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2021-12-24

$Skillz Inc(SKLZ)$😀😀buy the dip

2021-08-06

$Arcadia Biosciences(RKDA)$ long long way to go

2021-06-11

Will it up to 50

2021-03-10

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XPeng Shares Have Fallen Far Enough for One Analyst

2021-02-15

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href=\"https://ttm.financial/S/SKLZ\">$Skillz Inc(SKLZ)$</a>😀😀buy the dip","listText":"<a href=\"https://ttm.financial/S/SKLZ\">$Skillz Inc(SKLZ)$</a>😀😀buy the dip","text":"$Skillz Inc(SKLZ)$😀😀buy the dip","images":[{"img":"https://static.itradeup.com/news/e8b02415411bde23270d6aeaadc81ba2","width":"1152","height":"2270"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000730340","isVote":1,"tweetType":1,"viewCount":266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":893649852,"gmtCreate":1628261048776,"gmtModify":1703504222588,"author":{"id":"3561281369980812","authorId":"3561281369980812","name":"黄炻羢3434","avatar":"https://community-static.tradeup.com/news/ef654faf2df8046ea072789b42573fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561281369980812","authorIdStr":"3561281369980812"},"themes":[],"htmlText":"<a 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50","images":[{"img":"https://static.tigerbbs.com/b7f5ad12b9199b4cd17874a6d61b88f1","width":"1080","height":"2240"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188958398","isVote":1,"tweetType":1,"viewCount":340,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":323463304,"gmtCreate":1615368050908,"gmtModify":1704781734665,"author":{"id":"3561281369980812","authorId":"3561281369980812","name":"黄炻羢3434","avatar":"https://community-static.tradeup.com/news/ef654faf2df8046ea072789b42573fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561281369980812","authorIdStr":"3561281369980812"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323463304","repostId":"1151478477","repostType":4,"repost":{"id":"1151478477","kind":"news","pubTimestamp":1615367831,"share":"https://ttm.financial/m/news/1151478477?lang=&edition=fundamental","pubTime":"2021-03-10 17:17","market":"us","language":"en","title":"XPeng Shares Have Fallen Far Enough for One Analyst","url":"https://stock-news.laohu8.com/highlight/detail?id=1151478477","media":"Barrons","summary":"American depositary receipts of Chinese electric-vehicle maker XPeng has had a rough ride lately. Butrecent declinesare an opportunity according to one analyst who says Buy the ADRs now.Daiwa analyst Kelvin Lau double-upgraded Xpeng  to Buy from Sell Tuesday. Typically, analysts move one notch at a time going, for instance, from Sell to Hold and then to Buy.Coming into Tuesday, XPeng ADRs were down about 23% over the past two weeks, for a year-to-date loss of 35%. The market hasn’t been kind to ","content":"<p>American depositary receipts of Chinese&nbsp;electric-vehicle&nbsp;maker&nbsp;XPeng&nbsp;has had a rough ride lately. Butrecent declinesare an opportunity according to one analyst who says Buy the ADRs now.</p>\n<p>Daiwa analyst&nbsp;Kelvin Lau&nbsp;double-upgraded Xpeng (ticker: XPEV) to Buy from Sell Tuesday. Typically, analysts move one notch at a time going, for instance, from Sell to Hold and then to Buy.</p>\n<p>Despite the much more bullish take, Lau barely had to move hisprice target. It went to $34 from $32, up only about 6%. The reason for his call appears to be more about recent market action than aboutcompany-specificdevelopments.</p>\n<p>Coming into Tuesday, XPeng ADRs were down about 23% over the past two weeks, for a year-to-date loss of 35%. The market hasn’t been kind to EV investors lately.Tesla&nbsp;(TSLA) stock was also down more than 20% over the past two weeks, coming into Tuesday trading.</p>\n<p>One reason for recent declines is that XPeng, and other Chinese EV makers, delivered fewer cars in February than in January, spooking investors. But February is the time of the Lunar New Year holiday, when sales of big-ticket items is often put on hold.XPeng managementtells<i>Barron’s</i>there is a two-week period in the month where it is essentially impossible to register a new car, as purchasing stops.</p>\n<p>The bigger factor than deliveries, however, is fear of inflation. Higher inflation means higher interest rates, which are problematic for richly valued, high-growth stocks in two ways. First, a rise in rates makes funding growth more expensive. Second, high-growth companies generate most of their cash flow and potential dividends far in the future. That cash flow is relatively less attractive as investors can earn more interest right now.</p>\n<p>XPeng ADRs qualify as high-growth shares. Analysts expect sales to grow roughly 150% year over year in 2021.</p>\n<p>The upgrade is good news, but inflation fears will continue to affect XPeng ADRs for a while. That makes Wednesday’s inflation data a little higher stakes than usual. Economists expect prices—excluding food and energy—to be 0.2% higher in February compared with January. (Economists focus on inflation excluding food and energy to avoid commodity-price swings in the numbers.)</p>\n<p>XPeng ADRs are up about 11% on&nbsp;Tuesday. The upgrade helps. So does the bounce in tech stocks. The&nbsp;Nasdaq Composite,home to many high-growth stocks, is up 3%, bouncing back after its recent selloff. The&nbsp;S&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Averageare up about 1% and 0.1%, respectively.</p>\n<p>With the upgrade, about 85% of analysts covering XPeng ADRs rate them at Buy. About 75% of analysts coveringLi Auto(LI), for comparison, rate those ADRs at Buy. More than 60% rateNIO(NIO)ADRs at Buy, which is theaverageBuy-rating ratio for stocks in the Dow.</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>XPeng Shares Have Fallen Far Enough for One Analyst</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\">\nXPeng Shares Have Fallen Far Enough for One Analyst\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 17:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/xpeng-shares-have-fallen-far-enough-for-one-analyst-51615305626?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>American depositary receipts of Chinese electric-vehicle maker XPeng has had a rough ride lately. Butrecent declinesare an opportunity according to one analyst who says Buy the ADRs now.\nDaiwa analyst...</p>\n\n<a href=\"https://www.barrons.com/articles/xpeng-shares-have-fallen-far-enough-for-one-analyst-51615305626?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车"},"source_url":"https://www.barrons.com/articles/xpeng-shares-have-fallen-far-enough-for-one-analyst-51615305626?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151478477","content_text":"American depositary receipts of Chinese electric-vehicle maker XPeng has had a rough ride lately. Butrecent declinesare an opportunity according to one analyst who says Buy the ADRs now.\nDaiwa analyst Kelvin Lau double-upgraded Xpeng (ticker: XPEV) to Buy from Sell Tuesday. Typically, analysts move one notch at a time going, for instance, from Sell to Hold and then to Buy.\nDespite the much more bullish take, Lau barely had to move hisprice target. It went to $34 from $32, up only about 6%. The reason for his call appears to be more about recent market action than aboutcompany-specificdevelopments.\nComing into Tuesday, XPeng ADRs were down about 23% over the past two weeks, for a year-to-date loss of 35%. The market hasn’t been kind to EV investors lately.Tesla (TSLA) stock was also down more than 20% over the past two weeks, coming into Tuesday trading.\nOne reason for recent declines is that XPeng, and other Chinese EV makers, delivered fewer cars in February than in January, spooking investors. But February is the time of the Lunar New Year holiday, when sales of big-ticket items is often put on hold.XPeng managementtellsBarron’sthere is a two-week period in the month where it is essentially impossible to register a new car, as purchasing stops.\nThe bigger factor than deliveries, however, is fear of inflation. Higher inflation means higher interest rates, which are problematic for richly valued, high-growth stocks in two ways. First, a rise in rates makes funding growth more expensive. Second, high-growth companies generate most of their cash flow and potential dividends far in the future. That cash flow is relatively less attractive as investors can earn more interest right now.\nXPeng ADRs qualify as high-growth shares. Analysts expect sales to grow roughly 150% year over year in 2021.\nThe upgrade is good news, but inflation fears will continue to affect XPeng ADRs for a while. That makes Wednesday’s inflation data a little higher stakes than usual. Economists expect prices—excluding food and energy—to be 0.2% higher in February compared with January. (Economists focus on inflation excluding food and energy to avoid commodity-price swings in the numbers.)\nXPeng ADRs are up about 11% on Tuesday. The upgrade helps. So does the bounce in tech stocks. The Nasdaq Composite,home to many high-growth stocks, is up 3%, bouncing back after its recent selloff. The S&P 500 and Dow Jones Industrial Averageare up about 1% and 0.1%, respectively.\nWith the upgrade, about 85% of analysts covering XPeng ADRs rate them at Buy. About 75% of analysts coveringLi Auto(LI), for comparison, rate those ADRs at Buy. More than 60% rateNIO(NIO)ADRs at Buy, which is theaverageBuy-rating ratio for stocks in the Dow.","news_type":1},"isVote":1,"tweetType":1,"viewCount":246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382143937,"gmtCreate":1613395782529,"gmtModify":1704880271187,"author":{"id":"3561281369980812","authorId":"3561281369980812","name":"黄炻羢3434","avatar":"https://community-static.tradeup.com/news/ef654faf2df8046ea072789b42573fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561281369980812","authorIdStr":"3561281369980812"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382143937","repostId":"2111009343","repostType":2,"repost":{"id":"2111009343","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":1613391330,"share":"https://ttm.financial/m/news/2111009343?lang=&edition=fundamental","pubTime":"2021-02-15 20:15","market":"us","language":"en","title":"LIVE MARKETS-European vol in kissing distance of pre-pandemic lows","url":"https://stock-news.laohu8.com/highlight/detail?id=2111009343","media":"Reuters","summary":"* European shares up 1%   * Cyclicals lead sectoral gainers   * Vivendi surges on UMG listing plans ","content":"<html><body><p>* European shares up 1%</p><p>   * Cyclicals lead sectoral gainers</p><p>   * Vivendi surges on UMG listing plans</p><p>   * Wall Street, China closed for holiday</p><p>    Feb 15 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com</p><p>   EUROPEAN VOL IN KISSING DISTANCE OF PANDEMIC LOWS (1215 GMT)</p><p>   European volatility is getting very close to its lowest levels since the pandemic hit the old continent. </p><p>   The EURO STOXX 50 Volatility index has briefly hit 19.6 this Monday, just in kissing distance of 19.4, which is the lowest it</p><p>managed to go down to since March 2020. </p><p>   As you can see below, European volatility has only tested sub 20 levels a handful of times in the past 12 months.</p><p>   It must be noted that the trend isn't that surprising given that Wall Street's own gauge of fear the VIX, has also cooled off and closed at its lowest level since February 2020: </p><p>   (Julien Ponthus) </p><p>   *****</p><p>   EUROPEAN BUBBLES, WHERE ARE YOU? (1107 GMT) </p><p>   There's been many bubble alarm bells ringing across a range of assets, from hydrogen to cannabis stocks and of course crypto currencies just to name a few. </p><p>   And while there's been a bit of action in Europe, it was mainly in Frankfurt where Gamestock, Tilray and other U.S. stocks have a listing.</p><p>   Europe, unlike Asia or Wall Street is still below record highs and in terms of bubbles, there seemingly isn't that much going on. </p><p>   that note, Saxo has just updated its bubble stocks basket and out of the 40 stocks selected, there isn't <a href=\"https://laohu8.com/S/AONE\">one</a> in Europe out of a pool that includes North America, Western Europe, Japan, Hong Kong, Singapore, and Australia.</p><p>   Saxo took the top 40 markets caps which have a negative 12-month forward expected earnings per share and a 12-month forward EV/Sales above 8. </p><p>   Talking about bubbles, interesting though from Berenberg's Stubbs: \"for bubbles to burst, we need to find a pin; otherwise prices can rise further still in 2021\".  </p><p>   Here's Saxo's list: </p><p>    (Julien Ponthus) </p><p>   *****</p><p>   TOP OVER/UNDERWEIGHT STOCKS BY FUND MANAGERS (1035 GMT) </p><p>   What are most overweight and underweight stocks by active fund managers across all regions?</p><p>   UBS analysts crunched some numbers, namely the institutional ownership data provided by FactSet, and answered the question forming an “active trading portfolio” by aggregating positions across global active managers.</p><p>   They basically sum up all the holdings across active managers and calculate “weights of stocks in this active trading portfolio,” they explain in a research note.</p><p>   They then compared this weight with the relevant equity index benchmark to form the active weight.</p><p>   Among the top overweight globally there are Prosus   , Tencent   . Among the top underweight Apple   , Amazon.com   , Tesla   . </p><p>   In the tables below the top overweight/underweight globally. The calculation is based on MSCI AC World index universe. Data as of 12 February 2021 close.</p><p>    Below top overweight/underweight shares in Europe.</p><p>   (Stefano Rebaudo)</p><p>   *****</p><p>   CAN STOCKS TOLERATE RISING YIELDS? (0916 GMT)</p><p>   Stocks are once again moving in tandem with bond yields this morning, and that's making investors wonder whether this correlation is eventually going to break down if bonds continue on their downwards path.</p><p>   Strategists at JPMorgan are upbeat and believe stocks can easily absorb a further rise in yields.</p><p>   \"We would not expect the benign stocks-bonds correlation to break down while US 10-year yields are sub 2%, especially if the central banks’ liquidity provision remains ample, and growth backdrop positive,\" strategists at the U.S. bank say.</p><p>   \"We believe that the drivers behind the bond yields' move matter more than their levels. If the bond yields are seen to be going up for the wrong reasons, the correlations could change sooner, but any tapering concerns will not be significant for a while yet, likely not this year,\" they add.</p><p>   Earlier this month Goldman Sachs strategists also looked into the issue, asking themselves what's the level of 10-year yields at which income-oriented investors go back to bonds?</p><p>   \"Different frameworks yield a range of answers, centered around 3%,\" they said. \"3% is the implied price return p.a. of the S&amp;P 500 through 2031 based on its current price to normalized earnings ratio. An equivalent but risk-free yield on bonds would compare favorably,\" they noted.    </p><p>   In the chart you see how S&amp;P 500 dividend and 10-year U.S. bond yields have been converging.    </p><p>   (Danilo Masoni)</p><p>   *****</p><p>   VIVENDI STEALS THE SHOW AT THE OPEN (0842 GMT) </p><p>   It's an overwhelming positive start to the week with only two stocks in the red among the top 50 biggest moves!</p><p>   That said, with a rise of over 20% to a 2002 high, France's Vivendi    is clearly stealing the show after the media group announced it would list Universal Music in Amsterdam and distribute 60% of the capital to its shareholders. </p><p>   Among its shareholders of course is the Bollore holding company, which is also logically surging, up 14% at the moment. </p><p>   That has lifted Europe's media index up nearly 3%.</p><p>   Buoyant commodities and oil prices are also sending miners and oil majors higher in what looks a good day to play the reflation trade. </p><p>   Cyclicals are hot indeed with banks up 1.6% and enjoying the rise in the yield of European sovereign bonds with the Bund crossing the -0.4% line for the first time since September.</p><p>   Overall the pan-European STOXX 600 is up about 0.6% and around 4% of its February 2020 record high. </p><p>   Here you can see how the huge majority of top movers are in the black this morning.      </p><p>   (Julien Ponthus) </p><p>   *****     </p><p>   TIME TO TAKE A BREAK? (0807 GMT) </p><p>   Time for a break? With Wall Street closed for Presidents Day and Chinese markets shut for the Lunar New Year, a good chunk of global financial markets is indeed taking some time off.</p><p>   Probably a good time to step back, given equity markets are cruising on record highs and there are signs of speculative bubbles spreading across asset classes. Analysts at Nomura warn in fact of some \"technical position-trimming\" causing some market weakness towards the end of this week.</p><p>   But notwithstanding doubts about the durability of the 'reflation trades,' they seem to be in the driving seat this morning as vaccine campaigns and hopes of U.S. stimulus beef up commodity and equity prices. Copper is at new eight-year highs, platinum at six-year peaks and oil at its highest in over a year, the last helped up also by Middle East tensions.</p><p>   Yields on Germany's 10-year bonds also rose above -0.4% for the first time since September, after 10-year Treasuries ended last week above 1.20%, back at March 2020 levels.</p><p>   U.S. 10-year inflation expectations too touched their highest since 2014.</p><p>   Finally futures for European stocks, enjoying a better than expected earnings season, are up well above 0.5%.</p><p>   Jitters about speculative bubbles rocking the boat remain however, after the 'Gamestonk' retail mania hit some hedge funds hard and briefly raised the question of systemic risks.</p><p>   There's also some unease with bitcoin testing the $50,000 bar and the frenzy surrounding SPAC shell companies.</p><p>   Talking about which, French investment firm Tikehau Capital is forming <a href=\"https://laohu8.com/S/AONE.U\">one</a> with former UniCredit Chief Executive Jean-Pierre Mustier to target European financial deals.</p><p>    Key developments that should provide more direction to markets on Monday:</p><p>  - Japan Q4 GDP expanded more than expected, thanks to a rebound in overseas demand</p><p>  - UK house prices Right Move</p><p>  - Euro zone finance ministers meet</p><p>  - Flash Q4 German GDP</p><p>   (Julien Ponthus) </p><p>   *****</p><p>   WAKING UP ON THE RIGHT SIDE OF THE BED (0630 GMT) </p><p>   Futures are quite upbeat this morning in Europe, up between 0.6% and 0.9% with commodities sharply on the rise. </p><p>   While China and Hong Kong markets are shut for the Lunar New Year holiday, Asian shares have yet again hit new record highs, with the vaccine rollouts and the U.S. stimulus propping up the mood. </p><p>   On the face of it, this looks like a typical 'reflation trade' day during which cyclicals and value stocks would be  expected to do well.</p><p>   It's also a quiet day on the earnings and the macro fronts and the U.S. bank holiday should keep volumes subdued.   </p><p>   (Julien Ponthus)</p><p>   *****</p><p>    &lt;^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ bund     sqdf     US stock and bond yields     globallyo     underweightg     Europeo     Europeu     saxo     vol     vol    </p><p>   ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^&gt;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLIVE MARKETS-European vol in kissing distance of pre-pandemic lows\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\">2021-02-15 20:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>* European shares up 1%</p><p>   * Cyclicals lead sectoral gainers</p><p>   * Vivendi surges on UMG listing plans</p><p>   * Wall Street, China closed for holiday</p><p>    Feb 15 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com</p><p>   EUROPEAN VOL IN KISSING DISTANCE OF PANDEMIC LOWS (1215 GMT)</p><p>   European volatility is getting very close to its lowest levels since the pandemic hit the old continent. </p><p>   The EURO STOXX 50 Volatility index has briefly hit 19.6 this Monday, just in kissing distance of 19.4, which is the lowest it</p><p>managed to go down to since March 2020. </p><p>   As you can see below, European volatility has only tested sub 20 levels a handful of times in the past 12 months.</p><p>   It must be noted that the trend isn't that surprising given that Wall Street's own gauge of fear the VIX, has also cooled off and closed at its lowest level since February 2020: </p><p>   (Julien Ponthus) </p><p>   *****</p><p>   EUROPEAN BUBBLES, WHERE ARE YOU? (1107 GMT) </p><p>   There's been many bubble alarm bells ringing across a range of assets, from hydrogen to cannabis stocks and of course crypto currencies just to name a few. </p><p>   And while there's been a bit of action in Europe, it was mainly in Frankfurt where Gamestock, Tilray and other U.S. stocks have a listing.</p><p>   Europe, unlike Asia or Wall Street is still below record highs and in terms of bubbles, there seemingly isn't that much going on. </p><p>   that note, Saxo has just updated its bubble stocks basket and out of the 40 stocks selected, there isn't <a href=\"https://laohu8.com/S/AONE\">one</a> in Europe out of a pool that includes North America, Western Europe, Japan, Hong Kong, Singapore, and Australia.</p><p>   Saxo took the top 40 markets caps which have a negative 12-month forward expected earnings per share and a 12-month forward EV/Sales above 8. </p><p>   Talking about bubbles, interesting though from Berenberg's Stubbs: \"for bubbles to burst, we need to find a pin; otherwise prices can rise further still in 2021\".  </p><p>   Here's Saxo's list: </p><p>    (Julien Ponthus) </p><p>   *****</p><p>   TOP OVER/UNDERWEIGHT STOCKS BY FUND MANAGERS (1035 GMT) </p><p>   What are most overweight and underweight stocks by active fund managers across all regions?</p><p>   UBS analysts crunched some numbers, namely the institutional ownership data provided by FactSet, and answered the question forming an “active trading portfolio” by aggregating positions across global active managers.</p><p>   They basically sum up all the holdings across active managers and calculate “weights of stocks in this active trading portfolio,” they explain in a research note.</p><p>   They then compared this weight with the relevant equity index benchmark to form the active weight.</p><p>   Among the top overweight globally there are Prosus   , Tencent   . Among the top underweight Apple   , Amazon.com   , Tesla   . </p><p>   In the tables below the top overweight/underweight globally. The calculation is based on MSCI AC World index universe. Data as of 12 February 2021 close.</p><p>    Below top overweight/underweight shares in Europe.</p><p>   (Stefano Rebaudo)</p><p>   *****</p><p>   CAN STOCKS TOLERATE RISING YIELDS? (0916 GMT)</p><p>   Stocks are once again moving in tandem with bond yields this morning, and that's making investors wonder whether this correlation is eventually going to break down if bonds continue on their downwards path.</p><p>   Strategists at JPMorgan are upbeat and believe stocks can easily absorb a further rise in yields.</p><p>   \"We would not expect the benign stocks-bonds correlation to break down while US 10-year yields are sub 2%, especially if the central banks’ liquidity provision remains ample, and growth backdrop positive,\" strategists at the U.S. bank say.</p><p>   \"We believe that the drivers behind the bond yields' move matter more than their levels. If the bond yields are seen to be going up for the wrong reasons, the correlations could change sooner, but any tapering concerns will not be significant for a while yet, likely not this year,\" they add.</p><p>   Earlier this month Goldman Sachs strategists also looked into the issue, asking themselves what's the level of 10-year yields at which income-oriented investors go back to bonds?</p><p>   \"Different frameworks yield a range of answers, centered around 3%,\" they said. \"3% is the implied price return p.a. of the S&amp;P 500 through 2031 based on its current price to normalized earnings ratio. An equivalent but risk-free yield on bonds would compare favorably,\" they noted.    </p><p>   In the chart you see how S&amp;P 500 dividend and 10-year U.S. bond yields have been converging.    </p><p>   (Danilo Masoni)</p><p>   *****</p><p>   VIVENDI STEALS THE SHOW AT THE OPEN (0842 GMT) </p><p>   It's an overwhelming positive start to the week with only two stocks in the red among the top 50 biggest moves!</p><p>   That said, with a rise of over 20% to a 2002 high, France's Vivendi    is clearly stealing the show after the media group announced it would list Universal Music in Amsterdam and distribute 60% of the capital to its shareholders. </p><p>   Among its shareholders of course is the Bollore holding company, which is also logically surging, up 14% at the moment. </p><p>   That has lifted Europe's media index up nearly 3%.</p><p>   Buoyant commodities and oil prices are also sending miners and oil majors higher in what looks a good day to play the reflation trade. </p><p>   Cyclicals are hot indeed with banks up 1.6% and enjoying the rise in the yield of European sovereign bonds with the Bund crossing the -0.4% line for the first time since September.</p><p>   Overall the pan-European STOXX 600 is up about 0.6% and around 4% of its February 2020 record high. </p><p>   Here you can see how the huge majority of top movers are in the black this morning.      </p><p>   (Julien Ponthus) </p><p>   *****     </p><p>   TIME TO TAKE A BREAK? (0807 GMT) </p><p>   Time for a break? With Wall Street closed for Presidents Day and Chinese markets shut for the Lunar New Year, a good chunk of global financial markets is indeed taking some time off.</p><p>   Probably a good time to step back, given equity markets are cruising on record highs and there are signs of speculative bubbles spreading across asset classes. Analysts at Nomura warn in fact of some \"technical position-trimming\" causing some market weakness towards the end of this week.</p><p>   But notwithstanding doubts about the durability of the 'reflation trades,' they seem to be in the driving seat this morning as vaccine campaigns and hopes of U.S. stimulus beef up commodity and equity prices. Copper is at new eight-year highs, platinum at six-year peaks and oil at its highest in over a year, the last helped up also by Middle East tensions.</p><p>   Yields on Germany's 10-year bonds also rose above -0.4% for the first time since September, after 10-year Treasuries ended last week above 1.20%, back at March 2020 levels.</p><p>   U.S. 10-year inflation expectations too touched their highest since 2014.</p><p>   Finally futures for European stocks, enjoying a better than expected earnings season, are up well above 0.5%.</p><p>   Jitters about speculative bubbles rocking the boat remain however, after the 'Gamestonk' retail mania hit some hedge funds hard and briefly raised the question of systemic risks.</p><p>   There's also some unease with bitcoin testing the $50,000 bar and the frenzy surrounding SPAC shell companies.</p><p>   Talking about which, French investment firm Tikehau Capital is forming <a href=\"https://laohu8.com/S/AONE.U\">one</a> with former UniCredit Chief Executive Jean-Pierre Mustier to target European financial deals.</p><p>    Key developments that should provide more direction to markets on Monday:</p><p>  - Japan Q4 GDP expanded more than expected, thanks to a rebound in overseas demand</p><p>  - UK house prices Right Move</p><p>  - Euro zone finance ministers meet</p><p>  - Flash Q4 German GDP</p><p>   (Julien Ponthus) </p><p>   *****</p><p>   WAKING UP ON THE RIGHT SIDE OF THE BED (0630 GMT) </p><p>   Futures are quite upbeat this morning in Europe, up between 0.6% and 0.9% with commodities sharply on the rise. </p><p>   While China and Hong Kong markets are shut for the Lunar New Year holiday, Asian shares have yet again hit new record highs, with the vaccine rollouts and the U.S. stimulus propping up the mood. </p><p>   On the face of it, this looks like a typical 'reflation trade' day during which cyclicals and value stocks would be  expected to do well.</p><p>   It's also a quiet day on the earnings and the macro fronts and the U.S. bank holiday should keep volumes subdued.   </p><p>   (Julien Ponthus)</p><p>   *****</p><p>    &lt;^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ bund     sqdf     US stock and bond yields     globallyo     underweightg     Europeo     Europeu     saxo     vol     vol    </p><p>   ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^&gt;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","TSLA":"特斯拉","TCEHY":"腾讯控股ADR","UDOW":"道指三倍做多ETF-ProShares",".DJI":"道琼斯","00700":"腾讯控股",".IXIC":"NASDAQ Composite","SQQQ":"纳指三倍做空ETF","QQQ":"纳指100ETF","SDOW":"道指三倍做空ETF-ProShares",".SPX":"S&P 500 Index","AMZN":"亚马逊","03086":"华夏纳指","QNETCN":"纳斯达克中美互联网老虎指数","DXD":"道指两倍做空ETF","QID":"纳指两倍做空ETF","09086":"华夏纳指-U","DJX":"1/100道琼斯","DDM":"道指两倍做多ETF","PSQ":"纳指反向ETF","QLD":"纳指两倍做多ETF","DOG":"道指反向ETF","TQQQ":"纳指三倍做多ETF"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2111009343","content_text":"* European shares up 1%   * Cyclicals lead sectoral gainers   * Vivendi surges on UMG listing plans   * Wall Street, China closed for holiday    Feb 15 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com   EUROPEAN VOL IN KISSING DISTANCE OF PANDEMIC LOWS (1215 GMT)   European volatility is getting very close to its lowest levels since the pandemic hit the old continent.    The EURO STOXX 50 Volatility index has briefly hit 19.6 this Monday, just in kissing distance of 19.4, which is the lowest itmanaged to go down to since March 2020.    As you can see below, European volatility has only tested sub 20 levels a handful of times in the past 12 months.   It must be noted that the trend isn't that surprising given that Wall Street's own gauge of fear the VIX, has also cooled off and closed at its lowest level since February 2020:    (Julien Ponthus)    *****   EUROPEAN BUBBLES, WHERE ARE YOU? (1107 GMT)    There's been many bubble alarm bells ringing across a range of assets, from hydrogen to cannabis stocks and of course crypto currencies just to name a few.    And while there's been a bit of action in Europe, it was mainly in Frankfurt where Gamestock, Tilray and other U.S. stocks have a listing.   Europe, unlike Asia or Wall Street is still below record highs and in terms of bubbles, there seemingly isn't that much going on.    that note, Saxo has just updated its bubble stocks basket and out of the 40 stocks selected, there isn't one in Europe out of a pool that includes North America, Western Europe, Japan, Hong Kong, Singapore, and Australia.   Saxo took the top 40 markets caps which have a negative 12-month forward expected earnings per share and a 12-month forward EV/Sales above 8.    Talking about bubbles, interesting though from Berenberg's Stubbs: \"for bubbles to burst, we need to find a pin; otherwise prices can rise further still in 2021\".     Here's Saxo's list:     (Julien Ponthus)    *****   TOP OVER/UNDERWEIGHT STOCKS BY FUND MANAGERS (1035 GMT)    What are most overweight and underweight stocks by active fund managers across all regions?   UBS analysts crunched some numbers, namely the institutional ownership data provided by FactSet, and answered the question forming an “active trading portfolio” by aggregating positions across global active managers.   They basically sum up all the holdings across active managers and calculate “weights of stocks in this active trading portfolio,” they explain in a research note.   They then compared this weight with the relevant equity index benchmark to form the active weight.   Among the top overweight globally there are Prosus   , Tencent   . Among the top underweight Apple   , Amazon.com   , Tesla   .    In the tables below the top overweight/underweight globally. The calculation is based on MSCI AC World index universe. Data as of 12 February 2021 close.    Below top overweight/underweight shares in Europe.   (Stefano Rebaudo)   *****   CAN STOCKS TOLERATE RISING YIELDS? (0916 GMT)   Stocks are once again moving in tandem with bond yields this morning, and that's making investors wonder whether this correlation is eventually going to break down if bonds continue on their downwards path.   Strategists at JPMorgan are upbeat and believe stocks can easily absorb a further rise in yields.   \"We would not expect the benign stocks-bonds correlation to break down while US 10-year yields are sub 2%, especially if the central banks’ liquidity provision remains ample, and growth backdrop positive,\" strategists at the U.S. bank say.   \"We believe that the drivers behind the bond yields' move matter more than their levels. If the bond yields are seen to be going up for the wrong reasons, the correlations could change sooner, but any tapering concerns will not be significant for a while yet, likely not this year,\" they add.   Earlier this month Goldman Sachs strategists also looked into the issue, asking themselves what's the level of 10-year yields at which income-oriented investors go back to bonds?   \"Different frameworks yield a range of answers, centered around 3%,\" they said. \"3% is the implied price return p.a. of the S&P 500 through 2031 based on its current price to normalized earnings ratio. An equivalent but risk-free yield on bonds would compare favorably,\" they noted.       In the chart you see how S&P 500 dividend and 10-year U.S. bond yields have been converging.       (Danilo Masoni)   *****   VIVENDI STEALS THE SHOW AT THE OPEN (0842 GMT)    It's an overwhelming positive start to the week with only two stocks in the red among the top 50 biggest moves!   That said, with a rise of over 20% to a 2002 high, France's Vivendi    is clearly stealing the show after the media group announced it would list Universal Music in Amsterdam and distribute 60% of the capital to its shareholders.    Among its shareholders of course is the Bollore holding company, which is also logically surging, up 14% at the moment.    That has lifted Europe's media index up nearly 3%.   Buoyant commodities and oil prices are also sending miners and oil majors higher in what looks a good day to play the reflation trade.    Cyclicals are hot indeed with banks up 1.6% and enjoying the rise in the yield of European sovereign bonds with the Bund crossing the -0.4% line for the first time since September.   Overall the pan-European STOXX 600 is up about 0.6% and around 4% of its February 2020 record high.    Here you can see how the huge majority of top movers are in the black this morning.         (Julien Ponthus)    *****        TIME TO TAKE A BREAK? (0807 GMT)    Time for a break? With Wall Street closed for Presidents Day and Chinese markets shut for the Lunar New Year, a good chunk of global financial markets is indeed taking some time off.   Probably a good time to step back, given equity markets are cruising on record highs and there are signs of speculative bubbles spreading across asset classes. Analysts at Nomura warn in fact of some \"technical position-trimming\" causing some market weakness towards the end of this week.   But notwithstanding doubts about the durability of the 'reflation trades,' they seem to be in the driving seat this morning as vaccine campaigns and hopes of U.S. stimulus beef up commodity and equity prices. Copper is at new eight-year highs, platinum at six-year peaks and oil at its highest in over a year, the last helped up also by Middle East tensions.   Yields on Germany's 10-year bonds also rose above -0.4% for the first time since September, after 10-year Treasuries ended last week above 1.20%, back at March 2020 levels.   U.S. 10-year inflation expectations too touched their highest since 2014.   Finally futures for European stocks, enjoying a better than expected earnings season, are up well above 0.5%.   Jitters about speculative bubbles rocking the boat remain however, after the 'Gamestonk' retail mania hit some hedge funds hard and briefly raised the question of systemic risks.   There's also some unease with bitcoin testing the $50,000 bar and the frenzy surrounding SPAC shell companies.   Talking about which, French investment firm Tikehau Capital is forming one with former UniCredit Chief Executive Jean-Pierre Mustier to target European financial deals.    Key developments that should provide more direction to markets on Monday:  - Japan Q4 GDP expanded more than expected, thanks to a rebound in overseas demand  - UK house prices Right Move  - Euro zone finance ministers meet  - Flash Q4 German GDP   (Julien Ponthus)    *****   WAKING UP ON THE RIGHT SIDE OF THE BED (0630 GMT)    Futures are quite upbeat this morning in Europe, up between 0.6% and 0.9% with commodities sharply on the rise.    While China and Hong Kong markets are shut for the Lunar New Year holiday, Asian shares have yet again hit new record highs, with the vaccine rollouts and the U.S. stimulus propping up the mood.    On the face of it, this looks like a typical 'reflation trade' day during which cyclicals and value stocks would be  expected to do well.   It's also a quiet day on the earnings and the macro fronts and the U.S. bank holiday should keep volumes subdued.      (Julien Ponthus)   *****    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ bund     sqdf     US stock and bond yields     globallyo     underweightg     Europeo     Europeu     saxo     vol     vol       ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>","news_type":1},"isVote":1,"tweetType":1,"viewCount":317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382149555,"gmtCreate":1613395714377,"gmtModify":1704880270521,"author":{"id":"3561281369980812","authorId":"3561281369980812","name":"黄炻羢3434","avatar":"https://community-static.tradeup.com/news/ef654faf2df8046ea072789b42573fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561281369980812","authorIdStr":"3561281369980812"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382149555","repostId":"2111009681","repostType":2,"repost":{"id":"2111009681","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":1613393488,"share":"https://ttm.financial/m/news/2111009681?lang=&edition=fundamental","pubTime":"2021-02-15 20:51","market":"us","language":"en","title":"LIVE MARKETS-Bitcoin investors on 50K alert","url":"https://stock-news.laohu8.com/highlight/detail?id=2111009681","media":"Reuters","summary":"* European shares up 1%   * Cyclicals lead sectoral gainers   * Vivendi surges on UMG listing plans ","content":"<html><body><p>* European shares up 1%</p><p>   * Cyclicals lead sectoral gainers</p><p>   * Vivendi surges on UMG listing plans</p><p>   * Wall Street, China closed for holiday</p><p>    Feb 15 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com</p><p>   BITCOIN INVESTORS ON 50K ALERT (1251 GMT)</p><p>   Just nine days after passing the $40,000 mark for the first time this year Bitcoin    has already put investors on alert for another high flying milestone: 50K.</p><p>   Only in October the world's most popular cryptocurrency was worth around 10,000 but it does really look that geological ages have passed since then. </p><p>   Over the weekend it has surged to as much as $49,765 before pulling back slightly. It was last down 0.5% on the day.</p><p>   Tesla's    1.5 billion investment has been a watershed moment but it now seems that big institutions could weigh in too and provide another boost to Bitcoin's 65% year to date rally. </p><p>   <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>'s    investment arm is reportedly weighing whether to add Bitcoin to its list of possible bets and that's adding to the new FOMO feeling surrounding crypto.</p><p>   But the surge to new highs may well look more like a roller- coaster ride, given Bitcoin's often overlooked environmental impact and the high risks of possible regulatory interference.</p><p>   \"Bitcoin and other cryptocurrencies will come under the spotlight from watchdogs like never before and this can be expected to create volatility in the market,\" said from Nigel Green, CEO and founder of deVere Group.</p><p>   To finish off here's a couple of factoids about Bitcoin:</p><p>   * Most price appreciation in 2020 was during U.S. trading hours, unlike 2017 when it was more Asia focused <a href=\"https://laohu8.com/S/MS\">$(MS)$</a></p><p>   * Bitcoin consumes more electricity than the entire annual energy consumption of the Netherlands (Mirabaud)</p><p>    (Danilo Masoni)</p><p>   *****</p><p>   EUROPEAN VOL IN KISSING DISTANCE OF PANDEMIC LOWS (1215 GMT)</p><p>   European volatility is getting very close to its lowest levels since the pandemic hit the old continent. </p><p>   The EURO STOXX 50 Volatility index has briefly hit 19.6 this Monday, just in kissing distance of 19.4, which is the lowest it</p><p>managed to go down to since March 2020. </p><p>   As you can see below, European volatility has only tested sub 20 levels a handful of times in the past 12 months.</p><p>   It must be noted that the trend isn't that surprising given that Wall Street's own gauge of fear the VIX, has also cooled off and closed at its lowest level since February 2020: </p><p>   (Julien Ponthus) </p><p>   *****</p><p>   EUROPEAN BUBBLES, WHERE ARE YOU? (1107 GMT) </p><p>   There's been many bubble alarm bells ringing across a range of assets, from hydrogen to cannabis stocks and of course crypto currencies just to name a few. </p><p>   And while there's been a bit of action in Europe, it was mainly in Frankfurt where Gamestock, Tilray and other U.S. stocks have a listing.</p><p>   Europe, unlike Asia or Wall Street is still below record highs and in terms of bubbles, there seemingly isn't that much going on. </p><p>   that note, Saxo has just updated its bubble stocks basket and out of the 40 stocks selected, there isn't <a href=\"https://laohu8.com/S/AONE\">one</a> in Europe out of a pool that includes North America, Western Europe, Japan, Hong Kong, Singapore, and Australia.</p><p>   Saxo took the top 40 markets caps which have a negative 12-month forward expected earnings per share and a 12-month forward EV/Sales above 8. </p><p>   Talking about bubbles, interesting though from Berenberg's Stubbs: \"for bubbles to burst, we need to find a pin; otherwise prices can rise further still in 2021\".  </p><p>   Here's Saxo's list: </p><p>    (Julien Ponthus) </p><p>   *****</p><p>   TOP OVER/UNDERWEIGHT STOCKS BY FUND MANAGERS (1035 GMT) </p><p>   What are most overweight and underweight stocks by active fund managers across all regions?</p><p>   UBS analysts crunched some numbers, namely the institutional ownership data provided by FactSet, and answered the question forming an “active trading portfolio” by aggregating positions across global active managers.</p><p>   They basically sum up all the holdings across active managers and calculate “weights of stocks in this active trading portfolio,” they explain in a research note.</p><p>   They then compared this weight with the relevant equity index benchmark to form the active weight.</p><p>   Among the top overweight globally there are Prosus   , Tencent   . Among the top underweight Apple   , Amazon.com   , Tesla   . </p><p>   In the tables below the top overweight/underweight globally. The calculation is based on MSCI AC World index universe. Data as of 12 February 2021 close.</p><p>    Below top overweight/underweight shares in Europe.</p><p>   (Stefano Rebaudo)</p><p>   *****</p><p>   CAN STOCKS TOLERATE RISING YIELDS? (0916 GMT)</p><p>   Stocks are once again moving in tandem with bond yields this morning, and that's making investors wonder whether this correlation is eventually going to break down if bonds continue on their downwards path.</p><p>   Strategists at JPMorgan are upbeat and believe stocks can easily absorb a further rise in yields.</p><p>   \"We would not expect the benign stocks-bonds correlation to break down while US 10-year yields are sub 2%, especially if the central banks’ liquidity provision remains ample, and growth backdrop positive,\" strategists at the U.S. bank say.</p><p>   \"We believe that the drivers behind the bond yields' move matter more than their levels. If the bond yields are seen to be going up for the wrong reasons, the correlations could change sooner, but any tapering concerns will not be significant for a while yet, likely not this year,\" they add.</p><p>   Earlier this month Goldman Sachs strategists also looked into the issue, asking themselves what's the level of 10-year yields at which income-oriented investors go back to bonds?</p><p>   \"Different frameworks yield a range of answers, centered around 3%,\" they said. \"3% is the implied price return p.a. of the S&amp;P 500 through 2031 based on its current price to normalized earnings ratio. An equivalent but risk-free yield on bonds would compare favorably,\" they noted.    </p><p>   In the chart you see how S&amp;P 500 dividend and 10-year U.S. bond yields have been converging.    </p><p>   (Danilo Masoni)</p><p>   *****</p><p>   VIVENDI STEALS THE SHOW AT THE OPEN (0842 GMT) </p><p>   It's an overwhelming positive start to the week with only two stocks in the red among the top 50 biggest moves!</p><p>   That said, with a rise of over 20% to a 2002 high, France's Vivendi    is clearly stealing the show after the media group announced it would list Universal Music in Amsterdam and distribute 60% of the capital to its shareholders. </p><p>   Among its shareholders of course is the Bollore holding company, which is also logically surging, up 14% at the moment. </p><p>   That has lifted Europe's media index up nearly 3%.</p><p>   Buoyant commodities and oil prices are also sending miners and oil majors higher in what looks a good day to play the reflation trade. </p><p>   Cyclicals are hot indeed with banks up 1.6% and enjoying the rise in the yield of European sovereign bonds with the Bund crossing the -0.4% line for the first time since September.</p><p>   Overall the pan-European STOXX 600 is up about 0.6% and around 4% of its February 2020 record high. </p><p>   Here you can see how the huge majority of top movers are in the black this morning.      </p><p>   (Julien Ponthus) </p><p>   *****     </p><p>   TIME TO TAKE A BREAK? (0807 GMT) </p><p>   Time for a break? With Wall Street closed for Presidents Day and Chinese markets shut for the Lunar New Year, a good chunk of global financial markets is indeed taking some time off.</p><p>   Probably a good time to step back, given equity markets are cruising on record highs and there are signs of speculative bubbles spreading across asset classes. Analysts at Nomura warn in fact of some \"technical position-trimming\" causing some market weakness towards the end of this week.</p><p>   But notwithstanding doubts about the durability of the 'reflation trades,' they seem to be in the driving seat this morning as vaccine campaigns and hopes of U.S. stimulus beef up commodity and equity prices. Copper is at new eight-year highs, platinum at six-year peaks and oil at its highest in over a year, the last helped up also by Middle East tensions.</p><p>   Yields on Germany's 10-year bonds also rose above -0.4% for the first time since September, after 10-year Treasuries ended last week above 1.20%, back at March 2020 levels.</p><p>   U.S. 10-year inflation expectations too touched their highest since 2014.</p><p>   Finally futures for European stocks, enjoying a better than expected earnings season, are up well above 0.5%.</p><p>   Jitters about speculative bubbles rocking the boat remain however, after the 'Gamestonk' retail mania hit some hedge funds hard and briefly raised the question of systemic risks.</p><p>   There's also some unease with bitcoin testing the $50,000 bar and the frenzy surrounding SPAC shell companies.</p><p>   Talking about which, French investment firm Tikehau Capital is forming <a href=\"https://laohu8.com/S/AONE.U\">one</a> with former UniCredit Chief Executive Jean-Pierre Mustier to target European financial deals.</p><p>    Key developments that should provide more direction to markets on Monday:</p><p>  - Japan Q4 GDP expanded more than expected, thanks to a rebound in overseas demand</p><p>  - UK house prices Right Move</p><p>  - Euro zone finance ministers meet</p><p>  - Flash Q4 German GDP</p><p>   (Julien Ponthus) </p><p>   *****</p><p>   WAKING UP ON THE RIGHT SIDE OF THE BED (0630 GMT) </p><p>   Futures are quite upbeat this morning in Europe, up between 0.6% and 0.9% with commodities sharply on the rise. </p><p>   While China and Hong Kong markets are shut for the Lunar New Year holiday, Asian shares have yet again hit new record highs, with the vaccine rollouts and the U.S. stimulus propping up the mood. </p><p>   On the face of it, this looks like a typical 'reflation trade' day during which cyclicals and value stocks would be  expected to do well.</p><p>   It's also a quiet day on the earnings and the macro fronts and the U.S. bank holiday should keep volumes subdued.   </p><p>   (Julien Ponthus)</p><p>   *****</p><p>    &lt;^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ bund     sqdf     US stock and bond yields     globallyo     underweightg     Europeo     Europeu     saxo     vol     vol     Bitcoin    </p><p>   ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^&gt;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>LIVE MARKETS-Bitcoin investors on 50K alert</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLIVE MARKETS-Bitcoin investors on 50K alert\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\">2021-02-15 20:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>* European shares up 1%</p><p>   * Cyclicals lead sectoral gainers</p><p>   * Vivendi surges on UMG listing plans</p><p>   * Wall Street, China closed for holiday</p><p>    Feb 15 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com</p><p>   BITCOIN INVESTORS ON 50K ALERT (1251 GMT)</p><p>   Just nine days after passing the $40,000 mark for the first time this year Bitcoin    has already put investors on alert for another high flying milestone: 50K.</p><p>   Only in October the world's most popular cryptocurrency was worth around 10,000 but it does really look that geological ages have passed since then. </p><p>   Over the weekend it has surged to as much as $49,765 before pulling back slightly. It was last down 0.5% on the day.</p><p>   Tesla's    1.5 billion investment has been a watershed moment but it now seems that big institutions could weigh in too and provide another boost to Bitcoin's 65% year to date rally. </p><p>   <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>'s    investment arm is reportedly weighing whether to add Bitcoin to its list of possible bets and that's adding to the new FOMO feeling surrounding crypto.</p><p>   But the surge to new highs may well look more like a roller- coaster ride, given Bitcoin's often overlooked environmental impact and the high risks of possible regulatory interference.</p><p>   \"Bitcoin and other cryptocurrencies will come under the spotlight from watchdogs like never before and this can be expected to create volatility in the market,\" said from Nigel Green, CEO and founder of deVere Group.</p><p>   To finish off here's a couple of factoids about Bitcoin:</p><p>   * Most price appreciation in 2020 was during U.S. trading hours, unlike 2017 when it was more Asia focused <a href=\"https://laohu8.com/S/MS\">$(MS)$</a></p><p>   * Bitcoin consumes more electricity than the entire annual energy consumption of the Netherlands (Mirabaud)</p><p>    (Danilo Masoni)</p><p>   *****</p><p>   EUROPEAN VOL IN KISSING DISTANCE OF PANDEMIC LOWS (1215 GMT)</p><p>   European volatility is getting very close to its lowest levels since the pandemic hit the old continent. </p><p>   The EURO STOXX 50 Volatility index has briefly hit 19.6 this Monday, just in kissing distance of 19.4, which is the lowest it</p><p>managed to go down to since March 2020. </p><p>   As you can see below, European volatility has only tested sub 20 levels a handful of times in the past 12 months.</p><p>   It must be noted that the trend isn't that surprising given that Wall Street's own gauge of fear the VIX, has also cooled off and closed at its lowest level since February 2020: </p><p>   (Julien Ponthus) </p><p>   *****</p><p>   EUROPEAN BUBBLES, WHERE ARE YOU? (1107 GMT) </p><p>   There's been many bubble alarm bells ringing across a range of assets, from hydrogen to cannabis stocks and of course crypto currencies just to name a few. </p><p>   And while there's been a bit of action in Europe, it was mainly in Frankfurt where Gamestock, Tilray and other U.S. stocks have a listing.</p><p>   Europe, unlike Asia or Wall Street is still below record highs and in terms of bubbles, there seemingly isn't that much going on. </p><p>   that note, Saxo has just updated its bubble stocks basket and out of the 40 stocks selected, there isn't <a href=\"https://laohu8.com/S/AONE\">one</a> in Europe out of a pool that includes North America, Western Europe, Japan, Hong Kong, Singapore, and Australia.</p><p>   Saxo took the top 40 markets caps which have a negative 12-month forward expected earnings per share and a 12-month forward EV/Sales above 8. </p><p>   Talking about bubbles, interesting though from Berenberg's Stubbs: \"for bubbles to burst, we need to find a pin; otherwise prices can rise further still in 2021\".  </p><p>   Here's Saxo's list: </p><p>    (Julien Ponthus) </p><p>   *****</p><p>   TOP OVER/UNDERWEIGHT STOCKS BY FUND MANAGERS (1035 GMT) </p><p>   What are most overweight and underweight stocks by active fund managers across all regions?</p><p>   UBS analysts crunched some numbers, namely the institutional ownership data provided by FactSet, and answered the question forming an “active trading portfolio” by aggregating positions across global active managers.</p><p>   They basically sum up all the holdings across active managers and calculate “weights of stocks in this active trading portfolio,” they explain in a research note.</p><p>   They then compared this weight with the relevant equity index benchmark to form the active weight.</p><p>   Among the top overweight globally there are Prosus   , Tencent   . Among the top underweight Apple   , Amazon.com   , Tesla   . </p><p>   In the tables below the top overweight/underweight globally. The calculation is based on MSCI AC World index universe. Data as of 12 February 2021 close.</p><p>    Below top overweight/underweight shares in Europe.</p><p>   (Stefano Rebaudo)</p><p>   *****</p><p>   CAN STOCKS TOLERATE RISING YIELDS? (0916 GMT)</p><p>   Stocks are once again moving in tandem with bond yields this morning, and that's making investors wonder whether this correlation is eventually going to break down if bonds continue on their downwards path.</p><p>   Strategists at JPMorgan are upbeat and believe stocks can easily absorb a further rise in yields.</p><p>   \"We would not expect the benign stocks-bonds correlation to break down while US 10-year yields are sub 2%, especially if the central banks’ liquidity provision remains ample, and growth backdrop positive,\" strategists at the U.S. bank say.</p><p>   \"We believe that the drivers behind the bond yields' move matter more than their levels. If the bond yields are seen to be going up for the wrong reasons, the correlations could change sooner, but any tapering concerns will not be significant for a while yet, likely not this year,\" they add.</p><p>   Earlier this month Goldman Sachs strategists also looked into the issue, asking themselves what's the level of 10-year yields at which income-oriented investors go back to bonds?</p><p>   \"Different frameworks yield a range of answers, centered around 3%,\" they said. \"3% is the implied price return p.a. of the S&amp;P 500 through 2031 based on its current price to normalized earnings ratio. An equivalent but risk-free yield on bonds would compare favorably,\" they noted.    </p><p>   In the chart you see how S&amp;P 500 dividend and 10-year U.S. bond yields have been converging.    </p><p>   (Danilo Masoni)</p><p>   *****</p><p>   VIVENDI STEALS THE SHOW AT THE OPEN (0842 GMT) </p><p>   It's an overwhelming positive start to the week with only two stocks in the red among the top 50 biggest moves!</p><p>   That said, with a rise of over 20% to a 2002 high, France's Vivendi    is clearly stealing the show after the media group announced it would list Universal Music in Amsterdam and distribute 60% of the capital to its shareholders. </p><p>   Among its shareholders of course is the Bollore holding company, which is also logically surging, up 14% at the moment. </p><p>   That has lifted Europe's media index up nearly 3%.</p><p>   Buoyant commodities and oil prices are also sending miners and oil majors higher in what looks a good day to play the reflation trade. </p><p>   Cyclicals are hot indeed with banks up 1.6% and enjoying the rise in the yield of European sovereign bonds with the Bund crossing the -0.4% line for the first time since September.</p><p>   Overall the pan-European STOXX 600 is up about 0.6% and around 4% of its February 2020 record high. </p><p>   Here you can see how the huge majority of top movers are in the black this morning.      </p><p>   (Julien Ponthus) </p><p>   *****     </p><p>   TIME TO TAKE A BREAK? (0807 GMT) </p><p>   Time for a break? With Wall Street closed for Presidents Day and Chinese markets shut for the Lunar New Year, a good chunk of global financial markets is indeed taking some time off.</p><p>   Probably a good time to step back, given equity markets are cruising on record highs and there are signs of speculative bubbles spreading across asset classes. Analysts at Nomura warn in fact of some \"technical position-trimming\" causing some market weakness towards the end of this week.</p><p>   But notwithstanding doubts about the durability of the 'reflation trades,' they seem to be in the driving seat this morning as vaccine campaigns and hopes of U.S. stimulus beef up commodity and equity prices. Copper is at new eight-year highs, platinum at six-year peaks and oil at its highest in over a year, the last helped up also by Middle East tensions.</p><p>   Yields on Germany's 10-year bonds also rose above -0.4% for the first time since September, after 10-year Treasuries ended last week above 1.20%, back at March 2020 levels.</p><p>   U.S. 10-year inflation expectations too touched their highest since 2014.</p><p>   Finally futures for European stocks, enjoying a better than expected earnings season, are up well above 0.5%.</p><p>   Jitters about speculative bubbles rocking the boat remain however, after the 'Gamestonk' retail mania hit some hedge funds hard and briefly raised the question of systemic risks.</p><p>   There's also some unease with bitcoin testing the $50,000 bar and the frenzy surrounding SPAC shell companies.</p><p>   Talking about which, French investment firm Tikehau Capital is forming <a href=\"https://laohu8.com/S/AONE.U\">one</a> with former UniCredit Chief Executive Jean-Pierre Mustier to target European financial deals.</p><p>    Key developments that should provide more direction to markets on Monday:</p><p>  - Japan Q4 GDP expanded more than expected, thanks to a rebound in overseas demand</p><p>  - UK house prices Right Move</p><p>  - Euro zone finance ministers meet</p><p>  - Flash Q4 German GDP</p><p>   (Julien Ponthus) </p><p>   *****</p><p>   WAKING UP ON THE RIGHT SIDE OF THE BED (0630 GMT) </p><p>   Futures are quite upbeat this morning in Europe, up between 0.6% and 0.9% with commodities sharply on the rise. </p><p>   While China and Hong Kong markets are shut for the Lunar New Year holiday, Asian shares have yet again hit new record highs, with the vaccine rollouts and the U.S. stimulus propping up the mood. </p><p>   On the face of it, this looks like a typical 'reflation trade' day during which cyclicals and value stocks would be  expected to do well.</p><p>   It's also a quiet day on the earnings and the macro fronts and the U.S. bank holiday should keep volumes subdued.   </p><p>   (Julien Ponthus)</p><p>   *****</p><p>    &lt;^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ bund     sqdf     US stock and bond yields     globallyo     underweightg     Europeo     Europeu     saxo     vol     vol     Bitcoin    </p><p>   ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^&gt;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DJX":"1/100道琼斯","PSQ":"纳指反向ETF","QLD":"纳指两倍做多ETF","DOG":"道指反向ETF","TQQQ":"纳指三倍做多ETF","TSLA":"特斯拉","AAPL":"苹果","AMZN":"亚马逊","UDOW":"道指三倍做多ETF-ProShares",".DJI":"道琼斯","QQQ":"纳指100ETF","SQQQ":"纳指三倍做空ETF",".IXIC":"NASDAQ Composite","SDOW":"道指三倍做空ETF-ProShares",".SPX":"S&P 500 Index","00700":"腾讯控股","03086":"华夏纳指","DXD":"道指两倍做空ETF","QID":"纳指两倍做空ETF","QNETCN":"纳斯达克中美互联网老虎指数","09086":"华夏纳指-U","TCEHY":"腾讯控股ADR","DDM":"道指两倍做多ETF"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2111009681","content_text":"* European shares up 1%   * Cyclicals lead sectoral gainers   * Vivendi surges on UMG listing plans   * Wall Street, China closed for holiday    Feb 15 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com   BITCOIN INVESTORS ON 50K ALERT (1251 GMT)   Just nine days after passing the $40,000 mark for the first time this year Bitcoin    has already put investors on alert for another high flying milestone: 50K.   Only in October the world's most popular cryptocurrency was worth around 10,000 but it does really look that geological ages have passed since then.    Over the weekend it has surged to as much as $49,765 before pulling back slightly. It was last down 0.5% on the day.   Tesla's    1.5 billion investment has been a watershed moment but it now seems that big institutions could weigh in too and provide another boost to Bitcoin's 65% year to date rally.  Morgan Stanley's    investment arm is reportedly weighing whether to add Bitcoin to its list of possible bets and that's adding to the new FOMO feeling surrounding crypto.   But the surge to new highs may well look more like a roller- coaster ride, given Bitcoin's often overlooked environmental impact and the high risks of possible regulatory interference.   \"Bitcoin and other cryptocurrencies will come under the spotlight from watchdogs like never before and this can be expected to create volatility in the market,\" said from Nigel Green, CEO and founder of deVere Group.   To finish off here's a couple of factoids about Bitcoin:   * Most price appreciation in 2020 was during U.S. trading hours, unlike 2017 when it was more Asia focused $(MS)$   * Bitcoin consumes more electricity than the entire annual energy consumption of the Netherlands (Mirabaud)    (Danilo Masoni)   *****   EUROPEAN VOL IN KISSING DISTANCE OF PANDEMIC LOWS (1215 GMT)   European volatility is getting very close to its lowest levels since the pandemic hit the old continent.    The EURO STOXX 50 Volatility index has briefly hit 19.6 this Monday, just in kissing distance of 19.4, which is the lowest itmanaged to go down to since March 2020.    As you can see below, European volatility has only tested sub 20 levels a handful of times in the past 12 months.   It must be noted that the trend isn't that surprising given that Wall Street's own gauge of fear the VIX, has also cooled off and closed at its lowest level since February 2020:    (Julien Ponthus)    *****   EUROPEAN BUBBLES, WHERE ARE YOU? (1107 GMT)    There's been many bubble alarm bells ringing across a range of assets, from hydrogen to cannabis stocks and of course crypto currencies just to name a few.    And while there's been a bit of action in Europe, it was mainly in Frankfurt where Gamestock, Tilray and other U.S. stocks have a listing.   Europe, unlike Asia or Wall Street is still below record highs and in terms of bubbles, there seemingly isn't that much going on.    that note, Saxo has just updated its bubble stocks basket and out of the 40 stocks selected, there isn't one in Europe out of a pool that includes North America, Western Europe, Japan, Hong Kong, Singapore, and Australia.   Saxo took the top 40 markets caps which have a negative 12-month forward expected earnings per share and a 12-month forward EV/Sales above 8.    Talking about bubbles, interesting though from Berenberg's Stubbs: \"for bubbles to burst, we need to find a pin; otherwise prices can rise further still in 2021\".     Here's Saxo's list:     (Julien Ponthus)    *****   TOP OVER/UNDERWEIGHT STOCKS BY FUND MANAGERS (1035 GMT)    What are most overweight and underweight stocks by active fund managers across all regions?   UBS analysts crunched some numbers, namely the institutional ownership data provided by FactSet, and answered the question forming an “active trading portfolio” by aggregating positions across global active managers.   They basically sum up all the holdings across active managers and calculate “weights of stocks in this active trading portfolio,” they explain in a research note.   They then compared this weight with the relevant equity index benchmark to form the active weight.   Among the top overweight globally there are Prosus   , Tencent   . Among the top underweight Apple   , Amazon.com   , Tesla   .    In the tables below the top overweight/underweight globally. The calculation is based on MSCI AC World index universe. Data as of 12 February 2021 close.    Below top overweight/underweight shares in Europe.   (Stefano Rebaudo)   *****   CAN STOCKS TOLERATE RISING YIELDS? (0916 GMT)   Stocks are once again moving in tandem with bond yields this morning, and that's making investors wonder whether this correlation is eventually going to break down if bonds continue on their downwards path.   Strategists at JPMorgan are upbeat and believe stocks can easily absorb a further rise in yields.   \"We would not expect the benign stocks-bonds correlation to break down while US 10-year yields are sub 2%, especially if the central banks’ liquidity provision remains ample, and growth backdrop positive,\" strategists at the U.S. bank say.   \"We believe that the drivers behind the bond yields' move matter more than their levels. If the bond yields are seen to be going up for the wrong reasons, the correlations could change sooner, but any tapering concerns will not be significant for a while yet, likely not this year,\" they add.   Earlier this month Goldman Sachs strategists also looked into the issue, asking themselves what's the level of 10-year yields at which income-oriented investors go back to bonds?   \"Different frameworks yield a range of answers, centered around 3%,\" they said. \"3% is the implied price return p.a. of the S&P 500 through 2031 based on its current price to normalized earnings ratio. An equivalent but risk-free yield on bonds would compare favorably,\" they noted.       In the chart you see how S&P 500 dividend and 10-year U.S. bond yields have been converging.       (Danilo Masoni)   *****   VIVENDI STEALS THE SHOW AT THE OPEN (0842 GMT)    It's an overwhelming positive start to the week with only two stocks in the red among the top 50 biggest moves!   That said, with a rise of over 20% to a 2002 high, France's Vivendi    is clearly stealing the show after the media group announced it would list Universal Music in Amsterdam and distribute 60% of the capital to its shareholders.    Among its shareholders of course is the Bollore holding company, which is also logically surging, up 14% at the moment.    That has lifted Europe's media index up nearly 3%.   Buoyant commodities and oil prices are also sending miners and oil majors higher in what looks a good day to play the reflation trade.    Cyclicals are hot indeed with banks up 1.6% and enjoying the rise in the yield of European sovereign bonds with the Bund crossing the -0.4% line for the first time since September.   Overall the pan-European STOXX 600 is up about 0.6% and around 4% of its February 2020 record high.    Here you can see how the huge majority of top movers are in the black this morning.         (Julien Ponthus)    *****        TIME TO TAKE A BREAK? (0807 GMT)    Time for a break? With Wall Street closed for Presidents Day and Chinese markets shut for the Lunar New Year, a good chunk of global financial markets is indeed taking some time off.   Probably a good time to step back, given equity markets are cruising on record highs and there are signs of speculative bubbles spreading across asset classes. Analysts at Nomura warn in fact of some \"technical position-trimming\" causing some market weakness towards the end of this week.   But notwithstanding doubts about the durability of the 'reflation trades,' they seem to be in the driving seat this morning as vaccine campaigns and hopes of U.S. stimulus beef up commodity and equity prices. Copper is at new eight-year highs, platinum at six-year peaks and oil at its highest in over a year, the last helped up also by Middle East tensions.   Yields on Germany's 10-year bonds also rose above -0.4% for the first time since September, after 10-year Treasuries ended last week above 1.20%, back at March 2020 levels.   U.S. 10-year inflation expectations too touched their highest since 2014.   Finally futures for European stocks, enjoying a better than expected earnings season, are up well above 0.5%.   Jitters about speculative bubbles rocking the boat remain however, after the 'Gamestonk' retail mania hit some hedge funds hard and briefly raised the question of systemic risks.   There's also some unease with bitcoin testing the $50,000 bar and the frenzy surrounding SPAC shell companies.   Talking about which, French investment firm Tikehau Capital is forming one with former UniCredit Chief Executive Jean-Pierre Mustier to target European financial deals.    Key developments that should provide more direction to markets on Monday:  - Japan Q4 GDP expanded more than expected, thanks to a rebound in overseas demand  - UK house prices Right Move  - Euro zone finance ministers meet  - Flash Q4 German GDP   (Julien Ponthus)    *****   WAKING UP ON THE RIGHT SIDE OF THE BED (0630 GMT)    Futures are quite upbeat this morning in Europe, up between 0.6% and 0.9% with commodities sharply on the rise.    While China and Hong Kong markets are shut for the Lunar New Year holiday, Asian shares have yet again hit new record highs, with the vaccine rollouts and the U.S. stimulus propping up the mood.    On the face of it, this looks like a typical 'reflation trade' day during which cyclicals and value stocks would be  expected to do well.   It's also a quiet day on the earnings and the macro fronts and the U.S. bank holiday should keep volumes subdued.      (Julien Ponthus)   *****    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ bund     sqdf     US stock and bond yields     globallyo     underweightg     Europeo     Europeu     saxo     vol     vol     Bitcoin       ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>","news_type":1},"isVote":1,"tweetType":1,"viewCount":218,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382034038,"gmtCreate":1613298331224,"gmtModify":1704879808749,"author":{"id":"3561281369980812","authorId":"3561281369980812","name":"黄炻羢3434","avatar":"https://community-static.tradeup.com/news/ef654faf2df8046ea072789b42573fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561281369980812","authorIdStr":"3561281369980812"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382034038","repostId":"2110026963","repostType":4,"repost":{"id":"2110026963","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1613109422,"share":"https://ttm.financial/m/news/2110026963?lang=&edition=fundamental","pubTime":"2021-02-12 13:57","market":"us","language":"en","title":"Here's the formula for spotting genuinely undervalued companies, claims this investment house","url":"https://stock-news.laohu8.com/highlight/detail?id=2110026963","media":"Dow Jones","summary":"The growth stock vs. value stock dichotomy doesn't make sense, says ValuAnalysis. For most of 2020, investors poured money into names like online retailer Amazon $$, electric-car maker Tesla $$, and e-commerce platform Shopify -- \"growth\" stocks that kept indexes afloat in a turbulent year that hammered share prices across the board.But when news broke in early November 2020 that drug company Pfizer $$ and its partner BioNTech $$ had developed an effective vaccine against COVID-19, something pro","content":"<p>MW Here's the formula for spotting genuinely undervalued companies, claims this investment house</p>\n<p>The growth stock vs. value stock dichotomy doesn't make sense, says ValuAnalysis</p>\n<p>For most of 2020, investors poured money into names like online retailer Amazon <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, electric-car maker Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, and e-commerce platform Shopify (SHOP.T)-- \"growth\" stocks that kept indexes afloat in a turbulent year that hammered share prices across the board.</p>\n<p>But when news broke in early November 2020 that drug company Pfizer <a href=\"https://laohu8.com/S/PFE\">$(PFE)$</a> and its partner BioNTech <a href=\"https://laohu8.com/S/BNTX\">$(BNTX)$</a> had developed an effective vaccine against COVID-19, something profound happened in financial markets.</p>\n<p>Investors rotated out of these investments in favor of \"value\" stocks hammered by the COVID-19 pandemic, like airlines.</p>\n<p>This rotation was based on an essential concept in investing: There are some stocks that are clearly undervalued based on standard metrics.</p>\n<p>And it is completely flawed, according to research from ValuAnalysis, a London-based fund manager and equity investment boutique, which specializes in valuation.</p>\n<p>The apparent difference between growth stocks and value stocks is that the former is overvalued based on fundamental metrics while the latter is undervalued.</p>\n<p>\"Everyone knows that this thing doesn't make any sense because growth is not the opposite of value,\" Pascal Costantini, who led the research at ValuAnalysis, tells MarketWatch.</p>\n<p>\"It should be high-growth and low-growth, and I can imagine that, somewhere in an office, some guy said 'well this is not catchy enough, so how about growth and value?'\"</p>\n<p>Analysts and investors use metrics like the price-to-earnings ratio, or price multiple, to value stocks. ValuAnalysis uses price as a multiple of normalized net free cash flow as its benchmark, and identifies the imaginary dividing line between value and growth stocks at 35x, which is the market median.</p>\n<p>The value vs. growth divide would suggest that a company trading at a 17x earnings multiple is undervalued. In reality, ValuAnalysis says it is likely a company that won't grow.</p>\n<p>In reality, a stock's value is based on the company's ability to grow free cash flow in an environment where the cost of capital is 5% to 6%. So if a company isn't outpacing that by improving revenue and margins, the multiple won't increase and the stock price is unlikely to rise.</p>\n<p>Stocks that are actually undervalued will trade between 25x and 35x free cash flow, Costantini says, outpacing the cost of capital but not breaking past the market median.</p>\n<p>To have potential, a company's accumulation of assets or revenue growth must outpace increases in global gross domestic product, and ideally show signs of accelerating. There must also be an increase in operational leverage through revenue or margins. A decrease in the risk premium, such as through advances in controlling carbon emissions, helps.</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>Here's the formula for spotting genuinely undervalued companies, claims this investment house</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's the formula for spotting genuinely undervalued companies, claims this investment house\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-02-12 13:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>MW Here's the formula for spotting genuinely undervalued companies, claims this investment house</p>\n<p>The growth stock vs. value stock dichotomy doesn't make sense, says ValuAnalysis</p>\n<p>For most of 2020, investors poured money into names like online retailer Amazon <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, electric-car maker Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, and e-commerce platform Shopify (SHOP.T)-- \"growth\" stocks that kept indexes afloat in a turbulent year that hammered share prices across the board.</p>\n<p>But when news broke in early November 2020 that drug company Pfizer <a href=\"https://laohu8.com/S/PFE\">$(PFE)$</a> and its partner BioNTech <a href=\"https://laohu8.com/S/BNTX\">$(BNTX)$</a> had developed an effective vaccine against COVID-19, something profound happened in financial markets.</p>\n<p>Investors rotated out of these investments in favor of \"value\" stocks hammered by the COVID-19 pandemic, like airlines.</p>\n<p>This rotation was based on an essential concept in investing: There are some stocks that are clearly undervalued based on standard metrics.</p>\n<p>And it is completely flawed, according to research from ValuAnalysis, a London-based fund manager and equity investment boutique, which specializes in valuation.</p>\n<p>The apparent difference between growth stocks and value stocks is that the former is overvalued based on fundamental metrics while the latter is undervalued.</p>\n<p>\"Everyone knows that this thing doesn't make any sense because growth is not the opposite of value,\" Pascal Costantini, who led the research at ValuAnalysis, tells MarketWatch.</p>\n<p>\"It should be high-growth and low-growth, and I can imagine that, somewhere in an office, some guy said 'well this is not catchy enough, so how about growth and value?'\"</p>\n<p>Analysts and investors use metrics like the price-to-earnings ratio, or price multiple, to value stocks. ValuAnalysis uses price as a multiple of normalized net free cash flow as its benchmark, and identifies the imaginary dividing line between value and growth stocks at 35x, which is the market median.</p>\n<p>The value vs. growth divide would suggest that a company trading at a 17x earnings multiple is undervalued. In reality, ValuAnalysis says it is likely a company that won't grow.</p>\n<p>In reality, a stock's value is based on the company's ability to grow free cash flow in an environment where the cost of capital is 5% to 6%. So if a company isn't outpacing that by improving revenue and margins, the multiple won't increase and the stock price is unlikely to rise.</p>\n<p>Stocks that are actually undervalued will trade between 25x and 35x free cash flow, Costantini says, outpacing the cost of capital but not breaking past the market median.</p>\n<p>To have potential, a company's accumulation of assets or revenue growth must outpace increases in global gross domestic product, and ideally show signs of accelerating. There must also be an increase in operational leverage through revenue or margins. A decrease in the risk premium, such as through advances in controlling carbon emissions, helps.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/15e20574f8fb568333181d61bb200086","relate_stocks":{"PFE":"辉瑞","TSLA":"特斯拉","AMZN":"亚马逊"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2110026963","content_text":"MW Here's the formula for spotting genuinely undervalued companies, claims this investment house\nThe growth stock vs. value stock dichotomy doesn't make sense, says ValuAnalysis\nFor most of 2020, investors poured money into names like online retailer Amazon $(AMZN)$, electric-car maker Tesla $(TSLA)$, and e-commerce platform Shopify (SHOP.T)-- \"growth\" stocks that kept indexes afloat in a turbulent year that hammered share prices across the board.\nBut when news broke in early November 2020 that drug company Pfizer $(PFE)$ and its partner BioNTech $(BNTX)$ had developed an effective vaccine against COVID-19, something profound happened in financial markets.\nInvestors rotated out of these investments in favor of \"value\" stocks hammered by the COVID-19 pandemic, like airlines.\nThis rotation was based on an essential concept in investing: There are some stocks that are clearly undervalued based on standard metrics.\nAnd it is completely flawed, according to research from ValuAnalysis, a London-based fund manager and equity investment boutique, which specializes in valuation.\nThe apparent difference between growth stocks and value stocks is that the former is overvalued based on fundamental metrics while the latter is undervalued.\n\"Everyone knows that this thing doesn't make any sense because growth is not the opposite of value,\" Pascal Costantini, who led the research at ValuAnalysis, tells MarketWatch.\n\"It should be high-growth and low-growth, and I can imagine that, somewhere in an office, some guy said 'well this is not catchy enough, so how about growth and value?'\"\nAnalysts and investors use metrics like the price-to-earnings ratio, or price multiple, to value stocks. ValuAnalysis uses price as a multiple of normalized net free cash flow as its benchmark, and identifies the imaginary dividing line between value and growth stocks at 35x, which is the market median.\nThe value vs. growth divide would suggest that a company trading at a 17x earnings multiple is undervalued. In reality, ValuAnalysis says it is likely a company that won't grow.\nIn reality, a stock's value is based on the company's ability to grow free cash flow in an environment where the cost of capital is 5% to 6%. So if a company isn't outpacing that by improving revenue and margins, the multiple won't increase and the stock price is unlikely to rise.\nStocks that are actually undervalued will trade between 25x and 35x free cash flow, Costantini says, outpacing the cost of capital but not breaking past the market median.\nTo have potential, a company's accumulation of assets or revenue growth must outpace increases in global gross domestic product, and ideally show signs of accelerating. There must also be an increase in operational leverage through revenue or margins. A decrease in the risk premium, such as through advances in controlling carbon emissions, helps.","news_type":1},"isVote":1,"tweetType":1,"viewCount":303,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382035788,"gmtCreate":1613298294944,"gmtModify":1704879808588,"author":{"id":"3561281369980812","authorId":"3561281369980812","name":"黄炻羢3434","avatar":"https://community-static.tradeup.com/news/ef654faf2df8046ea072789b42573fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561281369980812","authorIdStr":"3561281369980812"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/382035788","repostId":"2110904027","repostType":4,"repost":{"id":"2110904027","kind":"news","pubTimestamp":1613120945,"share":"https://ttm.financial/m/news/2110904027?lang=&edition=fundamental","pubTime":"2021-02-12 17:09","market":"fut","language":"en","title":"Oil’s Red-Hot Rally Fizzles With Virus Continuing Hold on Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2110904027","media":"Bloomberg","summary":"(Bloomberg) -- Oil slipped below $58 a barrel as a recent rally fizzled with the Covid-19 pandemic c","content":"<p>(Bloomberg) -- Oil slipped below $58 a barrel as a recent rally fizzled with the Covid-19 pandemic continuing to weigh on the demand outlook and as <a href=\"https://laohu8.com/S/AONE\">one</a> technical indicator signaled prices may have climbed too far, too fast.</p><p>Futures in New York fell for a second session on Friday after surging more than 12% for the longest run of gains in two years. The enduring outbreak continues to crimp fuel consumption from China to the U.S., with the International Energy Agency cutting its demand forecast for 2021 and describing the market as fragile. The U.S. government earlier this week also predicted the nation’s petroleum demand will likely need much more time to recover.</p><p>Despite the bearish sentiment, oil is still set to eke out a weekly gain and some are optimistic on the longer term outlook, including the IEA. The market is tightening, traders such as Trafigura Group see prices moving higher, and Citigroup Inc. is predicting Brent crude may hit $70 a barrel by year-end.</p><p>Oil’s rapid rebound from the depths of the Covid-19 pandemic has accelerated this year after Saudi Arabia pledged to deepen output cuts. Prompt timespreads have firmed in a bullish backwardation structure, helping to unwind bloated stockpiles held in onshore tanks and on ships that swelled during the outbreak.</p><p>While the recent eight-day rally pushed oil prices to the highest level in a year, it also sent crude’s 14-day Relative Strength Index firmly into overbought territory, signaling a correction was due.</p><p>“It was a long, uninterrupted rally that had to take a breather,” said Vandana Hari, founder of consultancy Vanda Insights. “The next leg up in prices may need reassurance that OPEC+ do not proceed to open the spigots from April.”</p><p>The IEA cut its forecast for world oil consumption in 2021 by 200,000 barrels a day, according to a report released on Thursday. The agency also boosted its projection for supplies outside the OPEC cartel by 400,000 barrels a day as a price recovery spurs investment.</p><p>Still, the IEA predicted a rapid stock draw during the second half, while OPEC estimated stronger global demand over the same period. The cartel increased its forecast for the amount of crude it will need to supply in 2021 by 340,000 barrels a day on weaker output from rival producers, according to a separate report.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil’s Red-Hot Rally Fizzles With Virus Continuing Hold on Market</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\">\nOil’s Red-Hot Rally Fizzles With Virus Continuing Hold on Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-12 17:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/oil-extends-drop-below-58-234202757.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Oil slipped below $58 a barrel as a recent rally fizzled with the Covid-19 pandemic continuing to weigh on the demand outlook and as one technical indicator signaled prices may have ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oil-extends-drop-below-58-234202757.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3faadc006e67e6ac130a7b171f263b4d","relate_stocks":{"C":"花旗","CVX":"雪佛龙","COP":"康菲石油","BAC":"美国银行","XOM":"埃克森美孚"},"source_url":"https://finance.yahoo.com/news/oil-extends-drop-below-58-234202757.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2110904027","content_text":"(Bloomberg) -- Oil slipped below $58 a barrel as a recent rally fizzled with the Covid-19 pandemic continuing to weigh on the demand outlook and as one technical indicator signaled prices may have climbed too far, too fast.Futures in New York fell for a second session on Friday after surging more than 12% for the longest run of gains in two years. The enduring outbreak continues to crimp fuel consumption from China to the U.S., with the International Energy Agency cutting its demand forecast for 2021 and describing the market as fragile. The U.S. government earlier this week also predicted the nation’s petroleum demand will likely need much more time to recover.Despite the bearish sentiment, oil is still set to eke out a weekly gain and some are optimistic on the longer term outlook, including the IEA. The market is tightening, traders such as Trafigura Group see prices moving higher, and Citigroup Inc. is predicting Brent crude may hit $70 a barrel by year-end.Oil’s rapid rebound from the depths of the Covid-19 pandemic has accelerated this year after Saudi Arabia pledged to deepen output cuts. Prompt timespreads have firmed in a bullish backwardation structure, helping to unwind bloated stockpiles held in onshore tanks and on ships that swelled during the outbreak.While the recent eight-day rally pushed oil prices to the highest level in a year, it also sent crude’s 14-day Relative Strength Index firmly into overbought territory, signaling a correction was due.“It was a long, uninterrupted rally that had to take a breather,” said Vandana Hari, founder of consultancy Vanda Insights. “The next leg up in prices may need reassurance that OPEC+ do not proceed to open the spigots from April.”The IEA cut its forecast for world oil consumption in 2021 by 200,000 barrels a day, according to a report released on Thursday. The agency also boosted its projection for supplies outside the OPEC cartel by 400,000 barrels a day as a price recovery spurs investment.Still, the IEA predicted a rapid stock draw during the second half, while OPEC estimated stronger global demand over the same period. The cartel increased its forecast for the amount of crude it will need to supply in 2021 by 340,000 barrels a day on weaker output from rival producers, according to a separate report.","news_type":1},"isVote":1,"tweetType":1,"viewCount":539,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":893649852,"gmtCreate":1628261048776,"gmtModify":1703504222588,"author":{"id":"3561281369980812","authorId":"3561281369980812","name":"黄炻羢3434","avatar":"https://community-static.tradeup.com/news/ef654faf2df8046ea072789b42573fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561281369980812","authorIdStr":"3561281369980812"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/RKDA\">$Arcadia Biosciences(RKDA)$</a>&nbsp;long long way to go","listText":"<a href=\"https://laohu8.com/S/RKDA\">$Arcadia Biosciences(RKDA)$</a>&nbsp;long long way to go","text":"$Arcadia Biosciences(RKDA)$ long long way to go","images":[{"img":"https://static.tigerbbs.com/a48f845df1b89f7e59e5b0da32df5d3a","width":"1152","height":"2048"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/893649852","isVote":1,"tweetType":1,"viewCount":541,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9000730340,"gmtCreate":1640302413793,"gmtModify":1676533514902,"author":{"id":"3561281369980812","authorId":"3561281369980812","name":"黄炻羢3434","avatar":"https://community-static.tradeup.com/news/ef654faf2df8046ea072789b42573fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561281369980812","authorIdStr":"3561281369980812"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SKLZ\">$Skillz Inc(SKLZ)$</a>😀😀buy the dip","listText":"<a href=\"https://ttm.financial/S/SKLZ\">$Skillz Inc(SKLZ)$</a>😀😀buy the dip","text":"$Skillz Inc(SKLZ)$😀😀buy the dip","images":[{"img":"https://static.itradeup.com/news/e8b02415411bde23270d6aeaadc81ba2","width":"1152","height":"2270"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000730340","isVote":1,"tweetType":1,"viewCount":266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":382035788,"gmtCreate":1613298294944,"gmtModify":1704879808588,"author":{"id":"3561281369980812","authorId":"3561281369980812","name":"黄炻羢3434","avatar":"https://community-static.tradeup.com/news/ef654faf2df8046ea072789b42573fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561281369980812","authorIdStr":"3561281369980812"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/382035788","repostId":"2110904027","repostType":4,"repost":{"id":"2110904027","kind":"news","pubTimestamp":1613120945,"share":"https://ttm.financial/m/news/2110904027?lang=&edition=fundamental","pubTime":"2021-02-12 17:09","market":"fut","language":"en","title":"Oil’s Red-Hot Rally Fizzles With Virus Continuing Hold on Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2110904027","media":"Bloomberg","summary":"(Bloomberg) -- Oil slipped below $58 a barrel as a recent rally fizzled with the Covid-19 pandemic c","content":"<p>(Bloomberg) -- Oil slipped below $58 a barrel as a recent rally fizzled with the Covid-19 pandemic continuing to weigh on the demand outlook and as <a href=\"https://laohu8.com/S/AONE\">one</a> technical indicator signaled prices may have climbed too far, too fast.</p><p>Futures in New York fell for a second session on Friday after surging more than 12% for the longest run of gains in two years. The enduring outbreak continues to crimp fuel consumption from China to the U.S., with the International Energy Agency cutting its demand forecast for 2021 and describing the market as fragile. The U.S. government earlier this week also predicted the nation’s petroleum demand will likely need much more time to recover.</p><p>Despite the bearish sentiment, oil is still set to eke out a weekly gain and some are optimistic on the longer term outlook, including the IEA. The market is tightening, traders such as Trafigura Group see prices moving higher, and Citigroup Inc. is predicting Brent crude may hit $70 a barrel by year-end.</p><p>Oil’s rapid rebound from the depths of the Covid-19 pandemic has accelerated this year after Saudi Arabia pledged to deepen output cuts. Prompt timespreads have firmed in a bullish backwardation structure, helping to unwind bloated stockpiles held in onshore tanks and on ships that swelled during the outbreak.</p><p>While the recent eight-day rally pushed oil prices to the highest level in a year, it also sent crude’s 14-day Relative Strength Index firmly into overbought territory, signaling a correction was due.</p><p>“It was a long, uninterrupted rally that had to take a breather,” said Vandana Hari, founder of consultancy Vanda Insights. “The next leg up in prices may need reassurance that OPEC+ do not proceed to open the spigots from April.”</p><p>The IEA cut its forecast for world oil consumption in 2021 by 200,000 barrels a day, according to a report released on Thursday. The agency also boosted its projection for supplies outside the OPEC cartel by 400,000 barrels a day as a price recovery spurs investment.</p><p>Still, the IEA predicted a rapid stock draw during the second half, while OPEC estimated stronger global demand over the same period. The cartel increased its forecast for the amount of crude it will need to supply in 2021 by 340,000 barrels a day on weaker output from rival producers, according to a separate report.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil’s Red-Hot Rally Fizzles With Virus Continuing Hold on Market</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\">\nOil’s Red-Hot Rally Fizzles With Virus Continuing Hold on Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-12 17:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/oil-extends-drop-below-58-234202757.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Oil slipped below $58 a barrel as a recent rally fizzled with the Covid-19 pandemic continuing to weigh on the demand outlook and as one technical indicator signaled prices may have ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oil-extends-drop-below-58-234202757.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3faadc006e67e6ac130a7b171f263b4d","relate_stocks":{"C":"花旗","CVX":"雪佛龙","COP":"康菲石油","BAC":"美国银行","XOM":"埃克森美孚"},"source_url":"https://finance.yahoo.com/news/oil-extends-drop-below-58-234202757.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2110904027","content_text":"(Bloomberg) -- Oil slipped below $58 a barrel as a recent rally fizzled with the Covid-19 pandemic continuing to weigh on the demand outlook and as one technical indicator signaled prices may have climbed too far, too fast.Futures in New York fell for a second session on Friday after surging more than 12% for the longest run of gains in two years. The enduring outbreak continues to crimp fuel consumption from China to the U.S., with the International Energy Agency cutting its demand forecast for 2021 and describing the market as fragile. The U.S. government earlier this week also predicted the nation’s petroleum demand will likely need much more time to recover.Despite the bearish sentiment, oil is still set to eke out a weekly gain and some are optimistic on the longer term outlook, including the IEA. The market is tightening, traders such as Trafigura Group see prices moving higher, and Citigroup Inc. is predicting Brent crude may hit $70 a barrel by year-end.Oil’s rapid rebound from the depths of the Covid-19 pandemic has accelerated this year after Saudi Arabia pledged to deepen output cuts. Prompt timespreads have firmed in a bullish backwardation structure, helping to unwind bloated stockpiles held in onshore tanks and on ships that swelled during the outbreak.While the recent eight-day rally pushed oil prices to the highest level in a year, it also sent crude’s 14-day Relative Strength Index firmly into overbought territory, signaling a correction was due.“It was a long, uninterrupted rally that had to take a breather,” said Vandana Hari, founder of consultancy Vanda Insights. “The next leg up in prices may need reassurance that OPEC+ do not proceed to open the spigots from April.”The IEA cut its forecast for world oil consumption in 2021 by 200,000 barrels a day, according to a report released on Thursday. The agency also boosted its projection for supplies outside the OPEC cartel by 400,000 barrels a day as a price recovery spurs investment.Still, the IEA predicted a rapid stock draw during the second half, while OPEC estimated stronger global demand over the same period. The cartel increased its forecast for the amount of crude it will need to supply in 2021 by 340,000 barrels a day on weaker output from rival producers, according to a separate report.","news_type":1},"isVote":1,"tweetType":1,"viewCount":539,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382034038,"gmtCreate":1613298331224,"gmtModify":1704879808749,"author":{"id":"3561281369980812","authorId":"3561281369980812","name":"黄炻羢3434","avatar":"https://community-static.tradeup.com/news/ef654faf2df8046ea072789b42573fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561281369980812","authorIdStr":"3561281369980812"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382034038","repostId":"2110026963","repostType":4,"repost":{"id":"2110026963","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1613109422,"share":"https://ttm.financial/m/news/2110026963?lang=&edition=fundamental","pubTime":"2021-02-12 13:57","market":"us","language":"en","title":"Here's the formula for spotting genuinely undervalued companies, claims this investment house","url":"https://stock-news.laohu8.com/highlight/detail?id=2110026963","media":"Dow Jones","summary":"The growth stock vs. value stock dichotomy doesn't make sense, says ValuAnalysis. For most of 2020, investors poured money into names like online retailer Amazon $$, electric-car maker Tesla $$, and e-commerce platform Shopify -- \"growth\" stocks that kept indexes afloat in a turbulent year that hammered share prices across the board.But when news broke in early November 2020 that drug company Pfizer $$ and its partner BioNTech $$ had developed an effective vaccine against COVID-19, something pro","content":"<p>MW Here's the formula for spotting genuinely undervalued companies, claims this investment house</p>\n<p>The growth stock vs. value stock dichotomy doesn't make sense, says ValuAnalysis</p>\n<p>For most of 2020, investors poured money into names like online retailer Amazon <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, electric-car maker Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, and e-commerce platform Shopify (SHOP.T)-- \"growth\" stocks that kept indexes afloat in a turbulent year that hammered share prices across the board.</p>\n<p>But when news broke in early November 2020 that drug company Pfizer <a href=\"https://laohu8.com/S/PFE\">$(PFE)$</a> and its partner BioNTech <a href=\"https://laohu8.com/S/BNTX\">$(BNTX)$</a> had developed an effective vaccine against COVID-19, something profound happened in financial markets.</p>\n<p>Investors rotated out of these investments in favor of \"value\" stocks hammered by the COVID-19 pandemic, like airlines.</p>\n<p>This rotation was based on an essential concept in investing: There are some stocks that are clearly undervalued based on standard metrics.</p>\n<p>And it is completely flawed, according to research from ValuAnalysis, a London-based fund manager and equity investment boutique, which specializes in valuation.</p>\n<p>The apparent difference between growth stocks and value stocks is that the former is overvalued based on fundamental metrics while the latter is undervalued.</p>\n<p>\"Everyone knows that this thing doesn't make any sense because growth is not the opposite of value,\" Pascal Costantini, who led the research at ValuAnalysis, tells MarketWatch.</p>\n<p>\"It should be high-growth and low-growth, and I can imagine that, somewhere in an office, some guy said 'well this is not catchy enough, so how about growth and value?'\"</p>\n<p>Analysts and investors use metrics like the price-to-earnings ratio, or price multiple, to value stocks. ValuAnalysis uses price as a multiple of normalized net free cash flow as its benchmark, and identifies the imaginary dividing line between value and growth stocks at 35x, which is the market median.</p>\n<p>The value vs. growth divide would suggest that a company trading at a 17x earnings multiple is undervalued. In reality, ValuAnalysis says it is likely a company that won't grow.</p>\n<p>In reality, a stock's value is based on the company's ability to grow free cash flow in an environment where the cost of capital is 5% to 6%. So if a company isn't outpacing that by improving revenue and margins, the multiple won't increase and the stock price is unlikely to rise.</p>\n<p>Stocks that are actually undervalued will trade between 25x and 35x free cash flow, Costantini says, outpacing the cost of capital but not breaking past the market median.</p>\n<p>To have potential, a company's accumulation of assets or revenue growth must outpace increases in global gross domestic product, and ideally show signs of accelerating. There must also be an increase in operational leverage through revenue or margins. A decrease in the risk premium, such as through advances in controlling carbon emissions, helps.</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>Here's the formula for spotting genuinely undervalued companies, claims this investment house</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's the formula for spotting genuinely undervalued companies, claims this investment house\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-02-12 13:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>MW Here's the formula for spotting genuinely undervalued companies, claims this investment house</p>\n<p>The growth stock vs. value stock dichotomy doesn't make sense, says ValuAnalysis</p>\n<p>For most of 2020, investors poured money into names like online retailer Amazon <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, electric-car maker Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, and e-commerce platform Shopify (SHOP.T)-- \"growth\" stocks that kept indexes afloat in a turbulent year that hammered share prices across the board.</p>\n<p>But when news broke in early November 2020 that drug company Pfizer <a href=\"https://laohu8.com/S/PFE\">$(PFE)$</a> and its partner BioNTech <a href=\"https://laohu8.com/S/BNTX\">$(BNTX)$</a> had developed an effective vaccine against COVID-19, something profound happened in financial markets.</p>\n<p>Investors rotated out of these investments in favor of \"value\" stocks hammered by the COVID-19 pandemic, like airlines.</p>\n<p>This rotation was based on an essential concept in investing: There are some stocks that are clearly undervalued based on standard metrics.</p>\n<p>And it is completely flawed, according to research from ValuAnalysis, a London-based fund manager and equity investment boutique, which specializes in valuation.</p>\n<p>The apparent difference between growth stocks and value stocks is that the former is overvalued based on fundamental metrics while the latter is undervalued.</p>\n<p>\"Everyone knows that this thing doesn't make any sense because growth is not the opposite of value,\" Pascal Costantini, who led the research at ValuAnalysis, tells MarketWatch.</p>\n<p>\"It should be high-growth and low-growth, and I can imagine that, somewhere in an office, some guy said 'well this is not catchy enough, so how about growth and value?'\"</p>\n<p>Analysts and investors use metrics like the price-to-earnings ratio, or price multiple, to value stocks. ValuAnalysis uses price as a multiple of normalized net free cash flow as its benchmark, and identifies the imaginary dividing line between value and growth stocks at 35x, which is the market median.</p>\n<p>The value vs. growth divide would suggest that a company trading at a 17x earnings multiple is undervalued. In reality, ValuAnalysis says it is likely a company that won't grow.</p>\n<p>In reality, a stock's value is based on the company's ability to grow free cash flow in an environment where the cost of capital is 5% to 6%. So if a company isn't outpacing that by improving revenue and margins, the multiple won't increase and the stock price is unlikely to rise.</p>\n<p>Stocks that are actually undervalued will trade between 25x and 35x free cash flow, Costantini says, outpacing the cost of capital but not breaking past the market median.</p>\n<p>To have potential, a company's accumulation of assets or revenue growth must outpace increases in global gross domestic product, and ideally show signs of accelerating. There must also be an increase in operational leverage through revenue or margins. A decrease in the risk premium, such as through advances in controlling carbon emissions, helps.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/15e20574f8fb568333181d61bb200086","relate_stocks":{"PFE":"辉瑞","TSLA":"特斯拉","AMZN":"亚马逊"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2110026963","content_text":"MW Here's the formula for spotting genuinely undervalued companies, claims this investment house\nThe growth stock vs. value stock dichotomy doesn't make sense, says ValuAnalysis\nFor most of 2020, investors poured money into names like online retailer Amazon $(AMZN)$, electric-car maker Tesla $(TSLA)$, and e-commerce platform Shopify (SHOP.T)-- \"growth\" stocks that kept indexes afloat in a turbulent year that hammered share prices across the board.\nBut when news broke in early November 2020 that drug company Pfizer $(PFE)$ and its partner BioNTech $(BNTX)$ had developed an effective vaccine against COVID-19, something profound happened in financial markets.\nInvestors rotated out of these investments in favor of \"value\" stocks hammered by the COVID-19 pandemic, like airlines.\nThis rotation was based on an essential concept in investing: There are some stocks that are clearly undervalued based on standard metrics.\nAnd it is completely flawed, according to research from ValuAnalysis, a London-based fund manager and equity investment boutique, which specializes in valuation.\nThe apparent difference between growth stocks and value stocks is that the former is overvalued based on fundamental metrics while the latter is undervalued.\n\"Everyone knows that this thing doesn't make any sense because growth is not the opposite of value,\" Pascal Costantini, who led the research at ValuAnalysis, tells MarketWatch.\n\"It should be high-growth and low-growth, and I can imagine that, somewhere in an office, some guy said 'well this is not catchy enough, so how about growth and value?'\"\nAnalysts and investors use metrics like the price-to-earnings ratio, or price multiple, to value stocks. ValuAnalysis uses price as a multiple of normalized net free cash flow as its benchmark, and identifies the imaginary dividing line between value and growth stocks at 35x, which is the market median.\nThe value vs. growth divide would suggest that a company trading at a 17x earnings multiple is undervalued. In reality, ValuAnalysis says it is likely a company that won't grow.\nIn reality, a stock's value is based on the company's ability to grow free cash flow in an environment where the cost of capital is 5% to 6%. So if a company isn't outpacing that by improving revenue and margins, the multiple won't increase and the stock price is unlikely to rise.\nStocks that are actually undervalued will trade between 25x and 35x free cash flow, Costantini says, outpacing the cost of capital but not breaking past the market median.\nTo have potential, a company's accumulation of assets or revenue growth must outpace increases in global gross domestic product, and ideally show signs of accelerating. There must also be an increase in operational leverage through revenue or margins. A decrease in the risk premium, such as through advances in controlling carbon emissions, helps.","news_type":1},"isVote":1,"tweetType":1,"viewCount":303,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188958398,"gmtCreate":1623420087714,"gmtModify":1704203194773,"author":{"id":"3561281369980812","authorId":"3561281369980812","name":"黄炻羢3434","avatar":"https://community-static.tradeup.com/news/ef654faf2df8046ea072789b42573fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561281369980812","authorIdStr":"3561281369980812"},"themes":[],"htmlText":"Will it up to 50","listText":"Will it up to 50","text":"Will it up to 50","images":[{"img":"https://static.tigerbbs.com/b7f5ad12b9199b4cd17874a6d61b88f1","width":"1080","height":"2240"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188958398","isVote":1,"tweetType":1,"viewCount":340,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":323463304,"gmtCreate":1615368050908,"gmtModify":1704781734665,"author":{"id":"3561281369980812","authorId":"3561281369980812","name":"黄炻羢3434","avatar":"https://community-static.tradeup.com/news/ef654faf2df8046ea072789b42573fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561281369980812","authorIdStr":"3561281369980812"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323463304","repostId":"1151478477","repostType":4,"isVote":1,"tweetType":1,"viewCount":246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382143937,"gmtCreate":1613395782529,"gmtModify":1704880271187,"author":{"id":"3561281369980812","authorId":"3561281369980812","name":"黄炻羢3434","avatar":"https://community-static.tradeup.com/news/ef654faf2df8046ea072789b42573fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561281369980812","authorIdStr":"3561281369980812"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382143937","repostId":"2111009343","repostType":2,"isVote":1,"tweetType":1,"viewCount":317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382149555,"gmtCreate":1613395714377,"gmtModify":1704880270521,"author":{"id":"3561281369980812","authorId":"3561281369980812","name":"黄炻羢3434","avatar":"https://community-static.tradeup.com/news/ef654faf2df8046ea072789b42573fdd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561281369980812","authorIdStr":"3561281369980812"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382149555","repostId":"2111009681","repostType":2,"isVote":1,"tweetType":1,"viewCount":218,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}