullback.\nThe group pulled back on ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/18/energy-stocks-roar-toward-their-best-year-in-three-decades-amid-recovery-in-oil.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Energy stocks roar toward their best year in three decades amid recovery in oil</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\">\nEnergy stocks roar toward their best year in three decades amid recovery in oil\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 23:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/18/energy-stocks-roar-toward-their-best-year-in-three-decades-amid-recovery-in-oil.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s six months into 2021, andenergy stocksare already on pace for their best year in more than three decades, leading some to believe the run may be due for a pullback.\nThe group pulled back on ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/18/energy-stocks-roar-toward-their-best-year-in-three-decades-amid-recovery-in-oil.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EOG":"依欧格资源","MRO":"马拉松石油","FANG":"Diamondback Energy","DVN":"德文能源"},"source_url":"https://www.cnbc.com/2021/06/18/energy-stocks-roar-toward-their-best-year-in-three-decades-amid-recovery-in-oil.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1138062216","content_text":"It’s six months into 2021, andenergy stocksare already on pace for their best year in more than three decades, leading some to believe the run may be due for a pullback.\nThe group pulled back on Thursday and Friday, but is still up more than 40% for the year. That’s almost double the 23% return for the real estate sector, which is the second-best sector. The S&P 500 is up nearly 12% this year.\nEnergy’s big start to the year means that even if the sector goes nowhere for the rest of 2021, it will still be the best year since 1990 by nearly 10%, according to Bay Crest Partners chief market technician Jonathan Krinsky.\nThe surge in energy stocks comes on the back of a recovery in oil prices, and as investors return to areas of the market that were left out of 2020′s rebound from the pandemic lows. The sector was also starting from a low base. In 2020, the group fell 37.3% for its worst performance since inception in 1989.\nKrinsky is among those saying the upside move is overdone, and his call is to sell crude oil and energy stocks broadly. From a technical standpoint, he noted that the $420 to $450 level acted as support — a floor — for the group during the last decade. But then during the Covid sell-off, the sector plunged below that key level — breaking below $200 — as the pandemic ground economies around the world to a halt.\n\nThe S&P Energy Sector has since recovered and traded as high as $420 on Thursday, inching closer to their prior support level, which now acts as resistance, or where an uptrend could be expected to reverse.\n“Oftentimes when you break a very important support like that, once you come back and test it as resistance, it’s difficult to exceed that — at least on the first try,” Krinsky noted.\nGauging performance from Jan. 1 might seem arbitrary, but he added that the sector’s outperformance is notable from virtually any date. Over the last eight months, the group has returned over 90%, which Krinsky says is more than two times the prior largest such gain over the last three decades.\n“Even on a rolling basis this is somewhat unprecedented,” he said. His bearish call on the sector also stems from other commodities breaking down, including lumber and copper. The latter is now breaking its uptrend, and Krinsky noted that copper was a leading indicator for the 2020 low, hitting a bottom one month ahead of West Texas Intermediate Crude futures.\nTOP-PERFORMING S&P 500 ENERGY STOCKS THIS YEAR\n\n\n\nTICKER\nCOMPANY\nPRICE\n%CHANGE\nYIELD\nPREVIOUS CLOSE\n\n\n\n\nMRO\nMarathon Oil Corp\n12.83\n-0.4655\n12.83\n12.89\n\n\nFANG\nDiamondback Energy Inc\n86.23\n-0.7596\n86.23\n86.89\n\n\nDVN\nDevon Energy Corp\n27.22\n-1.3411\n27.22\n27.59\n\n\nEOG\nEOG Resources Inc\n80.795\n-0.7798\n80.795\n81.43\n\n\n\nWithin the sector,Marathon Oilhas gained nearly 93% this year, making it the top-performing energy stock in the S&P 500.\nDiamondback Energyrose about 80% year to date, andDevon Energyclimbed more than 70%.OccidentalandEOG Resourcesare up more than 60%.\nAmid the outperformance the group remains unloved by Wall Street as factors – including environmental, social and corporate governance investing – prompt investors to shy away from the sector. Bank of America recently noted that the entire sector makes up just 2% of the average long-only portfolio, or less than half the allocation toward Facebook, which sits at 4.2%.\nEnergy still comprises a tiny portion of the S&P 500, but as the sector’s weighting grows, fund managers who shun the space could risk returns.\nMRB Partners on Thursday reiterated its overweight rating on the group, saying the recovery in demand for petroleum products, coupled with ongoing supply constraints, should push oil prices higher, leading to further returns for energy stocks.\n“Strengthening cash flows, leaner cost structures, and better capital discipline position the industry to moderately increase capital returns to shareholders,” strategists led by Salvatore Ruscitti wrote in a note to clients. “Relative performance will benefit from the reflationary backdrop and our expectations for a softer U.S. dollar.”\nWhen it comes to specific stocks, Gilman Hill Asset Management CEO Jenny Harrington owns names includingChevron,OneokandKinder Morgan. She noted on Thursday’s“Halftime Report”that it’s important to look at the whole picture. While oil is at its highest level in nearly two and a half years, it’s trading at about half the level it was just a few years ago. On the flip side, it’s well above where it traded in June of 2020 as the pandemic took hold.\n“They’re all trading at a fraction of the market multiple,” Harrington said of the energy stocks she owns. “They all have hefty dividend yields,” she added, arguing that strong earnings growth means “there’s a lot of room to go here.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165187965,"gmtCreate":1624106536057,"gmtModify":1703828904424,"author":{"id":"3560160342346625","authorId":"3560160342346625","name":"GuangQi","avatar":"https://static.tigerbbs.com/8fbd001e1d862fb54bf556f9fec008bc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560160342346625","authorIdStr":"3560160342346625"},"themes":[],"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165187965","repostId":"2144779706","repostType":4,"repost":{"id":"2144779706","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":"T-Reuters","id":"1086160438","head_image":"https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5"},"pubTimestamp":1624022837,"share":"https://ttm.financial/m/news/2144779706?lang=&edition=fundamental","pubTime":"2021-06-18 21:27","market":"hk","language":"en","title":"Aihuishou International Co. Ltd. Announces Pricing Of Initial Public Offering","url":"https://stock-news.laohu8.com/highlight/detail?id=2144779706","media":"T-Reuters","summary":"AiHuiShou International Co Ltd:Aihuishou International Co. Ltd. Announces Pricing Of Initial Public ","content":"<p>AiHuiShou International Co Ltd:Aihuishou International Co. Ltd. Announces Pricing Of Initial Public Offering.Aihuishou International - Pricing Of Ipo Of 16.2 Million American Depositary Shares At A Price To Public Of Us$14.00 Per Ads.</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>Aihuishou International Co. Ltd. Announces Pricing Of Initial Public Offering</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\">\nAihuishou International Co. Ltd. Announces Pricing Of Initial Public Offering\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086160438\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">T-Reuters </p>\n<p class=\"h-time\">2021-06-18 21:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>AiHuiShou International Co Ltd:Aihuishou International Co. Ltd. Announces Pricing Of Initial Public Offering.Aihuishou International - Pricing Of Ipo Of 16.2 Million American Depositary Shares At A Price To Public Of Us$14.00 Per Ads.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RERE":"万物新生","00626":"大众金融控股"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144779706","content_text":"AiHuiShou International Co Ltd:Aihuishou International Co. Ltd. Announces Pricing Of Initial Public Offering.Aihuishou International - Pricing Of Ipo Of 16.2 Million American Depositary Shares At A Price To Public Of Us$14.00 Per Ads.","news_type":1},"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166021051,"gmtCreate":1623985916573,"gmtModify":1703825698728,"author":{"id":"3560160342346625","authorId":"3560160342346625","name":"GuangQi","avatar":"https://static.tigerbbs.com/8fbd001e1d862fb54bf556f9fec008bc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560160342346625","authorIdStr":"3560160342346625"},"themes":[],"htmlText":"can i buy gpu please","listText":"can i buy gpu please","text":"can i buy gpu please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166021051","repostId":"1112448941","repostType":4,"repost":{"id":"1112448941","kind":"news","pubTimestamp":1623984287,"share":"https://ttm.financial/m/news/1112448941?lang=&edition=fundamental","pubTime":"2021-06-18 10:44","market":"us","language":"en","title":"Crypto Mining Could Give Huge Boost to Seagate and Western Digital Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1112448941","media":"Barrons","summary":"Disk-drive demand continues to be warped by the rapid adoption of Chia, a cryptocurrency that relies","content":"<p>Disk-drive demand continues to be warped by the rapid adoption of Chia, a cryptocurrency that relies on large capacity drives to “farm” new coins.</p>\n<p>, Chia uses a different model than other cryptocurrencies to create new coins. Most cryptocurrencies rely on a “proof of work” model to verify transactions: Miners solve complex mathematical problems that require lots of computational power to earn coins, which explains why traditional mining is so energy-intensive.</p>\n<p>Chia’s approach, by contrast, is tied to storage capacity committed to being used on the blockchain, rather than computational might. And that is warping demand for high-capacity drives.</p>\n<p>In a research note on Thursday, Loop Capital analyst&nbsp;Ananda Baruah&nbsp;asserts that both&nbsp;SeagateTechnology Holdings (ticker: STX) and&nbsp;Western Digital(WDC)—which together control most of the world’s disk-drive production—could see a sustained boost to both pricing and profits from the Chia-driven acceleration in demand for high-capacity drives.</p>\n<p>If that demand is sustained, he asserts, Seagate’s annualized earnings could reach $12 a share, well above the Street’s consensus forecasts of profits of $5.52 a share for the June 2021 fiscal year, $7.48 for fiscal 2022, and $7.71 for fiscal 2023. For Western Digital, he writes, profits could reach the $10-$12-per-share range, which compares to Street estimates of $3.83 for the June 2021 fiscal year, $8.87 for fiscal 2022, and $10.54 for fiscal 2023.</p>\n<p>While the impact on drive pricing from Chia farming has largely been at the retail level and through distributors, Baruah sees the trend overflowing to contract pricing if the Chia trend is sustained, with higher prices possible for drives sold to both cloud-computing companies and major data-storage systems companies like Hewlett Packard Enterprise (HPE),Dell Technologies‘ (DELL) EMC unit, and&nbsp;NetApp(NTAP).</p>\n<p>He contends that both Seagate and Western Digital have begun holding conversations on shifting average selling prices higher. And he adds that “if all of this holds, gross margin expansion could have a long way to go.”</p>\n<p>With distributor inventories depleted, Baruah adds, the hard-drive suppliers are “in prime position” heading into the calendar second half to see elevated pricing. He notes that the last time there was an event-driven price reset in the drive market was 10 years ago, when severe flooding in Thailand knocked out a substantial portion of drive manufacturing capacity. This time, he says, there is less excess capacity in the system, with limited suppliers of both recording heads and magnetic media constraining the ability to satisfy demand.</p>\n<p>Baruah maintains his Buy ratings on both Seagate and Western Digital. He has price targets of $100 on Seagate and $90 on Western. Both stocks are lower in recent trading, with Seagate off 4.2%, at $88.82, and Western Digital down 3.4%, at $70.77. The&nbsp;S&amp;P 500&nbsp;index is down 0.04%.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto Mining Could Give Huge Boost to Seagate and Western Digital Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto Mining Could Give Huge Boost to Seagate and Western Digital Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 10:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/crypto-mining-could-give-huge-boost-to-seagate-and-western-digital-stock-51623944488?mod=hp_DAY_7><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Disk-drive demand continues to be warped by the rapid adoption of Chia, a cryptocurrency that relies on large capacity drives to “farm” new coins.\n, Chia uses a different model than other ...</p>\n\n<a href=\"https://www.barrons.com/articles/crypto-mining-could-give-huge-boost-to-seagate-and-western-digital-stock-51623944488?mod=hp_DAY_7\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WDC":"西部数据","STX":"希捷科技"},"source_url":"https://www.barrons.com/articles/crypto-mining-could-give-huge-boost-to-seagate-and-western-digital-stock-51623944488?mod=hp_DAY_7","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112448941","content_text":"Disk-drive demand continues to be warped by the rapid adoption of Chia, a cryptocurrency that relies on large capacity drives to “farm” new coins.\n, Chia uses a different model than other cryptocurrencies to create new coins. Most cryptocurrencies rely on a “proof of work” model to verify transactions: Miners solve complex mathematical problems that require lots of computational power to earn coins, which explains why traditional mining is so energy-intensive.\nChia’s approach, by contrast, is tied to storage capacity committed to being used on the blockchain, rather than computational might. And that is warping demand for high-capacity drives.\nIn a research note on Thursday, Loop Capital analyst Ananda Baruah asserts that both SeagateTechnology Holdings (ticker: STX) and Western Digital(WDC)—which together control most of the world’s disk-drive production—could see a sustained boost to both pricing and profits from the Chia-driven acceleration in demand for high-capacity drives.\nIf that demand is sustained, he asserts, Seagate’s annualized earnings could reach $12 a share, well above the Street’s consensus forecasts of profits of $5.52 a share for the June 2021 fiscal year, $7.48 for fiscal 2022, and $7.71 for fiscal 2023. For Western Digital, he writes, profits could reach the $10-$12-per-share range, which compares to Street estimates of $3.83 for the June 2021 fiscal year, $8.87 for fiscal 2022, and $10.54 for fiscal 2023.\nWhile the impact on drive pricing from Chia farming has largely been at the retail level and through distributors, Baruah sees the trend overflowing to contract pricing if the Chia trend is sustained, with higher prices possible for drives sold to both cloud-computing companies and major data-storage systems companies like Hewlett Packard Enterprise (HPE),Dell Technologies‘ (DELL) EMC unit, and NetApp(NTAP).\nHe contends that both Seagate and Western Digital have begun holding conversations on shifting average selling prices higher. And he adds that “if all of this holds, gross margin expansion could have a long way to go.”\nWith distributor inventories depleted, Baruah adds, the hard-drive suppliers are “in prime position” heading into the calendar second half to see elevated pricing. He notes that the last time there was an event-driven price reset in the drive market was 10 years ago, when severe flooding in Thailand knocked out a substantial portion of drive manufacturing capacity. This time, he says, there is less excess capacity in the system, with limited suppliers of both recording heads and magnetic media constraining the ability to satisfy demand.\nBaruah maintains his Buy ratings on both Seagate and Western Digital. He has price targets of $100 on Seagate and $90 on Western. Both stocks are lower in recent trading, with Seagate off 4.2%, at $88.82, and Western Digital down 3.4%, at $70.77. The S&P 500 index is down 0.04%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166029272,"gmtCreate":1623985894796,"gmtModify":1703825696781,"author":{"id":"3560160342346625","authorId":"3560160342346625","name":"GuangQi","avatar":"https://static.tigerbbs.com/8fbd001e1d862fb54bf556f9fec008bc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560160342346625","authorIdStr":"3560160342346625"},"themes":[],"htmlText":"to the moooon","listText":"to the moooon","text":"to the moooon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166029272","repostId":"2144286417","repostType":4,"repost":{"id":"2144286417","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":1623970062,"share":"https://ttm.financial/m/news/2144286417?lang=&edition=fundamental","pubTime":"2021-06-18 06:47","market":"us","language":"en","title":"Nasdaq closes up on tech stocks strength, as hawkish Fed limits S&P","url":"https://stock-news.laohu8.com/highlight/detail?id=2144286417","media":"Reuters","summary":"June 17  - Conviction in the strength of the economic recovery pushed investors into U.S. technology stocks on Thursday, driving the Nasdaq higher, although a post-Fed hangover left a subdued S&P nursing a very minor loss.The marginal decline was the S&P's third negative finish in a row, while the Dow - with a more pronounced drop - posted its fourth straight lower close.Many investors were still processing the Federal Reserve's unexpectedly hawkish message on monetary policy from the previous d","content":"<p>June 17 (Reuters) - Conviction in the strength of the economic recovery pushed investors into U.S. technology stocks on Thursday, driving the Nasdaq higher, although a post-Fed hangover left a subdued S&amp;P nursing a very minor loss.</p>\n<p>The marginal decline was the S&amp;P's third negative finish in a row, while the Dow - with a more pronounced drop - posted its fourth straight lower close.</p>\n<p>Many investors were still processing the Federal Reserve's unexpectedly hawkish message on monetary policy from the previous day, which projected the first post-pandemic interest rate hikes in 2023.</p>\n<p>Fed officials cited an improved economic outlook as the U.S. economy recovers quickly from the pandemic, with overall growth expected to hit 7% this year. While careful not to derail the recovery - with no end in sight for supportive policy measures such as bond-buying - the rate-rise signal highlighted concerns about inflation.</p>\n<p>\"I think there was a scenario that people had in mind, that the Fed was going to allow for a larger and longer inflation overshoot, and I think with the increase in the dot plot yesterday... people are rethinking that scenario,\" said David Lefkowitz, head of equities for the Americas at UBS Global Wealth Management.</p>\n<p>Technology shares, which generally perform better when interest rates are low, powered a rally on Wall Street last year as investors flocked to stocks seen as relatively safe during times of economic turmoil.</p>\n<p>Investors returned to such positions on Thursday. Chipmaker Nvidia Corp jumped 4.8%, posting its fourth consecutive record close, after Jefferies raised its price target on the stock.</p>\n<p>Meanwhile, shares of Apple Inc, Microsoft Corp, Amazon.com Inc and Facebook Inc shook off premarket declines to advance between 1.3% and 2.2% as investors bet that a steady economic rebound would boost demand for their products in the long run.</p>\n<p>The Nasdaq ended 13 points short of its record finish on Monday, but it was still the index's second-highest close ever.</p>\n<p>The Dow Jones Industrial Average fell 210.22 points, or 0.62%, to 33,823.45, the S&amp;P 500 lost 1.84 points, or 0.04%, to 4,221.86 and the Nasdaq Composite added 121.67 points, or 0.87%, to 14,161.35.</p>\n<p>Interest rate-sensitive bank stocks slumped 4.3% as longer-dated U.S. Treasury yields dropped.</p>\n<p>The strengthening dollar, another by-product of the previous day's Fed news, pushed U.S. oil prices down from the multi-year high hit earlier in the week. The energy index, in turn, was off 3.5%, the biggest laggard among the 11 main S&amp;P sectors.</p>\n<p>Other economically sensitive stocks, including materials&nbsp;and industrials, fell 2.2% and 1.6% respectively as data showed jobless claims rising last week for the first time in more than a month. Still, layoffs appeared to be easing amid a reopening economy and a shortage of people willing to work.</p>\n<p>Volume on U.S. exchanges was 11.77 billion shares, compared with the 10.67 billion average over the last 20 trading days.</p>\n<p>The S&amp;P 500 posted 23 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 82 new highs and 37 new lows.</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>Nasdaq closes up on tech stocks strength, as hawkish Fed limits S&P</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq closes up on tech stocks strength, as hawkish Fed limits S&P\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\">2021-06-18 06:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>June 17 (Reuters) - Conviction in the strength of the economic recovery pushed investors into U.S. technology stocks on Thursday, driving the Nasdaq higher, although a post-Fed hangover left a subdued S&amp;P nursing a very minor loss.</p>\n<p>The marginal decline was the S&amp;P's third negative finish in a row, while the Dow - with a more pronounced drop - posted its fourth straight lower close.</p>\n<p>Many investors were still processing the Federal Reserve's unexpectedly hawkish message on monetary policy from the previous day, which projected the first post-pandemic interest rate hikes in 2023.</p>\n<p>Fed officials cited an improved economic outlook as the U.S. economy recovers quickly from the pandemic, with overall growth expected to hit 7% this year. While careful not to derail the recovery - with no end in sight for supportive policy measures such as bond-buying - the rate-rise signal highlighted concerns about inflation.</p>\n<p>\"I think there was a scenario that people had in mind, that the Fed was going to allow for a larger and longer inflation overshoot, and I think with the increase in the dot plot yesterday... people are rethinking that scenario,\" said David Lefkowitz, head of equities for the Americas at UBS Global Wealth Management.</p>\n<p>Technology shares, which generally perform better when interest rates are low, powered a rally on Wall Street last year as investors flocked to stocks seen as relatively safe during times of economic turmoil.</p>\n<p>Investors returned to such positions on Thursday. Chipmaker Nvidia Corp jumped 4.8%, posting its fourth consecutive record close, after Jefferies raised its price target on the stock.</p>\n<p>Meanwhile, shares of Apple Inc, Microsoft Corp, Amazon.com Inc and Facebook Inc shook off premarket declines to advance between 1.3% and 2.2% as investors bet that a steady economic rebound would boost demand for their products in the long run.</p>\n<p>The Nasdaq ended 13 points short of its record finish on Monday, but it was still the index's second-highest close ever.</p>\n<p>The Dow Jones Industrial Average fell 210.22 points, or 0.62%, to 33,823.45, the S&amp;P 500 lost 1.84 points, or 0.04%, to 4,221.86 and the Nasdaq Composite added 121.67 points, or 0.87%, to 14,161.35.</p>\n<p>Interest rate-sensitive bank stocks slumped 4.3% as longer-dated U.S. Treasury yields dropped.</p>\n<p>The strengthening dollar, another by-product of the previous day's Fed news, pushed U.S. oil prices down from the multi-year high hit earlier in the week. The energy index, in turn, was off 3.5%, the biggest laggard among the 11 main S&amp;P sectors.</p>\n<p>Other economically sensitive stocks, including materials&nbsp;and industrials, fell 2.2% and 1.6% respectively as data showed jobless claims rising last week for the first time in more than a month. Still, layoffs appeared to be easing amid a reopening economy and a shortage of people willing to work.</p>\n<p>Volume on U.S. exchanges was 11.77 billion shares, compared with the 10.67 billion average over the last 20 trading days.</p>\n<p>The S&amp;P 500 posted 23 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 82 new highs and 37 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QLD":"纳指两倍做多ETF","DOG":"道指反向ETF","UDOW":"道指三倍做多ETF-ProShares",".DJI":"道琼斯","NAB.AU":"NATIONAL AUSTRALIA BANK LTD",".IXIC":"NASDAQ Composite","SQQQ":"纳指三倍做空ETF",".SPX":"S&P 500 Index","MSFT":"微软","03086":"华夏纳指","SDOW":"道指三倍做空ETF-ProShares","AAPL":"苹果","QQQ":"纳指100ETF","QNETCN":"纳斯达克中美互联网老虎指数","NVDA":"英伟达","DXD":"道指两倍做空ETF","09086":"华夏纳指-U","DJX":"1/100道琼斯","QID":"纳指两倍做空ETF","TQQQ":"纳指三倍做多ETF","DDM":"道指两倍做多ETF","AMZN":"亚马逊","PSQ":"纳指反向ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144286417","content_text":"June 17 (Reuters) - Conviction in the strength of the economic recovery pushed investors into U.S. technology stocks on Thursday, driving the Nasdaq higher, although a post-Fed hangover left a subdued S&P nursing a very minor loss.\nThe marginal decline was the S&P's third negative finish in a row, while the Dow - with a more pronounced drop - posted its fourth straight lower close.\nMany investors were still processing the Federal Reserve's unexpectedly hawkish message on monetary policy from the previous day, which projected the first post-pandemic interest rate hikes in 2023.\nFed officials cited an improved economic outlook as the U.S. economy recovers quickly from the pandemic, with overall growth expected to hit 7% this year. While careful not to derail the recovery - with no end in sight for supportive policy measures such as bond-buying - the rate-rise signal highlighted concerns about inflation.\n\"I think there was a scenario that people had in mind, that the Fed was going to allow for a larger and longer inflation overshoot, and I think with the increase in the dot plot yesterday... people are rethinking that scenario,\" said David Lefkowitz, head of equities for the Americas at UBS Global Wealth Management.\nTechnology shares, which generally perform better when interest rates are low, powered a rally on Wall Street last year as investors flocked to stocks seen as relatively safe during times of economic turmoil.\nInvestors returned to such positions on Thursday. Chipmaker Nvidia Corp jumped 4.8%, posting its fourth consecutive record close, after Jefferies raised its price target on the stock.\nMeanwhile, shares of Apple Inc, Microsoft Corp, Amazon.com Inc and Facebook Inc shook off premarket declines to advance between 1.3% and 2.2% as investors bet that a steady economic rebound would boost demand for their products in the long run.\nThe Nasdaq ended 13 points short of its record finish on Monday, but it was still the index's second-highest close ever.\nThe Dow Jones Industrial Average fell 210.22 points, or 0.62%, to 33,823.45, the S&P 500 lost 1.84 points, or 0.04%, to 4,221.86 and the Nasdaq Composite added 121.67 points, or 0.87%, to 14,161.35.\nInterest rate-sensitive bank stocks slumped 4.3% as longer-dated U.S. Treasury yields dropped.\nThe strengthening dollar, another by-product of the previous day's Fed news, pushed U.S. oil prices down from the multi-year high hit earlier in the week. The energy index, in turn, was off 3.5%, the biggest laggard among the 11 main S&P sectors.\nOther economically sensitive stocks, including materials and industrials, fell 2.2% and 1.6% respectively as data showed jobless claims rising last week for the first time in more than a month. Still, layoffs appeared to be easing amid a reopening economy and a shortage of people willing to work.\nVolume on U.S. exchanges was 11.77 billion shares, compared with the 10.67 billion average over the last 20 trading days.\nThe S&P 500 posted 23 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 82 new highs and 37 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":453,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161597120,"gmtCreate":1623933630860,"gmtModify":1703823826061,"author":{"id":"3560160342346625","authorId":"3560160342346625","name":"GuangQi","avatar":"https://static.tigerbbs.com/8fbd001e1d862fb54bf556f9fec008bc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560160342346625","authorIdStr":"3560160342346625"},"themes":[],"htmlText":"pltr or snow??","listText":"pltr or snow??","text":"pltr or snow??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161597120","repostId":"1151875977","repostType":4,"repost":{"id":"1151875977","kind":"news","pubTimestamp":1623900744,"share":"https://ttm.financial/m/news/1151875977?lang=&edition=fundamental","pubTime":"2021-06-17 11:32","market":"us","language":"en","title":"Snowflake: A Very Aggressive Bet On The Future Of The Data Cloud","url":"https://stock-news.laohu8.com/highlight/detail?id=1151875977","media":"seekingalpha","summary":"Summary\n\nSnowflake has only recently started to recover after the long decline from an all time high","content":"<p><b>Summary</b></p>\n<ul>\n <li>Snowflake has only recently started to recover after the long decline from an all time high of $429 that occurred within the December 8 market session.</li>\n <li>Snowflake created the concept of the Data Cloud which allows organizations to unify and connect to a single copy of all of their data with ease.</li>\n <li>Every Snowflake account is capable of sharing data in the Snowflake Data Marketplace, which is a concept that is very early on in its lifecycle.</li>\n <li>During&nbsp;Investor Day on June 10, Snowflake revealed plans to reach $10 billion in product revenue by the end of 2028 (FY29)&nbsp;with a long-term operating margin target of 10%.</li>\n <li>Snowflake is a buy but only for very aggressive investors as the valuation assumes a lot of growth.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d4f629e0a3038cb93bd57cccce00547d\" tg-width=\"768\" tg-height=\"432\"><span>metamorworks/iStock via Getty Images</span></p>\n<p>Last September, Snowflake (NASDAQ:SNOW) began life as a public company after&nbsp;the largest software IPO in history. Snowflake was at the time of its IPO, a unprofitable software company, which is why it was interesting that Warren Buffett's Berkshire Hathaway (NYSE:BRK.A) , which normally eschews investing in software or cloud companies actually wound up&nbsp;investing $735 million or 6.1 million Snowflake shares at the $120 IPO price.</p>\n<p>On September 18, 2020, CEO Frank Slootman,in an interview, disclosed that Berkshire's insurance unit has been using Snowflake's services for quite awhile and that might be part of the reason that Berkshire was comfortable enough to invest in Snowflake's stock. The Slootman interview also disclosed that Snowflake's interactions with Berkshire have been through Todd Combs, the CEO of Berkshire holding GEICO. Since Todd Combs also serves as a Berkshire investment manager, he is probably the one directly responsible for the Snowflake investment and not Buffett.</p>\n<p>Salesforce Ventures (NYSE:CRM)&nbsp;also decided to make an investment&nbsp;of more than $500 million in the company at the IPO, as a play on digital transformation and long term cloud adoption. Snowflake's stock soared in the months following its IPO, partially due to investors being interested in the fastest growing of all the fast growing digital transformation plays and partially due to Snowflake receiving the seal of approval from both Berkshire and Salesforce.</p>\n<p>Snowflake finally ended up reached an all time high of $429.00 within the December 8th market session, at which point Snowflake was selling for 245x Sales and was already being called \"The Most Highly Valued Large Cap Company in History\".</p>\n<p>Eventually, due to&nbsp;fears of rising interest rates and inflation, investors began losing enthusiasm for stocks selling at high valuations and nervous investors have since sold Snowflake's stock down to the point where it had reached all time lows of $184.71 per share on May 13. Since, then the stock has risen slightly over 30% and the question now becomes for investors, \"Is Snowflake a buy at current prices, even though, the company still sells for around 85X sales?\"</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/324a101dce1df05ccb338b782dd193d3\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>This article will go through some of the reasons why many investors are still very infatuated with Snowflake and also go through recent earnings, as well as explain why I consider Snowflake a buy for very aggressive investors.</p>\n<p><b>Snowflake CEO Frank Slootman</b></p>\n<p>Snowflake was founded in July 2012 by two former Oracle (NYSE:ORCL) engineers Benoit Dageville and Thierry Cruanes, along with Marcin Żukowski, co-founder of the Dutch start-up Vectorwise. The first CEO of Snowflake was Mike Speiser, a venture capitalist at Sutter Hill Ventures. In June 2014, Snowflake appointed former Microsoft (NASDAQ:MSFT) executive Bob Muglia as CEO, as the company emerged from stealth mode.</p>\n<p>In May 2019, the company decided to change the leadership team again to Frank Slootman, the retired former CEO of ServiceNow (NASDAQ:NOW), who joined Snowflake as its CEO and Michael Scarpelli, the former CFO of ServiceNow who joined Snowflake as CFO.</p>\n<p>In an&nbsp;article Beth Kindig wrote for Forbes&nbsp;near the date of the IPO, she indicated that the change of CEOs from Bob Muglia to Frank Slootman likely occurred because of pressure from private investors that wanted leadership from someone that had a proven track record of showing that they could grow an enterprise tech company very quickly and who also could make a successful profitable exit for investors in an IPO. Investors got that type of CEO in Frank Slootman, who has a type of \"Rockstar\" status among CEOs.</p>\n<blockquote>\n “He’s one of the most impressive, most accomplished, most respected CEOs in enterprise tech,” said Asheem Chandna, a software investor at Greylock Partners, which invested in the first two companies Slootman took public, Data Domain (later acquired by EMC and now part ofDell) and ServiceNow. “He’s a take-no-prisoners leader. He can point at a hill and inspire the entire team to follow him to take the hill.”\n</blockquote>\n<blockquote>\n Source:CNBC\n</blockquote>\n<p>Frank Slootman already had a rich history that involved turning around a company called Data Domain, which was detailed in his book “TAPE SUCKS: Inside Data Domain, A Silicon Valley Growth Story”. When Slootman first took over Data Domain in 2003, the company had no customers, no revenues, and was a few months away from bankruptcy. In six years, Slootman grew Data Domain to the point where it was selling more than all of its competitors combined. Slootman then successfully sold the company to EMC (NYSE:DELL) in 2009 for $2.1 billion and the&nbsp;Data Domain product line has been Dell EMC's flagship platform&nbsp;for backup, archive and disaster recovery ever since.</p>\n<p>Two years later, Slootman took over the CEO role of ServiceNow between 2011 to 2017. Part of Slootman's accomplishments at ServiceNow was guiding the company to a 2012 IPO.</p>\n<p>For individuals that think that&nbsp;the role of the CEO is essential for a company's success, Snowflake has perhaps one of the best CEOs in the tech sector and the presence of CEO Frank Slootman alone, should be reason enough to consider Snowflake as an investment.</p>\n<p><b>The Data Cloud</b></p>\n<p>Snowflake is a cloud native company that offers unlimited storage and compute in the cloud in a manner designed to be flexible and convenient for companies. Snowflake was built with the purpose of replacing legacy&nbsp;data warehouses. The Snowflake platform is essentially a complete redesign and reimagining of data warehouse architecture and technology</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f08eef11f814a575de7b02b82c5f49bb\" tg-width=\"640\" tg-height=\"176\"><span>Source:Snowflake Presentation titled \"A Detailed View Inside Snowflake\"</span></p>\n<p></p>\n<p>The problem with how many companies handle data today, is that they have what is known as a&nbsp;siloed data&nbsp;problem. Siloed data simply means that the same information is often stored in different databases, leading to inconsistencies between data located in different parts of the company. Siloed data also often makes it difficult to join data to gain new insights or have the ability to act quickly on any new data.</p>\n<p>Snowflake gives company's the ability to join all of their data together and eliminate discrepancies between data from different sources, and reduce&nbsp;data latency. With joined data and reduced data latency, comes the ability for companies to use new incoming data quickly and this is a huge driver for Snowflake's business. When companies become Snowflake customers, they often find that what used to take hours or days to go through data now only takes minutes.</p>\n<p>With Snowflake's innovations, data is now moving from an era of simply informing people to driving operations right as the information signals come in with very little latency. No more will important business decisions be done with only anecdotal observation. Business decisions will increasingly be data driven. That is what digital transformation actually means for a business.</p>\n<p>Every business, in order to survive will eventually have to digitally transform and Snowflake is becoming an essential building block for digital transformation. The&nbsp;<b>Data Cloud</b>is the building block of digital transformation and Snowflake is evolving to become the largest independent&nbsp;<b>Data Cloud</b>.</p>\n<p><b>Data Sharing</b></p>\n<p>Anyone that has a Snowflake account is capable of sharing data. Data sharing is about to become an additional important business for Snowflake. Snowflake has already built a Data Marketplace and is on the verge of starting to really monetize it. Just recently,Snowflake announced&nbsp;that it was accelerating data collaboration with more than 500 Listings in the Snowflake Data Marketplace.</p>\n<p>Business will be able to search for what data is being offered on the Data Marketplace with some of the data offers being for free and some data offers for pay. The Snowflake management team expects that in the future, data networking will become frictionless and that today, we are on the beginning edges of a true data exchange network application.</p>\n<p>Snowflake expects data sharing to become a big part of their business moving forward and eventually a big part of any future moat because data sharing can translate into powerful&nbsp;network effects, in that the more businesses use the data sharing through Snowflake's market, the more valuable the Snowflake Data Market will become.</p>\n<p><b>Snowflake Architecture</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4f8ac65aba89c4df78926d8b9684c24d\" tg-width=\"640\" tg-height=\"363\"><span>Source:Snowflake Presentationtitled \"A Detailed View Inside Snowflake\"</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8494b11b7683d8c1c9aa35501c234e01\" tg-width=\"640\" tg-height=\"439\"><span>Source:Snowflake User Guide</span></p>\n<p>Snowflake’s novel design consists of three components:</p>\n<ol>\n <li><b>Storage</b>: the persistent storage layer for data stored on Snowflake</li>\n <li><b>Compute</b>: a collection of independent compute resources that execute data processing tasks required for queries. Snowflake also describes this compute as virtual warehouses.</li>\n <li><b>Services</b>: a collection of system services that handle infrastructure, security, metadata, and optimization across the entire Snowflake system</li>\n</ol>\n<p>Snowflake has a decoupled architecture that allows for compute and storage to scale separately. The database storage can be provided from any cloud provider that the customer chooses.</p>\n<p>Query processing or compute takes place in what Snowflake calls virtual warehouses. To simplify things for people that are not data experts, a&nbsp;<b>query</b>&nbsp;is a request for data&nbsp;or information from a database table or combination of tables. Query processing is simply using the compute resources to perform a search for data.</p>\n<p>Snowflake uses massively parallel processing or MPP, in the compute/virtual warehouse setup to process queries.Massively parallel processing&nbsp;is a form of collaborative processing of the same program by two or more processors or in this case virtual warehouses. The advantage of using MPP in the virtual warehouse setup is that the virtual warehouses can access the storage layer independently so as not to compete for compute power.</p>\n<p>Snowflake's virtual warehouses have the ability to access any of the databases in the database storage layer to which they have been granted access, and these virtual warehouses can be created, resized and deleted dynamically as resource needs change. When virtual warehouses execute queries, they transparently and automatically cache data from the database storage layer. Snowflake has the advantage of being able to dynamically bring together the storage, compute and services layers, delivering exactly the resources needed exactly when they are needed, meaning that under a multitude of different usage scenarios, Snowflake is able to dynamically create the right balance of IO, memory, CPU, etc.</p>\n<p>Traditional data warehouse, on the other hand, will often tightly couple the storage, compute, and database services. The disadvantage of doing this is there are performance limitations as the number of workloads and users increase, meaning such a configuration is not very scalable.</p>\n<p>Snowflake's competitors, such as Amazon's (NASDAQ:AMZN) Redshift, for instance, can be disadvantaged when having the compute and storage so tightly coupled, because more often than not more time must be spent manually reconfiguring things, which is a disadvantage.</p>\n<p>One of Snowflake’s&nbsp;unique value propositions&nbsp;is the company’s relatively flexible business model compared to its peers. Snowflake touts this ability on its website:</p>\n<blockquote>\n “Whether you’re a business or technology professional, get the performance, flexibility, and near-infinite scalability to easily load, integrate, analyze and securely share your data.”\n</blockquote>\n<blockquote>\n Source:Snowflake\n</blockquote>\n<p>Snowflake's virtual data warehouse setup where workloads share the same data but can run independently, makes it easier for customers to run smaller workloads. Snowflake management calls this the ability to scale down. When a company joins Snowflake, it does not require a big upfront commitment like it might with other companies. Snowflake allows customers to fully customize their services with an ability to scale down to whatever level is needed. Companies only have to pay for the services they need, instead of having to pay for big bulked up packages containing unnecessary services.</p>\n<p>Snowflake’s competitors, on the other hand, often combine compute, storage and services, then require customers to size and pay based on the largest workload, which can make some data warehouses completely unaffordable or inefficient for some companies.</p>\n<p>Snowflake's documentation&nbsp;claims that the Snowflake data platform is not built on any existing database technology or “big data” software platforms such as&nbsp;Hadoop. Instead, Snowflake combines a completely new SQL query engine with an innovative database architecture natively designed for the cloud. This database and query engine helps Snowflake perform faster queries with fewer errors and costs over competitors.</p>\n<p>I don't want this explanation to get too technical for those not familiar with databases, storage or how the cloud works, so for those that want a more technical explanation of Snowflake's architecture, they can read Snowflake's&nbsp;documentation. or read a&nbsp;Snowflake Presentation&nbsp;titled \"A Detailed View Inside Snowflake\".</p>\n<p><b>C3 AI and Snowflake Partner</b></p>\n<p>Before going through earnings, I wanted to highlight&nbsp;some very recent news&nbsp;of a new collaboration between C3.ai (NYSE:AI) and Snowflake. C3 AI is an enterprise AI software provider that provides a suite that provides comprehensive services to build enterprise-scale AI applications more efficiently and cost-effectively than alternative approaches.</p>\n<p>This partnership will give companies that currently use Snowflake access to the C3 AI® Suite and pre-built C3 AI applications that include a range of industries and enterprise AI use cases, including AI-based CRM, predictive maintenance, supply network optimization, and fraud detection.</p>\n<blockquote>\n C3.ai's chief product officer, Houman Behzadi, said the partnership \"will create significant time and operational efficiencies for Snowflake's customers and solidify Snowflake as the operational data platform of choice for enterprise AI applications.\"\n</blockquote>\n<blockquote>\n Source: C3.ai's chief product officer, Houman Behzadi -ZDNet\n</blockquote>\n<p><b>Snowflake Q1 FY 2022 Earnings</b></p>\n<p>Snowflake's Q1 FY 2022 remaining performance obligations or RPO was $1.4 billion, representing 206% year-over-year growth. The RPO results reflected more multimillion-dollar relationships with particular strength in the telecom and technology sectors. Of the $1.4 billion in RPO, Snowflake expects approximately 54% to be recognized as revenue in the next 12 months.</p>\n<p>Snowflake defines RPO in its&nbsp;earnings press release&nbsp;as the amount of contracted future revenue that has not yet been recognized, including both deferred revenue and non-cancelable contracted amounts that will be invoiced and recognized as revenue in future periods.</p>\n<p>RPO excludes performance obligations from on-demand arrangements and certain time and materials contracts that are billed in arrears.<b>RPO is not necessarily indicative of future product revenue growth because it does not account for the timing of customers’ consumption or their consumption of more than their contracted capacity</b>.</p>\n<p>At the end of Q1, Snowflake had 4,532 total customers. The total number reflects the addition of 393 net new customers in Q1, including three seven-figure new customers. Several of these customer wins might be recognizable names to investors that include Datadog (NASDAQ:DDOG) and Walgreens Boots Alliance (NASDAQ:WBA) and Equifax (NYSE:EFX).</p>\n<p>Snowflake management has stated that they have a strong interest in penetrating more of the largest enterprises globally because they provide the largest opportunity for account expansion. On that note, Snowflake now has 104 customers with trailing 12-month product revenue greater than $1 million, up from 77 last quarter. CFO Michael Scarpelli had some interesting things to say about Snowflake expanding with large customers that shows why the company's products are gaining fans among large enterprises</p>\n<blockquote>\n When we expand within our largest customers, we typically replace more than one solution. In many cases, we replace on-premise and first-generation cloud solutions, and we address new workloads.\n <b>Snowflake creates use cases that were previously impossible</b>. This is what fuels our 168% net revenue retention rate, and we remain confident that our net revenue retention will stay above 160% for the fiscal year.\n</blockquote>\n<blockquote>\n Source: CFO Michael Scarpelli -Snowflake Q1 FY2022 Earnings Call\n</blockquote>\n<p>Snowflake's&nbsp;net revenue retention rate of 168% is probably the best&nbsp;number in the SaaS world. Snowflake calculates their net retention number by first specifying a measurement period consisting of the trailing two years from the current period end. Next, Snowflake defines the measurement cohort as the population of customers under capacity contracts that used the platform at any point in the first month of the first year of the measurement period. The net revenue retention is then defined as the quotient obtained by dividing the product revenue from the cohort in the second year of the measurement period by the product revenue from this cohort in the first year of the measurement period.</p>\n<p>So a net retention rate of 168% means that the customer cohort that spent $100 on average in the first year of the measurement period on the Snowflake platform is spending on average $168 in the second year of the measurement period.. Any customer in the cohort that did not use the platform in the second year remains in the calculation and simply contributes zero product revenue in the second year.</p>\n<p>Snowflake grew product and total revenues grew 110% year over year to $229 million. Product revenue grew to $214 million, reflecting strength in Snowflake consumption. Product revenue is a key metric for Snowflake because revenue is recognized based on platform consumption, which is inherently variable at the customers discretion, and not based on the amount and duration of contract terms. Professional services and other revenue was 15 million.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b09f8c93a8df1f1ad6663d3c88240f18\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>As explained in Snowflake's&nbsp;Q1 FY2022 earnings release, product revenue primarily includes compute, storage, and data transfer resources, which are consumed by customers on Snowflake's platform as a single, integrated offering. Snowflake customers have the ability to consume more than their contracted capacity during the contract term and may have the ability to roll over unused capacity to future periods, generally on the purchase of additional capacity at renewal.</p>\n<p>Snowflake's consumption-based business model distinguishes the company from subscription-based SaaS companies that generally recognize revenue ratably over the contract term and may not permit rollover of services. Because customers have flexibility in the timing of their consumption, which can exceed their contracted capacity or extend beyond the original contract term in many cases, Snowflake believes that the amount of product revenue recognized in a given period is an important indicator of customer satisfaction and the value derived from the platform.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cbf138441130b474d888f2b8c3b6a14d\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>Snowflake's Cost of Sales was $97.35 million. Snowflake's overall Gross Profit rose 98.6% to $131.57 million. Overall Gross Margins were 57.47% and on a non-GAAP basis, Snowflake's<b>product</b>gross margin was 72%, up from 66% in the comparable quarter last year<b>.</b></p>\n<p>Favorable cloud service agreements, growing scale across different regions and Snowflake's enterprise customer's success all contributed to steady product gross margin improvements. Management also indicated during the earnings call that in the long term, the product gross margin number could trend upward into the mid 70’s with the help of improved data storage economics. The recent changes to Snowflake’s storage representation of data have resulted in better data compression and reduced storage costs, which help the gross margin.</p>\n<blockquote>\n And the way it [Data Compression] improves margin is because storage becomes more efficient. Storage is a smaller component of the overall mix of the revenue, and compute is the real value of our software that drives more margin. And I will say we did roll this out in April, and you do see some of that coming into an impact on last quarter. But we did say at our IPO, if you remember, we thought we could get to the mid-70s [in product gross margins]. That might feel very good that we'll get to the mid-70s. It's going to take some time.\n</blockquote>\n<blockquote>\n Source: CFO Michael Scarpelli -Snowflake Q1 FY2022 Earnings Call\n</blockquote>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/529eb97bb77469e322f930569f856186\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>Total Operating Expenditures were $337.16 Million. Snowflake recorded an Operating Loss of $205.60 Million. Product Operating margin was negative 16%, benefiting from revenue outperformance.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6dbb627575db2043508b5d9184639717\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>Snowflake recorded a net loss of $203.22 Million in Q1. Net loss per share attributable to common stockholders, basic and diluted was -$0.70.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/61498379509a7d72eac3dc247b9d077b\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>Adjusted free cash flow margin was 10% and was positively impacted by strong collections from Q4 bookings and operating margin outperformance. Adjusted free cash flow excludes the $10 million impact of net cash paid or received on both employee and employer payroll tax-related items on employee stock option transactions. Adjusted free cash flow is defined as free cash flow plus (minus) net cash paid (received) on payroll tax-related items on employee stock transactions.</p>\n<p>Free cash flow is defined as net cash provided by (used in) operating activities reduced by purchases of property and equipment and capitalized internal-use software development costs. Free cash flow was $2.48 million during Q1.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c7cff66a7608df26acf8524dc7a00a4e\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>It is important to remember that Snowflake does experience free cash flow seasonality. In fiscal '21, Q1 and Q4 were the strongest free cash flow quarters, while Q2 was the weakest and this pattern is expected to continue in future periods.</p>\n<p><b>Guidance</b></p>\n<p><b>Snowflake Q2 FY2022 Guidance</b></p>\n<p><img src=\"https://static.tigerbbs.com/b22e33efd1f082c777336f7bab0d3926\" tg-width=\"640\" tg-height=\"230\" referrerpolicy=\"no-referrer\"><b>FY 2022 Full Year Guidance</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2cd6518f91e69cf59128aedc5da0d0de\" tg-width=\"640\" tg-height=\"262\"><span>Source:Snowflake First Quarter of Fiscal 2022 Press Release</span></p>\n<p><b>Balance Sheet</b></p>\n<p>The company’s balance sheet is healthy, with approximately $3.9 billion in cash, cash equivalents and short-term investments.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c8679600d7e74072382f3e1712f9ef7\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>Total Current Liabilities are $777.00 Million. Quick ratio was 5.27. A&nbsp;good quick ratio&nbsp;is any number greater than 1.0. Snowflake has aDebt To Equity ratioof 0.04.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f43b9ae97e48ef789152979917a02a5c\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p><b>Snowflake Investor Day</b></p>\n<p>Snowflake held an&nbsp;Investor Day on June 10th, in which the company revealed plans to reach $10 billion in product revenue by the end of 2028 (FY29), a big rise from fiscal 2021’s $554 million, with a long-term operating margin target of 10%.</p>\n<p>Investors, however, seem to have wanted even more growth&nbsp;as the stock opened around 4% lower the next day. Some analysts like Patrick Colville of Deutsche Bank think&nbsp;guidance is conservative&nbsp;because it implies that Snowflake would only capture about 12% of the $86B data warehouse market estimated for FY29.</p>\n<p>That all goes to show that there are already enormous growth expectations built into this stock because $10 billion in product revenue by the end of 2028 is a fairly ambitious goal.</p>\n<p>One other interesting part of the presentation was that the CFO raised the total addressable market for Snowflake to $90 billion, up from the $81 billion used for the roadshow for the IPO.</p>\n<p><b>Competitors</b></p>\n<p>In addition to database warehouses Druid and Dremio, Snowflake's strongest competitors appear to be the big data warehouse systems from the major cloud players like Amazon's Redshift, Microsoft Azure's Synapse, and Google's Big Query.</p>\n<p>Amazon, Microsoft and Google are all choosing to compete against Snowflake's new ideas in database warehouses by using the time honored tactic of trying to copy as many of Snowflake's features as possible..</p>\n<p>The advantage that Snowflake has over Amazon, Microsoft and Google in those companies trying to play copycat is that those database warehouses don't scale as well across different data sources (namely competing cloud storage services) and the major cloud players are not fully independent database warehouse providers, meaning that in the end, Amazon, Microsoft and Google are trying to lock customers in to as many of their bundled cloud services as possible. Snowflake doesn't care what cloud service a customer uses for services like storage, as Snowflake is truly neutral in the cloud wars, which is very desirable in a&nbsp;multi-cloud world.</p>\n<p>Of all the competitors, Google Big Query is currently the closest competitor to what Snowflake is doing as it also separates storage and compute. The biggest differences between Snowflake and BigQuery comes down to&nbsp;pricing and performance. Beth Kindig, in her article about Snowflake said this about Snowflake vs Big Query:</p>\n<blockquote>\n When it comes to deciding between BigQuery and Snowflake, it can come down to what you do with the database due to pricing structure differences. For instance, Snowflake is a better choice for concurrent users and business intelligence. It’s also a great choice for data-as-a-service, where you might give client access to your data in the form of analytics. BigQuery is perhaps a better choice for ad hoc reporting, where you have occasional complex reports on a quarterly basis or recommendation models and machine learning that require high idle time. Again, these examples are mainly due to pricing structure.\n</blockquote>\n<blockquote>\n Source: Beth Kindig -Forbes article\n</blockquote>\n<p><b>Risks</b></p>\n<p>Snowflake has significant valuation risk, even with the pullback in the stock price from its highs in December. For Snowflake to expand its valuation any further, it is going to require the company to continue posting outstanding growth numbers.</p>\n<p>Secondarily, Snowflake currently only offers their platform on the public clouds provided by AWS, Azure, and GCP, which are also some of the company's primary competitors. Currently, a substantial majority of Snowflake's business is run on the AWS public cloud.</p>\n<p>So, while Snowflake has some competitive advantages over a cloud giant like AWS, there is a risk that AWS or one of the other cloud giants could use the control of their public cloud to embed innovations for competing offerings to Snowflake or bundle competing products together with other cloud services or leverage their public cloud customer relationships to exclude Snowflake from opportunities. The reason why this risk might not play out in the cloud giants favor is that it appears companies are&nbsp;favoring multi-cloud approaches&nbsp;and have little desire in being locked into only one cloud by a bundled product. That is where Snowflake's Switzerland neutral status in the cloud wars provides some protection but not total protection from this risk.</p>\n<p>On another note, though, because the three major cloud players also provides much of the infrastructure for Snowflake's business model, in the future it is completely possible that Snowflake could face the risk of unfavorable pricing for the use of the underlying cloud infrastructure, which could hurt Snowflake's margins.</p>\n<p>Snowflake could also undergo pricing pressure on the services offered to customers, as a company like Amazon could do something like offer discount pricing for competing services to customers and that scenario could also threaten Snowflake's margins over the longer term. Amazon has been known to use that strategy in other areas of their business in the past.</p>\n<p>Another risk is regulatory. Snowflake must comply with evolving privacy and other data related laws. The requirements for following those laws could be expensive and force the company to make adverse changes to the business, with failure to comply with such laws not being much of an option. Examples of these types of laws are General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA).</p>\n<p><b>Valuation</b></p>\n<table>\n <tbody>\n  <tr>\n   <td>Company</td>\n   <td>Mkt Cap</td>\n   <td><p>Price/Sales</p></td>\n   <td>Free Cash Flow Margin %</td>\n   <td>EV/Revenues (FWD)</td>\n   <td>Revenue Growth (Y/Y) %</td>\n   <td>Gross Margins %</td>\n   <td>Revenues</td>\n  </tr>\n  <tr>\n   <td><p>Salesforce</p><p>(CRM)</p></td>\n   <td>$222.53B</td>\n   <td>10.30</td>\n   <td>51.27%</td>\n   <td>8.1</td>\n   <td>22.57%</td>\n   <td>73.92%</td>\n   <td>5.96B</td>\n  </tr>\n  <tr>\n   <td>Snowflake (SNOW)</td>\n   <td>$71.25B</td>\n   <td>87.93</td>\n   <td>1.09%</td>\n   <td>60.4</td>\n   <td>110.4%</td>\n   <td>57.47%</td>\n   <td>228.9M</td>\n  </tr>\n  <tr>\n   <td>Okta (OKTA)</td>\n   <td>$34.63B</td>\n   <td>32.59</td>\n   <td>20.99%</td>\n   <td>27.6</td>\n   <td>37.27%</td>\n   <td>73.66%</td>\n   <td>$251M</td>\n  </tr>\n  <tr>\n   <td>MongoDB (MDB)</td>\n   <td>$20.76B</td>\n   <td>32.36</td>\n   <td>5.28%</td>\n   <td>26.8</td>\n   <td>39.38%</td>\n   <td>69.98%</td>\n   <td>$181.7M</td>\n  </tr>\n  <tr>\n   <td>Teradata (TDC)</td>\n   <td>$5.23B</td>\n   <td>2.76</td>\n   <td>21.38%</td>\n   <td>2.7</td>\n   <td>13.13%</td>\n   <td>62.53%</td>\n   <td>491M</td>\n  </tr>\n </tbody>\n</table>\n<p>Two things are very obvious about the above company comparisons. One is that Snowflake, even with substantial pullback from its all time highs in December is very highly valued on a Price to Sales basis. Second, is that Snowflake was still growing triple digits in the latest quarter, which is pretty amazing.</p>\n<p>On the other hand, investors were not impressed by the guidance given during earnings, nor were they impressed by Snowflake's long term projections given during their recent Investor Day. One thing is for sure, for investors to bid Snowflake's stock up further, the company will have to keep producingmind boggling growth numbers.</p>\n<p>The following is based on 26 Wall Street analysts offering 12-month price targets for Snowflake in the last 3 months. The average price target is $292.12 with a high forecast of $515.00 and a low forecast of $240.60. The average price target represents a 21.41% from the last price of $240.60.</p>\n<p><img src=\"https://static.tigerbbs.com/007fe75a78c7835e52d8edf8bc7f6bed\" tg-width=\"499\" tg-height=\"405\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Conclusion</b></p>\n<p>Snowflake is a stock that has very high expectations built into the stock price. The latest earnings and guidance, plus the latest investor day were not enough to get investors excited about pushing the value of the stock much further than it is now.</p>\n<p>However, I think that with a company like Snowflake, one has to take a much longer view than simply looking at one quarter's metrics. I believe it is appropriate to take at least a five year view with this company to see that the future is likely very bright. I believe Snowflake is being very conservative with their long term projections given during Investor Day and if that should prove to be the case, we all might look back several years from now and see with the benefit of hindsight that the stock was actually undervalued.</p>\n<p>I believe that the idea of a Data Cloud and a Data Marketplace are very, very early in the product life cycle and that Snowflake is at the beginning of a strong run of customer and revenue growth over the next several years. Snowflake is a buy but only for&nbsp;<b>veryaggressive investors</b>&nbsp;because there is already a lot of growth embedded in Snowflake's valuation and if the company fails to produce that expected growth, then the stock could drop rapidly.</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>Snowflake: A Very Aggressive Bet On The Future Of The Data Cloud</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\">\nSnowflake: A Very Aggressive Bet On The Future Of The Data Cloud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435130-snowflake-stock-snow-very-aggressive-bet-on-future-of-data-cloud><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nSnowflake has only recently started to recover after the long decline from an all time high of $429 that occurred within the December 8 market session.\nSnowflake created the concept of the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435130-snowflake-stock-snow-very-aggressive-bet-on-future-of-data-cloud\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNOW":"Snowflake"},"source_url":"https://seekingalpha.com/article/4435130-snowflake-stock-snow-very-aggressive-bet-on-future-of-data-cloud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151875977","content_text":"Summary\n\nSnowflake has only recently started to recover after the long decline from an all time high of $429 that occurred within the December 8 market session.\nSnowflake created the concept of the Data Cloud which allows organizations to unify and connect to a single copy of all of their data with ease.\nEvery Snowflake account is capable of sharing data in the Snowflake Data Marketplace, which is a concept that is very early on in its lifecycle.\nDuring Investor Day on June 10, Snowflake revealed plans to reach $10 billion in product revenue by the end of 2028 (FY29) with a long-term operating margin target of 10%.\nSnowflake is a buy but only for very aggressive investors as the valuation assumes a lot of growth.\n\nmetamorworks/iStock via Getty Images\nLast September, Snowflake (NASDAQ:SNOW) began life as a public company after the largest software IPO in history. Snowflake was at the time of its IPO, a unprofitable software company, which is why it was interesting that Warren Buffett's Berkshire Hathaway (NYSE:BRK.A) , which normally eschews investing in software or cloud companies actually wound up investing $735 million or 6.1 million Snowflake shares at the $120 IPO price.\nOn September 18, 2020, CEO Frank Slootman,in an interview, disclosed that Berkshire's insurance unit has been using Snowflake's services for quite awhile and that might be part of the reason that Berkshire was comfortable enough to invest in Snowflake's stock. The Slootman interview also disclosed that Snowflake's interactions with Berkshire have been through Todd Combs, the CEO of Berkshire holding GEICO. Since Todd Combs also serves as a Berkshire investment manager, he is probably the one directly responsible for the Snowflake investment and not Buffett.\nSalesforce Ventures (NYSE:CRM) also decided to make an investment of more than $500 million in the company at the IPO, as a play on digital transformation and long term cloud adoption. Snowflake's stock soared in the months following its IPO, partially due to investors being interested in the fastest growing of all the fast growing digital transformation plays and partially due to Snowflake receiving the seal of approval from both Berkshire and Salesforce.\nSnowflake finally ended up reached an all time high of $429.00 within the December 8th market session, at which point Snowflake was selling for 245x Sales and was already being called \"The Most Highly Valued Large Cap Company in History\".\nEventually, due to fears of rising interest rates and inflation, investors began losing enthusiasm for stocks selling at high valuations and nervous investors have since sold Snowflake's stock down to the point where it had reached all time lows of $184.71 per share on May 13. Since, then the stock has risen slightly over 30% and the question now becomes for investors, \"Is Snowflake a buy at current prices, even though, the company still sells for around 85X sales?\"\nData by YCharts\nThis article will go through some of the reasons why many investors are still very infatuated with Snowflake and also go through recent earnings, as well as explain why I consider Snowflake a buy for very aggressive investors.\nSnowflake CEO Frank Slootman\nSnowflake was founded in July 2012 by two former Oracle (NYSE:ORCL) engineers Benoit Dageville and Thierry Cruanes, along with Marcin Żukowski, co-founder of the Dutch start-up Vectorwise. The first CEO of Snowflake was Mike Speiser, a venture capitalist at Sutter Hill Ventures. In June 2014, Snowflake appointed former Microsoft (NASDAQ:MSFT) executive Bob Muglia as CEO, as the company emerged from stealth mode.\nIn May 2019, the company decided to change the leadership team again to Frank Slootman, the retired former CEO of ServiceNow (NASDAQ:NOW), who joined Snowflake as its CEO and Michael Scarpelli, the former CFO of ServiceNow who joined Snowflake as CFO.\nIn an article Beth Kindig wrote for Forbes near the date of the IPO, she indicated that the change of CEOs from Bob Muglia to Frank Slootman likely occurred because of pressure from private investors that wanted leadership from someone that had a proven track record of showing that they could grow an enterprise tech company very quickly and who also could make a successful profitable exit for investors in an IPO. Investors got that type of CEO in Frank Slootman, who has a type of \"Rockstar\" status among CEOs.\n\n “He’s one of the most impressive, most accomplished, most respected CEOs in enterprise tech,” said Asheem Chandna, a software investor at Greylock Partners, which invested in the first two companies Slootman took public, Data Domain (later acquired by EMC and now part ofDell) and ServiceNow. “He’s a take-no-prisoners leader. He can point at a hill and inspire the entire team to follow him to take the hill.”\n\n\n Source:CNBC\n\nFrank Slootman already had a rich history that involved turning around a company called Data Domain, which was detailed in his book “TAPE SUCKS: Inside Data Domain, A Silicon Valley Growth Story”. When Slootman first took over Data Domain in 2003, the company had no customers, no revenues, and was a few months away from bankruptcy. In six years, Slootman grew Data Domain to the point where it was selling more than all of its competitors combined. Slootman then successfully sold the company to EMC (NYSE:DELL) in 2009 for $2.1 billion and the Data Domain product line has been Dell EMC's flagship platform for backup, archive and disaster recovery ever since.\nTwo years later, Slootman took over the CEO role of ServiceNow between 2011 to 2017. Part of Slootman's accomplishments at ServiceNow was guiding the company to a 2012 IPO.\nFor individuals that think that the role of the CEO is essential for a company's success, Snowflake has perhaps one of the best CEOs in the tech sector and the presence of CEO Frank Slootman alone, should be reason enough to consider Snowflake as an investment.\nThe Data Cloud\nSnowflake is a cloud native company that offers unlimited storage and compute in the cloud in a manner designed to be flexible and convenient for companies. Snowflake was built with the purpose of replacing legacy data warehouses. The Snowflake platform is essentially a complete redesign and reimagining of data warehouse architecture and technology\nSource:Snowflake Presentation titled \"A Detailed View Inside Snowflake\"\n\nThe problem with how many companies handle data today, is that they have what is known as a siloed data problem. Siloed data simply means that the same information is often stored in different databases, leading to inconsistencies between data located in different parts of the company. Siloed data also often makes it difficult to join data to gain new insights or have the ability to act quickly on any new data.\nSnowflake gives company's the ability to join all of their data together and eliminate discrepancies between data from different sources, and reduce data latency. With joined data and reduced data latency, comes the ability for companies to use new incoming data quickly and this is a huge driver for Snowflake's business. When companies become Snowflake customers, they often find that what used to take hours or days to go through data now only takes minutes.\nWith Snowflake's innovations, data is now moving from an era of simply informing people to driving operations right as the information signals come in with very little latency. No more will important business decisions be done with only anecdotal observation. Business decisions will increasingly be data driven. That is what digital transformation actually means for a business.\nEvery business, in order to survive will eventually have to digitally transform and Snowflake is becoming an essential building block for digital transformation. The Data Cloudis the building block of digital transformation and Snowflake is evolving to become the largest independent Data Cloud.\nData Sharing\nAnyone that has a Snowflake account is capable of sharing data. Data sharing is about to become an additional important business for Snowflake. Snowflake has already built a Data Marketplace and is on the verge of starting to really monetize it. Just recently,Snowflake announced that it was accelerating data collaboration with more than 500 Listings in the Snowflake Data Marketplace.\nBusiness will be able to search for what data is being offered on the Data Marketplace with some of the data offers being for free and some data offers for pay. The Snowflake management team expects that in the future, data networking will become frictionless and that today, we are on the beginning edges of a true data exchange network application.\nSnowflake expects data sharing to become a big part of their business moving forward and eventually a big part of any future moat because data sharing can translate into powerful network effects, in that the more businesses use the data sharing through Snowflake's market, the more valuable the Snowflake Data Market will become.\nSnowflake Architecture\nSource:Snowflake Presentationtitled \"A Detailed View Inside Snowflake\"\nSource:Snowflake User Guide\nSnowflake’s novel design consists of three components:\n\nStorage: the persistent storage layer for data stored on Snowflake\nCompute: a collection of independent compute resources that execute data processing tasks required for queries. Snowflake also describes this compute as virtual warehouses.\nServices: a collection of system services that handle infrastructure, security, metadata, and optimization across the entire Snowflake system\n\nSnowflake has a decoupled architecture that allows for compute and storage to scale separately. The database storage can be provided from any cloud provider that the customer chooses.\nQuery processing or compute takes place in what Snowflake calls virtual warehouses. To simplify things for people that are not data experts, a query is a request for data or information from a database table or combination of tables. Query processing is simply using the compute resources to perform a search for data.\nSnowflake uses massively parallel processing or MPP, in the compute/virtual warehouse setup to process queries.Massively parallel processing is a form of collaborative processing of the same program by two or more processors or in this case virtual warehouses. The advantage of using MPP in the virtual warehouse setup is that the virtual warehouses can access the storage layer independently so as not to compete for compute power.\nSnowflake's virtual warehouses have the ability to access any of the databases in the database storage layer to which they have been granted access, and these virtual warehouses can be created, resized and deleted dynamically as resource needs change. When virtual warehouses execute queries, they transparently and automatically cache data from the database storage layer. Snowflake has the advantage of being able to dynamically bring together the storage, compute and services layers, delivering exactly the resources needed exactly when they are needed, meaning that under a multitude of different usage scenarios, Snowflake is able to dynamically create the right balance of IO, memory, CPU, etc.\nTraditional data warehouse, on the other hand, will often tightly couple the storage, compute, and database services. The disadvantage of doing this is there are performance limitations as the number of workloads and users increase, meaning such a configuration is not very scalable.\nSnowflake's competitors, such as Amazon's (NASDAQ:AMZN) Redshift, for instance, can be disadvantaged when having the compute and storage so tightly coupled, because more often than not more time must be spent manually reconfiguring things, which is a disadvantage.\nOne of Snowflake’s unique value propositions is the company’s relatively flexible business model compared to its peers. Snowflake touts this ability on its website:\n\n “Whether you’re a business or technology professional, get the performance, flexibility, and near-infinite scalability to easily load, integrate, analyze and securely share your data.”\n\n\n Source:Snowflake\n\nSnowflake's virtual data warehouse setup where workloads share the same data but can run independently, makes it easier for customers to run smaller workloads. Snowflake management calls this the ability to scale down. When a company joins Snowflake, it does not require a big upfront commitment like it might with other companies. Snowflake allows customers to fully customize their services with an ability to scale down to whatever level is needed. Companies only have to pay for the services they need, instead of having to pay for big bulked up packages containing unnecessary services.\nSnowflake’s competitors, on the other hand, often combine compute, storage and services, then require customers to size and pay based on the largest workload, which can make some data warehouses completely unaffordable or inefficient for some companies.\nSnowflake's documentation claims that the Snowflake data platform is not built on any existing database technology or “big data” software platforms such as Hadoop. Instead, Snowflake combines a completely new SQL query engine with an innovative database architecture natively designed for the cloud. This database and query engine helps Snowflake perform faster queries with fewer errors and costs over competitors.\nI don't want this explanation to get too technical for those not familiar with databases, storage or how the cloud works, so for those that want a more technical explanation of Snowflake's architecture, they can read Snowflake's documentation. or read a Snowflake Presentation titled \"A Detailed View Inside Snowflake\".\nC3 AI and Snowflake Partner\nBefore going through earnings, I wanted to highlight some very recent news of a new collaboration between C3.ai (NYSE:AI) and Snowflake. C3 AI is an enterprise AI software provider that provides a suite that provides comprehensive services to build enterprise-scale AI applications more efficiently and cost-effectively than alternative approaches.\nThis partnership will give companies that currently use Snowflake access to the C3 AI® Suite and pre-built C3 AI applications that include a range of industries and enterprise AI use cases, including AI-based CRM, predictive maintenance, supply network optimization, and fraud detection.\n\n C3.ai's chief product officer, Houman Behzadi, said the partnership \"will create significant time and operational efficiencies for Snowflake's customers and solidify Snowflake as the operational data platform of choice for enterprise AI applications.\"\n\n\n Source: C3.ai's chief product officer, Houman Behzadi -ZDNet\n\nSnowflake Q1 FY 2022 Earnings\nSnowflake's Q1 FY 2022 remaining performance obligations or RPO was $1.4 billion, representing 206% year-over-year growth. The RPO results reflected more multimillion-dollar relationships with particular strength in the telecom and technology sectors. Of the $1.4 billion in RPO, Snowflake expects approximately 54% to be recognized as revenue in the next 12 months.\nSnowflake defines RPO in its earnings press release as the amount of contracted future revenue that has not yet been recognized, including both deferred revenue and non-cancelable contracted amounts that will be invoiced and recognized as revenue in future periods.\nRPO excludes performance obligations from on-demand arrangements and certain time and materials contracts that are billed in arrears.RPO is not necessarily indicative of future product revenue growth because it does not account for the timing of customers’ consumption or their consumption of more than their contracted capacity.\nAt the end of Q1, Snowflake had 4,532 total customers. The total number reflects the addition of 393 net new customers in Q1, including three seven-figure new customers. Several of these customer wins might be recognizable names to investors that include Datadog (NASDAQ:DDOG) and Walgreens Boots Alliance (NASDAQ:WBA) and Equifax (NYSE:EFX).\nSnowflake management has stated that they have a strong interest in penetrating more of the largest enterprises globally because they provide the largest opportunity for account expansion. On that note, Snowflake now has 104 customers with trailing 12-month product revenue greater than $1 million, up from 77 last quarter. CFO Michael Scarpelli had some interesting things to say about Snowflake expanding with large customers that shows why the company's products are gaining fans among large enterprises\n\n When we expand within our largest customers, we typically replace more than one solution. In many cases, we replace on-premise and first-generation cloud solutions, and we address new workloads.\n Snowflake creates use cases that were previously impossible. This is what fuels our 168% net revenue retention rate, and we remain confident that our net revenue retention will stay above 160% for the fiscal year.\n\n\n Source: CFO Michael Scarpelli -Snowflake Q1 FY2022 Earnings Call\n\nSnowflake's net revenue retention rate of 168% is probably the best number in the SaaS world. Snowflake calculates their net retention number by first specifying a measurement period consisting of the trailing two years from the current period end. Next, Snowflake defines the measurement cohort as the population of customers under capacity contracts that used the platform at any point in the first month of the first year of the measurement period. The net revenue retention is then defined as the quotient obtained by dividing the product revenue from the cohort in the second year of the measurement period by the product revenue from this cohort in the first year of the measurement period.\nSo a net retention rate of 168% means that the customer cohort that spent $100 on average in the first year of the measurement period on the Snowflake platform is spending on average $168 in the second year of the measurement period.. Any customer in the cohort that did not use the platform in the second year remains in the calculation and simply contributes zero product revenue in the second year.\nSnowflake grew product and total revenues grew 110% year over year to $229 million. Product revenue grew to $214 million, reflecting strength in Snowflake consumption. Product revenue is a key metric for Snowflake because revenue is recognized based on platform consumption, which is inherently variable at the customers discretion, and not based on the amount and duration of contract terms. Professional services and other revenue was 15 million.\nData by YCharts\nAs explained in Snowflake's Q1 FY2022 earnings release, product revenue primarily includes compute, storage, and data transfer resources, which are consumed by customers on Snowflake's platform as a single, integrated offering. Snowflake customers have the ability to consume more than their contracted capacity during the contract term and may have the ability to roll over unused capacity to future periods, generally on the purchase of additional capacity at renewal.\nSnowflake's consumption-based business model distinguishes the company from subscription-based SaaS companies that generally recognize revenue ratably over the contract term and may not permit rollover of services. Because customers have flexibility in the timing of their consumption, which can exceed their contracted capacity or extend beyond the original contract term in many cases, Snowflake believes that the amount of product revenue recognized in a given period is an important indicator of customer satisfaction and the value derived from the platform.\nData by YCharts\nSnowflake's Cost of Sales was $97.35 million. Snowflake's overall Gross Profit rose 98.6% to $131.57 million. Overall Gross Margins were 57.47% and on a non-GAAP basis, Snowflake'sproductgross margin was 72%, up from 66% in the comparable quarter last year.\nFavorable cloud service agreements, growing scale across different regions and Snowflake's enterprise customer's success all contributed to steady product gross margin improvements. Management also indicated during the earnings call that in the long term, the product gross margin number could trend upward into the mid 70’s with the help of improved data storage economics. The recent changes to Snowflake’s storage representation of data have resulted in better data compression and reduced storage costs, which help the gross margin.\n\n And the way it [Data Compression] improves margin is because storage becomes more efficient. Storage is a smaller component of the overall mix of the revenue, and compute is the real value of our software that drives more margin. And I will say we did roll this out in April, and you do see some of that coming into an impact on last quarter. But we did say at our IPO, if you remember, we thought we could get to the mid-70s [in product gross margins]. That might feel very good that we'll get to the mid-70s. It's going to take some time.\n\n\n Source: CFO Michael Scarpelli -Snowflake Q1 FY2022 Earnings Call\n\nData by YCharts\nTotal Operating Expenditures were $337.16 Million. Snowflake recorded an Operating Loss of $205.60 Million. Product Operating margin was negative 16%, benefiting from revenue outperformance.\nData by YCharts\nSnowflake recorded a net loss of $203.22 Million in Q1. Net loss per share attributable to common stockholders, basic and diluted was -$0.70.\nData by YCharts\nAdjusted free cash flow margin was 10% and was positively impacted by strong collections from Q4 bookings and operating margin outperformance. Adjusted free cash flow excludes the $10 million impact of net cash paid or received on both employee and employer payroll tax-related items on employee stock option transactions. Adjusted free cash flow is defined as free cash flow plus (minus) net cash paid (received) on payroll tax-related items on employee stock transactions.\nFree cash flow is defined as net cash provided by (used in) operating activities reduced by purchases of property and equipment and capitalized internal-use software development costs. Free cash flow was $2.48 million during Q1.\nData by YCharts\nIt is important to remember that Snowflake does experience free cash flow seasonality. In fiscal '21, Q1 and Q4 were the strongest free cash flow quarters, while Q2 was the weakest and this pattern is expected to continue in future periods.\nGuidance\nSnowflake Q2 FY2022 Guidance\nFY 2022 Full Year Guidance\nSource:Snowflake First Quarter of Fiscal 2022 Press Release\nBalance Sheet\nThe company’s balance sheet is healthy, with approximately $3.9 billion in cash, cash equivalents and short-term investments.\nData by YCharts\nTotal Current Liabilities are $777.00 Million. Quick ratio was 5.27. A good quick ratio is any number greater than 1.0. Snowflake has aDebt To Equity ratioof 0.04.\nData by YCharts\nSnowflake Investor Day\nSnowflake held an Investor Day on June 10th, in which the company revealed plans to reach $10 billion in product revenue by the end of 2028 (FY29), a big rise from fiscal 2021’s $554 million, with a long-term operating margin target of 10%.\nInvestors, however, seem to have wanted even more growth as the stock opened around 4% lower the next day. Some analysts like Patrick Colville of Deutsche Bank think guidance is conservative because it implies that Snowflake would only capture about 12% of the $86B data warehouse market estimated for FY29.\nThat all goes to show that there are already enormous growth expectations built into this stock because $10 billion in product revenue by the end of 2028 is a fairly ambitious goal.\nOne other interesting part of the presentation was that the CFO raised the total addressable market for Snowflake to $90 billion, up from the $81 billion used for the roadshow for the IPO.\nCompetitors\nIn addition to database warehouses Druid and Dremio, Snowflake's strongest competitors appear to be the big data warehouse systems from the major cloud players like Amazon's Redshift, Microsoft Azure's Synapse, and Google's Big Query.\nAmazon, Microsoft and Google are all choosing to compete against Snowflake's new ideas in database warehouses by using the time honored tactic of trying to copy as many of Snowflake's features as possible..\nThe advantage that Snowflake has over Amazon, Microsoft and Google in those companies trying to play copycat is that those database warehouses don't scale as well across different data sources (namely competing cloud storage services) and the major cloud players are not fully independent database warehouse providers, meaning that in the end, Amazon, Microsoft and Google are trying to lock customers in to as many of their bundled cloud services as possible. Snowflake doesn't care what cloud service a customer uses for services like storage, as Snowflake is truly neutral in the cloud wars, which is very desirable in a multi-cloud world.\nOf all the competitors, Google Big Query is currently the closest competitor to what Snowflake is doing as it also separates storage and compute. The biggest differences between Snowflake and BigQuery comes down to pricing and performance. Beth Kindig, in her article about Snowflake said this about Snowflake vs Big Query:\n\n When it comes to deciding between BigQuery and Snowflake, it can come down to what you do with the database due to pricing structure differences. For instance, Snowflake is a better choice for concurrent users and business intelligence. It’s also a great choice for data-as-a-service, where you might give client access to your data in the form of analytics. BigQuery is perhaps a better choice for ad hoc reporting, where you have occasional complex reports on a quarterly basis or recommendation models and machine learning that require high idle time. Again, these examples are mainly due to pricing structure.\n\n\n Source: Beth Kindig -Forbes article\n\nRisks\nSnowflake has significant valuation risk, even with the pullback in the stock price from its highs in December. For Snowflake to expand its valuation any further, it is going to require the company to continue posting outstanding growth numbers.\nSecondarily, Snowflake currently only offers their platform on the public clouds provided by AWS, Azure, and GCP, which are also some of the company's primary competitors. Currently, a substantial majority of Snowflake's business is run on the AWS public cloud.\nSo, while Snowflake has some competitive advantages over a cloud giant like AWS, there is a risk that AWS or one of the other cloud giants could use the control of their public cloud to embed innovations for competing offerings to Snowflake or bundle competing products together with other cloud services or leverage their public cloud customer relationships to exclude Snowflake from opportunities. The reason why this risk might not play out in the cloud giants favor is that it appears companies are favoring multi-cloud approaches and have little desire in being locked into only one cloud by a bundled product. That is where Snowflake's Switzerland neutral status in the cloud wars provides some protection but not total protection from this risk.\nOn another note, though, because the three major cloud players also provides much of the infrastructure for Snowflake's business model, in the future it is completely possible that Snowflake could face the risk of unfavorable pricing for the use of the underlying cloud infrastructure, which could hurt Snowflake's margins.\nSnowflake could also undergo pricing pressure on the services offered to customers, as a company like Amazon could do something like offer discount pricing for competing services to customers and that scenario could also threaten Snowflake's margins over the longer term. Amazon has been known to use that strategy in other areas of their business in the past.\nAnother risk is regulatory. Snowflake must comply with evolving privacy and other data related laws. The requirements for following those laws could be expensive and force the company to make adverse changes to the business, with failure to comply with such laws not being much of an option. Examples of these types of laws are General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA).\nValuation\n\n\n\nCompany\nMkt Cap\nPrice/Sales\nFree Cash Flow Margin %\nEV/Revenues (FWD)\nRevenue Growth (Y/Y) %\nGross Margins %\nRevenues\n\n\nSalesforce(CRM)\n$222.53B\n10.30\n51.27%\n8.1\n22.57%\n73.92%\n5.96B\n\n\nSnowflake (SNOW)\n$71.25B\n87.93\n1.09%\n60.4\n110.4%\n57.47%\n228.9M\n\n\nOkta (OKTA)\n$34.63B\n32.59\n20.99%\n27.6\n37.27%\n73.66%\n$251M\n\n\nMongoDB (MDB)\n$20.76B\n32.36\n5.28%\n26.8\n39.38%\n69.98%\n$181.7M\n\n\nTeradata (TDC)\n$5.23B\n2.76\n21.38%\n2.7\n13.13%\n62.53%\n491M\n\n\n\nTwo things are very obvious about the above company comparisons. One is that Snowflake, even with substantial pullback from its all time highs in December is very highly valued on a Price to Sales basis. Second, is that Snowflake was still growing triple digits in the latest quarter, which is pretty amazing.\nOn the other hand, investors were not impressed by the guidance given during earnings, nor were they impressed by Snowflake's long term projections given during their recent Investor Day. One thing is for sure, for investors to bid Snowflake's stock up further, the company will have to keep producingmind boggling growth numbers.\nThe following is based on 26 Wall Street analysts offering 12-month price targets for Snowflake in the last 3 months. The average price target is $292.12 with a high forecast of $515.00 and a low forecast of $240.60. The average price target represents a 21.41% from the last price of $240.60.\n\nConclusion\nSnowflake is a stock that has very high expectations built into the stock price. The latest earnings and guidance, plus the latest investor day were not enough to get investors excited about pushing the value of the stock much further than it is now.\nHowever, I think that with a company like Snowflake, one has to take a much longer view than simply looking at one quarter's metrics. I believe it is appropriate to take at least a five year view with this company to see that the future is likely very bright. I believe Snowflake is being very conservative with their long term projections given during Investor Day and if that should prove to be the case, we all might look back several years from now and see with the benefit of hindsight that the stock was actually undervalued.\nI believe that the idea of a Data Cloud and a Data Marketplace are very, very early in the product life cycle and that Snowflake is at the beginning of a strong run of customer and revenue growth over the next several years. Snowflake is a buy but only for veryaggressive investors because there is already a lot of growth embedded in Snowflake's valuation and if the company fails to produce that expected growth, then the stock could drop rapidly.","news_type":1},"isVote":1,"tweetType":1,"viewCount":453,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161594529,"gmtCreate":1623933575261,"gmtModify":1703823825249,"author":{"id":"3560160342346625","authorId":"3560160342346625","name":"GuangQi","avatar":"https://static.tigerbbs.com/8fbd001e1d862fb54bf556f9fec008bc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560160342346625","authorIdStr":"3560160342346625"},"themes":[],"htmlText":"EV IS THE NEXT BEST PLAY!","listText":"EV IS THE NEXT BEST PLAY!","text":"EV IS THE NEXT BEST PLAY!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161594529","repostId":"1184912441","repostType":4,"repost":{"id":"1184912441","kind":"news","pubTimestamp":1623911473,"share":"https://ttm.financial/m/news/1184912441?lang=&edition=fundamental","pubTime":"2021-06-17 14:31","market":"us","language":"en","title":"Fisker: One Of The Best Pure-Play EV Bets","url":"https://stock-news.laohu8.com/highlight/detail?id=1184912441","media":"seekingalpha","summary":"Summary\n\nFisker is on track to deliver its first vehicle by November 2022 and in line with the previ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Fisker is on track to deliver its first vehicle by November 2022 and in line with the previously laid down cost structure.</li>\n <li>The finalized Foxconn deal of mass-producing an electric vehicle justifies the current valuation.</li>\n <li>The announcement of a climate-neutral vehicle goal by 2027 strengthens the long-term outlook.</li>\n <li>Fisker has a robust balance sheet position to support significant investments in product development and innovation.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9723e0a794926349a61ee7329622c779\" tg-width=\"768\" tg-height=\"571\"><span>Chesky_W/iStock via Getty Images</span></p>\n<p>Fisker (FSR) is up more than 65% since the publication of our previous article on Fisker last month (Fisker: High Risk, Very High Return) with a “very bullish” rating. Therefore, we believe now was the time to revisit the stock and revise our rating. After revisiting the stock, we continue to remain bullish as the mispricing persists and valuation fails to incorporate the long-term growth potential of the stock. However, valuation offers favorable risk-reward metrics to enter the stock but does not offer the same extraordinary returns with low risk as before, therefore, we would now reduce the rating from \"very bullish\" to \"bullish\".</p>\n<p>We like Fisker's visionary leadership, competitive product, asset-light business model, and solid partnerships. This article focuses more on updates after our previous coverage, risk reward metrics at current valuation, and strengths that can help expand product portfolio. If you haven’t read our previous article, we highly recommend having a quick look to gain a better understanding of the overall business and strengths.</p>\n<p><b>Business Summary</b></p>\n<p>Fisker Inc. is a California-based EV company focused on designing and developing electric vehicles. Its first vehicle, Fisker Ocean, an electric SUV, is expected to be ready for sale by November 2022. The manufacturing process of Fisker Ocean is outsourced to Magna (MGA) that has an annual capacity to produce 240,000 units. The company went public in October 2020 through a reverse merger with a SPAC. (Source)</p>\n<p><b>What changed since our previous coverage on Fisker?</b></p>\n<p>The company signed an MOU with Foxconn (OTC:FXCOF) in February 2021, which later got converted into an agreementin May 2021. As per the agreement, Foxconn and Fisker will co-develop and manufacture an electric vehicle that would hit the market by Q4 2023 and will be sold under the Fisker brand name in North America, Europe, China, and India. The expected capacity of the vehicle would be 250,000 annually worldwide. The vehicle would be priced under $30,000 and would be a five-seater.</p>\n<p>In the recent&nbsp;stockholders’ annual meeting, Fisker reassured that it was on course to deliver its Fisker Ocean in November 2022. It also reassured that it has sourced majority of parts for its first vehicle, and the cost structure is in line with expectations laid out by the company last year. The company announced its goal to produce a fully climate-neutral vehicle by 2027. It also announced plans to exhibit its Fisker Ocean vehicle at the LA Auto Show in November 2021.</p>\n<p><b>Vision to make the world’s most sustainable vehicles</b></p>\n<p>The company was founded with a vision to build the most sustainable vehicles in the world. So far, the company has been on track with its progress. Fisker Ocean has a solar roof that besides delivering a higher range to the vehicle, also generates a free of cost and greenest form of energy source. The company also uses recycled material within its car. In line with its vision, the company set a goal to produce a fully climate-neutral vehicle by 2027 with net-zero greenhouse gases over its lifetime.</p>\n<p><b>Well-positioned to expand vehicle portfolio</b></p>\n<p>Two major partnerships with international contract manufacturers (Foxconn and Magna) uniquely positioned Fisker to grow its vehicle portfolio and reach its goal of four vehicles by 2025. The partnerships enable it to make vehicle design and development the center of attention for the company, have an asset-light business model, build confidence among top suppliers, and enhance negotiation capabilities with suppliers.</p>\n<p>In collaboration with Fisker, Magna will also&nbsp;develop a new ADAS feature&nbsp;that includes digital-imaging radar technology. The technology would be coming with Fisker Ocean initially and can be levered to all the upcoming models of Fisker and will play a material role in differentiating Fisker from other automotive manufacturers. The company is also expected to have one of the fastest development times for a vehicle of 2.5 years which can be more than 4 years for most of the automotive OEMs.</p>\n<p>We believe that the company is well-positioned to grow its portfolio by leveraging its existing technology, partnerships, and unique asset-light business model. It outsources multiple areas where it believes that differentiation is not important such as manufacturing process, fleet management services, lease financing, other related services, etc. This helps the company focus primarily on product innovation and development, unlike other companies with their hands entirely filled.</p>\n<p><b>More upside potential</b></p>\n<p>As we discussed in a previous report, the Foxconn deal alone can generate $3.75Bn+ annually in revenue (after 3 to 5 years). Similarly, based on conservative estimates of 50,000 Fisker Ocean vehicles at an average price of $50K, Fisker can generate $2.5Bn annually starting 2023 from Fisker Ocean. Both combined are still greater than the current market capitalization of $5.5Bn despite a 65%+ price return in the last one month.</p>\n<p>Furthermore, the company can deliver more than 20% growth in the medium-term (after 2025) even after the above two revenue sources are realized. This is because the company can continue to grow by adding more vehicles to its portfolio with the help of an asset-light business model, visionary leadership, and strong partnership.</p>\n<p>The stock can justify its valuation based on estimates of barely two vehicles with a forward P/S ratio (FY3) of less than 1 as per our estimates discussed above. Announcement of the other two vehicles' development as per the company's defined 2025 goal would exponentially boost the company’s outlook and shareholder’s returns.</p>\n<p><b>Risk to Thesis</b></p>\n<p><b>Rising short interest</b></p>\n<p>Short interest has gone up significantly in recent months. Increased pressure from short sellers can push the stock downwards. Besides that, Fisker can also become a victim of short-sellers' attacks due to its lack of revenue and salable product. Short-sellers might publish short-seller reports citing unproven concerns and push the stock downwards for personal gains. This can lead to tarnishing the firm's reputation, which can reduce the ability to secure additional financing, credibility among suppliers, disrupt existing partnerships, as well as impact demand for its vehicles.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9c3ae9e44bb7e2d5ebf034087945deef\" tg-width=\"615\" tg-height=\"355\"><span>Data by YCharts</span></p>\n<p><b>Conclusion</b></p>\n<p>The stock continues to offer immense upside potential at the current valuation based on its growth trajectory. Asset-light business model ensures that equity dilution would be insignificant as capital requirements are lower than other EV startups like Workhorse (WKHS) and Lordstown (RIDE) (that are at the risk of facing liquidity crisis when they enter mass production). Moreover, Fisker has zero balance sheet debt and strong liquidity position of $985Mn to support R&amp;D, CapEx, and Marketing costs. Fisker is still one of the best pure-play EV bets currently in the market despite the recent boom in stock price. We expect the stock to double in the next 2-3 years.</p>\n<p>The stock would also see increased investments and recognition in the near term asit will be added to Russel 3000 index, which can lead to upside potential for stockholders.</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>Fisker: One Of The Best Pure-Play EV Bets</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\">\nFisker: One Of The Best Pure-Play EV Bets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 14:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435102-fisker-stock-fsr-one-of-the-best-pure-play-ev-bets><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nFisker is on track to deliver its first vehicle by November 2022 and in line with the previously laid down cost structure.\nThe finalized Foxconn deal of mass-producing an electric vehicle ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435102-fisker-stock-fsr-one-of-the-best-pure-play-ev-bets\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FSR":"菲斯克"},"source_url":"https://seekingalpha.com/article/4435102-fisker-stock-fsr-one-of-the-best-pure-play-ev-bets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184912441","content_text":"Summary\n\nFisker is on track to deliver its first vehicle by November 2022 and in line with the previously laid down cost structure.\nThe finalized Foxconn deal of mass-producing an electric vehicle justifies the current valuation.\nThe announcement of a climate-neutral vehicle goal by 2027 strengthens the long-term outlook.\nFisker has a robust balance sheet position to support significant investments in product development and innovation.\n\nChesky_W/iStock via Getty Images\nFisker (FSR) is up more than 65% since the publication of our previous article on Fisker last month (Fisker: High Risk, Very High Return) with a “very bullish” rating. Therefore, we believe now was the time to revisit the stock and revise our rating. After revisiting the stock, we continue to remain bullish as the mispricing persists and valuation fails to incorporate the long-term growth potential of the stock. However, valuation offers favorable risk-reward metrics to enter the stock but does not offer the same extraordinary returns with low risk as before, therefore, we would now reduce the rating from \"very bullish\" to \"bullish\".\nWe like Fisker's visionary leadership, competitive product, asset-light business model, and solid partnerships. This article focuses more on updates after our previous coverage, risk reward metrics at current valuation, and strengths that can help expand product portfolio. If you haven’t read our previous article, we highly recommend having a quick look to gain a better understanding of the overall business and strengths.\nBusiness Summary\nFisker Inc. is a California-based EV company focused on designing and developing electric vehicles. Its first vehicle, Fisker Ocean, an electric SUV, is expected to be ready for sale by November 2022. The manufacturing process of Fisker Ocean is outsourced to Magna (MGA) that has an annual capacity to produce 240,000 units. The company went public in October 2020 through a reverse merger with a SPAC. (Source)\nWhat changed since our previous coverage on Fisker?\nThe company signed an MOU with Foxconn (OTC:FXCOF) in February 2021, which later got converted into an agreementin May 2021. As per the agreement, Foxconn and Fisker will co-develop and manufacture an electric vehicle that would hit the market by Q4 2023 and will be sold under the Fisker brand name in North America, Europe, China, and India. The expected capacity of the vehicle would be 250,000 annually worldwide. The vehicle would be priced under $30,000 and would be a five-seater.\nIn the recent stockholders’ annual meeting, Fisker reassured that it was on course to deliver its Fisker Ocean in November 2022. It also reassured that it has sourced majority of parts for its first vehicle, and the cost structure is in line with expectations laid out by the company last year. The company announced its goal to produce a fully climate-neutral vehicle by 2027. It also announced plans to exhibit its Fisker Ocean vehicle at the LA Auto Show in November 2021.\nVision to make the world’s most sustainable vehicles\nThe company was founded with a vision to build the most sustainable vehicles in the world. So far, the company has been on track with its progress. Fisker Ocean has a solar roof that besides delivering a higher range to the vehicle, also generates a free of cost and greenest form of energy source. The company also uses recycled material within its car. In line with its vision, the company set a goal to produce a fully climate-neutral vehicle by 2027 with net-zero greenhouse gases over its lifetime.\nWell-positioned to expand vehicle portfolio\nTwo major partnerships with international contract manufacturers (Foxconn and Magna) uniquely positioned Fisker to grow its vehicle portfolio and reach its goal of four vehicles by 2025. The partnerships enable it to make vehicle design and development the center of attention for the company, have an asset-light business model, build confidence among top suppliers, and enhance negotiation capabilities with suppliers.\nIn collaboration with Fisker, Magna will also develop a new ADAS feature that includes digital-imaging radar technology. The technology would be coming with Fisker Ocean initially and can be levered to all the upcoming models of Fisker and will play a material role in differentiating Fisker from other automotive manufacturers. The company is also expected to have one of the fastest development times for a vehicle of 2.5 years which can be more than 4 years for most of the automotive OEMs.\nWe believe that the company is well-positioned to grow its portfolio by leveraging its existing technology, partnerships, and unique asset-light business model. It outsources multiple areas where it believes that differentiation is not important such as manufacturing process, fleet management services, lease financing, other related services, etc. This helps the company focus primarily on product innovation and development, unlike other companies with their hands entirely filled.\nMore upside potential\nAs we discussed in a previous report, the Foxconn deal alone can generate $3.75Bn+ annually in revenue (after 3 to 5 years). Similarly, based on conservative estimates of 50,000 Fisker Ocean vehicles at an average price of $50K, Fisker can generate $2.5Bn annually starting 2023 from Fisker Ocean. Both combined are still greater than the current market capitalization of $5.5Bn despite a 65%+ price return in the last one month.\nFurthermore, the company can deliver more than 20% growth in the medium-term (after 2025) even after the above two revenue sources are realized. This is because the company can continue to grow by adding more vehicles to its portfolio with the help of an asset-light business model, visionary leadership, and strong partnership.\nThe stock can justify its valuation based on estimates of barely two vehicles with a forward P/S ratio (FY3) of less than 1 as per our estimates discussed above. Announcement of the other two vehicles' development as per the company's defined 2025 goal would exponentially boost the company’s outlook and shareholder’s returns.\nRisk to Thesis\nRising short interest\nShort interest has gone up significantly in recent months. Increased pressure from short sellers can push the stock downwards. Besides that, Fisker can also become a victim of short-sellers' attacks due to its lack of revenue and salable product. Short-sellers might publish short-seller reports citing unproven concerns and push the stock downwards for personal gains. This can lead to tarnishing the firm's reputation, which can reduce the ability to secure additional financing, credibility among suppliers, disrupt existing partnerships, as well as impact demand for its vehicles.\nData by YCharts\nConclusion\nThe stock continues to offer immense upside potential at the current valuation based on its growth trajectory. Asset-light business model ensures that equity dilution would be insignificant as capital requirements are lower than other EV startups like Workhorse (WKHS) and Lordstown (RIDE) (that are at the risk of facing liquidity crisis when they enter mass production). Moreover, Fisker has zero balance sheet debt and strong liquidity position of $985Mn to support R&D, CapEx, and Marketing costs. Fisker is still one of the best pure-play EV bets currently in the market despite the recent boom in stock price. We expect the stock to double in the next 2-3 years.\nThe stock would also see increased investments and recognition in the near term asit will be added to Russel 3000 index, which can lead to upside potential for stockholders.","news_type":1},"isVote":1,"tweetType":1,"viewCount":318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161594970,"gmtCreate":1623933557190,"gmtModify":1703823823796,"author":{"id":"3560160342346625","authorId":"3560160342346625","name":"GuangQi","avatar":"https://static.tigerbbs.com/8fbd001e1d862fb54bf556f9fec008bc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560160342346625","authorIdStr":"3560160342346625"},"themes":[],"htmlText":"TO THE MOOOON","listText":"TO THE MOOOON","text":"TO THE MOOOON","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161594970","repostId":"1193882993","repostType":4,"repost":{"id":"1193882993","kind":"news","pubTimestamp":1623913274,"share":"https://ttm.financial/m/news/1193882993?lang=&edition=fundamental","pubTime":"2021-06-17 15:01","market":"us","language":"en","title":"Sports betting revenue forecast to skyrocket as more states approve","url":"https://stock-news.laohu8.com/highlight/detail?id=1193882993","media":"seekingalpha","summary":"Eilers & Krejcik Gaming is out with a detailedreporton sports betting.\nThe firm notes that single-ga","content":"<ul>\n <li>Eilers &amp; Krejcik Gaming is out with a detailedreporton sports betting.</li>\n <li>The firm notes that single-game sports betting is now legal in 31 states and 56% of the U.S. population resides in a state where betting on games is legal. Another 9 states have sports betting bills pending.</li>\n <li>Total sports betting revenue in the U.S. this year to date is estimated at $1.24B to mark 360% Y/Y growth. Eilers &amp; Krejcik Gaming forecasts revenue of $19.0B if all 50 states legalize sports betting.</li>\n <li>Flutter Entertainment(OTCPK:PDYPY)is the leading sports betting operator in five states (Illinois, Pennsylvania, New Jersey, Virginia and West Virginia) over a trailing three-month period. DraftKings(NASDAQ:DKNG)is leading in Indiana, Iowa and New Hampshire, while BetMGM(NYSE:MGM)is first in Michigan, Colorado and Tennessee. Caesars Entertainment's(NASDAQ:CZR)William Hill leads in Nevada.</li>\n <li>A large list of companies could potentially benefit from legislation pushing in various jurisdictions and sports betting becoming operational on a large scale. Stocks touching the sports betting world include DraftKings (DKNG), FanDuel/Flutter Entertainment (OTCPK:PDYPY), Caesars Entertainment (CZR), Penn National Gaming(NASDAQ:PENN), Wynn Resorts(NASDAQ:WYNN), MGM Resorts (MGM), Entain(OTCPK:GMVHF), Pointsbet(OTCQX:PBTHF), Rush Street Interactive(NYSE:RSI), GAN(NASDAQ:GAN), fuboTV(NYSE:FUBO), Churchill Downs(NASDAQ:CHDN), International Game Technology(NYSE:IGT), Scientific Games(NASDAQ:SGMS), Golden Nugget Online(NASDAQ:GNOG), Skillz(NYSE:SKLZ), Bally's(NYSE:BALY), Golden Matrix Group(OTCPK:GMGI), Bragg Gaming Group(OTCQX:BRGGF), Playtech(OTC:PYTCF), dMY Technology Group (DMYD), Esports Entertainment(NASDAQ:GMBL), IG Acquisition(NASDAQ:IGAC), Boyd Gaming(NYSE:BYD)and the Roundhill Sports Betting &amp; iGaming ETF(NYSEARCA:BETZ).</li>\n <li>Earlier this year:BetMGM highlights huge iGaming and sports betting potential during investor event.</li>\n</ul>","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>Sports betting revenue forecast to skyrocket as more states approve</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\">\nSports betting revenue forecast to skyrocket as more states approve\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 15:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3707001-sports-betting-revenue-forecast-to-skyrocket-as-more-states-approve><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Eilers & Krejcik Gaming is out with a detailedreporton sports betting.\nThe firm notes that single-game sports betting is now legal in 31 states and 56% of the U.S. population resides in a state where ...</p>\n\n<a href=\"https://seekingalpha.com/news/3707001-sports-betting-revenue-forecast-to-skyrocket-as-more-states-approve\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CZR":"凯撒娱乐","WYNN":"永利度假村","PENN":"佩恩国民博彩","DKNG":"DraftKings Inc."},"source_url":"https://seekingalpha.com/news/3707001-sports-betting-revenue-forecast-to-skyrocket-as-more-states-approve","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1193882993","content_text":"Eilers & Krejcik Gaming is out with a detailedreporton sports betting.\nThe firm notes that single-game sports betting is now legal in 31 states and 56% of the U.S. population resides in a state where betting on games is legal. Another 9 states have sports betting bills pending.\nTotal sports betting revenue in the U.S. this year to date is estimated at $1.24B to mark 360% Y/Y growth. Eilers & Krejcik Gaming forecasts revenue of $19.0B if all 50 states legalize sports betting.\nFlutter Entertainment(OTCPK:PDYPY)is the leading sports betting operator in five states (Illinois, Pennsylvania, New Jersey, Virginia and West Virginia) over a trailing three-month period. DraftKings(NASDAQ:DKNG)is leading in Indiana, Iowa and New Hampshire, while BetMGM(NYSE:MGM)is first in Michigan, Colorado and Tennessee. Caesars Entertainment's(NASDAQ:CZR)William Hill leads in Nevada.\nA large list of companies could potentially benefit from legislation pushing in various jurisdictions and sports betting becoming operational on a large scale. Stocks touching the sports betting world include DraftKings (DKNG), FanDuel/Flutter Entertainment (OTCPK:PDYPY), Caesars Entertainment (CZR), Penn National Gaming(NASDAQ:PENN), Wynn Resorts(NASDAQ:WYNN), MGM Resorts (MGM), Entain(OTCPK:GMVHF), Pointsbet(OTCQX:PBTHF), Rush Street Interactive(NYSE:RSI), GAN(NASDAQ:GAN), fuboTV(NYSE:FUBO), Churchill Downs(NASDAQ:CHDN), International Game Technology(NYSE:IGT), Scientific Games(NASDAQ:SGMS), Golden Nugget Online(NASDAQ:GNOG), Skillz(NYSE:SKLZ), Bally's(NYSE:BALY), Golden Matrix Group(OTCPK:GMGI), Bragg Gaming Group(OTCQX:BRGGF), Playtech(OTC:PYTCF), dMY Technology Group (DMYD), Esports Entertainment(NASDAQ:GMBL), IG Acquisition(NASDAQ:IGAC), Boyd Gaming(NYSE:BYD)and the Roundhill Sports Betting & iGaming ETF(NYSEARCA:BETZ).\nEarlier this year:BetMGM highlights huge iGaming and sports betting potential during investor event.","news_type":1},"isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161595530,"gmtCreate":1623933541520,"gmtModify":1703823823151,"author":{"id":"3560160342346625","authorId":"3560160342346625","name":"GuangQi","avatar":"https://static.tigerbbs.com/8fbd001e1d862fb54bf556f9fec008bc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560160342346625","authorIdStr":"3560160342346625"},"themes":[],"htmlText":"oh that’s insane!","listText":"oh that’s insane!","text":"oh that’s insane!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161595530","repostId":"2143797875","repostType":4,"repost":{"id":"2143797875","kind":"highlight","pubTimestamp":1623916380,"share":"https://ttm.financial/m/news/2143797875?lang=&edition=fundamental","pubTime":"2021-06-17 15:53","market":"us","language":"en","title":"Up 190% in a Year, Is Shift4 Payments Stock a Buy?","url":"https://stock-news.laohu8.com/highlight/detail?id=2143797875","media":"Motley Fool","summary":"This hospitality-industry payments specialist could be a great bet on a reopening economy.","content":"<p><b>Shift4 Payments </b>(NYSE:FOUR) has been a wild success since its initial public offering in June 2020. As of this writing, shares are up nearly 190% since their debut -- an impressive feat considering this digital payments company's niches are restaurants and hospitality, industries deeply affected by the pandemic.</p>\n<p>But those areas of the economy are making a comeback, and Shift4 is, too. There's plenty of optimism baked into the company's current valuation, but this emerging digital payments leader is nonetheless worth a look.</p>\n<h2>Not (quite) firing on all cylinders</h2>\n<p>On the surface, it appeared Shift4 had a pretty good first quarter of 2021. Total payment volume was up 30% year over year to $8 billion, lapping the first two months of pre-pandemic 2020 when payment volume notched more than 50% growth from 2019. As a result, revenue (less card-network transaction fees) was up 23% to $97.5 million.</p>\n<p>But here's the rub: Though Shift4 is back in growth mode, many of its customers in the restaurant and hospitality industry aren't back to normal yet. In fact, just the opposite. During the first few months of the year, management commented that many users of its payment system were still suffering because of occupancy restrictions and were well below peak transaction levels from a couple of years ago.</p>\n<p>One multi-location specialty retailer closed its doors, and CEO Jared Isaacman said the sudden closure affected Shift4's adjusted EBITDA by $5.2 million during the period. For the record, total adjusted EBITDA was positive $22.2 million in the first quarter.</p>\n<p>So how is Shift4 back in growth mode? It's picking up lots of new customers in its key markets, and has begun to expand into new ones as well. Its simplified payment-acceptance solutions are resonating with restaurateurs, hotel operators, and other specialty venues (like the new concessions and retail customer Petco Field in San Diego, home of the Padres professional baseball team).</p>\n<p>Shift4's acquisition last autumn of 3dcart (now Shift4Shop), a provider of online-store management software, is also doing well. Shift4Shop competes with offerings from the likes of <b>Shopify </b>(NYSE:SHOP) and <b>Wix.com </b>(NASDAQ:WIX), and is more than holding its own. At the time of purchase, there were 14,000 stores using 3dcart, and Shift4 has added over 21,000 more since then.</p>\n<p>This underscores the brewing rebound that has sent Shift4 stock higher in its first year as a publicly traded company. New customers are helping it stay in growth mode, and existing customers are only just beginning to recover from pandemic effects. Isaacson and company thus upgraded full-year 2021 guidance, calling for total payment volume of at least $44 billion (up 81% from 2020), revenue less network fees of at least $480 million (up 49%), and adjusted EBITDA of at least $165 million (up 88%).</p>\n<h2>Is it too late to buy this post-pandemic play?</h2>\n<p>As of the end of March, Shift4 had $845 million in cash and equivalents and another $16 million in investment securities, offset by total debt of $1.12 billion. It isn't the strongest balance sheet in the digital payments space, but this small company is nevertheless in good shape to continue its aggressive expansion. Free cash flow (excluding acquisitions) was still in the red during the first quarter at negative $21.8 million, but business is headed in the right direction again as the economy gradually reopens.</p>\n<p>Shift4's current market cap is $7.8 billion, valuing the business at 16 times expected 2021 revenue (less network fees) and 47 times expected adjusted EBITDA. Cheap growth stock? Not exactly, especially not after the stock's 190% run over the last year has priced in the Shift4 business rally already. To really keep the momentum going, the company will need to prove that it can keep carving out a niche for itself in its targeted specialty-retail corner of the payments universe beyond 2021 and into 2022.</p>\n<p>Nevertheless, this fintech stock has proved itself resilient since the IPO last summer and has a promising growth story in the years ahead as businesses navigate a post-pandemic digital-first world. I'm personally not buying right at the moment, but shares are on my \"reopening economy stocks\" watch list after the first-quarter 2021 update.</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>Up 190% in a Year, Is Shift4 Payments Stock a Buy?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUp 190% in a Year, Is Shift4 Payments Stock a Buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 15:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/16/up-190-in-a-year-is-shift4-payments-stock-a-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shift4 Payments (NYSE:FOUR) has been a wild success since its initial public offering in June 2020. As of this writing, shares are up nearly 190% since their debut -- an impressive feat considering ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/16/up-190-in-a-year-is-shift4-payments-stock-a-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FOUR":"Shift4 Payments, Inc."},"source_url":"https://www.fool.com/investing/2021/06/16/up-190-in-a-year-is-shift4-payments-stock-a-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143797875","content_text":"Shift4 Payments (NYSE:FOUR) has been a wild success since its initial public offering in June 2020. As of this writing, shares are up nearly 190% since their debut -- an impressive feat considering this digital payments company's niches are restaurants and hospitality, industries deeply affected by the pandemic.\nBut those areas of the economy are making a comeback, and Shift4 is, too. There's plenty of optimism baked into the company's current valuation, but this emerging digital payments leader is nonetheless worth a look.\nNot (quite) firing on all cylinders\nOn the surface, it appeared Shift4 had a pretty good first quarter of 2021. Total payment volume was up 30% year over year to $8 billion, lapping the first two months of pre-pandemic 2020 when payment volume notched more than 50% growth from 2019. As a result, revenue (less card-network transaction fees) was up 23% to $97.5 million.\nBut here's the rub: Though Shift4 is back in growth mode, many of its customers in the restaurant and hospitality industry aren't back to normal yet. In fact, just the opposite. During the first few months of the year, management commented that many users of its payment system were still suffering because of occupancy restrictions and were well below peak transaction levels from a couple of years ago.\nOne multi-location specialty retailer closed its doors, and CEO Jared Isaacman said the sudden closure affected Shift4's adjusted EBITDA by $5.2 million during the period. For the record, total adjusted EBITDA was positive $22.2 million in the first quarter.\nSo how is Shift4 back in growth mode? It's picking up lots of new customers in its key markets, and has begun to expand into new ones as well. Its simplified payment-acceptance solutions are resonating with restaurateurs, hotel operators, and other specialty venues (like the new concessions and retail customer Petco Field in San Diego, home of the Padres professional baseball team).\nShift4's acquisition last autumn of 3dcart (now Shift4Shop), a provider of online-store management software, is also doing well. Shift4Shop competes with offerings from the likes of Shopify (NYSE:SHOP) and Wix.com (NASDAQ:WIX), and is more than holding its own. At the time of purchase, there were 14,000 stores using 3dcart, and Shift4 has added over 21,000 more since then.\nThis underscores the brewing rebound that has sent Shift4 stock higher in its first year as a publicly traded company. New customers are helping it stay in growth mode, and existing customers are only just beginning to recover from pandemic effects. Isaacson and company thus upgraded full-year 2021 guidance, calling for total payment volume of at least $44 billion (up 81% from 2020), revenue less network fees of at least $480 million (up 49%), and adjusted EBITDA of at least $165 million (up 88%).\nIs it too late to buy this post-pandemic play?\nAs of the end of March, Shift4 had $845 million in cash and equivalents and another $16 million in investment securities, offset by total debt of $1.12 billion. It isn't the strongest balance sheet in the digital payments space, but this small company is nevertheless in good shape to continue its aggressive expansion. Free cash flow (excluding acquisitions) was still in the red during the first quarter at negative $21.8 million, but business is headed in the right direction again as the economy gradually reopens.\nShift4's current market cap is $7.8 billion, valuing the business at 16 times expected 2021 revenue (less network fees) and 47 times expected adjusted EBITDA. Cheap growth stock? Not exactly, especially not after the stock's 190% run over the last year has priced in the Shift4 business rally already. To really keep the momentum going, the company will need to prove that it can keep carving out a niche for itself in its targeted specialty-retail corner of the payments universe beyond 2021 and into 2022.\nNevertheless, this fintech stock has proved itself resilient since the IPO last summer and has a promising growth story in the years ahead as businesses navigate a post-pandemic digital-first world. I'm personally not buying right at the moment, but shares are on my \"reopening economy stocks\" watch list after the first-quarter 2021 update.","news_type":1},"isVote":1,"tweetType":1,"viewCount":238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161592000,"gmtCreate":1623933434200,"gmtModify":1703823821045,"author":{"id":"3560160342346625","authorId":"3560160342346625","name":"GuangQi","avatar":"https://static.tigerbbs.com/8fbd001e1d862fb54bf556f9fec008bc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560160342346625","authorIdStr":"3560160342346625"},"themes":[],"htmlText":"hello","listText":"hello","text":"hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161592000","repostId":"2144710563","repostType":4,"isVote":1,"tweetType":1,"viewCount":441,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161596810,"gmtCreate":1623933415230,"gmtModify":1703823820400,"author":{"id":"3560160342346625","authorId":"3560160342346625","name":"GuangQi","avatar":"https://static.tigerbbs.com/8fbd001e1d862fb54bf556f9fec008bc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3560160342346625","authorIdStr":"3560160342346625"},"themes":[],"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161596810","repostId":"2144710250","repostType":4,"repost":{"id":"2144710250","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":1623919243,"share":"https://ttm.financial/m/news/2144710250?lang=&edition=fundamental","pubTime":"2021-06-17 16:40","market":"sh","language":"en","title":"Hawkish Fed fuels dollar, leaves stocks and bonds bruised","url":"https://stock-news.laohu8.com/highlight/detail?id=2144710250","media":"Reuters","summary":"* Fed projects two rate rises in 2023, talks tapering\n* Markets imply risk of first hike by end of 2","content":"<p>* Fed projects two rate rises in 2023, talks tapering</p>\n<p>* Markets imply risk of first hike by end of 2022</p>\n<p>* Bonds sell off hard, dollar surges, gold slides</p>\n<p>* Graphic: Global asset performance</p>\n<p>* Graphic: World FX rates</p>\n<p>LONDON/SYDNEY, June 17 (Reuters) - World equities were heading for their biggest fall in weeks on Thursday after the U.S. Federal Reserve startled investors by signalling it might raise interest rates at a much faster pace than assumed, sending bond yields and the dollar sharply higher.</p>\n<p>The dollar added to what was the strongest <a href=\"https://laohu8.com/S/AONE\">one</a>-day rise in 15 months after the Fed meeting, while Europe's government borrowing costs moved higher after 10-year U.S. Treasury yields rose by their most since early March.</p>\n<p>Europe's STOXX 600 snapped a 9-day winning streak - its longest since 2017 - with a 0.3% early dip. Asia-Pacific shares were closing down around 0.7% , while Wall Street futures pointed to a modest 0.4% drop.</p>\n<p>The Fed forecasts showed 13 of the 18 person policy board saw rates rising in 2023 versus only six previously, while seven tipped a first move in 2022.</p>\n<p>\"The new Fed 'dot plot' indicating that the median FOMC member now forecasts two Fed rate hikes in 2023, versus none in the March iteration, represented the hawkish surprise out of the June Fed meeting,\" said Ray Attrill, head of FX strategy at NAB.</p>\n<p>While these 'dot plots' are not commitments and have a poor track record of predicting rates, the sudden shift was a shock.</p>\n<p>The Fed also signalled it would now be considering whether to 'taper' its $120 billion-a-month asset purchase programme meeting by meeting and downgraded the risk from the pandemic given progress with vaccinations.</p>\n<p>JPMorgan analysts noted Fed Chair Jerome Powell had not been as aggressive in his media conference. He had described it as a \"talking about talking about meeting,\" a glib reference to his protestations earlier this year that the Fed was not even \"talking about talking about\" tighter policy.</p>\n<p>\"It appears that faster progress toward reopening and higher inflation surprises revealed some hawks on the FOMC, but we suspect that leadership is predominantly anchored at zero or <a href=\"https://laohu8.com/S/AONE.U\">one</a> hike in 2023,\" JPMorgan said, sticking with a prediction for tapering to start early next year.</p>\n<p>Markets moved quickly to price in the risk of earlier action and Fed fund futures shifted to imply a first hike by the end of 2022. Yields on 10-year bonds shot up almost nine basis points to 1.57%.</p>\n<p>ALL RISE</p>\n<p>The dollar also broke out of recent tight ranges. It had risen 0.9% on Wednesday against a basket of currencies to 91.387</p>\n<p>for its biggest gain since March last year and set a two-month high in early European trading.</p>\n<p>Powell's hawkish turn prompted both Goldman Sachs and Deutsche Bank to abandon their calls that the U.S. currency would weaken against the euro, although others were not so sure.</p>\n<p>Agnès Belaisch, Chief European Strategist of the Barings Investment Institute, said the fact that the Fed was not going to lift rates any time soon was good for world growth and that FX markets would therefore get over Wednesday's shift.</p>\n<p>\"He (Powell) said they wouldn't do anything for the next two years, so it's a shock but wrapped in good news,\" Belaisch said.</p>\n<p>\"I think he gave the markets the all-clear to rally\".</p>\n<p>The euro slipped back towards $1.1950 in the European session and the dollar was just shy of its 2021 high against the yen, last buying 110.55 yen .</p>\n<p>The kiwi dollar clawed back about half of its overnight losses after first-quarter growth figures blew past forecasts, and while the Aussie dollar and British pound stabilised emerging market currencies weakened.</p>\n<p>Ahead for currency markets is an interest rate decision from Turkey's central bank due at 1100 GMT, which has the lira on edge . Norway's central bank kept its interest rates at zero, but said a hike will most likely follow in September.</p>\n<p>Elsewhere, the rise in bond yields and the dollar were a double blow for non-yielding gold which was down at $1,810 an ounce after sliding 2.5% overnight.</p>\n<p>Oil prices were insulated by the prospect of stronger world demand and still tight supply, with Brent reaching its highest since April 2019 before running into profit taking and headwinds from the sharply higher dollar.</p>\n<p>Brent was last off 0.3% at $74.15 a barrel, while U.S. crude lost 0.2% as well to trade at $71.98.</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>Hawkish Fed fuels dollar, leaves stocks and bonds bruised</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\">\nHawkish Fed fuels dollar, leaves stocks and bonds bruised\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\">2021-06-17 16:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Fed projects two rate rises in 2023, talks tapering</p>\n<p>* Markets imply risk of first hike by end of 2022</p>\n<p>* Bonds sell off hard, dollar surges, gold slides</p>\n<p>* Graphic: Global asset performance</p>\n<p>* Graphic: World FX rates</p>\n<p>LONDON/SYDNEY, June 17 (Reuters) - World equities were heading for their biggest fall in weeks on Thursday after the U.S. Federal Reserve startled investors by signalling it might raise interest rates at a much faster pace than assumed, sending bond yields and the dollar sharply higher.</p>\n<p>The dollar added to what was the strongest <a href=\"https://laohu8.com/S/AONE\">one</a>-day rise in 15 months after the Fed meeting, while Europe's government borrowing costs moved higher after 10-year U.S. Treasury yields rose by their most since early March.</p>\n<p>Europe's STOXX 600 snapped a 9-day winning streak - its longest since 2017 - with a 0.3% early dip. Asia-Pacific shares were closing down around 0.7% , while Wall Street futures pointed to a modest 0.4% drop.</p>\n<p>The Fed forecasts showed 13 of the 18 person policy board saw rates rising in 2023 versus only six previously, while seven tipped a first move in 2022.</p>\n<p>\"The new Fed 'dot plot' indicating that the median FOMC member now forecasts two Fed rate hikes in 2023, versus none in the March iteration, represented the hawkish surprise out of the June Fed meeting,\" said Ray Attrill, head of FX strategy at NAB.</p>\n<p>While these 'dot plots' are not commitments and have a poor track record of predicting rates, the sudden shift was a shock.</p>\n<p>The Fed also signalled it would now be considering whether to 'taper' its $120 billion-a-month asset purchase programme meeting by meeting and downgraded the risk from the pandemic given progress with vaccinations.</p>\n<p>JPMorgan analysts noted Fed Chair Jerome Powell had not been as aggressive in his media conference. He had described it as a \"talking about talking about meeting,\" a glib reference to his protestations earlier this year that the Fed was not even \"talking about talking about\" tighter policy.</p>\n<p>\"It appears that faster progress toward reopening and higher inflation surprises revealed some hawks on the FOMC, but we suspect that leadership is predominantly anchored at zero or <a href=\"https://laohu8.com/S/AONE.U\">one</a> hike in 2023,\" JPMorgan said, sticking with a prediction for tapering to start early next year.</p>\n<p>Markets moved quickly to price in the risk of earlier action and Fed fund futures shifted to imply a first hike by the end of 2022. Yields on 10-year bonds shot up almost nine basis points to 1.57%.</p>\n<p>ALL RISE</p>\n<p>The dollar also broke out of recent tight ranges. It had risen 0.9% on Wednesday against a basket of currencies to 91.387</p>\n<p>for its biggest gain since March last year and set a two-month high in early European trading.</p>\n<p>Powell's hawkish turn prompted both Goldman Sachs and Deutsche Bank to abandon their calls that the U.S. currency would weaken against the euro, although others were not so sure.</p>\n<p>Agnès Belaisch, Chief European Strategist of the Barings Investment Institute, said the fact that the Fed was not going to lift rates any time soon was good for world growth and that FX markets would therefore get over Wednesday's shift.</p>\n<p>\"He (Powell) said they wouldn't do anything for the next two years, so it's a shock but wrapped in good news,\" Belaisch said.</p>\n<p>\"I think he gave the markets the all-clear to rally\".</p>\n<p>The euro slipped back towards $1.1950 in the European session and the dollar was just shy of its 2021 high against the yen, last buying 110.55 yen .</p>\n<p>The kiwi dollar clawed back about half of its overnight losses after first-quarter growth figures blew past forecasts, and while the Aussie dollar and British pound stabilised emerging market currencies weakened.</p>\n<p>Ahead for currency markets is an interest rate decision from Turkey's central bank due at 1100 GMT, which has the lira on edge . Norway's central bank kept its interest rates at zero, but said a hike will most likely follow in September.</p>\n<p>Elsewhere, the rise in bond yields and the dollar were a double blow for non-yielding gold which was down at $1,810 an ounce after sliding 2.5% overnight.</p>\n<p>Oil prices were insulated by the prospect of stronger world demand and still tight supply, with Brent reaching its highest since April 2019 before running into profit taking and headwinds from the sharply higher dollar.</p>\n<p>Brent was last off 0.3% at $74.15 a barrel, while U.S. crude lost 0.2% as well to trade at $71.98.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SCO":"二倍做空彭博原油指数ETF","EUO":"欧元ETF-ProShares两倍做空","FXE":"欧元做多ETF-CurrencyShares","DWT":"三倍做空原油ETN","FXY":"日元ETF-CurrencyShares","USO":"美国原油ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","DDG":"ProShares做空石油与天然气ETF","YCS":"日元ETF-ProShares两倍做空","UCO":"二倍做多彭博原油ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144710250","content_text":"* Fed projects two rate rises in 2023, talks tapering\n* Markets imply risk of first hike by end of 2022\n* Bonds sell off hard, dollar surges, gold slides\n* Graphic: Global asset performance\n* Graphic: World FX rates\nLONDON/SYDNEY, June 17 (Reuters) - World equities were heading for their biggest fall in weeks on Thursday after the U.S. Federal Reserve startled investors by signalling it might raise interest rates at a much faster pace than assumed, sending bond yields and the dollar sharply higher.\nThe dollar added to what was the strongest one-day rise in 15 months after the Fed meeting, while Europe's government borrowing costs moved higher after 10-year U.S. Treasury yields rose by their most since early March.\nEurope's STOXX 600 snapped a 9-day winning streak - its longest since 2017 - with a 0.3% early dip. Asia-Pacific shares were closing down around 0.7% , while Wall Street futures pointed to a modest 0.4% drop.\nThe Fed forecasts showed 13 of the 18 person policy board saw rates rising in 2023 versus only six previously, while seven tipped a first move in 2022.\n\"The new Fed 'dot plot' indicating that the median FOMC member now forecasts two Fed rate hikes in 2023, versus none in the March iteration, represented the hawkish surprise out of the June Fed meeting,\" said Ray Attrill, head of FX strategy at NAB.\nWhile these 'dot plots' are not commitments and have a poor track record of predicting rates, the sudden shift was a shock.\nThe Fed also signalled it would now be considering whether to 'taper' its $120 billion-a-month asset purchase programme meeting by meeting and downgraded the risk from the pandemic given progress with vaccinations.\nJPMorgan analysts noted Fed Chair Jerome Powell had not been as aggressive in his media conference. He had described it as a \"talking about talking about meeting,\" a glib reference to his protestations earlier this year that the Fed was not even \"talking about talking about\" tighter policy.\n\"It appears that faster progress toward reopening and higher inflation surprises revealed some hawks on the FOMC, but we suspect that leadership is predominantly anchored at zero or one hike in 2023,\" JPMorgan said, sticking with a prediction for tapering to start early next year.\nMarkets moved quickly to price in the risk of earlier action and Fed fund futures shifted to imply a first hike by the end of 2022. Yields on 10-year bonds shot up almost nine basis points to 1.57%.\nALL RISE\nThe dollar also broke out of recent tight ranges. It had risen 0.9% on Wednesday against a basket of currencies to 91.387\nfor its biggest gain since March last year and set a two-month high in early European trading.\nPowell's hawkish turn prompted both Goldman Sachs and Deutsche Bank to abandon their calls that the U.S. currency would weaken against the euro, although others were not so sure.\nAgnès Belaisch, Chief European Strategist of the Barings Investment Institute, said the fact that the Fed was not going to lift rates any time soon was good for world growth and that FX markets would therefore get over Wednesday's shift.\n\"He (Powell) said they wouldn't do anything for the next two years, so it's a shock but wrapped in good news,\" Belaisch said.\n\"I think he gave the markets the all-clear to rally\".\nThe euro slipped back towards $1.1950 in the European session and the dollar was just shy of its 2021 high against the yen, last buying 110.55 yen .\nThe kiwi dollar clawed back about half of its overnight losses after first-quarter growth figures blew past forecasts, and while the Aussie dollar and British pound stabilised emerging market currencies weakened.\nAhead for currency markets is an interest rate decision from Turkey's central bank due at 1100 GMT, which has the lira on edge . Norway's central bank kept its interest rates at zero, but said a hike will most likely follow in September.\nElsewhere, the rise in bond yields and the dollar were a double blow for non-yielding gold which was down at $1,810 an ounce after sliding 2.5% overnight.\nOil prices were insulated by the prospect of stronger world demand and still tight supply, with Brent reaching its highest since April 2019 before running into profit taking and headwinds from the sharply higher dollar.\nBrent was last off 0.3% at $74.15 a barrel, while U.S. crude lost 0.2% as well to trade at $71.98.","news_type":1},"isVote":1,"tweetType":1,"viewCount":230,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}